Pakistan needs to launch an aggressive diplomatic effort to secure enough support to come out of the grey list or prevent itself from falling into the black list of the Financial Action Task Force (FATF) next month, a senior government official has said.

The official's remarks came after a 10-member Pakistani delegation attended a two-day meeting of the Asia-Pacific Group (APG) of the Paris-based global watchdog FATF in the southern Chinese city of Guangzhou where it defended Pakistan's efforts against money laundering and terror financing.

Mumbai: Domestic financial markets cheered exit poll results showed that ruling NDA is likely to will the general Lok Sabha elections on Monday, with the benchmark BSE Sensex skyrocketing over 900 points, and the rupee appreciating 79 paise against the US dollar.

After soaring over 962 in early session, the 30-share index pared some gains and was trading 687.63 points, or 1.81 per cent, higher at 38,618.40. In similar movement, the broader NSE Nifty was trading 203.05 points, or 1.78 per cent, up at 11,610.20.

The Indian rupee opened higher by 73 paise at 69.49 per dollar on Monday morning against the previous close 70.22 after the exit polls predicted landslide victory for Modi-led Bharatiya Janata Party (BJP) in Lok Sabha elections 2019. The final results will be announced on May 23. The experts said market gains would be kept in check ahead of the vote counting this week on Thursday. The global tensions and foreign investment flows will also drive the rupee besides major event of elections.

Alphabet Inc.’s Google will cut off the supply of hardware and some software services to Huawei Technologies Co. to comply with a Trump administration crackdown on the Chinese telecoms giant, a person familiar with the matter said.

Huawei will only be able to access the public version of Google’s Android mobile operating system, the world’s most popular smartphone software. It won’t be able to offer proprietary apps and services from Maps and search to Gmail, said the person, who requested anonymity speaking about a private matter.

Rohan Maru is the lead manager of the fund and he started managing it in September 2013. Maru has eight years of experience in the daily cash management and liquidity analysis of fixed income funds.

Rahul Goswami continues as co-manager. His role here involves overseeing the investment process and contributing to a macroeconomic view.

Sri Lanka, still reeling under the scars of the Easter Sunday bomb blasts, Saturday marked 10 years of the end of the nearly brutal civil war between the government and the LTTE even as it came under criticism for failing to ensure justice for the victims.

The Sri Lankan government on May 18, 2009 killed Liberation Tigers of Tamil Eelam ( LTTE) chief Velupillai Prabhakaran in the coastal village of in Mullaittivu,

The United States said Friday it had approved more than USD 600 million in sales of air defense missiles to South Korea and Japan as tensions return with North Korea.

The State Department said it had approved 94 SM-2 missiles used by ships against air threats, along with 12 guidance systems for a total cost of USD 313.9 million.

New Delhi: Saudi Aramco will supply state-run Indian Oil Corporation Ltd (IOC) an extra 2 million barrels of crude a month from July to December, an IOC executive said on Friday, as New Delhi seeks to make up for a loss in supplies from Iran.

New Delhi: Baring Private Equity Asia (BPEA) has acquired 30.50 per cent stake in mid-sized software services firm NIIT Technologies Ltd for about Rs 2,627 crore, a regulatory filing said on Saturday.

Last month, funds affiliated with BPEA had signed definitive agreements to purchase 30.5 per cent stake in NIIT Technologies from NIIT Ltd and other promoter entities at Rs 1,394 per share.

The government has declined to share information on black money cases received from Switzerland, citing confidentiality.

Replying to an RTI query, the Finance Ministry said India and Switzerland share information on black money on a case to case basis as per the investigations being carried out.It is an ongoing process, it added.

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