Country Financial News

17.09 / 08:44
markets UPS economy show country More than 95,000 Japanese aged over 100, most of them women
The figures further highlight the slow-burning demographic crisis gripping the world's fourth-biggest economy as its population ages and shrinks. As of September 1, Japan had 95,119 centenarians, up 2,980 year-on-year, with 83,958 of them women and 11,161 men, the health ministry said in a statement.
17.09 / 08:29
markets UPS Citi Trade RAI country Bajaj Housing Finance, India’s most valuable mortgage lender, sees competition ebbing
Bajaj Housing Finance Ltd., the country’s most valuable mortgage lender following its blockbuster trading debut Monday, sees competition in the housing market easing as larger banks retreat from retail segments and switch focus to corporate credit, where demand is picking up. Sanjiv Bajaj, chairman of the home-loan unit of India’s largest shadow lender and part of one of the country’s oldest conglomerates, said banks have focused on retail business in recent years, given softer demand from corporate borrowers and this has made housing finance “a very competitive market at this point of time”. But that is changing, Bajaj told Bloomberg Television’s Haslinda Amin and Menaka Doshi, a day after the company’s shares listed to a rousing welcome from investors. As India continues to grow, “corporate lending is restarting, so hopefully there’ll be a little less margin pressure,” on the home loan business, he said, adding the firm would be looking to expand in a “sensible manner.”
17.09 / 08:23
UPS Provident Digital economy country cover reports CBDC Exploration Underway in 134 Countries, Covering 98% of Global Economy
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
17.09 / 07:25
markets FIVE Progressive Election country recommendations One Nation One Election to be implemented within Modi 3.0: Home Minister Amit Shah
Narendra Modi government nears completion of 100 days of the third term, Home Minister Amit Shah has said that 'One Nation, One Election' will be implemented within the next five years, that is before the completion of this tenure. Addressing a press conference on Tuesday, Shah highlighted the notable works carried out by the NDA government in 100 days of assuming office. «The government plans to implement one nation one poll within tenure of this govt,» he said.
17.09 / 06:23
markets community Celebrity country beautiful Features "Jinnah like mentality," Hardeep Singh Puri accuses Rahul Gandhi of crossing limit for "political interest"
Hardeep Singh Puri who is currently in the United States has severely criticised Lok Sabha Leader of Opposition Rahul Gandhi accusing him of having a "Jinnah like" mindset, that wants the nation to bleed and «foment a divisive narrative.» «He (Rahul Gandhi) never talked about the Sikhs while being in India. When they were in power, which government produced the monsters...they need to do some solid introspection, why this happened. This is a narrative anchored in total lies and. Therefore I am, not surprised that he is going around doing it but it is, I think, this thing about Muhammad Ali Jinnah, what he did, that either I want what I want, or else I will destroy it,» Puri who is in Washington DC for discussions with United States Secretary of Energy Jennifer Granholm on Monday (local time) said. «There can be some differences. But the whole beauty of democracy is to sit and address this issue...They should see the contribution of RSS for the nation. The one distinguishing feature in PM Modi government's ideology is Nation First...but he (Rahul Gandhi) is doing like Jinnah...you want to bleed it into a kind of breakup. But I want to remind them that our very old, more than 5000 years old, culture and civilization, it's an old civilization. People like this will not be able to break it, and we are a proud nation, the minister added.
17.09 / 06:22
BLOCK Fox Research Experts country rights Interviews Terry Fox’s brother says statue’s move from Parliament Hill has ‘significance’
The brother of Terry Fox is calling the move of his older sibling’s statue in Ottawa one of “significance,” now that it stands along Fox’s route through the national capital during his “Marathon of Hope.”
17.09 / 06:15
markets Cooper Sustainability country cover Department International India, US hold 2+2 Intersessional, discuss strategic and defence priorities
The officials of the Ministry of External Affairs and Defence and the US State and Defence Departments attended the 2+2 Intersessional. In a post on X, Ministry of External Affairs (MEA) official spokesperson Randhir Jaiswal stated, «India and the US held the 2+2 Intersessional today with officials from India's Ministry of External Affairs and Defence, and the U.S. State and Defense Departments. Key discussions covered bilateral strategic and defense priorities, alongside regional and global issues.»
