Country Financial News

Bank of India (RBI) list of holidays for November 2023, banks will remain closed in Gujarat, Maharashtra, Karnataka, and Sikkim for Diwali (Bali Pratipada) today. On Wednesday (November 15), the financial institutions will be closed in Sikkim, Manipur, Uttar Pradesh, Bengal, and Himachal Pradesh on the occasion of Bhai Dooj/Chitragupt Jayanti/Laxmi Puja (Deepawali)/Ningol Chakkouba/Bhratridwitiya. According to the Reserve Bank of India, the three kinds of bank holidays in the country: Holidays under the Negotiable Instruments Act, holidays under the Negotiable Instruments Act Real Time Gross Settlement Holidays, and Banks’ Closing of Accounts.

Oberoi Group passed away this morning, November 14, Tuesday, said a spokeswoman of the Oberoi Group. In an official statement, the company said, “It is with profound grief and sorrow that we wish to inform you of the peaceful passing of our beloved leader, Mr. P.R.S.

Oil prices inched up on Tuesday after an OPEC report said market fundamentals remained strong and due to concerns supplies might be disrupted as the U.S. cracks down on Russian oil exports. Brent crude futures rose 33 cents, or 0.4%, to $82.85 a barrel by 0113 GMT. U.S.

Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India. The minister is in the US on a four-day visit. The world's largest electric car producer Tesla Inc's chief Elon Musk met Prime Minister Narendra Modi in June in New York and after the meeting Musk had said that he planned to visit India in 2024.

El Salvador has introduced a $1,130 fee on travelers from 57 countries, including India, passing through its main airport. This measure, enforced since the end of October, has drawn attention due to its timing amid increasing pressure from the United States to manage migration flows heading towards its southern border. El Salvador's aviation authority has labeled the fee as an «airport improvement fee,» but the motive behind it remains unclear. Notably, the US has been urging Central American nations to take steps to control the flow of migrants reaching its border with Mexico. While El Salvador has not explicitly linked the fee to migration control, the country has acknowledged a rise in travelers from the specified nations this year. Most affected passengers are destined for Nicaragua, primarily on Avianca, a commercial airline. Nicaragua, with its lenient visa requirements, serves as a transit point for migrants from Haiti, Cuba, and Africa, aiming to reach the US. Earlier this year, an unexpected increase in migrants from Mauritania arriving at the US southern border puzzled officials. Investigations revealed travel agencies and social media influencers promoting routes through Morocco, Spain, and El Salvador before reaching Nicaragua. El Salvador's aviation authority and immigration agency lack specific data on the number of migrants from the listed countries transiting the country in 2023. The US embassy has not confirmed if it played a role in requesting the fee.

Last date to submit annual life certificates, deadlines for special FD: 5 money deadlines in November 2023 Bali Pratipad, also known as Bali Padyami, Diwali Padva, Virapratipada, or Dyutapratipada, is the fourth day of Diwali and is celebrated in various regions of the country to commemorate the mythical return of the daitya-king Bali to earth. The lunar fortnight officially begins today.

Deepak Shenoy, Founder, Capital Mind, says: Next year will continue to be a year for a lot of primary manufacturing businesses. And in some sectors, there will be extraordinarily large profits, including defence and railways. But in the banking sector, we are going to see some profit pool expansion because this year has been one of margin contraction. Also we should see some reasonable profit growth in auto. ” Shenoy also says he is very biased in favour of Reliance as the House is long Reliance and think it is going to be a lot more valuable in the future. “We just have to wait. I do not mind waiting a long time. We do not generally pick a stock only for a year, but in a situation that can last 5 or 10 years, we are comfortable holding until the situation reveals itself.” We have addressed this time and again as to how the grand old blue chips, the likes of HDFC Bank, Reliance have completely eluded the market. You have been quite bullish on Reliance. Where do you see a big trigger coming in from Reliance or do you think Reliance is going to be one of those stories which is consolidated up until now but if the market moves up, it is going to move Reliance along with it instead of being the other way around? Yes, it is interesting that you say that it is one of our largest positions.

Michod has vivid memories of his last trip to India but what truly left an impression on him was witnessing the enchanting synergy between Bollywood superstar Shah Rukh Khan and his Hollywood counterpart, Brad Pitt. Michod had come to the country with Pitt to promote their Netflix satirical film 'War Machine' in May 2017. As part of the promotional campaign, Pitt and Khan came together for an in-conversation session, during which they discussed their respective careers and the many memorable movies that they fronted.

