President Financial News

Maruti Suzuki India Ltd on Monday said it will raise prices beginning 1 January, setting the stage for similar hikes by rival automakers. The company attributed the move to higher commodity costs and steep inflation, but did not specify the quantum of price hike for specific models. “Steel prices have firmed up a little over the last 3-4 months, which accounts for around 38% of our commodity buying.

Some 2,100 flight attendants at Air Transat have a strike mandate heading into the busy holiday season, according to the union representing the airline’s workers.

₹7,500, a rate that applies even to guests not staying at the hotel. Since 2018, hoteliers have been voicing their concerns that this tax discrepancy is leading to a loss of restaurant customers, who prefer standalone restaurants for the tax benefits they offer. The industry's stakeholders are pushing for a uniform GST rate of 5% for all dining establishments to level the playing field.

In the wake of high inflation, Canadians find themselves facing a twofold dilemma, one that not only burdens their wallets but also takes a toll on their mental health, according to a recent Ipsos poll.

FRANKFURT (Reuters) -Euro zone inflation pressures are easing as expected but wage growth is still strong and the outlook is especially uncertain, so the European Central Bank's fight to contain price growth is not yet done, ECB President Christine Lagarde said on Monday.

S&P 500 (SPX) recorded the fourth consecutive weekly close last week, ultimately closing at the highest level since July. It also marks the longest weekly run since June.

Gaurav Bhatia accused Delhi Chief Minister Arvind Kejriwal on Monday of being 'crime master Gogo', a fictional character who dupes people and accused the AAP government of discrepancies in the Delhi Jal Board's (DJB) tendering process for upgrading its sewage treatment plants. Questioning the AAP government's silence on the Delhi Jal Board scam, BJP leader Gaurav Bhatia said, «There are many illegalities in the said scam, but the 'crime-master' Gogo (Arvind Kejriwal) will not speak a word on corruption-related matters.» Bhatia said ten sewage treatment plants in the city were divided into two categories and only upgradation was to be done in the first category, while in the second category, the work was related to increasing the capacity. Addressing the media, BJP spokesperson Gaurav Bhatia said, «If there is any politician in India who has mastered the art of corruption, lies, and deceit then it is Arvind Kejriwal...»

Elon Musk, who's been under fire over accusations of antisemitism flourishing on his social media platform X, paid a visit Monday to Israel, where he toured a kibbutz that was attacked last month by Hamas militants and was set to meet with top leaders. The billionaire and Israeli Prime Minister Benjamin Netanyahu toured the Kfar Azza kibbutz, which was stormed by Hamas militants on Oct. 7. Musk, wearing a protective vest and escorted by a phalanx of security personnel, used his phone to take photos or videos of the devastation, according to video released by Netanyahu's office.

By Harry Robertson and Wayne Cole

Investing.com -- Retailers are expected to unveil deep Cyber Monday sales in a bid to persuade inflation-squeezed American consumers to open up their wallets ahead of the holidays. Meanwhile, markets will be monitoring shoppers' behavior as they try to parse out the Federal Reserve's future interest rate path. Elsewhere, Elon Musk is due to meet with Israel's president, while U.S. President Joe Biden will reportedly skip the upcoming COP28 climate conference.

₹2,758 crore. They also get power and yarn subsidies. “I finally repaid last year the ₹5 lakh debt that I had taken nine years ago," says Gajula Mallesham, who operates 10 looms in his house.

In the dynamic world of cryptocurrencies, Bitcoin currently trades at $37,385, marking a slight decline of nearly 1% as of Monday. This movement comes amidst pivotal developments in the crypto industry, highlighted by the former NYSE President’s prediction of a significant influx of capital following the potential introduction of a Spot Bitcoin ETF.

Droupadi Murmu on Monday said there is a need to further strengthen the infrastructure of ports in the country and increase their efficiency. Murmu said this while gracing the 'Boita Bandana' (boat worship) ceremony, organised by the Paradip Port Authority here. Boita Bandana is an annual festival observed in Odisha, remembering the ancient maritime glory of the state, earlier known as 'Kalinga'.

