Cooper Financial News

NEW DELHI : Inward foreign remittances to India grew 26% in the last financial year to $112.5 billion, clocking its highest growth in the last five years amid a rebound in economic recovery after the pandemic, showed latest data from the finance ministry. Inward foreign remittances stood at $89.1 billion in FY22, $80.2 billion in FY21, $83.2 billion in FY20, and $76.4 billion in FY19.

Indian Air Force (IAF) will host a mega multilateral military exercise next year that was originally planned for October. The exercise, 'Tarang Shakti', is likely to be held in the middle of 2024 as a number of participating air forces conveyed to the IAF that they will not be able to join the wargame if it is held this year, sources in the defence and military establishment said on Wednesday. The exercise is expected to witness participation of around 12 air forces and the focus of the wargame will be to improve military cooperation and enhance interoperability, they said. It will be the biggest air exercise being organised in India. It is learnt that air forces of France, the UK, Australia, the US and Japan would participate in the exercise.

Sabyasachi Das, an assistant professor at Ashoka University, resigned following a controversy over his research paper, Pulapre Balakrishnan, another professor in the economics department, has put in his papers. Das' colleagues have written to the Governing Body threatening a faculty exodus if he is not offered reinstatement. The English and Creative Writing departments have also extended their support to the demand.

₹5,300-5,400 to ₹5,925-6,200 a quintal in 20 days in Delhi wholesale markets as demand picks up pace ahead of Ganesh Chaturthi. Chana stocks with National Agricultural Cooperative Marketing Federation of India (NAFED) and state agencies are in reasonably better shape than those of other pulses such as tur (pigeon pea) and urad (black gram). Mint explains why prices of chana are rising despite surplus production.

Depp v. Heard offers an exploration of the widely discussed courtroom trial in 2022, involving Johnny Depp and Amber Heard. As you consider diving into this documentary, it's advisable to read the reviews beforehand.

China, an upper riparian nation, has built roughly eight hydroelectric power projects (HPPs) on the lower levels of the Brahmaputra; some of them are currently operational, others are being built, and one mega-dam is being considered, according to the Daily Mirror. According to Beijing's 14th Five-Year Plan (2021-25), the 9th projected 60 GW HPP could be constructed at the Great Bend in Motuo County of Linzhi Prefecture, Tibet.

NEW DELHI : The government will set up agriculture-focused cooperative societies in every village where one doesn’t exist now, and will develop them into multi-sector units, giving a major fillip to the cooperative movement, NITI Aayog member Ramesh Chand said. “A big movement toward rural cooperatives is happening. The government plans to set up one cooperative in agri-business in every village, where they are not there.

NEW DELHI : India and the Philippines are looking to step up defence ties after the Southeast Asian nation’s high-profile purchase of a BrahMos missile. Negotiations on a defence line of credit have picked up, according to persons aware of the matter.

NEW DELHI : India and the Philippines are looking to step up defence ties after the Southeast Asian nation’s high-profile purchase of a BrahMos missile. Negotiations on a defence line of credit have picked up, according to persons aware of the matter.

Foxconn sees potential of investing several billions of dollars in India if it gets to completely implement its plan, a top official of the company said. Hon Hai Technology Group (Foxconn) Chairman and CEO Young Liu during the company's second quarter earnings call on Friday said that the company's Indian arm has achieved the turnover of close to $10 billion on an annual basis and there is a lot of investment potential in India. «Foxconn annual revenue was $200 billion.

By LC Mittal

Prosecutors say they'll use testimony from FTX founder Sam Bankman-Fried's “trusted inner circle” of former executives at his collapsed cryptocurrency empire against him at an October trial

Red Fort on Independence Day, Prime Minister Narendra Modi on Tuesday said that India has emerged as a confident nation in the last 10 years, and now even at the international level, it is known as the voice of the Global South and a critical part of global supply chains. Modi, with his eyes firmly focused on the slew of Assembly elections in the next few months as well as the 2024 Lok Sabha polls, said that he was giving a report card of the last 10 years under the shadow of the Tricolour. “We have left behind an old school of thought and whatever projects I am inaugurating today were conceptualised in the last 10 years.

Nestlé USA has taken swift action to recall specific batches of Nestlé Toll House Chocolate Chip Cookie Dough «break and bake» bars due to reports from consumers regarding the presence of wood fragments in the product.

Checking migration from border villages, which lack opportunities in education, health and employment, is the focus of those in charge of implementing the Centre's Vibrant Villages Programme. «We have a primary school in our village, but the middle school is 32 km away. There are no medical facilities, roads or employment opportunities.

China on Monday asserted that its «ironclad friendship» with Islamabad will always remain «rock-firm and unbreakable» irrespective of any changes in the international landscape and the domestic situation in Pakistan, as it congratulates Anwarul Haq Kakar on his appointment as caretaker prime minister. Earlier in the day in Islamabad, 52-year-old Kakar, an ethnic Pushtun leader who is considered close to the powerful military, was sworn in as Pakistan's caretaker prime minister to head a neutral political set-up to run the cash-strapped country and conduct the next general elections.

₹5.00 lakh on Baroda Gujarat Gramin Bank, Vadodara (Gujarat) for contravention of directions issued by NABARD on ‘Frauds - Guidelines for Classification, reporting and Monitoring of Frauds’. The bank did not report five fraud cases to NABARD within prescribed timeline, resulting in contravention of aforesaid directions issued by NABARD.

NCCF and NAFED to sell tomatoes at a reduced rate of Rs 50 per kilogram from Tuesday in view of the decline in prices in the wholesale markets. Since July, both NCCF and NAFED have been selling tomatoes at a discounted rate on behalf of the consumer affairs ministry in Delhi-NCR, Uttar Pradesh, Rajasthan and Bihar to boost domestic availability and contain price rise. Initially, the ministry had asked the two cooperatives to sell tomatoes at a subsidised rate of Rs 90 per kg and later reduced the price to Rs 80 per kg.

Defence Minister Li Shangfu will visit Russia and Belarus this week, his ministry said on Monday, as relations between Beijing and Moscow flourish with high-level visits and phone calls. Ties have remained warm in recent years, with China refusing to speak out against Russia's widely condemned invasion of neighbouring Ukraine.

by Dr. Vivek Lall

airport during specific hours in the morning and evening on August 15, official said as reported by news agency PTI. However, there will be no impact on movement of scheduled flights on 15th August at the airport.