Country Financial News

King Charles III has hosted South Korean President Yoon Suk Yeol and his wife at a glittering banquet at Buckingham Palace, as Britain rolled out the red carpet for a formal state visit aimed at strengthening trade and defense ties between the two coun...

A culinary issue erupted as the European Parliament prepares to vote on Wednesday on a proposal about packaging waste

Argentina’s president-elect has given the first signals of how he plans to shake up South America’s second-largest economy

G20 Leaders' Summit, as stated by the Chinese Foreign Ministry. Meanwhile, China expressed its hope that the virtual summit will facilitate the gathering of consensus and convey a positive message in this regard.

Gandhar Oil Refinery India will open for subscription today and remain open until November 24. The company aims to raise ₹302 crore via the issuance of fresh equity shares, whereas existing shareholders and promoters will offload 11,756,910 shares, aggregating to ₹198.69 crore. The total size of the IPO was ₹500.69 crore.

Also Read: Tata Technologies IPO vs IREDA IPO vs Gandhar Oil Refinery IPO: Which upcoming IPO is better? The products were sold in more than 100 countries worldwide as of June 30, 2023. With the support of our extensive global supplier base and manufacturing operations in India and the United Arab Emirates, Gandhar Oil Refinery India served over 3,500 customers in the Financial Year 2023, including well-known Indian and international businesses like Procter & Gamble (P&G), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, and Amrutanjan Healthcare, as per Red-herring prospectus (RHP).

Leucine Rich Bio has announced its entry in the Philippines market with its microbiome testing kit called the BugSpeaks. This strategic move of the Indian microbiome company comes in partnership with Cognoa International Inc., a Philippines company specialising in probiotics and gut health.

regulatory approval processes in the UK impact India's exports of medical devices to the British market, think tank GTRI said on Wednesday. To promote exports of these devices, it said, India should negotiate a Mutual Recognition Agreement (MRA) to expedite the entry of these equipment into the UK market, particularly for devices with CDSCO (Central Drugs Standard Control Organisation ) licence or Quality Council of India's Indian Certification of Medical Devices (ICMED) certification.

banks and NBFCs, Reserve Bank of India's Governor, Shaktikanta Das on Wednesday said banks must constantly evaluate their exposure to NBFCs and exposure of individual NBFCs to multiple banks. «Given the increasing importance of NBFCs (Non-Banking Financial Company), the increasing interconnectivity between banks and non-banks merits close attention.

Singapore's Temasek Holdings warned that scammers are allegedly trying to sell financial investment products or instruments to unsuspecting individuals while posing as agents of the firm's office in Shenzhen, China.

Canada Prime Minister Justin Trudeau will participate in the virtual G20 Leaders' Summit, hosted by India. The Canadian Prime Minister's officer released Trudeau's schedule for Wednesday which has him joining in the meeting virtually Trudeau's attendance in the virtual meeting comes amidst a diplomatic standoff between India and Canada.

Google Doodle today highlighted the Netherlands' National Elections 2023, which is set to take place on November 22, 2023. This comes after Dutch Prime Minister Mark Rutte earlier this year said he is retiring from politics after a 13-year long term leading the country. The decision is significant and was seen as "shocking" as Rutte has been dubbed 'Teflon Mark' for his longevity in politics.

Prime Minister Narendra Modi will host the virtual G20 Leaders' Summit on Wednesday evening, marking a significant convergence of global leaders. As reported by ANI, the summit will include the participation of leaders from all G20 member countries, the Chair of the African Union, and representatives from nine guest countries, along with the heads of 11 international organizations—all of whom have been extended invitations to attend.

