Country Financial News
03.12 / 09:29
UPS
Fighting
security
President
War
country
Zelensky signals he’s open to negotiating a peace deal
Subscribe to enjoy similar stories. KYIV, Ukraine—Ukrainian President Volodymyr Zelensky is subtly shifting his rhetoric about ending the war with Russia, suggesting that Ukraine is open to stopping the fight to regain Russian-occupied territory in exchange for membership in NATO.
03.12 / 08:01
markets
Provident
Analysis
Metro
show
country
reports
Voda Idea's revenue market share at all-time low in Q2FY25
Subscribe to enjoy similar stories. NEW DELHI : Vodafone Idea Ltd’s revenue market share declined to an all-time low of 14.5% for the quarter ended 30 September 2024, as it lost share in all circles despite having reported revenue growth for consistent quarters. Market leaders Reliance Jio Infocomm Ltd and Bharti Airtel Ltd gained at the expense of the country's No.
03.12 / 07:55
03.12 / 07:55
03.12 / 07:37
Citi
wellness
students
country
testing
Interviews
cricket
Cricket to AI: Campus recruiters riddle IIT candidates on off-syllabus topics to pick the perfect employees
Subscribe to enjoy similar stories. It’s time for riddles at IIT campus placements! Here goes: There are X number of people standing in a circle. The first one kills three, the second one kills four and so on.
03.12 / 07:11
markets
Strategy
Trade
country
social
International
Trump's BRICS tariff threat vows to defend US dollar hegemony, but is the greenback under threat?
Trump has threatened retaliation against governments that challenge the US dollar, vowing «100 percent tariffs» on countries that undercut the US currency. The Republican vowed the action on states that «create a new BRICS Currency» or otherwise «replace the mighty US dollar,» according to a post on Truth Social on Monday. BRICS refers to a grouping that includes Brazil, Russia, India, China and South Africa, and has expanded in recent years to include Iran, Egypt, Ethiopia and the United Arab Emirates.
03.12 / 00:57
markets
COST
Provident
security
Strategy
Experts
country
Open Cloud Compute: A UPI moment for AI?
But compute is awfully expensive. For a country like India, which needs scale and cheaper compute, the cost is only going to get increasingly higher, making it inaccessible to large sections. Open Cloud Compute (OCC), an initiative of People+AI is looking to solve this very issue. It is founded by EkStep Foundation, which Infosys cofounder Nandan Nilekani started in 2015 and is trying to offer an alternative for larger players by creating a network of micro data centres.
03.12 / 00:57
markets
COST
Strategy
Deloitte
Experts
country
‘Generative AI a Smarter Way of Doing Business’
ET’s Puran Choudhary, the company’s global Gen AI leader, Nitin Mittal, shared Deloitte’s “India for global, India for India” strategy. Edited excerpts: Why did Deloitte choose India for the global CoE? There are several reasons. One is the talent base both within Deloitte and the larger ecosystem, including startups, academia and institutions. The other reason is that almost every Fortune 500 company has a presence in India. In Bengaluru alone, 38% of Fortune 500 companies operate. Compare this to other regions, like the Nordic countries, where talent may exist but not at the scale or price points we find here. This dual benefit of “India for global” and “India for India” is rare, and it’s a critical factor for Deloitte.
02.12 / 22:03
Digital
Platform
Food
country
Drivers for Spanish food delivery app Glovo will become full-time employees
Thousands of delivery drivers in Spain working for the food delivery app Glovo will soon be full employees after the company announced that it was moving to an employment-based model
02.12 / 20:53
markets
UPS
economy
Trade
country
Destinations
Are we looking at the mother of all stock bubbles?
The idea of America as an exceptional nation, superior to its rivals and therefore destined to lead the world, seems passé to most observers. In political, diplomatic and military circles, the talk is of a dysfunctional superpower, isolationist abroad and polarized at home. But in the investing world, the term “American exceptionalism” is hotter than ever.
02.12 / 20:53
COST
Platform
Action
Nov
country
reports
Canada Post strike to cost small businesses $1 billion as calls for action mount
The Canada Post strike, now in its third week, is set to cost Canada’s small- and medium-sized businesses more than $1 billion by Wednesday, according to the Canadian Federation of Independent Business (CFIB). The prolonged labour dispute, which began on Nov. 15, has paralyzed operations at the Crown corporation, disrupting supply chains and dealing a significant blow to small businesses during the critical holiday season.
