Country Financial News

09.08 / 16:43
UPS Manufacturing Action Mobile country The global impact of policy calls may affect our rupee ambitions
forex reserves. Today, the US has a debt-to-GDP ratio of around 130%, Japan 260%, UK nearly 100% and the eurozone 90%. The ratio for India is around 90%.
09.08 / 16:43
Digital performer country NBF writes to I&B minister against a group of broadcasters seeking to suspend news genre ratings
MUMBAI : The News Broadcasters Federation (NBF), a lobby group of national and regional news broadcasters that collectively represents over 300 TV news channels, has addressed a letter to Anurag Thakur, the Minister of Information & Broadcasting, highlighting its members’ apprehensions regarding the suspension of weekly ratings for the news genre. The letter, a copy of which was accessed by Mint, alleges that a group of broadcasters is making attempts to get the news channels’ ratings suspended.
09.08 / 16:43
UPS FIVE Career Gap stage country Gender sensitivity works in favour of economic growth
Gender inequality is a global reality. In 2020, women represented only 38.8% of all participants in the labour force (World Bank). One reason is sexual harassment at the workplace, to which “young, financially independent and single women are the most vulnerable" (ILO).
09.08 / 16:17
Provident Waves Fighting performer country Amit Shah takes veiled dig at Rahul Gandhi, says ‘a leader launched 13 times in politics, but…’
Rahul Gandhi and said that Wayanad MP has been “launched" 13 times but has failed every single time.Amit Shah was speaking in the Lok Sabha during the debate on a no-confidence motion against his government which was moved by Congress MP Gaurav Gogoi earlier. “There is one member in this House who has been launched 13 times in politics. This member failed all 13 times.
09.08 / 15:53
Waves Reuters Waters country 41 migrants die, 4 survive in shipwreck in central Mediterranean: Report
Reuters citing Italian authorities on Wednesday. According to the report, 4 survivors of the accident were taken to the island of Lampedusa. The boat was reportedly carrying 45 people.
09.08 / 15:53
UPS show country Brent crude hits highest price since April as tighter supply offsets China demand concern
Top exporter Saudi Arabia last week extended its voluntary production cut of 1 million barrels per day for another month to include September, and Russia said it would cut oil exports by 300,000 bpd in September. «The latest recovery is mainly driven by the pledge of major producers, like Saudi Arabia and Russia, to keep supply subdued for another month,» said Charalampos Pissouros, senior investment analyst at broker XM. Brent crude was up $1.00, or 1.2%, at $87.17 by 1110 GMT, having touched $87.24, the highest price since April 13.
09.08 / 15:41
UPS Manufacturing country cover Government should propose to GST Council to cut tax rates on fertilisers from current 5 per cent: Parliamentary panel
Parliamentary panel has recommended that the government should propose to the GST Council to reduce tax rates on fertilisers from the current 5 per cent. In its report laid in Parliament on Wednesday, Standing Committee on Chemicals and Fertilizers said the committee have been informed that fertilisers were placed under the 12 per cent GST bracket. However, on demand of various states, GST on fertilisers was reduced to 5 per cent.
09.08 / 15:41
UPS FIVE Fighting Assurant country Pakistan court refuses instant relief to Imran Khan; rejects his request to suspend sentence
Pakistan's jailed former prime minister Imran Khan's bid to get his conviction suspended in a corruption case did not succeed on Wednesday as the Islamabad High Court adjourned the hearing but assured him that his case would be decided in four to five days. Khan, 70, was sentenced to three years in prison by an Islamabad trial court on Saturday in the Toshakhana corruption case in which he is accused of profiting from selling expensive state gifts when he was in power.
09.08 / 15:41
COST UPS Provident Booking country Suzlon Energy board approves QIP to raise up to Rs 2,000 crore
Suzlon Energy has approved launching qualified institutional placement 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 securities issue committee of the Board has decided to undertake qualified institutions placement of equity shares to an extent of up to Rs 1,500 crore, with an option to retain oversubscription of up to Rs 500 crore,» the company said in a filing.
