Country Financial News

investment in units of international ETFs with a mandate to invest in US treasury securities across different durations. It's important to note that there is no guarantee that the scheme will achieve its investment objective. Investors can invest under the scheme with a minimum investment of ₹500 per plan/option and in multiples of Re 1.

David Ward, executive president, Global New Car Assessment Programme (Global NCAP) said. “India, a country with one of the highest fatal road accidents, should avoid going the United States way of going in for more sports utility vehicles (SUVs) as they make the roads less safe for other small car occupants, pedestrians and cyclists,” he said.

Amit Shah Tuesday asserted that the concept of «one flag, one prime minister, one constitution» was not a political slogan and the BJP firmly believes in the principle and finally implemented it with regard to Jammu and Kashmir. Responding to a remark by TMC's Saugata Roy in the Lok Sabha that «ek nishan, ek pradhan, ek samvidhan (one flag, one head, one constitution)» was a «political slogan», Shah wondered as to how can a country have two prime ministers, two constitutions and two flags. He said Roy's remarks were «objectionable». While responding to a remark from the opposition benches, Shah said, «Whosoever did it was wrong.

Global South needs to adopt digital public infrastructure to technologically leapfrog and achieve sustainable development goals (SDGs), India's G20 Sherpa Amitabh Kant said on Tuesday. Addressing an event organised by Carnegie India, Kant said now the world will grow on the back of digital public infrastructure. He said if the the world has to grow equitably then the global south is important because 4 billion people still do not have digital identity, 1.3 billion people do not have a bank account, while 133 countries in the world do not have fast payments.

Nirmala Sitharaman said on Tuesday that amidst the global turmoil and sorry state of affairs as regards the banking systems, the Indian banks continue to stand healthy, strong, and resilient. The finance minister noted that banks have recovered Rs 33,801 crore from wilful defaulters by March 31, 2023, and efforts are underway to tackle wilful defaults and reclaim funds «In our country, not only the non-performing assets (NPAs) are coming down, but also the profit margins are going up,» she said while replying to a question in the Rajya Sabha. Sitharaman observed that even when last year, major bank collapses happened in the USA, Switzerland and Germany, India is showing NPAs coming down year after year.

Coinbase, one of the leading cryptocurrency exchanges based in the United States, has highlighted the importance of stablecoins in facilitating seamless transactions. 

Vinayak Chatterjee, The Infravision Foundation, says “Power generation, energy storage and construction companies that are well run are still attractive. People in the cables, insulators, smart meter businesses which supply goods and services to the electricity distribution market are worth careful scrutiny. In the power sector, in the next 5 to 8 years, India is going to see a rising trajectory of increasing power rates. All generating companies, whether in thermal or in renewables are actually going to see a long period of very attractive profitability. So power generation companies certainly would be my priority for today's discussion.” Since there are so many ancillaries of the larger infrastructure story that you track, l Let me start off with power demand because in the last eight months have seen a very, very robust 8% kind of growth. With the kind of GDP figures and PMI figure coming in. do you expect the fiscal year energy demand to show double digit growth? High single digit or double digit growth is well spoken for. Everybody who is tracking the power sector has figured out that some interesting dimensions are happening in the market. One, as you rightly said, the domestic consumption across all sectors is growing very, very favourably. Now added to that is the fact that there has been a conscious slowdown in the addition of fresh thermal capacity in the last few years, with the expectation that renewables would kind of fill the space.

(Reuters) -Ratings agency Moody's (NYSE:MCO) on Tuesday cut its outlook on China's government credit ratings to negative from stable, citing lower medium-term economic growth and risks from a major correction in the country's vast property sector.

By Victoria Klesty

Investing.com — European stock markets traded in a mixed fashion Tuesday, as investors awaited more regional economic data while assessing the outlook for central bank interest rate cuts. 

Will the real estate sector witness a rise in women homebuyers in 2024? The report underscored that stereotypes regarding women’s commitment and competence, social norms influencing work environments, and the misconception that diversity does not enhance profitability contribute to a web of obstacles affecting women’s career paths. Besides, the report noted that the scarcity of qualified women candidates hinders their entry, retention, and advancement in healthcare leadership roles.

ICICI Bank, one of the largest private sector banks in India, gained 2.28% in today's trade, setting a new record high of ₹1,013.85 apiece. The stock's previous peak was recorded in July 2023 at ₹1,008.70. According to the latest data from BSE, ICICI Bank is currently ranked as the fourth most valued Indian listed firm.

slicing down and burning the rainforest. Not only did he make no effort to stop them; he went out of his way to hobble the agencies charged with policing environmental crimes. His ejection by voters last year gave the Amazon a much-needed respite.

Stock market today: Shares of Cupid Ltd are one of the multibagger stocks that Indian stock market has delivered in 2023. In year-to-date (YTD) time, tghis multibagger stock has risen to the tune of 250 per cent. However, it seems that the pharma stock has still some steam left.

cashless medical treatment facilities for victims of road accidents across India within the next few months. This initiative will be part of the amended Motor Vehicle Act 2019 (MAV2019) and will be fully implemented nationwide.

“The outlook change reflects increased risks in China related to structurally, persistently lower medium-term economic growth,” Moody’s said. The agency affirmed China's overall rating at 'A1'. The agency expects China’s property sector to remain smaller in proportion to the entire economy than it was before the property correction which began in 2021. Moody’s now expects China’s annual GDP growth to be at 4 per cent in 2024 and 2025 and at an average of 3.8 per cent between 2026 and 2030.

BEIJING — More controls on tech exports to China will be coming as needed, despite business concerns, U.S. Commerce Secretary Gina Raimondo told CNBC in an exclusive interview.

Andhra Pradesh within the next few hours. The police said that many families including pregnant women, children, and senior citizens were rescued from different areas who were stuck due to wreak havoc of Cyclone Michaung. As per the IMD, during landfall, Michaung is expected to bring gales with speeds of 90 — 100 km per hour, gusting up to 110 kmph. The weather system over the west-central Bay of Bengal, running along and off the south Andhra Pradesh coast, is likely to move nearly northwards, parallel and close to the south Andhra Pradesh coast, Met Department said. Meanwhile, Chennai airport, one of the busiest airports in the country resumed operations on Tuesday morning after being shut for hours due to adverse weather conditions. «Traffic has been closed on Manjambakkam to Vadaperumbakkam Road due to the release of water from the Puzhal Lake,» police said. At least eight people have lost their lives while multiple roads and subways are closed due to waterlogging in the wake of the cyclone. Tamil Nadu CM MK Stalin on Tuesday morning inspected the Cyclone affected areas in the state.

SoftBank Corp will invest roughly 473 million euros ($514 million) to take a 51% equity stake in Cubic Telecom that will give the Dublin-based connected-vehicle technology provider greater access to Asian automakers. The Japanese telecommunications arm of tech investment giant SoftBank Group and Cubic «will form a strategic global partnership to pioneer the future of software-defined connected vehicles,» the two companies said on Tuesday.

Logistics (I&L) sector in Kolkata will record a 5-year high supply in 2023 as a result of the completion of pent-up projects across the city and its peripheries. Total I&L supply in 2023 is likely to touch 5.2 mn. sq. ft.

By Gloria Dickie