Country Financial News

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

India and Canada has caused significant uncertainty for visa applicants, particularly students and families with ties to both countries. Amid the strained relationship, India expelled six Canadian diplomats and announced the withdrawal of its High Commissioner, following Canada's withdrawal of over two-thirds of its diplomats. The fallout may impact visa processes further, affecting students, families, and businesses alike. As tensions rise, the strained diplomatic ties could hinder direct air connectivity and lead to fewer visa approvals.

covert operations on Canadian soil. The accusations center on the alleged involvement of Indian agents in the killing of Sikh separatist Hardeep Singh Nijjar, who was shot dead in British Columbia in June last year. Canadian authorities have now claimed that Indian agents are working in collaboration with criminal gangs, including the Bishnoi gang, to carry out covert operations targeting South Asian Canadians. Canadian Prime Minister Justin Trudeau reiterated his government’s stance at a press conference, saying, “Canada will never tolerate the involvement of a foreign government in threatening and killing Canadian citizens on Canadian soil.” He emphasized that the findings of the Royal Canadian Mounted Police (RCMP) provided “clear and compelling evidence” that agents of the Indian government are engaged in activities that pose a significant threat to public safety. Trudeau detailed the evidence, stating, “This includes clandestine information gathering techniques, coercive behavior targeting South Asian Canadians, and involvement in over a dozen threatening and violent acts, including murder. This is unacceptable.”

trade ties with the country immediately, a government source said on Tuesday. Canadian funds are also not expected to change their stance on India, the source added. Relations between India and Canada plummeted on Monday after Ottawa linked India's high commissioner and other diplomats to the murder of Sikh leader Hardeep Singh Nijjar on its soil and accused New Delhi of a broader effort to target Indian dissidents in Canada.

The Slovak government and Hyundai Mobis have signed a memorandum of understanding on the South Korean company’s plan to build a plant for engines and other parts for electric cars in Slovakia

France’s new government has unveiled its 2025 belt-tightening budget bill, with plans for major tax hikes and spending cuts aimed at tackling the country’s giant deficit

Tata Group will create 500,000 jobs in the next five years on back of massive investments in facilities for manufacturing semi-conductors, batteries, electric vehicles, among others, Tata Sons Chairman N Chandrasekaran said. Chandrasekaran, who was speaking at the Indian Foundation of Quality Management (IFQM) Symposium in Delhi Tuesday said with a million people joining the workforce every month India has the potential to become the human resource capital of the world. However, there is a need to create processes for ensuring quality in product manufacturing, people and the ecosystem. Chandrasekaran said it is now India’s moment to make a mark on the world stage. The momentum in the economy, rising per capita levels, and growing demand for products and services will all propel the country forward. «We will be a significant player in the manufacturing requirements of the world,» Chandrasekaran held.

Eldos Mathew Punnoose exercised India's right of reply against Pakistan at the Joint General Debate on decolonization at the United Nations on Monday. Punnoose condemned Pakistan's «unsubstantiated allegations» regarding the Union Territories of Jammu and Kashmir and Ladakh. He emphasised the need for Pakistan to cease its ongoing human rights violations in Pakistan-occupied Jammu, Kashmir and Ladakh. Targeting Pakistan, he said, «Unsubstantiated allegations by Pakistan largely pertain to the Union Territories of Jammu and Kashmir and Ladakh. India would like to reiterate that Jammu and Kashmir and Ladakh are, were and will be an integral and inalienable part of India. Clearly, Pakistan does not merit a response on the internal affairs of India.»

Predator drones for the Indian armed forces. As part of the deal, India will also see the establishment of a maintenance, repair, and overhaul (MRO) facility for the General Atomics-manufactured drones in the country. Final approval for the mega deal was secured earlier this year during a Defence Acquisition Council meeting, with the Indian government cutting it close to an October 31 deadline set by the Americans. The Cabinet Committee on Security (CCS) only approved the deal last week. Of the 31 drones, 15 will be allocated to the Indian Navy, while the Air Force and the Army will each receive eight. The long-range drones will be armed and will add to the two that are already being leased by the Navy.

