Country Financial News
22.10 / 07:39
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Unconventional Dussehra celebrations: Bisrakh Village's remarkable tribute to Ravana
Navratri and Dussehra celebrations that sweep across India, there is a village that sets itself apart with its distinct traditions. Located not far from Delhi, in Greater Noida, the village of Bisrakh refuses to partake in the customary celebrations of Dussehra, a festival where effigies of the demon king Ravana are set ablaze.
22.10 / 07:39
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China, Philippines trade accusations over collision in South China Sea
China and the Philippines traded accusations over a collision in disputed waters of the South China Sea as Chinese vessels blocked a Philippine boat supplying forces there on Sunday, the latest in a series of maritime confrontations. The two countries have had numerous run-ins in areas of the South China Sea in recent months, especially the disputed Second Thomas Shoal, part of the Spratly Islands. The Philippines has been sending supplies to troops stationed on a rusted World War Two-era transport ship used as an outpost on the shoal, prompting China's coast guard to repeatedly deploy vessels to block the resupply missions. In the incident on Sunday morning, China's coast guard said there had been a «slight collision» between one of its ships and the Philippine boat while the coast guard was «lawfully» blocking the boat from transporting «illegal construction materials» to the warship.
22.10 / 06:49
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Iran's quandary: How to stay out of Israel's war on Hamas
Iran issued a stinging public ultimatum to its arch-enemy Israel: Halt your onslaught on Gaza or we'll be forced to take action, its foreign minister warned. Only hours later, the country's U.N. mission softened the hawkish tone, assuring the world that its armed forces wouldn't intervene in the conflict unless Israel attacked Iranian interests or citizens. Iran, a longtime backer of Gaza's rulers Hamas, finds itself in a quandary as it tries to manage the spiralling crisis, according to nine Iranian officials with direct knowledge of the thinking within the clerical establishment. Standing on the sidelines in the face of an all-out Israeli invasion of Gaza would significantly set back an Iranian strategy for regional ascendancy pursued for over four decades, according to the people, who asked to remain anonymous due to the sensitivity of the discussions in Tehran. Yet any major attack against a U.S.-backed Israel could exact a heavy toll on Iran and trigger public anger against the clerical rulers in a nation already mired in an economic crisis, said the officials who outlined the various military, diplomatic and domestic priorities being weighed by the establishment. Three security officials said a consensus had been reached among Iran's top decision makers, for now: Give their blessing for limited cross-border raids by its Lebanese proxy group Hezbollah on Israeli military targets, over 200 km away from Gaza, as well as low-level attacks on U.S.
22.10 / 06:29
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Venezuelans vote in opposition primary clouded by uncertainty
By Mayela Armas and Vivian Sequera
22.10 / 06:13
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Geopolitical tensions
Rising geopolitical tensions and gold’s role as a safe haven asset
Palestine culminated into a war. Prices disregarded the robust US economic release boosting bets of higher-for-longer interest rates which end up lifting the US currency and bond yields. Geopolitical tensions often have a significant impact on the performance of gold.
22.10 / 06:13
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2W replacement tyre demand in rural market yet to see complete revival, festive season offers hope: CEAT MD & CEO
CEAT Ltd MD & CEO Arnab Banerjee. With crude prices rising again after the recent geopolitical disturbance, there is uncertainty over crude-based raw material costs and if prices increase it could be a dampener to future growth. «The two-wheeler replacement market is growing year-on-year in strong single digits, which is much much different from quarter one.
22.10 / 06:13
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Steelbird lines up Rs 250 cr capex for new plant in South India
Steelbird Hi-tech India aims to invest over Rs 250 crore to set up a new manufacturing facility in Hosur, Tamil Nadu, as it looks to scale up capacity to cater to rising demand, according to a top company official. The company, which has four plants each in Baddi (Himachal Pradesh) and Noida, is looking to roll out over 20,000 units from the Hosur plant in two years time. In an interaction with PTI, Steelbird MD Rajeev Kapur said the plant has been envisaged to cater to the aftermarket and demand from various OEMs (Original Equipment Manufacturers) based in South India.
22.10 / 05:17
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On Israel-Hamas war, RSS chief Mohan Bhagwat says India never had wars on…
Hamas-Israel war. The remarks came while addressing a program to mark 350 years of the coronation of Maratha king Chhatrapati Shivaji Maharaj. “In this country, there is a religion, and culture that respects all sects and faiths.
22.10 / 05:15
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2020
Charting the global economy: China’s economy gains momentum
China exceeded forecast, helped by stronger retail sales at the end of the third quarter and bolstered by government stimulus efforts. Household demand was also robust in the US and likely contributed to the strongest pace of economic growth in nearly two years. Meanwhile, persistent industrial woes are projected to leave the German economy — Europe’s largest — in another recession this year. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: Asia China’s economy gained momentum last quarter as people ramped up spending on everything from restaurants and alcohol to cars, offsetting a drag from the property crisis and putting Beijing’s annual growth goal well within reach. China’s economy gained momentum last quarter as people ramped up spending on everything from restaurants and alcohol to cars, offsetting a drag from the property crisis and putting Beijing’s annual growth goal well within reach. China’s central bank stepped up efforts to support the nation’s economic recovery and debt sales by delivering the largest cash injection since 2020 with one-year policy loans. The injection of extra cash into the economy will offer a much-needed boost to China’s growth, which has been challenged by a lack of demand and a downturn in the property market this year. South Korea’s trade minister said his country is prepared to look for alternative sources of graphite if China’s newly strengthened export controls on the key material used in electric-vehicle batteries cause a severe shortage.
