Country Financial News

26.05 / 19:09
UPS CEO Parke country cover exclusive 360 ONE founder Karan Bhagat buys luxury apartments in Mumbai’s Worli for Rs 170 crore
Karan Bhagat, founder, managing director and chief executive officer of wealth and alternatives-focused asset firm 360 ONE, bought two sea-view luxury apartments in a super-premium residential tower in Mumbai’s plush Worli locality for a total Rs 170 crore. The apartments cover 12,900 sq ft built up area on the 45th and 46th floors of Three Sixty West project on Dr. Annie Besant Road. Bhagat will also get exclusive access to eight car parking slots. The deal was struck at about Rs 1.31 lakh per sq ft, pushing it higher in the tally of most expensive deals on per sq ft basis anywhere in the country.
26.05 / 19:09
Cooper security Trade President Experts country gatherings Chinese and Japanese leaders in South Korea for their first trilateral meeting since 2019
Leaders of China and Japan arrived in Seoul to meet separately with South Korea's president on Sunday, a day before they gather for their first trilateral meeting in more than four years. No major announcement is expected from Monday's trilateral South Korea-China-Japan meeting. But just resuming their highest-level, three-way talks is a good sign and suggests the three Asian neighbors are intent on improving their relations.
26.05 / 19:09
Interface Research community country innovations biodiversity International WIPO treaty a big win for India & global south: Commerce ministry
genetic resources and associated traditional knowledge at the World Intellectual Property Organization (WIPO) is a «significant win» for India and the global South ,comprising mainly low-income and developing countries, the commerce and industry ministry said on Sunday. The treaty will establish in international law a new disclosure requirement for patent applicants whose inventions are based on genetic resources and associated traditional knowledge. This will also offer added protection to Indian generic resources and traditional knowledge in countries that don't currently have disclosure obligations. The signing of the treaty on Friday capped two decades of negotiations. It was adopted at the multilateral fora with a consensus among more than 150 countries, the ministry said in a statement.
26.05 / 15:11
markets UPS economy President country rights Clarity? In this economy?
Jim LaPointe knows that how the economy feels «depends on your perspective.»
26.05 / 14:03
UPS SpaceX Photos Universities track country Interviews Space junk falling on Saskatchewan farmland prompts question: who’s liable?
In the past few years, there have been a variety of cases of space debris falling to Earth, with one object crashing through the roof of a Florida home in March and most recently, a piece of debris from a SpaceX spacecraft landing in a Saskatchewan farmer’s field.
26.05 / 13:47
UPS Man Research President Universities country rights Three decades after Rwanda’s genocide, the past is ever-present
genocide. Over 100 days in 1994 masses of the majority Hutu population slaughtered hundreds of thousands of their countrymen, mostly from the minority Tutsi group. In these annual speeches Mr Kagame offers glimpses of why he is Africa’s most polarising leader.
26.05 / 13:33
UPS Target President Celebrity country Stalin says DMK will dedicate INDIA bloc's victory in Lok Sabha polls to Karunanidhi
DMK President M K Stalin on Sunday said his party would dedicate the INDIA bloc's victory in the Lok Sabha polls to late party patriarch M Karunanidhi and celebrate his centenary at the national level. On the occasion of the birth anniversary of Karunanidhi (1924-2018) on June 3, which also marks the culmination of year-long (2023-24) centenary celebrations of the DMK icon, Stalin heaped praise on the leader for his contributions to democracy and the nation. Whenever democracy faced crisis situations, «leaders from North India looked up to Karunanidhi» and it was his «stellar contributions» that ensured the retrieval of democracy and brought stability to the government, and «this cannot be disputed by anybody», Stalin said. «It was Karunanidhi who championed state autonomy at the national level, batting for federalism.» He went on to say, «The Lok Sabha election results will be out on June 4. That day we shall hoist the victory flag and dedicate INDIA's (bloc) victory to Kalaignar,» he said, adding that the centenary celebrations would be organised at the national level.
