Country Financial News
07.09 / 08:53
Cooper
country
China says 90 countries have confirmed attendance for Belt and Road Initiative
China said on Thursday that 90 countries have confirmed attendance for its Belt and Road Initiative conference being held in October, The third Belt and Road Forum for International Cooperation (BRF) will be held in Beijing in October, the foreign ministry has previously said, with 2023 marking the 10th anniversary of the Belt and Road Initiative (BRI). Several foreign leaders are expected to attend, including Serbian President Aleksandar Vucic and Argentine President Alberto Fernandez, state media reported. Russian President Vladimir Putin also has a scheduled visit to China in October when the country hosts the One Belt One Road forum, Putin's aide Yuri Ushakov said recently, according to Russia's state news agency TASS. «We have received an invitation and plan to go to China,» Ushakov said, according to a report from the Global Times. China's foreign ministry said the country has signed Belt and Road cooperation documents with more than 150 countries and over 30 international organizations, according to Xinhua. «Over the past decade, Belt and Road cooperation has achieved fruitful outcomes,» Chinese foreign ministry spokesperson Wang Wenbin recently said at a press conference, adding that it has established more than 3,000 cooperation projects and galvanized nearly $1 trillion of investment, state media reported. Critics see the ambitious Belt and Road initiative — billed as recreating the ancient Silk Road to boost global trade infrastructure — as a tool for President Xi Jinping's China to spread its geopolitical and economic influence. Debate in the West over economic dependence on China has cast a shadow over longer-term trade and investment relations with Beijing.
07.09 / 08:53
Extreme
country
Joint efforts needed to strengthen sovereignty & territorial integrity of all countries: PM Modi at East Asia Summit
Narendra Modi on Thursday pitched for everyone's commitment and joint efforts to strengthen the sovereignty and territorial integrity of all countries. In an address at the East Asia Summit, Modi also said that India believes that the Code of Conduct for the South China Sea should be effective and compliant with the UN Convention on the Law of the Sea (UNCLOS). His comments came days after a number of ASEAN member countries such as Malaysia, Vietnam and the Philippines reacted sharply to Beijing's territorial claim over the South China Sea in its latest edition of the «standard map of China». On August 28, Beijing released the 2023 edition of the «standard map of China» which includes Taiwan, the South China Sea, Arunachal Pradesh and Aksai Chin as Chinese territories.
07.09 / 08:53
POT
love
Celebrity
country
Dahi Handi 2023: Here's what you need to know about the festival
Janmashtami is one of the most auspicious and renowned celebrations across the country, is here again, adorned with vibrant decorations and the radiance of lights. People flock to prominent places like Mathura, Vrindavan, and Gokul to catch a glimpse of Krishna Janmotsav. This grand festivity commemorates the birth of Lord Krishna, which occurred on Ashtami Tithi of Krishna Paksha in the month of Bhadrapada.
07.09 / 08:53
Mobile
country
How to add a nominee to your SBI savings account, fixed deposits (FD)
nomination in order to address concerns about increased unclaimed deposits and investments due to death of account holder, according to a Times of India (ToI) news report. There are thousands of crores of unclaimed money in our country's banks. These are accounts where the bank holder put money and then died, leaving the money with the bank because no nominee was filed against his account/investment. What is nomination Nomination facility is mandatory for all deposit accounts. Nomination refers to the procedure of naming a beneficiary to receive the proceeds of investments or assets. Nominee is an individual who will receive the benefit.
07.09 / 08:53
Progressive
show
stage
country
Explainer
end
Mint Explainer: Will India's G20 Summit end without a joint declaration?
Mint takes a look at the issue. A joint declaration or a joint communique at the end of a formal summit is usually standard diplomatic practice. It seeks to show a unified front and some level of agreement on key issues.
07.09 / 08:41
COST
UPS
Target
Aviat
Airlines
country
Sustainable fuel mandate could help cut aviation emissions
The Albanese government is considering introduced blending mandates, targets for sustainable aviation fuel or low-carbon fuel standards to try and help the hard-to-abate sector cut its carbon emissions.
07.09 / 08:09
Amazon
Platform
Southern
film
country
star
Disney+ Hotstar announces new Tamil original ‘MY3’
Disney+ Hotstar has announced a new Tamil original called MY3 directed by M Rajesh starring Hansika Motwani, Shanthnu, Mugen Rao and Ashna Zaveri that will premiere on 15 September. Video streaming platforms are likely to offer 50-60% of the budgets to southern language content, with these programmes seeing much traction, accounting for 30% of OTT viewership, said industry experts.
