Country Financial News

Turkmenistan and Iran have signed a contract for the delivery of 10 billion cubic meters a year of Turkmen gas that Iran will then ship to Iraq

French President Emmanuel Macron has refused the resignation of the country’s prime minister, asking him to remain temporarily as the head of the government after chaotic election results left the government in limbo

Delhi CM Arvind Kejriwal over unsolved issues of water scarcity and garbage in the city by Arvind Kejriwal and said " The way the Aam Aadmi Party (AAP) and Arvind Kejriwal have created a chaos in the country's capital, Delhi due to their dishonesty has created chaos. Every citizen in the city is suffering now because of their irresponsibility." The minister's attack came after several areas in Delhi's Bawana area came under flood when the Munak Canal Barrage sustained a breach on Thursday morning. Hitting out at the AAP government in Delhi the Union Minister said «They made false promises of cleaning the city and providing drinking water, closing drainages but they have not done anything. They could not provide the people with drinking water but focused totally on liquor.

The FanDuel sports book took bets on some mixed martial arts fights on April 1, 2022

AirAsia on Tuesday announced it will bring an innovative 'cinematic in-flight' experience for movie-goers to selected cinemas across the country to showcase its destinations as part of the movie-goers experience. AirAsia said the initiative is aimed at inviting travellers from India to discover the hidden gems of Asia and Australia and beyond through its network that will soon connect 16 cities in India to over 130 destinations across its network via Malaysia and Thailand. The collaboration will enhance AirAsia's outreach via more than 130 cinemas across 12 cities over the next six months, AirAsia's Chief Commercial Officer Paul Carroll. As part of this initiative, movie-goers will stand the chance to win AirAsia tickets to anywhere across its network, Carroll said, adding during this period, AirAsia will also be collaborating with more than 130 local travel content creators to showcase its destinations to Asia, Australia and beyond, spanning bustling cities, serene beaches, historic landmarks, and vibrant local cultures.

American Petroleum Institute CEO Mike Sommers discusses the country's energy independence and lawsuits against Biden's EV mandates.

nuclear weapons have been well documented by the Hiroshima-Nagasaki bombings. What happens when nuclear weapons orbit the earth from space? This question has assumed importance since Russia launched the Cosmos 2553 satellite in 2022, just before its invasion of Ukraine. Presently, no one with the exception of Russia knows what exactly this satellite does. A member of the US Congress recently highlighted a pressing national concern. Many took this as a warning regarding the Cosmos 2553. The consequences are terrible and the US has been working towards the adaption of a resolution in the UNSC against the weaponization of space.

electric vehicle (EV) policy to incentivise automakers that have already made investments in the country, people in the know told ET. This comes as US electric carmaker Tesla Inc is still to make any firm commitment on building a factory in India. The policy, which aims to accelerate the local manufacturing of high-end electric cars, currently supports only fresh investments. Consultations are also on with stakeholders on another key issue troubling carmakers. Govt Preparing SOPs The government may potentially consider investments in plants producing both internal combustion engine and electric vehicles as eligible for incentives to add scale and make large investments viable for automakers, the people said. About half a dozen carmakers such as Volkswagen-Skoda, Hyundai-Kia and VinFast have expressed interest in the new policy, the Scheme for Manufacturing of Electric Cars (SMEC), the people said.

Congress is a «parasite» that feeds off its allies and mocked Leader of Opposition Rahul Gandhi for his «juvenile behaviour». Replying to motion of thanks on the President's address in Lok Sabha, Modi said, «After 2024 elections, Congress will be termed a parasite. It won 99 seats by living off the vote share of its allies. A parasite feeds on the body it inhabits and, similarly, Congress consumes the votes of its allies. It flourishes at the expense of its partners.» He said 2024 was the third consecutive defeat of Congress when it failed to breach the 100 mark. «But they are busy doing 'Sheershasana' (headstand) and trying to establish in the minds of people that they have defeated us… This is like trying to pacify a child.»

Canada’s poor productivity is the result of a lack of investment in business and technology while investment in housing has soared, says a new report from the Fraser Institute.

NEW DELHI : Private companies spending lakhs of rupees on training their employees may receive an additional boost in the upcoming budget to ensure their workers are skilled enough to be among the world's best. The finance ministry is evaluating a proposal to incentivise private companies to train and upgrade the skills of their workers, two officials aware of the development told Mint.

