Tourism has been a major source of forex for Sri Lanka. Prior to the pandemic, Sri Lanka's annual earnings from tourism had reached close to US$ 4.3 billion. The advent of the pandemic has reduced this to about US$ 500 million in 2021. This sharp decline has been one of the major factors in the current forex crisis. ...
As the tech and startup sector gets hammered by economic meltdown, more that 22,000 workers in the sector have lost jobs in 2022, along with more than 12,000 in the Indian startup ecosystem....
Elon Musk-run Tesla has been hit by about 18 per cent drop in EV deliveries in the second quarter (Q2) this year amid supply chain woes and China lockdowns....
Enhanced cooperation between India and Bangladesh can go a long way in strengthening their position in the apparel industry and making South Asia the hub for apparel and textile innovations, Bangladesh's High Commissioner H.E Muhammad Imran said here on Saturday....
T. Raja Kumar of Singapore has been appointed as the president of Financial Action Task Force (FATF), the anti-money laundering watchdog....
US-based investment firm Sequoia Capital is reportedly raising new funds worth $2.25 billion from potential VCs in the funding winter....
As customers delay purchasing electric two-wheelers amid fire incidents, Ola Electric again saw its registration dipping in the month of June, taking the company to fourth place in the overall category. ...
Ever heard of a sectoral regulator giving targets for the industry as a whole and also for the individual players?...
The share of large borrowers for scheduled commercial banks (SCB) has declined in...
As large parts of central and northwest India witnessed delayed monsoon, sowing for Kharif season's mainstay rice and oil seeds has decreased compared to last year, even as that for pulses and coarse cereals has increased, even if slightly, government data showed on Friday. ...
