Country Financial News
27.09 / 01:12
Provident
Digital
Manufacturing
CEO
NetApp
country
India will become top market in Asia in 3-5 years: Netapp CEO
Netapp expects the Indian market to accelerate and become the data storage firm’s largest market in Asia in the next three to five years from the top three position currently. This will be on the back of the country’s demographic and economic advantages, and Netapp's headroom to grow in this market, George Kurian, chief executive and member of the board of Netapp, told ET. Kerala-born Kurian, who became chief of the $6.36 billion company in 2015, is currently on a visit to India.
26.09 / 23:59
COST
Action
economy
Fitch
Moodys
President
country
Moody's warns government shutdown could hurt US credit rating
Potomac Wealth Advisors founder and president Mark Avallone discusses the markets as a government shutdown looms, inflation and his outlook on the economy ahead of the release of updated economic data.
26.09 / 21:11
UPS
Citizens
VISA
show
country
Diane Francis: Trudeau's diplomatic blunder raises questions about who's really running the show
Prime Minister Justin Trudeau’s announcement on Sept. 18 that, “Canadian security agencies have been actively pursuing credible allegations of a potential link between agents of the Government of India and the killing of a Canadian citizen, (Sikh separatist leader) Hardeep Singh Nijjar,” has blown up Canada’s relationship with India.
26.09 / 20:47
UPS
President
country
2020
Swiss prosecutors indict an ex-employee of trading firm Gunvor over bribes paid in Republic of Congo
Swiss federal prosecutors say they have indicted a former employee of the Geneva-based commodities trading firm Gunvor over bribes paid to obtain access to the Republic of Congo’s petroleum market more than a decade ago
26.09 / 20:47
Citi
Entertainment
President
country
MGM
hospital
Las Vegas hospitality workers could go on strike as union holds authorization vote
Tens of thousands of hospitality workers in Las Vegas are set to vote on whether to authorize a strike that could disrupt dozens of resorts
26.09 / 20:47
Provident
CEO
Bill
country
information
reports
donates
NOT
Latino charitable giving rates drop sharply — but that’s not the full story
The share of Latinos who give to established charities has dropped sharply since 2008, a new study has found
26.09 / 20:19
COST
Continental
RIO
country
reports
Aussie hydrogen exports to Europe could be a pipedream, report warns
London | Europe is more likely to meet its potentially burgeoning demand for hydrogen via pipelines from nearby countries, not shipping from far-flung sources like Australia, a leading energy think tank has warned.
26.09 / 20:19
UPS
Provident
FIVE
Digital
Platform
country
innovations
services
Financial
Financial services elephants need the little guys
Global banking regulation has bolstered the case for bigger is better when it comes to financial services in the current age. But the bigger banks grow, the harder it is to innovate the types of solutions that deliver step-changes for customers.
26.09 / 20:19
COST
UPS
Action
Fitch
country
When will insurers cut premiums? Here’s what the global giants say
London | When Assistant Treasurer Stephen Jones sat down with reinsurance execs in their HQs in London and Munich, he was surprised to find them bringing up an inland Queensland town with a population of just 7000 people.
26.09 / 19:17
COST
UPS
Bill
country
cover
French bill moves food price deadline up to middle of January
PARIS (Reuters) — Food retailers and producers in France will have to wrap up annual price negotiations by Jan. 15 instead of by the traditional March 1 deadline under a bill the French government will send to the parliament on Wednesday.
26.09 / 18:33
Digital
Manufacturing
Mobile
economy
vaccine
country
PM hands out job letters, urges youth to adopt, improve tech
Narendra Modi underscored the growing significance of technology in creating new avenues of employment, checking corruption, promoting ease of living, improving credibility and decreasing complexities. He stated that there is record investment in the country today and sectors from renewable energy and organic farming to defence and tourism have seen a spurt in job creation. Modi distributed virtually employment letters to 51,000 people at a Rozgar Mela on Tuesday.
26.09 / 18:33
COST
Provident
Target
country
prevention
Niti Aayog to evaluate food and LPG subsidy schemes
Niti Aayog will soon undertake an evaluation of India's biggest subsidy schemes, the National Food Security Act and LPG subsidy, to rationalise expenditure, prevent leakages, and ensure benefits are reaching eligible people. Development Monitoring and Evaluation Office (DMEO), which is attached to Niti Aayog, has invited proposals for a central coordinating agency for evaluation of the two schemes, which together cost the exchequer nearly ₹4 lakh crore a year.
26.09 / 18:33
Action
country
Indian
Sri Lanka backs Indian actions against Canada
Canada's allegations has been «firm and direct», outgoing Sri Lankan high commissioner to India Milinda Moragoda said, adding that Colombo supports New Delhi on the matter. Addressing a meeting at Foreign Correspondents' Club on Monday night, he said the people of Sri Lanka have suffered due to terrorism, for which his country has zero tolerance. «I think India's response has been equitable and also firm and direct,» Moragoda said. «And, I think, as far as we are concerned, we support India on that.
