Country Financial News

International Monetary Fund warned the Maldives against looming «debt distress» Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China.

Joint Military Exercise "Shakti" is set to commence on May 13 at the Joint Training Node in Umroi, Meghalaya.

Lawmakers in Turkey are reportedly set to submit a draft law on crypto regulation to the parliament this week.

«Now, the mindset has changed rampantly. Today, as the leading wood panel manufacturer in the country, we believe that the opportunity in front of us is tremendous and we are barely at the tip of the iceberg,» says Keshav Bhajanka, ED, Century Plyboards. When you started your journey in the business, how has the trend changed since then? How are you seeing in terms of the difference that has come in in the industry since then as well? I think that there has been a sea change in the industry from the point when I joined to now. I think that the scales have changed massively. And earlier when you talk about the wood panel industry, there was always this thought about limitation about how the industry is small, how the industry is unlikely to become to the scale of what it could be in other countries and so on so forth.

Srinagar, one of the three parliamentary seats of Kashmir, is among the 96 seats voting in the phase 4 of Lok Sabha elections across the country. In 2019 elections, the seat had recorded 14.43 per cent voter turnout. This Monday's figures at 11 am, have already crossed the 2019 turnut numbers in Srinagar.

Mint’s Plain Facts section brings out an update on key global economic data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This time, we explain how monetary policies have diverged around the world and why the debt situation has become a reminder of the Napoleonic Wars.

IIFL Securities Limited, a leading financial services house, today said that it has appointed Mr. Nemkumar H, Whole-Time Director on the Board, as the Managing Director with effect from May 15, 2024 for a period of 5 years. Mr.

CBSE 10th Result 2024 Live Updates: The Central Board of Secondary Education (CBSE) has announced the Class 10 board exam results today, i.e. May 13.

TEL AVIV—Every evening on TV news, Israelis get the latest on the Gaza war—cease-fire and hostage talks, Israeli military casualties, battlefield analysis and coverage of the Oct. 7 attacks by Islamist militant group Hamas that sparked the conflict. One thing that is almost always missing: the people of Gaza.

Cotton Association of India (CAI) on Saturday estimated cotton exports to rise about 27 per cent to 28 lakh bales during 2023-24 crop year ending September. In 2022-23 crop season (October-September), cotton exports were at 22 lakh bales, CAI said. One bale is equal to 170 kilogram.

Volodymyr Zelenskyy reported intense military activity in Ukraine, stating that the country is experiencing "fierce battles" and facing "extremely difficult" circumstances in certain regions. Despite these challenges, he emphasised the importance of resilience and the need to “hold its ground," ANI reported. In a public address, Zelenskyy expressed concerns about Russian psychological warfare, cautioning, "the occupier feeds on lies and the fear that follows the lies." He advised the public to remain sceptical of sensational news, stressing the importance of verifying information and maintaining emotional composure.

Australian court on Monday rejected a bid by the country's cyber safety regulator to extend a temporary order for Elon Musk-owned X to block videos of the stabbing of an Assyrian church bishop, which authorities had called a terrorist attack.

Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp fuel demand in the world's biggest economy. Brent crude futures slid 26 cents, or 0.3%, to $82.53 a barrel by 0025 GMT while U.S. West Texas Intermediate crude futures was at $78.03 a barrel, down 23 cents, or 0.3%.

Kuwait formed a new cabinet headed by Sheikh Ahmad Abdullah Al-Sabah, according to a royal decree issued Sunday.

Milei had been elected president of South America's second-largest nation in November, Elon Musk posted on the social platform X: «Prosperity is ahead for Argentina.»

Albert Park said, citing the successful experience of other developed economies. India should also commit to remain an open economy and review import tariffs that may be making inputs costlier for sectors where it has an advantage, Park said on the sidelines of ADB’s annual meeting in Tbilisi last week. Park said that if ADB were to do an economic diagnosis of the country, education would be among the priority areas where it should really improve the quality since becoming a middle-income country means moving up the technology ladder.

artificial intelligence (AI) adoption in key industries across India reached approximately 48% in FY2024, with expectations to expand by an additional 5-7% in FY25, data from staffing firm Teamlease Digital showed. “Nearly 75% of organisations across various sectors are actively considering integrating AI into their operations within the next year,” Krishna Vij, business head, Teamlease Digital, told ET.

Flipkart has begun active discussions to move its domicile back from Singapore to its country of origin, said people aware of the matter. The 17-year-old company is the country’s biggest consumer internet firm with a foreign domicile. The homecoming for India’s best-known technology startup, which is now valued at around $33 billion, could also potentially deliver a handsome tax gain for the Indian government. Flipkart Pvt Ltd is the holding company based in Singapore.

Apple has started FY25 with a bang in India — exports of iPhones made in the country nearly doubled in April to $1.1 billion (Rs 9,000 crore) from $580 million a year ago, according to official data reviewed by ET. April is typically a low-export month as there aren’t too many festive sales in any part of the world during the month, experts said. Based on this, they expect the US giant to achieve the Rs 1 lakh crore export mark in FY25 as India emerges as the firm’s second manufacturing base for iPhones outside China. iPhones are only made in India and China and experts estimate that 14-15% production has shifted to India and is likely to reach 26% by 2026. Apple exports a bulk of its total India production. In FY24, Apple’s total production in India touched $14 billion (Rs 1.2 lakh crore). The company’s exports crossed $10 billion (Rs 85,000 crore). Both these figures were the highest achieved by any company in India till date for a single financial year.

government is planning a unified portal to list all its digital public goods (DPGs) such as Aadhaar, Unified Payments Interface and Open Network for Digital Commerce in one place to provide easy access to all the apps and services, said people with knowledge of the matter. The electronics and information technology is likely to be tasked with creating the portal and coordinating with all the ministries and their respective departments and agencies to detail the digital public infrastructure (DPI) created by them, said a government official, who did not wish to be identified.

₹50,000 for false representation, added the report. ALSO READ: Jet Airways founder Naresh Goyal gets interim medical bail amid money laundering probe “The Petitioner has completed the course of MBBS and therefore, it would not be proper at this stage to withdraw the qualification obtained by the Petitioner moreso when the Petitioner has qualified as a Doctor.