Country Financial News

India's electronics manufacturing services (EMS) into sharp focus:

Congress leader Rahul Gandhi said on Wednesday that the system is heavily aligned against the lower castes and that he knows the system from inside as his grandmother and father were prime minister and later he used to visit the PM's house when Manmohan Singh lived there. He asserted that the country's 90 per cent population including the Dalits, OBCs, tribal communities and the minorities does not have representation in the country's narrative and power structure. Gandhi said his party aims to ensure the participation of the country's 90 per cent population in the country's progress. Addressing an event in Panchkula this evening, Gandhi took a swipe at the BJP, saying the saffron party's «end» is coming.

Wilde Wealth Management, one of the largest firms within Cetera’s affiliate network, has arrived at a significant milestone on its continuing growth journey.

Sunak, 44, will be facing the public for the first time as the leader of the party, after being chosen as the leader of the largest party in parliament by a vote within the Conservatives in October 2022. He took office in October 2022, following the scandal-ridden premiership of Boris Johnson and the upheaval of Liz Truss's 49-day tenure.After his speech late Wednesday, Sunak posted on X, “These uncertain times call for a clear plan and bold action to chart a course to a secure future.

Jaunpur: Madhya Pradesh Chief Minister Mohan Yadav on Wednesday alleged that when the Congress was in power at the Centre, India's borders were insecure and the entire country was in disarray due to scams. He exuded confidence that the BJP would win the Lok Sabha polls with a huge majority and form government for the third time in a row. Addresding a poll rally here, the BJP leader said, «India's borders were insecure during the Congress rule and the entire country was in disarray due to scams.» «Today, the country has become strong under the leadership of Prime Minister Narendra Modi. When Pakistan made a mistake, it was attacked in its own home,» he said and reminded the gathering that it was the BJP government that abrogated Article 370.

Top news of the day: On 22 May, a series of events are set to take place right from politics to business. A bomb threat was received by the Union Home Ministry’s office at Delhi’s North Block. China's top internet authority has introduced a language model rooted in President Xi Jinping's political philosophy.

Lok Sabha Elections held in 2019, the BJP had won 303 of the total 543 seats in the Lok Sabha.The American political scientist said that "but from the perspective of the rest of the world", India is an "economy that has underperformed for a long time but is now doing a lot better".ALSO READ: Lok Sabha elections 2024: Indian stock market to be disappointed if BJP falls short of PM's 400-seat prediction — expertsHe said, “This is also a country that was very inward-focused for a long time, but this region is now becoming much more of a global leader..."In an interview with NDTV, Bremmer said the Indian general election, from a global political perspective, is "the only thing that looks stable and consistent...everything else (including the United States election due in November) is problematic".ALSO READ: '310 paar already': Amit Shah urges people to help PM Modi win over 400 Lok Sabha seatsBremmer also hailed "free and fair, and transparent" Indian electoral process. "Modi is almost certainly going to win a third term on the back of pretty strong economic performance and consistent reform (and) that, in the grand scheme, is a very stabilising message," he was quoted by NDTV is saying.ALSO READ: Lok Sabha elections 2024: Indian stock market to be disappointed if BJP falls short of PM's 400-seat prediction— expertsOn India's economic future, Bremmer said, "...we see growth picking up.

Pakistan-Occupied Jammu and Kashmir, All India Majlis-e-Ittehadul Muslimeen chief Asaduddin Owaisi asked the BJP on Wednesday what they have done in the last 10 years to get back PoK? Owaisi also mentioned that he also wants that PoJK should be included in India but this issue only comes forward during the elections. «Now they (BJP) are not saying '400 paar'. The real issue is that the prices of petrol have crossed Rs 100 and the incidents of paper leaks are taking place in Varanasi, from where PM Modi is a candidate. They talk about Pok, but what have they done in the last 10 years to get it? We are also saying that PoK is a part of India and we should get it back but the issue of PoK only comes forward during elections,» he said.

shooting early Wednesday at a linen company in a Philadelphia suburb killed two people dead and wounded three others, police said. The shooting at Delaware County Linen in Chester occurred around 8:30 a.m., and a suspect was taken into custody at the scene.

mortgage rates and rising prices continued to put a damper on the spring homebuying season last month. Existing home sales fell 1.9% to a seasonally adjusted annual rate of 4.14 million in April from a revised 4.22 million in March, the National Association of Realtors reported Wednesday. Sales dropped across the country — down 4% in the Northeast, 2.6% in the West, 1.6% in the South and 1% in the Midwest.

