Country Financial News

ROME (Reuters) — The Italian economy will grow by 0.7% in 2023 and by 0.8% next year, the country's central bank said on Friday, revising down previous forecasts made in July and warning of international and domestic downside risks.

₹1,806 apiece. Despite the company's shares underperforming this year, domestic brokerage firm Nuvama Institutional Equities has remained optimistic about the firm's long-term prospects. It has a 'buy' rating on the stock with a target price of ₹1,935 apiece, indicating a 22.31 percent upside.

downturn that may or may not materialise. Just buy and hold stocks, and wait for returns that will erase any number of brief dips. Unfortunately, there is a catch.

Jewish schools in London have informed parents that they will remain closed on Friday due to security fears amid the conflict in Israel after British Prime Minister Rishi Sunak unveiled additional funding support targeted at enhanced protection for the country's Jewish communities against antisemitic attacks. Menorah High School, Torah Vodaas Primary School and Ateres Beis Yaakov, all in the Barnet area of north London, sent letters to parents on Thursday and a fourth school is also believed to remain closed as they fear anti-Israel protests around the premises. The letter from Rabbi Feldman of Torah Vodaas said that while there was «no specific threat to our school» it was «not a decision that has been taken lightly».

Laurus Labs on Friday said it has received approval from Indian drug regulator the Central Drugs Standard Control Organization (CDSCO) for its CAR-T cell therapy NexCAR19 (actalycabtagene autoleucel), for the treatment of certain types of blood cancers. NexCAR19 will be the first humanized CD19-targeted Chimeric Antigen Receptor T cell (CAR-T) therapy indigenously developed in India to be approved.

imoo, 1st phone for your kids, A global leader and best selling brand for kids' phones, known for its innovative and child-centric technology, has made a grand entry into India's offline market through Sangeetha Gadgets, India's foremost multi-brand retail chain with over 800 stores across the country. Imoo, a sister company of renowned brands like OPPO, VIVO, and OnePlus, is celebrated for its exceptional range of kids' watch phones designed to cater to the unique needs of both tech-savvy children and concerned parents. Sangeetha Gadgets, with its widespread presence and a reputation for delivering excellence in customer service, becomes the preferred destination for Indian families seeking Imoo's child-friendly devices.

International Olympic Committee (IOC) on Friday clarified on the suspension of Russian Olympic body and said that individuals who have Russian passport can participate, however, Russia as a country will not be allowed to participate in the Olympic games. "We will allow individual players with Russian passports.

palm oil imports in September fell 26% from the previous month to 834,797 metric tons, the lowest in three months, as higher inventories prompted refiners to curtail purchases, a trade body said on Friday. Lower purchases by the world's biggest importer of vegetable oils could lead to higher stocks of palm oil in key producers Indonesia and Malaysia, weighing on benchmark futures. Imports of soyoil edged 0.1% higher to 358,557 tons and those of sunflower oil were down about 17.8% at 300,732 tons, the Mumbai-based Solvent Extractors' Association of India (SEA) said in a statement. Vegetable oil imports fell about 17% to 1.55 million tons from last month's record purchases of 1.87 million tons, it added. «India imported more than necessary during July and August, but retail demand in the country is weak. Refiners are now struggling to sell imported oil,» said a Mumbai-based edible oil trader. In recent months, India has emerged as a primary destination for surplus oil supplies due to its lower import duty of 5.5% on crude palm oil, crude soybean oil, and crude sunflower oil, said B.V.

United Nations officials to relocate from North Gaza to southern areas within 24 hours as it prepares for a ground assault on Gaza which is likely to be extremely brutal. Yet, there is nervousness in Israel, the American military and the political elite over the risk of a trigger getting pulled on Israel's northern border with Lebanon — an attack by Hezbollah, the battle-hardened Lebanese terror group which is more organised and better-equipped than Hamas. The fear of Hezbollah, the Iran-backed militia, is palpable as all eyes are watching it for any move to join Hamas against Israel.

Congress has raked up their effort in winning the upcoming assembly elections, being considered the semi-finals before the 2024 Lok Sabha Polls. The Bhartiya Janata Party (BJP) has been hitting out the grand old party in their election rallies, targeting what the former calls ‘freebies’ or poll guarantees. The saffron party has been alleging that Congress was promising ‘freebies’ in poll-bound states in order to gain votes.

