Country Financial News

Moscow needs masses of soldiers for its Ukraine offensive. Russia does not say how many troops it has lost during the 20-month offensive, but independent estimates put the numbers well into the tens of thousands. Moscow has launched an aggressive recruitment campaign, offering huge salaries and welfare programmes in a bid to recruit soldiers for its assault. «The rate of recruitment for contracted military service has increased significantly. More than 1,600 people are signing a contract with the armed forces every day,» Russia's former leader Dmitry Medvedev, deputy chair of the nation's Security Council, said in a video published on social media.

Hinduja family head is confident about the potential of India and firmly believes it will become the third-largest economy in the world by 2030. «At the moment, the best country with a lot of potentiality and growth is India, and it is well protected and secure.

Rishi Sunak has urged for a 'specific pause' in the Israel-Hamas conflict in order for humanitarian aid to reach Gaza safely for those who are suffering without food, water, or medicine. However, the Prime Minister also mentioned that the idea was 'distinct' from a ceasefire. Further, Sunak also said that he understands the aid agencies require a 'safe environment' to help people living in Palestine.

Jumbuck Pastoral estate. Having established themselves as the third-largest landowner in the nation, this marks a monumental transition in the family's 135-year history. Recently disclosed through a staff newsletter, it's been revealed that the MacLachlan brothers, Jock and Callum, are departing the company as part of Jumbuck's strategic shift and succession blueprint. Their exit signifies the end of their tenure with one of the nation's top beef and sheep producers, marking a period where they dedicatedly «gave it their all.»

NCERT panel's recommendation to replace «India» with "Bharat" in school textbooks, and alleged that the ruling BJP wanted to change history and was taking such «desperate steps» fearing its defeat at the hands of the opposition bloc INDIA. Congress general secretary K C Venugopal said the word «India» evoked as much pride as «Bharat» but the ruling dispensation wants «to indoctrinate an entire generation into hating a word we grew up feeling a lot of pride towards.» There has been a raging debate over the government using «Bharat» instead of «India» at various international events in the recent past, after the opposition parties named their grouping as the Indian National Developmental Inclusive Alliance (INDIA).

By Patricia Zengerle

Rajeev Chandrasekhar. “October 20 to November 21, 1962, will forever be etched as a dark and humiliating chapter in the history of Independent India," Chandrasekhar, who is the Union Minister of State for Electronics and IT, posted on social media platform X. Chandrasekhar blamed the “Hindi-Chini bhai bhai" policy for the setback then suffered by India.

Reliance Industries Limited’ (RIL’s) telecom unit Reliance Jio Infocomm Limited has entered a partnership with network services and consumer experience provider Plume to provide smart home and small business services targeting 200 million premises across the country, the telco said in a statement. The telecom market leader, through this partnership, will deploy HomePass and WorkPass consumer services enabled by Plume’s AI-powered and cloud-based platform spanning whole-home adaptive WiFi, connected device and application performance optimization, cyberthreat protection for connected devices, advanced parental controls, and WiFi motion sensing, it added. “As we continue to expand our portfolio of connected home services, it is critical for Jio to provide our customers the most advanced and secure in-home digital services, delivering the best end-to-end customer experience,” said Mathew Oommen, president, Reliance Jio. “With scalable and leading-edge platforms from partners like Plume, Jio will continue to strengthen and enhance our connected home service offers and experience,” he added. Jio currently provides fixed-line and wireless services through the cloud, with all the infrastructure hosted in the country.

The sources also did not rule out the possibility of the Law Commission being called again by the Kovind panel. The panel had invited the Law Commission to seek its views on how simultaneous pollscan be held in the country. The committee, which had in its first meeting recently decided to seek views of political parties, has now written to them to elicit their views on holding sustainable simultaneous polls in the country. In a communication to the parties, it has sought an interaction with them on a «mutually agreed date», sources said citing the letter. They said parties have also been given an option to send their views in writing in the next three months. The Law Commission is working on a formula to synchronise all assembly polls by extending or reducing the tenure so that these elections can be held along with the Lok Sabha polls 2029 onwards. The law panel is devising a mechanism to ensure a common electoral roll for Lok Sabha, assemblies and local bodies to reduce cost and use of manpower for undertaking an almost identical exercise which is carried out now by the Election Commission and various state election commissions. For synchronising various assembly polls to ensure both state and Lok Sabha elections are held together from 2029 onwards, the commission may suggest reducing or enhancing the tenure of legislative assemblies. A mechanism is being devised to ensure that once Lok Sabha and assembly polls are synchronised, voters go to the polling booth only once to cast their ballot for both the elections. The sources said since assembly and parliamentary polls are held in phases, the commission is working out modalities to see that voters do not go to polling stations more than once to cast their

Rajeev Chandrasekhar said the period of India-China war in 1962 will forever be etched as a dark and humiliating chapter in the history of independent India. «That was the time when thousands of Indians and numerous members of our armed forces paid with their lives for the delusional 'Hindi-Chini bhai bhai' policy followed by the then political leadership of Pt. Jawaharlal Nehru and his Leftist Defence Minister, Krishna Menon,» he posted on X.

By Ranjan Dhar India, currently the fastest-growing major economy, is set to emerge as the third largest by 2027, propelled by a host of factors, including favourable demographics, stable and progressive policies with a strategic focus on infrastructure, digitisation, manufacturing, logistics, trade, and energy transition. Despite strong global headwinds and rising interest rates, India is still expected to grow between 6.5 per cent and 7.0 per cent by 2030. Steel will be at the heart of industrial expansion, which is why India plans to double steel production to 300 million tonnes per annum by 2030.

militancy, narcotics, etc. She emphasized Manipur's strength of diversity and called it a testament to the harmonious coexistence. "In an effort to simplify the ongoing crisis between two tribal communities merely as a religious clash and to malign the Hindu image, the real cause of the conflict has been completely ignored," Rajshree Keisham said during a Congressional hearing organized by HinduACTion and Namaste Shalom Multi-faith Alliance.

Narendra Modi will inaugurate several development projects worth around ₹7,500 crore in Maharashtra on 26 October before kicking off the National Games in Goa later in the day, the Prime Minister's Office said on Wednesday. More than 10,000 athletes from across the country will compete in over 43 sports disciplines at the National Games in Goa.

insurance, improving their incomes and agency. Moreover, receiving payments into a bank account acts as a catalyst for the utilization of various financial services, raising women’s capacity to save, borrow and efficiently manage funds. The Global Findex Report 2021 has numerous examples of this from various countries.

By Ebru Tuncay and Birsen Altayli

Polish politician Donald Tusk is in Brussels seeking to repair his country's ties with the European Union

A company official says more than 100 miners have escaped from a gold mine in South Africa after being held underground for three days by fellow employees in a union dispute

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Jubilant FoodWorks, which owns Domino's pizza franchises in India and a few other countries, on Wednesday reported a 39.5% year-on-year (YoY) decline in standalone profit at Rs 72.1 crore for the quarter ended September. It was Rs 119.2 crore in the year-ago period. The profit was below the ET Now Poll estimate of Rs 84 crore. Its profit after tax (PAT) margin declined by 38 bps sequentially to 5.4% while its EBITDA margin came in at 20.9%, lower by 23 bps sequentially. During the quarter, the pizza seller reported a 4.5% YoY rise in its revenue from operations to Rs 1,344.8 crore as compared to Rs 1,286.8 crore in the year-ago period.

The war between Israel and Hamas is adding more tension in a world already riled with unrest, according to the head of the International Monetary Fund.

By Natalie Grover