Country Financial News

16.02 / 02:25

Provident Mobile Trade country voice reports Schools Bharat Bandh today: Farmers to participate in 'chakka jam'; next round of talks on 18 Feb. 10 points

PTI has reported. The next round of the talks is set to take place on Sunday i.e. on 18 February.

16.02 / 02:25

Target country social reports peace International Israel rejects international recognition of Palestinian state, cites, ‘would offer enormous reward to terrorism’

United States, Israel's main ally, was working with several Arab countries on a comprehensive plan for long-term peace between Israel and the Palestinians. The plan included a firm timeline for the establishment of a Palestinian state, the newspaper reported.

16.02 / 01:23

Google security Yellow Celebrity country gatherings Sporting independence day Google Doodle celebrates Lithuania Independence Day 2024. Check history, significance, and more

Google Doodle on Friday commemorated Lithuania’s two Independence Days: the Restoration of the State Day. According to the description, on February 16, 1918, the Council of Lithuania ratified the Act of Independence, signalling the end of Soviet domination. This day holds significance as Lithuanians pay tribute to the individuals who fought and endured hardships to secure their country's sovereignty.

16.02 / 01:23

UPS Cooper Research country innovations recommendations Innovation fund likely for co-op lenders to foster farm entrepreneurs

New Delhi: A committee charged with drafting a new national cooperation policy has recommended that a national innovation fund be set up to encourage entrepreneurship in primary agricultural credit societies (PACs), a member of the committee said. No specific size or outlay for the fund has been recommended; the ministry of cooperation will take a call on the size, the member added, requesting not to be named.

16.02 / 01:23

UPS show country reports Data recap: Inflation, tax mop-up, India-UAE ties

6.5%: That's the unemployment rate in urban areas in the December 2023 quarter, data released by the ministry of statistics and programme implementation (MoSPI) showed. In the same period last year, India's unemployment rate was 7.2%. The Periodic Labour Force Survey showed that the urban labour force participation rate—or the share of individuals in the labour force—rose to 49.9% from 48.2% a year ago.

16.02 / 01:15

markets Digital economy country reports testing Schools Rackspace Technology aims to double revenue growth in India as AI adoption increases

Rackspace Technology, is looking to double its revenue growth in India in the next two years as more local firms adopt artificial intelligence and the demand for private cloud booms in Asia’s third-biggest economy. The Texas-based company will also look to establish a data centre in the country in the next year or two for its private cloud services, its chief executive said, adding to the data centres it operates and manages at 34 locations worldwide.

15.02 / 23:05

markets Reuters Manufacturing economy pandemic show country Rate Cut US dollar retreats as slew of data keeps rate cut expectations in June intact

By Gertrude Chavez-Dreyfuss

15.02 / 19:33

Assurant country reports strain Updates Relationships fencing Here’s how Meghan Markle reacted to King Charles Cancer diagnosis

Duchess of Sussex, Meghan Markle, is hesitant to return to the UK despite the recent health issues facing King Charles. Markle, known for her tumultuous experiences in the country, is reportedly opposed to revisiting what she perceives as traumatic memories, even if it means differing with her husband, Prince Harry, on efforts to reconcile with the royal family.

15.02 / 19:04

UPS Provident Gap country BSNL pan-India 4G launch pushed to Dec, employees’ union seeks Vi network usage

₹15,000 crore for installing 4G sites across the country by BSNL in May last year. The consortium includes telecom gear maker Tejas Networks, which was majority acquired by the Tata Group in 2021 and government-backed C-DoT, which will provide the required radio sites, equipment and technology for the large scale 4G deployments. “We learn that the 4G equipment of the TCS have not completed the field trials till today.

15.02 / 19:03

markets Citi wellness country testing Interviews Profiles From DLF to Lodha and Godrej, builders are testing new cities

Top developers are entering new markets for residential projects, as rising urbanization and an expanding middle class fuel a housing boom. Developers are exploring opportunities particularly in cities such as Hyderabad, Pune, Bengaluru and Gurugram that have seen high sales. Mumbai-based Godrej Properties Ltd this week acquired 12.5 acres in Hyderabad’s Rajendra Nagar locality to develop a premium residential project, marking its entry into the city.

15.02 / 19:02

security Sustainability Food Trade President country International Brazil G20 presidency to take India’s food security agenda forward

New Delhi: Brazil’s presidency of G20 is expected to take forward the New Delhi G20 declaration on food security by promoting sustainable agriculture through low-carbon agricultural and fair trade, a Brazilian diplomat said, a development focus that started with last year’s summit in India. The Brazilian move comes against the backdrop of left-wing leader Luis Inacio Lula da Silva’s election as president for the second term last January.

15.02 / 18:09

Waves WhatsApp community country Inside rights International Venezuela orders UN office on human rights to close and its staff to leave in 3 days

Venezuela's government on Thursday ordered the local U.N. office on human rights to suspend operations and gave its staff 72 hours to leave, accusing the office of promoting opposition to the South American country. Foreign Affairs Minister Yvan Gil announced the decision at a news conference in Caracas, the capital. Gil's announcement came on the heels of the detention of human rights attorney Rocio San Miguel, which set off a wave of criticism inside and outside the South American country. Gil said the office has been used by the international community «to maintain a discourse» against Venezuela.

