Country Financial News

Investing.com — Big Four accounting firm PwC has tapped the head of its international advisory business, Mohamed Kande, as its next chair, according to a report in the Financial Times.

By Shivansh Tiwary and Abhijith Ganapavaram

Israel-Gaza War: An unusual development took place in Russia’s Dagestan airport when throes of protestors stormed the premises, ostensibly demonstrating against the arrival of a flight from Israel amid the war in Gaza. The development comes in a country which has been at war with East European neighbour, Ukraine, for almost twenty months now. Catch LIVE updates on Israel-Gaza war According to reports the crowd broke past security, with some making it onto the runway of Makhachkala airport, before they were removed by security forces.

India recently chose to abstain from a UN General Assembly vote that sought a humanitarian truce and the protection of civilians amid the intensifying conflict between Israel and Gaza, drawing significant domestic scrutiny. Here's a breakdown of India's decision and its implications - The UN General Assembly's resolution called for an “immediate, durable and sustained humanitarian truce leading to a cessation of hostilities", especially given that the death toll in Gaza has reportedly surpassed 8,000, due to Israel's ongoing airstrike campaign. The conflict escalated following Hamas' attacks in Israel on 7 October, leading Israel to launch a ground offensive into Gaza.

₹20,685 crore. The project has got the required statutory clearances and will be ready in the next four years, CEO and MD of the company Akshay Kumar Singh said addressing the media.

₹809.43 crore from ₹375.43 crore in the year-ago period, according to the company’s financial data accessed by business intelligence platform, Tofler. Revenue from operations surged 40% in FY23 to touch ₹12,840.2 crore, up from ₹9,147.74 crore reported in the year ago period as the company witnessed greater demand for its beverages post-covid. "Hindustan Coca-Cola Beverages Private Limited, which manufactures, packages, sells, and distributes beverages in India, reported its revenues for the financial year 2022-23 as Rs12,840 crore, a 40 % jump since the last financial year.

Following a strong performance by European banking stocks this year, investors should now bet on declines in the sector as lenders are at risk from a looming peak in bond yields, according to JPMorgan Chase & Co. strategists.

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F-16 Fighting Falcon fighter jets. Over the weekend, Denmark and the Netherlands announced that they would begin sending F-16s to Ukraine as soon as the training of the first group of pilots to fly them is complete. The Danish air force will donate 19 F-16s (upgraded in recent years) and the Dutch an as yet unclear number of the 42 F-16s they possess.

BJP on Monday accused the Congress of being driven by petty, vote-bank politics in its stand on the Israel-Hamas conflict and asked when was the last time its senior most leader wrote in the media on an international conflict. BJP spokesperson Sudhanshu Trivedi's sharp attack on the Congress came after its former president Sonia Gandhi said in a newspaper article her party is «strongly opposed» to India's abstention on the recent UN resolution which called for humanitarian truce amid unfolding crisis in Gaza amid massive Israeli military attack on the tiny territory. Government sources have said the absence of any mention of the October 7 attack on Israel by Hamas terrorists in the resolution was the reason for India's abstention as there can be no equivocation on terror.

Rajnath Singh on Monday stressed the need to build trust among countries on the maritime front through dialogue and said common maritime priorities of tackling climate change, controlling piracy, terrorism and drug trafficking should be addressed in cooperation. Singh was addressing the Indian Navy's Goa Maritime Conclave (GMC) 2023, which began on Sunday. The conclave will conclude on October 31.

Airtel Africa which operates in 14 African countries has reported an 8.8 per cent year-on-year decline in consolidated net profit at USD 138 million in the fiscal's second quarter ended September 2023. The profit after tax stood at USD 152 million in the year-ago period, according to a release by the company which provides telecommunications and mobile money services. Airtel Africa's revenue for the quarter ended September 2023 came in at USD 1,246 million.

it is not happening—replacing old grids and installing new technology is just too expensive for developing countries. To reach net-zero emissions by 2050, the International Energy Agency, an official forecaster, reckons developing countries would have to spend at least $300bn on renewable grids until 2030, five times their current outgoings. Thus there is no way round the missing finance.

Vancouver Sun, people voted in Surrey on Sunday. It was the second referendum on Khalistan held by Surrey Gurdwara where pro-Khalistan leader Hardeep Singh Nijjar was shot dead in June. Also, the US-based group Sikhs For Justice held a second round of voting in British Columbia for its unofficial referendum to create an independent Sikh state, CBC news reported.

(Reuters) — Prime Minister Mikhail Mishustin said on Monday that Russia would create a simplified procedure for citizens and companies from «friendly» countries to invest there.

Investing.com — European stock markets traded with small gains Monday as investors digested regional inflation data, ahead of several central bank meetings, including a crucial gathering by the U.S. Federal Reserve.

By M. Sriram

Investing.com-- Most Asian stocks fell on Monday as investors hunkered down for a data-heavy week headlined by the Federal Reserve, while uncertainty before a Bank of Japan meeting weighed heavily on the Nikkei. 

Some of Australia’s largest nickel producers are increasingly concerned that the Biden administration will allow their big Indonesian rivals access to incentives under the Inflation Reduction Act – a huge subsidy to encourage the transition to clean energy – as early as next month.

Endeavour chief executive Steve Donohue says the hotels and liquor retailing group will wind back the purchase of new pubs and cut investment in its rapid delivery service as it tries to lift shareholder returns.

An Australian regenerative medicine company is preparing for a major expansion in the US with a unique “collagen Velcro” sourced from high-quality pigs that repairs severed nerves.