Country Financial News
15.05 / 12:11
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Dubai police honours Indian boy for returning tourist’s lost watch, urges people to take inspiration from his honesty
integrity, a young Indian boy in Dubai has been commended by the city’s police force for his commendable action. Muhammad Ayan Younis, accompanied by his father, stumbled upon a lost watch during a stroll and promptly returned it, earning accolades from the Dubai Tourist Police Department for his honesty and discernment. The Dubai Police Department took to social media platform X to spotlight this exemplary act, affirming, “Dubai Police Honours Child for Honesty After Returning Tourist's Lost Watch.” A snapshot shared alongside the announcement captures Brigadier Khalfan Obeid Al Jallaf, Director of the Tourist Police Department, along with his deputy, Lieutenant Colonel Muhammad Abdul Rahman, and Captain Shahab Al Saadi, Head of the Tourist Happiness Section, presenting young Muhammad Ayan Younis with a certificate of commendation. Additionally, a blog link detailing the incident was included in the post.
15.05 / 12:11
markets
Provident
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travelers
International
boating
China to allow visa-free entry for foreign tour groups arriving by cruise ships
China will allow visa-free entry for foreign tour groups that come to the country via cruise ships in a further bid to attract international visitors and boost its sluggish inbound travel market. Overseas tour groups on cruise boats will be able to enter and stay in China without a visa for up to 15 days, according to the National Immigration Administration. The new policy will be effective from May 15. Tour groups can enter China from 13 ports including Shanghai, Qingdao, Dalian and Haikou, Mao Xu, a senior official with the immigration administration, said at a press conference in Beijing on Wednesday. Qualifying tour groups need to be received and handled by domestic travel agencies and will be allowed to travel to coastal provinces as well as the capital, Beijing, while they are in China, Mao said.
15.05 / 12:11
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Citi
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Why Bengaluru is Nikhil Kamath's favourite city? Zerodha co-founder says Mumbai has 'good-looking people but...'
Nikhil Kamath, the billionaire entrepreneur and co-founder of Zerodha, recently shared his admiration for Bengaluru, the country's startup capital, during his podcast on YouTube. Despite acknowledging challenges like traffic and road conditions, Kamath highlighted why Bengaluru stands out for him. He emphasized that Bengaluru's real treasure lies in its people, despite the hurdles like congested roads and traffic. .Kamath stated, «The big, big differentiator at the end of the day — forget all the roads, the traffic… those things don't matter — the people of Bengaluru are second to none… the love they have for the city, how nice they are as people.» Delving into what makes each city renowned, Kamath mentioned Hyderabad's biryani, Mumbai's «good-looking people» and fast-paced culture, and Delhi's affluent population. However, he reserved special praise for Bengaluru, describing it as a city famous for its kind-hearted residents. He also noted that people in Bengaluru are welcoming, down-to-earth, and subtle.
15.05 / 09:07
Citizens
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Healthcare
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How can global health insurance improve your travel experience?
Also Read: Benefits of Critical Illness Plans: A Must-Have in Health Insurance The surge in medical tourism from India to other countries can be attributed to several factors. Firstly, the increasing affluence index in India has empowered individuals to think big when it comes to their healthcare. As people strive for healthcare treatment equivalent to their lifestyle, the ability to pursue medical care abroad becomes an aspiration.
15.05 / 08:53
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Lok Sabha Election 2024: ‘People are ready to bid farewell to PM Modi’, says Mallikarjun Kharge
Lok Sabha elections 2024, while exuding confidence that the opposition bloc INDIA will form the new government on June 4. He also emphasized that the elections are important to safeguard the Indian Constitution and questioned why Prime Minister Modi has not taken action against individuals advocating for changes to the Constitution. Addressing a joint press conference with Samajwadi Party chief Akhilesh Yadav here, Kharge said, “Four rounds of polling have been completed in the country.
