President Financial News

Indian Air Force is working on a project to develop an indigenous jammer pod for the homegrown LCA Mark 1A fighter aircraft, IAF officials said on Saturday. «IAF's Base Repair Depots have been tasked to indigenise many of the equipment required on its fighter and transport aircraft and other weapon systems and cut down imports,» officials added.

Donald Trump, the frontrunner for the Republican presidential nomination, said on Saturday that he would kill off a Pacific trade pact being advanced by U.S. President Joe Biden if he were to win the 2024 election and return to the White House. Speaking to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out U.S.

Israel prepared on Sunday to expand its offensive against Hamas militants to southern Gaza after air strikes killed dozens of Palestinians, including civilians reported to be sheltering at two schools. After earlier in the week dropping leaflets, Israel on Saturday again warned civilians in parts of southern Gaza to relocate as it girds for an onslaught in that part of the small coastal enclave, after subduing the north. Commissioner-General Philippe Lazzarini of UNRWA, the U.N. aid organization for Palestinian refugees, said on social media platform X that Israel bombarded two agency schools in the north.

Russian groups and 108 people including a former prime minister and a former education minister and said he aimed to fight wartime abductions of children from Ukraine and other "Russian terror". "We are increasing the pressure of our state onto them and each of them must be held responsible for what they have done," he said in his nightly video address on Saturday, after his office issued corresponding decrees with his signature.

deal with General Motors will raise pay across the industry, force automakers to absorb higher costs, and help reshape the auto business as it shifts away from gasoline-fueled vehicles. Workers at Stellantis, the maker of Jeep, Dodge, and Ram vehicles, voted 68.8% in favor of the deal. Their approval brought to a close a contentious labor dispute that included name-calling and a series of punishing strikes that imposed high costs on the companies and led to significant gains in pay and benefits for UAW workers.

The Washington Post on Saturday, US President Joe Biden dismissed increasing ceasefire calls for Gaza, asserting that it won't bring about peace. He wrote, "As long as Hamas clings to its ideology of destruction, a cease-fire is not peace.

decision to dismiss Sam Altman as CEO and remove him as a director, sources told Bloomberg. The investors and Altman were both blindsided by the removal, the report added. Some investors, including Thrive Global, are also reportedly engaging in discussions with OpenAI’s largest shareholder Microsoft Corporation, as per sources the report added.

Embattled Rugby Australia chairman Hamish McLennan will go to war against six rebel state unions who are trying to oust him, a move that will exacerbate tensions and draw out a long dispute over the future of the game.

Ahmedabad and airfares to the city have surged manifold ahead of Sunday's World Cup cricket final between India and Australia, forcing many fans to either cough up the staggering rates or alter their travel plans. The chief executive of a Mumbai-based company, for instance, said he has decided to drive more than 500 km to Ahmedabad for the match. «It's crazy out there,» said the CEO, who did not wish to be identified.

India's G20 sherpa, Amitabh Kant, has said the India-Middle East-Europe Economic Corridor (IMEC) will be a resounding success, despite the Israel-Hamas conflict casting a shadow over its viability. «India will continue to play a central role, balancing interests and aligning incentives to ensure IMEC reshapes global trade,» Kant told ET, adding that the project is resilient enough to withstand the current turbulence in the Middle East. Minted in New Delhi on the sidelines of the G20 summit in September, this ambitious geo-economic and geo-strategic project is designed with two components — an eastern corridor connecting India to the Gulf region, and a northern corridor that will link the Gulf to Europe through a ship-rail transit network and road transport routes. «Despite the ongoing geopolitical tensions, on which India's position has been made clear at the United Nations, we should focus on the long-term significance of projects such as IMEC,» said Kant.

Legendary value investor Jeremy Grantham is betting on a special caliber of stocks with his firm's first active ETF: the GMO U.S. Quality ETF.  

OBCs in our country? No one can tell you because there is a reason. There is a conspiracy, they do not want to tell you about your real population," said Rahul Gandhi at a rally on Thursday in Jat-dominated Hanumangarh constituency promising a caste survey if Congress government is voted back to power. About 600 kilometres away in Chittorgarh, ask Rajkumar Khateek about Congress' promise of a caste survey, he looks blankly.

