Cooper Financial News

GST) law to give a higher share of revenue to producer states such as Chhattisgarh, a senior legislator from that state said on Friday. Chhattisgarh deputy chief minister T.S. Singh Deo also said the Centre’s share of GST revenue should not be more than 20%.

By David Shepardson

Bank of India on Friday signed an agreement with the Bank of England (BoE) on exchange of information for settlement of bond trades through Clearing Corporation of India Ltd (CCIL). Under the new memorandum of understanding (MoU), the BoE will assess and recognize CCIL as a counterparty to clear and settle bonds and overnight indexed swap trades done by England-based banks and investors.

Gurpatwant Singh Pannun is now at the crux of possible bitterness in ties between India and US, if the former does not tread carefully. US recently charged an Indian man- Nikhil Gupta- with plotting to assassinate Pannun in American soil.

Guterres on the sidelines of the UN climate summit here and highlighted India's initiatives and progress in achieving climate goals. During the meeting, Modi thanked Guterres for his support during India's G20 Presidency. «Both leaders exchanged views on priorities and concerns of the Global South related to Climate Action, climate finance, technology and reforms of the multilateral governance and financial institutions, including the UN,» a statement by the External Affairs Ministry said in New Delhi.

Trade and Industry, Gan Kim Yong on Friday. The delegation had reached Singapore after completing its tour of Japan. The tour is being undertaken in the run up to the tenth edition of Vibrant Gujarat Global Summit (VGGIS) which is scheduled for January. Underlining the development journey of Gujarat, Patel during the meeting emphasized on the state government's focus on fostering investment in emerging sectors such as renewable energy, electric vehicles, semiconductors, food processing, and dairy products apart from the importance of Gujarat in the logistics sector, attributing its rise as a logistics hub in India to its global connectivity and extensive coastline. Patel also invited the Singapore Minister of Trade and Industry to participate in the Vibrant Gujarat Global Summit 2024 to foster collaboration between the two nations in various sectors. During the meeting, Minister Gan Kim Yong acknowledged the immense potential for development in India and expressed Singaporean companies' keenness to work in collaboration with the Indian government.

sugar since the current season began on Oct. 1, down 10.7% year on year, as mills in two key states started operations later than usual, a leading trade body said on Friday. Lower sugar production could lead the world's second-largest producer to refrain from allocating export quotas and support global prices, that are trading near multi-year highs. The start of sugar cane crushing in the western state of Maharashtra and neighbouring Karnataka was delayed to Nov.

German President Frank-Walter Steinmeier's recent visit to Qatar was marked by an unexpected diplomatic incident that garnered significant attention. Upon his arrival, President Steinmeier was left waiting on the tarmac for nearly 30 minutes, a delay that sparked speculation and raised eyebrows. The incident, which unfolded as President Steinmeier stood at the door of his Airbus A350 with folded arms, was captured in a viral video that circulated widely. Despite the presence of the red carpet, a military honor guard, and Germany's ambassador to Qatar, no Qatari official was initially on hand to formally welcome the distinguished visitor. A report by German news broadcaster DW cited the delay as being due to the absence of Qatari officials at the airport to greet President Steinmeier. However, both German and Qatari officials have refrained from commenting on the delay, leaving the exact cause open to interpretation.

Aster DM Healthcare share price jumped over 11% to hit a fresh 52-week high of ₹424.00 apiece on Friday. In the past one week, Aster DM Healthcare shares have risen 20%. The rally in Aster DM Healthcare shares comes on the back of the company’s move to sell its GCC (Gulf Cooperation Council) business for over $1 billion.

Thomas Cook The offer for sale of shares by promoter Fairbridge Capital in Thomas Cook (India) Ltd received overwhelming response from institutional investors, following which, it has decided to use the greenshoe option to sell additional shares. ITD Cementation ITD Cementation has secured a contract for civil and hydromechanical works of 500 MW hydel power, pumped storage project worth approximately Rs 1,001 crore excluding GST in Andhra Pradesh. Read more: Here's the trade setup for today's session Ultratech Cement UltraTech Cement announced the acquisition of Kesoram cement unit.

Ministry of External Affairs (MEA) informed that it has decided to set up a high-level probe committee to look into the security concerns shared by the US regarding the criminal nexus and the attempt to murder Pannun. While speaking to reporters who were travelling with him in Tel Aviv, Israel, Blinken said, "The government announced today that it was conducting an investigation, and that’s good and appropriate, and we look forward to seeing the results." The Secretary of State was responding to a question on the appearance of an unnamed Indian official in an indictment filed by federal US prosecutors in a Manhattan court on Wednesday along with an Indian national, which the Department of Justice alleges hired someone in the US to assassinate Pannun, a vocal critic of India and espousing the cause of separate Khalistan.

