Country Financial News
31.08 / 17:40
Fighting
WhatsApp
wellness
Myanmar
country
Courts
Investigations
NIA chargesheets 10 accused in Mizoram arms, explosives seizure case
Mizoram arms and explosives seizure case connected with Myanmar-based insurgent groups. In a statement NIA stated all 10 accused have been charged with active involvement in the arms, ammunition and explosives trafficking network operating on the Indo-Myanmar border. They have been charge-sheeted under various sections of IPC, Arms Act and Explosive Substance Act. The chargesheet, filed before the NIA Special Court, Aizawl, Mizoram, identified the accused as Lalrintluanga, Laldinpuia, Zoremsanga, Lalbiaktluanga, Lalrinsanga, Zothanmawia, Henry Siangnuna, J Rohlupuia, Laldinsanga & David Lalramsanga, who included some Myanmar-based absconders. The case was registered in May 2022 following the seizure of a large quantity of explosives, firearms and ammunition from two vehicles at the outskirts of Kelsih Village, under Kulikawn PS, Aizawl district.
31.08 / 16:33
Target
Assurant
President
War
country
reports
India's 'Nostradamus' predicts when the Russia-Ukraine conflict could end!
Indian Nostradamus certainly has hopes! In one of his most recent predictions, astrologer Kushal Kumar (also known as the Indian Nostradamus), hinted that the conflict between Ukraine and Russia has a hope of being resolved, as both countries are becoming rather relentless in the path of mutual assured destruction. However, there’s a glimmer of hope.
31.08 / 15:56
BLOCK
Platform
Instagram
country
social
Courts
Why Brazil’s Supreme Court blocked X and what it means for the platform
Brazil's Supreme Court has ordered the suspension of X, formerly known as Twitter, after a protracted legal battle with the social media platform's owner, Elon Musk. The Court mandated this suspension due to the company's failure to appoint a new legal representative in Brazil within the deadline set by Supreme Court Judge Alexandre de Moraes. The decision affects approximately 40 million Brazilian users who will lose access to the platform within 24 hours, making it the latest addition to the list of countries that have banned or suspended the social media service. The legal confrontation between X and Brazilian authorities began in April when Judge de Moraes ordered the suspension of multiple X accounts accused of spreading disinformation, a directive with which the company did not comply. This defiance led to the current suspension order. The judge also imposed a fine of 50,000 reais (Rs. 7.47 lakh) for any attempts to circumvent the block, such as using a VPN. In response to the decision, Elon Musk stated, «Free speech is the bedrock of democracy, and an unelected pseudo-judge in Brazil is destroying it for political purposes.»
31.08 / 15:00
WhatsApp
shooting
show
country
athletics
Paris Paralympics: Rubina Francis wins bronze in air pistol SH1 event, fourth medal for India in shooting
Rubina Francis won a bronze medal in the women's air pistol SH1 event final to continue the strong show from the country's shooters in the Paris Paralympics on Saturday. Rubina scored a total of 211.1 to finish third in the eight-woman final. She had qualified for the final at seventh spot in the qualification round earlier in the day. This was India's fourth medal in shooting and fifth overall at the Paris Paralympics. On Friday, Avani Lekhara had created history by successfully defending her women's 10m air rifle gold medal which she had clinched in Tokyo Paralympics, with compatriot Mona Agarwal clinching the bronze.
31.08 / 13:58
markets
Provident
Reuters
performer
country
reports
Investigations
Aviva says India unit 'engaging' with authorities over tax investigation
Aviva said on Saturday its India unit is «actively engaging» with local authorities in connection with alleged tax evasion practices. Reuters reported on Friday that an Indian tax agency has found that Aviva India breached local regulations capping commissions to sales agents with a system of fake invoices and clandestine cash payments between 2017 and 2023. Aviva's India business paid about $26 million to entities who purportedly provided marketing and training services, but they did not perform any work and were actually a front for channeling funds to Aviva's agents, the tax agency said in a Aug. 3 notice reviewed by Reuters.
