Country Financial News

Click here! The move comes in the backdrop of India suspending visa services in its Canadian missions, and directing Canada to cut its diplomatic staff in India. Tensions flared between the two countries following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, on his country's soil on June 18 in British Columbia.

export duty imposed on Bangalore rose onions and Krishnapuram rose onions grown in Karnataka and Andhra Pradesh, respectively, said trade sources. The government on August 19 imposed a 40% duty on all types of onions exported from India to tame strong bullish trend in onion prices. This caused a nearly 70% fall in onion exports, said market sources. Meanwhile, in a meeting held on Monday, traders from Nashik decided to continue their onion strike that started on September 20.

The passage of the Women's Reservation Bill on September 20 was a landmark step. The Bill reserves one-third of the seats in Lok Sabha and state legislative assemblies for women. The move is expected to make Indian political leadership more diverse and inclusive while empowering women lawmakers to articulate and act upon the concerns and issues of women residing in diverse geographies and cultures. The 33% quota for women will leapfrog India into one of 64 countries around the world that have reserved seats for women in their parliaments. Studies have shown that women in leadership positions positively impact policy delivery, programmes and financing that improve the lives of women and their families, communities and their nations. Let's consider the current scenario in terms of how women fare in the job market and how this is linked to their education level. Estimates based on PRICE's countrywide ICE 360° surveys reveal interesting insights:

Check out the companies making headlines in midday trading.

Beijing on Monday that tough security laws and a more «politicised» business environment have left European companies struggling to understand their obligations and questioning their future in China. China's refusal to condemn ally Russia for its war in Ukraine also poses a «reputational risk» for the world's second-largest economy, Trade Commissioner Valdis Dombrovskis said in a speech at Beijing's Tsinghua University. He said transparency and openness were «a winning strategy in the long run», at a time when trade tensions between the European bloc and China are mounting. «China is navigating a challenging transition from an investment-led economy to a broad-based economy,» he said. «For this it needs to remain open.» Dombrovskis's four-day trip, which kicked off Saturday, follows a report by the EU Chamber of Commerce that showed business confidence was at one of its lowest levels in years. It also follows Brussels' decision to launch a probe into Beijing's electric car subsidies. The investigation could see the EU try to protect European carmakers by imposing punitive tariffs on vehicles it believes are unfairly sold at a lower price. Chinese Vice Premier He Lifeng on Monday reiterated Beijing's «strong dissatisfaction» over the probe. «China once again expresses its high concern and strong dissatisfaction with the EU's plan to launch an anti-subsidy investigation into Chinese electric vehicles,» He told a joint press conference with Dombrovskis following their talks. «We hope that the EU side will deal with that issue with caution and continue to maintain a free and open market,» he added. But Dombrovskis painted a more positive picture of Monday's conversations, saying the two sides had agreed to «resume regular

India, Canadian Prime Minister Justin Trudeau may have picked up a battle with Israel by inviting an ex-Nazi to the country's parliament on the occasion of a visit by Ukrainian president Volodymyr Zelenskyy last week. Canadian House of Commons speaker Anthony Rota on Sunday issued an apology to the Jewish community for honouring Yaroslav Hunka, 98, who served in a Nazi division in Ukraine during the Second World War. The apology came after Canada's leader of opposition Pierre Poilievre pointed out Trudeau's «appalling error in judgment» as the prime minister's office is responsible for arranging and vetting all guests and programming for state visits. In a post on X, Poilievre said Liberals arranged for a Nazi veteran to be recognised on the floor of the House of Commons during Zelenskyy's visit and demanded an apology from thePM.

Narendra Modi launched a scathing attack on Congress here on Monday, alleging that the party and its allies have lost their moorings and the organisation has outsourced its work to "urban naxals" who call the shots, from deciding slogans to policies. He said Congress is like a rusting iron which is fast nearing its end. Addressing a rally here, he underscored the passage of women's quota bill, successful hosting of G20 summit and Chandrayaan-3's launch among the achievements of his government. He asserted when «Modi promises something he delivers», thereby leaving no doubt among voters that BJP campaign in the forthcoming polls will be centred around encashing Modi's popularity. «We have seen for some time now that Congress leaders who are rooted to the ground have sealed their lips.

