Country Financial News

16.06 / 12:41
UPS WhatsApp country Features peace Saudi Arabia, India, South Africa opt out of Ukraine declaration
Saudi Arabia, India, South Africa, Thailand, Indonesia, Mexico and the United Arab Emirates were among countries participating at a summit on peace for Ukraine that did not sign a final communique, the Swiss government said on Sunday. Switzerland, which hosted the summit, said over 90 countries took part in the talks, and the vast majority of them signed up to the communique, according to a list which the Swiss organizers posted at the close of proceedings. Brazil, which was listed as an «observer» on the list of attendees, also did not feature as a signatory.
16.06 / 10:13
Action President Freedom country information recommendations Decisions cannot be taken by me: Om Birla on appointment of Speaker and deputy of Lok Sabha
Deputy Speaker of the Lok Sabha, Om Birla said on Sunday that all these decisions are taken by political parties and he has no role in it. «All these decisions are taken by political parties. These decisions cannot be taken by me,» Birla said. Further, the Speaker of the 17th Lok Sabha said that the 'Prerna Sthal' that contains statues of great leaders and freedom fighters and will be inaugurated today will inspire the current and younger generations.
16.06 / 10:13
Manufacturing Experts stage country 2020 International SOP in final stages to facilitate visa for Chinese technicians needed in mfg units: Official
PLI scheme, the government is in the final stages to put in place similar processes for other manufacturing units, an official said. The move assumes significance as some domestic manufacturing firms have flagged the issue of delay in getting visas for Chinese technicians, who are required for works like installation or repair of certain machines, besides training workers in India. «Most of the PLI (production-linked incentive scheme) visas have been taken care of. For general manufacturing also, we are trying to create a better streamlined SOP… that is with the Ministry of Home Affairs. It's at the final stages. We are hoping to sort it out. We have done a lot of sensitisation,» the official said. The rollout of SOPs does not require any approval from the Union cabinet as it is an internal process to relax norms «a bit» for facilitating visa applications of Chinese professionals or technicians whose expertise is required by domestic manufacturing units, the official added.
16.06 / 09:15
Remark WhatsApp wellness country reports recommendations Suresh Gopi clarifies 'mother of India' reference about Indira Gandhi
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.
16.06 / 08:49
UPS Citi Mobile poverty country beautiful social The quiet influencers: How the poor have shaped India
₹20,000 crore to about 100 million farmers. This was probably a way to convey to India’s poor that contrary to what they may have thought, they were his priority. Indian elections are often the revenge of the poor.
16.06 / 06:53
Divinity Celebrity performer country consequences gatherings Bakrid 2024 Date: When is Eid-ul-Adha 2024 in India?
Eid-ul-Adha, a significant Islamic festival, is observed on the tenth day of Dhu-al-Hijjah, the last month of the Islamic lunar calendar. This festival, also known as the Feast of Sacrifice, is celebrated the day after the annual Hajj pilgrimage concludes. It commemorates Prophet Ibrahim's willingness to sacrifice his son, Ismail, as an act of obedience to Allah. At the moment of sacrifice, Allah replaced Ismail with a ram, symbolizing divine intervention and reward for unwavering faith.
16.06 / 06:29
Death Healthcare country reports shock patient symptoms This flesh-eating bacteria spreading in Japan can kill in two days: Know symptoms
COVID-era restrictions, potentially resulting in fatalities within 48 hours.Also Read: Centre sets deadlines for healthcare initiativesAs reported by Bloomberg, cases of streptococcal toxic shock syndrome (STSS) reached 977 this year by June 2, higher than the record 941 cases reported for all of last year, according to the National Institute of Infectious Diseases, which has been tracking incidences of the disease since 1999.Group A Streptococcus (GAS) commonly results in throat swelling and soreness, known as "strep throat," in children. However, certain strains of this bacteria can rapidly escalate symptoms, including limb pain, fever, low blood pressure, and potentially leading to tissue death, breathing difficulties, organ failure, and mortality.
16.06 / 06:29
COST UPS Citi Trade country Gold and silver prices today on 16-06-2024: Check latest rates in your city
The price change in 24 carat gold in the last one week has been 0.17% .whereas in the last month it has been 3.11%.The cost of silver is Rs.88010.0 per kg Gold Price Today in Chennai is ₹73663.0/10 grams. Yesterday’s Gold Price on 15-06-2024 was ₹73658.0/10 grams. and last week’s gold price on 10-06-2024 was ₹74214.0/10 grams.
