Reports Financial News

Jaishankar has criticized the Justin Trudeau-led government in Canada for issuing visas to people with links to organised crimes for “political purposes" despite warnings from the Indian government. The minister said the Trudeau government has given legitimacy to “extremism, separatism and advocates of violence" in the name of free speech, news agency ANI reported on Sunday.

Mount Ruang volcano put on a spectacular show Tuesday, sending hot gas and debris high into the sky as an intense lightning show raged overhead.Like a scene from Lord of the Rings‘ fictional Mordor, footage released by BNPB Indonesia shows a continuous cascade of lightning in a toxic ash cloud over the volcano’s crater, as the sky above glows red and lights up with huge flashes.Thousands of people have been forced to evacuate the island where the volcano is located, Reuters reports, and officials warned residents of nearby Tagulandang island that a tsunami could be triggered by volcanic materials falling into the ocean.This is the second time in two weeks Mount Ruang has erupted, spewing ash almost two kilometres into the sky, closing an airport and showering nearby villages with debris.So far, there have been no reports of injuries or deaths associated with any of the eruptions.

Manipur's Koutruk village. Their objective: Keep residents safe from the warring factions of Meitei and Kuki, two communities that have been in conflict since last year. These youngsters, mostly in their late 20s and early 30s, identify themselves as volunteers and say they have taken up the responsibility to keep their own safe as security forces «could not do enough to protect us». Kotruk in the Imphal Valley is one of the many villages in the state that is «protected» by groups which go by the names «Village Volunteers», «Village Volunteer Force», «Village Defence Force» and «Village Protection Force». These groups, officials say, are not associated with any security agency or the armed forces.

Muthoot Finance's microfinance arm, Belstar Microfinance, has filed preliminary papers with capital markets regulator SEBI to raise Rs 1,300 crore through an initial public offering (IPO). Belstar Microfinance, a Non-Banking Finance Company — Micro Finance Institution (NBFC-MFI), offers a wide range of loan products, such as micro-enterprise, small enterprise, consumer goods, festival, education and emergency loans.

India has extended the timeline for duty-free imports of yellow peas by four more months until October 2024, according to an official notification. In early December, the central government allowed duty-free imports of yellow peas until March 2024, later to be extended till April and then June. It was part of New Delhi's intervention to cool the prices of the overall pulse basket. Reportedly, the duty on yellow peas was first implemented in November 2017 at 50 per cent. India largely imports yellow peas from Canada and Russia.

Indian Embassy here has held its first interactive session with the Indian students who suffered the most during the three-year COVID-19 period following China's visa bans prolonging their academic periods for several years. Around 80 old and new students from more than 13 Chinese universities took part in the «welcome and interaction ceremony» held on May 4. Indian Ambassador to China Pradeep Kumar Rawat, and Counsellor Nitinjeet Singh interacted with the students and heard their grievances and experiences during Saturday's meeting.

Sanjay Raut on Sunday said Prime Minister Narendra Modi will seek votes in the name of Lord Ram but will not speak on development, inflation and jobs. Talking to reporters in Mumbai, Raut claimed that the Bharatiya Janata Party (BJP) was trailing after the first two phases of the Lok Sabha elections. The third phase of polls will take place on May 7. Prime Minister Modi is scheduled to visit the Ram temple in Ayodhya on Sunday and hold a roadshow.

Food Safety and Standards Authority of India (FSSAI) on Sunday clarified on reports which stated that it allows 10 times more pesticide residue level in herbs and spices, calling them false and malicious. The food regulator has said that it has one of the most stringent standards of Maximum Residue Levels (MRL) of pesticides. The MRLs of pesticides are fixed differently for different food commodities based on their risk assessments, it added.

Justin Trudeau at an event hailed Canada as a “rule-of-law country with a strong and independent justice system". He was reacting to the arrest of three Indian nationals linked to the killing of Hardeep Singh Nijjar. “This is important because Canada is a rule-of-law country with a strong and independent justice system, as well as a fundamental commitment to protecting all its citizens," Trudeau said.

foreign exchange reserves declined for the third week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion. As per the latest data released by the Reserve Bank of India (RBI), the country's foreign exchange kitty declined by USD 2.412 billion to USD 637.922 billion in the April 26 week. India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 1.159 billion to USD 559.701 billion, the central bank's weekly statistical data showed.

