Country Financial News
02.08 / 19:35
UPS
Waves
SUN
country
Greece plans hourly caps on visitors to ancient Acropolis and will let in up to 20,000 daily
Greece's government says visitors to the Acropolis of Athens will be capped starting next month at a maximum 20,000 daily and subject to varying hourly entry limits
02.08 / 19:35
COST
FIVE
Corning
country
cover
Deal
exits
Mideast countries that are already struggling fear price hikes after Russia exits grain deal
Egypt and other lower-income Middle Eastern countries like Lebanon and Pakistan are worried about what comes next after Russia pulled out of a crucial wartime grain deal
02.08 / 19:35
Manufacturing
Racing
Assurant
Software
country
California firm to pay $1 million for selling devices to thwart diesel truck smog controls
A California company will pay $1 million for violating federal environmental laws by making and selling devices that defeated smog controls on diesel trucks
02.08 / 19:35
Provident
Reuters
Fighting
country
voice
Support
Brazil's Lula voices support for more countries joining BRICS group
Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa
02.08 / 19:35
02.08 / 19:35
Citi
Target
Corning
Shell
show
country
Russian drone strikes hit a Ukrainian port on Romania's border that is key to grain exports
Russian drones have hit a Ukrainian port city along the border with Romania, causing significant damage and a huge fire at facilities that are key to Ukrainian grain exports
02.08 / 19:09
02.08 / 19:07
BLOCK
Aware
Platform
Action
Racing
country
cover
GST law on online gaming from 1 October; review after 6 months
NEW DELHI : The Goods and Services Tax (GST) Council, in a divided decision, decided to amend central and state laws from 1 October to ensure that 28% GST is paid on the full value of amounts deposited by players for betting on online games, casinos, and horse races. However, redeployed winnings will be excluded from the indirect taxation. The new regime will be reviewed after six months of implementation, finance minister Nirmala Sitharaman said.
02.08 / 19:01
UPS
MAIL
Apple
country
Inside
How Ozempic is upending the weight loss industry
In 1983, Jenny Craig and her husband Sidney opened nine weight loss centres across Melbourne. Over the next forty years millions of overweight people paid to weigh in, pick up meals and slim down and the business grew to 700 stores in four countries.
02.08 / 18:43
UPS
Manufacturing
Mobile
Apple
Tesla
country
fall
Tesla won't fall far from the Apple tree
Tesla is unlikely to receive a special tax treatment to sell its cars in India. The EV company may have to operate through sweeteners offered to foreign investments, and for accelerated adoption of electric mobility in the country. There could also be some leeway in allowing Tesla's Chinese vendors to set up production bases in India after the experience of Apple's contract manufacturers — who were finding it difficult to seed the local ecosystem as they ramped up production and exports from India.
02.08 / 18:43
UPS
country
Inside
China replaces rocket force generals in surprise military shake-up
Rocket Force, in a surprise shake-up that has raised doubts about the inner workings of the military unit in charge of the country's strong arsenal of nuclear and ballistic missiles, CNN reported. State media on Monday reported that, Chinese leader Xi Jinping has named Wang Houbin as commander of the Rocket Force and Xu Xisheng as political commissar of the force.
02.08 / 18:43
Target
Southern
country
Ukraine says Russia struck port facilities on Danube
Ukraine said Wednesday that Russia had struck port infrastructure in Ukraine's southern region of Odesa, targeting facilities used to export grain since the collapse of the deal allowing shipments from the Black Sea. «On the night of August 2, Russian armed forces carried out a drone attack on Odesa,» the general prosecutor's office said in a statement.
02.08 / 18:29
MET
Extreme
performer
country
IMD predicts heavy rainfall in Odisha, MP and several other states for next few days
ANI, “Several districts are likely to receive extremely heavy rainfall in the next 2 days. In the next 24 hours, heavy rainfall is likely in North Odisha districts and other districts.
02.08 / 18:11
Provident
Target
Assurant
Metro
Highways
country
Latin
foreign
Rites eyes ₹1,000 cr orders in Africa, foreign consulting
Railway engineering and consulting company Rites Ltd is close to signing international contracts to supply locomotives and wagons, even as it explores consulting services abroad, chairman and managing director Rahul Mithal said. The state-run company has emerged as the lowest-cost bidder for contracts worth Rs1,000 crore to supply locomotives and wagons to Zimbabwe and Mozambique, Mithal said in an interview.
02.08 / 18:11
Manufacturing
country
Hopes and fears: India and the slouching dragon
The world’s factory is slowing down. This has prompted urgent questions about why the world’s second-largest economy is getting sluggish. As to the impact on India, there is both good and bad news.
02.08 / 17:43
COST
UPS
Provident
Aware
Veda
country
Suniel Shetty invests in mental health app
₹55 crore over the next two years in the app to offer accessible, inclusive mental health support to people and provide a solution to help end the stigma of mental health. The made-in-India app, Shetty said, will democratize mental health treatment in India and worldwide. “I have seen the dedication of Manun since he launched Veda and when he came up with the idea to launch an app to make it affordable and accessible to people, my first question to him was how can I help? This app is a significant step in supporting people with mental health tools and online therapy so they can thrive in all aspects of their lives.
02.08 / 17:27
Lowe's
Aware
Manufacturing
country
guidelines
Fresh drug MSME guidelines on cards as govt finds lapses
₹250 crore will have to mandatorily adopt good manufacturing practices certification within six months, while those with turnover of less than ₹250 crore will have to do so in 12 months time period," health minister Mansukh Mandaviya said on Wednesday during a press briefing. Firms that fail to do so will be punished as per the provisions of the law, Mandaviya said. Schedule M (of the Drugs and Cosmetics Act) has not been implemented properly by a lot of drugmakers, he added.
02.08 / 17:27
COST
Provident
Align
stage
country
India, Sri Lanka to begin talks on petroleum pipeline project
Mint has learnt. The project, which was announced during president Ranil Wickremesinghe’s visit to India in July, is expected to help Sri Lanka improve its energy security at an affordable cost. Among other things, the meetings are expected to touch on the physical alignment of the petroleum pipeline.
02.08 / 17:19
UPS
country
Russia launches Baltic naval drills, ratcheting up tensions with European neighbours
Ministry of Defence said it began live-fire naval exercises in the Baltic Sea on Wednesday, ratcheting up tensions with nearby European nations that are already high over NATO and Ukraine. Russia last carried out mass military exercises in the Baltic Sea in June, two months after Finland became NATO's newest member.
02.08 / 17:13
UPS
Digital
Manufacturing
Gap
Pool
AMD
country
‘We plan to add 3,000 engineers in India’
New Delhi US chipmaker Advanced Micro Devices’ (AMD) decision to invest $400 million in India isn’t tied to government incentives but rather a vote of confidence in the country’s strong talent pool, said Mark Papermaster, chief technology officer at AMD. In an interview, Papermaster said most of the investment will go towards hiring 3,000 engineers by 2028. He said steps taken by the government to develop semiconductor skills and other initiatives will make India a global talent hub.
02.08 / 16:35
Target
FIVE
Booking
track
country
surges
Godrej Properties Q1 Results: Net profit surges 3-fold to ₹125 crore, sale bookings down 11% YoY
₹124.94 crore for the first quarter of this fiscal, while sale bookings fell 11 per cent annually in April-June period to ₹2,254 crore. The company also plans to raise ₹2,000 crore, in one or more tranche, through issue of non-convertible debentures (NCDs) and bonds on private placement basis. Its net profit stood at ₹45.55 crore in the year-ago period.
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