Country Financial News

Russia’s government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept. 21.

The global minimum tax is arguably the most important topic in the much talked-about international tax reform, with implications for both developed and developing countries. While taxing the digital economy has taken the limelight in the headlines, the global minimum tax has the potential to have a significant impact, especially on developing nations.

Global Capability Centres (GCC) of multinational companies are driving demand in Pune’s office space segment. Pune has recorded the highest GCC-focused area transacted volume in the country. Hyderabad was in the second spot in GCC leasing. GCCs accounted for 2.4 million sq ft in Pune and 2.2 million sq ft in Hyderabad.

FRANKFURT (Reuters) -The European Central Bank may need to raise interest rates again if wages, profits or new supply snags boost inflation, ECB board member Isabel Schnabel said in an interview published on Friday.

Federal Resources Minister Madeleine King says Australia will remain a reliable exporter of gas to Japan, amid LNG supply concerns as Australia transitions to net zero by 2050.

MANILA (Reuters) -The Philippines economics minister cautioned on Friday against further raising interest rates, which could hurt consumers already suffering from high inflation.

Tokyo | When 300 Japanese business titans and the country’s trade minister descend on Melbourne this weekend, it will be a reminder that not a lot has changed in half a century.

5G network roll-out in India has been remarkable and the country is among the top three nations with the largest 5G installed base in the world, a top Nokia official said. Nokia President and CEO Pekka Lundmark was addressing an event during the inauguration of the company's 6G research lab in Bengaluru on Thursday. «5G roll-out in India is truly remarkable. This has been one of the fastest telecom network roll-outs ever and means India is now among the top three countries in the world that have the largest 5G installed base, with 5G download speeds beating those found in many advanced markets,» Lundmark said. While there has been a decline in telecom gear shipment across major geographies, the 5G roll-out in India has been able to offset a dip in the business of Ericsson and Nokia. Nokia posted 333 per cent growth in India sales at about Rs 9,500 crore in the June quarter of 2023. Ericsson reported 74 per cent growth in net sales in the June 2023 quarter in «South East Asia, Oceania and India» to around Rs 10,700 crore of which around 90 per cent of its business comes from India. Reliance Jio and Bharti Airtel are expected to invest about Rs 75,000 crore in the current financial year to strengthen their networks, according to a report by JM Financial. According to the report, Jio may invest around Rs 42,000 crore and Bharti Airtel around Rs 33,000 crore in FY24, but the investment will taper down after their 5G network roll-out target is met as per their announcement. «We are satisfied with this work so far — but there is still more to do.

By Howard Schneider

MUMBAI (Reuters) — The Reserve Bank of India's key lending rate was held steady at a fourth consecutive policy meeting on Friday, as widely expected, with investors more focused on the regulator's liquidity management plan amid a resurgence in inflation.

the economy, consider the tractor. Historians disagree about who invented the humble machine. Some say it was Richard Trevithick, a British engineer, in 1812.

Wagner chief Prigozhin plane crash may be deliberate, says Kremlin AP said it could not verify Putin's statement. While an investigation has been launched, no findings have yet been released, AP reported. Russia had also rejected an offer of joint inquiry by Brazil, where Prigozhin's jet was manufactured.

keep its key repo rate unchanged at 6.50 per cent at the conclusion of the MPC meeting, with only a few expecting a 25 basis point hike. Analysts also do not expect the central bank to change its stance from ‘withdrawal of accommodation’.

By Sudarshan Varadhan

BEIJING — Chinese authorities are signaling a softer stance on once-stringent data rules, among recent moves to ease regulation for business, especially foreign ones.

Click here! Concluding its letter, SCBAP Secretary M Akhtar Shabbir added, "We believe that fostering interactions between our legal communities can significantly contribute to improving bilateral relations between our countries". However, this is not the first time an invitation or a letter has been written to India.

Turkey's National Intelligence Agency carried out strikes in Syria against Kurdish militant targets after a bomb attack in Ankara last weekend, a Turkish security source said on Thursday. On Thursday night, Turkish military air strikes destroyed 30 Kurdish militant targets in northern Syria, including an oil well, a storage facility and shelters, and "neutralised" many militants, the Turkish defence ministry said. Pentagon spokesman Brigadier General Pat Ryder said Turkish drones had been seen carrying out airstrikes in Hasakah, Syria, on Thursday morning about 1 km away from U.S.

World Cup hosted by India kicks off, investors are combing through the market to spot stock winners who could be beneficiaries of the country's most popular sport. Brokerage Jefferies said several consumer-facing businesses could see an uptick in sales as the World Cup coincides with the peak festive season.

Sebi), which has stepped up efforts to develop municipal bond issuances, recently brought together stakeholders in the country's nascent civic debt market and urged them to raise money using this route to offer better infrastructure to citizens. According to sources, Sebi held a two-day outreach programme on municipal bonds and financing during October 3-4 at Jaipur with officials from the ministry of housing and urban affairs, the finance ministry, municipal corporations, stock exchanges, credit rating firms, merchant bankers, debenture trustees, lawyers, and institutional investors. Ashwani Bhatia, whole-time member, Sebi, delivered the keynote address, highlighting how municipal bodies could use funds raised through bond issuances for infrastructure development, sources said. Pointing out the smaller scale of the municipal bond market vis-a-vis the government bond market or global civic debt markets, Bhatia emphasised the potential for municipalities to improve infrastructure while being fiscally responsible, they said. Thara D, additional secretary of the housing ministry, said that the government would support municipal corporations wishing to access debt markets for funds, while Baldeo Purushartha, joint secretary, department of economic affairs from the finance ministry urged civic bodies to identify viable projects and plan for sustainable development. Sebi officials raised awareness about an information database run by the market regulator, pointing out that the platform includes a repository of data on municipal bonds.

NEW DELHI : Inox Air Products Pvt. Ltd, India’s largest industrial gas producer, is planning to invest ₹300-500 crore to build ultra-high purification facilities and a supply chain for gases used by semiconductor fabrication facilities in India.

Investing.com — The Saudi braggadocio that they can keep surprising the oil market with higher and higher production cuts may have actually done them in.