President Financial News

Saudi oil giant Aramco has reported half-year profits of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy

The Biden administration has imposed sanctions on a Paraguayan tobacco company for allegedly financing the country’s controversial former president

Opposition Congress party on Wednesday raised in Rajya Sabha the issue of dropping of Preamble to the Constitution from certain NCERT textbooks saying this was an attempt to impose communal ideology on the country — a claim which Union Minister J P Nadda countered saying the government was committed to protecting the constitution. Raising the issue, Leader of the Opposition and Congress president Mallikarjun Kharge said Preamble, which is the soul and foundation of the Indian Constitution, used to be published in NCERT textbooks. The objectives stated by the Preamble are to secure justice, liberty, equality to all citizens and promote fraternity to maintain unity and integrity of the nation, he said and went on to read the debate in Constituent Assembly in November 1948, where it was argued that political democracy in the country should also be made a social democracy. «Political democracy cannot last unless there lies at the base of it social democracy. What does social democracy mean? It means a way of life which recognizes liberty, equality and fraternity as the principles of life,» he quoted from the debate.

Vinesh Phogat was taken to a hospital in Paris on Wednesday, August 7, after being disqualified from the women’s 50kg final at the Paris Olympics. She fainted from dehydration, sources report. Vinesh was disqualified for exceeding the weight limit by 150 grams during the weigh-in on the competition’s second day. Although she was set to compete for the gold medal, she missed the weigh-in. Vinesh is currently stable and resting in the polyclinic at the Olympic Village. The Indian team cannot appeal the decision. Despite the best efforts of Vinesh, her coaches, and support staff, including drastic measures like cutting her hair and attempting to draw blood, they couldn't meet the weight requirement.

United Nations court on Wednesday to join South Africa's genocide lawsuit against Israel, a Turkish official said. The declaration of intervention will be submitted at the International Court of Justice in The Hague, the official said on condition of anonymity in accordance with regulations. Turkiye, one of the fiercest critics of Israel's actions in Gaza, will become the latest nation to seek to participate in the case. Turkish President Recep Tayyip Erdogan has frequently compared Israeli Prime Minister Benjamin Netanyahu to Adolf Hitler, accused his country of genocide, called for it to be punished in international courts and criticised Western nations for backing Israel.

Bangladesh, Assam Chief Minister Himanta Biswa Sarma raised concern on Wednesday over the illegal infiltration from Bangladeshi borders, stating that the situation can force some people to come to India. «On the situation in Bangladesh, Assam CM Himanta Biswa Sarma says, „The incident that happened in Bangladesh is concerning; there are two angles. One is that if such unrest continues in Bangladesh, then some people will be forced to come to India so we have to secure our borders,“ Sharma said. Himanta Biswa Sharma also voiced the possibility of Bangladesh becoming a safe ground for terrorist activities in the future.

Indian High Commission in Bangladesh has said that it continues to remain operational and released helpline numbers for Indian nationals who reside there. According to sources, the diplomats and officials of the Indian High Commission continue to remain in Bangladesh, while non-essential staff and their families returned on Wednesday morning. The sources said, «To reiterate all the helplines of HCI Dhaka are working. The helpline numbers are being shared again below for reference: +8801958383679 +8801958383680 +8801937400591.»

Vinesh Phogat has been hospitalised in Paris due to dehydration, TV reports said. As per a report by India Today, Phogat, who was going to compete for a gold medal in wrestling later today, is being administered with IV fluids. The Indian Olympic Association (IOA) announced that Vinesh Phogat has been disqualified from the Women’s Wrestling 50kg class.

Muhammad Yunus has been appointed as the head of Bangladesh's interim government by President Mohammed Shahabuddin. The decision, made during a meeting on August 6 night between President Shahabuddin and the coordinators of the Anti-Discrimination Student Movement, aims to fill the leadership void created by the ouster of Prime Minister Sheikh Hasina. The heads of Bangladesh's three armed forces were also present at the meeting. Muhammad Yunus, known as the «banker to the poorest of the poor,» is stepping into this role years after a significant fallout with Hasina. Yunus was removed from his position as head of Grameen Bank in 2011 by Hasina's government, which led to widespread public outrage. Thousands of Bangladeshis protested his removal by forming a human chain. Now, the banker who had a tiff with Sheikh Hasina, is the one who will fulfill the duties of the ousted PM of Bangladesh as the head of the interim government.

