Country Financial News
27.09 / 10:21
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Canada’s miserly defence spending is increasingly embarrassing
NATO summit in 2019 when Mr Trump asked jeeringly: “Where are you at? What is your number?" Mr Trudeau had more friends at that summit than Mr Trump. But since the Russian invasion of Ukraine, Canada’s position as a penny-pinching outlier has become more embarrassing for the country. The statement of Jens Stoltenberg, NATO’s secretary-general, before the NATO summit in Vilnius this month that spending 2% of national GDP on defence was no longer to be regarded as the “the ceiling" but “the floor" could have been designed to cause blushes in Ottawa.
27.09 / 10:21
UPS
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World Cup 2023, Durga Puja driving surge in hotel, airlines fares in India: Jefferies
RedboxGlobal India on 27 September. Apart from the World Cup 2023, the tenure also coincides with the seasonally strong 3Q for the hospitality industry and the same is likely to benefit both hotels and airlines sectors (including IHCL, and Indigo) in 3Q, said the firm. In the 46 days, 48 matches will take place in 10 different cities in India, where 10 countries are participating.
27.09 / 10:21
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testing
Kim Jong Un has no desire to let his country rejoin the world
entered North Korea in nearly three and a half years were the Chinese ambassador and a handful of his staff. In recent weeks speculation has grown that seclusion may at last be easing. The rumours have been fuelled by Chinese customs statistics, satellite imagery and reports from the border that suggest a modest rise in trade between China and North Korea.
27.09 / 10:19
UPS
economy
Fitch
Moodys
Bill
country
The U.S. is weaker now than when we downgraded in 2011, former S&P ratings chairman says
The U.S. is in a weaker position now than when S&P downgraded its sovereign credit rating in 2011, according to the former chairman of the agency's Sovereign Rating Committee.
27.09 / 10:15
Manufacturing
economy
Enterprise
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country
Diamond industry associations ask members to temporarily stop import of rough diamonds
diamonds for two months starting from October 15 amid slowing global demand and rising inventories of domestic players. "...demand for loose polished diamonds and jewellery from large consuming economies such as the USA and China have been materially affected over the last many quarters, on the back of all-time highs of 2021 and 2022, with a visible slowdown in orders. «As a result, our country's exports have declined by 25 per cent during January-August, with a similar trend in September.
27.09 / 10:15
Provident
Progressive
Experts
country
rock
Department
Arunachal signs MoU with Norwegian Geotechnical Institute to explore harnessing geothermal potential
Norwegian Geotechnical Institute (NGI) to explore feasibility of harnessing geothermal potentials that the state’s numerous hot springs offer. The intention of this MoU is to provide a facilitating mechanism for the two parties to work together on mutually agreed, progressive and supportive activities; aiming for further development in the field of Geotechnics and Rock Engineering by dealing with complex sub-surface geological and geotechnical issues faced by the state. To begin with, NGI will carry out geological, geochemical and geothermal investigation of few selected geothermal sites in Tawang and West Kameng districts that will include MT Survey to decipher the deeper geoelectrical configuration of geothermal springs (hot-springs) and feasibility to utilize the Geothermal Energy resources for further use. The MoU was signed by Repo Ronya, Secretary, Science and Technology, Government of Arunachal Pradesh, and Dr Rajinder Bhasin, Technical Expert, NGI, Norway, in presence of Chief Minister Pema Khandu, Science and Technology Minister Honchun Ngandam, Chief Secretary Dharmendra and Dr Vivek Kumar, Senior Advisor, Norwegian Embassy, New Delhi. Congratulating NGI and the department of science and technology, Chief Minister Pema Khandu said that it’s a right step towards green and clean energy production especially in the light of global warming concerns. “It’s a great coincidence that this MoU is being signed on World Tourism Day as its theme this year is ‘Tourism & Green Investment’ that perfectly goes in tandem with this new initiative,” Khandu pointed. He expressed optimism that the study will lead to development of renewable geothermal sources in Arunachal Pradesh and increase energy supply to meet present and
27.09 / 10:15
Reuters
Manufacturing
Toyota
country
Toyota plans third India plant, new SUV as domestic sales surge