Air India Express, which is in the process of merging AIX Connect with itself, plans to induct 50 new B737 MAX planes in the next 15 months as the Tata Group bolsters its aviation business. Besides, the combined entity of Air India Express, also the country's first international budget carrier, and AIX Connect, formerly known as AirAsia India, will be launching its new brand on October 18. In a message to staff this week, Air India Express and AIX Connect Managing Director Aloke Singh said key milestones, including migration to a common reservations and check-in system, have been achieved in terms of integration of the two carriers.

International Monetary Fund (IMF) for the end of September and is comfortably placed to meet others such as net international reserves and net domestic assets, the bank said as quoted by Reuters. The remarks came in a statement on comments by central bank chief Jameel Ahmad during events on the sidelines of the meetings of the International Monetary Fund (IMF) and the World Bank meetings in Morocco. The Washington-based financial body will also send its delegation to cash-strapped Pakistan to review the country's economic performance in the first three months of the current fiscal year, PTI had earlier reported.

Taylor Swift and Beyonce raking it in with tours that are giving local economies a boost. Big-spending Swifties Swiftmania is at an all-time high, and it is leaping from the stadium to the cinema, where a film on Swift's Eras tour out Friday in over 100 countries worldwide has already clocked up more than $100 million in ticket pre-sales. The tour itself, which finishes in December 2024, is poised to become the first tour to make $1 billion.

Americans are uneasy as war returns to another part of the world, and Washington is slow to confront the growing danger. Priority No. 1 is an all-out national effort to expand U.S.

domestic aviation space. It is the pilot shortage at Akasa, the cancelled flights, and irate passengers. Or the hikes in passenger fares following the news, within an hour.

Hardeep Singh Nijjar. India has asked Canada to withdraw the diplomats after Canadian PM Justin Trudeau alleged the involvement of Indian agents in the Nijjar killing. However, the claim has been vehemently rejected by India.

ANI, initially, the ticket cost for the journey to Sri Lanka was established at ₹7,670 per person, inclusive of ₹6,500 and an 18% GST. However, officials from the Nagapattinam Shipping Harbour Department announced on Thursday that they are introducing a special fare of ₹2,800, which includes ₹2,375 and an 18% tax, as a promotional offer for passengers traveling on the ferry on October 14th (for a single day). This rate represents a 75% reduction from the regular price.

Israel in 2020 to join the Israel Defense Forces. Released from service last year, Silver said she recently responded to a call asking members of her former platoon to voluntarily return to duty after Hamas attacked Israel on Saturday.Hundreds of people, including young children, were killed in the attacks, whose targets included a music festival and communal farming settlements.

Shri Tulsidas Ramlila Committee. This iconic Ramlila, an annual fixture since 1964, had its last performance on October 17, 2021. The pandemic had compelled the cancellation of this beloved event as it kept people confined indoors and cities under lockdown.

G20 nations on Thursday called for swift and coordinated implementation of the G20 roadmap to deal with the issues related to the crypto assets. The G20 Roadmap on Crypto Assets adopted by the G20 Finance Ministers was spelt out in a Synthesis Paper prepared jointly by the International Monetary Fund (IMF) and Financial Stability Board (FSB). «We adopt the roadmap proposed in the Synthesis Paper as a G20 Roadmap on Crypto Assets. We call for swift and coordinated implementation of the G20 Roadmap, including implementation of policy frameworks; outreach beyond G20 jurisdictions; global coordination, cooperation and information sharing; and addressing data gaps,» said a communique issued during the fourth meeting of the FMCBG. The G20 Roadmap on crypto assets is a detailed and action-oriented roadmap that will help coordinate global policy as well as develop mitigating strategies and regulations on such assets while also taking into consideration the specific implications on Emerging Markets and Developing Economies (EMDEs). The Finance Ministers and Central Bank Governors (FMCBG) communique drew guidance from the G20 New Delhi Leaders Declaration (NDLD) and benefited significantly from the consensus that was reached at the Leaders' Summit last month, a press statement issued by the finance ministry said.

Reliance Industries Ltd.’s financial services unit and Zerodha Broking Ltd. can only disrupt distribution of mutual funds, not pricing or product offerings, according to Edelweiss Asset Management. “Distribution is where they can make an impact,” said, Radhika Gupta, chief executive officer and managing director of Edelweiss AM, at a Bloomberg New Voices event in Mumbai.