Country Financial News

HS Prannoy extracted the last ounce of energy from his reservoir to stun two-time defending champion Viktor Axelsen of Denmark in a thrilling 68-minute quarterfinal to ensure a medal for India in the World Badminton Championship here on Friday. In a nail-biter, Prannoy once again showed his big-match temperament as he fought back from a game down to outwit the world No.

Canadians soon won’t find Kleenex tissues on store shelves.

Narendra Modi at the airport on the eve of the latter meeting the successful scientists of Indian Space Research organisation (ISRO)'s Chandrayaan-3 Mission in Bengaluru. The claim that CM Siddaramaiah was ‘barred’ from receiving PM Modi was made by Congress leader Jairam Ramesh. He took to microblogging site ‘X’ (formerly Twitter) to post, "The Prime Minister is scheduled to directly land in Bengaluru tomorrow at 6 am after his after his latest foreign jaunt to congratulate ISRO.

₹200 as of the quarter ended June 2023. “Tariffs need to go to ₹300," Mittal said, reiterating the need for tariffs to rise further in order to get a return on capital employed by the telecom service providers.

When Russian President Vladimir Putin acknowledged the death of Yevgeny Prigozhin in a plane crash this week, he did little to dispel the notion that he might have had something to do with it. The Wagner chief , he said at a meeting at the Kremlin Thursday, was “a man with a complicated life story, and he made many mistakes in life." Crossing Putin might have been chief among them.

earning revenues from launching satellites for other countries. Developing its own technology took time but ultimately allowed India to keep the costs of its in-house technology low, said Rajagopalan. ISRO also manages to achieve ambitious missions on a relatively small budget by keeping its goals contained, she said.

Modi said on Friday that India has shown its capability to the world by hoisting the tricolour on the Moon, asserting that its science and technology and innovation are creating a wave globally. Addressing the Indian diaspora in Greece, he also cited several development feats achieved by his government in the last nine years and emphasised that never before has so much investment been made in the infrastructure sector. Over 25 lakh km-long optical fibre cable has been laid in India since 2014 which is, he noted, more than six times the distance between the Earth and the Moon.

JBM Auto is gearing up to participate in the recently announced scheme under which 10,000 electric buses will be deployed in 169 cities under the public-private partnership model, a top company official said on Friday. The company, which already has orders for 5,000 electric buses from across the country in its kitty, is looking to go through the policy fine print before deciding its future course of action. «We are very well positioned with our product range, manufacturing capacity and technology to execute this but definitely we are waiting for further clarity on the policy in the next few weeks,» JBM Group Vice Chairman and Managing Director Nishant Arya told PTI on the sidelines of the B20 Summit here. He noted that the company is already the largest electric bus maker in the country with a manufacturing capacity of 20,000 electric buses per annum. «Having over 30 per cent market share and an order book of more than 5,000 electric buses we're delivering buses across India,» Arya said.

Sunil Bharti Mittal on Friday said he expects the recommendations that were made at the B20 Summit in India will be picked up. «G20 is a very important global decision-making, powerful body of the top 20 countries. B20 is a structure within G20 which is a feed-in mechanism of business recommendation into G20.

Cricket in India (BCCI) has awarded the title sponsorship rights for all BCCI international and domestic home matches to banking company IDFC First. According to sources privy to the development, IDFC First will pay Rs 4.2 crore per match, which translates to Rs 235.2 crore for the 56 matches that the Indian cricket team will play during the three-year cycle. The base price for the title sponsor rights was Rs 2.4 crore per match, which worked out to Rs 134.4 crore for the three-year period. IDFC First's per-match fee will be higher than the Rs 3.8 crore per match that MasterCard and Paytm paid during the previous cycle from September 2019 to March 2023. Apart from IDFC First, Sony Pictures Networks India was the only other bidder. It had bid Rs 2.4 crore per match, which was the base price set by the BCCI for the title sponsorship rights. Earlier, fantasy sports platform Dream11 had bagged the lead sponsor rights for the Indian cricket team for a base price of Rs 358 crore. In a statement, the BCCI said that the sponsorship and the activations around the title sponsor are aimed at enhancing IDFC First’s connection with cricket lovers across the country and beyond. The title sponsorship will kick off with the 3-match ODI series against Australia, scheduled to begin next month. The three-year title sponsor rights will kick off in September this year and end in August 2026.

Mint reported concerns raised by the ministry in this regard. “With the World Cup and Asia Cup around the corner, there will be more of an emphasis on this.

foreign exchange reserves dropped by $7.273 billion to $594.888 billion for the week ended August 18, the Reserve Bank of India (RBI) data showed on Friday, August 25. Forex reserves posted their steepest weekly fall in more than six months, according to the data.

ISRO will inspire future generations and elevate the standing of India in the space sector. On Friday, ISRO released the latest updates from the Chandrayaan-3 mission and said everything is as per the schedule of the mission. “All planned Rover movements have been verified.