₹3,706 crores, marking a 21 per cent increase year-over-year (YoY), for the quarter ending March 31, 2024, on May 4. However, the Profit After Tax (PAT) experienced a slight downturn by 10 per cent YoY, settling at ₹619 crores, attributed to a 14% increase in Net Interest Income (NII) which stood at ₹1,971 crores. The Net Interest Margin (NIM) remained fairly stable at 7.1%.

went missing last weekend during a camping and surfing trip, the state prosecutor’s office said Saturday.While there has not yet been confirmation based on forensic examination, physical characteristics — including hair — means there is a high likelihood that the bodies are those of the three tourists, local TV network Milenio reported, citing chief state prosecutor María Elena Andrade Ramírez.“It is presumed that (the bodies) are the ones being investigated,” an employee of the state prosecutors’ office who was not authorized to be quoted by name told The Associated Press.“A fourth body was located. It is not related to the three foreigners.

Berkshire Hathaway Inc.’s cash pile hit yet another record as billionaire investor Warren Buffett confronted a dearth of big-ticket deals. Operating earnings also rose, buoyed by his collection of insurance businesses. The firm’s hoard increased to $189 billion at the end of the first quarter, topping the record it set at year-end. The company also reported first-quarter operating earnings of $11.2 billion, versus $8.07 billion for the same period a year earlier.

Warren Buffett cautioned the tens of thousands of shareholders who packed an arena for his annual meeting that artificial intelligence scams could become «the growth industry of all time.» Doubling down on his cautionary words from last year, Buffett told the throngs he recently came face to face with the downside of AI. And it looked and sounded just like him. Someone made a fake video of Buffett, apparently convincing enough that the so-called Oracle of Omaha himself said he could imagine it tricking him into sending money overseas.

Pakistan shot up to 10 per litre after the city's commissioner approved a hike, acceding to the demands of the Dairy Farmers Association, ARY News reported. As per the commissioner's directives, the price of milk has surged by PKR 10 per litre, with shops in Karachi now selling milk at PKR 210 per litre.

business partner Charlie Munger at Berkshire Hathaway's annual meeting on Saturday, while reassuring shareholders that the executives expected to succeed him were ready for the job. Buffett, legendary for his investing acumen, also praised Apple after unexpectedly revealing that Berkshire had reduced its stake in the iPhone maker. He said the company was «an even better business» than two of Berkshire's oldest investments, American Express and Coca-Cola

Bank is stepping up efforts and investments to resolve technology concerns raised by the banking regulator and regain approval to resume normal operations, said Ashok Vaswani, managing director and chief executive officer, on Saturday. The lender reported an 18% rise in net profit from a year ago at ₹4,133 crore in the three months ended March 31. Profit got a boost from higher interest income due to lending besides lower provisions and income tax refunds. Vaswani said the Reserve Bank of India's curbs could have an impact on the franchise and reputation though the financial impact is expected to be limited.

Meghan Markle for nearly four years, but the possible future king and queen are willing to mend their relationship. Us Weekly cited sources that the brothers have not had a “real conversation in months," adding that Haryy's time in town could serve as an olive branch.

Also Read | Japan’s Kanda Declines to Say If Authorities Intervened on Yen Yellen acknowledged that the yen had experienced significant shifts in a short period, stating, “We would expect these interventions to be rare and consultation to take place." This statement follows reported actions by Japanese authorities who purportedly entered the market to bolster the yen after it fell beyond 160 to the dollar for the first time in 34 years, and again after comments by Federal Reserve Chair Jerome Powell on U.S. interest rates, the report further added.

Uttarakhand Police on Saturday arrested three people from Bihar for allegedly promoting forest fires in the state, officials said. According to the police, a video came to light after it went viral on social media platforms wherein the three youths were promoting forest fires. In the purported video, a youth can be heard saying, «Nobody challenges those who play with fire...and Biharis are never challenged.»

Pakistan People's Party's Faisal Karim Kundi took oath as the governor of Khyber Pakhtunkhwa on Saturday, according to ARY News. Justice Ishtiaq Ibrahim, Chief Justice of the Peshawar High Court (PHC), administered the oath to Faisal Karim Kundi during a ceremony at the Governor House. Faisal Karim Kundi, a PPP stalwart, served as Deputy Speaker of the National Assembly from 2008 to 2013.