India
By Hera Rizwan According to "Shrinking Democracy, Growing Violence," a report by the internet advocacy watchdog Access Now, India recorded 116 instances of internet shutdowns in 2023, representing 41% of the 283 cases worldwide. Consequently, India has led the world in internet shutdowns for the sixth consecutive year. Overall, the internet was snapped 283 times across 39 countries last year, an increase in 41 percent from 2022. Myanmar had the second highest number of shutdowns, with 37, although the report suggested that this figure is likely only a “fraction of what were likely hundreds.” F...
BOOM Live
Recent proof has come out of Asia’s digital payments domination – in particular India’s – over developed nations traditionally associated with higher financial sophistication. According to Invezz.com, India is the single fastest-growing region for cashless transactions in 2023 and 2024, which cites a raft of recent research on this. Asia the world’s number one On May 10 Statista, citing recent research from the Capgemini Research Institute for Financial Services Analysis, showed how the Asia-Pacific region, led largely by India, will make more digital payments than Europe and North America com...
Invezz
New York cocoa futures on ICE rebounded this week, recovering from a sharp decline. July New York cocoa (CCc2) settled up $156, or 2.2%, to $7,322 per metric ton. This follows a nearly 20% drop on Monday. Dealers highlighted the extreme volatility in cocoa prices as the market attempts to stabilize after a significant fall of about 40%. Prices plummeted from a record high of $11,722 on April 19 to a low of $6,990 on May 3. Fundamentals remain supportive for cocoa, with forecasts predicting a large global deficit in the 2023/24 season due to poor crops in major producers Ivory Coast and Ghana. ...
Invezz
Una gran valla publicitaria se desplomó sobre la gente durante las fuertes lluvias y tormentas eléctricas registradas en la ciudad occidental india de Bombay, matando al menos a 14 personas e hiriendo a otras 74. Este martes se ha llevado a cabo una operación de rescate y sigue sin estar claro cuántas personas podrían estar aún atrapadas. La lluvia, acompañada de fuertes vientos, provocó la caída de la valla publicitaria de 30 metros de altura sobre una gasolinera en el suburbio de Ghatkopar.
Euronews (Spanish)
Shares of Vedanta reached a 14-year peak of Rs 438.30, climbing 6% on the Bombay Stock Exchange during Tuesday’s intra-day trade, buoyed by heavy trading volumes. This significant uptick follows the company’s announcement that its board will convene on Thursday, May 16, to discuss a fundraising plan. Alongside these deliberations, the board is set to review the potential distribution of a first interim dividend on equity shares for the financial year 2024-25. Vedanta is currently trading at its highest level since May 2010, with the stock having appreciated by 75% over the past two months. Ved...
Invezz
Grandes medidas de seguridad en Bharat, la antigua India, para la celebración de la cuarta ronda de las elecciones generales en la India. Unos comicios que se desarrollan en varias fases. Esta es la mayor cita electoral jamás celebrada en la India. Unos 970 millones de ciudadanos indios, más del 10% de los seres humanos que pueblan la Tierra, están llamados a ejercer su derecho al voto para renovar la Cámara Baja del Parlamento. Así, se van a decidir los 543 miembros de la próxima Lok Sabha. Al frente del BJP, partido nacionalista hindú, el primer ministro saliente Narendra Modi se presenta pa...
Euronews (Spanish)
Tata Motors Limited (TATAMOTORS.NS), the multinational car manufacturer based in Mumbai, India, has had a rough weekend and Monday so far. Shares of Tata were down close to 9% today at the time of this article’s writing, and almost 100 Indian rupees (93,80 INR) since Friday morning – losing close to 10% of the total current share price. But why? Tata’s latest earnings announcedOn May 10, Tata Motors released their Q4 financial results for 2024. The earnings were largely within market expectations, and showed resilience during a challenging quarter, with revenue up 13% to ₹120.0K Cr for the ent...
Invezz
Binance is set to resume its cryptocurrency operations in India, according to the latest regulatory news around the world’s largest crypto exchange by trade volume. On Friday, an official of the Financial Intelligence Unit (FIU) said that the anti-money laundering watchdog had approved both Binance and KuCoin to offer services in the country. The two exchanges are the first offshore digital assets platforms to receive a regulatory nod from FIU, CoinDesk reported citing the AML agency’s head Vivek Aggarwal. KuCoin pays $41,000 fine, Binance awaits penalty confirmationAccording to the report, Ku...
Invezz
As India grapples with ongoing food inflation, the government is expected to continue its stringent monitoring and control of wheat and rice inventories, keeping a tight lid on the export of these crucial grains even after the general elections. Continuous monitoring amid rising pricesDespite a temporary dip in food inflation in January, prices surged again in February and March, prompting the government to further tighten supply controls. In March, food inflation rose for the second consecutive month to 190.6 points, marking a 7.68% increase from the previous year, according to government dat...
Invezz
In a significant move for international trade, the Indian Government announced on Friday the removal of tariffs on chickpeas until March 2025, a decision that is poised to greatly benefit Australian growers and the global pulse market. Chickpeas tariff suspension timed with planting seasonThe removal of the tariffs, effective immediately, aligns strategically with the upcoming chickpea planting season in Australia’s southern and Central Queensland and northern New South Wales regions. This policy shift is a relief to Australian farmers and traders who have been contending with challenging mark...
Invezz
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