Country Financial News
03.11 / 09:53
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Western countries clash with Saudi over UN climate fund
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03.11 / 09:03
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India tops in workplace burnout survey with 59% reporting symptoms
Narayana Murthy’s 70-hour work week remark: 7 ways to design a “rich" life on your terms The survey, conducted on 30,000 employees in 30 countries around the world, reported positive overall holistic health at workplaces. While Japan stood at the bottom in a global ranking of employees’ well-being, measured by assessing physical, mental, social, and spiritual health at 25%, Turkey was highest at 78%, followed by 76% for India and 75% for China.
03.11 / 08:23
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US imposes sweeping new sanctions targeting Russia over war in Ukraine
By Daphne Psaledakis and Timothy Gardner
03.11 / 07:14
Provident
Citizens
country
Which banks are giving the highest fixed deposit (FD) interest rates? Check here
DCB Bank offers the best FD interest rates, and among public sector banks, Punjab & Sind Bank is giving the best returns on term deposits. Senior citizens usually get an additional interest rate of 50 bps or more over the regular fixed deposit rates. For regular consumers, it offers interest rates between 4.5% to 9%.
03.11 / 06:51
Apple
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Apple sees sixth straight quarter of record revenue from iPhone sales in India
₹50,000. However, analysts and retailers both believe that there could be a ceiling to Apple sustaining this growth pace in the country.
03.11 / 06:47
Citi
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Top 10 most polluted cities in India: Delhi on top, northern cities battling haze fill list
Delhi-NCR air quality ‘severe’ to breathe as smog envelops region | Photos, videos So, what about the other cities in India? We take a look at the top 10 with the worst air pollution levels in the country. AQI levels from 401-500 are termed as 'hazardous', while levels between 301-400 are 'severe', and between 201-300 are 'unhealthy'. Pan-India, the AQI level is 'poor' recording 151, as per AQI.in.
03.11 / 06:25
03.11 / 05:33
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FIVE
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India’s steel expansion plans threatened by scrap metal export restrictions
scrap metal shipments from the European Union as it seeks to reduce industrial emissions may make it harder for India to grow its steel sector. Countries are recycling more scrap domestically to reduce the use of pollutive feedstocks like iron ore in the steel-making process. For India, which is scrap deficient due to a relatively small consumer base, imports are key to its target of doubling steel production capacity to 300 million tons by the end of the decade. Producers are following policy developments such as the EU’s update of its waste shipment rules, which came after China tightened scrap metal exports.
03.11 / 05:01
Booking
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Apache
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Is the peak over for the PSUs or is there a lot more legs to this rally? Gurmeet Chadha answers
Gurmeet Chadha, CIO & Managing Partner, Complete Circle Consultants, says “probably a large part of the PSU rally is already in the price. One has got to be more selective here, especially with banks, because you will see some pressure on NIMS. There is some concern on unsecured lending by RBI and in PSU banks you can have some negative surprises, which can rekindle the previous experience people have. If given a choice, I would prefer to be with SBI, Bank of Baroda, if I go a notch down, maybe Canara Bank.” A slew of earnings has attracted all the attention. Is there anything that has got your attention? If you remove IT and chemicals, it has been a pretty good earning season. In fact, even including them, the median earnings has been upwards of 18% as far as the larger universe we track is concerned which also points to a decent growth momentum in the economy. The RBI governor also highlighted that Q2 GDP could surprise positively. The domestic oriented consumption theme is clearly standing out. Among capital goods stocks, L&T was a standout result. What it tells us is that not only is the domestic investment cycle upticking, the Middle East is now meaningfully contributing as oil inches higher and the countries start investing in renewable energy.
03.11 / 05:01
Cooper
Progressive
Platform
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Progress slow in UN SDG 2030 goals: UNDP Deputy Representative
Isabelle Tschan, the Deputy Resident Representative of the UNDP, on Thursday said that while the UN agency is halfway through the sustainable development agenda (SDGA 2023), they are not making the progress they would like to make. She explained that here both the UN member-states and the private sector have an important role to play in this agenda and partnership is central to it. “In terms of the cooperation, we believe at the UN and that North-South cooperation will help tremendously.
03.11 / 05:01
country
reports
Around 97,000 Indians arrested while crossing into US in past one year: Report
Times of India reported citing US Customs and Border Protection (UCBP) data. In 2019-20, 19,883 Indians were apprehended, the report added. As many as 30,010 were caught on the Canada border and 41,770 at the frontier with Mexico between October 2022 and September 2023.
03.11 / 04:01
Digital
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ETMarkets Smart Talk: Till next Diwali, I think value lies in quality: Shiv Sehgal
“For the next Samvat, I think we should return back to a regime where there will be a preference for quality/cash cows which have underperformed,” says Shiv Sehgal, President and head,Nuvama Capital Markets. In an interview with ETMarkets, Sehgal said: “I think to spot gems in a falling market, one should follow a sound bottoms up framework of stock picking” Edited excerpts: We have seen more than 6% correction from the highs in both Sensex and Nifty. What is fueling the fall – is it the combination of the rise in US Yields and geopolitical concerns? The Nifty50 and Indian equities have been outliers amongst the global equity bourses. It is perhaps the only index in the world that has hit fresh highs in 2023.
