Country Financial News

Israel-Hamas War: On 7 October, when Hamas fighters from Gaza attacked Israel, in a surprise multi-pronged attack, killing at least 1,400 people, Indian's Prime Minister and Bhartiya Janata Party (BJP) leader Narendra Modi was one of the first to have tweeted solidarity and condolences to Israel. Narendra Modi condemned the “terrorist attacks" and said India “stands in solidarity with Israel at this difficult hour".

One of Australia’s biggest retailers, Cotton On, backed by billionaire Nigel Austin, is advancing its international push after opening more than 100 overseas stores last year.

Ozempic maker Novo Nordisk is facing a proposed class action lawsuit that alleges the company has not properly warned Canadians about severe side effects, including stomach paralysis and gallbladder disease.The proposed class action lawsuit was filed on Oct. 6 in British Columbia for alleged damages arising from Novo Nordisk’s drugs Ozempic, Rybelsus and Wegovy.

Siddaramaiah extended his greetings to the people of the state on its formation day, which commemorates the 50th year since the state was officially renamed Karnataka in 1973. The state of Karnataka came into being on November 1, 1956, following the merger of Kannada-speaking regions. As a result, November 1 is celebrated as Karnataka Rajyotsava Day.

A U.S.-led alliance comprising forty countries has committed to signing a pledge that they will never pay ransom to cybercriminals.

India has no option other than to grow at 10% to catch up with the scale of China, India’s G20 Sherpa Amitabh Kant on Thursday said that the Indian economy is poised to be a $5-trillion economy. “This is India’s moment. We can go on to be the seventh-largest economy in the world.

Canada have chosen to leave in recent years, a threat to a country that relies on immigration to drive population and economic growth. The rate of immigrants leaving the country, or onward migration, has been steadily increasing since the 1980s and is rising among recent cohorts, suggesting newcomers “may not be seeing the benefits of moving to Canada,” according to a study on immigrant retention by the Institute for Canadian Citizenship and the Conference Board of Canada. Click & check your eligibility for immigration Find out The report, published Tuesday, underscored the risks of Canada failing to meet expectations of newcomers, who are facing worsening housing affordability, a strained health-care system and underemployment, among other issues.

Taiwan’s Criminal Bureau’s Electronic Investigation Team busted a major crypto money laundering operation, involving $320 million worth of USDT.

Narayana Murthy recently talked about how youngsters must work 70 hours a week to uplift India. He cited how a few countries after World War II worked longer hours to grow faster. While this comment is open to interpretation, people are divided.

Indian Railways will operate the fully reservation-based Patna-New Delhi Special Vande Bharat Express for a total of six trips. Earlier, Indian Railways announced 283 festival special trains for Diwali and Chhath Puja.

Asian stocks inched lower on Wednesday ahead of a keenly-awaited policy decision from the Federal Reserve later in the day, while the yen was stuck near one-year lows against the dollar, keeping markets on edge for possible intervention by Tokyo. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.13% lower, starting November in a sombre mood after clocking three straight months of losses.

Modi has also been invited for the APEC Leadership summit by President Biden. India is most likely to be represented by a Cabinet-level minister. Coming back to the Pierre's statement on Biden's meeting with Xi, she told reporters, “We've been talking about it.

Antony Blinken while endorsing the Islamist militant movement that has ruled the impoverished territory since 2007. Addressing a Senate hearing, Blinken said, “At some point, what would make the most sense would be for an effective and revitalized Palestinian Authority to have governance and ultimately security responsibility for Gaza." "Whether you can get there in one step is a big question that we have to look at.

Bangladesh has nearly 3,500 factories with some four million workers employed, mostly women, according to the Bangladesh Garment Manufacturers and Exporters Association, or BGMEA data. They get 8,300 takas or USD 75 as their monthly minimum wage but often need to work overtime to make ends meet, labor unions and workers said as quoted by The Associated Press. Thousands of garment factory workers took to the streets of Bangladesh's capital Dhaka and the industrial district of Gazipur on Tuesday to demand better wages.

Protean eGov Technologies IPO, formerly known as NSDL E-Governance Infrastructure has set the price band for its issue at ₹752-792 per share to raise ₹490.3 crore. The company is set to launch its three-day initial public offer on November 6 and close on November 8. Meanwhile, the anchor investors bidding for the IPO will start on 3 November.

LPG cylinders by ₹100 in various locations throughout the country. It is to be noted that this marks the second price hike for commercial LPG cylinders in the past two months. The hike will come into effect from November 1.

Britain will convene governments, academia and companies working at the cutting edge of artificial intelligence on Wednesday at the inaugural AI Safety Summit to debate how, and even if, the risks of the technology can be contained. The meeting is the brainchild of Prime Minister Rishi Sunak, who wants to carve out a role for Britain as an intermediary between the economic blocs of the United States, China and the European Union.

North Korea is poised to close as many as a dozen embassies including in Spain, Hong Kong, and multiple countries in Africa, according to media reports and analysts, in a move that could see nearly 25 percent of Pyongyang's missions close worldwide. North Korea's recent closing of its diplomatic missions was a sign that the reclusive country is struggling to make money overseas because of international sanctions, South Korea's unification ministry said on Tuesday. On Monday, North Korean state media outlet KCNA said the country's ambassadors paid «farewell» visits to Angolan and Ugandan leaders last week, and local media in both African countries reported the shutdown of the North's embassies there. Both Angola and Uganda have forged friendly ties with North Korea since the 1970s, maintaining military cooperation and providing rare sources of foreign currency such as statue-building projects. The embassy closings set the stage for what could be «one of the country's biggest foreign policy shakeups in decades», with implications for diplomatic engagement, humanitarian work in the isolated country, as well as the ability to generate illicit revenue, wrote Chad O'Carroll, founder of the North Korea-focused website NK Pro. More than a dozen missions may close, likely because of international sanctions, a trend of Pyongyang's disengaging globally and the probable weakening of the North Korean economy, he said in a report on Wednesday. Seoul's unification ministry, which handles inter-Korean affairs, said the pullout reflected the impact of international sanctions aimed at curbing funding for the North's nuclear and missile programs. «They appear to be withdrawing as their foreign currency earning business has stumbled

Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this week including the U.S. Federal Reserve, as the market also closely watches the latest developments in the Israel-Hamas conflict. Brent January crude futures rose 36 cents, or 0.4%, to $85.38 a barrel by 0040 GMT, after falling $1.33 on Tuesday.

NEW DELHI : Foreign electric vehicle (EV) makers such as Tesla Inc. seeking an Indian foothold may have relief at hand, with the government considering lower import duties for EVs up to a certain price level, two people familiar with the discussions said. All completely built-up (CBUs) vehicles priced below $40,000 now face an import duty of 70%, and a new national EV policy may slash it to 15-30% for EVs priced up to $25,000-35,000, the people said on the condition of anonymity.

war-torn Israel on Friday. The United States and other countries are looking at "a variety of possible permutations" for the future of the Gaza Strip if Hamas militants are removed from control. 1) Secretary of State Antony Blinken will head back to Israel on Friday.