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BUSINESS

India targets 50 space launches a year by 2030: IN-SPACe Chief
BUSINESS

India targets 50 space launches a year by 2030: IN-SPACe Chief

New Delhi, Sep 6 — India is targeting a major expansion in its space launch capabilities, with plans to increase the number of launches to 50 a year by 2030 as the country looks to build a full-fledged commercial space ecosystem, Pawan Goenka, Chairman of the Indian National Space Promotion and…

India emerges as key diesel supplier to Europe: Report
WORLD

India emerges as key diesel supplier to Europe: Report

New Delhi, Sep 6 — India is emerging as a crucial supplier of diesel to Europe as Russian exports remain severely constrained and US shipments begin to weaken, with Indian refiners accounting for around 60 per cent of diesel volumes transiting the Bab-el-Mandeb to Europe in August, according to…

Tourist complaints in S. Korea hit record high amid travel boom
WORLD

Tourist complaints in S. Korea hit record high amid travel boom

Seoul, Sep 6 — Tourist complaints in South Korea have hit a record high this year, data showed on Sunday, with problems ranging from reckless taxi driving to overcharging at shopping malls.A total of 1,753 complaints were filed nationwide between January and July this year, already surpassing the…

Corporate dollar deposits peak in Sep as Korean won strengthens
BUSINESS

Corporate dollar deposits peak in Sep as Korean won strengthens

Seoul, Sep 6 — Corporate dollar deposits at major South Korean banks have risen to a record high this month, as the won-dollar exchange rate fell to its lowest level in almost two years, industry data showed on Sunday.The outstanding dollar deposits at five major local banks stood at US$76.98…

Surplus liquidity from FCNR(B) flows may lower bank funding costs
BUSINESS

Surplus liquidity from FCNR(B) flows may lower bank funding costs

New Delhi, Sep 5 — The cost of funds for banks is expected to decline by up to 50 basis points as robust Foreign Currency Non-Resident (Bank) or FCNR(B) inflows boost liquidity and reduce dependence on higher-cost certificates of deposit (CDs), as per multiple reports.The surplus liquidity is…