Country Financial News
19.11 / 07:59
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Marvell
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donates
Nelson Mandela would be ‘highly disappointed’ in today’s leaders, says great-grandson
In the West Bank city of Ramallah, sits a six-meter-high bronze statue of Nelson Mandela, donated by the South African city of Johannesburg in 2016. A reminder of the long-standing bond and kinship the Nobel Peace Prize winner shared with the Palestinian people.
19.11 / 07:05
Provident
economy
Experts
country
NOT
Conditions not ripe to make INR a hard currency: GTRI
India should become a middle-income country and then push to make INR (rupee) a hard currency, and till then, it must promote the settlement of global trade in the local currency, think tank GTRI said on Sunday. Global Trade Research Initiative (GTRI) said that transforming a currency into a hard currency is a complex process that hinges on several pivotal factors. Firstly, economic stability is paramount; a country must exhibit low and stable inflation, consistent growth, and a balanced trade environment.
19.11 / 06:26
Provident
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information
Department
guidelines
UP govt bans production and sale of halal-certified food products
Uttar Pradesh government on Saturday passed orders banning the production and sale of certain halal certified food products while calling for action against organisations associated with production and sale of halal certified drugs and cosmetics in what officials said was a bid to discourage unauthorised private bodies granting halal certificates to certain non-meat products driven by a «malicious attempt to exploit a specific religious sentiment and potentially incite discord among communities». The government in its orders passed by the food safety and drug administration department said that while information regarding halal certification on labels of drugs and cosmetics amounts to «misrepresentation» and is thus punishable under The Drugs and Cosmetics Act of 1940 as the act has no provision for halal certification; for food items, halal certification on non-meat products like dairy items, sugar, bakery products etc is akin to a system «parallel» to the standardisation provided by the Food Safety and Standards Authority of India (FSSAI), creating a situation of «confusion» and is thus also liable to be punished for misrepresentation under the Food Safety and Standards Act, 2006. The union commerce ministry had earlier this year notified guidelines for certification of halal meat products saying that only bodies accredited by the NABCB (national accreditation board for certification bodies) can issue valid halal certificates.
19.11 / 06:26
Target
Divinity
performer
country
blues
reports
gatherings
Special prayers, Aarti, Havan: Indians look to heavens for Team India's win in CWC Final
ODI World Cup 2023 Final between India and Australia at Narendra Modi Stadium on Sunday, fervent prayers, aarti, and havans were conducted across India as fans sought divine intervention for a triumphant outcome for the Men in Blue. In Prayagraj, members of the transgender community joined in prayer for the victory of the 'Men in Blue' in the highly anticipated Final against the five-time World Cup champions, Australia, as reported by ANI. Simultaneously, a 'hawan' took place at Mumbai's Madhavbaug Temple, where cricket enthusiasts fervently prayed for the success of Rohit Sharma-led India against the formidable Aussies.
19.11 / 06:26
Citi
Audi
President
Celebrity
performer
country
Mercedes, Audi see record sales in festive season this year
Mercedes and Audi have dispatched record units this festive season as the demand for high-end cars continues to grow in the country. Driven by brisk sales throughout the year, the luxury car industry in India is hopeful of achieving its best-ever performance this year. In an interaction with PTI, Mercedes-Benz India Managing Director Santosh Iyer said the festive season this year from Onam to Diwali has been better than last years', owing to multiple new launches, an attractive portfolio and also strong customer sentiment.
19.11 / 06:13
Provident
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Platform
Pinduoduo
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exclusive
Australian
China’s Temu takes off with Australian bargain shoppers
Discount Chinese marketplace Temu has shot to the number three spot in the Australian e-commerce rankings, unseating better-known homegrown competition Kogan, Catch and MyDeal, just six months after making its debut in this country.
19.11 / 05:55
FIVE
country
reports
SAIL working on plans to expand capacity by 15 MT in phase 1: Chairman Amarendu Prakash
SAIL has started working on plans to expand its installed capacity by 15 million tonnes (MT) in the first phase, the company's Chairman Amarendu Prakash said. Its current installed steel-making capacity is about 20 million tonnes per annum (MTPA), Prakash said. «It has been kicked off.
