Country Financial News

BSE Sensex exceeded 71,000 levels. Both indexes recorded a gain of around 18% in CY23YTD. Additionally, the Nifty Midcap index and Smallcap index outperformed, registering gains of approximately 43% and 52%, respectively, during the same period.

Women are losing out to men in India’s jobless growth While 82% of working professionals expressed concerns over potential job redundancy due to emerging technologies, upskilling played a positive role for several employees. As per the report, 78% of working professionals have recognised 'upskilling' as a proactive strategy to navigate the rapidly changing working landscape in the country.

LONDON — U.K. inflation fell by more than expected in to hit 3.9% in November, in the lowest annual reading since September 2021.

Sumitomo Mitsui Banking Corporation (SMBC), Japan's second largest bank by assets, has closed a $120 million aircraft financing loan to Air India to help it purchase of an A350-900 aircraft delivered by Airbus. SMBC was the sole bank in the transaction and the transaction was orchestrated with the assistance of Air India’s wholly owned subsidiary in Gujarat International Finance Tec-City (GIFT City), AI Fleet Services Ltd, the bank said. SMBC Singapore branch was involved in the transaction. The aircraft purchase was part of Air India’s order of 470 aircrafts placed earlier this year. «Through an innovative GIFT City structure, we have successfully completed this aircraft secured debt facility amid a fast-growing Indian market, marking the bank’s first aircraft finance lease transaction of its kind,» said Hiroyuki Mesaki, country head, SMBC India. Nipun Aggarwal, chief commercial officer at Air India said the A350-900 aircraft is among the first deliveries of the Tata Group's large aircraft order.

golden visa programmes, foreign nationals can get a permanent or long-term residence permit in exchange for making a specific amount of investment in the host country. Golden visa programmes are a sort of residence-by-investment plan. Many investors who want to diversify their holdings, gain access to new markets, improve their quality of life, or obtain a second citizenship find these programmes appealing. But not every programme offering golden visas is made equal. Certain programmes may provide greater advantages and benefits than others, depending on the investor's aims, preferences, and profile. Are you immigration ready? Find out

Something has gone badly wrong in Africa. Sudan has collapsed into carnage, as two grasping warlords battle for control. Genocide has returned to Darfur: fighters loyal to one of those warlords are murdering every male they can find from one ethnic group, even shooting baby boys strapped to their mothers’ backs, as we report.

SMBC on Wednesday said the Tata Group-owned Air India has borrowed USD 120 million from it for purchasing a wide-body aircraft from Airbus. The transaction has partly financed Air India's purchase of an A350-900 aircraft from Airbus, which was delivered in October 2023, according to an official statement.

Narendra Modi in an interview on Wednesday raised concerns of extremists engaging in violence and intimidation overseas under the guise of freedom of expression while saying that the country is committed to the rule of law. In an interview with The Financial Times, PM Modi responded to allegations of India's plot to assassinate Khalistani extremist Gurpatwant Singh Pannun in the United States, saying that he will 'look into any evidence' pertaining to the incident. «If someone gives us any information, we would definitely look into it. If a citizen of ours has done anything good or bad, we are ready to look into it.

It’s been almost a month since news broke of an alleged plot to assassinate pro-Khalistan figure Gurpatwant Singh Pannun in the United States, with possible Indian involvement. In the weeks since, India and the US have scrambled to minimise damage to their relationship. Mint takes a look at how the two countries have responded and the impact on India-US relations.

diamond trade is witnessing early signs of recovery as US consumers have started buying solitaires of more than one carat, helping revive the market which accounts for more than half of India’s diamond exports. “Natural diamond jewellery sales were up 5.1% by units and 4.7% by revenue in November, when holiday purchases picked up in the US. Loose diamond unit sales rose 16% in November on a year-on-year basis," said Vipul Shah, chairman of the Gem & Jewellery Export Promotion Council (GJEPC). Demand for diamonds in the US had almost halved in the past few months as the world’s largest economy grappled with recessionary pressure. India’s exports of cut and polished diamonds in the April-November period stood at $11,063.62 million, down 27.95% year-on-year. “But since Christmas and New Year are big events in the US, the purchase of diamonds has gone up.