03.11 / 04:01
Waters
Extreme
CEO
Corning
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prevention
World's top sugar trader is having deja vu of an epic shortage thanks to non-contributory India
Consecutive years of deficits, weather damage in key crops and shipping bottlenecks are reminding the world’s top sugar trading company of 2010 and 2011, when prices of the sweetener hit a three-decade high. “Current conditions are eerily similar,” said Mauro Angelo, chief executive officer at Alvean, a trading house controlled by Brazilian producer Copersucar SA. The company expects a sixth straight year of deficits in the coming season as a poor outlook for India’s crops is set to drive down global stockpiles of sugar. To make matters worse, top producer Brazil is seeing a repeat of last decade’s logjams that’s keeping the world undersupplied. “Rains in India have been horrible and water reservoirs are extremely low, so the next crop could be even worse than the current one,” Angelo said in an interview. India isn’t expected to ship any sugar for the season that just started, a shift from two seasons ago when exports were as much as 11 million tons.
03.11 / 04:01
Apple
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Q4
Apple posted record India revenue in Q4 2023: Tim Cook
Apple chief executive Tim Cook said on Friday that the iPhone maker set a quarterly revenue record in India with a strong double-digit year-on-year growth in the July-September period, adding that the country is a major focus for Apple. The United States-headquartered company reported revenue of $89.5 billion for the quarter to September, down less than 1% year-on-year, with iPhone sales contributing $43.8 billion. Apple set record revenues for iPhones in India, among other emerging markets. Cook said iPhone revenue came in ahead of the company’s expectations, setting an “all-time record” in India, among quarterly records in other markets. “It’s (India) an incredibly exciting market for us, and a major focus of ours.
03.11 / 03:43
Manufacturing
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Oil prices steady after wild swings, but set for second week of losses
Investing.com-- Oil prices steadied in Asian trade on Friday after a weakened dollar and easing concerns over the Israel-Hamas war spurred wild swings over the prior sessions, although they were still set to close lower for a second straight week.
03.11 / 03:09
Provident
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Platform
Assurant
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innovations
PM Modi to inaugurate World Food India 2023 today
Narendra Modi will inaugurate the second edition of the Mega food event 'World Food India 2023' on Friday at Pragati Maidan in the national capital. The event will be inaugurated at 10 am in Bharat Mandapam at Pragati Maidan. With the aim to strengthen Self Help Groups, the Prime Minister will disburse seed capital assistance for over one lakh SHG members. «This support will help SHGs gain better price realisation in the market through improved packaging and quality manufacturing,» the Prime Minister's Office said in an official statement. Prime Minister will also inaugurate 'Food Street' as part of World Food India 2023. It will feature regional cuisines and royal culinary heritage, wherein over 200 chefs will participate and present traditional Indian cuisine, making it a unique culinary experience. The event aims to showcase India as the 'food basket of the world' and celebrate 2023 as the International Year of Millets.
03.11 / 02:47
Digital
Citizens
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consequences
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donates
What a Nobel laureate can teach us about the economics of electoral bonds
₹10 million. They can be bought by individuals or companies via cheques or digital payments from the State Bank of India. The buyer can donate the bonds to any political party that has received at least 1% of the vote share in the previous Lok Sabha or a state assembly elections.
03.11 / 02:27
Digital
Booking
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pandemic
country
folk
Hard work matters but India’s challenge is to turn workers into capitalists
Narendra Modi had struck a chord with the same demographic bulge by drawing a distinction between “hard work" and “Harvard." It was a point of political rhetoric, with the latter meant as a stand-in for privilege. In a country of multitudes aspiring to lifestyles the internet had begun exposing them to, it held a special appeal among those who saw themselves on the hard-work side of that split. The actual hours they worked wasn’t relevant—nor its intensity, let alone productivity.
03.11 / 02:27
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2020
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Stocks to Watch: Tata Motors, TCS, Adani Green, HPCL, IndiGo, Berger Paints
Tata Motors: Tata Motors Ltd’s passenger electric vehicle subsidiary on Thursday said it will enter a strategic partnership with Jaguar Land Rover, the wholly-owned British luxury vehicle arm of the group, to leverage its electrified modular architecture (EMA) platform and develop its premium pure EV series. Tata Motors reported a consolidated net profit of ₹3,783 crore for the September quarter. Its total consolidated revenue from operations stood at ₹1,05,128 crore.
03.11 / 01:01
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'World Food India 2023': PM Modi to inaugurate mega food event today. All you need to know
Narendra Modi will inaugurate the second edition of the Mega food event ‘World Food India 2023 ’ .The event will be inaugurated at 10 am in Bharat Mandapam at Pragati Maidan, New Delhi To strengthen Self Help Groups, the Prime Minister will disburse seed capital assistance for over one lakh SHG members. "This support will help SHGs gain better price realisation in the market through improved packaging and quality manufacturing," the Prime Minister's Office said in an official statement. Prime Minister will also inaugurate 'Food Street' as part of World Food India 2023.
02.11 / 23:21
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