Country Financial News

Unicommerce is expanding its overseas operations by onboarding more clients, a top official said on Tuesday. Unicommerce is already serving 46 clients in Singapore, the Philippines, Indonesia, the UAE, and Saudi Arabia and is now expanding these operations by adding more clients. Some of its clients in these markets include the UAE-based fashion brand Redtag, the Philippines-based kids' wear brand Edamama and the UAE-based logistics player RSA Global.

₹32,500 crore. The prime minister also launched or laid the foundation stone of projects worth ₹13,500 crore across the country. PM Modi was received at the Jammu airport by Lt Governor Manoj Sinha, Union Minister Jitendra Singh and prominent BJP leaders including J-K unit president Ravinder Raina.

Hungary's ruling Fidesz party proposed on Tuesday that parliament should vote to ratify Sweden's bid to join NATO on Feb. 26, a move that it would support. «Our group wishes to support» Sweden's NATO bid, the Fidesz party said in a document, asking the Speaker of parliament to include the vote in its agenda next Monday. Fidesz has a huge majority in parliament. Sweden applied to join NATO nearly two years ago, in a historic shift in policy prompted by Russia's full-scale invasion of Ukraine.

Andreas Brehme, who scored from the penalty spot to seal victory for West Germany against Argentina in the 1990 World Cup final, died overnight into Tuesday at the age of 63, his former club Bayern Munich said. «FC Bayern is deeply shocked by the sudden death of Andreas Brehme,» the club said in a statement. «We will always keep Andreas Brehme in our hearts. As a world champion and as a very special person.»

Investing.com-- The People’s Bank of China cut its five-year benchmark loan prime rate by a bigger-than-expected margin on Tuesday, loosening monetary conditions further in a bid to support a slowing economic recovery in the country. 

Investing.com -- U.S. stock futures inch lower on Tuesday, pointing to a negative opening for markets as investors return to their desks following the Presidents' Day holiday. Corporate earnings are set to be in the spotlight, with results due out from big-box retailers Walmart (NYSE:WMT) and Home Depot (NYSE:HD). Elsewhere, Capital One and Discover Financial agree to a merger worth more than $35 billion that would create a U.S. credit card titan.

Kaspersky on Tuesday said 34 per cent of users in India were targeted by local threats in 2023, and that its products detected and blocked 74.3 million local incidents. These statistics represent the malicious programmes found directly on users' computers or removable media connected to them (flash drives, camera memory cards, phones, external hard drives) or that initially made their way onto the computer in non-open form (that is, programmes in complex installers or encrypted files). According to the latest report of Kaspersky, 34 per cent of users in India were targeted by local threats in the year 2023.

Pakistan's debt situation, describing it as a "raging fire" that has become unsustainable, as per a Bloomberg report. This assessment is more severe than that of the International Monetary Fund (IMF), which had previously deemed the country's dues as "borderline" manageable, according to a 68-page report by Tabadlab.

Arunachal Pradesh keep prospering for years to come," he said. Arunachal Pradesh attained full statehood on February 20, 1987, with the Fifty-Third Amendment of the Indian Constitution, 1986, becoming the 25th state of the Indian Union. Since then, February 20 has been celebrated as Statehood Day of the Himalayan state.

Pathaan is back on a new mission! Shah Rukh Khan has reportedly signed the dotted line for a sequel to the 2023 blockbuster ‘Pathaan’. ‘Pathaan’ ended on a promising note, with a hint that King Khan will be back as the suave spy and lead a new team of agents to protect the country from terrorism. It looks like the makers are ready to deliver that promise!

Coal India share price corrected more than 4.0% in the intraday trades on Tuesday. The Coal India stock that has scaled 52-week highs of ₹487.75 on 16th February after having more than doubled from 52 week lows of ₹207.75 on MArch'2023, has given up some parts of the gains. The volume outlook for Coal India remains strong as was highlighted by the management during the recent investor presentation on 19th February.

