Country Financial News

Electric vehicles (EVs) are acquiring thrust as an environment-friendly transportation solution in India, directed by ecological concerns and technological progressions. Nonetheless, the extensive acceptance of EVs is subject to the expansion of a strong charging infrastructure throughout the nation.

Congress on Thursday challenged Prime Minister Narendra Modi to use his investigating agencies like the CBI and the ED to probe the charges he has levelled against businessmen Ambani and Adani that they were distributing sacks full of black money in tempos. Congress spokesperson Supriya Shrinate claimed that the prime minister was never seen so weak and desperate that he ended up making great revelations about corruption in the country and exposing his own friends. She was referring to the charge on Wednesday made by prime minister who, for the first time during Lok Sabha poll campaign, accused the Congress of having a «deal» with «Ambani and Adani», and asked if the party has received «tempo loads of black money» from the two industrialists for its leader Rahul Gandhi to stop «abusing» them. Shrinate pointed out that Rahul Gandhi has been saying the same thing for the last 10 years that the big businessmen possessed black money but the prime minister was not taking action against them.

cabin crew of Air India Express ended the strike on Thursday after the management of the airline agreed to take back the 25 crew who have been terminated. The management has also assured that issues raised by their union will be looked into. The decisions were taken in a conciliation meeting held by the Chief Labour Commissioner of Delhi. The members of the cabin crew union who attended the meeting has promised that the crew will report for work immediately.

Sweden is hosting Eurovision for the seventh time this year after singer Loreen won the contest last year for her song 'Tattoo'. Swedish comedian and 2016 presenter Petra Mede has also returned alongside Hollywood actress Malin Akerman. An estimated 160 million viewers watch the contest on television sets and 37 acts representing countries will take place this year. The competition kicked off on May 7 and it will be followed by events on May 9 and May 11, reports the 'New York Times'.

fashion brands is a matter of concern as they contribute 50% of the business of Nexus Select Trust which operates 17 malls across the country with over 10 million sq ft of space, Dalip Sehgal, Executive Director and Chief Executive Officer told ET. Blackstone backed India’s first publicly listed retail Real Estate Investment Trust (REIT) is looking to invest Rs 1,000 crore in acquiring three malls in Hyderabad to take the total portfolio to 20 malls and 11 million sq ft. “The way fashion brands are doing is a matter of concern for us but other category such as electronics and beauty are growing by 18-20% and helped us in achieving the target. In fashion segment also, some of the D2C brands are doing really well so the existing brands need to reinvent and I believe the second half of the year will be better,” said Sehgal.

ANI, said that the governments of Maldives and India understand what has happened and they have passed that stage now. Also Read: Maldives Foreign Minister Moosa Zameer gets brutally trolled over India visit, ‘Where's your apology?’ "We have said that it's not the stand of the government or we believe that it shouldn't have been done. We are taking proper action to make sure that this doesn’t get repeated.

Chirag Paswan had gotten a major blow as 22 leaders of Lok Janshakti Party (LJP) tendered their resignations. The aggrieved leaders said they resigned because they did not get tickets for the Lok Sabha polls. Some of the notable names who resigned from Paswan's LJP are Renu Kushwaha, former MLA and national general secretary of LJP, Satish Kumar, state organization minister Ravindra Singh, Ajay Kushwaha, Sanjay Singh, and State General Secretary Rajesh Dangi.

Maldivian Foreign Minister Moosa Zameer, who is on his first official visit to India, has distanced his government from the derogatory remarks made by some of its ministers against Prime Minister Narendra Modi and said that it was not the stand of the government and that «proper action» has been taken to ensure that it is not repeated. In an interview with ANI, Maldivian Foreign Minister Zameer reiterated the government's stance, stating, «I think if you have seen, like you said, we have said that it's not the stand of the government or it's not the view of the government. And we believe it shouldn't have been done. And then we are taking proper action to make sure that this don't repeat.» «And I think if you have seen, there has been a misunderstanding, social media mainly, but the governments of the Maldives in India, we understand what has happened and we have passed that stage now,» he added.

To all the Barricades… The Rumour Got You at the Finnish pavilion in the Giardini, which is being presented as an assorted composition of three distinct works. The primary work is a large ballpoint pen drawing on silk across multiple panels, showing people queued up—symbolising the time spent waiting in a bureaucracy and trickle-down economy. It is accompanied by a series of sculptures, which imitate trash found on urban pavements, and a third plane consisting of cross-stitched textile forms replicating stains.

did not say anything about Sonia Gandhi, she came from Italy...This is the mindset of the Congress..." It is important to note that Congress leader Sam Pitroda, in an interview with 'The Statesman', while reflecting upon the democracy in India said, “We have survived 75 years in a very happy environment where people could live together, leaving aside few fights here and there. We could hold a country together as diverse as India, where people on east look like Chinese, people on West look like Arab, people on North look like white and maybe people on South look like Africans." Earlier on Wednesday, Prime Minister Narendra Modi criticised the grand old party and asked the Dravida Munnetra Kazhagam (DMK), the key ally of Congress, if it would snap ties with the party.