India presents a promising growth story and, ideally, a sustainable one, but the inflow of investments may not match the scale witnessed in China, said Krishna Memani, chief investment officer at Pennsylvania- based Lafayette College's endowment fund. In an interview with Rajesh Mascarenhas, the seasoned money manager said sectors like healthcare and technology can deliver exceptional growth. Edited excerpts: What is your evaluation of India and where does it fit in your portfolio allocation? India's economic growth will be decent, perhaps not as turbocharged as it has been over the last few years. But it will still be the world's largest or fastest growing economy by a wide metric. Although India is an expensive market, foreign investors may have to accept this reality to participate in its growth potential, hoping that growth justifies the high valuation. However, Indian stakeholders must remain cautious. While India presents a promising growth story and, ideally, a sustainable one, the inflow of investments may not match the scale witnessed in China. Therefore, expectations should not outpace the capital allocation process. India is attracting attention from global fund managers alongside Brazil, albeit for different reasons, making them the focal point in the emerging market landscape.

India has spearheaded recommendations for Canada to fortify measures preventing attacks on worship places and effectively address hate speech. The proposals were presented during the UN Human Rights Council Review meeting, where diplomats from India, Bangladesh, and Sri Lanka shared their insights and recommendations. Indian diplomat Mohammed Hussain noted legislative enactments such as the National Housing Strategy Act and the Accessible Canada Act while addressing the issue at the Council meeting. «We note the enactment of the National Housing Strategy Act, Accessible Canada act, and National strategy to combat human trafficking,» said Hussain addressing the UNHRC review meeting. India also recommended that Canada strengthen its domestic framework to prevent the misuse of freedom of expression, particularly for inciting violence. Additionally, India urged Canada to disallow activities of groups promoting extremism, prevent attacks on places of worship of religious and racial minorities, and enhance measures to address hate crimes and hate speech. «India recommends the following to Canada — further, strengthen the domestic framework to prevent misuse of freedom of expression, for inciting violence and disallow activities of groups that are promoting extremism; effectively prevent attacks on places of worship of religious and racial minorities, strengthen legislative and other measures to address hate crimes and hate speech,» he also said. Bangladesh diplomat Abdullah Al Forhad commended Canada's progress in human rights protection and acknowledged the ongoing implementation of its strategy to combat human trafficking.

Medibank Private is the $9.6 billion gorilla giving London-listed buyout giant Intermediate Capital Group and Switzerland’s Partners Group a major headache in their quest to acquire Cura Day Hospitals.

Children's Day in the country. Nehru was a strong advocate for children's education and rights. He believed in an inclusive education system and that a nation could only prosper.

“I had forgotten how bad the stench could be, and it felt very scary to be so closely packed with other people,” he told ET. The experience sent him scurrying back to buying meat from online stores such as Licious and FreshToHome, he said.

Accenture, Cisco, HCL Tech, Dell, Uber and Flipkart are pulling out the stops to move the needle on female representation in their tech workforce through initiatives like reaching out to Tier-2 and Tier-3 cities for talent; inclusive AI-powered skill-based hiring practices to help reduce unconscious biases in recruitment; mentoring and career development initiatives; caregiving support structures, and returnship programmes. As of 2023, women account for 27% of India’s STEM workforce, compared to 32% of the non-STEM workforce, according to the recent Global Gender Gap Report 2023 by the World Economic Forum.

By David Lawder

Here's everything we know so far about the highly anticipated 'Squid Game' Season 2, offering insights into what lies ahead, casting details, production updates, and the anticipated Netflix release date.

Canadian companies are painting a stark picture of a consumer who’s pulling back on spending, as rising debt payments and inflation force households to change their behaviour.

BUENOS AIRES (Reuters) — Analysts polled by Argentina's central bank raised their estimate for annual inflation for this year to 185.0%, the bank said on Monday, up from last month's estimate of 180.7%.

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By Marcela Ayres

S Jaishankar, who is on a five-day official visit to the United Kingdom to give “new impetus to the friendly ties", Monday said India and Britain are currently focusing on a free trade agreement (FTA) and hoped that both the countries would find a "landing point" workable for both of them. The Indian foreign minister said the Agenda 2030 put greater emphasis on connectivity, trade, and working together when it comes to defence and security, health and all climate change. "We are focusing on what is officially called an enhanced trade partnership.