Country Financial News

The pre-owned category is a growing segment in the country that is being driven by consumers' desire to own rare and unique products and be more sustainable in their purchases. In addition, with the growing influence of western fashion trends and the rise of disposable income, consumers are looking at buying exclusive pieces that are easily available.

Chinese Premier Li Qiang said that tech innovations should not be used as a way to restrict or contain other countries.

SLCM) Group has launched physical “Krishi Quality Janch Kendra” an AI ML-empowered solution that is set to facilitate food grain quality checks (QC) in India. Aimed at helping farmers, traders, FPOs as well as corporate entities involved in QC of food grain, a total of 31 centres have been opened in the initial phase of the initiative across Delhi and Madhya Pradesh. SLCM intends to establish at least 600 more Krishi Quality Janch Kendra Centre’s across different parts of the country till the end of February 2024.

Mallikarjun Kharge hit out at the Narendra Modi-led BJP government for pushing the country's startup entrepreneurs, creative people and jobless youth “to the wall.” On the eve of National Startups Day, Kharge took to social media platform X and said the government’s Startup India initiative has become a vehicle to garner publicity for Prime Minister Modi as it has miserably fallen short on delivery.

Ministry of Ports, Shipping, and Waterways (MoPSW) has constituted a high-level task force to oversee the establishment of the Indian Maritime Centre (IMC), in a bid to build global credibility for the Indian maritime sector. The main objective of the task force is to provide policy direction for the formation of IMC for smooth and sustainable operationalisation, the ministry said in an office memorandum.

ugcnet.nta.ac.in. Earlier, the results were scheduled to be announced on 10 January, however, due to Cyclone Michaung in Chennai and Andhra Pradesh, re-exam was conducted in the interest of candidates, therefore, the new date for the results was given. NTA had conducted UGC NET December 2023 in 83 subjects in 292 cities across the country for 9,45,918 candidates from 6 December-19 December.

Canada is considering imposing a cap on the number of international students due to a housing affordability crisis exacerbated by high demand from foreign students. Immigration Minister Marc Miller recently announced a slew of new requirements for foreign students wanting to come study in Canada including proof of more accessible funds. The previous $10,000 proof of accessible funds has been raised to $20,635, with adjustments based on Statistics Canada's living cost benchmark.

Santosh Rao, Partner, Head of Research, Manhattan Venture Partners, says “the world has realised that being China-centric is not really good. It is not a good practice, not a good strategy. So they are diversifying out of China. Even if China was not slowing down, just for geopolitical tensions and all that, people have realised that China is not the place to rely on in the long run. India is going to be the biggest beneficiary of that coming out. Investments are going to flow out of China. And that is a huge thing that is playing out in the markets.” Are you surprised the way the entire global narrative has changed? We are talking about rate cuts this year? Santosh Rao: Yes. I think a lot depends on two or three things that are going to determine the US market. Of course, the disparity between what the market is expecting and what the Fed will do. Originally five or six cuts were priced into the market, and that was the enthusiasm coming into the year. But I think now after all the Fed governors have come out and said it clearly, and also seeing the CPI data, the last CPI data that came out the Fed is not going to do five or six cuts. It is probably going to do two, at best three if inflation comes down fast.

Advisor to Prime Minister Tarun Kapoor said on Tuesday. Speaking at Driving India's Techade: D2M for Bharat — 5G Broadcast Summit, Kapoor said that common men have the right to have all the basics (services). «How we will deliver that we have to think of.

Canada’s housing market is nearing a “tipping point” and its recovery will start sooner than many expect, says a new report by one of Canada’s leading real estate companies.

Investing.com — The U.S. dollar climbed higher in early European trade Tuesday, with risk sentiment hit by increased tensions in the Middle East as well as concerns that the Federal Reserve may delay interest rate cuts .

WASHINGTON (Reuters) — The wife of U.S. Senator Bob Menendez on Monday sought to sever the government's corruption case against her from her husband, according to a court document.

In the ever-evolving landscape of healthcare education, Dr. Akram Ahmad, founder and CEO of Academically, is spearheading a transformative shift.