31.08 / 13:55
markets
Digital
Cooper
WhatsApp
country
travelers
Cambodia expects number of Indians visitors to increase 3-4 times in 2024
Cambodia is eyeing to increase Indian tourists' footfalls by 3-4 times in the current year as a robust growth in India's tourism sector presents huge potential for the Southeast Asian nation, a Cambodian tourism ministry official said. «We have launched Cambodia-India Tourism year for the first time this year to tap the Indian market which has potential, as the country's tourism is booming. We are witnessing a positive momentum and expect that there will be a lot more tourists from India. We expect to increase, maybe, 3-4 times in terms of the number at the moment that we have,» Cambodia's Minister of Tourism Hul Seila told PTI over phone on the sidelines of Business, Leisure, Travel and MICE Tourism Exhibition 2024 (BLTM). In 2023, Cambodia hosted 68,836 India travellers. The figure was over 91 per cent of the pre-Covid (2019) levels, he said. In 2019 Cambodia received 75,286 visitors from India. This year, in the first six months (January-June 2024) the number of tourists coming from India to Cambodia was around 32,000-33,000, around 17 per cent more compared to the figure of the same time a year ago, he said.
31.08 / 12:25
Provident
Digital
economy
community
country
inclusion
innovations
ET Word Leaders Forum: Visa’s Kelly Mahon Tullier talks on India's women entrepreneurs, financial innovation
Visa is focusing on leading the digital economy with more women entrepreneurs, said Kelly Mahon Tullier, Vice Chair and Chair People and Corporate Affairs Officer at Visa. She was speaking at the Economic Times World Leader Forum being held in New Delhi on Saturday. «The purpose of Visa (company) is to uplift the world by engaging them in the digital economy...Visa is so much more than a credit card,» she said in the session called The New Paradigm of Payments, chaired by Arijit Barman, Associate Editor, The Economic Times. Tullier also spoke on Visa's work with uplifting women in India in collaboration with United Way of Mumbai.
31.08 / 11:28
FIVE
Progressive
economy
Diversity
country
Destinations
Tourism’s contribution to economy will exceed global average in next 5 years: Gajendra Singh Shekhawat at ET WLF
Gajendra Singh Shekhawat at The Economic Times World Leaders Forum on Saturday. “In the global economy, the contribution of tourism is about 10.4%. Compared to that we are at 7.9%. Our 7.9% contribution to the economy is going to be more than 10%. And we will exceed the global average in the next five years,” said Shekhawat as he spoke about Destination India and driving tourism to new heights. “By 2047, when the country will be on the cusp of being Viksit Bharat, one of the most crucial agents for driving that vision will be tourism. The world is looking at India with a new sense of curiosity,” he added.
31.08 / 11:20
UPS
Dreams
President
country
hospital
Headlines
ET WLF: Top tycoons weigh up the India opportunity, explore ways to power a billion dreams
ET WLF: At the ET World Leaders Forum event in New Delhi on August 31, a session headlined «The India opportunity: Empowering a billion dreams» generated high interest owing to the issues discussed and the quality of the conversation. The esteemed participants of the session were Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited; Rohit Jawa, President, Unilever, South Asia & CEO & Managing Director, Hindustan Unilever Limited (HUL); Preetha Reddy, Executive Vice Chairperson, Apollo Hospitals; and William Bissell, Managing Director, Fabindia. Preetha Reddy explained how keeping people out of the hospitals and keeping them healthy has become THE mandate.
