Country Financial News

Will Beijing bring out its big bazooka to rescue China’s battered stock market? That is the billion-dollar question as investors try to time the bottom for Chinese stocks. But they might be wise to also look at some easier bets. Chinese stocks are off to a bad start in 2024, after doing poorly over the last couple of years.

Union Cabinet on Wednesday approved a Rs 8,500 crore incentive scheme for coal gasification projects, sources said. The adoption of gasification technology in India is expected to reduce the country's reliance on imports of natural gas, methanol, ammonia and other essential products.

Justin Trudeau, whose ratings among Canadian voters are plunging rapidly. “I have concluded that the decision to issue the proclamation does not bear the hallmarks of reasonableness — justification, transparency, and intelligibility — and was not justified about the relevant factual and legal constraints that were required to be taken into consideration," Judge Richard G Mosley said while delivering the judgment on Saturday. Justin Trudeau imposed Emergency in Canada after a group called "Freedom Convoy" led massive protests in the country against vaccinations for the Covid-19 virus.

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Banks should be setting aside recent bumper profits to provision for clients defaulting on loans as the impact of higher interest rates feeds into the economy, according to the president of the country's regulator.

By Joe Cash

Investing.com — European stock markets rose Wednesday, as investors digested a deluge of corporate earnings ahead of the release of the latest regional business activity data.

Interim Budget have been robust, but in view of the current global headwinds the govt would need to continue its thrust on public capex, Ficci said in a note on January 24. There is a need for an «Indian Taxonomy» comparable and interoperable with global taxonomies, frameworks and principles, it said, adding that evaluating exposure to sustainable versus non-sustainable activities is difficult for banks and other financial institutions without a taxonomy. China plus one: Given the current global business dynamics and most advanced economies looking at China plus one strategy, India has a big manufacturing opportunity knocking at its doors. India must keep making efforts to become a global manufacturing hub by incentivising and attracting large investments from global manufacturing companies, Ficci said in its budget recommendations. PLI scheme: While the Production Linked Incentive (PLI) schemes have worked well, the government could look at extending the concessional tax regime for manufacturing operations for at least five years, Ficci recommended. Given that many global investors are lookingn to put money to work in India, extending these concessions will boost investor confidence further, it said.

Shiv Sena (UBT) on Wednesday attacked the BJP-led Centre for not conferring Bharat Ratna, the country's highest civilian award, on Hindutva ideologue V D Savarkar. Addressing a news conference, Sena (UBT) leader and Rajya Sabha member Sanjay Raut called the Centre's decision to honour former Bihar chief minister Karpoori Thakur with the award posthumously a political move. Since the Narendra Modi government took charge in Delhi (in 2014), 11 people have been conferred the highest civilian award, but Savarkar has not found a place on the list, said Raut.

Apple growers in India's prime apple-growing regions of Jammu & Kashmir and Himachal Pradesh are facing a significant drop in production this year due to the absence of snowfall and rainfall in the crucial January period, according to apple growers. This could lead to higher apple prices for consumers and income losses for farmers, as these two regions account for about 95% of India's apple production. “Apple production is bracing for a major impact as it requires a chilling period of around a hundred days for quality apples,” said Mian Naqsh, an apple grower from J&K with a large orchard.

Indo-Nepal border have been put on high alert here ahead of Republic Day celebrations in the country, a senior official said here on Wednesday. Identities of people are being checked before allowing them to cross the border to prevent the movement of anti-social elements in the area, Deputy Inspector General (DIG) in Sashastra Seema Bal (SSB), Gorakhpur, Akhileshvar Singh told PTI. In an effort to strengthen the security arrangements at the porous Indo-Nepal border and stop the infiltration of anti-national elements, SSB has installed close circuit and drone cameras on every route leading to Nepal, the officer said.

Mamata Banerjee's decision to pull the plug on any alliance in Bengal has sent the INDIA bloc into a tizzy with other constituents choosing to play down any rift in the alliance. RJD leader and Rajya Sabha MP, Manoj Jha claimed that the statement was given in some particular situation and said that INDIA parties will solve the conflict. «Please wait for some time...Maybe the statement was given in some particular situation...If there is a conflict then the alliance (INDIA) would solve it...» said Manoj Jha The AAP which itself is locked in hectic negotiations with the Congress on seat sharing in Delhi and Punjab also feels that the two parties and the alliance will resolve any differences. AAP leader and Delhi Minister Saurabh Bharadwaj said «TMC is a big party in West Bengal, Congress and the Left has always been fighting against them.

National Girl Child Day is celebrated in the country on January 24 every year to provide support and opportunities to the girls of India. It aims to promote awareness about the rights of the girl child and to increase awareness on the importance of girl education, and their health and nutrition, and also to promote the girls' position in society to make their living better.

Mamata Banerjee said that TMC would fight ‘alone’ in West Bengal against the Bhartiya Janata Party (BJP) for the Lok Sabha elections likely to be held between April to May this year. "I had no discussions with the Congress party. I have always said that in Bengal, we will fight alone.

Also Read: Nova Agritech IPO: Here are key risk factors to know before you subscribe to the issue Nova Agritech IPO was fully booked within the first hour of the IPO opening, on the day 1 due to overwhelming response from retail and non institutional investors (NIIs). Nova IPO subscription status was 9.75 times at the end of the first day.

Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the exchange reported in a press release Wednesday.

International Energy Agency said Wednesday. In its annual report on the electricity market, the IEA said that renewables — in particular from solar panels — should see their share of total electricity production surpass a third of the total, passing from 30 percent last year to 37 percent in 2026.

Guwahati Police filed a case against him and other Congress leaders for allegedly provoking the crowd. Addressing his first public meeting on the 7th day of 'Bharat Jodo Nyay Yatra' in Barpeta district, the Congress leader slammed Assam Chief Minister Himanta Biswa Sarma and termed him the "most corrupt CM" of the country with a series of allegations related to land and areca nut. 1) “I don't know how Himanta Biswa Sarma got the idea that he can intimidate me by filing cases.

BEIJING — Hot competition in China's electric car market is pushing local automakers to sell vehicles with fancy tech that Tesla doesn't yet offer in the country — and sometimes at lower prices.

A rapidly changing global environment, certainly, can impose a strategic necessity in reinventing bilateral, regional, and global relationships. At the same time, the evolving nature of foreign policy itself constantly reassesses relationships to maximize national interest. In other words, the forging and enhancement of relationships is not solely driven by externally imposed compulsions.

The dense fog conditions and chilly weather continued to disrupt travel plans for trains to and from the national capital on Wednesday (January 24) morning, causing significant inconvenience for passengers. The arrival of several passenger trains in Delhi encountered delays for more than 8 hours.