Country Financial News

steering committee for both International Monetary Fund and the World Bank on Saturday emphasized the need for broader accountability as the institutions implemented reforms to help countries grapple with climate change and other shocks. «We must hold ourselves accountable more broadly as we become a better and bigger bank,» said Mohammed bin Hadi Al Husseini, the United Arab Emirates' minister of state for finance, who heads the joint Development Committee this year.

Bernstein Societe General Group's latest India Strategy report provides insights into the country's political and economic scenarios. While the first phase of polling has been completed, the report indicates a prevailing optimism regarding the incumbent government's performance. However, it also highlights the challenges that lie ahead in achieving these expectations. Pre-election Euphoria and Market Trends The report notes that India experienced record-high valuations, particularly in the small and mid-cap sectors, at the beginning of the year. Despite some stabilization during the months of January, February, and March, there has been a recent resurgence, with small caps rising by 4% and mid-caps by 2% this month.

Pakistan has made a formal request to IMF for seeking the next bailout package in the range of USD 6 to USD 8 billion with the possibility of augmentation through climate financing, a media report said on Saturday. Cash-strapped Pakistan also requested to dispatch the International Monetary Fund (IMF) review mission next month to firm up details of the next bailout package for three years under the Extended Fund Facility (EFF). However, the exact size and timeframe of the new package will only be determined after evolving consensus on the major contours of the next programme in May 2024, Geo News reported from Washington.

helicopters crashed overnight at sea, officials said on April 21. A spokesperson for Japan's Self-Defense Force (SDF) confirmed the incident to AFP, adding that one person has been rescued. Giving details, Japan's Defence Minister Minoru Kihara told reporters that rescuers located what they believe to be parts of the aircraft in the sea.

According to the data with the depositories, Foreign Portfolio Investors (FPIs) made a net outflow of Rs 5,254 crore in Indian equities this month (till April 19).

Saudi Arabia. In Arabic, AlUla means “glory,” and the kingdom ­envisions a lot for this historical region, which is the size of New Jersey. It will become one of the world’s great tourist attractions—in the words of Melanie de Souza, AlUla’s top marketing official, a destination for “luxe seekers, wanderlust nomads, intrepid voyagers and silver foxes.” Along with developing resorts, shops, restaurants and a contemporary art museum with Paris’ Centre Pompidou, the Royal Commission for AlUla is overseeing tourist-friendly archaeological excavations of colossal tombs that date to the first century B.C.

UltraTech Cement will be investing more than ₹800 crore on strengthening its presence in Maharashtra, with the buyout of a unit and adding capacity through brownfield expansions. The country's largest producer of cement will be buying a 1.1 million tonne grinding unit at Parli in Maharashtra from The India Cements for ₹315 crore. «This purchase will help the company to strengthen its presence in the rapidly growing Maharashtra markets,» the company said.

Employees at a Volkswagen factory in Chattanooga, Tennessee, have voted overwhelmingly in favor of joining the United Auto Workers union, boosting the UAW's nationwide effort to organize nonunion factories

WZ-7 Soaring Dragon drone of the Chinese People's Liberation Army was spotted flying in close proximity to the Philippines, ahead of preparations by the Southeast Asian country to receive the delivery of Indian BrahMos supersonic cruise missiles, The Eurasian Times reported. According to the report, the distinctive joined-wing shape of the WZ-7 drone caught the attention of Raffy Tima, a correspondent for Philippine news organisation GMA News, as it traversed the skies over the West Philippine Sea, an area within the South China Sea to the northwest of the Philippines. The timing of this sighting is significant amid escalating tensions between China and the Philippines over territorial disputes, notably the Second Thomas Shoal and Scarborough Shoal, in the South China Sea, the report noted. The acquisition of the BrahMos missiles from India is perceived as a strategic move by the Philippines to enhance its defensive capabilities to counter China's assertiveness in the region.

