Economic Growth
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Business
India Climbs to 4th Place in Global Foreign Exchange Reserves, Surpassing $704 Billion
India has secured its position as one of the world’s largest holders of foreign exchange reserves, now ranking fourth globally, following China, Japan, and Switzerland. According to data from the Reserve Bank of India (RBI), the country’s foreign exchange reserves rose by USD 12.588 billion in just one week, reaching a record high of USD 704.885 billion as of September…
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Technology News
Apple Expands in India: iPhone Exports to Surpass $10 Billion This Year
Apple is rapidly expanding its manufacturing presence in India, with iPhone exports from the country rising by nearly a third in value over the past six months, reaching $6 billion. By the end of this fiscal year, India’s iPhone exports are projected to exceed $10 billion. This expansion supports Apple’s strategy to reduce reliance on China by leveraging India’s subsidies,…
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Business
Elon Musk Set to Become World’s First Trillionaire by 2027, Says Report
Elon Musk, the CEO of Tesla and SpaceX, is on track to potentially become the world’s first trillionaire by 2027, according to a report from Informa Connect Academy. Following close behind, Indian industrialist Gautam Adani could achieve trillionaire status by 2028, while Asia’s wealthiest man, Mukesh Ambani, is predicted to reach that milestone in 2033. Musk, currently the wealthiest individual…
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State News
State Government Explores Land Options for New Airport Near Bengaluru
Bengaluru: In a strategic response to Tamil Nadu’s recent initiative to develop an airport in Hosur, the Karnataka government has set its sights on constructing an international airport along its border. This move reflects the state’s commitment to enhancing regional connectivity and promoting economic growth. To identify suitable locations for this ambitious project, the government is actively exploring available land…
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Business
Japan’s Seven & i Seeks Preemptive Measures Amid Foreign Takeover Interest
Seven & i Holdings, the operator of 7-Eleven convenience stores, is reportedly seeking enhanced government protection in Japan, just days after revealing that it had received a preliminary takeover offer from Canada’s Alimentation Couche-Tard. This move by the $38 billion company raises concerns as it appears to contradict the Japanese government’s efforts to rejuvenate the economy by encouraging corporate reforms…
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Hubballi-Dharwad
Hubballi: MLA Tenginkai Pitches Tourism Boost with Ambitious Heliport Plan
Bengaluru: Hubballi Central MLA Mahesh Tenginkai championed the potential of Nrupatunga Betta as a major tourist destination during the assembly session on Monday. He raised a starred question, specifically thanking Tourism Minister HK Patil for initiating an action plan for a zipway at the Betta. While details regarding the zipway’s end point remain unclear, earlier discussions proposed a connection between…
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Politics News
BJP’s National Convention: ‘Viksit Bharat-Modi ki Guarantee’ Political Resolution Passes
New Delhi: The BJP’s national convention in the capital passed a political resolution titled “Viksit Bharat-Modi ki guarantee” during its national council meeting. The resolution, presented by Defence Minister Rajnath Singh, emphasized the government’s development initiatives, cultural measures, and special focus on women, south India, farmers, and Sikhs. Singh highlighted the transformation of India since Narendra Modi became Prime Minister…
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India News
Revanth Reddy Sworn in as Telangana Chief Minister, Pledges to Implement Poll Guarantees
Hyderabad, December 7, 2023: Newly-elected Chief Minister of Telangana, A. Revanth Reddy, signed two files immediately after taking oath on Thursday, symbolizing his commitment to fulfilling key promises made by the Congress party during the recent elections, said sources. The first file signed by Reddy aimed at implementing the “Six Guarantees” – a series of social welfare and development initiatives…
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