Country Financial News

Tata Sons FY24 annual report. The group's digital and electronics business grew 148% to Rs 1,612 crore, with net losses widening to Rs 2,223 crore from Rs 1,723 crore. Tata Sons is the holding company of the Tata Group. Air India, privatised in 2022, recorded its highest-ever consolidated revenue of Rs 51,365 crore in FY24, a 24% increase over the previous year, driven by a growth in capacity to 105 billion available seat kilometres (ASKM) and an improvement in passenger load factor to 85%.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Coca-Cola is «segmenting India in clusters as there will be parts of the country that will accelerate that growth and capability faster than others», Henrique Braun, global EVP and president, international development at Coca-Cola, said at Barclays' Global Consumer Staples conference late Thursday. «We are segmenting the country in clusters and we truly believe that there will be parts of India that will accelerate that growth and that capability in a faster way than others. That's how we're going to start benchmarking internally,» he said. Large consumer products makers including Unilever, Nestle and Godrej Consumer Products have echoed similar views on the India market, which has been showing sharply divergent demand recovery trends, or a K-shaped recovery with uneven growth patterns post the Covid-19 pandemic.

Bangladesh's national anthem, a leading cultural organisation — Udichi Shilpi Gosthi — on Friday organised a nationwide protest against radicals demanding a new anthem and flag. In Dhaka, Udichi members and some other cultural organisations protested by singing the national anthem — written by Rabindranath Tagore. Speakers at the event said they will not tolerate any conspiracy against the country's national anthem. They also promised a united front against all malicious forces if such attempts are made.

manufacturing facility being set up in Kakinada, Andhra Pradesh, a top official of the Belgium-headquartered engineering company said. It aims to be the lowest cost manufacturer of electrolysers and plans to use the India plant an export hub, Francois Michel, chief executive of John Cockerill Group, said. The company also plans to expand its operations into steel, energy and defence, and triple its workforce in two years, he said.

AFPI chief economist Michael Faulkender provides insight on the U.S. economy on Kudlow.

The parent company of the Japanese 7-Eleven convenience store chain is turning down a takeover offer from Alimentation Couche-Tard of Canada

The Africa Center for Disease Control and Prevention and the World Health Organization have launched a continent-wide response plan to the outbreak of mpox

₹3,788 crore in 2022-23 from ₹1,502 crore a year earlier. Its losses narrowed to ₹64 crore from ₹102 crore in FY22. Hariharan's potential move to the beverage giant follows a series of recent senior appointments at Coca-Cola.

crime comedy series "Only Murders in the Building" has been renewed for a fifth season by American streaming service Hulu, a decision announced just a week after the premiere of its fourth season. Starring Steve Martin, Martin Short, and Selena Gomez, the series continues to captivate audiences with its engaging plot and stellar performances. «Only Murders in the Building» follows the lives of Charles Haden-Savage, Oliver Putnam, and Mabel Mora, three neighbors who reside in a New York City apartment building named the Arconia. Together, they launch a true-crime podcast to investigate and document the murder of a fellow resident. The show's unique blend of humor and mystery has made it a standout success. Season four, which premiered on August 27, shifts the narrative from New York City to Los Angeles. In this season, the trio grapples with the untimely death of Charles' stunt double, Sazz Pataki, played by Jane Lynch. Their investigation into whether Sazz or Charles was the intended victim takes them across the country and provides new twists and turns.

technical textile exports will cross the target of $10 billion set for 2030, textiles minister Giriraj Singh said Friday, adding that the country will soon produce niche carbon fibre which is used in aerospace, civil engineering and defence. At present, India does not produce any carbon fibre and relies on imports from the US, France, Japan and Germany. “The coming days belong to technical textiles in every sector… I am confident that in 2025-26 the niche carbon fibre product will also be with India,” Singh said at a technical textiles event organised by Ficci.

Amit Shah released on Friday the BJP's manifesto for the Jammu and Kashmir assembly polls, and asserted that Article 370 has become «history» and will never make a comeback in the Union territory. Addressing a press conference here, the senior BJP leader said the last 10-year period will be written in golden letters in the history of the country and J&K, and urged people to vote his party to power to continue good governance. Shah reached Jammu earlier in the day on a two-day visit to kickstart the BJP's campaign for the assembly polls scheduled to be held in three phases on September 18, 25 and October 1. «I have gone through the National Conference agenda. I want to make it clear to the whole country that Article 370 has become history and will never make a comeback,» the Union home minister said in his speech before releasing the BJP manifesto.

