Country Financial News
17.12 / 17:21
Citi
Digital
CEO
economy
show
country
beautiful
NOT
We should not be complacent about India; prospects in India, particularly behind digitization, are phenomenal: Unilever CEO Hein Schumacher
Unilever's chief executive officer Hein Schumacher said the company should not be complacent about its market share and indicated its historical strong position may weaken with increasing competition. «We should not be complacent about it (India). Yes, we have great positions, but with some slowdown in China, I do see international competitors flocking into India and putting a greater amount of resources behind it,» said Schumacher at a Barclays Fireside conference.
17.12 / 17:21
Progressive
country
guidelines
Supreme Court upholds e-auction of India’s tallest tower Palais Royale, paves way for completion
Palais Royale, India’s tallest and one of the most expensive luxury towers that has been stuck in limbo for more than a decade, will finally see the light of the day following a Supreme Court order upholding the public e-auction by a secured lender to sell it. The judgement allows for the skyscraper’s completion and the subsequent handover of the Rs 15,000-crore project and its luxury apartments, each spread over more than 8,000 sq ft and priced Rs 65-70 crore. The project, started in 2007 and touted to be the most ambitious real estate project in the country, has faced numerous challenges over the last 10 years. Legal disputes and hurdles had cast a shadow over the 320-meter-high, 88-storey, tower, delaying its progress and raising concerns among investors and stakeholders. In 2010, the developer, Shree Ram Urban Infrastructure Ltd, availed of a Rs 900 crore loan from Indiabulls Housing Finance with this project as collateral. The erstwhile promoter of Shree Ram Urban also stood as personal guarantor to the loan. The project was pulled up by authorities for violations of building codes and permissions. The then promoter, Shree Ram Urban Infrastructure, had not made the alterations to conform to the civic authority’s guidelines and the authority went on to withhold permissions. This led to project delay, leaving many homebuyers in the lurch.
17.12 / 16:57
Tesla
country
gatherings
place
Italy's Giorgia Meloni says no place for Islam in Europe: 'There is a problem of compatibility'
Hindustan Times on 17 December. “I believe that there is a problem of compatibility between Islamic culture and the values and rights of our civilization," HT quoted her saying.
17.12 / 16:57
Target
Progressive
Action
Ozon
country
2020
reports
Climate action: Much like the ozone layer, CoP-28 has three gaping holes
bits and bobs but, overall, nobody has actually gained. The United Nations began the annual climate change conference almost three decades ago to limit greenhouse gas emissions and decelerate global warming. It did not take long for global politics to hijack the entire process, and to suborn the multilateral process with a predominantly Western development model.
17.12 / 16:35
17.12 / 16:13
Provident
Destiny
show
country
stars
2020
reports
It took Indian Army to show to world that 'enough is enough': Gen Naravane on Eastern Ladakh
Indian Army to show to the world that «enough is enough» and challenge the «neighbourhood bully», says Gen Manoj Mukund Naravane, the 28th Chief of Army Staff, recounting the Indian response to the Chinese aggression in Eastern Ladakh in 2020. In his memoirs 'Four Stars of Destiny', Naravane, providing a rare insight into the deadly Galwan Valley clashes, says Chinese President Xi Jinping will not forget June 16 any time soon as China's People's Liberation Army suffered «fatal casualties» for the first time in over two decades in the fighting.
17.12 / 15:41
Target
Extreme
Action
Gap
country
exclusive
consequences
COP28: Of pledges and compromises
What is the structure and scope of the new L&D Fund? An exclusive L&D Fund was formed in the dying hours at COP27 in Sharm el-Sheikh as SIDS, Africa and other developing countries insisted upon a dedicated corpus to aid developing countries reeling under climate change-induced extreme weather and slow onset events. Though the fund was formed, decisions on its structure, scope and character were left for Dubai. A transitional committee constituted to shape the fund made recommendations after multiple meetings over the past year.