Toyota Motor plans to build a third car plant in India, expanding production capacity in the country for the first time in over a decade as its partnership with Suzuki Motor boosts domestic volumes, two sources said. The world's biggest car maker wants the plant to start with capacity of 80,000-120,000 vehicles a year, which could grow to around 200,000 over time, said one of the people who has direct knowledge of the plans. The plant's proposed initial capacity would expand Toyota's existing manufacturing capacity in India by as much as 30% from 400,000 units currently. Toyota has also begun development of a new sport utility vehicle (SUV) for the Indian market that would be launched in early 2026 and be an anchor product for the new factory, said the person and a third source briefed on the company's plans. The sources declined to be identified as the automaker has not disclosed the expansion plans. A representative for Toyota's India unit declined to comment. Toyota's India sales have soared due to a global partnership with Suzuki under which the two Japanese car makers take some vehicles originally developed by their partner, then tweak and sell under their own brands to fill out their product line-up. Cars originally from Maruti Suzuki's stable such as the Glanza hatchback and Urban Cruiser Hyryder SUV now account for 40% of Toyota's India sales. About two-thirds of Toyota's current production capacity is used by Maruti Suzuki to build vehicles for both car makers as part of their partnership. Toyota, known for its Fortuner SUV and Camry hybrid in India, told Reuters earlier in September it expects record domestic sales in 2023. The Japanese car maker is now aiming to have production capacity of 500,000
27.09 / 10:15
President
stage
country
Could India-Canada row mark an 'Israel Moment' for India's diplomacy?
India's diplomatic relations, noted Pakistani author Ayesha Siddiqa suggests that the ongoing tensions with Canada over the Khalistani issue could be akin to India's «Israel moment.» Siddiqa's insights, shared in an article published on the UK-based website The Middle East Eye, shed light on the current state of affairs between the two nations. India's response to Canada's accusations of New Delhi's involvement in the murder of a Khalistani extremist on Canadian soil appears to be one of relative composure. Prime Minister Justin Trudeau's allegations, although serious, have not rattled India to an excessive degree.
27.09 / 10:05
UPS
Digital
Cooper
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Support
BIS chief calls on countries to modernise legal frameworks to support CBDCs
According to an IMF paper published in 2021, close to 80% of central banks are either not allowed to issue a digital currency under their existing laws, or the legal framework is unclear."This needs to be rectified," says Carstens. "The public rightly demands forms of money that meet their needs and expectations.
27.09 / 10:01
Dreams
President
Celebrity
country
exclusive
gatherings
France concerned about Indo-Pacific safety, says French Army Chief
French Army, General Pierre Schill Wednesday expressed concern on Indo-Pacific's safety and said that Prime Minister Narendra Modi's participation in the Bastille Day is a sign of deepening strategic partnership between India and France. Pierre Schill, in an exclusive interview, said, «So France, as a nation of Pacific is also concerned in free movements and open space in the Pacific and the fact that through the multilateral coordination between nations and also armies to have the right and the laws been forced and for a free access to Pacific.» He was speaking on the sidelines of the Indo-Pacific Armies Chiefs Conference (IPACC) at Manekshaw Centre in Delhi. On India's ties with France, he said, «We were very proud to welcome Prime Minister Modi for the Bastille Day in France and some of your units that were opening the big parade we have on those days. This is a sign of some kind of strategic partnership we have, which is very important because we have some very close strategic assessment of the world.
27.09 / 10:01
Provident
Google
country
information
travelers
Google brings Android earthquake alerts to India
Google has introduced its Android Earthquake Alerts System in India, the company said in a press release on September 27. The new system was introduced in the country after consultation with the National Disaster Management Authority (NDMA) and the National Seismology Center (NSC). According to the press release, the system uses sensors in Android smartphones to detect and estimate earthquakes. Then it provides people with an early warning when the shaking starts. Many countries around the world have already deployed this system, it said. The release said, «Each Android smartphone is equipped with tiny accelerometers that can act as mini seismometers.
27.09 / 10:01
FIVE
Rhythm
shootings
performer
country
Silver
Asian Games: Anant Jeet secures silver medal in men's skeet shooting
Anant Jeet Singh added another medal to India's tally at the Asian Games, securing a silver medal in the men's skeet individual final on Wednesday. He got 58 points. The gold medal was bagged by Kuwait's Abdullah Alrashidi, who scored 60 points to level with the world record held by India's Angad Vir Singh.
