Country Financial News

Kamala Harris as a potential replacement. She has remained mum on this issue and has fully extended her support to Joe Biden. The New York Times has reported that the VP is actively considering the prospects of gunning for the top position and is also discussing the possible names of those who can be her running mate and who will contest the Vice-Presidential election. The candidate will have to be white man from a swing state who can help the party garner the required votes.

Nearly 40 per cent of recent immigrants to Canada are considering moving to another province or leaving the country altogether due to a lack of housing affordability, a recent poll conducted by the Angus Reid Institute suggests.

Arvind Kejriwal, arrested in Delhi excise scam cases, seeking additional virtual meetings with his lawyers. Justice Neena Bansal Krishna granted the prison authorities five days to file a reply and listed the matter for argument on July 15. Kejriwal has challenged a trial court's July 1 order rejecting his application for directions to the prison authorities to grant him two additional meetings in a week with his lawyers through video conference. At present, the jailed Aam Aadmi Party national convener is allowed two meetings with his lawyers per week.

British regulators have slashed proposed rate increases by water companies, crimping revenue at a time they are struggling to persuade investors to finance efforts to reduce sewage spills that have fouled waterways around the country

Leaders across Europe have reacted with relief mixed with concern to the result of the French legislative election

Britain’s new Treasury chief says the Labour government will make stimulating economic growth its mission while limiting bureaucracy to allow for easier investments

MSMEs within 45 days of buying goods and services to check large corporate from looking at other sourcing avenues, sources said. The announcement to this effect could be made in the Budget likely to be presented on July 23. The government is considering suggestions regarding changes to Section 43B(h) of the Income Tax Act made by MSMEs during pre-Budget consultations, sources said. The government in last year's Budget added a new clause under Section 43B of the Income Tax Act to address the challenge of delayed payments faced by MSMEs in the country.

The most notable thing about the annual Mercosur summit kicking off in Paraguay is an absence — that of Argentine President Javier Milei

Budget 2024: With anticipated economic growth and energy transition, India’s power sector is at the forefront of the government’s focus. The country aims for 500 GW of renewable energy by FY30 and 85 GW of additional thermal capacities by FY32. ET looks at the challenges and budget wish list of the sector. State of Play India’s current installed power capacity is 444.75 GW of which 54.6% is thermal, while the rest are clean sources of energy.

Budget 2024: As Finance Minister presents Union Budget on July 23 that will set the roadmap for the next five years of Prime Minister's third term, the e-commcerce sector hopes for a push towards Open Network for Digital Commerce (ONDC) and amendment of overall policy. Read More: Budget 2024 date: Finance Minister Nirmala Sitharaman to present Union Budget in Lok Sabha on July 23 «My expectation from the Government of India is to promote ONDC further because ONDC is in a way becoming an e-commerce platform for the small traders of our country, so we should talk about the creation and amendment of the overall e-commerce policy and about the enhancement of platforms like ONDC which have been created by the Government of India...» said Vijay Shekhar Sharma, Founder of Paytm.

Mint’s requests for a comment, Lal Sweets’ managing director Prateek Athwani declined to comment on the developments. Founded by Athwani, the Bengaluru-based company has exposure across general trade, modern trade, online marketplace, exclusive airport outlets and the export market. Lal Sweets is known for its ‘signature products’ such as Mysore Pak, Besan Laddoo, Kaju Katli and Dharwad Peda, as per the company’s official website.

Turkmenistan and Iran on Wednesday signed a contract for the delivery of 10 billion cubic meters a year of Turkmen gas that Iran will then ship on to Iraq. The deal was announced by Turkmenistan's foreign ministry, which did not state the monetary worth of the contract. The ministry's statement said Iranian companies will construct a new 125-kilometer (77-mile) pipeline to Iran to expand Turkmenistan's delivery capacity. The ministry said Turkmenistan plans to increase its gas supplies to Iran to 40 billion cubic meters a year.

Tesla's best-selling Model Y was included in a list of electric and plug-in hybrid models that a local government in China can purchase as a service car, according to the official Chinese media outlet the Paper on Thursday. It was the first time Tesla's cars have been made eligible for government purchases in China, the Paper added. China's eastern Jiangsu provincial government published 56 batches of new energy vehicle procurements for use as service cars by party, government and public organisations in a government statement on June 6.

India is likely to see above-average rainfall in July, the Indian Meteorological Department said on Monday. The monsoon will cover entire country ahead of normal schedule, IMD said. There is 80 per cent probability of normal to above-normal rainfall in July. Delhi is expected to get heavy to extremely heavy rainfall in the ongoing month, as per the Indian weather office. A favourable monsoon forecast spells would bring bucketloads of relief for India, many parts of which reeled from extreme heat even in June. This was the warmest June in Northwest India since 1901.

British voters are picking a new government in a parliamentary election Thursday that is widely expected to bring the opposition Labour Party to power

Bengaluru: For the first National Space Day, which will fall on August 23, to commemorate the safe landing of the Vikram Lander near the southern polar region of the moon, the Indian Space Research Organisation (ISRO) will be organising Bharatiya Antariksh Hackathon. Following the Vikram landing, Prime Minister Narendra Modi had announced that «National Space Day» will be celebrated on August 23 every year. Announcing the hackathon on July 4, chairman of ISRO, S Somanath said 12 problem statements in the areas of geospatial domain, space science, image processing, and AI/ML areas are identified for the hackathon and declared open for undergraduate/ postgraduate/PhD students across the country.

T20 World Cup-winning skipper Rohit Sharma will continue to lead India in the ODI and Test formats BCCI secretary Jay Shah said on Sunday, exuding confidence that the country will win next year's Champions Trophy and World Test Championship under his captaincy. The 37-year-old Rohit, who became the third Indian captain after legendary Kapil Dev and Mahendra Singh Dhoni to win a global trophy, has announced his retirement from the T20 format. «The next stage is the WTC final and the Champions Trophy. I have full faith in Rohit Sharma's captaincy, that we will be the champions in both these tournaments,» secretary Shah said in a video message. The Champions Trophy, scheduled in Pakistan next year, will be held after eight years (since 2017 in UK), and even though the draft schedule has been submitted to the ICC, the BCCI hasn't yet given its green light to it.

Restaurant Brands International says it’s spending up to $45 million on two deals intended to boost its presence in China and spur growth in what the company sees as a promising market.

Vast swathes of Indonesia’s old-growth forests are left undeveloped for years after they're felled

ISRO Chairman S. Somanath emphasized the necessity of international collaboration in developing planetary protection systems against asteroids, asserting that no single country can undertake this task alone.

Indian real estate has become a lucrative investment destination for NRIs. The high demand for real estate among the NRI community has grown significantly in the last 4-5 years due to various factors. These factors include India’s growth outlook, the boom in the Indian real estate market, the perception and confidence in real estate as a stable asset class, fluctuations of the USD against INR, and the sentimental value attached to the homeland. The interest of NRIs in Indian real estate presents a significant opportunity for the real estate industry to capitalize on and can serve as a major catalyst for the Indian economy. Here are some policies and reforms that could enhance NRI investments in India.