Country Financial News

Jaishankar on Friday stressed the need for global stability, suggesting that the last thing that the world needs to see is «any kind of disturbance», a statement that came amid increasing tensions in the Taiwan Strait in the wake of growing Chinese aggression, Jaishankar's remarks came in response to a question during an interaction at the Nikkei Forum in Japan. He was in Tokyo on a three-day visit. Explaining India's response to a Taiwan contingency as a partner of Japan, Jaishankar said, «Today, the state of the world is very disturbed. We are seeing conflicts. We saw Covid. There are very big economic issues which are below the surface. The last thing that the world needs to see is any kind of disturbance, you know, at this moment. How to strengthen the stability and the growth and development of the world should be a common objective.»

COPENHAGEN (Reuters) — Novo Nordisk (NYSE:NVO)'s CEO on Friday said compounded semaglutide in the United States is a serious health issue.

authorisation holders and export-oriented units (EOUs) from mandatory quality control orders for imported goods that are used as inputs for exports. It said that the exemption will be with pre-import conditions, and those inputs will be utilised in the manufacturing of the export products. «Enabling provisions are made for exempting inputs imported by Advance Authorisation holders and EOUs from mandatory Quality Control Orders (QCOs),» the Directorate General of Foreign Trade (DGFT) said in a notification. The unutilised material will be destroyed in the presence of jurisdictional GST/customs authorities, it added.

competition law with respect to mergers and acquisitions that are also expected to reduce the regulatory burden on the Competition Commission of India (CCI). Notifications have been issued by the corporate affairs ministry related to Section 5 of the competition law. Section 5 pertains to combinations. Vaibhav Choukse, Partner and Head of Competition Law at JSA Advocates and Solicitors, said it is an important development concerning M&As in the country. «The government has increased the existing financial thresholds as prescribed under Section 5 of the Competition Act by 150 per cent. Further, the De Minimis or the Small Target Exemption thresholds have also been increased. This is in line with the government motto of ease of doing business in India as less M&A deals would require CCI approval,» he said.

Tie-Con Delhi-NCR, Electronics and IT Secretary S Krishnan said that the government will invite bids from the industry under the mission and provide viability gap funding for GPU-based computing infrastructure. «The entire GPU approved under the mission will be made available in the next 18-24 months,» Krishnan said.

Canadian employers are continuing to hire, but are still outpaced by population growth in the country, Statistics Canada said Friday.

Ukrainian President Volodymyr Zelenskyy is in Istanbul for talks with Turkish President Recep Tayyip Erdogan

A new survey says one-third of Italians have reduced their consumption of extra virgin olive oil due to skyrocketing prices

Indian Semiconductor Mission or ISM scheme, from the current ₹ 76,000 crore, following the growing popularity worldwide. “We can increase funding when the ISM scheme gets exhausted. If we have to bring more fabs in the country, then we may need more money, and may have to bring in more funds to this focus area,” S Krishnan, Secretary MeitY told ET. The top official further said that in the next 2 to 3 years, the government would try to have 2-3 more semiconductor fabrication (fab) units in the country.

Indian Army was abducted in Manipur's Thoubal district on Friday by unknown miscreants. A senior police officer who does not want to be named told ET, “The reason for abduction is not known yet.The JCO, identified as Konsam Kheda Singh, was on leave.” Police said, “Some miscreants entered his home in Charangpat Mamang Leikai village at around 9 am and the officer was forced to get inside a vehicle. His family has in the past received extortion threats.”

Lok Sabha Elections 2024: The Congress party, in its initial list, has disclosed the candidates for seven out of the 28 Lok Sabha constituencies in Karnataka ahead of the forthcoming general elections. Prior to the announcement, KPCC president and deputy chief minister D K Shivakumar indicated that the party had submitted 14 names for clearance from the high command. Notable figures in the list include D K Suresh, the two-time MP and brother of Deputy Chief Minister D K Shivakumar, who is set to contest from Bengaluru Rural for the third time. Another candidate in focus is former Tumakur MP SP Muddahanumegowda, who recently returned to Congress from BJP. Geetha Shivarajkumar, sister of Karnataka's Primary and Secondary Education Minister Madhu Bangarappa, will be contesting from Shivamogga. Geetha, who ran unsuccessfully from Shivamogga in 2019 on a JD(S) ticket, will now contest with Congress support.

