President Financial News

Mohamed Muiz won the Maldives presidential runoff on Saturday, securing more than 53 per cent of the vote, local media reported. The election has turned into a virtual referendum on which regional power — India or China — will have the biggest influence in the Indian Ocean archipelago nation. Mihaaru News reported that incumbent President Ibrahim Mohamed Solih had received 46% of the vote and that Muiz had won by more than 18,000 votes.

By Nate Raymond

Abhishek Banerjee on Saturday gave a clarion call to all political parties and people to stand by the «deprived» people of Bengal, who allegedly did not receive their dues in MGNREGA and other schemes, and urged all to participate in the movement in New Delhi on October 2 and 3. He also claimed that the BJP government at the Centre will be ousted in the coming days and asserted that Bengal will give a befitting reply in coming days as it has given reply in 2021. «It is not a political programme but a fight for the deprived job card holders and all should join,» Banerjee said, adding «the autocratic central government will fall from power.» The job card holders and Trinamool supporters were taken by buses to New Delhi after a special train was reportedly cancelled.

September performance in terms of property registrations and stamp duty revenue collections, as robust demand boosted sales momentum despite higher mortgage rates and real estate prices. The country’s largest and most expensive realty market saw registration of over 10,602 properties during the month, up 23% from a year ago, while revenue collection through stamp duty charges rose 53% on-year to contribute over Rs 1,124 crore to the state’s exchequer, showed data from Maharashtra’s inspector general of registration. Real estate developers and industry experts are of the view that the momentum in property sales will continue in the upcoming festive season. «The robust response from homebuyers during the month of Ganesh Utsav indicates the positive sentiments towards home ownership despite higher mortgage rates,” said Sandeep Runwal, president, NAREDCO Maharashtra and MD at Runwal Developers. “Based on the current enquiry levels, we can certainly see a strong sales momentum in the upcoming festive season starting with Navratri.» Of the total properties registered in the month, 82% were residential apartments while commercial and other segments constituted the remaining 18%. «The Mumbai residential market continues to display remarkable resilience, consistently surpassing the 10,000-property mark,” said Shishir Baijal, CMD, Knight Frank India.

House of Representatives will vote on a stopgap funding bill, Republican Speaker Kevin McCarthy said on Saturday, just hours before the federal government is due to begin its fourth partial shutdown in a decade. The move will test McCarthy's narrow 221-212 majority, where multiple hardline conservatives have opposed the idea of a short-term bill known as a continuing resolution or CR, and could lead to a challenge to McCarthy's position as speaker. The maneuver will require Democratic votes, a fact that will anger some party hardliners who had wanted to pass a bill without Democratic support. Even if the House passes the bill, there may not be enough time for the Democratic-majority Senate to vote on the measure and President Joe Biden sign it into law before funding expires at 12:01 a.m. ET (0401 GMT) Sunday. House Republican lawmakers just Friday had blocked their own CR, which included multiple conservative policy additions that Democrats opposed.

German ambassador to India Dr Philipp Ackermann took to microblogging site ‘X’ to flag a false advertising which talks of a "Mega gathering of India's Leading Boarding Schools", but features an image of the Bellevue palace in Germany - the Indian equivalent of the Rashtrapati Bhavan. The image that was posted in a newspaper showed the German President's house and mentioned it was India's national capital Delhi. Ackermann in a rather sarcastic way pointed out the discrepancy and said no child would be admitted to the presidential palace.

sea lion named Sally briefly escaped from her enclosure at the Central Park Zoo during the heavy rains that deluged New York City on Friday. Zoo workers closely monitored the situation as Sally ventured out of her pool due to the flooding of the zoo grounds caused by the relentless rain. Jim Breheny, the director of the Bronx Zoo and executive vice president of the Wildlife Conservation Society's Zoos and Aquarium, reported, «Zoo staff monitored the sea lion as she explored the area before returning to the familiar surroundings of the pool and the company of the other two sea lions.» Fortunately, the sea lion did not breach the zoo's secondary perimeter, and with the receding floodwaters, all the animals were safely back in their exhibits by 3 p.m.

Dmitry Medvedev suggested Saturday that Moscow may annex more regions of Ukraine, as he marked one year since the Kremlin claimed four Ukrainian territories as its own. Moscow held elections in the four regions this month, but does not fully control any of them and is currently battling a Ukrainian counteroffensive to take them back. «The special military operation will continue until the complete destruction of the Nazi regime in Kyiv,» said Medvedev, who now serves as deputy chair of Russia's Security Council. «Victory will be ours.