26.05 / 12:37
Waves Waters country reports isolate recommendations Highest temperature in India soars to 50 degrees. Severe heatwave to continue for 5 days, red alert for 5 states
heat wave conditions are expected to persist in the plains of worthwest India over the next 4-5 days. Regions such as the Western Himalayan area, Madhya Pradesh, Vidarbha, and Chhattisgarh are also likely to experience heat wave conditions during this period. Severe heat waves have been prevalent in many parts of Rajasthan, with isolated pockets in Jammu and Kashmir, Himachal Pradesh, Haryana, West Uttar Pradesh, West Madhya Pradesh, Vidarbha, and the Gujarat region also experiencing similar conditions. Isolated areas in Haryana, Rajasthan, Uttar Pradesh, and East Madhya Pradesh reported warm night conditions. On Saturday, Phalodi in West Rajasthan recorded the highest maximum temperature in the country at 50.0°C.
26.05 / 12:37
Remark awards film stage country stars Features PM congratulates director Payal Kapadia for Cannes win
Narendra Modi on Sunday said the country is proud of director Payal Kapadia who became the first Indian filmmaker to win the Grand Prix award at the 2024 Cannes Film Festival for her film "All We Imagine as Light". He also said through her remarkable talent the FTII alumnus has given a «glimpse of the rich creativity in India». «India is proud of Payal Kapadia for her historic feat of winning the Grand Prix at the 77th Cannes Film Festival for her work 'All We Imagine as Light'. An alumnus of FTII, her remarkable talent continues to shine on the global stage, giving a glimpse of the rich creativity in India. This prestigious accolade not only honours her exceptional skills but also inspires a new generation of Indian filmmakers,» Modi said in a post on X. «All We Imagine As Light», which marks Kapadia's feature directorial debut, won the Grand Prix, the second-most prestigious prize of the festival after the Palme d'Or at the closing ceremony of the 77th Cannes Film Festival on Saturday night.
26.05 / 12:37
markets COST security Sustainability Trade country International India sets sights on global renewable ammonia market, takes strides towards sustainable energy leadership
India is positioning itself as a key player in the renewable ammonia market with several international trade agreements already inked and more on the horizon. According to S&P Global Commodity Insights, however, industry insiders emphasize the need for greater policy clarity and price stability to transform these agreements into binding deals. The country's ambition to produce 5 million metric tons (mt) of renewable hydrogen by 2030 and secure a 10 per cent share of the global trade by that time underscores its commitment to renewable energy.
26.05 / 12:37
UPS Southern Refugees country Department evacuation More than 115,000 flee as Cyclone Remal approaches Bangladesh
Bangladesh: More than 115,000 Bangladeshis left their coastal villages on Sunday for concrete storm shelters further inland as the low-lying nation prepared for crashing waves when a cyclone makes landfall, officials said. Cyclone Remal is set to hit the southern coast and parts of neighbouring India on Sunday evening, with Bangladesh's weather department predicting howling gales and gusts of up to 130 kilometres (81 miles) per hour.
26.05 / 11:45
FIVE President country rock Department International mountaineering More than 670 feared dead in Papua New Guinea landslide, UN agency says
U.N. migration agency estimated on Sunday as rescue efforts continued. Media in the South Pacific nation north of Australia had previously estimated Friday's landslide had buried more than 300 people. The International Organization for Migration (IOM) said earlier on Sunday that only five bodies had been retrieved from the rubble.
26.05 / 09:25
UPS Election President Universities country rights NOT Sometimes U.S. and U.K. politics seem in lockstep. Not this year.
United States follows with a momentous presidential election a few months later. It happened in 2016, when Britons voted for Brexit and Americans elected Donald Trump, and now it's happening again. Political soothsayers might be tempted to study the results of Britain's July 4 general election for clues about how the United States might vote on Nov. 5. In 2016, after all, the country's shock vote to leave the European Union came to be seen as a canary in the coal mine for Trump's surprise victory later that year.
26.05 / 09:25
Gap Trade show country India in trade deficit with nine of top 10 trading partners in 2023-24
India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24, according to official data. The data also showed that the deficit with China, Russia, Korea, and Hong Kong increased in the last fiscal compared to 2022-23, while the trade gap with the UAE, Saudi Arabia, Russia, Indonesia, and Iraq narrowed. The trade deficit with China rose to USD 85 billion, Russia to USD 57.2 billion, Korea to USD 14.71 billion and Hong Kong to USD 12.2 billion in 2023-24 against USD 83.2 billion, USD 43 billion, USD 14.57 billion and USD 8.38 billion, respectively, in 2022-23. China has emerged as India's largest trading partner with USD 118.4 billion of two-way commerce in 2023-24, edging past the US.
