Country Financial News

(see chart). “While both cars share the same off-road features, there are notable differences," Dhillon said. “Thar offers a more powerful engine and larger size.

₹426 crore ($51 million) as per IQVIA MAT February 2024. Sanofi said it will continue to own, manufacture and import them to the country. M.V.

India should be satisfied with the current growth rate unless the external environment improves, Member of Economic Advisory Council to the PM, Sanjeev Sanyal, said on Wednesday, terming economic expansion in the range of 7 per cent perfectly good. Sanyal further said it was necessary to protect the hard-earned macroeconomic stability. «Now look, it is possible for us to hit double-digit growth, but I would actually be rather careful about it. This whole game is about compounding growth,» Sanyal said while speaking at the Times Now Summit. India's economy grew at better-than-expected 8.4 per cent in the final three months of 2023, logging the fastest pace in the past one-and-a-half years.

equity capital markets had its strongest start in three years in 2024 as economic uncertainty waned and stocks rallied, but a revival in initial public offerings has lagged. Bankers carried out $143.9 billion of stock sales worldwide so far this year, the best first quarter since 2021, according to Dealogic data.

Crizac has filed its draft red herring prospectus (DRHP) with the market regulator to raise funds through an IPO. The IPO, with a face value of Rs 2 per equity share, is entirely an offer for sale of up to Rs 1,000 crore by the promoter selling shareholders. Under the OFS, Pinky Agarwal and Manish Agarwal will offload part shares of the company

battalion group of the Indian Army, comprising more than 700 personnel, is taking part in the ongoing bilateral tri-service exercise — 'Tiger Triumph-24' — between India and the US, being held on the Eastern Seaboard, sources said on Wednesday. The exercise from March 18-31 aims at developing interoperability for conducting Humanitarian Assistance and Disaster Relief (HADR) operations and refining SOPs to enable rapid and smooth coordination between the forces of the two countries. The Indian Army's contingent, comprising one battalion group is taking part in the second edition of the tri-service exercise, along with the Indian Navy and the Indian Air Force, sources in the defence establishment said. The 14-day exercise is being conducted in two phases with a harbour phase at Visakhapatnam followed by a sea phase at Kakinada.

BEIJING — U.S. business leaders met with Chinese President Xi Jinping on Wednesday, the latest of Beijing's efforts to bolster foreign investment in China amid tensions with the U.S.

The Canadian province of Quebec had big plans of becoming the “battery of the U.S. northeast" by feeding power generated from its dams and other hydro plants to millions of people in Vermont, Massachusetts and New York state. Now, dry conditions that have affected energy output worldwide are forcing one of the world’s largest hydropower producers to cut exports.

Mint on 29 October reported that the government was planning to create an AI-based real-time supply and demand prediction model for agricultural commodities that will factor in externalities like weather and trade-related measures. The move came after a patchy monsoon disrupted kharif crops, impacting the sowing and vegetative seasons, amid a forecast by economists for farm output growth in 2023-24 to be slower. The tool makes use of previous data, which makes it “so effective that if we want to see the price pattern of mustard oil in Hooghly for the last 10 years, it can be done in just three clicks", Singh said.

NEW DELHI : India is deploying atomic clocks across the country to ensure the time shown on your digital watch, smartphone and laptop is truly based on Indian Standard Time—an effort launched more than two decades ago after the Kargil war. Currently, most software operating modules in India rely on US-based Network Time Protocol servers. The government wants all software to instead be synchronised with indigenous atomic clocks, both for uniformity in time and as a defence mechanism, especially in times of war.

IPO Review: 25 companies hit Dalal Street in March with two more set to list The large-cap space has also performed well in FY24, with a handful of stocks delivering multibagger returns. The benchmark index, Nifty 50, which represents the country’s top 50 blue-chip companies across various sectors, has soared 30% in FY24 so far. It ended 9 out of the last 11 months in the green.

Microsoft co-founder Bill Gates on Wednesday emphasised India's pivotal role in his philanthropic endeavours and technological aspirations. Gates, speaking virtually from Seattle at the Times Now Summit, underscored India's significance both in his past actions with Microsoft and in his current charitable efforts through the Bill & Melinda Gates Foundation. «India is a key country for us,» Gates said while highlighting the profound impact the nation has had on his career trajectory and his philanthropic vision.

Skipper, which is present in the power, telecom, and water sectors, the essential building blocks of a nation, has experienced remarkable growth in its shares, greatly benefiting its shareholders. Just twelve months ago, each share of the company was valued at ₹90, but now they're worth ₹316.55, marking a substantial increase of 290%.

SINGAPORE—Netflix’s newest high-powered sci-fi drama, “3 Body Problem," is one of the biggest cultural events to come out of China in years. After watching it, many in China say they wish the producers of the show had taken their country out of it entirely. “3 Body Problem" is the long-awaited adaptation of a critically acclaimed series of science-fiction novels by Chinese writer Liu Cixin.

₹6,341.90 apiece after the global brokerage firm UBS in its latest report lifted the target price on the stock to ₹7,550 apiece from an earlier price target of ₹5,380, citing a high double-digit growth across domestic and export orders from motion and low-voltage EP segments with a steady ramp-up in OPMs. It expects order inflow growth of 23% during 2023–26E, with revenue growth of around 21% on a 23% earnings CAGR.

Tawfiq Muhammad Said Al-Law, a hawala operator involved in Hezbollah crypto funding, has been sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), the federal agency announced Tuesday.

Russian ministries could be prepared to “legalize” industrial crypto mining in the country. But one key department could yet throw a spanner in the works.

India’s policy focus on making the country a hub for EV-making will have a side effect. As electric vehicles (EVs) roll off assembly lines, our dependence on Chinese imports will rise, even though we’ve been trying to reduce it. That’s because China, with a head-start of a decade or so, is the global leader of clean-tech in general and this segment of the auto industry in particular.

On Monday, for the first time since the Gaza war broke out in October 2023, the United Nations Security Council passed a resolution calling for an immediate ceasefire, the instant and unconditional release of hostages, and expanded flow of aid to the besieged territory. The vote went through because Israel’s chief backer, the US, abstained instead of using its veto against the 14 countries in favour of the proposal.

Lawmakers with Poland’s ruling pro-European Union coalition have launched a rare process to bring the central bank chief before a special court on allegations of acting against the country’s financial interests

geotag key telecommunication infrastructure, including telecom towers and optical fibre cables, to facilitate coordination, particularly during disaster situations. The mapping of telecom infrastructure will also facilitate setting up of other developmental projects across the country, officials aware of the development told ET. «We are working to geotag communication infrastructure across the country by 2027,» as per one official. For this, DoT will coordinate with other ministries and state governments so that data can be shared to facilitate setting up of other projects that require telecom infrastructure as the backbone.