Country Financial News

New Delhi: With oil prices on the boil, union petroleum and natural gas minister Hardeep Singh Puri has asked the Organisation of the Petroleum Exporting Countries (OPEC) to be sensitive to the needs of oil-consuming nations and curb output cuts. Taking to X, formerly Twitter, Puri said he discussed the global energy scenario during his meeting with OPEC secretary general Haitham Al Ghais on Tuesday. "Discussed the global energy scenario in my meeting with OPEC SG, HE #HaithamAlGhais.

New Delhi: Ensuring women comprise 50% of the labour force could be the best way for India to increase its its GDP growth rate by 1% and touch the 8% growth it needs to become a $5 trillion economy by 2030, World Bank India director Auguste Tano Kouame said in an exclusive interview with Mint, adding however that the global environment is not conducive to its ambitions. Kouame said investments worth about $7 billion could come to India even before Indian securities are included in the JPMorgan emerging markets bond index in 2024. After the inclusion, investments worth more than $25 billion are expected.

world cup fame, Sachin Tendulkar to be the "ICC Global Ambassador for Men’s Cricket World Cup 2023." Tendulkar will walk out with the Men’s Cricket World Cup Trophy before the opening match at the Narendra Modi Stadium in Ahmedabad, declaring the tournament open, ICC said. «It’s a real honour to have Sachin as our Global Ambassador as we celebrate the one-day game and get set for what we know is going to be the biggest Men’s Cricket World Cup ever,» said Claire Furlong, ICC General Manager, Marketing & Communications. The Indian legend said that world cups have always held a special place in his heart and he hopes that this edition will inspire youngsters across country to pick up sports and represent their countries.

Eye care chain Dr. Agarwals Eye Hospitals said it will be investing upto $150 million in next 2-3 years to almost double its network to 300 eye hospitals in India and Africa. «We are planning to open at least one eye-hospital every week, for next 2-3 years,» said Dr. Amar Agarwal, chairman, Dr. Agarwals Eye Hospitals in an interview to ET.

ABU DHABI : India, the world's third-biggest oil importer, on Tuesday urged producers to show "sensitivity" towards consuming countries, hit by prices largely trading above $90 a barrel since Saudi Arabia and Russia decided to extend voluntary cuts to year-end. "During pandemic, when crude oil prices crashed, the world came together to stabilize the prices to make it sustainable for the producers," Indian oil minister Hardeep Singh Puri, in Abu Dhabi to attend an industry conference, said after a meeting with OPEC Secretary General Haitham Al Ghais.

₹26.4 trillion or around 9.7% of gross domestic product. A Bloomberg report suggests this is the highest among the 20 countries in JPMorgan’s bond index. Over the years, governments in India have funded themselves through financial repression, with a significant portion of every new deposit coming into the banking system being funnelled into buying government bonds.

Forex trading can be done through forex brokers or financial institutions that provide access to the market and the necessary trading tools. It's important to note that forex trading involves risk and requires knowledge, experience, and careful analysis. The most active currencies are the major currency pairs.

Delhi High Court on Tuesday sought response from the Telecom Regulatory Authority of India (Trai) on the All India Digital Cable Federation’s (AIDCF) petition alleging that the telecom regulator did not consider all its issues in the consultation paper ‘Review of Regulatory Framework for Broadcasting and Cable services" including the demand of Multi System Operators (MSOs) to make their own bouquet of TV channels. While Trai had on August 8 issued the consultation paper on issues pertaining to tariff, interconnection and quality of service of broadcasting and cable services, the Consultation Paper “fails to meet the standard of transparency,” the cable body stated in its petition filed through counsel Swapnil Gupta.

₹8,000-9,000," said Tarun Garg, chief operating officer (COO), Hyundai Motors India, told Mint. Hyundai's strategy to grab an edge back from the competition involves a three-pronged strategy: make advanced safety features such as ADAS (advanced driver assistance system) available as an optional feature in more of its current line-up of products (from 38% at present to 60% by 2024 and eventually 100% of its model range), make active safety features such as ESC (Electronic Stability Control) with VSM (Vehicle Stability Management) available in one or more trims across all models, and make basic passive safety equipment like six airbags for passenger and driver, three-point seatbelt and seat belt reminders standard across all models. "We enhanced our ADAS offering from a single model (Tuscon) to five models, including the Exter, in just one year, The response has been very good.

NEW DELHI (Reuters) — India has asked Canada to reduce its diplomatic staff in the country by more than half, the Financial Times reported on Tuesday, with ties fraying after Canadian Prime Minister Justin Trudeau publicly levelled suspicions that Indian agents were involved in the killing of a Sikh separatist leader in Canada.