15.05 / 07:53
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Could 10-year mortgage terms help ease ‘payment shock’ for Canadians? What to know
Many Canadian homeowners have felt the pain of higher interest rates when it’s come time to renew their mortgage, but a new report from Desjardins says if 10-year terms were more prevalent and attractive, it could have helped lessen the “payment shock.”
15.05 / 04:03
Remark
Election
wellness
Trade
country
peace
Pak-American businessman calls PM Modi 'natural-born' leader: ‘Hope Pakistan gets a leader like him'
Narendra Modi, calling him a strong leader who has taken India to new heights. He expressed confidence that Modi would return as the country's PM for a third term in the 2024 Lok Sabha elections, hoping that Pakistan also gets a leader like him. Tarar relocated to the US in the 1990s and maintains close ties with the ruling Pakistani establishment.
15.05 / 04:03
Aviat
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strain
‘Always operated on agreed procedures,’ says India High Commission on Maldives allegation of unauthorised military move
India-Maldives Relations: India has dismissed claims made by Maldivian Defence Minister Ghassan Maumoon, who alleged that Indian military helicopter pilots in the Maldives conducted an unauthorised operation in 2019. In a post on the social media site X (formerly known as Twitter), the High Commission of India in the Maldives issued a statement asserting that Indian aviation platforms in the Maldives have always operated according to “agreed procedures and with due authorisation." “Indian aviation platforms in the Maldives have always operated as per agreed procedures and with due authorization from MNDF.
15.05 / 02:59
Provident
security
Myanmar
Trade
country
reports
Myanmar in talks with Russia to build deepsea port & oil refinery upsetting Chinese
Myanmar ruling junta’s decision to opt for Russia for building a Dawei deep seaport on the country’s east coast has riled China which was also eyeing to construct the port located close to the Thailand border. The Myanmar junta is keen for Russians to invest in the port project along with a special economic zone including an oil refinery, ET has learnt.
15.05 / 02:59
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evacuation
Oil prices up on wildfires in Canada, US inventories drawdown expectations
Oil prices rose in early trade on Wednesday as large wildfires were threatening Canada's oil sands and as the market expected U.S. crude oil and gasoline inventories to show a drawdown later in the day. Brent crude futures were up 34 cents, or 0.4% at $82.71 a barrel. U.S. West Texas Intermediate crude futures (WTI) rose 38 cents, or 0.5%, to $78.39 a barrel by 0016 GMT.
15.05 / 02:59
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"Don't think people should take a narrow view of it": Jaishankar on US' sanction warning after Chabahar Port deal
sanctions" after India inked a 10-year agreement for running the Chabahar Port in Iran, External Affairs Minister S Jaishankar emphasised that the project will benefit the entire region and people should not take a «narrow view» of it. He also pointed out that the US itself had appreciated the larger relevance of Chabahar in the past. The EAM was speaking at an interaction after the launch of the Bangla edition of his book 'Why Bharat Matters' in Kolkata on Wednesday.
15.05 / 01:35
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Mint Explainer: Why Iran’s Chabahar Port is vital to India's interests
Mint takes a closer look at what it means for India. India and Iran signed a long-term contract for the development of Chabahar Port during shipping minister Sarbananda Sonowal’s visit to Iran. Signed by Indian Ports Global Limited (IPGL) and the Port & Maritime Organisation of Iran, the agreement allows the Shahid Beheshti terminal at Chabahar Port to operate for 10 years.
15.05 / 01:35
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International
Why Vietnamese steel makes Indian industry uneasy
ArcelorMittal Nippon Steel (AM/NS) India, a prominent steel manufacturer with an integrated steel plant at Hazira in Gujarat. “The apprehension is that other mills from FTA countries and China may also get a renewal of their licences for exporting to India," analysts at market intelligence & consulting firm BigMint said, adding that this was a worrisome factor for Indian mills. AM/NS’s Dhar added that with India now available as an option, Vietnamese steelmakers will see the country as a lucrative avenue to dump excess production.
