Country Financial News

20.07 / 17:03

COST UPS Lowe's CEO country Govt bans non-basmati rice exports to check price spike

NEW DELHI : Days after Russia pulled out of the Black Sea grain deal, risking further global food inflation, the government on Thursday banned the export of non-basmati white rice in a bid to check rising prices. Mint on 18 July reported large companies, traders and exporters are rushing to secure letters of credit (LCs) for future shipments, fearing that rising prices may trigger export curbs on some varieties of non-basmati rice.

20.07 / 16:53

UPS Platform Gap Strategy country Netflix's password sharing curbs could lift its subscriber base in India

Netflix's decision to clamp down on password sharing in India might help the streaming giant boost its subscriber base in the country, even though there is a high possibility that the platform could see a drop in shared access viewers in the short term, say media analysts. According to industry estimates, Netflix's paid base in India hovers between 8 million and 10 million. In a letter to shareholders, Netflix said it will start to address account sharing between households in almost all the remaining countries, including India.

20.07 / 16:49

Provident Cooper Entertainment Software TCS country Deal TCS bags deal from BBC for finance, payroll management

Tata Consultancy Services (TCS) on Thursday said it has bagged a deal from British Broadcasting Cooperation (BBC) to change their finance, procurement and HR applications management.The company will leverage AI-driven human-machine collaboration suite, TCS Cognix in the multi-year partnership, the company said in a BSE filing.

20.07 / 16:49

Provident MAIL Cooper Manufacturing Nano country Latin A Defence Partnership between India and Argentina

By Dr Aparaajita Pandey

20.07 / 16:49

Provident Cooper Waters Mobile Align Highways country Power International India’s Kalpataru Projects International empowers Guyana’s Gas to power project

In a historic move, India’s Kalpataru Projects International (KPIL) has signed a $159.99 million contract for providing EPC services for Transmission Lines and Substations in Guyana’s Integrated NGL Plant and 300 MW CCGT Power Plant.

20.07 / 16:21

country foreign Foreign exchange India 2023 foreign exchange earnings from tourism could reach pre-covid 2019 levels

foreign exchange earnings from tourism during the four-month period during January-April were at ₹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.

20.07 / 16:21

COST UPS Target Manufacturing ICE country View: Setting the agenda for a zero emission freight transition in India

Clean Energy Ministerial and the G20 Energy Transitions Working Group meetings kicked off this week hosted by India, we saw unprecedented focus on clean transportation transitions, bringing together national and sub-national governments as well as industry and research. A stand-out theme has been a clear intent to address hard to abate segments, specifically medium and heavy duty vehicles (MHDV) and freight operations.

20.07 / 16:21

UPS Southern country Rice export ban: Why India is so crucial to global rice trade

food ministry data, the retail price of the grain climbed about 15% in Delhi this year while the average nationwide price gained more than 8%. Shipments will be allowed on the basis of permission granted by the government to other countries to meet their food security needs and based on request of their governments, the notification said. The latest Indian government move, which has already imposed restrictions on wheat and sugar exports, would affect a large portion of global rice trade.

20.07 / 16:15

Man Action Remark show country NOT Manipur video: Issue not that it's a shame for nation but trauma inflicted on women, says Rahul Gandhi

Congress president Rahul Gandhi on Thursday said the issue is not that it's a shame for the country but the immense pain and trauma inflicted on the women of the state. Tension mounted in the hills of Manipur after a May 4 video surfaced online on Wednesday showing two women from one of the warring communities in Manipur's Kangpokpi district being paraded naked by a mob from the other side. Before the start of the Monsoon session of Parliament on Thursday, Prime Minister Narendra Modi said the incident has shamed 140 crore Indians, asserting that law will act with its full might and no guilty will be spared.

20.07 / 16:15

Provident Cooper Citizens Manufacturing Platform country social Future BRICS Nuclear medicine experts brainstorm in Moscow for future solutions

BRICS Expert Forum on Nuclear Medicine was recently held in Moscow. The Forum brought together over 200 representatives from Russia, Brazil, India, China and South Africa.

20.07 / 16:15

Provident PayPal JPMorgan Chase BNI country Fed launches long-awaited instant payments service, modernizing system

The "FedNow" service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years. FedNow is launching with 41 banks and 15 service providers certified to use the service, including community banks and large lenders like JPMorgan Chase, Bank of New York Mellon, and US Bancorp, but the Fed plans to onboard more banks and credit unions this year.

20.07 / 15:21

FIVE Action COP show country social end End forever all violence that shames each of us

In early May, the northeastern state of Manipur descended into ethnic violence, wedged in agony between warring Kuki and Meitei groups. What began as a protest against Scheduled Tribe status for the latter morphed into bloodshed, spurts of which have been reported on and off since. It took a viral video of women paraded naked by a mob to jolt the country’s establishment into an overdue recognition: Not only does the state need urgent intervention, we would fail the most basic of our national promises if we do not put a definitive end to all forms of mass violence, the brunt of which is mostly borne by women.