31.08 / 10:32
UPS
security
Banner
country
Olympics
SOLIDARITY
Wrestler Vinesh Phogat takes up farmers' cause, joins protesters at Shambhu border
Wrestler Vinesh Phogat took up the farmers' cause by joining protesters at the Shambhu border (located between Punjab and Haryana) on August 31, demanding that the central government address their demands. The farmers, marking 200 days of the 'Delhi Chalo' agitation, have been seeking a legal guarantee for Minimum Support Price (MSP) among other demands. Phogat, who faced disqualification in the recent 50-kg final match at the Paris Olympic Games, was felicitated by the farmers. She expressed her solidarity with their cause. Farmers under the banners of Samyukt Kisan Morcha (Non-Political) and Kisan Mazdoor Morcha organized a 'kisan mahapanchayat' to commemorate 200 days of their protest. They have been demonstrating at the Shambhu and Khanauri border points since February 13, following a blockade by security forces.
31.08 / 10:31
Maxim
Progressive
Remark
pandemic
country
hospital
ET WLF 2024: Industry leaders on how to boost India's tourism on the global map
ET World Leaders Forum. Magow emphasised, «Addressing these factors is essential for enhancing India's appeal as a global tourist destination,» reflecting a strategic approach to maximizing India’s tourism potential. Despite the progress, Magow acknowledged that the sector is still recovering from the COVID-19 pandemic, stating, «We have just reached 85% of the recovery post-COVID.» He further remarked on the global attention India is receiving, suggesting that the country's tourism industry is poised for significant growth. The rapid development of infrastructure in India is transforming the nation's tourism landscape, with significant benefits for the hospitality sector. Puneet Chhatwal, Managing Director and CEO of The Indian Hotels Company Limited (IHCL), underscored the sector's pivotal role in this transformation.
31.08 / 06:12
Manufacturing
security
WhatsApp
Food
pandemic
country
ET World Leaders Forum: India has a special China problem, over and above the world’s China problem, says Jaishankar
Dr S Jaishankar said at the ET World Leaders Forum referring to the challenges that the world faces in today's time. Jaishankar explained that there are different forms of risks that pose a threat to the globe, including pandemics and climate change. In a conversation with ET's Pranab Dhal Samanta, Jaishankar said that risks are coming out of changes happening in the world. With respect to the emerging risks, the EAM said that every government today is constantly and cautiously assessing risks. These risks also expand to the global supply chain, he added.
31.08 / 04:23
UPS
Waters
security
country
reports
Japan's defense ministry seeks record budget as it faces growing threat from China
Japan’s Defense Ministry has sought a record 8.5 trillion yen or $59 billion budget for the next year to fortify its deterrence on southwestern islands against China’s increasing threat
31.08 / 03:24
BLOCK
Google
Platform
Apple
country
social
Courts
Brazil watchdog moves to block access to Elon Musk's X after court order
Brazil's telecommunications regulator said on Friday it was proceeding to suspend access to Elon Musk's X social network in the country in compliance with an order from a judge who has been locked in a months-long feud with the billionaire investor. The move followed the expiry of a court-imposed deadline for the popular social media platform to name a legal representative in Brazil. Musk has argued that Supreme Court justice Alexandre de Moraes is trying to enforce unjustified censorship, while the judge has insisted that social media needs hate speech regulations.
31.08 / 02:14
markets
COST
UPS
FIVE
Enterprise
country
Adani Group can double local debt exposure: CFO
Adani Group can double its debt exposure to the domestic capital markets to 10% of the conglomerate's total loans so long as the instruments used to raise funds mature within five years, said the group's chief financial officer, Jugeshinder Singh. Indian capital markets currently account for about 5% of Adani Group's total outstanding borrowings, or ₹12,404 crore, as of March-end, 2024.
31.08 / 01:24
markets
Target
FIVE
Digital
Boxing
country
International
Black Box looking for partnerships, M&A in India market
Digital infrastructure firm Black Box is looking for partnerships or mergers and acquisitions to enter the Indian market, which is the most lucrative data centre opportunity for the next three to five years, said Sanjeev Verma, a wholetime director of the Essar Group subsidiary. The systems integrator serves top tech companies in more than 35 countries. It offers data centre services, along with connectivity and networking infrastructure. The company is aiming to achieve $2 billion in revenue in the next four years, Verma said.
