Country Financial News

Iran and its proxies from turning the Israel-Hamas fighting into a regional war, but the repeated attacks and strikes in response risk a conflict between Washington and Tehran. "US military forces conducted a self-defense strike on a facility in eastern Syria used by Iran's Islamic Revolutionary Guard Corps (IRGC) and affiliated groups.

World Cup titles during a 241-match career. A winner of two ICC Women's Cricket World Cup trophies and five ICC Women's T20 World Cup titles, Lanning bows out of the game at the age of 31 having amassed more than 8000 runs across all formats for her country.

general elections loom, the question is whether it can evoke a rush of fervour that could spell an upset at the 2024 hustings. In the view of some analysts, just as the ascent of the Bharatiya Janata Party (BJP) took a revolutionary path at first, with Hindu nationalism its rallying cry, so must the opposition find a heady issue, an arouser of passion, if it expects to shake today’s status quo. After all, expectations are rife of a third BJP victory.

Oil prices edged up on Thursday as markets shrugged off deflationary indicators in China and looked for further clues on the status of demand from the world's two biggest oil consumers. Brent crude futures rose 62 cents, or 0.8%, to $80.16 a barrel by 0145 GMT. U.S.

White House has called India a key strategic partner and said the US will leave it to the Indian government, led by Prime Minister Narendra Modi, to decide the country's stance on any particular crisis or contingency around the world. National Security Council Coordinator for Strategic Communications John Kirby said was speaking about India's stand on the Israel crisis. «India is a key strategic partner.

China is revamping the Belt and Road Initiative, which has pumped billions of dollars in grants and loans into developing countries over the last ten years. This comes as the country attempts to rein in the risks that plagued its earlier investments, according to a new report released on Monday, The Hill reported. China has shifted its attention to reducing the risk of not being repaid, its exposure to environmental, social, or governance (ESG) factors, and potential damage to its reputation in the developing world, the report from AidData, a research lab at William & Mary, found. The report said: "Beijing has launched a far-reaching effort to de-risk the (Belt and Road Initiative) by refocusing its time, money, and attention on distressed borrowers, troubled projects, and sources of public backlash in the Global South." «It is learning from its mistakes and becoming an increasingly adept international crisis manager,» it added. With more than half of its loans now in repayment, China is facing the fallout from the lack of guardrails in place at the outset of its Belt and Road Initiative.

It’s important, I think, that I occasionally remind readers of a fact that is supported by overwhelming quantitative evidence, and yet virtually ignored by a wide majority of economists (and central bankers): inflation is a consequence of the stock of money growing faster than real economic growth. Period.

By Tetsushi Kajimoto

Investing.com — Saudi Arabia and other oil producers can talk all they want about the so-called “demand” for oil. But the market isn’t buying it, sending global crude benchmark below $80 a barrel — the first time since July.

Onafriq is using Ripple’s crypto-enabled payments technology to open up three new payments corridors between Africa and the rest of the world.Customers of PayAngel in the UK, Pyypl in the Gulf Cooperation Council, and Zazi Transfer in Australia can use the technology for remittance and business payments to recipients in 27 countries across Onafriq’s pan-African network.The firms say that their partnership will bring faster, more efficient, and cost-effective international money transfers to Africa, accelerating financial inclusion across the continent.Dare Okoudjou, CEO, Onafriq, says: “Our mission is to make borders matter less when it comes to payment within, to, and from Africa.

₹3.52 trillion by the end of FY23, according to the Bharat Microfinance Report 2023. The report released by industry body Sa-Dhan on the inaugural day of the National Conference on Inclusive Growth attributed the growth to a favourable economic environment and the revised regulatory framework issued by the RBI and quickly adopted by all MFIs. The report compiled data from 213 microfinance institutions (MFIs) representing more than 99% MFI activities in the country.

₹10,800 crore), two people aware of the development said, in what may rank among the largest green energy deals in India. The Acme Solar InvIT will be privately listed and will be sponsored by India’s largest pure-play solar platform Acme and incoming investors. The InvIT will house 1.8 gigawatts (GW) of operating solar assets.

₹12.5 trillion to develop infrastructure projects in the year starting 1 April, building on substantial increases in recent years to spur economic growth, two people with direct knowledge of the matter said. The government stepped up its capex budget in recent years to improve India’s creaking infrastructure, create jobs and accelerate economic growth. It budgeted ₹10 trillion to develop infrastructure in the current fiscal year, marking a 37% increase from the previous year, with growth rates of 24% in FY23 and 40% in FY22.

BERLIN : Germany is keen to have Chancellor Olaf Scholz visit India in October 2024, according to persons aware of the matter. The visit is expected to coincide with the Asia Pacific Conference of German Business. Scholz, who has visited India twice this year, is also expected to attend the next round of intergovernmental consultations that take place once every two years.

NEW DELHI : The law to improve the ease of doing business, passed by Parliament a few months ago, will need continuous upgrades, commerce minister Piyush Goyal said on Wednesday. The government is currently consulting with the industry and seeking feedback to upgrade the Jan Vishwas (Amendment of Provisions) Bill, 2023, to address challenges to ease of doing business in India. “With our best intentions, the Jan Vishwas 2.0 bill will take us one step forward, but we will possibly need Jan Vishwas 3.0," Goyal said at a conference on ease of doing business organized by CII.

₹6,324 per bbl, having swung between ₹6,306 and ₹6,481 per bbl during the session so far, against a previous close of ₹6,507 per barrel. Also Read: India's oil demand up 4% in October, jet fuel consumption hits 43-month high: S&P Global -The EIA now expects total US petroleum consumption to fall by 300,000 barrels per day (bpd) this year, reversing its previous forecast of a 100,000 bpd increase. US crude oil stocks rose by almost 12 million barrels last week, market sources said late on Tuesday, according to American Petroleum Institute figures.

₹254 crore. Painful memories of the overenthusiastic participation of mutual funds (MFs) in the IPOs of new-age internet-based companies, such as Paytm (One97 Communications), Zomato, CarTrade and PB Fintech, continue to haunt retail investors. There were concerns about the high valuations of these companies and the stocks plunged on their listing day.

Adoption can be a way to build a loving family, particularly for same-sex couples, who are more likely to adopt than opposite-sex couples, according to census data

₹60 lakh, reported News 18. Currently, she has been working with the company in Bengaluru for more than five months.

Israeli ambassador Naor Gilon urges Indians to light a ‘Diya of Hope’ for hostages held by Hamas Several terms have come to the fore since fighting began last month – with calls for a truce, a humanitarian truce, de-escalation, a humanitarian ceasefire and a cessation of hostilities. There is no clear definition for each of these concepts with all referring to a break in fighting – of varying lengths. A pause is simply considered less formal and shorter than a ceasefire.

Piyush Goyal will meet Tesla chief Elon Musk in the United States next week as the two sides look to advance the U.S. carmaker's plan to enter the South Asian market, sources familiar with the plans said. The meeting between Goyal and Musk will be the most high-profile one since the Tesla boss met Indian Prime Minister Narendra Modi in June and later said he was keen to make significant investments in the country.