President Financial News
26.06 / 11:41
Bill
President
crypto tax
Bitcoin
country
International
US Rep. Matt Gaetz Proposes Bill to Allow Bitcoin Tax Payments
Congressman Matt Gaetz (R-FL) has proposed a legislation to allow Americans pay their federal income tax using Bitcoin. If passed, the US Secretary of the Treasury would implement a program to allow payment of taxes using Bitcoin.
26.06 / 10:45
26.06 / 09:45
Provident
President
country
travelers
Sporting
athletics
'India House in Paris will be home away from home for Indian athletes'
India House at the Paris Olympics will be a «home away from home» for the travelling national contingent and will also provide a glimpse into the country's «rich cultural and sporting heritage», IOA President P T Usha and IOC member Nita Ambani have stated. The India House will commemorate the completion of 100 years of country's Olympic participation. The India House will be located at the Parc de la Villette in Paris, which has been designated as the 'Park of Nations' during the Games and will be surrounded by 14 other hospitality houses including those from Netherlands, Canada, Brazil and France. The India House has been established by the Reliance Foundation in partnership with the IOA (Indian Olympic Association) and will showcase «India's storied past, vibrant present, and exciting future alongside advances in technology and digitalisation», a press release said.
26.06 / 08:43
26.06 / 08:27
markets
FIVE
President
exclusive
Features
International
cricket
Radisson Hotel Group announces signing of 10 new hotels in South Asia
Radisson Hotel Group announced that it has signed 10 new hotels in just four days. These signings, it added, are across brands, including Radisson Blu, Radisson, Radisson Individuals, and its brand extension Radisson Individuals Retreats. The Group also entered five new markets and will be the first to open internationally branded hotels in Jawai (Rajasthan), Sagar (Madhya Pradesh), Yavatmal (Maharashtra), Ooty (Tamil Nadu) and Calicut (Kerala).
26.06 / 08:27
markets
FIVE
President
country
reports
Asbestos-based roofing players’ PBIT margins likely at 8-9% in FY25 and FY26, margins to slide in FY22-24 on Russia-Ukraine conflict, supply chain disruptions
The asbestos-based roofing players are expected to record PBIT margins at around 8- 9 per cent in FY2025 and FY2026, an improvement of 100-200 bps, stated a report by ICRA. This, it added, will be backed by estimated steady growth in volumes and marginal improvement in realisations. The asbestos fibre prices increased at a CAGR of 9.6 per cent during the FY2018- FY2024 period compared to the modest rise in realisations at a CAGR of 3.1 per cent during the same period, thereby impacting the profitability of the companies.
26.06 / 07:45
WhatsApp
President
recommendations
Courts
Videos
Was bound to happen: Delhi BJP after CBI arrests Kejriwal
Delhi BJP on Wednesday said Chief Minister Arvind Kejriwal was bound to be arrested by the CBI in the excise policy case as the agency had presented incriminating documents against him in court. The documents presented before the court in the excise policy «scam» established that Kejriwal was the «mastermind» behind it. The excise policy was formulated under his supervision and a «big scam» was committed, Delhi BJP president Virendra Sachdeva told PTI Videos. There was no immediate reaction from Kejriwal's Aam Aadmi Party (AAP) on his arrest by the CBI or the BJP's claims. Earlier in the day, a Delhi court allowed the CBI to formally arrest Kejriwal in the alleged excise scam.
26.06 / 06:29
MET
Remark
President
country
reports
"Wait to decline comment until publicly confirmed by govts in question": US on reports of PM Modi's visit to Russia
visit Russia in July. However, he refused to comment on the development until the visit was publicly confirmed by the two governments. Asked about the US reaction as PM Modi is expected to visit Russia to meet Russian President Vladimir Putin next month, Miller responded, «So we've seen those reports. I haven't seen a visit publicly confirmed by either of the countries. So, I think I'll wait to decline comment until I see them publicly actually confirmed by the governments in question.» His remarks came after reports claimed that India and Russia are making arrangements for an upcoming visit by PM Modi to Russia. Russian Foreign Policy Adviser Yuri Ushakov confirmed the development, Russia-based RIA Novosti reported.
26.06 / 06:17
26.06 / 05:37
markets
Citi
Target
economy
Trade
President
country
China premier calls to 'oppose decoupling' at economic forum
China's premier called Tuesday for countries to «oppose decoupling», as economic tensions simmer between Beijing and the West, and the European Union prepares to impose new tariffs on Chinese electric vehicles. Friction between the West and the world's second-largest economy has intensified in recent years, particularly as Beijing and Washington compete for supremacy in advanced technology and new «green» industries. «We should broadly open our minds, work closely together, abandon camp formations, (and) oppose decoupling,» said Li Qiang, China's second-ranking leader, who has been tasked by President Xi Jinping with managing economic affairs.
26.06 / 04:13
26.06 / 02:59
COST
UPS
ETF
Strategy
Election
President
Nervous investors tear up ESG playbooks in election supercycle
Investors have pared exposure to sectors including renewable energy and electric cars as candidates in some of the dozens of nations holding polls this year have raised concerns over the costs and speed of efforts to curb emissions.
