Country Financial News

Indian exporters are putting together traceability proofs such as geolocation coordinates of plots of land and details of their entire supply chain as they gear up to comply with the European Union's new regulation on deforestation. The EU Deforestation Regulation (EUDR) requires firms to ensure that products exported to the EU have been grown on land which has not been deforested after December 31, 2020. The regulation has implications for India's coffee, cocoa, soya, wood products, rubber and its products and leather goods exports. It prescribes fines up to 4% of a firm's annual turnover in the EU and confiscation of products and revenues gained from a transaction for non-compliance.

Traders are currently playing with the probability of the employment market rising or falling, and depending on whichever factor that overcomes the other, the further moves may be planned ahead. US treasuries have, until now, provided a standard return, of nearly 6%, and cooling inflation could yield some better results at the bond market.

While the U.S. Border Patrol has arrested tens of thousands of Chinese at the U.S.-Mexico border over the past year, thousands are making Mexico their final destination

teachers and parents to educate children so that they always behave in accordance with women's dignity, President Droupadi Murmu said today in New Delhi while presenting National Awards to teachers on Teachers' Day. The President emphasised that women's respect should be demonstrated not just in words, but also in practice. Her comments come days after she voiced concern about the Kolkata rape case and other incidences of violence against women across the country. President Murmu presented the annual National Teachers' Awards to 82 teachers from various schools, higher education institutes, and the Ministry of Skill Development and Entrepreneurship. Each award includes a certificate of merit, a monetary award of ₹50,000, and a silver medal.

soccer calendar has left some players with as little as 12% of the year to rest, which is equivalent to less than one day off per week, a report by global players' union FIFPRO said. FIFPRO, which is filing a complaint to EU antitrust regulators against world soccer governing body FIFA's international match calendar, said the lack of rest contravenes international health and safety standards and is a result of competition organisers not prioritising player welfare. A report for the 2023-24 season said 54% of 1,500 players monitored faced high workload demands, with many exceeding medical recommendations.

oil output increase for October and November after crude prices hit their lowest in nine months, three sources from the producers' group told Reuters on Thursday. Oil prices have been falling along with other asset classes on concerns about a weak global economy and soft data from China, the world's biggest oil importer. «Done,» one of the sources said. The three sources declined to be identified by name.

French liquor company Pernod Ricard, best known in France for the anise-flavored aperitif pastis, has scrapped a sponsorship deal with Paris Saint-Germain after protests from Marseille

allocation orders for three coal mines namely Machhakata (Revised), Kudanali Lubri and Sakhigopal-B Kakurhi, to NLC India Limited, Gujarat Mineral Development Corporation Limited and TANGEDCO respectively, official statement said. Of these three coal mines, one is fully explored coal mine and two are partially explored coal mines. «The cumulative Peak Rated Capacity (PRC) of the three coal mines for which Vesting Orders have been issued is 30.00 MTPA and are having 2,194.10 MT of Geological Reserves. These mines are expected to generate an Annual Revenue of Rs. 2,991.20 crores calculated on the basis of PRC and will attract Capital Investment of Rs. 4,500 crores. It will provide employment to approximately 40,560 people both directly and indirectly,» said Ministry of Coal's statement.

industrial development, with the National Industrial Corridor Development Programme (NICDP) playing a critical role. Aligned with the vision of a «Viksit Bharat,» this ambitious initiative aims to establish a grand necklace of industrial smart cities along the backbone of the Golden Quadrilateral.

Darvaza Gas Crater in Turkmenistan is a perfect example of that. More than 50 years ago, a Soviet exploratory team drilling for natural gas created this immense fiery pit, which has since become one of the country's most captivating sights, according to a report published by CNN.

Italy has approved new rules to put lucrative concessions for beach clubs up for bidding by June 2027, responding to pressing demands from the EU to open up the sector to new players

Treasury Secretary Janet Yellen is warning voters in the battleground state of North Carolina that they could lose jobs if Republicans weaken a signature Biden administration law that encourages investments in manufacturing and clean energy

Kotak Mahindra Bank topped the inaugural S&P Global Market Intelligence ranking of the 32 publicly traded Indian banks based on financial performance. CSB Bank Ltd. and Tamilnad Mercantile Bank Ltd., followed in second and third positions, respectively. The S&P rankings analyse the performance of Indian lenders based on seven weighted financial metrics, including return on average equity, net interest margin, cost-to-income ratio and nonperforming loan ratio, as of the year ended March 31. Nine of the top 10 lenders in the ranking were private sector banks, with seventh-placed Bank of Maharashtra the public sector exception.

quarterly recharge plans priced at ₹899 or ₹999, or the annual plan priced at ₹3599 during this promotional period, will receive benefits worth ₹700. According to Reliance Jio’s announcement, these plans cater to different data needs and durations.

Noida Authority’s proposal of amendments to the building by-laws, aiming to increase the Floor Area Ratio (FAR) will help in the growth of both commercial and residential segments, real estate developers said. “It will enable the construction of more units within the same land area. This will further lead to a higher supply without any horizontal expansion, keeping property prices under check while using existing infrastructure better to create a greater number of units,” said Manoj Gaur, President, CREDAI-NCR. The changes are part of the Noida Master Plan-2031 and once approved, it will boost revenue for the authority as well.

Christmas has come early in Venezuela, at least for the country’s embattled president Nicolás Maduro.

A top Kremlin official says Turkey has formally applied for a membership in the BRICS bloc of developing economies as Russia and China seek to counter the West's global influence

MSCI EM Investable Market Index (IMI) and is on track to beat the dragon in the more popular EM (emerging markets) index as well. Morgan Stanley announced that India has become the largest weighting in the MSCI EM IMI, overtaking China yesterday and its weight in the EM index is knocking on the threshold to be the largest.

Algeria's Imane Khelif won an Olympic gold medal in women's boxing, athletes and coaches in the North African nation say national enthusiasm is inspiring newfound interest in the sport, particularly among women. Khelif's image is practically everywhere, featured in advertisements at airports, on highway billboards and in boxing gyms. The 25-year-old welterweight's success in Paris has vaulted her to national hero status, especially after Algerians rallied behind her in the face of uninformed speculation about her gender and eligibility to compete. Amateur boxer Zougar Amina, a medical student who's been practicing for a year, called Khelif an idol and role model.

Bangladesh's Chief Advisor Muhammad Yunus in an interview with PTI on Thursday attacked former Prime Minister Sheikh Hasina, who is seeking asylum in India. Younus, who is a Nobel laurate, said that the former prime minister had to keep quiet if India was to «keep her until Bangladesh wants her back». This comes after Hasina made political statements, which Yunus termed «unfriendly». «No one is comfortable with her stance there in India because we want her back to try her. She is there in India and at times she is talking, which is problematic. Had she been quiet, we would have forgotten it; people would have also forgotten it as she would have been in her own world. But sitting in India, she is speaking and giving instructions. No one likes it,» he said.

Dozens of African leaders have descended on Beijing for a summit that signals China’s influence in a continent that it hopes will be a key ally in pushing back against a U.S.-led global order