President Financial News

Republic Day holds a significant place in India's national calendar, observed annually on January 26th. This day marks the adoption of the Constitution in 1950, symbolizing India's transformation into a republic. As we commemorate this historical event, it's crucial to understand its origins and the values it represents. The chief guest for this year's Republic Day is French President Emmanuel Macron.

Indian industry, including exporters on Thursday, asked the government to provide tax incentives for research and more funds for marketing activities in the Budget to boost manufacturing and the country's outbound shipments. They also urged the government to consider developing a global shipping line in partnership with the private sector. India's outward remittance on transport services is increasing with rising exports. «We remitted over USD 80 billion as transport service charge in 2021. As the country moves towards the goal of USD 1 trillion, this will touch USD 200 billion by 2030,» Federation of Indian Export Organisations (FIEO) said, adding that the private sector may be engaged to develop the shipping lines. This will also reduce arm-twisting by foreign shipping lines, particularly of our MSMEs, the organisation said.

President Tayyip Erdogan will give a final sign-off on Sweden's NATO membership within days, triggering rapid steps toward U.S. Congress endorsing a sale of F-16 fighter jets to Ankara. In an interview on Thursday, Ambassador Jeff Flake said that once the formal ratification document is received in Washington, the U.S.

Mohamed Muizzu asking India to withdraw troops from the island nation, India's Navy Chief R Hari Kumar has said that Prime Minister Narendra Modi's government has not told its defence personnel to pull out from Maldives. India and Maldives are reportedly in talks over the removal of troops from Maldives.

French President Emmanuel Macron to arrive in Jaipur today | 10-point Meanwhile, on Thursday, PM Modi addressed young voters virtually and said that their votes will decide India's future direction and approach. In a virtual address to young voters organised by the youth wing of the ruling BJP, Prime Minister Modi said he had the responsibility of making the country develop in the next 25 years in the same way the young generation during the 25 years before Independence had for its freedom.

The small New Brunswick town of Beresford is now home to overnight multi-millionaires, as a couple from the area became the recipients of the largest-known Chase the Ace prize in Canadian history after winning $8.2 million on Tuesday night.

Sri Lanka’s parliament has overwhelmingly approved an internet regulation bill being criticized as a move to stifle speech in an election year

₹19,100 crore during his visit to Uttar Pradesh's Bulandshahr. Besides, PM Modi will also visit Jaipur on 25 January. According to an official release from the Prime Minister's Office (PMO), PM Modi is expected to inaugurate developmental projects at around 1:45 pm in Bulandshahr.

Tesla CEO Elon Musk said on Wednesday Chinese automakers will «demolish» global rivals without trade barriers, underscoring the heat the U.S. electric vehicle market leader faces from the likes of BYD, who are racing to expand worldwide. Musk's comments come after Warren Buffett-backed BYD — with its cheaper models and a more varied lineup -overtook Tesla as the world's top-selling EV company last quarter, despite Tesla's deep price cuts through 2023. Chinese car companies were the «most competitive» and «will have significant success outside of China, depending on what kind of tariffs or trade barriers are established,» Musk said on a post-earnings call with analysts on Wednesday. «If there are no trade barriers established, they will pretty much demolish most other car companies in the world,» he said.

Argentina's President Javier Milei faced a one-day general strike Wednesday protesting his decree targeting unions as well as his proposals for economic and labor law changes

Emmanuel Macron, who is a Chief Guest for the 75th Republic Day celebrations in the national capital, will arrive in Jaipur today. Macron's visit caps the 25th-anniversary celebrations of the India-France Strategic Partnership. Ahead of the French President's visit, the pink city of Jaipur has been decked up with posters of Prime Minister Narendra Modi and French President Macron. Macron will begin his visit by touring the Amber Fort. Later, he will be received by PM Modi, and the two leaders will tour the pink city together. Macron is visiting India as the chief guest at the 75th Republic Day celebrations on the invitation of PM Modi. On this occasion, a French armed forces contingent will participate in the Republic Day parade and flypast alongside India troops and aviators. Macron will «tour Amber Fort and interact with artisans, stakeholders in Indo-French cultural projects, as well as students.

(Reuters) -Autonomous vehicle technology company Aurora Innovation said on Wednesday it had cut 3% of its workforce as part of a reorganization exercise.

New Jersey utility regulators have given preliminary approval to two new wind farms off the state's coast

A judge has refused to toss out Fox News’ claims that voting technology company Smartmatic is suing the network to suppress free speech

The Biden administration has proposed banning another type of bank “junk fee,” targeting fees that are typically charged by banks when a transaction is declined in real time

By Trevor Hunnicutt

(Corrects paragraph 12 to show that the trading activity was disclosed after the fact)

Amit Shah on Wednesday said the Centre's decision to confer Bharat Ratna on former Bihar chief minister Karpoori Thakur was an honour to crores of poor people belonging to the Backward and Dalit communities. Shah said that on January 22, Prime Minister Modi accomplished 'Ramkaaj' in Ayodhya and on January 23, he did 'Garibkaaj', referring to conferring the country's highest honour to the late socialist leader from Bihar. Addressing the birth centenary celebration of Karpoori Thakur, affectionately called as 'Jan Nayak', he said the Modi government has revised the OBC list, given rights to the states to prepare their own OBC list, provided reservation to OBCs in IITs and IIMs, as well as in allotment of petrol pumps. «Prime Minister Narendra Modiji ended the wait of 500 years on January 22 by consecrating Ram temple, and the very next day, on January 23, he accomplished a good deed for the poor by deciding to give Bharat Ratna to Karpoori Thakurji,» Shah said. Thakur worked for the promotion of Hindi in administration and academics, and the Modi government has been promoting local languages under the New Education Policy, the home minister added. BJP president JP Nadda said Karpoori Thakur's journey — from a financially challenged family to his relentless struggle for social justice, culminating in his role as the chief minister of Bihar — deserves greater acknowledgement.

Congress president Mallikarjun Kharge sent a letter to home minister Amit Shah, registering his concerns about the «security issues» Rahul Gandhi faced in Assam during his Bharat Jodo Nyay Yatra and sought security cover for the safety of the former party president during his yatra in the state. Kharge's letter, incidentally, came a day after the Assam Police booked Gandhi and some of his colleagues on the charge of «wanton acts of violence». In his letter to Shah, Kharge said that on many occasions during Gandhi's yatra, Assam Police has been found wanting in providing adequate security to him despite the fact he is entitled to Z+ security.

WASHINGTON (Reuters) -The Biden administration is delaying a decision on a Louisiana liquefied natural gas (LNG) export project that would be the country's largest but which has raised the ire of environmentalists, the New York Times reported on Wednesday.

JERUSALEM (Reuters) -Billionaire hedge fund manager Bill Ackman and his Israeli-born wife, Neri Oxman, spent $25 million for an equity stake of around 4.9% in the Tel Aviv Stock Exchange (TASE), the Israeli bourse said on Wednesday.