President Financial News

The Lok Sabha Elections are underway, and with the poll results scheduled for June 4, discussions and speculations have already begun regarding the reforms and major pending works the new government will undertake. One of the major pending tasks in this regard is the implementation of the Direct Tax Code (DTC), which has been overdue for a long time.

Economist Lawrence Wong was sworn in as the fourth prime minister of Singapore on Wednesday. He was administered the oath of office by President Tharman Shanmugaratnam.

Dr. Ravi R Kasliwal, Chairman, Clinical & Preventive Cardiology Heart Institute, Medanta, Gurgaon "Regular exercise, maintaining a healthy weight, managing stress, and a balanced diet rich in fruits, vegetables, and whole grains are all essential for keeping blood pressure in check." Micro Labs is committed to providing evidence-based solutions.

Joe Biden on Tuesday implemented 100% tariffs on various Chinese products, including electric vehicles, advanced batteries, solar cells, steel, aluminum, and medical equipment. Throughout this decision, Biden criticised Donald Trump's previous approaches and argued that Chinese government subsidies give their companies an unfair advantage in global trade by allowing them to operate without the need for profitability. Also Read: China warns new US tariffs to ‘severely’ impact relations: Report However, an old tweet from 2019 by President Joe Biden, criticizing then-President Donald Trump's imposition of tariffs on $300 billion worth of Chinese imports, is resurfacing amid Biden's recent decision to implement significant tariffs on various Chinese products.

₹108 crore. Total income for the quarter stood at ₹397 crore, and net interest income was 11% higher at ₹172 crore. The company's gross non-performing assets ratio fell to 4.1% at the end of the reporting cycle from 5.8% as of March 31, 2023.

India-Maldives Relations: India has dismissed claims made by Maldivian Defence Minister Ghassan Maumoon, who alleged that Indian military helicopter pilots in the Maldives conducted an unauthorised operation in 2019. In a post on the social media site X (formerly known as Twitter), the High Commission of India in the Maldives issued a statement asserting that Indian aviation platforms in the Maldives have always operated according to “agreed procedures and with due authorisation." “Indian aviation platforms in the Maldives have always operated as per agreed procedures and with due authorization from MNDF.

dollar traded near a one-month low versus the euro on Wednesday amid lower Treasury yields as traders braced for a key U.S. inflation report later in the day that could dictate the path of Federal Reserve policy. The yen languished near a two-week low, as a still-gaping yield gap between local bonds and U.S. peers continued to encourage selling of the Japanese currency.

Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed U.S. producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve's near-term policy path. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.38%, scaling a fresh 15-month high earlier in the session. Japan's Nikkei gained 0.58%.

Gold prices inched down on Wednesday ahead of a key U.S. inflation data that could offer insight into the Federal Reserve's interest rate trajectory.

Mint takes a closer look at what it means for India. India and Iran signed a long-term contract for the development of Chabahar Port during shipping minister Sarbananda Sonowal’s visit to Iran. Signed by Indian Ports Global Limited (IPGL) and the Port & Maritime Organisation of Iran, the agreement allows the Shahid Beheshti terminal at Chabahar Port to operate for 10 years.

Soccer superstar Kylian Mbappe is all set to move to Real Madrid from Paris Saint-Germain (PSG). This has been revealed by Javier Tebas who is the President of the La Liga. The president of the top Spanish football championship league said this in an interview to Argentine sports newspaper 'Ole', as per a report on Forbes. Last week, 25-year-old Mbappe had stated that he would be leaving PSG when his contract with the club expires in June. Though, he had not named Real Madrid, it was widely believed that he would be moving to Real Madrid. This has now been confirmed by the President of La Liga.

Car sales in the local market rose 1.3% to 335,629 units last month. Automakers attributed the tepid pace of growth to tapering off of the post-pandemic pent-up demand that sustained for the last two financial years. A high base due to the strong growth in the last two years weighed on the year-on-year comparison, resulting in the tepid pace of growth in April. Though the growth rate moderated in April, it was the fourth consecutive month in CY24 when sales volume in the local market set a new record, as per data from Society of Indian Automobile Manufacturers (SIAM).

Election Commission of India on Tuesday said that “appropriate action on complaints/counter complaints” by the BJP and the Congress on allegedly “divisive statements” by top star campaigners —PM Modi and Rahul Gandhi — is under its “examination/ consideration”. “A few complaints of INC and BJP against each other are pending alleging violation of MCC inter alia broadly in the genre of divisive statements by top star campaigners on communal, caste, regional language divide, or on sanctity of Constitution of India….Notices have been issued to presidents of both the parties in case of these pending complaints. Response from both parties has been received. Appropriate action on complaints/ counter complaints is under examination/consideration of the Commission,” EC said.

President Joe Biden says in defending his new tariffs on Chinese products that China's government subsidies ensure its companies don’t have to turn a profit, giving them an unfair advantage in global trade

Canadian billionaire Arthur L

President Joe Biden on Monday issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, calling its proximity to the base a “national security risk.”

Most countries in the European Union are making efforts to “de-risk” their economies from perceived threats posed by China

Melinda French Gates is already one of the biggest philanthropic supporters of gender equity in the United States

Federal grants can be a huge boost for small businesses

Vladimir Vladimirovich Putin will pay a state visit to China from May 16 to 17," Shina Foreign Ministry Spokesperson Hua Chunying announced on Tuesday. According to reports, Russia also confirmed the trip and said Putin was going on Xi's invitation. The Kremlin was quoted by PTI as saying that this will be Putin's first foreign trip since he was sworn in as president and began his fifth term in office.

Amid world-shaking crises in the Middle East, Europe and the Indo-Pacific, the news from Niger might seem unimportant. Yes, American troops are making an ignominious withdrawal as Russian forces sashay into the same Nigerien air base hosting U.S. personnel.