Country Financial News

Brussels police arrested a suspected gunman accused of shooting dead two Swedish football fans in what Belgium's prime minister condemned as an act of «terrorist madness». Officials said police opened fire and the suspect was «neutralised» during the arrest, which followed an intensive overnight manhunt in the Belgian capital for an assailant armed with an automatic rifle. There were conflicting accounts of the suspect's condition after his arrest which took place in the Schaerbeek district of central Brussels. Prime Minister Alexander de Croo earlier said the detained man was of Tunisian origin and had been living in the country illegally. He added that someone claiming responsibility for the killings had posted on social media that he was inspired by the Islamic State extremist group. «The terrorist attack that happened yesterday was committed with total cowardice, the attacker chose as a target two Swedish football fans,» de Croo told a news conference, adding that a third person — a taxi driver — was seriously wounded. «Terrorism strikes indiscriminately,» he said.

inaugural rocket launch, Reuters reported. Agnikul, is named after the Hindi and Sanskrit term for fire. CEO Srinath Ravichandran attributed increased credibility brought on by India's successful Chanrayaan-3 mission for positively impacting the start-up's funding outlook, it said.

export-control regime. American sanctions’ global pretensions depend on the co-operation of allies. In principle, democratic governments in Asia and Europe are similarly wary of China, and devising their own export controls.

Allied Blenders and Distillers (ABD) said its recent launch of ICONiQ Whisky crossed the 1 million cases mark, a year after its launch despite being sold so far only in states of North and East India. The country's third largest distiller recently launched the brand in large states for the segment, with significant profit pools like Maharashtra and Telangana The product blend of imported Scotch malts aged in bourbon oak casks, with matured malts and Indian grain spirits has gained strong consumer equity in markets it has been introduced, said the company.

new world order. Inaugurating the three-day Global Maritime India Summit in the national capital on Tuesday, PM Modi said, «In this changing world order, the whole world is looking towards India with new aspirations. The Indian economy is gathering more strength while the world is in the grip of an economic crisis.

Inflows to U.S.-listed emerging market ETFs that invest across developing nations as well as those that target specific countries totaled $228 million in the week ended Oct. 13, compared with losses of $3.1 billion in the previous week, according to data compiled by Bloomberg.

Navratri festival, which commenced on October 15, 2023, is being celebrated with immense enthusiasm across the country. Navaratri, spanning nine days and nights, holds great importance among Hindus as it is dedicated to the worship of Goddess Durga. Occurring in the month of September to October, it is known as Shardiya Navratri. Devotees offer prayers to the nine different forms of Goddess Durga during this period, symbolizing the triumph of good over evil.

India on Tuesday in a 3:2 majority held that the law does not recognise the right to marry or have civil union for same-sex couples while saying that it is up to the Parliament to make law for it. The bench differed on certain aspects, especially on the applicability of adoption rules for queer couples. «It lies within the domain of parliament and state legislatures to determine the law on marriage,» CJI Chandrachud said during his verdict. This decision could've turned India into the most populous country in the world to extend marriage rights to the LGBTQ community. A five-judge bench of the SC headed by Chief Justice DY Chandrachud heard arguments in the case between April and May and reserved its order on May 11. The apex court decriminalised homosexuality in 2018 and scrapped a colonial-era ban on gay sex. It also expanded the legal definition of a family to include same-sex couples last year.

same-sex marriage in India. CJI DY Chandrachud said that a transgender man can marry a woman or vice-versa. However, he said the directions do not result in the creation of an institution.

MakeMyTrip was under fire over its advertisement for trying to encash the excitement of the India-Pakistan World Cup 2023 match on October 14. In the print edition of Ahmedabad Times the front page advertisement stated that MakeMyTripand Homestays & Villas offers ‘An open invitation to Pakistani fans.’ It further mentioned discount coupons to Pakistani nationals if certain conditions were met that involved Pakistan losing the cricket match.

Coal India share price (CIL) has gained more than 36% since end August and has scaled fresh 52-week high on Tuesday. The company remains in the spotlight on rising production and supplies while higher international coal prices also mean that the company’s realisations open market supplies to non-power sector will also improve. High dividend yield remains another key factor for higher investor interest in Coal India.

More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains.

India should bid to host the 2036 Olympic Games. It would boost urban and sports infrastructure and enhance India’s collective interest in athletic excellence, besides giving a boost to economic activity and tourism in particular. The key to making the Olympics a financial and economic success is detailed planning on where to hold the games, how to integrate the residences, offices and sports facilities built for the event into India’s infrastructure, and how to finance the games without adding much to the government’s spending.

Reuters reported. Trump said, “In the wake of the attacks on Israel, Americans have been disgusted to see the open support for terrorists among the legions of foreign nationals on college campuses.

Filipino officials say Canada will help the Philippines detect illegal fishing with its satellite surveillance system under a new agreement

Japan has criticized Russia’s announcement that it’s joining China in banning the imports of Japanese seafood in response to the release of treated radioactive wastewater from the wrecked Fukushima nuclear power plant

China’s Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns

The Supreme Court has rejected North Carolina’s appeal in a dispute with animal rights groups over a law aimed at preventing undercover employees at farms and other workplaces from taking documents or recording video

Donald Trump will be back in court Tuesday for his New York civil fraud trial, but a face-to-face showdown with former lawyer and fixer Michael Cohen will have to wait

Ford Motor Co. Executive Chairman Bill Ford has called on autoworkers to come together and end a monthlong strike that he says could cost the company the ability to invest in the future

Russian President Vladimir Putin has arrived in Beijing on a visit that underscores China’s support for Moscow during its war in Ukraine as well as Russian backing for China’s bid to expand its economic and diplomatic influence abroad through its decad...