India is considering offering incentives to encourage private companies to set up lithium processing facilities, as New Delhi tries to develop its nascent lithium mining and boost supplies of the EV battery metal, three government sources said. It would offer incentives to companies to set up lithium processing plants under a new critical minerals policy that was being worked out by the mines ministry, the sources said. «The critical minerals policy will be comprehensive and will cover all aspects from exploration to mining to value addition,» one of the sources said. «It will also cover incentives for beneficiation and refining within the country,» the source said. The sources, however, said it was a little early to know the exact form of incentives the government would offer, but New Delhi would try to take a cue from countries such as Australia and Canada. Responding to Reuters queries, the Ministry of Mines said the government was taking various steps to ensure the availability of critical minerals for the downstream industry. It did not elaborate.

India's startup ecosystem is flourishing, positioning itself as one of the most vibrant and attractive markets for investors. This surge highlights the country's entrepreneurial spirit, innovative capabilities, and steadfast resolve. Indian startups encompass a wide range of sectors such as technology, healthcare, and green energy, showcasing the nation's adaptability to global trends and its ability to establish a distinctive place in the world of entrepreneurship.

financing may add as much as 1 percentage point to the borrowing costs of renewables projects, according to a top consultancy firm, potentially causing a hike in wind and solar power prices in the country. Lenders will be needed to set aside as much as 5% of the capital they lend to infrastructure projects under construction, a draft by the Reserve Bank of India stipulates. That compares with the current norm of just 0.4% provisioning for standard assets. The allocation can come down to as low as 1% as the project matures and starts generating cash for repayment of the loan. Also Read: RBI's latest norms may derail Modi govt's flagship economy driver

relief to the Indians, India Meteorological Department (IMD) has predicted that the heatwave is about to end from the country except for West Rajasthan and Kerala. «Heatwave is about to end from the entire country. Only in West Rajasthan & Kerala heatwave alert has been issued,» said IMD scientist Soma Sen. Why has IMD predicted the end of heatwaves:

Uber has more than 1 million drivers in India, chief executive Dara Khosrowshahi said during the ride-hailing platform’s March-quarter earnings call. India is the third country behind the US and Brazil to reach the 1-million-driver mark.

Sri Lanka will hold presidential election between September 17 and October 16, the country's top electoral body announced on Thursday. In a notice signed by its chairman R M A L Ratnayake, the Election Commission said it will call for nominations to hold the Presidential election within the specified timeframe in terms of the provisions of the Constitution, according to local media reports. It said that the presidential election will be held on a day between September 17 and October 16.

Sony Entertainment Talent Ventures India (SETVI) has backed the World Pickleball League, a global professional pickleball league launched by Natekar Sports and Gaming (NSG), owned by former Indian tennis player Gaurav Natekar. NSG plans to invest over $10 million over the next 3–5 years in the global professional pickleball league. SETVI is a joint venture between Sony Music Entertainment and Sony Pictures Entertainment. The inaugural global pickleball league will consist of six franchises, each featuring 6–8 players, comprising a mix of leading international players from all over the world and Indian talent.

Akshaya Tritiya holds significant religious importance for Hindus. It is considered one of the most auspicious days. It is considered sacred for new beginnings, and buying new things is a key ritual. Akshaya Tritiya is also known as Akha Teej because it falls on the Tritiya Tithi of Shukla Paksha. This festival will be celebrated with grandeur across the country on May 10, 2024. There are many items that you can purchase on this special day. Here, we will highlight 5 things that can make your day extraordinary. Gold: Buying gold on the day of Akshaya Tritiya is considered one of the best things, as gold is a symbol of prosperity and good fortune. People who buy gold on this particular day are blessed with good fortune and prosperity in life. After purchasing gold, it is important to perform a puja and offer the gold coin or jewelry to Goddess Laxmi and Lord Kuber.

Mint has reviewed a copy of the same. AAI, which operates and manages around 133 airports in the country, is expected to provide 2-5 day visits, workshops and a 4-20 week duration internship in various functioning areas of the operator.

ANI, the Kerala Governor added, "I have come here before also but now I will get a chance to have a formal darshan. It feels great to be here and it gives me immense peace.

Adani Enterprises Limited (AEL). According to a January note by American brokerage firm Cantor Fitzgerald, AEL "is at the core of everything India wants to accomplish." The company functions as an incubator for Adani's businesses. Many have been spun out and become leading players in their respective sectors.