20.07 / 15:21

UPS Action Enterprise Discover country Seeing forests everywhere: A cure is finally within sight

Lawmakers are set to discuss the Forest Conservation (Amendment) Bill, 2023, in the monsoon session of Parliament that started on Thursday. This is a rare opportunity for India to correct a 27-year-old policy logjam that is holding up growth and employment opportunities, without helping the country substantially conserve our forests. The Forest Conservation Act, as it stands, requires that approval from state authorities and the Centre must be obtained before any non-forest activity can be undertaken on any land that may have been notified as ‘forest’.

20.07 / 14:27

CEO Action Strategy Enterprise awards track country Indian Nanyang Technological University and Indian Ministry of Education announce winners of the Singapore India Hackathon 2023

Singapore-India Hackathon, jointly organised by India's Ministry of Education's All India Council for Technical Education (AICTE) and Nanyang Technological University, Singapore (NTU Singapore). In a message from PM Modi, he said, “The mantra of the G20 Presidency, ‘One Earth, One Family, One Future’, is Vasudhaiva Kutumbakam. The Singapore-India Hackathon is an initiative that encapsulates this noble thought." India’s Minister for Education, Skills Development and Entrepreneurship, Mr Dharmendra Pradhan, and Singapore’s Deputy Prime Minister, Mr Lawrence Wong presented the prizes to winning teams of the student and start-up categories. Minister Pradhan highlighted at the awards ceremony: “Singapore is a knowledge-based economy.

20.07 / 14:11

Target Amazon Disney Fighting show country Time Netflix falls as benefits from password sharing crackdown to take time

Netflix tumbled 6% on Thursday after lackluster revenue growth sparked concerns it could take longer for the video-streaming pioneer's new money-making ventures to drive growth. The company added nearly 6 million subscribers in the second quarter — almost triple of what Wall Street expected — thanks to a crackdown on password-sharing and the introduction of a cheaper subscription tier that comes with advertising. However, quarterly revenue growth and forecast lagged estimates and co-Chief Executive Officer Greg Peters it would take «several quarters» to see returns from those efforts.

20.07 / 14:11

UPS FIVE TCS SENSEX country place HDFC Bank becomes 2nd most valuable company; TCS falls to 3rd place

HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services. At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore more than TCS' Rs 12,66,891.65 crore valuation on the BSE. Shares of HDFC Bank ended at Rs 1,688.50 apiece, up 0.22 per cent on the BSE.

20.07 / 14:01

Target FIVE Citizens Mobile country social end EV industry to create 5 million jobs by end of next decade: Suman Bery

New Delhi: The electric vehicle industry’s growth in India is expected to create around five million jobs by the end of next decade, an official statement from NITI Aayog said on Thursday. The statement quoted Vice Chairman Suman Bery speaking at a conference in Goa highlighting the growth prospects of the emerging sector.

20.07 / 13:15

Target Cooper Aware Platform country social prevention Implement food waste prevention programmes for food security: Amitabh Kant

India G20 Sherpa Amitabh Kant on Thursday made a strong case for food waste prevention programmes globally to reduce food insecurity and mobilise private funding for research in sustainable agriculture. Kant was addressing the maiden Global Food Regulators Summit 2023 here. «This is the first time a meeting of this nature is being held during India's G20 presidency.

20.07 / 12:31

COST NIFTY country jio financial jio financial services services valuation Financial Jio Financial Services boasts implied market cap of ₹1.6 lakh crore; Is this high valuation justified?

Reliance Industries Ltd (RIL), has unsettled shadow lenders space in the country by claiming the second spot. Post demerging with RIL on Thursday, Jio Financial Services (JFSL) boasts off an implied market capitalisation of ₹1.6 lakh crore, that's way behind Bajaj Finance m-cap of ₹4.59 lakh crore, but significantly higher to its contemporaries in the space. Shares of Jio Financial will remain at ₹261.85 until it lists on the bourses. However, upon listing, Jio Financial Services will surpass Cholamandalam Investment and Finance which has an m-cap of over ₹95,000 crore, being the second largest NBFC presently.

20.07 / 12:31

Target Extreme Action Strategy country concert Demystifying climate justice

greenhouse gas emissions, has led a successful effort to adopt a United Nations resolution that seeks a legal opinion from the International Court of Justice (ICJ) on states’ obligations to tackle climate crisis. This is a significant step towards holding polluting countries legally accountable for their contributions to climate change and the consequences of their inaction. However, despite the strides made by nations like Vanuatu, there is a clear inequity in how climate change affects the world.

20.07 / 12:31

UPS Provident Airlines Assurant SPY country Power Talks on trade, power, China on the cards as Sri Lanka president visits India

New Delhi: India and Sri Lanka are expected to discuss economic connectivity and China during the visit of president Ranil Wickremesinghe, who arrives in New Delhi today. This is Wickremesinghe’s first visit to India since taking office after his predecessor, Gotabaya Rajapaksa, was swept from power after mass protests in 2022. The visit comes even as Sri Lanka continues to grapple with a protracted economic crisis.

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