Country Financial News

Nuh were arrested after a brief encounter in which one of the accused was shot in the leg, police said on Thursday. The police encounter occurred late night on Wednesday near the hill of Sakho village in Tauru area of Nuh district, they said. The duo who were trying to flee on a bike fell down after one of them was shot in the leg, police said.

Poland's defense minister said on Thursday that the country intends to put 10,000 soldiers along its border with Belarus. The statement comes as Warsaw worries about the presence of Russian-linked mercenaries in Belarus and migrants trying to cross the border. Meanwhile, the Polish military announced that it was carrying out a search in the area near the border with Belarus for fuse lost from a missile, but said it poses no threat because “the detonator has built-in protections.” It said the fuse was lost during «intensive activities using specialized equipment to ensure security.” “On Tuesday, after the end of combat flights, one of the helicopters carrying out a patrol in the border area was found to have no fuse in one of the missiles.

Yandex, Arkady Volozh, on Thursday condemned what he described as Russia's «barbaric» invasion of Ukraine, days after criticism in Russia over his apparent efforts to distance himself from the country. Volozh described himself as a «Kazakhstan-born, Israeli tech entrepreneur» on a personal website, drawing some criticism in Russian media and on the Telegram messaging platform for apparently playing down his links to Russia. He has also been criticised by those opposed to Russia's actions for not speaking out more forcefully against the war.

Mahua Moitra on Thursday took potshots at the government over the ethnic violence in Manipur. Moitra said that the no-confidence motion is to break the code of silence on Manipur. «We are here to ask the question in our 'tum abhi chup raho' republic where the PM tells a Governor 'chup raho'.

RBI) Thursday announced a slew of measures to further propel the growth of UPI- based payments including the launch of conversational payments on UPI, allowing Near Field Communication (NFC) technology to facilitate offline transactions and enhancing limits on small-value payments. «As Artificial Intelligence (AI) is becoming increasingly integrated into the digital economy, conversational instructions hold immense potential in enhancing ease of use, and consequently reach, of the UPI system,» RBI Governor, Shaktikanata Das said in his post monetary policy statement.

Joe Biden's move to prohibit some US technology investments in China is expected to keep investors on the sidelines, concerned that tougher measures are ahead as tensions simmer between the world's two biggest economies. US private equity and venture capital investors have already hit the brakes on sensitive technologies in China as relations have worsened since the administration of Biden's predecessor, Donald Trump, over issues from tech to China's industrial policies to national security.

Joe Biden to prohibit some tech investments in China, adding it was continuing to assess potential national security risks. Biden signed an executive order on Wednesday that authorizes the US Treasury secretary to prohibit or restrict US investments in Chinese entities in three sectors: semiconductors and microelectronics, quantum information technologies and certain artificial intelligence systems.

American streaming platform Netflix will premiere Malayalam film Padmini starting 11 August. The film features Kunchacko Boban, Madonna Sebastian, Aparna Balamurali, and Vincy Aloshious in lead roles. Video streaming platforms are likely to offer 50-60% of the budgets to southern language content, with these programmes seeing much traction, accounting for 30% of OTT viewership, said industry experts.

AIMIM MP Asaduddin Owaisi on Thursday while taking part in the no-confidence motion took a dig at Home Minister Amit Shah's remark in Lok Sabja which he gave on Wednesday AIMIM MP Asaduddin Owaisi, said “Our Home Minister was talking about 'Quit India' yesterday. I wonder if he gets to know that the word 'Quit India' was coined by a Muslim, he will not use this word.

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Nirmala Sitharaman spoke about the steps taken by the central government to combat the rise in prices of tomatoes in the country. The Union Minister informed in Lok Sabha that the tomatoes will be sold at a price of ₹70 by the National Cooperative Consumers' Federation of India Limited (NCCF) in the Delhi-NCR region.

«Because of the fact that we offer multiple products to our customers, our customers are largely people who are the common man of the country, people in the middle income or low middle income segment of the country,» says Rishi Gupta, Fino Payments Bank.This entire payment bank experiment of the system, you have really done a great job. Many could not. And now I was just comparing, the way you have turned this quarter, you are on route to almost Rs 80 crore of profit for the full year versus say Rs 65 crore, roughly, give or take 5% last year. We all are reading about your plans of moving into a transition, into a small finance bank. When it does actually happen, how does the profitability outlook change or improve? What meaningful change actually happens then for you? From a Fino Payments Bank point of view, we have been doing this business for the last 17 years.

The “persistently high profitability” of Australia’s banks operating in New Zealand will be under increased scrutiny after the country’s competition regulator drew attention to the issue as it prepares for a major inquiry.

China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism industries. The decision was announced by China's culture and tourism ministry on Thursday, effective immediately. Prior to the pandemic, mainland Chinese tourists spent more than any other country's tourists when abroad, clocking up a combined $255 billion in 2019 with group tours estimated to account for roughly 60% of that.

6.40 per cent in July on surging food prices, breaching the upper end of the Reserve Bank of India's 2 per cent-6 per cent tolerance band for the first time in five months. Even though CPI inflation rose higher than Street estimates at 4.81 per cent in June, it was still below the central bank's upper tolerance band of 6 per cent for the fourth straight month. Broadly, India's inflation trajectory is expected to be benign, but highly vulnerable to changes in food prices, DSP Mutual Fund in its August edition of Netra report.

RBI MPC Meeting: Growth resilient but inflation remains a risk; key takeaways from RBI policy decision RBI is concerned due to uneven monsoon in some parts of the country which has contributed to an increase in vegetable prices. The central bank expects that headline inflation will increase in the next couple of months. That is why the RBI raised the CPI (consumer price index) inflation, also known as retail inflation, targets to 5.4 per cent for FY24 versus an earlier projection of 5.1 per cent.

PwC Australia spin-off Scyne Advisory has replaced the embattled big four firm as a pre-vetted supplier of cloud computing services for the Commonwealth, and its consultants have won new work from a federal and Victorian departments.

Insurers are the unlikely stars of this profit season, prized by investors for their ability to push higher premiums on to policyholders, after years in the equity market wilderness.

Also read: Blockbuster ‘Barbie’ becomes first-ever woman directed movie to cross $1 billion in ticket sales worldwide Mortada's action claims that the film encourages "homosexuality and sexual transformation" and contradicts the principles of faith and morality by diminishing the significance of the family unit. Consequently, Interior Minister Bassam Mawlawi has requested General Security's censorship committee, responsible for censorship decisions and under the interior ministry, to assess the film and provide a recommendation.

Payments firm Network International Holdings posted higher half-year revenue and profit on Thursday, buoyed by steady merchant wins and growth in its outsourced payments services business. Network International's home market the United Arab Emirates has clocked strong growth where consumer spending is high due to the region's robust tourism.

Puma India has on-boarded budding actor Shanaya Kapoor as its new brand ambassador to deepen its connect with Gen Z consumers in the country. Shanaya will front PUMA’s athleisure and performance wear, taking the sports brand a step closer to its next generation of shoppers and boosting its commitment towards connecting with youth culture. “I have always been a daredevil.