Country Financial News

Philippines Coast Guard has successfully tracked and challenged the Chinese Coast Guard (CCG) ship 5901 after it anchored in the Exclusive Economic Zone of Philippines. The ship was spotted in the South China Sea. Further, this ship is considered to the largest coastguard ship in the world and even larger than all most all of the US Coast Guard ships. It is said to be larger than even some of the regular ships of the US Navy fleet too. This deployment is yet another aggressive step taken by the Chinese and is being perceived as an act of intimidation and an utter disregard for international maritime law.

The Bahnsen Group founder and CIO David Bahnsen surveys the real estate market as younger homebuyers struggle with the ongoing housing crisis. 

France had held an early parliamentary election that could bring the country’s first far-right government since Nazi occupation during World War II

Joe Biden contesting the upcoming Presidential Election in November. While many in the House of Representatives have openly voiced their concerns against Biden after the first presidential debate, those in the Senate have remained quiet till day. This may change soon. There are multiple reports indicating that various Senators belonging to the Democratic Party have gathered in Washington to discuss the political situation in the country. There are also growing number of Senators who are demanding answers from Biden and sought assurances on the way forward. This has been reported by The Hill.

Foreign Secretary Vinay Kwatra expressed confidence and said that this trip would help us broaden the scope of our partnership, along with helping to address issues of regional and global importance of mutual interest «The visit, we are confident, will allow us to discuss various areas of importance in bilateral engagement as well as issues of regional and global importance of mutual interest and help broaden the scope of our partnership,» said Foreign Secretary Vinay Kwatra on PM Modi's first visit to Austria.

SEOUL—Jordan Daniels, a 31-year-old pianist and software engineer in California, posted a cover of a catchy new tune on TikTok. One aspect of the ditty, “Friendly Father," made Daniels uneasy: It is propaganda from North Korea, the communist country led by brutal strongman Kim Jong Un. “He’s like this dictator," Daniels said.

Canada is a highly preferred migration destination worldwide, according to recent data. The North American country has become the world's most sought-after immigration destination after more than 1.5 million people looked for information on moving there online in the last year. The stunning scenery and good standard of living in Canada are major factors in this fascination, as per the reports in The New York Post.

Myanmar’s state-run media say the country's military government has arrested a Japanese business executive, along with dozens of local businessmen, for allegedly selling rice at prices well above the officially regulated ones

Wind energy is booming in Brazil's dry and windy Northeast, but some projects are drawing criticism as it becomes clear that certain communities have benefited while others have not

IPO activity post the general election in June, the primary market will take a breather next week with no new issues in the mainboard segment. However, there is an SME IPO of Sahaj Solar, the only one, set to open on June 11. Despite a brief pause, analysts said India's robust economic foundation and bright growth prospects made it an excellent time for the country's thriving IPO market.

Congress in the 2024 elections, and the mandate of this country is that you sit there, sit in the opposition, and when the arguments end, keep shouting, said Prime Minister Narendra Modi in his reply to the motion of thanks on the President's address in the Lok Sabha on Tuesday. Further training his guns at the grand old party, PM Modi said that Congress has failed to cross even the 100-seat mark in three consecutive terms, and instead of introspecting, they are engaging in 'shirsasana' (headstand). The prime minister further accused Congress and its ecosystem of working incessantly to project victory over the BJP in elections.

food services sector is expected to be worth Rs 7.76 lakh crore by 2028 up from Rs 5.7 lakh crore currently, as per a new food services report released Tuesday by the National Restaurant Association of India (NRAI). As per the India Food Services Report 2024 released by NRAI, the growth of the sector at a CAGR of 8.1% over the next four years will beat the overall GDP growth estimates forecast by RBI. RBI estimates real GDP growth of India at 6.7% in 2024-2025 and 6.5% in 2025-2026. The size of the sector was Rs 4.23 lakh crore in 2019 as per the report and will grow to Rs 6.12 lakh crore in 2025. It is the third largest industry after retail and insurance and will employ about one crore people in the next four years, up from 85.5 lakh currently.

income below Rs 50 lakh then you might be eligible to file, the simpler ITR-1 form abbreviated as Sahaj. This form does not require much information to be filled in as compared to other income tax return (ITR) forms like 2, 3, etc. You can file it conveniently if you have a basic understanding of the various types of income sources. However, not all salaried individuals can file their tax returns using the ITR-1 form. If you had conducted certain transactions in FY 2023-24 (AY 2024-25), then you might be ineligible to use ITR-1.

