Country Financial News

North Korea took responsibility for sending hundreds of balloons filled with feces and trash over its border with South Korea.South Korea’s Joint Chiefs of Staff said about 260 North Korean balloons have been found all over the country as of Wednesday afternoon. Chemical and explosive response teams have been sent out to recover the balloons and debris.Photos released by the military show some still-intact white balloons with trash bags attached to them while others show scattered pieces of plastic and paper on city streets.

Mumbai, Haryana Roadways, Assam ASTC, and many more. This sticker, which is NFC-enabled, requires no battery, no charge, no electricity, no internet and is also waterproof. You can make payments up to Rs 2,000 without a PIN and reload money on this sticker using the official app or any NCMC terminal like those found at Delhi and other metro recharge counters. This is because this NFC sticker's backend technology works using the RuPay network and since it is NCMC-enabled, it can work across the country at all National Common Mobility Card (NCMC) compatible metro, and bus networks.

Morgan Stanley. The global investment bank, in its latest report '2024 Global Economic Midyear Outlook', attributed India's firm growth to three megatrends — global offshoring, digitalization, and energy transition. Morgan Stanley forecasts 6.8 per cent growth in 2024 (against RBI's 7 per cent), and 6.5 per cent the next, and thinks inflation will stay within policymakers' comfort zone.

Modi will hit a hattrick on June 4 election result day and, if so, with how many seats in the Lok Sabha. Stock investors are fine-tuning their portfolios with sectors that are likely to benefit if BJP retains power. Going by promises made in BJP's election manifesto, all-things-capex is emerging as the biggest investing mantra before elections.

Google will invest $2 billion in Malaysia to develop its first data centre and Google Cloud region in the country, the unit of Alphabet said on Thursday, the latest in a wave of expansion by global tech firms into Southeast Asia. The government said the investment would advance Malaysia's digital ambitions, and the artificial intelligence (AI) capabilities and other advanced technologies would help local industry move up the global value chain.

North Korea fired a salvo of short-range ballistic missiles early Thursday, Seoul's military said, hours after Pyongyang sent hundreds of trash-filled balloons across the border to punish South Korea. The launch follows a failed attempt by the nuclear-armed North to put a second spy satellite into orbit on Monday, shortly after Seoul, Beijing and Tokyo held a rare summit and called for Pyongyang to give up their nukes. Kim Jong Un's powerful sister on Thursday referred to the balloon barrage, which reportedly contained animal faeces, as «sincere presents» for the South in a statement, saying they were justified retaliation for anti-Kim propaganda sent northwards by activists.

Japanese policymakers are turning their attention to more structural economic factors behind persistent yen declines, convinced that market intervention is limited in its ability to reverse the currency's broader slide. Data due out on Friday is likely to show Japan spent roughly 9 trillion yen late April through early May to slow the decline in the yen, which hit a 34-year low below 160 to the dollar.

S&P Global has raised the outlook on India’s credit rating to “positive" from “stable" while affirming its rating of BBB minus. It cited robust economic growth and improved expenditure quality for the move, which puts India’s sovereign rating in the reckoning for an upgrade.

Mumbai, the temperature typically ranges from 35 to 36 degrees Celsius during the summer, which is considered normal. However, due to high humidity levels ranging from 80% to 90%, the perceived temperature can feel 40 degrees Celsius even at 35-36 degrees Celsius.

About 6.5 million children in Afghanistan are forecast to experience crisis levels of hunger in 2024

FTAs)," US Ambassador to India Eric M. Garcetti said in an interview. "But I do think that there's an openness in Washington to advance a discussion about preferential trade between our countries.

India's sovereign outlook after 10 years to 'positive,' citing improved quality of public spending and expectation of broad continuity in reforms and fiscal policies. India's rating remains unchanged at BBB-. The agency said the country's rating could be upgraded in the next 24 months if it adopts a cautious fiscal and monetary policy that reduces the government's elevated debt and interest burden while bolstering economic resilience. «It's a welcome development,» finance minister Nirmala Sitharaman posted on X, «It has been possible due to the series of macroeconomic reforms undertaken since 2014, along with substantial outlay for capex, fiscal discipline, and decisive & visionary leadership.» Expressing enduring confidence in the economy, economic affairs secretary Ajay Seth told ET, «I am glad S&P, in its own assessment, has realised the strength of India's economy and upgraded outlook… The team led by the chief economic adviser could convince them (S&P) to reach (this) assessment.»

Mastercard’s new “Crypto Credential” service has now gone live, making peer-to-peer crypto transfers far more intuitive for average users.

The U.S. is lifting some financial restrictions on Cuba in a move designed to boost private businesses on the island

India's peak power demand hit a record 246.1 GW till 0300 pm Wednesday as northwest and central parts of the country continue to reel under unprecedented heatwave conditions. The previous record of peak demand was set at 243 GW, including shortage, last September. The peak demand met was 240 GW last year. Peak demand that could not be met today, if any, will be available in a day, a government official said. Electricity demand surpassed the government's expected peak of 235 GW for solar hours in May. The power ministry had projected peak power demand at 235 GW this month during daytime and 225 GW during evening hours. The national capital recorded the highest ever peak of 8,302 MW as of 530 pm Wednesday. It breached the projected peak demand of up to 8,200 MW this summer. In Delhi, peak power demand crossed 7000 MW for 12 days in a row in May for the first time this calendar year. The city's peak power demand had clocked 8,000 MW on May 22. «The persistent heat wave across north India is leading to a sharp demand surge for electricity in the national capital,» a Tata Power Delhi Distribution Ltd spokesperson said.

The top European Union cybersecurity official says that disruptive digital attacks have doubled in the 27-member bloc in recent months and election-related services are also being targeted

Russia’s wealthy elite could face higher income taxes

Australian mining giant BHP Group has pledged to invest in South Africa's economy as it seeks support for a 38.6 billion pound ($49.3 billion) bid to acquire Anglo American, which was founded in the country more than a century ago and remains one of it...

South Africans have voted in an election seen as their country’s most important in 30 years

An international law enforcement team has arrested a Chinese national and disrupted a major botnet that officials said he ran for nearly a decade

Hungary’s top diplomat has visited Belarus for talks on expanding ties despite the European Union’s sanctions against the country