Country Financial News

Foreign direct investment (FDI) inflows into India have crossed the USD one trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at USD 1,033.40 billion during the said period. About 25 per cent of the FDI came through the Mauritius route. It was followed by Singapore (24 per cent), the US (10 per cent), the Netherlands (7 per cent), Japan (6 per cent), the UK (5 per cent), UAE (3 per cent) and Cayman Islands, Germany and Cyprus accounted for 2 per cent each. India received USD 177.18 billion from Mauritius, USD 167.47 billion from Singapore and USD 67.8 billion from the US during the period under review, as per the data.

Guyana is revisiting a dark history nearly half a century after U.S. Rev. Jim Jones and more than 900 of his followers died in the rural interior of the South American country

Prime Minister Narendra Modi expressed his pride after Archbishop George Jacob Koovakad from Kerala was elevated to Cardinal post of the Roman Catholic Church by Pope Francis at St Peter's Bascilica in Rome. In a post on X, PM wrote, «A matter of great joy and pride for India! Delighted at His Eminence George Jacob Koovakad being created a Cardinal of the Holy Roman Catholic Church by His Holiness Pope Francis. His Eminence George Cardinal Koovakad has devoted his life in service of humanity as an ardent follower of Lord Jesus Christ. My best wishes for his future endeavours.»

food processing industry has generated employment of more than 2.89 lakh (as of October 31), the government said on Friday. According to data reported by the scheme's beneficiaries, an investment of Rs 8,910 crore has been made across 213 locations in the country, the Ministry of Food Processing Industries said in a statement. The PLI scheme for Food Processing Industry (PLISFPI) was approved by the Union Cabinet on March 31, 2021 with a budget of Rs 10,900 crore, to be implemented from 2021-22 to 2026-27.

In a reversal, President Bashar al-Assad has fled the country as his forces abandon territory with little resistance, marking a pivotal shift in the 13-year civil war. For the first time since 2018, opposition groups have breached the defenses of Damascus, signaling the growing strength of rebel factions determined to overthrow the Assad regime. The question now looms: Who are these fighters, and what comes next if they succeed in toppling Assad’s government?

The Syrian Observatory for Human Rights (SOHR) reported on Sunday that Assad may have fled Syria, citing sources that claim he departed via Damascus International Airport after a series of rapid and surprising territorial losses to advancing rebel forces. This information, however, has not been independently verified by international agencies, deepening the mystery surrounding Assad’s current location and the stability of his regime.

balloons near Taiwan between Saturday and Sunday, according to Taiwan's Defence Ministry, as Beijing ramps up pressure on the island it claims as its own. China's military activities come amid speculation Beijing might organise military drills around the island in response to Taiwanese President Lai Ching-te's recent visit to Pacific allies, including US stops in Hawaii and Guam. China claims Taiwan, a self-ruled democracy of 23 million people, as its own territory, and bristles at other countries' formal exchanges with Taiwan. The United States, like most countries, doesn't recognize Taiwan as a country but is its main unofficial backer and sells it arms.

Bashar al-Assad oversaw a merciless crackdown on a pro-democracy revolt that morphed into one of the bloodiest wars of the century. On Sunday, as rebels entered the capital, a Syrian war monitor said he had left the country, in what could spell the end not just of his 24-year rule but the downfall of his clan's five-decade reign. After facing down nationwide protests demanding his ouster and an armed rebellion that he all but crushed, Assad had — until a lightning rebel offensive — taken back control of much of Syria in the civil war that began in 2011.

Catch LIVE updates of Syrian Crisis with MintSyria War Live: X account ‘War Monitor’ hailed ‘first day in the next era of the Levant’ after rpeorts of Assad fleeing and his decade long regime falling into the hands of rebels emerged. Syria War Live: Syrian rebels say it is prohibited to go near public institutions that will remain under the supervision of the ‘former PM’, reports War MonitorSyria War Live: People celebrate in joy as military informs that the Assad regime has felled.

Subscribe to enjoy similar stories. SYRIANS HAVE seen these scenes before: their countrymen tearing down posters of Bashar al-Assad, overrunning his army bases, storming the jails where he keeps political prisoners. But that was ten years ago and more, and they had not expected to see them again, certainly not now, and not with this air of finality.