₹32,000 crore. While addressing the gathering in Jammu, Modi commences address in Dogri, promising that no eligible citizen will miss out on benefits - assuring his commitment. He said, “The projects in Jammu and Kashmir will propel holistic development of the region." He stressed, “Modi will help you realise the dreams you had for 70 years." Moreover, the PM slammed the former government and said, “Government who are concerned about their families do not think of youths of the state." He further noted, "We will ensure JK is free of dynasty politics," adding, "The government will replace parivarvad with Vikas (development).

Assam Chief Minister Himanta Biswa Sarma and Union Minister of Sports & Youth Affairs Anurag Singh Thakur on Monday attended as Chief Guests the Opening Ceremony of the Khelo India University Games 2023 — Ashtalakshmi at a programme held at the Sarusajai Sports Complex in Guwahati. Speaking at the event, Himanta Biswa Sarma said it was a matter of great pride for the State and its residents for playing host to a sporting event of this magnitude. He said sports have the potential to foster unity among various groups of people and that they contribute greatly towards the idea of «Ek Bharat, Sresth Bharat». The Chief Minister added that sports promote national integration by making the sportspersons familiar with culture and tradition of regions other than their own.

CBSE Board Exam 2024: Class 10, 12 exams begins today amid farmers protest The education minister was speaking at an event in Chhattisgarh. The union minister on Monday launched the PM SHRI (Prime Minister Schools for Rising India) scheme in Chhattisgarh under which 211 schools of the state will be upgraded.

Godrej Consumer Products along with one of its wholly owned subsidiaries has entered into an agreement for divesting its entire stake in wholly owned subsidiary viz. Godrej East Africa Holdings Limited, Mauritius to HKG Africa Weave Ltd for $3.5 million. Upon the completion of the deal, Godrej East Africa Holdings along with its step down subsidiaries viz.

CarDekho, is one of the judges on Shark Tank India Season 3. He spoke exclusively to LiveMint’s Sounak Mukhopadhyay on his philosophy, strategy and mission to build Bharat 2.0. As a seasoned investor and entrepreneur, my eagerness to nurture young talent and innovators, along with propagating an entrepreneurial mindset across India, has always been paramount.

Capital One announced Monday that it would acquire Discover Financial Services in an all-stock transaction valued at $35.3 billion, a deal that would merge two of the largest credit card companies in the United States. «A space that is already dominated by a relatively small number of megaplayers is about to get a little smaller,» said Matt Schulz, chief credit analyst at LendingTree.

yen was pinned near a three-month low against the dollar on Tuesday as sticky U.S. inflation bolstered the case for higher-for-longer interest rates, contrasting with a recession in Japan and market doubts about a near-term exit from its easy policy. In Asia, China's loan prime rate (LPR) decision takes centre stage, where it is widely expected to trim its benchmark mortgage reference rate to shore up the country's faltering economic growth.

Indian equities that’s made them an investor favorite has run into headwinds that go beyond elevated valuations. Earnings misses, the attractiveness of rival markets amid expectations of a dovish policy shift by the Federal Reserve and a nascent recovery in Chinese equities are casting doubts over India extending a rally that saw the nation’s main gauges posting a record eighth straight year of gains in 2023.

rupee was the most stable emerging market currency in the past year amid global economic uncertainty. What are the factors that contributed to its relative stability? It is largely the narrowing current account deficit (CAD), besides robust economic fundamentals. Atmadip Ray explains how CAD influences the rupee movement and what are the consequences of a high deficit ratio. What is CAD? A country's current account is a calculation of the total value of goods and services imported and exported. If the value of goods and services imported exceeds the value of goods and services exported, then the current account turns into deficit mode. It considers the sum of trade balance and net income of companies from abroad. The current account deficit or surplus is expressed as a percentage of gross domestic product.

climate tax targeting tourists who flock to the Aloha State. If approved, the tax revenue would go towards safeguarding beaches and mitigating the risk of wildfires, providing vital support for environmental conservation efforts across the state, as per a report. Hawaii's proposal to implement a tourist tax aligns with similar measures taken by other popular destinations worldwide. Countries such as Greece, Italy's Venice, the Galapagos Islands in Ecuador, Palau, and New Zealand have all enacted similar fees aimed at tourists, with charges ranging from $1 to $100. This approach reflects a growing trend among tourist hotspots to address the environmental and infrastructural strains caused by large numbers of visitors, according to New York Post report.