Country Financial News

Also read | Mint Primer | Into the 50s: Why heatwaves are hotter & longerDelhi's primary weather station, the Safdarjung Observatory, recorded its second-highest maximum temperature of this summer season so far on Thursday.This came a day after recording a 79-year high of 46.8 degrees Celsius on Wednesday, according to the IMD data.On June 17, 1945, a temperature of 46.7 degrees Celsius was recorded. On Wednesday, Delhi's Mungeshpur recorded a maximum temperature of 52.9 degrees Celsius, the highest temperature recorded in the country.Following this, IMD officials released a press statement saying that they are examining the sensors and data of the area's weather station for any potential errors.However, the IMD has not issued any report on the inspection of the water sensors in Mungeshpur till nowThe ministry has mandated imported coal based plants to operate full capacity till September 2024.

Apollo Hospitals post 76% rise in Q4 profits to ₹254 croreTIME categorized Reliance under 'Titans,' one of the five classifications for the featured companies, which also include Leaders, Disrupters, Innovators, and Pioneers.Tata was placed in the 'Titans' category alongside Reliance, while Serum Institute was placed as a 'Pioneer'."Reliance Industries was founded as a textile and polyester company 58 years ago by Dhirubhai Ambani. Today the sprawling conglomerate -- which has aligned its growth with Indian Prime Minister Narendra Modi's vision for a 'self-reliant' India -- is the country's most valuable company, with a market capitalisation of more than USD 200 billion," TIME said.The Mukesh Ambani-led conglomerate has expanded its interests into energy, retail, telecommunications, and more, propelling its chairman to become Asia's wealthiest individual, according to reports.Furthermore, the publication highlighted that in February, Reliance emerged victorious in a highly competitive battle to lead India's rapidly growing streaming market.

₹253.8 crore for the quarter ended March, a 76% rise from the corresponding three months a year ago, buoyed by a continued reduction in losses at its pharmacy, health and lifestyle segments.During Q4, it reported revenues of ₹4,944 crore, a 15% y-o-y rise from ₹4,302.2 crore. The results were in line with Bloomberg analyst estimates.“The increase in PAT is not just attributable to the revenues but also significantly to the improving overall profitability of HealthCo, on which we have been working to break even quarter on quarter.

Brookfield Asset Management Inc. is in exclusive talks to acquire a majority stake in Neoen SA with a view to launch a takeover offer that would value the French renewable energy developer at about €6.1 billion (US$6.6 billion).

Fatemah Ahmedi* feels like a loser.

Investing.com-- Oil prices slipped lower Thursday on concerns of slowing U.S. economic activity, exacerbated by high interest rates, overshadowing a larger-than-expected draw in U.S. inventories. 

The United Nations over the last decade has logged an increasing number of crew members abandoned by shipowners around the world

The United Nations over the last decade has logged an increasing number of crew members abandoned by shipowners around the world

Lebanon's caretaker economy minister says the country's rulers, fuel companies and private electricity providers have blocked an offer by gas-rich Qatar to build three renewable energy power plants to ease the crisis-hit nation’s decades-old electricit...

BJP of making efforts to mislead the people on religious and divisive issues in the Lok Sabha election campaign, Congress president Mallikarjun Kharge said on Thursday that Prime Minister Narendra Modi in his speeches over the past 15 days «did not speak a word» on unemployment and price rise even as he mentioned «Modi» 758 times, Congress 232 times and referred to INDIA alliance 573 times. Addressing a press conference here, Kharge expressed confidence of the INDIA bloc forming the government after the Lok Sabha polls and said they will take everyone along. He accused the Election Commission of not acting on «divisive» speeches by PM Modi

CIC News. Due to the integral role that immigration plays in Canada’s economy, employment initiatives are often connected to immigration programs to help Canada’s employers fill vacant positions that they may not be able to hire for within the country, says CIC News. “One key example of this is the ability of employers to hire candidates within the Express Entry candidate pool,” it adds.

Rooftop solar capacity installations in India registered a 26 per cent year-on-year decline to at 367 megawatts during January-March period, mainly on account of rise in input cost, according to Mercom Capital. The country had witnessed 485 megawatt (MW) of rooftop solar installations during the first quarter of 2023, the research firm said in a report on Friday. India added 367 MW of rooftop solar in the March quarter. Installations fell nearly 10 per cent quarter-over-quarter from 406 MW and dropped over 24 per cent year-on-year from 485 MW, the report titled 'Q1 India Rooftop Solar Market' said. India's cumulative rooftop solar capacity was 10.8 GW as of March 2024.

