Country Financial News
05.09 / 02:53
UPS
Reuters
Cooper
Align
Southern
country
Russia-Ukraine war and absence of Putin, Xi Jinping to cast a shadow over G20 Summit
Reuters, the uncompromising positions on the conflict have resulted in a lack of consensus, to the extent that not even a single joint statement has been reached in the approximately 20 ministerial meetings held under India's G20 presidency this year. Consequently, it falls upon the leaders to navigate these challenges and attempt to find potential solutions.
05.09 / 02:17
UPS
ANZ
show
country
Support
Oil prices mixed on receding support from China's steps to revive economy
Oil prices were mixed on Tuesday as support from China's measures to shore up its economy vanished, offsetting expectations of an extension in supply cuts by two leading OPEC+ members Saudi Arabia and Russia Brent crude futures for November fell 10 cents, or 0.11%, to $88.90 a barrel. U.S.
05.09 / 02:17
Citi
Cooper
Aware
country
G20 2023 Summit: What is the G20 and what are the key issues for the 2023 summit?
G20 Summit, scheduled to commence in India's capital, New Delhi, on September 9. This marks the first occasion that India plays host to this formidable assembly of global leaders.
05.09 / 02:17
show
country
Gold struggles for direction as markets weigh Fed pause bets
Gold prices were muted on Tuesday as investors awaited more cues on the health of the U.S. economy ahead of the Federal Reserve's meeting this month amid rising expectations for a pause in interest rate hikes. FUNDAMENTALS * Spot gold was flat at $1,937.58 per ounce by 0058 GMT, off one-month highs hit on Friday.
05.09 / 02:03
UPS
Digital
country
Deal
Bank of China & E-commerce Giant Meituan Strike Digital Yuan Deal
The Bank of China and the e-commerce heavy-hitter Meituan have signed a digital yuan collaboration deal, with both firms looking to step up their CBDC capabilities.
05.09 / 01:21
UPS
Provident
Digital
Microsoft
Google
country
ETtech Interview | Google learning to build for the world by building in India: Cloud chief Thomas Kurian
The company, the world’s fourth biggest by market value, is also close to setting up two centers of excellence around artificial intelligence and cyber security with the government, Google’s global chief of cloud, Thomas Kurian, told ET in an interview.
05.09 / 00:11
Merit
awards
Celebrity
country
Teachers
National
Teachers' Day 2023: PM Modi interacts with National Teachers’ Award winners ahead of ceremony
ALSO READ: Since assuming PM’s office in 2014, Modi has not taken a single leave: RTIEach award carries a certificate of merit, a cash award of ₹50,000 and a silver medal. “The purpose of the National Teachers' Award is to celebrate the unique contribution of teachers in the country and to honour those teachers who, through their commitment and dedication, have not only improved the quality of education but also enriched the lives of their students," PTI quoted a senior Education Ministry official as saying.
04.09 / 22:23
04.09 / 20:49
Fighting
country
social
Which leaders will, may or won't attend the G20 summit in New Delhi?
Group of 20 (G20) major economies will start a summit in India's capital on Saturday to try to find solutions to some of the world's pressing problems amid a deep geopolitical divide over the war in Ukraine that threatens any progress.Here is a look at who is attending, who is not and who might be:U.S. PRESIDENT JOE BIDEN Biden has confirmed his attendance.
04.09 / 20:49
Action
Remark
country
Focus should be on position taken by countries on key issues: Jaishankar on some leaders skipping G20 Summit
G20 Summit, External Affairs Minister S Jaishankar on Monday said the focus should be on the position taken by countries on key burning issues than on the levels of representations at the conclave. «At the end of the day, countries are represented by whoever they have chosen to represent them.
04.09 / 20:27
UPS
COMPOSITE
DAX
KOSPI
show
country
Global markets update: European stocks flat, oil rises
Chinese stimulus measures aimed at supporting the country’s beleaguered property sector. The pan-European STOXX 600 index ended at 457.96 points after rising as much as 0.9% earlier in the session. China’s financial regulators have lowered down-payment requirements for first and second-time home buyers and cut rates on existing mortgages.
04.09 / 19:47
CEO
Align
NIFTY
track
country
Kotak Bank backs its own for the top job; RBI call in focus
Uday Kotak’s successor as chief executive of the bank he founded could be quicker than otherwise — at least in theory — since the due diligence on ‘fit and proper’ criterion for both internal candidates isn’t expected to be unusually lengthy. Kotak Mahindra Bank’s nomination and remuneration committee has offered the Reserve Bank of India (RBI) the names of two internal candidates — KVS Manian and Shanti Ekambaram — to succeed Asia’s richest banker at the corner office at India’s third-most valued private lender. The nominations are seen as a departure of sorts from recent trends wherein most lenders offered at least one external candidate as potential successors to outgoing chief executives.
