Country Financial News
03.08 / 19:19
country
Deal
Splitting in office, big deal? No big deal
political leaders marry in office is when they split in office. After 18 years of being Mister and Missus, and the former having been seven-and-a-half years into Canadian prime ministership, Justin and Sophie Trudeau announced on Wednesday that they will be going their separate ways. On paper, nothing remotely odd about that.
03.08 / 19:17
COST
UPS
Provident
Waters
country
Pumped hydro is clean and green. It’s also hard and expensive
In 2017, when former Liberal prime minister Malcolm Turnbull announced the Snowy 2.0 pumped hydro project as an “electricity game-changer” for the power grid, many thought it would herald the start of a string of similar schemes across the country.
03.08 / 19:09
BLOCK
Binance
Software
WSJ
country
Inside
cryptocurrency trading
China Emerges as Binance's Key Market Despite Cryptocurrency Trading Ban
China has emerged as the biggest market for major crypto exchange Binance, despite a ban on crypto trading in the country.
03.08 / 18:57
03.08 / 18:45
Citi
Airlines
Strategy
show
country
events
‘Meetings, events, conference travel outpacing business travel’
₹3-5 lakh per person in some of the premium groups. “MICE travel has now become a year-round activity," Meera Charnalia, executive vice president and head of the category for the business told Mint.
03.08 / 18:45
UPS
FIVE
track
country
social
The new data protection bill: five takeaways
Does the bill protect our personal data? To an extent. Firms scraping data from social media can only take data that has been posted by the user themselves. If the data is posted by a third person, however, firms will need to obtain permission for scraping this data.
03.08 / 18:45
UPS
Digital
Citizens
Manufacturing
country
electronic
Make in India: Curbs on computer imports
₹17,000 crore production-linked incentive (PLI) scheme for IT hardware to attract makers of laptops, tablets, and other hardware to India. India has also taken several other steps to curb imports from China by introducing quality control orders (QCO). Electronics imports from China was at $27.6 billion in FY23.
03.08 / 18:45
UPS
Platform
Omni
Nestle
track
country
Consumers are now buying staples across multiple channels
New Delhi: Urban consumers are shopping for daily essentials across multiple channels including visiting their neighbouring stores and ordering shampoo and chips on quick commerce platforms helping the share of such “omni-channel" households double over the last two years, researcher Kantar said. The move is shift from several years ago, when consumers preferred one mode of shopping—with general trade dominating consumer preference. However, the market has since proliferated with online commerce making it convenient for consumers to buy daily staples.
03.08 / 18:21
UPS
Provident
Reuters
Remark
country
Oil recoups day-ago loss as Saudis talk up Sept cuts as expected
Investing.com — Down a day and up by as much the next: Oil’s yo-yo like behavior came after Saudi Arabia on Thursday announced as widely expected that it would extend its July-August production cut of one million barrels per day to next month as well.
03.08 / 18:21
03.08 / 18:17
03.08 / 18:01
COST
country
beautiful
Latin
ecommerce
WTO
Piyush Goyal cautions against 'game of dividing' by developed countries at WTO for favourable agreement on fisheries, ecommerce
World Trade Organization (WTO) early next year, commerce and industry minister Piyush Goyal cautioned emerging markets, developing countries and the least developed countries of the developed countries’ “game of dividing” them to get agreements on fisheries and e-commerce moratorium that address the needs of a few countries only. At the Confederation of Indian Industry’s (CII) India-Latin America & Caribbean (LAC) Region Conclave, he said that at the last WTO ministerial, many countries were trying to divide such countries through “small sops”.
03.08 / 18:01
UPS
Target
MET
Cooper
country
Latin
India and LAC can target $100 billion trade by 2027: External Affairs Minister Jaishankar
Jaishankar on Thursday said trade between India and the Latin America-Caribbean (LAC) region can be doubled to $100 billion by 2027 by furthering economic partnerships. Jaishankar, who was speaking at the inaugural session of the 9th CII India-LAC Conclave, said the four key pillars of cooperation between India and the LAC region could be supply chain diversification, resource partnerships, sharing of developmental experiences, and addressing global challenges.
03.08 / 17:39
UPS
Cooper
Citizens
Progressive
stage
country
India, UK may work jointly on Sri Lanka
New Delhi: Crisis-hit Sri Lanka has emerged as a key country of interest for India and the UK as they set out to operationalize a Global Innovation Partnership that allows them to cooperate in development projects in third countries. The partnership, which is expected to focus on climate-smart innovations, is expected to come out with a list of priority countries and sectors next year. The two countries have had early- stage talks about cooperation in Sri Lanka’s power and energy sector.
03.08 / 17:39
Manufacturing
performer
country
electronic
Domestic demand, investment to drive growth, says Economic Review
New Delhi: The Indian economy will grow on the strength of domestic demand and investment despite a rise in global uncertainties and moderation in global output, the economic review for June released on Thursday said. However, negative cross-border spillovers and adverse global developments can act as a deterrent to achieving the potential high-growth path in the current financial year, the report added.
03.08 / 17:39
FIVE
country
PM Modi to attend BRICS Summit in Johannesburg
BRICS Summit, the Ministry of External Affairs (MEA) said. "President Ramaphosa invited the prime minister for the BRICS summit being hosted by South Africa on August 22-24, and briefed him on the preparations for the same," the Ministry of External Affairs (MEA) said atfter PM Modi's talks with Ramaphosa. "The prime minister accepted the invitation and conveyed that he looked forward to his visit to Johannesburg to participate in the summit," the MEA said.
03.08 / 17:39
Citi
Target
Manufacturing
Mobile
Align
country
India’s GDP to grow at 6.7% till FY31 to touch $6.7 tn, says S&P
New Delhi: S&P Global expects India’s GDP to grow 6.7% annually from FY24 to FY31, catapulting it from $3.4 trillion during the current fiscal to $6.7 trillion in FY31, the rating agency said in a report on Thursday. However, India will face macro challenges in the upcoming decade to turn traditionally uneven growth into a high and stable trend.
03.08 / 17:21
03.08 / 17:21
COST
UPS
Provident
Flushing
country
Banks from 4 Arab countries are in talks to invest in struggling Lebanese banks, official says
Banks from four Arab countries are interested in investing in Lebanon’s struggling banking sector, which has been hard-hit by the small nation’s three-year economic meltdown
03.08 / 17:21
FIVE
country
Michael Jordan's sale of majority ownership of Hornets to Gabe Plotkin and Rick Schnall is finalized
The Charlotte Hornets have announced that the sale of the majority stake in the franchise from six-time NBA champion Michael Jordan to Gabe Plotkin and Rick Schnall has been finalized
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