Country Financial News
30.08 / 15:09
Digital
country
cover
electronic
India plans to host first edition of 'Global IndiaAI 2023 ' in October
India and worldwide, the statement said. «The Global IndiaAI 2023 conference is tentatively planned for October 14 and 15 and it will bring together the best and brightest in AI from India and around the world,» Minister of State for Electronics and IT, Rajeev Chandrasekhar said. He said that the summit is expected to evolve and become a must-attend event on the annual calendar of the Global AI industry, startups, practitioners, researchers and students. «What makes India so attractive for AI is the diversity of it. Our diversity will be an addition to the quality of data sets for any large language model or any AI learning model.
30.08 / 15:09
COST
UPS
performer
country
Home textile industry to see 7-9% rise in revenues this fiscal: Report
Home textile industry's revenues are expected to rise 7-9 per cent this fiscal as the sector regains global share following a correction in domestic cotton prices and restocking by big-box retailers in major overseas markets, says a report. In the last financial year, their revenues had declined 15 per cent. According to the Crisil Ratings report released on Wednesday, operating profitability of the industry will improve 150-200 basis points to 14-14.5 per cent this fiscal, due to lower raw material cost and better operating leverage, but will still hover below the pre-pandemic levels. Improved operating performance will also have the industry maintaining a stable credit outlook despite moderate capex, it noted. The report is based on an analysis of 40 companies, accounting for 40-45 per cent of the sectoral revenues.
30.08 / 14:19
COST
UPS
CEO
love
country
David Jones CEO: luxury spending remains but second-half sales slow
David Jones chief executive Scott Fyfe says trading at the upmarket department store has remained in positive territory and shoppers are still investing in luxury brands, although sales in the past few months have slowed as pressures mount on household budgets.
30.08 / 14:13
Citi
Remark
Micron
country
blues
Rare blue supermoon to illuminate skies on August 31; here's where all you can view it in India
blue supermoon is poised to grace the night sky. This remarkable event is scheduled for the evening of August 31 when the full Moon ascends into the heavens. A supermoon occurs when the moon's orbit brings it remarkably close to Earth, resulting in it appearing larger and brighter than its usual self.
30.08 / 14:13
Target
Citizens
shootings
country
Travel warnings against US: Gun culture, mass shootings, what other countries warn their citizens about
gun culture mass shooting incidents in the US.Australia Australia warned its citizens of the gun culture in the US, told them that shooting incidents are frequent in that country, and warned them that gun crime is possible in all areas. It said, “Violent crime is more common than in Australia. Gun crime is also prevalent. If you live in the US, learn and practice active shooter drills.
30.08 / 13:47
UPS
Provident
FIVE
show
country
Explainer
Mint Explainer: Why the government cut LPG prices by ₹200
₹200 on domestic liquified petroleum gas (LPG) cylinders or cooking gas. The move comes in the backdrop of high inflation and also at a time when the government is gearing up for assembly elections in five states as well as general elections next year. Here's a look at the factors behind the decision and its likely impact.
30.08 / 13:47
Reuters
Immunic
SARS-CoV-2
country
New Covid-19 variant ‘Pirola’ sparks alarm in many countries - Should India be worried about BA.2.86?
Hindustan Times quoting virologist Dr. Pavithra Venkatagopalan, Pirola variant appears to have undergone as many changes as the Omicron variant did from the Delta variant of the coronavirus. Prime Minister Narendra Modi's Principal Secretary PK Mishra chaired a high-level meeting to review the global and national Covid-19 situation, newer variants in circulation and their public health impact on Monday, a press release from the Ministry of Health and Family Welfare read.
30.08 / 13:43
country
Narendra Modi cut cooking gas prices due to pressure from Congress guarantees, says Karnataka Deputy CM Shivakumar
Shivakumar on Wednesday took potshots at Prime Minister Narendra Modi saying he cut LPG cylinder prices by Rs 200 apiece due to the pressure from the Congress party's guarantee schemes his state was implementing. Hours before AICC leader Rahul Gandhi rolled out the Gruha Lakshmi scheme involving a monthly payout of Rs 2000 per woman head of a family, Shivakumar, who is also the Deputy Chief Minister, said the monthly transfer of cash under the Gruha Lakshmi scheme included Rs 500 to soften the blow due to the increase in prices of LPG cylinders. Taking a dig at the PM, the KPCC president wondered why the BJP was offering Rs 1500 to families in Madhya Pradesh if he believed `freebies’ bankrupted the governments. He also sought to know why he cut the LPG cylinder prices by Rs 200 if such giveaways indeed burdened governments. The Centre cut the gas cylinder prices after the BJP came under pressure in the states it was in power as people there were asking if the Congress-ruled states supported women with cash payouts, what stopped them from doing so.
30.08 / 13:43
Cardiovascular
show
country
symptoms
Be wary of symptoms like vomiting & jaw pain! Study says late diagnosis leads to worse heart disease outcomes in women than men
Women suffer worse outcomes when diagnosed with and treated for cardiac issues, according to the results of fifteen studies from 50 countries, including India. The researchers noted that the discrepancy is the result of women presenting with additional non-traditional chest pain symptoms including vomiting, jaw pain and abdominal pain. If and when these symptoms are missed by doctors, or by the patients themselves, diagnosis and treatments are delayed, they said. «We found stunning differences between men and women in the diagnosing of cardiovascular disease, treatment and symptoms,» said Mahdi O.
30.08 / 13:43
30.08 / 13:27
Lowe's
Target
BLOCK
Action
country
US commerce secretary warns China will be 'uninvestable' without action on raids, fines
Commerce Secretary Gina Raimondo says she warned Chinese leaders that U.S. businesses might stop investing in their country without prompt action to address complaints about worsening conditions due to raids on firms, unexplained fines and unpredictabl...
