Country Financial News

Ebrahim Raisi in a helicopter crash on Sunday along with that of foreign minister Hossein Amir-Abdollahian comes at an explosive moment in world affairs, with domestic and global implications. Raisi’s departure is expected to spark a power struggle in a country that has been in turmoil over mounting calls for democratic reforms and women’s rights.

Iranian President Ebrahim Raisi died in an apparent helicopter crash in the East Azerbaijan province of the country. Various human rights groups have nicknamed as the "Butcher of Tehran". What is the reason for this? What has the deceased President done to earn the notorious title?

raised tension with neighboring Serbia. A police statement said they closed the branches of the Postal Savings Bank, following a request from financial institutions on their illegitimacy and based on an authorization from the prosecutor’s office. Starting on Feb.

Tata Steel has signed an agreement with National Grid Plc's Electricity System Operator to build the power infrastructure required to switch its Port Talbot site to a green steel project.

Defense Secretary Lloyd Austin committed Monday to keeping weapons from the United States moving to Ukraine as Kyiv faces one of its toughest moments against a renewed assault by Russia.

Prices of Indian lab-grown diamonds (LGDs) have crashed by 45% in FY24 due to overproduction in the global markets. In FY24 global production of lab-grown diamonds stood at 40 million carats, which is almost 33% higher than FY23 production.

Delhi High Court has refused to direct all the medical professionals in the country to specify to the patient all possible risks and side effects associated with a drug, or a pharmaceutical product being prescribed. A bench of Acting Chief Justice Manmohan and Justice Manmeet Pritam Singh Arora dismissed a PIL filed by Kerala-based social worker Jacob Vadakkanchery, also a naturopath, seeking a mandate from the government that medical professionals should specify the side effects in an additional slip in the regional language along with the prescription. «Since the legislature in its wisdom has elected to impose this duty on the manufacturer and the pharmacist (to state about side effects), we do not find any ground for issuing a direction as prayed for in this PIL as it would amount to judicial legislation,» the HC said in its May 15 order. The judges noted that while Vadakkanchery had admitted there are safeguards under the existing law with respect to apprising the patient about the possible side effects of the prescribed drugs, the Drugs and Cosmetics Act 1945 obliges the manufacturer or its agent importing the drug to provide a package insert which shall duly disclose the side effects of the drugs to the consumer.

tornadoes and extreme weather events in the US in the past few weeks, a storm season has begun to hit the country with weather variations across the length and breadth of the country. On Sunday, winds speeding up to 100 mph were noticed in Kansas even as Tennis Ball-sized hail storms were raining down in the state.

immediate effect," the government said, according to PTI. The strict direction came amid scorching heatwave conditions in Delhi, with the Najafgarh area of the national capital recording a temperature of 47.5 degrees Celsius, the highest in the country. The Indian Meteorological Department has issued a Red alert for the next five days, predicting heat wave conditions in many parts of Delhi and high temperatures in other areas.

Iranian President Ebrahim Raisi’s death has dealt an unsettling blow to the country’s politics and raises questions regarding the succession of not just the presidency, but also the most powerful position in the country—that of supreme leader. Raisi, who died in a helicopter crash over the weekend along with Iran’s foreign minister, was widely seen as a potential successor to the current top figure, Ayatollah Ali Khamenei, who is 85 and has a history of illness. There is no publicly anointed heir-apparent.

₹2,000 crore, even if the deal does not otherwise meet the asset and sales threshold for merger regulations. The amendments also said CCI has to make a first impression of a deal within 30 days, failing which it will be deemed to be approved. Kaur also explained that the emergence of new-age markets has led to a revamp in competition laws around the world, as digital economy adds to the complexities.

Copper prices hit all-time high to break March 2022 record; what's driving the rally? Brent finished the previous week with a 1 per cent increase, marking its first weekly gain in three weeks. WTI had advanced by 2 per cent, bolstered by positive economic data from the U.S. and China, the world's largest oil consumers.

In charts: India’s spices exports raise a stink abroad Certain Everest and MDH products were recently found to have violated rules around ethylene oxide residue in Singapore and Hong Kong, resulting in recalls and bans of specific batches of their products in these markets. Hong Kong completely prohibits ethylene oxide in food products, while Singapore has a limit of 50 parts per million. The European Union's limit is even lower, ranging from 0.02 to 0.1 mg per kilo.

A former New York registered investment advisor has been convicted in connection with a scheme to misappropriate more than $1 million from clients – and faces up to 30 years in prison.

expressed grief over the demise of Iranian President Ebrahim Raisi, who died in a chopper crash. In his condolence message on X, formerly Twitter, Modi said India stands with Iran in ‘this time of sorrow’. "Deeply saddened and shocked by the tragic demise of Dr.

visit to China and nearly a month after he cancelled his visit to India. Musk's plan to visit India between April 20 and 22 was cancelled at the last moment, and there is no update on Tesla's entry into the Indian market. According to a PTI report, Elon Musk's Tesla is yet to inform India about its plans to enter the country.

Alphabet-owned Google will invest a further 1 billion euros ($1.1 billion) into the expansion of its data centre campus in Finland to drive its artificial intelligence (AI) business growth in Europe, it said in a statement on Monday.

Prince Edward Island (PEI), a significant protest is unfolding. A group of former and current international students, mostly from India, have taken to the streets, voicing their distress over a policy shift that jeopardizes their future prospects in the country. According to reports, the controversy centers on the Provincial Nominee Program (PNP), a lifeline for many international students aiming to secure permanent residency (PR) in Canada. Typically, Indian students enroll in institutions in provinces like Ontario or British Columbia. However, upon realizing the fierce competition for PR in these densely populated areas, many transfer to smaller, less populated provinces like PEI. Do you meet the immigration criteria? Check here These provinces, grappling with stagnant and aging populations, have historically relied on the PNP to attract temporary residents, thereby addressing labor shortages and sustaining population growth.

Also Read: Explained: Why are central banks accumulating gold in large quantities? In addition to the expectation of a rate cut by the US Fed, other major central banks are signaling their willingness to lower interest rates. Bank of England Governor Andrew Bailey hinted at possible rate cuts as soon as next month, while Sweden's central bank recently implemented its first interest rate cut in eight years. Emerging central banks are continuing their momentum in gold purchases, with China leading the way.

Ebrahim Raisi, Foreign Minister Hossein Amir-Abdollahian, and other officials, were found dead at the site of a helicopter crash on Monday, following an hours-long search through a foggy, mountainous area in the northwest of the country, state media reported. Newswire AP reported that Raisi has long been regarded as a protégé of Iran's supreme leader, Ayatollah Ali Khamenei, and a potential successor within the country's Shiite theocracy. The news of the helicopter crash, which Iran's state media referred to as a “hard landing" on Sunday, has drawn renewed attention to Raisi, who was under sanctions from the US and other countries for his alleged role in the mass execution of prisoners in 1988.

REVINGEHED, Sweden—Deep in the Scandinavian forest, Elin Forsberg’s face is planted in the grass, her arms pinned to her back by two soldiers in mock arrest. The 19-year-old high achiever is one of the newest members of Sweden’s armed forces and a product of its fiercely competitive conscription process. “It’s a privilege," Forsberg says of being chosen for military service—less than 10% make the cut.