Country Financial News
24.09 / 06:43
UPS
country
One in seven Americans now foreign born; immigrant share rise highest from India YoY
US Census Board. As per fresh statistics, as of July 2022, legal and illegal immigrants together account for 13.9 % of the total US population of 33-odd crore. This ratio stood at 13.6% a year earlier. As far as immigration into the US goes, Mexico, China and India are the top three source countries. Immigrants from India and China constitute 6% each of the total immigration count in 2022. According to the 2022 census findings, the number of Indians is 28.4 lakh, up from 27.09 lakh a year ago.
24.09 / 06:43
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country
electronic
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cricket
Appliances and consumer electronics sales expected to grow 20% during festivals backed by cricket World Cup
cricket World Cup tournament is coinciding with the festival season in India for the first time after 1987, and the industry expects the country's most popular sport to act as a catalyst, leading to growth in sales of TV, especially with bigger screen sizes as well as audio products such as battery-powered party speakers, soundbars, wireless headphones and ear buds. TV makers, including LG Electronic, Panasonic and Thomson, expect increased number of replacements of conventional and small-size TV screens with large-size smart TV panels above 55 inch screen size. Premium and ultra-premium ranges of QLED and OLED TVs are also expected to be in much demand during the World Cup from October 5 to November 19. The industry expects overall sales growth of 18 to 20 per cent, and in continuation of the previous year a higher growth of over 30 per cent from premium products such as large screen TVs, higher capacity refrigerators and washing machines. Like in earlier season, the industry is gearing up with offers and interest-free finance schemes to woo customers with new launches along with high-decibel 360 degree campaigns.
24.09 / 06:19
Citi
FIVE
Airlines
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services
Vietjet expands India services with Tiruchirappalli-Ho Chi Minh City route set for November
PTI, the airline plans to expand its services to India by introducing a new route between Tiruchirappalli (Tamil Nadu) and Ho Chi Minh City, with the launch expected in November, according to airline officials. In August, Vietjet initiated direct flight services from Kochi in Kerala to Ho Chi Minh City. A senior representative from the airline mentioned that Vietjet currently operates 32 round-trip flights to and from India each week.
24.09 / 05:43
24.09 / 05:43
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voice
BSP
'Truth is.. worked to save PM post's dignity': BSP MP Danish Ali on BJP's provocation claim
allegations as baseless and said that he has not yet stooped too low to make such comments on the country's Prime Minister. Responding on his statement, Danish Ali said that he has not stooped too low to make such comments on the country's Prime Minister.
24.09 / 05:25
Citi
Provident
Cooper
Healthcare
vaccine
country
India very important global player; deserves to be permanent UNSC member: Dominican Foreign Min Vince Henderson
United Nations Security Council (UNSC), saying it has emerged as a «very important global player» and derserves to be considered for full membership of the UN body. Addressing the 'India-UN for Global South: Delivering for Development' event in New York cITY on Saturday, the Dominican Foreign minister said, «I know that India is a country that's historically very polite, and you will not say or ask for certain things. But I will say today that we believe that India is emerging as a very important global player and we believe that India deserves to have a permanent seat on the United Nations Security Council.» He said India deserves to be a permanent member of the UNSC not only as the most populous country on earth but also as one that has shown great responsibility in the exercise of its own powers. «We believe that this is a matter that should be supported.
24.09 / 04:59
UPS
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Parke
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Department
Assam govt inks MOUs worth Rs 3114 cr with private enterprises to set up mega industrial parks
mega industries with private enterprises. Chief Minister Himanta Biswa Sarma on Saturday attended the ceremonial signing of memoranda of understanding between the Industries department of the Government of Assam and six numbers of private sector industrial enterprises for setting up mega industrial parks totalling an investment of Rs 3,114 crore across the State. A land lease agreement was also signed between the Assam Tourism Development Corporation (ATDC) and Jenipro Hotels Pvt Ltd for setting up of a 5-star category hotel with an investment of Rs 100 crore at Hatighuli Bagisa Gaon near Kaziranga National Park. Sarma said today's signing of agreements that would entail investments of as much as ₹3,000 crore indicates Assam moving forward towards becoming one of the most industrialised States in the country. Stating that agreements for investments amounting to several thousand crores inked earlier in the year with the private sector are at various stages of implementation, Sarma said another batch of industrial investment proposals amounting to around ₹10,000 crores are currently being studied by the empowered committee set up by the Government of Assam to expedite the investment ecosystem in the State. Referring to the signing of memorandum of understanding signed as a historic moment for the State, Sarma said the Rs 2,000-crore investment by M/s Kesar Petro Products shall generate around 200 direct and around 1800 indirect employment opportunities while Longspan Structures' investments of Rs129 crores would lead to generation of around 220 direct and 180 indirect employment opportunities.
