Country Financial News
23.09 / 09:03
UPS
Research
wellness
Universities
country
innovations
India will have to innovate its way to developed country status
Subscribe to enjoy similar stories. India’s frugal moon mission, Chandrayaan 3, achieved the pioneering feat of landing near the south pole of the Moon. In STEM fields—of science, technology, engineering and mathematics—India and the Indian diaspora have nearly as many Nobel laureates (two in Physics, one in Chemistry and one in Medicine) as the People’s Republic of China and the Chinese diaspora (three in Physics, one in Chemistry and one in Medicine).
23.09 / 09:03
COST
Waters
Manufacturing
Strategy
country
electronic
Chip giants TSMC and Samsung discuss building middle eastern megafactories
Subscribe to enjoy similar stories. Two chip-making giants have discussed building huge factory complexes in the United Arab Emirates that could transform the industry in the coming years and become a cornerstone for artificial-intelligence investments in the Middle East. Top executives at Taiwan Semiconductor Manufacturing Co., the world’s largest chip maker, have visited the U.A.E.
23.09 / 08:57
markets
Hyundai
WhatsApp
country
Hyundai commences exports of Exter to South Africa
Hyundai Motor India on Monday said it has commenced exports of its entry level SUV Exter. The model will now be available to customers in South Africa, making it the eighth model to be exported to the country from India, the automaker said in a statement. The company has commenced the export of Exter by dispatching the first lot of 996 units to South Africa, it said. Hyundai already exports models like Grand i10 NIOS, Aura, i20, i20 N Line, and Venue, among others.
23.09 / 08:15
markets
Digital
CEO
Deloitte
country
innovations
AI will spur new jobs, roles but may impact repetitive, commoditised tasks: Deloitte South Asia CEO
artificial intelligence (AI) will most certainly lead to the creation of new roles and jobs in the economy, although some of the current functions involving «repetitive» and «commoditised» tasks may be impacted, according to Deloitte South Asia CEO Romal Shetty. In fact, more new jobs will be created than in the past given the transformative impact of AI, Shetty said and emphasised that human intervention and interface would still be key to optimising the full benefits of emerging technologies. Shetty said that AI could affect jobs that are repetitive and commoditised but will yield more opportunities for companies and workers. "...Where something is repetitive and commoditised, those jobs could be lost but will there be new jobs created, new roles created? Hundred per cent and absolutely," he said in an interaction with PTI editors at the agency's headquarters here.
23.09 / 07:47
markets
Provident
Digital
country
cover
inclusion
International
CBDCs Face ‘Chicken-and-Egg Problem’ When It Comes to Adoption: IMF
Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.
23.09 / 06:59
markets
Aviat
wellness
RAI
country
Investigations
Air safety: Naidu wants to develop aviation psychology for safer flights
K Rammohan Naidu on Monday highlighted the need for developing the area of aviation psychology as well as robust stress and fatigue management systems for the safety of aircraft operations. Ensuring continued safety is a collective responsibility as human factors are contributors to aircraft accidents, he said. The minister was speaking at the national seminar on Human Factors in Aircraft Accidents organised by the Aircraft Accident Investigation Bureau (AAIB) in the national capital. Safety measures need to keep pace with the Indian aviation sector's rapid growth, Naidu said and called for continuous skilling and upskilling of people.
23.09 / 04:03
markets
security
Strategy
Align
Trade
country
reports
The carry trade is dead. Long live the carry trade.
Subscribe to enjoy similar stories. The carry trade is an intriguing concept—both easy and difficult to grasp at the same time. Easy because, in essence, it involves borrowing money where it’s cheap and deploying it where returns are higher.
23.09 / 03:23
markets
Target
Manufacturing
economy
Research
country
Inside
China stimulus calls are growing louder — inside and outside the country
BEIJING — More economists are calling for China to stimulate growth, including those based inside the country.
23.09 / 03:23
COST
UPS
SUN
economy
country
reports
Why are so many rich Indians packing up to leave India?
Subscribe to enjoy similar stories. India is experiencing a flight of the wealthy, and that is not a great feeling. As the fastest growing large economy in the world, with its ease of doing business improving—strike-prone Kerala recently won the Centre’s prize for the best-in-class business reforms—India should be not just retaining its rich and talented, but also luring to its shores entrepreneurs from around the world.
23.09 / 02:51
markets
Analysis
Sustainability
wellness
trends
Trade
country
Can recent rebound in non-ferrous metal prices be sustained? Jenson Ong answers
«So, in nickel itself, of course, we still see continued tightness in terms of the Indonesian ore in particular which is a main supplier or main producer on a global scale for the nickel market,» says Jenson Ong, S&P Global Commodity Insights. Now, that the big Fed event is behind us, what is the outlook that you have on the non-ferrous metals because after seeing a significant fall from the May 2024 highs, the non-ferrous metal space has rebounded of late, at least from the September 9 lows that we have seen. Do you think the uptrend is sustainable and from here on, we will see a bigger recovery? Jenson Ong: The non-ferrous metals, of course, looking at the main couple of metals, like let us say nickel, aluminium, copper, for example, in terms of the rebound in prices, of course in the recent months or so, the trend is a lot of supply tightness stemming from the upstream markets of these metals for nickel for example, aluminium, upstream alumina and copper concentrates as well.
