Country Financial News
05.09 / 06:30
COST
UPS
Aware
Sustainability
stage
country
rights
Technology is key to boost efficiency and sustainability of biofuels sector, says Ashvin Patil, Biofuels Junction
In an interaction with ET Digital, Ashvin Patil, Founder & Director, Biofuels Junction, says his company plays a critical role in the ongoing decarbonisation efforts as a supply chain partner to replace fossil fuels. Patil also explains how with the right technological solutions, India can create a more sustainable and efficient system to manage agricultural residue and promote the growth of the biofuels sector.
05.09 / 06:06
UPS
economy
students
Universities
Freedom
country
For many investors and intellectuals leaving China, it's Japan — not the US — that's the bigger draw
Well-heeled Chinese are moving to Japan in droves, buying up homes and harboring hopes for opportunities
05.09 / 05:45
UPS
Citi
Williams
wellness
country
Schools
International
Chinese families seeking to escape a competitive education system have found a haven in Thailand
Chinese families are increasingly flocking to Thailand for the country's quality international schools and relaxed lifestyle
05.09 / 05:41
Art
Booking
Manufacturing
awards
Celebrity
stage
country
Giller Prize releases long list, drops Scotiabank from name
TORONTO — The group of authors in contention for this year’s $100,000 Giller Prize has been whittled down to 12, but one name is notably absent from the list: Bank of Nova Scotia.
05.09 / 05:21
Citizens
community
Photos
War
country
Department
BJP MLA Rajkumar Imo Singh demands ban on Kuki group over alleged arms purchases
BJP MLA Rajkumar Imo Singh has sought for banning a Kuki group alleging the group has been taking financial aid to buy lethal drones, bombs and ammunition Singh, who is also the son-in-law of Chief Minister N Biren Singh, appealed to the Home Ministry to ban the Kuki group Indigenous Tribal Leaders Forum (ITLF) alleging the group has been taking financial aid to buy lethal drones, bombs and ammunition. The MLA stated in X uploaded purported photos of a person with an identity card under the name 'Haopu Vaiphei' and the words 'ITLF Drone Squad'.
05.09 / 05:14
markets
Provident
BTC
BBC
country
Features
Russian Bitcoin Miners: Industrial Players ‘Mined BTC 54,000 in 2023’
Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...
05.09 / 04:08
markets
Booking
security
wellness
country
information
reports
Prestige Estates raises Rs 5,000 crore by selling shares via QIP route
Prestige Estates Projects Ltd has raised Rs 5,000 crore by selling equity shares to institutional investors through private placement. The company had on August 29 launched its Qualified Institutional Placement (QIP) to raise funds. In a regulatory filing on Wednesday, Prestige Estates informed that a fundraising committee of the board approved the allocation of 2,98,68,578 equity shares at an issue price of Rs 1,674 apiece to eligible institutional investors.
05.09 / 04:01
UPS
Strategy
Diversity
country
exclusive
hospital
Telangana goes all out to get MNCs to open tech base in state
Telangana is wooing tech giants like Amazon Web Services (AWS) along with marquee brands across sectors including hospitality, defence and aerospace to either set up new facilities or expand their existing operations in the state. Talks were underway with AWS to pump in an additional $2 billion to expand its data centre capabilities in the state, Telangana industries and IT minister Duddilla Sridhar Babu told ET in an exclusive interaction in Hyderabad. Also, hospitality major Marriott Group is setting up its first global capability centre (GCC) in the country in Hyderabad, he said late last month.
05.09 / 03:42
FIVE
Aviat
Manufacturing
Gap
country
information
travelers
Civil Aviation Minister eyes 10-year extension for RCS-UDAN scheme
Regional Connectivity Scheme (RCS)-UDAN, Union Minister of Civil Aviation Ram Mohan Naidu Kinjarapu has said the Centre «wants» to extend it for another 10 years. The central government had launched the UDAN (Ude Desh ka Aam Nagrik) scheme on October 21, 2016, to make air travel affordable for the people. "..We have observed the huge success that the RCS UDAN scheme has achieved. So, we want to extend it for another 10 years and see what gaps are there and try to address them...Right now, we have 157 (airports), in the plan of Viksit Bharat for 2047, we are planning to improve these 157 airports to 400 airports — including waterdrome airports, heliports and everything," said Naidu on Wednesday.
05.09 / 02:39
Career
Platform
security
country
travelers
donates
rights
A Portugal Golden Visa can give you wide access to Europe. Should you apply?
The Portugal Golden Visa programme is popular among people looking to secure a residency in a European country—by investing a minimum €500,000 ( ₹4.65 crore) in specific funds that back local businesses.
05.09 / 02:25
COST
Target
Manufacturing
Research
country
consequences
China manufacturing centre of world due to US outsourcing policy: Amitabh Kant
China's emergence as the manufacturing centre of the world is largely a consequence of American policy, because if you look at the top 30 companies in the United States of America, 95% to 98% of the manufacturing is outsourced to China, India's G20 Sherpa Amitabh Kant said here on Wednesday. Both the Chips Act and the Inflation Reduction Act of USA are protectionist in character. «It's important because if you want to shift towards net zero, it will be almost impossible to do it without India. And the reason for that is that green hydrogen manufacturing firm from India today is costing $4.5 per kilogram, whereas in the US, it will cost about $7-7.5 per kilogram. The extent of subsidisation will be enormous,» Kant said at an interaction with US G20 & G7 Sherpa and Deputy NSA Daleep Singh on India-USA Economic Partnership organised by the Observer Research Foundation. «If you want the world to move towards clean energy, reach the target of net zero, you want production of the lowest cost possible. And therefore, the size and scale of manufacturing from India, which India has demonstrated through procurement of LED bulbs, the prices for procurement of large scale buses, electric buses, prices for you, it needs the size and scale of a country like India to radically bring down the price to $1 per kilogram by 2030 and that capacity to do it only India has. And that's why, if you want the world to achieve success in net zero, you need to work with partners like India.»
