Country Financial News

07.11 / 08:29
Reuters economy President show country reports shock 2024 Vladimir Putin to stay in power past 2024 to ‘steer Russia through most perilous period'
Vladimir Putin has moved to shore up support among his core base in the security forces, the armed forces and with regional voters outside Moscow, while Wagner has been brought firmly to heel. Russian defence, weapons and overall budget spending has soared while Putin has made numerous public appearances, including the regions, over recent months. "The decision has been made - he will run," said one of the sources who has knowledge of the planning.
07.11 / 08:29
Reuters economy country reports 2024 IMF raises China's 2023, 2024 GDP growth forecasts. Details here
country's growth forecast to 5% and 4.2% in 2023 and 2024 respectively. In an official statement, the IMF said that GDP growth could slow to 4.6% in 2024 because of continued weakness in China's property sector and subdued external demand, Reuters reported.
07.11 / 08:29
President show performer country reports cricket Court restores Sri Lankan cricket board days after dismissal by sports minister
World Cup. Sri Lanka faced a 302-run defeat against India at the World Cup 2023. The minister had also appointed an interim committee headed by former cricket captain and Chairman of a new interim national cricket board Arjuna Ranatunga.
07.11 / 08:29
President Celebrity country Tough to celebrate festivals under Congress rule: PM Modi in Surguja rally
failed to control Naxal violence," PM Modi said. The prime minister said, “In recent times, many BJP workers have been taken away from us. A few days ago, one of our workers was shot dead." PM Modi also said that “human trafficking and business of drugs are on rise in Surguja division of Chhattisgarh".
07.11 / 08:29
Provident country reports stake Decision to sell Adani Wilmar stake seals Adani Group’s shift to core infra
Adani Wilmar means the stake sale will provide handy cash to the group as it ramps up infrastructure business. There are other reasons why the Adanis may be looking to exit the FMCG space. For starters, the bulk of Adani Wilmar’s business is in edible oils, which account for 84% of its revenues (with industrial fats adding another 11%).
07.11 / 08:21
Platform Mobile country audience Freemium game on: Hotstar to stream Pro Kabaddi League for free on mobiles
Hotstar on Tuesday announced that it will make available free streaming of the upcoming season of Pro Kabaddi League for all the mobile users in India starting December 2, 2023 as it is the most watched sport in the country after cricket. «The popularity of Pro Kabaddi League spans across age groups and by making it available to all our audience on Disney+ Hotstar, our aim is to make Kabaddi accessible to all of India and foster a stronger sense of engagement amongst the fans,” said Sajith Sivanandan, the Head of Disney+ Hotstar India. He further noted that the landscape of sports viewing is evolving, as was witnessed by the response to their free on mobile offering during Asia Cup 2023 and ICC Men’s Cricket World Cup 2023. This ad-enabled free streaming of the tenth season of the Pro Kabaddi League, which is set to be conducted in a 12-city caravan format with 12 competing teams, closely follows the success of cricket tournaments on the platform.
07.11 / 08:21
Digital Platform IPG performer country social reports India is among top 3 markets after US, UK to lead online chatter about EVs: Report
India is among the top 3 countries worldwide after the USA and UK, leading the online chatter about electric vehicles (EVs), with 0.57 million mentions in 2023, according to a report by Interactive Avenues, a leading full-service digital agency and the digital arm of IPG Mediabrands India. The social listening report «EVolution: Insights on India's rapidly evolving EV market based on social media data» analyses the social media buzz across multiple platforms around both 4-wheeler and 2-wheeler EVs to unearth key growth drivers, pressing category concerns, the latest OEM and government initiatives, the most popular EV brands, and more. Shantanu Sirohi, COO, of Interactive Avenues, said, «While EVs have been around for a long time, the level of innovation and consumer interest in this space has accelerated manifold in the past few years. Using advanced analytics and best-in-class tools, our social team studied the category landscape to create an in-depth report tracing the EV growth story and outlining the latest trends, opportunities, technologies, and consumer needs, with a deep dive into the 4-wheeler and 2-wheeler segments.” The report further stated that EV owners have saved lakhs within the first few years, with a running cost of less than Rs.
