Country Financial News
01.08 / 23:03
UPS
Provident
Twitter
country
Recreational marijuana is now legal in Minnesota, but the state is still working out retail sales
Minnesota’s legalization of recreational marijuana went into effect Tuesday
01.08 / 23:03
UPS
Citizens
VISA
country
US restricts visa-free travel for Hungarian passport holders because of security concerns
The United States is imposing travel restrictions on citizens of Hungary over concerns that the identities of nearly 1 million foreigners granted Hungarian passports over nine years were not sufficiently verified
01.08 / 23:03
01.08 / 23:03
COST
UPS
Citi
band
country
electronic
Solar
The first generation of solar panels will wear out. A recycling industry is taking shape
The largest solar panel recycling plant in North America has opened in Yuma, Arizona, just as the flow of used and spent solar panels sharply ramps up
01.08 / 22:47
Compilation
Fitch
country
Fitch downgrades US credit rating
The U.S. was stripped of its top-tier sovereign credit rating by Fitch Ratings, echoing a move made more than a decade ago by S&P.
01.08 / 20:47
UPS
Provident
Lowe's
country
network
India has largest 5G network in world: Vaishnaw
New Delhi: India now has the second largest 5G network in the world, on the back of the fastest 5G rollout with 300,000 sites set up in 10 months, the government said Tuesday. In a Koo post on Tuesday, telecom minister Ashwini Vaishnaw said, “The world’s fastest 5G rollout continues, over 3 lakh sites installed in 714 districts.
01.08 / 20:11
Provident
Progressive
country
singer
Moosewala murder case: Gangster Sachin Bishnoi extradited from Azerbaijan
Sachin Bishnoi, who was allegedly involved in the murder of Punjabi singer Sidhu Moosewala, was extradited from Azerbaijan and brought back to India on Tuesday, officials of the Delhi Police said. He was produced in a Delhi court, which remanded him in police custody for 10 days. Officers from the Delhi Police's Special Cell had travelled to the Azerbaijan capital Baku to monitor the progress in the case.
01.08 / 19:51
UPS
Provident
Digital
Aware
country
Digital Personal Data Protection bill in Lok Sabha on Thursday
New Delhi: Telecom and IT minister Ashwini Vaishnaw will introduce the digital personal data protection bill in Lok Sabha on Thursday, the government said in a notification. "Shri Ashwini Vaishnaw to move for leave to introduce a Bill to provide for the processing of digital personal data in a manner that recognises both the right of individuals to protect their personal data and the need to process such personal data for lawful purposes and for matters connected therewith or incidental thereto. Also to introduce the bill," the notification said.
01.08 / 19:47
UPS
Strategy
Vodafone
country
500
Nokia
Nokia sales crossed Rs 9,500 cr in India in Q2 on the back of 5G rollout: Sanjay Malik
Nokia posted ₹9,500 crore of revenue in India during the April-June period, boosted by the 5G rollouts. Sanjay Malik, head of the India market, tells Danish Khan that the 5G-led growth in India is happening faster than in some developed markets. The company is supporting Vodafone Idea's existing 4G operations and is awaiting the telco's funding, which is taking longer than what Nokia had expected, he says.
01.08 / 19:05
Booking
COP
show
country
reform
Reform policing
This week began with an outbreak of communal violence on the outskirts of India’s national capital region. On Monday, a religious procession led by a Hindu right-wing outfit in a Muslim-populated area saw clashes erupt, with mob lawlessness spreading to streets in Gurugram barely 40km south of Parliament House, and a local mosque set ablaze late at night. As seen in multiple cases before, what stood out starkly was the role of law enforcers.
01.08 / 19:05
COST
UPS
Provident
Cooper
Extreme
country
cover
Relief from milk prices likely after monsoon: Parshottam Rupala
NEW DELHI : Milk prices in India have surged 22% in three years, including 10% in the past year. According to Parshottam Rupala, Union minister for fisheries, animal husbandry, and dairying, prices of green fodder are declining, and milk prices are expected to stabilize after monsoon as fodder turns plentiful. In an interview, Rupala said while extreme weather conditions can damage crops, there is currently no alarming feed shortage, and in the unlikely situation of a shortage, states have reserves to fill the supply gap.
