Country Financial News

commercial vehicle (CV) market may hit a new peak by the end of 2023-24 and continue to advance at a brisk pace next fiscal amid robust demand from construction, mining, and other segments, said Dheeraj Hinduja, executive chairman of Ashok Leyland. As a result, the CV market may defy the traditional demand cycle of an upswing and slowdown, Hinduja said. «We do think that we (industry) will hit a new peak and surpass the previous one,» he told ET.

shock return of Cameron, a former two-time UK prime minister, into the country's politics. While a detailed statement was not immediately shared, Jaishankar took to social media to note that the Ukraine conflict, along with the “situation in West Asia" – an apparent reference to the Israel-Palestine row – was discussed by the two leaders. A discussion around the “Indo-Pacific" also took place during the talks, the Indian foreign minister's post on social media platform X suggested.

Petroleum Corporation Limited (BPCL) is planning to expand its fuel retail network by 14,273 pumps or nearly two-thirds to enhance its share in the rapidly growing domestic fuel market. The company, which operates a quarter of the country's petrol pumps, has reported a profit of ₹19,052 crore for the April-September period, a half-yearly record for the company. It is pressing ahead with fuel network expansion as the demand for petrol and diesel continues to grow on new vehicle sales and expanding economy.

A mere 14% of American voters currently believe that their financial situation has improved since President Joe Biden took office, raising concerns about the potential repercussions for his re-election prospects. A recent poll reveals that approximately 70% of voters perceive the president’s economic policies as either detrimental to the U.S. economy or having no impact at all, with 33% expressing the view that these policies have “hurt the economy significantly.” In contrast, only 26% of respondents believe that Biden’s policies have been beneficial.

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Navalny while she is being tried for alleged "extremism", her associates said Monday. Ksenia Fadeyeva, who led Navalny's now-banned Anti-Corruption Foundation group in the Siberian city of Tomsk, faces up to 12 years in prison if convicted. Fadeyeva had been under house arrest.

New Delhi: The Ministry of Coal has laid out comprehensive plans to significantly boost coal production, targeting 1404 million tonnes (MT) by 2027 and a staggering 1577 MT by 2030, at the current level production of about one billion tonnes per annum, read an official statement from Ministry of Coal. The Ministry of Coal has taken note of the additional coal requirement for supplying to additional 80 GW thermal capacity to be added in the country by 2030. The coal requirement for additional thermal capacity would be around 400 MT at 85 per cent PLF, and the actual requirement may be lower depending on the generation requirements in the coming times due to contributions from renewable sources. Ministry of Coal has plans to produce additional quantity of coal in its production enhancement plan and will ensure adequate availability of domestic coal to thermal power plants. Production plan includes opening of new mines, expansion of mines capacity and production from captive/commercial mines.

Amherst College is the top liberal-arts college in the Northeast, according to the WSJ/College Pulse 2024 Best Colleges in the U.S. ranking. Amherst, rated No.

SKOKIE, Ill.—Descendants of Holocaust survivors and a growing Muslim population live side by side in this diverse Chicago suburb that prides itself on safety and civility. That tolerance is being put to the test as war rages in the Middle East. Skokie has long been known as a welcoming village on Chicago’s northern border, with one- and two-story homes on modest lots and good schools.

WASHINGTON—The Biden administration’s abrupt shift on global technology rules has weakened a critical Asia trade agreement that was intended to help counter China’s growing clout in the region. Rules facilitating digital trade, including the cross-border transfer of data on customers and supply chains, were expected to be a centerpiece of what is called the Indo-Pacific Economic Framework, or IPEF, a U.S.-led group of 14 nations. But the U.S.

ROME (Reuters) — Itay can still achieve economic growth of 0.7% this year despite an expected weak fourth quarter, the country's central bank said on Monday.

By Nikunj Ohri, Shivangi Acharya and Sarita Chaganti Singh

The president of the University of Prince Edward Island (UPEI) had been in his role for less than a year when the school’s vice-presidents sat around a dining table and devised a plan to get rid of him.

Retirement is the pinnacle of most Canadians’ financial plans. But the financial industry’s emphasis on investing means there can be a tendency to overlook alternative strategies that can make retirees better off when they stop working. Here’s a look at some of them.