Narendra Modi landed in Russia for a visit on Monday and Tuesday — the first time in five years. He’s expected to hold talks with President Vladimir Putin to help re-energize relations between the two countries and likely deliver strategic deals. Russia and India are likely to agree on a long-term uranium supply pact for a nuclear power plant coming online in Tamil Nadu, said senior officials with knowledge of the matter. During the visit, India and Russia are also expected to sign an agreement allowing the military to use each other’s facilities for training, port calls and humanitarian assistance and disaster relief operations, said the officials who asked not to be named due to the sensitivity of the matter.

Mint. To capture the growing opportunities in pre-IPO and late-stage companies, Sharma is also evaluating a secondaries fund. “While it’s too early to comment on this, we are definitely looking at these options as there is a lot of demand for secondaries now," he said.

LIC on Thursday announced the launch of 'Jeevan Samarth', an initiative aimed at transforming the agency ecosystem. To achieve this, Life Insurance Corporation (LIC) has partnered with a global consulting firm, which will undertake this agency transformation project by reviewing its existing agency framework on an end-to-end basis. It will also entail revamping the agency operations at the branch, division and zonal level directed towards establishing global best practices in the wake of the fast-changing industry and regulatory landscape of the insurance sector, LIC said in a statement. LIC Chief Executive Officer and Managing Director Siddhartha Mohanty said, «Through the 'Jeevan Samarth' project, we aim to transform our agency ecosystem to align with the rapidly evolving needs of millions of Indian families and provide them suitable long-term savings, protection, health insurance, ULIP and pension solutions».

Dalai Lama's next move. Their top-of-the-mind question is whether the Tibetan leader will be announcing his successor. Supporters of the 14th Dalai Lama, which include US lawmakers, are worried that China will try to beat him in the race and declare its own 15th Dalai Lama. 'They have even attempted to insert themselves into the succession of the Dalai Lama. We will not let that happen,' said Republican chair of the US House Foreign Affairs Committee Michael McCaul. For Tibetans living in China and spread across several countries, the Dalai Lama is a 'living Buddha' and represents the symbol of Tibetan identity and Chinese repression. He escaped from Tibet to India in 1959 after Chinese troops took over Tibet and indulged in a bloodbath.

Estonia’s ruling center-right Reform Party has chosen Climate Minister Kristen Michal to replace outgoing leader Kaja Kallas as prime minister of the Baltic country

Kenya has an affordable housing problem

Joe Biden who were rooting for him these elections, are going through the same feeling you would go through while investing in a shaky bank. After the reigning President' dismal performance in the US Presidential Debate against a tough adversary, Donald Trump, many influential politicians, pollsters and analysts have called for Biden's resignation from the poll race.

French President Emmanuel Macron's decision to align with the Leftist New Popular Front (NFP), that emerged as the shock winner of the French parliamentary elections held on Sunday, has now instilled a fear among the wealthy bracket of France, who are dreading the return of wealth taxes in the country.

construction companies in the June 2024 quarter is expected to remain muted due to delay in obtaining clearances related to acquisition of land parcels, severe heat wave across various parts of the country, and slack in construction activities amid the general elections held during the quarter. Revenue of these companies is expected to grow by 2-7% year-on-year while net profit may increase by 3-10%. In the year-ago quarter, these companies had reported a strong profit growth of 33-53% while revenue had grown by 2-33%. In FY24, revenue and profit had increased in the range of 9-34% and 9-69% respectively. According to the data shared by the Ministry of Road Transport and Highways (MoRTH), the construction of national highways fell by 12% year-on-year to 1,288 km in the first two months of FY25. This fall was largely because of weak awarding of projects. Historically it has been observed that the awarding of road projects slows down when there are general elections in a fiscal. A weak order flow coupled with a slow pace of project execution will culminate into muted revenue and profit growth for the sector.

Mint soon after a town hall with engineers at Siemens Ltd, the conglomerate's Indian subsidiary. On Thursday, Siemens shares touched a lifetime high of ₹7950, marking an 112.43% return on investment over the past year. India's economic growth rate of 6-7% significant and speaks for itself; however, if the share of industry in India's GDP grows from the current 17% to 25%, this would add a potential $1 trillion to the economy, he added.