Economy News ( English version)

Dubai headquartered Emirates declared its best ever half year profit before tax of AED 11.4 billion (US$ 3.1 billion), up 17% compared to the same period last year

Nvidia CEO Jensen Huang claimed that the US stock market did not appreciate the company's third-quarter results amid the AI bubble fears. Here's how the CEO thinks it has become a no-win trap for the AI chipmaker. 

A US court has issued a judgement against Byju Raveendran, holding him liable for over $1 billion due to non-compliance with discovery orders. 

Barrick Mining Corp. is in negotiations with Mali’s government to end a two-year dispute that shuttered the company’s giant gold mine and landed employees in jail, according to people with knowledge of the matter.

Creditors of bankrupt auto-dealership lender PrimaLend Capital Partners won a temporary halt of monthly loan payments to a firm controlled by the company’s Chief Executive Officer Mark Jensen.

India and Israel are boosting trade talks. Technology and innovation are key. Israeli startups like SolCold see India as a big market. India wants to partner with Israel to grow its own startup scene. A startup exchange program is planned. This collaboration offers scale and future opportunity for both nations.

India's new labour codes aim to simplify regulations, reduce compliance burdens, and enhance worker welfare. These reforms are expected to boost competitiveness by offering greater flexibility in hiring and overtime, potentially attracting more domestic and foreign investment into manufacturing and services.

The government plans to introduce a bill in the upcoming Winter session to raise FDI in the insurance sector to 100%, aiming to deepen penetration and boost growth. Amendments to the Insurance Act, 1938, LIC Act 1956, and IRDA Act 1999 are also proposed to strengthen financial security and encourage market entry.

In a pressing appeal, Karnataka's Chief Minister Siddaramaiah has brought to the attention of Prime Minister Narendra Modi the alarming drop in prices for maize and green gram, a situation that has placed immense strain on farmers statewide. He urged central organizations, including NAFED and FCI, to step in swiftly.