Country Financial News

By Gram Slattery

Mint’s Ravi Krishnan, Gupta, who manages assets worth ₹2.27 trillion, emphasised that the biggest thing to monitor in the upcoming interim budget is the government's commitment to its fiscal consolidation plans. Edited excerpts: I think after the results of the state election, both concerns seem significantly mitigated. Going into the polls, there was apprehension that competitive populism might emerge, but this government has largely avoided this in recent years.

Pran Pratishtha ceremony, Vishwa Hindu Parishad (VHP) president Alok Kumar handed over gifts received from Kashmir, Tamil Nadu and Afghanistan to the 'Yajman' of Shri Ram Temple Anil Mishra. Speaking about those who donated saffron from Kashmir, the VHP president said that though they are from different religions they expressed their happiness at the construction of the Ram temple. «Muslim brothers and sisters from Kashmir came to meet me and expressed their happiness at the construction of Ram temple, and said that even though we follow different religions, our ancestors are the same.

“Policy making is dynamic in India and budget is not a limiting event. If an investor’s asset allocation permits to invest additional funds in equity then given the rich valuations currently, it could be deployed over 6 months,” says Rohit Sarin, Co Founder – Client Associates managing assets worth over $6 Bn. In an interview with ETMarkets, Sarin said: “As of now, all debt instruments including bonds attract marginal tax rate in India. We expect policy stability on this front. 10-Year Bond Yields, and Inflation—paints a compelling narrative,” Edited excerpts: Markets are trading near record highs as we approach the Interim Budget 2024 or the Vote on Account – what are your expectations? Rohit Sarin: Indian markets have been resilient in 2023 on account of the resilience of the domestic economy. With indications of an accommodative stance of the US Fed in 2024 markets are expected to remain strong in 2024 aided by the reallocation of global liquidity towards equity in general and growing economies like India in particular.

As the risk of sizable losses on commercial real estate loans grows, Canadian banks’ earnings are poised to take a hit, according to the head of Canada’s financial-system regulator.

Budget expectations: The union budget speech by the Hon. Minister of Finance in the previous year started off with emphasis on the economic empowerment of women. This was to be through developing the lakhs of SHGs in the country into viable income generating producer organisations and economically sustainable women enterprises. The budget also accorded renewed emphasis on enhancing the incomes of the largely small and marginal farmers of the country. Also Read: Nari-shakti may drive Bharat's moment in the world order These targets and priorities are in sync with the circumstance and needs of the stakeholder categories who constitute much of the Indian populace.

Ram Temple in Ayodhya on January 22, the world's largest lock, weighing 400 kg, and 1,265 kg of laddu Prasad reached Ayodhya on Saturday. Both are offerings to the temple. While the lock is from Aligarh, the ladus are from Hyderabad. But what is in common between the two is the devotion of the people associated with them to Lord Ram. The laddu prasad was made by Sri Ram Catering Services in Hyderabad.

Houthi attacks on ships in the southern Red Sea or Gulf of Aden, which continue to occur almost daily. The Houthi rebels, supported by Iran, claim their actions in the Red Sea corridor are in response to Israel's offensive against Hamas in the Gaza Strip. The Gaza conflict, now in its fourth month, stands as one of the deadliest and most destructive military campaigns in recent history.

Budget 2024 Expectations: Here's what CareEdge predicts for India's economy The government is aiming to narrow the fiscal deficit to 4.50% of GDP by the end of the 2025-26 fiscal year (FY) from 5.90% in the current year to end-March 2024. The January 10-19 Reuters poll of 41 economists showed the Feb.

the World Economic Forum in the snow-clad resort came to an end on Friday, emergence of artificial intelligence, never-ending geopolitical tensions, and the outcome of what's in store when half of the world's population is going to elect a new government this year, including in India and the US, dominated the Swiss Promenade talks. But for the outcome of the summit as Rich Lesser, chairman of Boston Consulting Group, said, “It’s unrealistic to think that Davos — or any meeting, anywhere in the world — in one meeting can rebuild trust when it’s fragmented on so many dimensions".

