Country Financial News
08.08 / 14:47
Citizens
Assurant
security
country
Inside
prevention
Assam Chief Minister assures strict border security to prevent influx from Bangladesh
influx from Bangladesh into Assam due to ongoing disturbances, Assam Chief Minister Himanta Biswa Sarma assured that stringent security measures have prevented any unauthorized entry. Highlighting that the Indo-Bangladesh border is being vigilantly monitored, he confirmed that no individuals from Bangladesh have entered Assam without valid documentation. Sarma addressed the media in Guwahati, emphasizing, «Government of India has instructed the state government to completely secure the Indo-Bangladesh border so that no one can come inside the country. Accordingly, the Assam government is maintaining strict vigil in the border area and as of now no one has entered our country except those having valid visa and passport and genuine and bonafide citizens of this country.» He expressed confidence in the central government's efforts, stating, “However, I do hope the government of India will do everything possible and I am sure the Prime minister is doing everything possible to ensure the safety and security of Hindus, Sikha, Buddhist Jains and Christian people in Bangladesh.”
08.08 / 14:26
markets
UPS
MET
pandemic
students
country
Trudeau minister mulls banning some industries from using foreign-worker program
Canada is taking initial steps to limit businesses’ use of a program that allows them to bring in temporary foreign workers after it exploded in size, sparking allegations of fraud and exploitation.
08.08 / 14:14
markets
UPS
Citi
economy
Remark
country
reports
Posthaste: Canada is in the grips of a 'Me-cession' — and it's especially bad in Alberta
Canada just went through one of the most punishing bouts ofinterest rate hikes in history, and when you think about it, it’s quite remarkable we haven’t fallen into recession — at least not yet, anyway.
08.08 / 13:02
Provident
FIVE
Wildlife
country
cover
prevention
Over 1,700 sq km of forest area lost in last 10 years due to development activities: Government
development activities but land has also been acquired for compensatory aforestation, the government said on Thursday. While replying to a supplementary question in the Rajya Sabha, environment and forest minister Bhupendra Yadav also said the country's consolidate overall forest cover has increased and the government is trying to further increase it. He said while forest cover in five northeastern states — Arunachal Pradesh, Manipur, Nagaland, Mizoram and Meghalaya — has reduced, states such as Andhra Pradesh, Telangana, Odisha, Karnataka and Jharkhand have seen their forest cover increase. «In last 10 years, 1,73, 396 hectares forest area (which is 1,733 sq km) has been lost due to development activities, however, under compensatory aforestation, land has also been acquired,» the minister said.
08.08 / 12:42
FIVE
stage
country
Updates
International
hockey
India vs Spain Live Updates, Bronze Medal: Will India win 13th medal in hockey?
India vs Spain head to head:Looking at the head to head clashes, India won four of its matches against Spain in the past five encounters.India vs Spain match time:The India vs Spain Paris Olympics 2024 bronze medal match will begin at 5.30 pm IST at the Yves-du-Manoir Stadium in Paris.India vs Spain Live, Bronze Medal: The India vs Spain Paris Olympics 2024 bronze medal match will begin at 5.30 pm IST at the Yves-du-Manoir Stadium in Paris.India vs Spain Live, Bronze Medal: It is going to be PR Sreejesh's final international hockey match for the country, and the Indian hockey team is trying to best to give Sreejesh a medal-winning farewell at the biggest stage.
08.08 / 12:34
economy
trends
show
country
innovations
Features
Pharmaceuticals
At $460 billion, India's top 3 family businesses are equivalent to Singapore's GDP
Hurun India most valuable family businesses, the top three family business’ interests are valued at $460 billion, equivalent to the GDP of Singapore. The list reveals that the top three Indian business families include the Ambani, Bajaj, KM Birla, with the Bajaj family valued at Rs 7.13 lakh crore and the Birla family at Rs 5.39 lakh crore. The Ambani family tops the list with Rs 2.57 lakh crore. However, the Adani-led energy conglomerate, with a value of Rs 15.45 crore did not feature in the top 10, as it is a first-generation family business. The Adani family leads in the first-generation entrepreneur category with a valuation of Rs15.45 lakh crore. The combined value of the 2024 list stands at Rs130 lakh crore, surpassing the GDPs of countries like Switzerland and the UAE. The top three family businesses alone account for Rs46 lakh crore, equivalent to Singapore's GDP.
