Country Financial News

A faster-than-expected expansion in large batteries has propelled France’s Neoen to Australia’s biggest clean energy player, revealing a target to triple its renewable capacity by 2030.

London | A military coup in Gabon has sent a tremor through Fortescue Metals Group and its $US200 million ($310 million) plan to build a huge iron ore mine in the resource-rich central African country.

NEW DELHI : The National Curriculum Framework for School Education (NCF) released by the ministry of education (MoE) is intended to guide school education. Since education is not only relevant to its immediate participants but is critical to the well-being of society at large, it is useful to understand what the NCF is about. In the spirit of full disclosure, I am a member of the group the ministry constituted to develop it.

climate change and sovereign debt, the global pandemic of industrial policy initiatives deserves to be on the agenda. From Magdeburg in east central Germany, where Intel was reportedly given subsidies of €7 billion to build a semiconductor factory, to a Taiwanese battery factory near Dunkirk in France lured by subsidies of €1.5 billion to the Micron Technology factory in Gujarat, more than two-thirds of which will be financed by the central and state governments, subsidies in the name of fostering strategic industries have gone viral.

While the attention has been firmly on GenesisCare’s up-for-sale operations in the United States, some lenders are beginning to toy with the idea of a voluntary administration for the cancer services provider’s local operations.

NEW DELHI : Embraer Defense & Security is in talks with five Indian entities, including Hindustan Aeronautics Ltd (HAL) and Tata group, to manufacture defence transport aircraft in India, a top executive at the Brazilian plane maker said. The company hopes to finalize and announce its partner by the end of this year. “It is important to say we are watching a lot what those big players are doing here in India; we are learning from them; and we are in touch with them as well.

Nvidia artificial intelligence chip exports to certain countries in the Middle East, the company said in a regulatory filing this week. «During the second quarter of fiscal year 2024, the USG (US government) informed us of an additional licensing requirement for a subset of A100 and H100 products destined to certain customers and other regions, including some countries in the Middle East,» Nvidia said in the filing. One year ago Nvidia said US officials told it to stop exporting the same two computing chips for AI work to China. The move was seen as potentially slowing Chinese firms' ability to carry out advanced work like image recognition. The announcement also signaled at that time a major escalation of the US crackdown on China's technological capabilities as tensions bubble over the fate of Taiwan, where chips for Nvidia and almost every other major chip firm are manufactured. The securities filing, posted Aug.

₹100 crore for the Miss World event scheduled to be held in India in November. The Dubai-headquartered company’s chairperson Jamil Saidi said it is in the process of creating a separate entity for backing the beauty pageant competition in India. PME approached the Miss World Organization, which holds the global rights to the competition, to secure a long-term contract for hosting the event.

air pollution, according to the Air Quality Life Index report of the Energy Policy Institute at University of Chicago. Delhi residents are most at risk. They’re losing 11.9 years to the capital’s pollution levels exceeding the safety limit prescribed by the World Health Organization (WHO).

Mint explains: A transit hub is an airport that provides smooth connectivity from one foreign destination to another. Ideally, a transit hub should enable a seamless transfer experience to someone flying from country A to country C via country B. A transit hub often requires a stronghold of a large carrier with a widespread network so that the airline can offer one-stop connectivity to passengers with a wait time of no more than 2 to 3 hours between flights.

NEW DELHI : Bengaluru International Airport Ltd, in partnership with homegrown computer vision firm Industry.ai and US tech firm Nvidia Corp., on Wednesday announced the integration of the former’s computer vision-based artificial intelligence (AI) platform into the airport’s operations. In a joint statement, the companies said the technology will be deployed at the Bengaluru airport’s Terminal 2—which commences international operations from 31 August.

airport, was a reminder of the difficulty U.S. companies face. Chinese airlines resumed flights with the 737 MAX in January, but the simmering U.S.-China trade dispute has limited deliveries to a handful of other Boeing aircraft in recent years and all but halted new orders.

NEW DELHI : Germany will not sign a joint statement that ignores Russia’s war of aggression against Ukraine, said Germany’s G20 sherpa Jorg Kukies. In an interview with Mint, Kukies said that while G20 countries are willing to compromise on language relating to the Ukraine war, Germany does not agree with the position, as articulated by China, that discussion of the Ukraine war does not belong in an economic grouping like the G20. Kukies, who also serves as Germany’s state secretary for finance, noted the need for reforming multilateral development banks and increasing their lending capacity.

