Country Financial News
26.02 / 11:53
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Berkshire shares gain as 'built to last' conglomerate posts record profit
(Reuters) — Berkshire Hathaway (NYSE:BRKa) class B shares gained 5% before the bell on Monday after the $900-billion conglomerate posted its second straight record annual profit and its chairman Warren Buffett reassured investors that it was 'built to last'.
26.02 / 11:35
26.02 / 10:51
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As India expands its nuclear power capacity, Reliance, Tata Power, Adani Power, Vedanta are at the forefront
Also Read: Best renewable energy stock: KP Energy vs Inox Wind The installed electricity generating capacity in the country at present is 417 GW, comprising 179 GW from non-fossil fuel sources, which is about 43% of the total installed electricity generating capacity, according to the Ministry of Power. The country has set an ambitious goal of installing 500 GW of non-fossil fuel capacity by 2030, achieving net-zero emissions by 2070, and meeting 50% of its electricity needs from renewable energy sources by 2030, marking a momentous milestone in the global effort against climate change. Currently, the country holds the 4th position globally for installed renewable energy capacity, including large hydro.
26.02 / 10:51
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Relationships
How scared is China of Donald Trump’s return?
American tariffs of over 60% on Chinese imports? “Add even more," rages one online commentator in the mainland. “I’d be curious to see how ordinary Americans would live." Others think Mr Trump would increase the odds of a war. The world will “never be at peace" with him around, reckons another netizen.
26.02 / 10:51
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Moscow will give ‘symmetrical' response, says minister Anton Siluanov as call to seize frozen Russian assets gets louder
RIA Novosti news service published on Monday. RIA reported that Siluanov’s answer was in response to a question on Russia’s frozen foreign reserves. The group of seven (G-7) nations should be “bolder" in seizing frozen Russian assets, UK Prime Minister Rishi Sunak said in an article published on Sunday.
26.02 / 10:51
UPS
Fighting
security
country
travelers
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Mint Explainer: How Indian volunteers ended up fighting for Russia
A few Indians caught in the Russia-Ukraine conflict have sent desperate pleas back home asking to be rescued, saying the Russian military had hired them as helpers but coerced into fighting in the war. Out of roughly 100 Indians hired by the Russian military, at least one has been killed in battle. The Indian government is scrambling to secure the discharge of these individuals.
26.02 / 09:41
COST
UPS
Manufacturing
Apple
country
electronic
International
India chip strategy makes progress with $21 billion in proposals
chips race, now has to evaluate $21 billion of semiconductor proposals and divvy up taxpayer support between foreign chipmakers, local champions or some combination of the two. Israel’s Tower Semiconductor Ltd. is proposing a $9 billion plant, while India’s Tata Group has put forward an $8 billion chip fabrication unit, people familiar matter said. Both projects would be in Prime Minister Narendra Modi’s home state of Gujarat, the people said, declining to be named as the matter is not public. Semiconductors have grown into a key geopolitical battleground, with the US, Japan and China investing heavily in developing domestic capabilities. Modi’s push to turn India into a global manufacturing hub also includes luring international chipmakers to the country — a bid to catch up in the sector to save money on expensive imports and enhance a growing smartphone assembly industry.
26.02 / 09:41
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EC ropes in banks, post offices to spread voter awareness ahead of Lok Sabha polls
Election Commission on Monday roped in banks and post offices to spread voter awareness as part of its efforts to increase voting percentage in the upcoming Lok Sabha polls. The poll panel has often expressed concern over urban and youth apathy with many registered voters not turning up at the polling stations to cast ballot in the previous elections. Over 30 crore of the 91 crore electors did not cast their ballot in the previous parliamentary polls. The Election Commission (EC) on Monday signed a memorandum of understanding (MoU) with two prominent organisations — the Indian Banks' Association (IBA) and the Department of Posts (DoP) — to amplify its voter outreach and awareness efforts ahead of the Lok Sabha elections.
26.02 / 09:41
Manufacturing
security
Remark
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country
Interviews
BrahMos missile now our primary weapon: Navy Chief after Rs 19,000 crore deal cleared by Center
Indian Navy Chief Admiral R Hari Kumar has declared that the BrahMos supersonic cruise missile will become the primary weapon of the Indian Navy, supplanting older missile systems acquired from other countries. In an interview with ANI, Admiral Kumar stated, «BrahMos will be our primary weapon now as the surface-to-surface missile weapon.» He also indicated that the Indian Air Force and its fighter aircraft might adopt BrahMos as their primary air-to-surface weapon. He praised BrahMos for its evolution in range, capabilities, and lethality, emphasizing that the missile is «a very potent missile.» Admiral Kumar highlighted the advantage of BrahMos being manufactured in India. He noted, «It is made in India, so we are not dependent on anybody else. It can be repaired, and spares are available.» This self-reliance, he added, is a significant advantage for the Indian Navy.
26.02 / 09:13
Citizens
Parke
community
Wildlife
country
reports
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IFS officer Prabin Lal Agarwal names lion pair ‘Akbar and Sita’, face suspension. Here's why
Akbar and Sita, respectively. As reported by Times of India, Agrawal, a 1994-batch IFS officer who was serving as Tripura's chief wildlife warden at the time, documented the names Akbar and Sita for the lion couple in the dispatch register before sending them to Siliguri.
