Country Financial News
02.08 / 11:15
UPS
Target
Citizens
VISA
country
Canada is raiding the US for tech worker immigrants. Can you really blame them?
immigration system, millions of workers face insurmountable hurdles to gaining permanent residence. It was always a risk that other governments would take the opportunity to lure skilled workers away from the US. Now it’s happening, thanks to a somewhat unlikely rival: Canada.
02.08 / 10:27
Provident
FIVE
Waters
show
country
cover
Unemployment
Unemployment Rate
Unemployment rate falls to 7.95% in July due to rise in agricultural labour demand
unemployment rate fell last month mainly due to increased demand for agricultural labour in rural areas with the onset of the monsoon season. According to a report published by Bloomberg citing Centre for Monitoring Indian Economy(CMIE) data for the month of July, the total joblessness rate fell to 7.95% in July, from 8.45% in June The seasonal monsoon rains have covered the entire country and it is critical as the monsoon rains water nearly half of the country's agricultural land have raised the expectations of higher production in farm products and also helping in economic growth.
02.08 / 10:03
VISA
Aware
country
Swiss
Travelling to Switzerland to get tougher? Swiss embassy suspends Schengen visa applications for Indians next few months
Indian tourists. Commenting on the matter, the Head of Markets East at Switzerland Tourism, Simon Bosshart said, as cited by SchengenVisaInfo, he is aware of the problem.
02.08 / 10:03
UPS
VISA
Manufacturing
Action
Xiaomi
country
India should be pragmatic about huge Chinese investments
Financial Times in an interview last week, “We are open to doing business with any company anywhere as long as they are investing and conducting their business lawfully and are in compliance with the Indian laws." He added, for good measure, that India was “open to all investments, including Chinese". That these statements were meant for consumption overseas is evident if one looks at the ground reality. China’s BYD Motors has become the latest casualty of India’s undeclared economic cold war with China.
02.08 / 10:03
Assurant
Immunic
country
reports
India reports 60 new covid cases
coronavirus infections in the last 24 hours, marking a slight increase in active cases from 1,474 to 1,482, according to data from the health ministry on Wednesday. There has been a consistent decline in cases observed over recent months. Total reported cases, since the pandemic hit in early 2020, has surpassed 4.50 crore to date.
02.08 / 09:47
COST
UPS
Provident
show
country
Carlyle
Platinum Equity stalks Carlyle Group’s Accolade Wines
As Australia’s second-largest wine group and its advisers bunker down on what’s expected to be a protracted recapitalisation process, Street Talk understands American buyout group Platinum Equity is getting its ducks in a row.
02.08 / 09:17
Provident
Target
stage
country
Power
Solar
Tata Power Renewable Energy signs PPAs with MSEDCL for 200 MW and 150 MW solar projects
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed two power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for commissioning two solar power projects, 200 MW and 150 MW, respectively.
02.08 / 09:17
02.08 / 09:17
Target
MET
FIVE
RAI
country
services
NOT
Delhi services bill will not survive in Rajya Sabha: AAP MP Sanjay Singh
Rajya Sabha MP Sanjay Singh on Wednesday said the Government of National Capital Territory of Delhi (Amendment) Bill, 2023, which seeks to replace the Delhi services ordinance, will not survive in the Rajya Sabha. All members of the opposition bloc INDIA will oppose the proposed legislation in the Upper House, he told PTI video. Tabled by Minister of State for Home Affairs Nityanand Rai, the proposed legislation will reverse the effect of a Supreme Court verdict that gave the elected government of Delhi power over administrative services in the national capital.
02.08 / 08:43
UPS
FIVE
Reuters
CEO
country
record high
India's July edible oil imports at record high
India's edible oil imports in July rose to a record 1.76 million metric tonnes as refiners built up stocks for upcoming festivals given uncertainty over supplies from the Black Sea, five dealers told Reuters. Higher purchases by the world's biggest importer of vegetable oils could help to lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. They would also strengthen soyoil futures and could reduce inventories in sunflower oil-producing Black Sea countries.
02.08 / 08:43
UPS
Progressive
Action
Remark
country
voice
India adopted unconventional approach to its G20 Presidency: EAM Jaishankar
G20 grouping, External Affairs Minister S Jaishankar said that India adopted an unconventional approach to its Presidency, making it much more connected with people. A major highlight of the second day of the Think20 (T20) Summit in Mysuru on Tuesday was a virtual address by Jaishankar, followed by a high-level interaction with him. Speaking on India's G20 Presidency, Jaishankar said that there have been «some achievements, some work in progress, and some hope in progress».
