Country Financial News
14.03 / 18:29
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Country going through difficult period: Vladimir Putin
Vladimir Putin on Thursday urged Russians to stay the course in the face of a «difficult period», hours before polls open in a vote set to extend his hardline rule. The former KGB agent is set to secure another six-year term this weekend in a vote the Kremlin says will show society is fully behind his assault on Ukraine.
14.03 / 18:29
Google
Landmark
Gemini
Patrick
country
innovations
prevention
Europe one step away from landmark AI rules after lawmakers' vote
artificial intelligence rules on Wednesday as EU lawmakers endorsed a provisional agreement for a technology whose use is rapidly growing across a wide swathe of industries and in everyday life. Three years in the making, the AI Act comes as generative AI systems such as Microsoft-backed OpenAI's ChatGPT, and Google's chatbot Gemini become more popular, fuelling concerns about misinformation and fake news.
14.03 / 18:29
UPS
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Southern
country
Peak power demand up to 220 GW as temperatures rise
Peak power demand in India touched 220.55 GW on March 13 as temperatures rose across the country, much higher than the 206.8 GW on the corresponding day last year. It also surpassed the 209-GW level recorded a year back in the same month. The peak demand so far in the month, is however, lower than that estimated by the power ministry at 231 GW for the ongoing month. «From next week, this demand will pick up,» a government official told ET. «March 18 onwards temperature is expected to rise which is when we expect higher peak demand,» the person said.
14.03 / 17:23
country
Equality
rights
International
India's CAA 'discriminatory': Pakistan
Pakistan on Thursday termed India's new Citizenship (Amendment) Act "discriminatory in nature", claiming that it differentiated between people based on their faith. The Indian government implemented the Citizenship (Amendment) Act 2019 on Monday, paving the way for the grant of citizenship to undocumented non-Muslim migrants from Pakistan, Bangladesh and Afghanistan who came to India before December 31, 2014. The government also came out with a press statement to say that Indian Muslims need not worry as the CAA will not impact their citizenship and has nothing to do with the community which enjoys equal rights as their Hindu counterparts.
14.03 / 17:23
COST
Waters
Action
Duke
Research
Universities
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‘From debt relief for nature to the biggest environmental beneficiaries paying more for its preservation, policy can help restore ecology’
Environment at Duke University. Speaking to Srijana Mitra Das, he discusses factors shaping effective green strategies: Q. What is the core of your research? A. I’m an economist working with different disciplines. My focus is on researching which policy interventions can bring both environmental and livelihoods gains in developing economies. We often imagine development and conservation as being opposed — can you share how planning achieved both in the Brazilian Amazon? We must remember that you can impose a policy — but local individuals have a lot of agency. If conservation actions don’t offer local development, they are likely to fail. Impactful conservation actions tend to be much more consistent with local development benefits. A protected area that helps locals, for example, means you can do this in a place where it really matters. Research by David Gill from the Duke Marine Lab shows you can have impacts in marine protected areas when you allow local smallholder activities. This needs community involvement in planning and conditions, resources and governance to ensure these places do as well as protected areas which evict people.
14.03 / 16:11
Citi
Progressive
Election
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country
Videos
‘Ye dil to Mumbai main hai aur …rahega’ Piyush Goyal rides local train, visits Siddhivinayak Mandir
PIYUSH GOYAL, MUMBAI LOCAL TRAIN, SIDDHIVINAYAK MANDIR, LOK SABHA ELECTIONS, PIYUSH GOYAL RIDES MUMBAI LOCAL TRAIN, PIYUSH GOYAL VISITS SIDDHIVINAYAK MANDIR, BJP : Piyush Goyal—the Minister of Commerce and Industry and Consumer Affairs—who will face his first electoral debut in the upcoming Lok Sabha elections, on Thursday embarked on a journey aboard a Mumbai local train. The minister who spent his childhood in Mumbai expressed his nostalgia for the city while admiring the resilience, perseverance, and hopeful spirit of the financial capital of the country.
14.03 / 16:11
markets
UPS
Platform
Trade
country
testing
International
Power Exchange aims to launch carbon-credit trading platform by Q2FY25: MD
NEW DELHI : Power Exchange India Ltd (PXIL), promoted by NSE and NCDEX, aims to launch its carbon-credit trading platform by the second quarter of next fiscal (FY25) year as it is already working on the technology for the product, its managing director and chief executive Satyajit Ganguly said. In an interview, Ganguly said that as the regulations for such platforms are likely to be rolled out by the second quarter, the exchange would be ready by then with its technology and also complete its educational workshops for industry participants across sectors to get them on board the platform and trade in carbon credits. "We have already started working on the technology.
14.03 / 14:33
14.03 / 13:13
UPS
Provident
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NOT
NATO countries not giving Ukraine 'enough ammunition': Stoltenberg
NATO head Jens Stoltenberg said on Thursday alliance members «are not providing Ukraine with enough ammunition» and the shortfall has allowed Russia to push Kyiv's forces back. «The Ukrainians are not running out of courage. They are running out of ammunition,» Stoltenberg told journalists. «Together, we have the capacity to provide Ukraine what it needs. Now we need to show the political will to do so.»
14.03 / 13:13
Progressive
Manufacturing
Remark
Parke
country
testing
International
Northeast region of our country has transformed into the driving force of our nation’s development, says Finance Minister Sitharaman
Nirmala Sitharaman said that Northeast region of our country has transformed into the driving force of our nation’s development. Sitharaman participated in Indian Institute of Technology-Guwahati Viksit Bharat Ambassador Dialogue held at the institute. The developmental dialogue centered around the topic of the Prime Minister of India’s 'Viksit Bharat 2047' goal, aimed at transforming India into a developed nation by 2047, marking 100 years of independence. Delving into India's ambition to achieve developed nation status by 2047.