Saudi Arabia's Crown Prince Mohammed bin Salman on Tuesday urged all nations to cease weapon exports to Israel, according to Al Arabiya Post. Saudi Arabia's Crown Price made this request during an extraordinary BRICS Joint Meeting, which was being held virtually to address the Israel-Hamas conflict. South Africa is hosting the BRICS groups of nations to convene the virtual BRICS Extraordinary Joint Meeting. Saudi Arabia further demanded the start of a serious and comprehensive peace process to establish a Palestinian state along the borders of 1967, reported Al Arabiya Post. «The Kingdom's position is constant and firm; there is no way to achieve security and stability in Palestine except through the implementation of international decisions related to the two-state solution,» he stressed. The Saudi Crown Prince restated the country's rejection of Israel's military operations in the Gaza Strip and demanded an immediate halt to them. Additionally, he said that the «brutal crimes» unfolding in Gaza demand a collective effort to bring them to an end, Al Arabiya Post reported. At the meeting, the Crown Prince reiterated Saudi Arabia's rejection of the forced displacement of Palestinians from the Gaza Strip and called for collective efforts to stop the deterioration of the humanitarian conditions in the enclave. Since the beginning of the war, Saudi Arabia has made tireless efforts to protect civilians in the Gaza Strip, he added. The BRICS extraordinary meeting was hosted by the BRICS chair South Africa who accused Israel of war crimes and «genocide» in the Palestinian territory.

Carbon-free electricity has never been more plentiful. Wind and solar power have taken off over the past two decades, faster than experts ever expected.

stock market reacted with optimism Tuesday to the resounding election win by libertarian Javier Milei, despite the country being gripped by uncertainty over what changes the self-described «anarcho-capitalist» will bring. Milei, a 53-year-old economist who has vowed to scrap multiple government departments and sometimes campaigned by waving a chainsaw from the stage, trounced Argentina's long-dominant Peronist coalition as voters punished the government for decades of economic decline. Latin America's third-biggest economy is creaking under annual inflation of 143 percent. Monday, the day after the election, was a public holiday in Argentina, delaying the market reaction.

Russia’s pivot to the Global South, Western, South and Central Asia is strategic and long-term. While Moscow’s partnership with New Delhi has deep mental and cultural roots, Russia-China ties does not have dimension of a military alliance, Prof. Alexander Dynkin, President of IMEMO (Russia’s top think tank) & leading economist tells ET’s Dipanjan Roy Chaudhury ahead of Primakov Readings (Russia’s premier foreign policy forum) in Moscow on October 27-28.

Chinese government has expanded its campaign of closing mosques to regions other than Xinjiang, where for years it has been blamed for persecuting Muslim minorities, according to a Human Rights Watch report released Wednesday. Authorities have closed mosques in the northern Ningxia region as well as Gansu province, which are home to large populations of Hui Muslims, as part of a process known officially as «consolidation,» according to the report, which draws on public documents, satellite images and witness testimonies. Local authorities also have been removing architectural features of mosques to make them look more «Chinese,» part of a campaign by the ruling Communist Party to tighten control over religion and reduce the risk of possible challenges to its rule. President Xi Jinping in 2016 called for the «Sinicization» of religions, initiating a crackdown that has largely concentrated on the western region of Xinjiang, home to more than 11 million Uyghurs and other Muslim minorities. A United Nations report last year found China may have committed «crimes against humanity» in Xinjiang, including through its construction of a network of extrajudicial internment camps believed to have held at least 1 million Uyghurs, Huis, Kazakhs and Kyrgyz. Chinese authorities have decommissioned, closed down, demolished or converted mosques for secular use in regions outside Xinjiang as part of a campaign aimed at cracking down on religious expression, according to Human Rights Watch. The Chinese Foreign Ministry did not immediately answer faxed questions seeking comment on the report and its official policies toward Muslim minorities. One of the first known references to «mosque consolidation» appears in an internal party

An economic disruptor has won Argentina’s presidency. Javier Milei, who describes himself as an “anarcho-capitalist", intends to impose a radical agenda. He wants to reduce ministries from 18 to eight, crunch public spending from about 38% to 23% of GDP, privatize state enterprises, and get rid of many levies and regulatory controls.

Among the concerns often raised in connection with the proliferation of digital public infrastructure (DPI) is the worry that nations that are reliant on digital systems for the delivery of public services will end up excluding those incapable of accessing these digital solutions from the benefits these systems were built to offer. As digitization efforts accelerate across the globe, the schism between those who can access these systems and those who cannot is only going to get more acute. Most people associate digital capacity with connectivity.

Gandhar Oil Refinery IPO: The initial public offering (IPO) of Gandhar Oil Refinery Ltd has hit primary market today and it will remain open for bidding till 24th November, 2023. The white oil manufacturer has fixed Gandhar Oil IPO price at ₹160 to ₹169 per equity share. The oil maker aims to raise ₹500.69 crore from its initial public offer and it is proposed for listing on both BSE and NSE.