Country Financial News

HAL) signed a Transfer of Technology (ToT) agreement with CSIR-National Aerospace Laboratories (NAL) on Wednesday, for the manufacturing of BMI Engine Bay Door for the series production of LCA — Tejas Mk1A. Tejas Mk1A is an indigenous 4.5 generation, all weather and multi-role fighter aircraft for the Indian Air Force.

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. Discussions between the Musk and Goyal in the U.S. will centre around Tesla's plans to setup an Indian factory, manufacturing a $24,000 car there, sourcing more components and establishing charging infrastructure across the nation, one of the two sources told Reuters. A discussion is also likely on a new policy India is working on which will allow automakers to import fully built EVs into India at a reduced tax rate of 15%, down from as much as 100% now, if they commit to some local manufacturing. This meeting is to ensure that talks between India and Tesla «are moving in the right direction,» the person added.

World Health Organisation (WHO) in its Global TB Report 2023, the Union Health Ministry said on Wednesday. According to the report, India has made tremendous progress in improving case detection and reversed the impact of COVID-19 on the TB programme, it said.

Oklahoma City Thunder and Cleveland Cavaliers have won two games in their respective conferences and will clash on Wednesday, November 8 to take the lead. Shai Gilgeous-Alexander will come to the court as the consensus best player in the game. He will be followed by Donovan Mitchell, who will be a close second. So, both of the teams are expected to produce some elite guard play. Besides, the Thunder have many young and exciting talents. Cleveland has acquired perimeter shooting. Max Strus will help Mitchell and Darius Garland have elite spacing to attack the rim on drives and rip-throughs. It will put pressure on Oklahoma's defense.

₹2,599. Sector watchers said that pricing was on the higher side since the average sale price of featurephones was about ₹1,000 in the country.

Rahul Gandhi addressed the people of tribal communities in Ambikapur on Wednesday and said, "We (Congress) hug you and BJP (Bharatiya Janata Party) urinates on you". He said this while accusing BJP leaders of "urinating" on 'adivasis (tribals)' and making "videos of it viral so that the entire country watches it". Gandhi made the comments in connection with the incident in Madhya Pradesh, in which a local BJP leader was allegedly seen urinating on a tribal labourer.

NEW DELHI/WASHINGTON : US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin will hold talks with India this week that officials say will focus on security challenges in the Indo-Pacific and concerns over China, rather than the wars in Gaza and Ukraine. The talks in New Delhi on Friday with India's foreign minister Subrahmanyam Jaishankar and defence minister Rajnath Singh are part of the so-called "2 2 Dialogue", launched in 2018 to boost defence cooperation and align policy objectives in the Indo-Pacific region.

China to become the most represented country in the QS World University Rankings: Asia 2024 for the first time ever, reflecting the rising prominence of the South Asian country’s higher education system amid steps taken towards increasing the research output, academic recognition and internationalisation. As many as 148 Indian institutions feature on the sixteenth annual list comprising 856 universities from 25 Asian countries released by global higher education analyst Quacquarelli Symonds, ahead of Mainland China (133) and Japan (96). Last year, 118 Indian universities had made it to the list. Indian Institute of Technology-Bombay (IIT-B) is at the top of the India table, at the 40th spot regionally, followed by IIT-Delhi (46) and IIT-Madras (53).

Narendra Modi on Wednesday accused the Congress of dragging its feet on implementation of the One Rank One Pension (OROP) scheme for defence forces and said it was his government that executed the policy and has so far deposited Rs 70,000 crore into the bank accounts of eligible retired personnel. The PM said his government opened the doors of Sainik Schools for girls and facilitated the deployment of women officers in forward areas.

Nuri filed for insolvency in a Berlin court in August, weeks after it said it would lay off 20% of its workforce in a drive to reach profitability. The firm reurned outstanding customer funds to its half a million customers and closed the doors, seemingly for good.The relaunch comes with a renewed focus on returning to its core offering, which centres around buying and selling crypto."Buying and selling crypto has always been at the heart of Bitwala's business," notes Jan Goslicki, Bitwala's chief experience officer.

Tata Motors Ltd and Larsen & Toubro Ltd have been largest gainers have seen their share prices rise 55-61% during last on-year As the Markets have turned volatile in the recent past, picking the right stocks holds key for future upside. IDBI Capital Markets & Securities Ltd has come out with its stock picks for this Diwali IDBI Capital Markets & Securities Ltd Diwali 2023 stock pricks Birla soft Ltd, Kajaria Ceramics Ltd, Macrotech Developers Ltd, Narayana Hrudayalaya Ltd. Tata Power Company Ltd and Union Bank of India are amongst top six Diwali 2023 stock picks of IDBI Capital Markets & Securities Ltd.

Sweden’s largest egg producer, which had nearly 1.2 million chickens or 20% of all laying hens in the country before a salmonella outbreak, has been ordered to euthanize all of them so the facility can be fully cleaned

Britain’s Conservative government is setting out a pre-election policy slate including tougher sentences for criminals and measures to boost economic growth

Cyprus’ energy minister says the political and economic ramifications from the ongoing Israel-Hamas war may provide an impetus to regional energy projects involving his country

Indonesia’s anti-graft court on Wednesday sentenced a former Cabinet minister to 15 years in prison after finding him guilty of corruption over the construction of mobile phone transmission towers in remote parts of the country

In the Mediterranean's olive-growing countries, the extreme weather caused by climate change is taking a toll

Portuguese Prime Minister António Costa has resigned while his government is involved in a widespread corruption probe

Authorities in Bangladesh have announced a new minimum wage for garment factory workers after weeks of violent protests

Mswipe, a digital payment provider for merchants, on Wednesday said it has made multiple elevations and expanded several leadership roles internally, including appointing chief executive Ketan Patel as cofounder. The strengthening of its leadership structure comes as Mswipe is looking to push its global expansion plans.

scam messages and the growing sophistication of scams powered by artificial intelligence (AI) on consumers worldwide. Over 7,000 adults from seven countries, including India, took part in the study. According to the study, Indians receive an average of 12 fake messages or scams per day, and they spend approximately 1.8 hours per week identifying these fraudulent messages.

By Paul Carsten