30.08 / 22:11
Racing
Election
country
2020
prevention
Courts
Colleges
Will Trump challenge U.S election results if he loses? Things may be difficult this time
Donald Trump, would not accept the outcome if he is defeated in the 2024 election. He's been outspoken about the Democrats' decision to replace Joe Biden with Kamala Harris, referring to it as a «coup» and suggesting that the results are already predetermined. Though rare, Trump and his allies still insist that voting by non-citizens is commonplace. In addition, he said that he would only accept the election results if he thought that «everything's honest,» implying that he was prepared to contest the results if he had second thoughts, as per the reports of MSN. It's possible that the winner of the Trump-Harris race won't be clear by November 6, the day after the election. Issues may also arise during the weeks before Congress counts the Electoral College votes on January 6. Trump's campaign co-manager hinted at a possible legal and political battle following the election, emphasizing that the outcome isn't final until the inauguration. The close race increases uncertainty on Election Day and beyond, with states like Pennsylvania and Wisconsin lacking laws to process mail-in ballots quickly, potentially leading to a scenario where Trump appears ahead on election night, only to see his lead diminish as more votes are counted. Also Read :The Kamala phenomenon may not last forever; here's how she could still lose 2024 US elections
30.08 / 22:02
30.08 / 21:23
Action
economy
film
President
country
recommendations
Interviews
Kamala Harris: I will do this on the first day of my Presidency
Kamala Harris reveals what she would do on day one of being president. When asked about her early actions during her first interview as the Democratic nominee for president, Vice President Kamala Harris said she would start implementing her plans for an opportunity economy on her first day in office. Her first and foremost, one of her highest priorities is to do what she can to support and strengthen the middle class. Executive orders that quickly change federal policy have been signed into law by previous presidents on their first day in office. On his first day in office, President Biden signed 17 executive orders, one of which was to stop building the wall between the US and Mexico that former President Donald Trump had planned.
30.08 / 19:50
President
students
Universities
Justice
country
Courts
Colleges
UCC must for gender parity, says VP Jagdeep Dhankhar
Narendra Modi espousing a secular civil code for the nation during his Independence Day speech, vice president Jagdeep Dhankhar on Friday stressed on the need for a uniform civil code (UCC), saying it is a «constitutional ordainment» as it is mentioned in the Directive Principles. UCC will be a big contributor to the cause of gender justice, he said. «Uniform civil code is a constitutional ordainment. It is in Directive Principles (of State Policy). The Supreme Court has severely that it is being delayed but UCC, which has been on the shelf for too long, is a small measure of justice to your (women) segment… It will help in several ways but majorly it will help your gender,» Dhankhar said while addressing students of Bharati College, a women's college affiliated to the University of Delhi. Article 44 of the Constitution, under the Directive Principles of State Policy (DPSP), suggests that there should be a UCC in the country. However, provisions listed under DPSP are not binding on the government and hence not justiciable.
30.08 / 19:18
markets
Booking
Aviat
Progressive
Airlines
Strategy
country
Vistara operations to end November 12; Air India to manage all flights
Vistara said on Friday that its aircraft and passengers will be handled by Air India from November 12, as the merger of the two Tata Group-owned airlines comes closer with Singapore Airlines (SIA) getting approval from the Indian government for acquiring a 25.1% stake in the erstwhile state-run carrier. «Starting 3 September, customers will, progressively, no longer be able to make bookings with Vistara for travel on or after 12 November. All Vistara aircraft thereafter will be operated by Air India and bookings for the routes operated by these aircraft will be redirected to Air India's website. Vistara will continue to take bookings and operate flights as usual till 11 November 2024,» Vistara said in a statement Friday. Tata Sons owns a 51% stake in Vistara, while SIA holds 49%. Air India is currently owned fully by Tata Sons.
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