FIVE Financial News

Reliance Retail Ltd is set to broaden distribution of its sportswear brand, Performax, by reaching out to small retail shops, departmental stores, and stand-alone outlets, and increase its network to 20,000-plus outlets, said a senior company executive. It also seeks to grow its business fivefold within two years, positioning itself as a competitor to Puma and Reebok, said Akhilesh Prasad, the president and chief executive officer of Reliance Retail–Fashion and Lifestyle, in an interview.

NEW DELHI : In order to strengthen the domestic production of Active Pharmaceuticals Ingredients (APIs), the Department of Pharmaceuticals is conducting a first-of-its-kind study on the gaps and challenges in the sector. In this regard, all pharma companies and drug manufacturing associations have been asked to share the import and export data of APIs for analyzing the domestic industry, financial gaps and technological challenges to make India future-ready in the global market.

NEW DELHI : New Zealand firms are interested in exploring limited trade arrangements with India to expand cooperation in agriculture, dairy and horticulture, among others sectors, said representatives of Kiwi trade groups during a recent visit to Delhi. Bilateral talks on a free trade agreement stalled in 2015. “We have come up with a large delegation here (to Delhi) and it’s really around building partnerships," New Zealand trade and agriculture minister Damien O’Connor said during a visit to India in August.

₹436.45 apiece, and have gained 34% so far in 2023, sharply outperforming the nearly 9% rise in the Nifty 50 index. Recall that the stock had already seen a strong rally in 2022. In the June quarter (Q1FY24), IHCL’s occupancy and ARR for its domestic business stood at 67.1% and ₹9,128, respectively.

U.S. News & World Report's annual Best Countries rankings. This marks Switzerland's second consecutive year at the pinnacle and its sixth time overall as the No.

Anil Valluri, managing director of India & SAARC, Palo Alto Networks, India, said the world’s most populous nation saw a 75% increase in cybersecurity budget allocation for 2023 compared with the previous year, marking it one of the highest increases in the APAC region.

BEIJING : Eschewing face-time with foreign leaders at global summits this week, Chinese President Xi Jinping on Thursday visited the homes of villagers in a rural part of northeast China battered by floods. In the village of Longwangmiao in Heilongjiang province, Xi called on local residents to triumph over their difficulties and work towards returning life to a more normal footing, according to state media reports. He also enquired about their losses and supply of daily necessities.

By Marc Jones

AIIMS, Safdarjung, Ram Manohar Lohia and Army Research and Referral Hospital to handle medical emergencies during the G20 Summit. The fully equipped teams are supported by the specialist Corps of Engineers teams to deal with any eventuality and the Army RR Hospital has also been put on standby, the Indian Army added.

Blue Zones released. In the docuseries, Dan Buettner, author and National Geographic fellow, takes a look at five areas in the world – the Blue Zones – where people have the highest life expectancy. He aims to learn the secret to a healthy and long life from the people in these areas. From what he learned from people who have lived a 100 years on this planet, Buettner created the Blue Zones diet.

Himanta Biswa Sarma inaugurated and laid foundations for several projects worth Rs 767 crore in Barak Valley. Sarma who is on a two-day Barak Valley tour, today visited Cachar and Hailakandi districts and inaugurated and laid foundations for a number of projects which would take the development of Barak Valley to a new height. He during his visit also inaugurated 75 schemes encompassing 18,869 beneficiaries from eight Legislative Assembly Constituencies in the region. The Chief Minister inaugurated five schemes involving a financial outlay of Rs 229 and laid the foundations for four projects worth Rs 538 crore. The Chief Minister also laid the foundations for an integrated DC office of Cachar involving an outlay of Rs 48 crore, a convention centre worth Rs 16 crore in Silchar.

President Joe Biden will nominate a former Obama administration official to lead the Federal Aviation Administration, which has been without a permanent leader for a year and a half

Israel has closed the main commercial crossing in the Gaza Strip, effectively banning exports from the coastal territory after saying it uncovered explosives hidden in clothing being shipped to the occupied West Bank

The “four pillars” the Bank of Canada says it will use to measure progress against inflation and guide interest rate decisions have already fallen into line, argues one analyst, blunting the central bank’s hawkish warning that it will hike again if price pressures don’t relent.

A couple of months ago, in this article, I argued that one characteristic of higher-inflation environments is that the volatility of inflation numbers is also high.

Wisconsin-based investment management firm Madison Investments has launched its fourth new actively managed ETF, rounding out its initial suite of funds that debuted last month.

A South Korean maker of automotive seating will build a $35 million factory in eastern Georgia to supply a new Hyundai Motor Group plant outside Savannah

Rescue teams in Turkey, Greece and Bulgaria have recovered the bodies of seven more people following floods after fierce rainstorms

A Greek shipper has pleaded guilty to a charge over it smuggling sanctioned Iranian crude oil and agreed to pay a $2.4 million fine

There’s been no lack of appetite from Telstra for security-flavoured assets. The country’s largest telco was the underbidder in the Azure Capital-run sales process for Tesserent, the ASX-listed cybersecurity company snapped up by French defence giant Thales in June. And it has been sniffing around BGH Capital’s CyberCX, Tesserent’s larger rival.