Country Financial News

Countries worldwide are scrambling to secure rice after a partial ban on exports by India cut global supplies by roughly a fifth

DyeCoo says its process for getting colorants onto fabric doesn’t use any water or bonding chemicals — water is still needed for rinsing, though — and can halve a factory’s typical water use and emissions from textile dyeing. (About 95% of the CO2 can also be recycled between jobs.) Since 2010, the company has been working with garment makers in Taiwan, the Netherlands and Southeast Asia, and its backers include Nike Inc.’s venture arm and Ikea.

Balbir Dhillon, Head, Audi India, says “Audi globally has decided to launch 20 electric cars overall by 2025 and 25 by 2030. That means some of these cars will also be made in India. If all the cars that are going to be launched globally make a positive business case, we will try to bring them to our customers in the country.”On Audi’s EV journeyAudi has decided to be a fully electric car company by 2033 so the journey has started and eventually will move in that direction.

“Consumer-oriented industries have bright prospects, thanks to a strong GDP growth rate and a high rate of domestic consumption. As India's per capita income rises, the share of the wallet is shifting from goods to services,” says Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Shares and Stock Brokers. In an interview with ETMarkets, Hajra said: “Unlike China, India has a balanced mix of domestic consumption and savings.

Battlegrounds Mobile India) quickly rose to prominence in India after the ban on PUBG Mobile. Despite facing its own ban, the Indian government decided to allow BGMI back into the country with certain modifications around 10 months ago. Similar to other popular battle royale titles like Garena Free Fire, BGMI developers regularly release redeem codes that grant players access to a wide range of enticing rewards and freebies.

BEIJING — Chinese financial regulators at a central and regional government level held a video conference Friday to discuss the resolution of financial risks, according to a readout Sunday from the People's Bank of China.

Donald Trump, who is seeking his term, has once again raised the issue of high tax by India on certain American products in particular the iconic Harley-Davidson motorcycles, and has threatened to slap with reciprocal tax if voted to power in the 2024 presidential elections. During his first term as the US president, Trump described India as a «tariff king» and in May 2019, terminated India's preferential market access — Generalised System of Preferences (GSP) — to the United States alleging India has not given the United States «equitable and reasonable access to its markets.» In an interview to Larry Kudlow of Fox Business News, Trump said came down heavily on India tax rates, which he alleged was quite high. «The other thing I want to have is a matching tax where, if India charges us — India is very big with tariffs.

Oil prices were steady on Monday with Brent staying above $80 a barrel, as investors balanced tightening supply driven by OPEC+ cuts with nagging concerns about global demand growth amid high interest rates. Brent crude dipped 8 cents to $84.72 a barrel by 0033 GMT while U.S. West Texas Intermediate crude was at $81.28 a barrel, up 3 cents.

China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy. The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People's Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, was held at 4.2 percent. Closely followed by the markets, the two rates are now at historic lows, after previous reductions in June.

Chandrayaan-3's lander module, the Indian spacecraft is expected to touch down on the surface of the Moon at 1804 hours on August 23. Speaking to ANI, PK Ghosh said, “One of the biggest things is that it has got to get the spacecraft from a horizontal position to a vertical position. That is difficult.

Alliance, a coalition of 26 parties that was formed after the second meeting of the Opposition leaders in Bengaluru to take on the BJP in the 2024 general election, ANI reported. “BJP is anxious due to the formation of the INDIA.

Washington | The two pharmaceutical giants behind the lion’s share of the world’s COVID-19 vaccines have sold more than $US117 billion ($183 billion) worth of the drugs since their first big deliveries in 2021, but face a revenue cliff as the pandemic fades into history.

Gajendra Singh Shekhawat has taken a jibe at Congress leader Rahul Gandhi over his Chinese troops' remark, saying that nobody takes the latter's statement seriously. Talking to the reporters here, the union minister further said that Rahul Gandhi should read the history of the intrusion of lands by the neighbouring countries during the Congress rule. «I think Rahul Gandhi should delve into the history of land losses during his grandfather's, grandmother's, and father's tenures.

Kashmir Lieutenant Governor Manoj Sinha on Sunday said that the administration would not hesitate in taking appropriate legal action against those who are indulged in terror activities as the Constitution also allows the same. Talking to the reporters, Sinha said that the Constitution of the country allows authorities to go tough against those who posed a threat to national integrity by supporting terrorism and its ecosystem, and «enjoyed government jobs as well through illegal means».

stocks of their parent companies listed abroad as part of their salary packages. Here's a look at the documentation, taxation and disclosure requirements in India for these stocks.Q.What are the types of employee stock options?

Libya’s central bank has announced its reunification after being split for nearly a decade due to the country’s long-running civil war that resulted in two rival administrations, in the east and the west

US insurance broker giant Marsh & McLennan is nearing an agreement to acquire Australia’s Honan Insurance, according to people familiar with the matter.

IT hardware industry is increasingly concerned about what could be New Delhi’s definition of “trusted hardware”, with the Centre stressing that imposition of import curbs on laptops, tablets and servers is primarily due to national security reasons. Industry executives say that while the government has been successful in restricting Chinese players Huawei and ZTE from participating in India’s 5G rollout after adoption of the “trusted sources” approach, replicating the same for IT hardware won’t be feasible. That’s because unlike telecom equipment, laptops/tablets are consumer devices. More importantly, more than 80% of the market is controlled by non-Chinese firms belonging to the US, Japan, South Korea and Taiwan, which are already trusted trade partners of India, said industry executives. Lenovo is the only Chinese firm. Under India’s new rules for security of mobile networks, telcos are mandated to buy network equipment only from entities labelled by the National Cyber Security Coordinator as a ‘trusted source’ and product designated as a ‘trusted’ one.

By Stephanie van den Berg and Jacob Gronholt-Pedersen

telecom operators — Reliance Jio and Bharti Airtel — have divergent views on the use of the Universal Service Obligation Fund (USOF). Market leader Jio believes that, at present, the cash reserve is being used to fiberise the towers of competitors which «should not happen», while second-ranked Airtel wants the Centre to now start using the fund to fiberise towers. "...Let it [USOF] remain with the operators.

Hero MotoCorp is now looking at sustainable growth, enhancing market share across segments on the back of new product launches over the next few quarters, according to a top company executive. The country's largest two-wheeler maker is also looking at enhancing production capacity to roll out Harley-Davidson X440 which has already received over 25,000 bookings.