Cooper Financial News

New Delhi: Emmanuel Bonne, diplomatic adviser to French President Emmanuel Macron, called on Prime Minister Narendra Modi in New Delhi on Thursday, with the latter highlighting the close cooperation between the two countries in various areas. According to the prime minister’s office, Bonne briefed Modi on the progress in various areas of bilateral cooperation in the context of PM’s forthcoming visit to France.

Treasury Secretary Janet Yellen landed in Beijing Thursday on a four-day trip aimed at finding common ground as rivalry between the U.S. and China becomes increasingly adversarial.

Enforcement Directorate in a money laundering case in connection with the Maharashtra State Cooperative Bank (MSCB). The case pertains to an alleged scam in the Sahakari Sakhar Kharkhana (cooperative sugar factories) and Sahakari Soot Girnis. “A loan of ₹826 crore given by Pune District Central Cooperative Bank and other banks for a mortgaged property of Jarandeshwar SSK Ltd goes to prima facie show that the assets of Jarandeshwar SSK were acquired by the close associates of Ajit Pawar at throwaway prices," the court said.

By Andrea Shalal and Yew Lun Tian

PAN card has become inoperative effective 1 July 2023. PAN is mandatory for a host of financial transactions including the opening of banks, demat accounts, and depositing of cash in a bank account. "Non-linking of PAN and Aadhaar may affect making large deposits and withdrawals or getting loans/credit cards.

Also read: President Murmu conferred Suriname's highest civilian award S. K. Bole Road: S.

National Education Policy (NEP) 2020 recommends that "high performing Indian universities will be encouraged to set up campuses in other countries". The campus, named IIT Madras at Zanzibar, is set to commence operations in October 2023 and will initially admit 50 undergraduate students and 20 master's students.

Tokayev addressing the Shanghai Cooperation Organization (SCO) Summit on Tuesday suggested that the main task of the SCO countries should be to prevent a geopolitical rift between East and West. The Kazakh President proposed to the SCO Council of Heads of Government to consider establishing a joint Investment Fund.

Oil prices moved little in early Asian trade on Thursday as the prospect of tighter supply with output cuts from Saudi Arabia and Russia and a bigger-than-expected drop in U.S. crude stocks were offset by worries over a sluggish demand recovery in China. Brent crude futures was down 2 cents to $76.63 a barrel by 0038 GMT after settling up 0.5% the previous day.

By David Lawder

India's Deputy National Security Advisor Vikram Misri is in Iran with an aim to promote freight transit through the International North-South Transport Corridor (INSTC) and extend the usage of Chabahar Port, India's first foreign port project. Iran is a key partner in India's extended neighbourhood and Misri's visit coincides with the country's entry into the Shanghai Cooperation Organisation (SCO).

₹10,800 crore. On 10 May, the NCLT Delhi admitted the plea and declared a moratorium for the company. The suspended board of directors were directed to cooperate with the Insolvency Resolution Professional (IRP) to avoid layoffs.

coronavirus pandemic in 2020, the report stated. Among the developing countries in Asia, incoming FDI was highly concentrated in a few countries, namely, China (and Hong Kong), Singapore, India, and United Arab Emirates (UAE), which together accounted for about 80% of inflows into the region.

Visakhapatnam to further expand their overall military cooperation. The Indian Navy is hosting the seventh edition of the Japan-India Maritime Exercise (JIMEX) and this edition marks the 11th anniversary of wargame since its inception in 2012.

₹1 trillion, three times of the figure nine years ago. Dividends paid to the government, their major shareholder, have been handsome. The finance minister justifiably rattled off a list of impressive statistics recently on the sector’s health.

Ontario needs to incentivize the development and preservation of a range of affordable housing options as high housing costs limit buying power and fuel migration out of the province, a business group says.

New Delhi: The Ministry of Home Affairs on Wednesday announced the launch of the “Scheme for Expansion and Modernization of Fire Services in the States" with a total budget of Rs. 5,000 crore.  The scheme, part of the preparedness and capacity building funding window under the National Disaster Response Fund (NDRF), aims to strengthen fire services across the country.  Out of the allocated amount, Rs.

Taipei Economic and Cultural Center (TECC) in India's financial capital Mumbai in sync with the broader aim of expanding overall cooperation between the two sides. Taiwan's decision to set up the TECC in Mumbai came at a time when leading Taiwanese companies are increasingly looking at relocating their production bases from China to India, the US and countries in Europe amid Taipei's increasingly tense relations with Beijing.

The Centre aims to procure 2.6 million tonnes (mt) coarse grains or millets in the coming 2023-24 Kharif marketing season and distribute 2.2 mt.  A comprehensive strategy to increase the procurement of coarse grains was discussed and formulated during a conference of all states’ and union territories’ ministers under the chairmanship of Union food minister Piyush Goyal in New Delhi today.   “This strategic focus on coarse grains or millets reflects a broader objective to strengthen the nutritional security of the beneficiaries. It is projected that a total of 26.14 Lakh Metric Tonnes (LMT) of coarse grains would be procured in Kharif Marketing Season (KMS) 2023-2024, while the expected distribution would be 22.31 LMT," an official statement said.  The food department highlighted the scale of, and reforms in, procurement process of foodgrains which is key to providing food security and stability to domestic prices of foodgrains.  A millet exhibition showcasing various millet products was held on the side-lines of the conference to promote consumption of the coarse grains.  Appreciating the efforts of the State and UT governments for procuring and distribution of foodgrains, Goyal said they should work together with the Centre in the spirit of cooperative federalism.

New Delhi: The seventh edition of the bilateral Japan-India Maritime Exercise 2023 (JIMEX 23) hosted by the Indian Navy, is being conducted at/ off Visakhapatnam from 5 -10, July 2023, the ministry of defence said in a statement. This edition marks the 11th anniversary of JIMEX, since its inception in 2012, it added.

India said no to China’s Belt and Road Initiative at the SCO summit. India continued its policies towards BRI which are largely seen as the mechanism for economic trade expansions based on clumsy and hideous terms of financial transactions.