Hoga hoga, khela hoga.". The Trinamool Congress posted the pictures of the two leaders celebrating Raksha Bandhan on X. “Today, Hon'ble Chief Minister Smt @MamataOfficial celebrated Rakhi with Uddhav Thackeray ji and his family at his residence in Mumbai.

INDIA bloc will be held at Hotel Grand Hyatt, in Mumbai. Trinamool Congress supremo and West Bengal Chief Minister Mamata Banerjee arrived at Mumbai on Wednesday and met veteran Bollywood actor Amitabh Bachchan at his residence to celebrate Raksha Bandhan. At the event, CM Mamata Banerjee also met Samajwadi Party (SP) Rajya Sabha MP Jaya Bachchan.

NEW DELHI : India on Wednesday permitted exports of limited quantities of non-basmati white rice to Bhutan, Mauritius and Singapore, according to a notification by Directorate General of Foreign Trade. Bhutan will get 79,000 tonnes, Mauritius 14,000 tonnes and Singapore 50,000 tonnes, even as the export ban imposed on 20 July remains in place. The export will be done through National Cooperative Exports Ltd, a government export body which was set up under the Multi-State Cooperative Societies (MSCS) Act, 2002 to export agriculture produce and allied items.

economic development by providing last mile connectivity, Reserve Bank Governor Shaktikanta Das Wednesday urged the directors of UCBs to further strengthen their governance practices, especially the three supporting pillars of compliance, risk management and internal audit. “The quality of governance was the most important aspect in ensuring stability of individual banks and the directors of UCBs are urged to further strengthen governance practices," the RBI governor said at a conference of directors on the boards of Tier 3 and 4 UCBs in Mumbai Zone.

New Delhi: The India Meteorological Department (IMD) is planning to provide air quality early warning through the System of Air Quality Weather Forecasting and Research (SAFAR) to 92 more polluted cities in the next two years. SAFAR, developed by Indian Institute of Tropical Meteorological (IITM) Pune and was operationalized by IMD in 2010 during Commonwealth Games, is India’s first metro air quality service. It currently issues 1-3 days advance forecast in 40 cities including Delhi, Pune, Mumbai and Ahmedabad of a total of 132 ‘air contaminated’ cities.

The White House said it has new intelligence inputs which shows that Russian President Vladimir Putin and North Korean leader Kim Jong Un have traded letters as Russia is seeking weapons from North Korea amid the Ukraine war, AP reported on Wednesday. John Kirby, US National Security Council spokesperson, giving the latest findings said Russia is looking for additional artillery shells and other basic materiel to shore up its defense industrial base, just weeks after White House said Russian Defense Minister Sergei Shoigu during a recent visit to Pyongyang called on North Korean officials to increase the sale of munitions to Moscow for its Ukraine war.

Chedun, a working-class neighborhood in the southwestern outskirts of Shanghai, the signs of an anemic economy are all around. The factories that once drew workers from around the country have moved away. Those that remain have slashed wages. Around the affordable eateries and motley shops where workers once crowded, employees eagerly latch onto anyone passing by. “No one has money now, it’s obvious,” Cherry Qian, 25, said as she sat inside the electronics store she manages. But there’s one place the slump isn’t as obvious: in the government’s account of it. A gulf has emerged between the Chinese economy as many Chinese are experiencing it, and Beijing’s narrative of it — and that gulf is only widening. For many ordinary Chinese, one of the worst economic slowdowns the country has faced in decades has translated into widespread pessiYouth at a job fair in Wuhan mism and resignation. But state media and officials continue to declare that any challenges are blips. Concerns about the economy, propaganda outlets have insisted, have been inflated by Western politicians and media outlets engaged in “cognitive warfare.” One social media account backed by China’s state broadcaster released a video that purported to investigate how foreign news outlets had cherry-picked statistics that predicted higher economic growth, just so they could later say China fell short. When the reality has proved too inconvenient, another approach has simply been to conceal it, as when Beijing this month stopped publishing the youth unemployment rate, which had been at a record high.

India all that much. This is disheartening, especially at a time when most Indians truly believe that everyone (except maybe the Chinese and Pakistanis) love them. According to the Washington-based Pew Research Centre, while 68% of Indian adults strongly believe that India's influence has risen in the world, only a median of 28% of adults in 19 other countries seem to agree. The survey by the phoren think-tank also says that barring Nigeria and Kenya, the favourability ratings for India have dipped in most countries.