07.11 / 07:31
Progressive Career CEO Strategy Metro country innovations 70-hour workweek debate: Factors you should consider before making a choice
Murthy had said productivity has to rise for the country to grow. “So, therefore, my request is that our youngsters must say, ‘This is my country. I’d like to work 70 hours a week’,” he had said.
07.11 / 07:31
Citi Aware Career Gap love country travelers From defying market conventions to introducing cold brews in a country dominated by tea and instant coffee, here’s how Sleepy Owl concocted a charismatic entrepreneurial blend
In 2015, Ashwajeet quit his first job within three months to couchsurf with Arman, who was working in Mumbai at the time. The deal was that if the duo came up with a business idea, Arman would quit his job.
07.11 / 07:25
Dreams President country innovations International IIT Madras inaugurates first international campus in Zanzibar
Hussein Ali Mwinyi, president, chairman, revolutionary council, Zanzibar has inaugurated the Indian Institute of Technology (IIT) Madras Zanzibar on Monday at the Zanzibar campus in the presence of Tanzanian officials, Indian dignitaries, faculty and students. The IIT Madras Zanzibar is the first ever international campus of an IIT. The historic initiative by the Indian government was undertaken to take the top-quality education system of India to international arenas. In the first batch at IIT Madras Zanzibar, women comprise 40% of the total students admitted to the BS and MTech programmes in Data Science and Artificial Intelligence (AI), according to an official statement.
07.11 / 07:25
Citi Target Progressive CEO performer country International KFC-operator Devyani International Q2 profit drops by 43.2% to Rs 33.35 cr, revenue up 9.6% led by new store additions
Devyani International on Tuesday recorded profit for the second quarter of FY24 at Rs 33.35 crore, down 43.2 per cent in comparison to Rs 58.76 crore during the same period last year. It posted revenue from operations at Rs 819.47 crore, up 9.6 per cent as against Rs 747.43 crore during the quarter ended September 2022, led by new store additions. The company EBITDA stood at Rs154 crore, down 7 per cent on-year. 
07.11 / 07:03
Provident Progressive Celebrity show country cover audience Diwali 2023: How can you brighten up your festival with help of personal loan
As people gear up to celebrate Diwali this year, many people are planning to take personal loans to pay for their celebration expenses. With the advent of so many fintech organizations including banks and non-banking financial companies (NBFCs) in this country willing to dole out loans for businesses, loan consolidation and subsequent repayment, or for paying miscellaneous expenses, availing of personal loans is not very difficult. It becomes easier with the internet offering multiple options to seek personal loans whenever needed.
07.11 / 06:59
CEO pandemic Experts country rock fall WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world
07.11 / 06:59
Cooper Virus country reports Australia's Albanese calls for free and unimpeded trade with China on his visit to Beijing
Australian Prime Minister Anthony Albanese is calling for the “full resumption of free and unimpeded trade" with China in a meeting with Chinese Premier Li Qiang
07.11 / 06:51
Target WhatsApp Experts show performer country recommendations RR Kabel shares jump 6% after Q2 profit more than doubles
RR Kabel jumped 6% to Rs 1,488.5 in Tuesday's trade on BSE after the firm's consolidated profit increased to Rs 74.1 crore in the July-September quarter, compared with Rs 35 crore a year earlier. Meanwhile, the company's revenue from operations surged 17.7% to Rs 1,609.7 crore in Q2 FY24 as compared to Rs 1,367.2 crore in Q2 FY23. The EBITDA in the quarter under review rose 92.7% to Rs 121.1 crore from Rs 62.8 crore in the same quarter last year. The margin was up to 7.5% in the June-September period as against 4.6% in the same quarter a year ago. «Throughout the past six months, RR Kabel has demonstrated a promising performance, marked by strong growth in our sales volume.
