Country Financial News
06.08 / 05:35
Fighting
country
Inside
hospital
reports
Colleges
Centre convenes all-party meeting today on Bangladesh issue
Bangladesh unrest, the central government has convened an all-party meeting on Tuesday. According to official sources, Ministry of External Affairs S Jaishankar will brief about the situation. At least 135 people were killed in Bangladesh on Monday during unrest with police firings, mob beatings, and arson across the country, according to Dhaka Tribune. The country announced on Monday that the clashes between demonstrators and members of the Awami League claimed the lives of at least 96 people in police firings.
06.08 / 03:57
COST
Waters
country
information
strain
Cambodia breaks ground on a China-funded canal and says it will be built 'no matter the cost'
Cambodia on Monday broke ground to build a controversial, China-funded canal to link the capital Phnom Penh to the sea despite environmental concerns and the risk of straining ties with neighboring Vietnam
06.08 / 03:36
CEO
FARO
Golf
country
reports
Courts
Vietnamese billionaire tycoon found guilty of defrauding stockholders, sentenced to 21 years
A prominent Vietnamese business tycoon has been found guilty of defrauding stockholders of nearly $150 million by falsely inflating the value of his company, in a case that comes as the government cracks down on widespread corruption in the country
06.08 / 01:39
06.08 / 01:37
CEO
President
country
Canada completes negotiations to use US space launch technology, expertise and data
The Canadian government says it has completed negotiations with the United States on an agreement that would allow the use of U.S. space launch technology, expertise and data for space launches in Canada
06.08 / 01:36
Justice
country
Department
prevention
International
Commodities giant Glencore is ordered to pay over $150M in wake of Congo mining bribery case
Federal prosecutors in Switzerland say they have found Glencore’s international unit “criminally liable” and ordered the commodities giant to pay over $150 million in fines and compensation after ending a probe of bribery involving Congo’s mining industry
06.08 / 01:23
Target
MET
security
country
Destinations
Bangla-dashed: Sheikh Hasina resigns, flees to India; protesters storm residence; military in charge
Sheikh Hasina fled Bangladesh for India on Monday seemingly just ahead of protesters storming their way into the Prime Minister's residence in Dhaka as month-long protests led by students over job quotas boiled over into an uprising. As many as 300 people have been killed since the protest began in July. A plane carrying Hasina, 76, landed at the Hindon Indian Air Force base just outside the capital as New Delhi worked out a safe passage for its long-standing ally in the region. Her final destination isn't clear. While some reports said she may go into exile in London, there is a possibility that she might depart for a destination in eastern or southern Europe. Belarus may be one of the possible destinations. Back in Dhaka, the country's army chief General Waker-Uz-Zaman said on state television that, with Sheikh Hasina having resigned, the military would form a caretaker government, following meetings with political parties.
06.08 / 01:20
Provident
Airlines
WhatsApp
wellness
country
cover
reports
₹10,000 crore GST cloud looms on carriers' radar
Tax Intelligence (DGGI) has sent showcause notices to 10 foreign airlines operating in the country, for alleged non-payment of tax amounting to ₹10,000 crore, officials said. They include British Airways, Lufthansa, Oman Air, Emirates and Singapore Airlines, they said. The notices, sent over the past three days, deal with unpaid tax dues on the import of services by Indian branches from head offices, officials said. Airlines are not covered by a June 26 circular on valuation of supply of import of services by a related person, where the recipient is eligible for full input tax credit, an official said. DGGI sought segregated list This is the circular cited by Infosys following a recent integrated GST demand amounting to Rs 32,000 crore.
06.08 / 01:10
COST
Digital
Mobile
show
country
Mobile wallet transactions on slippery slope as UPI rises
digital payment mode in the country at the cost of mobile wallets that are losing relevance with their monthly transactions in steep decline. Around 403 million mobile wallet payments were recorded in June this year, 24% lower compared with 530 million such transactions a year earlier, data from the Reserve Bank of India show. The number has also been falling sequentially every month since January, when it was more than 576 million. Throughout this year, these prepaid payment instruments have shown a decline in transactions with January recording more than 57 million wallet payments, compared to the next six months when it kept declining to the 40 million range.
