Country Financial News

government has shown its desire to create a pool of domestic capital for new age businesses but it needs to increase financial support to the startup ecosystem, said Kunal Bahl, cofounder of Titan Capital and founder of Snapdeal said on Saturday. “One of the things that this government has done, which is tremendously good, is setting up the Fund of Funds…The Sidbi-sponsored Fund of Funds has now invested in 140 domestic funds. They started with Rs 10,000 crore; they now have Rs 15,000 crore because the value of investments of the funds that they've invested in have grown that much in that period,” said Bahl at the CII Annual Business Summit.

household savings getting invested in futures and options trade, Chief Economic Advisor V Anantha Nageswaran on Saturday said there is a need to reconsider sachetisation of F&O trade because it requires different financial literacy. Speaking at the CII's Annual Business Summit, 2024, Nageswaran said whenever financial sector development precedes national development the story hasn't ended well for other countries as well. «Asian crisis 1997-98 is a very important example,» he said.

Narendra Modi on Saturday said that enemies of the nation have to think 100 times before causing any harm as there is a dhaakad (powerful) government in the country. Referring to Pakistan, Prime Minister Modi at an election rally in Ambala said the neighbouring country, which used to trouble India for the past 70 years, is now roaming with a begging bowl in its hands due to the BJP's 'dhaakad' government at the Centre. «When there is a 'dhaakad' government in the country, enemies too think 100 times before doing anything. Pakistan had been troubling India for 70 years, it had bombs in its hands. Today it has 'bheekh ka katora' (begging bowl) in its hands. When there is a 'dhaakad' government, enemies tremble,» Prime Minister said.

Himanta Biswa Sarma on Saturday alleged that Congress leader Rahul Gandhi has been displaying the Chinese constitution at his rallies, instead of the Indian one. The BJP leader claimed that the book shown by Gandhi is with a red cover like the original Chinese constitution, whereas the original Indian constitution has a blue cover. «Rahul is displaying a red Chinese constitution to the people attending his meetings,» Sarma wrote on X. In response, several social media users said that the red-bound Constitution is a coat pocket edition, which has been presented to top Indian leaders, including the President and the Union Home minister.

Also Read: Pakistan PM Shehbaz Sharif says all state-owned enterprises to be sold to private owners, blames lack of funds From the moment information about the incident was received, law enforcement agencies of the Kyrgyz Republic took prompt measures to detain persons involved in the event, both foreign citizens and citizens of the Kyrgyz Republic. Kyrgyz Republic said that the situation was completely under the control of the security forces and added that the safety of citizens and public order were ensured.

Lok Sabha elections in the state. Stray cattle that are left to loiter the roads by their former owners once they stop producing milk end up destroying standing crops of farmers and also causing road accidents. It was one of the major issues raised by the Samajwadi Party during the assembly elections in 2022 and remains a poll point in the ongoing election.

INDIA bloc as the 'Bhanumati's clan', SP chief Akhilesh Yadav on Saturday claimed that the BJP's clan will disintegrate after June 4. On Friday, the prime minister addressed an election rally in Fatehpur and said, «Currently, four phases of elections have been held in the country. But, the common man has defeated the INDI Alliance in these phases only. Bhanumati's clan is falling apart, it has surrendered.» «No one wants to work hard in the remaining elections. The workers of INDI Alliance were already disappointed, (and) now they have stopped leaving their homes,» he added. Taking a jibe at the prime minister, Akhilesh Yadav, during an election rally in Balrampur on Saturday said, «After the four phases of elections, the BJP has already lost on all four fronts.»

BJP) president JP Nadda has said that Prime Minister Narendra Modi has been referring to "mangalsutra" in his election speeches to expose «thinking in Congress on wealth redistribution» and that the UPA government had said that Muslims have the first right over the country's wealth. In an interview with ANI, Nadda said the Modi government has lifted 25 crore people out of poverty, has worked for everyone and has taken steps for the empowerment of women, farmers, the poor, Dalits and other weaker sections. He accused Congress of following policies of divide and rule and not working for the integration of society. Nadda referred to remarks of former Congress Overseas Chairperson Sam Pitroda pertaining to «redistribution of wealth» and "inheritance tax" and said he was the guru of Congress leader Rahul Gandhi.

Amit Shah on Saturday highlighted Uttar Pradesh's transformation from a state known for producing country-made pistols to one now manufacturing cannon balls. Addressing an election rally in Lalitpur in favour of BJP's Jhansi candidate Anurag Sharma, who is eyeing a second term, the Union home minister said the state started developing only after Narendra Modi became the Prime Minister and Yogi Adityanath the Chief Minister. «There was a time when country-made pistols were produced in Uttar Pradesh. But PM Modi built a defence corridor in Bundelkhand, and now cannon balls are made here,» Shah said. He added that «if Pakistan makes any mistake», the shells made in Bundelkhand will be used to «destroy» the country.

