Country Financial News

15.08 / 16:57

UPS Progressive SENSEX country audience Mirae Asset India chief bets big on India’s growth story

₹7,625 in July from ₹8,367 crore the previous month, according to data from the Association of Mutual Funds of India. It is in this context that Swarup Mohanty, chief executive and director of Mirae Asset Investment Managers, shared some interesting insights on the future prospects of the asset management industry . “The question we ask everyone is: What is on your mind: the Sensex climbing to 65,000 or India progressing to become the third largest economy in the world," said the Mirae India chief at Mint’s Annual Mutual Fund Conclave, 2023, held in Mumbai recently.

15.08 / 16:39

Blockchain Citi Digital Citizens Mobile country electronic Ruble Russia launches test phase for digital ruble

Russia launched the test phase of a digital ruble on Tuesday, in a bid to limit the impact of international sanctions imposed following its offensive in Ukraine. «On August 15, the tests of operations with real digital rubles began,» Russia's central bank told AFP. The trial phase involves 13 other banks and 600 individuals who can make payments at 30 sales points in 11 Russian cities, it added.

15.08 / 16:39

UPS Twitter Remark country Congress 'warns' people chief of EAC-PM Bibek Debroy has 'sounded bugle for junking Constitution'

Congress on Tuesday said Bibek Debroy, the chairman of the economic advisory council to the prime minister, has «sounded the bugle for junking the Constitution» whose prime architect was B R Ambedkar, and «warned» people about it. «This has always been the agenda of the Sangh Parivar. Be warned, India!» Congress general secretary Jairam Ramesh said, citing Debroy's remarks in an article.

15.08 / 16:39

UPS Cooper Waters Remark country China damming Brahmaputra river may prove disastrous for Bangladesh

China, an upper riparian nation, has built roughly eight hydroelectric power projects (HPPs) on the lower levels of the Brahmaputra; some of them are currently operational, others are being built, and one mega-dam is being considered, according to the Daily Mirror. According to Beijing's 14th Five-Year Plan (2021-25), the 9th projected 60 GW HPP could be constructed at the Great Bend in Motuo County of Linzhi Prefecture, Tibet.

15.08 / 16:33

Highways country Centre State border levies on taxis irk Centre

NEW DELHI : The ministry of road transport and highways has asked states and union territories to stop charging additional levies in the form of passenger tax, checkpost tax and border tax from tourist vehicles. In a letter to principal secretaries, transport secretaries and transport commissioners of states and UTs, the road ministry said vehicles with all India tourist permits have a mechanism where permit fees are shared with the states.

15.08 / 16:33

FIVE Pool Parke Infinity stage country place The Priciest Place to Live in the Midwest? It Doesn’t Get More Expensive Than Gl

real estate, according to Realtor.com. (News Corp, owner of The Wall Street Journal, also operates Realtor.com.) Glencoe’s 60022 ZIP Code median listing price is $3.26 million, surpassing the next priciest Midwestern ZIP Code—that of Kenilworth, Ill., about four miles southeast of Glencoe—by close to $1 million. Anchored by a buzzing downtown with local boutiques and restaurants, Glencoe has transformed into a village of its own, says luxury broker Jena Radnay of @properties.

15.08 / 16:33

UPS MAIL Cooper Aware awards country India to step up defence ties with Philippines

NEW DELHI : India and the Philippines are looking to step up defence ties after the Southeast Asian nation’s high-profile purchase of a BrahMos missile. Negotiations on a defence line of credit have picked up, according to persons aware of the matter.

15.08 / 16:29

Blockchain Provident Digital Progressive USDT BlackRock country 11 potential impacts on crypto and the market from the rise of CBDCs

In June 2023, the Atlantic Council, based in the United States, announced the results of a study on global nations’ interest in and progress toward creating their own central bank digital currencies. Eleven countries have already launched CBDCs; 130 others are in the exploratory phase, and about half of those have begun the development process.

15.08 / 16:03

Highways country Centre Centre against state border tax levies

15.08 / 16:03

COST UPS show country Oil imports from Russia up nearly 3-fold

New Delhi Crude oil imports from Russia rose nearly three-fold in the first quarter of this fiscal compared to the same period of FY23, according to government data. Oil imports from Russia during the three months to June stood at $12.36 billion, 170.66% higher on a year-on-year basis. During the same period last fiscal, the imports stood at $4.57 billion, showed data from the ministry of commerce and industry.

