Country Financial News
08.04 / 14:59
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JPMorgan's Dimon warns inflation, political polarization, wars creating risks not seen since WWII
The nation’s most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors that he continues to expect the U.S. economy to be resilient and grow this year
08.04 / 14:59
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Sustainability
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International
A Dubai company’s staggering land deals in Africa raise fears about risks to Indigenous livelihoods
A raft of agreements between African countries and Dubai-based company Blue Carbon could give the company control over large swaths of land for conservation projects
08.04 / 14:45
08.04 / 14:41
UPS
Provident
CEO
Trade
country
Delhi's power demand set to hit new high; utilities gear up
NEW DELHI : Power distribution companies in the national capital are gearing up to meet record demand for electricity amid expectations of a scorching summer as the world’s largest democracy goes to the polls. According to the State Load Despatch Centre, Delhi, peak power demand in the national capital may cross 8,000 MW for the first time.
08.04 / 14:41
08.04 / 14:33
08.04 / 14:33
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electronic
Personal computer imports from China dip 3 pc during Nov-Feb 2024
New Delhi: The country's imports of personal computers from China dipped 3 per cent to USD 917 million during November-February 2024, according to commerce ministry data. The inbound shipments stood at USD 950.22 million from the neighbouring country during November-February 2023. Similarly, imports contracted about 48 per cent to USD 917 million from China during November 2023-February 2024 as against USD 1.75 billion during July-October 2023, the data showed. Imports of personal computers into India also declined 55 per cent year-on-year to USD 1.06 billion from the world during November-February 2024.
08.04 / 14:33
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"Congress expelled its leaders who visited Ram Mandir...": PM Modi in Chhattisgarh
Congress party, Prime Minister Narendra Modi said that the grand old party not only declined the invitation of Pran Pratishtha of Ram Mandir in Ayodhya, but also expelled its own leaders who visited the temple. Accusing the Congress party of «ignoring» and «not caring» for the needs of the poor, he highlighted that crores of poor have received benefits from central government schemes in the last 10 years. Addressing a public meeting in Bastar, Chhattisgarh, on Monday, PM Modi said, «Chhattisgarh has left no stone unturned in giving its blessings to me...You have come here in such large numbers to bless us today. You people have not only formed the BJP government here but have also strengthened the foundation of developed India.»
08.04 / 14:09
08.04 / 14:09
08.04 / 13:05
Cooper
Aware
Manufacturing
security
Arma
country
information
Armoured cars, small arms in India-Brazil defence equipment short-list
NEW DELHI : India and Brazil are putting together a list of two dozen defence products for possible co-development and production as part of efforts towards deepening security ties, according to persons aware of the matter. This follows a flurry of high-level defence delegations from Brazil visiting India recently.
08.04 / 13:05
Target
Analysis
Death
Research
country
reports
'Getting threatening calls....': Ashok Anand after being labelled as RAW agent by Pakistan - Who is he?
Pakistan branded few Indians as Research and Analysis Wing (RAW) agents and accused them of targetted killings in the country, Dubai-based Ashok Kumar Anand, one of the accused, has called the allegations to be ‘false and unfortunate’. Anand called himself as a simple businessman and rejected Pakistan's claims of his connection with the Indian agency. Moreover, he also said that he is facing death threats after Pakistan's claims about his link with the killings, reported India Today.
08.04 / 12:37
markets
UPS
economy
Trade
War
band
country
Rupee vs Dollar: INR to remain range bound in near term, offer hedging opportunities to importers, exporters
foreign portfolio investors (FPIs) would have an impact on the movement of rupee against the US dollar bringing it to the downside on occasion. While the USD-INR pair is expected to remain in a range between 82 and 84 for FY 2025, in the near term 83.50 looks like a strong resistance for the pair while 82.50 acts as a strong support. These aforementioned support and resistance levels will remain sacrosanct for the Reserve Bank of India (RBI) and the Central Bank will likely keep the pair within this range to ensure all-round stability.
08.04 / 12:37
markets
CEO
JPMorgan
economy
wellness
War
country
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JPMorgan's Dimon warns inflation, political polarisation, wars creating risks not seen since WWII
JPMorgan Chase CEO Jamie Dimon, told investors Monday that he continues to expect the US economy to be resilient and grow this year. But he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as US political polarisation, might be creating an environment that «may very well be creating risks that could eclipse anything since World War II.» The comments came in an annual shareholder letter from Dimon, who often uses the letter to weigh in broad topics like politics, regulation and global events and what it might mean to JPMorgan Chase, as well as the broader economy.
08.04 / 12:37
UPS
Booking
wellness
country
information
reports
Prestige Estates achieves record sales bookings in FY'24 at Rs 21,040 crore
Prestige Estates Projects Ltd on Monday reported a 63 per cent annual increase in sales bookings during the last financial year at Rs 21,040 crore — an all time high, on strong demand for its residential properties and higher average per square feet realisation. The company's sales bookings stood at Rs 12,931 crore in the financial year 2022-23. Among listed players, Prestige Estates is likely to become the largest real estate developer in the country in terms of sales bookings. DLF, Godrej Properties, Macrotech Developers, Prestige achieved sales bookings of more than Rs 10,000 crore in 2022-23. In a regulatory filing, Bengaluru-based Prestige Estates informed that the company achieved the highest-ever annual sales.
08.04 / 11:03
UPS
Reuters
Trade
track
country
India's February silver imports hit record and set to rise 66% this year
India's silver imports surged by 260% in February to a record high, as lower duties encouraged large purchases from the United Arab Emirates (UAE), government and industry officials told Reuters, adding they were on track to increase by 66% this year. Higher demand in India, the world's biggest silver consumer, could support global prices trading near their highest in three years. India imported a record 2,295 metric tons of silver in February, up from 637 tons in January, said a government official, who declined to be named as he was not authorised to talk to the media.
08.04 / 11:03
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Destinations
India's coffee exports rise 13.35 pc to 1.25 lakh tonnes in January-March
Coffee shipments from India rose 13.35 per cent to 1,25,631 tonnes during January-March period of this year on higher demand for Robusta coffee, according to the official data. The country had exported 1,10,830 tonnes of coffee in the same period in 2023. India, Asia's third-largest producer and exporter, grows Arabica and Robusta varieties of coffee. Arabica coffee bean has lesser caffeine content than the Robusta. Arabica has a sweet and smoother taste, while the Robusta is generally more bitter and harsher on the taste buds.
08.04 / 11:03
08.04 / 11:03
security
Election
wellness
President
country
reports
First US-Japan-Philippines summit to boost defence ties
Japan and the Philippines head to Washington this week for a first trilateral summit aimed at boosting defence ties, hot on the heels of four-way military drills in the South China Sea that riled Beijing. A major upgrade of military command structures between the United States and an increasingly self-confident Japan could be announced, as well as joint coast guard patrols with Manila in areas disputed with China. Also on the agenda will be securing access to vital supplies such as semiconductors and rare metals, North Korea's growing belligerence, and the Japanese takeover of US Steel opposed by President Joe Biden.
08.04 / 10:41
Blockchain
Asia
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Blockchain Engineer Salaries in Asia Drop by More Than 5%
Salaries for blockchain engineers went down in 2023 due to tough times in the industry, like layoffs and companies not hiring as much.
08.04 / 09:49
COST
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travelers
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How not to blow a part of your travel budget on visas
₹47,000 in visa costs and agent fees as well as the charges for cancellation of flight tickets and hotel bookings. To add to her woes, the travel insurance was non-refundable. Ashar’s monetary loss was equal to what she had paid for the round-trip flight tickets.
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