Country Financial News
12.07 / 17:04
Racing
Election
President
War
country
rights
It's France's moment of truth. Here's how its snap elections work and what comes next
elections that could produce the country's first far-right government since the World War II Nazi occupation — or leave it with no majority emerging at all. Marine Le Pen's anti-immigration, nationalist party National Rally stands a chance of winning a legislative majority for the first time, but the outcome remains uncertain because of a complex voting system and tactical maneuvers by political parties. What's happening Sunday? Voters across France and overseas territories can cast ballots for 501 of the 577 seats in the National Assembly, the lower and most important of France's two houses of parliament. The other 76 races were won outright in the first round of voting.
12.07 / 17:01
Provident
Fighting
President
War
country
US allies allege China is developing attack drones for Russia
Iranian model deployed in Ukraine, European officials familiar with the matter said, a sign that Beijing may be edging closer to providing the sort of lethal aid that western officials have warned against. The companies held talks in 2023 about collaborating to replicate Iran’s Shahed drone, and started developing and testing a version this year in preparation for shipment to Russia, said the officials, who asked not to be identified to discuss private information. The Chinese drones have yet to be used in Ukraine, they said. Providing Russia a Shahed-like attack drone would mark a deepening of Beijing’s support for Russia despite repeated warnings from the US and its allies. President Xi Jinping has sought to portray China as neutral in the conflict in Ukraine even as western officials say it’s provided components and other support for President Vladimir Putin’s forces.
12.07 / 16:52
Action
Analysis
Trade
President
track
country
Courts
Judge sides with 16 states, putting on pause Biden's delay of consideration of gas export projects
A Louisiana judge says the Biden administration can't delay consideration of projects aimed at exporting liquefied natural gas while a legal challenge plays out in federal court
12.07 / 16:51
UPS
Cooper
Extreme
wellness
country
Updates
EAM Jaishankar on Astana declaration: SCO’s tough terror stance a win for India
Shanghai Cooperation Organisation (SCO) summit in Astana contained the most robust language ever on cross-border terrorism as well as strong references to territorial integrity linked to connectivity corridors in the region, external affairs minister S Jaishankar told ET. He described this as the most satisfying outcome of the summit from India’s viewpoint. “I am happy that Kazakhstan during their chairmanship negotiated an updated programme to combat terrorism, separatism and extremism, which was adopted in the Astana summit,” the minister said. “What is more important is the actual implementation of the programme that we have now successfully drawn up, which includes unambiguous commitment by all the member states in getting rid of all forms and manifestations of terrorism in the region, including cross-border terrorism.” The summit was held in the Kazakhstan capital on July 3-4.
12.07 / 16:36
UPS
Provident
Manufacturing
Death
country
International
cricket
Death overs: After a century, Kashmir’s batmakers could be run out
atmanirbharta. This would not only help them to pile on runs with bats Made in India, but it would also help put the spotlight on the travails of an industry that is on the brink. Wood from Salix alba caerulea, a species of willow tree that grows in Kashmir, Pakistan Occupied Kashmir and the UK, is used to make cricket bats.
12.07 / 16:36
Provident
Election
Opinion
wellness
country
voice
electronic
Parliamentary debates are the essence of democracy
The just-concluded general elections have once again proven the vitality of Indian democracy. The democratic process has established that the democratic institutions of this country are more than capable of giving all sections of society a voice, especially the marginalized. With the formation of a new government, parliamentary processes have kicked in.
12.07 / 16:34
markets
COST
Provident
country
reports
Department
International
Drop the angel tax: Stop taxing startup investments as income
₹1 lakh of paid-up capital at ₹1 per share, with an average pre-money valuation of ₹10 crore now would result in an issue price of ₹1,000 per share, or a premium of ₹999. But this would likely result in angel-tax notice from authorities. The tax department uses a system known as Computer-Aided Selection of Cases For Scrutiny (CASS).
12.07 / 16:34
security
Bill
country
rights
International
Finnish lawmakers approve controversial law to turn away migrants at border with Russia
Finnish lawmakers have narrowly approved a controversial bill that will allow border guards to turn away third-country migrants attempting to enter from neighboring Russia and reject their asylum applications
12.07 / 16:32
Citi
Aware
Southern
country
Investigations
hockey
Police presence boosted as Hells Angels roll into Lethbridge to open new chapter
Police from across Canada will be descending upon Lethbridge this weekend as members of the Hells Angels and supporters of the motorcycle gang roll into the southern Alberta city.
