Cooper Financial News

SPIEF says its June 2023 event in St. Petersburg (Russia) witnessed 900 investment agreements worth about $47.6 billion, and 43 agreements between Russian and foreign businesses. Amidst global economic upheavals, SPIEF has been spearheading alliance building/ fostering alliances between Russia and its trade partners, including India.

forwards in government securities, a move that will enable market participants, particularly long-term investors, to manage cash flows and interest rate risk. Comments on the draft directions can be sent by banks, market participants and investors to the Reserve Bank of India by January 25. A bond forward refers to a derivative contract in which one counterparty agrees to purchase a specific debt instrument from another counterparty on a particular future date and at a price decided at the time the contract is struck. The norms will apply to transactions in bond forwards conducted in the over-the-counter market. Banks, except for small finance banks, payment banks, local area banks and regional rural banks will act as market-makers in bond forwards along with standalone primary dealers.

NEW DELHI : The government is considering a 50% duty on the export of molasses. The idea is to ensure enough supplies to meet the target for cleaner and more efficient ethanol-blended petrol, two officials aware of the matter said on the condition of anonymity. India is the world’s largest molasses exporter, contributing about 25% to global trade.

international tax arena as India, alongside 110 other countries, voted in favour of a UN Tax Convention Framework. This resolution, backed by 125 countries a month earlier at the UN's Economic and Financial Committee, encountered opposition from 48 countries, notably wealthy OECD members, on both instances. OECD has been leading international tax reforms.

India and the Philippines in the disputed South China Sea, the Chinese military on Thursday said defence cooperation between different countries should not harm the interests of third countries and regional peace. Answering a question from Chinese official media about naval exercises between an Indian naval ship and the Philippines naval vessel besides plans by France to hold naval and air drills with the Philippine Navy, Spokesman of the Chinese Defence Ministry Senior Col Wu Qian said China has taken note of the reports.

NEW DELHI : India is expected to sign a much-awaited deal on two more pillars of the US-led Indo-Pacific Economic Framework—clean economy and fair economy—early next year, two officials aware of the matter said. India’s law ministry is currently vetting proposals for IPEF’s clean economy and fair economy pillars, following which the commerce ministry will move for cabinet approval, the officials said. “Both the pillars are very important for the country.

FTX's debtors have filed an amended Chapter 11 Plan of Reorganization, which marks a significant development in the ongoing bankruptcy case of the once-prominent cryptocurrency exchange. This revised plan includes a crucial provision that sets the value of cryptocurrency claims based on their cash value at the time of FTX's bankruptcy filing on November 11, 2022. This decision comes amidst a fluctuating cryptocurrency market, where the value of many digital assets, including Bitcoin, has seen notable recovery since the bankruptcy date.

Reliance Industries Chairman and Managing Director Mukesh Ambani—in an interaction with company employees—shared his views on the legacy of founding chairman Dhirubhai Ambani and outlined a compelling vision for Reliance's future. Highlighting Reliance's core values on the 91st birth anniversary of his father, Mukesh Ambani said, "We will always cherish his timeless family values. These are — integrity, excellence, empathy, the spirit of cooperation, and the commitment to make every tomorrow better than every today for one and all.

Israeli firm NSO Group, is used to gain access to someone's phone messages and emails, peruse photos, eavesdrop on calls, track locations and even film the owner with the camera Notably, the Pegasus spyware is only sold to governments or security agencies -- against journalists and activists in dozens of countries, including India. The investigation revealed that the Pegasus spyware had been extensively used against journalists and activists in dozens of countries, including India.

NEW DELHI : India and South Korea are discussing joint development projects in neighbouring countries such as Sri Lanka and Bangladesh, according to persons aware of the matter. While talks are still in early stages, the development is significant as it reflects a renewed focus on bilateral relations between India and South Korea, with Seoul seen expanding its strategic interests beyond East Asia. Mint had earlier reported that South Korean president Yoon Suk-Yeol is eyeing a visit to India to push key projects and discuss strategic technologies, the Indo-Pacific Oceans Initiative and China-related matters.

External Affairs Minister S Jaishankar on Wednesday held a meeting with Russian President Vladimir Putin in Moscow. Russian Foreign Minister Sergey Lavrov and Indian Ambassador to Russia Pavan Kapoor were present at the meeting. Jaishankar is currently undertaking a five-day visit to Russia from December 25 to 29, as part of the ongoing series of high-level engagements between the two nations.

