Country Financial News

Russia launched a massive drone attack on the western city of Lviv early Tuesday, burning down a warehouse said to house humanitarian supplies and killing one man, Ukrainian authorities said. It was one of at least three deadly attacks in different cities.Ukraine intercepted most of the 30 Shahed drones overnight, the country's air force said.

Pakistan Prime Minister said that India reached the moon and successfully hosted the G20 Summit while Pakistan was begging other countries for money to stay afloat. Addressing the party meeting in Lahore virtually, prior to his return to Pakistan, Sharif said, «Today, Pakistan's Prime Minister is going from one country to another to beg for funds while India is setting foot on the moon and hosting world leaders at the G20 summit. Why couldn't Pakistan achieve similar feats? Who is responsible for our shambolic state?» The former PM added that the poor were struggling for food in Pakistan.

New Zealand Earthquake: An earthquake of 6.0 magnitude, the largest in the country this year, struck near Geraldine in the centre of New Zealand’s South Island on Thursday, government seismic monitor Geonet said on Wednesday as reported by Reuters. As per initial reports, no injuries or significant damage has been indicated. The earthquake hit at 9.14 am (2114 GMT) Wednesday at a focal depth of 11 km (7 miles).

Read the latest updates on this big story here:Senior BJP leader said she was disappointed that the bill reserving 33% seats for women in the Lok Sabha and state assemblies does not carve out a quota for women from the Other Backward Classes (OBCs).In a letter to Prime Minister Narendra Modi, she demanded that half the seats in the women's quota be reserved for SC/STs and OBCs, and backward class women from the Muslim community should also get a benefit.Meghalaya minister Dr Ampareen Lyngdoh said she hoped for Bill to become a law at the earliest. I am delighted.

Canadian government said, “Avoid all travel to the Union Territory of Jammu and Kashmir due to the unpredictable security situation." “There is a threat of terrorism, militancy, civil unrest, and kidnapping. This advisory excludes traveling to or within the Union Territory of Ladakh. Avoid gatherings and demonstrations," the government said as quoted by ANI.

WASHINGTON (Reuters) — U.S. President Joe Biden will host a second summit with leaders of the Pacific Islands Forum at the White House on Monday, part of his efforts to step up engagement with a region where the U.S. is in a battle for influence with China.

Offline, a private members’ community for tech founders and CEOs for India, has raised $2 million from a clutch of angel investors including Groww’s Lalit Keshre, Razorpay’s Harshil Mathur and Shashank Kumar, Xiaomi’s Hong Feng and Alvin Tse, Ultrahuman cofounders Mohit Kumar and Vatsal Singhal, in addition to cofounders of startups such as Shiprocket, Polygon, Park+, Fashinza, GoKwik, Mosaic Wellness and others. The community platform, launched by Utsav Somani, former India head of AngelList, will build a closed-knit community of startup founders with a certain growth trajectory. “They need to meet either of these criteria to even apply – $5 million raised or $5 million in revenue or $10 million in a previous exit,” according to a statement.

Micron Technology is scheduled to break ground for its semiconductor testing and assembly plant in Gujarat’s Sanand on Saturday, barely three months after the US chipmaker announced its intent to set up the unit. “The whole world is watching our semiconductor programme,” Union minister for electronics and information technology Ashwini Vaishnaw told ET.

Pakistan is reportedly courting the United States to seek financial support to boost its sagging economic fortunes while sidestepping commitments made to China on the China Pakistan Economic Corridor (CPEC), the flagship initiative under China’s Belt and Road Initiative (BRI). The Pakistani leadership that came to power after Imran Khan was paying lip service to China on the CPEC while engaging the US for a bailout, said people aware of the matter. Work on the CPEC has been delayed by several months and the India-Middle East Europe Corridor is expected to rival the BRI, they said. The current caretaker government in Pakistan is reportedly seeking the help of the West for a bailout instead of approaching its all-weather ally China despite the latter’s attempts at various international fora to back Pakistan.

oil is forcing investors to rethink their bets across global markets. Airline stocks, currencies of oil-importer nations and bond yields are just a handful of the asset classes already starting to reflect the reality of Brent at $95 a barrel. Meanwhile, strategists from Goldman Sachs Group Inc.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since Monday: initiation at Underperform at Arm Holdings, and downgrades for Starbucks, Lazard, PayPal, Dropbox, and Arm Holdings.

