Country Financial News

Electronics & IT (MeitY) has been working aggressively on multiple areas, particularly, to boost domestic semiconductor industry, and the use of artificial intelligence (AI) responsibly. In an interaction with ET's Muntazir Abbas, MeitY secretary, S Krishnan, a 1989 batch Indian Administrative Service (IAS) officer of the Tamil Nadu cadre, who took over barely six months back, is at the helm of many prestigious initiatives, and in an exclusive interaction talks on semiconductor ecosystem, mobile components manufacturing, deepfakes menace, and implementation of the Digital Personal Data Protection (DPDP) Act 2023. Edited excerpts Let’s begin with the government's semiconductor ambition. Now, you have biggies like Micron and Tata, so what's next, and how are you looking at design in India?

TVS Motor has approved an interim dividend of Rs 8 apiece, which is about 800% of the face value, for the year ending March 2024. The dividend payout will cost the company about Rs 380 crore. The interim dividend declared will be paid to those shareholders, who hold shares in physical form or electronic form and whose names appear in the register of members as on the record date.

₹25,000 price segment. The Nord CE 4 launch comes months after OnePlus launched its flagship OnePlus 12 series smartphones in the country.

Michael Polsky is getting into fights all over the country. The Chicago billionaire, a Ukrainian immigrant who made his fortune through wind, solar and other renewable-energy projects, wants to build a lot more. And he also wants to build natural-gas-fired power plants.

NEW DELHI : India and Italy are set to sign an extradition treaty as the two countries seek to repair their bilateral relations that were waylaid by the 2012 killing of two Indian fishermen by Italian marines. The extradition treaty will make it easier for both countries to counter crime and improve cooperation between their law enforcement agencies, said people aware of the developments. The final text of the extradition treaty has been approved by the MEA and the ministry of home affairs, with the law ministry examining it for the Union cabinet’s approval, these people said.

Hungary's new immigration law which was planned to begin on March 1 introduces stricter conditions to existing regulations for third-country nationals (TCNs). The new regulation outlines 24 types, including 8 for the purpose of employment. The residence permit for other purposes, which was a rather flexible category, has been abolished. The previous immigration law in Hungary specified 18 types of residence permits. One of the biggest changes is that the new law introduces separate categories of work permits for highly-skilled workers and low-skilled guest workers, and a new permit for investors.

By Francesco Guarascio

The Body Shop, shut down all of its US-based operations and will soon be closing dozens of Canadian store locations after filing for bankruptcy, CNN reported. Earlier this month, The Body Shop, in an official release, announced that its US subsidiary was no longer operational, effective March 1.

NEW DELHI : New Delhi: India's economic performance is better than what the headline numbers reveal, with the sharp GDP growth coming amid challenging global macroeconomic conditions, Sanjeev Sanyal, member of Prime Minister Narendra Modi’s Economic Advisory Council, told Mint in an interview. India's higher-than-expected growth of 8.4% during the third quarter of fiscal 2023-24 came without accompanying macroeconomic stresses, he added. Edited excerpts: The latest reading of an 8%-plus growth rate exceeds even the government's expectations.

BEIJING — China's struggling real estate developers won't be getting a major bailout, Chinese authorities have indicated, warning that those who «harm the interests of the masses» will be punished.

Gold And Silver Prices Today: Gold prices experienced a slight increase on Monday. The price of 24 carat gold is Rs.6631.9 per gram, up by Rs.65.0. The price of 22 carat gold is Rs.6074.8 per gram, up by Rs.59.0.

invasion of Ukraine, Russia’s economy has repeatedly defied the doomsayers. A financial collapse, widely predicted in the spring of 2022, never came to pass. The economy fell into recession, but it was less severe than expected and did not last long.

Pranay Karkale is spending years of savings and $60,000 in student loans to pursue a master’s degree in the United States, yet he considers himself lucky. At home in India, it’s common to hear about families selling off their land to send children to universities overseas. Karkale was willing to do whatever it took once he got into Johns Hopkins University. A degree from a prestigious U.S. college, he believed, would open doors to a better job and higher pay than he would find in India.

Modi, is expected to discuss names of the remaining candidates for the Lok Sabha election. The party released the first list comprising 195 candidates from 16 states for the Lok Sabha elections March 2. In the meeting on March 11, National Democratic Alliance (NDA) partners from Maharashtra, Odisha, Andhra Pradesh, Karnataka, Haryana, and Bihar are likely to discuss seat sharing with the BJP's top leadership, according to a report in news agency ANI.

₹1 lakh crore at an event in Gurugram on Monday. As per an official announcement, the prime minister is set to inaugurate the Haryana segment of the significant Dwarka Expressway. This development aims to enhance traffic flow and alleviate congestion between Delhi and Gurugram along National Highway-48.

Also Read: Real Estate: How can you maximise wealth with MSM REITs investments? Why are you interested in purchasing a second home? Is it for a vacation getaway, an investment property, a place to retire, or some other reason? This decision will greatly influence where you choose to buy, what type of property you choose, and how much you can afford. According to a research study conducted by 360 Realtors, the demand for second homes or holiday homes in India has significantly increased in the wake of the pandemic.

(Reuters) — Pilots at Qantas Airways units Network Aviation and QantasLink will conduct a fresh strike this week as they continue to demand for higher pay, the Australian Federation of Air Pilots said on Monday.

HONG KONG/SHANGHAI/BEIJING (Reuters) -Chinese regulators recently met financial institutions to discuss state-backed property developer China Vanke where they asked large banks to enhance financing support and asked private debt holders to discuss maturity extension, two sources said.

Investing.com-- Oil prices fell in Asian trade on Monday, extending losses from the prior week as markets remained on edge over slowing demand while largely looking past a tighter supply outlook for 2024. 

By Yuka Obayashi

By Jonathan Stempel