Country Financial News

Two recent developments with respect to India’s labour market warrant our attention. First, the United Nations estimated India to have surpassed China as the world’s most populous country, with our share of working age population to increase for another 13 years. Second, Professor Claudia Goldin won the Nobel Prize in Economics for her work on female participation in the workforce.

Lok Sabha Elections. Campaigning, mudslinging, blame games have all intensified with the BJP attacking the incumbent Congress government in Rajasthan, and Congress attacking BJP.

Galaxy Leader, was hijacked on Sunday in the southern Red Sea by Yemen’s Houthi rebels, reported AP. The vessel en route from Turkey to India is believed to be having 25 people on board. Houthi rebels, who control northern Yemen and its Red Sea coast, said the vessel was Israeli.

By Toby Sterling

By Alex Lawler

Rahul Gandhi for calling Prime Minister Narendra Modi a “panauti (bad luck)". Speaking at a rally in poll-bound Rajasthan on Tuesday, Gandhi indirectly blamed PM Modi for the Team India's loss at ICC World Cup 2023. Gandhi said in the Barmer district of Rajasthan, "Our guys were playing well, they would have won the world cup.

Canada with his Australian counterpart Penny Wong. In his meeting with Wong, Jaishankar raised the issue of extremism and radicalism in Canada. Jaishankar said, “Yes, I spoke about it to Minister Wong today.

World Cup 2024, which will now be held in South Africa, said International Cricket Council in a press release on 21 November. The decision was taken by the apex cricketing board after the ICC Board met on Tuesday. Earlier, Sri Lanka Cricket (SLC) was suspended for breaching its obligations as a member, after ICC said that the country's cricket board failed to manage its affairs autonomously and without government interference.

OneWeb has been granted the necessary regulatory approvals from the Indian National Space Promotion and Authorization Centre (IN-SPACe) to launch commercial broadband services in India. OneWeb, which has recently completed a merger with France’s Eutelsat, has become the first entity in India to be granted the approval from IN-SPACe. With approval from IN-SPACe, the Eutelsat OneWeb has secured all the necessary permissions and now needs spectrum allocation from the Department of Telecommunications (DoT) to commence commercial connectivity services. IN-SPACe is the agency of the Government of India, responsible for regulating space activities and granting authorisation for conducting the space activities in the country. Bharti Group Chairman and Vice-President (Co-Chair) of the Board of Directors of Eutelsat Group, Sunil Bharti Mittal, said Eutelsat OneWeb is ready to deploy as soon as it receives the final spectrum authorization to launch commercial services. Any entity which wants to offer satcom services in India must get approvals from IN-SPACe, a global mobile personal communication by satellite services (GMPCS) licence and spectrum from the DoT.

ICC Board on Tuesday shifted the next year's men's Under-19 World Cup from Sri Lanka to South Africa, 11 days after the world governing body provisionally suspended the cricket body in the island nation due to government interference. In fact it was Sri Lanka Cricket (SLC) that had reached out to ICC and notified about the government interference in the running of cricket in the country. SLC and the Sports Ministry have been at loggerheads for some time.

By Florence Tan and Alex Lawler

COPENHAGEN (Reuters) — A group of U.S. pension plans has lost a bid to block Denmark's tax agency from pursuing millions of dollars from them in a «cum-ex» tax fraud case after a judge in a New York district court ruled the trial could proceed.

By Steve Scherer

Supreme Court on Tuesday dismissed a plea of the National Investigation Agency (NIA) against the Chhattisgarh Police probe into an FIR alleging larger conspiracy in the 2013 Jheeram Ghati Naxal attack that killed 29 people, including leaders of the state Congress unit. A bench of Chief Justice DY Chandrachud and Justices JB Pardiwala and Manoj Misra said, «Sorry, we would not like to interfere.

Unifi Capital on Tuesday said it has received capital markets regulator Sebi's in-principle approval to set up a mutual fund house. The company had applied with the Securities and Exchange Board of India (Sebi) in December 2020 for a mutual fund licence. «Our mutual fund will enable us to go deeper and wider, bringing our investment products to the full spectrum of investors for the very first time. What excites our team the most is not just having larger assets, but the opportunity to make a mark as an outstanding performer; that is what we would continue to stand for with investors,» Sarath Reddy, Founder of Unifi Capital, said in a statement. Earlier this week, Unifi received Sebi's in-principle nod to commence work on its mutual fund, the statement noted.

Maruti Suzuki India has announced the winners of Cohort 8 of its Mobility & Automobile Innovation Lab (MAIL) – a program part of Maruti Suzuki Innovation umbrella.

The World Health Organization (WHO) on Monday said that it is advancing the global fight against acute malnutrition in children under 5 with the launch of its new guideline on the prevention and management of wasting and nutritional oedema (acute malnutrition).

Systematic Lump Sum Withdrawal (SLW) from National Pension System (NPS) account may be extended up to 100 per cent so that the funds may remain under the NPS corpus for a longer tenure, PFRDA chairperson Dr Deepak Mohanty said at the NPS Chintan Shivir on Monday (Nov 20).

Narendra Modi, Congress leader reportedly today said that India would have won World Cup final against Australia but because of Panauti they lost the match. Rahul said this while addressing a election rally in Rajasthan's Jalore.

Byju’s founder and chief executive Byju Raveendran has written a note to his shareholders informing them the firm is fully compliant with Foreign Exchange Management Act (FEMA) regulations. Raveendran in a note to shareholders said a top law firm in the country had conducted a due diligence on its FEMA compliance. “..which ( an email) highlights the results of a comprehensive due diligence conducted on Byju’s. The email confirms that the due diligence found no FEMA violations at Byju’s,” Raveendran’s note to shareholders said.

On 19 November, the world celebrated the 10th Women's Entrepreneurship Day, an annual effort to bring to the fore the issues faced by women business leaders. In the last official economic census a decade ago, just 14% of all establishments in India were led by women. The share is estimated to have improved since then to over 20%, but the likes of Kiran Mazumdar-Shaw, Vandana Luthra and Falguni Nayar remain rare examples in an arena flooded with male leaders.