Prime Minister Narendra Modi is «willing to do his utmost» to address the Russia-Ukraine issue through «peaceful means». Putin's remarks came during a meeting with External Affairs Minister (EAM) S Jaishankar at the Kremlin on Wednesday.

RBI) has voiced its concerns over elevated levels of gross non-performing assets (NPAs) in urban cooperative banks, although profitability indicators have improved. It has called for a further strengthening of governance standards and risk management practices among other things in its assessment of the sector in the Report on Trend and Progress of Banking in India 2022-23. The RBI is asking the co-operative banks to adopt global best practices of supervision. «A further strengthening of the quality of governance, based on the three pillars of compliance, risk management, and internal audit, warrants priority,» it said in the assessment of the developments in the cooperative banking sector.

Russia has an interesting place in India's foreign policy game plan. As foreign minister S Jaishankar said on Tuesday during his five-day visit to Moscow, geopolitics and strategic convergence will always keep the bilateral ties on a positive trajectory. On Wednesday, Jaishankar and his Russian counterpart Sergey Lavrov walked the talk as the two sides agreed on the expansion of Russian hydrocarbon exports to India and cooperation in nuclear energy.

urban cooperative banks though profitability indicators have improved. It has called for a further strengthening of governance standards and risk management practices among other things in its assessment of the sector in the latest `Trend and Progress in Banking’ released by the central bank on Wednesday.

China says it is banning a United States research company and two analysts who have reported extensively on claims of human rights abuses against Uyghurs and other Muslim minority groups native to the country’s northwest

Pakistan in Samba and Poonch even as cordon and search operations continued for the seventh straight day on Wednesday to track the terrorists involved in last week's ambush that killed four soldiers in Jammu and Kashmir, officials said. Defence Minister Rajnath Singh has flown to Rajouri to visit ground zero on Wednesday along with Lieutenant Governor Manoj Sinha and Army chief Manoj Pande to review the security situation following the terror attack. «Security forces are continuing the cordon and search operation to track down the terrorists involved in the ambush on Army vehicles,» a senior official told PTI. The operation includes sniffer dogs, surveillance equipment and aerial mechanisms. Additional forces have been deployed to plug seven infiltration routes amid area domination operations in the area. Mobile internet services will remain suspended in Rajouri and Poonch for the fifth day in a row. Security forces and special operation groups have launched search operations at three places along the International Border (IB) in Samba district since this morning, officials said. They said that this has been done as a precautionary measure due to the intense fog along the borderline, they said. Security forces have also launched fresh search operations along the LoC in Kirni sector in Poonch following reports of suspicious movement in the area, they said.

A groundbreaking alliance between Microsoft Corporation and the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) has been revealed. In a technological environment that is quickly evolving, the purpose of this partnership is to investigate and shape the incorporation of artificial intelligence (AI) in the workplace. This will ensure that AI meets the requirements of workers and has an impact on public policy.

EKA Mobility has formed a strategic partnership with Japan’s Mitsui & Company and Netherlands-based VDL Groep to manufacture electric buses and light commercial vehicles in the country. As per the agreement, Mitsui and VDL together will invest $100 million (approx Rs 830 crore) in EKA Mobility for ‘significant’ minority stakes. The resources will be utilized to scale up research and development and enhance manufacturing capacity. EKA Mobility, which commissioned a production unit in Pune earlier this year, plans to scale up production capacity to roll out 5000 electric buses and 6000 light commercial vehicles per annum in the first phase.

NEW DELHI : Union defence minister Rajnath Singh, has vowed to take decisive action against those responsible for the assaults on the India-linked shipping vessels, MV Chem Pluto and MV Sai Baba, amid escalating tensions in the Red Sea region. For over a month, attacks by Yemen’s Houthi rebels on vessels using the crucial Red Sea shipping route have heightened uncertainty in the global economy. “The recent drone attacks on the MV Chem Pluto in the Arabian Sea and a few days ago on the MV Sai Baba in the Red Sea have been taken very seriously by the Indian government.

Barbie" and "Oppenheimer," were huge hits, surprising everyone by breaking box office records and getting ready for the Oscars. Greta Gerwig's «Barbie» delivered a surprising feminist take, as Margot Robbie's introspective Barbie teamed up with Ryan Gosling's clueless Ken, weaving a narrative far beyond mere doll play. On the other hand, Christopher Nolan's «Oppenheimer» painted a compelling portrait of J. Robert Oppenheimer, embodied flawlessly by Cillian Murphy, delving into the conflicted mind of the architect behind the atomic age, marking it as a visionary masterpiece.