Country Financial News

By Ismail Shakil and David Ljunggren

economic advisory council to the Prime Minister, Sanjeev Sanyal said Tuesday, two days before the Reserve Bank of India's August monetary policy announcement. The six-member monetary policy committee of the central bank began its meeting Tuesday. The committee members are expected to focus this time more on tomato and green chilli prices, which surged last month, leading to a rise in consumer price index (CPI) for the first time in five months.

A look at the day ahead in U.S. and global markets by Alun John.

By Bansari Mayur Kamdar and Johann M Cherian

By Nandita Bose

“Alberta is calling,” read the ads plastered across Toronto’s transit system.“Find things you’d never expect,” they coax, “like an affordable house.”The advertisements, a blunt recruitment initiative from the Alberta government launched last fall, tout ample job opportunities alongside comparisons of housing prices between Toronto and Calgary.For the family of Suzi Hansen and Tyler Brown, Alberta’s advertising campaign seems to have worked.After years of being unable to break into the housing market while renting a townhome in Oakville, Ont., Hansen says she floated the idea of moving to Alberta to her husband. She says Brown was initially hesitant, but the siren song of an “Alberta is calling” radio ad playing on the drive into work as an industrial mechanic pushed him to think twice about the idea.“Their ad campaign really, really sold it for him,” Hansen recalled in an interview with Global News as she packed up their Oakville home.The family, with three kids aged 15, 12 and two, was preparing for a cross-country U-Haul trek to a small Alberta hamlet a couple hours west of Edmonton where they were immediately able to buy a detached house.The decision was familiar territory for Hansen, who originally came to Canada from Los Angeles because of unaffordable housing prices in California.

New Delhi: With an aim to deepen bilateral trade and economic ties, India and Vietnam on Tuesday convened the 5th meeting of the India-Vietnam Joint Trade Sub-Commission (JTSC) , the ministry of commerce & industry said. This meeting was held after a gap of more than four years on account of the covid-19 pandemic and other factors.

Tata Realty and Infrastructure Ltd (TRIL), the real estate development arm of Tata Group, has acquired a land parcel spread over 25.3 acres in Doddanekundi near Whitefield locality in Bengaluru for over Rs 986 crore. The company has bought the land parcel from Graphite India through its wholly owned subsidiaries TRIL Bengaluru Real Estate Five Ltd and TRIL Bengaluru Real Estate Six Ltd.

₹13,000 crore. The two projects will have a combined capacity of 2800 megawatt and help the state achieve its goal of becoming a $1 trillion economy by 2028. The two plants will be situated in Shirvata, Pune (1800 MW) and Bhivpuri, Raigad (1000 MW) and will generate employment for over 6,000 people.

Shortly after the invasion of Ukraine, Bacardi said it had paused exports to Russia. Since then, the liquor company has sent millions of dollars of products to the country and has been advertising for new employees. Continuing to bring in brands such as Grey Goose vodka, Martini vermouth and its namesake Bacardi rum helped the family-owned company report a rise in sales and profit in Russia for last year at the same time many of the world’s biggest booze brands have beaten a costly retreat from the country.

Bonds gained along with the dollar on Tuesday, while stocks fell as fresh concerns around China’s economic recovery and the state of US banks sent investors scurrying for havens.

Congress leader Rahul Gandhi has been re-allotted the 12, Tughlaq Lane bungalow a day after his disqualification as Lok Sabha member was restored following a directive of the Supreme Court, officials said on Tuesday. The House Committee of the Lok Sabha has decided to allot the same bungalow he was asked to vacate after Gandhi was disqualified as member of the lower house on March 24 as a result of his conviction and a two-year jail term awarded to him for the 'Modi surname' remarks.

Motilal Oswal Asset Management Company (MOAMC) revealed that passive funds have gained market share from 1.4% of AUM in 2015 to over 17% today. MOAMC offers the widest range of passive funds in India with more than Rs 17,000 Crs in AUM across 30 Index Funds, ETFs, and FoFs. The survey conducted with more than 2,000 investors participating from across the country, shares insights on the usage and attitude of investors towards passive funds in India. The study also throws light on investors’ preference for SIPs over lumpsum investing, an affinity for index funds, and reliance on social media over news outlets in their investment decision-making, the fund house said. Key Highlights:

Opposition as all of them "traitors". Nothing less than an apology from him on the floor of the House, when it is in order, will do," Jairam Ramesh said in a report. In another tweet Jairam Ramesh explained why the INDIA parties walked out of the Rajya Sabha on Tuesday.

Drugs worth more than Rs 1,610 crore have been seized by the Assam Rifles between July 2022 and July this year in Manipur, according to data provided by the paramilitary force. In the financial years 2021-22 and 2020-21, it seized drugs worth Rs 850 crore and Rs 1,200 crore, respectively. However, official sources said the Assam Rifles — a border guarding force — primary mandate or task is not drug law enforcement.

BRICS startup forum this year to facilitate collaboration and share best practices among investors, incubators and aspiring entrepreneurs, commerce and industry minister Piyush Goyal has said. BRICS is a grouping of Brazil, Russia, India, China and South Africa.

Agritech platform Arya.ag on Tuesday announced a strategic partnership with The Soybean Processors Association of India (SOPA) to enhance and streamline crop monitoring for soybeans across 51 districts. The collaboration will leverage Arya Ag's cutting-edge satellite surveillance product, Prakshep, and its Artificial Intelligence «VaMa» powered by multiple data sources.

ultra-processed foods (UPFs). In his new book, “Ultra-Processed People", Chris van Tulleken, a doctor and television presenter, argues that UPFs dominate the food supply in rich countries, and are also creeping into diets in low- and middle-income countries. As they proliferate, so do concerns about their effects on human health.

New Delhi: The World Health Organization (WHO) has raised an alert over a batch of contaminated cough syrup found in Iraq and manufactured by an Indian drug company. This is the latest in the series of such warnings about substandard medicines from India. The cough syrup, manufactured by Fourrts (India) Laboratories Pvt Ltd and branded COLD OUT, was found to contain unacceptable amounts of contaminants diethylene glycol (0.25%) and ethylene glycol (2.1%).

New Delhi: India is all set to initiate the BRICS Startup Forum in 2023 with the objective of promoting collaboration and knowledge sharing among startups, investors, incubators, and emerging entrepreneurs, said commerce and industry minister Piyush Goyal, during the virtual “7th BRICS Industry Ministers’ meeting," hosted by South Africa as the Chair. The minister while highlighting the transformation that has taken place in India, also commented on the expanding Startup India initiative that has led to the creation of nearly 100,000 startups in the country.

Two major Japanese investors have struck a $US500 million ($763 million) deal to buy into Woodside Energy’s $16.5 billion Scarborough LNG project in Western Australia, shrugging off warnings from green groups about the environmental and commercial risks involved with the project.