07.09 / 07:51
Cooper
Continental
country
Grant
G20 agrees to grant permanent membership to African Union: Report
G20 Summit, the member nations of the group have agreed to grant permanent membership to the African Union, a continental body of 55 member states, Bloomberg agency news reported. With this, the African Union has earned the same status as the European Union. Prime Minister Narendra Modi had written a letter to the G20 nations in which he proposed that the African Union be given full, permanent membership of the bloc at the upcoming summit in New Delhi.
07.09 / 07:51
COST
Digital
CEO
Mobile
country
Airtel Payments Bank to enable face authentication for digital account opening
digital banking experience, Airtel Payments Bank announced that it would enable Face Authentication-based savings bank account opening for customers on the Airtel Thanks App. The facility which will go live by the end of the year 2023 will allow users to open an account digitally with the Bank, using face biometrics as e-KYC, within minutes from anywhere in the country.
07.09 / 07:43
SUN
Parke
show
country
Aditya-L1 camera takes a selfie with Earth and Moon
selfie" and images of the Earth and the Moon taken by the camera on-board Aditya-L1 solar mission spacecraft. «Aditya-L1, destined for the Sun-Earth L1 point, takes a selfie and images of the Earth and the Moon,» the Bengaluru-headquartered national space agency said on 'X'. The images show VELC (Visible Emission Line Coronagraph) and SUIT (Solar Ultraviolet Imager) instruments as seen by the camera on-board Aditya-L1 on September 4, 2023.ISRO also shared the images of the Earth and Moon as seen by the camera. India's first-ever space expedition to study the Sun, the Aditya-L1 was launched at 11:50 am on Saturday from the Satish Dhawan Space Centre (SDSC-SHAR) in Andhra Pradesh's Sriharikota.
07.09 / 07:43
UPS
Provident
MET
Digital
Cooper
country
PM Modi leaves for home after wrapping up fruitful Jakarta visit to attend ASEAN-India, East Asia summits
Modi left for home on Thursday after wrapping up a short but fruitful and productive visit to Indonesia to attend the ASEAN-India and East Asia summits during which he reaffirmed India's strong ties with the countries in the strategically key region. The prime minister arrived in the Indonesian capital, Jakarta, in the morning. «PM @narendramodi concludes his visit to Indonesia, forging stronger partnerships with ASEAN and EAS partners,» the Ministry of External Affairs posted on X. «Had a very short but fruitful Indonesia visit, where I met ASEAN and other leaders.
07.09 / 07:43
UPS
Target
country
beautiful
Pralhad Joshi accuses Ramesh of twisting facts on constitutional provisions, parliamentary procedures
Pralhad Joshi on Thursday accused senior Congress leader Jairam Ramesh of twisting facts about constitutional provisions and parliamentary procedures related to Parliament sessions. It is crucial to stop the spread of misinformation that scandalises Parliament and its procedures, the parliamentary affairs minister said in a rejoinder to Ramesh who had accused him of being «misleading» in his reply to Congress leader Sonia Gandhi's letter to the prime minister. The Congress has been targeting the government for not disclosing the agenda of the five-day special session starting from September 18. Ramesh had claimed the agenda of every special session in the past was well known in advance and alleged that it was only the Modi government that «distorts» parliamentary conventions. Seeking to set the record straight, Joshi accused him of «falsely claiming» that the historic function in Parliament's Central Hall on June 30, 2017 for the GST roll out, was a Parliament session. «That's just not true! It wasn't a session under Article 85 of the Constitution,» he said on X. «Now, let's address another misrepresentation.
07.09 / 07:31
UPS
Digital
Citizens
Action
Continental
country
Why are crude prices rising and what will be the impact on OMCs? Probal Sen answers
Probal Sen, V-P, Equity Reearch, ICICI Securities, says “higher demand from gas fired power would definitely drive prospects for Petronet, GAIL, as well as GSPL. As far as the CGDs is concerned, there was a little bit of a correction post the first quarter results across the board. Specifically, if I look at IGL and MGL, post the first quarter results. I think that confidence is coming back. That is why LNG prices continue to be in a fairly limited range, European inventory remains very comfortable so there is very little chance of additional buying coming through from that continent for LNG cargoes.”China is not coming back the way everybody expected. Europe is still in a disarray. The US economic growth is uneven and crude prices are up. Historically, crude is a function of demand or supply. Both are balancing each other yet crude prices have gone from $75 to $90. Why?I would not quite say that demand and supply are that balanced.