15.02 / 18:09

band country social singer hospital Department Investigations Alex Miller of American Idol - Season 19 embroiled in deadly car accident in Kentucky

Alex Miller is sharing about his commiseration with a deadly car accident's victim where he was the passenger. Alex Miller, who is the Country singer was not driving any of the vehicles which were involved in the accident post the return from a holiday on Tuesday.

15.02 / 17:20

UPS Citi Micron country electronic travelers 'Semiconductor packaging unit in Assam’

₹25,000 crore semiconductor packaging plant which will be established in partnership with the Assam government and Tata Group, minister of state for electronics and IT Rajeev Chandrasekhar said at the Future Skills Summit in Guwahati, on Thursday. “A semiconductor packaging plant will be established in partnership with the Assam government and Tata Group. We will soon obtain all approvals and submit it to the cabinet for final approval.

15.02 / 17:08

IPO Provident Platform security Enterprise country reports Funding into Karnataka-based tech startups plummets by 72%. Here's what investors are looking for

unicorn companies in the country, according to a report published by Tracxn, a data intelligence platform. The Tracxn Geo Annual report stated that Karnataka's tech startup ecosystem received a total funding of $3.4 billion in 2023, which is a 72% plunge from the $12.2 billion raised in 2021, and an 83% decline from the $20.4 billion raised in 2021.

15.02 / 17:08

markets Aviat Trade country reports Department International Government marginally raises windfall tax on domestic crude oil

₹3,300 per tonne and has also reintroduced a ₹1.5 per litre special additional excise duty (SAED) on the export of diesel. For the past two weeks, the SAED on the sale of locally produced crude oil stood at ₹3,200. The duty on the export of diesel was at zero since 1 January.

15.02 / 16:35

Progressive poverty show country cover social inequality No social protection for 1.4 billion children globally: ILO

ILO) said on Thursday. As per the data released by ILO, Save the Children and UNICEF, in low-income countries fewer than 1-in-10 children have access to child benefits, highlighting a significant disparity compared to the coverage enjoyed by children in high-income countries.

15.02 / 16:35

security WhatsApp country reports Resource constrains to restrict credit growth: Report

If credit and deposit growth rates remain steady, a period of deposit competition looms, squeezing bank margins to 2.9% from 3%, it said. “ Private-sector banks are likely to bear the brunt of the situation, as they are already operating at much higher LDRs," said S&P Global Ratings credit analyst Deepali V Seth Chhabria. «Adding to the stresses on the private-sector banks, the lenders are growing at a much faster pace than the public-sector banks.» Indian banks' credit deposit ratio reached a two-decade high of 80% in December 2023. While the credit growth is 1.5 times the nominal GDP, deposits are rising only in line with the nominal GDP.

15.02 / 14:59

Citi Enterprise Research trends Diversity country Features Table Space Technologies leased over one lakh square feet in the Cafe Coffee Day Square Property in Bengaluru

Table Space Technologies has leased over one lakh square feet in the Cafe Coffee Day Square Property in Bengaluru, which had served as the erstwhile corporate headquarter of the company and its flagship store. The lease term is 60 months with a lock-in period and commands a rental of Rs 175 per square foot with a 10% escalation every two years, as per the lease registry document shared by Propstack, a data analytics firm. The Cafe Coffee Day Square at Bengaluru’s premium Vittal Mallya Road has a total built-up area of over 100,000 sq ft, and each floor measures approximately 9,000 sq. ft, said the document.

15.02 / 14:59

markets UPS Provident Aviat Manufacturing country testing What will it take for India's drone industry to fly higher?

“(PLI scheme for) drones is a small scheme. The companies were happy with the way the scheme is being implemented. Their only ask was to expand the scheme. The industry is looking for a second opportunity for more players to apply and to increase the outlay. In this sector, almost all the beneficiaries are startups and micro, small and medium enterprises,” Pawan Goenka, the chairperson of the Steering Committee for Advancing Local value-add and Exports (SCALE), has told ET. The annual sales turnover of the Indian drone manufacturing industry may grow from approximately Rs 60 crore in 2020-21 to approximately Rs 900 crore by 2024-25, said Minister of State of Civil Aviation Gen. VK Singh (Retd.).

15.02 / 14:59

Citi Aware wellness trends students Universities country Women from hinterlands seek foreign degrees

Young women in India’s small towns and hinterlands are increasingly aspiring for a foreign degree. This is evident in the surging demand for educational loans as well as applications to international universities. As of December-end, women comprised nearly 45% of the students who availed educational loans from non-metro cities by education loan provider Avanse Financial Services. “We have observed a consistent growth in the number of female students applying for education financing to study abroad from tier II, III and beyond cities,” said Amit Gainda, managing director and CEO at Avanse Financial Services. The number has been rising post-pandemic from 34% in FY21 to 38-40% in FY22 and FY23.

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