Country Financial News

Manipur BJP MLA Rajkumar Imo Singh in a letter to union home minister Amit Shah has sought action regarding the foreign terror links with Manipur based organisations abroad in Canada and other countries. Imo Singh who is son-in-law of Chief Minister N. Biren Singh stated in the letter, “It is now a well-known fact that foreign terror groups are playing a very big role to create instability and prolong this conflict, which has been going on for the last five months.

When Dirk Ruttens went shopping for a holiday home in Spain, he wasn’t interested in a cookie-cutter modern waterfront apartment or a traditional country finca. A veteran renovator and an aficionado of industrial architecture, Ruttens wanted a unusual building that he could transform into a distinctive family bolt-hole. He found his project in the form of a disused former chocolate factory in the small town of La Bisbal d’Empordà, in the Catalonia region of northeastern Spain.

Many central banks and governments around the world want to kick their dollar addiction. They aren’t getting very far—except when forced. The percentage of official foreign-exchange reserves allocated to U.S.

There are conflicting stories to tell about investing in Japan at the moment, and annoyingly both appear to be correct. The first is that the stock market is on fire, producing the best returns of any major developed country since the start of last year as foreigners wake up to the new shareholder-friendly approach of government, stock exchange and corporate boards. Billionaire Warren Buffett’s visit and positive comments in the spring highlighted the value of venturing to the country, and stocks are up more than 20% since late March as foreign cash poured in.

According to numerous media reports, India has asked Canada to sharply reduce the number of diplomats it has in the country. This is a significant move as Canada’s mission in India is among its largest anywhere in the world. It may also reflect that the spat between the two countries hasn’t cooled just yet.

NRIs can now open new SBI accounts through the YONO app SBI is the country's largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also the largest mortgage lender in the country, having funded over 30 lakh homes.

₹417 crore worth of proceeds of crime in the money laundering probe. Ranbir Kapoor as a social media influencer promoted an online betting app and allegedly received compensation in return for endorsing and engaging in promotional endeavors on behalf of Mahadev betting app. Apart from Ranbir Kapoor, some other Indian and Pakistani celebrities like Tiger Shroff, Sunny Leone, Neha Kakkar, Atif Aslam, and Rahat Fateh Ali Khan are under ED's scanner for attending Sourabh Chandrakar's wedding in Dubai, as per a report from news platform India Today.

The world’s top bankers and investors mostly stayed away from last year’s United Nations climate conference in the Egyptian resort town of Sharm El-Sheikh. But holding December’s COP28 meeting in Dubai, one of the world’s major financial centers, pretty much guarantees they’ll make a much bigger showing.

Investing.com -- U.S. stock futures edged broadly lower on Wednesday following a day of losses on Wall Street that dragged the Dow into negative territory for the year. U.S. 10-year Treasury yields, meanwhile, continue to climb, adding to a recent surge that has challenged equities and hit a range of global currencies. Elsewhere, Kevin McCarthy is ousted as House Speaker, leaving the lower chamber of the U.S. Congress leaderless with a November government funding deadline looming.

GENEVA (Reuters) — The United Nations trade body called on Wednesday for global growth to be revived by reducing inequalities between countries and for top central banks to play a bigger role in stabilising the world economy.

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TikTok said it will halt its online retail operation in Indonesia on Wednesday to comply with the country's decision to ban e-commerce transactions on social media platforms — a big blow to the video platform's fastest-growing market. The Indonesian government announced the new regulation, which prohibits social media companies from facilitating sales of products on their platforms, on Sept 28 in a bid to protect small businesses from e-commerce competition, accusing the popular apps and websites of predatory pricing. The Chinese-owned video sharing app said in a statement it will stop facilitating e-commerce sales in TikTok Shop Indonesia by 5 pm Wednesday.

Google, Meta Platforms and other large online platforms' content moderation restrictions after some media outlets complained about arbitrary decisions removing their content. The draft rules require online platforms to carry news content for 24 hours before taking it down if this breaches their content moderation rules.

Rohit Agarwal, Senior Fund Manager, Kotak Life Insurance, says “even though India might outperform in the global terms, India will not be immune to global challenges. India will not be immune to the yield rates. For example, if the US 10-year is yielding 5% today, why should a US investor put his money outside his country at all? You are getting risk-free 5% in that country and that is a call that many asset allocators might take and that might impact some flows here and there. But on a standalone basis, India will still stand out in the world as a better place to be in.” What is happening to the global arena right now? Do you think this is just the start of a downturn or this is something that the Indian market will take in its stride and the outperformance will continue? As you said, these are volatile times and though we have not seen some of these yields in the last two decades or so, that does not mean that we do not know how to handle it. It means is there are macro issues on the corner, at the horizon, obviously especially on the global side.

Jammu and Kashmir Farooq Abdullah on Tuesday informed that the regional opposition parties will hold a joint peaceful protest on October 10 against trampling of constitutional rights and delay of elections here. Abdullah chaired a meeting of the regional opposition parties in Jammu in which leaders from Congress, People’s Democratic Party, Panthers Party and other political parties participated. They also condemned the raids against journalists in New Delhi. “Considering the situation on ground and how the constitution has been suspended in J&K and our rights have been attacked and trampled upon, we have decided to take out a peaceful protest on October 10,” said Abdullah.

₹30,000 on their smartphone 2 or 3 years ago are now looking at around ₹50,000 as a price point for their new phone—or even doubling or tripling their budget, notes Faisal Kawoosa, founder and chief analyst, Techarc. He further adds, "Of late, thanks to multiple Android brands, a mid-premium segment has emerged that is priced at around ₹30,000-40,000. For these customers, the mind map is that the next upgrade has to scale up in price to ₹50,000 and above.

Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Aalim Hakim’s clientele includes celebrities like Shahid Kapoor, Salman Khan, Varun Dhawan, Sidharth Malhotra, Arjun Kapoor, Ajay Devgn, Sanjay Dutt and Katrina Kaif. He also styles cricketers like Virat Kohli, Rohit Sharma, Ajinkya Rahane, KL Rahul, Sachin Tendulkar, Suresh Raina and Hardik Pandya. MS Dhoni has always been known for his haircuts.

Reuters late on Tuesday. India's retail inflation remained above the upper end of the central bank's 2%-6% tolerance band for a second consecutive month in August, though it eased from a 15-month high of 7.44% in July.

Qantas says Qatar Airways carries more Australians out of the country than tourists in, dismissing claims from the travel sector that denying the Middle Eastern carrier’s bid to add flights has damaged the economy as “overstated”.

the date on which it becomes the world’s biggest economy. The gap between American and Chinese GDP will be over $8trn in 2023, according to some forecasts. That is a bigger number than last year.

U.K. Home Secretary Suella Braverman has railed against unauthorized migrants, human-rights laws and “woke” critics of her hardline policies at the Conservative Party's annual conference