Alfred Lord Tennyson’s famous poem, The Charge of the Light Brigade, memorialized the bravery of British soldiers as they attacked Russian forces in the 1854 battle of Balaclava during the Crimean War. “Into the valley of Death rode the six hundred” tolls throughout the poem. Tragically, the soldiers’ courage was betrayed by a careless mistake: they were sent the wrong way. Either the command was poorly communicated, or it was misunderstood by the brigade’s leader. Whichever was the case, the six hundred needn’t have died, if only the right plan had been executed.  

TORONTO — Canadian insurers are grappling with the higher risk of wildfires as this year’s fire season breaks records, and experts say rising premiums are just one way the industry is seeking to adapt to the changing landscape.

Australian government has swiftly moved to close a visa loophole that allowed international students to enroll in less expensive vocational courses upon their arrival in the country. Effective immediately, this loophole will be sealed. International students often took advantage of a provision known as the «concurrent study» rule, which permitted them to pursue additional courses alongside their primary studies, with the aim of enhancing their job prospects through short-term programs. However, recent investigations have brought to light a significant number of students misusing this rule, choosing to abandon their university studies in favor of more affordable courses. According to data, there has been a notable surge in concurrent study enrollments during the first half of 2023, totaling 17,000, compared to a combined total of 10,500 for the same period in both 2019 and 2022.Education Minister Jason Clare stated, «This change will work to stop predatory 'second' providers from enrolling students before they have studied for the required six months at their first provider.»

cybersecurity will be through generative AI, said Microsoft USA vice chairman Brad Smith during the B20 India Summit 2023 in New Delhi. Addressing cybersecurity attack concerns raised by generative AI, Smith said that there will be an increasing number of organisations and governments that will use the technology to develop cybersecurity threats. “The problem today is that we live in a world where the cloud services, all of the technology that we use, is susceptible to attacks from cyber criminals and nation states,” said Smith, adding that as the success rates of criminals are falling, the volume of cyber attacks is also rising.Also read | Regulatory blueprint is a must for AI adoption across public and private sector: Microsoft president Brad Smith He said that 80% of all successful ransomware attacks originate in an organisation through unmanaged devices or services. He added that cyber attacks by nation states have also increased with almost 40% of the attacks targeted towards critical infrastructure.

Surat and Agra. The central government announced the India Smart Cities Awards for 2022 on Friday.

Kremlin on Friday dismissed rumours it orchestrated the death of Wagner chief Yevgeny Prigozhin, presumed dead in a plane crash two months after leading a mutiny in Russia. It also announced by decree that Russian paramilitary fighters will be obliged to swear an oath to the Russian flag, part of measures to rein in groups like Wagner in the wake of the uprising. Speculation the Kremlin may have been involved in the crash has swirled since Wednesday, when a private jet reportedly carrying Prigozhin crashed between Moscow and Saint Petersburg. The rumours have been voiced by Western countries, Kremlin critics and even suggested by some pro-Kremlin figures. Kremlin spokesman Dmitry Peskov described the incident as «tragic» to reporters on Friday and acknowledged public discourse around foul play and possible involvement of the authorities. «Of course, in the West, this speculation is being presented from a certain angle. All of this is an absolute lie,» Peskov said, urging patience and adding that ongoing probes would reveal facts around the fatal crash. Russian officials have opened an investigation into air traffic violations but have so far not disclosed details of the probe or the incident. President Vladimir Putin broke his silence on the crash Thursday, offering condolences to the families of the 10 people onboard and describing the incident as a «tragedy.» He said Prigozhin, who in June led an armed mutiny against Russia's military leadership, had made some «serious mistakes in his life» and had a «complicated fate.» — Suspicious timing — The short-lived but bloody unrest was seen by observers as having been the biggest threat to Putin's long rule. Moscow has not yet confirmed Prigozhin's death.

Delhi from Mumbai, Chandigarh, and other cities in preparation for the upcoming G20 summit. Delhi itself is receiving a significant facelift in anticipation of the summit, scheduled to take place at the renovated Pragati Maidan on September 9-10. With delegations from more than 20 member countries and other invited guests converging on the city for this prestigious event, the demand for high-end vehicles has surged. Cab rental companies with impressive fleets of these luxury vehicles have been enlisted to cope with the immense demand.Iqbal Singh, an operator based in the city, shared that they have been procuring new cars with priority delivery in light of the summit's requirements. «The demand for luxury cars is incredibly high, and Delhi operators alone cannot meet it.

Renewable energy solutions provider Suzlon Group on Friday announced that it has bagged a large order for a 201.6 MW wind energy project from Teq Green Power XI, a part of O2 Power. ''Suzlon will supply the wind turbines (equipment supply) and execute the project including erection and commissioning," the company said in a statement. The company will also provide operation and maintenance services post-commissioning, it added.