Country Financial News

Indian Grandmaster D Gukesh was swamped by fans as he returned to the country here on Thursday after becoming the youngest challenger to the world title by winning the Candidates Chess Tournament in Toronto. Hundreds of students from the Velammal Vidyalaya, the school where Gukesh studies, lined up at the airport at least one hour before his flight landed to greet their 17-year-old fellow student. A sizeable general crowd also built up as his arrival time drew closer and the area around the arrival gate was jam-packed in no time. The youngster walked out at around 3am and he was immediately flanked by the jubilant mass. In no time, he had garlands around his neck even as the police jostled to escort him out safely.

Modi takes a swipe at Sonia Gandhi amid LS polls rally: ‘Those who can’t win...’ On September 19, 2008, the Delhi Police carried out an operation in the national capital to arrest Indian Mujahideen terrorists hiding in which Delhi Police Inspector Mohan Chandra Sharma and two Indian Mujahideen terrorists Atif and Sajid were killed. The BJP president said that the Congress and its allies always stand in support of those who are anti-national and "weaken" the country. "They (Congress) stand with those and sympathise with those who weaken the country.

Arizona fake elector scheme to re-elect then-U.S. President Donald Trump in 2020, the state's attorney general said on Wednesday. The court papers list a «former U.S. president,» Trump, as an unindicted co-conspirator.

Russian funds tap into the stranded rupee balance generated in the trade between the two countries? In the course of negotiations, some of the Russian financial institutions have sounded out the Reserve Bank of India (RBI) on a mechanism that would let them use the rupees lying in special accounts in India for investment in stocks and securities here. Till now, 10 institutions from Russia, including its biggest lender, have registered as foreign portfolio investors (FPIs) with Sebi. But they have made little investments — probably, due to the hurdles in cross-border payments caused by US sanctions in the wake of Russia’s war with Ukraine. If, however, RBI permits the flow of rupees from the trade balance pool to the rupee accounts of Russian FPIs, the latter can invest the amount in securities listed on Indian exchanges. Under the framework suggested, the FPIs could match a transfer of rupees from the pool by paying the equivalent in roubles to Russian companies that have exported to India but are reluctant to accept payments in rupees.

The big U.S. aid package for Ukraine and other allies that President Joe Biden signed Wednesday also allows the administration to seize Russian state assets located in the U.S. and use them for the benefit of Kyiv

Iran was now able to share its knowledge with others, currently having projects in 20 countries. The Uma Oya project, in the central Badulla district, was constructed with Iranian technical assistance.

A company started by a Texas billionaire oilman has announced a deal with Venezuela’s state-owned oil company to rehabilitate five aging oil fields

Singapore and Hong Kong. ETO is a pesticide classified as a carcinogen. The move follows a ban imposed by the two countries on certain spices exported by Indian brands MDH and Everest. Singapore and Hong Kong have alleged the presence of ETO in certain spices exported by the two companies. The government also said spice consignments to other countries will also be strictly monitored for the presence of ETO.

NRIs) are contributing nearly a fourth to the total residential sales at large developers, up from 7-10% before the pandemic, as top cities continue to see price appreciation and rising demand. According to developers and brokerage firms, the US, Singapore, the UAE, Australia and Saudi Arabia have emerged as big markets for them and they have dedicated teams to help buyers in selecting the projects. According to market sources, the country's biggest developer DLF in its last project Privana South in Gurugram, had achieved 25% share (about ₹1,800 crore) in NRI sales.

Mamata Banerjee on Wednesday asked why the Lok Sabha polls are being conducted in seven phases amid severe heatwave across the country and alleged that the schedule for the elections was designed to «satisfy the BJP». Addressing a rally for Trinamool's Bolpur candidate Asit Mal, she claimed: «Earlier, the poll process used to be over by May 2 or 3, but this year they have stretched it for three months, amid severe weather conditions.» «Election Commission has planned polls for three months to satisfy BJP,» she said, adding her motto was «to defeat BJP». She said she was facing difficult time traveling in chopper due to extreme heat but has no other option.

Supreme Court on Wednesday made it clear that EVM source codes «should never be disclosed» as the same can be misused. A bench comprising justices Sanjiv Khanna and Dipankar Datta made the verbal observation during the resumed hearing of a batch of pleas seeking directions to tally voter-verifiable paper audit trail (VVPAT) slips with votes cast through EVMs during elections. Justice Datta questioned the counsel for one of the petitioners as to whether SC can issue directions regarding electronic voting machines (EVMs) «merely on the basis of suspicion» of hacking and manipulating though there is no concrete proof to prove the same. The petitioner raised doubts about whether EVMs are hack proof. The bench assembled on Wednesday to seek a slew of clarifications from the Election Commission of India on the technical functioning of EVMs, flash memory, VVPATs etc.

Iranian President Ebrahim Raisi says his country has proven the West doesn’t have a monopoly on technology while inaugurating a hydropower and irrigation project in Sri Lanka

The Port of Baltimore is preparing to open a deeper channel for commercial ships to get in and out for a few days

The head of Mexico's detective service has acknowledged the country is “the champion” of fentanyl production, which appears to run counter to past statements by President Andrés Manuel López Obrador

The hugely popular Chinese app TikTok may be forced out of the U.S., where a measure to outlaw the video-sharing app has won congressional approval and is on its way to President Biden for his signature

Germany’s Cabinet has approved a 4.57% rise in retirees’ pensionsfrom this summer, an increase that is well above the current inflation rate

warming planet, cooling is no longer a luxury. It's a necessity. Intense heatwave conditions in many parts of the country, coupled with growing affluence, are driving up AC sales.

56 candidates achieved the perfect 100 NTA score in the engineering entrance exam JEE-Main, maximum from Telangana, says National Testing Agency.

WTO's 164 members, 125 have agreed on the text of the Investment Facilitation for Development Agreement (IFDA). They are convinced it will help them to attract more FDI for growth, and want to annex it to WTO's main rules. 89 of these 125 members are developing countries, 27 LDCs. IFDA focuses on increasing transparency and reducing bureaucracy to make the investment process easier, but contains no prescriptions on investment policy, market access, investment protection and investor-state dispute settlement. Among other things, IFDA addresses:

BRUSSELS—The European Union is ramping up economic pressure on Beijing with two new probes into allegations of unfair Chinese business practices, days ahead of Chinese President Xi Jinping’s planned visits to Paris and Budapest. The European Commission, the bloc’s executive body, is voicing growing concern over Chinese subsidies and other economic policies that it says harm European businesses.

₹17,500 crore, supported by strong demand and a robust launch pipeline, said a top company executive. In FY24, the Mumbai-based developer recorded ₹14,520 crore in pre-sales, its highest-ever in a year. Macrotech is the one of the top four bestselling developers in the country, along with DLF Ltd, Prestige Group and Godrej Properties Ltd.