Country Financial News

Japan is keen to make investments of around 5 trillion Japanese yen in India across various sectors including steel, Union Minister Jyotiraditya Scindia said on Thursday. The steel minister made the remarks after a meeting with a Japanese delegation led by NISHIMURA Yasutoshi, Minister of Economy, Trade and Industry of Japan, in the national capital.

Kuwait’s supervisory authorities – the Central Bank of Kuwait, the Capital Markets Authority, the Ministry of Commerce and Industry and the Insurance Regulatory Unit – have jointly issued circulars banning the use and recognition of virtual assets in the Arab nation.

ACC and Ambuja cement brands as separate entities and no plan to merge the both, the clarification was given by Ajay Kapur, chief executive officer of both cement companies, said at an annual shareholder meeting. Earlier according to some media reports the Adani Group was looking to merge both Ambuja and ACC cement entity after it acquired them from Switzerland's Holcim in 2022 and is second largest cement producer in the country after the Ultratech Cement.

primary education and healthcare, and the inclusion of women as equal participants in the nation’s growth. Today, the work participation rate for Chinese women is 60%, about three times India’s figure. Some would add to the socialist achievements the restoration of dignity to manual labour and the building of rural physical infrastructure through communal labour of a kind that market-based cost-benefit calculus would not have justified.

₹25,000 each with certain conditions," Additional Chief Metropolitan Magistrate Harjeet Singh Jaspal said. While granting bail, the Delhi court also directed the accused to not leave the country without its prior permission.

₹5,945 crore, but lowered full year growth outlook to 1-3.5 per cent amid macro uncertainties. “We had a solid Q1 with a growth of 4.2% and large deals of $2.3 billion which helps us to set a strong foundation for future growth.

Delhi grants regular bail to former Wrestling Federation of India's President Brij Bhushan Sharan Singh and the Federation's assistant secretary Vinod Tomar Singh in the sexual harassment case registered on the basis of complaints of several wrestlers. The Court imposed several conditions while granting bail to them and said the accused should not induce the complainants or witnesses directly or indirectly. The court further said that the accused shall not leave the country without the permission of the court. Court noted that the Delhi Police lawyer said that he is neither opposing nor supporting the bail application. The hearing began at 12:30 and after hearing all the arguments, the court decided to give its verdict at 4 pm.

The real estate industry has experienced significant advancements in technology in recent years, bringing about transformative changes in how business is conducted within this long-standing sector. As a vital component of the global economy, the real estate market is valued at a staggering $7,196 billion, and the integration of cutting-edge technologies promises to revolutionize its operations. In India too, the realty sector has witnessed a resurgence of immense proportion. According to a joint report by NAREDCO (National Real Estate Development Council) and EY (Ernst & Young), the real estate industry in the country is projected to grow from $200 billion in 2021 to a massive $1 trillion by the year 2030. This substantial growth signifies the immense potential and opportunities within the sector, highlighting a significant expansion in the coming decade.

Mansukh Mandaviya on Thursday said there is a need to frame universal food safety standards as well as country-specific standards after detailed discussions at global level to tackle the challenges of food contamination, lifestyle diseases and imbalance in nutrition intake. The minister was speaking after inaugurating Global Food Regulators Summit 2023 being organised in the national capital for the first time as a G20 event by Food Safety and Standards Authority of India (FSSAI). The two-day summit serves as a platform for food regulators from over 40 countries to collaborate and work together.

Karnataka Deputy Chief Minister DK Shivakumar is the richest MLA in the country. According to a report by the Association for Democratic Reforms (ADR) and National Election Watch (NEW), DK Shivakumar, the Karnataka Pradesh Congress Committee (KPCC) president, holds the title of the richest MLA with an assets worth Rs 1,413 crore. In his 2023 affidavit to Election Commission, Shivakumar had stated that he has a total of Rs 273 crore in immovable assets and Rs 1,140 crore in movable assets.

Atishi on Thursday termed «horrific» a May 4 video of two women being paraded naked in Manipur and hit out at Prime Minister Narendra Modi, saying though he had time to visit foreign countries, he hasn't yet gone to the strife-hit northeastern state. Tension mounted in the hills of Manipur after the video surfaced on Wednesday. The state has been witnessing ethnic clashes since May 3 between the majority Meitei community, concentrated in the Imphal Valley, and the tribal Kukis, occupying the hills.

extended-range artillery and infantry vehicles to meet its operational requirements along its border with China and address its «coercion and harassment», a top Pentagon official said on Thursday. The Indian and Chinese troops are locked in an over-three-year confrontation in certain friction points in eastern Ladakh.

India’s oil and gas import bill contracted by a third from a year earlier to $35 billion in the April-June quarter as prices sharply dropped, as per the oil ministry data. Crude oil worth $31.4 billion was imported during the April-June period, lower than $48.1 billion in the same period last year. The volume of oil imports marginally reduced to 60.1 million metric tonnes (mmt) in the first quarter from 60.7 mmt in the same period last year.

Since Israel’s founding, mandatory military service for Jewish Israelis has been widely embraced as a unifying force in a divided society. Now the issue threatens to tear the country apart. Israel’s ultra-Orthodox Jews, a fast-growing and potent political bloc, have long shunned military duty along with other aspects of secular society.

Self-driving technology is moving along. Britain’s Centre for Connected and Autonomous Vehicles co-funds over 90 projects. Fusion Processing is working with Asda, a supermarket, on a self-driving lorry that it hopes to test on public roads next year.

Over the past decade, Fang Fang, a retiree living in Shanghai, has grown acquainted with Hollywood’s biggest exports: James Bond. Tom Cruise. The Fast & Furious crew.

The 2022 climate law unleashed a torrent of government subsidies to help the U.S. build clean-energy industries. The biggest beneficiaries so far are foreign companies.

Sam Kerr has been ruled out of Australia’s Women’s World Cup opener against Ireland and the subsequent game against Nigeria through injury.

Exporting fighter aircraft is not just business: it, of course, brings a lot of money to the exporting country, being a big-ticket item, but it also prepares the ground for developing strategic ties with the buyer countries. Big defence deals are often part of overall strategic ties.

By Lisa Richwine and Dawn Chmielewski

Robert Habeck on Thursday said India and Germany want to further strengthen bilateral cooperation and increase investments and collaboration among companies. He arrived on a three-day visit to India on Thursday. Talking to reporters on the sidelines of the Indo-German Business Forum in New Delhi, Habeck also said China is Germany's biggest trading partner and a lot of German and European companies have invested in that country.