Country Financial News

By Alexander Cornwell

In this article

Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.

The industry is proposing a three-tier regulatory mechanism, where SRBs are brought under an oversight committee formed by the government, Dream11 cofounder and CEO Harsh Jain and Games24x7 cofounder and CEO Trivikraman Thampy told ET on Tuesday, on the sidelines of the Indian Gaming Convention here.

According to a Forbes report, the new pilot program aimed at streamlining the renewal process for H-1B visas comes with a notable exclusion — it will only apply to principal H-1B visa holders, leaving out their dependents. The decision, although bringing relief to numerous H-1B professionals who can now renew their visas without leaving the United States, has triggered concerns among those with families in America. The omission of spouses and children from the renewal program has left many businesses disappointed. While the move is seen as a positive step for individual H-1B employees, business organizations and their members are advocating for a broader scope in the future. There is a collective call for the State Department to consider including H-4 dependents in the pilot program as it expands or transitions into a permanent initiative. From January, the State Department will allow 20,000 H-1B visa holders undergo the visa renewal process within the United States.

finance ministry has provided Rs 10,000 crore as advance for the rural employment guarantee scheme from Contingency Fund of India, over and above the budgetary allocation of Rs 60,000 crore, the Lok Sabha was informed on Tuesday. In reply to a question on the MGNREGS funds being exhausted, Minister of State for Rural Development Sadhvi Niranjan Jyoti said the Union government has released Rs 66,629 crore to states for wage, material and administrative components under the scheme till November 29.

University of Toronto has topped the QS World University Rankings for sustainability in 2024. The second edition of the rankings encompass three distinct categories: Environmental Impact, Social Impact, and Governance. Each category was scrutinized through a set of performance lenses, which, in turn, consist of a combined array of individual metrics, QS said. Think you check all the immigration boxes? Find out The ranking evaluates the social and environmental impact of universities as a center's of education and research, as well as a major employers with the operational sustainability challenges of any large and complex organization. «Sustainability provides students with a unique lens on which institutions are demonstrating a commitment to a more sustainable existence. More than just the commitment, it looks for outwards evidence of this — from the impact that alumni are making in science and technology to solve climate issues, to the impact of research being done across the UN's 17 sustainable development goals,» QS added.

Bolivia, Manuel Rocha, finds himself entangled in legal proceedings. Accused of clandestinely aiding Cuban interests for over four decades, Rocha's arrest in Miami has sparked a significant investigation into his alleged role as a secret agent.

₹1.12 lakh crore during FY23 and FY24. The total tax evasion detected by central GST officers in the current fiscal (till October) is ₹1.51 lakh crore. “71 show cause notices involving GST to the tune of ₹1,12,332 cr have been issued to online gaming companies during financial years 2022-23 and 2023-24 (up to October 2023).

digital film by Urban Company launched on its ninth anniversary, draws attention to an often overlooked but crucial concept of the dignity of labour and serves as a poignant reminder that every occupation deserves respect and acknowledgement. In the video, an innocuous interaction between a service partner and a young boy during a bathroom cleaning service takes a serious turn when the boy innocently asks the professional if he ended up doing what he does because he wasn’t good at his studies. The Urban Company professional breaks the awkward silence, smiles and assures the boy that grades don’t matter if you studied well.

Pranab Mukherjee, recalls her father’s response— in her upcoming book "In Pranab, My Father: A Daughter Remembers"— when he was asked about his chances of becoming the prime minister in 2004, the former President said Sonia will not make him prime minister, reported PTI. Sharmistha, while providing a glimpse into the illustrious life of her father in the book, says the former president did not have any bitterness against Sonia Gandhi for not making him the prime minister, and also not against the man chosen for the post—Manmohan Singh.

(Corrects paragraph 9 to say U.S. job openings data will be released at 1500 GMT, not 1530 GMT. The error was also in previous editions of this story)

Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.

Canada remains a chronic underachiever. Our economy contracted by 1.06 per cent quarter-over-quarter in the third quarter, while the United States economy grew by 5.2 per cent. The European Union and Australia also saw modest economic growth.

By Kate Abnett, William James and Valerie Volcovici

Investing.com -- U.S. stocks point lower as markets gear up for fresh job openings data that will serve as a precursor to Friday's much-anticipated nonfarm payrolls report. Elsewhere, the Reserve Bank of Australia leaves interest rates unchanged and flags some uncertainty around the global outlook, while a private survey shows that activity in China's services sector expanded at a faster than expected rate in November.

DAP) have risen in the last few months and there is a need to increase either the government subsidy or retail prices if the rates remain high in the international market, said N Suresh Krishnan, chairman, Fertilizer Association of India (FAI). The DAP at Rs 1,350 per bag of 50 kilograms, at present, however, the international prices are elevated to $ 595 per tonne from $ 440 per tonne in July this year.

HDFC Bank, Axis Bank and AU Small Finance Bank being the early users. “We are in a moment in time when the Indian economy is poised to spring with consumer consumption, consumer credit, unsecured lending, all of which are to happen here in a significant way," said Lansing. Lansing said that the platform was built over a decade and has been sold to 100 of the top 300 global financial institutions.

The most comprehensive global look at test scores since the pandemic shows learning loss is a stubborn worldwide problem, with American 15-year-olds experiencing similar or slightly less severe setbacks compared with peers in other countries. Economically developed nations saw substantial drops in reading and math on international exams, according to new data released Tuesday. U.S.

NEW DELHI : Apple has told India its local production targets will be hit if New Delhi follows the European Union and requires existing iPhones to have universal charging ports, a government document shows as the US tech giant lobbies for an exemption or delay. India wants to implement a European Union rule that will require smartphones to have a universal USB-C charging port, and has been in talks with manufacturers about introducing the requirement in India by June 2025, six months after the deadline in the EU.

Health Ministry Tuesday ordered an inquiry into ‘cash-for-kidney racket’ allegations against Indraprastha Medical Corporation Ltd, a unit of the Apollo Hospitals group, news agency PTI reported citing sources. Earlier on Monday, the Indraprastha Medical Corporation Ltd (IMCL) rejected the allegations of ‘cash for kidney racket’ asserting that the hospital follows every legal and ethical requirement for transplants, including government guidelines.