Donald Trump said on Saturday that the US military should stay out of the escalating conflict in Syria as a shock opposition offensive closes in on the capital, declaring in a social media post, «THIS IS NOT OUR FIGHT.» With world leaders watching the rapid rebel advance against Syria's Russian-and Iranian-backed president, Bashar Assad, President Joe Biden's national security adviser separately stressed that the Biden administration had no intention of intervening. «The United States is not going to… militarily dive into the middle of a Syrian civil war,» Jake Sullivan told an audience in California. He said the US would keep acting as necessary to keep the Islamic State — a violently anti-Western extremist group not known to be involved in the offensive but with sleeper cells in Syria's deserts — from exploiting openings presented by the fighting.

Textile industry insiders in Surat said they are getting enquiries for the production and supply of ready-to-wear garments from such brands. If these materialise into orders, they estimate the growth of Surat's garment sector could accelerate to 20-25%, from the current 12% a year. Textile hubs in Tamil Nadu, Punjab and Noida too could benefit from new orders, they said. While Bangladesh is the second-largest exporter of ready-made garments behind China, it is highly dependent on the fabric supplied from Surat, the textile city of India. As big brands are looking for alternative sources amid increasing political instability and law and order issues, as well as unrest among textile industry workers, in Bangladesh, Indian companies see it as an opportunity to supply more value-added products to global markets.

Tripura Police detained 10 Bangladeshi nationals, belonging to the Hindu community. These people entered India by fleeing their village due to unrest and tensions in the neighbouring country. A police officer said that the 10 Bangladeshi nationals including two women, three teenagers and an elderly person were detained from the Ambassa railway station in Tripura before boarding a Silchar (Assam)-bound train.

Manama Dialogue and co-chair a ministerial meeting. Jaishankar, in Manama on the final leg of his four-day, two-nation trip, was received by his Bahrain counterpart Dr Abdullatif bin Rashid Al Zayani. «Delighted to arrive in Manama this evening. Great to see my brother FM Dr Abdullatif bin Rashid Al Zayani,» he said in a post on X. «Look forward to participating in the Manama Dialogue tomorrow. Confident that our High Joint Commission will be very productive,» he said.

day-night Test seemed like an exciting idea, the panacea for the problem. Over the years, it seems to have lost its sheen. Except Australia, no country plays it regularly. In fact, they have hosted 13 out of 23 pink ball Tests that have been played so far. England and South Africa haven’t hosted a pink ball Test since 2017. Sri Lanka have never hosted one. India haven’t played a pink Test at home since March 2022 and there is nothing to suggest that it will change anytime soon. For all practical purposes, it has been reduced to tokenism championed by Australia whenever a touring side travels down under.

Bashar Assad was in serious trouble was 10 years ago, at the height of the country's civil war, when his forces lost control over parts of the largest city, Aleppo, and his opponents were closing in on the capital, Damascus. Back then, he was rescued by his chief international backer, Russia, and longtime regional ally Iran, which along with Lebanon's powerful Hezbollah militia helped Assad's forces retake Aleppo, tipping the war firmly in his favor. Now, as insurgents pursue a shock offensive that quickly captured not just Aleppo, but other key cities across the country's northwest and in the south, reaching the suburbs of the capital Damascus, the Syrian leader appears to be largely on his own.

Matan Zangauker in captivity on Saturday. In the video a man who introduces himself as Matan Zangauker, 24, can be seen pleading with the Israeli leaders to make a deal that would bring captives being held by Hamas in Gaza back to Israel. Mediating countries, including Qatar, see increased momentum for a possible deal that could allow the 100 hostages being held in Gaza to be released in exchange for scores of Palestinian prisoners, after Israel signed a landmark ceasefire deal with Hezbollah in Lebanon last month.

During his panel discussion at the Doha Forum in Qatar, the Foreign Minister was asked this question, to which he responded, saying, «We've been trying to attract them into the Indian sphere.» Jaishankar was adressing the 22nd edition of the Doha Forum panel on 'Conflict Resolution in a New Era' where Qatar Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thand Norway Foreign Minister, Espen Barth Eide were also present.

Archbishop George Koovakad of India will be created as a cardinal by Pope Francis, the Prime Minister's Office said on Saturday, asserting that it is a matter of immense pride for the country. The government of India has sent a delegation led by Union minister George Kurian to witness this ceremony in Vatican City. «It is a matter of immense pride for India that Archbishop George Koovakad will be created as a Cardinal by His Holiness Pope Francis,» the PMO said in a post on X.

The official alert, which came with a loud siren-like sound, warned people to stay indoors and was sent to every compatible mobile phone in the areas impacted by Storm Darragh. On Friday the UK's weather forecasters, the Met Office, issued a red weather warning — the most serious type. Thousands of homes, many in Northern Ireland, Wales and western England, were left without power overnight.