NEW DELHI : Bilateral ties between India and Canada hang in the balance after India on Tuesday dismissed as “absurd and motivated" Canadian Prime Minister Justin Trudeau’s claim of a “potential link" between Indian government agents and the killing of Khalistani leader Hardeep Singh Nijjar in June, and the two countries carried out tit-for-tat expulsions of senior diplomats. Trudeau’s claim will further damage bilateral relations, which are already at an all-time low over the activities of pro-Khalistan elements in Canada, including holding a so-called referendum on a separate homeland for Sikhs, targeting of Indian diplomatic premises, and incitement of violence against top Indian officials.

BSE Ltd on 4 January, says his mandate is to ensure that Asia’s oldest stock exchange becomes more vibrant with increased participation by retail, foreign and domestic institutional investors and algo traders. He has requested brokers to change their front-end software solution to include BSE’s cash and derivatives segments to offer more choices to participants. And many of them have obliged.

Narendra Modi addressing lawmakers from both Houses. Lawmakers convened in the newly inaugurated structure in the afternoon amid a special five-day Parliament Session. Addressing the Lok Sabha and Rajya Sabha, Modi also made an impassioned plea for them to unanimously approve the women's reservation bill – Narishakti Vandan Adhiniyam.

NEW DELHI : A crash in tomato prices in parts of the country has prompted the government to consider purchasing them to protect farmers, two officials aware of the matter said. The idea is to use the consumer affairs ministry’s price stabilization fund (PSF), typically used to cool vegetable prices, to lift stocks from areas flooded with tomatoes and sell them in markets nearby where prices are more remunerative.

MUMBAI : Deteriorating diplomatic ties between Canada and India have sparked concerns about the visa prospects for hundreds of thousands of immigrants, students and workers heading to the North American country every year. Companies with tie-ups with universities and offices in Canada are worried that scrutiny of applications from states such as Punjab and Haryana will increase and immigrant visas will be harder to come by. “This will show up in the visa approvals in the long term.

NEW DELHI : The historic women’s reservation bill was presented in Parliament on Tuesday, with both the government and opposition Congress party jostling for credit. The bill, with a sub-quota for scheduled castes and scheduled tribes, was the first to be introduced in the new Parliament building, 13 years after the first attempt to pass it. Despite their criticism about the lack of a clear timeline to implement the law, all opposition parties are expected to support it.

NEW DELHI : The diplomatic row over the killing of a Sikh leader in British Columbia will not affect the flow of Canadian investments into India, a senior finance ministry official said on Tuesday. “Firstly, Western nations have invested in markets they have found promising irrespective of political or diplomatic differences. One example is China.

Canadian Prime Minister Justin Trudeau. While Canada said it had raised the matter with France, it is unlikely that Paris will raise the matter with India or issue a statement. The US expressed concern at the allegations and said it is critical for the perpetrators to be brought to justice. «We are deeply concerned about the allegations referenced by Prime Minister Trudeau,» White House National Security Council spokesperson Adrienne Watson said in a brief statement. A spokesperson for Australia's foreign minister Penny Wong said Canberra's concerns had been conveyed to New Delhi at «senior levels». «Australia is deeply concerned by these allegations and notes ongoing investigations into this matter,» the spokesperson said in a statement.

G7 countries putting constant pressure on the Indian diamond trade on the origin of rough diamonds that the country cuts and polishes, exporters are now seeking to step up sales to China, which has slowed down its diamond purchases in the past eight months. Cut and polished diamonds are a major foreign exchange earner for India. India's diamond exporters are expecting demand from Chinese buyers for the country's cut and polished diamonds at the Hong Kong Jewellery & Gem Fair, which is being held from September 20-24.

Misa Rodriguez, Olga Carmona, Oihane Hernandez, Eva Navarro and Tere Abelleira, who had previously said they would not play for the team until further changes were applied at the Spanish football federation (RFEF), were escorted by police at Madrid's airport as they headed for a training camp near Valencia. Local media reported that several other players including Ballon d'Or winner Alexia Putellas boarded a plane from Barcelona for Valencia. The players were named in the squad ahead of a match against Sweden on Friday by new coach Montse Tome despite signing a statement last week saying they did not feel safe under the current leadership at the RFEF. Jenni Hermoso, the player at the centre of the scandal after RFEF's then President Luis Rubiales grabbed her head and kissed her on her lips after the World Cup final on Aug. 20, sparking fury over sexist attitudes toward women footballers, on Monday accused the RFEF of trying to divide and manipulate the players.