02.12 / 20:27
markets
UPS
Reuters
President
country
reports
Family above the country; some people above the law: Democrats blast Joe Biden for pardoning his son Hunter
Joe Biden pardoning his son Hinter in the fag end of the Presidential tenure. While some of them have directly hit out at Biden over his choice, some of them feared it was due to fear of President-elect Donald Trump's political vendetta once he takes charge. U.S. President Joe Biden said on Sunday he had pardoned his son, Hunter Biden, reversing his earlier pledge to leave the legal proceedings entirely up to the judicial system. Hunter Biden had pleaded guilty to tax violations and was convicted on firearms-related charges and faced upcoming sentencing, as per a Reuters report. The Democratic president's pardon comes as Republican President-elect Donald Trump, who has pledged to go after his political opposition, prepares to take office January 20, Reuters reported.
02.12 / 17:55
markets
UPS
Digital
Manufacturing
country
2020
rights
Why defence manufacturing still struggles to take off even after 10 years of 'Make in India'
make in India to sell in India', results have been disappointing. Between September 2020 and May 2022, defence-related FDI barely reached $65 mn, with no major JVs announced for the manufacture of complex weapon systems. In line with the 2020 revised FDI rules, GoI permitted foreign OEMs to bid for defence contracts through 74% majority-held JVs with local partners. GoI expected huge FDI inflows, and that foreign OEMs would set up JVs to manufacture and sell weapon systems. Hasn't happened. The challenge for foreign defence OEMs to manufacture here centres on three issues:
02.12 / 13:03
markets
UPS
Action
security
Experts
country
'Deeply regrettable': India on breach of premises of Bangladesh mission in Agartala
Over 50 protesters reportedly entered the premises of the Bangladeshi mission in Agartala, triggering concerns among those present at the complex. «The incident earlier today of the breach of premises at the Bangladesh Assistant High Commission in Agartala is deeply regrettable,» the MEA said.
02.12 / 12:15
markets
Strategy
economy
Research
country
reports
Pakistan's annual inflation slows down to 4.9% in November
The finance ministry had projected inflation would slow to 5.8%-6.8% in November and ease to 5.6%-6.5% in December, in a monthly economic report published last week. The South Asian country slashed interest rates by 250 basis points earlier in November to help revive a sluggish economy amid a big drop in the rate of inflation.
02.12 / 11:09
markets
Digital
awards
Experts
track
country
reports
Govt deploys advanced tech to monitor fuel stations nationwide: Parliamentary Report
retail fuel outlets, the government has implemented a comprehensive monitoring system leveraging cutting-edge technologies, according to a Parliamentary report tabled on Monday. The monitoring framework integrates advanced technologies including OTP-based calibration, magnetic self-destructive pulsers, and digital payment systems, enabling real-time data analytics across the country's fuel distribution network. The action taken report by the standing committee on consumer affairs, food and public distribution revealed that the monitoring system has been expanded nationwide, with special emphasis on high-risk areas. The regulatory mechanism, developed under the Legal Metrology Act, 2009 and Legal Metrology (General) Rules, 2011, provides a robust oversight framework.
02.12 / 10:05
UPS
Provident
Waters
community
Experts
country
Financial and community hurdles slow geothermal energy development in Southeast Asia
Positioned along the seismically active Ring of Fire, Indonesia and the Philippines have the second and third highest installed geothermal energy capacity in the world, after the United States
02.12 / 10:05
markets
COST
Volkswagen
Action
country
peace
Volkswagen workers hold 2-hour strikes to push back against proposed pay cuts and plant closures
Volkswagen workers have launched rolling two-hour strikes at nine plants across Germany to underscore their resistance to pay cuts and factory closures
02.12 / 10:05
UPS
Target
country
testing
International
What to know about the plastic pollution treaty talks in South Korea
Negotiations on a treaty to end plastic pollution have concluded in Busan, South Korea without reaching an agreement
02.12 / 09:33
markets
Action
Fighting
Experts
country
Courts
International
Landmark climate change case opens at top UN court as island nations fear rising seas
climate change and help vulnerable nations fight its devastating impact. After years of lobbying by island nations who fear they could simply disappear under rising sea waters, the UN General Assembly asked the International Court of Justice last year for an opinion on «the obligations of States in respect of climate change.» Any decision by the court would be non-binding advice and couldn't directly force wealthy nations into action to help struggling countries. Yet it would be more than just a powerful symbol since it could be the basis for other legal actions, including domestic lawsuits. «We want the court to confirm that the conduct that has wrecked the climate is unlawful,» Margaretha Wewerinke-Singh, who is leading the legal team for the Pacific island nation of Vanuatu, told The Associated Press.
02.12 / 07:37
Target
Manufacturing
awards
WhatsApp
country
Govt taking steps to help achieve GDP growth target: DEA Secy Ajay Seth
GDP growth target of 6.5%-7%, the country's economic affairs secretary said on Monday. The government expects growth to accelerate in the second half of the year, Ajay Seth said. India's economic growth slowed much more than expected in the second quarter of the financial year, hampered by weaker expansion in manufacturing and consumption, likely adding pressure on the central bank for interest rate cuts.
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