Country Financial News
26.04 / 19:55
UPS
Discover
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War
country
Oil PSUs' output from overseas fields up a tad
India's state-run firms' output from overseas oil and gas fields marginally rose in 2023-24 after declining for four straight years. The output, however, remained a fifth below the peak of 2018-19 as producing fields matured and no new overseas assets were acquired in recent years. The share of India's state companies in oil and gas production from overseas fields increased to 19.9 million metric tonnes of oil equivalent (MMTOE) in 2023-24 from 19.5 MMTOE in the previous year. Production at Russia's Skahalin-1 project normalised during the financial year, after being badly affected in 2022 following the launch of the Russia-Ukraine war. ONGC Videsh, India's largest investor in overseas oil and gas fields, has a stake in Sakhalin-1, where production had nearly halted for some time following the exit of its operator Exxon, industry executives said.
26.04 / 19:53
Election
wellness
Trade
country
reports
politician
Pakistan warns Indian leaders against using its name for political gains during Lok Sabha Elections 2024: Alarming as..
Pakistan for political gain during elections, and rejected their claims made over Jammu and Kashmir. “Indian politicians to cease their reckless practice of dragging Pakistan into India’s populist public discourse for electoral motives," she said. “We are witnessing an alarming surge in provocative statements from Indian leaders asserting unwarranted claims on Jammu and Kashmir.
26.04 / 18:57
UPS
Enterprise
WhatsApp
country
cover
recommendations
Need dedicated commercial bank to ease credit flow to MSMEs: Industry body to govt
industry body representing micro, small and medium enterprises has pitched for a dedicated commercial bank to ease credit flow to the sector. It has also recommended introduction of a law to address the issue of delayed payments faced by such units. The Federation of Indian Micro and Small & Medium Enterprises (FISME), which represents about two million MSMEs in the country, has in a submission to the government also suggested setting up an equity guarantee fund trust to cover the risks related to equity financing for the sector.
26.04 / 15:41
CBDC
Digital
security
country
reports
Investigations
Architect of China’s CBDC Project Faces Probe for Alleged “Violations of Discipline and Law”
Yao Qian, the influential figure behind China’s central bank digital currency (CBDC) project, is currently under investigation for suspected “violations of discipline and law.”
26.04 / 15:17
Aviat
Refugees
country
rights
International
Pak government extends deadline for deportation of Afghans with registration cards till June 30: Official
Prime Minister Shehbaz Sharif on Friday extended the deadline till June 30th for the deportation of Afghan refugees residing in the country with Proof of Registration (PoR) cards, according to an official statement. The deportation of illegal Afghan refugees staying in Pakistan has been going on since the government gave an ultimatum to all refugee Afghan nationals to leave Pakistan by November 1 last year. The PoR is an identity card for Afghan refugees that entitles them to remain in Pakistan legally and is issued by the country's National Database and Registration Authority (NADRA). PoRs are issued to Afghan refugees after they get themselves registered with the United Nations High Commissioner for Refugees (UNHCR).
26.04 / 15:17
UPS
Digital
country
inclusion
Courts
Arvind Kejriwal's wife Sunita to spearhead AAP's LS campaign in Delhi and other states
Arvind Kejriwal's wife Sunita Kejriwal will spearhead AAP's Lok Sabha campaign in the national capital and other states, which begins with her maiden roadshow on Saturday in support of party's East Delhi candidate Kuldeep Kumar, senior party leader Atishi said. Addressing a press conference here, Delhi minister Atishi said Sunita will seek votes and blessings for the Aam Aadmi Party (AAP) in the absence of her husband who is in judicial custody. «In protest against the arrest of Arvind Kejriwal, his wife Sunita Kejriwal will campaign to seek blessings for him and to seek votes for AAP candidates. She will seek blessings for him from the people of Delhi, Punjab, Gujarat and Haryana,» Atishi said. «She will hold a roadshow in East Delhi tomorrow and will seek blessings from the people of East Delhi for Arvind Kejriwal. On April 28, she will hold a roadshow in the West Delhi Lok Sabha constituency,» Atishi added.