07.11 / 06:51
Provident Digital Platform Gap country Bimaplan secures $3.5 million in fresh funding from Orios Venture Partners and others
Bimaplan has raised $3.5 million in a pre series A funding round led by Orios Venture Partners. Existing investors Finsight Ventures and 2am VC also participated in the round. This takes the total funding raised by the startup to $6 million.
07.11 / 06:41
Manufacturing CEO Tesla Celebrity country electronic reports Tesla's India Investment: Key ministries collaborate for swift entry of EV maker
Elon Musk's electric vehicle (EV) company Tesla to India as soon as January 2024, The Economic Times reported. The Prime Minister's Office recently convened a meeting to discuss the future of EV manufacturing in India, which includes Tesla's investment proposal, it added. While the meeting was focused on policy matters, officials did prioritise the acceleration of approvals for Tesla's proposed investment in the country by January 2024, an official told the paper.
07.11 / 06:41
economy Death love country Iran Might Have Miscalculated in Gaza
Most news and commentary describes the war in Gaza as the latest brutal episode in the conflict between Israelis and Arabs. That is one dimension, but from the perspective of world-power politics, it isn’t the most important. What really matters in the Middle East is the battle between Iran, increasingly backed by Russia and China, and the loose and uneasy group of anti-Iranian powers that includes Israel and the American-backed Arab states.
07.11 / 06:13
Citi Software Parke President Indus stage country STPI launches initiative for startups to get access to investment, mentorship and global connect
LEAP AHEAD initiative — a joint collaboration of Software Technology Parks of India (STPI) and The Indus Entrepreneurs (TiE) Delhi-NCR — to boost startups across the country. Arvind Kumar, Director General, STPI; Shri Sushil Pal, Joint Secretary, MeitY; Dr Saurabh Shrivastava, Chairman Emeritus, TiE Delhi-NCR & Co Founder, Indian Angel Network; Shri Alok Mittal, Co-founder, Indifi Technologies & President, TiE Delhi-NCR; Shri Ashok Singh, Executive Vice President, Investor Relations, Mumbai Angels; Shri Prem Bharthasarathy, Managing Partner, Pontaq Ventures India LLP, Shri Devesh Tyagi, Senior Director, STPI; Shri Subodh Sachan, Director, Innovation and Startups, STPI and Ms. Manjusha Chourasia, Scientist ‘E’, MeitY. This initiative is aimed to helping startups looking at scaling stage, growth stage, product diversification or planning expansion into new geographical locations.
07.11 / 06:13
Digital Booking Extreme economy show country Time Why is L&T still so cheap? Time to look at Federal Bank again? Deven Choksey answers
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says “L&T on one hand, shows extremely high competitiveness in bidding and winning the contracts. On the other hand, the input cost control has to be there. In a given situation, which remains quite fluid, it is difficult for companies to maintain the margin beyond a point. Of course, they have got a pass over clause in most of their contracts. But all said and done, there are certain challenges in the margin. As a result of which, the margins have remained relatively more competitive. That is where they are probably not getting a higher valuation.” Do you think a large part of the rally in the capex theme is done because in the last few weeks, we have seen sideways moves from the likes of Siemens and ABB. The big rally that we were witnessing a few months ago seems to have subsided, with the exception of L&T? I guess a few things need to be observed. While most of the companies are continuing to take advantage of a good capex cycle in the country because of the government spending, the spending by the industry, etc. I feel the more important part is that these companies would have a probability of growth rate moderated between 15% and 20%.
07.11 / 06:03
Action BURST Celebrity country Bhai Dooj 2023: When is Bhaiya Dooj? Know timings, muhurat, rituals, and other details
Also Read: Mumbai news: Bombay HC allows bursting of firecrackers for 3 hours on Diwali; all constructions halted As per the Drik Panchang, the muhurat for the festival is set to commence on November 14 and will continue through November 15. The Bhai Dooj Aparahna Time is scheduled to begin at 01:10 PM and come to a close at 03:19 PM. Also Read: 32% of families in Delhi-NCR planning to burst firecrackers this Diwali, says survey On November 14, 2023, the Dwitiya Tithi will commence at 02:36 PM and wrap up at 01:47 PM on November 15.

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