Country Financial News

BJP leader Varun Gandhi on Thursday addressed his first rally in the ongoing Lok Sabha polls in support of Maneka Gandhi, and said his mother has a close connection with the people of her Sultanpur constituency. «Elections are going on everywhere in the country...but there is only one region in the country where people don't call their MP, Sansad ji, Mantri ji, or by her name, but call her mata ji,» the Pilibhit MP said here amid applause from the public. «I am confident that this time you people are going to break all the records. I have no enmity with anyone. When I came to Sultanpur for the first time, I felt the 'Khusbhu' (fragrance) of my father here, but today I feel proud to say that I have come to my motherland,» he said. This is the first time Varun Gandhi has addressed a rally this election season. He has remained out of the public space ever since he was replaced by the BJP with Jitin Prasada from Pilibhit, which went to polls in the first phase of the elections.

Congress did the partition of the country in such a way that for 70 years, we had to look at Kartarpur Sahib through binoculars", PM Modi said at Patiala. "When the Bangladesh war was fought, more than 90,000 Pakistani soldiers had surrendered.

TD Bank on Thursday reported better than expected quarterly earnings helped by strength in Canada and its wealth management unit, even as its U.S segment struggled amid probes related to its anti-money laundering program.

Interglobe Aviation reported that its net profit more than doubled to ₹1,894.8 crore in the quarter ended March 2024. India's largest airline recently decided to purchase 30 wide-body aircraft.Also Read: IndiGo's net profit doubles to ₹1,895 crore in Q4 as travel demand soars"In a groundbreaking move to redefine business travel in India, IndiGo, India's most preferred airline, announces the plan to launch a tailor-made business product for India’s busiest and business routes," IndiGo said in a statement.‘’Considering India’s soaring economy and the evolving aspirations of Indian society, it’s time for IndiGo to redefine premium travel in India, increasing availability of this service for the nation.

Swati Maliwal shared a video of Nirbhaya's mother and said she felt emotional but some might call her a “BJP agent."In a post on X, Swati Maliwal said, “Nirbhaya's mother has fought a long battle for justice in the country. She supported me even when I was fasting for punishment to child rapists.

missiles slammed into Ukraine's second-largest city in the northeast of the country and killed at least six civilians early Thursday, officials said, as Kyiv's army labored to hold off an intense cross-border offensive by the Kremlin's larger and better-equipped forces. At least 16 people were injured as S-300 missiles struck the city of Kharkiv, regional Gov Oleh Syniehubov said. The sound of 15 explosions reverberated around the city of some 1 million people. Ukrainian President Volodymyr Zelenskyy called the attack «extremely cruel.» He expressed renewed frustration at not getting enough air defense systems from the country's Western partners to prevent the barrages after more than two years of unrelenting war. The city of Kharkiv, which is the capital of the region of the same name, lies about 20 kilometers (12 miles) from the Russian border. Moscow's troops have in recent weeks captured villages in the area as part of a broad push, and analysts say they may be trying to get within artillery range of the city.

BJP MP Jayant Sinha, who was asked by the party to show cause for not taking part in campaigning, on Thursday said he was being «unjustly targeted» and the public notice amounted to demoralising dedicated workers like him. Replying to the show cause notice, Sinha said it was issued to him though he had on March 2 communicated to BJP president JP Nadda that he would not be able to shoulder electoral responsibilities as he would focus on combating issues arising from global climate change. The Hazaribagh MP also said that it was wrong for the party to allege that he did not cast his vote on May 20, since he had exercised his franchise through postal ballot and was not in the country on the polling day. «Given my contributions to the party and the circumstances, the public issuance of your letter is unseemly. Your approach demoralizes dedicated party workers and undermines the party's collective efforts. Additionally, despite my loyalty and hard work for the party, it appears that I am being unjustly targeted,» the former Union minister replied on the show cause notice via a post on X.

Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers. The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.

