Country Financial News

17.02 / 11:11
markets UPS IPO Manufacturing Fastenal country Gala Precision Engineering IPO: Precision component manufacturer files draft paper with SEBI
The Mumbai-based precision component manufacturer of technical springs will launch its public offer which will be a mix of issue of fresh equity shares and an offer for sale (OFS).
17.02 / 10:33
WhatsApp country reports rights BJP winning 370 seats will be true tribute to Syama Prasad Mookerjee: PM Modi
Lok Sabha poll campaign around its pro-poor work and the country's development and enhanced standing globally, asserting that winning 370 seats will be a true tribute to its key ideologue Syama Prasad Mookerjee. Mookerjee was a strident opponent of Article 370, which granted Jammu and Kashmir special rights. The Modi government scrapped the article in August 2019. Addressing a meeting of the BJP's national office-bearers ahead of the start of the party's convention, he said every booth worker should now focus on polling booths and ensure at least 370 more votes for the party at each in the upcoming polls than in 2019. Briefing reporters on Modi's speech, BJP General Secretary Vinod Tawde said the prime minister told the meeting that the opposition will raise «unnecessary and emotional issues» during the polls but party members should stick to the issues of development, pro-poor policies and the country's rising global standing.
17.02 / 10:33
UPS President RAI show country information Raebareli Lok Sabha seat will remain with Gandhi family: UP Congress chief Ajay Rai
Congress president Ajay Rai on Saturday said that the Raebareli Lok Sabha seat «will remain with Gandhi family.» During an interaction with the media, the state president said, «The people of Raebareli have deep connections with the Gandhi family going across generations. The seat is of the Gandhi family and will remain with the Gandhi family.» When asked about who from the Gandhi family will contest from there, Rai said, «This definitely will be decided by them (Gandhi family).» Former Congress president Sonia Gandhi, who had represented the seat since 2004, on Thursday informed voters of Rae Bareli that she will not contest the upcoming Lok Sabha polls due to health and age issues.
17.02 / 09:55
Career country beautiful social reports Relationships Kamal Nath's son Nakul drops Congress from bio amidst rumours about joining BJP
Nakul Nath, son of former Madhya Pradesh Chief Minister Kamal Nath, has removed reference to the Congress party from his social media bio. This comes just a day after the Madhya Pradesh BJP chief publicly stated that some Congress leaders are unhappy with the party's decisions. Reports of Kamal and his son Lok Sabha MP Nakul Nath flying down to Delhi on Saturday resulted in speculation that the veteran Congress leader could switch sides to the BJP. Meanwhile, party veteran and Rajya Sabha MP Digvijaya Singh sought to play down the reports saying that he had spoken to Nath on Friday night and he was in Chhindwara.
17.02 / 09:55
MET Tapestry film shooting country travelers Sajid Nadiadwala meets Thailand Prime Minister Srettha Thavisin, discusses cinematic collaboration
Sajid Nadiadwala recently met Thailand's Prime Minister Srettha Thavisin to discuss film production collaborations, cultural exchange, and government support for Indian creators and shooting in Thailand. The conversation focused on developing a bridge between the two countries' film industry. Nadiadwala, who is known for 'Baaghi', 'Baaghi 2', 'Housefull 2', among others, expressed his desire to bring more Indian film projects to Thai shores. Recognizing the reciprocal benefits, Prime Minister Thavisin warmly welcomed Indian filmmakers. The meeting was also an opportunity for cultural exchange, with Nadiadwala giving Prime Minister Thavisin a pashmina shawl and a peacock brooch, both symbols of India's rich cultural tapestry.
17.02 / 09:03
Election country voice hospital Department medicines AAP being attacked as it is BJP's biggest challenger, says Delhi CM; Houses passes confidence motion
AAP is the biggest challenger to the BJP and that is why it is under attack from all sides, Delhi Chief Minister Arvind Kejriwal said on Saturday during a discussion on the motion of confidence he moved in the Budget session of the assembly. Speaking on the motion of confidence, Kejriwal asserted that even if the BJP wins this year's Lok Sabha polls, the AAP will «liberate» the country from the saffron party in the 2029 elections. The Delhi chief minister, who is also the AAP convenor, said his government has a majority in the House but it needed to bring the motion of confidence because the BJP was trying to poach party MLAs and topple his government. The House later passed the motion of confidence through a voice vote, with 54 of the AAP's 62 MLAs present during the voting.
