Country Financial News

Eris', the new Covid-19 sub-variant which has sparked concern in the UK, has been detected in India, people in the know told ET. However, no «clustering» and increase in cases has been reported, they said. Indian SARS-CoV-2 Genomics Consortium (Insacog), the pan-India network of laboratories set up to monitor genomic variations of the coronavirus, held a review meeting last week amid a surge in Covid-19 infections in the UK due to the new variant, also known as EG.5.1.

severe weather conditions in Western North Carolina. A tornado watch has been issued until 7 p.m. for several counties in the region, including Avery, Buncombe, Cherokee, Clay, Graham, Haywood, Jackson, Macon, Madison, Mitchell, Swain, and Yancey. The main concerns are strong winds and hail, with the possibility of isolated tornadoes. These conditions are expected to occur as a cold front moves into the area around 4 p.m. and continues until 7 or 8 p.m. Tuesday is forecasted to be the most pleasant day of the week, providing relief for students in Greenville County as they begin their new school year. However, before that, Monday afternoon and evening may bring strong to severe storms to the region. Damaging winds are the primary concern, with gusts reaching up to 60 mph or even higher. There may also be isolated areas of hail, and a brief tornado is not entirely ruled out. The system is expected to pass quickly, accompanied by heavy rain and lightning. By around 8 p.m., most, if not all, of the rain should have cleared out of the area, with just a few lingering downpours. The following day, Tuesday, is expected to offer dry skies, lower humidity, and pleasant weather for kids starting their first day of school. As the week progresses, more unsettled weather may return, so it's essential to stay updated on the latest forecasts and be prepared for any changes in conditions.

India's refiners exported nearly 10% less diesel and petrol in 2022-23 than in the previous year although they gained in value terms, making 26% more in dollar and 35% more in rupee terms, helped by high global prices and a depreciated rupee. It came amid reports last year that the country's refiners were doubling down on exports to serve Europe, which was shunning Russian fuel. Diesel and petrol exports combined amounted to $42 billion (about ₹3,33,620 crore) in 2022-23, securing higher profits to fuel exporters, mainly private sector refiners, and foreign exchange benefits to the country, according to the petroleum and natural gas ministry data.

rice exports to control domestic prices, traders are worried another food staple could be vulnerable: sugar. The world has become increasingly dependent on sugar exports from the South Asian nation as global supplies tighten. Uneven rainfall across India's agricultural belts has stoked concern that sugar production will fall short, potentially dropping for a second straight year in the season starting October.

UPI alone recorded 9.3 billion transactions worth ₹14.6 trillion in June 2023. However, the internet penetration lags the world average (63%), World Bank data shows. , Meanwhile, India has found an able ally in internet shutdowns to control law and order in times of unrest.

₹255 crore in FY23 against a net profit of ₹27.8 crore a year earlier, according to its filings with the Registrar of Companies. The growth was driven by a cost efficiency drive, including strategic pricing adjustments to mitigate the impact of high inflation, it added. The company, which sells Lay’s chips, as well as Mirinda and Tropicana brands of beverages, said its FY23 earnings grew by 28.5% to ₹8,128 crore on the back of higher sales of both food and beverages.

tomato prices has been driven by a raft of factors, including crop seasonality and heavy monsoon downpours, and the government has taken a series of steps to address inflationary pressure in essential commodities, finance minister Nirmala Sitharaman told Parliament on Monday. White fly disease in Kolar district of Karnataka, heavy monsoon showers in parts of northern India and logistics disruptions in isolated areas in the wake of floods are also to be blamed for the sudden surge in tomato prices, the minister said in a reply to the Lok Sabha.

Purple Heart Day, a solemn commemoration honoring the valor and sacrifice of individuals wounded or fallen in the line of duty for their nation. This significant occasion carries profound historical origins and serves as a poignant testament to the altruism demonstrated by countless figures across time.

India starting January as it believes those may have originated from the mines operated by Alrosa of Russia, a country which is under US sanctions. Trade sources said the restrictions are expected to be announced in September.Vipul Shah, chairman of the Gem & Jewellery Export Promotion Council, said: «Discussions with G7 countries, the US, and our government are currently underway. Meanwhile, we are preparing ourselves to enter newer markets.

Board of Control for Cricket in India (BCCI) has dropped the base price of title sponsor rights for international cricket matches played in the country to Rs 2.4 crore per match from Rs 3.8 crore per match that MasterCard and Paytm had paid in the last cycle. The overall base price for the three-year title sponsor rights works out to Rs 134.4 crore. The three-year title sponsor rights will kick off in September this year and end in August 2026.