06.08 / 00:06
Citi
FIVE
Football
WhatsApp
Barcelona
Chelsea
country
Real Madrid vs Chelsea live streaming free: Prediction, start time, how to watch
Real Madrid will take on Chelsea in a soccer game at Bank of America Stadium in Charlotte, North Carolina. Reigning Spanish La Liga and UEFA Champions league champions Madrid lost to Barcelona in their previous match. Chelsea were also defeated by Manchester City in the past weekend. Chelsea versus Real Madrid football match is scheduled to kick off at 7 pm (ET) on Tuesday, August 6. Real Madrid and Chelsea's game will be live streamed on Fubo TV which offers free trial for a limited period. Real Madrid is likely to win the match against Chelsea.
05.08 / 17:39
UPS
Waters
country
travelers
Courts
rowing
Hindus should write names on their shops: Sadhvi Pragya
BJP leader Sadhvi Pragya Singh Thakur has asked Hindu shopkeepers to display their names on commercial establishments they own, apparently to differentiate Hindus from non-Hindus. The former Bhopal MP made this appeal amidst a row over directives issued by the BJP-ruled Uttar Pradesh and Uttarakhand to highlight names of owners and staff of eateries along the Kanwar Yatra routes. These directives were subsequently stayed by the Supreme Court which on Monday extended its July 22 interim order. Days after the Ujjain mayor claimed shop owners had been directed to display their names and phone numbers on boards, the Madhya Pradesh government on July 21 clarified no such instructions had been issued for shop owners along the Kanwar Yatra route in the state, and there is no such compulsion. «I appeal to every Hindu to write their name on their shops and establishments. Those who write their names are Hindus and those who do not write are not Hindus. No one can stop you from writing your name because the country belongs to you. Rest everyone is sensible,» Thakur tweeted on Saturday.
05.08 / 17:37
Man
show
country
social
reports
Videos
Bangladesh crisis: One protestor steals Sheik Hasina's sarees from residence, says going to make wife the PM
Sheikh Hasina, one person took a bag full of the former Prime Minister's saree. The protests which lasted for weeks resulted in hundreds of deaths in Bangladesh with curfews being imposed and the internet being restricted. A viral video on social media showed a man with a bag on his head. When inquired, he said it contained Sheikh Hasina's saree. The man doubled down on his remarks and claimed that he would give the sarees to his wife, and make her the PM. «I am going to make my wife the PM,» he said.
05.08 / 17:33
markets
Strategy
economy
trends
stage
country
reports
Claudia Sahm, the creator of recession indicator Sahm Rule says, the U.S is very close to recession
Federal Reserve economist Claudia Sahm has expressed concerns that while the US isn't currently in a recession, it is alarmingly close. She predicts that central bank policymakers might need to adjust their strategies in response to the increasing risks. On Bloomberg Television’s Bloomberg Surveillance program, Sahm commented on the unexpected rise in the unemployment rate in July’s employment report, noting that this trend is historically consistent with the early stages of a recession. Although she acknowledged that the US might not be in a recession yet, the situation is precariously close. The report revealed a significant slowdown in US hiring and an increase in the unemployment rate to 4.3%. This caused the three-month moving average to exceed the 12-month low by half a percentage point, activating the Sahm Rule. Sahm developed this statistical measure to guide fiscal policymakers on when to stimulate the economy to counteract a recession.
05.08 / 17:25
wellness
Actor
country
Honoured and flattered that Sheikh Hasina feels safe in Bharat: Kangana Ranaut
Kangana Ranaut on Monday said it is a matter of great honour that Bangladesh leader Sheikh Hasina «feels safe in Bharat» after Hasina resigned as prime minister and landed near Delhi in a military aircraft amid unrest in her country. Ranaut, a national award-winning actor and BJP MP from Mandi in Himachal Pradesh, also criticised those questioning "Hindu Rastra (a Hindu nation)". She claimed that Muslim countries are not safe «even for Muslims». «Bharat is the original motherland of all Islamic Republics around us. We are honoured and flattered that honourable Prime Minister of Bangladesh feels safe in Bharat but all those who live in India and keep asking why Hindu Rashtra? Why Ram Rajya? Well it is evident why!!! »No one is safe in Muslim countries not even Muslims themselves. Unfortunate whatever is happening in Afghanistan, Pakistan, Bangladesh and Britain. We are lucky to be living in Ram Rajya," the 38-year-old MP, who has often courted controversies with her remarks, said in a post on X.
