Country Financial News

23.08 / 13:39
markets UPS CEO WhatsApp Trade country Potato, rice prices drop amid supply glut, market shifts
potato and rice have started falling. Having remained firm for the last three months, prices of potatoes have fallen by 8 per cent in the last 20 days as the cold storages in Uttar Pradesh and West Bengal are overloaded with potatoes which need to be used up before November. Bengal chief minister Mamata Banerjee in the third week of July had stopped inter-state movement of potatoes and didn't even allow truck movement carrying potatoes from Uttar Pradesh to the north-eastern states resulting in oversupply and prices falling. Prices of potatoes which stood at Rs 36 a kg 20 days ago are now commanding a price of Rs 34 a kg. Even though Mamata Banerjee on last Tuesday allowed inter-state trade of potatoes for the next seven days on the consideration that there will be no shortage of the tuber for the state and the prices will not rise, the potato trade in Uttar Pradesh said that the sudden decision to stop movement of potatoes has disrupted the supply chain.
23.08 / 12:51
Digital Election community Trade President Bitcoin country Bitcoin Becomes Hot Election Topic as Trump Comes Close to Promising a Strategic National Reserve
Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...
23.08 / 12:21
markets UPS Election Food country cover Retailers expect festive boost after high inflation, elections hurt sales
₹9,879 crore. The first six weeks of the quarter that included Akshaya Tritiya saw 20% retail growth. However, a steep rally in gold rates, election-led restrictions in many markets, very few wedding dates and an unprecedented heatwave across the country hurt the overall consumer demand during the quarter, Titan said in its earnings announcement.
23.08 / 11:08
markets Provident Gap wellness country Videos Profiles I sell orgasms for a living, claims this Goa-based startup founder whose net worth is nearly Rs 12 crore
Manzuri, describes his work in a straightforward manner: “I sell orgasms for a living.” This statement, shared during an episode of the 1% Club with finance influencer Sharan Hegde, highlights Ritelin’s mission to challenge societal taboos surrounding sexual health in India. Manzuri, a Goa-based wellness startup, focuses on providing pleasure products for women, aiming to address the stigmatized conversations around sexual wellness. Ritelin explained that Manzuri, launched in 2019-2020, entered a market devoid of trustworthy sources for purchasing sex toys. “When we started, there was no player in the market where women could go and find a trustworthy and reliable source to purchase sex toys from,” he said. Due to the lack of recognition for sex toys in India, Ritelin refers to his company as a wellness startup rather than a sex toy company, noting the country's lag in pleasure technology. On the 1% Club video, Ritelin disclosed his financial status, revealing a liquid net worth of Rs 1.5 crore. His non-liquid assets are valued between Rs 8.5 to Rs 9.5 crore. Ritelin owns a 70% stake in Manzuri, which is valued at Rs 12 crore, bringing his total net worth to between Rs 10 to Rs 12 crore. He also shared that his annual expenditure is approximately Rs 40 lakh.
23.08 / 10:40
UPS show country Destinations India's July engineering exports see 3.66% boost, but Shipments to Bangladesh decline by 12%
July 2024, engineering goods exports to countries like the US, UAE, Saudi Arabia, and Singapore witnessed a positive growth whereas exports to countries like Bangladesh and Russia experienced a decline during this period, according to latest data released by Engineering Exports Promotion Council (EEPC). Among the 25 major destinations for Indian engineering goods, exports showed growth in 10 countries, while 15 countries experienced a decline. The top 25 countries contribute 75.5% of total engineering exports to the country, said EEPC in a statement . At $1.5 billion, engineering goods exports to the US recorded 4.2% year-on-year growth in July this year. Engineering exports to the UAE stood at $625.78 million in July this year, up 65.6% year-on-year. The exports to Saudi Arabia rose 9.2% year-on-year to $412.30 million in July this year.
23.08 / 08:04
security Remark President students Celebrity country information "A glorious moment for all Indians when Chandrayaan landed on moon" says President Murmu on National Space Day
National Space Day. Union Minister Dr Jitendra Singh and ISRO Chairman S Somanath were also present. President Murmu extended her greetings on the occasion of the first National Space Day and welcomed the decision to celebrate Space Day on the day Chandrayaan landed on the Moon. «It was a glorious moment for all the Indians when ISRO's Chandrayaan landed on the moon. I saw the live telecast of that moment, I was so proud that day like other Indians. To celebrate National Space Day on this occasion is a commendable step. I congratulate all of you on the first National Space Day. ISRO has achieved many feats since its inception».
