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BDO India LLP is set to open a global capability centre (GCC) in the country through a joint venture among BDO member firms spanning India, the US, the UK and Germany, senior executives said. The GCC, which will be set up in Noida, will look to recruit up to 5,000 people within the next 3-4 years, marking the latest instance of professional services firms establishing or expanding capability centres in India. The Big Four between them have more than 250,000 people working in GCCs in India. The trend is now getting reflected in smaller professional services firms like BDO which are opening GCCs in India to compete effectively on cost and quality.

Israel, Italy — which holds the rotating presidency of the group of developed nations — said. «The Italian presidency of the G7 has summoned G7 leaders for a video conference early this afternoon», the government said as Prime Minister Giorgia Meloni condemned the attack and said she feared «destabilisation of the region».

German Chancellor Olaf Scholz has arrived in China on a visit focused on the increasingly tense economic relationship between the sides and differences over Russia's invasion of Ukraine

Booms and air raid sirens have sounded across Israel after Iran launched hundreds of drones, ballistic missiles and cruise missiles in an unprecedented revenge mission that pushes the Middle East closer to a regionwide war

Middle East closer to a regionwide war. More than 200 drones along with ballistic and cruise missiles were sent towards Israel. The US forces extended support to Israel by shooting down ‘nearly all’ drones and missiles, while pledging to convene G7 meeting to develop a unified response.

Israel early Sunday after Iran launched hundreds of drones, ballistic missiles and cruise missiles in an unprecedented revenge mission that pushed the Middle East closer to a regionwide war. The attack marked the first time Iran has launched a direct military assault on Israel, despite decades of enmity dating back to the country's 1979 Islamic Revolution. Condemnation from the United Nations chief and others was swift, with France saying Iran «is risking a potential military escalation,» Britain calling the attack «reckless» and Germany saying Iran and its proxies «must stop it immediately.» The Israeli military's spokesman, Rear Adm. Daniel Hagari, said Iran fired scores of drones, cruise missiles and ballistic missiles — with the vast majority intercepted outside Israel's borders. He said warplanes intercepted over 10 cruise missiles alone, also outside Israeli airspace.

new video game this week. One can play "Harold Halibut" video game on platforms like PlayStation 5, Xbox X/S and PC. The second thing you’ll notice about «Harold Halibut» video game — after its goofy title — is its distinctive graphics. German indie studio Slow Bros. has built an entire game around hand-crafted models, and the result looks like stop-motion animation. The setting is a city-sized spaceship, the Fedora, that fled Earth 250 years earlier but unfortunately landed at the bottom of an alien ocean. Harold himself is the awkward young assistant to the ship’s chief scientist, who’s trying to figure out how to get it back into space. Will Harold help with that relaunch — or will he find himself drawn into the mystery of this strange planet? Dive in Tuesday on PlayStation 5, Xbox X/S and PC, as per an AP report.

As the Middle-East braces for potential Iranian strike, commandos from Iran's paramilitary Revolutionary Guard today rappelled down from a helicopter onto an Israeli-affiliated container ship near the Strait of Hormuz and seized the vessel. U.S. President Joe Biden had said on Friday he expected Iran to attack Israel «sooner, rather than later» and warned Tehran not to proceed. Israel did not claim responsibility for the airstrike on April 1. But Iran's supreme leader, Ayatollah Ali Khamenei, said Israel «must be punished and shall be» for an operation he said was equivalent to an attack on Iranian soil.

markets retreated despite a tech-fueled rebound on Wall Street the day before. Oil prices were higher. The future for the S&P 500 slipped 0.1% while that for Dow Jones Industrial Average edged 0.1% higher.

Iran planning to attack Israel in next 24 hours? Here's what new report says On Friday, the US President said he expected Iran to attack Israel "sooner, rather than later". Biden also explicitly defended Israel by saying, "We will support Israel. We will help defend Israel and Iran will not succeed".

Asked by reporters about his message to Iran, Biden said simply, «Don't,» and he underscored Washington's commitment to defend Israel. «We are devoted to the defense of Israel. We will support Israel. We will help defend Israel and Iran will not succeed,» he said.

Paris FC, perpetually under the shadow of the city's star club Paris St-Germain, has been getting 'good results' since it started the move five months ago. This, after Germany's 2nd div side Fortuna Dusseldorf introduced the practice. Money these clubs lose on ticket sales is made up by fuller stands that bring in greater merchandise and sponsorship revenue.

is a banned terrorist outfit. Prabhpreet Singh is accused of recruiting and funding a terrorist module in Germany. Punjab Police's State Special Operation Cell arrested the banned Khalistan separatist organisation's operative.

Also Read: Chinese Investors Snap Up Copper, Gold Stocks to Drive 10% Gains In the USA, manufacturing grew for the first time in one-and-a-half years in March, with significant increases in production and new orders. Similarly, China's manufacturing activity expanded for the first time in six months in March, signaling a recovery despite ongoing challenges in the property sector. However, analysts are anticipating that China will announce more stimulus measures to revive the challenges in the housing sector, which could further fuel demand for metals.

GmbH's global chief of sales and services Rudolf Klotscher said India is the company's second largest emerging market alongside Turkey and is a «huge focus» country. The Euro 14.8-billion company, which sells Bosch and Siemens brands of refrigerators, dishwashers and kitchen appliances, has reported a double-digit growth in India in several categories such as built-in appliances and dishwashers when the Indian market is growing at 7-8%. Klotscher did not share the overall revenue numbers or company's revenue growth in India “The potential for the future in India is very big. There are 1.4 billion potential customers in India," Klotscher told ET on the sidelines of BSH’s annual global press meet held virtually on Thursday.

FUNDAMENTALS

The European Central Bank has opened the door for an interest rate cut as early as its June meeting

U.S. stocks are drifting, a day after tumbling on worries that interest rates may stay high for a while

Lufthansa and a union representing cabin crew have reached a pay deal, concluding the last of several major disputes that have led to recent strikes at Germany’s biggest airline and in the country’s wider aviation sector

tourists back to the Maldives, a major tourism body here has announced that it will hold road shows across key Indian cities. A full-blown backlash was directed at the Maldives following derogatory remarks against India and Prime Minister Narendra Modi on social media by three Maldivian officials after Modi posted photos and video of the pristine Lakshadweep Islands on India's west coast on January 6 on his X handle. Scores of Indians, including multiple celebrities, cancelled their reservations and dropped plans to visit Maldives. The tourism arrival statistics reflected how from being a top visitor country, India's position went down to first fifth and now at the sixth position after January.

The insolvency administrator of Germany’s only remaining major department store chain says it is set to get new owners after its third spell in bankruptcy protection in four years