05.09 / 02:08
Research
President
country
electronic
innovations
information
Destinations
Karnataka wants to create 4-5 more Bengalurus: state IT minister
Karnataka wants to create 4-5 more regions like Bengaluru, India's Silicon Valley, in the state, minister for electronics and information technology and biotechnology Priyank Kharge said. Speaking at an event organised by IT industry body Nasscom, Kharge said he wants to position Karnataka not just as an investment destination, but also a space for knowledge and skills. In a fireside chat with Nasscom president Debjani Ghosh at its Design and Engineering Summit 2024 on Wednesday, Kharge said this will bring in more innovation in the country and in the next 4-5 years, Karnataka will not just be innovating for India but for the world. In a recent post on microblogging portal X, Kharge said Karnataka is the fourth largest technology cluster in the world and the leader in the country in many verticals. The southern state has over one-third of India’s tech talent and close to 25,000 startups, 52 unicorns (startups with valuation of $1 billion or more) and 47 soon to be unicorns.
05.09 / 01:56
UPS
Highways
Experts
country
More than half the highways sanctioned in FY25 are in NDA allies-ruled states
₹71,112 crore for 2024-25. Out of this, poll-bound Maharashtra gets the highest amount of ₹19,023 crore. States ruled by all-important NDA allies Andhra Pradesh and Bihar get an allocation of ₹7,266 crore and ₹10,720 crore respectively.
05.09 / 01:49
UPS
Provident
security
Strategy
Trade
country
rights
The NRI’s guide to choosing the right kind of account to invest in Indian stocks
Mint breaks down which option would be the best fit for your needs and how this choice can shape your investments. But first, what’s a portfolio investment scheme? It’s an arrangement introduced by the Reserve Bank of India to enable NRIs to invest in the stocks of Indian companies, and allows for both repatriation and non-repatriation of profits. But there are differences in PIS and non-PIS accounts that you need to consider before deciding on one.
05.09 / 01:44
Provident
Manufacturing
Death
country
reports
Schools
Traffic
Two-wheeler makers should provide helmets to vehicle buyers at a discount: Nitin Gadkari
Nitin Gadkari on Wednesday said two-wheeler manufacturers should provide helmet to the purchaser of the vehicle at a discount or reasonable rate as many people die in road accidents just for not wearing helmets. Addressing an event here, Gadkari said 50,029 people lost their lives in accidents in the country in 2022 when they were not wearing helmets. «I am thinking of requesting two-wheeler manufacturers… if they can give some reasonable discount on helmets to the purchaser of the vehicle then we can save the life of the people,» he said. The road transport and highways minister also stressed on the need to plan the parking arrangement for school buses.
05.09 / 01:44
markets
Compilation
Sustainability
performer
country
information
Mint Primer: Why India is now a ‘transparent’ property market
For the first time ever, India’s real estate market has been categorized as ‘transparent’ by the Global Real Estate Transparency Index, compiled by property advisory JLL every two years. Mint explains the index and India’s position. Launched in 1999, and conducted every two years, it categorizes real estate markets into five tiers—highly transparent, transparent, semi-transparent, low transparency and opaque.
05.09 / 01:35
markets
Coca-Cola
PepsiCo
War
country
Coca-Cola and PepsiCo lose popularity to local Cola brands due to boycott over Gaza in Muslim countries
Coca-Cola and rival PepsiCo spent hundreds of millions of dollars over decades building demand for their soft drinks in Muslim-majority countries including Egypt to Pakistan. Now, both face a challenge from local sodas in those countries due to consumer boycotts that target the globe-straddling brands as symbols of America, and by extension Israel, at a time of war in Gaza. In Egypt, sales of Coke have cratered this year, while local brand V7 exported three times as many bottles of its own cola in the Middle East and the wider region than last year. In Bangladesh, an outcry forced Coca-Cola to cancel an ad campaign against the boycott. And across the Middle East, Pepsi's rapid growth evaporated after the Gaza war started in October. Pakistani corporate executive Sunbal Hassan kept Coke and Pepsi off her wedding menu in Karachi in April. She said she didn't want to feel her money had reached the tax coffers of the United States, Israel's staunchest ally.
05.09 / 01:32
05.09 / 01:24
UPS
Citi
Manufacturing
Racing
country
testing
5G, 6G rollout will spur growth to achieve developed nation status: DoT Secretary
6G rollout which will spur the growth that is required to achieve the developed nation status, Telecom Secretary Neeraj Mittal said on Wednesday. Mittal said that the government has replaced 150 years old Telegraph Act with a new Telecommunications Act which is expected to stand the test of time for the next 20-30 years. "5G technology has been already rolled out. We are now planning for 6G. All of them will spur the growth in achieving the developed nation status that we are yearning for," he said while speaking at a public relations industry event Prana. Mittal said that the race of technology is not going to stop. He said policymakers need to visit global manufacturing hubs in countries like Vietnam and China and get their acts together to replicate the success stories in India.
05.09 / 01:05
MET
Remark
President
War
country
US-sanctioned Serbia official meets Putin, says Belgrade is an ally and won't join Western penalties
Serbia's deputy prime minister has met with Russian President Vladimir Putin and vowed that his country will remain an ally of Moscow despite its proclaimed bid to join the European Union
05.09 / 00:53
Citizens
economy
War
Celebrity
country
Investigations
International
Former Lebanese central bank governor charged with embezzling $42m in ongoing corruption probe
Three judicial officials have told the Associated Press that Lebanon has charged its embattled former central bank governor with the embezzlement of $42 million
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