26.06 / 02:43
Election
President
voice
BJP's Om Birla is likely to be next Lok Sabha Speaker unless...
Lok Sabha Speaker election today LIVE UpdatesOm Birla of the BJP-led NDA coalition will likely become the next Speaker of the Lok Sabha, barring any instances of cross-voting. Government vs Opposition for Lok Sabha Speaker post: Here's a breakdown of the numbers Given the NDA's substantial majority of 297 MPs (including allies and supported parties), Om Birla's election as the Speaker appears highly probable unless there are unexpected defections or instances of cross-voting where members from the NDA coalition vote against their candidate.Cross-voting in elections refers to the practice where a voter casts their ballot in favour of a candidate or party other than the one they officially support or are affiliated with.
26.06 / 02:29
markets
UPS
Target
President
Experts
recommendations
Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 26
Buy or sell stocks today: Following a rally in the banking stocks, the Indian stock market ended higher on Tuesday. Before ending at the 23,721 mark, the Nifty 50 index touched a new lifetime high for the 34th time in 2024.
26.06 / 02:09
Blockchain
Digital
banking
Trade
President
Interviews
Russia’s Sberbank Says Crypto, Blockchain Services ‘Are the Future’
Russia’s Sberbank says that crypto and blockchain-powered services represent the “future” of banking in the country.
26.06 / 01:51
Election
President
Justice
country
voice
Equality
"Rahul Gandhi becoming their voice...": Congress chief Mallikarjun Kharge
Congress chief Mallikarjun Kharge on Tuesday praised the appointment of Congress leader Rahul Gandhi as Leader of the Opposition in Lok Sabha and said that the House of the People shall truly reflect the aspirations of the last person standing, with Rahul Gandhi becoming their voice. Congress on Tuesday declared that Rahul Gandhi, party's MP from Raebareli will be Leader of the Opposition in the 18th Lok Sabha, ending the 10-year spell of no LoP in the Lower House since 2014. «In the 18th Lok Sabha, the House of the People shall truly reflect the aspirations of the last person standing, with Rahul Gandhi becoming their voice,» Kharge posted on X.
26.06 / 01:51
Cooper
security
Remark
Election
President
reports
Features
Lok Sabha Speaker elections to take place today; NDA’s Om Birla and INDIA’s K Suresh in the fray for key Parliament post
Lok Sabha Speaker Elections: For the first time in Lok Sabha history, an election for the Speaker's post will take place on Wednesday. The BJP's ruling NDA government and the Congress-led INDIA opposition could not reach a consensus, leading to this unprecedented scenario.
25.06 / 19:21
Manufacturing
Software
WhatsApp
President
country
blues
International
Budget 2024: 25% share by Indian liners could save $50 billion annually, says FIEO
Exporters sought the creation of an Indian shipping line, duty cuts on import of products like wet blue leather, extension of a key scheme for small exporters to avail pre- and post-shipment rupee export credit, and duty drawback for platinum jewellery at their pre-budget meeting with finance minister Nirmala Sitharaman on Tuesday. Highlighting the need for an Indian shipping line, the Federation of Indian Export Organisations president Ashwani Kumar said that India's outward remittance on transport services is increasing with rising exports. «We remitted over $109 billion as transport service charge in 2022. As the country moves towards the goal of $1 trillion, this will touch $200 billion by 2030. A 25% share by the Indian shipping line can save $50 billion on a year-on-year basis,» he said.
25.06 / 19:21
Election
wellness
President
2020
Courts
Investigations
Former J&K High Court Bar Association Srinagar president Mian Qayoom detained for questioning, elections put on hold
Bar Association Srinagar, president Mian Qayoom on Tuesday in connection with conspiracy pertaining to murder of advocate Babar Qadri in 2020. The officials informed that Qayoom was summoned for questioning by the State Investigation Agency officials and later detained for sustained interrogation in connection with the murder. The officials claim that they have collected «substantial evidence against Qayoom, who has emerged as a primary suspect in the case.» However, the SIA or J&K police are yet to issue a formal statement confirming his detention or arrest. Qadri, who had shot to prominence for his participation in high pitched TV debates on the situation in Kashmir, was shot dead at his residence in Hawal area of downtown Srinagar by unknown gunmen posing as potential clients, on September 24, 2020. The killing took place at a time when he had just launched a party of his own and posted videos on social media criticizing J&KHCBA Srinagar of which he was a member as well. His membership was suspended following the floating of his own party.
25.06 / 18:43
25.06 / 17:39
markets
UPS
CEO
security
President
information
Banking boom sends Sensex soaring past the historic 78,000 mark
Nifty projected to reach 25,200 by December this year: ICICI Securities What drove the upward move of the market on Tuesday was gains in financial services and information technology (IT) stocks. HDFC Bank, ICICI Bank and Axis Bank, Reliance Industries (RIL), Larsen & Toubro (L&T), and Infosys were the biggest contributors to the surge. Nifty Bank index registered a fresh high on Tuesday, closing 1.7% higher.
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