Airbnb CEO and co-founder Brian Chesky has dubbed the company a ‘fundamentally broken business’, which is certainly unusual. CEOs normally sound upbeat and Chesky, on the face of it, has reasons to be optimistic. The company has global brand recognition and is the pioneer in a business with strong traction.

Click here! "The attacker was arrested. In fact, he surrendered," Thailand Prime Minister Srettha Thavisin said, adding that “the situation had been brought under control and police were clearing the scene".

Enrollment is declining in union-run public schools across the country, and Los Angeles lost about 7.6% of its K-12 students from 2020-21 to 2022-23. Yet the teachers union and its allies in the city are mounting an effort to restrict charter schools from using empty space in district schools. California law requires school districts to make space available to charter students through “co-location." This lets charters reach agreements to use classrooms and other space in district school buildings.

On Friday this column noted concern among Democrats that Joe Biden insists on talking about “Bidenomics" even as Americans remain upset about his degradation of our money. Now one of the president’s allies has expanded his friendly critique into a full-blown 2024 Democratic campaign strategy: Instead of talking about the president, attack people who aren’t the president. “Biden should stop focusing on the economy" reads an MSNBC headline over a story from former Jill Biden press secretary Michael LaRosa.

tourism sector, Bhutan has planned to reduce the 'expensive' airfares to lower the price for visitors travelling to the country, Bhutan Live reported. According to country's Finance Minister, this step would result in uptick of travellers to the country and increase the number of visitors that visit the nation, as the «expensive» airfare frequently discourages travellers from travelling to Bhutan. Moreover, the government has put in place a number of incentives, such as lowering the Sustainable Development Fee (SDF) from USD200 to USD100 per person, each night. Other plans, include permitting low-cost hotels to accommodate tourists and creating other long-stay incentive programmes. The government is currently taking action to encourage travellers by considering price reductions. “The government is planning with Drukair Corporation and Bhutan Airlines to reduce the airfare for the tourists.

type 2 diabetes at the age of 30 could see their life expectancy fall by as much as 14 years, according to a study published in The Lancet Diabetes & Endocrinology. The analysis of data from 19 high-income countries found that even people who do develop the condition at the age of 50 could see their life expectancy fall by up to six years. The findings highlight the urgent need to develop and implement interventions that prevent or delay onset of diabetes, especially as the prevalence of diabetes among younger adults is rising globally, the researchers said.

Thakur Tuesday claimed that BJP is pro-poor and its government led by Prime Minister Narendra Modi has pulled more than18.5 crore people in the country from below the poverty line. The people of the country believe in Modi and his policies, Thakur said replying to a question relating to Odisha Chief Minister Naveen Patnaik allegedly calling opposition parties in the state — the BJP and Congress 'anti-people' and 'anti-development.' He along with his cabinet colleague Dharmendra Pradhan claimed that Modi's present popularity is above 78 per cent that he is the most popular leader not only in the country, but across the world.

Narendra Modi on Tuesday said the Congress should clarify whether rights can be given in proportion to the «abadi» (population) and asserted that poor people have the first right over the country's resources. He also asked whether the grand old party wants to decrease the rights of the Muslims. His statements come a day after the Nitish Kumar-led Bihar government released a caste survey, which revealed that OBCs and EBCs constitute a whopping 63 per cent of the state's total population.

The MAC conducted a review of the Shortage Occupation List (SOL) and expressed concerns that making it easier to recruit low-wage workers could increase the risk of exploitation. Currently, employers can hire migrant workers at 80% of the standard «going rate» for specific occupations listed on the SOL. This includes roles like bricklayers and care workers. Being on the SOL allows employers to bypass the general minimum salary threshold for a skilled worker visa, which is £26,200. Consequently, sectors with wages below this threshold have particularly benefited from inclusion on the list. The MAC's recommendation stems from concerns that low-wage migrants may result in a net fiscal cost for the UK, and the administrative burden of the scheme can be uneconomical for many businesses. The committee believes that abolishing the SOL would be a preferable approach to addressing labor shortages in low-wage sectors. The MAC suggested that no employer should be allowed to pay below the going rate, as this would help protect resident workers from wage undercutting and reduce the potential exploitation of migrant workers. The Home Office has not provided an immediate response to the report.

Telangana Super Thermal Power Project of the NTPC. It will provide low-cost power to the state and will boost its economic development.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here! Jilani will be addressing the forum's opening ceremony, and will be holding meetings at its sidelines with his Chinese and Afghan counterpart, as well as the deputy prime minister of Mongolia, the statement added.