26.02 / 09:13
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Tap Africa, EU for textile exports, says PM
NEW DELHI : Prime Minister Narendra Modi exhorted captains of India’s textiles industry to tap the export potential for their products in Africa and the European Union. This draws significance at a time when India is positioning itself as a global textiles sourcing destination by focusing on quality and sustainable manufacturing of apparel. In the first 10 months of the current fiscal year, India exported $27.69 billion worth textile products across the globe.
26.02 / 08:25
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Parke
Universities
country
hospital
patient
International
Seoul gives young doctors 4 days to end walkouts, threatening prosecutions or suspended licenses
The South Korean government is giving young doctors on strike four days to return to work
26.02 / 08:25
26.02 / 08:01
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Inside
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International
Balakot Airstrike Anniversary: When India took revenge for the Pulwama attack deep inside Pak
Balakot airstrike, a historic military operation conducted by the Indian Air Force (IAF) in response to the Pulwama terror attack. The Balakot airstrike, conducted on February 26, 2019, was a meticulously planned and executed operation that demonstrated India's unwavering commitment to national security. The codeword "Bandar Mara Gaya" was reportedly used to relay the success of the mission, signaling the elimination of a significant threat. Background and Context The operation was a response to the heinous Pulwama terror attack on February 14, 2019, where a suicide bomber affiliated with Jaish-e-Mohammed targeted a convoy of Indian paramilitary personnel, resulting in the loss of over 40 lives. In a swift and calculated move, the IAF struck the terror camps in Balakot, situated deep inside Pakistani territory, sending a strong message that India would not tolerate cross-border terrorism.
26.02 / 07:10
markets
COST
Digital
security
Trade
country
reports
Coalitions at WTO to help India push for open payment systems adoption, cut remittance cost: GTRI
Building coalitions with other WTO members will help India push for the adoption of open and interoperable payment systems like UPI with a view to cut the cost of money transfers or remittances, a report by think tank GTRI said on Monday. The dominance of a few large players in the market contributes to these high costs, through complex and opaque fee structures, the GTRI said.
26.02 / 07:10
markets
UPS
Citi
Parke
Metro
country
Good news for landlords! Net rental yield in India one of the highest in the world
The real estate market in India has been witnessing exponential boom over the last two years. With rentals skyrocketing, the sector has remained buoyant with property owners enjoying the lucrative appeal of their property investment. And it is interesting to note that the net rental yield in India is one of the highest in the world.
26.02 / 07:09
Waters
Volkswagen
Align
Sustainability
country
International
orienteering
Skoda Auto Volkswagen India’s warehouse gets platinum certification for green initiatives
Skoda Auto Volkswagen India, one of the leading automakers in the country, has received the Indian Green Building Council (IGBC) Platinum certification in the Indian Automotive Industry in the owner-occupied category.
26.02 / 07:09
security
Strategy
Align
country
information
Updates
Top reasons why accurate documentation is crucial while investing
Your investment voyage commences with the submission of your documents and making consistent payments. Occasionally, discrepancies in your documents can result in various issues. Although your investment may initiate smoothly, complications may arise when attempting to withdraw funds due to mismatched information. In such instances, your funds might be withheld, leaving you unable to access them when needed. Therefore, it’s crucial to maintain accurate documentation and ensure alignment with your investment details before embarking on any investment or purchasing financial products.
26.02 / 07:07
markets
UPS
PwC
country
reports
International
M&A deals in India drop 10% to 793 in 2023: PwC report
Disney, Reliance sign binding pact to merge media operations in India: Report "In 2023, India resiliently navigated global headwinds, solidifying its appeal to international investors. The economic fundamentals stay strong reflecting investors' enthusiasm for the country's expanding economic opportunities.
26.02 / 06:51
Provident
FIVE
Gap
Food
pandemic
country
reports
Mint Explainer: What the latest survey of household consumption spending reveals
₹3,773 a month on average as consumption expenditure in 2022-23 while her urban counterpart spent ₹6,459, the Ministry of Statistics and Programme Implementation’s (MOSPI’s) National Sample Survey Office (NSSO) estimated after a nationwide study of households’ spending patterns. Of this, consumers in rural India spent about 46% on food and those in urban areas about 39%. Other expenses include health, education, rent, clothing and conveyance.
26.02 / 06:45
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All India Muslim Jamaat chief appeals Muslims to not oppose PM Modi, says parties exploiting them in the name of secularism
All India Muslim Jamaat, Maulana Shahabuddin Razvin, has appealed to Muslims to not oppose Prime Minister Narendra Modi in the upcoming Lok Sabha elections. In a viral video, Maulana Mufti Shahabuddin Razvi Bareilvi can be seen saying that political situation is changing in the country and advised all Muslims in the country not to oppose the Prime Minister. He was speaking during a conference held in Ambikapur district of Chhattisgarh. Also hitting out at secular parties, Mufti Shahabuddin Razvi Bareilvi said that political parties claiming to be secular have only put the responsibility of opposing Prime Minister Narendra Modi on the shoulders of Muslims. This keeps Muslims always on the sidelines, while secular parties and their representatives benefit politically, he said in the video.
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