IANS

Moody’s retains India’s credit rating

The impact of the Russia-Ukraine conflict, higher inflation and tightening global financial conditions on the back of policy tightening, is unlikely to derail India’s ongoing recovery...

Business News2 years ago

K’taka pontiff found dead at his Mutt, suicide note found

Allegedly pained at his name being dragged into an audio linked to sex scandal of Chitradurga Murugha mutt seer, Guru Madivaleshwara Mutt pontiff Basava Siddalinga Swamiji...

Liz Truss has been named as the new Conservative leader on Monday afternoon — and she will become UK PM on Tuesday. Truss takes the helm of a country in the grip of a cost-of-living crisis after seeing off the former chancellor’s challenge with support from 81,326 party members, compared to Rishi Sunak’s 60,399, Daily Mail reported. The 57 per cent to 43 per cent result — closer than some had expected — was announced by 1922 committee chair Sir Graham Brady in a glitzy ceremony at the QE2 Centre in Westminster, the report said. Truss said it is an ‘honour’ to be the leader of ‘greatest political party on Earth’. “I know that our beliefs resonate with the British people, I campaigned as a Conservative and I will govern as a Conservative... I will deliver a bold plan to cut taxes and grow our economy,” she said. She added: “We will deliver a great victory for the Conservative Party in 2024.” PM Modi congratulated Liz Truss on being chosen to be next PM of UK with resounding support. In a tweet, PM Modi expressed confidence that the India-UK Comprehensive Strategic Partnership will be further strengthened. Modi tweeted, Congratulations @trussliz for being chosen to be the next PM of the UK. Confident that under your leadership, the India-UK Comprehensive Strategic Partnership will be further strengthened. Wish you the very best for your new role and responsibilities. Truss also paid tribute to Boris Johnson, who will formally hand over power to her on Tuesday, saying he “got Brexit done, crushed Jeremy Corbyn, rolled out the vaccine, and stood up to Vladimir Putin”. But the new premier faces one of the toughest in-trays in decades, with inflation fears mounting as gas prices soar again and the Pound slides further. Speculation is growing that Truss will opt for a bold furlough-style move to freeze energy bills - possibly by loaning companies money to hold down costs. Wholesale gas prices rocketed by around 30 per cent today, following Russia’s decision to shut down a key gas pipeline, Daily Mail reported. Truss got “frustrated” after she was “compared to Margaret Thatcher”. When asked whether she models herself on the former Tory prime minister, she disagreed with the accusation, saying: “I don’t accept that, I am my own person”. Aged nine, she played Thatcher in a mock election at school, the BBC reported. She apparently got “zero votes — I didn’t even vote for myself”. Truss has worked for three former prime ministers. She was promoted by David Cameron to environment secretary and worked as justice secretary under Theresa May. She was eventually made foreign secretary by Boris Johnson in 2021. Truss will become the third female Prime Minister of UK. All female prime ministers so far have been Conservative. Truss is 47, married and has two daughters. After university she worked as an accountant for Shell, and Cable & Wireless, and married fellow accountant Hugh O’Leary in 2000. The family lives in Thetford, Norfolk, the BBC reported. Before she entered the leadership contest, many knew her from a speech to the Tory Party Conference in 2014 where she enthusiastically promoted British cheese and pork. • During a hustings in Gloucestershire, Truss insisted that she was in Derbyshire. • At a TV debate, Truss first said she would “continue to stand up for Vladimir Putin”, only to quickly correct herself to say, “to Vladimir Putin”. • Truss raised many concerned eyebrows when she said she was “ready” to hit the nuclear button if needed. • In barbs directed at the Scottish First Minister, Nicola Sturgeon, Truss described her as an “attention seeker”. • Sunak’s personal ratings shot up immediately after he resigned, but Conservative members turned against him as the contest progressed – 22% of them viewed him as a backstabber for causing Boris Johnson to resign. • Last month, a video of Sunak admitting to taking money from deprived urban areas dented his reputation.

Business News2 years ago

SUNAK FAILS TO GRAB UK TOP POST

PM-in-waiting Liz Truss garnered 81,326 votes as compared to Sunak’s 60,399 votes

Policy&Politics2 years ago

BENGAL SCAMS, THEIR TIME FRAME & ROWS AROUND THEM

Different Central agencies probing the different financial scams in West Bengal have witnessed a unique timing pattern in such scams since 2011, when the Mamata Banerjee-led...

Business News2 years ago

India provided $4 bn financial assistance to Sri Lanka

India on Sunday highlighted its constructive and significant role in human-centric globalisation at the United Nations General Assembly and said that it had provided nearly USD...

Housing finance firms’ AUM to grow 10-12 pc

Business News2 years ago

Indiabulls to raise Rs 1K cr via public issue of bonds

Indiabulls Housing Finance Ltd plans to raise up to Rs 1,000 crore, which includes Rs 900 crore through issue of public issue bonds. The Tranche II...

Business News2 years ago

Crypto exchanges to report sanction breaches

Crypto exchanges are now required to notify the UK authorities of any suspected sanctions violations under new regulations introduced in response to concerns that bitcoin and...

Business News2 years ago

Turkey sharply raises 2022 inflation forecast to 65%

Turkey sharply raised the country’s inflation forecast for 2022 to 65 per cent, up from 9.8 per cent predicted one year ago, according to a government...

Business News2 years ago

RELIANCE CLASSIFIED AS TOP PICK: MORGAN STANLEY

The company’s 4th investment cycle with over $50-bn capex in next 3 years is expected to double its earnings

Business News2 years ago

NTT DATA Payment gets RBI nod for PA license

Payment service provider NTT DATA Payment Services India (earlier Atom Technologies) on Monday said it has received an in-principle approval from the RBI for the Payment...

Business Guardian

Stories By IANS

Moody’s retains India’s credit rating

K’taka pontiff found dead at his Mutt, suicide note found

SUNAK FAILS TO GRAB UK TOP POST

BENGAL SCAMS, THEIR TIME FRAME & ROWS AROUND THEM

India provided $4 bn financial assistance to Sri Lanka

Indiabulls to raise Rs 1K cr via public issue of bonds

Crypto exchanges to report sanction breaches

Turkey sharply raises 2022 inflation forecast to 65%

RELIANCE CLASSIFIED AS TOP PICK: MORGAN STANLEY

NTT DATA Payment gets RBI nod for PA license

Archives

Categories

India International Brand Summit 2024 Brings Together Leading Brands, Agencies and Marketing Experts

India International Brand Summit 2024: Celebrating Excellence and Innovation in Marketing

Catalysing the Changing Landscape of Entrepreneurship in India

Pakistan-China nexus trying to sow doubts in Indian society about governance systems

The final 6 ‘Game of Thrones’ episodes might feel like a full season

These ’90s fashion trends are making a comeback in 2017

Illinois’ financial crisis could bring the state to a halt

The final 6 ‘Game of Thrones’ episodes might feel like a full season

New Season 8 Walking Dead trailer flashes forward in time