01.08 / 19:05
UPS
Manufacturing
Pool
Micron
track
country
Gujarat aims to become chip-making hub
GANDHINAGAR : The Gujarat government is pitching the state as the sole destination for semiconductor manufacturing and allied investments in India, with officials having discussed with over 100 companies across the gamut of manufacturers and suppliers. “At least half-a-dozen players are in advanced discussions, including wafer fabs, display fabs, OSAT (outsourced semiconductor assembly and test) players and suppliers," a senior state government official said, asking not to be named.
01.08 / 19:05
Provident
country
cover
RBI fines 4 PSUs for late reporting of overseas investments
₹2,000 crore on ONGC Videsh Ltd (OVL), Indian Oil Corp. Ltd, GAIL (India) Ltd, and Oil India Ltd for delayed reporting of their overseas investments, two people familiar with the development said. The move may impact the overseas work commitments of these four state-run energy majors, prompting efforts by them to secure an extension from RBI, which has imposed a late submission fee of ₹500 crore each on the four firms.
01.08 / 18:41
Digital
Google
PwC
show
country
UPI records 9.96 billion transactions in July worth Rs 15.34 lakh crore
UPI) registered 9.96 billion transactions in July, with the total value for the month hitting Rs 15.34 lakh crore, according to data from the National Payments Corporation of India (NPCI). This shows a 6.6% jump in the number of transactions via UPI from 9.34 billion in June.
01.08 / 18:41
COST
Lowe's
Manufacturing
show
country
Industry activity remains strong on new export orders
Manufacturing activity continued its strong momentum in July even as a marginally softer rate of expansion in output and new orders brought down the PMI reading for the month to 57.7 from 57.8 in June. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) for July released on Tuesday pointed to an improvement in overall operating conditions for the 25th straight month. In PMI parlance, a print above 50 means expansion while a score below 50 indicates contraction.
01.08 / 18:41
FIVE
country
Promotion of SC, ST employees to Group A well below mandated level: Parliamentary panel
SC, ST employees to Group A officers is «well below» the mandated percentage. It has suggested allowing formation of SC, ST welfare associations in ministries and ensuring reservations in contractual appointments.
01.08 / 18:41
UPS
country
Russia crude imports up 5% in July
Private sector refiners helped boost India's imports of Russian oil in July after a decline in June amid reports of narrowing discounts. India imported 1.92 million barrels a day of Russian crude in July, almost reaching the record levels of May, according to energy cargo tracker Vortexa. Imports in July were 5% higher than in June and barely 6,000 barrels per day lower than in May.
01.08 / 17:53
UPS
Target
Man
Manufacturing
Continental
country
Renewables
Brookfield
Brookfield, RIL bet on renewables in Australia
₹5.95 trillion) in green energy and other projects in Gujarat. It will also set up a 10GW solar project in Andhra Pradesh.
01.08 / 17:53
UPS
Action
SpaceX
stage
country
Caught Between China and Russia, Mongolia Seeks Closer U.S. Ties
BEIJING—Sparsely populated and sandwiched between two authoritarian powers, Mongolia is positioning itself as a resource-rich, democratic partner for the U.S. in Asia amid growing competition between Washington and Beijing over the minerals needed to pursue cleaner energy. That push will be at the heart of a visit by Mongolia’s prime minister to Washington this week, as his country attempts to draw itself closer to the West in a bid to diversify its economy without angering its powerful neighbors Russia and China.
01.08 / 17:23
Provident
Aware
Fighting
Remark
country
Ready to hold talks with India on all outstanding issues: Pak PM Shehbaz Sharif
Pakistan Prime Minister Shehbaz Sharif on Tuesday offered talks with India to address all serious and outstanding issues as he said “war is not an option” for both countries as they fight poverty and unemployment.
01.08 / 17:09
Digital
Platform
country
voice
social
Latin
India advances digital push at global fora with eye on developing world
Mint has learnt. This would enable New Delhi to pitch its ‘India Stack’— digital solutions implemented at population-scale to deliver social benefits—to the developing world. New Delhi hopes that this in turn will make Indian platforms the benchmark for the global development of DPIs and cement its place as a key technology-partner amid a worldwide move toward digitalization.
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