15.08 / 15:39

UPS MAIL Cooper Aware awards country India, Philippines to step up defence ties

15.08 / 15:27

UPS Progressive Action Chevron country social surges European gas surges 18pc amid LNG strike fears

European natural gas futures jumped by as much as 18 per cent as the labour disputes at Woodside LNG appeared unresolved, potentially disrupting global supplies if staff proceed to strike.

15.08 / 15:27

Progressive Gap Pool Align Accenture Pride country Truly inclusive workplaces can and should be created

Workplaces have a vital role to play in Pride inclusion. Even as we see the number of Pride-friendly employers grow, let us examine how organizations can make the leap from tokenism to fostering a truly inclusive workplace culture.

15.08 / 15:27

UPS Waves Target Reuters Action Fighting country ASX-listed Russian coal miner fights sanctions, taps China

A Russian coal miner listed on the ASX will keep digging and shipping coal from Siberia to China despite the Foreign Affairs Department advising they are “likely” to be in breach of Australian sanctions imposed following Vladimir Putin’s invasion of Ukraine.

15.08 / 15:27

Citi Ball Nike country audience Late to Matildas mania? Good luck finding merch

Latecomers to the Matildas’ bandwagon are increasingly out of luck when it comes to public displays of affection for the team that has captured the nation’s imagination.

15.08 / 14:55

Citizens Career Merit Dreams country social Haryana people should forget religious, communal differences and maintain harmony: CM Khattar

Haryana should forget social, religious and communal differences, and maintain harmony, Chief Minister Manohar Lal Khattar said on Tuesday and asserted that «we consider the people of the entire state our family». Last month, clashes broke out in Haryana's Nuh district after a procession of the Vishva Hindu Parishad (VHP) was attacked by mobs, and it spread to adjoining areas, including Gurugram. Six people, including two home guards and a cleric, died in the violence.

15.08 / 14:55

JPMorgan Gap Chase Fitch country cover Fitch warns may be forced to downgrade dozens of US banks, including JPMorgan, says CNBC

Fitch Ratings analyst Chris Wolfe warned that the US banking industry has inched closer to another turbulence — the risk of rating downgrades on dozens of US banks that could even include JPMorgan Chase, a report from CNBC said Tuesday. In June, the ratings agency lowered the score of the US banking industry's "operating environment" to AA- from AA, citing pressure on the country's credit rating, gaps in regulatory framework and uncertainty about the future trajectory of interest rate hikes.

15.08 / 14:55

Blockchain UPS Citi Digital Strategy country Bengaluru fresher hiring sentiment down by 10%, hit by slump in IT sector

Bengaluru's companies said they were willing to hire freshers in the second half of this year — a fall from 75% in the first half — according to a survey by TeamLease Edtech, a division of Bengaluru-based TeamLease Group. The survey attributes this to the decline in hiring in the IT sector. According to data from staffing firm Xpheno, IT services giants are expected to reduce their overall hiring by 40% in fiscal 2024.

15.08 / 14:55

COST Strategy country Explainer Indian Mint Explainer: Why do non-tariff barriers hinder Indian exports?

Economic Advisory Council to the Prime Minister (EAC-PM), are regulations and restrictions that ensure quality of products and protect human, plant and animal health. These measures are largely used for agriculture or animal-origin products that are directly used for human consumption. The EAC-PM report further clarifies that there exists a thin line between non-tariff measures and non-tariff barriers and that all non-tariff measures cannot act as non-tariff barriers.

15.08 / 14:55

Provident Platform FLEX show country Poland displays military might in huge parade as elections loom

Poland's biggest military parade since the Cold War took place in Warsaw on Tuesday, as the NATO-member country flexes its military muscle in what the government hopes will be both a message to Moscow and to voters ahead of elections in October. Russia's invasion of Ukraine has made boosting the armed forces a priority for Poland's ruling nationalists Law and Justice (PiS), and with the election campaign in full swing the immense display of military hardware provided a chance to burnish their security credentials.

15.08 / 14:55

Provident Extreme country Get on with data protection now that the law’s enacted

reality has been the emergence of an active, articulate and well-connected technology policy community whose numbers have grown steadily over the years. This community discusses policy developments across all aspects of technology, content and telecommunication in WhatsApp and Signal groups—as well as at in-person events—where they share news and viewpoints on various developments. Much of the public writing on tech policy in the country (mine included) owes a lot to discussions within these groups.

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