Country Financial News

United States stand with Israel against terrorism. Both the countries also called for the immediate release of all remaining hostages. «Noting horrific terrorist attacks against Israel, the Ministers reiterated that India and the US stand with Israel and called for adherence to international humanitarian law, including with regard to the protection of civilians.» Defence Minister Rajnath Singh and External Affairs Minister Dr.

Veterans Day on Saturday. The day observed annually on November 11, is a federal and bank holiday in the country which honours the service of military veterans. Originally called Armistice Day, this holiday had its roots in the aftermath of World War I and secured federal recognition as one of the nation's ten official holidays during the 1930s.

India flagged its concerns at the '2+2' foreign and defence ministerial meeting. «We have made our concerns very very clear,» Foreign Secretary Vinay Kwatra said at a media briefing. The American delegation at the '2+2' ministerial dialogue talks was led by US Secretary of State Antony Blinken and US Defence Secretary Lloyd Austin while External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh headed the Indian side. «We have core security concerns and I am sure you are all aware of recent video that has surfaced from one such individual,» Kwatra said adding the US side understood New Delhi's concerns. The ties between India and Canada came under severe strain following Canadian Prime Minister Justin Trudeau's allegations in September over the killing of Khalistani separatist Hardeep Singh Nijjar in June in the Canadian town of Surrey. Days after Trudeau's allegations, India temporarily suspended issuance of visas to Canadian citizens and asked Ottawa to downsize its diplomatic presence in the country to ensure parity. Canada has already withdrawn 41 diplomats and their family members from India. India has already resumed some of the visa services.

SJVN Ltd on Friday said the Central Electricity Authority (CEA) has given its approval to the company's detailed project reports (DPRs) for two hydro projects worth around Rs 40,000 crore. While the Etalin hydroelectric power (HEP) is of 3,097 MW, the Attunli HEP is of 680 MW, SJVN said in a statement. «Central Electricity Authority (CEA), Ministry of Power has transferred concurrences of DPRs of 3,097 MW Etalin HEP & 680 MW Attunli HEP in favour of the Company. CEA has also extended the validity of said concurrences,» the company said. The project cost of Etalin HEP at March 2022 price level is Rs 32,813 crore and for Attunli HEP it is Rs 6,866 crore. The 3,097 MW Etalin HEP is the largest hydro project under development in the country. A Memorandum of Agreement (MoA) was signed between the company and Arunachal Pradesh government for executing these five hydro power projects in August 2023.

Vijayendra Yediyurappa son of former Karnataka Chief Minister BS Yediyurappa has been appointed as the BJP’s state unit president. Vijayendra sitting MLA in the Karnataka state assembly replaces Nalin Kumar Kateel whose term has been over for several months but he was continuing as BJP’s Karnataka state unit president. The announcement was made on Friday evening by the BJP’s national general secretary Arun Singh. This appointment came after much delay, as the BJP appeared in indecisive mode after it suffered massive defeat in the Karnataka assembly polls.

Investing.com — Nvidia (NASDAQ:NVDA) will likely need «several months» to ramp up production of its new artificial intelligence chip aimed at capturing growing demand in China, according to analysts at Wolfe Research.

Investing.com — Oil prices rose Friday, finding some support as a difficult week comes to end, as market attention turns to a key meeting of OPEC and its allies later this month.

BERLIN (Reuters) — The German parliament on Friday approved the implementation of a global minimum corporate tax, as part of an international deal to ensure large companies pay a minimum tax rate of 15%.

Ambuja Cements, the cement and building material flagship company of the Adani Group, emerged as the top performer among group companies, achieving a stellar 1835% jump in its consolidated net profit, reaching ₹987 crore as compared to a net profit of ₹51 crore in the corresponding quarter of the previous year. Adani Power stood as the second top performer, reporting an 848% improvement in its consolidated net profit, reaching ₹6,594 crore compared to a net profit of ₹695.33 crore in the corresponding period of the last year, due to improved EBITDA, higher one-time income, and recognition of deferred tax asset.

BJP on Friday attacked the Congress government in poll-bound Rajasthan, alleging that due to its economic mismanagement, people in the state pay the highest power tariff in the country. «Before coming to power (in 2018), the Congress had promised that it would not increase the price of electricity by even a single penny in Rajasthan,» Union Minister and senior BJP leader Gajendra Singh Shekhawat told reporters at the party headquarters here.

