Country Financial News

EBITDA, and PAT fell short of Reuters-Refinitiv estimates by 4.7%, 8.1% and 18.8%, respectively. While the fluorochemicals segment reported a weak quarter, the new fluoropolymers gained traction, led by innovations in emission controls. The management is confident about performance improvement, supported by buoyant growth prospects of the EV segment, and volume improvement in fluoropolymers. Analysts, too, are optimistic about the company’s long-term business outlook.

iPhone 16 series will be available across the world within the first few days of the launch of sales, multiple people familiar with the matter told ET. Apple is scheduled to unveil the latest range on Monday and worldwide sales are likely to begin within 10-12 days. Foxconn has commenced production of the iPhone 16 series in India, to be exported and made available in multiple cities and countries, officials said.

Amit Shah on Sunday said Parsis have made silent but immense contribution to India's development, and lauded the role of Gujarati newspaper Mumbai Samachar in that journey. Speaking after releasing documentary film 'Mumbai Samachar- 200 Not Out', which chronicles the remarkable 200-year journey of Asia's oldest newspaper, Shah said the Camas, who run it, exemplify journalism of trust. «We must respect Parsi families like the Camas, who still speak Gujarati and run a newspaper in the language. I want to say to those who fight for the rights of minorities that if there is any true minority among minorities, then it is the Parsi community. Without ever struggling for rights, they have lived their lives focussing on their duties,» Shah said. Without ever making any demand, they have contributed to every field, he added. They did their duty in fields like governance, industry, Information Technology, fintech, atomic science as well as winning the war that gave birth to Bangladesh (an apparent reference to Field Marshal Sam Manekshaw), Shah added.

festive season including lower interest rates, free insurance and longer repayment tenures. Experts said India's auto industry is saddled with nearly '80,000 crore worth of inventory. Tractor sales, which tend to pick up after good crop yield and farm product sales, have fallen over the last two months, making lenders with growing exposure in rural markets tread with caution. The rural areas account for a sizable chunk of sales for two-wheeler maker Hero Motocorp, and car makers Maruti Suzuki, Mahindra and Mahindra and Tata Motors, the leading sellers in these markets.

New Delhi: Talks on a free trade agreement (FTA) between the UK and India is expected to resume next month after a “comprehensive review" of progress so far by the two sides, two people aware of the matter said, with subjects like migration and mobility put under the scanner by the new Labour government led by Prime Minister Keir Starmer. "The fourteenth round of FTA negotiations, stalled due to the general elections in both countries, will kickstart again next month, now that elections are over and new governments have taken charge," said the first person mentioned above, speaking under anonymity. "Both sides are hoping for a quick completion of the FTA.

₹25,000-crore Maritime Development Fund this month for providing long-term and low-cost financial support for indigenous ship-building and other blue water infrastructure projects, two persons in the know of the mater said. According to them, the new fund will take a corporate structure with the government holding a minority shareholding of at least 26% and the majority shareholding offered to multilateral financial institutions and global funds, among others.

semiconductor manufacturing destination, a top Electronics and IT ministry official said on Sunday. In an interview with PTI, Ministry of Electronics and IT Secretary S Krishnan said pilot facilities of US storage semiconductor maker Micron and Tata Electronics have already rolled out chips, and their main plants in Gujarat will begin to produce made-in-India chips from the later part of 2025. «Globally, and thanks to geopolitical circumstances, there is an increasing realisation that semiconductors are a very important and strategic commodity, and therefore, we need substantial resilience in the production of semiconductors,» Krishnan said. The importance of resilience in semiconductors was underlined during the pandemic when many industries — including the auto industries, medical devices industries and other electronics, and consumer electronics industries — suffered because they did not have access to chips, which led to a belief that there should be greater diversification, especially for sourcing of semiconductors, he added.

Competition Commission of India has approved the National Investment and Infrastructure Fund's (NIIF) proposal to acquire an additional stake in Ather Energy. The deal was cleared by the competition watchdog under the green channel route. «The acquirer (India-Japan Fund) proposes to acquire certain Series G Compulsorily Convertible Preference Shares of Ather,» the regulator said in an order. India-Japan Fund (IJF) is a fund managed by NIIF. The fund focuses on investing in environmental sustainability, and low-carbon emission strategies and promoting investments by Japanese companies in India.

George Kinder wants everyone to be free.

shorturl.at/8Ze9p) has pointed out that during the 2024 Lok Sabha polls, the BJP’s share of postal ballots in these four states had reduced from its 2019 level, providing some indication of displeasure with the pension system. Postal ballots are mostly cast by senior citizens, persons with disabilities, government officials either on poll duty or serving in locations removed from their constituencies, consular staff in overseas locations and defence personnel. The sharp reduction in the share of postal ballots must have given the BJP think-tank a reason to pause and reconsider its considered stand on pension.