By Lisandra Paraguassu, Roberto Samora and Sabrina Valle

Bank of America has been fined $24 million after two former traders placed phony "spoof" trades to try to influence the market for U.S. Treasuries, the Financial Industry Regulatory Authority said on Thursday. Spoofing involves placing orders traders intend to cancel, hoping to create a false sense of market activity that moves prices in a direction they favor, and induce transactions that other traders would otherwise would not make. FINRA said a junior trader and his supervisor at BofA Securities conducted 717 spoof trades between October 2014 and February 2021. It also faulted the oversight system of the second-largest U.S.

Robert N. Stavins is the A.J. Meyer Professor of Energy and Economic Development at Harvard Kennedy School.

The CBI has conducted marathon raids across the state, including multiple locations in Kolkata and Murshidabad, in connection with the ongoing recruitment scam. Raids were conducted by the central agency in Kolkata's Patuli, Dumdum Park and Teghoria. They visited other locations in Coochbehar, Murshidabad's Domkal and Barwan, sources said. Trinamool MLA Jafikul Islam’s residence and BEd and DElEd colleges run by him, were also raided.

Bank of America, N.A. and HDFC Bank Ltd for violation of certain norms.

co-operative banks are: The Patliputra Central Cooperative Bank Ltd, Patan Nagarik Sahakari Bank Ltd, The Mandal Nagarik Sahakari Bank Ltd, The Balasore Bhadrak Central Co-operative Bank Ltd, the Dhrangadhra People’s Co-operative Bank Ltd The Reserve Bank imposed a monetary penalty of ₹1.50 lakh on the Patliputra Central Cooperative Bank Ltd, Bihar for non-compliance with the directions issued by RBI on ‘The Depositor Education and Awareness Fund Scheme, 2014 – Section 26A of Banking Regulation Act, 1949 - Operational Guidelines’ and ‘Reserve Bank of India – (Know Your Customer (KYC)) Directions, 2016’. The apex bank said the Patliputra Central Cooperative Bank had not transferred eligible amounts to the Depositor Education and Awareness Fund.

climate finance and issues related to nationally determined contributions to reduce emissions will be the focus areas of discussions that India would be taking up during the COP28, Environment Minister Bhupendra Yadav said on Thursday. He was speaking at the opening ceremony of the Indian Pavilion at COP28 where he underscored the importance of everyone to come together to fight climate change.

Ministry of External Affairs (MEA) Spokesperson Arindam Bagchi on Thursday said that the case against an individual that has been filed in a US court, allegedly linking him to an Indian official, is a ‘matter of concern’. As reported by ANI, Bagchi said, "As regards the case against an individual that has been filed in a US court, allegedly linking him to an Indian official, this is a matter of concern.

Onion prices have nearly doubled in a year. The all-India retail price of onions increased 94.39% to Rs 57.85 a kilogram on November 29 from Rs 29.76 per kg a year ago, according to the government data. This happened despite India continuing to be the world's second largest grower of onions and producing multiple crops a year. How have onion prices moved in the past few months? Onion prices started to climb in Maharashtra’s Pimpalgaon and Lasalgaon wholesale markets, Asia’s largest, in the second week of August.

Henry Kissinger for his «historic contributions» to China-US ties, describing him as an «old and good friend of the Chinese people». Kissinger «had long been concerned about and supported the development of China-US relations, visiting China more than a hundred times and making historic contributions to promote the normalisation of China-US relations», foreign ministry spokesman Wang Wenbin said. «During his life, Dr. Kissinger attached great importance to China-US relations and believed that they were vital to the peace and prosperity of the two countries and the world,» Wang said. Kissinger, a former US secretary of state whose unapologetic promotion of raw American power helped shape the post-World War II world, died on Wednesday. In China he is granted the sobriquet of «old friend of the Chinese people» for his part in establishing ties in the 1970s and helping bring the country out of its Mao-era isolation. Chinese leader Xi Jinping, who met Kissinger in Beijing in July, has sent a message of condolence to US President Joe Biden over his death, Wang said. Premier Li Qiang and Foreign Minister Wang Yi have also sent messages of condolence, he added. «Both China and the United States should inherit and carry forward Dr.