2024 Financial News

The release of “Dune: Part Two,” one of the fall’s most anticipated films, has been postponed from November until next near

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Spending of Indians via  credit cards abroad will likely be brought under the Liberalised Remittance Scheme (LRS) in FY25 after the general elections in May next year if the Narendra Modi government is voted back to power, sources told FE.

Also read: Chandrayaan-3 Moon Landing Successful | LIVE Updates: NASA congratulates ISRO, says ‘glad to be partner in the mission' Candidates like businessman Vivek Ramaswamy used the event to introduce themselves to a broader audience and make their case for potential positions in a future Trump administration. Trump's absence from debates had precedent, as he similarly skipped one in Iowa in 2016, allowing his closest rival at the time, Ted Cruz, to face the heat alone.

Joe Biden slammed Republican candidate Vivek Ramaswamy for calling climate change a hoax. “I’m the only candidate on stage who isn’t bought and paid for, so I can say this," Ramaswamy said, though he caught some shade. “climate change is a hoax … The reality is more people are dying of bad climate change policies than they are of actual climate change." Ramaswamy’s remarks were booed by the crowd and criticised by several leaders including the US president.

It may be August but next year’s initial public offering pipeline is already revving up.

Milwaukee, Aug 24, 2023 -Eight Republican presidential candidates faced off for the first debate of the 2024 election cycle Wednesday — with frontrunner Donald Trump stealing the spotlight despite spurning the showdown. The event in Milwaukee, Wisconsin, started minutes after a pre-recorded interview with Trump was released on Twitter.

rice fortification programme before the scheduled target of March 2024, a top food ministry official said on Tuesday. Prime Minister Narendra Modi, in his Independence Day address in 2021, said the government aims to distribute fortified rice via the government schemes by 2024. Thereafter, a scheme for the distribution of fortified rice, containing prescribed micronutrients (Iron, Folic Acid, Vitamin B12) was launched in October 2021 in a phased manner in order to address the problem of anaemia in children and women. In April 2022, the Cabinet Committee on Economic Affairs (CCEA) approved the supply of fortified rice throughout the Public Distribution System (PDS), Integrated Child Development Services (ICDS), Pradhan Mantri Poshan Shakti Nirman-PM POSHAN (erstwhile Mid-Day Meal Scheme) and other welfare schemes in all states and Union Territories (UTs) by 2024 in a phased manner. The entire cost of rice fortification, which is around Rs 2,700 crore per annum, would be borne by the Centre as part of the food subsidy till its full implementation up to June 2024. «We had planned to complete the universalisation of fortified PDS rice by March 2024.

Prabhudas Lilladher has trimmed its 12-month Nifty target to 20,735 from 21,430 valuing the index at a 12 per cent discount to 10-year average PE (price to earnings ratio) of 20.7 times, and said that the coming months will be a real test for the economy and markets due to the EL Nino impact on inflation as food inflation and a feeble possibility of interest rate cut. The brokerage firm has trimmed the Nifty target primarily because of a cut in earnings and expects markets to consolidate ahead of the 2024 elections.

aviation sector. Despite domestic and international flights returning to pre-pandemic levels, jet fuel consumption has struggled to keep pace in 2023. This could be attributed to the slow resurgence of long-haul travel and persistent challenges faced by the beleaguered airline industry.

Honor had stopped selling its smartphones in India and reportedly retreated last year amid limited marketing budget and less prudent portfolio management. «India was never a focus market for the Huawei Technologies-owned Honor until 2020 — when it was forced to spin-off the brand and reassess strategy,» said Neil Shah, vice president at Counterpoint Research.

Donald Trump described India as a ‘tariff king’ and in May 2019, terminated India's preferential market access alleging that the country has not given the US equitable and reasonable access to its markets. In an interview with Fox Business News, Trump heavily came down on Indian tax rates which he said were ‘quite high’ to over 100 percent. “The other thing I want to have is a matching tax where, if India charges us -- India is very big with tariffs.

5G networks in India from the second half of 2024, said a senior executive of Finnish telecom gear maker Nokia. «You will see some early adopters this year, and then I think by the second half of 2024, there will be a big growth in the enterprises,» said Sanjay Malik, head of the India market for Nokia. He was speaking at ETTelecom's fourth edition of Digital Telco event — 2023, organised with the TRAI Centre for Studies and Research.

Indian market, reported GaadiWaadi. The redesigned version has been observed undergoing extensive testing as it prepares for its debut in early 2024. According to the report from the publication, the upcoming iteration of the Creta is positioned to make a distinct entrance, potentially bringing a transformative touch to the market through its improved features and aesthetic enhancements.

Congress workers as well as leaders are demanding that Rahul Gandhi contest from the constituency in the 2024 Lok Sabha polls, the party's Uttar Pradesh chief Ajay Rai said. Former Congress president Rahul Gandhi had contested the 2019 general elections from Amethi in Uttar Pradesh and Wayanad in Kerala. He lost Amethi to BJP leader Smriti Irani.

music festival Lollapalooza will return to India with its second edition, set to be held in January 2024, the organisers announced Friday. The music festival will take place on January 27 and 28 at the Mahalaxmi Race Course here, a press release stated.

Lok Sabha Elections, according to media reports citing newly appointed President of the Uttar Pradesh Congress Committee, Ajay Rai. "Rahul Gandhi will contest from Amethi in the 2024 Lok Sabha elections," Ajay Rai said. Notably, Rahul Gandhi had lost the Amethi seat to Bhartiya Janata Party (BJP) leader and Union Minister Smriti Irani in the 2019 Lok Sabha Elections.

Investing.com — Estée Lauder (NYSE:EL) has delivered annual profit and net sales forecasts that were under market expectations, in a sign that the beauty giant is facing a slower-than-anticipated recovery in its travel retail business in China.

₹10,000 crore industry in India but if the unorganized segment is included, the industry size could be ₹5 trillion.

Melanie Joly says Canada has been considering a “game plan” for how it would respond if the United States takes a far-right, authoritarian shift after next year’s presidential elections.“We are certainly working on scenarios,” Joly said in French during an interview with a Montreal radio station Wednesday.Joly added that Ottawa’s close political and economic ties to the U.S. means that “we must certainly prepare several scenarios.”She suggested Canada has a game plan in mind but wouldn’t get into details.“In general, there is our game plan, precisely to be able to manage what could be a rather difficult situation,” she said.“I will work with my colleagues and with the mayors, the provincial premiers, with the business community, with the unions, with everyone in the country, so that we are ready regardless of the election outcome.”Joly drew an analogy to her government’s experience working with the administration of former U.S.

Elon Musk on Thursday called entrepreneur Vivek Ramaswamy a ‘promising candidate’ for the 2024 US presidential election. He responded to a clip of Ramaswamy, shared on X (formerly Twitter), on Tucker Carlson’s online show. “He is a very promising candidate," said Elon Musk in a post on X.