EU will roll out the Carbon Border Adjustment Mechanism (CBAM), a price adjustment system that will be applied to certain imports based on their carbon footprint. Currently, the system will apply to iron and steel, cement, aluminium, fertiliser and electricity. It will impact Indian exports, particularly steel. CBAM will be a reporting exercise till January 2026.

Telangana K T Rama Rao on Monday said a strong people's movement would emerge in the southern states if the exercise of delimitation leads to a decline in the number of seats. He was responding to reports indicating a decline in number of Lok Sabha constituencies in the southern states following delimitation if seats are revised on the basis of projected population for 2026. «This delimitation (if the numbers reported are right) will lead to a strong people's movement in the entire Southern India.

NEW DELHI : National parties have lined up farm loan waivers, income support schemes and the old pension scheme as they look to seize or retain power in key Assembly elections. Five states—Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram— go to Assembly polls in November and December.

Roche's Avastin cancer drug after 12 diabetic patients injected with the drug became blind, said a report by news agency Reuters. The health authorities in Punjab had launched the investigation into local use of the drug Avastin, the report said citing the Drug Regulatory Authority of Pakistan (DRAP).

Surat/Chennai: During his State visit to the US in June, Prime Minister Narendra Modi carried a unique gift for First Lady Jill Biden. It was a 7.5-carat diamond, neatly packed in an exquisite Kashmiri papier-mache box. It was not a diamond that had been mined from deep under the earth; instead, it had been grown in a laboratory in Surat, mimicking the conditions that create natural diamonds.

NEW DELHI : Valdis Dombrovskis, the EU’s chief trade negotiator, did some plain-speaking with China on Monday, saying that the latter’s tough security laws and a politicized environment had left European businesses anxious over their future in the country. While on tour there, he also said that the EU was being forced to act assertively.

India from Spain and asserted that Madrid would like to be a «very trusted bilateral partner» for New Delhi. The aircraft was inducted into the Indian Air Force in a ceremony at the Hindan Air Force Station on Monday. Ridao attended the ceremony, which took place in the presence of Defence Minister Rajnath Singh, Air Chief Marshal VR Chaudhari and senior officials of the Indian Air Force (IAF) and those from Airbus and Tata Advanced Systems (TASL). The medium tactical transport aircraft arrived in Vadodara on September 20, days after it was handed over to the IAF in the southern Spanish city of Seville, where Airbus has a facility. «The first plane (C-295) coming from Spain in this programme, and we are very happy, and at the same time, we are very engaged with this programme… we think that it is a great opportunity to become an important partner for India in this particular area, which is defence industry.

India will cut the floor price for basmati rice exports in the coming days, sources familiar with the matter said, after millers and traders complained about a sharp drop in overseas sales of the premium aromatic grain. India will lower the basmati floor price to $850 a metric ton, down from $1,200 a ton, to help millers and traders ship out the rice grade, said the sources, who didn't wish to be identified as they are not authorised to talk to media. Last month, India fixed the floor price, or the minimum export price (MEP), for basmati rice shipments at $1,200 a metric ton. Authorities said the MEP was imposed to help New Delhi ensure that non-basmati rice was not exported as basmati rice. In July, India surprised buyers by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year. «The decision to lower the basmati MEP would help farmers who were losing money on account of falling exports,» said Prem Garg, president of the Indian Rice Exporters Federation. «The move will also help India retain its pre-eminent position in the global basmati rice market.» Since basmati rice is not widely consumed in India, and the new season crop will start arriving in the market from next month, India would have faced a glut of the superior grade, Garg said. «A large stockpile would have hammered prices and hurt farmers and India's rice sector, so the move to lower the MEP will be quite helpful,» he said. India and Pakistan exclusively grow premium, aromatic basmati rice.

