Switzerland’s decision that took effect on January 1, 2024 has resulted in abolition of tariffs on products, including chemicals, consumer goods, vehicles, clothing.
The event is expected to witness 1,00,000-plus participants, more than 1,300 delegates, over 400 speakers, 225-plus exhibitors and 400 startups this year. In total, there will be participation from 31 countries.
With GDP per capita only $2,500 per capita (as against $12,700 for China) and positive demographic trends, India is arguably at the start of a long wave boom at the same time as China may be ending one, Morgan Stanley said.
The benchmark Sensex gained 0.45 per cent, or 302.3 points, to settle at 67,097.44 for the first time. This was the fifth straight trading session when the Sensex ended at a new peak.
Broader markets also extended losses, as all indices closed in negative.
The Mumbai-based, Wadia group airline, which filed for voluntary insolvency, blamed P&W for the same stating that the US-based engine maker refused to comply with an award issued by the emergency arbitrator earlier.
The prices shot up reflecting the overall higher risk averseness of investors with the rising interest rates.
In a remarkable day for Indian equities, the combined market valuation of all listed companies on the BSE reached the USD 4-trillion milestone for the first time ever on Wednesday.
After a five-day winning run, selling pressure emerged in energy, banking and IT counters on Friday, which dragged indices lower, traders said.
The changes in constituents of the MSCI Global Standard Indexes will take place as of close of August 31, 2023, according to an announcement by index compiler MSCI on Thursday.