04.09 / 19:47
UPS
country
Sugar prices up on deficient rainfall in key cane states
sugar prices have been rallying by about 3% in last one month on persistant monsoon deficit in key sugarcane producing states. Retail sugar prices have been ruling between ₹40 and ₹45/kg across the country.
04.09 / 19:47
UPS
country
Edible oil prices unlikely to rise during festive season: FMCG cos
El Nino in oil-producing countries is felt, they said. FMCG companies are, however, worried about rice production in the country as many eastern states that produce non-basmati rice have not received good rains which may harm the standing paddy crop in the fields. "Monsoon is critical for the soya bean and groundnut crop.
04.09 / 19:47
UPS
Immunic
country
NOT
New Covid variant Pirola not yet detected in India, tight vigil on: Insacog member
China, has not yet been detected in India. «So far, Pirola has not been detected in the country,» a member of Insacog, the pan-India network of laboratories set up to monitor genomic variations of coronavirus, told ET. «We are keeping a strict vigil.» Insacog held a review meeting on Friday amidst increasing concern over the BA.2.86 variant, which is informally being termed Pirola. Its members were of the view that sewage testing for Covid-19 should be significantly increased «for timely detection of new variants like Pirola», the person said.
04.09 / 19:41
Provident
Reuters
Aware
country
negligence
Financial
Westpac acknowledges legal proceedings on financial hardships negligence
(Reuters) — Australia's Westpac Banking (NYSE:WBK) Corp on Tuesday said it was aware of legal proceedings launched by the country's corporate regulator alleging the lender's failure to assist its customers with financial hardship notices between 2015 and 2022.
04.09 / 19:07
Provident
FIVE
country
Support
UN says $1 billion needed to support people fleeing Sudan this year
Sudan by the end of this year amid soaring needs. The United Nations refugee agency (UNHCR) said it and partners were appealing for $1 billion «to provide essential aid and protection to over 1.8 million people expected to arrive in five neighbouring countries by the end of 2023, fleeing ongoing conflict in Sudan». «This is a two-fold increase of what was initially estimated in May to be required to respond to the crisis, as displacement and needs continue to soar,» UNHCR said in a statement.
04.09 / 19:07
UPS
MET
Gap
country
Power
Coal stocks at power plants depleting on demand surge
Coal stocks at power plants fell by over 6 million tonnes since July end as peak power demand rose exponentially through August amid deficient rainfall and sultry weather. Coal stocks at power plants stood at 28.9 million tonnes as on Friday against 35.2 million tonnes on July 31, as per data from the national power portal. «There are concerns with regards to the current level of coal stocks, but it is not an alarming situation,» a government official told ET. The government on Friday asked power generation companies to import 4% of their coal requirement till March 2024.
04.09 / 19:05
UPS
Lowe's
Waters
Aware
country
Tata, Adani, JSW among firms seeking to build ₹3.1 tn of pumped storage
NEW DELHI : NHPC Ltd, Tata Power Ltd, Adani Green Energy Ltd and JSW Energy Ltd are among companies that have proposed to build pumped storage projects (PSPs) totalling 39GW in the country, an official aware of the development said, potentially attracting investments of as much as ₹3.12 trillion. In PSPs, excess energy is used to pump water to an upper reservoir when power demand is low. When demand rises, water is released, turning a turbine which generates electricity.
04.09 / 19:05
Provident
Cooper
Fighting
love
stage
country
‘Our idea is to be constructive; Spain deserves to be G20 member’
NEW DELHI : Spain’s ambassador to India, Jose Maria Ridao Dominguez, expressed his country’s desire to become a permanent member of G20. Spain, the world’s 15th largest economy, is currently a permanent invitee to the grouping. In an interview, Dominguez also called on India to take a more assertive stance on global issues like the Ukraine war and commented on China’s new standard map that makes extensive territorial claims.
04.09 / 19:05
UPS
Booking
Hyundai
Honda
country
Returns
Honda returns to mid-SUV segment
Honda Cars India, the local unit of the Japanese automaker, on Monday launched its mid-sized sport utility vehicle (SUV) Elevate, marking its return to the popular SUV sub-segment in the country. The starting ex-showroom price for this model is ₹11 lakh, and the top-end variant is priced at ₹16 lakh.
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