Country Financial News
08.08 / 18:59
UPS
Target
Remark
Injustice
performer
country
Opposition focuses on Manipur; Treasury on government performance and viability of INDIA grouping
Lok Sabha debate on the no-confidence motion against the government started on Tuesday with the Opposition speakers trying to focus their discourse mostly on the Manipur issue while the ruling side used the debate to showcase the performance of the Modi government and to question the viability of the Opposition INDIA grouping. As soon as Gaurav Gogoi (Congress) stood up to speak, parliamentary affairs minister Pralhad Joshi asked why Rahul Gandhi was not starting the debate despite communicating so to the Speaker's office. Gogoi asked how ministers knew and publicised what was happening in the Speaker's office.
08.08 / 18:29
Provident
country
WTO
India, US mutually resolve 2 trade disputes: WTO
World Trade Organization (WTO) on Tuesday said that two separate dispute settlement panels have stated that India and the US have mutually resolved disputes with regard to certain measures on steel and aluminium products, and additional duties on certain products from the US. On July 13, the two countries notified that they had reached a mutually agreed solution to the matters raised in the two disputes.
08.08 / 18:21
BURST
country
controversy
'Bada bada controversy hota hai': Rohit Sharma skips question on Pakistan
ALSO READ: Pakistan cricket team confirms visit to India for ICC World Cup 2023 The Indian skipper issued a cheeky response while replying to the question ahead of the Indo-Pak clash in the upcoming Asia Cup and World Cup. “Pakistan team mein sab ache hai. Mai kisi ka naam nahi loonga.
08.08 / 18:21
UPS
BLOCK
country
India seeks bigger role in Indo-Pacific as China continues on aggressive path
maritime space and eyeing the same India is focusing on a larger role in Indo-Pacific. The recent developments in the region are hinting that India is seeking a big-brother role in the Indo-Pacific region, especially for countries affected by China's expansionist policies.
08.08 / 18:21
Citi
Art
DISH
country
cover
Deal
Zee Learn reaches deal with JC Flowers ARC
MUMBAI : Subhash Chandra’s Essel Group-owned Zee Learn Ltd on Tuesday confirmed signing a settlement agreement with JC Flowers Asset Restructuring Co. (ARC). Zee Learn is among Essel Group companies with a total exposure of ₹6,500 crore with JC Flowers ARC, which Chandra has been trying to settle.
08.08 / 18:21
COST
UPS
Manufacturing
Continental
Intel
country
TSMC
Taiwan’s TSMC to Build First European Chip Plant in Germany
Taiwan Semiconductor Manufacturing Co. will build its first European chip factory with support from the German government, the latest move to make the continent less dependent on high-tech imports out of Asia. TSMC said it had approved a $3.8 billion investment in the factory in Germany, with total investments in the plant expected to exceed 10 billion euros, equivalent to $11 billion, including government support.
08.08 / 18:21
UPS
Provident
Aware
Racing
country
500
Carlyle
Carlyle to buy 30% of Quest Global for $500 mn
MUMBAI : Private equity (PE) giant Carlyle has agreed to acquire a significant minority stake in engineering services firm Quest Global, the two companies said on Tuesday. Simultaneously, Carlyle and Quest will together buy back all shares from the company’s existing investors, Bain Capital LP, Advent International LP, and GIC Re and extinguish them. Alongside, founder Ajit Prabhu will bring in additional funds to increase his stake.
08.08 / 15:23
UPS
country
rock
House panel suggests government to construct small caverns for crude storage
₹508 crore for construction of ISPRL Phase-II projects at Chandikhol (Odisha) and Padur (Karnataka) using underground unlined rock caverns storage technology in PPP mode. ISPRL, or Indian Strategic Petroleum Reserves Limited, is a special purpose vehicle owned by the Oil Industry Development Board (OIDB) under the ministry of petroleum & natural gas. Besides, a provision of ₹202.81 crore has been made for payment to ISPRL regarding O&M expenditure for Mangalore (Padur) and Visakhapatnam projects.
08.08 / 15:17
COST
UPS
Target
CEO
country
Stellantis
Deal
end
Italy seeks deal by end of year with Stellantis on car industry plan
MILAN (Reuters) -The Italian government aims to agree a broad plan to 2030 for the country's automotive industry with carmaker Stellantis and other groups involved by the end of this year, industry ministry sources said on Tuesday.
