Country Financial News

Sam Bankman-Fried's younger brother, who was a top lobbyist for failed crypto exchange FTX, considered purchasing the island nation of Nauru in the Pacific to create a fortified apocalypse bunker-state, a lawsuit filed in Delaware bankruptcy court shows.

BYD Motors' proposal to set up a $1 billion four-wheeler manufacturing facility in India in partnership with Hyderabad-based Megha Engineering and Infrastructures Ltd. The two companies had in their application to the Department for Promotion of Industry and Internal Trade (DPIIT) proposed to set up an electric vehicle plant in Hyderabad. The DPIIT had sought opinions from other departments on the investment proposal.

G20 Energy Transition Working Group is facing challenges in reaching a consensus on the joint communique with clean hydrogen and the Russia-Ukraine war being the key sticking points. About 60% of the communique has been agreed upon, but negotiations are still continuing on whether the future of hydrogen should be green or clean, people aware of the development said. The communique entails a paragraph that states to deplore the aggression by Russia against Ukraine, which is being opposed by Russia and China, sources said.

Ayush', or traditional systems of medicine, by the end of this year, ET has learnt. Data collection for the survey, which started last year in July, is nearly complete, and the results will take 4-5 months to be compiled, sources indicated.

ONDC will sell the most coveted food item in the country currently — the humble tomato — for ₹70 a kg. Tomatoes will be sold by the National Cooperative Consumers' Federation (NCCF) for the next 10-15 days, ONDC managing director and CEO T Koshy said in the national capital on Friday. ONDC is a «socially conscious organisation» he said adding that the move will provide publicity for the platform which is trying to roll-out nationally after several pilots in cities across the country.

sunflower oil and wheat are on the rise in India after Russia suspended a deal that allowed export of commodities from war-torn Ukraine through the Black Sea.Soyabean oil, too, is turning expensive, as dry weather in the US has impacted soyabean production in the country, a top producer and exporter of the beans. Shipments of sunflower oil to India have stopped after Russia on July 17 said it was pulling out of the year-old deal that allowed shipments of grains and other foodstuffs to move past the Russian naval blockade in the Black Sea. To make matters worse, over the next two days, Russia bombed the Ukrainian grain port of Odesa, reportedly destroying more than 60,000 tonnes of grain. India imports sunflower and soyabean oils to meet domestic demand. Since the suspension of the deal, sunflower oil prices have risen by almost 8%. “Prices of both sunflower and soyabean oils have started moving up,” said Sandeep Bajoria, Bajoria, CEO of Sunvin Group, a vegetable oil brokerage and consultancy firm. “If Russia does not extend the grain deal, then prices of sunflower oil go up further. On the other hand, dry weather conditions in the US have driven up the prices of soyabean oil by 5% in the last week.”

New Delhi: India’s per capita carbon emissions have been hailed as significantly low amidst growing concerns over climate change, said Union minister for power and new & renewable Energy R. K. Singh.

New Delhi: In a major stride towards strengthening road safety measures, the ministry of road transport & highways (MoRTH) on Friday released comprehensive guidelines for signages on expressways and national highways. The move comes as part of the government’s commitment to enhancing road safety and ensuring a secure travel experience for drivers across the country.

(Reuters) -Huntington Bancshares beat Wall Street estimates for second-quarter profit on Friday, as it earned more from rising interest rates and saw strong demand for its commercial loans.

Prophet Muhammad was a trader who was forced to become a raider. It happened fourteen hundred years ago, in Arabia. He was so good a trader that the richest woman in Mecca, a widow, decided to marry him.

Lok Sabha elections, Trinamool Congress supremo Mamata Banerjee on Friday gave a clarion call to oust the BJP from the Centre under the newly formed opposition platform — INDIA (Indian National Developmental, Inclusive Alliance). Banerjee claimed that if the BJP government comes to power again, democracy will cease to exist in the country. «In 2024, a new India will be born for development, unity, harmony and oneness and to save democracy,» she said during a mega public rally in Kolkata on Martyr's Day.

India and Sri Lanka will conduct feasibility studies on petroleum line and land bridge connectivity between the countries in what could boost sub-regional integration in the Indian Ocean Region, Prime Minister Narendra Modi said on Friday after holding talks with visiting Sri Lankan President Ranil Wickremesinghe. The two sides announced five pacts, including a memorandum of cooperation for economic development projects in Trincomalee district of Sri Lanka and memorandum of understanding on renewable energy.

Narendra Modi has said job opportunities provided by robotics, artificial intelligence, internet of things and drones should be tapped. Speaking at a meeting of the labour ministers of G20 nations in Indore on Friday, Modi said there should be more sharing of data, statistics and information for better formulation of evidence-based employment policies and plans. In a virtual address to the conference, Modi emphasised on skilling, re-skilling and up-skilling.

NEW DELHI : A newly formed India-Australia joint working group is looking at the possibility of a mutual recognition agreement (MRA) that would help Indian whiskey makers tap into the Australian market, which has a significant Indian population and growth opportunity, two people aware of the development said. India and Australia are working together on a solution for the smoother entry of Indian whiskey to the Australian market, two people aware of the development said. A newly formed India-Australia joint working group is considering the possibility of a mutual recognition agreement (MRA) in this respect.

gig workers of the state will be registered with all the aggregators of the state. The aim of the bill is to set up a welfare fee deduction mechanism that will be integrated with the aggregator app. In case an aggregator fails to comply with the provisions of the act, the bill mentions ₹5 lakh penalty for the first offense and ₹50 lakh penalty for the subsequent offense.

NEW DELHI : IIndia and Sri Lanka on Friday agreed to start discussions on an Economic and Technology Cooperation Agreement (ECTA) and unveiled plans to cooperate on power, digital payments, connectivity and green energy. The ECTA with Sri Lanka will focus on tariff and non-tariff barriers as well as investment rules.

NEW DELHI/MUMBAI : Global anime brand Crunchyroll sees India as the second largest anime market in the world after the US and expects 60% of the global growth in the next few years in the category to come from the country. Crunchyroll, LLC is an independent joint venture between Sony Pictures Entertainment in US and Aniplex in Japan, a subsidiary of Sony Music Entertainment (Japan) Inc., both subsidiaries of Tokyo-based Sony Group Corp. “India is still a nascent market for us but we’re seeing really strong fandom for anime across the country, and not just in metros but also from tier-two and three towns.

India became the first country to make CSR mandatory, and today, more than 80% companies in India have CSR programmes. This is more than what is reported from Malaysia, Japan, South Korea, Thailand, Singapore and the Philippines, even though they are more prosperous than India. Yet, India's CSR programmes are underestimated at the global level.

Tesla (NASDAQ:TSLA) officially launch sales of their electric vehicles in Malaysia this week, marking another milestone in the automaker's ongoing efforts to broaden its global presence.

In a statement, the A&M System confirmed that President Katherine Banks took responsibility for the flawed hiring process of Kathleen McElroy, a former New York Times editor chosen to lead the journalism department's revival. The hiring decision faced significant pushback and garnered widespread national attention, with McElroy being portrayed as a victim of what was described as «anti-woke» hysteria and outside interference in the faculty hiring process. The controversy arose due to McElroy's previous work on race and diversity in newsrooms.

India a window of between three and five years to cash in on the opportunity will be well received in policy circles. India has been preparing for this eventuality for a while now. It has, over the past decade, cleaned up bad debts in the banking system, lowered corporate tax rates to internationally acceptable levels, diverted increasing chunks of the government budgets at building physical and digital infrastructure, and has rolled out incentives for local manufacturing and exports in select industries.