Country Financial News

The Indian Army is giving young people a chance to join through an online application process. This opportunity is part of the 51st (10+2) Technical Entry Scheme (TES51). If you finished your 12th grade with Physics, Chemistry, and Mathematics (PCM) and also appeared for the JEE (Mains) 2023 exam, you can apply. The best part is, you don’t need to take the UPSC NDA written exam. The Army aims to fill 90 vacancies with this initiative.

Every year, the festive season brings with it a wave of excitement, as auspicious joy sweeps through the Indian real estate market. This is a sentiment-driven industry where hope, aspiration, and positive energies converge to create a buyout environment and a positive sentiment amongst homebuyers and investors alike. It is not just a time of celebration but also a time of new beginnings and prosperity, making it an opportune period for real estate activity to flourish. The festive season has a profound and undeniable impact on the real estate landscape in India.

Co-living operator Settl., which is managing 3,500 beds across Bengaluru, Gurugram and Hyderabad, plans to enter the Chennai market where it will soon launch 300 beds catering to working professionals.

India is witnessing a worrying trend of spurt in financial frauds. An IIT-Kanpur study shows that between January 2020 and June 2023, financial scams accounted for more than 75 per cent of all the cybercrimes that were reported in the country. Most of these financial scams were related to digital banking and UPI payments. Nowadays, cyber criminals have begun to target people by using the fault in the newly-launched Aadhaar-enabled Payment System (AePS).

To paraphrase a line from “Hamlet”: To itemize or to take the standard deduction? That is the question.

MUMBAI : At the recently concluded International Monetary Fund (IMF)-World Bank meetings in Marrakesh, officials fretted over the new trend of interest rates remaining high for a long period. Mint looks at how it will impact the world at large and India in particular. Central banks across the world have raised interest rates over the last 18 months or more to battle runaway inflation.

New York State Attorney General Letitia James is suing cryptocurrency firms Gemini, Genesis, and Digital Currency Group (DCG) on charges of fraud in a lawsuit announced Thursday.

SEOUL—Russia said it supports holding regular security talks with North Korea and China to address the threat posed by the U.S. on the Korean Peninsula, as Moscow draws closer to its partners and attempts to counter Western isolation. Russian Foreign Minister Sergei Lavrov backed the idea during his two-day trip to North Korea that ended Thursday, according to Russian state media.

₹2,133 crore. Jefferies India’s analysts reckon that Q2 Ebitda was at an “all-time high" and Ebitda per vehicle, which was up 6% sequentially, was also at a new high. One factor that aided Q2 margin was the rise in the share of three-wheelers (3Ws) in the sales mix.

PARIS (Reuters) -Third quarter sales at L'Oreal rose 11.1%, led by growth in Europe and the United States but missing expectations for a strong rebound in China.

Global fintech giant Airwallex on Thursday said it has agreed to acquire MexPago, a rival payments company based out of Mexico, for an undisclosed sum to help the firm expand its Latin America footprint.

South Korean Unification Ministry has been closely monitoring the import of luxury items into North Korea, revealing a noticeable surge in conspicuous wealth among the country's elite. The Kim Dynasty and other high-ranking individuals in North Korea have demonstrated an enhanced appetite for designer imports and luxury products.

coal imports last year, the government said on Thursday. Though the share of coal import in total consumption came down from 26 per cent to 21 per cent in the last five years, India is importing more than 200 million tonnes (MT) of dry fuel every year, incurring huge foreign exchange outflow. «The goal of coal ministry is to enhance coal production to ensure adequate availability of coal for fast growing economy of the country.

Smarter Dharma, a sustainable solutions platform for real estate firms, has raised $500,000 in seed funding from Zerodha’s Rainmatter, Gruhas and Anthill Ventures, among others. The Bengaluru-based startup works towards reducing the carbon footprint of companies in the real estate sector.

Alsu Kurmasheva, a U.S. journalist, over allegations of not complying with foreign agent registration requirements. Kurmasheva who is the Editor at Radio Free Europe-Radio Liberty (RFE/RL) has been confined to a detention centre in Russia’s Kazan. Her organization gets financial support from the US government. This occurrence represents the second instance of a U.S. journalist encountering legal custody in Russia during this year.

Delhi: Trains of the Regional Rapid Transit System (RRTS), to be inaugurated by Prime Minister Narendra Modi on Friday, will be known as 'Namo Bharat', official sources said. The 17-km priority section of the Delhi-Ghaziabad-Meerut RRTS Corridor is slated to be opened for passengers on October 21, a day after its inauguration.

Russia’s strategic dependence on China has only grown since the war. This year, trade between the two powers has soared to levels not seen since the beginning of Moscow's war in Ukraine, with Chinese imports of Russian oil offering Moscow a critical lifeline as international sanctions bite.

Netflix showed resilience by gaining more quarterly subscribers than in the past three years despite strikes by Hollywood's writers and actors, sending its shares up 14.5% on Thursday. Netflix capitalized on its heft in global production, as well as the economic hardships of its media rivals, to garner 247 million subscribers in the third quarter, a gain of nearly 9 million over the last three months. It was the greatest gain since the COVID-19 outbreak fueled unprecedented growth in early 2020. Netflix shares rose to $396.20, putting them on course for the biggest one-day percentage gain in nearly three years, with the company on track to add more than $22 billion to its market capitalization. «The management deserves an Emmy for managing investor expectations,» Bernstein analysts wrote in a note, adding that paid-sharing has opened up a bigger-than-expected market of potential subscribers for Netflix. Results from media rivals such as Walt Disney, Paramount Global and Warner Bros Discovery will show the impact of the industry's months-long work stoppage, which began in May with strike by Hollywood's writers. Members of the Writers Guild of America settled this month, though actors, who walked off the job in July, remain on strike. U.S.

The suit relates to a failed partnership between Gemini and DCG unit Genesis on the former's Earn interest-bearing product. Last year, customer assets were frozen after Genesis halted withdrawals following the FTX collapse. The suit alleges that Gemini lied to investors about Earn, repeatedly assuring customers that investing with Genesis through the programme was low-risk investment despite the fact that its own internal analyses showed that the company’s financials were risky.

Netflix as the streaming platform has increased its subscription fees from Wednesday. The decision has pushed its share prices up by 13%. According to LSEG, 9 million subscribers joined Netflix around the globe in the third quarter despite the writers' strike in Hollywood. It was more than the Wall Street analysts' forecast of 6 million. It is significant considering the fact that the bulk of Netflix's new sign-ups are shows and movies overseas.

skill development programmes for the youth so that they will help the country become self-reliant. Speaking after inaugurating 511 Pramod Mahajan Gramin Kaushalya Vikas Kendras in Maharashtra through video link, he said the state governments should focus on designing skill development programmes in such a way that they will help the country grow.