Country Financial News

MILAN is an India-hosted biennial multi-national naval exercise that originated in 1995. The exercise aims to enhance cooperation and interoperability among the navies of diverse participating countries.

UFC fight night is all set to take place on Saturday at Apex facility in Las Vegas. The main UFC fight card is scheduled to commence from 4 pm (ET). The event can be watched on ESPN+. The big fight of the night will be between Shamil Gaziev and Jairzinho Rozenstruik. Vitor Petrino will take on Tyson Pedro. Alex Perez will fight Muhammad Mokaev.

Canadians have been experiencing a “wild” winter, from temperatures in the mid-teens in parts of the country around the new year, to deep freezes as recent as Thursday in southern Ontario. It’s safe to say people are hoping for a calmer spring.

The World Trade Organization made some progress overnight toward agreements on measures to broaden global trade, with a final deal on agriculture subsidies, overfishing and tariff-free e-commerce hinging on major economies’ willingness to make last-minute concessions, people familiar with the talks said.

₹7 crore) produced by the Indian Farmers Fertiliser Cooperative (IFFCO) were sold from August 2021 to February 2024, the minister said. Nano urea is a liquid form of the fertiliser for which IFFCO owns the patent. Though the cooperative claims that nano urea increases the availability of nitrogen to crops by 80% and reduces the loss of nutrients from fields, these claims have been disputed by several scientists.

hot weather season (March to May (MAM)), above-normal maximum temperatures are most likely over most parts of the country, except over some isolated areas of Northwest, Northeast, Central and Peninsular India where normal to below-normal maximum temperatures are most likely," a press release by the IMD read. The weather department said monthly maximum temperatures for March 2024 are most likely to be above normal over most areas of Peninsula, Northeast and West Central India and many areas of North West India.

NMDC on Friday posted around 13 per cent jump in iron ore production to 40.24 million tonne during the April-February period of the 2023-24 fiscal. Its cumulative production was 35.62 MT in the year-ago period, the steel PSU said in an exchange filing. However, the company's production in February fell 12 per cent to 3.92 MT as against 4.48 MT in the same month last year. The cumulative sales in April-February this fiscal was 40.48 MT, up 21 per cent from 33.42 MT in the last financial year.

Lok Sabha elections that the country will undergo soon, the Election Commission of India (ECI) has released an advisory for the political parties, candidates and star campaigners where it warns them of stern action in case of direct or indirect violation of Model Code of Conduct which is expected to come into effect with the announcement of the Lok Sabha and four state assembly polls later this month. «The Election Commission will assess any indirect MCC violations as per advisory as a fair basis to rework the notices to be given in terms of time and content in issue in the forthcoming elections. For the general election to the Lok Sabha and four state Legislative assemblies, all phases and geographical areas of the elections shall be the basis for determining „repeat“ offences,» asserted the Commission in its advisory. Based on recent trends, EC has also urged parties to maintain decorum and utmost restraint, raise level of election campaign to issue-based debate.

Scaler Academy has reported a nearly fivefold increase in yearly operational revenue during a period in which it raised no external capital. The company said its operational revenue rose to Rs 316.7 crore in the financial year ended March 2023, from Rs 65.6 crore a year earlier.

By Robert Harvey

foreign exchange reserves surged by of $2.98 billion to $619.07 billion for the week ending on February 23, latest data by the Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves dropped by $1.13 billion to $616.1 billion, for the week ended on February 16, 2024. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) increased by $2.41 billion to $548.19 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

consumption of traditional urea in India has declined from 357 lakh tonnes in financial year 2023 to estimated 327 lakh tonnes in FY 24 due to the introduction of nano urea, said fertilizer minister Mansukh Mandaviya on Friday. The country has reduced the consumption of traditional urea by 25 lakh tonnes, the minister said, without revealing the savings in subsidy on this account. With this the government intends to reduce the import of traditional urea becoming self reliant, he said, adding that the balance use of fertilizers will help on improving the quality of soil.

FOX Business’ Kelly O’Grady provides analysis of the U.S.’s inflation data as the Federal Reserve continues to grapple with a smooth economic recovery.

BJP on Friday described the UPA's 10 years as the «lost decade of corruption and cronyism» and said Prime Minister Narendra Modi's «politics of performance» has made India the world's fastest-growing economy. The UPA government left behind a «devastated» economy and Prime Minister Modi «rebuilt» it in five years, senior BJP leader and Union minister Rajeev Chandrasekhar said at a press conference at the party headquarters here. Prime Minister Modi's two consecutive terms have seen «tremendous structural changes» in the country, he said. «The most defining changes have been Prime Minister Narendra Modi's politics of performance, his ability to transform and execute it at an unprecedented scale and depth, solve problems that remained unsolved for decades and change the narrative about India,» he said.

TMC government in West Bengal over atrocities on women in Sandeshkhali, and said the entire country is reeling with anger over the issue… Modi also slammed the opposition bloc INDIA for maintaining a stoic silence on the issue of Sandeshkhali horrors… «Amid achievements, the entire country is watching the situation of Bengal today. The whole country is sad and angry after seeing what TMC, which beats the drum of Maa, Mati, and Manush, has done to the sisters of Sandeshkhali… »What TMC has done to the sisters of Sandeshkhali is a matter of shame," he said at a rally at Arambagh in Hooghly district.

₹2000 banknotes in circulation as on May 19 last year have already been returned, said the Reserve Bank of India (RBI) in an announcement made on Friday. Besides, the total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the time of withdrawal in May last year, has now fallen to ₹8,470 crore on February 29, 2024, the announcement further states. For the unversed, the banking regulator had announced the withdrawal of ₹2000 denomination banknotes from circulation on May 19, 2023.

Canada's immigration minister says his country is reimposing the visa requirements on Mexican nationals visiting Canada

Aid groups are appealing to the European Union to release tens of millions of euros in funding due to the main U.N. agency that helps most people in Gaza

Inflation just keeps dropping in Europe

Data from Brazil's space agency says the state of Roraima in the Amazon rainforest has been hit with more than 2,000 fires in recent weeks

Colombia’s President Gustavo Petro says his government is suspending purchases of weapons from Israel after Palestinians say Israeli troops fired at people seeking food in Gaza