26.04 / 14:17
students
Universities
War
show
country
Schools
Colleges
As some universities negotiate with pro-Palestinian protesters, others quickly call the police
Columbia University who inspired pro-Palestinian demonstrations across the country dug in at their encampment for the 10th day Friday as administrators and police at campuses from California to Massachusetts wrestled with how to address protests that have seen scuffles with police and hundreds of arrests. Officials at Columbia and some other schools have been negotiating with student protesters who have rebuffed police and doubled down. Other schools have quickly turned to law enforcement to douse demonstrations before they can take hold.
26.04 / 13:37
FIVE
Progressive
DAL
country
"Munger suffered the most during the Jungle Raj under 'Laalten' rule": PM Modi in Bihar
Munger (Bihar) [India], April 26 (ANI): Hitting out at the Rashtriya Janata Dal in Bihar, Prime Minister Narendra Modi said on Friday that Muger has suffered the most during the «dark era» of "Jungle Raj" in Bihar under the RJD's rule. He added that the Congress and RJD want to «loot» the wealth of the people and give it to their «special vote bank.» Addressing a public meeting in Munger, Bihar, PM Modi said, «There is an NDA model on one side and there is an INDI Alliance model on the other. INDI alliance model is appeasement (tushtikaran) and NDA's model is satisfaction (santushtikaran). We have to ensure that no one is left behind. We gave toilets, gas, electricity connections, and water facilities to our mothers and sisters. We gave free ration and free medical treatment.»
26.04 / 13:25
UPS
Opinion
President
country
reports
Vietnam National Assembly head resigns amid graft purge
Vietnam's National Assembly has resigned, the ruling Communist Party said Friday, one of the most senior leaders to fall in a sweeping anti-corruption purge. Vuong Dinh Hue asked to step down because of «violations and shortcomings», the party said in a statement on its website.
26.04 / 13:25
UPS
Provident
FIVE
Election
country
peace
J&K: Border residents vote without fear of shelling; raise concern over unemployment
Pakistan shelling amid a ceasefire, people living near the International Border and Line of Control in Jammu thronged the polling stations across Jammu to decide the fate of 22 candidates contesting from the constituency in the second phase of Lok Sabha polls on Friday. According to Chief Electoral Officer (CEO), Jammu and Kashmir Pandurang K Pole, a total of 158 polling stations, out of 2,416, were set up in the border areas in Jammu and Samba districts besides the Kalakote-Sunderbani segment in Rajouri district. The Jammu parliamentary constituency recorded 67.22 per cent polling, while its border segments registered more than 70 per cent polling, till 5 pm. It is likely to maintain its history of high voter turnout as in the last parliamentary elections, the constituency registered about 74 per cent polling. Shelling from across the border has remained a major concern for the border residents and the administration alike but this time the elections are taking place in a peaceful atmosphere owing to a renewed ceasefire between the two countries on February 25, 2021.
26.04 / 10:33
26.04 / 10:21
Manufacturing
economy
Micron
President
Celebrity
country
Biden celebrates computer chip factories, pitching voters on American 'comeback'
President Joe Biden has arrived in New York state to celebrate a tech company’s plans to build a campus of computer chip factories made possible in part with government support
26.04 / 09:21
markets
COST
Manufacturing
Mobile
country
Features
Nokia maker HMD Global open to sourcing chips from India, says top executive
Mint that the country will be a production and export hub for both brands. HMD will start introducing its own brand of devices – smartphones, feature phones, tablets, wearables and hearables – in the coming quarters, while continuing to introduce Nokia smartphones and feature phones across markets, Kunwar added. “We’re looking at India as a sourcing hub and supply-chain hub.
26.04 / 09:15
Dreams
Election
country
electronic
Courts
politician
PM Modi reprimands INDIA bloc for "misleading citizens" on EVM VVPAT issue, says SC ruling shattered their dreams
Supreme Court rejected petitions seeking cross-verifications of votes cast using EVMs with VVPAT, Prime Minister Narendra Modi said the decision shattered dreams of the INDIA bloc that «sought to mislead the nation». «Ever politician in INDIA coalition sinned by trying to create doubts in the hearts of the nation's citizens,» PM Modi said at an election rally in Araria Lok Sabha constituency in Bihar.
