Country Financial News

Iran launched a barrage of ballistic missiles against Israel on Tuesday, the latest escalation between the two countries amid a widening conflict in the Middle East.“All Israeli civilians are in bomb shelters as rockets from Iran are fired at Israel,” the Israeli Defense Forces wrote on social media.Dozens of projectiles were shot down over Tel Aviv before they could hit any targets. It was not immediately clear who was responsible for intercepting the missiles. A series of explosions were heard in Tel Aviv and near Jerusalem.Air raid sirens could be heard across central Israel as residents were ordered to enter bomb shelters and await further instructions from officials.

The minister was asked about India's role in dealing with Russia and Ukraine. «Our public position is that we do not believe that differences or disputes between countries can be settled by war. A second public position is we do not believe that we are actually from the battlefield going to get a decisive outcome. Three is if you're not going to get a decisive outcome, at some point, in some form, there has to be a negotiation.

He made these remarks at an event hosted by Carnegie Endowment in the US. India and China have been engaged in a territorial face-off since 2020 after the Chinese Army transgressed into multiple areas from the Galwan valley to the Finger area along the Pangong lake. Speaking about ties between India and China, he said, «In terms of our own relationship with China, I think it's a long story, but the short version is that we have agreements on how to keep the border peaceful and tranquil, and those agreements were violated by China in 2020. And some of the...because we have forward deployments of our militaries, there are resultant tensions. And until those forward deployments are addressed the tensions would continue. If the tensions continue, it casts a natural shadow over the rest of the relationship. So our relationship hasn't been built for the last four years.»

Iran at Israel. Alarms sounded across the country and Israelis rushed for shelter. Reporters on state television lay flat on the ground during live broadcasts. Earlier, the military had announced that any ballistic missile strike from Iran was expected to be widespread and told the public to shelter in safe rooms in the event of an attack.

Indian embassy in Israel on Tuesday issued advisory for all the nationals to remain alert and safe amid the prevailing situation in the Middle Eastern country. The authorities have urged Indian nationals to stay 'vigilant' and 'adhere' to necessary safety protocols. In the fresh attacks, Israel's military on late Monday began what it called «limited, localised and targeted raids» against Hezbollah in south Lebanon's border areas.

Subscribe to enjoy similar stories. India’s electric vehicle (EV) market is no longer a startup playground. Bajaj Auto, a ‘legacy’ two-wheeler maker once far behind the EV race where Ola Electric and other startups were shaping the market, has nearly doubled its market share since the start of the fiscal in April.

Subscribe to enjoy similar stories. As the festival season approaches, Indian passenger vehicle makers (PV) are cautiously optimistic despite a backdrop of declining wholesale dispatches, as well as lower retail sales in September on account of an inauspicious Shraadh period taking up the second half of the month. While passenger vehicle registrations declined 5% in September on a year-on-year basis, wholesales too moderated to account for swelling inventories at dealerships.

Last week, I appeared as a witness before the House of Commons Finance Committee regarding the proposed capital gains inclusion rate increase, and it was not surprising to hear the Liberal and NDP committee members, and their witnesses, go on about how great the capital gains inclusion rate proposal is.

Hundreds of firefighters and volunteers in southern Greece are battling for a third day a large wildfire that has killed two people and devastated a large forested area

In his inaugural address to parliament, the new French Prime Minister Michel Barnier has warned that “colossal” and spiraling debts are a “sword of Damocles” hanging over the country’s finances

DGTR) is probing the dumping of 1,1,1,2-Tetrafluoroethane or R-134a; Acrylonitrile Butadiene Rubber; certain Antioxidants; polytetrafluoroethylene; black toner powder cartridge; and colled rolled non-oriented electrical steel from China. According to six separate notifications, the applicants have alleged that material injury is being caused to the domestic industry due to the dumped imports of these products originating in or exported from China into India. They have requested for imposition of anti-dumping duty on these imports with a view to guard them from cheap imports.

Monsoon season 2024 ends with 7.6% more rainfall than normal with Rajasthan, Gujarat, west Madhya Pradesh, Maharashtra, Telangana and Andhra Pradesh getting excess rainfall, said India Meteorological Department (IMD) on Tuesday even as most parts of the country are expected to receive above normal rainfall. While rainfall in October could be 115% of Long Period Average (LPA), rainfall during post monsoon season October- December is expected to be 112% of LPA. Above normal rainfall during the post monsoon season may affect harvesting process standing kharif crops – paddy, pulses and oilseeds- affecting the overall productivity. The timely arrival of monsoon is good for agriculture as most of the kharif sowing takes place in the months of June and July. The southwest monsoon provides about 70% of India's yearly rain and is vital for the agriculture sector that contributes significantly to the country’s GDP and supports over half of its 1.4 billion population.

