Country Financial News

Independence Day today because (1) we get a holiday, on a Tuesday; (2) the kids get genuinely excited about dressing up as freedom fighters, singing the national anthem, and being part of the flag-hoisting ceremony, leaving most adults to our own peaceful, patriotic devices; (3) like on any other festival like Christmas, Diwali or Valentine's Day, business is swell on I-Day — barring that of alcoholic beverages, which, for some reason or another, was considered by the fathers of the nation as going against the general celebratory mood of finally being free to do whatever one pleases; (4) it would have been awkward if we had remained a British colony in 2023 — especially when Britain itself has become considerably Less Great — thanks just to one voluble Wren & Martin-swilling lot of Indians believing that Indians are rubbish at governing India; (5) it's the perfect day to rewatch the 1996 blockbuster Independence Day and its 2016 sequel Independence Day: Resurgence, despite the movie having aliens try to take over Earth (read: America) on an odd day, July 2, 1996, and driven out two days later — instead of aliens leaving Earth (read: India) on August 15, 1947.

Financial Awareness Day, observed annually on Aug. 14, promotes financial literacy and encourages individuals to take steps to improve their financial well-being.

India and the United Arab Emirates have started settling bilateral trade in their local currencies with India's top refiner making payment in rupees for purchase of a million barrels of oil from the Middle Eastern nation, the Indian government said on Monday.Indian Oil Corp made payment to Abu Dhabi National Oil Company (ADNOC), according to a statement issued by Indian embassy in UAE. The transaction comes after one involving the sale of 25 kg gold from a UAE gold exporter to a buyer in India at about 128.4 million rupees ($1.54 million).

India on Monday pressed for early disengagement of troops in remaining friction points in eastern Ladakh during a fresh round of high-level military talks with China, people familiar with the matter said. The Indian delegation at the 19th round of Corps Commander-level talks especially called for the resolution of issues in Depsang Plains and Demchok, they said. The talks took place at the Chushul-Moldo border point on the Indian side of the Line of Actual Control (LAC) in the region.

England Test captain and the world's premier all-rounder Ben Stokes is all set to come out of retirement and play the ODI World Cup in India even if it comes at the cost of missing a season of cash-rich IPL, according to British daily 'The Telegraph'. According to a report in the leading English newspaper, «Ben Stokes is prepared to make a sensational U-Turn and reverse his one day international retirement to help England's World Cup defence in India this year, even if it means missing out on next season's Indian Premier League.» «The England Test captain now appears willing to play World Cup if he is asked by white-ball captain Jos Buttler,» the paper further reported.

Mint had reported in January this year that the public sector Power Grid Corporation of India had prepared a preliminary report for the project. Mint reported that the interconnection would take place through overhead power lines and not subsea cables. Talks on establishing power grid connectivity have been on for over a decade now.

NEW DELHI : Indian goods exports remained under pressure in July as demand from key markets such as the US, Europe and China remained subdued amid high inflation driven by persistent geopolitical tensions. While services exports continued to report healthy growth, merchandise or goods exports declined to their lowest in nine months, falling 16% to $32.25 billion in July from $38.34 billion in the year earlier, data released by the commerce and industry ministry on Monday showed. Imports during the month also declined by 17% to $52.92 billion from $63.77 billion in the year-ago period, narrowing the trade deficit to $20.67 billion.

retail sales. Problems are also cropping up in other financial-asset classes in China. Three publicly listed companies said in recent days that they didn’t receive payments they were promised on wealth-management products sold by Zhongrong International Trust, which is part of Zhongzhi Enterprise Group, a large domestic Chinese conglomerate.

NEW DELHI : The steel ministry plans to write to all major steel companies with export interests to assess their preparedness for reducing their carbon footprint and for facing the green challenges emerging in global markets. The development comes at a time when India is exploring tariff and non-tariff measures to counter EU’s Carbon Border Adjustment Mechanism (CBAM) that proposes to tax ‘embedded carbon’ in imports of steel, aluminium, cement, hydrogen, electricity and fertilizers from 1 January 2026.