26.09 / 18:21
UPS
Extreme
Remark
country
Department
SOLIDARITY
S Jaishankar takes veiled dig at Canada in UNGA speech
S Jaishankar on Tuesday in a veiled message to Canada asserted that «political convenience» cannot be the basis for a response to terrorism or extremism while calling on the global community to respect the rules-based order and the UN Charter. Addressing the UN General Assembly in New York, the minister also called out nations (without naming any) for interfering with the internal affairs of other countries. Jaishankar's remarks — coming amid the India-Canada diplomatic row and continuing tension along the border with Pakistan — have been interpreted as a subtle swipe at both the countries. Last week, there were sharper words for Pakistan where India demanded Islamabad shut its «infrastructure of terrorism» and said that matters pertaining to Jammu and Kashmir and Ladakh were its «internal affairs». «The power of markets should not be utilised to steer food and energy from the needy to the wealthy.
26.09 / 18:21
Provident
Target
Aware
Manufacturing
country
electronic
Department
DGFT opens registration of companies seeking to import IT hardware
DGFT) has opened the window for registration of companies seeking to import IT hardware such as laptops and tablets, with a one-week target for approval of an application. As per officials aware of the details, companies need to provide value and volume details around import/export of hardware along with domestic manufacturing for the past three years. The firms also need to disclose the country of origin for imports. «The format for registration has been shared and companies can revert if some things need to be fine-tuned.
26.09 / 17:29
26.09 / 17:07
UPS
Action
Amicus
country
Supreme Court asks Haryana to take steps to ensure filling up of 275 junior civil judge vacant posts
Supreme Court on Tuesday took note of the «urgent need» to ensure filling up of 275 vacancies for the post of junior civil judge in Haryana and directed the state to take necessary steps within two weeks to ensure that the recruitment is conducted. A bench headed by Chief Justice D Y Chandrachud said the recruitment be conducted by a committee consisting of three judges of the Punjab and Haryana High Court nominated by the chief justice there, the state's chief secretary, the Advocate General of Haryana and the chairperson of the Haryana Public Service Commission.
26.09 / 17:07
UPS
Citizens
Aware
President
country
voice
India's G20 presidency saw direct participation of 1.5 crore citizens: P K Mishra
P K Mishra said on Tuesday that over 1.5 crore citizens directly participated in various G20 events held across the country during the country's presidency of the powerful bloc. Speaking at the G20 University Connect Finale at Bharat Mandapam here, he said with events such as awareness rallies, selfie with monuments, contests, essay and quiz competitions, workshops, marathons, cleanliness drives and 'Yuva Samvaad', the objectives of the G20 were taken to the last mile.
26.09 / 17:07
UPS
Provident
Action
economy
Enterprise
country
Department
end
Barauni-Guwahati pipeline to provide gas in Guwahati by end of the year
Barauni-Guwahati Pipeline will provide gas in Guwahati by the end of the year, and Assam will be linked with the National Gas Grid. Gas conclave a day-long brainstorming workshop on the prospects and challenges of the usage of natural gas, was organized by the Department of Industries, Commerce & Public Enterprises, Government of Assam on Tuesday in Guwahati. Minister, Industries, Commerce Bimal Bora while commending the pioneering role of Assam in the petroleum and natural gas sector in the country, noted how the Hydro-carbon Vision 2030 for North-East India of the Central Government has opened up several vistas of economic development through natural gas; and further noted how Assam has so much reserves of natural gas that it can fuel its economy based on this clean and green fuel. In this regard, he stressed on evolving synergy among the different stakeholders of the entire value chain of natural gas. GAIL India Limited representative announced that the Barauni-Guwahati Pipeline shall be able to provide gas in Guwahati by the end of the year, thereby marking a major milestone in the linkage of the State with the National Gas Grid.
26.09 / 16:53
UPS
FIVE
Merit
stage
country
consequences
Seven-judge bench to review SC’s April arbitration verdict
New Delhi: Citing the “limitless uncertainty in the area of arbitration" at present, the Supreme Court on Tuesday preferred a seven-judge bench to review its ruling in April that held an arbitration clause is not enforceable in law if the agreement is unstamped or insufficiently stamped. The April judgment was expected to create further delays in appointment of arbitrators by adding one more layer of scrutiny, besides being contrary to India’s pro-arbitration stance.
26.09 / 16:45
Digital
Manufacturing
Enterprise
NetApp
country
innovations
‘India to be NetApp’s largest market in Asia in next 5 years’
Edited excerpts: What challenges do CIO and CTOs face when it comes to storage and data management? How will NetApp resolve issues of technology leaders in their digital transformation journey? CIOs and CTOs have been impacted by increasing cloud complexity, that potentially leads to poor IT performance, loss in revenues, and are barriers to business growth. This is where NetApp steps in to create harmonization across the cloud, help enterprises automate data, and build resilience across the cloud. We have partnered with hyperscalers such as Amazon, Microsoft, and Google to increase the speed of innovation, lower costs and improve consistency, flexibility and agility across on-premises and cloud environments—thereby helping them in digitization journey.
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