President Financial News
15.12 / 14:25
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More Trouble for Ukraine: Doors closing for Zelenskyy as West battles war fatigue
Russia wants to contain NATO's resurgence which is almost a result of Russia's own aggression," said Dr. Martand Jha, Doctoral Fellow at Russian and Central Asian Studies, School of International Studies, Jawaharlal Nehru University. At the beginning of the Ukraine war, US President Joe Biden didn't face much struggle in helping the country as both Democrats and Republicans were looking united to weaken Russia.
15.12 / 14:25
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Steel ministry begins industry consultations as imports exceed exports
NEW DELHI, MUMBAI : The ministry of steel has begun consultations with domestic producers to explore strategies for reining in imports as these have exceeded exports from India, the world’s second-largest producer of the alloy. India imported 4.3 million tonnes of steel between April and November this year, as against exports of 4 million tonnes, becoming a net importer of the alloy. Experts attribute the shift in the trade balance to low international prices of steel and higher domestic prices, which not only made imports viable but also inhibited exports.
15.12 / 13:25
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Integrated Partners reports milestone year, with $3B in assets added in 2023
National financial planning and RIA firm Integrated Partners says 2023 has been a milestone year in which it added $3 billion in assets to bring its total assets under administration to $15.5 billion.
15.12 / 13:25
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China’s growth outlook is not looking good
China’s economic recovery remained beleaguered by weak demand and a lingering property crisis last month, putting more pressure on Beijing to roll out supportive policies to juice growth.
15.12 / 13:03
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2024
Israel-Hamas, Russia-Ukraine, Myanmar strife: Wars the world is carrying into 2024
Vladimir Putin condemned Israel's incessant bombing of Palestine's Gaza Strip, he also promised to intensify the offensive in Ukraine that started over a year ago. Ukraine's increased commination comes at a time when the United States is struggling to send aid ahead of their Presidential Polls in 2024. Meanwhile, despite the United Nations Security Council's resolution demanding an immediate ceasefire in Gaza, Israel's Prime Minister Benjamin Netanyahu has vowed to continue bombing the densely populated Gaza Strip ‘with or without international support’.
15.12 / 13:03
15.12 / 12:49
President
Diya Kumari takes charge as Rajasthan Deputy CM
Rajasthan Deputy Chief Minister Diya Kumari on Friday assumed her office and greeted Chief Minister Bhajanlal Sharma, Union Minister Gajendra Singh Shekhawat and former CM Vasundhara Raje. Meanwhile, before assuming her office, the Rajasthan Deputy CM held prayers in the office.
15.12 / 11:01
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Digital
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Latin
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LTIMindtree opens Mexico City delivery centre
LTIMindtree has opened a new delivery centre in Mexico City to expand its presence in Latin America, the company said on Friday. The centre will enable workforce transformation and localisation for LTIMindtree in the Americas and was inaugurated on Thursday. It will support the company’s capabilities in the region, bringing LTIMindtree’s services closer to its customers in the SAP and digital engineering service lines. As the LATAM delivery & operations head, Anurag Tripathi, associate vice president of LTIMindtree will lead the Mexico City delivery centre with a focus on future growth and delivering high-quality results for customers.
15.12 / 10:53
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2020
The Conservative Coterie Behind Trump’s Second-Term Agenda
When Donald Trump sat down in the office of his Bedminster, N.J., golf club late this summer to flesh out his trade and border policy, familiar faces were across from him: Robert Lighthizer and Russell Vought, two of the architects of the former president’s populist first-term record. Trump’s former trade representative and White House budget director, respectively, are part of a cadre of allies helping him shape policy proposals across a range of topics, laying the groundwork for what would be an aggressive and controversial second-term agenda.
15.12 / 09:31
15.12 / 08:09
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Mint Explainer: Why’s the Maldives cold shouldering India?
On Thursday, the Maldivian government announced it would terminate a hydrography agreement signed with India in 2019. The decision came shortly after the newly elected administration of Mohamed Muizzu asked India to withdraw its troops from the island country–a day after he took charge. The two countries have mostly had cordial relations, with India providing administrative and infrastructure support.
15.12 / 08:09
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3Why Nifty IT index shot up 2300 points in two days — explained with 4 reasons
Stock market today: Extending its bull trend for yet another session on US Fed rate cut buzz, Nifty IT index touched new life-time high for second day in a row on Friday. On Thursday, Nifty IT index had hit a new high of around 33,260 odd levels while Nifty IT index today climbed to a new peak of 35,655. All IT major like Tata Consultancy Services (TCS), Infosys, HCL Tech Tech Mahindra, Wipro, LTIM, etc.
15.12 / 06:01
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2020
Joe Biden faces impeachment inquiry despite lack of evidence. Will the US President be removed?