12.07 / 16:32
Racing
security
Election
wellness
country
reports
UK Election results 2024 insights: How did parties with less vote percentage get so many seats?
UK election results are formally declared with Keir Starmer's Labour Party grabbing an outright majority with Rishi Sunak's Conservative Party falling well behind in the poll race. Interestingly, even though the Labour Party have a majority share of seats, its vote percentage stands at a mere 34%. If that is not all, Reform UK managed to win only 4 seats with a significant 14 percent vote share but the Conservatives attained 121 seats with only 24 per cent. This calculation factor has raised many eyebrows and people still cannot figure out why this happens during UK general elections.
12.07 / 16:16
markets
Man
SUN
WhatsApp
country
reports
Has China made "artificial sun?" How does it generate massive energy by replicating nuclear fusion?
fusion energy company 'Energy Singularity' has made the world’s first high-temperature superconducting tokamak device, reports TCD. It is located in the eastern region of Shanghai and is named ‘HH70.’ With this development, China made its foray into the fusion-based clean energy market. This device is an "artificial sun" because it works on the principle of the nuclear fusion of hydrogen atoms that occurs in the sun.
12.07 / 16:14
markets
UPS
Manufacturing
Strategy
country
guidelines
VinFast set to drive into India with locally assembled cars
electric vehicle maker VinFast will enter the Indian market with locally assembled models, marking a shift from its earlier strategy of initially selling only imported EVs in the world's third-largest automobile market, said a person with knowledge of the plans. The revised approach follows a fast-tracked opening of the company's new factory in Tamil Nadu. The plant is likely to become operational by March 2025, 3 months ahead of schedule, the person said, asking not to be named. VinFast, the EV arm of Vietnam's biggest conglomerate Vingroup, is expected to launch its first locally assembled car during the 2025 festive season. It is likely to sell its vehicles in the ?25-30 lakh range, placing them in the premium affordable segment of India's burgeoning market for EVs. The models are likely to have a range of 300-500 kilometres. VinFast's move to enter the Indian market through the completely knocked down (CKD) route will help the maker of VFe-34, VF6, VF7 car models save on high import duties and offer its products at competitive prices. India levies an import duty of 100% on imported car models having a CIF (cost, insurance, freight) value of more than $40,000 and 70% on imported models with a CIF value of less than $40,000. CKD kits attract 15% duty.
12.07 / 16:14
UPS
Target
Sustainability
Moodys
country
reports
inequality
Tax on home equity is latest proposal in Liberals' bogeyman approach to housing
There were a number of reports last week about the prime minister and finance minister meeting with a government-funded think tank to discuss a variety of issues involving “generational fairness,” one of which was the introduction of a home equity tax.
12.07 / 16:14
Extreme
Action
WhatsApp
country
Congress expresses concern over increasing terror strikes
Congress has expressed concern over the increasing terror strikes in J&K, especially in the Jammu region, causing both civilian and military casualty. Condemning the latest terrorist attack on the Army personnel in Kathua, the Opposition party said it is fully with the government for responding with effective action but also reminded the ruling establishment that merely making hollow speeches will not do. «This cowardly attack on our Army personnel is extremely condemnable. What is all the more a matter of concern is that this (Kathua incident) is the 5th attack in a month… As the Opposition, we want to draw your (government's) attention to these attacks. Whatever steps the government would take for the safety of the country, Congress is ready to extend support. These terrorists must be given a reply in their own language but at the same time, as Rahul Gandhi said the other day, the solution to these attacks is strict action, not hollow speeches,» said Congress spokesman Deepender Hooda on Tuesday. Speaking to media persons separately, AICC general secretary Sachin Pilot said: «The terrorist attacks are continuously increasing. In Parliament, the government claims the situation in J&K is normal. But if our soldiers are losing their lives in terrorist attacks, the government will have to give clarification.»
12.07 / 16:12
markets
UPS
Manufacturing
Food
Trade
Experts
country
Budget 2024: Govt plans duty reforms, tax tweaks to boost local manufacturing
Building a new factory? Budget may extend concessional tax rate for a year The plan is to encourage more value addition in segments where local production is predominantly in the nature of assembling imported components, the person said. Improving ease of doing business and cutting red tape in claiming tax refunds are also high on the government’s priority. Experts said that an amnesty scheme under customs is the need of the hour.
