Country Financial News
10.08 / 07:11
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Hug, wink, and a flying kiss: Congress leader Rahul Gandhi steals the spotlight again in Parliament
no-confidence motion in the Lok Sabha, Congress leader Rahul Gandhi, once again finds himself in the midst of controversy, this time due to an unconventional gesture that has sparked a storm of opinions. While his fiery speech during the ongoing debate garnered significant attention, it was his departure from the House that became the focal point.
10.08 / 06:57
UPS
Provident
Target
Manufacturing
Mobile
country
Hindalco, Texmaco tie up for aluminium rail wagons
Hindalco Industries Limited has entered into a partnership with Texmaco Rail & Engineering Limited to develop and manufacture aluminium rail wagons and coaches. The companies will aim to build a world-class manufacturing facility in the country, Hindalco said in a statement on Thursday.
10.08 / 06:57
Provident
VISA
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Destinations
Weekend
independence day
Independence Day long weekend sets new trend for THESE tourist destinations
long Independence weekend is here: August 12 (Saturday), August 13 (Sunday), August 15 Independence Day (Tuesday), and August 16: Parsi New Year (Restricted Holiday) (Wednesday). You just need to take an off from your work on August 14, Monday, to explore different tourist places.
10.08 / 06:57
POT
country
independence day
Independence Day 2023: Curfew imposed around Red Fort, Rajghat in Delhi
Narendra Modi announced this campaign during his 'Mann Ki Baat' broadcast. An 'Amrit Kalash Yatra' will also be held.
10.08 / 06:53
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Progressive
SENSEX
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committee
Monetary Policy Committee decisions: Full view of what happened at RBI's August policy meeting
inflation as it believes that soaring vegetable prices, likely transient, could ease soon after monsoon rains subside. It raised the inflation forecast for the financial year to 5.4 percent, from 5.1 percent earlier, as vegetable prices could keep the headline numbers high even though core inflation may be reasonable.
10.08 / 06:17
UPS
Citi
FIVE
Southern
performer
country
Eye care industry at inflection point, boom in M&A activity likely
India’s eye care sector is likely to witness a boom in mergers and acquisition (M&A) activity as it hits an inflection point from where organized players looking to build a national footprint will try and disrupt a market which has traditionally been dominated by mom-and-pop shops, according to several eye care entrepreneurs and industry watchers ET spoke with. The M&A boom could witness the emergence of four or more large players who could collectively own over 2000 eye hospitals in the next five years with a national footprint. As much as half of their expansion could come through acquisitions, as per industry watchers.
10.08 / 06:17
Provident
Digital
Citizens
Landmark
Platform
country
social
India passes data protection legislation in Parliament. Critics fear privacy violation
Indian lawmakers have approved a data protection legislation that “seeks to better regulate big tech firms and penalize companies for data breaches” as several groups expressed concern over citizens’ privacy rights
10.08 / 06:17
UPS
Citi
Celebrity
country
cover
social
businesses
A year ago, an Iranian woman's death sparked hijab protests. Now businesses are a new battleground
Iranian authorities did little to enforce the law on women covering their hair but now the country's theocracy is pushing to make businesses the new battleground over the mandatory headscarf. The effort comes ahead of the first anniversary of nationwide protests that erupted after the Sept. 16 death of Mahsa Amini in the custody of the country's morality police.
10.08 / 06:11
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RBI MPC Meeting August 2023. Full text of RBI Governor Shaktikanta Das' address
repo rate is the rate of interest at which RBI lends to other banks. "As we celebrate India’s 77th Independence Day in a few days, I am happy to note that the Indian economy is exuding enhanced strength and stability despite the massive shocks to global economy in recent years. Our economy has continued to grow at a reasonable pace, becoming the fifth largest economy in the world and contributing around 15 per cent to global growth.
10.08 / 06:11
CEO
country
BGMI maker Krafton commits to investing $150 million in India, CEO says ‘believe in India’s potential'
Indian startups since 2021 and the current investment will take the company's total investment in the country to $290 million. Krafton has invested in companies like Kuku FM, Nodwin Gaming, Loco, Pratilipi and Lila Games.
10.08 / 05:33
COST
UPS
Provident
Booking
Action
country
Suzlon Energy shares jump 5% as firm launches Rs 2,000 crore QIP
Suzlon Energy shares jumped 5% to the day's high of Rs 20 in Thursday's early trade after the company's Board approved to launch qualified institutional placement (QIP) to raise up to Rs 2,000 crore. The QIP will be of Rs 1,500 crore, with an oversubscription option of Rs 500 crore. The issue opened on Wednesday.