17.12 / 15:41
Citi
show
country
audience
information
Department
Varanasi: PM Modi talks about AI at Kashi Tamil Sangamam, flags off Express train for Kanyakumari
Narendra Modi Sunday launched the second edition of the Kashi Tamil Sangamam at the Namo Ghat in Varanasi and flagged off an express train (Kashi Tamil Sangamam Express) between the city of Kashi Vishwanath and Kanyakumari. While inaugurating the second edition of the Kashi Tamil Sangamam Prime Minister Modi said “Today, use of new technology has taken place here through Artificial Intelligence (AI). This is a new beginning and hopefully, it makes it easier for me to reach you." The prime minister was referring to the simultaneous Artificial Intelligence (AI) based Tamil translation of his speech done through Bhashini for those in the audience who understood Tamil.
17.12 / 14:43
Google
Software
Qualcomm
country
reports
IIT-Roorkee sees 802 job offers in first 15 days of final placements
final placements for the Class of 2024, the institute said on Sunday. This included pre-placement offers. Accenture Japan, American Express, Axis Bank, Axtria India, Bajaj Auto & Chetak Technology, Bharat Petroleum Corporation, Cisco, EXL Service, Futures First, Google, ICICI Bank, Jaguar Land Rover India, JP Morgan & Chase, Merilytics, Microsoft, Navi, Oracle India., Qualcomm India, Reliance Industries, Sprinklr, Texas Instruments and Zepto were among the companies that participated in the placements drive, according to the statement issued by IIT-R.
17.12 / 14:43
Citi
Citizens
country
Department
NOT
'US, Canada issues not same': Jaishankar on allegations regarding pro-Khalistani elements
Jaishankar emphasised that the two issues are not the same, adding that India is open to looking into the matter. While speaking at the Rotary Institute 2023 event in Bengaluru, Jaishankar asserted that India is a responsible country and it is willing to look into the matter if any country has a concern and shares inputs, referring to the Canada allegations about the alleged link of «agents of the Indian government» in the killing of Khalistani terrorist Hardeep Singh Nijjar. «I think everybody knows that India is a country where we are very responsible, very prudent on what we do and the whole issue for us has been that we have always maintained that.
17.12 / 14:43
FIVE
stage
country
'Like an old club, set members don't want to let go of the grip': Jaishankar takes dig at UN Security Council
United Nations Security Council, External Affairs Minister S Jaishankar said that it is like an «old club» where member nations are unwilling to admit new members as they perceive it as losing the grip. In his address at the Rotary Institute 2023 event in Bengaluru on Sunday, Jaishankar said that the members of the «club» do not want their practices to be questioned. «Security Council is like an old club, where there are set members who don't want to let go of the grip. They want to keep control over the club.
17.12 / 14:41
Software
Align
Remark
Tesla
Highways
country
week
This week in EVs: Tesla’s massive recall | Pro Recap
Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla faces Nordic union troubles; F-150 Lightning production cut in half; and Tesla’s massive recall.
17.12 / 14:31
economy
Southern
country
reports
'India will remain lower middle income till 2047...': Raghuram Rajan weighs in on country's growth potential
Raghuram Rajan, former Governor of the Reserve Bank of India (RBI), said India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6% annually without any population growth. Speaking at an event in Hyderabad, the former RBI governor said that if the nation does not grow fast economically, it will grow older demographically before it gets richer.
17.12 / 14:13
17.12 / 14:13
Provident
Digital
Citizens
country
cover
information
How to update your Aadhaar card online for free? These are steps to register through myaadhaar
Aadhaar is a vital identity document for citizens in the country, containing important information like name, address, photo, biometric data, and other key identity details. It is widely accepted as a crucial proof of identity in both government and non-government settings. It is important to keep the information on Aadhaar, including the photo and address, up to date.
