Country Financial News

23.07 / 18:18

COST Provident Manufacturing Enterprise Trade country New, emerging sectors primed for heavy lifting

₹11.11 trillion. The multiplier effect of this will support demand for commodities such as steel and cement and is also in sync with India’s plan to improve its logistics efficiency. Second, emphasizing the vision for energy transition provides support to India’s journey towards non-fossil fuels, which will allow the country to decarbonise while it pursues faster growth.

23.07 / 18:01

markets COST Coca-Cola country innovations reports India helps Coca-Cola to gain 2 pc volume growth, post 400 million transactions in H1

Coca-Cola Company on Tuesday reported a 2 per cent unit case volume growth in the second quarter of 2024 driven by growth in India, Brazil, and the Philippines. The company, which is leveraging packaging innovation in India by utilising an ultra-lightweight affordable bottle with an extended shelf life, said the package is now available in over half of the country's commercial beverage outlets and has added more than 400 million transactions in the first half of the year.

23.07 / 17:00

markets FIVE Strategy economy WhatsApp country Govt to release financial sector vision, strategy document for 5 years

government on Tuesday said it will bring out a financial sector vision and strategy document for five years, with the objective to meet the financial needs of the country. «For meeting financing needs of the economy, our government will bring out a financial sector vision and strategy document to prepare the sector in terms of size, capacity and skills,» Finance Minister Nirmala Sitharaman said while unveiling Budget 2024-25 in the Lok Sabha.

23.07 / 14:58

COST Citizens Sustainability country inclusion innovations Destinations Budget aims to position India as a global leader in maritime innovation: Minister Sonowal

maritime innovation, sustainability and economic growth. Shipping reforms are expected to generate significant employment opportunities and strengthen India’s maritime capabilities

23.07 / 14:53

UPS Citi Progressive Highways country cover The good allies: Bihar gets ₹47,400 cr for infra; AP ₹15,000 cr for capital

₹58,900 crore. This is made up of ₹26,000 crore for the construction of highways and a 2-lane bridge on the river Ganga at Buxar, ₹21,400 crore for power projects, including a new 2400 MW power plant at Pirpainti in Bhagalpur district, and another ₹11,500 crore in special financial assistance for flood management, Similarly, for Andhra Pradesh, finance minister Nirmala Sitharaman announced special financial support of ₹15,000 crore for a new capital city, fulfilling commitments made in the Andhra Pradesh Reorganization Act.

23.07 / 14:51

UPS Experts country exclusive information rights Budget 2024: Govt announces measures to speed up insolvency resolution

MUMBAI : Union finance minister Nirmala Sitharaman on Tuesday stressed on the importance of strengthening the insolvency tribunals and increasing their numbers to speed up the insolvency resolution process. “Appropriate changes to the Insolvency and Bankruptcy Code (IBC), reforms and strengthening of tribunals and the appellate tribunal will be initiated to speed up insolvency resolution. Additional tribunals will be established.

23.07 / 14:46

Citi Target Waters Action Food wellness country Sitharaman’s budget has some hits but a few misses too

₹16.13 trillion (4.9 % of GDP), is lower than the 5.1 % of GDP targeted in the interim budget. The latest GDP estimate for 2024-25 of ₹326.37 trillion is close to that used in the interim budget. Even so, the absolute reduction in the FD budgeted, by ₹72,000 crore, is more informative than in terms of percentages of GDP.

23.07 / 14:37

Citi FIVE Citizens Election wellness country rights Bengaluru voted for BJP, but Budget2024 gave little in return, says Mohandas Pai

Bengaluru, despite the city and surrounding constituencies electing five BJP MPs and Finance Minister Nirmala Sitharaman representing Karnataka in the Rajya Sabha, Aarin Capital chairman TV Mohandas Pai said on Tuesday.

23.07 / 14:36

Target Racing Election President country International Is Joe Biden fit for U.S President? This lawmaker calls for invoking 25th Amendment amid cognitive coverup

Senator Eric Schmitt from the Republican Party has written a letter to Cabinet members of the Biden administration and Vice-President Kamala Harris urging them to invoke provisions of the 25th Amendment of the US Constitution. This development follows the decision of Joe Biden to end his election campaign. He will continue to serve as the US President.

23.07 / 14:31

Racing Election wellness President country reports US Presidential Election US Presidential Election 2024: Why have Barack Obama and Nancy Pelosi not yet endorsed Kamala Harris?