12.07 / 16:02
COST
UPS
Waters
Manufacturing
stage
country
Adani plans $9 bn capex to kickstart green hydrogen biz
The Adani group will spend $9 billion to build manufacturing and transportation infrastructure for the first phase of its ambitious green hydrogen venture, pivotal to the conglomerate’s business aspirations and crucial to the world’s third most polluted country’s net-zero transition. Once production gets under way, Adani group will hire specialized ships to export what will be the world’s cheapest green hydrogen and its derivatives to Europe and some Asian countries, three people directly aware of the conglomerate’s plans said on condition of anonymity. "This is the most decisive entry into green hydrogen being planned by any group in the country," one of the three people said.
12.07 / 16:01
Target
Google
War
show
country
reports
Updates
China makes mock dill of destroying US F-35 and F-22 fighter jets. Is PLA preparing for war with US? Details here
People's Liberation Army exploding and destroying US fighter jets worth £78,000 each when the two countries are not at war? Not exactly. There is no US-China war and the Chinese Army has not bombed the US Air Force. What they have done is taking mock drills of exploding jet fighters as a part of their training exercise. According to 'Express', Airbus and Google Earth have captured the images showing destroying US F-35 and F-22 fighter jets in a remote desert area in northwest China. The satellite pictures suggest that the Chinese military destroyed these dummy aircraft with a nearby runway displaying scorch marks and bomb blast craters.
12.07 / 15:58
UPS
Fighting
security
Trade
War
country
Modi to focus on trade imbalance, Indian soldiers in talks with Putin
trade imbalance with Russia and securing the discharge of Indians misled into fighting in the Ukraine war will be among Prime Minister Narendra Modi's priorities during talks in Moscow next week, a top official said on Friday. Modi will visit Russia on July 8-9 for talks with President Vladimir Putin as part of annual summits between New Delhi and Moscow, launched in 2000. Modi's visit coincides with the July 9-11 NATO summit in Washington at which the Ukraine war will hold centre stage, and the timing has raised questions about the signal India could be sending.
12.07 / 15:57
Career
awards
Trade
country
information
reports
Investigations
Own foreign stocks or MNC Esops? Omit them from ITR at your peril
₹2.5-lakh tax exemption limit but own foreign assets must file an ITR to declare these assets. Also read | Income tax deadline looms: Know your ITR forms to avoid penalties Foreign stocks and stock options are to be disclosed in Schedule FA every year that the taxpayer holds them, and not just when they are sold. Failing to do so could attract hefty fines and prosecution under the black money law.
12.07 / 15:57
UPS
Man
Fighting
Election
country
social
As millions vote in UK polls, future of PM Rishi Sunak and his party hangs in balance
Rishi Sunak as Britain's first Prime Minister of Indian origin and the leader of the Conservative Party — fighting anti-incumbency of 14 years — hangs in the balance as millions of voters cast their ballots in a historic general election on Thursday. The British Indian leader and the man who wants his job — Labour leader Keir Starmer were among the early voters from an estimated 46 million registered voters as around 40,000 polling booths opened across the country at 7 am local time. Sunak and his wife Akshata Murty walked hand-in-hand to their local polling booth on a sunny day in his constituency of Richmond and Northallerton in Yorkshire, northern England. A little later, Starmer and wife Victoria were at their polling station in Camden, north London, sporting Labour red colours.
12.07 / 15:55
Citizens
Election
community
trends
President
country
2020
Increasing number of Americans seek to leave the country after the election; here is the reason
US citizens are preparing to leave their country and are acquiring dual citizenship and buying off shore properties, ahead of the US Presidential Election in November. There is an increasing trend among those who can afford to move out expressing their willingness to leave the US. This has been prompted by a political culture that threatens violence and revenge against opponents. There are other reasons too. Trump has warned of retribution against his political opponents if he wins the election and a bloodbath if he loses, reminiscent of the attack on the Capitol Hill in 2020.
frequently asked questions about country
What is country and why is it relevant?
Country is a high-demand area that is in the spotlight. On our site, we regularly publish articles related to this subject.
Where can I find the latest updates on country?
All latest articles about country can be found in the dedicated section. We publish information regularly.
How can I verify the accuracy of information on country?
We consult with professionals to ensure that the information about country is reliable and valuable for our readers.