17.12 / 13:47
Software
Dreams
country
Department
State to make special efforts to increase software exports: Himachal minister Rajesh Dharmani
Himachal Pradesh will make special efforts to increase the state's software exports from Rs 5 crore to Rs 100 crore, Cabinet minister Rajesh Dharmani said on Sunday. Today, India is exporting software worth billions of rupees and Himachal Pradesh's contribution in the country's software exports would increase and institutes like NIT should come forward, said Dharmani at the concluding day of the 31st State Level Children's Science Conference.
17.12 / 13:47
Manufacturing
economy
President
country
innovations
reports
prevention
China faces 'middle-technology trap', warns official think-tank
China of a potential «middle-technology trap» unless it opens doors «wide open» for new investments and scientific innovation to deal with increasing containment in the ongoing tech war with the US. «China's manufacturing sector is still in the downstream of the global value chain, and it faces a risk of being hamstrung at the low and mid-end by developed countries such as the United States, Germany and Japan,» the Chinese Academy of Sciences said in its latest report released during the weekend.
17.12 / 13:47
country
Poor feel empowered, confident when they get pucca houses, gas cylinders: PM Modi
Varanasi (UP), Prime Minister Narendra Modi Sunday mocked the Congress' slogan of 'garibi hatao' (remove poverty) and said the poor feel empowered and confident when they get a pucca house and gas cylinders for their homes. A poor now says that the day he got a gas cylinder stove in his house the difference between then rich and the poor ended for him, Modi said, addressing the Viksit Bharat Sankalp Yatra here.
17.12 / 13:47
Fighting
awards
love
show
country
rock
India's love of homegrown single malts shakes up Pernod, Diageo
Oak casks, once used to store bourbon and wine, are stacking up in a distillery near New Delhi, filled with ageing whisky as workers churn out almost 10,000 bottles a day of Indian single malt Indri, recently named the world's best whisky. Sugarcane and mustard fields, not peat bogs, ring the distillery, where the two-year-old Indian brand's owner Piccadily is ramping up production and building a three-hole golf course to lure connoisseurs and tipplers in the whisky-loving nation. As India comes into its own as a maker, not just consumer, of whisky, its single malts are reshaping the country's $33 billion spirits market. Established global brands such as Glenlivet, made by France's Pernod Ricard, and Talisker by Britain's Diageo fight for shelf space with local rivals Indri, Amrut and Radico Khaitan's Rampur. Unlike many Asian countries where beer dominates alcohol sales, India is predominantly a whisky-drinking nation. Global awards, increased affluence and a mass of drinkers trying new brands while cooped up during COVID-19 have rocked India's whisky landscape, industry executives and analysts say. Aditya Prakash Rao for years drank foreign brands but now increasingly buys Indian malts for himself and for gifts during festive seasons.
17.12 / 13:01
awards
President
show
country
innovations
"Balance of tradition and innovation necessary": Defence Minister Rajnath Singh at Combined Graduation Parade
IAF), a Combined Graduation Parade (CGP) was held at the Air Force Academy (AFA), Dundigal, on Sunday. The parade was reviewed by Union Defence Minister Rajnath Singh, who also conferred the President's Commission on the graduating Flight Cadets upon successful completion of their training. The graduating officers included 25 women officers who were commissioned in various branches of the IAF. On this occasion, eight officers from the Indian Navy, nine from the Indian Coast Guard and two from friendly foreign countries were also awarded wings upon successful completion of their flying training. The Defence Minister was presented with a general salute by the parade, followed by a march past. Flight Cadets were awarded their 'Stripes' by the Minister were awarded stripes at a 'Commissioning Ceremony'.
17.12 / 12:15
Citi
Entertainment
performer
country
concert
singer
pop
Can superstars like Beyoncé or Taylor Swift spur inflation?
hot inflation, but the American singer seems an unlikely macroeconomic force. Hotel prices surged in Sweden when 46,000 fans flocked to the capital, Stockholm, for the pop star’s tour in May. The country’s consumer-price index hit 9.7% that month, higher than expected.
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