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.

Here is an outline of the pipeline dispute: WHAT IS THE LATEST? On a visit to Erbil on Sunday, Iraqi oil minister Hayan Abdel-Ghani said he expects to reach an agreement with the Kurdistan Regional Government (KRG) and foreign oil companies to resume oil production from the Kurdish region's oilfields within three days, signalling a potential restart soon. Turkey had said last month the pipeline was ready to begin operations, but Iraq maintained it had received no official notification over the pipeline and a senior energy adviser told Reuters Baghdad was waiting to iron out «lingering financial and technical issues» ahead of any restart. WHY IS IT IMPORTANT? While Iraq, OPEC's second-largest oil producer, exports about 85% of its crude via ports in the south, the northern route via Turkey still accounts for about 0.5% of global oil supply. WHAT PROMPTED THE SHUTDOWN? Supplies of 450,000 barrels per day (bpd) were halted on March 25 after an International Chamber of Commerce (ICC) arbitration ruling. The ICC ordered Ankara to pay Baghdad damages of about $1.5 billion for unauthorised exports by the semi-autonomous Kurdistan Regional Government (KRG) between 2014 and 2018. KRG exports flow through a KRG pipeline to Fish-Khabur on the northern Iraqi border, where the oil enters Turkey and is pumped to the port of Ceyhan on its Mediterranean coast. Iraq's federal government says state-owned marketer SOMO is the only party authorised to manage crude exports via Ceyhan.

India is contemplating a reduction in taxes for imported fully assembled electric vehicles for a duration of up to five years. This move is aimed at attracting companies like Tesla Inc. (NASDAQ:TSLA) to market and, in the future, manufacture their electric cars within the country.

Investing.com — Oil prices edged higher Monday, helped by bullish comments from OPEC, although renewed concerns over waning demand in the United States and China limited gains.

Samajwadi Party leader Swami Prasad Maurya's asking on X how Goddess Lakshmi can have four hands has attracted sharp rebuke from many, including his own party, whose spokesperson asked him to «stop harming the party.» The leader had earlier made headlines with his controversial remarks on Ramcharitmanas and Badrinath. Among those who took exception to his comment were leaders from the Congress and the BJP.

Israel-Hamas war in Gaza, European Union High Representative for Foreign Affairs and Security Policy Josep Borrell said on Monday that he will visit multiple Middle Eastern countries to discuss humanitarian access and assistance in the war-torn region. He asserted that the ongoing situation in Gaza needs two-state solutions and can only be achieved through dialogue. Taking to X, the EU official said, «I will travel to Israel, Palestine, Bahrain, Saudi Arabia, Qatar and Jordan this week to discuss humanitarian access and assistance and political issues with regional leaders. We need a political horizon looking towards the two-state solution.

David Cameron sensationally returned to the British government as foreign secretary on Monday, as Prime Minister Rishi Sunak shook up his top team with a general election looming next year. Cameron's comeback from the political wilderness came as Sunak sacked right-wing firebrand Suella Braverman as interior minister to assert his authority over the Conservative party, which trail the Labour opposition in polls. James Cleverly moved from the foreign ministry to succeed Braverman after critics accused her of heightening tensions during weeks of contentious pro-Palestinian demonstrations and counter-protests. Cameron quit as prime minister in 2016 after losing the Brexit referendum, standing down as an MP that year, before later becoming mired in a lobbying scandal that was seen as tarnishing his reputation. The former leader, whose foreign policy record as prime minister is viewed as chequered at best, said he «gladly accepted» his new role as Britain faced «a daunting set of international challenges». «While I have been out of front-line politics for the last seven years, I hope that my experience — as Conservative leader for 11 years and prime minister for six — will assist me in helping the prime minister to meet these vital challenges,» Cameron added, citing the Israel-Hamas war and Russia's conflict in Ukraine. Cameron will be made a life peer in the House of Lords — Britain's unelected upper chamber of parliament — Downing Street announced, making him eligible to sit in government. The last lord as foreign secretary was Peter Carrington, who quit Margaret Thatcher's government after Argentina invaded the Falkland Islands in 1982. Cameron was instrumental in leading western countries' intervention in Libya in