Country Financial News

climate Change Mahesh Palawat said moderate to heavy rain is expected over Uttarakhand and Himachal Pradesh during the next two days. Furthermore, he warned that another heavy spell is possible from 20 August. The Himachal Pradesh University in an order said that the teaching activities in state University will be suspended till 19 August whereas University Library to be closed till 20th August.

iPhone 15 in India, people familiar with the matter said. The latest iteration of Apple's most popular product, due to be launched globally next month, will be manufactured in India by the Taiwanese company just a few weeks after production starts in China, the country where majority of Apple's products are made. Two industry executives in the know said Foxconn's facility in Sriperumbudur, Tamil Nadu, has started the 'new product introduction' (NPI) process for the upcoming iPhone 15, with mass production set to begin closer to the launch date.

BRICS leaders meet in South Africa next week to discuss how to turn a loose club of nations accounting for a quarter of the global economy into a geopolitical force that can challenge the West's dominance in world affairs. Russian President Vladimir Putin, who faces an international arrest warrant over alleged war crimes in Ukraine, will not join leaders from Brazil, India, China and South Africa amid rifts over whether to expand the bloc to include dozens of «Global South» nations queuing up to join.

Google Doodle is celebrating Indonesia's 78th Independence Day is a special illustration designed by guest artist Diela Maharanie. Indonesia had officially declared independence from Dutch rule on August 17, 1945. “Today’s Doodle artwork represents the Indonesian community coming together to play traditional Independence day games, remembering the importance of collaboration." Google said in a blog post.

Petrol and diesel sales by state-run oil companies fell 8% and 6% respectively over the last year in the first half of August as the private sector fuel retailers clawed back market share and as heavy rains affected mobility and industrial activity in some parts of the country. Compared to the first half of July, state-run oil companies sold 5% less petrol and 9.5% less diesel in August, the data showed.

(Reuters) — ANZ Group Holdings said on Thursday late mortgage repayments past 90 days edged higher in the June quarter but were still below historic levels while logging higher customer deposits in a stiff market.

(Reuters) — Global ratings agency Fitch downgraded Ecuador deeper into junk territory on Wednesday, citing financing risks arising from a significant deterioration in fiscal accounts as the country heads to polls.

(Reuters) — Australia's Telstra (OTC:TLGPY) on Thursday forecast higher underlying core earnings after it posted a 14% jump in annual profit, riding on strong growth in its mobile business and an increase in postpaid prices.

By Helen Reid

Spain vs Sweden semi final match in the FIFA Women’s World Cup 2023 created history by becoming the most-watched game in a Women’s World Cup. At one point in time, as many as 3,755,000 people were watching the match on Spain’s government-controlled RTVE La 1 channel, besides 43,217 spectators in the Auckland Park stadium in New Zealand.

Investing.com — The spot price of gold fell back on Wednesday to under the key $1,900 level critical to those long on the yellow metal as the dollar pressed forth its rebound from 15-month lows. 

By Jarrett Renshaw

Narendra Modi will not return to power after the 2024 Lok Sabha polls, Nationalist Congress Party president Sharad Pawar has said. Setting to rest speculation that he may follow his nephew, Pawar said that he will not align with BJP but work for change of government in 2024. The INDIA bloc has come together to fight BJP and provide an alternative to NDA, he said.

union cabinet on Wednesday approved Rs 57,613 crore green mobility scheme, seven multitracking rail projects worth Rs 32,500 crore and a Rs 13,000 crore scheme to upskill and provide concessional credit to craftsmen. "....Priority will be given to cities having no organised bus service," Information and Broadcasting minister Anurag Singh Thakur told reporters after a meeting of the cabinet chaired by Prime Minister Narendra Modi.

parliamentary panel has recommended setting up a specialised security agency for airports with more than one-sixth of CISF units exclusively deployed there. This should be done by the civil aviation ministry in consultation with the Ministry of Home Affairs, it said. As airports owe more than Rs 4,700 crore to the Central Industrial Security Force (CISF) — of which over Rs 3,000 crore is from 16 joint venture airports — the parliamentary standing committee on transport, tourism and culture chaired by YSR Congress leader V Vijaysai Reddy has sought reasons for it and ask for its earliest clearance. Noting that 66 units of CISF or 18.7% of its total units are deployed at airports only, the panel in its report highlighted the need for a separate security agency as the civil aviation sector has seen an exponential growth and will grow at a faster space in near future, which will enhance the need for manpower to provide security. “The Committee, therefore, recommends that the Ministry of Civil Aviation may examine the feasibility of setting up a specialized security agency for airports only, in consultation with the Ministry of Home Affairs,” the report states.

Insacog (Indian SARS-CoV-2 Genomics Consortium), the pan-India network of laboratories set up to monitor genomic variations of the coronavirus, will hold a review meeting this Friday, amid an upsurge in Covid-19 infection in other countries, people in the know told ET. In India, cases have been reported from Delhi, Karnataka and Maharashtra, but there has been no significant upsurge, one of the people said. «There has not been any clustering or unusual increase in the number of cases,» he added.

NEW DELHI : Production of the iPhone 15, which is likely to be unveiled next month, has started at the factory of Apple’s contract manufacturer Foxconn near Chennai, two people familiar with the development said, the first time an Apple smartphone is being assembled in India before its international launch. Foxconn, the world’s largest electronics manufacturer, is assembling these devices at its Sriperumbudur facility in Tamil Nadu, even as it expands its local manufacturing operations beyond smartphones. “One of the units of Foxconn has started making the latest model.

NEW DELHI : A record number of World Trade Organization (WTO) members have raised concerns about rising protectionist moves in global trade, propelling the issue to centre stage at the 13th WTO Ministerial Conference (MC13) in Abu Dhabi in February, an official aware of the development said. Many developing nations, including India, are set to oppose the European Union’s (EU’s) carbon border adjustment mechanism (CBAM) that aims to tax imports of carbon-intensive products such as steel, aluminium, cement, and electricity. The EU is also expected to file a complaint against the US’s Inflation Reduction Act because the $430 billion subsidy to manufacturers of green technology will distort international prices and is against WTO norms.

NEW DELHI : Miners discovering critical and deep-seated minerals may be allowed a revenue share from the block over the entire 50-year lease period, two people aware of the plans said. Miners may also be given the right to carve out as many mineral blocks from the prospected areas that would be auctioned for mining lease later, ensuring recurring returns for the standalone mining entity over the life of different mines with varied mineral deposits.

Congress is highlighting the role played by Jawaharlal Nehru in the making of the Constitution as part of their efforts to project it as a product of the ‘joint vision’ of Nehru and Ambedkar. The party is trying to undo the perception allegedly spread by BSP that Ambedkar was the sole visionary behind the Constitution. This seems to be part of the Congress’ strategy to woo the Dalits, especially BSP’s core Jatav support base, ahead of the 2024 polls.

NEW DELHI : The Union cabinet on Wednesday cleared a raft of programmes spanning mobility to digital, totalling ₹1.18 trillion, about eight months ahead of general elections. Railways bagged the biggest chunk of about ₹32,500 crore, which will go into seven projects, including laying multiple tracks in busy routes to ease operations and reduce congestion. All projects will be fully funded by the Centre.