Country Financial News

Global oil markets should remain “comfortable” this year as new supplies satisfy demand and keep prices in check, according to the International Energy Agency.

NEW DELHI : The Union government informed the Supreme Court on Tuesday that it is prepared to engage with the Kerala government on the limits the Centre imposed on the state’s borrowing powers. Senior advocate Kapil Sibal, appearing for the Kerala government, told the court that a state delegation would fly to New Delhi on Wednesday for a dialogue with the Centre.

farmers protest in the country, Rahul Gandhi on Tuesday announced that Congress will provide a legal guarantee of Minimum Support Price (MSP) to every farmer on crops as per the Swaminathan Commission. «Farmer brothers, today is a historic day! Congress has decided to give legal guarantee of MSP to every farmer on crops as per Swaminathan Commission. This step will change the lives of 15 crore farmer families by ensuring their prosperity. This is the first guarantee of Congress on the path of justice,» said the Congress leader in a post on social media platform 'X.'

Walmart has sourced goods worth over USD 30 billion from the Indian market in the last two decades for its global operations, a company official said on Tuesday. Now the Bentonville-headquartered firm has a goal to triple its sourcing of goods from India up to worth USD 10 billion per year by 2027, said Walmart Inc Executive Vice President, Sourcing Andrea Albright. Walmart is encouraging MSMEs (Micro, Small and Medium Enterprises) and entrepreneurs with proper training and believes that there is a tremendous opportunity to continue to contribute to India's growing economy, she said.

HSN codes for certain rice varieties to enable exports of those which are traditionally not consumed by the people in the country, a senior official said on Tuesday. At present, all categories of non-basmati white rice are banned for exports. According to a presentation of the Agricultural & Processed Food Products Export Development Authority (APEDA), they are working on separate HSN codes for GI (Geographical Indications) rice varieties like Red rice, Black rice and Kalanamak rice. In international trade parlance, every product is categorised under an HSN code (Harmonised System of Nomenclature). It helps in the systematic classification of goods across the globe.

suicide in Rajastan's Kota, the hub of coaching centers in India. The 16-year-old JEE aspirant took his own life late on Monday night in his hostel room. The boy's body was discovered by the hostel warden on Tuesday morning, who immediately alerted the police. The teenager has been identified as Shubh Choudhary, a resident of Chhattisgarh. He had been preparing for the JEE at a coaching institute in Kota and had been staying in a hostel room in the Jawahar Nagar police station area for the past two years.

government that will eventually emerge from it, foreign policy analysts said. Pakistan's two largest political parties have been wrangling over who will be prime minister after an inconclusive vote last week forced them to join forces and try to form a coalition in a parliament dominated by independents.

artificial intelligence rules ahead of a vote by the legislative assembly in April that will pave the way for the world's first legislation on the technology. Called the AI Act, the new rules aim to set the guardrails for a technology used in a broad swathe of industries, ranging from banking to cars to electronic products and airlines, as well as for security and police purposes.

minimum support price (MSP) for their produce. The government already provides MSP on agriculture produce but the farmers want a law that guarantees it. While there are several other demands too, such as implementation of the Swaminathan Committee report and a pension of Rs 10,000 per month for every farmer above 60 years of age, a legal guarantee for MSP is the chief demand. It was also part of nearly a dozen demands farmers had during the earlier protests against the farm laws. What is Minimum Support Price (MSP)?

Mamata Banerjee on Tuesday condemned the firing of tear gas shells at protesting farmers in Haryana, dubbing it as "BJP's brutal assault" on cultivators. The Haryana Police lobbed tear gas shells at farmers who tried to break barricades set up at the state's border with Punjab at Shambhu near Ambala, as growers demanding a law on minimum support price marched toward Delhi. «How can our country progress when the farmers are attacked with tear gas shells for fighting for their basic rights? I strongly condemn the brutal assault on our farmers by the BJP,» Banerjee said in a post on X. «Instead of suppressing their protest, BJP must focus on humbling their inflated egos, power-hungry ambitions, and inadequate governance that has harmed our nation,» she added.

SIDBI ET MSME Conclave is now set to enter Gujarat. The fifth session is scheduled to be held in Rajkot on February 15. The conclave is a series of events being held across the country with the aim to bring together micro, small & medium enterprises (MSMEs), policymakers and ecosystem enablers. To register for the Rajkot conclave, click here.

Insurance players need to underwrite disruptions to make the vision of 'insurance for all' a reality by 2047, regulator IRDAI's chief Debasish Panda said on Tuesday. The chairman of the Insurance Regulatory and Development Authority of India (IRDAI) also emphasised that the approach of 'one-size-fits-all' has become a thing of past due to the radical technology-driven changes taking place in the industry. It's time we retrieve our base, firm up our resolve and collectively underwrite disruptions in the insurance sector and make the vision of 'insurance for all' a reality by 2047. In this process, the role of the actuary becomes paramount. The disruptions in the insurance sector cannot happen without the support of actuaries, Panda said at the 23rd global conference of actuaries organized by the Institute of Actuaries of India here. «There is a need to come out of the traditional and conventional roles and embrace dynamism and agility and also there is a need to see the sector from a different lens,» he said, acknowledging the role of actuaries in designing the insurance products and drive the growth of the sector.

Digital payments company Visa on Tuesday named Shruti Gupta as vice-president and head of commercial and money movement solutions (CMS) for India and South Asia. In her new role, Gupta will head Visa’s business and corporate solutions including commercial solutions, integrated money movement and Visa government solutions, the company said in a statement. “I am delighted to welcome Shruti Gupta to the Visa family. With rich experience in the banking and finance domain, particularly in commercial solutions and strategy, Shruti adds a wealth of knowledge to our team. We are pleased to have her expertise reinforce our efforts in shaping the future of money movement in the market," said Sandeep Ghosh, group country manager, Visa India and South Asia.

₹10 lakh crore between FY20-FY23," explained the brokerage. It continues to remain ‘overweight’ on Industrials, Autos, Financials and Pharma and prefers ICICI Bank, Kotak Bank, Bajaj Auto, and Cipla in largecaps, and Delhivery, Equitas, AngelOne, Policy Bazaar, Exide, and Petronet in mid/smallcaps. The Indian equity market has consistently outperformed over the past decade as well as in the last one year.

By William Schomberg and Suban Abdulla

JSW Steel Ltd has announced the formation of a 50:50 joint venture with Japanese steel manufacturer JFE Steel Corporation to produce grain-oriented electrical steel in India. The new company will be named JSW JFE Electrical Steel Private Limited. It will have a manufacturing base in Karnataka and a planned investment of ₹5,500 crore, JSW said in a public disclosure on Tuesday.

Ex-Prime Minister Alexander Stubb has narrowly won Finland’s presidential election runoff on Sunday against former Foreign Minister Pekka Haavisto

The race for the Republican nomination got personal Saturday when Donald Trump questioned the absence of Nikki Haley’s husband on the campaign trail

Beyoncé is back with two new country tracks — “Texas Hold ‘Em” and “16 Carriages.”

Israel's finance minister has slammed a decision by the financial ratings agency Moody’s to downgrade Israel’s credit rating

Black smoke rose over Sweden’s second-largest city on Monday after a fire broke out at a water park under construction at one of the country’s biggest amusement centers