Country Financial News

NEW DELHI : Baku. Khinaliq. Batumi.

₹2 cut on 15 March 2024. Rising crude prices almost negates any scope of a further cut. Thanks to low prices in 2023-24, oil companies have been very profitable and have the cushion to absorb any temporary spike.

Delhi's Fatehpuri Masjid Imam Mufti Mukarram Ahmad told PTI that the Ruet-e-Hilal Committee of the mosque contacted many places and was informed that moon was not sighted. Therefore, Eid will be celebrated in India on Thursday and on Wednesday the 30th fast of Ramzan will be observed, he said.

Bank of Baroda. “That will affect the agri prospects and rural demand. As of now, it is a positive signal which was expected as the world over La Nina was to prevail." According to the latest data from the Central Water Commission, the available water level this week in these reservoirs was 61.801 billion cubic metres (BCM), 17% lower than the corresponding period last year when it was 74.47 BCM and 2% lower than the average of last 10 years (63.095 BCM).

₹2.64 trillion provided in the budget. Officials said that capex spending of MoRTH has remained over 90% level in previous five years and in fact above 98% in three of the five years with the exception of FY20 when it was 91% and FY22 when it stayed at 93%.

NEW DELHI : Even as India accelerates towards a greener future with an ambitious target for two-wheeler electrification by 2030, Yamaha Motor India is steering towards a more conservative course. Anticipating a 20% adoption rate for electric scooters by the end of the decade, the local arm of Japan's Yamaha Motor Co.

NEW DELHI : Government is looking at putting an end to the practice of giving extensions on timelines for completion of solar power projects in a bid to achieve its ambitious target of 500 GW non-fossil based power capacity by 2030. In an interview, Bhupinder Singh Bhalla, union secretary for the ministry of new and renewable energy also said that the government has bid out 51 GW of renewable energy capacity in FY24, against the target of 50 GW and added capacity addition would accelerate further from FY26.

Private golf-club membership has long been the sign of having arrived at a certain enviable level of comfort. To join a country club where they know your name, your favorite drink and your preferred tee time is the stuff of many golfers’ dreams. Yet for many golfers these days, the whole idea of being tied to one club and one course feels limiting.

Emerging market stocks were rising Tuesday and headed for their best close since June 2022, aided by a surge in the shares of an Asian chipmaker.

Arunachal Pradesh east constituency on Tuesday, the Bharatiya Janata Party leader acknowledged that China changed names of 30 places in the state and said it will not change the ground reality. Asserting that Arunachal Pradesh is an integral part of India, the Defence Minister said that such activities of China are the reason the relation between the two countries will deteriorate. “I want to ask China if we change the names of various states of the neighbouring country, will those be parts of our territory? Atal Bihari Vajpayee used to say that friends change in life but neighbours do not change.

Bank of Nova Scotia plans to underwrite local bonds in Brazil and offer cash-management services there as it expands in Latin America’s biggest nation.

Narendra Modi on Tuesday accused the Congress of making several attempts to stall the construction of the Ram temple in Ayodhya and for insulting Lord Ram by rejecting the invitation for the 'pran pratishtha' ceremony. The prime minister also attacked the Congress for «insulting» 'Shakti'. Addressing an election rally here, Modi also said the Congress is immersed in the swamp of appeasement and that «owing to the pressure of appeasement», the Congress and the Samajwadi Party (SP) are opposing the Citizenship (Amendment) Act (CAA) as well. The "INDI alliance of SP-Congress does not care about India's heritage," the prime minister said.

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said when votes were cast for the wrong people, it brought in governments that played with people's security and "fed biryani to terrorists". «In 10 years, we have seen a changing India. The price of your one vote has done this,» he said, referring to the Narendra Modi government at the Centre. «When your vote went into the wrong hands, governments come that were involved in corruption, played with the security and the future of the youths, fed biryani to the terrorists, created unrest in the country and forced farmers to commit suicide,» Adityanath said at a rally here ahead of the Lok Sabha election. The Uttar Pradesh chief minister addressed the rally before Prime Minister Narendra Modi.

Merck Tuesday said it has appointed Dhananjay Singh as the managing director of Merck Life Science in India. Singh takes on the role in addition to his current position as head of science and lab solutions commercial, India. Effective April 1, Singh has taken over from Sreenath NS, who is retiring after 36 years of working with Merck in India.

Joint Plant Committee, India has registered a 38 per cent surge in imports of finished steel to 8.319 million tonnes (MnT) over 6.022 MnT imported during the preceding 2022-23 fiscal. «The surge in predatory imports from China is a big threat to the Atmanirbharta in steel. The country becoming net importer is a warning signal to our march towards Atmnirbharta (self-reliance),» Alok Sahay, secretary general of apex industry body Indian Steel Association (ISA) said. Looking at the situation, it is very important to arrest predatory imports, he said and demanded for a trade remedial action on an urgent basis to arrest the inbound shipments.

Rajnath Singh on Tuesday criticised China for renaming several places in Arunachal Pradesh, and wondered whether a similar attempt by India will result in those areas of the neighbouring country becoming «parts of our territory». Addressing an election rally at Namsai in Arunachal Pradesh East Constituency, Singh said China's move to change names of 30 places in the northeastern state will not change the ground reality. Arunachal Pradesh is an integral part of India, he asserted. «I want to ask China if we change the names of various states of the neighbouring country, will those be parts of our territory? Because of such activities, the relation between India and China will deteriorate,» Singh said.

Dixon Technologies has said it plans to buy a majority stake in Ismartu India, a manufacturing unit of Chinese phone maker Transsion Holdings, to expand its business. Dixon will initially acquire 50.10% stake for Rs 238.36 crore in an all-cash deal while additional acquisition will be done in FY27 for an aggregate consideration, which shall be decided on the basis of a valuation of 20 times of profit after tax of Ismartu for FY26, Dixon said in a regulatory filing late Monday. Dixon added that upon successful acquisition of the second tranche of shares, it will hold an additional stake between 1.60% to 5.90% in Ismartu India.

Stratos Private Wealth on Tuesday announced its plans to go bicoastal by expanding into southern New Jersey and Westchester, New York.

Union Ministry of Home Affairs has entrusted the Central Reserve Police Force (CRPF) with providing a contingent of about 40-45 personnel for the task." The CRPF commandos would soon take over his security. Over three dozen armed CRPF commandos will be guarding Kumar. ALSO READ: Lok Sabha Elections 2024: EC's Suvidha Portal sees over 73,000 applications from political parties, candidates As per PTI, the extended security cover will be provided to Kumar during his journey across the country, round the clock and at the time of his stay in Delhi and at his office.

Wrestling Federation of India (WFI) challenging its suspension, seeking the central government's response in four weeks. The matter will now be heard on May 28. On December 24, 2023, the central government had suspended the wrestling federation, three days after the Federation conducted its election, and sexual harassment accused BJP MP Brij Bhushan Saran Singh's close aide Sanjay Singh emerged as the winner.

The drone in the video, which is clearly modeled after Iran’s Ababil model — the workhorse of paramilitaries across the Middle East since it was developed in the 1990s — reflected a design tweak: Its two front tires, instead of the usual one, provided actual battlefield evidence that Sudan is modifying the Iranian drone into its own weapon, which it calls the Zagel-3. That revelation follows the emergence in the last two years of ramped-up Iranian drone production in at least five other countries, from South America to Central Asia. Most recently, Russia has started making Iranian drones for its war in Ukraine, bringing the number of countries using Iranian technology, assistance, or parts to at least a dozen.