Country Financial News

29.08 / 10:36
MET security Sustainability President country rights China's Xi meets with U.S. national security advisor Sullivan
BEIJING — Chinese President Xi Jinping told U.S. national security advisor Jake Sullivan during a meeting Thursday that Beijing hopes Washington will find «a right way» to get along.
29.08 / 09:34
Gap country Suppressed feminism: China’s gaming industry is too gender insensitive
Betraying Big Brother: The Feminist Awakening in China, argued that feminism poses the biggest threat to China’s authoritarian regime, which is partly why it has faced such high censorship. Prominent activists have been detained.
29.08 / 08:32
Platform security Diversity country innovations International Europe's Bled Strategic Forum 2024 hosts the world
International Conference of the Bled Strategic Forum will take place in Bled, Slovenia between September 2-3. This year's conference is titled «A World of Parallel Realities» and will be marked by new innovative approaches in the programme and even greater involvement of youth. «The awareness that we live in a world of parallel realities encourages us to bring these realities together for the common good. This year, with a programme of exceptional quality and diversity, we are signaling that we are opening Slovenia to the world, and at the same time, as a responsible member of the international community and a member of the UN Security Council, we are accepting our responsibilities and taking on even the most challenging debates. The Bled Strategic Forum is of key importance for us, as an instrument of soft power of Slovenian foreign policy, it broadens Slovenia's interest in the international arena and thus makes our more active role in the global arena a reality,» said Tanja Fajon, Deputy Prime Minister and Minister for Foreign and European Affairs. The Bled Strategic Forum is an intergovernmental project of the Republic of Slovenia, organised by the Ministry of Foreign and European Affairs and the Centre for European Future, and is one of the most visible foreign policy events in Slovenia. It brings in top policy makers at the annual platform.
29.08 / 08:26
FIVE Extreme Pool awards wellness performer country Taxpayers expect taxes to work for them, Siddaramaiah tells finance commission; CM cautions against skewed weightage to equity
Siddaramaiah on Thursday urged the 16th Finance Commission to cap cess and surcharge at 5% of gross tax revenue and move collections above that into the divisible pool for sharing with the states. Cess and surcharge are not part of the divisible pool. Over the years the union government has increased its reliance on cess and surcharge. This has caused substantial loss to all the states. The loss to Karnataka on account of the non-sharing of cess and surcharge was Rs. 53,359 crore during the five-year period from 2017, the CM said, addressing Chairman Arvind Panagariya and other visiting members of the Commission. The CM pressed for vertical devolution to states to be at least half of the divisible pool. All non-tax revenues of the Centre too should be included in the divisible pool. “Economically advanced states are committed to supporting poorer states, but this should not come at the expense of their own residents or economic efficiency. A larger proportion of resources generated by the states should be shared with them.”
29.08 / 07:36
Citi WhatsApp Research country Mumbai surpasses Beijing to become the billionaire capital of Asia
Mumbai has become the 'billionaire capital' of Asia as it now comprises of more billionaire individuals than China's cpital city of Beijing, according to the Hurun India rich list 2024. «Home to 25% of the list – Mumbai is not only the billionaire capital of Asia, overtaking Beijing but also the preferred city for Hurun India Rich Listers, followed by New Delhi and Hyderabad,» the Hurun list data stated. Beyond this, Mumbai also registered a net increase of 58 billionaire individuals, adding to its growth momentum, the Hurun data revealed. This was followed by New Delhi, which added 18 new billionaires.
29.08 / 07:28
Target Remark love Justice country Like Kim Jong-Un, she can't tolerate her opposition: BJP's Giriraj Singh reacts to CM Mamata's remarks
West Bengal CM Mamata Banerjee's «If you burn Bengal, Assam, North-East, Uttar Pradesh, Bihar, Jharkhand, Odisha, and Delhi too shall burn!» remarks, Union Minister Giriraj Singh on Thursday compared Mamata Banerjee to North Korea' Supreme Leader Kim Jong-Un and said Mamata can't tolerate her opposition similar to him. Taking the reaction further, Singh said that this can't be the language of a democratic person. On West Bengal CM Mamata Banerjee's speech, Union Minister Giriraj Singh said, «This can't be the language of a democratic person, of a Chief Minister. North Korean leader Kim Jong-Un doesn't tolerate his Opposition. Similarly, Mamata Banerjee doesn't tolerate the words of her Opposition.»