«We have been through a variety of political dispensations in the last three decades and growth has been in the 6-7% area. India rarely grows much faster than 7% and rarely grows much slower than 6%,» says Saurabh Mukherjea, Marcellus Investment Managers. Tell us what exactly were the conversations like when you were sitting far away from India, but looking at India from the foreign lens, in conversation with some of your prospective clients? What were they asking you or probing you, what were they most curious about? Let me break it into three parts. Obviously, the first discussion tends to be, what will happen in the elections, what do you think? And my response is, I really do not know. You can read the newspapers as well as anybody else can, I tell my clients. And the simple point of view on that is, regardless of what happens in the election, it looks like there will be policy continuity.

flight simulator provider Simaero on Thursday announced investing USD 100 million in India to train up to 5,000 pilots over the next five years, wherein the company will also set up training infrastructure and simulators. At the current exchange rate, USD 100 million translates to more than Rs 8,300 crore. The construction of its training facility is underway in the national capital and is expected to be completed by the fourth quarter of 2024. The facility, which will be spread over 4,500 square metres, will feature eight full-flight simulators for A320 neo and B737NG aircraft types. «The facility will offer comprehensive training solutions, with devices certified by both DGCA and EASA authorities, and an in-house ATO (Approved Traininig Organisation) covering all main pilot recurrent training programmes, including initial type rating and recurrent training, with various aircraft-type simulators for airlines,» the company said in a release.

Reserve Bank of India will boost ongoing efforts towards the internationalisation of the rupee by bringing regulatory changes for non-residents, while taking steps to bolster the GIFT City’s appeal vis-à-vis other international financial centres. “Efforts are underway towards internationalisation of the Indian Rupee (INR) through settlement of bilateral trade in local currency,” RBI officials wrote in the central bank’s annual report for 2023-24. “To promote the internationalisation of INR and support local currency settlement with partner countries, it is necessary to liberalise the regulations relating to INR accounts for non-residents,” they wrote.

Fyllo has announced that it has raised $4 million in a fresh funding round led by IndiaQuotient and SIDBI Ventures. Existing investors Triveni Trusts, IAN, and KIAORA participated in the round. Fyllo said it will use the funds to expand into new geographies and crops and develop more precision agriculture products.

fixed deposits (FDs) have been in a sweet spot for a few years now. The interest rates of FDs had gone up and small finance banks (SFBs) were offering 9% to 9.5%, which in many cases were more attractive than the offerings of public and private sector banks. Many have opted for such FDs. But now these FD investors should take note of a development at a prominent player in the sector: Fincare Small Finance Bank, which used to offer 9.21% to senior citizens on FDs maturing in 750 days as on March 27, 2024, according to Paisabazaar.com, recently merged with AU Small Finance Bank, the largest SFB in the country in asset size. This is the first such merger in the small finance bank sector, and it came into effect on April 1, 2024. Now, customers should be aware of what will happen to the FDs they had opened in Fincare SFB before the merger? Will they be eligible for the deposit insurance protection of up to Rs 5 lakh, including principal and interest? Will the IFSC codes change after the merger? ET Wealth Online presents an FAQ on how the Fincare-AU Small Finance Bank merger will impact customers.

CM Arvind Kejriwal has been instructed to return to Tihar Jail on June 2. However, Kejriwal has sought a week's extension of the bail.

₹79,497). Sunak took his expensive Tumi bag to one of the country's poorest areas during his campaign trial.Also Read: Rishi Sunak says 'don’t have to go to university to succeed in life', netizens react 'just marry billionaire'His backpack was monogrammed with his initials ‘RS’.

A new government will soon take charge at the centre. Hopefully, India’s new government will have a long-term vision and the courage to think outside the box. Nothing less will do to prepare India for the emerging new global economy, driven by fundamental, disruptive technological changes that are gathering momentum.

academic insights, and broaden their horizons. Before embarking on this exciting journey, students must navigate the financial logistics required. To study in Canada as an international student, one must demonstrate adequate proof of financial support, covering both study and living expenses, along with a minimum amount for any accompanying family members. Notably, between 2019 and 2021, Immigration, Refugees, and Citizenship Canada (IRCC) reported that 10% of rejected student visa applications were due to insufficient funds. To avoid such setbacks, thorough preparation is essential. In this article, the discussion will center on what proof of financial support entails and how to obtain a Guaranteed Investment Certificate (GIC) to fulfill these requirements to study in Canada as an international student. What is Proof of Financial Support?