Cooper Financial News
04.07 / 15:01
Citi
Digital
Cooper
Extreme
Strategy
SCO Summit leads to bouquet of declarations including economic strategy & deradicalisation
SCO Heads of State Council approved the SCO Economic Development Strategy to 2030; made the decisions on completing the procedure for admitting the Islamic Republic of Iran to the Shanghai Cooperation Organisation and granting it the status of an SCO member state; signed the Memorandum of Obligations of the Republic of Belarus in order to obtain the status of an SCO member state; and on announced the city of Almaty, Kazakhstan, as the SCO Cultural and Tourism Capital in 2023–2024. In addition, the SCO Heads of State Council approved the Concept of Cooperation between the SCO Member States to decarbonise transport and promote digital transformation and innovative technologies to achieve greater efficiency and sustainability.
04.07 / 15:01
Cooper
Action
Agency
M3M money laundering case: "Drastic powers given to ED," Realty group on agency's radar tells SC
Supreme Court on Tuesday was told that the Enforcement Directorate (ED) has been given «drastic powers» in investigating money laundering cases and these powers need to be reined in. A bench of Justices AS Bopanna and MM Sundresh was hearing a batch of pleas relating to Gurugram-based realty group M3M under the Prevention of Money Laundering Act (PMLA). Senior advocate Harish Salve appearing on behalf of directors of realty group M3M said, «These are drastic powers given to the ED.
04.07 / 14:45
Provident
Cooper
Platform
Remark
International
At SCO, Iranian President calls for removal of dollar in transactions to form fair international system
Ebrahim Raisi on Tuesday said the Western hegemonic powers have jeopardised prosperity and the principles of fair trade by resorting to economic coercion and sanctions as he called for the removal of the dollar in transactions to form a fair international system. Raisi made the remarks while addressing the 23rd meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of State (CHS) presided by Prime Minister Narendra Modi via a video link as Iran became the 9th permanent member of the Beijing-headquartered economic and security bloc.
04.07 / 13:41
UPS
Cooper
Dreams
ICE
Andhra Pradesh CM lays foundation for Chittoor Dairy revival, Amul to invest Rs 385 cr
Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Tuesday laid the foundation for the revival of the now defunct Chittoor Dairy in collaboration with Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL), better known as Amul and a 300-bed CMC Vellore hospital in the district. The production at Chittoor Dairy was suspended for over 20 years mounting the debts to Rs 182 crore. It was cleared by the present government to inject new life into it.
04.07 / 13:37
Digital
Cooper
foreign
PM Modi highlighted India's contribution to SCO in meet attended by Putin, Xi: Foreign Secretary Kwatra
Prime Minister Narendra Modi chaired a virtual summit of the Shanghai Cooperation Organisation on Tuesday, highlighting India's contribution to the group over the past six years. He also stressed the need for the member nations to work together to eliminate the menace of terrorism.
04.07 / 13:13
Reuters
Cooper
Action
UN Human Right Council to host urgent meeting over Sweden Koran burning incident
Reuters reported. A spokesperson of the global human rights body also informed that it will likely conduct a debate on the issue of the rise of religious hatred later this week. The Koran burning incident in Sweden drew criticism from various quarters.
04.07 / 12:11
UPS
MET
Cooper
Fighting
Strategy
Putin says Russia is 'united as never before' at meeting of Russia- and China-led security group
Vladimir Putin claimed Tuesday that the Russian people were «united as never before,» as he sought to project confidence in the wake of a short-lived revolt, at a meeting of a rare international organization where he can find a sympathetic audience. The Shanghai Cooperation Organization meeting, hosted via videoconference by India, was Putin's first multilateral summit since an armed rebellion rattled Russia and comes as he is eager to show that the West has failed to isolate Moscow over its 2022 invasion of Ukraine.
04.07 / 11:03
Cooper
Manufacturing
Remark
China’s Xi says countries share responsibility to promote growth, opposes decoupling
BEIJING — Chinese President Xi Jinping said Tuesday that Beijing opposes «decoupling and breaking links,» according to a CNBC translation of a Chinese-language state media readout.
04.07 / 10:11
UPS
Citi
Cooper
Southern
Putin reassures Asian allies of Russia's stability after mutiny
Vladimir Putin reassured Asian leaders of Russia's stability and unity on Tuesday in his first appearance at an international forum since the country was rocked by a brief armed mutiny last month. «The Russian people are consolidated as never before,» Putin told a virtual meeting of the Shanghai Cooperation Organisation (SCO), a group that also includes China and India. «Russian political circles and the whole of society clearly demonstrated their unity and elevated sense of responsibility for the fate of the Fatherland when they responded as a united front against an attempted armed mutiny.» Putin's emphasis on Russia's unity at a meeting with key allies appeared to show how keen he is to remove any doubts about his own authority on the world stage after the short-lived mutiny led by Wagner mercenary founder Yevgeny Prigozhin late last month. Wagner fighters took control of a southern city and advanced towards Moscow on June 24, confronting Putin with the gravest challenge to his hold on power since taking over as Russia's paramount leader on the last day of 1999.
04.07 / 09:17
UPS
Cooper
Action
peace
Xi urges Shanghai alliance to 'safeguard regional peace'
Xi Jinping urged Russian, Iranian and other leaders on Tuesday to work towards safeguarding «regional peace» as he addressed a virtual summit of their Shanghai alliance. Xi «called for efforts to safeguard regional peace and ensure common security», state news agency Xinhua said, adding that he urged member states of the Shanghai Cooperation Organisation to «follow the right direction and enhance their solidarity and mutual trust».
