Country Financial News

24.07 / 18:46
UPS Cooper Progressive security Trade country India, UK launch Technology Security Initiative led by NSAs
India and the United Kingdom are launching a new 'Technology Security Initiative' (TSI) to elevate the strategic partnership between the two countries to the next level. This was announced during visit of UK Foreign Secretary David Lammy. The TSI will be coordinated by the National Security Advisors (NSAs) of both countries through existing and new dialogues. The NSAs will set the priority areas and identify interdependencies for cooperation on critical and emerging tech that will, in turn, help build meaningful technology value chain partnerships between two countries, officials said. The progress made on the initiative will be reviewed on a half yearly basis at Deputy NSA level. «We will also set up a bilateral mechanism led by India's Ministry of External Affairs and the UK government for promotion of trade in critical and emerging technologies, including resolution of relevant licensing or regulatory issues,» an official said.
24.07 / 18:01
Death Trade country Courts Why lawyers want to look hot in July
public prosecutors when it issued directives at improving their 'working conditions'. If the FM's job was to make the country happy — or, at least, not unhappy — in her budget speech, the high court was to do the same for lawyers in the Capital. But one thing seems exceedingly odd to us all over again. No, not so much that the court recognised the need for adequate professional attire for public prosecutors by ordering an annual dress allowance of ₹10,000, but that these lot still prefer wearing those long black robes with a sticky white collar as if they ply their legal trade not in the tropics but in the Inns of Court in autumn. 'Given the formal attire required in court, it is appropriate to grant a dress allowance to public prosecutors,' the court order read. What it didn't 'read' was why they like wearing black (heat-absorbing) robes and starched collars from some foreign period drama during Cornwallis' time, and not just formal professional clothes like any other profession? The public prosecutors like to 'fancy dress', we suppose, in accessories that have their origins in the black mourning robes that English lawyers wore after the death of the earlier King Charles in 1685. Why don't they take the ₹10k dress allowance but wear something less mournful and 17th c?
24.07 / 18:00
UPS Citizens Remark Election country TMC leader Abhishek Banerjee slams Budget as "anti-people', says NDA is on "borrowed time"
Trinamool Congress leader Abhishek Banerjee on Wednesday launched a strong attack on the Modi government, alleging that the Union Budget lacks clarity or vision, it has been rolled out to satisfy the coalition partners of the BJP and that it «was planned by two individuals to keep another two in good faith».
24.07 / 16:19
Election President Pride country International Sporting Nita Ambani unanimously re-elected as International Olympic Committee member from India
Nita Ambani, a renowned philanthropist and founder of Reliance Foundation, has been unanimously re-elected as a member of the International Olympic Committee (IOC) from India at the global olympic body's 142nd session in Paris.
24.07 / 16:15
Target Citizens country reports travelers Department US revises travel advisory for India; says don't travel to Manipur, J&K, India-Pak border and Central & East India
Jammu and Kashmir, the India-Pakistan border, and parts of central and eastern parts of the country where Naxalites are active. In a revised travel advisory for India, the State Department said it has updated to reflect information on the northeastern states.
24.07 / 16:02
Target MET performer track country testing India successfully tests ballistic missile defence system
India on Wednesday successfully flight-tested Phase-II Ballistic Missile Defence System from off the Odisha coast, the government said in a statement. The test demonstrated India's indigenous capability to defend against ballistic missiles of 5,000 km class, it said.
24.07 / 15:14
Provident Digital Justice country prevention Courts Relationships Relief for HeroMoto chairman Pawan Munjal as Delhi High Court quashes DRI proceedings against him
Delhi High Court on Wednesday quashed proceedings against Hero MotoCorp Chairman Pawan Munjal in connection with a foreign currency case registered by the Directorate of Revenue Intelligence in 2022. Justice Manoj Kumar Ohri “allowed” the Munjal’s appeal seeking quashing of all proceedings pending before the Additional Chief Metropolitan Magistrate, Patiala House Court. It also set aside the Additional Chief Metropolitan Magistrate's July last year’s order that summoned Munjal in the case.
24.07 / 14:20
UPS students Universities country Schools Colleges Smalltown students benefit as billionaire banker pledges $150M
Byron Trott, who grew up in a small Missouri town and became one of the world’s top bankers, will spend $150 million over 10 years to help more private colleges and public universities recruit rural students.
24.07 / 13:46
UPS Progressive WhatsApp show country Criticism of Budget by Oppn reveals their political frustration, negative attitude towards backward states: BJP
Union Budget and said it reveals their political frustration and negative attitude towards «some backward states» that need special focus and assistance for development. The BJP's reaction comes against the backdrop of the Congress and other constituents of the opposition INDIA bloc accusing the government of presenting a «discriminatory» budget towards opposition-ruled states after Finance Minister Nirmala Sitharaman made a host of budgetary announcements for Andhra Pradesh and Bihar on Tuesday.
