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The International Monetary Fund raised India’s GDP progress for FY25 by 30 basis factors to six.8%, up from the earlier prediction of 6.5% in January. Former RBI Governor Raghuram Rajan highlighted the importance of bettering the country’s human capital and skillsets to reap the advantages of its demographic dividend. Ravi Kumar Singisetti assumed management of Cognizant on January 12, 2023, following the departure of former CEO Brian Humphries. The funding will be primarily directed in the direction of establishing a new manufacturing facility within the nation. Binance has reportedly paid a penalty of $2 million and will come back as an entity registered with the Financial Intelligence Unit of the finance ministry.
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Moreover, Patrick Pouyanné announced that TotalEnergies intends to drill the first deepwater exploration well on the PPL 576 license in 2025. A Vietnamese real property tycoon was sentenced to dying Thursday in the country’s biggest-ever financial fraud case, a shocking development in an intensifying anti-corruption drive within the southeast Asian nation. With a cost-of-living crisis, inflation and higher interest rates plus world financial headwinds, Rachel Pupazzoni appears at the week in business and finance. Stay updated with the most recent business, markets and financial news and insights as Australia and the world navigate turbulent financial times.
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Sign up for distinctive perspectives and unique reporting from the magazine’s renowned journalists, every weekday. Analysis – Policy adjustments, a gradual OCR rate, low development costs, and the excessive price of house possession are impacting a “flat” housing market. Crowdfunding funding service Equitise has misplaced its licence to function.