Bill Clinton-- were impeached. Fourth Richard Nixon had resigned before his impeachment was put to vote. Now, Joe Biden faces the axe of a probable impeachment right before the Democratic leader would begin his election campaign for the US Presidential Poll 2024.
15.12 / 06:01
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International
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Mint Explainer: Has Israel lost international support for its war in Gaza?
Two months into its military campaign in Gaza, Israel seems to be fighting a losing battle for international support. It has lost key votes at the United Nations and even supportive powers like the United States have voiced their discontent with Israel’s conduct of the war. Mint looks at Israel’s position.
15.12 / 05:49
Citi
Yellow
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reports
Who is Lalit Mohan Jha? The Kolkata connection of the mastermind behind Parliament security breach
Lalit Mohan Jha, the alleged mastermind behind the December 13 Parliament security breach on the anniversary of the 2001 Parliament attack, was arrested on Thursday. According to Delhi Police, Jha, accompanied by an accomplice turned himself in, after a manhunt was launched to nab the alleged mastermind behind the entire conspiracy in the Parliament Security breach case. A Delhi court on Thursday had granted seven days custodial remand of all four accused persons arrested earlier — Manoranjan D, Sagar Sharma, Amol Dhanraj Shinde and Neelam Devi — in connection with the Parliament security breach matter. In the Thursday's security breach in Parliament, Sagar Sharma and Manoranjan D had jumped into the Lok Sabha chamber from the public gallery during Zero Hour, released yellow smoke from canisters and shouted slogans before being overpowered by MPs.
15.12 / 04:39
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How COP's fossil fuel taboo was finally broken by the Emiratis
Dubai, US special envoy John Kerry admitted that he thought it might never happen. The seasoned international negotiator recalled a conversation with one minister who worried about a deal that would signal the end of fossil fuels. «One minister from one of those countries involved said, 'John, you can't ask us to commit economic suicide',» Kerry said. He did not name the country but Saudi Arabia, the world's top oil exporter, led the charge against any strong language against fossil fuels. Kuwait and Iraq were also staunch opponents. In the end, nearly 200 countries adopted on Wednesday a deal stating that the world will be «transitioning away from fossil fuels» in order to achieve net-zero emissions by 2050. It was the first time in the 28-year history of the Conference of the Parties that all fossil fuels were mentioned in an accord. «I never thought we were going to have the kind of breadth that we have today, to be honest with you,» Kerry said on Wednesday.
15.12 / 03:51
Digital
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Explainer: What's next for the EU AI Act?
artificial intelligence rules aimed at establishing guardrails for the rapid development of AI and setting a global standard in technology regulation. The long road to the EU AI Act started in early 2021, with multiple drafts passing between the bloc's three political arms. It will take many more months before it becomes law and two more years before its impact will be felt by industry.
15.12 / 03:27
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Bhajan Lal Sharma to take oath as Rajasthan's Chief Minister today
Bhajan Lal Sharma, the chief minister-designate of India's western state of Rajasthan will take oath in Jaipur on Friday. Diya Kumari and Prem Chand Bairwa, who were chosen named as deputy chief ministers in the recently held BJP legislature party meeting, will also take oath. The chief minister and his deputies will be administered the oath of office by Governor Kalraj Mishra. Prime Minister Narendra Modi, Home Minister Amit Shah, BJP President J P Nadda, several union ministers and chief ministers from different states will be at the ceremony in front of the famous Albert Hall at 12 pm. Massive security measures and seating plans have been organised at the location because a large crowd is expected to come and watch the ceremony. A party spokesperson told PTI invitations have been sent to central leaders and state chief ministers for the ceremony. Posters and banners showcasing a myriad of central government welfare schemes, alongside cutouts of leaders, adorn all major roads directing toward the venue. The BJP, which won 115 seats in the November 25 assembly elections while the Congress got 69 seats, surprised with the CM choice.
15.12 / 03:27
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Trump administration
Janet Yellen says Trump administration's China policies left US more vulnerable
Yellen said former President Donald Trump's policies toward China left America «more vulnerable and more isolated» in the global economy, a rare jab by her at the front-runner for the Republican presidential nomination. Yellen, at a US-China Business Council event Thursday night, said the Trump administration «failed to make investments at home in critical areas like infrastructure and advanced technology, while also neglecting relationships with our partners and allies that had been forged and strengthened over decades.» Her comments come as the US rebuilds its relationship with the Asian superpower, including a November meeting between US President Joe Biden and Chinese President Xi Jinping in San Francisco. The two nations agreed to curb the production of illicit fentanyl, a deadly component of drugs sold in the United States, and agreed to resume military-to-military communications.
15.12 / 03:21
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