Apraava Energy has signed memorandums of understanding (MoUs) with state-owned REC and Power Finance Corporation (PFC) to secure financing of Rs 9,120 crore for funding its wind, transmission and advanced metering projects in the country. Apraava Energy is jointly owned by the CLP Group, one of the largest investor-owned power businesses in Asia, and Caisse de depot et placement du Quebec (CDPQ), a global investment group.

genetically modified crops. The U.S. is the world’s top exporter of food, excluding fish, according to the Food and Agriculture Organization of the United Nations, shipping out close to $200 billion in agricultural exports in 2022, according to the Agriculture Department.

Nile Delta to floodgates that protect Venice, projects to keep the sea from swallowing the land are multiplying. Some scientists are beginning to consider ideas once dismissed as crackpot, such as damming the Strait of Gibraltar to keep sea levels in check. Much of the Mediterranean region has been in the grip of a fearsome heat wave in recent weeks, raising mortality rates and putting pressure on overstretched healthcare systems, with the elderly especially at risk.

₹8,480 crore. When it was inaugurated on 12 March, a lot of the social media chatter was about its scale and impact—it cut down travel time between the two cities to just 75 minutes, from over three hours earlier. A couple of months later, the buzz on social media changed course—those using the highway grew increasingly critical.

I am an NRI (non-resident Indian) living in the US for more than a decade. My mother died recently and I will inherit one of the immovable properties from her estate. Can I receive and hold immovable property in India, and if so, what are the tax implications on this? —Name withheld on request Under Fema (Foreign Exchange Management Act) regulations, an NRI can inherit immovable property situated in India from an Indian resident without the permission of the Reserve Bank of India.

NEW DELHI : Guyana will purchase two Dornier aircraft from India, said Capt. Gerald Gouveia, the South American nation’s National Security Adviser.The Dornier, built by Hindustan Aeronautics Ltd, suits Guyana’s needs for aircraft to improve connectivity, he said in an interview, adding Guyana is also interested in purchasing patrol vessels, a fleet of armoured vehicles and radar systems. Guyana and India will also step up personnel training to improve military-to-military contacts.

Shah on Monday said in Rajya Sabha that the bill to replace an ordinance for handling the transfers and postings of officials in the Delhi government has been brought to safeguard the rights of the people and not to usurp the power of the AAP government. Replying to a debate on the Government of National Capital Territory of Delhi (Amendment) Bill, 2023, Shah assured that the Upper House the objective of the bill was «only and only to provide efficient, corruption-free governance and popular government.» He also assured the members that there is not even a single provision that changes the status of the system prevailing since the Congress regime. Shah asserted that the bill is constitutionally valid and it does not violate the Supreme Court judgement from any angle.

Rahul Gandhi of the Congress party get a stay from the Supreme Court on his conviction by a lower court for his alleged defamation of people named Modi. In the US, Donald Trump faces a battery of charges that range from a conspiracy to defraud the US, obstruct an official proceeding and deny citizens their rights, all related to the storming of its Capitol on 6 January 2021, to the former president’s alleged theft of state secrets and misreporting of hush money paid to an adult film star as a business expense.

On Monday, the Lok Sabha voted to pass the new Digital Personal Data Protection Bill. Union minister Ashwini Vaishnaw had promised, when he withdrew the previous draft of the data protection law, that we would have a new law in force before the conclusion of India’s Monsoon Session of Parliament. Monday’s vote was the first step in that direction.

Amit Shah on Monday said in Rajya Sabha that the bill to replace an ordinance for handling the transfers and postings of officials in the Delhi government has been brought to safeguard the rights of the people and not to usurp the power of the AAP government. While introducing the Delhi Ordinance Bill in Rajya Sabha, Amit Shah attacked AAP and the Opposition INDIA bloc.

Lok Sabha Monday passed the Digital Personal Data Protection (DPDP) Bill by a voice vote amid some slogan-shouting by Opposition members seeking a debate on the Manipur issue. On Monday, the bill was presented for passing and consideration by Union Electronics and Information Technology Minister Ashwini Vaishnaw, who said that the DPDP will safeguard the digital personal data of 1.4 billion citizens. The passage of the bill in the lower house brings India on the penultimate step of the country finally having its own digital data privacy law.