22.10 / 04:45
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Israel-Hamas War: US President Joe Biden urges for peace, says ‘two-state’ is the solution to the conflict
AP. This effort to normalisation was announced in September at the Group of 20 summit in India, with plans to collaborate on a shipping corridor.
22.10 / 04:45
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What is two-state solution to end Israel-Hamas war? Explained
Israel-Palestine conflict must be built on a two-state solution. This came during the first session of what was billed by Egypt as the Cairo Peace Summit which aims to find ways to prevent the war between Israel and Hamas. Arab presidents, royalty, and top officials from the Middle East, Europe, Asia, Canada, and Brazil were on hand.
22.10 / 03:47
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'Sorry Mr. Adani. I am not taking deal to shut up for six months': Mahua Moitra over Cash-for-Query row
war of words has erupted between Lok Sabha MPs Nishikant Dubey and Mahua Moitra over the ongoing cash-for-query controversy involving the TMC lawmaker. Dubey alleged that Moitra's parliamentary ID was used in Dubai while she was in India, claiming that the National Informatics Centre (NIC) had disclosed this information to probe agencies. He accused Moitra of compromising the country's security for money and accepting bribes to target the Adani Group and Prime Minister Narendra Modi.
22.10 / 03:01
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6.1 magnitude earthquake hits Nepal's Kathmandu Valley
Kathmandu, the capital city of Nepal. According to the National Earthquake Monitoring and Research Centre, the earthquake with epicentre in Dhading district was recorded at 7:39 am.
22.10 / 03:01
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What is Israel's military strength? Here’s everything you need to know
Defense Forces are known to be one of the most equipped militaries across the globe. Its annual budget exceeds $20 billion and Israel also has access to America’s high-tech equipment. Moreover, the cyber capabilities of Israel’s military is also commendable. It is to note that the military arm of Hamas has decreased dependency on guerrilla-warfare style strategy including rockets, snipers and explosive devices, as per Axios report.
22.10 / 02:06
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2020
Department
Updates
Cyclone Tej LIVE Updates: Cyclone expected to transform into Very Severe Cyclonic Storm before noon today, says IMD
Read all the latest updates on Cyclone Tej at Mint's LIVE blogIn 2022, no tropical storm was formed over the Arabian Sea during the post-monsoon season, while the Bay of Bengal witnessed two tropical storms -- Sitrang and Mandous.Cyclones in the Arabian Sea have a history of uncertain tracks and timelines, according to Skymet Weather.Once the cyclones are over the central parts of the Arabian Sea, their preferred track is towards Somalia, the Gulf of Aden, Yemen, and Oman. However, on a few occasions, these cyclones take a detour and head towards the Gujarat and Pakistan coastline, Skymet said.Cyclone Tej will be followed by the Iran-named Cyclone Hamoon – whenever it may occur.
22.10 / 02:06
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Happy Durga Ashtami 2023! Wishes and quotes to share with your loved ones on Navratri 8th day
Navratri festival, is also known as Maha Ashtami. This year, Durga Ashtami is being observed today, October 22. On this day, Hindus worship Goddess Mahagauri who represents serenity and purity.
22.10 / 01:19
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Updates
Israel-Hamas was Day 15 LIVE updates: Israel missile strikes Jenin mosque, 2 killed
Read all the latest updates on Israel-Hamas war at Mint's LIVE blogCanadian Prime Minister Justin Trudeau on Saturday met Palestinian, Arab, and Black Muslim communities in the country and assured them all the support.In a post on the X platform, Trudeau wrote, "We are stronger when we stand together for peace – and we will continue to do that. Canada continues to stand firmly for a two-state solution and for the right of Palestinians and Israelis to live side by side in peace and security".Israeli aircraft struck the Jenin refugee camp in the occupied West Bank early on Sunday, killing two Palestinians and wounding several others, according to Reuters news agency.
21.10 / 21:31
country
Over one thousand migrants reach Spain's Canary Islands in single day
ARGUINEGUIN, GRAN CANARIA (Reuters) — Over 1,000 migrants arrived in Spain's Canary Islands in a single day on Saturday after making the dangerous journey from Africa, including on a boat carrying 320 people that rescuers said was the most packed vessel they had ever seen.
21.10 / 21:13
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As Alberta eyes more than half of CPP assets, what could a split look like?
Alberta Premier Danielle Smith‘s push for her province to establish its own pension plan and break away from the Canada Pension Plan (CPP) leaves many questions swirling for Canadians across the country.
21.10 / 20:51
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Taylor Swift’s Era’s Tour bodyguard arrives in Israel to fight in Hamas War, State of Israel confirms
Taylor Swift’s bodyguard, who was with her during The Era’s Tour, has landed in Israel to fight in the Hamas war, the State of Israel has confirmed. Taking to Instagram, State of Israel shared the image of the individual on Instagram with caption, “Taylor Swift’s #ErasTour bodyguard returned home to fight for his country. We love your Eran [Israeli flag, heart emoji].” As per reports, Taylor Swift’s bodyguard is expected to have joined the Israel Defense Forces’ reserves, the national military of the State of Israel to fight for the country against Hamas.
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