26.05 / 09:13
Platform Pool wellness country exclusive techno Interviews Venturi Partners looks at launching India-focused fund for family offices
private-equity firm Venturi Partners is considering raising a $75-100 million fund in India to invest in local consumer-focused growth-stage companies, managing director Rishika Chandan said in an interview. The fund, likely to be launched later this year, will be pooled from top family offices in India, Chandan added.“The intention is to give access to Indian families that want to be part of this platform and get access to growth-stage consumer companies because most funds in India [invest mainly in] early-stage [companies]," Chandan said.According to her, there are several India-focused generalist funds investing in growth-stage consumer companies but not many that cater exclusively to families.
26.05 / 09:13
Extreme BAY country Department Updates Cyclone Remal Alert! How India, Bangladesh are bracing for the year's first cyclone? Explained
Bangladesh Meteorological Department elevated its storm danger signal to the maximum level of 10 for two ports and nine coastal districts in the South Asian country, issuing warnings via loudspeakers.Also Read | Live updates on Cyclone Remal in India and BangladeshThe coastal regions of these South Asian neighbours have faced numerous severe storms in recent years. In 2021, Cyclone Yaas rendered over 50,000 people homeless and resulted in at least one fatality.
26.05 / 09:13
UPS Man Porsche wellness country fun reports Manu Joseph: What explains new harmful behaviours of India’s rich
15 hours of the incident, and then, because of public anger, taking him back into remand. The teenager’s father, a builder named Vishal Agarwal who it appears had wilfully given him the car, reportedly tried to flee, but was eventually arrested. Stripped of legal jargon, the man was arrested for being a lousy parent and thus a danger to society.
26.05 / 07:31
markets Strategy NVIDIA MSCI trends country Is India a growth or value market? Decide with the help of some data
The investor argued strongly that following a value strategy in India could be more lucrative. To support his point, he presented data from the MSCI India Value and MSCI India Growth indexes over 3, 5, and 10-year periods. In each case, the Value index outperformed the Growth index. He was confident that this trend would continue in the future.
26.05 / 07:31
community DAL country rights Opposition alliance will change Constitution, give reservation to Muslims: PM Modi
Narendra Modi on Sunday branded the opposition INDIA bloc as communal and casteist, and claimed they have decided to change the Constitution to give reservation to Muslims. While the SP-Congress is dedicated to vote bank, Modi is dedicated to rights of backwards and the poor, he said addressing a poll meeting here in support of NDA alliance partner Apna Dal's candidate from Mirzapur Lok Sabha seat Anupriya Patel and Robertsganj Lok Sabha seat Rinki Kol.
26.05 / 07:03
Manufacturing country reports testing symptoms Updates Thousands of NÜTRL tumblers recalled after dozens report illness
A promotional NÜTRL branded tumbler that was recalled in Canada earlier this month caused multiple reports of adverse health effects, an updated notice said Friday.
26.05 / 05:49
country Cyclone Remal Alert! Landfall expected in Bengal tonight, here's how 'Remal' got its name
Cyclone Remal Live Updates"The CS "Remal" over North BoB about 290 km S SE of Sagar Islands(WB) 300 km S SW of Khepupara(Bangladesh) and 320 km S SE of Canning (WB). To intensify into a severe cyclonic storm in next 06 hours and cross between Bangladesh and adjoining WB coasts around 26 midnight as SCS," the IMD posted on X on Sunday morning.The cyclone has been named ‘Remal’ by the established naming protocol for cyclones in the Indian Ocean region.This naming convention is standardized for tropical cyclones in the North Indian Ocean, spanning the Arabian Sea and the Bay of Bengal.As part of the Regional Specialised Meteorological Centres (RSMCs), the IMD collaborates with 12 other regional countries to designate names for tropical cyclones.The name ‘Remal’, proposed by Oman, holds significance as it translates to ‘sand’ in Arabic.The IMD predicts that the cyclone will bring heavy rainfall and strong winds to West Bengal, coastal Bangladesh, Tripura, and other northeastern states.Originating as a low-pressure area on May 22 in the Bay of Bengal, it has since intensified into a depression, now positioned in the North Bay of Bengal.Also Read: Cyclone Remal to hit Bengal today: IMD issues severe warning in THESE states; flights suspended in Kolkata.

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