Sebi is evaluating various accounting standards and also exploring the feasibility of extending its mandatory sustainability reporting norms to more listed companies than the current 1,000 “when the time is right”, people aware of the matter said. Given the growing importance of sustainability worldwide, the regulator wants Indian firms to prepare for such “non-financial accounting” standards that are going to dominate the world of financing and influence the way funds are raised, one of them said.

Bangladesh capital, the said The Indian High Commission remains functional, the sources said. Bangladesh has been witnessing rapid political developments in the last few days. Prime Minister Sheikh Hasina resigned from the post on Monday and landed at the Hindon airbase near Delhi following unprecedented anti-government protests

Democratic presidential nominee Kamala Harris and her newly selected vice presidential running mate, Minnesota Governor Tim Walz, campaigned for the first time together on Tuesday in Philadelphia, kicking off a multi-day tour of battleground states aimed at introducing Walz to the national stage. In his remarks to a raucous crowd of more than 10,000 at Temple University, Walz described his upbringing in a small Nebraska town, his 24 years serving in the Army National Guard and his prior career as a high school social studies teacher and football coach. «It was my students who encouraged me to run for office,» he said. «They saw in me what I was hoping to instill in them: a commitment of common good, a belief that one person can make a difference.»

Bangladesh deteriorates following Sheikh Hasina's resignation, the Supreme Court Bar Association (SCBA) President, AM Mahbub Uddin Khokon, has urged India to arrest the former Prime Minister and her sister, Sheikh Rehana, and return them to Bangladesh, as reported by Dhaka Tribune. At a press conference held at the SCBA auditorium, Khokon stated, «We want to maintain a positive relationship with the people of India. Please arrest Sheikh Hasina and Sheikh Rehana, who fled the country, and send them back to Bangladesh.» He also accused Hasina of causing numerous deaths in Bangladesh, adding, «Sheikh Hasina has killed many people in Bangladesh.»

Check all the Bangladesh news LIVE updates here on LiveMint.As the situation in Bangladesh worsened following Sheikh Hasina's resignation amid heavy protests, several former diplomats and experts have raised concerns about the scenario and asked the Indian government to remain vigilant.Pinak Ranjan Chakravarty, who also served as Indian High Commissioner to Bangladesh, also elaborated on the situation and opined that the possibility of foreign hands behind the unrest can't be ruled out."Bangladesh has seen many such crises in the past... It has happened because of many reasons, basically their internal ones.

Bangladesh President Mohammed Shahabuddin dissolved Parliament on Tuesday to make way for the formation of an interim administration and released former prime minister Khaleda Zia from detention, a day after Sheikh Hasina resigned as PM and fled the country amid escalating protests and civil unrest. Negotiations on composition of the interim administration continued through the day, even as law-and-order situation deteriorated, with attacks on minorities and Indian assets, including the Indira Gandhi Cultural Centre in Dhaka, according to people familiar with the matter. The police, facing wrath of protesters-dozens of whom were reportedly killed in firing in recent weeks-issued an apology and declared an indefinite strike. 'US revokes Hasina visa, UK refuses asylum'

Donald Trump right to say that his political rival Kamala Harris was not a Black woman? This was not the first time that the daughter of a Jamaican father and an Indian mother had faced such a racial question. But a White Republican candidate must raise this question about the presumptive Democrat candidate just before the US Presidential Election 2024. However, the question of Black identity took a new twist when some Black male voters in Pennsylvania said that they didn’t consider the vice president to be Black before Trump's comments.

Kamala Harris picked Minnesota Gov. Tim Walz to be her running mate on Tuesday, according to three people familiar with the decision.In choosing Walz, she is turning to a Midwestern governor, military veteran and union supporter who helped enact an ambitious Democratic agenda for his state, including sweeping protections for abortion rights and generous aid to families.Harris hopes to shore up her campaign’s standing across the upper Midwest, a critical region in presidential politics that often serves as a buffer for Democrats seeking the White House.

Michael Bloomberg’s organization Bloomberg Philanthropies says it will give $600 million to the endowments of four historically Black medical schools

Nepsis is looking forward to its next leg of growth as it appoints a veteran with experience from Ameriprise to a newly created role.

Briefing occurred Tuesday in Renton, Washington, detailing «defect» from supplier.

managed to reduce the gap with Trump. “It is hard to assess Trump as he is disruptive and unpredictable," says Ajay Bisaria, a former diplomat. Unlike in 2016, Trump today has total control over the Republican Party.