Delhi: Prime Minister Narendra Modi on Wednesday tore into the INDIA bloc accusing it of being extremely "communal, casteist and nepotistic" as he alleged that all parties which are the Congress are to be blamed for the anti-Sikh riots. Addressing a rally in Dwarka, he said the BJP's development model is committed to 'nation first' but for the Congress and the INDIA grouping, the only agenda is 'family first'. «The country also understands that if by mistake any vote is cast in favour of INDI alliance, that vote is not going to be of any use to the country. Every vote given to BJP will strengthen the resolve of 'Viksit Bharat'. That is why this huge sea of people is also saying in one voice 'Phir Ek Baar Modi Sarkar',» he said. Attacking the Congress and the INDIA bloc, he said in Delhi, Sikhs were burnt alive.

Pentagon has given out the details of a Russian counter space weapon that was launched earlier into the Low Earth Orbit (LEO). This weapon is said to be capable enough of attacking US Space assets. The US said that this launch took place on May 16, 2024.

Ericsson expects significant use cases to emerge in India for 5G services that will drive densification of telecom networks in the country, a senior company official said on Wednesday. Ericsson India Managing Director Nitin Bansal, at a company's event to showcase 5G technology, said the company is actively engaging with academia, partners, and ecosystem players to develop relevant India-specific use cases. «Significant use cases will emerge in India within the next 12 to 24 months, facilitated by the network slicing capability of 5G technology,» Bansal said. India continues to be a strategic market for us and the second-largest market for Ericsson, he added.

Lok Sabha polls, Congress general secretary Jairam Ramesh has said that «the candidate of the biggest party will be the PM» as happened in 2004 and the name would be announced soon after the results. In an interview with ANI, Jairam Ramesh also talked of the party's demand for a Joint Parliamentary Committee probe into the "Modscam", saying that a INDIA bloc government will form the committee within a month. He said INDIA Alliance will get «a clear and decisive» mandate in the Lok Sabha polls.

A bill before California lawmakers would require new cars sold in the state in coming years to beep a warning whenever drivers exceed the speed limit by at least 10 mph

Sales of previously occupied U.S. homes sank last month, pushed down by high mortgage rates and rising prices

Canada has reached “a critical turning point” as the high cost of living and housing in this country push more people below the poverty line, says a report out today from Food Banks Canada.

Russia will likely open its first liquefied petroleum gas (LPG) terminal on the Pacific Ocean coast with joint investments from China by the end of 2025, two industry sources said on Wednesday. Last week, Russian Direct Investment Fund (RDIF) struck an agreement with Chinese petrochemical company Haiwei to finance the marine terminal in Russia's Far East to ship LPG. It did not provide the timings for the project completion.

Mint. The Mumbai-based company has a strong foothold in the southern and western parts of the country, and is planning to bolster its presence in the northern and eastern regions. It's targeting Uttar Pradesh, Uttarakhand, Madhya Pradesh (MP), Assam, Telangana, and Andhra Pradesh (AP).

ResiClub co-founder and editor-in-chief Lance Lambert discusses the U.S. housing affordability crisis on 'Making Money.'

Indian rupee ended slightly stronger on Wednesday after dollar demand from local importers prompted the currency to shed gains from a six-week high hit earlier in the session. The rupee closed at 83.28 against the U.S. dollar, marginally stronger than its close at 83.3050 in the previous session. The rupee climbed to an intra-day peak of 83.2250, its highest since April 10.