2029
Visa, Mastercard to extend non-EU card fee caps to 2029, EU says
Visa and Mastercard will extend tourist card fee caps with EU antitrust regulators until 2029, announced by the European Commission. Set in 2019 to avoid fines, the caps include 0.2% for non-EU debit cards, 0.3% for credit, and 1.15% and 1.5% for card not present transactions. Interchange fees continue generating bank profits.
Indian Pharma exports: 'USD 10 billion opportunity up for grabs in off patent drug market by 2029'
A senior official of the Pharmexcil said drugs such as Merck's Pembrolizumab (Keytruda) whose revenue were at USD 25 billion and Bristol-Myers Squibb's Eliquis (Apixaban)-USD 12 billion, among others would be off-patented in the next few years.
Manish Tewari political tourist, will look for new seat in 2029: BJP Chandigarh LS nominee
BJP leader Sanjay Tandon, contesting Lok Sabha elections from Chandigarh, criticizes opponent Manish Tewari as a 'political tourist'. Tandon aims for a hat-trick win from the Chandigarh parliamentary seat in the upcoming polls.
IMF revises China's GDP to 5% this year; growth may decelerate to 3.3 per cent by 2029, says Gita Gopinath
The 5 per cent growth revision by the International Monetary Fund (IMF) is in line with the target set by the Chinese government for the world's second-largest economy which is grappling with a slowdown triggered by the crippling property sector crisis and industrial overcapacity.
REnergy Dynamics enters renewable energy space, eyes Rs 5,000 crore order book by 2029
REnergy Dynamics (RED) announced its entry into the renewable energy sector with plans to achieve an order book of Rs 5,000 crore by 2029, currently holding projects worth Rs 575 crore. The company aims to secure orders through large-scale bioenergy projects, EPC services to renewable energy developers, feedstock aggregation for CBG projects, and manufacturing of biogas plant components.
India's chemicals market to hit $29.7 bn in 2024, set for steady growth with 3.26% CAGR through 2029
India's chemicals market, valued at USD 220 billion in 2023, is projected to grow to USD 383 billion by 2030, with an 8.1% CAGR. This sector, currently the sixth largest globally by sales, has attracted USD 21.7 billion in FDI from April 2000 to September 2023, benefiting from 100% FDI under the automatic route. Investments in Petroleum, Chemical, and Petrochemical Investment Regions (PCPIRs) are expected to reach USD 420 billion. The establishment of educational institutes like CIPET and IPFT will drive skill development.
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India Playbook 2024: Aiming for a trillion dollars in forex reserves by 2029
India's economic trajectory for global investments is driven by stable macroeconomic environment, robust earnings growth, and significant contributions from software services and remittances. Inclusion in MSCI EM index and prominent Emerging Market Bond indices enhances India's investment landscape.
Brand Modi outcome of people's trust gained over two decades: PM Modi
Prime Minister Narendra Modi described himself as a doer committed to making India a developed nation by 2047, attributing the perception of "Brand Modi" to the trust and support he has earned over two decades of public service. In an exclusive PTI interview, Modi emphasized that he focuses on actions rather than titles, driven by the people's belief in his genuine efforts and hard work. He acknowledged that while mistakes may happen, his intentions are always sincere.
Pakistan to privatise all SOEs, except strategic enterprises: PM Sharif
Asserting that the government's job is not to do business but to ensure a business and investment-friendly environment, Sharif directed all ministries to take action and cooperate with the Privatisation Commission.
Sensex can zoom to 1.5 lakh by 2029 but don't be a speculator
While there are several reasons for this surge, peaks and troughs, booms and busts are an integral part of the stock market saga - much like the waves of the sea, which incessantly rise and fall. Hence, there could be an element of “irrational exuberance”, “froth” and “bubble”.
US to require new cars to have emergency braking systems by 2029
Congress directed the NHTSA in the 2021 infrastructure law to create a rule to establish minimum performance standards for automatic emergency braking (AEB) systems, which use sensors like cameras and radar to detect when a vehicle is close to crashing and then automatically applies brakes if the driver has not done so.
