Country Financial News

Chinese Premier Li Qiang says he has agreed with Australian Prime Minister Anthony Albanese to properly manage their nations’ differences as they emerge from a hostile era in which minister-to-minister contacts were banned and trade barriers cost Austr...

A rural Florida county is hoping a new $300 million airport will transform its economy and create more than 1,400 new, high-skilled jobs

Chinese Premier Li Qiang’s visit to Australia has focused on positive aspects of the bilateral relationship including shared giant pandas and a rebounding wine trade after he urged both countries to shelve their differences

foreign direct investment (FDI), enhancing Research & Development (R&D), and boosting manufacturing capabilities could help India reach its USD 5 billion defence export goal by 2024-25. As reported by PTI, the study, conducted by Nexgen Exhibitions, organizers of the International Police Expo, highlights the importance of these factors in propelling India towards its ambitious target. «Increase in procurement categories and emphasis on quality and innovation have positioned India as a reliable defence equipment supplier on the global stage. The government's supportive policies, coupled with strategic partnerships and collaborations, are driving the growth of India's defence exports, bringing the country closer to its USD 5 billion target by 2024-25,» said Aadhar Bansal, Director, Nexgen Exhibitions, as reported by PTI.

India's monsoon has delivered 20 per cent less rain than normal this season, according to the weather department. This shortfall raises concerns for the country's critical agricultural sector, which relies heavily on monsoon rains. News agency Reuters reported that as per the Indian Meteorological Department, India has received 20 per cent less rainfall than normal since June 1. Almost all regions except for a few southern states have seen shortfalls and some northwestern states experiencing heat waves, the report said. «The monsoon's progress is stalled. It has weakened. But when it revives and becomes active, it can erase the rain deficit in a short burst,» an IMD official told Reuters.

Congress in Kerala on Monday tendered an apology to the Christian community a day after one of its social media posts taking a dig at Prime Minister Narendra Modi over his recent meeting with Pope Francis triggered a political row in the state. The party also withdrew the post from its official X handle. In a fresh post on its X handle, the state unit of the grand old party said it tendered an unconditional apology to the Christian faithful if its earlier post had caused any «emotional or psychological distress» to them. In the explanatory post, the party further said the people in the state clearly know that it is not the tradition of the Indian National Congress to insult and disparage any religion, religious priests or idols.

The year 2024 is notable for the large number of elections being held—in well over 60 countries, representing nearly half of the world’s population. Of course, there are myriad systems and we are only halfway through the year, but as a generalization, it is turning out to be a year of strong majorities for presidential forms of government and coalitions for parliamentary democracies. Indonesia and Mexico returned strong majorities for their presidential winners, with Mexico electing its first ever woman to its top office.

Essar's Ruia family seems to be an exception. Three generations of the Ruia family — founder brother Shashi and Ravi Ruia, their children and grandchildren — continue to live under one roof and jointly run the business empire. They share the family homes in Mumbai, Delhi and London as well as business that now spans energy, metals and mining, infrastructure and logistics and technology and retail.

S Jaishankar held a meeting with United States National Security Advisor Jake Sullivan in New Delhi on Monday and discussed various bilateral, regional and global issues. Jaishankar expressed confidence that the strategic partnership between India and the US will continue to advance strongly in the near term. In a post on X, Jaishankar stated, «Delighted to welcome US NSA @JakeSullivan46 in New Delhi today morning. A comprehensive discussion on a broad range of bilateral, regional and global issues. Confident that India-US strategic partnership will continue to advance strongly in our new term.»

France’s political upheaval has led the country to lose its spot as Europe’s biggest equity market, less than two years after stealing that title from the UK. President Emmanuel Macron’s shock announcement of a snap election sparked a rout that wiped off about $258 billion from the market capitalization of French firms last week. Shares of banks Societe Generale SA, BNP Paribas SA and Credit Agricole SA all big holders of government debt lost more than 10% each.

Modi will on Tuesday release the 17th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, amounting to over Rs 20,000 crores, will be distributed to approximately 9.26 crore beneficiary farmers through Direct Benefit Transfer in Uttar Pradesh. Since its inception, the PM-KISAN scheme has disbursed over Rs 3.04 lakh crore to more than 11 crore eligible farmer families, underscoring its substantial impact and wide-reaching benefits. According to a press release, PM Modi is poised to launch several significant initiatives during his upcoming visit to Uttar Pradesh and Bihar on June 18- 19.

electric vehicles (EVs) made by Chinese companies now stare at a road bump in Europe as the European Union (EU) last week decided to hike tariffs on Made-in-China EVs. The EU decision follows a scare in the Western world about China flooding it with state-subsidised EVs. The Alliance for American Manufacturing has said that government subsidized Chinese EVs “could end up being an extinction-level event for the U.S.

India has witnessed the fastest jump in alternative payment share for e-commerce payments in the Asia-pacific region from 20.4% in 2018 to 58.1 %in 2023 as per a report by GlobalData, a data and analytics company. Options for payment other than traditional cash include UPI, debit cards and credit cards among others.

food security—a priority for scientists. Over the past decade the quality and the quantity of crop research that China produces has grown immensely, and now the country is widely regarded as a leader in the field. According to an editor of a prestigious European plant-sciences journal, there are some months when half of the submissions can come from China.

India has been on a remarkable trajectory of economic and technological growth. With a young and vibrant population, a robust tech ecosystem driving innovation and a rapidly evolving digital landscape, India has become a formidable force in the burgeoning digital economy.

NRIs can adopt Indian children only after the children have been rejected for domestic adoption three times. Here’s a step-by-step guide to the adoption process for NRIs, OCI cardholders, and foreign prospective adoptive parents.

bringing down costs, Gates said they've "gone back to the basics", stating: "We've been willing to go back to the basics and do what people have always said should be done, which is to cool the plant with metal instead of water. And that means that this problem of high pressure and extra heat when you shut down is completely solved. And so the complexity, that's meant that nuclear has gotten more complex and more expensive.

Trade openness is measured as the ratio of trade to GDP. India’s is close to 50%, as per World Bank data. It used to be 7% in 1970, about 15% in 1980 and 1990, and jumped to 26% in 2000 and 49% in 2010.

The fund was originally launched in September 2020 as part of the Schroder International Selection Fund range, available in most European countries and Bermuda. Nick Kirrage takes sole leadership of Schroders global value team as Kevin Murphy joins Whitmore's boutique Via the onshoring of the fund, Schroders has now made it available to UK investors. The strategy is run by managers Vera German and Juan Torres in a contrarian way and supported by a fundamental deep-value investment philosophy over a long-term investment horizon. German and Torres only invest in assets they believ...

Indira Gandhi as "mother of India" received widespread attention, Union Minister Suresh Gopi on Sunday clarified that he called the late leader the mother of the Congress party in the country and his remarks were misinterpreted by the media. The actor-turned-politician said he was a person talking from the heart and he firmly believed that there was nothing wrong in what he said about Indira Gandhi. While addressing the media here, the BJP leader asked the reporters whether they don't understand the «contextual meaning of language». «What did I say? As far as the Congress is concerned...whether anyone likes it or not… K Karunakaran is the father of the Congress party in Kerala. In India, its mother is Indira Gandhi. I said this from my heart,» Suresh Gopi said.

Russia must be held accountable for “an element of genocide” it’s perpetrating by taking thousands of Ukrainian children from their homes and trying to erase their Ukrainian identity, Prime Minister Justin Trudeau said Sunday at the end of a global summit focused on restoring peace between the two countries.