30.08 / 13:27
30.08 / 13:27
UPS
Provident
Progressive
country
social
boost
Germany's Scholz pledges less infighting as his government works to boost the economy
German Chancellor Olaf Scholz is pledging that his government will tone down frequent public infighting that has weighed it down badly in polls as it works to pick up the country’s stagnant economy, Europe’s biggest
30.08 / 13:03
UPS
Reuters
Waters
track
country
cover
Poor monsoon can spike food inflation; can it push RBI to hike rates? Experts weigh in
El Nino will turn moderate in September and remain strong till December this year. A couple of days ago, Reuters reported India is poised for its lowest monsoon rains in eight years. "India is poised for its lowest monsoon rains in eight years, with the El Niño weather pattern seen crimping September precipitation after an August that is on track to be the driest in more than a century," Reuters quoted two weather department officials saying so.
30.08 / 12:39
Progressive
Platform
Align
Enterprise
Stealth
country
Mumbai
India’s new warship Mahendragiri to be launched in Mumbai on 1 September
Mazagon Dock Shipbuilders, Mumbai, on September 1, marking a major step in the country's defence indigenisation programme, the defence ministry said. Mahendragiri, named after a mountain peak in Eastern Ghats located in the state of Odisha, is the seventh ship of the Project 17A Frigates.
30.08 / 12:37
Sony
film
Actor
show
country
star
stars
negotiations
'Breaking Bad' stars Bryan Cranston & Aaron Paul reunite to resume negotiations amid Hollywood strike
Breaking Bad" has reunited to call upon Hollywood studios to resume negotiations with striking screen actors. «We want you to come back to the table with us,» Bryan Cranston said in a plea to the Alliance of Motion Picture and Television Producers outside Sony Pictures Studios on Tuesday. Cranston was joined by Aaron Paul, Jesse Plemons and other members of the «Breaking Bad» universe in an effort to energise picket lines more than a month after SAG-AFTRA joined striking Hollywood writers. Both guilds are seeking to address issues brought about by the dominance of streaming services, which have changed all aspects of production and pay in the industry. «The way things were structured 10 years ago made a lot of sense and it made it more possible for journeymen-type actors, actors in the middle that are working just as a hard or harder,» Plemons said. By its final season, which aired more than a decade ago, «Breaking Bad» was one of the most watched and highest rated cable TV shows ever. The AMC hit series has achieved enduring popularity on Netflix, but its stars say that has not been reflected in their pay. «I don't get a piece from Netflix on 'Breaking Bad' to be totally honest and that's insane to me,» Paul said.
30.08 / 12:27
Lowe's
Digital
Actor
country
social
Crypto scams
UN Alerts Rapid Rise of Victims in Southeast Asia ‘Forced’ Into Crypto Scams
A report from the United Nations Human Rights Office revealed that “hundreds of thousands of people” across Southeast Asian countries are being “forced” by organized criminal gangs to engage in online scams including cryptocurrency frauds and illegal gambling schemes.
30.08 / 11:59
Celebrity
country
Gabon coup: Thousands celebrate as military officers put newly re-elected president Bongo under house arrest
AFP. -Bongo's son and close adviser Noureddin Bongo Valentin, his chief of staff Ian Ghislain Ngoulou as well as his deputy, two other presidential advisers and the two top officials in the ruling Gabonese Democratic Party (PDG) "have been arrested,", according to the military official statement -They are accused of treason, embezzlement, corruption and falsifying the president's signature, among other allegations, the statement added -A country of just 2.3 million people, Gabon has been ruled by the Bongo family for more than 55 out of its 63 years since independence from France in 1960 -Notably, another group of mutinous soldiers attempted a coup in January 2019, while Bongo was in Morocco recovering from a stroke, but was quickly overpowered. -Paris maintains a military presence in many of its former territories -- including Gabon where it has 370 soldiers permanently deployed, some in the capital Libreville, according to the French defence ministry website -According to reports, Omar Bongo was one of France's closest allies in the post-colonial era and his son has long been a regular in Paris, where his family owns an extensive real estate portfolio that is being investigated by anti-corruption magistrates.
30.08 / 11:59
COST
Action
Remark
show
country
Power
Renewables
Renewables helped power sector save $520 bn globally in 2022: Report
fuel price shock of 2022 could have been far more severe, potentially overwhelming the ability of many governments to mitigate it with public funds. IRENA’s new report confirms the critical role that cost-competitive renewables play in addressing today’s energy and climate crises by accelerating the transition in line with the 1.5°C warming limit.
30.08 / 11:11
COST
Assurant
performer
country
cover
exclusive
Centre
Centre to cover cost of ₹200 LPG cylinder price cut, assures Hardeep Singh Puri: Report
₹200 price decrease on household cooking gas cylinders, relieving the oil marketing companies of the impending loss of ₹7,500 crore. As a gift for the women in advance of Raksha Bandhan, the Union Cabinet on Tuesday lowered by 200 rupees the price of a 14.2 kilogramme LPG cooking gas cylinder. The decision was made as criticism of the Centre for its handling of rising inflation has grown.
30.08 / 11:11
UPS
Waters
Action
Gap
country
COP28
week
COP28 Presidency calls for urgent global adaptation action on climate change at Korea Global Adaptation Week 2023
climate change. During the opening session of the Global Adaptation Dialogue, Ambassador Majid Al Suwaidi, Director-General and Special Representative of COP28, reaffirmed the Presidency's unwavering commitment to prioritize adaptation and resilience.
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