Country Financial News

housing societies across the country, the Bombay High Court recently ruled that housing societies in India are allowed to collect charges for cultural and recreational activities. Dismissing a petition filed against a resolution passed by a housing society 17 years ago on levying mandatory charges for ‘cultural activities’, the court stated that housing societies should organize such activities as part of their objectives, a TOI report stated. Justice Madhav Jamdar emphasized the importance of social and cultural activities for housing societies, citing bye-law 5(d) which specifically mentions these activities as one of the objectives.

Six teenagers went on trial Monday in Paris for their alleged roles in the beheading of a teacher who showed caricatures of the prophet of Islam to his class, a killing that led authorities to reaffirm France’s cherished rights of expression and secularism.

By Patturaja Murugaboopathy and Gaurav Dogra

Netweb Technologies, one of the country's leading Indian OEMs in high-end computing, soared 10% to ₹892.40 apiece in early Tuesday's trade. This uptick in shares came after the company collaborated with NVIDIA to unlock the potential of AI and high-performance computing. In a regulatory filing today, the company announced that it is now a manufacturing partner for the NVIDIA Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs.

Broadcom Chief Executive Hock Tan shelled out $40,000 to sit at Xi Jinping’s table for the Chinese leader’s recent dinner in San Francisco with the heads of American businesses. Tan had a lot more at stake—a $69 billion deal he was waiting on China to approve. For months, Chinese regulators wouldn’t clear the U.S.

industrial powerhouse, home to over a quarter of the world’s manufacturing—more than America and Germany combined. But its progress has come at a cost in terms of emissions. Over the past three decades China has pumped more carbon dioxide into the atmosphere, in total, than any other country (see chart 1).

The Special Investigation Team formed to investigate the alleged $240 million crypto fraud in India will file chargesheet against the three main accused this week.

By Clyde Russell

SINGAPORE (Reuters) -Oil prices rose slightly on Tuesday due to a weak dollar, and expectations that the OPEC+ producer group would deepen and extend output cuts due to fears demand would remain subdued.

Investing.com-- Gold prices rose slightly in Asian trade on Tuesday, sticking to a six-month high amid growing bets that the Federal Reserve will not raise interest rates any further.

Bharat Petroleum Corporation Ltd (BPCL), and offered a bright picture for its disinvestment. But the market does not think so. Since March, the scrip has not budged at all.

retail investor can look at in the next six months, i.e. till next summer.

DB Realty jumped 3.42% to ₹211.40 apiece in early trade on Tuesday. In a significant development, the company's promoter group has sold 1.46 crore shares, representing a 2.91% stake in the company. The sale of these shares generated a substantial sum of ₹301 crore.

their automobiles. So long, it seems, as they don’t run on batteries. According to a poll published in July by the Pew Research Centre, less than two-fifths of Americans would consider buying an electric vehicle (EV).

BSE rose 5 percent in intra-day deals on Tuesday, extending gains for 3rd session after global brokerage Jefferies initiated coverage on the stock with bullish outlook. Jefferies has initiated a 'buy' recommendation for BSE, setting a price target of ₹2,700, indicating an upside potential of 24 percent. The stock's lower forward P/E ratio compared to other market players suggests a potentially attractive investment opportunity, said the brokerage.

OTTAWA (Reuters) — The potential threat posed by the rapid development of artificial intelligence (AI) means safeguards need to be built in to systems from the start rather than tacked on later, a top U.S. official said on Monday.

ET MSME Awards 2023, which is in its fourth edition, will felicitate 26 outstanding MSMEs (micro, small and medium enterprises) of India on December 8. Small businesses will be recognised for their achievements under five broad categories: Overall Industry Awards, Awards by MSME Category, MSME Enabler Awards, Special Category Awards and Industry Focused Awards. The 26 categories fall under these five main categories. The programme is open to any Indian micro, small and medium scale enterprise, as defined by the Ministry of MSME.

rupee appreciated 2 paise to 83.38 against the US dollar in early trade on Tuesday, tracking a weak American currency and inflow of foreign funds in the domestic equities. Forex traders said, positive sentiment in the domestic equity markets and lower crude oil price also favoured the Indian currency.

Air India completes two years under the Tata group’s ownership, its CEO Campbell Wilson has found that his job is mostly a balance between fighting the airline’s existing legacy issues and exploiting its tremendous future potential. In a recent interview, Wilson spoke to ET about the progress Air India is making in its long, arduous journey to regaining its long-lost status as a globally relevant airline. Edited excerpts: Q1) Let’s start with Air India’s transformation project. The first phase was taxi, which was focussed on legacy issues. The airline is six months into the next phase which is called takeoff, which is focused on developing the platforms, processes and systems needed to build a product of exellence. Where is Air India at right now and how do the next 100 days look like? Ans: We have a five-year roadmap called Vihaan, which has three phases.

North Korean leader Kim Jong Un has reportedly received images of the White House, Pentagon, and US aircraft carriers captured by the country's newly launched spy satellite, as announced by state media KCNA on Tuesday. As reported by Reuters, the satellite, launched last week, is described by North Korea as a reconnaissance satellite designed for monitoring the military activities of both the United States and South Korea.

insurance premiums, lowering of investor confidence in a country seen to be dangerous, and the psychological impact of all-pervasive surveillance and security measures, apart from its corrosive effect on democracy, are all incalculably costly in the long run. On top of this is the loss of velocity of virtually all movement, be it of goods, people or money, congealing the flow of the global economy. Aircraft have lower utilization because of security delays, cash registers in malls slow, and there is a ‘security surcharge’ that we pay.