Country Financial News

Prime Minister Justin Trudeau says Canada will significantly reduce the number of new immigrants in the country after acknowledging his government failed to get the balance right coming out of the pandemic

illegal immigration in the country, in accordance to some frustrated Border Patrol agents. According to New York Post, the administration has sincerely directed the Immigration and Customs Enforcement (ICE) for expediting deportations while busing and flying the immigrants from San Diego to border towns in Texas and Arizona as they experience fewer migrants. Eminent agents have noted that this certain strategy has appeared to be focused on optics rather than putting a focus on border security while they still continue to face a huge number of illegal border crossings. New York Post noted that although there are claims that illegal border crossing has been reduced following new asylum restrictions, but the San Diego sector still remains pretty overwhelmed while facilities over there are already working beyond their capacity. Also Read :Biggest fraud? Justin Bieber may sue business managers for squandering $300 million fortune

Canada will reduce the number of new permanent residents to the country by 21 per cent by next year, Prime Minister Justin Trudeau and Immigration Minister Marc Miller announced on Thursday.

Bengaluru dominated as the country's top city for job opportunities and salary growth as it has registered a 9.3 per cent year-on-year increase, closely followed by Chennai and Delhi, a report said on Thursday. This growth underlines Bengaluru's reputation as a technology and business hub as the average monthly unified salary in the city stood at Rs 29,500, making it the highest-paying city in the country, according to TeamLease Services Jobs and Salaries Primer report for FY24. The report is based on an analysis of unified salaries across temporary and permanent hiring markets. This was closely followed by Chennai and Delhi, which reported strong salary growth of 7.5 per cent and 7.3 per cent, respectively, reflecting the competitive nature of these job markets, it noted.

Canada will take the rare step of reducing its annual immigration targets on Thursday, according to a government source.

Equifax Inc. is launching a program to allow newcomers to transfer their foreign credit history to Canada.

Subscribe to enjoy similar stories. Afcons Infrastructure Ltd, the flagship company of the Shapoorji Pallonji Group specializing in infrastructure, engineering, and construction, is set to launch its much-anticipated initial public offering (IPO) on Friday. Afcons, known for executing large-scale engineering, procurement, and construction (EPC) projects both domestically and internationally, aims to raise ₹5,430 crore, including a fresh issue of ₹1,250 crore, with shares priced between ₹440 and ₹463 apiece.

Subscribe to enjoy similar stories. Eighty years ago world leaders meeting in Bretton Woods, N.H., created the International Monetary Fund to prevent the sorts of economic imbalances that had brought on the Great Depression. Today, imbalances once again threaten global harmony.

Subscribe to enjoy similar stories. New Delhi: The European Investment Bank (EIB), which has committed to supporting India's green hydrogen sector with a €1 billion investment, is working with public sector enterprises Power Finance Corporation and Indian Renewable Energy Development Agency Ltd to identify and develop projects in the country, said Nicola Beer, vice president of the lending arm of the European Union. "We see opportunities in the green hydrogen mission of India.

Reliance Industries chairman Mukesh Ambani said in a conversation with Nvidia chief executive officer (CEO) Jensen Huang. Speaking at the Nvidia AI Summit in Mumbai on Thursday, Ambani said India is now one of the top countries in digital infrastructure, alongside the US and China. “India now has the best digital connectivity infrastructure, apart from the US and China, with 4G, 5G, and broadband systems in the world,” he said.

Russia moved to ratify a key defence pact with North Korea on Thursday, while South Korea warned it would not «sit idle» if Pyongyang deployed thousands of troops to help Moscow fight Ukraine. Seoul's spy agency says thousands of North Korean soldiers are currently training in Russia and are likely to deploy to the front lines in Ukraine soon, with thousands more to be sent by December. Lawmakers in Russia's lower house of parliament voted unanimously on Thursday to ratify a treaty with North Korea that provides for «mutual assistance» if either party faces aggression.

Turkiye struck suspected Kurdish militant targets in Syria and Iraq for a second day on Thursday following an attack on the premises of a key defense company which killed at least five people, the state-run news agency reported. The National Intelligence Organization targeted numerous «strategic locations» used by the Kurdistan Workers' Party, PKK, or by Syrian Kurdish militia that are affiliated with the militants, the Anadolu Agency reported. The targets included military, intelligence, energy and infrastructure facilities and ammunition depots, the report said. A security official said armed drones were used in Thursday's strikes. On Wednesday, Turkiye's air force carried out airstrikes against similar targets in northern Syria and northern Iraq, hours after government officials blamed the deadly attack at the headquarters of the aerospace and defense company TUSAS, on the PKK. Defence Minister Yasar Guler said Thursday that 47 alleged PKK targets were destroyed in Wednesday's airstrikes — 29 in Iraq and 18 in Syria.