17.02 / 09:03
Citi security Election country reports Prohibitory orders imposed in Islamabad as Imran Khan's party begins protests against polls rigging
prohibitory orders here in Pakistan's capital as jailed former prime minister Imran Khan's party began nationwide protests against alleged rigging and stealing of its mandate in the recent elections. Criticising the outcome of the polls, which saw the Pakistan Tehreek-e-Insaf party-backed independent candidates emerging as the largest group by winning over 90 National Assembly seats, the PTI announced holding countrywide «peaceful protests» against what it termed «record-high rigging». The protests began with a march in Wana in South Waziristan of the Khyber Pakhtunkhwa province.
17.02 / 08:57
economy War country reports Nawaz Sharif says ‘difficult to deal with Zardaris’, likely to call off PML-N, PPP coalition. Who is next Pakistan PM?
Nawaz Sharif and Shehbaz Sharif are unlikely to form a coalition with the Pakistan Peoples Party (PPP) citing that ‘it is not an appropriate form of government’ and also ‘it is not easy to deal with the Zardaris on a day-to-day basis’. Last week, PML-N announced an alliance with PPP and four other parties and nominated Shehbaz for the PM post in a surprise move. Soon after that, Shehbaz said, “Today we have united to tell the nation that we all accept the split mandate.
17.02 / 08:15
COST economy Experts country reports recommendations Composite licence for insurers can be a game-changer
A parliamentary panel has suggested introducing a composite licence for insurance companies which will enable them to offer both life and non-life insurance products. Saikat Neogi explains how it will give insurers economies of scale and benefit customers at the same time
17.02 / 08:11
Platform security Election TikTok wellness country reports Americans divided on TikTok ban even as Biden campaign joins the app, AP-NORC poll shows
President Joe Biden’s campaign is embracing TikTok to court younger voters ahead of the presidential elections, but U.S. adults have mixed views about whether the video-sharing app should even operate in the country
17.02 / 07:11
markets economy trends performer track country social Your Questions Answered: I want to invest in infra funds. Can you tell me about these mutual funds?
Jacob Anthony, New Delhi Sectoral mutual funds are equity funds that invest in a specific sector of the economy, such as banking, IT, pharma, infrastructure, etc. These funds aim to benefit from the growth potential and opportunities of the chosen sector. However, they also carry a higher risk as they are exposed to the fluctuations and challenges of that sector.
17.02 / 07:11
UPS Election Bill President country BJP national council meet underway in Delhi : 5 things to know
Bharatiya Janata Party (BJP) is being held at Bharat Mandapam in New Delhi on February 17-18. The meeting, expected to see 11,500 BJP delegates in attendance from across the country will be inaugurated with the address by party's national president JP Nadda in the afternoon. Prime Minister Narendra Modi is scheduled to address the valedictory session of the meeting on February 18 as the BJP is all set to outline its campaign themes ahead of Lok Sabha elections scheduled in April-May.
17.02 / 06:13
Target economy Election President country Courts BJP's two-day national council meeting begins today
Narendra Modi gets set to outline its campaign themes for the upcoming Lok Sabha elections. From its elected panchayat heads to district presidents and Union ministers, the BJP's 'national council' meeting is going to be the ruling party's biggest organisational get-together in recent memory — an exercise aimed at galvanising its cadre for the polls. The meet — scheduled to start in the afternoon — will be preceded by a meeting of the party's national office-bearers, who will finalise some of the key agenda items for the convention. BJP chief JP Nadda will inaugurate the meeting and Modi will on Sunday deliver the valedictory address, a speech that is likely to draw the broader contours of the party's campaign and exhort its members to go all out to achieve his target for the party to win 370 seats in the elections.
17.02 / 04:05
Provident Experts country reports Pakistan downgraded to "authoritarian regime", records greatest deterioration in Asia, Australia: Report
Pakistan becomes the only Asian country to be downgraded to an «authoritarian regime», registering the greatest deterioration of any country in the region classified as "Australia and Asia", according to the Economist Intelligence Unit's (EIU) Democracy Index 2023 report. It has been reclassified from a "hybrid regime" to an «authoritarian regime», Geo News reported, citing the report.