26.04 / 07:39
Remark
Election
President
country
reports
rights
BJP ignores EC warning! JP Nadda echoes PM Modi's remark, says ‘Congress plots to transfer SC-ST rights to Muslims’
Prime Minister Narendra Modi's comments on Muslims, Nadda once again accused the Congress and INDI alliance of having a hidden agenda. Also Read: Lok Sabha Election 2024 Voting Live He alleged that they plan to take away the rights of lower-caste groups (SC, ST, and OBC) and give them to Muslims.
26.04 / 05:45
markets
COST
UPS
Manufacturing
Experts
show
country
Do Canadians have an appetite for electric vehicles? Experts are divided
By 2028, a Honda manufacturing plant in Alliston, Ont., should be ready to pump out 240,000 electric vehicles (EVs) every single year.
26.04 / 04:27
FIVE
Manufacturing
security
Tesla
Election
country
rights
‘A damn hard thing to do’: Tesla co-founder JB Straubel takes on battery recycling
Tesla Inc. co-founder JB Straubel wasn’t content with simply reinventing the automobile for the 21st century. He left in 2019 feeling he needed to redesign the global supply chain for the electrified future, too. That’s exactly what he’s been doing for the last five years. The company he built, Redwood Materials, is now the largest battery recycler in North America, and it’s using those recycled materials to manufacture complex battery components that have traditionally been imported from abroad, largely from China. Straubel recently opened the doors for a first peek at the 300-acre industrial campus he’s built in the western Nevada desert. He said it hasn’t been easy.
26.04 / 04:13
Progressive
country
rowing
Inheritance tax row: ‘Will go back to era when Congress imposed...,' warns Nirmala Sitharaman
inheritance tax is implemented and the country will go back to the era when Congress imposed a 90% tax. The senior BJP leader stated that the inheritance tax directly hits the middle and aspirational classes as their hard work is saved in small savings from which they buy a house.
26.04 / 04:13
Target
Remark
Election
country
reports
Courts
Imran Khan, wife Bushra Bibi barred from making remarks against Pakistan, Army
Imran Khan and his wife, Bushra Bibi, from making public statements that criticize or defame state institutions and officials. According to a report by The Express Tribune, Judge Basir Javed Rana ordered the Pakistan Tehreek-e-Insaf (PTI) founder and his spouse from speaking against state institutions in the courtroom during the hearing of a petition seeking a fair trial.
26.04 / 04:13
markets
Digital
security
TikTok
Bill
Experts
country
TikTok ban in US: Why did India ban Chinese app and how is it different from American ban? Explained
Joe Biden inked a legislation to ban or force a sale of Chinese app TikTok. While passing the bill, the US Congress members said the app presents a national security threat as long as it is controlled by or connected to ByteDance. However, TikTok has strongly denied the allegations saying it has never share US user data with Beijing and it will never do so.
26.04 / 04:11
Provident
Google
country
voice
social
Videos
Does Zerodha founder support inheritance tax? India's youngest billionaire's old video goes viral
Sam Pitroda sparked discussions on social media and generated increased interest in the concept of inheritance tax, both on social media and in Google searches. Unlike some countries like South Korea, America, and the UK, India currently does not have a system of inheritance tax in place, having abolished the Inheritance or Estate Tax back in 1985. Amid the controversy surrounding inheritance tax, an old video of Zerodha founder Nikhil Kamath, who is also India's youngest billionaire, has also gained traction on social media. In the video, Kamath voiced his support for the implementation of an inheritance tax in India, arguing that it could serve as a means of redistributing wealth across generations. He pointed out that in a country where only a small percentage of the population pays income tax, such a tax could broaden the tax base, providing the government with additional resources for reforms and infrastructure development. “When wealth transfers from one generation to another, there has to be a filter so that a part of it can be redistributed. There is plenty of precedence to inheritance tax," Kamath said.
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