15.05 / 01:35
Aware
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Did US take U-turn on exemptions related to India-Iran Chabahar port deal? Can sanctions be imposed? All you should know
will give a boost to regional connectivity and India's linkages with Afghanistan, Central Asia and Eurasia," the Ministry of External Affairs said on May 13. According to Iran's Ministry of Roads and Urban Development, the deal will give India 10-year access to use the port, located close to Iran's southeastern border with Pakistan.
14.05 / 19:29
markets
Provident
CEO
economy
Flushing
trends
country
Brookfield, Qatar fund look for Chinese opportunities as others back out
Brookfield Asset Management Ltd. and Qatar’s sovereign wealth fund continue to explore investment opportunities in China even as some other investors pull back from the world’s second-largest economy.
14.05 / 19:21
markets
FIVE
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Remark
Research
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country
Derma products market seeing strong growth
skincare has led to increasing demand for derma products in the country. According to market research firm Pharmarack, the derma market is witnessing a notable uptick in both value and unit consumption. «Segments such as face serums, emollients, protectives, and sunscreens have experienced steady growth over time, reflecting evolving consumer preferences towards skincare regimens,» said Sheetal Sapale, VP-commercial, Pharmarack.
14.05 / 19:21
markets
Enterprise
WhatsApp
country
beautiful
reports
International
Colorbar looks to go public in three years
Modi Enterprises plans to take cosmetics firm Colorbar public within three years, betting on robust prospects of the Indian beauty and personal care market. Speaking to ET, managing director Samir K Modi said Colorbar will touch Rs 1,000-crore revenue next fiscal and expand in international markets. The company currently owns and operates Colorbar, 24Seven, and Modicare brands.
14.05 / 19:21
UPS
Booking
Manufacturing
CEO
Airlines
Boeing
country
Aerospace manufacturers seek business class upgrade on local plane orders
Indian airlines to get more business from global firms such as Airbus and Boeing. And they also want a helping hand from the government through a policy push. «We have to be in line with what our procurement of aircraft is. If India has a 10% share of the order book, it should also have a 10% procurement share — it's a fair ask,» said Aravind Melligeri, chairman of components maker Aequs Aerospace, which is one of the top suppliers to Airbus. IndiGo, Air India and Akasa currently have an order book of close to 1,700 aircraft from Airbus and Boeing, aviation consultancy firm CAPA said. That will increase to as much as 2,000 by March 2025.
14.05 / 18:57
Digital
country
information
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Department
Videos
Investigations
MHA warns against cybercriminals posing as police officials
cyber criminals posing as police or other law enforcement agencies. The ministry said this is an organised online economic crime operated by cross-border crime syndicates. Across the country, several victims have lost large amounts of money to such criminals, it said. «A large number of complaints are being reported on National Cyber Crime Reporting Portal (NCRP) regarding intimidation, blackmail, extortion and 'digital arrests' by cyber criminals posing as police authorities, Central Bureau of Investigation (CBI), Narcotics Department, Reserve Bank of India (RBI), Enforcement Directorate and other law enforcement agencies,» the MHA pointed out in its statement. Elaborating on the modus operandi of these fraudsters, the ministry claimed that they typically call a potential victim and inform that he or she has sent or is the intended recipient of a parcel, which contains illegal goods, drugs, fake passports, or any other contraband item. Sometimes, they also inform that a near or dear one of the victims has been found to be involved in a crime or an accident and is in their custody. The fraudsters will then demand money to compromise the 'case', the ministry elaborated.
14.05 / 17:47
UPS
Action
Analysis
Food
Trade
country
Anglo American plans to break up its sprawling business as it tries to fend off takeover
Mining giant Anglo American plc plans to break up its sprawling worldwide business — including the DeBeers diamond operation — as it seeks to fend off a takeover and focus on minerals that are expected to boom amid the global shift to green energy
14.05 / 17:47
COST
Provident
Manufacturing
CEO
wellness
country
International
Europe's Stellantis and China's Leapmotor will sell electric cars in Europe from September
European carmaker Stellantis says it will begin selling electric vehicles from its Chinese partner Leapmotor in nine European countries later this year
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