08.08 / 15:17
Target
Action
Parke
Eagle
ConocoPhillips
country
cover
Biden to protect vast sacred lands near Grand Canyon
By Nandita Bose and Trevor Hunnicutt
08.08 / 15:17
Lowe's
show
track
country
US dollar gains broadly as risk sentiment turns sour after poor Chinese data
By Gertrude Chavez-Dreyfuss and Samuel Indyk
08.08 / 15:03
country
Delhi Assembly to be convened on August 16
Delhi Assembly has been convened on August 16, amid the raging row over the parliamentary nod to a bill that gives the Centre control over bureaucracy in the national capital. «I have the honour to inform you that under Rule-17(2) of the Rules of Procedure and Conduct of Business in the Legislative Assembly of National Capital Territory of Delhi, the Hon'ble Speaker has directed to re-convene the Fourth Session of Seventh Legislative Assembly of NCT of Delhi,» the summon issued by Assembly Secretary said.
08.08 / 14:53
08.08 / 14:47
Celebrity
country
With 82% Hindu population, why debating if India is ‘Hindu Rashtra’: Kamal Nath on Bageshwar Dham
Hindus...when there are Hindus in such high percentage in a country, then is there even a need to say or is it even a matter of debate that it is 'Hindu rashtra'?" Kamal Nath said as per news agency ANI. The development marks some transformation in the politics of Kamal Nath who lost his power in March 2020 after a rebellion by powerful Congress leader Jyotiraditya Scindia who joined the Bhartiya Janata Party (BJP) with a number of MLAs, resulting in the fall of government. Kamal Nath has changed his politics since losing power in Madhya Pradesh.
08.08 / 14:07
Citi
Provident
Target
VISA
Career
country
Indian
France to offer 5-year Schengen visa for Indian alumni under new education programme
France on Tuesday said its goal to welcome 30,000 students from India by 2030 is aimed at fostering academic excellence, boosting cultural links and enhancing long-lasting friendship between the two nations. Under the new programme, France plans to offer a five-year Schengen circulation visa for Indian alumni.
08.08 / 13:49
UPS
Digital
Progressive
Mobile
track
country
cover
Govt reviews preparations for G20 summit
leadership of P K Mishra, principal secretary to the prime minister. The meeting delved into various facets of the forthcoming G20 Summit, encompassing both substantive and logistical aspects. The 18th Heads of State and Government Summit of the G20 will take place in September 2023 in the national capital.
08.08 / 13:49
Provident
Fighting
Assurant
country
services
Rajya Sabha passes inter-services organisations bill
New Delhi: The Rajya Sabha on Tuesday passed the Inter-Services Organisation (Command, Control & Discipline) Bill, 2023, that seeks to provide commanders-in-chief and officers-in command of Inter-Services Organisations (ISOs) with disciplinary and administrative power over personnel from other forces serving in such establishments. The Bill was passed by the Lok Sabha on 4 August amid a renewed push for theaterisation for the best use of the military’s resources to fight future wars.
08.08 / 13:49
COST
Provident
country
First trial shipment of fresh pomegranate exported to US: Commerce ministry
New Delhi: In a major boost to India’s fruit exports prospects, the commerce ministry on Tuesday said the first trial shipment of fresh pomegranate has been sent to the US through airways. The shipment was facilitated by the Agricultural and Processed Food Products Export Development Authority (APEDA). APEDA chairman Abhishek Dev said that the increase in pomegranate exports to the US would result in higher price realisation and increase in farmers‘ income.
08.08 / 13:49
UPS
Provident
Target
show
country
Explainer
Mint Explainer: LPG price trend, impact on consumers and steps to curb the rise
gas prices after the Ukraine war. However, since the majority of Indian population relies on LPG, it comprises a major part of a household budget making it a politically sensitive commodity. As a result, the price rise of a 14-kg LPG cylinder has not seen an increase in line with global prices.
08.08 / 13:45
COST
Digital
Progressive
Manufacturing
CEO
country
Exide Industries expects to regain pre-covid margin in 1-2 years
Exide Industries Ltd on Tuesday said it expects to regain its pre-covid EBITDA margin of 13-14 per cent in the next one to two years. The company's current EBITDA margin is 10.6 per cent, as input costs have remained erratic. «We are seeing a revamp in demand after Covid and expecting both automotive and industrial verticals will do well.
08.08 / 13:45
CEO
Honda
country
HMSI launches new bike SP160 at Rs 1.17 lakh
Honda Motorcycle & Scooter India (HMSI) on Tuesday said it has launched the all-new bike SP160 in the country with price starting at Rs 1.17 lakh (ex-showroom). The 160cc-bike comes in two trims tagged at Rs 1.17 lakh and Rs 1.21 lakh respectively.
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