10.08 / 05:33
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country
N. Korea's Kim dismisses military chief, calls for war preparations
North Korean leader Kim Jong Un has dismissed his top general and called for stepping up war preparations «in an offensive way», including boosting weapons production and conducting more drills, state media reported Thursday. With a cigarette in hand, Kim was shown talking to a room full of uniformed top generals, and pointing at maps, images in state media showed, while he discussed «major military actions» against South Korea at a meeting of the Central Military Commission. The Korean Central News Agency said the agenda of the meeting, which comes just days after Kim inspected key arms factories, was «the issue of making full war preparations» and ensuring «perfect military readiness for a war». The meeting comes as Seoul and Washington prepare for major joint drills later this month, which the North views as rehearsals for invasion and has repeatedly warned could trigger «overwhelming» action in response. At the meeting, Kim dismissed chief of the general staff Pak Su Il, replacing him with Vice Marshal Ri Yong Gil, KCNA said without giving further details.
10.08 / 05:29
UPS
country
RBI MPC meet: ‘Withdrawal of ₹2,000 note is temporary measure,’ says Governor Shaktikanta Das
RBI Governor Shaktikanta Das on Thursday's MPC meeting said that the withdrawal of the ₹2,000 note is a temporary measure. Once the complete withdrawal of ₹2,000 denomination from the country, there will be "adequate liquidity" in the system.
10.08 / 05:29
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2024
'India's April-June 2024 GDP growth seen at 6.6%': RBI Governor Das
RBI) Governor Shaktikanta Das on Thursday said that India is contributing approximately 15% to global growth, leading to the country's strong macroeconomic fundamentals and growth. During the MPC meeting today, Das said that the GDP growth forecast for April-June 2024 is pegged at 6.6%. “GDP growth projection for FY23-24 retained at 6.5%.
10.08 / 05:03
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Fighting
country
RBI's MPC retains India's real GDP growth projection for FY24 at 6.5%
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday while announcing the MPC's decision to leave lending rates unchanged. The MPC has left its projections made in the June meeting unchanged.
10.08 / 05:03
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RBI raises inflation forecast for FY24 to 5.4%; Das vows to go beyond keeping an Arjuna's eye amid galloping food prices
The Reserve Bank of India has raised inflation aim to 5.4% from 5.1% forecast in June policy. The central bank today also held the benchmark rate steady for a third straight time at 6.5% and also retained stance by five-to-one vote to focus on withdrawal of accommodation. El Nino weather conditions and global food prices need to be watched closely and these developments warrant a heighetned vigil, RBI Governor and MPC Chair Shaktikanta Das said while announcing the policy decisions.
10.08 / 04:37
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China mandates all apps to share business details in new oversight push
The Ministry of Industry and Information Technology (MIIT) said late on Tuesday that apps without proper filings will be punished after the grace period that will end in March next year, a move that experts say would potentially restrict the number of apps and hit small developers hard. You Yunting, a lawyer with Shanghai-based DeBund Law Offices, said the order is effectively requiring approvals from the ministry.
10.08 / 04:37
COST
UPS
Fighting
track
country
World’s top food producers push back on deforestation rules
European Union rules that require proof that crops weren’t grown on deforested land, which producers say will add to the cost of making food. The latest example of the backlash comes from Brazil, the biggest global exporter of coffee and soybeans. Just this week, the nation’s agriculture minister, Carlos Fávaro, lashed out against the ban, casting doubt on whether it complies with the principles of the World Trade Organization. He added that Brazil is seeking to boost trade with others outside of the EU, including within the five-nation BRICS bloc that also includes Russia, India, China and South Africa. Brazil is already a steward of the environment, Fávaro said. “If Europe does not want to understand that, there are others that recognize what Brazil does,” he said. Complying with the new rules will involve implementing full traceability to complex production chains — a task that’s likely to be complicated and expensive. The requirement will apply to a wide range of products, from meat to palm oil, and that will add to agricultural costs at a time when food inflation is once again starting to pick up. Higher prices won’t just impact buyers in Europe. Since the market is so large, growers will likely need to adopt the new practices quite broadly. Consumers around the globe could end up footing the bill as producers pass on the new costs.
10.08 / 04:37
Citi
country
Deal
stake
Osaka Gas, Sumitomo near deal for Think Gas stake, sources say
Osaka Gas Co. and Sumitomo Corp.
10.08 / 04:37
COST
UPS
Waves
Extreme
Corning
country
Soaring rice prices stretch budgets for billions in Asia, Africa
rice prices to the highest level in almost 15 years is renewing fears that food costs are going to get a lot more expensive for the world’s poorest people. The grain is vital to the diets of billions in Asia and Africa. Rice contributes as much as 60% of total calorie intake for people in parts of Southeast Asia and Africa, and that rises to 70% in countries like Bangladesh.
10.08 / 04:03
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SEC
Manufacturing
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exclusive
prevention
Indian
Indian Army secures patent for AI-driven accident prevention system, ‘alerts drivers from falling asleep’
Also read: The Other A.I.: Artificial Intimacy With Your Chatbot Friend Kuldeep Yadav has been credited as the inventor of this AI-driven accident prevention system. The patent application was officially filed on February 2, 2021, and the patent certificate, as shared by the Indian Army, indicates that it will remain valid for a duration of 20 years. The patent was officially granted on July 11.
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