Country Financial News

Track the latest updates on Israel-Hamas war Syria, under Bashar al-Assad's rule since 2000, has held differing views on Hezbollah. While the Syrian leadership adheres to the Alewite sect, Hezbollah adheres to hardline Shia school of thought, and envisages a theocratic state on the lines of post-1979 Iran. The Assad-Hezbollah relations, however, turned strong in the aftermath of the Syrian civil war in 2011, as the militant group sided with Iran and Russia to back the embattled Syrian president.

NEW DELHI : India-backed Global Biofuels Alliance (GBA) is looking for more countries to join it from South-east Asia and Africa after the Philippines and Tanzania became the latest entrants. The move is strategically significant as it is expected to give India an upper hand over China which has interests in both South East Asian and Africa and has been opposed to joining the alliance. The alliance launched on 9 September on the sidelines of the G20 Leadership Summit was initially conceptualized with a view to getting all G20 members on board.

NEW DELHI : India’s coal stock currently stands at around 71.35 million tonnes, 18.05% higher on a year-on-year basis, the coal ministry said on Monday. In a statement, the ministry said daily supplies of coal to power plants are now higher than demand. After a long rain spell in early October in coal-producing states, production has picked up in the last 10 days.

By Anna-Catherine Brigida

Tata Consultancy Services (TCS) shares at the time of its listing on Indian stock markets for public trading back in 2004, what returns would you have generated? According to TCS chairman, N Chandrasekaran, TCS shares had provided a whopping 3,000% return (bit.ly/3PgXEgF) by a certain point in 2021 when the stock traded at around ₹3,200 per equity share (the price is even higher now). How does one explain such a staggering number and what is the quickest way to calculate returns for any company’s stock, for any period, and in any context? The answer could be LIVA: Long-term Investor Value Appropriation (bit.ly/3CqEz3F), a metric developed by Phebo Wibbens and Nicolaj Siggelkow at INSEAD, which is an acronym for Institut Europeen d’Administration des Affaires, a business school, and the Wharton School of the University of Pennsylvania, respectively.

₹2 lakh for the first offence. For subsequent offences the fine increases to a minimum of ₹5 lakh, and up to 10 times the value of the goods in question.

GST) mop-up. As this is a consumption-based tax, if its collections are increasing, it suggests higher consumption. Growth in these first 6 months has been around 11%, which comes on top of 32% growth (which was a blip because of the 2021 covid lockdown).

Agniveer Gavate Akshay Laxman in Siachen is very sad. My deepest condolences to his family. A young man was martyred for the country - no gratuity, no other military facilities during his service, and no pension to his family in martyrdom.

Are you ready to be the next big winner in the world of online crypto gambling? Imagine hitting the jackpot and cashing in a whopping $2.7 million at a Bitcoin casino. It’s not just a dream – it’s a reality for some lucky players. However, as the old saying goes, “With a great win comes great responsibility.”

fentanyl-related deaths from 3% in January that year to 11% in June 2022. Last month the White House announced a plan to stop its spread. How worrying is tranq dope? Tranq dope combines fentanyl, a synthetic opioid drug, with xylazine or “tranq", a strong non-opioid tranquiliser used to sedate horses, deer and other large animals.

Narendra Modi spoke to Jordan's King Abdullah-II amid the Israel-Hamas conflict as the two leaders shares concerns regarding terrorism, violence and loss of civilian lives. Modi said on X that concerted efforts are needed for an early resolution of the security and humanitarian situation.

Microsoft said it will spend A$5 billion ($3.2 billion) expanding its artificial intelligence (AI) and cloud computing abilities in Australia over two years as part of a wide-ranging effort that includes skills training and cyber security. The U.S. tech giant said it would raise its computing capacity in Australia by 250%, enabling the world's No. 13 economy to meet demand for cloud computing — the practice of storing data on a separate network — which was expected to double from 2022 to 2026 as AI became more prevalent.

middle class is «more and more apparent» under the Modi government, Congress MP Jairam Ramesh on Monday said analysis of income tax returns from 2013-14 to 2021-22 «confirmed» increasing income inequalities in the country. The analysis of income tax returns reveals a widening gap between the ultra-rich and the middle class during the tenure of the Modi government. The data speaks volumes--during the financial year 2013-14, the top 1 per cent of income taxpayers collectively accounted for 17 per cent of all income, Jairam Ramesh claimed in a post on X (formerly Twitter). Fast forward to 2021-22, and that same elite group was responsible for a staggering 23 per cent of the nation's income, he claimed. «An analysis of the publicly available data on income tax returns for the period 2013-14 to 2021-22 confirms one of the essential themes of the Bharat Jodo Yatra--that of increasing income inequalities.

Hamoon’ is a Persian word that refers to inland desert lakes or marshlands. They are formed as natural seasonal reservoirs in areas adjoining the Helmland basin. Also Read: Cyclone Hamoon likely to hit Andhra Pradesh tomorrow.

Also Read: Cyclone Hamoon may intensify in next 12 hours, IMD issues yellow alert for THESE states According to the the Weather Channel, cyclone Hamoon is likely to intensify into a cyclonic storm in the next 12 hours. Afterwards, the storm will move north-northeastwards and cross Bangladesh coast between Khepupara and Chittagong on Wednesday. Throughout its course, the tropical cyclone is set to bring rainfall in India's eastern states including West Bengal, Odisha, etc.

By Jorgelina do Rosario

Bishan Singh Bedi, who died on Monday, describing him as one of the best bowlers the country has produced and one who went out of the way to help youngsters. Bedi, who played 67 Tests between 1967 to 1979 and took 266 wickets, died at his home here after a prolonged illness. He was 77 and is survived by his wife Anju, son Angad and daughter Neha.

(Reuters) -Chevron said on Monday it agreed to buy Hess for $53 billion in stock, the second proposed mega-merger among the biggest U.S. oil players after Exxon Mobil (NYSE:XOM) bid $60 billion for Pioneer Natural Resources (NYSE:PXD) earlier this month.

Vivek Ramaswamy has made a plea for the United States to create its own missile defense system, drawing inspiration from Israel's Iron Dome. The Indian origin billionaire believes in the necessity of such a system to protect the nation from external threats, particularly in light of the advanced missile capabilities possessed by countries like Russia. In his further argument, he pointed out the fact that Russia possesses hypersonic missile capabilities that outmatch those of the United States.

concessional tax rate of 15% to domestic infrastructure companies and non-corporate taxpayers like LLPs and trusts, exemption from withholding tax on payment of interests on overseas bonds having longer maturity period than 5 years and allowing carry forward and set off of business losses for service industry are some of the prominent direct tax proposals by industry for the Vote on Account. Currently companies set up after October 1 get a concessional tax rate of 15% which are engaged in the business of manufacture or production of an article or things, including generation of electricity. However this concessional tax rate is not available to the domestic companies engaged in the infrastructure sector.

Sequent Scientific, Kirloskar Brothers, Hindustan Construction Company, Ion Exchange (India), Jubilant Pharmova, Jai Corp, and KIOCL, all witnessing losses of over 10% in trade. Other stocks such as Vascon Engineers, Onward Technologies, MTNL, Parag Milk Foods, Asian Granito India, Star Cement, Man Industries (India), Titagarh Rail Systems, Orient Paper & Industries, B L Kashyap & Sons, SEPC, Sasken Technologies, Prime Focus, and Atul Auto recorded declines in the range of 8–10%.