23.08 / 07:48
community students War country reports evacuation Can PM Modi stop the Russia-Ukraine war that's been going on for 2 yrs? Here's what locals say
Indian community in Ukraine. While Indian medical students were evacuated, long-term Indian residents faced stark choices, unable to abandon businesses and connections they had built over decades. Many, like Nagender Parashar, had to relocate their operations within Ukraine to ensure continued support for both their employees and local communities, as reported by TOI. «I had to shift my factory from Kyiv to Marshyntsy in Chernivtsi Oblast near the border with Romania. So many of my workers and their family members depended on me. I couldn’t abandon them,” says Parashar, whose prosthetics manufacturing business has become a crucial support system for Ukrainian amputees affected by the war. “Slowly, I had to bring my staff to Marshyntsy and continue my work.” For other long-term Indian residents like Ram Dange, the challenges were immense. “There were around 2,500 long-term Indian residents in Ukraine before 2022. Many of us got married and have families here. The outbreak of full-fledged war divided our families because we had to relocate our loved ones to safer locations and countries. But we had to stay behind for the sake of our businesses.»
23.08 / 05:43
UPS security President country cover Armed forces personnel from India, Nepal, Sri Lanka to take part in bike expedition from Lumbini to Colombo
Sri Lanka will take part in a bike expedition in October this year along the Buddhist Circuit 'tracing the footsteps of enlightenment.' Organized jointly by the governments of all three nations and the Royal Thai Monastery, the bike expedition will start from Lumbini, Nepal and end in Colombo, Sri Lanka. «This is a historical bike expedition between the tri-nations; India, Nepal and Sri Lanka. This is a Buddha Circuit bike expedition starting from Lumbini to Colombo which covers the seven states of India, namely: UP, Bihar, Jharkhand, Bengal, Odisha, Telangana and Tamil Nadu,» Rahul Patil, co-convener of the Heartfulness Buddha Circuit Ride told ANI.
23.08 / 05:02
Platform Mobile Election WhatsApp President country social 'Desi President': Indian-Americans launch website for Kamala Harris campaign
Indian-Americans have launched a new website — DesiPresident.com, with the tagline 'Kamala Ke Saath". Harris, 59, is of mixed parentage; her mother immigrated to the United States from Chennai and her father moved to the country from Jamaica. «The coming months are filled with excitement and promise as we rally together to make history. Your participation and enthusiasm are key to our success, and we can't wait to embark on this journey with you,» the website said. The Desi President, a project of the Indian American Impact Fund, has launched a T-shirt with the tagline «Kamala Ke Saath: Vote Kamala», which has become an instant hit on social media platforms.
23.08 / 04:04
Manufacturing President country conductor consequences Traffic Canada's freight trains will soon roll again after labor lockouts. Here's what to know
Canada’s two largest railroads should soon start rolling their trains again after the government intervened to end a shutdown that arose from a labor dispute
23.08 / 03:56
Fighting President War Freedom show country rights Kamala Harris becomes first Black and Asian American woman to accept presidential nomination: A promise ‘for the people’
Vice President Kamala Harris was greeted with a sustained standing ovation and cheers lasting nearly three minutes at a recent event. The enthusiastic reception demonstrated the audience's strong support and admiration. Once the applause subsided, Harris began her address with a brief acknowledgment of her personal milestone. «OK, let's get to business,» she stated, shifting focus to the day's agenda. Harris also took a moment to celebrate her 10th wedding anniversary with Doug Emhoff, saying, «And happy anniversary, Dougie.» Harris followed a moving speech by her sister, Maya, who highlighted their mother’s accomplishments. In her own address, Harris spoke about her parents and the impact of her upbringing, focusing particularly on her mother’s influence. Although Harris seldom mentions her father, she made an exception during this speech to share his advice.