The World Bank says poverty in Lebanon has tripled over the course of a decade during which the small Mediterranean country slid into a protracted financial crisis

₹1.5 trillion are lying scattered across the country because families are not aware of them. Of this, ₹35,000 crore comprises unclaimed deposits of investors relating to 102.4 million accounts, which was transferred to the Depositors Education and Awareness Fund. By writing a will and keeping it updated, one can keep their legacy secure and provide for future generations in their family line.

Indian Premier League, ace Indian spinner Ravichandran Ashwin supported the new change, requesting the bowlers to start working on their batting skills to meet the demands of the game, news agency PTI quoted JioCinema Match Centre Live.Aswhin was commenting because he didn't want to single out the impact player rule as the only contributing factor in high scores being recorded several times this IPL, which registered the 250-mark 41 times and the highest being 287.ALSO READ: Faf Du Plessis explains the reason for RCB's defeat against RR during the IPL 2024 eliminator: ‘With impact player…’"Even if the impact player rule wasn't there, scores would be this high," Ashwin said on JioCinema Match Centre Live on Wednesday, adding, "In my opinion, batters have more confidence and pitches everywhere have been standardised."He said, "In the future, all bowlers will need to be hitters because we know that no matter how well we bowl, we also need to be able to bat. The game is headed in that direction."Earlier, Indian skipper Rohit Sharma expressed his reservation regarding the impact player rule, arguing that it hampers the development of all-rounders in the country.

InterGlobe Aviation Ltd, which runs India’s largest airline IndiGo, more than doubled its net profit to ₹1,894.8 crore in the quarter ended March.The airline's total income rose 26.7% during January-March to ₹18,505.1 crore.Indigo also clocked its highest ever total income for the financial year ended March 2024 at ₹71,231.16 crore, up 27.5% year-on-year. Total income for the corresponding fiscal year was ₹55,881.41 crore.The company’s profit after tax rose to ₹8,172.46 crore during FY2024, against a net loss of ₹305.78 crore a year earlier.The airline beat the estimates of analysts.“For the full financial year 2024, we reported our highest ever total income of around 712 billion rupees with a net profit of around 82 billion rupees and a net profit margin of 11.9%.

Lok Sabha Elections 2024 on May 25.The contest in the national capital has become interesting as it is a direct fight between the Bharatiya Janata Party (BJP) and INDIA bloc parties – the Congress and the Aam Aadmi Party (AAP).The Arvind Kejriwal-led AAP is contesting four seats while the Congress has fielded candidates in three seats as per the seat-sharing agreement. The BJP, which won all 7 seats of Delhi in 2014 and 2019 Lok Sabha elections, has dropped all but one Members of Parliament (MP) for the 2024 elections.All seven seats witnessed high-octane campaigns, rallies and roadshows by leaders of all political parties.

₹1.2-1.8 lakh price range), a rendition of the royal bandhgala, in 2021. And the belief continues to be strong. “Over the past five years, our business in India has experienced robust growth.

MUMBAI:In a significant setback to Gift City's ambitions of becoming a global financial hub, the much-anticipated merger between the two international exchanges located there, NSE IX and India INX, has been called off, according to two persons aware of the development.India INX is a subsidiary of BSE Ltd, while NSE IX is led by the National Stock Exchange Ltd.The merger was expected to enhance trading volumes and attract international investors to Gujarat's Gift City, where the average daily turnover on international exchanges runs into billions of dollars.The talks were called off by the BSE because discussions, on since 2022, had failed to make any headway, said one of the persons cited above.A BSE spokesperson confirmed that the merger talks are "off the table" but declined to comment on the reasons for the decision. Attempts to reach a spokesperson of the National Stock Exchange (NSE) were unsuccessful."The merger was driven by the IFSCA's objective of making Gift City a global financial centre rivalling the likes of Singapore, Hong Kong, Luxembourg, and Dubai.