Sikh group gathered outside the Indian diplomatic mission in Toronto on Monday, a week after Prime Minister Justin Trudeau raised the prospect of New Delhi's involvement in the murder of a Sikh separatist leader in British Columbia. The protests, which are also planned in Ottawa and Vancouver, are aimed at increasing public awareness about India's alleged role in the killing of Hardeep Singh Nijjar, who was shot dead outside a Sikh temple on June 18 in Surrey, a Vancouver suburb with a high Sikh population, one organizer told Reuters. Between 100 and 150 members were expected to join the protests, Jatinder Singh Grewal, a director of the group Sikh for Justice in Canada, said, but only a dozen people had gathered in front of the Indian consulate in Toronto around noon when the demonstration was set to begin. Protesters began chanting «Khalistan live forever» in the Punjabi language. Trudeau said last week Canada was pursuing «credible allegations» that Indian government agents may have been involved in Nijjar's murder. India swiftly denied any role in the killing and described the allegations as «absurd». The accusations have sparked tit-for-tat retaliation from both countries, with each nation expelling diplomats and New Delhi suspending visas for Canadians. «We are asking Canada to expel the India ambassador, Grewal told Reuters on Sunday. The Indian High Commissioner to Canada, Sanjay Kumar Verma, said concerned authorities have been informed of the protests. »Ensuring security of diplomatic premises and personnel is responsibility of the host country.

Interpol, on Monday issued a Red Corner Notice against Karanvir Singh, a member of the banned terrorist group Babbar Khalsa International. Interpol updated its website by putting out a Red Corner Notice for the Khalistleader. According to intelligence sources, Singh is believed to be hiding in Pakistan and was a member of the pro-Khalistan terrorist group Babbar Khalsa International. As per the Interpol portal, 38-year-old Karanvir Singh has roots in Punjab's Kapurthala district. Further, according to Interpol, Singh is wanted by India for criminal conspiracy, murder, offences related to the Arms Act, and Explosive Substances Act, raising funds for terrorist acts, conspiracy, and being a member of a terrorist gang or organisation. A Red Corner Notice is a request to the law enforcement authorities of Interpol's member countries to find and temporarily detain a person until extradition, surrender, or a similar legal process can take place. Earlier, Interpol issued a Red Notice to all member countries against gangster Himanshu alias Bhau, who is believed to be living abroad. Giving details, a spokesman of Haryana Police said Rohtak Police succeeded in getting a Red Corner Notice issued against a most wanted accused, who is believed to have fled abroad. The Red Corner Notice against the wanted pro-Khalistani leader comes amid a diplomatic spat between New Delhi and Ottawa in the wake of Canadian Prime Minister Justin Trudeau's claim of an India hand in the killing of Sikh separatist leader Hardeep Singh Nijjar. New Delhi dismissed the allegations, calling them 'absurd' and 'motivated'. At a news conference in New York, the Canadian PM, however, failed to present any evidence to back his claim of Indian involvement in

Narendra Modi launched a scathing attack on the Congress here on Monday, alleging that the party and its allies have lost their moorings and the organisation has outsourced its work to “urban naxals” who call the shots, from deciding slogans to policies. He said the grand old party is like a rusting iron which is fast nearing its end. Addressing a huge rally of party workers from the booth-level up gathered here from all parts of the poll-bound state, the prime minister underscored the passage of women’s reservation Bill in Parliament, the successful hosting of G20 by India, and the launch of Chandrayaan-3 among the achievements of his government. He also asserted that when Modi promises something he delivers, thereby leaving no doubt among voters that the BJP campaign in the forthcoming elections will be centred around encashing the prime minister’s popularity. “Congress has lost all its willpower.

Ashish Kacholia has sold stake in Delta Corp Ltd through bulk deals on Monday. The ace investor has offloaded about 15 lakh shares 0.56% in the company at Rs 144.65 apiece, according to exchange data. Kacholia earned Rs 21.69 crore from the sale. It is unclear how much Kacholia held prior to the stake sale in Delta Corp.

₹936.44 crore. The CCI had penalised Google for alleged abuse of its dominant position in the app store market ecosystem. The NCLAT deferred the hearing to November 28.

PARIS—A tsunami of cash is headed for developing countries to address climate change—and with it growing worries that the money will overwhelm the poorer economies it is meant to help. Wealthy nations are preparing a plan to send more than a trillion dollars each year to the developing world by 2030, a flood of foreign investment that would be unprecedented in modern history.