Narendra Modi, while addressing an election rally in Rajasthan's Nagaur on November 18, slammed Chief Minister Ashok Gehlot and his former deputy Sachin Pilot over their strenuous relationship in the past. Modi, in a stinging jibe against the two Congress leaders, said they appear to have buried their differences before the camera, but “bitterness in their hearts" continues to prevail. Modi alleged that Gehlot spent a significant amount of time in trying to save his chair, while the "Delhi durbar" – an apparent reference to the Congress high command – was trying to topple his seat.

Mohamed Muizzu of the Maldives formally requested on Saturday that India withdraw its troops from his strategically located archipelago, fulfilling an election pledge on his first day in office. Speaking with a visiting Indian minister, Muizzu asked New Delhi to recall personnel deployed to operate three gifted aircraft patrolling the maritime territory. «The President formally made the request when he met the Minister of Earth Sciences of India Kiren Rijiju, at the President's Office earlier today,» his office said in a brief statement. It did not set a timeline or specify the number of personnel to be withdrawn, but Muizzu announced at his inauguration the previous day that removing foreign troops was a priority. «The country will not have any foreign military personnel in the Maldives,» Muizzu said shortly after being sworn in at a televised, open-air ceremony. «When it comes to our security, I will draw a red line.

OpenAI cofounder and chief executive Sam Altman being ousted by the company’s board, expressed shock at the development while highlighting the continued challenges that technology firms face in defining a founder’s control over their companies. While the reasons behind the sudden removal of Altman, who has emerged as the most prominent name in the generative artificial intelligence (AGI) space, was still not clear, multiple executives ET spoke to said the development would affect the pace of evolution of AI and puts the lens on the composition of boards at tech startups, globally.

Xi Jinping in his younger days, standing with the Golden Gate Bridge in the background. The image was reportedly captured during Jinping's first visit to the US in 1985.

salary revisions in December, according to an internal memo seen by Reuters. The move comes at a time when India's No.4 software services exporter is dealing with a plethora of problems ranging from weak client spending to tough competition from larger rivals. "We are doing a selective MSI (merit salary increases) rollout based on our business affordability," Nagendra Bandaru, the managing partner and president of the "Enterprise Futuring" business line told employees in an e-mail.

Droupadi Murmu on Saturday said police officers have to always be updated in the field of technology. Addressing a group of Indian Police Service (IPS) probationers of 2022 batch who had called on her at the Rashtrapati Bhavan here, the president said that police forces have many challenges like cyber crime, drug cartels, left-wing extremism and terrorism. «Circumstances change rapidly due to the influence of new technology and social media.

BJP MP Kirodi Lal Meena has claimed that the Gurjar community in Rajasthan has made a “ghar wapsi (homecoming)” to the BJP as its “big leader” Sachin Pilot was betrayed by the Congress and not made the chief minister. Meena, the BJP candidate from Sawai Madhopur taking on sitting Congress MLA Danish Abrar, also claimed that the Gurjar community was feeling “insulted” as Chief Minister Ashok Gehlot had hurled abuses at Pilot. The Rajya Sabha MP, who has been at the forefront of the BJP's campaign alleging graft charges against the Gehlot government over issues such as examination paper leaks, also slammed the Congress for what he claimed was “unprecedented corruption” during its tenure in Rajasthan. “Corruption has increased to such levels that you would not have heard that Rs 2.30 crore in cash is found in a government office and 1 kg gold is being found in almirahs. This is unprecedented and has not happened anywhere in the country.

Hamas in the besieged Gaza Strip, in the wake of the October 7 terror attacks, Congress MP Rajmohan Unnithan came up with a shocker on Saturday, saying that Israel Prime Minister Benjamin Netanyahu «should be shot and killed without a trial». Speaking at a rally to demonstrate solidarity with Palestine in Kasargod, Kerala, amid the ongoing conflict in West Asia, the Congress leader openly advocated the "Nuremberg model" (invoking the trial of Nazis in Nuremberg for the holocaust) against the Israeli PM. «You can ask what should be done to those who break all agreements under the Geneva Convention. After the Second World War, there was something called the Nuremberg trials for bringing those (Nazis) guilty of war crimes to justice.

Sergei Aleksashenko, formerly a deputy governor of the Bank of Russia and a deputy finance minister, on its wanted list, Russian state news agencies TASS and RIA reported on Saturday. Aleksashenko, who has criticised Russia's war in Ukraine, has been living in exile in the United States after falling out with President Vladimir Putin's government and had already been designated a «foreign agent». TASS reported that Aleksashenko had been added to the interior ministry's wanted list on an unspecified criminal charge. Reuters could not immediately access the ministry's overall database and Aleksashenko could not immediately be reached for comment.