South Korea’s Samsung Electronics said on Wednesday it expected fourth-quarter profits to be sharply down compared with the previous quarter, falling short of expectations as the company struggled to meet robust demand for chips used in artificial intelligence servers. Sales…
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Despite a slowdown in real GDP growth, per capita nominal GDP in India is expected to increase significantly in FY25, by at least Rs 35,000 more than FY23, economists have said.
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Pace at which PEs are leaning into India, Japan and ANZ is striking, said top Asian dealmaker. Global capital according to him is truly diversifying in the region as new opportunities spring up across the region. Beijing’s recent fiscal stimulus…
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India’s fiscal deficit calculations for FY25 might be impacted by a lower-than-expected economic growth forecast of 9.6%. Lower nominal GDP could result in a slight increase in the fiscal deficit ratio to 4.98%. However, higher-than-budgeted tax collections and reduced capital…
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Temasek is negotiating to acquire a minority stake in Haldiram Snacks Food for over $1 billion after Bain Capital opted out. Alpha Wave Global is also competing. Blackstone’s offer includes conditions resisted by Haldiram’s promoters. A decision is expected by…
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India’s new central bank governor, Sanjay Malhotra, faces the challenge of managing the rupee’s exchange rate amid pressure for more flexibility. Former Governor Shaktikanta Das’s tenure focused on reducing volatility, but critics argue this hurt export competitiveness. The rupee is…
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