Indian women's hockey team captain Rani Rampal announced her retirement on Thursday, ending a glittering 16-year career during which she became an inspiration for beating abject poverty and conservative views at a small town in Haryana where her father worked as a cart-puller. The-29-year-old will sign off as one of India's most decorated hockey players after leading the women's team to its best-ever finish at the Olympics — a fourth place at the Tokyo Games in 2021. «It's been an outstanding journey. I never thought I will play for so long for India. I have seen a lot of poverty from childhood but focus was always to do something, represent the country,» she told reporters here. A clinical forward, who made her international debut in 2008 as a 14-year-old in the Olympic qualifiers that year, Rani scored 205 goals in her 254 outings for India.

Global Capability Centers (GCCs) continue to expand in India, companies are learning that cultural alignment can significantly influence their success or failure. With over 1,800 GCCs in the country, contributing more than $65 billion annually, understanding local culture is becoming just as important as accessing India’s skilled workforce and cost-effective environment. Why Cultural Alignment Matters for GCC Operations For multinational companies setting up GCCs in India, it’s crucial to recognize that success goes beyond tapping into talent. Leaders need to understand and integrate local cultural norms to foster innovation, collaboration, and long-term success.

Artificial Intelligence and other innovative methods to check traffic violations and ensure that penalties are levied accurately, Union minister Nitin Gadkari said on Thursday. Addressing the 12th edition of the Traffic InfraTech Expo, the minister outlined plans for upgrading toll collection methods, including the exploration of satellite toll systems, which would improve efficiency and ensure transparency in toll collection. Gadkari noted that road safety cannot be achieved without integrating advanced engineering solutions, enforcement of laws, and the adoption of cutting-edge technologies like Artificial Intelligence (AI). Highlighting the ministry's approach to enhancing road safety, he said that the government has decided to appoint experts from the private sector to collaborate on developing technological solutions.

K Rammohan Naidu on Thursday said the government aims to set up 50 more airports in the next five years and pitched for further developing the country's airport ecosystem that will also help in boosting job creation. In the last 10 years, the number of airports has doubled to 157. Naidu said that 50 more airports are expected to be developed in the next five years and 200 more in the next 20 years. The minister was speaking after inaugurating the Airbus India and South Asia Headquarters — Training Centre in the national capital.

propaganda leaflets apparently carried by balloons were found scattered on the streets of the South Korean capital Seoul on Thursday, including some making personal attacks on the country's president and first lady. The leaflets attacking South Korean President Yoon Suk Yeol and First Lady Kim Keon Hee found in the capital appear to be the first instance of the North Korean government directly sending anti-South propaganda material across the border. They included graphic messages accusing the Yoon government of failures that had left his people living in despair, and describing the first couple as immoral and mentally unstable.

breast cancer awareness in a women’s coach of the Delhi Metro’s Yellow Line has ignited significant backlash due to its inappropriate language and imagery. The campaign, intended to mark Breast Cancer Awareness Month, has faced widespread criticism for referring to breasts as “oranges,” a term many deem insensitive and distasteful. The poster, created by the YouWeCan Foundation, features AI-generated images of women holding oranges on a bus, with the tagline “Check your oranges every month.”

While these forecasts cast a shadow over the future, there is a perspective from a key man of the financial world. Ben Powell, Chief Investment Strategist for APAC at BlackRock Investment Institute, believes India could benefit from the increasingly complex geopolitical environment—if the country plays its cards right. Powell said, while the global geopolitical situation may seem daunting, it could present unique opportunities for India.«When I think about a country like India, if they play the game skillfully, we can say that so far this is the case, and there is an ability to benefit from some of the geopolitical complexity, which for sure is causing worry, but also can create opportunity for those countries which are skillful and flexible enough to navigate what is a complicated environment,» Powell told ET Now.

Subscribe to enjoy similar stories. Lawrence Bishnoi, a 31-year-old vegetarian with a handlebar mustache who authorities say controls a violent gang from his high-security prison cell in India, is at the center of a diplomatic brawl between Canada and India. To Indian law-enforcement officials, Bishnoi is a “dreaded gangster" who over the past decade has made a daring prison break, threatened a Bollywood star, and found his gang accused of killing a rapper considered a rival.

At the COP28 climate talks in Dubai last year, leaders from more than 130 nations agreed to triple renewable power capacity by the end of the decade. It was one of the few tangible agreements at the annual meeting and a goal that’s crucial to cut dependence on fossil fuels that cause climate change. While the target remains achievable, current rates of clean power deployment aren’t sufficient and the rollout of wind turbines is lagging, according to the International Renewable Energy Agency.