Country Financial News
25.07 / 12:47
COST
Lowe's
Progressive
show
country
2020
India could face third highest economic burden of COPD from 2020-50: Lancet Study
Lancet Global Health journal said. The third leading cause of death worldwide, COPD caused 3.3 million deaths in 2019, it said, with China recording the highest toll, followed by India and the USA.
25.07 / 12:29
25.07 / 12:13
UPS
MET
country
foreign
Speculation
China replaces foreign minister Qin Gang with Wang Yi after brief stint and weeks of speculation
China removed Foreign Minister Qin Gang from his post on Tuesday after a one-month absence from public duties, replacing him with his predecessor Wang Yi, state media said, after weeks of speculation about what had happened to him. Qin, 57, who only took up the job in December after a brief stint as envoy to the United States, had not been seen in public since June 25 when he met visiting diplomats in Beijing.
25.07 / 11:19
Immunic
performer
country
reports
India reports 21 new covid cases in a day
New Delhi: India reported a modest 21 fresh covid-19 cases in the last 24 hours, continuing the trend of declining numbers observed for several months, according to Tuesday’s data from the union health ministry. The active caseload currently stands at 1,449. The country’s total caseload has touched over 4.5 crore so far and since its outbreak in early 2020, the virus has taken a toll of approximately 531,915 lives in India.
25.07 / 11:19
MET
Remark
country
nsa
LAC situation ‘eroded strategic trust’: NSA Ajit Doval tells China's Wang Yi
Brics (Brazil-Russia-India-China-South Africa) grouping in Johannesburg late on Monday, Doval conveyed India’s position, reported Hindustan Times. The meeting between Doval and Wang came a little more than 10 days after external affairs minister S Jaishankar met Wang on the sidelines of Asean-related meetings in Jakarta on 14 July. Both discussed the border row, which has taken India-China relations to their lowest point in six decades.
25.07 / 11:19
UPS
Aware
Manufacturing
Mobile
Remark
show
country
India requires 1.32 mn EV charging stations by 2030: CII report
New Delhi: India may need a minimum of 1.32 million charging stations by 2030 to facilitate the rapid adoption of electric vehicles (EVs), according to a report released by the Confederation of Indian Industry (CII) on ‘Charging Infrastructure for Electric Vehicle’. The report said the fervent support for electric vehicles from both the central and state governments has led to increased consumer options and awareness, contributing to an exponential surge in EV uptake during 2022, showing a remarkable threefold increase compared to the preceding year.
25.07 / 11:17
UPS
Digital
Cooper
crypto regulation
country
Future
Towards a Balanced Future: A Middle-of-the-Road Approach to Crypto Regulation
As the cryptocurrency market continues to evolve, a middle-of-the-road regulatory consensus is gaining momentum, aiming to strike a balance between skepticism and optimism around crypto, Aaron Brown, a former managing director and head of financial market research at AQR Capital Management, opined in a recent piece for Bloomberg.
25.07 / 11:03
25.07 / 10:21
MET
Remark
show
country
debate
Monsoon Session: Kharge, Goyal exchange barbs in Rajya Sabha over debate on Manipur
Piyush Goyal and Leader of the Opposition Mallikarjun Kharge on Tuesday exchanged barbs at each other in the Rajya Sabha over the debate on Manipur, with Kharge demanding the presence of Prime Minister Narendra Modi and Goyal saying atrocities on women in opposition-ruled states will also be discussed in the House. The opposition raised an uproar from the start of the Question Hour when the House met at noon, with members of the Congress and other like-minded parties raising slogans «Manipur, Manipur». Kharge said over 50 members have given notices for discussion on the Manipur issue under rule 267, but the government is not ready. Goyal countered him by saying Union Home Minister Amit Shah is ready to have a discussion on the issues related to atrocities on women in Rajasthan, Chhattisgarh, Telangana and West Bengal. «The home minister is ready for that… he would do 'doodh ka doodh' and 'paani ka paani' (differentiate between truth and lies), » he said. Kharge also questioned the absence of Modi in the House.
25.07 / 10:15
UPS
country
Latin
Spotify's user growth beats expectations
STOCKHOLM (Reuters) — Spotify Technology SA (NYSE:SPOT) on Tuesday reported second-quarter results that comfortably beat expectations for both monthly active users and subscribers, and forecast the number of listeners each month would reach 572 million next quarter.
25.07 / 10:12
COST
UPS
Provident
country
Suzlon Energy Q1 Results: Profit plunges 96% YoY to Rs 101 cr; stock crashes 5%
Suzlon Energy on Tuesday reported a consolidated net profit of Rs 101 crore for the quarter ended June as part of its Q1 earnings. It was down 96% from Rs 2,433 crore reported in the corresponding quarter of last year. On a sequential basis, the net profit declined 64% from Rs 280 crore clocked in the preceding March quarter.