05.08 / 16:47
security
students
Freedom
show
country
Mint Explainer: Why India needs to have a wary eye on the Bangladesh coup
Mint goes into the details on the latest developments in Bangladesh and the implications for India. The protests were triggered by students seeking the dismantling of quota-based reservations in government jobs. The unrest snowballed after a court ruling in June reinstated reservations in government jobs.
05.08 / 15:35
Election
students
show
country
Courts
Now Bangladesh shows the risk posed by unresolved job crises
With Prime Minister Sheikh Hasina Wajed's resignation and flight and the army's assumption of power, albeit in the guise of an interim government, military rule has returned to Bangladesh over three decades after it was forced out in 1990. Parliamentary elections were held in 1991, and elected governments have held office in the country since.
05.08 / 13:18
COST
Citi
Manufacturing
Pool
country
innovations
reports
Bangalore remains frontrunner in GCC office leasing, followed by Hyderabad Chennai
Bengaluru: Global Capability Centers (GCCs) in India have leased approximately 53 million square feet of office space in key Indian cities between 2022 and the first half of 2024, such as a highly skilled workforce, cost advantages, and favourable business conditions, according to CBRE and Zyoin's latest report. This growth is expected to continue, especially in India's top six metropolitan areas like Bengaluru, Hyderabad, Chennai, Pune, Delhi-NCR, and Mumbai, due to factors which boast exceptional talent pools that are conducive to expansion and future development. In the first half of 2024, office leasing activity in the GCC (Gulf Cooperation Council) region across six significant cities increased 8% year-on-year. During the same period, GCCs contributed to around 37% of India's total office leasing activity.
05.08 / 13:07
Provident
security
Parke
country
reports
Sheikh Hasina lands at Hindon Air Base, after resigning as Bangladesh PM
Sheikh Hasina, who resigned as Bangladesh Prime Minister following massive anti-government protests, landed at Hindon Air Base in a C-130 transport aircraft on Monday, as per ANI sources. The aircraft will be parked near the Indian Air Force’s C-17 and C-130J Super Hercules aircraft hangars. The aircraft movement was monitored by Indian Air Force and security agencies from its entry into Indian airspace to Hindon airbase in Ghaziabad, the sources added. Hasina resigned on Monday and left the country, reports from Dhaka said.
05.08 / 12:21
markets
Strategy
Nikkei
wellness
Trade
Experts
country
Yen yorker: What is the 'yen carry trade’ that’s causing a global stock rout?
Mint looks at the reasons behind the global ‘stockocalypse’: Global markets were in a sea of red, led by Japan, where the benchmark Nikkei tumbled 12.40%, marking its largest one-day fall since ‘Black Monday’ in October 1987. The broader Topix index crashed 12.48%. Such was the intensity of the selloff that circuit breakers temporarily halted trading of futures for the Topix as well as the Nikkei 225.
05.08 / 12:12
markets
UPS
Airlines
economy
country
Schools
Organised loot by airlines in jacking up fares to Gulf countries: MP in Rajya Sabha
Gulf countries during the June to September holiday season have risen five-fold, causing financial hardships to poor labourers and the middle class migrants who want to visit India, a Rajya Sabha member said on Monday, asking the government to stop this "organised loot". Raising the issue +through a Zero Hour mention in the House, Jebi Mather Hisham (Congress) said June-September is normally a school holiday season in the Middle East countries but this has turned into a «horror season» due to the «exorbitant, exploitative and extortionist» airfares implemented by the airlines. «We call it organised loot because it (the fare hike) has not doubled or tripled but has increased by more than five times,» she said. Against the one-way fare of Rs 8,000 from Gulf countries to Kerala, a poor labourer is now having to shell out Rs 46,000 one-way and about Rs 1 lakh for return fare.
05.08 / 12:01
COST
Aviat
Airlines
Enterprise
Universities
country
rights
IndiGo will always remain a low-cost airline: Rahul Bhatia
NEW DELHI : India's largest airline IndiGo (InterGlobe Aviation Ltd), which offered low-cost all-economy seats so far, has announced the launch of ‘IndiGo Stretch’ business class. The airline, which started in 2006 with 100 aircraft in the pipeline, now has a fleet of over 380 aircraft and expects to receive more than 970 aircraft over the next decade. Mint spoke to the airline's promoter and managing director, Rahul Bhatia, about the airline's journey and what lies ahead as it enters the next phase of business with long-haul operations and business class seats.
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