Country Financial News

trends are to be believed.Also Read: Lok Sabha Election Results 2024: Will Nitish Kumar & Chandrababu Nadu play kingmakers if BJP falls short of 272?Nitish Kumar, who has a history of changing sides at key moments, may play a crucial role as the INDIA bloc becomes a massive force across the country. As of now, India is leading in around 230 seats, far away from the magic figure of 272.However, social media users are not missing this opportunity to take a humorous dig at Nitish Kumar as the BJP is unlikely to pass the magic number of 272 on its own.Many are speculating that the Janata Dal United (JDU) leader will switch again and shake hands with Rahul Ganhi’s Congress, in case he is offered the prime minister post.“If the BJP doesn't cross 272 alone, the NDA govt will be too unstable.

Narendra Modi, but now is trailing in the constituency. ALSO READ: Election Results 2024 Live UpdatesEarly trends shows Ajai Rai is now tailing by over 60000 votes in the Varanasi constituency.

Amid uncertainty in the economy and the still-present pressures of inflation, a new survey shows the country is split on whether now is the right time to be investing.

counting of votes has started in various parts of the country. In the southern party of India, NDA is leading as Congress who is currently in power at assembly level trails behind.

Amit Shah, Gandhinagar Election Results 2024 Live Updates: Bharatiya Janata Party's strong leader Amit Shah is leading in Gujarat's Gandhinagar constituency.

Indo-Pacific Economic Framework is holding a ministerial meeting this week in Singapore, including major firms joining a «Clean Economy» investor forum to boost infrastructure and climate investments across the region.

TN Election Results 2024 Live Updates: The counting of votes will soon begin in Tamil Nadu to declare the verdict for the Lok Sabha polls conducted in the state in a single phase on April 19 to elect 39 members in the Parliament.

Tequila has always been a party ender drink, typically involving a three-step ritual — a lick of salt, downing the shot, and finishing up by sucking on a wedge of lime. Not anymore, or at least it's not just that. The agave-based spirit is now sipped neat, on the rocks or with soda and even as a cocktail mix beyond just margaritas, making it the fastest-growing alcohol segment in the country, albeit on a small base.

Wipro on Monday appointed Bruno Schenk as the country head and managing director for Switzerland, effective immediately. He will report to Wipro’s Europe CEO Pierre Bruno, the company said in an exchange filing.

Sri Lanka beckon the shadowy betting rings. As Dubai turns too hot for comfort amid the glare of investigation on the online gambling empire Mahadev, some of the other faceless operators of illegal betting apps are moving to Sri Lanka.

hydroelectric insurance pools for better disaster protection, and is engaging with regulators and insurers for such products, said GIC chairman Ramaswamy Narayanan.

India has begun discussions with the UK on mapping of skill gaps and mutual recognition of skills between the two countries looking to tap international job opportunities for its young and growing workforce. To begin with, India is exploring the possibility of linking its National Career Service (NCS) portal with the UK government's job portal to get a sense of demand for skilled workers in the UK, while facilitating industry-specific exchange and migration of workers in labour-intensive sectors, such as textiles, under the India-UK Migration and Mobility Partnership Agreement (MMPA).

India's strong GDP growth of over 6% a year will help push the annual growth in travel spending in the country to roughly 9%, a new McKinsey report released on Monday said. With this growth, India's domestic travel market could overtake Japan and Mexico to become the world's fourth largest by 2030, as per the report titled 'The State of Tourism and Hospitality 2024'. Domestic air passenger traffic in India is projected to double by 2030, buoyed in part by a state-subsidised initiative that aims to connect underserved domestic airports and has shifted the development focus away from major metropolises such as Mumbai and Delhi towards fast-developing smaller cities such as Chandigarh and Hyderabad.

Bharti Airtel and Reliance Jio are expected to post their highest-ever return on capital invested this fiscal as the country's top telecom firms complete 95% pan-India 5G rollouts and focus on improving returns, according to analysts. Macquarie Research estimates Airtel's ROCE (return on capital employed) to surge to 10-19% during FY25-28 from 2-6% in the last more than a decade, aided by tariff hikes, better subscriber mix and capex moderation. Airtel had invested $32 billion in FY24, generating a return of 8%. Over the next four years, while investments will drop to $28 billion per year, returns will likely more than double to 19%, Macquarie data showed. «From its lows in FY19, Airtel's India mobile ARPU (average revenue per user) has improved to ₹209 in 4QFY24 (2x in five years),» the company said in an investor update. Macquarie expects Airtel's India ARPU to reach ₹275 per month in FY27, driven by a likely 15% rise in industry tariffs post the general elections this week, followed by ongoing mix improvements — data users, upgrades to 5G, strategic segmentation, and prepaid to postpaid conversions.

Iran's foreign ministry has summoned the Chinese ambassador in Tehran to protest about a China-UAE statement related to Iran's sovereignty over three Islands also claimed by the UAE. During Sunday's meeting with the Chinese ambassador in Tehran, Mohammad AliBek, an aide to the foreign minister and the director general of the Iranian Foreign Ministry's Persian Gulf Department, recalled the special ties between the two sides and noted that respect for the sovereignty and territorial integrity of the countries is one of the renowned and fundamental principles in international relations.

Karnataka High Court on Monday adjourned JDS MLA HD Revanna's plea on quashing the first information report (FIR) filed against him in a case of alleged abduction of a sexual assault survivor from her home in Mysuru district. The high court will hear the case on Friday. Revanna, a former minister and son of former prime minister HD Deve Gowda, was booked last month on accusations of kidnapping one of the alleged survivors of sexual abuse by his son Prajwal Revanna, who is BJP-led NDA's candidate from Hassan in this Lok Sabha election.

₹50 lakh each to 150 startups that are engaged in making technical textiles such as Kevlar and Spandex, said two people aware of the development. The ministry will also not seek any share of the profits from the business that is generated.

Lawrence Bishnoi and Goldie Brar gangs allegedly considered employing minors to carry out the killing of Bollywood actor Salman Khan, according to police. Navi Mumbai Police uncovered a plot to kill the actor during their investigation disclosing a video call conversation between Lawrence Bishnoi gang member Ajay Kashyap and another accused.

foreign direct investments (FDI) over the past three years was not limited to Karnataka, but the entire country.

Sikkim Krantikari Morcha (SKM) have elected incumbent Chief Minister Prem Singh Tamang as its chief ministerial candidate. Tamang stated in X, “Following the inaugural meeting of the newly elected legislators at Mintokgang, we formally submitted a resolution to the Governor, Lakshman Prasad Acharya Ji. The resolution, signed by all 30 newly elected legislators, has designated me as the leader of the Legislature Party and the Chief Ministerial candidate for the 11th Sikkim Legislative Assembly. I sincerely thank the esteemed legislators for their decision and the people of Sikkim for entrusting us with the responsibility to serve the state and its citizens once again”.

Cargo traffic across 12 major ports in the country increased by 3.75 per cent year-on-year in May to 72.04 million tones (MT) from 69.43 MT handled in the corresponding month of 2023 with nine such ports showing positive growth. Visakhapatnam Port registered the maximum cargo growth in cargo handling at 22.05 per cent during the reporting month followed by Chennai Port with 9.10 per cent, Cochin Port with 7.78 per cent and Mumbai Port with 5.89 per cent, according to data released by the major ports' apex body, Indian Ports Association (IPA).