President Financial News

Congress on Thursday said that the Election Commission of India is «super, super cautious» when it comes to complaints against PM Narendra Modi, after the poll watchdog asked the BJP to respond to the complaints filed by opposition parties accusing the PM of delivering a divisive speech in Rajasthan. Congress leader Jairam Ramesh said, «We had complained to the ECI. We brought to their notice that the PM's language is against the Model Code of Conduct, the Representation of the People Act, 1951 and various verdicts of the Supreme Court… There has been a delay, we have also complained about some other candidates misusing religion for votes.

Delhi Municipal Corporation (MCD) remains suspended, and the incumbent mayor, Shelly Oberoi, will continue in office until the next mayoral polls. AAP minister Atishi alleged the election was cancelled at the BJP's behest.

Kenneth Rogoff, former chief economist of the IMF, is Maurits C. Boas Chair of International Economics at Harvard University. Speaking to Srijana Mitra Das, he discusses the record rise in military expenditure worldwide: Q. Recent reports find global defence spending now amounts to $2443 billion — which economic areas does this impact most? A. While military spending does spin off some technology, by and large, it is not good for growth or consumption because it’s destructive. The United States and Europe are facing pressures today because of Ukraine, the Middle East and potentially Taiwan — but the defence budgets of the West are tuned to a different era. We had a peace dividend after the Berlin Wall fell in 1989 — now, things are going into reverse. This raises the pressure on debt and inflation.

French President Emmanuel Macron is warning that Europe could “die” if it fails to build its own robust defense as Russia’s war in Ukraine rages on

As they face a worrying gap in retirement savings, a majority of older US adults are feeling a declining sense of confidence, according to a new survey from AARP.

Finnish investigators say a Chinese container ship remains the prime suspect in causing damage last year to a Baltic Sea gas pipeline between NATO members Finland and Estonia

Environmental Protection Agency Administrator Michael Regan says new rules that would force power plants fueled by coal or natural gas to capture smokestack emissions or shut down are targeting pollution that's “pushing our planet to the brink.”

A new rule in California aims to limit health care price increases to just 3% each year

Phase 2, elections will be held for 89 Lok Sabha seats spread across 13 states and Union Territories (UTs). The Election Commission (EC) said earlier this month that after the scrutiny of 2,633 nominations filed, 1,428 nominations were found to be valid. "In phase 2, Kerala has a maximum of 500 nominations from 20 Parliamentary Constituencies, followed by 491 nominations from 14 PCs in Karnataka.

Mumbai, April 24, 2024 - So many organizations have jumped on the generative AI (GenAI) bandwagon in the last year, but are those efforts delivering results yet? If the organization uses the SAS® Viya® data and AI platform, the answer is a resounding yes. Infused with large language model (LLM) orchestration strength, SAS Viya is already helping customers accelerate efficiency and productivity.

Amazon’s cloud computing unit Amazon Web Services plans to invest $11 billion to build a data center in northern Indiana that will create at least 1,000 new jobs

Airbus is in talks with China over a potentially major aircraft order ahead of a visit to France by Chinese President Xi Jinping in May, two people familiar with the matter said. One of the people said the package could involve hundreds of jets, but the other cautioned talks are at a preliminary stage.

Sweden has officially become a member of NATO, the North Atlantic Treaty Organization, amid rising tensions with Russia. This move comes as part of NATO's efforts to bolster its defences in the wake of Russia's invasion of Ukraine. The addition of Sweden and Finland, which joined earlier, marks the alliance's largest expansion since the 1990s. NATO's Purpose and Membership NATO was established in 1949 to counter Soviet expansion and maintain peace in Europe. It has since grown to include 32 member countries, including the UK, US, Canada, France, Germany, Italy, Spain, and Turkey. Following the Soviet Union's collapse, many Eastern European countries joined, and now, Sweden and Finland have joined the alliance, contributing nearly 300,000 troops.

Rahul Gandhi’s re-election bid in Wayanad to Union Minister Rajeev Chandrasekhar’s challenge to three-term member of parliament Shashi Tharoor in Thiruvananthapuram, the political landscape of Kerala is set to witness some keenly watched contests on Friday. The Congress and the Left-- both partners in opposition’s INDIA bloc-- are the main rivals in Kerala. Until now, the contest in Kerala has been bi-polar, but with the emergence of the Bharatiya Janata Party (BJP) as a force to reckon with, some seats are likely to witness a triangular contest.

₹four crore and ₹40 crore respectively, are eligible for penalty at half the rate applicable for the others, under a concessional provision meant for small businesses. However, not filing annual financial statements would mean the authorities will not be in a position to offer this concession, showed the orders. D Nagendra Rao, former president of The Institute of Company Secretaries of India (ICSI) said that in many cases, companies approach the RoCs on their own for compounding of offences where they see a gap in compliance.

₹218 crore in her nomination papers for the Lok Sabha elections 2024. Hyderabad is all set to vote in the ongoing Lok Sabha elections in the fourth phase on May 13. In her election affidavit, Madhavi Latha declared movable assets worth ₹165.46 crore and immovable assets worth ₹55.92 crore.

TimesNow has reported. Irani defeated former Congress president Rahul Gandhi in Amethi in the 2019 Lok Sabha elections. The Congress has not yet declared its candidate from Amethi.

₹1,451 crore in the quarter. Ebitda margin came in at 3.9%, down more than 100 basis points yoy but up 20 basis points sequentially. However, uncertainty around the path to profitability for its B2B express business has clouded the company’s medium-term outlook and continues to be a drag on overall profitability.

₹500 per cylinder if the INDIA bloc is elected at the Centre in the Lok Sabha elections 2024. The party also favours caste census, a demand long been made by Congress, and separate commission for farmers' welfare in the manifesto. Apart from that, the Sharad Pawar-led party said it supports full statehood for Jammu and Kashmir, scrapping of the Agnipath Scheme and rejects the idea of ‘one nation, one election’ – a policy promoted in the BJP manifesto.

Rahul Gandhi is contesting Lok Sabha Elections against Annie Raja, a leader from the Communist Party of India (CPI), which is a key partner in the opposition INDIA bloc. With Bharatiya Janata Party's (BJP) Kerala state President K Surendran in the fray, the contest in the seat has become triangular. Wayanad will vote, along 19 other seats of Kerala, in the second phase of Lok Sabha Elections 2024 on Friday, April 26.

Rahul Gandhi of "humiliating" Lord Ram. Amit Shah said, “Uddhav Thackeray, who claims to be the president of Shiv Sena, this fake president of Shiv Sena didn't attend the 'Pran Pratishtha' due to fear of Sonia Gandhi even after being invited.