Tata Punch EV's release. Nevertheless, industry insiders suggest that Tata Motors' Punch.ev is likely to emerge as a formidable competitor to the Citroen eC3, potentially claiming the title of the most budget-friendly fully electric SUV in the country.

After a sharp rally in the mid cap and small cap stocks, it’s obvious to expect that large caps will see a churn and play catch up. However, this may not always be the case, believes Devendra Singhal, executive vice president and fund manager, Kotak Mutual Fund. “This is the general view currently that large caps should tend to do better than the midcaps and small caps, and we largely abide by this view, but would say that money would chase growth rather than chasing largecaps/smallcaps or midcaps,” Singhal said in an interview with ETMarkets. Edited excerpts: How has the year 2023 largely been for the funds managed by you? The year has been excellent so far in terms of the fund’s performance. All the funds managed by me are in the top quartile since the start of the calendar year. We would endeavour to continue delivering such performance in the coming year as well.

₹17,073 crore, the highest it has ever been. SIP is a way of investing routinely in MFs, usually monthly, with the money being largely invested into equity MFs, which in turn largely invest in stocks. In buying stocks through the SIP route, the averaging of purchase prices comes into the picture.

energy transition over the next decade isn’t technology or politics. It’s money. Reconfiguring the world’s power systems to eliminate carbon emissions is going to be a multi-trillion dollar investment project.

doubled down on anti-immigrant “blood" purity remarks in front of several thousand supporters in New Hampshire. “They’re poisoning the blood of our country," Trump said in New Hampshire about the record numbers of immigrants coming to the U.S.

India nor the US were behind the cash-strapped country's miseries but "we shot ourselves in our own foot", indirectly referring to the powerful military establishment for its woes. During a conversation with Pakistan Muslim League-Nawaz (PML-N) ticket aspirants here, the party supremo, who is eying to become prime minister for a record fourth time, pointed out that he was ousted from power three times in 1993, 1999 and 2017. “Today where Pakistan has reached (in terms of the state of the economy) this is not done by India, the US or even Afghanistan.

As activists and diplomats first assembled in Dubai for Cop28, the UN’s climate summit, a fortnight ago, the chances of significant progress seemed slim. War had returned to the Middle East and the geopolitical order was fragmenting. The choice of the summit’s host country—the United Arab Emirates, one of the world’s leading petrostates—and its chairman, Sultan al-Jaber, the head of its national oil company, threatened to turn the event into a giant exercise in greenwashing.

Vivek Ramaswamy has pledged to exit the GOP primary ballot in Colorado following the state Supreme Court's ruling that ousted former President Donald Trump from the ballot. The recent ruling by a court comprising justices appointed by Democratic governors signifies a historic moment, as it marks the first instance in history where Section 3 of the 14th Amendment has been applied to disqualify a presidential candidate, as reported by AP.

Donald Trump disqualified from 2024 ballot in Colorado, says court "A majority of the court holds that former President Trump is disqualified from holding the office of President under Section Three of the Fourteenth Amendment to the United States Constitution," the court wrote. Vivek Ramaswamy withdraws from Colorado ballot following Donald Trump's removal It is the first time in history that the court used Section 3 of the 14th Amendment to disqualify a presidential candidate. However, the Colorado court stayed the decision to allow Donald Trump to appeal, which his campaign said he plans to do.

money at the current interest rate. KVP is a risk-free investment option offered by the Indian post office, which is a preferred choice for many people in the country.

Temples across the US are preparing week-long celebrations in North America to commemorate the inauguration of the Ram Mandir in Ayodhya on January 22 next year, a top official representing these temples has said. «It's our fortune and blessings to us that we are part of this phenomenon and the temple of our dreams is getting materialised after centuries of wait and struggle. Everyone's emotions in the US and Canada are very high. Shraddha (devotion) is built up and everyone is eagerly waiting to receive Bhagwan Shri Ram in his mandir,» Tejal Shah from the Hindu Mandirs Empowerment Council (HMEC) told.