Sensex at 1,50,000 by 2029: The ultimate compounding machine
Looking back, the story of the Sensex is the story of India in a sense. In 1979, India was virtually a basket case in the global scheme of things, with a GDP of barely $130 billion. In fact, in 1990, the country went nearly bankrupt with forex reserves dwindling to a few months of our imports. Then came the IMF bailout package, and India has not looked back since.
India aims for first strategic petroleum reserve with a private company by 2029-30
India is aiming to establish its first privately managed strategic petroleum reserve (SPR) by 2029-30, allowing the operator to trade all stored oil, according to the chief executive of Indian Strategic Petroleum Reserves Ltd (ISPRL). This move mirrors models adopted by countries like Japan and South Korea, where private lessees, often oil majors, are permitted to trade the crude.
Indian logistics market to grow at 8.8% annually to $484.43 bn by 2029
The Indian freight and logistics market is projected to grow at an annual rate of 8.8% to reach USD 484.43 billion by 2029, up from USD 317.26 billion in 2024, according to a report released at the LogiMAT India logistic fair. Organized by Messe Stuttgart India Pvt Ltd, the event highlights technological advancements driving this growth, including intralogistics, automation, warehousing, and transportation management.
TVS SCS extends contract with Rolls-Royce for parts distribution centre in Singapore till 2029
The Singapore facility of the TVS Supply Chain Solutions caters to the Asia Pacific markets of Rolls-Royce power system business unit, according to the company.
PM Modi declares open Khelo India Youth Games in Chennai
Welcoming the participants, the prime minister remarked that they were together "showcasing the true spirit of 'Ek Bharat Shrestha Bharat'" and said that for Indian sports, "the Youth Games is a great way to start the new year 2024". Lighting the traditional torch to mark the beginning of the games, he said it is estimated that the size of the Indian sports industry in the coming years would touch nearly Rs 1 lakh crore.
Kerala to bring in policy to emerge as AVGC-XR hub; targets creating 50,000 jobs by 2029
The policy aims to equip the state to be capable of claiming at least 10 per cent of the export of AVGC-XR-based products and services from the country.
Odisha's final list shows surge in voters in 20-29 age group
The woman voter has also increasingly become a strong constituency across states and the gender ratio is a good indicator in that front. From a gender ratio of 963 gender ratio in the draft electoral rolls, the number has improved to 972 in the final roll published this week.
India set to bid for 2029 World Athletics Championships
The Athletics Federation of India (AFI) was earlier considering to bid for the hosting rights of the 2027 World Athletics Championships but it is now learnt that it has dropped the plan and is instead looking to host the 2029 edition. The time period for the formal bidding for the 2029 World Athletics Championships is not known yet. The World Athletics has published the bidding timeline for the 2027 World Athletics Championships -- which began early this year -- but not for the 2029 edition.
NASA probe to observe near-Earth asteroid's 2029 close encounter
NASA's OSIRIS-REx spacecraft, now known as OSIRIS-APEX, is set to rendezvous with the asteroid Apophis during its close approach to Earth in 2029. Apophis, measuring about 1,110 feet (340 meters) across, will pass within 19,800 miles (31,860 km) of Earth's surface.
How cricket is perfect foil for IOC to enter hitherto untapped South Asian market
The Olympics, which claims to be a global movement, hasn’t yet set foot in South Asia. Cricket, it may be said, opens up South Asia like nothing else can for the IOC. And that’s what makes its inclusion financially sustainable, yet another very important consideration for the LA28 organisers.
India will leave no stone unturned in hosting 2036 Olympics, says PM Modi
"Indians are very excited about hosting the Olympics Games. India will leave no stone unturned in organising the 2036 Olympics," said Modi during his address to the IOC Session delegation and a host of other invitees at the Jio World Convention Centre in Mumbai.
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