02.08 / 07:59
Racing
Nielsen
country
First Formula E race had positive impact on Hyderabad's economy
Greenko Hyderabad E-Prix, hosted in collaboration with the Telangana government, delivered an economic impact of nearly USD 84 million, according to a report. The economic study conducted by Nielsen Sports Analysis calculated an USD 83.7 million uplift to Hyderabad's economy as a result of the ABB FIA Formula E World Championship's debut race in India on February 11.
02.08 / 07:25
UPS
Manufacturing
country
electronic
India, UK free trade agreement: 12th round of talks from Aug 7
India and the UK are close to concluding negotiations for a proposed free trade agreement (FTA), chief negotiators of both countries will hold the 12th round of talks from August 7 here, an official said. Both sides are looking at concluding the talks before the end of the year. The main issues which could come up for discussions in this round include investment treaty, reduction of duties on auto and whiskey and matters pertaining to services, the official said.
02.08 / 07:09
awards
Celebrity
stage
country
PM Modi is very similar to Indira, Rajiv Gandhi as…, says Maharashtra deputy CM Ajit Pawar
Narendra Modi, late Rajiv Gandhi and late Indira Gandhi, Maharashtra Deputy Chief Minister Ajit Pawar said on Tuesday expressed that these great leaders share some similar traits. "There is no other personality in the country who has popularity like Modi ji. Look at the work he has done…, the kind of respect India gets at the global level," the deputy CM said while speaking to PTI.
02.08 / 07:09
Reuters
Manufacturing
country
tax evasion
China's EV giant BYD under scanner for alleged tax evasion in India on imported car parts
Warren Buffet-backed chinese automaker BYD is currently under investigation in India due to allegations of underpaid taxes on imported parts used in the assembly and sale of its cars in the country, as reported by two sources familiar with the matter. As reported by news agency Reuters, India's Directorate of Revenue Intelligence (DRI) claims that BYD failed to pay 730 million rupees ($9 million) in taxes. Despite BYD depositing this amount following the DRI's preliminary findings, the investigation is still ongoing, and there may be further tax charges and penalties, it said.
02.08 / 07:07
COST
IPO
Target
Digital
Pool
country
audience
Future
Is the future bright for the growth of unicorns in India? Prateek Jain answers
«See unicorns are a mythical creatures right. But what I would like to say is that we have just seen a large number of tech start-ups going IPO that is a great start right,» says Prateek Jain, The Fundamentum Partnership.What is your outlook about the growth of unicorns in the country? Do you see the future is bright for the growth of unicorns in India? See unicorns are a mythical creatures.
02.08 / 06:23
COST
UPS
Booking
Enterprise
performer
stage
country
What’s driving growth for Chola Investment? CFO Arul Selvan answers
Arul Selvan, President & CFO, Chola Investment & Fin, says “in Q1, the asset quality will slightly deteriorate because there would have been a lot of collection efforts going in Q4 because of the year-end, et cetera. So Q1 will always have a slight reversal of asset quality trend. In our case, we have just moved the stage 3 by 5 bps.
02.08 / 06:23
UPS
Reuters
Aware
Manufacturing
country
Deaths
India finds lapses at cough syrup maker linked to Cameroon deaths
India has found violations related to manufacturing and laboratory practices at drugmaker Riemann Labs, whose cough syrup was linked to child deaths in Cameroon, a government health official told Reuters on Wednesday. Indian authorities have stepped up scrutiny of drugmakers after some cough syrups made in the country were linked to deaths of dozens of children overseas.
02.08 / 05:53
FIVE
Action
BlackRock
MSCI
performer
country
committee
U.S. House committee flags MSCI, BlackRock for China investments
BEIJING — U.S. investments in around 50 blacklisted Chinese companies have drawn the attention of the U.S. House of Representatives Select Committee on the Chinese Communist Party.
02.08 / 05:53
Provident
Target
Fighting
Matthews
Boeing
show
country
Bank of England's next move divides economists as data paints a mixed picture
LONDON — Market expectations are split over the Bank of England's next monetary policy move on Wednesday, as policymakers near a tipping point in their fight against inflation.
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