Country Financial News

By Jonathan Allen

Reuters report also notes that the result of the Latin American country's economic crisis is evident in the environmental damages. An economic crisis has resulted in lower investment and staffing, thereby failing on the promises of clean up for oil spill and control of gas flaring. Experts have also cited the US sanctions on Venezuela for the damages on the environment.

China says it would welcome a visit by U.S. Commerce Secretary Gina Raimondo following the imposition of foreign investment controls by her agency that have stung numerous Chinese companies

University Grants Commission (UGC) has drafted guidelines for granting equivalence and for recognition of degrees obtained from foreign universities, restricting degrees obtained through distance and online mode as well as through any franchise agreement. The commission has also drafted norms for recognising qualifications obtained from schools affiliated to foreign boards as well as from offshore campuses of a foreign higher educational institution.

supply chain shift happening owing to the US-China trade war, deglobalization and pandemic disruptions, according to a UBS report. While the report released Thursday noted that no single country could replicate China’s success in manufacturing, it said that India could benefit from supply chain shifts and reforms, which could also result in job creation. “Growth could rise to 6.25-6.75% YoY by 2030 under an optimistic scenario and 6.75-7.25% YoY under a blue-sky scenario, leading to job creation,” Tanvi Gupta Jain, chief India economist, UBS, noted.

Aldi has recently acquired a substantial portfolio of 400 Winn-Dixie and Harveys grocery stores. This strategic takeover, predominantly concentrated in the southern regions, is accompanied by the company's ambitious plans to further expand its presence across the entirety of the nation in the forthcoming years.

Private equity and venture capital funds' investments in the country declined 5% to $3.9 billion across 59 deals in July, a report said on Thursday. While overall investments were lower than the $4.1 billion in July last year, the amount was 17% higher than June this year, as per the report by industry lobby IVCA and consultancy firm EY.

Planview opened a global capability and innovation centre in Bengaluru and earmarked $125 million in investments for expansion in the region over the next four years. The Texas, US-headquartered company Thursday said the investment will go into hiring and centre operating expenses over the next four years to drive a strong growth trajectory in the country. It also said it had hired around 400 people in the last 12 months.

smartphones that stated "This is a SAMPLE TESTING MESSAGE sent through Cell Broadcasting System by the Department of Telecommunication, Government of India. Please disregard this message as no action is necessary on your part. This message has been transmitted to TEST the Pan-India Emergency Alert System currently being implemented by the National Disaster Management Authority.

New Delhi: The Central Water Commission will now provide flood forecast for up to seven days on a real-time basis. The move comes at a time when northern India has been battling floods following heavy downpour.

By Helen Reid

India can utilise the huge amount of waste generated throughout the country to produce 65 GW of electricity per annum, which can grow to 165 GW by 2030 and 436 GW by 2050, according to experts. India generates 65 million tonnes of waste every year, which is estimated to go up to 165 million tonnes by 2030 and 436 million tonnes by 2050 as per a white paper prepared at a two-day workshop of waste management experts held recently.

China's economic model is «washed up on the beach» and «not going to take off again,» which will have a big impact on global markets, says veteran investor David Roche.

Investing.com — Tyson Foods (NYSE:TSN) is planning to sell its poultry business in China, according to three unnamed sources quoted by Reuters, making it one of a string of foreign firms who have been looking to reduce their operations in the country.

covid-19 pandemic and the induced lockdown, outbound tourism from China was a valuable international commodity. Statistics from the World Tourism Organization suggest Chinese travellers spent $255 billion in 2019, accounting for 20 per cent of all international tourism spending.

Mint delves into the policy's details. The policy aims to phase out polluting passenger and commercial vehicles to combat urban pollution, promote safety, and boost vehicle sales. Under it, commercial vehicles older than 15 years and passenger vehicles older than 20 years will be scrapped if they fail the fitness test.

New Delhi: The Centre is committed to ensuring optimal operational efficiency of Central Public Sector Enterprises (CPSEs) and will deploy annual performance reviews to achieve this, Union heavy industries minister Mahendra Nath Pandey said on Thursday. Pandey said performance reviews play a pivotal role in assessing CPSEs' progress and refining their operations.

Yash Acharya,a job seeker recently shared his story on X (formerly known as Twitter) that how a co-founder of online grocery delivery platformZepto reached out to him directly for his CV. Later,Acharya’spost went viral on the social media platform. According to Acharya’s post, he had applied for the role of a product design intern at Zepto.However, he received a reply through an email with the subject line: “You’d be a great fit for this Delivery Boy (Mumbai) role at Zepto!" The job seeker has posted a screenshot of the email he received from the company, and wrote: “Par maine to product designer ke liye apply kiya tha (But I applied for the role of a product designer)." After the Acharya’s post came to the notice ofZepto’sco-founder and CTO Kaivalya Vohra, he then reached out toAcharyadirectly and asked him to share his CV.

(Reuters) — Four major brokerages cut China's economic growth forecast for the year as worries about contagion from debt repayment troubles at its top private property developer Country Garden deepened.

SJVN Ltd has inked two pacts with Punjab State Power Corporation Ltd (PSPCL) to supply 1,200 MW of solar power from its projects, Punjab Chief Minister Bhagwant Mann said here on Thursday. Satluj Jal Vidyut Nigam signed two power purchase agreements (PPAs) for 1,200 MW solar power recently. PSPCL had floated tenders for procurement of power from solar projects located in Punjab and other parts of the country.

New Delhi: Retail inflation shot past estimates to hit a 15-month high of 7.44% during July. Mint explains the government's efforts to curb soaring inflation? Over the past few weeks, the Centre has introduced a slew of measures to shore up domestic grain supplies, especially wheat, in order to cool local prices. As things stand, wheat export has also been banned to address domestic demand.