Country Financial News

William J Burns, arrived in Israel on Sunday to hold discussions with leaders and intelligence officials, the first stop in a multi-country trip in the region, New York Times reported citing US officials. The visit comes as the US is trying to prod Israel to pursue a more targeted approach to attacking Hamas, allow pauses in the fighting for aid to enter Gaza and do more to avoid civilian casualties, according to NYT. Washington is also looking to expand its intelligence sharing with Tel Aviv, providing information that could be useful about hostage locations or any follow-on attacks by Hamas. A US official briefed on Burns' trip said that he planned to reinforce the American commitment to intelligence cooperation with partners in the region. Burns will travel to several Middle Eastern countries for discussions about the situation in Gaza, ongoing hostage negotiations and the importance of deterring the war with Hamas from widening to a broader context, NYT reported citing the US official. US officials have been visiting Israel at a regular cadence since war broke out after Hamas fighters attacked Israeli towns on October 7 and killed more than 1,400 people. Israel has retaliated with a massive counteroffensive including air campaign and ground invasion into Gaza, where Hamas is in control. More than 9,000 Palestinians have been killed in airstrikes since Israel began retaliating, according to Gaza's health ministry.

State Bank of India: India's largest commercial bank, SBI reported an 8% year-on-year jump in the net profit as it grew from ₹13,264.5 crore in Q2FY23 to ₹14,330 crore in the quarter under review. The net interest income (NII) of the State Bank of India jumped 12.3% compared to the same period last year, reaching ₹39,500 crore. Additionally, there was a 21.6% growth in other sources of income, bringing it to ₹10,790 crore.

employee productivity of India Inc — measured as revenue per employee — has steadily gone up in the past five years, even as staff cost as a proportion of total revenues has largely been maintained at 10%. Data compiled by ET Intelligence Group shows the cumulative revenue per employee of ET-500 companies — the top 500 listed companies based on their revenues — has climbed 36% from ₹1.46 crore in FY19, to almost ₹2 crore in FY23.

Al Jazeera, Hagari said, “There are now widespread strikes on terror infrastructure - below ground and above it," Al Jazeera quoted Hagari as saying. Army spokesperson said that the Israeli forces have encircled Gaza City and “now there exists a south Gaza and a north Gaza". Also Read: From Jordan to Turkey - Which countries have recalled ambassadors from Israel amid war? “Troops reached the coastline and are holding it," he added.

The Lonski Group president John Lonski and Employbridge chief workforce analyst Joanie Bily join ‘Making Money’ with reaction to the jobs report.

(Reuters) -Tesla's management in Germany late last week informed 11,000 workers they will receive a 4% wage raise effective in November, The Wall Street Journal reported on Sunday, where unions have previously said they earn below the industry average.

By Roushni Nair

annual rollback of time, with their digital devices automatically jumping back an hour at 2 a.m. on Sunday. However, in Hawaii and most of Arizona, it was business as usual with no changes to the clocks. Why did two US states not change the time? Since 1968, Arizona has opted out of daylight saving time, mainly because of the state's intense sunshine. The logic is simple: less daylight at the end of the day equals cooler evenings. The Navajo Nation in Arizona, however, does observe daylight saving time due to its expansive territory extending into states that do change the time. Hawaii's tropical latitude near the equator means its daylight hours don't vary much throughout the year, making daylight saving time unnecessary.

Indian auto industry, green sustainable mobility a.k.a. carbon neutrality is the new buzzword as companies go beyond electric vehicles. Passenger vehicle launches in the alternative fuel space — hybrids, CNG, electric have seen a sharp increase with traditional fuel vehicles experiencing a relative slowdown. The industry saw 24 CNG PV launches this fiscal as compared to 14 in FY 20. In the case of electric, there were 31 PV launches as compared to 7 models in FY20. Strong hybrids have also seen increased traction, with sales outpacing electric for the first time in last 2 months. Petrol model launches at 111 were lower by 21% and diesel at 54 down by 61%, according to Jato Dynamics. Even though EVs will play an important role, there seems to be a co-existence of various technologies with a substantial share of NEVs (new energy) and ICE (internal combustion engines) vehicles, say leading car makers. Maruti Suzuki senior executive director Shashank Srivastava expects 15% of the portfolio for the country's largest carmaker to be electric by 2030, with 25% strong hybrids and 60% a mix of petrol, CNG, biofuels and flexi-fuels.