29.08 / 07:09
security Strategy WhatsApp country reports boating India to commission its second nuclear submarine today; here's all you need to know about INS Arighat
Indian Navy is set to commission its second nuclear submarine, with the 112-metre-long INS Arihant to be launched out of Visakhapatnam on Thursday by Defence Minister Rajnath Singh. Top military officials are set to be present at the inaugration of the submarine, with the nuclear-powered machine set to join INS Arihant as part of the country's 'nuclear triad,' strengthening India's ability to fire nukes from the air, land and the sea. Armed with K-15 missiles — that are nuclear-tipped and have a range of 750 kilometres — the 6,000-tonne submarine became 'fully ready' earlier in August, following extensive trials and upgrades.
29.08 / 07:06
Strategy pandemic Refugees country 2020 reports Canada ends policy allowing visitor visa holders to apply for work permits from within the country
The policy was introduced in August 2020 to assist visitors in Canada who were unable to return home because of border closures related to the COVID-19 pandemic. Under the policy, they could apply for a work permit without having to leave Canada. Also, anyone who had held a work permit within the preceding 12 months but had changed their immigrations status to “visitor” became eligible to “work legally in Canada while waiting for a decision on their new work permit application.”
29.08 / 04:20
Platform WhatsApp Justice show country information Courts Brazil's top court threatens to suspend X in country by Thursday night
Brazilian Supreme Court Justice Alexandre de Moraes ordered billionaire Elon Musk on Wednesday to name a legal representative for his messaging platform X in Brazil within 24 hours or face the site's suspension in the country, a court decision showed. Earlier this month, X announced it would close its operations and fire its staff in Brazil due to what it called «censorship orders» from Moraes, while adding the firm's service would remain available for users in Brazil. The Supreme Court posted a screenshot of Wednesday's court decision on its X account, tagging Musk's and X's Global Government Affairs accounts.
29.08 / 03:54
markets UPS FIVE Manufacturing wellness country rights Got fresh money to invest? Don’t go chasing momentum; look at quality largecaps: Anshul Saigal
Anshul Saigal, Founder, Saigal Capital, says putting new money in spaces that have done well recently and where you are chasing returns is a fool's paradise. It is that space where an investor can burn his fingers and then be out of the market for the next four to five years and come back again when the markets are at peak. That is not the space to look at now. It is really the Nifty 50 and the large-caps which have relative value. If you want to put new money to use, it is there that you should be investing. Do you think the underperformance in banks is finally coming of age because while the Nifty is still at a fresh all-time high, so are a lot of other individual indexes, which is not quite the case with Nifty Bank? Anshul Saigal: Yes, banks have been a rank underperformer in the last six-eight months. While other segments of the market have rallied as they have, banks have done nothing. Some of that is because banks have been in over-owned space in the last so many years. Because they are about 30% to 35% of the index as a constituent, banks are highly owned by the Street and at this time even though valuations look reasonable because of certain headwinds on their operations, banks are not the favoured space.
29.08 / 02:04
markets UPS Reuters Fighting show country Oil steady as smaller-than-expected US stock draw counters Libya supply disruption
Oil prices held mostly steady on Thursday as a smaller-than-expected draw in U.S. crude inventories and continued worries over China demand countered supply disruptions out of Libya. Brent crude futures were down 1 cent, or 0.01%, at $78.64 a barrel at 0043 GMT, while U.S. West Texas Intermediate crude futures were up 8 cents, or 0.1%, to $74.60.
