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Just in:   • India’s infrastructure sees rapid progress in last decade as capex surges: FM Sitharaman  • India embraces cashless revolution in last 11 years: Nirmala Sitharaman  • Indian stock market opens in green, IT and PSU banks lead  • India now has 1.76 lakh registered startups, 118 unicorns: FM Sitharaman  • Centre’s wheat procurement at MSP rises to three-year high  Last updated: 21 May, 2025    Global Business South Korea's economy shrinks 0.2 pc in Q1 IANS | 05 Jun, 2025 The South Korean economy contracted 0.2 per cent in the first quarter of this year, unchanged from an earlier estimate, central bank data showed Thursday, due mainly to a domestic political crisis and uncertainties stemming from U.S. President Donald Trump's administration's aggressive tariff scheme.    Read more.... Reviving economy top agenda for Lee amid US tariffs, weak domestic demand IANS | 04 Jun, 2025 Facing the dual challenges of the United States' aggressive tariff scheme and sluggish domestic demand, President-elect Lee Jae-myung is expected to prioritise securing a favourable trade deal with Washington and implementing measures to revitalise the stagnant economy through supplementary budgets and the promotion of advanced industries, experts said on Wednesday..    Read more.... 41 conglomerates under tight scrutiny on heavy debts: South Korea IANS | 29 May, 2025 South Korea's financial watchdog said on Thursday it has placed 41 highly indebted conglomerates under closer watch for debt reductions. .    Read more.... US calls for 'fair and reciprocal' trade access in talks with India IANS | 29 May, 2025 A senior US diplomat stressed the importance of "fair and reciprocal market access" in discussions with his Indian counterpart, who came amidst ongoing talks on a trade agreement between the two sides..    Read more.... South Korean, Japanese biz leaders agree to boost cooperation in AI, chips IANS | 28 May, 2025 Business leaders of South Korea and Japan on Wednesday agreed to expand bilateral cooperation in artificial intelligence (AI), semiconductors and other key sectors while supporting Seoul's efforts to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)..    Read more.... Banks' lending rates down in South Korea amid monetary easing cycle IANS | 27 May, 2025 Banks' loan rates fell for the fifth straight month in April, data showed on Tuesday, as the central bank has been on a monetary easing cycle..    Read more.... After India's objections, IMF justifies bailout package to Pakistan IANS | 23 May, 2025 Amid India’s objections to the International Monetary Fund bailout package to Pakistan, the IMF has said the debt-ridden country "met all the required targets" to receive the latest loan instalment. .    Read more.... S. Korea has competitive edge over China in UAE high-speed railway bid IANS | 22 May, 2025 The South Korean consortium has a competitive advantage in technology transfer over its Chinese rival as it vies to win the United Arab Emirates' (UAE) high-speed railway project, estimated to cost $13.6 billion, Seoul's transport minister said..    Read more.... South Korea, US to hold 2nd round of tariff talks in Washington this week IANS | 19 May, 2025 South Korea and the United States are scheduled to hold a second round of technical discussions in Washington this week regarding the latter's sweeping tariff scheme, as the two sides are working toward forging a "package" deal by early July, officials said on Monday..    Read more.... South Korea holds bilateral trade talks with 14 partners at APEC meeting IANS | 17 May, 2025 South Korea has discussed ways of enhancing bilateral economic and trade cooperation with the United States, China, Japan and several other partner nations on the sidelines of the Asia-Pacific Economic Cooperation (APEC) meeting amid heightened uncertainties in the global economic and trade landscape, the industry ministry said. .    Read more....     Customs Exchange Rates Currency Import Export US Dollar 84.35 82.60 UK Pound 106.35 102.90 Euro 92.50 89.35 Japanese Yen 55.05 53.40 As on 12 Oct, 2024   Daily Poll Do you think Indian businesses will be negatively affected by Trump's America First Policy?  Yes  No  Can't Say   Commented Stories

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