US President Barack Obama put pressure on Joe Biden to step aside and allow someone else to contest the US Presidential Election 2024, he did not rush to endorse Vice President Kamala Harris. He is yet to endorse the first woman vice president of the country for the highest office. Obama is not alone in doing so. Many senior Democrats including former House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer, and House Democratic Leader Hakeem Jeffries declined to immediately endorse Kamala Harris, reports 'Fortune'. Instead, they praised the incumbent president for the service he has rendered to the nation.

23.07 / 14:24

markets COST Provident security country travelers Budget 2024: How tax changes impact investors

Budget, presented by Finance Minister Nirmala Sitharaman, introduces significant changes to the taxation of capital assets and capital gains. These amendments aim to rationalize capital gains tax provisions and bring parity across different asset classes and types of investors. While the amendments are indeed welcome as they simplify the hitherto complicated capital gains tax provisions in India and largely bring listed and unlisted shares at par amongst resident and non-resident sellers.

23.07 / 14:19

Digital Fox Racing Election President country Inside Was Joe Biden suffering from Mild Cognitive Impairment when he took over as US President? Did he mislead country? The Inside Story

US President Joe Biden keep on telling lies regarding his health? Was he suffering from mild cognitive impairment (MCI), when he took over as the commander-in-chief of the armed forces in 2021? Did the president mislead the country for a long time and not reveal the real condition of his cognitive health?

23.07 / 14:16

Provident Manufacturing Dreams WhatsApp wellness country prevention Budget will usher in new era of employment, opportunities: Amit Shah

Amit Shah on Tuesday said Budget 2024-25 will fuel the country's pace on the path of emerging as a developed nation by ushering in a new era of employment and opportunities. He also said the budget reflects Prime Minister Narendra Modi's «unwavering commitment» to driving economic growth by bolstering India's entrepreneurial power and ease of doing business.

23.07 / 14:13

Action Entertainment BBC Celebrity show country dance Strictly Come Dancing to be cancelled this year? BBC boss reveals all details

BBC director-general Tim Davie on Tuesday revealed all details pertaining to the show's future.

23.07 / 14:13

Booking CEO Strategy MakeMyTrip country travelers International MMT clocks highest ever gross bookings in Q1FY25

Rajesh Magow, group CEO of MakeMyTrip said its gross booking value for quarter one was more than $2.4 billion, with growth at 22% year on year in constant currency terms, and the adjusted operating profit was $39.1 million registering a growth of 30% year on year.

23.07 / 14:03

markets Target Trade show country prevention Rupee closes at an all time low on LTCG and STCG tax increase

markets after Finance Minister Nirmala Sitharaman proposed to increase tax rates on long-term capital gains (LTCG) and short-term capital gains (STCG). The rupee ended at 83.687/$1, after slipping to a record intraday low of 83.71/$1 during the day, LSEG data showed. The previous all time low was ar 83.67/$1

23.07 / 13:55

Airlines pandemic Microchip country travelers prevention Requirements simplified for bringing dogs into U.S. from rabies-free, low-risk countries

U.S. Centers for Disease Control and Prevention, dogs that have spent the prior six months only in dog rabies-free or low-risk rabies countries, such as Canada, will now be able to enter with a CDC import form online submission receipt as acceptable documentation.This form can be filled out on the day of travel and the receipt can be shown to airlines and border officials as a printed copy or by phone.

23.07 / 13:39

Provident Digital economy Research country inclusion innovations Pragmatic Budget for transformative growth in Northeast India: Industry bodies

Northeast India hailed the Union Budget 2024-2025 as a positive step towards the holistic development of the northeastern states.

23.07 / 13:30

WhatsApp wellness Trade country reports International Budget 2024: Govt reiterates rupee internationalisation commitment but not so easy, say bankers

Nirmala Sitharaman has reiterated the government's intention to promote the rupee as an international currency.

23.07 / 13:29

COST students country testing Courts Colleges India's 'NEET' medical exam scandal drives students abroad

23.07 / 13:28

UPS CEO MakeMyTrip country reports travelers MakeMyTrip Q1 Results: Company posts $21 million profit, revenue up 31%

MakeMyTrip Ltd on Tuesday reported a profit of USD 21 million for the June quarter. The company said its June quarter profit included income tax expenses of USD 8.5 million due to a reversal of the deferred tax assets. In the first quarter of the last fiscal, the company had posted a profit of USD 18.6 million.

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