14.03 / 12:55
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stake
play
Tata Group considering buying Disney’s stake in Tata Play
Tata Group is considering buying Walt Disney Co.’s stake in Tata Play Ltd. to give it full control of the subscription television broadcaster, people familiar with the matter said, continuing a shakeup in India’s media industry. The companies are in preliminary talks about an acquisition of Disney’s significant minority stake, which would value Tata Play at about $1 billion or more, the people said, asking not to be identified as the considerations are private. Tata may decide not to pursue a deal, they said. Representatives for Tata and Disney declined to comment.
14.03 / 12:55
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Manufacturing
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Experts
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Rs 500 cr electric-mobility scheme shows govt's continued thrust on EV: Experts
Scheme 2024 shows the government's continued thrust on vehicle electrification as it is indispensable on a long-term basis to fortify the case for an EV ecosystem, industry experts said on Thursday. Ministry of Heavy Industries has announced the new scheme to promote e-mobility in the country with an outlay of Rs 500 crore for four months beginning April 2024. The new scheme is for 2-wheelers and 3-wheelers. Commenting on the government's decision, Srikumar Krishnamurthy, Senior Vice President and Co-Group Head — Corporate Ratings, ICRA said the scheme is a favourable move towards the acceleration of the electrification pace in the country. «The EMP scheme reflects the government's continued thrust on vehicle electrification, although the quantum of subsidy is seen lower in line with expectations,» he said.
14.03 / 12:55
markets
security
Deloitte
show
performer
country
reports
Average increment in India expected to slip to 9% in 2024, says Deloitte survey
salary increment in India in 2024 is likely to be 9%, marginally lower than last year’s 9.2%, shows a recent survey by management consulting firm Deloitte. The Deloitte India Talent Outlook 2024 Survey also shows that one in every three organisations in the country is planning to give double-digit increments this year.
14.03 / 11:49
Election
country
inclusion
Patiala MP Preneet Kaur, wife of Amarinder Singh, joins BJP: 'Had good innings with Congress...'
PM Modi and his policies, like the 'Viksit Bharat' Programme. I have full confidence that under the leadership of PM Modi, we will be able to keep our country safe and take it forward," she said. BJP is emerging in the mind of a common Punjabi, said BJP National General Secretary Vinod Tawde as he welcomed Kaur to the saffron party.
14.03 / 11:49
community
country
Podcasts
rights
Will CAA be repealed like farm laws? Amit Shah says 'can’t compromise with….'
India's sovereignty. We can't compromise with India's right to take its own decisions," Amit Shah said in a podcast with Smita Prakash. He was also addressing the international backlash on laws like CAA.
14.03 / 11:49
markets
wellness
trends
Trade
Celebrity
country
cover
Japan Finally Gets a Raise
Japanese workers are about to receive much bigger paychecks. That could make the Bank of Japan’s decision on whether to ditch its ultralow interest rate policy—which could come as soon as next week—easier. Some of Japan’s biggest companies have agreed to give their employees their largest pay rise in decades, as workers demand higher wages to combat inflation.
14.03 / 11:49
markets
Target
Manufacturing
security
President
country
Pharmaceuticals
Novartis set to launch chronic myeloid leukemia drug in India
NEW DELHI : Novartis India, the local arm of Swiss pharma giant Novartis AG, is in discussions to secure a distribution partner for the imminent launch of Asciminib, the first-in-class treatment for chronic myeloid leukemia (CML) targeting the ABL myristoyl pocket (STAMP), Amitabh Dube, the company's country president and managing director, said. “Innovative therapies introduced over the past two decades have revolutionized treatment for people with CML, a serious and life-threatening blood disorder. Novartis, known for developing targeted therapies for CML, is now launching Asciminib, the first CML treatment that works by specifically targeting the ABL Myristoyl pocket," Dube told Mint in an email interaction.
14.03 / 11:49
markets
UPS
Gap
security
Matrix
country
reports
Is the ice melting? Some startups defy funding slump with successive rounds
paths to profitability and product-market fit. Earlier this week, B2B fintech startup Perfios turned unicorn after raising $80 million from Teachers’ Venture Growth. The announcement came just six months after the company raised $229 million from Kedaara Capital in its Series D round in September.
14.03 / 11:25
14.03 / 10:47
Platform
Entertainment
Sony
film
country
audience
Videos
Crunchyroll sees uptick in active users as anime finds favour in India
Solo Leveling, Jujutsu Kaisen, Mashle: Magic and Muscles, One Piece, and The Daily Life of the Immortal King have found traction in India. Crunchyroll, LLC is an independent joint venture between Sony Pictures Entertainment in the US and Aniplex in Japan, a subsidiary of Sony Music Entertainment (Japan) Inc., both subsidiaries of Tokyo-based Sony Group Corp. Crunchyroll opened its second office in India in Hyderabad earlier this month.
14.03 / 10:37
FIVE
Election
President
country
reports
recommendations
Kovind panel studied simultaneous poll processes in 7 counties including S Africa, Germany, Sweden
high-level panel on 'one nation, one election' studied election processes in six countries including South Africa, Sweden and Belgium, before recommending simultaneous polls for Lok Sabha and state assemblies in India. The other countries where simultaneous elections are conducted are Germany, Japan, Indonesia, the Phillipines and Belgium. The panel led by former president Ram Nath Kovind submitted its report to President Droupadi Mumu on Thursday, recommending simultaneous elections for Lok Sabha and state assemblies as the first step followed by synchronised local body polls within 100 days. According to the report, a comparative analysis of other countries was drawn while dealing with the issue of simultaneous elections. The aim was to study and adopt the best international practices to ensure fairness and transparency in elections.
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