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03.10 / 15:43
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India tells OPEC it must be sensitive to needs of oil consuming nations
New Delhi: With oil prices on the boil, union petroleum and natural gas minister Hardeep Singh Puri has asked the Organisation of the Petroleum Exporting Countries (OPEC) to be sensitive to the needs of oil-consuming nations and curb output cuts. Taking to X, formerly Twitter, Puri said he discussed the global energy scenario during his meeting with OPEC secretary general Haitham Al Ghais on Tuesday. "Discussed the global energy scenario in my meeting with OPEC SG, HE #HaithamAlGhais.
03.10 / 15:23
Hollywood
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Returns
Jimmy Kimmel returns to 'Jimmy Kimmel Live!' post writers' strike
In a triumphant return, Jimmy Kimmel graced the "Jimmy Kimmel Live!" stage on Monday night, expressing his gratitude for being back after the conclusion of the Writers Guild of America strike. The evening began with an entertaining skit featuring guest Arnold Schwarzenegger, complete with a witty «Terminator»-inspired «you'll be back» joke. Kimmel's comeback came five months after his last show. During his monologue, Kimmel humorously shared how his Hollywood studio had temporarily transformed into a pickleball court during the labor dispute that had brought Hollywood to a halt.
03.10 / 15:03
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There could be another rate hike coming, says Cleveland Fed
Federal Reserve Bank of Cleveland President Loretta Mester said the central bank will likely need to raise rates once more this year and then hold them at higher levels for some time to get inflation back to its 2% target.
03.10 / 14:53
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India asks producers for 'sensitivity' as oil price hovers near $90
ABU DHABI : India, the world's third-biggest oil importer, on Tuesday urged producers to show "sensitivity" towards consuming countries, hit by prices largely trading above $90 a barrel since Saudi Arabia and Russia decided to extend voluntary cuts to year-end. "During pandemic, when crude oil prices crashed, the world came together to stabilize the prices to make it sustainable for the producers," Indian oil minister Hardeep Singh Puri, in Abu Dhabi to attend an industry conference, said after a meeting with OPEC Secretary General Haitham Al Ghais.
03.10 / 14:53
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India’s inclusion in JPMorgan’s bond index needs sober analysis
₹26.4 trillion or around 9.7% of gross domestic product. A Bloomberg report suggests this is the highest among the 20 countries in JPMorgan’s bond index. Over the years, governments in India have funded themselves through financial repression, with a significant portion of every new deposit coming into the banking system being funnelled into buying government bonds.
03.10 / 14:53
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Bajaj Allianz faces ₹1,010 crore GST demand notice. Know details
₹1,010 crore on Tuesday. It received the show cause cum demand notice from the Directorate of GST Intelligence for the non-payment of GST on co-insurance and re-insurance premiums, said Bajaj Finserv in its stock exchange filing on Tuesday.
03.10 / 14:03
Manufacturing
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Department
Maruti Suzuki hit with Rs 2,159 crore Income Tax Draft Assessment Order
India automobile major Maruti Suzuki on Tuesday received a draft assessment order from the Income Tax department for FY 2019-20 amounting to Rs 2,159 crore. In an exchange filing, the manufacturer said that «certain additions/disallowances amounting to Rs 21,597 million with respect to returned income (the income disclosed by the Company in its Income Tax return) have been proposed.» Maruti Suzuki said that it planned to challenge the October 3 order and that business would not be affected by it.
03.10 / 13:59
03.10 / 13:45
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Bajaj Finserv's insurance arm receives GST's knock; authority sends demand notice of Rs 1010 cr
Bajaj Finserv's insurance arm, Bajaj Allianz General Insurance Company Limited (BAGIC) on September 29 received a show cause cum demand notice from the Directorate General of Goods and Services Tax (GST) Intelligence alleging a tax demand of Rs 1010.05 crore, the financial services company informed the exchanges on Tuesday. The notice was sent by the authority's Pune office referring to the failure to pay GST between July 2017 and March 2022 notably in two areas.
03.10 / 13:37
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Brazil's industrial output rises less than expected in August
SAO PAULO (Reuters) — Industrial production in Brazil rose slightly less than expected in August, data from government statistics agency IBGE showed on Tuesday, as the sector struggles to gather speed amid high interest rates.
03.10 / 13:37
03.10 / 13:37
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Gold: Dollar Looks Fearsome, But Yellow Metal May Have Drawn Its Own Red Line
The world’s supposedly preferred “safe-haven” is not being treated as such as the global economy shudders from the possibility of more inflationary and rate hike pain. Its nemesis instead wears the crown, sitting atop the current market upheaval.
03.10 / 13:33
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PM Modi lays foundation stone of projects worth around ₹8,000 crores in poll-bound Telangana
₹8,000 crores in Telangana on Tuesday. Modi inaugurated the first 800 MW unit of phase 1 of the Telangana Super Thermal Power Project of the NTPC. The Indian Railways is moving forward with the aim of 100 per cent electrification of all rail lines in the next few months, Prime Minister Narendra Modi said in Telangana on Tuesday.
03.10 / 13:33
CBS
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Bangkok: Three killed, four injured after teenager opens fire inside Siam Paragon shopping mall
Click here! "The attacker was arrested. In fact, he surrendered," Thailand Prime Minister Srettha Thavisin said, adding that “the situation had been brought under control and police were clearing the scene".
03.10 / 13:33
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Provident
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reports
Los Angeles Attacks Charter Schools
Enrollment is declining in union-run public schools across the country, and Los Angeles lost about 7.6% of its K-12 students from 2020-21 to 2022-23. Yet the teachers union and its allies in the city are mounting an effort to restrict charter schools from using empty space in district schools. California law requires school districts to make space available to charter students through “co-location." This lets charters reach agreements to use classrooms and other space in district school buildings.
03.10 / 13:33
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Should Biden Stop Trying to Present Himself as Successful?
On Friday this column noted concern among Democrats that Joe Biden insists on talking about “Bidenomics" even as Americans remain upset about his degradation of our money. Now one of the president’s allies has expanded his friendly critique into a full-blown 2024 Democratic campaign strategy: Instead of talking about the president, attack people who aren’t the president. “Biden should stop focusing on the economy" reads an MSNBC headline over a story from former Jill Biden press secretary Michael LaRosa.
03.10 / 12:39
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concert
How Taylor Swift's new film is getting unexpected publicity boost from her NFL appearances
Taylor Swift's «Eras Tour» film, which is set to premiere on October 13, is already positioned to break records as the highest-grossing concert documentary in history. While it requires no additional promotion due to its immense anticipation, Taylor Swift's world naturally thrives on publicity, and that's precisely what «Taylor Swift: The Eras Tour» film is receiving. During Sunday night's Kansas City Chiefs vs.
03.10 / 12:13
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Banks behind 70% jump in greenwashing incidents in 2023 -report
LONDON (Reuters) -The number of instances of greenwashing by banks and financial services companies around the world rose 70% in the past 12 months from the previous 12 months, a report on Tuesday showed.
03.10 / 11:23
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U.S. stock futures trade steady, job openings data in focus
Investing.com — U.S. stock futures widely held around the flatline on Tuesday following a mixed session for the major benchmark averages, as investors braced for key employment data set for release throughout the week.
03.10 / 11:23
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