16.06 / 06:07
UPS CEO Compilation WhatsApp show country India's coal import rises 13% to 26 MT in April
April 2024 as buyers took fresh positions amid early onset of summer. The country had imported 23.05 MT of coal in the year-ago period, according to data compiled by B2B e-commerce company mjunction services ltd. This comes amid coal and mines minister G Kishan Reddy stating that India should increase domestic production of the fossil fuel and reduce coal imports. «India's coal and coke imports in April 2024 through the major and non-major ports increased by 13.2 per cent over April 2023,» the data showed.
16.06 / 06:07
COST UPS Manufacturing CEO wellness country Mahindra group may join hands with global players for cell production in India: MD Anish Shah
Mahindra Group is looking for partnerships with global players for local production of battery cells in order to cater to expected increase in demand for electric vehicles in the future, according to a top company executive. In an interaction with PTI, Mahindra Group MD and CEO Anish Shah said the company is looking at a 2030 timeframe for the possible listing of its electric vehicle arm Mahindra Electric Automobile Ltd (MEAL). «One area that we continue to look at more closely is cell manufacturing and that is something where there are various considerations… if we feel it's essential for us, we will look at a partnership for cell manufacturing,» he stated. He further said: «We will look at a global technology partner, and potentially at private equity partners as well because we will not put the entire capital.» The initiative, if it materialises, would enable local production of battery cells in India, Shah said.
16.06 / 05:35
UPS War country Iran rebukes G7 statement over its nuclear programme escalation
Iran called upon the Group of Seven on Sunday to distance itself from «destructive policies of the past», the Iranian Foreign Ministry spokesperson Nasser Kanaani said, referring to a G7 statement condemning Iran's recent nuclear programme escalation. On Friday, the G7 warned Iran against advancing its nuclear enrichment programme and said they would be ready to enforce new measures if Tehran were to transfer ballistic missiles to Russia. «Any attempt to link the war in Ukraine to the bilateral cooperation between Iran and Russia is an act with only biased political goals,» Kanaani said, adding that some countries are «resorting to false claims to continue sanctions» against Iran.
16.06 / 03:45
Cooper Trade President country 2020 reports Relationships Chinese premier promises more pandas and urges Australia to put aside differences
Li Qiang's visit to Australia on Sunday focused on positive aspects of the bilateral relationship including shared giant pandas and a rebounding wine trade after he urged both countries to put aside their differences. China's most powerful leader after President Xi Jinping arrived late Saturday in Adelaide, the capital of South Australia state, which has produced most of the Australian wine entering China since crippling tariffs were lifted in March that had effectively ended a 1.2 billion Australian dollar (USD 790 million) a year trade since 2020. Li visited Adelaide Zoo, which has been home to China-born giant pandas Wang Wang and Fu Ni since 2009, before he was to have lunch at a restaurant at an Adelaide winery.
16.06 / 00:31
markets UPS FIVE Manufacturing Strategy Hyundai country Boost for Hyundai Motor export plans, as auto co plans to launch slew of EVs over next 4 years
Hyundai Motor India Ltd (HMIL) will drive parent Hyundai Motor's ambitious strategy to make India a key export hub to expand its global business, besides seeking gains in the domestic market, said senior industry executives with knowledge of the matter. As part of this, the company plans to introduce nearly half a dozen electric vehicles over the next four years for local sales and exports, as more assembly lines come on stream in India. «Hyundai has been constrained by capacity the last couple of years,» said one of the persons cited. «The company has already enhanced capacity at its manufacturing plant in Chennai to 820,000 units per annum to meet domestic demand. With fresh capacity coming in from Talegaon in 2025, Hyundai is looking at ramping up exports from India which have been received well in markets in Latin America, the Middle East and Africa.» HMIL's revenue from exports rose 83% to ₹14,120.92 crore in the last three years, despite geopolitical uncertainties. Revenue from operations in the local market rose 39% to ₹33,274.83 in the same period. As much as 23.4% of the company's total revenue came from the sale of vehicles and parts overseas in FY23. In volume terms, exports accounted for about 21% of total vehicle sales in that fiscal year.
16.06 / 00:31
markets Citi Research country beautiful innovations reports The make-up reality: East India eyes it, faces it, nails it
India accounted for over a third of all cosmetics sold in India in FY24, despite having less than a quarter of the country's households, with companies saying the region is a hotspot for most of its launches and product innovation. Global consumer researcher Kantar said in its latest report that more than 186 million pieces of cosmetics — including lipsticks, nail polish and eyeliners — were sold in the past year in top 10 Indian cities. «Average makeup usage per person is higher in the east; women in the region like wearing makeup more than any other part of the country. For us, usage is significantly higher in the north too,» said Samir K Modi, managing director, Modi Enterprises, which sells Colorbar brand. «Unlike other markets, where people tend to stick to fewer shades, the eastern region consumes a lot of different shades, even darker ones generally not sold much elsewhere.» Within cosmetics, lip products are the biggest, with 65 million units sold annually, generating close to Rs 1,700 crore revenue in FY24. Face and lip cosmetics together generate close to Rs 2,900 crore, or about 70% of industry value. While 47 million nail cosmetics are purchased annually, their relatively lower cost means they generate about Rs 350 crore. Eye products are the smallest colour cosmetic segment in the country by number of units — sold at 34 million.
