EtherealNews

The Indian stock market witnessed lakhs of new investors from Tier-2 and Tier-3 cities during the pandemic. However, this enthusiasm seems to have waned as returns from the market have flattened in recent months. From a high of 20 lakh new investors in October 2021, it has dropped to 13 lakhs in April 2022. At a time when the Covid-19 pandemic and consequent lockdowns affected the economy, the stock market was one of the very few areas where the wheels were still turning. This attracted many new investors, and a record number of new Demat accounts were opened. The future remained dark with the pandemic looming over us. The global supply chain was crippled. Yet, India’s stock market remained more stable than other markets. Finance Minister Nirmala Sitharaman said that retail investors seemed to act as shock absorbers even when foreign portfolio investors went away. S Ravi BSE Sethurathnam   Ravi , former BSE Chairman acknowledges that, foreign portfolio investments or FPIs became net se

Amazon Web Services (AWS), the cloud computing unit of the world's biggest e-commerce marketplace, has launched its second Middle East cloud region in the UAE, allowing organisations to use one of the world's biggest cloud services providers. The AWS Middle East (UAE) Region, which is located in the UAE, aims to support entrepreneurs, enterprises, the government and other entities in their operations by securely storing their data, and is projected to add about $11 billion over the next 15 years to the UAE’s gross domestic product, the company said in a statement on Tuesday. Through the new region, AWS has laid out a $5bn investment strategy in the local economy until 2036, and its projected spending on the construction and operation of the new region will support an average of 6,000 full-time jobs annually, it added. Read More : https://www.thenationalnews.com/business/economy/2022/08/30/amazon-web-services-launches-second-middle-east-cloud-region-in-the-uae/

Fruit and vegetable prices have shot up across Pakistan after flooding destroyed crops and disrupted supplies. Flash floods have washed away roads, buildings and bridges, killing at least 1,100 people so far in the country’s worst flooding in three decades. Damage to homes and infrastructure could cost more than $10 billion, the country's planning minister said on Monday. Losses to the country's key farming sector have yet to be fully assessed. In the eastern city of Lahore, close to the border with India and far from the worst floods in Sindh province, the prices of some vegetables have tripled. The Pakistani government sets prices for some fresh produce — but traders often ignore them. “Last week, I sold onions for 90 rupees a kilogram and today the government price is 300 per kg,” said vegetable seller Ahmad Ali. Read More : https://www.thenationalnews.com/world/2022/09/01/vegetable-prices-increase-as-flood-hit-pakistan-faces-food-crisis/