17.09 / 03:45
markets UPS Target economy wellness country Hostile takeovers of faltering firms are integral to a competitive economy
Subscribe to enjoy similar stories. The Competition Commission of India’s (CCI) recent easing of a company takeover rule marks a welcome shift in a country where hostile acquisitions have long been viewed with alarm. Under the CCI’s revised rule, companies will no longer need its approval to acquire up to 25% of a target’s shares in the secondary market before making a formal bid.
17.09 / 03:09
UPS Digital stage country electronic reports Brookfield hit it big with towers. Here's what it has in mind next.
Subscribe to enjoy similar stories. Mumbai: Canada's Brookfield Infrastructure Partners is weighing potential investments in India's emerging semiconductor fabrication sector, even as it actively assesses opportunities in fibres, transmission lines, electric vehicles and smart meters. In the US, Brookfield has invested $15 billion in a joint venture with Intel Corp.
17.09 / 01:25
markets Trade War RAI country Updates Israel PM Benjamin Netanyahu says returning Israelis to northern areas now a war goal
Benjamin Netanyahu announced an expansion of the country's war goals on Tuesday to include the return of northern residents who fled cross-border fire traded with Hamas ally Hezbollah. «The political-security cabinet updated the goals of the war this evening, so that they include the following section: the safe return of the residents of the north to their homes,» Netanyahu's office said in a statement. Israeli forces and the Iran-backed Lebanese armed group have exchanged near-daily strikes since Hamas's October 7 attack sparked war in the Gaza Strip.
17.09 / 01:23
markets Manufacturing country travelers International Vaccines US-India partnership to solve global challenges, advance growth: DFC official
Nisha Biswal, the US International Development Finance Corporation's (DFC) Deputy Chief Executive Officer, during her travel to Mumbai and New Delhi from September 10-14, highlighted the DFC's partnership with India to advance key growth and development priorities and work with the nation to solve the world's most critical challenges, the release said. While in India, Biswal announced USD 70 million in new DFC investments to support affordable home loans in India and vaccine manufacturing, it added. She spoke at the US-India Business Council's (USIBC) India Ideas Summit about the DFC's strategic vision for driving long-term growth between both countries and the broader Indo-Pacific region.
16.09 / 21:27
markets Progressive Manufacturing economy Election Experts country It's the economy stupid! Donald Trump's promise to increase import tariffs on goods has the support of voters
US elections 2024 has been mostly about the current economic scenario of the country and his visions of making it progress further and also strengthen it over his Presidential tenure, if elected to the White House.
16.09 / 21:14
Citi Metro President students country Schools International How Cambridge and IB schools stole hearts in India's small cities
Subscribe to enjoy similar stories. Mumbai: Schools affiliated to international boards are gaining traction in India's tier-II and tier-III cities as aspirational second- and third-generation business owners and professionals with higher disposable incomes send their children to these schools. These schools, which have tuition fees upwards of ₹7-9 lakh per annum, are now offering specially trained teachers—some roped in from overseas—and infrastructure on a par with their counterparts in metros.
16.09 / 20:54
markets Waves economy wellness country reports Department Emerging markets risk 'overreliance' on MFs, BIS warns
That vulnerability has also been increased by the fact much of the money comes in through mutual funds and exchange-traded funds, the bank said in a report published Monday. «These funds display a greater sensitivity to the dollar than other investors,» analysts Gaston Gelos, Pietro Patelli and Ilhyock Shim wrote. Developing countries should broaden their investor base to avoid an «overreliance on mutual funds.»
16.09 / 20:42
markets Provident Digital Manufacturing RAI country Companies pledge Rs 32.5 lakh crore investments by FY30
Adani Green and Torrent Power Monday committed a total investment of Rs 32.45 lakh crore by FY30 in renewable energy, in a big boost for the country's green energy transition. «Developers have committed an additional 570 GW, manufacturers have committed additional manufacturing capacities of 340 GW in solar modules, 240 GW in solar cells, 22 GW in wind turbines, 10 GW in electrolysers,» Renewable energy minister Pralhad Joshi said at the Global RE-Invest Summit hosted by MNRE and CII here. Adani Green and Adani New Industries together submitted to add 50 GW renewable energy capacity, solar manufacturing of 10 GW, wind manufacturing of 5 GW, green hydrogen of 10 GW and electrolyser of 5 GW, as per an official, committing an investment of Rs 4.1 lakh crore.
