Economy

How Manmohan Singh’s reforms empowered India Inc to fly high, compete globally and thrive

The era of Manmohan Singh, spanning his tenure as Finance Minister (1991-96) and Prime Minister (2004-2014), is being widely remembered for transformative industrial reforms that redefined corporate India.  As captains of industry mourned the passing of Singh, regarded as the architect of India’s 1991 economic turnaround, they lauded his vision for empowering Indian businesses to […]

Saudia and flyadeal Rank Top Globally for On-Time Performance (OTP)

Saudia Group has announced exceptional On-Time Performance (OTP) rankings, for its subsidiaries, Saudia and flyadeal, achieving impressive global results, according to a report by the independent aviation tracking site, Cirium, for November 2024.   Saudia, the national flag carrier of Saudi Arabia, has emerged as the new leader among global industry peers, ranking […]

Visa Helps Holiday Shoppers Stay Secure, Blocking Nearly 85% More Suspected Fraud Globally This Cyber Monday Compared to Last Year1

San Francisco, United States:   Visa’s critical investments in the fight against fraud are paying off for holiday shoppers this holiday season. On Cyber Monday alone, Visa blocked nearly 85% more suspected fraud globally compared to last year.1 Throughout the holiday weekend, suspected fraudulent transactions rose 200% around the world, due […]

Tourism in Asia and the Pacific Reach 85% of 2019 Levels, With Japan Standing out as One of the Top Earners Globally

Madrid, Spain:   In the first nine months of 2024, 1 billion tourists travelled to international destinations, reaching out 98% of pre-pandemic levels. According to the latest UN Tourism World Tourism Barometer, it is expected to fully recover by the end of the year, despite current economic, geopolitical, and climatic challenges. […]

Deploying Balancing Power Could Accelerate India’s Energy Transition and Save €65 Trillion Globally by 2050: New Wärtsilä Report

Mumbai, Maharashtra, India:  Wärtsilä’s global power system modelling, published in the Crossroads to net zero report, compares two pathways from the year 2025 to 2050 with the aim to reduce greenhouse gas emissions and limit global warming, as per the Paris Agreement targets. In the first pathway, only renewables, such as […]

Economy

Gold ETFs report net loss in November globally but India stays invested

Physically-backed gold exchange-traded funds (ETFs) reported a net loss globally for the first time in seven months during November, the World Gold Council (WGC) said. However, Indian gold ETFs recorded inflows for the eighth consecutive month, attracting $175 million in November. This was likely driven by rising equity market volatility and general bullish sentiment towards […]