Haryana Assembly Polls, Prime Minister Narendra Modi on Tuesday continued his consistent attacks against the Congress over SC, ST, OBC reservation, violence against Dalits, the Ayodhya Ram Temple, Jammu and Kashmir, MSP on crops, and more. The Bharatiya Janata Party leader was addressing a rally in Haryana's Palwal. «Congress kept every issue important for the country entangled… Congress did not allow Ram temple to be built in Ayodhya. Congress did not allow the Constitution to be fully implemented in Jammu and Kashmir. They deprived our sisters of reservation in Parliament and Assembly. Congress kept our Muslim sisters entangled in the problem of triple talaq. Congress did not solve the problems of the country and its citizens but instead used all its energy to establish its own family,» PM Modi said at the election campaign. «Today the whole of Haryana has to take a pledge – all those who love India will remain united, we are one and we will vote unitedly for the country. We will unite and vote for the future of our children. We will unite and vote for the safety of our daughters. We will unite and vote for jobs without any expense slips. We will unite and vote for new investments, and new jobs in Haryana. We will unite and vote for good roads and better irrigation,» he added.

regulatory norms for MedTech and pharma sectors and sought industry inputs for the same, Niti Aayog member (Health) VK Paul said on Tuesday. Speaking at an Assocham event here, he said that with changing times the regulatory framework also needs to be worked upon. «Under the ages of principal scientific adviser to the Government of India, regulatory improvements for medical technology and pharma are under active consideration,» Paul said. He sought industry participation in making the system better.

Xi Jinping issuing a stern warning that the road ahead for the Communist nation won't be smooth as it is weighed down by economic headwinds coupled with intensifying rivalry with the US and growing tensions with neighbours, including India. A large number of people attended the ceremonial flag hoisting at the sprawling Tiananmen Square in Beijing on Tuesday to celebrate the National Day as the country shut down for a week-long holiday. Other than this, there were no festivities nor grand military parades displaying China's military might like in the 60th and 70th anniversaries of the National Day, but a rallying call from Xi asking people to prepare for hard times. «The road ahead won't be smooth and flat, there will be difficulties and obstacles. [We] might face high winds and rough seas, even stormy seas,» Xi said at a banquet on the eve of the anniversary as China tries to regain economic momentum amid an increasingly challenging set of geopolitical headwinds.

monsoon season has concluded with 7.6 per cent more rainfall than the normal average, according to the India Meteorological Department (IMD). Several states, including Rajasthan, Gujarat, west Madhya Pradesh, Maharashtra, Telangana, and Andhra Pradesh, experienced excess rainfall. The monsoon is vital for India's agricultural sector, as 52% of the net cultivated area relies on it. Additionally, this rain-bearing system plays a crucial role in replenishing reservoirs that supply drinking water and support power generation across the country.

social media platforms over the last decade and a half has had a pervasive impact on the way industries function, especially in large consumer markets like India. The 'personal finance' industry in India is an apt case study, which has witnessed a significant uptick in using social media platforms by individuals/organizations. These individuals, who are largely unregulated, share information and advice with prospective investors on a range of topics covering the entire spectrum of financial planning on social media platforms like Facebook, Instagram and Twitter and many others. Their counsel covers most financial instruments, including market securities, mutual funds, insurance and pension funds. Notably, no stipulations define the eligibility criterion and qualifications under an established legislative framework in India. As a consequence, most of 'Financial Influencers' or 'Finfluencers' are ill-equipped to offer professional advice and guidance to investors, who commit their hard-earned money based on such information.

Subscribe to enjoy similar stories. When Justice B.N. Srikrishna first introduced the concept of data localization into the draft data protection law he proposed in 2018, I was not in favour of it.

Subscribe to enjoy similar stories. Imagine a world where waste is transformed into valuable resources, reducing landfill clutter while fuelling industries from construction to automotive. This isn’t a distant vision—it's happening now.

Inflation in the 20 countries that use the euro fell to 1.8% in September, below the European Central Bank’s target of 2% for the first time in more than three years

Some Verizon customers have been hit by a service outage