Vinay Kwatra held discussions with Iranian Foreign Minister Hossein Amir-Abdollahian in Tehran on Sunday. The talks focused on enhancing connectivity through the strategic Chabahar port and addressing the current situation in West Asia stemming from the conflict between Hamas and Israel. During his visit to Tehran, the foreign secretary also co-chaired a meeting of India-Iran Foreign Office Consultations (FOC) alongside Iranian Deputy Foreign Minister for Political Affairs Ali Bagheri Kani.

PTI, the victim, Samuel Paty, a history and geography teacher, was killed on October 16, 2020, near his school in a northwest Paris suburb. The assailant, an 18-year-old of Chechen origin who had been radicalized, was subsequently shot dead by the police. This incident prompted French authorities to reaffirm the country's commitment to freedom of expression and secular values.

Elon Musk landed in Tel Aviv on Monday, beginning a visit during which Israeli leaders plan to bring his attention to the plight of hostages held in war-torn Gaza and discuss rising antisemitism online, Reuters reported. Israeli President Isaac Herzog's office on Sunday announced that Musk would be coming to meet the head of state.

Apple CEO commented. The CEO provided further clarification on his concept of 'one plus one equals three': "Experiencing collaboration with individuals who inspire and bring out our best is truly remarkable. Essentially, we share the belief that the combination of your idea and my idea surpasses the merit of each individual idea in isolation." Cook, who assumed the role of Senior Vice President at Apple in March 1998, was later questioned by Lipa about the prerequisites for working at the iPhone maker, such as needing a degree or exceptional coding skills.

PHD Chamber of Commerce and Industry (PHDCCI) is launching its policy forum initiative, led by president Sanjeev Agrawal and Dr. Manoj Pant, Advisor –PHDCCI and former VC, Indian Institute of Foreign Trade (IIFT), along with Dr Ranjeet Mehta, executive director, PHDCCI. The industry body said the move, emphasizing collaboration with the government and top research entities, aims to ‘revolutionize’ India's policy approach. In an interview to ET, PHDCCI president Sanjeev Agrawal discussed the goals of the initiative, potential challenges, and its potential to ‘revolutionize’ policy-making in India and beyond, besides PHDCCI's broader vision. Edited excerpts:

Narendra Modi visited the famous Sri Venkateswara Swamy Temple in Tirupati and offered his prayers on Monday. Taking to 'X', PM Modi said in a post, «At the Sri Venkateswara Swamy Temple in Tirumala, prayed for the good health, well-being and prosperity of 140 crore Indians.» PM Modi arrived in Andhra Pradesh's Tirupati on Sunday. Andhra Pradesh Chief Minister YS Jagan Mohan Reddy and Governor S Abdul Nazeer welcomed the Prime Minister on his arrival at the Renigunta airport.

outgoing Consul General in New York, Randhir Jaiswal, has said he has endeavoured to «tell the world what India means to the world today» as the Indian-American community members lauded his efforts to boost bilateral ties and organised receptions to bid him farewell. Several diaspora organisations have been hosting farewell receptions in and around the city in honour of Jaiswal, who will soon leave for Delhi where he will assume his new role as the Official Spokesperson, Ministry of External Affairs.

One mover was gold, which climbed to $2,009 an ounce and briefly hit a six-month top of $2,017.82. The approach of month end could also cause some caution given the hefty gains investors are sitting on. Japan's Nikkei (.N225) eased 0.3%, but it still up 8.6% so far in November. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) also dipped 0.3%, giving it a monthly gain of 6.4%. Chinese blue chips (.CSI300) lost another 1.1%, and have missed out on all the global cheer with the market down 2% in November so far. China's central banks announced it would encourage financial institutions to support private companies, but was short on detail. EUROSTOXX 50 futures eased 0.2%, while FTSE futures fell 0.1%. S&P 500 futures eased 0.2%, and Nasdaq futures lost 0.4%.