Country Financial News
20.07 / 18:39
Airlines
SPY
country
Economy, China on India-Lanka agenda
New Delhi: India and Sri Lanka are expected to discuss economic connectivity and China during the visit of president Ranil Wickremesinghe starting on Friday. This is the Sri Lankan president’s first visit to India since taking office after his predecessor Gotabaya Rajapaksa was swept from power amid mass protests in 2022. Wickremesinghe’s visit comes even as his country continues to grapple with a protracted economic crisis with inflation soaring at 25.2%.
20.07 / 18:39
Platform
track
country
Password policing
Netflix’s crackdown on password-sharing has reached Indian shores, with the company on Thursday announcing that only members of a household will be able to access a single account. So, those viewing Netflix through the accounts of others will now either have to bear a snap-off or subscribe independently.
20.07 / 18:39
UPS
Lowe's
Platform
stage
country
Netflix brings password sharing curbs to India
New Delhi: Streaming platform Netflix has finally decided to introduce curbs on password sharing in India, a move aimed at building scale as well as ringing in revenue growth, said media experts. However, this could result in significant decline in subscriber numbers, they added. On Thursday, the company said it would start sending out emails to subscribers sharing the service with people outside the household in India.
20.07 / 18:39
UPS
Provident
Aware
Action
stage
country
Solar
India may build solar infra in Pacific island nations amid Chinese push
New Delhi: India is considering expanding its solar STAR-C initiative, run by the International Solar Alliance, to a number of Pacific Island countries, according to persons aware of the matter. The programme aims to boost solar power ecosystems in the poorest countries. In the Pacific, it currently runs in Tonga.
20.07 / 18:39
UPS
Progressive
ICE
performer
country
HUL posts 8% rise in Q1 net profit; volumes still muted
Hindustan Unilever Ltd (HUL), the largest household goods maker in India, reported an 8% increase in profit in the June quarter as it intensified advertising and marketing expenses to tackle rising competition. However, the results slightly missed street expectations. Net profit climbed to Rs2,472 crore for the three months ended 30 June from Rs2,289 crore a year ago, the company said in a statement to the stock exchanges on Thursday.
20.07 / 17:43
Extreme
Action
show
country
social
CMS
Mamata Banerjee says CMs of states ruled by INDIA coalition parties in talks to visit Manipur
Banerjee on Thursday said that she was in talks with CMs of states ruled by parties in the opposition coalition INDIA to send a delegation to the Northeastern state. Speaking to reporters, she said «mothers and daughters» of the country are crying after seeing the May 4 video from Manipur that showed two women being paraded naked by a mob. «Today, I am extremely troubled.
20.07 / 17:33
20.07 / 17:25
20.07 / 17:25
20.07 / 17:25
20.07 / 17:25
Provident
MET
Remark
country
Yellen visits Vietnam, seeking to build US ties and supply chains, and offset tensions with China
U.S. Treasury Secretary Janet Yellen has told top Vietnamese officials that Washington considers building strong economic and security ties with Vietnam a priority
20.07 / 17:25
Target
CEO
Fighting
Nestle
Sony
country
Undue influence? Anonymous donations to World Health Organization's new foundation raise concerns
A private foundation launched in 2020 to help raise funds for the World Health Organization has reported that nearly 40% of its donations so far came from anonymous donors
20.07 / 17:25
20.07 / 17:25
UPS
Digital
PayPal
JPMorgan
country
Your paycheck could clear faster now that the FedNow instant payment service for banks has launched
The Federal Reserve has launched a new instant payment service that allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money between banks
20.07 / 17:25
20.07 / 17:25
20.07 / 17:25
Career
Entertainment
country
star
singer
pop
Pop star Shakira will face a second tax probe in Spain
Pop star Shakira is facing more trouble from Spain’s tax office after a court near Barcelona agreed to open an investigation into a second case of alleged tax fraud by the Colombian singer
20.07 / 17:25
Provident
Williams
Monarch
country
Deal
King Charles III
Public funding for King Charles III and royals has been recalculated due to windfarm deal profits
The U.K. Treasury says the amount of public funding for King Charles III and the royal family’s official duties has been recalculated for next year because of an unexpected profit boost from offshore wind farms on the monarch’s Crown Estate
20.07 / 17:03
Citi
Reuters
show
country
Oil extends gains over cautious trading on lower US crude stocks; Brent near $80/bbl
WTI crude was 35 cents, or 0.5 per cent, higher at $75.64. Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a August 21 expiry, were last trading lower by 0.05 per cent at ₹6,203 per bbl, having swung between ₹6,126 and ₹6,254 per bbl during the session so far, compared to their previous close of ₹6,206 per bbl. Brent crude prices have broken through to a higher range this month, after being stuck at $72-$78 in May and June, according to Citi analysts, after Saudi output cuts and geopolitical risks supported demand. -Oil prices fell in the previous session after data showed US inventories fell less than analysts expected.
20.07 / 17:03
UPS
show
country
More than 40 nations lining up to join BRICS bloc: South Africa
BRICS summit next month and has invited 69 global leaders to attend related events, showing the bloc’s interest in boosting its influence, according to Sooklal. South Africa will host the BRICS summit in Johannesburg between August 22-24 to which a total of 69 countries have been invited, including all African states.
20.07 / 17:03
country
foreign
Foreign exchange
India 2023 foreign exchange earnings from tourism could reach pre-covid level
₹71,235 crore compared with ₹23,584 crore in the same period in 2022, as per the ministry. To put in perspective, India earned a total of ₹2.1 trillion in foreign exchange from tourism in 2019, an increase of 8.3% year-on-year. Going by the latest data, experts believe India is well placed to meet 2019 foreign exchange earnings from the tourism industry.
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