Annual private capital mobilisation by multilateral development banks needs to quadruple to $240 billion by 2030, co-chair of the Independent Expert Group of MDB reforms set up under India’s G20 presidency N K Singh said, while cautioning against a piecemeal approach to reform of these institutions. Speaking at the Paris Peace Forum at a session on “Achievements since the Summit for a New Global Financing Pact”, moderated by French President Emmanuel Macron, Singh asserted that MDBs required a tectonic makeover. “The next 12 months are crucial to translate the current fervour into changes in process, procedures, and hopefully changes for better outcomes…. I worry about a piecemeal approach to reforms, and institutions acting in silos,” Singh said, adding that a change is needed in the management culture on many fronts. The first volume, submitted to the G20 in July at Gandhinagar, had recommended enhancing their sustainable level of own-account non-concessional finance to $300 billion annually. The second volume handed before the Marrakech G20 ministerial has suggested introducing new instruments – pooled portfolio guarantees and hybrid capital — and inclusion of new investors into the MDB capital stack, as part of steps to diversify the sources of capital.

Ranveer Singh has sold two of his residential properties in Mumbai’s Goregaon suburb for a total of over Rs 15.2 crores. Both the adjacent apartments on the 43rd floor of one of the towers of premium residential project Oberoi Exquisite are spread over 2,648 sq ft. The actor has sold each of these apartments along with a total six car parking slots for over Rs 7.62 crore.

Allianz SE reported a third-quarter profit that beat analysts’ estimates as its giant bond manager Pacific Investment Management Co. continued to attract new money.

Elon Musk in the US next week as the two sides look to advance the carmaker's plan to enter the South Asian market, news agency Reuters recently reported. In the US, Goyal will also participate in the investors' roundtable along with meetings with chief executives of top companies.

Yogi Adityanath said on Friday that on the occasion of Holi in March, the state government will once again provide free gas cylinders. For this, beneficiaries of the Pradhan Mantri Ujjwala Yojana need to link their bank accounts with Aadhaar. On the occasion of Dhanteras, the Chief Minister inaugurated the distribution campaign for free refills of cooking gas cylinders under the Pradhan Mantri Ujjwala Yojana for 1.75 crore eligible families in the state from Lok Bhavan on Friday.

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Mahua Moitra on Friday claimed that the Ethics Committee's recommendation to expel her from Lok Sabha stems from Prime Minister Narendra Modi's 'desperation' to keep the Adani group's alleged coal scam under wraps and he wants to gag anyone who flags this issue. In an interview with PTI Video, Moitra who is embroiled in the 'cash for query' row asserted that the issue is how not to allow a lawmaker to raise questions in the House. «Adani has a Rs 13,000 crore coal scam.

slogans and catchphrases that have the ability to travel far and wide, particularly in the age of social media, do not seem to dominate the discourse as they did in earlier elections. 'Maaf karo Maharaj, hamara neta Shivraj' (sorry Maharaj, our leader is Shivraj) was a big hit in the 2018 state polls when the BJP targeted Jyotiraditya Scindia, a scion of erstwhile Gwalior royalty who is affectionately called 'Maharaj' by his supporters.

ALSO READ: Earthquake Today: Indonesia hit by 6.9 measure quake The quake was originally pegged at 5.5 magnitude, with a depth of 8 kilometers (4.97 miles), but later downgraded to a magnitude of 4.8 by EMSC, Reuters reported. Earlier on Friday, an earthquake of magnitude 5.7 struck Papua New Guinea region, the European-Mediterranean Seismological Centre (EMSC)said. The quake was at a depth of 10 kilometers (6.21 miles), EMSC said.

Ajoy Chawla, CEO, Tanishq said «Over the past three weeks of this festive season, we've observed a significant upswing in customer sentiment. Notably, our new collections, including Dharohar, a showcase of Indian craftsmanship, Rivaah X Tarun Tahiliani's exquisite bridal jewellery, String It, our chic lightweight neckwear, and more, have been receiving remarkable traction across all categories.

Lupin on Friday said it has tied up with Amman Pharma to market a biosimilar product in the Middle East region. The company has inked a licensing pact for the commercialisation and marketing of Ranibizumab, a biosimilar of Lucentis, in various countries including Saudi Arabia, UAE, Iraq and Lebanon.