04.07 / 08:39
Digital
Cooper
Manufacturing
Nano
500
IFFCO to procure 2,500 agri-drones; launches campaign to train 5k rural entrepreneurs to promote use of nano fertilisers
nano fertilisers across the country, leading cooperative IFFCO will procure 2,500 agri-drones and train 5,000-odd rural entrepreneurs as part of its national campaign launched on Tuesday. Already, IFFCO has signed an agreement for procurement of the drones, to be used for spraying of its products nano urea and nano di-ammonium phosphate (DAP), in a phased manner.
04.07 / 07:47
FIVE
Cooper
Parke
Matrix
Mumbai
Actor Ajay Devgn purchases 5 office units in Mumbai's Andheri West for ₹45.09 crore; Check details here
₹45.09 crore. The purchase details were revealed through documents obtained by CRE Matrix, a data analytics firm. Located within Signature Building, Oshiwara, along Veera Desai Road, these office units span a combined area of 13,293 square feet.
04.07 / 03:41
FIVE
Digital
Cooper
India’s close partner Iran gets SCO membership at Tuesday’s summit
Iran, one of India's key neighbours, will formally become a full member of the Shanghai Cooperation Organization (SCO) at the summit held under New Delhi's presidency on Tuesday in what would further boost connectivity initiatives via INSTC and Chabahar Port. Although Iran originally requested to join the alliance 15 years ago, membership was not approved until 2021 as SCO follows a rigorous process of admission. Iran plays a key role in INSTC and Chabahar Port as India's outreach to Russia and Central Asia.
04.07 / 01:23
Cooper
PM Modi to host SCO summit virtually today, Pakistan PM Shehbaz Sharif, Chinese President Xi Jinping likely to join
The next Shanghai Cooperation Organisation (SCO) Summit will be hosted by India virtually on Tuesday. The summit is set to be joined by all SCO member states including China and Pakistan. Major highlight will be the participation of Chinese President Xi Jinping and Pakistan's PM Shehbaz Sharif. Russian President Vladimir Putin will also be the part of the summit.
03.07 / 16:51
UPS
Cooper
Mobile
ICEA sets up task force to raise Indo-US electronics trade to $100 billion by 2033
New Delhi: The Indian Cellular & Electronics Association (ICEA) has set up a task force to ensure that Indo-US electronics trade goes up from $8 billion to $ 100 billion within a decade, said the apex industry body in a statement. This comes after India and the United States joined forces to drive forward transformative initiatives, following Prime Minister Narendra Modi’s state visit to the United States last month. “This will give a major boost to our efforts to become a global hub for innovation and manufacturing," said ICEA chairman Pankaj Mohindroo. The industry body represents electronics ecosystem in India, including components, subassemblies, EMS, and finished goods across various ESDM verticals such as mobile phones, consumer electronics, and IT hardware. The setting up of Critical and Emerging Technology (iCET) will aid in cooperation in futuristic areas such as artificial intelligence, quantum computing, space exploration, semiconductors, and defence technology, the statement added.
03.07 / 16:05
Citi
Target
Cooper
Allegiant
Praful Patel was fortunate who became MP without facing polls by filling form: Sharad Pawar takes dig
NCP chief Sharad Pawar on Monday targeted Praful Patel, who has been sacked from the party for siding with Ajit Pawar, saying he was fortunate unlike others as he used to get elected to Parliament without facing any elections just by filling the form. After Ajit Pawar took oath as deputy chief minister on Sunday, the Pawar senior had singled out Patel and MP Sunil Tatkare for «abandoning» the guidelines of the party president and taking a «wrong path». On Monday, Sharad Pawar sacked Patel, the working president of NCP, and general secretary Tatkare for engaging in «anti-party activities».
03.07 / 16:05
Cooper
Career
Department
Vice Admiral Atul Anand takes over as Additional Secretary of Department of Military Affairs
Atul Anand took over as Additional Secretary of Department of Military Affairs on Monday, the Defence Ministry said. The post was previously held by Lt Gen Anil Puri, who retired on February 28 this year, the ministry said in a statement.
03.07 / 16:01
Cooper
Govt plans crackdown on organic food with false claims
NEW DELHI : The food regulator—Food Safety Standard Authority of India (FSSAI)—has directed all its food testing laboratories to upgrade and optimise their facilities and procedures to handle accurate organic food testing. This follows reports of false claims by some firms even as the government plans to promote organic food. Organic tea, pulses, oil and jaggery powder are the most popular, followed by milk products.
03.07 / 16:01
Cooper
expansion
SCO leaders’ meet starting today may see expansion push
NEW DELHI : The leaders’ summit of the Shanghai Cooperation Organization (SCO) takes places on Tuesday under the chairmanship of India, with a likely push for inducting Iran and possibly Belarus as new members. Apart from Prime Minister Narendra Modi, the virtual summit is set to be attended by President Xi Jinping of China, Prime Minister Shehbaz Sharif of Pakistan, President Vladimir Putin of Russia and the leaders of a number of Central Asian countries. The previous summit took place in Samarkand, Uzbekistan, in September last year.
03.07 / 12:25
COST
Cooper
negotiations
WTO
services
World Bank, WTO chiefs seek to reignite services trade negotiations
GENEVA (Reuters) — The heads of the World Bank and the World Trade Organization on Monday called for countries to boost efforts to make trade in global services more transparent and predictable, saying this could help developing countries reduce poverty.
03.07 / 10:11
Twitter
Cooper
Man
Aviat
Airlines
Assurant
IndiGo responds after man claims wife's flight got delayed due to pilot fatigue
IndiGo flight his wife was travelling. The incident took place on a flight from Dehradun to Lucknow to Chennai. After the flight landed in Lucknow the pilot refused to take off for Chennai, citing exhaustion, Sameer Mohan tweeted, sharing screenshots of WhatsApp conversation with his wife.
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