India's merchandise exports are poised to surge to $450 billion by the end of this fiscal year, despite facing geopolitical hurdles such as the Red Sea crisis, as stated by Ashwani Kumar, the newly elected president of the Federation of Indian Export Organisation (FIEO).

India's exports set to hit $450 billion despite Red Sea crisis, FIEO president optimistic

In a recent report by the Reserve Bank of India (RBI), the country's economic prospects have been painted with a bright hue, forecasting sustained GDP growth of 8 per cent.

RBI foresees 8 pc growth amid global slowdown, signals shifts in consumer demand

India's direct tax collection has witnessed a significant surge, reaching a staggering ₹18.9 trillion (approximately $227 billion), marking a strong 20 per cent increase as reported by the Central Board of Direct Taxes (CBDT).

India's direct tax collection soars, hitting $227 billion mark

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. India's direct tax collection soars, hitting $227 billion mark India's direct tax collection has witnessed a significant surge, reaching a staggering ₹18.

WION Business Wrap | India’s direct tax collection rise, Airbus CEO's concern over Boeing and more

In a strategic move, the founding family of Nordstrom Inc is reportedly exploring the possibility of taking the US department store operator private, Reuters quoted sources familiar with the matter.

Nordstrom family mulls privatisation amid retail turmoil

Margrethe Vestager, the European Union's antitrust chief, issued warnings to tech giants Apple and Meta Platforms regarding their new fee structures and practices that may undermine competition and consumer choice.

EU antitrust chief warns Apple, Meta over fees and disparagement of rivals

As Boeing explores a potential acquisition of Spirit AeroSystems, discussions are underway regarding the fate of Spirit's ties to Airbus, posing complexities for Boeing's strategic plans.

Boeing's potential acquisition of Spirit AeroSystems raises questions over ties to Airbus

Following the removal of additional stamp duties on foreign buyers, mainland Chinese investors are flocking to Hong Kong's property market, marking a significant shift after a prolonged period of subdued activity.

Mainland Chinese investors flood Hong Kong property market. Here’s why

The global commodity trading industry witnessed a stellar performance, raking in profits exceeding $100 billion, marking its second-best year on record, Bloomberg News reported.

Commodity trading industry boasts second-best year ever with over $100 bn in profits

Nvidia, spearheaded by CEO Jensen Huang, showcased its latest technological marvels at the annual developer conference, reinforcing its stronghold in the artificial intelligence (AI) industry.

Nvidia unveils B200 AI chip, fortifying market dominance in the AI industry

Egypt's economy receives a substantial boost as the World Bank announces a hefty aid package exceeding $6 billion. According to a Bloomberg report, this injection of funds propels Egypt's global bailout efforts to over $50 billion in recent weeks, signalling a renewed confidence in the nation's economic recovery.

Egypt's Economic Resurgence: World Bank unleashes $6 bn aid package

China's real estate giant, Evergrande, and its founder, Hui Ka Yan, are ensnared in a $78 billion fraud scandal. According to reports, the allegations, accusing Evergrande of inflating revenues over two years, have prompted swift regulatory action, with the China Securities Regulatory Commission (CSRC), slapping Evergrande's mainland entity, Hengda Real Estate, with a record $583.

Evergrande’s Scandal: China's property giant accused of $78 bn fraud

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