Country Financial News

The notable trend of women amassing wealth and gaining prominence as investors is striking. Their wealth is presently experiencing a faster growth rate compared to men, and projections suggest it could reach 35% by 2025. This reflects an annual growth rate of 5.7%, surpassing the 5.2% growth rate observed for men.

It is common to think of US-China tensions as the inevitable result of stark differences between the two countries. The US has a fully capitalist market economy, whereas the Chinese government keeps a strong hand on the economic tiller. For all its faults, the US is a democracy, whereas China is a single-party regime that brooks no political challenge.

Icra. “Therefore, access to captive sources of raw materials can benefit steel makers in terms of both availability as well as better control on costs," he said.

India will likely retain its position as the fastest-growing large economy for the third successive year in 2024-25. Besides price stability, which has been achieved even under difficult global conditions, the post-covid fiscal rollback has been smooth because there were few cash giveaways. The upward adjustment of the monetary policy rate was done smoothly; it did not upset India’s growth momentum, unlike in the West, where higher policy rates are going against growth.

₹708.69 crore from ₹576.41 crore for the next two years to enhance natural rubber production and productivity as well as reduce import dependency in the years to come, a senior official said on Monday. Under the scheme, the Rubber Board provides subsidies for new planting and replanting (of senile plantations) to growers. According to commerce ministry additional secretary Amardeep Singh Bhatia, the funds will be used for supporting the plantation of rubber, generation of planting material, productivity enhancement, formation of rubber producers' societies, and rubber research and training.

MOSCOW (Reuters) -Russian President Vladimir Putin gave approval on Monday for HSBC to sell its Russian unit to privately-owned Expobank, paving the way for the British lender to extricate itself from the Russian market after months of negotiations.

Almost 30 years ago, Gail Bocknek turned on the evening news and watched dumbfounded as a man who had worked for her family for decades was identified as a Nazi war criminal.

Rahul Gandhi's Bharat Jodo Nyay Yatra, which started on January 14 from Thoubal in Manipur and will end on March 20 in Mumbai, spanning the country from east to west, was planned with the aim of pre-poll mobilisation of voters. It was expected to repeat the success of Bharat Jodo Yatra which had catapulted Rahul to the top of the news for a long period and positioned him as a leader who had the support of different sections in India. A large number of celebrities and politicians from different parties had joined Rahul to deliver the message that Rahul is a big leader who enjoys widespread support. However, the Nyay Yatra pales in comparison to the previous yatra. Rahul has been isolated as alliance members have been ditching the party during the yatra. How Bharat Jodo Yatra fared

Tamil Nadu government in its Budget has said it will incentivise the creation of high paying jobs in new GCCs by providing a payroll subsidy. The move is being lauded by industry watchers and experts as one that could potentially bolster Tamil Nadu to narrow the gap with other GCC hubs like Bengaluru and Hyderabad. «I see this to be a brilliant move to bring the spotlight back on Tamil Nadu which has the unique distinction of having deep technology and domain talent across industries such as manufacturing, automotive, financial services and healthcare,» Ramkumar Ramamoorthy, Partner at Catalincs, a growth advisory firm told ET.

₹24,000 crore, with ₹11,000 crore being the entitlement, but the Centre insisted on withdrawal of the suit for even considering this amount. He said while all states in India had been receiving ₹5,000 crore for power sector reforms, Kerala was denied this allocation due to the lawsuit. Sibal said Kerala was over-borrowing due to investments in education and health, but the state was penalized for its growth in human development indices.

The head of the World Trade Organization says the body remains relevant and its leaders focus on reform “no matter who comes into power” as Donald Trump — who as U.S. president bypassed WTO rules by slapping tariffs on America’s friends and foes alike ...

A missile attack by Yemen’s Houthi rebels damaged a Belize-flagged ship traveling through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden, forcing the crew to abandon the ship

Hundreds of tractors have blocked a lane in downtown Prague in a farmers protest over European Union agriculture policies and what they say are unfair practises

The Biden administration says that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont

A lot people think Google searches are getting worse

China’s foreign minister has told a gathering of international security policy officials that shutting China out of trade in the name of avoiding dependency would be a historic mistake

The former chairman of the Bank of China has been indicted on bribery charges, adding to a long list of business and government officials who have been brought down by Chinese leader Xi Jinping’s yearslong anticorruption drive

Trainee doctors in South Korea have begun resigning en masse in protest of a government plan to increase the number of medical students

Norway says it will transfer tax funds to the Palestinian Authority that have been frozen for months because of a dispute with Israel

Nigerians are facing one of the West African nation’s worst economic crises in years

Japan is hosting a conference for Japanese and Ukrainian officials to discuss reconstruction of Ukraine just ahead of the two-year anniversary of Russia’s invasion, while the U.S. and other Western countries are still focusing on military aid for the b...