PRESS AI WORLD

ECONOMY

Commerce department reduces gold import value by $5 billion for November

Thursday, Jan 09

The commerce department has revised gold import figures, reducing November's total by $5 billion, impacting trade deficit estimates.

ECONOMY

Over Rs 22,000 crore in life insurance remains unclaimed, prompting industry-wide action

Thursday, Jan 09

Life insurers hold Rs 22,237 crore in unclaimed amounts, highlighting the need for better estate planning and clear nominee regulations.

ECONOMY

Wilmar to expand its FMCG portfolio using abundant edible oil distribution

Thursday, Jan 09

Adani Wilmar plans to leverage its edible oil distribution to enhance its consumer goods portfolio after Adani Group's exit from the staples market.

ECONOMY

Microfinance Industry Declines 4% Amid Rising Defaults in Q2 FY25

Thursday, Jan 09

The microfinance sector faces a 4% decline in Q2 FY25, with loan defaults doubling, highlighting serious issues in borrower management.

ECONOMY

Stockholding Services Penalized Rs 9 Lakh for KYC Compliance Failures

Thursday, Jan 09

Sebi imposes Rs 9 lakh fine on Stockholding Services for failing to conduct adequate KYC due diligence on its clients.

ECONOMY

Japan experiences fourth consecutive decline in real wages despite highest pay growth in over 30 years

Thursday, Jan 09

In November, Japan's real wages fell for the fourth straight month amidst rising inflation, despite nominal pay hitting its highest increase in decades.

ECONOMY

China Faces Stagnant Consumer Inflation for Two Years as December CPI Lags

Thursday, Jan 09

China's consumer inflation remains low for two years, with December CPI at 0.1%, raising concerns over economic recovery.

ECONOMY

Dockworkers and port operators secure labor deal, averting strike impacts

Thursday, Jan 09

A labor deal between dockworkers and port operators has been reached, preventing a strike that threatened vital U.S. shipping operations starting January 15.

ECONOMY

Concerns Grow Over Rare Earth Supply Amid Resurgence of US-China Trade Tensions

Thursday, Jan 09

Fears escalate over rare earth supplies as Trump signals a renewed trade war with China, threatening crucial resources for technology and defense sectors.