23.08 / 03:54
Waters Align Universities show country reports testing Maize a good candidate to replace paddy and wheat in Punjab: Ramesh Chand
Mint event, Chand said the government's policy think tank is working on a plan to identify certain high-value crops as replacements for paddy in Punjab, aiming to protect the environment while ensuring that farmers' incomes are not impacted. Rice cultivation is a major contributor to greenhouse gas emissions, particularly methane. Indian paddy fields emit about 3.3 million tonnes of methane annually, which accounts for around 10% of the country's total methane emissions.
23.08 / 03:50
UPS Citizens economy Election wellness country 818,000 job loss could be a major problem for Kamala Harris
employment opportunities could be the key to winning elections as the recent job crisis, that has seen nearly a million jobs vanishing into thin air over the course of the year, has driven Americans into a recession scare, something that could prove to be detrimental for Kamala Harris' prospects in the US Presidential Elections 2024.
23.08 / 02:59
UPS economy President country conductor consequences Canada forces arbitration in freight train labor dispute to avert economic crisis. Union cries foul
The Canadian government has ordered the country’s two major freight railroads to enter binding arbitration with their labor union to resolve a contract dispute
23.08 / 02:59
Election War stage country rights Interviews 'The answer is no': Pro-Palestinian delegates say their request for a speaker at DNC was shut down
Chicago: Leaders of an «Uncommitted» movement, which garnered hundreds of thousands of votes in Democratic primaries across the nation in protest of the Israel-Hamas war, have been negotiating for weeks to secure a speaking slot for a Palestinian American at the Democratic National Convention this week. The negotiations stalled late Wednesday when leaders with the Uncommitted National Movement say a Democratic National Committee official called and delivered a firm response: «The answer is no.» The leader, Abbas Alawieh, an «Uncommitted» delegate to the convention and co-founder of the movement, described the call as shocking after weeks of talks that he felt were positive. In response, he and other delegates decided to stage a sit-in outside Chicago's United Center, where the convention is being held. They spent the night on the sidewalk on Wednesday, and vowed to remain until their request was granted or the convention ended Thursday night. «When we ran out of options — doing everything we can and working from the inside, when we ran out of options as uncommitted delegates, we just sat down,» Alawieh said in an interview Thursday.
23.08 / 02:52
BLOCK WhatsApp country Adani Group likely to sell 2.84% in Ambuja Cements for Rs 4,200 crore
Adani Group is likely to sell a 2.84% stake in Ambuja Cements on Friday through a block deal to raise around ₹4,200 crore. According to a term sheet issued by the banker, Holderind Investments, an Adani Group entity, will sell 69.96 million shares at a floor price of ₹600 per share. The floor price represents a 5% discount to Thursday's closing price of ₹633. Shares of Ambuja Cements have rallied 18% so far this year, compared to a 12% gain in the Sensex.
23.08 / 02:52
Death Bill country outbreak Courts Investigations Scandals Pharmacist pleads no contest to involuntary manslaughter in Michigan deaths from meningitis outbreak
A pharmacist who worked at a Massachusetts lab has pleaded no contest to involuntary manslaughter in the deaths of 11 Michigan residents
23.08 / 02:41
Williams CEO Discover President show country The biggest diamond in over a century is found in Botswana — a whopping 2,492 carats
The largest diamond found in more than a century has been unearthed at a mine in Botswana
23.08 / 02:41
Citi wellness Trade President country strain Relationships Nicaragua closes US Chamber of Commerce and 150 other organizations
Nicaragua’s government has closed another 151 nongovernmental organizations, among them some of the most important trade organizations, including the American Chamber of Commerce
23.08 / 02:33
COST economy Bill President country Argentine Senate passes pension spending increase in a blow to President Milei's radical austerity
Argentina’s Senate has defied the government to approve an increase to pension spending that would cost at least an estimated 0.4% of the gross domestic product, dealing a blow to President Javier Milei’s harsh austerity program
23.08 / 02:03
markets UPS Platform country social information donates NGOs eye social stock exchanges, but compliance barriers remain
₹10 crore from the SSE of the National Stock Exchange (NSE), with Screwvala calling the process of reaching out to donors the “equivalent of a book-building exercise". In an interaction with Mint, Screwvala said that while the listing process was not simple, the disclosures were necessary to maintain credibility. Wary of the complexity, only about a dozen NGOs have listed and raised money from SSEs so far.

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