24.07 / 13:27
Cooper security Photos country reports International SCO countries hold anti-terror drills with member states in China
Shanghai Cooperation Organization (SCO) held a joint anti-terrorism drill in China focussing on live drills and specialised operations such as the «eradication of terrorist groups,» China's Ministry of Public Security has said. The 'Interaction-2024' joint counter-terrorism exercises were held recently in northwest China's Xinjiang Uygur Autonomous Region, the Ministry said.
24.07 / 13:27
UPS Manufacturing Trade country reports Petronet LNG Q1 results: Profit jumps 45% to Rs 1,142 crore, revenue up 15%
Petronet LNG (PLL) reported a 45% jump in the first quarter profit to Rs 1,142 crore as a scorching summer boosted capacity utilization of its import terminal, sending its shares up 5% on Wednesday. Petronet’s revenue from operations rose to Rs 13,415 crore in the April-June quarter, up 15% from Rs 11,656 crore in the year-earlier period.
24.07 / 12:18
markets COST UPS security Fallout country Budget 2024: Realty, banks, defence among 9 sectors that appear short term losers. Here's why
asset management companies (AMCs), real estate, consumer, defence, OMCs and select stocks in the new age space according to estimates by top brokerages. Here's what they say on sectors, stocks:
24.07 / 11:44
markets Platform Enterprise wellness country inclusion Courts Canadian tech company valued at US$3 billion after latest round of fundraising
A British Columbia legal tech company has raised US$900 million, drawing in new investors Goldman Sachs Asset Management and Silicon Valley’s New Enterprise Associates Inc. and valuing the company — whose backers already include the Ontario Municipal Employees Retirement System (OMERS) — at US$3 billion.
24.07 / 11:35
COST UPS Experts country cover shock Budget 2024: 3.5x surge in capital gains tax on CCDs stuns foreign investors
Mumbai: India’s latest union budget had a rude shock for foreign investors because their tax liability on capital gains in the country will surge across asset classes, experts said, which is likely to make them weigh the impact of the move before investing in the country. The biggest hit will be on foreign direct investments (FDI) in compulsorily convertible debentures (CCD), where the income tax rate on capital gains has gone up to 35% from 10%. Earlier, gains on unlisted CCDs held directly by foreign companies for more than three years were treated as long-term capital gains (LTCG) and taxed at 10%.
24.07 / 11:32
markets Provident economy wellness country social Balancing fiscal prudence while strengthening drivers for a self-reliant economy
₹1.48 trillion for education, employment and skilling is well intended. India as a country of over 1.4 billion people needs more jobs and employable talent. The push to increase participation in the Employees' Provident Fund Organisation (EPFO) is a critical step toward formalizing the labour market.
24.07 / 11:28
UPS Citi Target wellness Celebrity country Doesn't take long for time to change: Selja cautions Nitish Kumar, Chandrababu Naidu
Budget a collection of «jumlas», senior Congress leader Selja cautioned NDA members Nitish Kumar and N Chandrababu Naidu that they may celebrate today for getting a large share but it doesn't take long for time to change. Selja initiated the discussion on the Budget and questioned how target groups were identified without a caste census.
24.07 / 11:09
markets UPS FIVE wellness President country Nissan looks to rev up India operations; lines up product launches over next 30 months
Nissan is looking to introduce five models over the next 30 months, as it looks to reboot its operations in the fast-growing Indian car market. The company, which is selling just one model in the country currently, is planning to drive in two mid-size SUV models (one five-seater and one seven-seater), one electric SUV and a refreshed version of its compact SUV Magnite.
24.07 / 11:02
markets UPS Target country blues inclusion Budget to boost leather and footwear sector, says Rajendra Kumar Jalan, Chairman, CLE
Union Budget 2024-25 will stimulate exports and employment generation in leather and footwear sector, acording to Rajendra Kumar Jalan, Chairman, Council for Leather Exports (CLE).
24.07 / 10:38
UPS Fighting War country volunteers Ukraine grapples with motivating new millitary recruits
troops moved through the forest in east Ukraine at dawn, imitating assault rifle fire while searching for non-existent Russians between the trees.
24.07 / 10:23
Parke WhatsApp Instagram country social Schools Features Meta AI available in Hindi, 6 other new languages
Meta AI is now available in seven new languages, including Hindi, according to the social media giant. The move, which extends capabilities of Meta's AI assistant in the multilingual domain, essentially means users will be able to also interact with Meta AI across WhatsApp, Instagram, Messenger and Facebook in these new languages.

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