Amit Shah said on Thursday that on one side there is Rahul and Priyanka Gandhi who take vacation abroad every three months and on the other side, is Narendra Modi who does not take leave even on Diwali. Addressing a public meeting here today, Amit Shah exuded confidence in winning all the 25 seats in Rajasthan. «Rajasthan is going to give all 25 seats to Modi ji for the third time by doing a hat-trick. This election is clearly divided into two camps. On one side there is Congress which committed Rs 12 lakh crore scam and on the other side there is Narendra Modi, on whom nobody can put allegations of even 25 paisa. On one side there is Rahul baba and his sister who take vacation abroad every three months and on the other side there is Narendra Modi who does not take leave even on Diwali,» he said.

Narendra Modi on Saturday said big and powerful people in India and abroad have joined hands to remove him from power. Addressing a mega public meeting here, he said, «Mothers and sisters have come in a large number here. Your struggle and the challenges you face to nurture your family, Modi has seen this in his house. These days big and powerful people in the country and abroad have united to remove Modi.» «But, because of Nari Shakti and Maatru Shakti's blessings and Suraksha kavach (safety armour), Modi is able to move on fighting challenges.» «Serving mothers, sisters and daughters and protecting them is Modi's priority,» he said, listing out measures taken by his government for women's welfare in ten years, like supporting their self help groups and creating 'Lakhpati Didis'.

Congress on Saturday took a swipe at the Narendra Modi government over the postponement of Elon Musk's India visit, saying it was odd the Tesla CEO was coming to meet an outgoing prime minister and that he too has now read the «writing on the wall». Musk on Saturday said his proposed visit to India has been postponed due to «very heavy Tesla obligations». Congress General Secretary Jairam Ramesh said in a post on X, «It was odd that @elonmusk was coming all the way to India to meet an outgoing prime minister. He too has now read the writing on the wall and decided to put off his visit.» Ramesh said an INDIA bloc prime minister will welcome Musk soon.

courses (PG courses). The registration for admissions into the PG courses will remain open till May 25. The second phase of admission will begin in mid-May, the university will start the admissions for undergraduate (UG) courses after the CUET-UG examinations are over.

Catch all the LIVE Updates on Iran-Israel war hereUS Secretary of Defence Lloyd Austin held talks with Israeli counterpart Yoav Gallant and discussed efforts to maintain regional stability and the latest developments in Gaza. The readout from Pentagon Press Secretary Major General Pat Ryder reads, "Secretary of Defense Lloyd J Austin III spoke with Israeli Minister of Defense Yoav Gallant today to discuss efforts to maintain regional stability, the latest developments in Gaza, and measures to accelerate humanitarian assistance to civilians in Gaza." This comes a day after reports claimed that Israel carried out strikes in Iran.

Srinagar: The BJP is not leaving any ground and the "best of the people" are discussing the matter on supporting candidates in the three Lok Sabha seats of Kashmir valley, Union minister Hardeep Singh Puri said on Saturday. Speaking at Viksit Bharat ambssadors' meet here, Puri said the 2024 general elections would produce a victory in favour of development so that the country moves forward to another significant chapter in the realisation of a 'Viksit Bharat'.

North Korean state media said the country's missile administration on Friday conducted a “power test" for the warhead designed for the Hwasal-1 Ra-3 strategic cruise missile and a test-launch of the Pyoljji-1-2 anti-aircraft missile. It said the tests attained an unspecified “certain goal." ALSO READ: North Korea scraps economic cooperation with South Korea amidst sharp deterioration in ties Photos released by the North's official Korean Central News Agency showed at least two missiles being fired off launcher trucks at a runway.

A large majority of Canadians who do not own property believe homeownership is currently unachievable, according to a recent poll conducted by Canadian Imperial Bank of Commerce.

Chef Andrew Gruel discusses how California's minimum wage hike is resulting in layoffs on ‘The Bottom Line.’

gold in the last one week has been -0.18% .whereas in the last month it has been -9.07%. The cost of silver is Rs.86500.0 per kg up by Rs.100.0 per kg. Gold Rate Today in Delhi is ₹75459.0/10 grams.

Mint had reported that OVL is in talks with its Venezuelan partner PdVSA to secure oil cargoes for settling the long pending dues to the ONGC arm. In response to a query, an OVL spokesperson said: "Our legal and marketing teams are working on the issue," adding the company would revert after a clear picture emerges. Queries sent to the Union ministry of petroleum and natural gas and Petroleos de Venezuela S.A.