16.09 / 18:59
WhatsApp President country Thierry Breton abruptly ends stint as France's EU Commissioner
Thierry Breton of France abruptly resigned from the European Commission on Monday and was replaced by Foreign Minister Stephane Sejourne as his country's candidate for the next EU executive body, an unexpected twist in the highly political EU power transition. Breton announced his resignation in a toughly-worded statement as Commission President Ursula von der Leyen-whom he accused of «questionable governance»-prepares to announce this week who will be part of her new five-year team. As France appointed Sejourne, a close ally, and a former EU lawmaker, as its new candidate, President Emmanuel Macron's office made clear he was vying for a key portfolio centered on industrial sovereignty and European competitiveness.
16.09 / 18:28
community wellness Myanmar country SOLIDARITY India 'strongly deplores' Iranian Supreme Leader Khamenei's comments on minorities; calls them "misinformed and unacceptable"
Ministry of External Affairs issued a strong condemnation of Khamenei's comments, which had criticized the treatment of minorities in India. “We strongly deplore the comments made regarding minorities in India by the Supreme Leader of Iran. These are misinformed and unacceptable. Countries commenting on minorities are advised to look at their own record before making any observations about others,” the ministry stated.
16.09 / 17:27
markets Citi FIVE RAI country exclusive Interviews Franck Muller is fully focused on India: Top Exec
Franck Muller is fully focused on the country, said Erol Baliyan, MD for Middle East, Africa and India at the luxury watch brand in an interview with ET. Ahead of Diwali, Franck Muller hopes to launch its third India focused collection and might also foray into luxury residential real estate here overtime, Baliyan told ET. The Franck Muller Aeternitas at London Gate, Dubai Marina, is set to be the world's tallest residential clock tower with 106 floors. “We are working on a very exclusive project of handcrafted 108 pieces for India and we hope to launch it before Diwali. Our real estate foray has been very successful and we want to do the third project in India. Hopefully, we will have a Franck Muller tower in the skyline in India in future,” he said.
16.09 / 16:38
markets Digital RAI Justice country Courts Shahi Idgah dispute: SC to hear on Tuesday Muslim side's plea against maintainability of suits
Supreme Court is scheduled to hear on Tuesday a plea of the Muslim side against the Allahabad High Court order rejecting their petition challenging the maintainability of 18 cases related to the Krishna Janmabhoomi-Shahi Idgah dispute in Mathura. A bench of Justices Sanjiv Khanna and Sanjay Kumar will hear the plea filed by the Committee of Management Trust, Shahi Masjid Idgah against the August 1 order of the high court. The mosque management committee's plea has been filed through advocate RHA Sikander. On August 1, the high court rejected the plea challenging the maintainability of 18 cases related to the temple-mosque dispute in Mathura, and ruled that the «religious character» of Shahi Idgah needs to be determined.
16.09 / 16:13
markets UPS Booking Mobile country International Mercedes-Benz expands EV lineup in India amid growing demand
Mercedes Benz has firmed up plans to locally assemble a second electric vehicle in the country enthused by demand for these cars, which have received bookings totalling Rs 400 crore in the past couple of weeks. The company, which launched Mercedes Benz Maybach EQS680 SUV priced at Rs 2.37 crore (on-road, Delhi) last week, has received 50 bookings for the top-of-the-line electric car. Mercedes has additionally received 80 bookings already for the electrified version of the G Wagon, which is slated to go on sale by the end of this year or early next year. Mercedes Benz EQG will be priced at Rs 3.5 crore. The company’s total order bank for internal combustion engine (ICE) and electric models together stands at about 1800-2000 units, currently. Mercedes Benz India Managing Director Santosh Iyer told ET, “There is currently no other option for emission free mobility than electrification. And we need to aid penetration by introducing electric cars at varied price points to our customers. The EQS SUV 580 will be the second electric vehicle that we assemble locally, which has helped us to price it competitively.” The EQS SUV 580 is priced at Rs 1.41 crore.
16.09 / 15:15
UPS wellness pandemic country testing Schools rights Faddish thinking is hobbling education in the rich world
Subscribe to enjoy similar stories. That the pandemic messed up schooling is well known. Between 2018 and 2022 an average teenager in a rich country fell some six months behind their expected progress in reading and nine months behind in maths, according to the OECD.

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