07.09 / 07:29
Action
Fighting
Remark
country
social
‘Modi and co’ using Sanatana to divert attention from Manipur violence, will fight cases legally: Udhayanidhi Stalin
Narendra Modi for allegedly diverting attention from Manipur violence and matters related to corruption. Udhayanidhi Stalin also responded to the cases that have been filed against him over his remarks and said he will face them legally. Udhayanidhi Stalin, drawing a parallel between Sanatana Dharma and diseases like dengue and malaria, said, “Sanatana is like malaria and dengue and so it must be eradicated and not opposed." In a statement, Udhayanidhi Stalin accused the saffron party leaders of "twisting" his statements and vowed: “I will face the cases filed against me legally with the guidance of the party president and on the advice of our party high command." Udhayanidhi Stalin launched a scathing attack on the prime minister, saying he was "globe-trotting" when Manipur was burning.
07.09 / 07:09
show
country
India 'renaming' row: Opposition says ‘assault’ on Union of States, BJP snubs rumours | All we know so far
G20 Summit dinner invite was sent out in the name of the 'President of Bharat' and not the customary ‘President of India’. While the Opposition said there was a possibility of a name change for India to Bharat alleging it was an “assault" on the Union of States, the ruling parties hailed the development, saying it was a move for a push from the slavery mindset – an idea promoted by PM Modi in his Independence Day speech.
07.09 / 07:09
UPS
FIVE
Strategy
Chase
country
A higher global oil price will help Russia pay for its war
record volumes in recent months, despite Western embargoes, dwindling domestic production and the risks of navigating the Black Sea, Russia’s crude shipments fell to 3m barrels a day (b/d) in August, some 800,000 lower than the April-May average and below pre-war levels. They are likely to remain sub-par. On September 5th Russia said it would extend a “voluntary" 300,000 b/d cut first announced for August to the end of 2023 (the baseline for this reduction is unclear).
07.09 / 07:09
Digital
Platform
Mobile
performer
country
Check out THIS unique ATM that works via UPI apps; Anand Mahindra shares video
UPI (Unified Payments Interface) applications. Mahindra shared the video on the X platform (formerly Twitter) and called the technology dazzling. As per Mahindra's post, the UPI-based ATM was showcased at the recently held Global Fintech Fest in Mumbai.
07.09 / 07:09
country
India to Bharat: Top United Nations official speaks on request for change of name
Narendra Modi, amid the unfolding controversy, advised his ministerial team to steer clear of the escalating debate around the name 'Bharat'. During a meeting with the Union Council of Ministers, PM Modi stated that 'Bharat' is an ancient name for the country.
07.09 / 07:09
COST
UPS
Manufacturing
Apple
Samsung
country
Indian
Why more Indian manufacturers should emulate TVS Motor’s global ambitions
₹90,000 crore last year. Manufacturing behemoths like Samsung and Apple have not only transferred significant production lines to India but are also producing multiple models in the country, destined for global markets. But, while global manufacturers have shown a willingness to make in India, Indian manufacturers have not been as quick to explore global markets.
07.09 / 05:49
UPS
Provident
Target
FIVE
show
country
NOT
Why China's response to economic challenges is not working
China on Thursday showing falling exports fanned more fears about a slowdown in the world's second-biggest economy, which has struggled with its post-Covid recovery. Governments and markets alike are concerned about these indicators — the size of China's economy and its connections with the rest of the world mean any ups and downs are felt far and wide. Here is a rundown of the problems facing China's economy, and why analysts believe Beijing is not doing enough to fix them: The abandonment of tight pandemic restrictions in December set off a gradual resumption of consumer activity in China as people started dining out, shopping and using public transport more frequently. But the highly anticipated economic rebound was weaker than expected and did not reach all sectors — industrial production, for example, is still struggling. And a post-Covid rally has since completely run out of steam. As many other major economies grapple with inflation, consumer prices in China fell by 0.3 percent year-on-year in July to enter deflation — a sign of sluggish demand. Youth unemployment rose so high in June that authorities suspended the publication of that data, while traditional growth engines such as exports, real estate and consumption remain stalled. Analysts say these trends are increasingly pushing China's annual growth objective of around five percent out of reach. Property development and linked industries have been a key pillar of the Chinese economy in recent years, providing a sizeable chunk of its GDP. But the sector is in a deep crisis. Many leading developers including Evergrande and Country Garden have come under increasing financial pressure lately, with their astronomical levels of debt bringing bankruptcy concerns to
07.09 / 04:55
NIFTY
SENSEX
country
Rupee falls 2 paise to hit lowest level of 83.15 against US dollar
rupee fell 2 paise to hit the lowest level of 83.15 against the US dollar in early trade on Thursday amid a strong American currency and elevated crude oil prices. Forex traders said, massive selling of equities by foreign investors in the past few sessions and subdued market sentiment also put pressure on the Indian currency. Crude oil breached the level of USD 90 per barrel after oil producing countries agreed to extend supply cut till December this year, while dollar strengthened on safe-haven demand. At the interbank foreign exchange, the domestic unit opened at 83.15 against the dollar, 2 paise lower from its previous close.
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