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Day: 5 April 2024

India seeks $100 billion a year in FDI as it woos China hedgers

[ad_1] India aims to attract at least $100 billion a year in gross foreign direct investment, a top official said, as the South Asian nation courts investors looking to diversify away from China.“Our target is that we will average at least $100 billion over the next five years. The trend is very positive and upward,”…

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Reserve Bank leads surge in gold reserves amid global central bank slowdown

[ad_1] NEW DELHI: The Reserve Bank of India (RBI) stood out with its continued accumulation of gold reserves. Weekly data from the RBI revealed a 6-tonne increase in gold holdings in February alone.This brings the total year-to-date buying by the RBI to over 13 tonnes, with total gold reserves now reaching 817 tonnes.India’s consistent efforts…

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From coolers to power generators: These stocks may emerge winner this summer

[ad_1] Predictions of scorching heat across India are giving fresh fodder to traders as they hunt for stocks that can outperform in an overvalued market.Shares of air cooler makers and power generators rallied this week after the nation’s weather agency warned of hotter-than-usual temperature through the end of June. The sectoral advance comes amid concerns…

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China Pitches Hypersonic Missiles To Fight ‘Menacing’ USVs As Ukrainian Drone Boats Haunt Russian Navy

[ad_1] The sustained effectiveness of Ukrainian unmanned surface vessel (USV) attacks on Russian naval facilities and vessels has made the world aware of how dangerous these drone boats can be. China has been watching the Ukraine war closely since the beginning and has taken notice of the USV attacks.  US Navy Set To Induct ‘Deadliest’…

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‘Was it to keep Dhoni indoors?’: Former India batter after Cummins withdrew ‘obstructing the field’ appeal against Jadeja | Cricket News

[ad_1] NEW DELHI: Sunrisers Hyderabad skipper Pat Cummins withdrew an appeal for obstructing the field against Chennai Super Kings’ Ravindra Jadeja in a dramatic turn of events during the Indian Premier League match at Rajiv Gandhi International Stadium in Hyderabad on Friday, sparking a debate among cricket pundits.The incident happened in the 19th over of…

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Boeing CEO’s 2023 pay rose 45% before blowout sparked crisis

[ad_1] Boeing Co chief executive officer Dave Calhoun’s total compensation jumped 45% to $32.8 million last year, boosted in large part by a retention bonus intended to keep him in the job through 2025 — before a dramatic aircraft accident exactly three months ago upended that plan. Stan Deal, who ran Boeing’s commercial airplane division,…

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Mark Zuckerberg’s wealth exceeds Elon Musk’s for the first time since 2020

[ad_1] Mark Zuckerberg passed Elon Musk on Friday to become the third-richest person in the world, the first time since 2020 the arch-rival billionaires have held those positions.Musk, who ranked first on the Bloomberg Billionaires Index as recently as early March, fell to fourth after Reuters reported Tesla Inc. had canceled plans for a less-expensive…

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US Air Force reveals the civilian contractor who walked into the propeller was ‘incorrectly instructed’

[ad_1] At Gray Butte Airfield in California, Stephanie Cosme, a 32-year-old civilian contractor for the US Air Force, lost her life on September 7th last year as a result of an accident. As she got caught up in the data recording, she started to lose her sense of direction and ended up being killed by…

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Taiwan earthquake: How the island’s two-decade preparation saved it

[ad_1] By Rupert Wingfield-Hayes BBC News, Hualien 1 hour ago To play this content, please enable JavaScript, or try a different browser Video caption, The impact of the 7.4 magnitude earthquake in Taiwan When disasters happen, particularly when big earthquakes strike, the world’s media is drawn like flies to the most dramatic destruction. It is…

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Original Superman comic from 1938 sells for $6 million at auction

[ad_1] An original print edition of the comic book that introduced Superman sold at auction this week for a record-breaking $6 million. The sale happened on Thursday, kicking off a four-day rare comic book auction organized by Texas-based Heritage Auction. The auction house described the rare find, Action Comics No. 1, published in June 1938, as one…

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