15.06 / 20:01
Citi Waters country audience 2020 Features Why will there be muted mics in the CNN debate between Trump and Biden?
debate between Donald Trump and Joe Biden who are the likely presidential nominees from the Republican and Democratic parties. The debate which will be conducted by CNN will have some basic rules such as turning off mics and commercial breaks. The debate featuring the two will have muted mics when it is not the turn of either of the candidates to speak. Further, during the debate, taking advantage of the expected high number of people who are expected to watch the debate, the channel has scheduled two commercial breaks. The first of the two debates will be held on June 27 in the city of Atlanta.
15.06 / 20:01
UPS President Experts War country peace At Swiss Peace Summit, Ukraine prez Volodymyr Zelenskyy says 'history being made'
Volodymyr Zelenskyy on Saturday predicted «history being made» at the Swiss-hosted conference that aims to plot the first steps toward peace in Ukraine even though experts and critics don't expect any major breakthroughs because Russia isn't attending. The presidents of Ecuador, Ivory Coast, Kenya and Somalia joined dozens of Western heads of state, other senior government leaders and high-level envoys at the meeting, in the hopes that Russia could join in one day.
15.06 / 16:37
Discover CBS wellness country reports Archeological artifacts recovered from 5,000 feet under sea. Will China use these items to claim South China Sea?
South China Sea as well as cultural value and discover its past, authorities have recovered 1,000 pieces of treasure, including copper coins and ornate pottery from the Ming Dynasty. According to China's National Cultural Heritage Administration, valuable artifacts from the debris of a pair of ancient shipwrecks, buried under 5,000 feet have been taken out. The shipwrecks were discovered in 2022 and the authorities toiled for one year to assess their value and ways to reach them. After much deliberations, planning and study, the archaeologists used a crewed submersible called "Deep Sea Warrior" to conduct the excavation, reports CBS News.
15.06 / 13:05
markets Target Manufacturing wellness Cycling country reports Sensex to hit 82,000 in 12 months over macro stability; global slowdown among key risks: Moody's
Also Read: Nifty 50 to hit 25,816 in 12 months; PL overweight on banks, auto, telecom: ITC, BEML among high conviction picks"With government continuity now in place, we believe the market can look forward to further structural reforms, giving us more confidence in the earnings cycle. Macro stability with rising GDP growth relative to real rates should extend India's outperformance over emerging markets (EM) equities."Earlier, the rating agency revised India's GDP upwards to 6.8 per cent for 2024-25, with headline CPI decelerating to about 4.5 per cent for the year.
15.06 / 11:25
Merit awards WhatsApp wellness President country innovations Modern warfare no longer solely physical domain: IAF chief V R Chaudhari
Modern warfare is no longer a solely physical domain, but a dynamic and ever-evolving landscape increasingly influenced by complex data networks and advanced cyber technologies, IAF Chief Air Chief Marshal VR Chaudhari said on Saturday. Addressing the Combined Graduation Parade (CGP) of the 213 Officers' Course at the Air Force Academy (AFA) at Dundigal near here, Chaudhari also said tomorrow's conflicts cannot be fought with yesterday's mindset. «Modern warfare is a dynamic and ever evolving landscape. It is no longer solely a physical domain. It is increasingly influenced by complex data networks and advanced cyber technologies. As leaders, you all need to adapt, innovate and leverage technology effectively for proving decisive in winning wars,» the Air Chief Marshal said. He further said professionalism, aggressiveness and initiative are the three most admired qualities of a leader and at the same time, leaders who are thinkers are also needed.
15.06 / 10:31
COST Dreams students Universities country information Destinations Alternative ways to finance overseas education without relying on education loans
Studying abroad is exciting and a dream for many aspirants, but at the same time, it can be daunting for a few. However, when I mention daunting, I’m pointing to the tuition fees, accommodation, and living expenses while living abroad. But with proper & strategic planning and having information on various funding sources, you can transform your study abroad dream into reality.
15.06 / 10:31
UPS Provident country exclusive information Department Govt employees alert! General Provident Fund interest rate announced for June quarter | How it compares with PPF and EPF
The government has kept the interest rate on general provident fund (GPF) and related funds unchanged at 7.1% for the three months from April-June 2024. The Ministry of Finance revises the interest rate for GPF and related provident funds for government employees every three months. The rate has not been chnaged for the last 17 quarters.

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