Mamata Banerjee said on Monday that the Centre is “bulldozing” the state governments and the central agencies like ED and CBI are being sent to the opposition ruled states. The Centre is trying to deprive the people of Bengal by not disbursing funds for Bengal. However, Banerjee said that she will fight it out and has called for a movement on October 2, demanding funds.

LONDON (Reuters) — Sanctions-hit Alrosa kept diamond sales in the first half of 2023 at the year-ago levels, the Russian company said on Monday as it reported financial results for the first time since Moscow's 2022 invasion of Ukraine.

By Adam Jourdan, Eliana Raszewski and Anna-Catherine Brigida

India has always been a peace-loving nation, but will not spare those with «ill intention or hostility», Defence Minister Rajnath Singh said on Monday, amid the lingering border row with China in eastern Ladakh and Pakistan's support to cross-border terrorism. On the eve of the 77th Independence Day, he also said the government is making all efforts to equip the armed forces with the latest weapons and training to meet future challenges. «We not only seek peace but also express our commitment to peace through our actions.

Solitaire Group, through one of its subsidiaries Honest Vastunirman, has acquired an over 20-acre land parcel in Mumbai’s Andheri suburb from Arogya Bharti Health Parks and Arogya Bharati Hospitals for nearly Rs 550 crore. The total consideration includes 140 residential tenements with carpet area of nearly 38,000 sq ft to be constructed by the developer and to be handed over to the seller within six years of the conveyance deed. As part of the total consideration, Honest Vastunirman has paid Rs 230 crore each to Arogya Bharati Hospitals and Arogya Bharti Health Parks.

airstrike on a crowded town square in Ethiopia's restive Amhara region killed at least 26 people and wounded more than 55 others, a senior health official said Monday, days after authorities asserted that calm had been restored in the area. Local militia members have been clashing with Ethiopia's military over efforts to disband them, and last week the military retook key Amhara towns by force. The airstrike hit the center of the Finote Selam community on Sunday, said the health official, who like other people spoke on condition of anonymity for fear of retaliation.

economic development of women is being given a special focus in the country which strengthens her position in the family and the society. “I am happy to note that the economic empowerment of women is being given special focus in our country.

primary education: The ‘quantity’ aspect of school enrolment has largely been accomplished by the Right to Education. The Indian school system is among the world’s largest already, with 1.5 million schools, 9.5 million teachers and 265 million enrolled students. There is nearly 100% enrolment now in primary and upper primary levels compared to the eligible population.

Narendra Modi on Monday recalled the trauma and suffering at the time of India's partition in 1947, and paid tributes to those who lost their lives during that time on the occasion of the Partition Horrors Remembrance Day. "Partition Horrors Remembrance Day is an occasion to reverently remember those Indians whose lives were sacrificed in the partition of the country.

ANI, following heavy rains in Himachal, over two dozen people, including seven in Solan after a cloudburst, nine in Shimla temple collapse and seven in Mandi district, lost their lives and several are feared trapped. Himachal Pradesh chief minister Sukhvinder Singh Sukhu expressed condolences over the deaths in Solan district and directed authorities to ensure all possible assistance and support, the report said.

Narendra Modi is set to deliver his 10th consecutive Independence Day speech from the ramparts of Red Fort on Tuesday, on the occasion of 77th Independence Day of India. Since tomorrow’s Independence speech would also be his last before the Lok Sabha election 2024, there is much anticipation around the event where the prime minister is likely to showcase his government's achievements, introduce flagship initiatives, and articulate his vision for the nation. Just like his previous addresses, PM Narendra Modi may chart how India has progressed under his rule and share his vision for the years to come, while also emphasising on India’s rising global stature.

free trade, but are at a disadvantage in a new era of aggressive industrial policy. Industrialized nations such as the U.K. and Singapore lack the scale to compete against the biggest economic blocs in offering subsidies.