24.09 / 04:59
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It is still a world of double standards: S Jaishankar
External Affairs Minister S Jaishankar has said that it is still a world of «double standards» and those countries which are occupying positions of influence are resisting the pressure to change and those with historical influence have weaponised a lot of those capabilities. Jaishankar was speaking at a Ministerial Session titled 'South Rising: Partnerships, Institutions and Ideas' hosted by the Observer Research Foundation, in collaboration with the Permanent Mission of India to the United Nations, United Nations India and the Reliance Foundation. «I think more than political will, there is political pressure for change,» he said here on Saturday. There is a growing sentiment in the world and the global South in a way embodies it. But there's also political resistance, he said. «Those who are occupying positions of influence, we see this in the UN Security Council most of all, are resisting the pressure to change. »Those who are economically dominant today are leveraging their production capabilities and those who have institutional influence or historical influence have actually weaponised a lot of those capabilities as well," Jaishankar said. «They will all mouth the right things, but the reality is still today, it's a world very much of double standards,» Jaishankar said. COVID itself was an example of it, he said, «But I think this whole transition will really be in a sense the global South putting more and more pressure on the international system.
24.09 / 03:47
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G20 presidency was challenging...: EAM S Jaishankar on east-west polarisation
Also Read: Jaishankar dismisses 'West as bad guy' narrative, sheds light on Global South's rising role in diplomacy EAM also noted that contemporary geopolitical considerations and rivalries are influencing fundamental needs in many countries, such as their ability to access affordable food, fertilizers, and energy. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! "With each passing day, in fact, it has become clearer to us that today geopolitical calculations and geopolitical contests are impacting very basic requirements of many countries, including their affordable access to food, to fertilizers and to energy," Jaishankar said.
24.09 / 03:47
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PM Modi to flag off 9 Vande Bharat Express trains in 11 states today. Here's all you need to know
Click here! Speaking about these trains, the statement says that as compared to the current fastest train along the route, Rourkela- Bhubaneswar – Puri Vande Bharat Express and Kasaragod - Thiruvananthapuram Vande Bharat Express will be faster by about 3 hours; Hyderabad – Bengaluru Vande Bharat Express by more than 2.5 hours; Tirunelveli-Madurai- Chennai Vande Bharat Express by more than 2 hours; Ranchi – Howrah Vande Bharat Express, Patna – Howrah Vande Bharat Express and Jamnagar-Ahmedabad Vande Bharat Express by about 1 hour; and Udaipur - Jaipur Vande Bharat Express by about half an hour. "In line with the Prime Minister’s vision to improve connectivity of important religious places across the country, Rourkela- Bhubaneswar – Puri Vande Bharat Express and Tirunelveli-Madurai- Chennai Vande Bharat Express will connect important religious towns of Puri and Madurai.
24.09 / 03:47
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week
Top news of the week: New Parliament, Women's bill, India-Canada row and more
Read more The Parliament passed the Women's Reservation Bill which mandates a 33 per cent reservation for women in both the Lok Sabha (House of the People) and state assemblies. Read more French oil major TotalEnergies will invest $300 million to form a joint venture (JV) with Adani Green Energy on a project related to renewable energy.
24.09 / 03:23
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Russian foreign minister lambastes the West but barely mentions Ukraine in UN speech
Russia's top diplomat denounced the United States and the West on Saturday as self-interested defenders of a fading international power structure, but he didn't discuss his country's war in Ukraine in his speech to the UN General Assembly. «The US and its subordinate Western collective are continuing to fuel conflicts which artificially divide humanity into hostile blocks and hamper the achievement of overall aims. They're doing everything they can to prevent the formation of a genuine multipolar world order,» Foreign Minister Sergey Lavrov said. «They are trying to force the world to play according to their own self-centered rules,» he said. As for the 19-month war in Ukraine, he recapped some historical complaints going back to the 1991 breakup of the Soviet Union, and alluded to the billions of dollars that the US and Western allies have spent in supporting Ukraine.
24.09 / 02:57
Racing
Fighting
shootings
country
Silver
rowing
Asian Games 2023: India wins big with two silver medals in rowing and shooting
India's Asian Games 2023 medal campaign as the country won two silver medals — one each in rowing and shooting. Lightweight men's Double Skulls pair Arvind Singh and Arjun Lal Jat won Silver medal in rowing while the the 10m Air Rifle women's team comprising Ramita Jindal, Mehuli Ghosh and Ashi Chouksey grabbed the second spot. In both the events China won gold. In shooting, Ramita and Mehuli finished second and fifth respectively to qualify for the finals in the individual event. In rowing, the Indian pair won Bronze in the 2018 edition of Asian Games and were ranked 11th at the Tokyo Olympics. Indian rowers will fight it out in as many as nine finals this Sunday and Monday. Men's double skills pair Satnam Singh and Parminder Singh also advanced to the medal round after coming first in their repechage.
24.09 / 02:57
country
travelers
Unsustainable
UK interior minister Suella Braverman to raise 'unsustainable' migration pressures during U.S. visit
Suella Braverman will raise the «the unsustainable pressures» created by illegal migration when she makes a three-day visit to the U.S. this week, her office said on Sunday. In a keynote speech, Braverman will present a blueprint for how countries can combat the crisis and highlight how Britain has led the way in bringing forward «innovative approaches» to tackling the issue, the Home Office said. «Illegal migration and the unprecedented mass movement of people across the globe is placing unsustainable pressures on America, the UK and Europe,» Braverman said in the statement. «We must come together and ask whether the international conventions and legal frameworks designed 50-plus years ago are fit for purpose in an age of jet travel and smartphones.» British Prime Minister Rishi Sunak, who took office last year, has made «stopping the boats» — the arrival of migrants in small boats across the English Channel — a priority. However, the UK government's policies, such as sending asylum seekers to Rwanda, have so far failed to take off.