09.08 / 15:41
Cooper Career Celebrity show country In farewell speech, PM Sharif accuses Imran Khan's govt of damaging Pakistan's ties with friendly countries
Shehbaz Sharif said on Wednesday that his government had to bear the burden of the past regime's negligence and failures during its 16-month rule as he accused Imran Khan's government of badly damaging Pakistan's relations with friendly countries. The prime minister, who led a 13-party coalition, a first in the government, termed his 16-month-long tenure as the «most difficult test of my life».
09.08 / 15:25
COST Provident CEO Action country Warning NOT WeWork India says not impacted by US-based WeWork Global's bankruptcy warning
WeWork India on Wednesday said its business will have no impact from the development in US-based WeWork Global, which has said «substantial doubt» exists about the company's ability to continue as a going concern. In WeWork India, Bengaluru-based real estate firm Embassy Group hold a 73% stake, while WeWork Global has a 27% shareholding. In June 2021, WeWork Global, which is a leading provider of flexible workspace, invested $100 million (about Rs 750 crore) in WeWork India.
09.08 / 15:25
Waters country rock Rice prices soar to highest levels in almost 15 years in Asia
Rice prices soared to the highest levels in almost 15 years in Asia on mounting concerns over global supplies as dry weather threatens production in Thailand and after top shipper India banned some exports, media reports said. Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008, according to data from the Thai Rice Exporters Association, Bloomberg reported.
09.08 / 15:25
CEO PepsiCo country Sula Vineyards Q1 Results: Net profit rises 24% YoY to Rs13.7 crore
Sula Vineyards Limited, India’s largest wine producer, posted a 24.4% increase in net profit on sales which grew 21.6% during the June quarter. Net sales rose to Rs 118 crore compared to Rs 97 crore a year ago while net profit was Rs13.7 crore. A year ago, it had a profit of Rs 11 crore.
09.08 / 15:21
Provident Aware Platform country The Disparity in Retail CFD Trading Legality: US vs UK
1. Leverage Limits: The FCA has imposed restrictions on leverage available to retail traders, capping maximum leverage at 30:1 for major currency pairs and lower for other asset classes. These limits are designed to reduce the risk of significant losses for retail investors.
09.08 / 14:39
UPS show country After tomato, onion prices likely to rise in coming days. Here's why
₹60-70 per kg in September due to tightened supplies, a report said. "The supply-demand imbalance is expected to reflect in onion prices towards end-August. As per our ground interactions, prices are expected to show significant increase from early September in the retail market, reaching up to ₹60-70 per kg during the lean patch.
09.08 / 14:11
UPS FIVE McDonald’s Southern country Deal Australian Wendy’s cooks up deal with Flynn for 200 Australian stores
Washington | American fast-food chain Wendy’s has inked a deal with the world’s largest food franchisee and the new owner of Pizza Hut in Australia, Flynn Restaurant Group, to build 200 local Wendy’s stores starting in two years’ time.
09.08 / 14:11
UPS Provident PayDay show track country play Pemba Capital hangs up for-sale sign at insurance play Arteva Funding
Pemba Capital is seeking its payday at its insurance premium funding business, Arteva Funding, which it bought just over two years ago.
09.08 / 14:07
UPS show country Amit Shah says no-confidence motion 'politically motivated, brought only to create delusion'
Speaking in the discussion on the no-confidence motion against the government, Home Minister Amit Shah Wednesday said the Opposition move is “politically motivated" and is brought only to create a “delusion". He also questioned the character of the Opposition alliance, saying its true face was seen when it indulged in corruption to save its governments. “The Prime Minister has given new hope to the poor of this country.
09.08 / 13:57
Parke country Renewables Hinduja Renewables bags 80 MW project in Madhya Pradesh
Hinduja Renewables on Wednesday said it has bagged an 80 MW tender in the world's largest floating solar park along the banks of Narmada at Omkareshwar in Madhya Pradesh. «Hinduja Renewables was declared the successful bidder for Unit C in the Phase II of the project at a tariff of Rs 3.89/kWh yesterday (8th August 2023) by Rewa Ultra Mega Solar Limited (RUMSL), the solar park developer and the tendering authority for this project.

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