17.02 / 04:05
UPS Provident security President Experts country What the civil fraud ruling means for Trump's finances and his empire
Donald Trump lost his civil fraud trial Friday, as a judge found him liable for violating state laws and penalized him nearly $355 million plus interest. In total, Trump is expected to have to pay more than $450 million. The judge, Arthur Engoron, did not stop there. Along with other punishments, he barred the former president from leading any company in the state, including portions of Trump's family business, for three years. In doing so, he granted requests from the New York attorney general, who brought the case, accusing Trump of violating state laws by inflating his net worth in documents submitted to lenders.
17.02 / 01:13
markets Manufacturing Mobile Xiaomi stage country Investigations China's BBK connects with Indian companies for phone production
Oppo, Vivo and Realme smartphones in partnership with Indian manufacturers Dixon Technologies and Karbonn Group, said people with knowledge of the matter. This is partly owing to pressure from the government to get local partners and benefit from the production-linked incentive (PLI) scheme for phone manufacturing, they said. The move comes despite Oppo and Vivo having a large smartphone plant each in India. These make the entire range of BBK Group brands, such as Oppo, Vivo, Realme, OnePlus and iQoo. Industry executives said Chinese smartphone companies are cautious about directly investing in their own plants for capacity expansion after increased scrutiny in the last few years, ranging from alleged customs duty and income tax evasion to money laundering. The ir bank accounts had also been frozen, forcing them to take legal recourse to ensure business continuity. Investigations are ongoing. Chinese companies came under pressure in India following the escalation in border tensions a few years ago.
17.02 / 01:03
Remark Death President country voice reports Alexei Navalny death: ‘Putin is responsible’, Joe Biden ‘outraged’ over Kremlin critic's reported demise | Top 10 points
Alexei Navalny while blaming President Vladimir Putin for the same. Navanly was Putin's most formidable domestic opponent. He fell unconscious and died on February 16.
16.02 / 19:55
UPS economy Election Trade country information Relationships Australian Australian envoy says ties with India at historic high
Edited excerpts: So, first thing to say is we are at a historically high point and the bilateral relationship has never seen as much prospect and forward movement as we’ve right now. There are three underlying drivers that are driving this bilateral relationship. One, for the first time in our history, Australia and India have a very high level of strategic alignment.
16.02 / 19:41
Aware WhatsApp Highways country regulatory NHAI names 9 banks to facilitate payments at 247 toll stations amid Paytm Payments Bank regulatory clampdown
payments at the 247 toll stations where the 'acquirer' is Paytm Payments Bank, the entity that was barred from accepting deposits in a regulatory clampdown last month, people aware of the development said. Axis Bank, HDFC Bank, ICICI Bank, IDBI Bank, IDFC First Bank and Kotak Mahindra Bank are among the nine banks that have been authorised by Indian Highways Management Company Ltd-under National Highways Authority of India (NHAI)--and are being considered for rollover from Paytm Payments Bank, the people cited earlier told ET. The 247 toll plazas managed by Paytm Payments Bank account for about 14% of the country's daily national highway toll collection, which is ₹ 190 crore on average. Here an «acquirer» is a bank or financial institution that processes payments (FASTag) at the toll plazas on behalf of the issuing bank, and also routes them through the payment networks to the issuing bank. NHAI pays the acquirer bank at a toll station 0.13% of the daily collection as programme management fee.
16.02 / 19:41
COST Digital Sustainability Trade country International At WTO, India proposes lower cost of cross-border payments
World Trade Organization (WTO) to lower the cost of cross-border remittances for promoting international trade. In a submission made on Tuesday, New Delhi said one of the means to achieve cheaper, faster and more transparent and accessible cross-border payments including remittances is «promoting interoperability and interlinkages of digital payment infrastructures including fast payment systems». «Cost of remittance is an issue we have been raising. There is also a Sustainable Development Goal (SDG) on this,» said an official.
16.02 / 19:41
UPS Manufacturing WhatsApp Research country Destinations Steel, Cement, EVs: JSW goes big on Odisha
JSW Group is investing about ₹2 lakh crore in Odisha in steel, cement and electric vehicles among other businesses, aiming to establish one of India's largest industrial complexes by leveraging the state's abundance of natural resources such as iron ore. «Whenever and wherever JSW Group contemplates making investments, Odisha has always been the top destination in mind,» group chairman Sajjan Jindal told ET. «We have already invested ₹30,000 crore here so far and we are committed to invest an additional ₹1,65,000 crore.» Last week, the $23 billion JSW group signed an MoU with the Odisha government for an electric vehicle project. The company has a presence in steel manufacturing, power, cement and ports in the state.

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