24.09 / 02:57
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Waters
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Department
I2U2 takes partnership forward, announces joint space venture
space venture on the margins of the United Nations General Assembly in New York to take forward their partnership. “Primarily using the space-based observation data and capabilities of the four I2U2 partner countries, this project aims to create a unique space-based tool for policymakers, institutions and entrepreneurs, enabling their work on environmental and climate change challenges and furthering our cooperation in the applications of space data for the greater good of humanity,” according to a readout by the State Department following the announcement on Friday. Meanwhile, Under Secretary of State for Economic Growth, Energy, and the Environment Jose W.
24.09 / 02:57
Digital
Cooper
Progressive
Action
Bill
track
country
'New partnership to help amplify India, South-South Cooperation': UN's Shombi Sharp on LOI with Bill and Melinda Gate Foundation
Shombi Sharp said that the UN in India is pleased to have an exchange of Letters of Intent with the Bill and Melinda Gates Foundation to launch a new partnership to help amplify India and South-South cooperation. In an interview with ANI, Sharp said, «We also were very pleased on behalf of the United Nations in India, to launch or to have an exchange of Letter of Intent with the Bill and Melinda Gates Foundation to launch a brand new partnership to help amplify Indian South-South Cooperation. Reflecting that the UN system in India really has a true two-way partnership with India.» Shombi Sharp's remarks came after an exchange of a Letter of Intent between UN-India and the Bill and Melinda Gates Foundation in the presence of External Affairs Minister S Jaishankar was held at the India-UN for Global South: Delivering for Development event. He said that the UN is identifying best practices of India's development and helping to codify that and share that practice with other nations for their benefit.
24.09 / 01:35
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Remark
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voice
Danish Ali denies allegations of making derogatory comments against PM Modi says ‘Not stooped too low…’
Dubey on Saturday said that Bidhuri got "provoked" as Danish Ali kept calling Prime Minister Narendra Modi "neech". "The words used by him (Bidhuri) are not acceptable. I was present in the Parliament when all this took place.
23.09 / 19:45
COST
Digital
Experts
show
country
voice
Showing (Corri)door to China's clout: How IMEC can help India leverage its trade and geopolitical potential
India-Middle East-Europe Economic Corridor (IMEC) was launched with the promise of galvanising connectivity and trade through India, the Arabian Gulf and Europe, with an underlying goal of shifting geopolitics in the region, by countering China’s Belt and Road Initiative (BRI). The precise route map of the corridor will be figured out when the stakeholders meet in the next two months. But a Memorandum of Understanding (MoU) unveiled on the sidelines of the G20 leaders’ meeting shed light on its broader contours — a transit through India, the United Arab Emirates (UAE), Saudi Arabia, Jordan, Israel, and Europe.
23.09 / 18:33
UPS
Target
economy
Experts
country
Department
Growth rate of 8 per cent for India an imaginable goal: Larry Summers
Larry Summers said on Saturday. Summers co-chairs the Independent Expert Group on strengthening MDB reforms. He said a combination of factors, including promoting free market forces, addressing infrastructure needs- particularly in energy -and undertaking reforms in key states, could catapult India into the high-growth trajectory.
23.09 / 18:33
Reuters
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‘Empty houses everywhere': Former Chinese official's rare public critique on China's economy
Hindustan Times. Since 2021, after real estate giant China Evergrande group defaulted on its debt obligations, the property sector has slumped in China. Even big firm like Country Garden Holdings continue to fall close to default.
23.09 / 18:09
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Xi Jinping meets Prachanda and says China to boost border infrastructure to end Nepal's landlocked status
Xi Jinping on Saturday vowed to help Nepal transform itself from a landlocked country to a land-linked nation by facilitating infrastructure connectivity and transit transportation cooperation as he met Prime Minister Pushpa Kamal Dahal 'Prachanda' here. Xi met Prachanda on the sidelines of the Hangzhou Asian Games here in eastern China. Prachanda, who politically distanced from the pro-China Communist Party of Nepal (Unified Marxist-Leninist) headed by KP Oli after becoming Prime Minister in December last year made his maiden visit to China after visiting India and the US. In his meeting with Prachanda, Xi who made a high-profile visit to Nepal in 2019 and announced several high-profile projects said the two countries sharing borders through Tibet made progress with the 'Trans-Himalayan Multi-Dimensional Connectivity Network' and other 'Belt and Road' projects that have «taken shape». He urged efforts from both sides to promote infrastructure connectivity and expand transit transportation cooperation to help Nepal transform itself from a landlocked country to a land-linked country at an early date, state-run Xinhua news agency quoted him as saying. The trans-Himalayan connectivity projects include road and rail connectivity being laid through the rugged Himalayan mountains connecting Nepal with Tibet. As a landlocked country, much of its imports go through India.
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