25.07 / 10:12
Citi
Provident
Target
Digital
Aware
Gap
country
India targets 12% annual merchandise export growth for $1tn vision: DGFT's Santosh Sarangi
Santosh Sarangi, IAS, Director General, Directorate General of Foreign Trade, New Delhi, Government of India, today said that currently India's export is USD 450 billion, and to reach USD one trillion mark, the country needs to grow at year-on-year rate of 12%. «Similarly, in service sector we need to grow at 16.6 percent on an average every year,» Sarangi said at the World Trade Day 2023 programme in Bhubaneswar organised jointly by World Trade Centers in four cities, viz. Mumbai, Bhubaneswar, Jaipur and Goa.
25.07 / 10:11
UPS
Provident
Reuters
Digital
CEO
country
Sam
UK data watchdog to make enquiries about Sam Altman's Worldcoin crypto project
Worldcoin, a project by OpenAI CEO Sam Altman where users provide their iris scans in exchange for a digital identification and free cryptocurrency. «We note the launch of WorldCoin in the UK and will be making further enquiries,» a spokesperson for the Information Commissioner's Office told Reuters.
25.07 / 10:11
country
Uttar Pradesh, Karnataka and Maharashtra paid maximum tax for tobacco items
Uttar Pradesh, Karnataka and Maharashtra, the finance minister said today. The share of taxes (inclusive of GST, Compensation Cess, Basic Excise Duty, and National Calamity Contingent Duty) collected from tobacco and allied products and pan masala in the gross tax revenue (Revised Budget Estimates for FY 2022-23) for the financial year 2022-23 is around 2.39%, Nirmala Sitharaman told lawmakers in Rajya Sabha.
25.07 / 10:01
25.07 / 09:47
COST
Reuters
Progressive
Browser
country
Q3
British caterer Compass retains annual outlook as Q3 revenue jumps
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25.07 / 09:45
UPS
Citi
Target
track
country
1200 burglaries in 25 years: This chauffeur-driven crorepati thief owned multiple sedans, luxury homes
thief, who had a long spree of robberies including 1,200 burglaries across 14 states over 25. As per ToI report, Police finally got the custody of Nadeem Qureshi (45) in connection with a burglary at Sourav Abasan in Salt Lake that occurred two years ago. He was known for his extravagant lifestyle, owning a range of sedans and dressing up in corporate formals.
25.07 / 09:45
COST
UPS
Citi
performer
country
Jubilant FoodWorks Q1 Results: Profit drops 26% YoY to Rs 75 crore
Jubilant FoodWorks, which owns Domino’s pizza franchise in India and a few other countries, on Tuesday reported a 25.5% year-on-year (YoY) drop in its standalone June quarter profit at Rs 75.2 crore but its EBITDA margin improved 97 bps sequentially. During the quarter, the pizza-seller reported a 5.6% YoY rise in its revenue to Rs 1,309.7 crore. Its profit after tax (PAT) margin improved by 195 bps sequentially to 5.7% while EBITDA margin came in at 21.1%, higher by 97 bps sequentially.
25.07 / 09:45
Citi
Target
COP
track
country
Wanted in 1,200 burglaries in 14 states, Kolkata police gets custody of crorepati thief
Bidhannagar Police on Monday got custody of a high-flying thief, Nadeem Qureshi in connection with a two-year-old burglary at Sourav Abasan in Salt Lake, TOI reported. Qureshi, 45, has committed as many as 1,200 odd burglaries across 14 states over 25 years. The burglar king owns properties worth crores in Mumbai and Pune, the police said.
25.07 / 09:45
UPS
Target
Remark
love
country
Congress slams PM Modi by saying he has started 'hating India'
Congress hit back at Prime Minister Narendra Modi on Tuesday over his remarks targeting the opposition alliance, with Rahul Gandhi saying «call us whatever you want» but «we are INDIA» and will rebuild the idea of India in Manipur. Speaking in the Rajya Sabha, Congress president Mallikarjun Kharge said while «we are talking about Manipur, which is burning», the prime minister is «talking about East India (Company) and saying INDIA means East India (Company)». Later, in a tweet in Hindi, Kharge said, «While we are talking about Manipur, the prime minister, outside the House, is calling 'INDIA' as 'East India Company'. The Congress party has always been with 'Mother India' i.e. 'Bharat Mata'.» «The slaves of the British were the political ancestors of the BJP. Prime Minister Modi, stop diverting the attention of the country with your rhetoric. Narendra Modiji, speak about Manipur in Parliament, do not belittle the dignity of the post of prime minister by calling INDIA, that is Bharat, good or bad,» the Congress president tweeted. Modi slammed the Indian National Developmental Inclusive Alliance (INDIA) as the most directionless the country has ever seen and cited reviled names, such as East India Company and Indian Mujahideen, to assert that people cannot be misled merely by the use of the country's name. Parliamentary Affairs Minister Pralhad Joshi said the prime minister told a BJP Parliamentary Party meeting that the conduct of the opposition has been such that as if it has decided to stay in the opposition for long.
25.07 / 09:37
country
After ₹2000 demonetisation, is ₹500 note next? Will ₹1,000 banknotes return in circulation? Govt replies
₹2,000 currency notes from circulation in mid-May this year. The last date to submit ₹2000 currency notes in bank is September. In the ongoing monsoon session, the Finance Ministry was asked about the demonetisation of ₹500 notes and the reintroduction of ₹1,000 notes in the economy.
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