AK Abdul Momen has said Canada must not be a «hub of all the murderers». «Murderers can go to Canada and take shelter, and they can have a wonderful life while those he killed, their relatives are suffering,» Momen said in a TV interview recently. When asked about Bangladesh's founding father Sheikh Mujibur Rehman's killer who continues to live in Canada, Momen said, «He’s having a good life in Canada.

Akshay Kumar has held a virtual interaction with students and faculty members of IIT-Indian School of Mines in Dhanbad on his upcoming movie 'Mission Raniganj — The Great Bharat Rescue'. The movie is based on the heroic act of mining engineer Jaswant Singh Gill, an alumnus of the institution, who had saved 64 miners trapped in an inundated underground mine in West Bengal's Raniganj under the jurisdiction of Eastern Coalfields Limited in 1989.

Dell is considering a fresh investment in its research and development (R&D) centre in Bengaluru, an official statement said on Saturday. The Dell team comprising Michael Dundas of Global Manufacturing Operations and Technology, Alan Richey, Senior Vice President, Legal, and Tabrez Ahmad, Director, Asia Pacific and Japan, Govt Affairs and Public Policy held meetings with Karnataka Large and Medium Industries and Infrastructure Minister M.B. Patil, in Austin, on Friday, as per the state Large and Medium Industries Ministry.

By Andy Sullivan and David Morgan

Tamil Nadu BJP leader K Annamalai as the chief ministerial candidate in the 2026 assembly elections," news agency ANI quoted AIADMK leader and former minister KC Karuppannan as saying at a party event in Erode. Karuppannan added that Annamalai's “criticism" of late AIADMK matriarch J Jayalalithaa was also the factor that led to the ties with the BJP being severed. “K Annamalai criticised the late former CM Jayalalithaa.

By Andrew Osborn

By Tim Reid and James Oliphant

“We will immediately stop all of the pillaging and theft. Very simply: If you rob a store, you can fully expect to be shot as you are leaving that store," he said, drawing loud applause. “Shot!" he added for emphasis.

Indian Council for Cultural Relations (ICCR) has coordinated over 300 Cultural programs involving 17000+ artists in 60 plus locations across the country during India’s presidency of G-20 to showcase the rich cultural heritage. The Prime Minister, Narendra Modi released a book on Showcasing Indian Culture at G-20 published by Indian Council of Cultural Relations (ICCR) at Bharat Mandapam, New Delhi last week on the occasion of University Connect grand finale event. ICCR team at G-20, led by Joint Secretary MEA and Deputy Director General ICCR Abhay Kumar, under the guidance of Director General of ICCR Kumar Tuhin, coordinated over 300 Cultural programs involving over 17000 artists in over 60 locations across the country during India’s presidency of G-20. The book showcases the range and diversity of Indian culture presented to the G-20 delegates through the length and breadth of the country. India’s presidency of the G20 provided it with a platform to showcase a whole spectrum of Indian culture and India as a premium destination for tourism.

Russian President Vladimir Putin has ordered one of the top commanders of the Wagner military contractor to take charge of “volunteer units” fighting in Ukraine

Vedanta, which faces bond redemptions exceeding $3 billion over the next 18 months at its UK-based holding company, Friday said it would demerge into six listed companies to undergird the valuations of its revenue streams as diverse as mining, energy, and non-ferrous metals. Mumbai-listed Vedanta, which produces copper, aluminium, iron ore and crude oil, and is a subsidiary of the London-based Vedanta Resources (VRL), said the exercise was aimed at building a simplified corporate structure that would appeal to focused investors. Separate listed companies for each vertical should boost the valuations of revenue streams that typically have slightly different business cycles and competitive dynamics despite sharing the broader industry classification of commodities and natural resources. To be sure, the demergers require regulatory and shareholder approvals. Through this move, billionaire Anil Agarwal-led Vedanta will carve out five new listed companies with existing investors getting one share each in the newly listed companies for every share owned in Mumbai-listed Vedanta.

AP reported that Union President Shawn Fain told workers in a video appearance that the strikes were escalated because Ford and GM refused “to make meaningful progress" in contract talks. Jeep maker Stellantis was spared from the third round of strikes. Also Read: United Auto Workers present new counter-proposal to Chrysler parent Stellantis ahead of planned strike Ford and GM responded strongly as tensions in the verbal dispute with the union escalated further.

MUMBAI : Billionaire Anil Agarwal’s Vedanta Group unveiled a complete overhaul of its Indian metals, mining, and energy conglomerate, Vedanta Ltd, involving the demerger of its businesses into six independent companies, with a plan to list five of them by FY25. With the restructuring, Agarwal aims to create independent “pure play" companies to unlock value by drawing substantial investments for the expansion and growth of these businesses.