Country Financial News

There has been much debate over the sovereign credit rating India deserves. New Delhi has long lamented that rating agencies have been unjust in assigning the country their lowest investment grade. Re-examining Narratives: A Collection of Essays, released last week by the Chief Economic Advisor’s office, attempts to explain why these agencies are wrong.

MOSCOW (Reuters) -Russian and Ukrainian military officials both reported downing enemy aircraft on Sunday in different areas of the 1,000-km-long (621-mile) front of their 22-month-old war.

By Alexander Tanas

By Alexander Tanas

By Jose Torres

By Steven Scheer

Atal Bihari Vajpayee, BJP is set to organise several events across the country. Vajpayee was born on December 25, 1924, in Gwalior, Madhya Pradesh, and was elected three times as the nation's prime minister. BJP national president JP Nadda has asked party officials and state presidents across the country to pay floral tributes to Atal Bihari Vajpayee's portrait at all booths and discuss the wonderful personality and work of the former Prime Minister.

G20 standing out as the country's diplomatic achievement of the year. Through its G20 presidency, India was able to get the most influential, powerful, and consequential countries of the world to gather around the table and discuss, agree on some of the most pressing issues concerning the world today. As External Affairs Minister (EAM) S Jaishankar rightfully said, the G20 is like the World Cup of diplomacy, where the biggest and strongest players come together. «When we took the presidency, people did not have many expectations out of it. Through our G20, we bridged all the divides, found a common ground for countries which were otherwise arguing among themselves, who found it very difficult to reconcile.

South Korean coast guards – and rough sea weather – appear to have thwarted a high-profile suspected crypto price fixer’s daring effort to flee the country for China.

active cases rose to 3,742, according to the latest government data. A new strain "JN.1", classified as a "variant of interest" by the World Health Organization (WHO) last week, has been detected in India.

Mint looks at the crisis, efforts taken to contain it, and its implication for India and the world. The Yemen-based and Iran-backed Houthi militants have fired over 100 drones and missiles at ships belonging to over 35 countries plying the Red Sea. They are doing so ostensibly in support of the Palestinian cause.

hiring in 2024. Top companies like L&T, Tata Steel, PepsiCo, Airtel, ITC, among others, told ET that their hiring plans are on track for the coming year mostly due to expansion of existing operations, bringing cheer to the otherwise muted job market. This is at a time when most players, especially the IT firms, are cutting down hiring numbers, especially at the entry level. Hiring for this bunch will largely be focused on women to improve gender diversity; sustainability; and entry level talent from the campuses apart from lateral hiring. Overall, the hiring momentum for 2024 will likely be the same as 2023 and in some cases, even more. Hiring momentum will continue in 2024 because of the growth and expansion plans at Tata Steel to reach 40 million tonnes capacity by 2030, said Atrayee Sanyal, VP, human resource manager, Tata Steel.

Northern and northeastern parts of the country have experienced a record-breaking chill since last week, with some areas in the northeast hitting minus 40 Celsius (minus 40 Fahrenheit) and below as biting cold air flowed down from the Arctic.

Laura Lynch, a founding member of the U.S. country band “Dixie Chicks,” died in a head-on car crash on a Texas highway, law enforcement said on Saturday.

Congress MLA Sunil Kedar after a special court convicted him in a Rs 150 crore cooperative bank scam along with five others. However, backing Kedar, the Congress called his disqualification a «witch hunt». Kedar was sentenced to five years of imprisonment on Friday following which the Maharashtra legislative secretariat issued orders to disqualify him.

₹10 trillion capital spending in 2023-24 Union budget. And this spending is expected to continue for a few more years till the investment cycle is established where private and public spends complement to strengthen infrastructure. India will spend ₹143 trillion on infrastructure between fiscals 2024 and 2030, more than twice the ₹67 trillion spent in the past seven financial years from 2017, according to Infrastructure Year Book 2023 released by ratings agency Crisil.

Efficiency becomes particularly salient when applied to logistics. For logistics, efficiency translates into reduced costs, which have far-reaching implications for a country's economy. Efficient trade: Lower logistics costs mean more efficient trade and transportation, reducing consumer prices and heightened business productivity. Countries with streamlined logistics can gain a competitive advantage in the global market, making their products and services more attractive due to lower costs. Free up resources: Minimising unnecessary logistics expenses can liberate resources for other productive purposes, fostering innovation, investment and growth. Green impact: Efficient logistics entail less waste and a smaller ecological footprint. Jobs, jobs: By attracting more businesses through efficient systems, new employment opportunities emerge. This is why efforts have been made to cut logistics costs through:

NEW DELHI : Spain is pushing for a high level visit from its Prime Minister to India in 2024 according to people aware of the matter. The focus of both countries will be on deepening defence ties and inking migration and mobility agreements. The move comes after Spain’s Prime Minister Pedro Sanchez missed the G20 Leaders Summit in Delhi in September due to a positive covid diagnosis.

Partnering with the International Development Research Centre (IDRC) and the Global Development Network (GDN), and with the active involvement of India’s G20 Sherpa, in July this year, Niti Aayog hosted an international conference on ‘A Green and Sustainable Growth Agenda for the Global Economy.’ The conference was an official side-event of India’s G20 presidency, timed such that the discussion could inform the forthcoming summit communique, which subsequently emerged as the landmark New Delhi Leaders’ Declaration. Leadership of the G20 passed from India to Brazil on 1 December, just as the two-week long 28th Conference of the Parties of the United Nations Framework Convention of Climate Change (UNFCCC) got going in the UAE.

NEW DELHI : Vivo India’s interim chief executive officer (CEO) Hong Xuquan, chief financial officer Harinder Dahiya and consultant Hemant Munjal were arrested by Enforcement Directorate (ED) on charges of money laundering and remanded to custody by a sessions judge in Patiala House Court for three days. The order was issued on the grounds that the executives held critical positions, played a crucial role in acquiring ₹20,241 crore as proceeds of crime, and that the executives were not cooperating with the authorities. Interim CEO Hong Xuquan was cited as a witness in the previous complaint filed by the enforcement body earlier this month.

₹19,744 crore National Green Hydrogen Mission with an aim to produce 5 million tonnes green hydrogen annually by 2030. Apart from encouraging projects for the usage of green hydrogen in sectors such as railways and shipping and supporting research and development, the mission has also allocated ₹17,490 crore for incentives under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programmes to boost production of green hydrogen and electrolyzers.