Makhtar Diop, managing director of IFC, plans to expand India’s focus to include blue bonds for water and support municipalities in raising funds. He highlights the strong growth in India’s IFC portfolio and aims to continue annual investments of $4-5 billion while addressing job creation, energy transition, and financial sector improvements.
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Due to the ongoing Israel-Iran conflict, flights are avoiding airspace in Israel, Iran, Iraq, and Jordan. However, GPS spoofing is causing confusion with flight tracking systems showing incorrect routes. Airlines, including Lufthansa, are using alternative navigation methods to ensure safety and proper routing.
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India’s forex reserves hit an all-time high of $704.8 billion, driven by a surge in foreign assets and gold reserves. This milestone makes India the fourth country to achieve such reserves, highlighting robust capital flows and the effective tenure of RBI Governor Shaktikanta Das.
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Shoppers favored mobile phones and electronics in the initial week of online festive sales, with platforms like Amazon and Flipkart achieving over Rs 54,500 crore in sales, a 26% increase year-on-year. High-end smartphones, including iPhone 15 and Samsung’s Galaxy S23 FE, were popular. Premium consumer durables also saw significant demand, especially via EMI purchases...
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India faltered in their crucial Women’s T20 World Cup opener as New Zealand, led by Sophie Devine’s unbeaten 57, secured a commanding 58-run win. Devine’s tactical acumen and New Zealand’s effective use of slow bowlers dismantled India’s line-up in 161 chase, highlighting significant gaps in execution.
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A peacock has been sighted in Bageshwar’s Himalayan region, far above its usual lower-altitude habitat, suggesting possible climate change effects. Wildlife experts investigate this anomaly, noting that shifts in weather patterns may be altering animal migration and leading species to new territories.
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