Experts are optimistic about the sector’s long-term prospects, given the substantial investment and demand anticipated in the coming years. “The focus on modernising and upgrading defence systems, along with geopolitical tensions with neighbouring countries like China and Pakistan, means that the defence expenditure will continue to grow,” says Abhinav Kapadia, Research Analyst, Asit C. Mehta Investment Intermediates. “The growth is not just momentary. The sector has significant potential for future growth. The large order books of companies and the government favouring import substitution provide a strong foundation for sustained growth,” says Nirav Karkera,Head of Research, Fisdom. According to the Nomura report, the sector is expected to present an ordering opportunity worth $138 billion over the fiscal years 2024 and 2032. The report also classifies Hindustan Aeronautics Limited and Bharat Electronics as strong buys with an upside potential of 28% and 32%, respectively.

Daily Mirror, quoted the Lankan civil aviation minister T D Abeysuriya as saying there were no “suitable suitors" for the country’s national carrier SriLankan Airlines.  The minister hinted that the government may shelve its plans to sell the airline, and instead take on some of its debt and restructure it. SriLankan and Sri Lanka find themselves in a position that Air India and the government of India were in not too long ago. For years the Sri Lankan government has been bailing out its national carrier, which has a huge debt burden.

Kriti Sanon has acquired 2,000 sq ft land at realty firm The House of Abhinandan Lodha's premium project at Alibaug in Maharashtra. In a statement, The House of Abhinandan Lodha on Thursday said Sanon has acquired 2,000 sq ft of land in its premium project, Sol de Alibaug, about 60 minutes from South Mumbai by sea. The recently inaugurated MTHL connectivity further enhances convenience, making this project an even more attractive choice for those seeking a sophisticated retreat in Alibaug's real estate landscape. Speaking on her first investment with HoABL, Kriti Sanon said, «Buying land on my own has been quite an empowering journey and I have had my eyes on Alibaug, for a while.»

By Simran Arora and Chris Warner

New Delhi, July 3, 2024: SabPaisa (SRS Live Technologies Private Limited), a leading payment solutions provider, announced that it has received final approval from the Reserve Bank of India (RBI) to function as a Payment Aggregator (PA) under the Payments and Settlement Systems Act, 2007. This approval solidifies SabPaisa's position as a leading player in the Indian fintech industry, enabling it to offer comprehensive payment aggregation services to merchants across the country.

inner core of the Earth? According to the scientists, the Inner Core’s movement is slowing down and it is moving backwards. Scientists have observed the core of the Earth since 1936, despite it being a difficult task. It is not possible to directly observe the inner core of the Earth. Scientists use the P and S waves which emerge during an earthquake to study the core of the earth. It is the variation from these seismic waves that help the scientists study the inner core.

Britain looks set to elect Labour Party leader Keir Starmer as its next prime minister when voters go to the polls on Thursday, sweeping Rishi Sunak's Conservatives out of office after 14 often turbulent years. Opinion polls put Starmer's centre-left party on course for a landslide victory as voters turn their backs on the Conservatives following a period of infighting and turmoil that led to five prime ministers in eight years. However, surveys show many voters simply want change, rather than fervently backing Labour, meaning Starmer could enter office with one of the biggest to-do lists in British history but without a groundswell of support or the financial resources to tackle it.

Kashasha, Tanganyika (now Tanzania) in 1962. Among boarding school kids, laughter rather than sickness spread. The school's three females were the first to break out into uncontrollably loud laughter on January 31st, starting the chain reaction that quickly spread to many others, as per the reports of the 'metro.co.uk'.