India's peak power demand hit the season's high of 235.06 GW on Wednesday mainly due to excessive use of cooling appliances like air conditioners and coolers amid severe heat waves in most parts of the country. According to the power ministry data, the peak power demand met or the highest supply in the day is recorded at 235.06 GW on Wednesday, which is the maximum so far in the summer season this year. The all-time high peak power demand of 243.27 GW was recorded in September 2023. The record is expected to be broken during this summer season. Earlier this month, the power ministry projected a peak power demand of 235 GW during daytime and 225 GW during evening hours for May and 240 GW during daytime and 235 GW during evening hours for June 2024.

Congress chief Sonia Gandhi Thursday said these are very important elections to save democracy and the Constitution, and urged the people here to play their part in this fight and make INDIA bloc candidates victorious on all seven seats. In a video statement, the Congress parliamentary party chief also asserted this Lok Sabha election is being fought on issues such as unemployment, inflation and attack on constitutional institutions. Click here to participate in our Lok Sabha Elections Survey to gauge the mood of the nation «This is a very important election. This election is an election to save the democracy and Constitution of the country. This election is being fought on issues like unemployment, inflation and attack on constitutional institutions. You have to play your part in this fight,» Gandhi told the people of Delhi in her message.

Singapore and Central Asia’s biggest state Kazakhstan are the leading transit hubs in their regions. This is one of the reasons why the two countries are establishing close economic ties that can stimulate growth and find new business opportunities. This will also boost India’s role as a link country between SE Asia and Eurasia as well as the Chabahar Port where India has gained management rights for 10 years. Kazakhstan is developing a Trans-Caspian international transport route that will connect the vast markets of Asia and the EU. Kazakhstan's cooperation with Singapore, a major international transport and logistics center, can help both countries improve the efficiency of transport links in Asia. Singapore has arrangements with Eurasian Economic Union to boost economic presence in Eurasia. In a world with a new geopolitical alignment, security and consistency of supply chains have become more important than ever. In this regard, Kazakhstan has enormous potential for the supply of rare earth metals, the demand for which is growing every day due to the development of green energy. These metals are also widely used in high-tech devices and electronics, in the manufacture of batteries and magnets, according to experts.

Rishi Sunak made the surprise announcement on Wednesday amid questions about his leadership due to falling popularity. Shrugging off the voices of criticism, Akshata Murty has shared a small but powerful message for her husband, Rishi Sunak, ahead of the elections.Also Read: Royal family cancels public engagements as UK PM Rishi Sunak calls for surprise summer elections on July 4In a recent post on Instagram, Akshata Murty shared her images with her husband Rishi Sunak and wrote, “I’m with you, every step of the way".A post shared by Akshata Murty (@akshatamurty_official)The couple was paired with blue apparel.

Saudi Arabia signed deals to buy electricity from two large-scale wind farms that are cheaper than natural gas plants, as it aims to rapidly transition to a bigger share of renewables in the power grid. The state-run Saudi Power Procurement Co. this week said it had agreed to purchase power at record-low prices from the wind projects to be developed in the kingdom by Japan’s Marubeni Corp. A combination of state backing and strong wind conditions in the country will help make the green power plants cheaper than fossil fuel alternatives, the head of the Saudi company said. “What’s unique about these projects is they’ve achieved extremely low cost of electricity that is considered the lowest we’ve seen globally,” Mazin Albahkali, chief executive officer of SPPC, said in an interview. “Achieving extremely low tariffs on renewables is definitely helping reduce the cost of power generation in Saudi Arabia.”

In the company's annual results for the year to 31 March 2024, SMT revealed it had parted ways with the Chinese mobile platform over concerns the country's ongoing political and regulatory developments could stifle growth. Scottish Mortgage returns to TSMC for the first time in a decade «The constraints that go with scale for Chinese businesses have increased substantially,» said lead manager Tom Slater. «As a result, it will be difficult for Tencent to meet our more demanding inclusion criteria over the coming years,» Slater said, parting ways with the firm despite having a «massi...