Indian Council of Agricultural Research scientists last week, India, one of the key players in the global agricultural commodities market, wastes about 74 million tonnes of food every year. This accounts for roughly 8% of the 931 million tonnes of food wasted globally. Beyond the numbers, that kind of wastage is criminal.

NEW DELHI : The central government last week notified a regulation to allow unlisted Indian companies to list on foreign exchanges. Thus far, only companies listed in India could seek a secondary listing. Mint explains the development and its implications.

BAGHDAD (Reuters) — U.S. Secretary of State Antony Blinken paid an unannounced visit to Iraq on Sunday, as he tours the Middle East attempting to tamp down tensions after war erupted between Israel and Palestinian militants Hamas last month.

By Dilara Senkaya and Mehmet Emin Caliskan

Indian Navy's latest warship 'Surat' will be unveiled by Gujarat Chief Minister Bhupendra Patel in the presence of the Chief of Naval Staff Admiral R Hari Kumar and other senior officers on Monday. This is the first warship to be named after a city of Gujarat and this is also the first time the unveiling of the crest of a warship is being undertaken in the very city after which it has been named, a Press Information Bureau release said on Sunday The ceremony to unveil the crest will be held in Surat, with Vice Admiral Dinesh Kumar Tripathi, Flag Officer Commanding in Chief, Western Naval Command and Rear Admiral Anil Jaggi, Flag Officer Commanding Gujarat Naval Area in attendance, the release informed.

₹50-60 crore to develop its stores, Chandni Nath Israni, co-founder and managing director of the CK Israni Group, told Mint. At present, the company has four stores, three of which are in Delhi-NCR. It will launch its Mumbai outlet at Jio World Plaza soon, and expects the next phase of growth to come from Mumbai, Kolkata, Bengaluru and Pune.

MPs Mahua Moitra, Shashi Tharoor and Asaduddin Owaisi, received a message from Apple. It read: “State-sponsored attackers may be targeting your iPhone." Besides them, two editors also received the message. Siddharth Varadarajan, one of them, had caused a stir in Indian politics in July 2021 when he revealed the deployment of Pegasus spyware on mobile phones and other devices.

NEW DELHI : Germany is keen to expand its development partnership with India in strategic third countries, a year after the two countries unveiled a program to cooperate in Peru, Malawi, Ghana, and Cameroon. While the India-Germany cooperation in these countries has been focused on climate and sustainability, Germany is interested in expanding the programme to include healthcare projects and sponsoring health-related research and development in Africa, said Jochen Flasbarth, state secretary in Germany’s Federal Ministry for Economic Cooperation and Development, in a press interaction in New Delhi.

OceanaGold (OTC:OCANF) Corp, through its subsidiary OGPI, has revised its annual gold production guidance for its Didipio mine in the Philippines. The new estimate is now set at 135,000 ounces, an increase from the initial forecast of 120,000 to 130,000 ounces. Despite facing challenges in the mill zone pit at Haile in Q3 2023, CEO Gerard Bond confirmed they are on track for their annual output thanks to robust performance at Didipio and Macraes mines.

poll-bound states, political leaders have started visiting temples to seek blessings. Congress leader Rahul Gandhi on Sunday offered prayers at the reverred Kedarnath Temple in Uttarakhand, while Prime Minister Narendra Modi offered prayers at Maa Bamleshwari temple in Chhattisgarh's Rajnandgaon district. In a post on X, the Congress party said, “Jai Baba Kedarnath.

CAIRO (Reuters) -Evacuations of injured Gazans and foreign passport holders through the Rafah crossing to Egypt have been suspended since Saturday, but Egyptian, U.S. and Qatari officials said there were efforts to resume them.

Mizoram seeking their support and blessings to make their homeland «marvellous». Addressing the people of the Northeastern state on the last day of the campaign, Modi in the video message said the BJP-led central government has taken steps to improve its various infrastructure, including railway, health and sports. Terming the people of Mizoram like his family members, he said it has always been a great pleasure for him to interact with the state's warm people.