President Financial News

Article 370) has also come. Still, they (Congress) say that they don't accept this and that Article 370 was abrogated wrongfully. I can't explain to them what is the reality...Article 370 boosted separatism and separatism led to the rise of terrorism.

Sharma Monday said the newly elected MLAs of the Bharatiya Janata Party will meet in Jaipur on Tuesday to formally pick the state's next chief minister. “The meeting of the BJP Legislature Party has been called at 4 pm on Tuesday at the BJP state office. Registration of all newly elected MLAs of the BJP will start at 1.30 pm," the BJP state general secretary said.

Infosys on Monday announced that its Board of Directors has appointed Jayesh Sanghrajka as the Chief Financial Officer (“CFO") and Key Managerial Personnel of the Company with effect from April 1, 2024. Jayesh will be taking over from Nilanjan Roy, who after serving in this role since 2018, has decided to step down to pursue his personal aspirations outside of Infosys. Nilanjan will continue to be with Infosys till March 31, 2024 as CFO.

High-net-worth individuals and families across North America are leaving themselves at risk by not taking some simple steps to protect their possessions, personal information, and reputation, according to a new report from Hub International.

By Kate Abnett, Gloria Dickie and David Stanway

Mohan Yadav as the new Chief Minister of Madhya Pradesh. After the announcement, outgoing CM Shivraj Singh Chouhan blessed the newly designated CM and extended his wishes to him. The party appointed Rajendra Shukla and Jagdish Devda as the deputy CMs of the state.

WASHINGTON—U.S. public opinion remains favorable toward Israel in its war with Hamas, but just over a third of Americans say they are equally sympathetic to both the Israeli and Palestinian people, a new Wall Street Journal poll finds. Fifty-five percent of those polled said they believe Israel is taking the military action needed to defend itself and prevent another attack by Hamas, compared with 25% of respondents who said Israel’s military action is disproportionate and going too far.

(Reuters) -Boeing named 30-year company veteran Stephanie Pope as chief operating officer on Monday, likely making her one of the top contenders to take over from CEO David Calhoun when he decides to step down from the top job.

Bharatiya Janata Party (BJP) on Monday brought an end to the looming suspense by officially designating three-time Ujjain South MLA Mohan Yadav as the new Chief Minister of Madhya Pradesh. Jagdish Devda and Rajendra Shukla are set to be the Deputy CMs. «I am a small worker of the party.

copper demand is likely to grow 11 per cent in the current financial year on the back of the government's thrust on infrastructure development and a gradual transition to green energy, ICRA said on Monday. The rating agency further said it expects a stable outlook for the country's domestic sector.

Cryptocurrency wallet firm Conio, partly owned by Poste Italiane and Banca Generali, has partnered with Coinbase to give Italian banks and financial institutions access to digital assets.

Narendra Modi government's decision to abrogate Article 370, which granted special status to Jammu and Kashmir. The apex court was hearing a batch of petitions challenging the India government's decision. While several political leaders, especially belonging to the Bhartiya Janata Party (BJP) hailed Supreme Court's decision, several political leaders from Kashmir expressed disappointment.

US President Joe Biden calls labor market numbers ‘a sweet spot,’ expects Fed to call off interest rate hikes In its last policy meeting on November 1, Jerome Powell-led Federal Open Market Committee (FOMC) decided to keep the key overnight interest rates unchanged at 5.25-5.50 per cent. The central bank had kept interest rates steady at a 22-year high for the second time in a row, as inflation still remains above the Fed's 2 per cent target level.