Smartphone maker Xiaomi said that following its continuous spend in innovation capabilities, it aims to enhance artificial intelligence (AI)-driven consumer experience, as a part of its premiumisation strategy. «We have been continuing to invest in our innovation capabilities. But now, as we plan out the next evolution of Xiaomi in India, we focus on premiumisation, and smartphone AIoT. India is becoming aspirational,» Muralikrishnan B, president, Xiaomi India told ETTelecom. Further, the top executive said that the country's increasing disposable income and GDP growth offers an exciting opportunity to the company, and the smartphone major is betting big on premiumisation.

The country's data protection watchdog, AEPD, has effectively banned Worldcoin for up to three months in a move that the organisation says is "circumventing EU law".Launched last year, Worldcoin distributes tokens to people "just for being a unique individual".

Canada Pension Plan Investment Board has agreed to acquire a minority stake in Telecom Italia SpA’s landline network.

Under the leadership of Dr Harbansh Lal, President of AIOS, Dr Lalit Verma, Chairman International Committee of AIOS and Professor Nitin Verma, Chair of RANZCO Committee, this partnership is set to reverse the rising rate of preventable blindness in the Pacific region.Dr Samar Basak, Incoming President of AIOS said that The Indo-Pacific currently has the highest incidence of diabetic eye disease in the world, resulting in permanent sight loss in areas where people do not have timely access to diagnostic, preventive and treatment services. Dr Santosh Honavar, Honorary Secretary of AIOS said that without urgent action, the burden of vision loss will place an increasing health, social and economic burden on countries in this region.Dr.

NEW DELHI, MUMBAI : The proposed free trade agreement between India and the European Free Trade Association is unlikely to address the issue of carbon tax—a key concern for domestic steelmakers looking to export to Europe. The two trading partners will instead address the issue through a separate pact later, two government officials told Mint. EFTA and India are likely to sign a free trade pact on Sunday, these officials said.

JPMorgan Chase & Co. will continue hiring in China for its asset management business as it targets growth in the world’s second-largest economy.

National Creators' Awards here, Prime Minister Narendra Modi on Friday said it is his guarantee that on Shivratri next year, he will again preside over such a function. With the audience chanting «abki bar 400 paar», the prime minister said this is not Modi's guarantee but that of 140 crore Indians. The prime minister had earlier said in the upcoming Lok Sabha polls, the ruling Bharatiya Janata Party (BJP) would get 370 seats and the tally of the National Democratic Alliance (NDA) would go past 400. Noting that the Lok Sabha polls are round the corner, Modi said on Friday, «I give you the guarantee that on the next Shivratri, it could be on some other date, it will be me who will preside over such a programme.»

Sudha Murty, who was on Friday nominated to the Rajya Sabha by the President, holds a 0.83 per cent stake in IT bellwether Infosys which at current prices is worth close to Rs 5,600 crore. The 73-year-old philanthropist is the wife of Infosys co-founder Narayana Murthy. She is the chairperson of the Murty Trust and has authored several books.

BEIJING — Foreign visitors to China can now spend up to $2,000 a year using the mobile app Alipay without having to register their ID, the app operator said Friday.

Meta Platforms for allegedly failing to protect some users of online marketplaces operated by Facebook and Instagram against fraudulent transactions, news reports said on Friday. The Korea Fair Trade Commission (FTC) had investigated possible violations of the country's e-commerce law and had sent an examination report to Meta late last year, Yonhap news and the Dong-a Ilbo newspaper reported, citing unnamed sources.