Country Financial News

REC on Thursday said it has inked a pact with RailTel to finance up to Rs 30,000 crore for infrastructure projects in telecom, IT and railway signalling. "REC Limited signed an MoU with RailTel on 9th November 2023 to extend financial assistance up to Rs 30,000 crore for infrastructure projects to be executed by RailTel in next 5 years," an REC statement said.

By David Lawder

Investing.com — Oil prices rose Thursday, recovering from near four-month lows although concerns over a slowdown in global crude demand remain.

Railways Ashwini Vaishnav Thursday took to social media X (formerly known as Twitter) to share a video of him along with Jonty Rhodes, Syed Kirmani and Monty Panesar as they embarked on their tour to promote the spirit of sportsacross the country on the Vande Bharat Express. Taking to X the Railways minister wrote, “Legendary passenger experience on India’s fastest train. #LegendsLeagueCricket Trophy tour leaves Bhopal on Vande Bharat to cover 50 cities in 17 states." The video shows cricketers Monty Panesar, Syed Kirmani, Jonty Rhodes along with Union Minister Vaishnaw at Rani Kamlapati Railway Station.

It’s something we use everyday — couldn’t survive without, actually — and often take for granted.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

President Xi Jinping mulls over rare policy changes like increasing the budget deficit which was increased to its most substantial scale in three decades. The country introduced a sovereign debt package that signaled a departure from its conventional fiscal support framework. 1.

Dhanteras and Diwali are just round the corner and many people prefer to buy silver coins, jewellery and religious artefacts to celebrate these festivals. Silver is a precious metal that holds significant value in Indian culture. Whether for investment, adornment, or religious purposes, purchasing silver is a common practice across the country, especially during the festive time. However, the uninitiated may fall prey to the common misconceptions and pitfalls, jeopardising their silver purchases.

₹30,000 crore in funding to RailTel Corp. of India. The agreement, formalized through a memorandum of understanding (MoU) signed on Thursday, will support various projects over the next five years, including telecom, IT services, and railway signaling systems, and the KAVACH train collision prevention system.

paper, "an experiment on artificial stimulation of rain using a warm cloud seeding technique was undertaken in three nearby climatologically similar regions, Delhi, Agra and Jaipur in northwest India". Many countries now use this technology, including India and China, but implementation is easier said than done. It has certain limitations, not to mention a likely adverse impact on the environment.

Apple, an adviser to Europe's top court on Thursday said an European Union (EU) tribunal made legal errors when it ruled in favour of the iPhone maker over a $14 billion tax order. The adviser also said the case should be reviewed again. In 2016, the European Commission had said that Apple benefited from two Irish tax rulings for more than two decades that artificially reduced its tax burden to as low as 0.005% in 2014.

Royal Philips, the Dutch health technology company on Thursday announced the launch of its new innovation campus in Yelahanka, Bengaluru. The 650,000 square feet campus will accommodate over 5,000 professionals working on innovative health technologies aimed at improving patient experiences, achieving better health outcomes, improving staff experiences, and lowering the cost of care. With approximately 9,000 employees across India, Phillips has established a strong presence in the country with Healthcare Innovation Center in Pune, Global Business Services in Chennai, and commercial teams in Gurgaon. The new center in Bengaluru not only signifies a landmark in Philips' global footprint but will also play a pivotal role in revolutionizing the healthcare landscape in India and beyond, the company said. “This new campus is a testimony of our commitment to further building our capabilities in India and leveraging the same for customers globally,” Roy Jakobs, CEO Royal Philips. “In India, we not only want to speed up access to care but also locally develop and contribute to solutions for the rest of the world,” Jakobs added. Philips is trying to leverage India's deep-rooted expertise in healthcare innovation and informatics.

Airtel Thursday said it has expanded its 5G network to all 23 districts of West Bengal, which will bring the high-speed technology to its 1.6 million customers. This marks a significant milestone for Airtel as the company has achieved 5G coverage across all districts and union territories in the country within a year of the launch of the service, the company said.

By Kylie Madry

InterGlobe Enterprises on Thursday said it along with Archer Aviation plans to launch an all-electric air taxi service across India in 2026. Once launched, the InterGlobe-Archer flight will aim to take passengers from Connaught Place in the national capital to Gurugram in Haryana in approximately 7 minutes whereas by road, the 27-kilometre-long trip will take 60-90 minutes, according to a release. Both companies have entered into a Memorandum of Understanding (MoU) with the goal of partnering to launch and operate an all-electric air taxi service in India, subject to appropriate regulatory approvals and clearances.

Qatar Investment Authority is examining opportunities to invest in China's retail, healthcare, tech and logistics sectors, said Abdulla Al-Kuwari, head of the fund's unit Qatar Investment Authority Advisory (Asia Pacific). Those opportunities could involve public and private companies, Al-Kuwari said on Thursday during the Caixin Summit in Beijing.

By Foo Yun Chee and Bart H. Meijer

Nearly three quarters of consumers are delaying holiday purchases for discount shopping events such as Black Friday or Singles Day, and more than half plan to reduce spending to save money, according to a study from Ernst & Young. 

Manish Chokhani, Director, Enam Holdings, says “in a bull market, if you try to change horses midway, like last year, when a lot of banks did not do well, many thought why don’t I jump to real estate? Next year, I will try tactically to jump from real estate to auto. If you do that, you will miss out by not being invested. If you miss the best 15-20 days of a market in a year, you have basically given away your returns. So, whatever you like and you understand, the market does not owe money to anyone.” Chokahni also says: «If I put FDI, FPI and equities and debt inflows together, the country is slated to be getting in excess of a hundred billion dollars starting post election.» Our theme this year is Yeh Diwali Muskaan Wali (A smiling Diwali). You already have that muskaan (smile) but what is bringing about that muskaan? I was remembering RRR, so thankfully that is not coming back. We have got a better googly for you this time. But yes much like RRR, the way it shot up all the way to the Oscars like Indian equity markets despite all odds? Well a lot of things to feel bullish about.

Home Office said the move is aimed at strengthening the country's immigration system and help prevent abuse by people making unfounded protection claims. «We must stop people making dangerous and illegal journeys to the UK from fundamentally safe countries,» said UK Home Secretary Suella Braverman.

Nirmala Sitharaman on Thursday termed Bihar Chief Minister Nitish Kumar's remarks on women in the state assembly as «shameful». Kumar, the longest serving chief minister of the state, while emphasising the importance of education among women to control the population, on Tuesday put forward a vivid description in the state assembly of how an educated woman can restrain her husband during sexual intercourse.