INDIA bloc leaders was held at the office of the Leader of opposition in Rajya Sabha, Mallikarjun Kharge on Monday to chalk out the strategy for the winter session of Parliament. In the meeting, Congress leader Jairam Ramesh, TMC leader Derek O'Brien, Farooq Abdullah, JDU leader Harivansh Narayan Singh, AAP leader Raghav Chadha and other leaders were present. Meanwhile, Members of the INDIA block have decided to highlight issues of the people in the remaining part of the winter session of Parliament to make the government accountable. The next meeting of the leaders of the INDIA bloc will be held on December 19 in the national capital. Taking to 'X', Congress leader Jairam Ramesh said, «The 4th meeting of the leaders of INDIA parties will be held on Tuesday, December 19th, 2023, in New Delhi at 3 p.m.» Earlier, Congress president Mallikarjun Kharge called a meeting of the INDIA bloc leaders for December 6. However, the meeting was cancelled as key opposition leaders, including Janata Dal-United (JDU) Supremo and Bihar Chief Minister Nitish Kumar, Trinamool Congress (TMC) Chief and West Bengal Chief Minister Mamata Banerjee, Dravida Munnetra Kazhagam (DMK) Tamil Nadu CM MK Stalin and Samajwadi Party (SP) Chief Akhilesh Yadav did not gave their confirmation of attending the meeting. The first meeting of the joint opposition convened in Patna on June 23 and the second meeting was held in Bengaluru on July 17-18. The third meeting happened in Mumbai on August 31-September 1. INDIA or 'Indian National Developmental Inclusive Alliance' is a group of opposition parties, including the Congress.

Mehbooba Mufti on Monday said the Supreme Court's decision to uphold Article 370 abrogation is «nothing less than a death sentence», adding that it marked the defeat of the idea of India with which the Muslim-majority state had acceded in 1947. «Today an unconstitutional and illegal act that took place in the Parliament was declared legal. It is nothing less than a death sentence not only for Jammu and Kashmir but for the idea of India,» Mufti said in a five-minute video message she posted on X.

BMW on Monday said it will increase the prices of its vehicles by up to 2 per cent across the model range from January 1 to partially offset the adverse impacts of fluctuations in foreign exchange rates and rising input costs. BMW India's decision to implement a price increase across model range is a response to a confluence of factors, BMW Group India President Vikram Pawah said in a statement.

Article 370 Supreme Court verdict: The Supreme Court of India upheld the abrogation of Article 370 in Jammu and Kashmir as constitutionally valid in its judgement on December 11. The top court further asked the Election Commission of India to conduct elections to the Legislative Assembly of Jammu and Kashmir by September 30, 2024. The Supreme Court, while ordering the restoration of statehood in Jammu and Kashmir, upheld the central government's decision regarding the reorganisation of Ladakh as a Union Territory.

Amazon Web Services (AWS) India and South Asia's interim country head for commercial business, Vaishali Kasture, has quit the company, the media report said on Monday. Kasture resigned from her role seven months after taking over from former president of commercial business Puneet Chandok, reports TechCrunch, citing sources.

Keppel Corporation’s infrastructure division and AM Green, which is wholly owned by the founders of Hyderabad-based Greenko, have decided to jointly explore opportunities in producing biogenic carbon-based sustainable fuels in South-east Asia and the Middle East. These sustainable fuels can serve as an environmentally sustainable alternative to fossil fuels to support the decarbonisation of heavy industrial operations and the aviation sector. The companies estimate that these two regions can harness and aggregate at least a million tonnes of biogenic carbon dioxide per year.

Article 370 Supreme Court verdict: PM Modi called the top court's verdict ‘a beacon of hope’ that upheld the abrogation of Article 370 in Jammu and Kashmir as constitutionally valid as per latest judgement given today. The top court further asked the Election Commission of India to conduct elections to the Legislative Assembly of Jammu and Kashmir by 30 September 2024.

Article 370, the Supreme Court said, “There are innumerable decisions taken by the Union government on behalf of the State government for the purpose of day to day administration. Every decision and action taken by the Union executive on behalf of the State is not subject to challenge." The Supreme Court noted that if every decision of the Centre is cannot be open for challenge, else, the court said, it would lead to chaos and uncertainty.