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Billionaire investor Ray Dalio has stated that India has the highest growth potential among the top 22 countries in the world, comparing Prime Minister Narendra Modi to former Chinese leader Deng Xiaoping. Dalio believes that India is in a similar position to where China was in 1984, with the potential for massive reform, development, and creativity. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IrKgWU5

Shares of China Evergrande Group, the world's most indebted property developer, dropped 25% after police detained staff at its wealth management unit. The investigation adds to the company's troubles, as it is already at the center of a crisis in China's real estate sector. Evergrande has faced a string of defaults since late 2021, causing concerns about contagion and rattling global markets. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uURwr5o

The government is working on setting up the 16th Finance Commission over the next few weeks and is debating the terms of reference at a time when several states are facing financial stress and the Centre is worried over the impact of the spate of freebies announced across the country without factoring in the fiscal situation and the impact in the long run. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5fYHtQD

Indian entrepreneur Anuj Gupta's start-up, GreenVan, is attracting global investor interest with its conversational AI software that allows users to book plumbing and other services through a WhatsApp interface. Gupta's own experience of struggling to find reliable tradespeople inspired him to create the "Amazon of Services." The UK market alone is estimated to be worth $120 billion, and Gupta plans to expand to the US and eventually India. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xOfqLyb

The launch of the 'PM Vishwakarma' Scheme was met with admiration and respect from Union Finance Minister Nirmala Sitharaman, who paid tribute to the revered artisans of India while highlighting their profound impact on the nation's history and economy. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FXvOKYU

India and Brazil are in talks to resolve a sugar-related trade dispute at the WT). As part of the solution, Brazil may share ethanol production technology with India. This would help India reduce its reliance on imported oil and cut carbon emissions. India would also offer something in return as part of the mutually agreed solution. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aDPtyJc

The market valuation of TCS jumped Rs 57,300.75 crore to Rs 13,17,203.61 crore. HDFC Bank added Rs 28,974.82 crore taking its market capitalisation (mcap) to Rs 12,58,989.87 crore. The mcap of Bharti Airtel rallied Rs 28,354.73 crore to Rs 5,23,723.56 crore and that of Infosys zoomed Rs 17,680.53 crore to Rs 6,27,637.87 crore. Hindustan Unilever Limited was the only laggard from the top-10 pack. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pchmUDA