Country Financial News

The Australian Professional Leagues is pushing for government funding of more than $12 million to help the A-League Women capitalise on the Matildas’ magical Women’s World Cup run.

Four funds run by Sydney’s PAC Capital – which promotes itself as a world leader in computer games investing and claimed to have more than $400 million under management – have been frozen after a run of withdrawals.

Italy is taking special measures to reduce the waiting time for Indians to get a Schengen visa. Italian Ambassador to India, Vincenzo de Luca, has said that Italian authorities are actively working to reduce the waiting time for Indian applicants seeking Schengen visas. Ambassador de Luca pointed out that Italy is presently faced with a substantial influx of Schengen visa applications, similar to other issuing nations, and they are striving to expedite the process to the best of their ability, SchengenVisaInfo.com reported. In an interview with Business Line, the ambassador mentioned that the number of Schengen visas granted to Indians during the first seven months of the current year has surged by 38 percent in comparison to the same timeframe of the previous year. He underscored that the current processing time for both business and tourist visas stands at 48 hours once the application is received.

defense manufacturing giants are seeking to win a Rs Rs 40,000 crore ($4.8 billion) order to build submarines in India as the South Asian nation looks to strengthen its navy to counter China’s expanding naval presence in the Indo-Pacific region. Indian officials are currently evaluating competing bids to build six of the vessels in the country, senior Indian officials aware of the developments said, asking not to be named because discussions are private.

Chakri Lokapriya, CIO & MD, TCG AMC, says “as we are going into the most important Diwali and post Diwali season, there will be a bunch of big releases and valuations are still okay. Their F&B has actually come down and that is not such good news on the margins. Therefore, the stock will trade on slightly lower margins.”Do you actually see the tide turning for PVR Inox? It was a pretty stellar weekend. And there have been impressive releases as well. Does this change the stance on the stock that has otherwise been through the grind, to put it mildly?In the last couple of months, there have been some very big blockbuster movies both English and as well as domestic names, which have done well.

SBI Youth of India, she was shocked to see the farm waste being generated and the practice of stubble burning. “So much of renewable resources were being wasted. There was a surplus of it,” she says.

Klar has received a $100 million debt facility from investment firm Victory Park Capital to expand the company's loan book in a country where few residents have access to credit. «This will let us provide better offers to our users, whether that's larger credit lines or reduced interest rates,» CEO Stefan Moller said in an interview ahead of the announcement.

Myanmar expects rice exports to surge in coming months as curbs on Indian sales and a spike in Thai and Vietnamese prices force buyers to hunt for other origins. The tightening in global supply should help revive the Southeast Asian nation’s rice shipments, which slumped 56% in the first four months of the fiscal year, and bring it closer to its annual goal of earning $1 billion from exports of the grain, Ye Min Aung, president of the Myanmar Rice Federation, said in an interview last week.

Google plans to train 20,000 Nigerian women and youth in digital skills and provide a grant of 1.2 billion naira ($1.6 million) to help the government create one million digital jobs in the country, its Africa executives said on Tuesday. Nigeria plans to create digital jobs for its teeming youth population, vice president Kashim Shettima told Google Africa executives during a meeting in Abuja.

Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with the Israeli firm, the sources said.

77th Independence Day of India. The seat reserved for him was seen unoccupied. The incident has sparked a political exchange between the ruling BJP and opposition parties.

Chandrayaan-3 will get more closer to Moon after the fourth orbit reduction manoeuvre planned today. As the mission progresses, a series of manoeuvres are being conducted by ISRO to gradually reduce Chandrayaan-3's orbit and position it over the lunar poles. The Indian Space Research Organisation (ISRO) has planned to further lower the lunar spacecraft to a 100 km x 100 km orbit today.

Narendra Modi, President Droupadi Murmu, and NDA leaders paid floral tributes to former PM and Bharatiya Janata Party (BJP) stalwart Atal Bihari Vajpayee on his death anniversary Sadaiv Atal' memorial. Vice President Jagdeep Dhankhar, Amit Shah, Defence Minister Rajnath Singh, Nitin Gadkari, Rajya Sabha Deputy Chairman Harivansh, Praful Patel, Arjun Ram Meghwal, Union Minister and Apna Dal (Soneylal) leader Anupriya Patel and HAM's Jitan Ram Manjhi also paid floral tribute to the former prime minister. Former PM Atal Bihari Vajpayee's foster daughter Namita Kaul Bhattacharya pays floral tribute at 'Sadaiv Atal', on his death anniversary.

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.

Check all the LIVE updates on Chandrayaan 3 mission here. Chandrayaan 3 Live: With the launch of Chandrayaan-3, the Indian Space Research Organisation (ISRO) is embarking to achieve a successful soft landing on the Moon.

Russia’s central bank has made a big interest rate hike in an emergency move designed to fight inflation and strengthen the ruble

US soldier crossing into North Korea, Pyongyang said on Wednesday claimed that the soldier has admitted «illegally intruding» due to "inhuman maltreatment and racial discrimination within the US Army", Yonhap news agency reported citing country's state media KCNA on Wednesday. North Korea has further claimed that the soldier, Travis King has expressed a willingness to seek refuge there or in a third country.

Uttarakhand and Himachal Pradesh has led to a rapid increase in the river water level, as per ANI reports. The rain continues to wreak havoc in Himachal Pradesh and Uttarakhand. Amid incessant rains, the Indian Meteorological Department (IMD) has issued a ‘red alert’ for several parts of both Himachal Pradesh and Uttarakhand and forecasted ‘heavy to hefty rains' for the next 24 hours.

People’s Bank of China on Tuesday lowered the rate on its one-year loans — or medium-term lending facility — by 15 basis points to 2.5%, the steepest cut in three years. The move came shortly before the release of July data that showed weak consumer spending growth, sliding investment and rising unemployment.

International Assets Advisory CEO Ed Cofrancesco discusses the FOMC's stress test for big banks and his stock picks to short.

Independence Day sales from last year's levels, industry executives said. Attractive offers and new movie releases lifted footfall in malls by 15-20%, driving sales of eateries and other stores such as apparel and fashion. Executives said the robust buying signals a significant improvement in consumer sentiment just ahead of the crucial festive season.