Country Financial News

Widespread strikes in Greece halted trains, ferries and much of the capital’s public transport in protests timed to coincide with the first anniversary of the country’s deadliest rail crash, which killed 57 people

BARCELONA : India should beef up the quantum of its $10 billion financial incentive scheme to attract semiconductor fabrication majors, said Rahul Patel, Qualcomm Technologies’ group general manager for connectivity, broadband and networking. Patel believes India is competing against developed nations like the US, Europe, Japan, and China, who are offering incentives worth tens of billions of dollars. “India is competing against developed nations.

New York Post columnist Rikki Schlott on young professionals fleeing Democrat-run states and legacy admissions at Ivy League schools.

Immigration is helping fuel a surge in the consumer credit market, just as high interest rates and inflation push Canadians to take on a record amount of personal debt.

By Marcela Ayres and Christian Kraemer

NEW DELHI : New Delhi: India on Monday pressed for the revival of the World Trade Organization's (WTO) appellate body, which has remained defunct for over four years after the US refused to approve its members. At the WTO's ongoing 13th Ministerial Conference (MC13) in Abu Dhabi, India said this should be the top priority for any reform process of the multilateral trade body.

₹70,352 crore-media behemoth. As part of the transaction, the media undertaking of Viacom18 will be merged into Star India through a court-approved scheme of arrangement. Nita M Ambani will be the chairperson of the joint venture (JV) with Uday Shankar as Vice chairperson providing strategic guidance to the joint venture.

Investing.com -- U.S. stock futures tick down on Wednesday ahead of crucial economic data releases this week. Salesforce (NYSE:CRM) is expected to post record quarterly revenue, while analysts are eager to measure the success of an artificial intelligence push at the software group's data cloud division. Elon Musk says Tesla has finished the production design of its new Roadster, adding that the electric vehicle giant hopes to start shipping the car in 2025.

India's super rich have allocated 32 per cent of their wealth in residential properties in the country and overseas, Knight Frank said in a report on Wednesday. As per real estate consultant Knight Frank's The Wealth Report 2024, 32 per cent of India's Ultra-High-Net-Worth Individuals' (UHNWIs) wealth is allocated towards residential real estate asset class. Nearly 14 per cent of their residential portfolio is allocated outside India. UHNWIs are individuals with a net worth of USD 30 million and above.

Spotify has not seen any drastic change in revenue numbers or its user base in the country and is focused on striking a balance between its free and premium services, a senior executive of the music streaming platform said. “We always want to offer a great free service and will obviously keep calibrating because ultimately, we are also running a business here. So, we are going to calibrate between free and paid in such a way that we want to keep our free business growing and also keep our premium business growing,” Amarjit Singh Batra, managing director of Spotify India, said during a fireside chat at the India Digital Summit 2024 in Mumbai.

Global equity funds are those that invest in the stocks of foreign companies. These overseas funds could be the country funds that invest in the economy of a specific country like the US or the regional funds that invest in companies from a specific geographical region anywhere in the world. Furthermore, these funds can take the form of global sector funds, which invest in companies worldwide within a specific sector, or sector-agnostic funds, which offer geographical diversification by investing across various sectors. Top global funds are those that deliver higher returns within the international funds category. Here are the top global funds.

mining and mineral sector. Besides these, Annual Capacity Building Plan for Geological Survey of India (GSI) will be released during the event. First round of critical mineral bids was called in November 2023. This was made possible after an amendment to the Mines and Minerals (Development and Regulation) Act earlier this fiscal. The centre also notified 24 minerals as being Critical and Strategic for the country, demand for which are usually met by imports. Critical minerals cater to the needs of sectors like renewable energy, defence, agriculture, pharmaceutical, high-tech electronics, telecommunications, transport, and creation of gigafactories among others. The amendment allowed the centre to grant mineral concession and prioritise auction of these resources. The revenue generated from these auctions shall accrue to the State Governments. Subsequently, royalty rates of critical minerals were rationalized to encourage more participation in auctions.

Finance Minister Nirmala Sitharaman on Wednesday hailed Bengaluru tax payers for their contributions in building a strong and 'Viksit Bharat', and said the Department of Revenue is running its entire national faceless income tax assessment scheme from Karnataka's capital city. Speaking after laying the foundation stone for the upcoming complex «HONGIRANA» for Income Tax officers and staff here, she said the tax payers of Bengaluru have been absolutely giving us the buoyancy, and thanked all individual and corporate taxpayers in this region for making sure for building a strong and 'Viksit Bharat'. «Your contribution is relentless. There has never been a dip. So thank you very much Bengaluru for keeping that momentum up», she said. Sitharaman also emphasised the investments that the Central government is making in Bengaluru.

BENGALURU : Accenture Plc will acquire Mindcurv, German IT services and data analytics firm, to expand its commercial services globally, the US company said in a release. Accenture Song, the parent company’s digital agency, agreed to acquire the Essen-headquartered IT services company for an undisclosed amount. Mindcurv provides digital services to clients in the manufacturing, retail, consumer goods, life sciences and chemicals sectors, most of whom are based in Europe.

Also Read: As India expands its nuclear power capacity, these four companies are at forefront Among the group stocks, Adani Green Energy, the country's largest renewable energy (RE) company and the second-largest solar PV developer in the world, stood out as an outlier as it rallied significantly over the last three-month period. During this period, the shares have grown from ₹1,052 apiece to the current trading price of ₹1,918, resulting in a massive gain of 82%, and they soared 295% in the last one-year period, while over the last five-year period, the shares delivered a staggering return of 5720%. Also Read: Adani Power to Adani Ports: Why Adani group shares are rising today? On February 14, the company announced that 551 MW of solar capacity in Khavda, Gujarat, had become operational and started supplying power to the national grid.

Financial Times claimed to have access to these "secret" military files through "Western sources". It reveals the criteria set by Russia for the use of nuclear weapons. These files "date back 10 years and more [between 2008 and 2014]".

JK Cement share price that has risen 56 % in last one year and is trading near 52-week highs seen recently. Strong cement demand in the country has been driving investor confidence on cement stocks. The expansions being carried out by JK Cement have further helped improve sentiments.

The more you look at the Canada Revenue Agency’s case against Toronto Maple Leafs captain John Tavares, the more concern it raises.

Asked how he went bankrupt, a character in Ernest Hemingway’s The Sun Also Rises answers, “Two ways. Gradually and then suddenly.” He was talking about how financial collapse happens but he was also foretelling Canada’s economic future if Steven Guilbeault, minister of environment and climate change, continues to foist his destructive lunacy on Canadians. Not only does his environmental extremism impoverish us, it undermines our democratic freedoms.

The Economic Times. Except the US, most WTO members have backed India's proposal. A cost reduction can not only increase the inflow of remittance to developing countries like India, but also create vantage for the country's Unified Payments Interface (UPI) for global penetration, economists told Livemint, while speaking on its impact on the Indian economy.

Lilly expects to launch Mounjaro, its blockbuster diabetes drug and a wildly popular obesity treatment, in India as early as next year, CEO David Ricks told Reuters on Wednesday. The market opportunity is huge in the world's most populous country, which has high obesity rates, especially among women, and the second-highest number of people with type-2 diabetes globally. Indian drugmakers are making their own versions of such drugs, while illegal versions are also sold online. «We're open to any way to reach more patients as long as it makes sense for the company and we can supply the market,» Ricks said when asked if Lilly was open to authorised generic versions of drugs containing tirzepatide, the active ingredient in popular diabetes and weight-loss drugs.