CRPF is moving in four battalions comprising more than 4,000 personnel in the worst Naxal-violence affected areas of Bastar in Chhattisgarh as part of a strategy to launch a «decisive battle» to match the Union government's latest resolve of ending the Maoist problem by March 2026. Union Home Minister Amit Shah, while declaring this deadline in the Chhattisgarh capital of Raipur last month, emphasised that a «strong and ruthless» plan of action was required to rid the country of Left Wing Extremism (LWE) — once termed the country's biggest internal security threat. Official sources said the Central Reserve Police Force (CRPF) — the lead internal security and anti-Naxal operations force in the country — withdrew three battalions from Jharkhand and one from Bihar for deployment in the Bastar region, about 450-500 kilometres south of Raipur. It was felt that the Naxal violence situation in these two states had improved and incidents were negligible. Hence, these battalions can be better utilised in Chhattisgarh, where the anti-Naxal operations are now concentrated, they said.

Bitcoin is trading at $54,400, with a modest 0.20% increase over the past 24 hours. While the cryptocurrency market grapples with bearish trends, Bitcoin’s adoption continues to rise, particularly in countries facing economic instability.

₹4.57 crore) investment is required to be eligible for Golden Visa. “Golden Visas are valid for 10 years and can be renewed thereafter. Once the requirements have been fulfilled, pending initial approval of the application, the successful applicant receives a six-month multiple-entry visa and travels to the UAE (United Arab Emirates) to apply for an ID card and undergo a medical check," explained Rohit Bhardwaj, country head – India and director private clients at Henley & Partners.

sports administrator Randhir Singh on Sunday became the first Indian to be elected as the president of the Olympic Council of Asia (OCA) during the 44th General Assembly of the continental body here. A five-time Olympic shooter, Randhir was the lone eligible candidate for the OCA president's post. His tenure will run from 2024 till 2028, and his election was unanimous. The 77-year-old Randhir has been the OCA acting president since 2021, filling in for Kuwait's Sheikh Ahmad Al-Fahad Al-Sabah, who was handed a 15-year ban from sports administration in May this year over ethics breaches. Randhir, who held different administrative posts in Indian and Asian sports bodies, was officially named OCA president in the presence of Sports Minister Mansukh Mandaviya and top sports leaders from all 45 countries of Asia.

It is a major development that could soon lead to mainstream adoption of crypto assets and open the stage for more investors to access digital assets.

Prakash Singh case. State governments have been loath to implement the order because it would mean political leaders relinquishing personal control over the coercive apparatus that they covet. As much as these structural reforms are desirable, we need to think of other politically feasible reforms that take us in the right direction.

Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year history

Canada can’t find work or aren’t looking, as businesses hire at a slower pace while the population continues to balloon. The number of working-age people in the country rose by 96,400 in August, Statistics Canada reported Friday, a result of the country’s rapid population growth, which is among the fastest in the world. Over 82,000 people joined the country’s labor force last month, but net employment rose just 22,100. In the last three months, Canada’s economy has created one new job for every six workers who joined the labor force on net, the lowest rate in over a year. It’s a stark deceleration from the start of the year, when the number of jobs was actually growing faster than the number of available workers.

Anil Agarwal has said. The proposed demerger will create independent companies housing aluminium, oil and gas, power, steel and ferrous materials, and base metals businesses. The existing zinc and new incubated businesses will remain under Vedanta Ltd. «Our expansionary moves are aligned with our business model transformation. The upcoming demerger of our diverse verticals that represent more than 15 commodities, will see us progress from being asset managers to asset owners,» Agarwal said in a latest report. As the company passes through the transition phase, Vedanta is focusing on consolidating and strengthening its asset base to emerge as world leaders in each of its verticals, the Chairman said.

childcare more affordable has sparked significant controversy, raising concerns about his grasp of critical policy issues. The question, posed by Reshma Saujani, an Indian-American entrepreneur and founder of Girls Who Code, aimed to understand what specific legislation Trump would support to reduce the burden of childcare costs on American families. In response, Trump launched into a 360-word answer that veered off-topic, discussing issues such as foreign taxation, economic deficits, and his broader vision for the country, rather than directly addressing the childcare question. The rambling nature of his response led to widespread criticism, with commentators and analysts highlighting the incoherence and lack of focus in his remarks. Some analysts even ran Trump’s response through artificial intelligence programs to gauge its coherence. When asked if the speaker could be considered for a job based on the answer, ChatGPT, an AI program, remarked, «Based on this answer, I would have concerns about hiring this person… This answer might suggest difficulties in articulating and implementing ideas effectively, which could be a red flag depending on the job requirements.»