Country Financial News

Artificial Intelligence is being used for the first time to identify the best marching contingent. As you know all the marching contingents do drills and do drills correctly." The Indian Army will celebrate its 76th Army Day in Lucknow, Uttar Pradesh, on January 15. "The event is being conducted out of the national capital for the second time as part of the Government of India's initiative to take major events away from the national capital region to different parts of the country.

Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies, a shift that's delaying shipments and raising transport costs. The impact struck home Friday when electric car maker Tesla said it had to shut down its factory outside Berlin from Jan. 29 to Feb. 11 due to delays in supply chains, and as U.S.-led airstrikes hit what the Navy said were Houthi missile and drone launch sites in Yemen.

Ram Mandir event. The decision led to a major political controversy as the BJP accused Congress of being anti-Hindu. Assam Chief Minister Himanta Biswa Sarma said that they should not have been invited in the first place.

In a seismic shift in the tech industry, Microsoft (NASDAQ:MSFT) briefly dethroned Apple (NASDAQ:AAPL) as the world's most valuable company yesterday, boasting a market cap of $2.888 trillion against $2.887 trillion for the Cupertino, California-based behemoth.

CNN. The newly appointed coalition government that came to power last year aimed to tighten the rules and only allow cannabis for medical use. The relaxed laws saw a lucrative cannabis industry catering to locals and foreigners alike boom across the Southeast Asian nation, according to CNN.

₹12,700 crore, in Navi Mumbai. He also addressed the the 27th National Youth Festival. Here's a quick recap of PM Modi's visit to Maharashtra on Friday, January 12.

India's retail inflation hit 4-month high of 5.69% in December In the preceding week concluding on December 29, reserves experienced a noteworthy surge of $2.759 billion, reaching a peak of $623.2 billion, marking the highest point thus far in the fiscal year. The week before that also saw an increase, with reserves climbing by $4.471 billion to $620.441 billion. Notably, in October 2021, the forex reserves had achieved an unprecedented milestone, reaching an all-time high of $645 billion.

₹568 billion which is equivalent to over 10 months of import cover. At present inflation stands at 5 per cent which is albeit high as per the reserve Bank of India's target range, but much lower than what it used to be a decade back, it added.

From their perch on the eastern side of the Red Sea, the Yemen-based rebels pose what could be one of the biggest threats to global shipping and, by extension, the world economy. In recent weeks, the Houthis have launched over two-dozen drone and missile attacks on commercial shipping bound for the Suez Canal, what they say is a response to Israel’s war against Hamas. Major shippers are now diverting vessels south around the Cape of Good Hope, adding some 40 days to voyages in what could be a far more damaging disruption than when the Ever Given cargo carrier got wedged in the canal in 2021.

Canada’s current immigration policy — among the most open in the world — is now causing economic damage and needs to be reconsidered, according to the country’s top economists.

By Alexandra Valencia

Kerala Government has proposed to come out with a comprehensive policy on AVGC-XR (Animation, Visual Effects, Gaming and Comics and Extended Reality), a cutting-edge technology domain with immense potential for the state to emerge as a knowledge-based economy. The draft AVGC-XR policy will be put out in the public domain to elicit views and suggestions from the public, including experts, professionals and investors, before it is finalised, the Kerala Startup Mission said in a statement on Friday.

Adani Enterprises on Friday received Letter of Award(LoA) from Solar Energy Corporation of India for setting up manufacturing capacity for Electrolysers in the country under the Strategic Interventions for Green Hydrogen Transition Scheme. The incentive to be allocated over five years from the scheduled commissioning date is Rs 293.78 crore. Twenty companies including Reliance Industries, Adani Group, Jindal India, Larsen & Toubro and Bharat Heavy Electricals submitted bids for incentives to manufacture electrolysers, statements from Solar Energy Corp of India said last year. In July, India invited pilot bid to incentivise production of green hydrogen and manufacturing of electrolysers.

GDP growth in the range of 6.9-7.2 per cent in the current financial year on the back of improving economic fundamentals, Deloitte India said in an update to its quarterly outlook. As per the first advance estimates of national income released by the National Statistical Office (NSO), the Indian economy is estimated to grow by 7.3 per cent in the 2023-24 fiscal, against 7.2 per cent a year ago, mainly due to a good show by mining & quarrying, manufacturing and certain segments of services sectors.

Mahanagar Gas, the city utility arm of Gail India, on Friday announced a joint venture with Baidyanath LNG, the first domestic firm to set up LNG retailing outlets, to form Mahanagar LNG. The joint venture will focus on developing LNG infrastructure to cater to the increasing demand for clean and sustainable energy solutions for the long-haul and close-loop transportation segments, MGL said in a statement.

Indamer Aviation, one of the largest maintenance and repair organisation in the country is planning to double its capacity within five years. Indamer which has a 60:40 joint venture with US based aviation services and aftermarkets major AAR Corp, will invest around Rs 550 crore for the expansion, Prajay Patel director at Indamer group. " Currently we have four hangars. In the second phase of expansion we will have 10 hangars.

Here’s a timeline of some of the most important news stories. From staff cuts at X to a new AI company, this was another zany year for the billionaire. It has been decades since the very survival of the country has been front and center for Israelis.

special invitations have been reportedly sent to 6,000-7,000 people, including several politicians and celebrities. As the fervour over the Ram Mandir ceremony remains high among the people of the country, here's how expensive the flight tickets to Ayodhya from 10 major cities are. Roughly, there was a difference of ₹1,000-3,000 in the fares of few trips available on MakeMyTrip and EaseMyTrip platforms.

By Emma-Victoria Farr

Witnesses in Yemen confirmed explosions throughout the country. Brent crude futures were up $3.16, or 4.1%, at $80.57 a barrel at 1124 GMT, while U.S. West Texas Intermediate crude futures climbed $3.05, or 4.2%, to $75.07. Both benchmarks were on course for a second straight weekly rise. The U.S.

Trade Policy Forum (TPF) meet in New Delhi starting January 12. US Trade Representative Katherine Tai is on a three-day visit to India for this meeting. Tai and Commerce and Industry Minister Piyush Goyal will co-chair the meeting. On India's agenda are a number of key issues that include a social security pact, US audit of Indian pharma players, etc. Other issues to be raised by India are: a) delay in visa; b) increasing exports of table grapes, pharma goods, and marine products such as wild caught fish and shrimp; c) reinstating the Generalized System of Preferences (GSP) status to India; d) export control regulations for high-tech products and technologies; more access for Indian mangoes to the American market, etc. The two prime issues that will dominate the discussions this time are the social security pact and USFDA drug inspections in India, news agency PTI reported. Social security pact The Social security pact is also called a totalisation agreement.