Country Financial News

Telecom Regulatory Authority of India (Trai) is planning to float a consultation paper on some regulatory issues pertaining to over-the-top (OTT) video platforms like Netflix, Prime Video, Disney+ Hotstar, and JioCinema, people privy to the development told ET. While regulation of OTT content comes under the ambit of the Ministry of Information and Broadcasting (MIB), the carriage part comes under the Ministry of Electronics and Information Technology (MeitY).

Investing.com — The oil rally hit a bump on Wednesday as U.S. oil production hit new three-year highs last week and a weekly reading for crude stockpiles rose for the first time in five weeks as the peak summer driving season drew to a close.

By David Morgan

It isn’t a good sign when a restaurant chain’s investors ask management about the effect of Social Security checks on its future prospects. Cracker Barrel Old Country Store has long thrived on its unique formula and down-home charm. For example, it proudly touts not only how many biscuits, eggs and strips of bacon it sells but also the number of rocking chairs and wooden puzzles—around 70,000 and 300,000 a year, respectively.

Deloitte plans to layoff more than 800 positions in the UK, equivalent to about 3% of its workforce of 27,000 in the country, in response to a slowdown in demand and an easing in the pace of workers choosing to leave, Bloomberg reported citing source. Accountants at the Big Four firms -- which also include Ernst & Young LLP, PricewaterhouseCoopers LLP and KPMG LLP -- are clinging to their jobs amid economic uncertainty and a sharp drop in open roles, the report said “Today we announced some targeted restructuring across our businesses, which may put some roles at risk of redundancy," Bloomberg quoted Deloitte CEO Richard Houston.

NEW DELHI : The stock of coal at mines and transit has increased 39% over last year, coal minister Pralhad Joshi said on Wednesday, amid concerns over stocks being too low to meet the power demand. Writing on X (formerly Twitter), the minister said state-owned Coal India Ltd’s production has increased 12.8% so far in the July-September quarter to 123.4 million tonnes. In the first quarter of the fiscal, its production stood at 175.5 million tonne, 9.8% higher compared to the corresponding period last fiscal.

New Delhi: Meta Platforms-owned instant messaging service WhatsApp has announced the launch of WhatsApp Channels in India and over 150 countries that will deliver private updates from organizations, sports teams, artists, and thought leaders that people can follow. WhatsApp Channels are a one-way broadcast tool within the app, the company said in a statement. “Excited to introduce you all to WhatsApp Channels, a new private way for you to get updates from people and organizations you follow.

(Reuters) — The U.S. Senate has issued a subpoena to the Saudi Arabian Public Investment Fund's (PIF) U.S. subsidiary over its planned partnership with the PGA Tour, it said on Wednesday.

Ocean Explorer, a cruise ship with 206 passengers and crew onboard, has run aground in a remote area of Greenland, leading to a potentially lengthy wait for rescue.

Skill India Digital, a digital public infrastructure (DPI), that will bring together all government initiatives related to skilling, education, employment and entrepreneurship in the country on one platform. “The state-of-the- art platform will be a breakthrough in accelerating skilled talent hiring, facilitating lifelong learning and career advancement,” the ministry said in a statement. “It is also a comprehensive information gateway for all government skilling and entrepreneurship initiatives and aligns perfectly with the vision articulated in the G20 framework for building DPI and the digital economy to promote digital skills and digital literacy,” MSDE added. “MSDE has created an open-source platform to address the skilling needs of India’s diverse demography. Skill India Digital is one more step towards harnessing our demographic dividend and establishing India as a global skills hub,” Dharmendra Pradhan, minister for skills development and entrepreneurship, said. According to MSDE, the Skill India Digital aims to remove existing obstacles by offering an easy-to-use interface which is adaptable to various devices. “It will ensure that eople from diverse backgrounds can access the platform effortlessly, regardless of the technology as it will support multiple Indian Languages,” it added. As per the statement, one of the key strengths of Skill India Digital is its comprehensive approach to training and skill development.

Renewable Energy Applications (IECRE), affirms the highest quality and safety standards of 5.2 MW wind turbine generator manufactured by the Adani Wind. The certification not only affirms the highest quality and safety standards, but also acknowledges Adani WTG’s conformity with the globally recognized IEC 61400 series standards and regulations for design, testing and manufacturing. The WindGuard carried out the testing of the WTG prototype, installed at Mundra in Gujarat.

₹4,915 per tonne. The last price revision by the company was in mid-August, which was a cut in lump ore and fines price by 6-7% to ₹4,650 per tonne and ₹3,910 per tonne, respectively. For iron ore prices to see a meaningful upside movement, the demand for steel needs to rise adequately.

Japanese Prime Minister Fumio Kishida has shuffled his Cabinet and key party posts to strengthen his position before a key party leadership vote next year, bringing in a new defense minister and the country’s first female foreign minister since 2002

The government of Guyana has opened bids for 14 offshore oil blocks available for exploration and development as the South American country seeks to ramp up oil production

Estonia, Latvia and Lithuania have banned vehicles with Russian license plates from entering their territory as part of the European Union’s recent new interpretation of sanctions against Moscow over its war on Ukraine

Rwanda’s atomic energy board says it has signed a deal with a Canadian-German company to build its first small-scale nuclear reactor to test what the company claims is a new approach for nuclear fission

Officials say part of a coal mine has collapsed in northern Turkey, leaving one miner dead and injuring others

EU lawmakers have approved new rules requiring airlines to use more sustainable fuels across the bloc in a bid to help decarbonize the sector

A flotilla of flimsy boats, crowded with migrants and launched from Tunisia is overwhelming a tiny Italian island south of Sicily

The Biden administration is recommending changes to a 151-year-old law that governs mining for copper, gold and other hardrock minerals on U.S.-owned lands, including making companies pay royalties on what they extract

The European Union is launching an investigation into subsidies that China provides to electric vehicle makers