For several years, the country has fallen well short of the rosy visions proclaimed by its leaders. India should become the first major economy to industrialize without carbonizing, to paraphrase its Group of 20 sherpa Amitabh Kant. Prime Minister Narendra Modi promised to connect 500 gigawatts of clean energy by 2030, equivalent to all the generators in France, Germany and Italy put together. The picture on the ground has, until recently, been very different. A previous aspiration to hit 175 GW by 2022 came in 40% below target, and had to be fudged to avoid embarrassment. Ill-advised tariffs on solar panels, combined with contractual and political support for fossil fuels and constant changes to the rules of renewable power auctions, made matters worse.

ANSR, a consultancy that helps multinational companies set up global capability centres (GCCs) in India, has acquired a majority stake in Bengaluru-based Summit Consulting Services for Rs 45-65 crore ($5-8 million) in a cash and stock deal. The acquisition will help ANSR expand its solutions to mid-sized GCCs as they scale operations, ANSR cofounder Vikram Ahuja said. Summit Consulting will continue to maintain independent operations and serve its customers with its 45-50 employees in the company, according to people associated with the firm. Sandeep Sharma, founder and chief executive of Summit Consulting, will join the leadership team of ANSR.

Subscribe to enjoy similar stories. Artificial intelligence (AI) has been the broad theme of this year’s Nobel awards.

AI chips from Nvidia and other American companies on a country-specific basis, Bloomberg News reported on Monday, citing people familiar with the matter. The United States is focused on Persian Gulf countries, the report said, adding that this new approach would set a ceiling on export licenses for some countries in the interest of national security. The idea has gained traction in recent weeks and deliberations are in early stages and remain fluid, according to Bloomberg.

Subscribe to enjoy similar stories. Immigration is the most vexing political problem in Europe these days and guess what: It’s no longer a preoccupation only of the so-called far right. This weekend centrist Polish Prime Minister Donald Tusk became the latest European leader to try to slam the Continent’s gates shut.

Subscribe to enjoy similar stories. Wars in the Middle East and Ukraine dominate the headlines, but the Indo-Pacific remains the fulcrum of world politics and where the 21st century will take shape. While bombs fall and missiles fly elsewhere, the Chinese Communist Party is wrestling with its greatest challenges since Deng Xiaoping’s reforms fueled a generation of blistering growth in the 1980s.

Donald Trump are taking their fight for Pennsylvania to opposite ends of the state on Monday, with Harris speaking in the northwest corner in Erie and Trump in the southeastern suburbs of Philadelphia, as per a AP report. Democrat Harris and Republican Trump have been making regular appearances in what is the country's largest battleground state — it will be Harris' 10th visit to Pennsylvania this campaign season, and just last week Trump made stops in both Scranton and Reading. Pennsylvania's energy industry and natural gas fracking are likely topics as they compete for the fraction of the state's voters who have not made up their minds. Mail-in voting is well underway in the state where some 7 million people are likely to cast votes in the presidential race.

A regional partnership for Nile River basin countries says an agreement on the equitable use of water resources has come into force despite the notable opposition of Egypt

In this article

India ordered the expulsion of six Canadian diplomats on Monday and withdrew its own envoy from Canada, in response to what it said was Ottawa’s decision to name him and others as “persons of interest” in an investigation.India did not go into detail on the investigation, but relations have been fraught since 2023, when Canadian Prime Minister Justin Trudeau said he had evidence linking Indian agents to the assassination of a Sikh separatist leader on his territory.India has long denied Trudeau’s accusation. On Monday it dismissed Canada’s move on the inquiry and accused Trudeau of pursuing a “political agenda.”“We have no faith in the current Canadian Government’s commitment to ensure their security.

Subscribe to enjoy similar stories. Asia is scrutinizing China’s unprecedented efforts to keep its economy humming. If Beijing doesn’t succeed, the fallout will ripple across the region, just as economies there get onto firmer ground.

Subscribe to enjoy similar stories. KYIV, Ukraine—The war in Ukraine is barreling toward the end of its third year, with Russia pursuing relentless offensives despite heavy losses and Western leaders groping for a strategy to end the conflict. With Western weapons deliveries limited and slow, Ukraine is facing a bleak winter.