08.08 / 12:09
shooting
Exponent
country
International
India to host elite shooters in ISSF World Cup Final in October
The World Cup Final (WCF) will be the season-ending tournament for elite shooters in pistol, rifle and shotgun to determine the best exponents in their respective events for the year. All the medal winners in the 12 individual Olympics shooting events at the Paris Olympics have automatically qualified for the WCF along with the title winners from last year's event in Doha, Qatar.
08.08 / 11:26
markets
UPS
Software
wellness
Bitcoin
country
Why are foreign investors not totally convinced on India? Mark Mobius explains
Mark Mobius, Mobius Emerging Opportunities Fund, says at the end of the day, it is not foreign investors who drive the Indian market, it is domestic investors. RBI recently said that they want the banks to attract more deposits and probably one of the reasons for this is that there are too many retail investors going into the market and gambling and it might be a good idea for them to keep some money in the banks rather than stocks, but that is just a very short term kind of view. Mobius says as long as S&P 500 continues to move up with corrections along the way, we will see a very good bull market in most countries around the world, particularly India. After Vodafone, have you added any other stock to your India portfolio? Mark Mobius: Yes, but I cannot tell you what it is because we are still adding. But yes, we have added. Because as I say, we are still sitting on more cash.
08.08 / 10:56
community
Bill
Golf
country
rights
Scandals
Headlines
Waqf Act: 'Waqt' for Waqf to change? How the battlelines are drawn
Waqf Board on three ancient ASI-protected monuments in Burhanpur as Waqf property. A large number of properties in India have come under the Waqf claim over past decades, some of which that made it to the headlines were Mukesh Ambani's home, Antilia, in Mumbai, two islands in Bet Dwarka in Gujarat, properties of the ISB, Microsoft, Wipro and Lanco in Hyderabad, Kolkata's Tollygunge Club, Royal Calcutta Golf Club, ITC Windsor Hotel in Bengaluru and a whole village and a temple said to be 1,500 years old in Tamil Nadu. Also Read: Waqf (Amendment) Bill, 2024 moved in Lok Sabha The Waqf Board has been at the centre of several controversies, mostly due to its claims on lands, and many had demanded amendments to the law governing it. Bringing the spotlight on the controversial Waqf law, Union Minister of Minority Affairs Kiren Rijiju has moved Waqf (Amendment) Bill, 2024 in Lok Sabha today amid opposition by several opposition MPs
08.08 / 08:09
awards
Universities
country
Courts
peace
Muhammad Yunus: Bangladesh's 'banker to the poor'
Muhammad Yunus will helm Bangladesh's interim government after the ouster of premier Sheikh Hasina, who had hounded him in speeches and through the courts. The 84-year-old, known as the "banker to the poorest of the poor", was awarded the Nobel Peace Prize in 2006 for his work loaning small cash sums to rural women, allowing them to invest in farm tools or business equipment and boost their earnings. Grameen Bank, the microfinance lender he founded, was lauded for helping unleash breakneck economic growth in Bangladesh and its work has since been copied by scores of developing countries.
08.08 / 07:33
Citi
Election
country
Anti-money laundering
reports
Investigations
Brazilian Police Uncover Drug Gang-Linked Crypto Money Laundering Ring
Sao Paulo Civil Police in Brazil have uncovered a sophisticated crypto laundering operation linked to a major drug gang – the First Capital Command (PCC).
08.08 / 07:30
UPS
Digital
Mobile
Interface
country
UPI Delegated Payments: Soon you can add family members, others to make UPI payments from your bank account
Delegated Payments" facility in UPI, an individual (primary user) to allow another individual (secondary user) to make UPI transactions up to a limit from the former’s bank account. UPI limit for tax payments hiked to Rs 5 lakh from Rs 1 lakh: RBI According to the RBI governor Monetary Policy Meeting Statement on Developmental and Regulatory Policies, “The Unified Payments Interface (UPI) has a very large user base of 424 million individuals. There is, however, potential for further expansion of the user base. It is proposed to introduce «Delegated Payments» in UPI. “Delegated Payments” would allow an individual (primary user) to set a UPI transaction limit for another individual (secondary user) on the primary user’s bank account. This product is expected to add to the reach and usage of digital payments across the country. Detailed instructions will be issued shortly.”
08.08 / 05:12
students
country
peace
International
Bangladesh awaits installation of interim government after weeks of strife
Bangladesh is set to get a new, interim government headed by Nobel Peace Prize-winning economist Muhammad Yunus on Thursday, after weeks of tumultuous student protests forced Prime Minister Sheikh Hasina to resign and flee to India. Yunus, 84, Bangladesh's only Nobel laureate and a harsh critic of Hasina, was recommended for the job by the student protesters who led the campaign against Hasina. He was expected to be sworn in as chief adviser along with a team of advisers later on Thursday in an interim government which the army chief said may include 15 members, although discussions on the names continued till late on Wednesday.