29.08 / 01:43
Twitter Platform Justice country social Courts rights Brazil top court threatens to suspend X operations in latest twist of ongoing feud
A Brazilian Supreme Court justice is threatening to shut down the local activities of X, formerly Twitter, unless its billionaire owner Elon Musk names an in-country legal representative within 24 hours
28.08 / 22:37
FIVE BLOCK Parke BAY community President country Ecuador's citizens voted to stop oil drilling in heart of Amazon. A year later, it hasn't happened
Voters in Ecuador last year approved a referendum to keep some 700 million barrels of crude oil in the ground in Yasuni National Park
28.08 / 22:34
Fallout country Courts Investigations Scandals International Swiss court convicts 2 top PetroSaudi executives in fallout from 1MDB Malaysian fund scandal
A Swiss criminal court has convicted two top managers of a Saudi oil company facing charges including fraud and money laundering in a scam that swiped at least $1.8 billion from a Malaysian state-owned investment fund
28.08 / 22:06
CEO Telegram President country reports travelers Telegram founder Pavel Durov's various citizenships add to the mystery of his detention
Over more than a decade, the founder and CEO of the messaging app Telegram has amassed various different citizenships
28.08 / 16:24
COST UPS Fox show country 2020 reports Car insurance premiums could skyrocket 50% in some states this year
Nevada ranked the second highest auto insurance rates in the country, according to Insurify.
28.08 / 15:18
MET Citizens President country exclusive reports President Droupadi Murmu asks media to be fearless, stand with truth
President Droupadi Murmu on Wednesday asked the media to do fearless reporting and stand with the truth as she saw the fourth estate playing a big role in shaping the country and society. The president, who met PTI editors at Rashtrapati Bhavan on the occasion of the 77th anniversary of the founding of the news agency, said everyone has a responsibility in taking the country forward and it was important how the country is presented. «Media ko nirbhikta se kam karna chaiye (media should work fearlessly),» she commented. «Kabhi satya se hatna nahi chaiye (It should never deviate from the truth).» Murmu has also penned an exclusive article for PTI on the recent incidents of sexual and physical assaults on women, which have led to widespread agitations.
28.08 / 13:41
Action Remark wellness film country Interviews AAP Punjab farmers wing holds protest, demands Kangana Ranaut's termination from Lok Sabha
protest here against BJP MP Kangana Ranaut's remarks on farmers protest and demanded termination of her Lok Sabha membership. The protesters also demanded that the BJP should immediately expel her immediately from the party. The protesters of the Punjab unit of AAP's Kisan Wing raised slogans against Kangana and alleged that it is not the first time she has spoken against the farmers protest. «She should be expelled by the BJP from the party. She tries to sow seeds of hatred in society and action as per law should be taken against her for her remarks,» said AAP Punjab MLA Jagtar Singh Dayalpura, who also took part in the protest.
28.08 / 13:15
markets Manufacturing Platform wellness country cover innovations PDS raises Rs 430 cr through QIP
PDS Ltd, a fashion sourcing and manufacturing platform serving global leading brands and retailers, on Wednesday said it has raised Rs 430 crore through qualified institutional placement. The company has successfully completed the QIP raising Rs 430 crore (around USD 51 million). The QIP attracted robust interest from institutional investors, with a subscription exceeding two times the issue size, PDS Ltd said in a statement. «This fund raise enables PDS to accelerate its growth journey of expanding into new markets and categories, as well as diversifying its sourcing regions through brownfield investments, all while maintaining a robust balance sheet,» the company said.
28.08 / 13:12
UPS Citi Manufacturing Apple country reports Operational expansion to 'Foxconn City': A look at Foxconn's India announcements
has offered about 2,000 acres of land to Taiwanese contract manufacturer Foxconn to set up a 'Foxconn City', similar to its facilities in its home country and China. Karnataka and Tamil Nadu are also aggressively courting the company to set up the industrial township. As India's place gets cemented into Foxconn's future plans, here's a look at major expansion announcements made by the company recently: Total investment: Foxconn has invested $1.4 billion in India till date. Chairman Young Liu, a Padma Bhushan awardee, said India is an integral partner for the company and its business here has grown to over $10 billion till 2024.
28.08 / 12:57
UPS economy Research country voice social inclusion IT sector has survived many tech transitions: Kris Gopalakrishnan on AI's impact
MUMBAI : Senapathy ‘Kris’ Gopalakrishnan, co-founder of India’s second-largest IT services firm, Infosys, advises Indian companies and employees to learn artificial intelligence (AI) to stay relevant. Gopalakrishnan, who has become a philanthropist with his own family office and its investment arm, Pratithi Investments, told Mint in an interview on the sidelines of Global Fintech Fest 2024 on Wednesday that the IT sector is cash-rich and has capable leaders, but companies have their own growth rates, and “some may not make it." Edited excerpts: AI is the new tool that's available for us, just like it completes our sentence for us. If you want to use AI, start training yourself.

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