Country Financial News
24.08 / 18:37
BLOCK
Digital
SUN
Platform
Software
country
stake
BPEA sells Coforge stake for ₹7,684 cr
MUMBAI : BPEA EQT on Thursday sold its entire 26.63% stake in Coforge Ltd (formerly NIIT Technologies) for ₹7,684 crore to multiple investors through bulk deals, leaving the software services firm without a promoter and the first of its kind to be entirely owned by public investors. The block deals in the software services firm boosted its stock by around 10% to ₹5,391 on Thursday, with the transactions drawing marquee investors such as SBI Mutual Fund, Aditya Birla Mutual Fund, Capital Group and Kotak Mahindra Group. Coforge is a professionally managed company, and hence, no identifiable promoter is a good thing, said an analyst.
24.08 / 18:37
UPS
Citi
Aviat
Airlines
country
exclusive
Indian
Indian airports emerging as key transit hubs: IndiGo
Mint in an exclusive interview. “Earlier, the Indian airports were merely destination airports, but today we find a rising trend of people flying from one part of the world and come to Delhi, Mumbai, Hyderabad, and Kolkata, and take another onward flight without really exiting into any Indian city. That trend is increasing," Vinay Malhotra, head of global sales at IndiGo, said.
24.08 / 18:37
UPS
FIVE
BLOCK
Progressive
Manufacturing
awards
country
resolution
‘EU for investment court system for dispute resolution under BIT’
NEW DELHI : The European Union (EU) has proposed an investment court system for dispute resolution as part of the bilateral investment treaty (BIT) under negotiation alongside the free trade agreement, European commissioner for trade Valdis Dombrovskis said. EU officials plan to discuss the proposal with finance minister Nirmala Sitharaman on Saturday, Dombrovskis said in an interview. In a sign of easing trade tensions, the EU trade chief said that settlement of outstanding disputes at the World Trade Organization (WTO) is also on the agenda.
24.08 / 18:37
UPS
country
Enlarged BRICS
BRICS group of countries, comprising Brazil, Russia, India, China and South Africa, has agreed to admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE as new members. Concerns of BRICS gradually turning into an anti-West club have increased ever since Russia’s invasion of Ukraine and its “no-limits" partnership with China, which had been especially keen to expand membership. The group’s potential influence over global geopolitics has gone up.
24.08 / 18:19
24.08 / 17:39
Provident
Digital
Platform
track
country
social
Go back to a clean slate on data protection for children
₹200 crore. While a child can use an internet platform once a parent provides consent, the platform is completely prohibited from tracking and monitoring the behaviour of child users, irrespective of the purpose for which such data processing is to be conducted.
24.08 / 17:39
UPS
FIVE
track
country
India on track to become third largest economy: Finance secy
New Delhi: India, which is registering fastest economic growth among top five global economies, is on track to become the third largest economy, finance secretary T.V. Somanathan said on Thursday. India is currently the fifth largest economy behind the US, China, Japan and Germany.
24.08 / 17:39
UPS
VISA
Mobile
stage
country
India, UK free trade talks move to business mobility chapter
JAIPUR : India and Britain are discussing business mobility under their proposed free trade agreement (FTA), Kemi Badenoch, the UK minister for business and trade, said on Thursday. Overall visa liberalization issues do not come under the ambit of trade pacts, she clarified. In the services sector, she said, the UK is the largest market in Europe for Indian IT services.
24.08 / 17:39
Provident
Digital
Citizens
Platform
country
social
electronic
services
‘All citizen services to be made digital in next two years’
NEW DELHI : India aims to offer all public services through the digital public infrastructure over the next two years, said minister of electronics and information technology Rajeev Chandrasekhar. DPIs will deepen and widen the availability of government-to-citizen services and drive inclusion, he said.
24.08 / 17:39
UPS
Manufacturing
stage
country
Mandatory green hydrogen plan may go to cabinet soon
NEW DELHI : Industries such as refineries and fertilizer makers may soon have to follow a green hydrogen consumption mandate, with the ministry of new and renewable energy (MNRE) set to approach the union cabinet with a proposal. Addressing the BloombergNEF Summit here, minister for new and renewable energy R.K. Singh said talks are still underway on the green hydrogen consumption mandate level, which is yet to be decided.
24.08 / 17:39
UPS
Citi
Provident
Digital
Platform
Parke
country
‘We will launch public cloud platform by Jan’
What are some of the major projects in the pipeline? We are right now working on five more projects. Two of these data centre parks are coming up in Mumbai (Powai and Chandiwali). Both these projects are two buildings each with about 67 MW of IT power each.
24.08 / 17:39
Provident
Uncharted
country
social
foreign
Chandrayaan-3 landing: British anchor's 'don't come for foreign aid' jibe gets 'give Kohinoor back' retort from netizen
A news presenter who works for a news organization in Britain had to face the wrath of the netizens after he made a comment that India should return the £2.3 billion of foreign aid which was provided by Britain. He said,"“I would like to congratulate India for landing on the dark side of the Moon. I would also like to now invite India to return the £2.3 billion of foreign aid money that we sent them between 2016 and 2021.
24.08 / 17:39
Aviat
Remark
country
plane
Putin expresses 'condolences' over Prigozhin plane crash
MOSCOW : Russian President Vladimir Putin expressed his condolences on Thursday to the family of Wagner mercenary chief Yevgeny Prigozhin after his presumed death in a plane crash the day before and praised him as a "talented businessman". Crash investigators have still to conclusively identify the remains of the 10 people believed to have died in Wednesday's crash northwest of Moscow, and Putin said the examination would take time.
24.08 / 16:59
Facebook
UPS
Google
Platform
country
Canada to start planning how it will make internet giants pay for news
OTTAWA (Reuters) — The Canadian regulator responsible for implementing the country's online news law on Thursday said it will start setting up a framework for negotiations between news organizations and internet giants this autumn, with the aim of initiating mandatory bargaining by early 2025.
24.08 / 16:30
Provident
Aviat
country
Traffic
Air traffic controllers at Lebanon's only civilian airport to go on strike over staffing shortages
Air traffic controllers at Lebanon’s only civilian airport say they are badly understaffed and are planning to go on strike next month
24.08 / 16:30
UPS
Provident
Booking
Fighting
country
exclusive
Swiss
Regulator's review of over 30 Swiss banks finds shortcomings in money-laundering controls
Switzerland’s financial markets authority says an in-depth review of more than 30 banks conducted this spring found that “a large number” failed to meet basic requirements for analyzing the risk of money laundering
24.08 / 16:30
COST
VISA
Parke
country
Norway rebuilding reindeer fence along border with Russia to stop costly hooves' crossings
Norway is rebuilding a dilapidated reindeer fence along its border with Russia in the Arctic to stop the animals from wandering into the neighboring country — costly strolls for which Oslo has to compensate Moscow over loss of grassland
24.08 / 16:30
Provident
Twitter
FIVE
show
country
voice
Iran and Saudi Arabia are among 6 nations set to join China and Russia in the BRICS economic bloc
Iran and Saudi Arabia are among six nations that have been invited to join the BRICS bloc of developing economies, along with the United Arab Emirates, Argentina, Egypt and Ethiopia
24.08 / 16:30
24.08 / 16:29
BLOCK
CEO
country
Traffic
Dollar Tree 2Q results top Street on strong sales, increased traffic at its discount stores
Dollar Tree’s fiscal second-quarter results beat Wall Street’s estimates as the discount retailer experienced strong sales and increased traffic at its stores
24.08 / 16:29
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