Adityanath on Saturday hit out at the Congress over its alleged proposal to introduce inheritance, and said Mughal emperor Aurangzeb's soul has crept into the grand old party. He said the inheritance tax is like the 'jizya' tax imposed by Aurangzeb. Addressing a rally in Malegaon town in Maharashtra's Nashik district, he said the BJP is contesting elections not merely for power but to build a developed India. «There should be no doubt that Narendra Modi is coming back once again as the prime minister,» Adityanath asserted.

AFP, the poolside event showcased Moroccan designer Yasmina Qanzal's collection, which included predominantly one-piece swimsuits in shades of red, beige, and blue. Many models had exposed shoulders, and some displayed partially visible midriffs. “It's true that this country is very conservative but we tried to show elegant swimsuits which represent the Arab world," Qanzal told AFP.

India's structural reforms, Amitabh Kant, India’s G20 Sherpa and former Niti Aayog chief, said such reforms have moved the country from the fragile 5 to the top 5, leading to a growth rate of about 8.4% in the last 3 quarters. «Analysts are correct in saying that 30% of the global GDP growth will come from India between 2035-2040,» said Kant while addressing the CII Annual Business Summit 2024. Kant urged India Inc to work with the states to accelerate their development. He added that the government needs to collaborate with the states as we need to focus on building 12-13 champion states growing at 10-11% per annum.

The price change in 24 carat gold in the last one week has been -0.19% .whereas in the last month it has been 0.65%. The cost of silver is Rs.86460.0 per kg up by Rs.60.0 per kg. Gold Price Today in Delhi is ₹75731.0/10 grams.

Rohit Sharma can be seen interacting freely with MI pacer Dhawal Kulkarni until he sees the cameraman. As soon as he sees the camera, Rohit pleads with the cameraman to turn off the sound of the last recorded conversation, making life difficult for him. Speaking to the cameraman in the social media video, Rohit said, "Bhai, audio band karo haan.

debit cards for payments has remained stagnant during the timeframe, RBI data showed. RBI’s latest decision to enable cash deposit facility through UPI at ATMs will only hasten the process of a complete switch from card-based transactions to fully mobile/ digital payments, according to top officials in digital payments infrastructure business. With this announcement, customers no longer have to carry their debit cards for depositing cash at the CDMs (cash deposit machines).

Bring out your designer sunglasses, because this show is about Korea’s super rich. About men who flash their black cards to buy an apartment that costs 991,442,000.00 rupees (16 Billion Won). About a woman who will do anything to get that front row seat at the Paris Fashion Week. About limited edition designer bags, watches, clothes that’s hollower than a show called Dubai Bling which showed up on Netflix a while ago.

Rishi Sunak and his wife, Akshata Murty, has experienced a remarkable surge, exceeding 120 million pounds in growth over the past year, thus elevating their combined wealth to a substantial 651 million pounds, UK-based broadcasting network iTV reported. The latest annual Sunday Times Rich List revealed their wealth grew substantially despite the wider UK billionaire boom coming «to an end» in the face of tough economic conditions.

Delhi experienced scorching temperatures on Friday, with the mercury reaching a blistering 47.4 degrees Celsius in the Najafgarh area, according to the India Meteorological Department (IMD). This made Najafgarh the hottest place in the country. The extreme heatwave led to eight stations in Delhi surpassing the 45-degree mark, leaving residents struggling in the sweltering conditions. In response to the forecasted heatwave, an orange alert has been issued for the city, indicating the expectation of heatwave conditions in certain areas over the next two days.

monsoon rains will lead to better crop yields and boost rural demand. Motorcycle manufacturers, farm-equipment makers and producers of fast-moving consumer goods have rallied following forecasts of timely and above-normal monsoon rains in 2024, after extreme and unseasonal heat wreaked havoc on Indian agriculture in the last two years. Sales volumes in rural areas are improving and several major consumer goods firms have predicted stronger business ahead.

SEOUL: North Korean leader Kim Jong Un ordered accelerated production to strengthen the country's nuclear force more rapidly, on the same day he oversaw a test of tactical ballistic missiles with new guidance technology, state media KCNA said on Saturday. While visiting an arms factory on Friday, Kim made the production order to bolster nuclear war deterrence, KCNA said. This way, the enemy would be afraid of North Korea's nuclear combat posture, Kim added. North Korea fired a number of short-range ballistic missiles towards the sea off its east coast on Friday, South Korea's military had said. Kim expressed satisfaction at the successful test, KCNA said.

Nirmala Sitharaman called for a ramp-up in domestic manufacturing to make India self-reliant and boost the country’s participation in global value chains, dismissing suggestions that the government should focus only on services. The government would like to partner India Inc in the country’s development, she said at the Confederation of Indian Industry (CII) annual business summit in the Capital on Friday. “We see a very big role for private sector and would like to partner with them for (the) development (of India), with the government acting as a facilitator and enabler,” Sitharaman said. She exuded confidence that PM Narendra Modi would come back to power after the general elections with a substantial majority. Elections end on June 1 with counting on June 4. “Soon after government is formed, we look forward to a more pointed engagement with CII to see what best can be done in the July budget, which will be the full year's budget,” she said. “A lot of consultation can begin with CII team as well.”