19.11 / 05:55
Citizens
Cummins
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country
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gatherings
Indian team will prevail against Australia and lift World Cup for third time: Sachin Tendulkar
Sachin Tendulkar, who arrived in Ahmedabad earlier on Sunday to attend the World Cup final between India and Australia, said he was hopeful that the hosts would lift the coveted trophy for the third time in its cricketing history. The final between the two-time champions and the five-time winners will be staged at the Narendra Modi Stadium, which is acknowledged as the biggest cricketing arena in the world. Speaking to reporters on his arrival at the Ahmedabad airport on Sunday, the 'Master Blaster' said, «I have come here to extend my good wishes. Hopefully, the Indian team will prevail against Australia and lift the World Cup for the third time.
19.11 / 05:55
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ESPN
From insults, a ‘Reliance World Cup’ to the richest cricketing board in the world: The rise and rise of BCCI
1983 — the year that transformed cricket in India. June 25, to be exact. Kapil Dev & co lifted India’s maiden World Cup trophy, having beaten the fiery West Indies on British soil. India would have to wait another 28 years to win the trophy again, this time on home turf. It’s 2023. And the cricketing world is witnessing a young Indian team as it cements its position at the top in the 50-overs format once more. But what drove India’s stake in the Britain-born game?
19.11 / 05:29
country
"Petrol to be cheaper...": Union Minister Hardeep Puri makes big poll claim in Rajasthan
Rajasthan if the BJP is elected in the November 25 Assembly elections. Addressing a poll event in the state capital, Jaipur, on Saturday, the Union Petroleum Minister said, «I am being asked what will change in the state if the BJP comes to power in Rajasthan. Firstly, I am confident that the BJP is on course to form the government here.
19.11 / 05:29
economy
pandemic
country
voice
electronic
reports
How and why India got inducted into elite anti-China critical minerals club
critical minerals that, among other things, are key to transitioning to clean energy with some prodding from the US in the run-up to Prime Minister Narendra Modi's state visit. The major factors aiding India's induction into this group included the sheer size of its market, criticality in meeting the global goals for mitigating greenhouse gases and, as the voice of the Global South, a phrase used for less developed and developing countries. The Minerals Security Partnership, as the group founded in June 2022 is called, seeks to offer an alternative to China's dominance in mining and processing critical minerals such lithium, cobalt, copper and others. Lithium is a key component of batteries and demand for it is estimated to go up by more than 40 times in view of the large-scale transitioning to electric vehicles of all kinds — cars, buses and two-wheelers — over the next couple of years. Australia, a member of the MSP, is the largest producer of this mineral and China is the third largest. These countries want to put together a supply chain in critical minerals — from exploration to mining to processing to distribution — that is safe from disruptions, the kind triggered by unforeseen events such as the Covid-19 pandemic, or manipulation by monopoly majority stakeholders. Geoffrey Pyatt, the US Assistant Secretary of State for Energy Resources, set the conversation rolling during a visit to India prior to the Prime Minister's visit. Though he wouldn't say that this was like an «American demand», he said this when asked if India sought membership of the group or it was persuaded to join it. «We were both pushing on an open door.
19.11 / 04:33
Manufacturing
Action
economy
country
electronic
Charting the global economy: Expectations of global growth improves, but rebound remains fragile
Inflation eased in both the US and UK, prompting bets that central banks on both sides of the Atlantic will start cutting interest rates by the middle of next year. Meantime, expectations for growth across Europe are improving, but the rebound remains fragile in the European Union’s east. The economic recoveries underway in China and Japan are also shaky given slowing consumption, among other factors. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: US US inflation broadly slowed in October, which markets cheered as a strong indication that the Federal Reserve is done hiking interest rates.
19.11 / 04:33
Citi
Provident
Racing
country
social
reports
cricket
Bets from UK to US see India as strong favorite to win cricket World Cup & pave the way for Olympics
In Australia, Sportsbet is offering 1.4 times the amount for bets on India winning the game, less than half the payout for an Australia win at 2.9 times, as of Friday. Betfair, based in the UK, presents a similar payout, with an India win earning speculators 1.49 times the money they wager, less than half of the payout for Australia at 3 times.
19.11 / 03:59
Racing
President
Divinity
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US elections
2024
US Elections 2024: I am a Hindu, it's my duty to realise God's purpose, says Vivek Ramaswamy about Presidential bid
US Presidential Elections: Nikki Haley leads Joe Biden with 55%, new poll shows "My faith is what gives me my freedom. My faith is what led me to this presidential campaign...I am a Hindu. I believe there is one true God.