Congress on Tuesday appointed Y S Sharmila, the daughter of former chief minister Y S Rajasekhar Reddy, as the new president of the Andhra Pradesh state unit. Sharmila, the sister of Andhra Pradesh chief minister Y S Jagan Mohan Reddy, had joined the Congress on January 4 in Delhi in the presence of Congress chief Mallikarjun Kharge and Rahul Gandhi.

global CEOs, marking a notable jump from its previous ranking of ninth place in 2023, according to PwC’s 27th Annual Global CEO Survey, which polled 4,702 CEOs in 105 countries and territories, including 79 from India. As per the study, 70% of CEOs in India express high confidence in their company's potential for revenue growth in the coming three years. Furthermore, an overwhelming 86% of these CEOs believe that the Indian economy will witness improvement in the next 12 months.

Bharat Jodo Nyay Yatra from Kohima in Nagaland on Tuesday morning, said that the grand old party thought of starting a Bharat Jodo Yatra-like journey from east to west. "...Last year, we did a (Bharat Jodo) yatra from Kanyakumari to Kashmir to bring the nation together, different cultures, different religions, different languages and we had a view that we should do a yatra from east to west..." he said while addressing a gathering at Indira Gandhi Stadium in Kohima. The Congress MP also said, “It doesn't matter if you're a small state; you should feel equal to all other people in the country.

One of the world’s most valuable battery startups is raising $3.4 billion in debt from the European Union and a group of banks including JPMorgan Chase, accelerating a race to build more batteries outside China and take advantage of a tidal wave of clean-energy subsidies. Europe’s Northvolt plans to use the funding to grow battery production at a factory in northern Sweden for customers such as Volkswagen and BMW. It also plans to expand a recycling facility next door that will convert scrap metal and old batteries into reusable battery materials.

Amit Agarwal, Group CFO, Raymond, says “the growth potential of Thane is Rs 25,000 crore over several years and Rs 5000 crore we have already signed. So, we are in a decent spot in order to take this business really-really forward. The demerger is on so hopefully by mid-May, we should be able to announce that de-merger. The SEBI approval is in place, now the NCLT and the other process is on. So, to that extent, you will have separate companies for real estate as well as for the lifestyle. Our target is that Thane should be in the range of 50 to 60% of the revenue mix over the next three, four years, and 40% to 45% should come out of Thane.” How was Diwali and Christmas? Any reasons for your shareholders to get worried? Amit Agarwal: No. I think Diwali was great. People had a really good time. There has been a sort of hiatus of almost seven-eight months when people were not into so much of shopping in the first half and going up to August-September because of that extra month of Malmas (inauspicious period) and as soon as that Malmas got over, people started to come back and saw a great shopping trend there.

Mumbai-Ahmedabad bullet train project. The company added that the order has been bagged from an authorised Japanese agency. "The railways strategic business group of L&T Construction has secured a mega contract to ....construct 508 route km of high-speed electrification system works for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Project, popularly referred to as the bullet train project," the company said in a filing to BSE.

Tata Motors, Honda Cars, Toyota Kirloskar Motor, MG Motor India and Kia India, as well as German luxury and premium carmakers Mercedes-Benz, BMW and Skoda Auto Volkswagen India. The show will also draw prominent two-wheeler makers Bajaj Auto, TVS Motor and Honda Motorcycle and Scooter India, and pure EV makers Ather Energy, Ola Electric, Tork Motors, ⁠Eka Mobility and VinFast.

Indian stocks are trading near their most expensive levels against battered Chinese peers, underscoring a growing divergence in investor preference between the two emerging market leaders. The MSCI India Index trades at a 157% premium over the China gauge on valuations based on forward earnings estimates, just 3 percentage points short of the record reached in October 2022, according to data compiled by Bloomberg. India — long dubbed the “next China” — has emerged as an investor favorite, aided by solid earnings and a booming consumer market. It’s ascent came on the back of a sluggish Chinese market, where problems ranging from rivalry with the US and deflationary pressures led to a third annual decline in the MSCI China gauge.