Dutch government on Friday said it would expand export licensing requirements for some ASML chipmaking equipment, effectively retaking oversight over it from the United States and aligning the two countries' policy. The United States had previously unilaterally regulated those tools, as part of its campaign to restrict access to advanced technology by Chinese chipmakers who could contribute to Beijing's technological and military advances. ASML said in a statement that it did not expect the change in oversight to impact earnings this year or in the future.

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: Wrestlers Bajrang Punia and Vinesh Phogat join the Congress in the presence of party general secretary KC Venugopal, party leader Pawan Khera, Haryana Congress chief Udai Bhan and AICC in-charge of Haryana, Deepak Babaria.Earlier, media reports had stated that Phogat is likely to contest from Julana seat, while Bajrang Punia is likely to contest from the Badli seat as Congress candidates. Badli is a Congress seat while Julana is currently held by Jannayak Janta Party's Amarjeet Dhanda.Live updates: Haryana BJP leader Anil Vij took a dig at Vinesh Phogat over joining Congress, saying what objection could they have if she wanted to become "Congress ki beti" from "desh ki beti"."...

ST Telemedia Global Data Centres (STT GDC) on Friday announced an investment of $3.2 billion (Rs 26,000 crore) to expand its data centre capacity in India by 550 megawatts over the next five to six years. This will nearly triple the Singapore-headquartered data centre company’s IT load capacity to meet the demands of India's thriving digital economy, it said in a statement. STT GDC India, in which Tata Communications holds a minority stake, has 28 data centres across 10 cities, with a combined capacity of more than 318 megawatt of IT load. It has about 1,000 enterprise customers.

Amit Shah released on Friday the BJP's manifesto for the Jammu and Kashmir assembly polls, and asserted that Article 370 has become «history» and will never make a comeback in the Union territory. Addressing a press conference here, the senior BJP leader said the last 10-year period will be written in golden letters in the history of the country and J&K, and urged people to vote his party to power to continue good governance. Read More: BJP unveils Jammu and Kashmir election manifesto: Key highlights Shah reached Jammu earlier in the day on a two-day visit to kickstart the BJP's campaign for the assembly polls scheduled to be held in three phases on September 18, 25 and October 1.

BJP leader Mukhtar Abbas Naqvi on Friday said that amid the ongoing global turmoil, India or any other democracy needs a stable government and capable leadership which can play the role of a «trouble shooter» and be a «flag bearer» of socio-economic and cultural empowerment. Addressing the «Asian Brand and Leadership Conclave 2024» organized in Haryana's Surajkund, Naqvi also said artificial intelligence does not create a «perfect leader but a proxy reader». Technology is complementary and not a compulsion to confine capability and confidence, he said. Naqvi said that a leadership emerges after being tested in the «furnace of struggle».

Mercedes-Benz India, the nation's leading luxury carmaker, argues that any tax relaxation on petrol-battery hybrids could cause industry distortion and hinder the adoption of zero-emission electric vehicles, ToI reported. Mercedes contends that lower tax rates for electric vehicles (EVs) are essential to maintain their affordability compared to petrol, diesel, and hybrid vehicles. «Today, consumers are not ready to pay a premium for a sustainable mobility solution. They want the prices (of EVs) to be the same or even cheaper if possible (and) in that context, I think a continuation of difference in taxation will help in better adoption, or faster adoption, of EVs,» said Santosh Iyer, MD and CEO of Mercedes India. Currently, the Goods and Services Tax (GST) on electric vehicles is 5%, whereas larger hybrids face a 43% tax and regular petrol cars are taxed at 48%. «So, technically the govt has a three-tier approach, and the request is to just continue the approach so that it is beneficial in the long run,» Iyer added.

Food inflation, which has moderated a bit lately is further expected to come down in the coming months, Union Bank of India noted in a report, citing progressing Southwest monsoon and sufficient water in reservoirs across regions. A rise in reservoir levels, coupled with improved sowing of kharif crops are expected to keep the supply-side concerns at bay for some time. However, the report cautioned that any negative surprise may trigger it upwards. «With at least one more month to be covered by the monsoon, any negative surprise on the monsoon front whether deficit of rain or flooding will again trigger the food price inflation on the upper side,» said the report

Bajrang Punia on Friday joined the Congress party ahead of Haryana Assembly elections. «I will always be with the congress. I will fight for women, farmers and athletes. BJP does not support them,» said Punia upon joining the party. He said that the Congress was the only party who stood by the wrestlers during the protests in December 2023. He said that the BJP IT cell had alleged that the wrestler's objective was political, but added that it was not the case. «We sent BJP a letter to stand by is, but they did not come. We sent a letter to all the women leaders of BJP but we got no support. Congress came forward without even us asking for their help,» said Punia.