19.11 / 03:59
President
country
reports
travelers
Israel-Hamas War: Joe Biden rejects ceasefire call in Gaza, says ‘every cease-fire is time Hamas exploits...'
The Washington Post. "As long as Hamas clings to its ideology of destruction, a cease-fire is not peace.
19.11 / 03:59
Provident
FIVE
Manufacturing
Action
Highways
country
Uttarkashi tunnel collapse: PMO joins rescue ops; vertical hole, new road among 5 rescue options explored. 10 points
PTI. 5. Earlier on Saturday, Former Prime Minister Office (PMO) advisor Bhaskar Khulbe said that teams deployed at the Silkyara tunnel require a coordinated action for the rescue operation which is underway at the site adding that multiple options are being explored to save their lives. Speaking to ANI, Bhaskar Khulbe said, “We are exploring as many options as possible to rescue workers.
19.11 / 03:41
country
PM Modi pays tribute to Indira Gandhi on her 105th birth anniversary
Indira Gandhi on her 105th birth anniversary. Taking to his official handle on X, PM Modi posted, «On her birth anniversary, tributes to Smt Indira Gandhi, India's former Prime Minister.» Born on November 19, 1917, Indira Gandhi left an indelible mark in national politics and served as the third Prime Minister from 1966 to 1977 and again from 1980 until her assassination on October 31, 1984. The country's first, and, to date, only female prime minister, she emerged as a central figure in Indian politics as the leader of the Congress. The daughter of Jawaharlal Nehru, the first prime minister of independent India, Indira was succeded in the country's highest office by her son Rajiv Gandhi. Her combined tenure of 15 years and 350 days made her the second-longest-serving PM after her father. Meanwhile, Prime Minister Modi, in a separate post, also extended birthday greetings to Union Minister Kiren Rijiju. «On his birthday, my best wishes to Union Minister Kiren Rijiju Ji. He is known for his energetic nature and is making an outstanding contribution in aspects relating to earth sciences, which particularly benefit our farmers and scientists.
19.11 / 03:17
Cooper
Landmark
country
2020
India-Australia 2 + 2 Ministerial on Monday amid Canberra’s efforts to improve ties with Beijing
India and Australia are expected to hold their 2 + 2 (Foreign & Defence Minister) Ministerial here on Monday eyeing to expand the strategic partnership even as the Australian PM sought to improve Canberra’s ties with China during his recent visit to Beijing. Australian Foreign Minister Penny Wong and Defence Minister Richard Marles would engage with their Indian counterparts S Jaishankar and Rajnath Singh respectively threadbare on the situation in the Pacific region and SE Asia where China has upped the ante. India has been closely following efforts by Australia to improve its ties with China after a downturn in relations over the past few years, ET has learnt.
19.11 / 03:17
Cooper
Manufacturing
President
Experts
country
Donald Trump vows to kill Asia trade deal being pursued by Joe Biden if elected
Donald Trump, the frontrunner for the Republican presidential nomination, said on Saturday that he would kill off a Pacific trade pact being advanced by U.S. President Joe Biden if he were to win the 2024 election and return to the White House. Speaking to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out U.S.
19.11 / 02:01
Citi
Metro
Instagram
country
social
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Updates
India vs Australia Live Score Updates, World Cup Final: Rohit and Co. favourite to win the final?
Weather forecast in AhmedabadThe routine pre-winter weather conditions are expected to prevail in Ahmedabad on November 19, when India will face Australia in the high-stake final of the ICC One-Day International (ODI) World Cup 2023, at the city's Narendra Modi stadium.Australia vs India today: When, where and how to watchThe Australia vs India final match will air live on Indian television via Star Sports channels. Indian viewers can also enjoy free live streaming of these matches on the Disney+Hotstar app and website.
19.11 / 02:01
Provident
Target
country
reports
Department
recommendations
guidelines
UP bans halal-certified products: What are they and what's the controversy?
defines Halal Food as that which is permitted under the Islamic Law. "All lawful land animals should be slaughtered in compliance with the rules laid down in the Codex Recommended Code of Hygienic Practice for Fresh Meat," the FAO guidelines say. ALSO READ: Uttar Pradesh bans manufacturing, storage, distribution and sale of halal-certified products One of the many requirement is that the slaughter act should sever the trachea, oesophagus and main arteries and veins of the neck region" of the animal.
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