Wall Street sank on Wednesday after notes from the Federal Reserve's latest board meeting showed members expect "ongoing increases" in its key lending rate to slow the economy. The Shanghai Composite Index gained 0.1per cent to 3,294.68 and the Hang Seng in Hong Kong advanced 0.5 per cent to 20,524.60. The Fed's key lending rate stands at 4.50 per cent to 4.75 per cent, up from close to zero a year ago. Trades see a 3-in-4 chance the Fed will raise rates by 0.25 points at its next meeting in March, according to CME Group. A month ago, traders saw a roughly one-in-five chance that the Fed wouldn't raise rates at all in March.
Paris [France], February 27 (ANI): The French defence major company Thales is going to hire more than 12,000 people worldwide in 2023 to support its growth trajectory and over 500 people in India for its engineering centres in Bengaluru & Noida. In 2023, Thales plans to hire more than 12,000 new employees to support its strong growth trajectory in its three core markets: Aerospace, Defence and Security, and Digital Identity and Security. It is recruiting people on permanent or fixed-term contracts as well as providing several internal mobility opportunities in Thales in India and across the globe. In 2022, women accounted for 25% of new hires in India and represented 22% of the Group's India workforce. As we ramp up our recruitment programme for the country, we are excited to welcome new colleagues to Thales in India," said Ashish Saraf, VP and Country Director for India, Thales.23 days ago Latestly
Ahmedabad (Gujarat) [India], February 26 (ANI): The Women's Premier League (WPL) franchise Gujarat Giants unveiled their jersey for the inaugural edition of the tournament on Sunday. Mumbai Indians Women’s Team Jersey for Inaugural Season of WPL Unveiled. The glorious jersey depicts the passion & enthusiasm of our lionesses who are set to give it their all in the first ever season!," tweeted Gujarat Giants. https://twitter.com/GujaratGiants/status/1629790416370540545Gujarat Giants Unveil Jersey for Inaugural Season of WPL🥁 𝐃𝐫𝐮𝐦𝐫𝐨𝐥𝐥𝐬 🥁 Presenting to you, our jersey for the inaugural @wplt20 season. Gujarat Giants Team in IPL 2023: Players Bought by GG at Mini Auction, Check Full Squad.24 days ago Latestly
In its social justice and empowerment resolution passed at its 85th plenary session, the Congress committed to conduct a socio-economic caste census along with the decennial census. "Indian National Congress commits to conduct a socio-economic caste census along with the decennial census. The Congress also committed to implementing special welfare scheme for minority welfare based on the recommendations of the Sachar committee. "Congress party shall commit to secularism in letter and spirit and would be in the forefront to protect the rights of minorities,” the resolution said. The Congress party committed to further strengthening the legal mechanism for ensuring protection of rights of these communities.24 days ago Latestly
Colombo, Feb 23 (PTI) Sri Lanka's Supreme Court on Thursday postponed the hearing of a writ petition seeking an order to halt the March 9 local body elections until May 11, casting uncertainty on the conduct of elections in the island country. The apex court postponed the hearing of the petition filed by a retired Sri Lanka Army Colonel seeking an order to invalidate the preparations being made for the Local Government Election until May 11, two months after the scheduled date. Speaking in parliament on Thursday, President Ranil Wickremesinghe also hinted that the local election may not take place. “There is no election declared by the election commission. The Election Commission informed the Supreme Court that it was difficult to conduct local body polls on March 9 due to various reasons linked to the cash-strapped country's current economic crisis.27 days ago Latestly
Also Read | Meet Paramahamsa Vishwananda, Revolutionary Guru Who Is Travelling All Around World Giving Darshans Since Age of 15 Years. Observing that the G20 is critical to finding climate solutions, Kant said, "It has the majority of the world's GDP, economic output, exports, emissions and historical emissions. The G20 Sherpa pointed out that "new instruments like blended finance and, credit enhancement" are needed to enable a green transition. Unless the financial agencies are structured to finance for both Sustainable Development Goals (SDGs) and climate finance, it will not be possible to get long-term financing, he observed. An innovator and agent of change in the energy, environment, climate change and sustainability space, TERI has pioneered conversations and action in these areas for nearly five decades.28 days ago Latestly
Washington, Feb 23 (PTI) India will host an event on Gandhian thought and philosophy at the UN headquarters in New York to discuss how the fundamental values of pluralism, democracy and rule of law can be strengthened to build peaceful and inclusive societies. Thursday's event comes as the UN Security Council is scheduled to hold a discussion on Ukraine on Friday. Announcing the event in a tweet, India's Permanent Mission to the United Nations said, "Join us tomorrow at UN for a thought-provoking initiative on the centrality of Mission Life & sustainable development to Gandhian thought as part of the India Roundtable series." "The invasion is a violation of the United Nations Charter and international law and is having dramatic humanitarian and human rights consequences," he said. US Ambassador to the UN Linda Thomas-Greenfield said that President Vladimir Putin had chosen war in an assault on the United Nations that struck at the heart of its Charter.28 days ago Latestly
Washington [US], February 23 (ANI): The healthcare and tech sector entrepreneur Vivek Ramaswamy's nomination for the US Presidential election bid is another example of Indian Americans making a mark in the political arena, Sanjeev Joshipura, Indiaspora's Executive Director said. "His jumping into the presidential fray is another example of Indian-Americans making a mark in the political arena. He is the second Indian-American to enter the 2024 Republican presidential primary after Nikki Haley. A second-generation Indian American, Ramaswamy founded Roivant Sciences in 2014 and led the largest biotech IPOs of 2015 and 2016, eventually culminating in successful clinical trials in multiple disease areas that led to FDA-approved products, according to his bio. Before entering the presidential ballot, Ramaswamy and Haley have to win the Republican Party's presidential primary which will start in January next year.28 days ago Latestly