X-59 supersonic aircraft which is capable of flying faster than the speed of sound. The 100-foot-long and 30-foot-wide plane was rolled out by NASA and Lockheed Martin on Friday in Palmdale, California. After launching in 1976 and experiencing expensive maintenance as well as a deadly crash in 2000, the Concorde, which had a top speed of 1,350 miles per hour, was retired almost twenty years ago.

Apple is prepared to open the iPhone's ability to tap-to-pay to rivals — in the EU — after coming under fire for keeping users in its own ecosystem, the European Commission and the company said on Friday. The commission, the European Union's market regulator, said it was weighing Apple's proposal, which was made after Brussels determined that the Cupertino company enjoys a dominant position in iOS mobile wallet transactions by shutting out competitors.

S Jaishankar met with his Maldivian counterpart Moosa Zameer on the sidelines of NAM Summit and held a “frank conversation” on India-Maldives ties. Withdrawal of Indian military personnel from Maldives and India’s solution to address situation was among the key talking points.

Ram temple in Ayodhya on Monday, January 22. As the preparations to celebrate the "historic" day are underway across the country, here's a quick recap of pran pratishtha, darshan, and aarti timings. The sacred ceremony of Pran Pratishtha is scheduled to take place on January 22 in Ayodhya, Uttar Pradesh.

IMD said in its latest bulletin. -Dense to very dense fog conditions very likely to prevail for a few hours in night/morning over many parts of Punjab, Haryana and Chandigarh during 19th night to 20th morning and in some parts for subsequent 4 days.

China's Henan province, the official Xinhua news agency reported Saturday. The blaze at the Yingcai School in Henan's Yanshanpu village was reported to the local fire department at 11 p.m. (1500 GMT) Friday night, Xinhua said.

Reliance Industries: The company reported its December quarter results along expected lines. Its telecom and retail segments contributed significantly to revenue and EBITDA, while oil-to-chemicals revenue declined on lower price realisation led by a decline in average Brent crude oil prices, the company stated in exchange filings. Its consolidated PAT for Q3FY24 rose 10.9 % year-on-year (YoY) to ₹19,641 crore, compared to PAT of ₹17,706 crore (adjusted to reflect the demerger of the financial services business), in the same quarter last year.

Airtel, Jio square off against Elon Musk in India's satellite broadband race "Starlink replied to the Department for Promotion of Industry & Internal Trade, and in next few days or by the end of this month, the Department of Telecommunications (DoT) may issue a Letter of Intent (LoI) to Starlink," ET Telecom quoted a source as saying. Meanwhile, a Moneycontrol report, citing sources, noted that the Department of Telecommunications (DoT) could issue a letter of intent (LoI) to Starlink as early as Wednesday.

oil output offset concerns about the Chinese and global economies. Brent futures settled 54 cents lower at $78.56 a barrel. U.S.

Another year, another awards show! InvestmentNews proudly presents the launch of our inaugural InvestmentNews Awards, and nominations for the top awards are now open.

Germany has approved Citizenship Law Reforms that are aimed at integration and skilled worker attraction. In a decisive move, German lawmakers voted 382-234 on Friday to approve legislation that relaxes the rules on obtaining citizenship and eliminates restrictions on dual citizenship. The proposal, advocated by center-left Chancellor Olaf Scholz's socially liberal coalition, aims to enhance immigrant integration and facilitate the recruitment of skilled workers. Are you immigration ready? Find out Under the new legislation, individuals can qualify for citizenship after residing in Germany for five years, or three years in the case of «special integration accomplishments,» compared to the current requirements of eight or six years. German-born children will automatically acquire citizenship if one parent has been a legal resident for five years, a reduction from the previous eight years. Moreover, the legislation eliminates restrictions on holding dual citizenship, a significant departure from the existing requirement for most individuals from non-European Union countries to renounce their previous nationality upon gaining German citizenship. The government emphasizes that approximately 14% of the population, more than 12 million out of 84.4 million inhabitants, does not possess German citizenship. Of this population, around 5.3 million have lived in Germany for at least a decade. Germany's naturalization rate is reported to be below the European Union average.