08.08 / 04:33
security
Election
students
country
inclusion
A new regime in Dhaka: Let’s reboot India-Bangladesh relations
Every crisis comes twinned with opportunity—not just to solve the proximate problem, but also to effect a paradigm shift, away from the conditions that led to the crisis. So it is with Bangladesh.
08.08 / 04:01
President
students
country
reports
International
Muhammad Yunus to return to Bangladesh Thursday, set to lead interim government
Nobel Laureate economist Muhammad Yunus is expected to return to Bangladesh on Thursday, Bangladesh-based Dhaka Tribune reported. Yunus will arrive at Hazrat Shahjalal International Airport in Dhaka on an Emirates flight from Dubai at 2.10 pm, subject to the flight being on time, Dhaka Tribune reported, quoting a statement from Yunus Centre. Yunus' return comes as he is set to take on a significant role as head of the interim government, following a meeting with President Mohammed Shahabuddin.
08.08 / 03:49
Aware
security
economy
Election
country
Destinations
India vigilant of any negative spillover of situation in Bangladesh: Union Minister Gajendra Singh Shekhawat
Gajendra Singh Shekhawat on Wednesday said that political instability in Bangladesh is unfortunate as an elected government was toppled there but government of India is vigilant against any negative impact of the situation here. The minister while speaking on sidelines of a function here in Srinagar said that a country cannot chose it's neighbours but ensured that the borders of India are safe and secure. «Undoubtedly this is unfortunate that there is political instability in our neighborhood and an elected government was toppled like this. An individual can chose everything but not his neighbour,» said Shekhawat. He further stated that «GoI is vigilant and keeping a tab on the situation in the neighborhood keenly. We are aware to fact that this situation (in Bangladesh) should have no negative impact on India.»
08.08 / 02:12
Citi
love
country
Olympics
International
Sporting
India should soon have its first Olympics sponsor, a sign of the country's growing Games influence
India’s growing influence in the Olympics during a bid to host the 2036 Summer Games should soon see a first sponsor deal from the country for the IOC
07.08 / 23:23
markets
BTC
Bitcoin
country
Interviews
Bitcoin Mining Is Not “Boiling The Oceans,” Says Michael Saylor
MicroStrategy co-founder and chairman Michael Saylor dashed criticisms on Wednesday that his favorite cryptocurrency, Bitcoin, is harmful to the environment compared to competitors.
07.08 / 22:54
Barcelona
Bill
President
country
gatherings
Courts
Fugitive ex-Catalan leader plans return to Spain despite threat of arrest over failed secession bid
Former Catalan leader Carles Puigdemont says he plans to return to his country on Thursday despite the likelihood of being arrested on his return
07.08 / 22:34
Target
FIVE
BBC
country
social
dance
reports
UK riots: BBC, Sky, ITV allow early leave for employees, work from home
riots in parts of the UK. Sky asked its employees to leave early while BBC and ITV allowed their employees to work from home. These instructions came as reports emerged about possible riots in parts of London, as per a report on Deadline. Thousands of riot police stood ready Wednesday as Britain remained on high alert for more violent far-right protests across the country. Nightly riots, during which mosques and migrant targets have been attacked, have erupted in English towns and cities since three children were murdered on July 29, as per AFP report. Police were steeling themselves for more than 100 demonstrations linked to the disorder on Wednesday, including possible counter-protests by anti-fascist activists. Courts have ordered jail terms for offenders as authorities seek to head off new troubles.
07.08 / 21:31
markets
Digital
Mobile
Sustainability
country
reports
Traffic
Jio's share of data traffic in India rose to about 60% in FY24: RIL annual report
Jio's share in the overall data traffic in India increased to about 60 per cent in 2023-24, according to the annual report of parent firm Reliance Industries Limited. Jio's ahead-of-the-curve investments in next-generation network and digital technologies would sustain a competitive edge and market share gains, it said and added this will ensure strong and consistent shareholder return over the coming years. In the annual report, Reliance Industries' Chairman and Managing Director Mukesh Ambani said Jio turned a «Data Dark India» into a «Data Rich» nation with affordable, high-speed 4G data, and followed it up with a 5G network rollout across India in world-record time. According to the annual report, the rollout of the next-generation fixed wireless networks would catalyse demand for high-speed fixed broadband. Rural areas are expected to see a higher uptake of these services due to limited last-mile infrastructure currently.
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