23.09 / 02:51
markets
UPS
security
Analysis
Trade
country
inclusion
Foreign banks seek easier norms for FPIs in corp debt
Reserve Bank of India to relax some norms for foreign investment in corporate debt to capitalise on surging global interest in local fixed-income instruments following the country's inclusion in a JP Morgan bond index, multiple sources told ET. «Banks, mostly foreign banks, have requested the RBI for some relaxations in norms for foreign portfolio investment (FPI) in corporate bonds such as the rule that allows FPI investment only in corporate bonds with a minimum residual maturity of above one year subject to a 30% cap,» a source aware of the developments said.
23.09 / 02:51
markets
Reuters
WSJ
country
electronic
reports
TSMC, Samsung consider building chip factories in UAE: report
TSMC and Samsung Electronics, have discussed building potential chip projects in the United Arab Emirates in coming years which could be worth more than $100 billion, the Wall Street Journal reported on Sunday. Top executives at TSMC have visited the UAE recently and talked about a plant complex on par with some of the company's largest and most advanced facilities in Taiwan, the WSJ said, citing people familiar with the interactions. South Korea-based Samsung Electronics, a maker of smartphones, TVs and memory chips, is also considering major new chip-making operations in the country in the years ahead, the paper said.
23.09 / 02:17
markets
Election
President
students
country
Investigations
International
Who is leftist leader Anura Kumara Dissanayake, Sri Lanka's newly elected president
Anura Kumara Dissanayake has emerged as Sri Lanka’s newly elected president, securing 42% of the vote in the country's first election since the 2022 economic collapse. The 55-year-old leader of the National People’s Power (NPP) coalition defeated his main rival, opposition leader Sajith Premadasa, who garnered 23% of the vote, while outgoing President Ranil Wickremesinghe trailed in third. The election witnessed a high voter turnout, with 76% of Sri Lanka’s 17.1 million electorate participating in what is seen as a crucial vote for the country's future.
23.09 / 02:17
markets
FIVE
Platform
Justice
country
social
Courts
Elon Musk's X platform takes first step toward lifting Brazil ban
Social media platform X has named a legal representative in Brazil — a first step toward being able to resume service in the country — but its suspension will continue until it meets further requirements, a judge has ruled. Brazilian Supreme Court Justice Alexandre de Moraes said in a decision published Saturday that X had still «not duly met» all requirements for ending the ban, and he gave it five days to file additional documents. The high-profile judge has been engaged in a long feud with X's owner, billionaire Elon Musk, as part of his drive to crack down on disinformation in Brazil.
23.09 / 01:57
markets
Aware
Manufacturing
wellness
country
electronic
reports
New electronics policy to have renewed focus on creating Indian brands, products
Subscribe to enjoy similar stories. Creating Indian brands with ‘priority’ products for the local as well as global markets is likely to be a key focus area of the upcoming national policy on electronics. The aim is to identify and push products with high value addition and design capabilities within the country.
23.09 / 01:57
security
economy
Election
President
show
country
Videos
Marxist Dissanayake wins Sri Lanka's presidential election as voters reject old guard
Marxist lawmaker Anura Kumara Dissanayake has won Sri Lanka’s presidential election as voters rejected the old political guard that has been widely accused of pushing the nation into economic ruin
23.09 / 01:57
UPS
Aware
security
wellness
stage
country
reports
Quick deliveries top agenda for Indian energy hunters
Subscribe to enjoy similar stories. State-run energy companies on the prowl for foreign assets will focus on projects that are already pumping oil and gas or are about to do so, two people aware of the plans said, after the endless wait for supplies from countries where India has made energy investments in the past prompts a rethink. Though it is far cheaper to invest in foreign exploration and production (E&P) projects in their early stages, the timeline to production is lengthy, something India cannot afford given its galloping energy needs, the people said on the condition of anonymity.
23.09 / 00:48
markets
COST
Provident
Enterprise
country
Department
IT companies log strong deal wins in Q2 after a long lull
deal wins are on the cards with the US Federal Reserve reducing interest rates. The country's key IT services providers globally signed at least 33 deals in July and August, data sourced by ET showed. Tata Consultancy Services alone has announced four deal wins including Ireland-headquartered fashion retailer Primark, Rolls-Royce, Sydney Marathon, and most recently McDonald's Philippines in the first two months of the second quarter. Its closest rival Infosys-which signed the second highest number (three) of deals in July after Cognizant-has closed agreements with Sector Alarm, Delaware Department of Labor, TDC Net, ServiceNow, Metro Bank, and Finnish Postal service provider Posti group.
22.09 / 20:37
markets
Parke
RAI
country
boating
yachting
Centre aims to promote Yacht tourism: Sonowal
yacht tourism and personal boating in India, ports, shipping and waterways minister Sarbananda Sonowal has said. India with 7,500 kilometres long coastline does not have a single international-standard marina. A marina is a dock, especially a fancy one used for sailboats and yachts. «Along with cruise tourism, we are going to add a new dimension by developing the ecosystem for yacht tourism in India,» Sonowal said.
22.09 / 19:55
UPS
Mobile
Food
country
reports
Ease of being women in public spaces
women's participation in the labour force is connected to increasing their presence in public spaces. And that is connected to making public spaces more accessible, safe and agreeable. Feeling unsafe outdoors isn't confined to the developing world.
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