27.09 / 08:09
UPS
AXY
Strategy
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innovations
wholesale
Yes Bank appoints Manish Jain as Country Head- Wholesale Banking today; stock gains marginally
(Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Jain is a senior banking professional with three decades of work experience which includes 23 years in Standard Chartered Bank. He has worked in diverse geographical locations throughout India serving all client segments like Large Local Corporates, Strategic Groups, Middle Market Companies, Supply Chain Finance, Transaction Banking sales, Multinational Corporates, Financial Institutions, and SMEs.
27.09 / 07:17
COST
Citi
country
cover
Shadowfax adds over 2000 cities, reaches 14K pincodes to enable e-commerce deliveries ahead of festive season
Shadowfax on Wednesday announced an increase in its India coverage to 14,000 pincodes. This marks an increase of over 6000 pincodes from January this year which will help the company serve more than 85% of India's population.
27.09 / 07:17
UPS
Reuters
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end
Canadian farmers may end up paying the price for Justin Trudeau's adventurism
Nijjar at a gurdwara in Surrey in June can have far-reaching implications for ties between the two countries. Many think Trudeau has thrown Canada's national interest under the bus for narrow political gains.
27.09 / 07:17
COST
Manufacturing
Remark
Death
country
electronic
India should move to ethanol or hydrogen cars instead of electric cars: Maruti Chairman
hybrid cars because in the country, 75 per cent of the electricity is made from coal, according to R.C. Bhargava, the Chairman of Maruti Suzuki Ltd. He made the remarks while addressing the 50th National Management Convention organised by All India Management Association (AIMA). Bhargava said that the electric cars will not be clean until India gets at least 50 per cent of its electricity from renewable sources.
27.09 / 07:07
FIVE
Fighting
Yellow
Rhythm
shootings
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Indian
Hangzhou Asian Games: Indian shooters surpass 2018 games tally
Asian Games has ensured that India's shooting contingent bettered its 2018 Asian Games' performance. Sift scored 469.6 points in the final against 462.3 from silver winner Q Zhang of China, such was her dominance in the medal round. Ashi Chouksey won bronze in the same event, making it a double delight for the countrymen. India has so far won three gold, two silver and five bronze medals from the shooting range, better than last edition's tally of two gold, four silver and three bronze medals.
27.09 / 06:23
27.09 / 06:15
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Celebrity
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David Beckham, Ronaldo representing India at Asian Games 2023; and, this is their story
Immigration officials scrutinised his passport multiple times, finding it hard to believe that someone could genuinely be named David Beckham. It wasn't until they saw the formal identification that they permitted him entry into the country. Elkatohchoongo recalls how his father, a street footballer himself, had always admired the English Beckham and named his son in tribute.
27.09 / 05:29
Provident
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Watch | BJP MP Maneka Gandhi accuses ISKCON of selling cows to butchers; ISKCON denies allegations, provides evidence
Sabse bade jo yaha desh ke dhokebaaz hai...wo hai ISKCON. Wo rakhte hai Gaushalas aur sarkar se duniya bhar ke faayede milte hai gsushalas chalane ke...unhe zameen milti hai sab kuch milta hai. Main abhi unki Anantpur Gaushala mein gayi. Ek bhi sukhi gayi nahi thi. Puri ki puri dairy thi magar ek bhi bachda nahi hai...iska matlab sab beche gaye. ISCKON is selling all its cows to the butchers. Jitna yeh karte hai utna koi ni karta. (The biggest cheater in the country is ISKON.
27.09 / 05:29
UPS
FIVE
Manufacturing
economy
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country
stars
mid-cap
2024
5 mid-cap stocks set to grow dramatically in 2024. Add them to your watchlist
mid-cap stocks have once again proved their potential by outperforming the benchmark indices in 2023 by a huge margin. Mid-cap stocks have the potential to give high returns in a bullish market phase. Although individual stock performance is the primary reason behind this rally, another important contributing factor is the performance of the Indian economy and the rising importance of India as a key player in the global supply chain.
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