Netherlands Financial News

Visa application volumes from Mumbai in 2023 registered a 30 per cent year-on-year growth, according to a report by VFS Global, closing in further to the pre-pandemic levels. When compared to the pre-pandemic numbers, visa application volumes from Mumbai reached 90 per cent of the 2019 levels. The demand pattern in Mumbai was in line with the overall growth trend registered in India, which saw a 16 per cent year-on-year in visa applications in 2023. In comparison to the pre-pandemic numbers, visa application volumes from India reached 93 per cent of the 2019 levels.

New Delhi/Mumbai: Europe’s proposed carbon tax has split the Indian steel industry down the middle, with some companies in favour and others against, even as lobbying to waive or delay the levy continues. The tax, under the carbon border adjustment mechanism (CBAM), would increase costs for Indian steelmakers exporting to Europe, a key destination that is critical for their businesses. The tax has been supported by companies with major operations in Europe, such as Tata Steel.

(Reuters) — European shares started the week on a lacklustre note, tracking a sell-off in Asian equities, while cautious traders kept to the sidelines ahead of a key U.S. inflation data due this week.

Leena Nair. Reflecting on her journey, she said, «Over the past decade, residing in London, I've been increasingly exposed to luxury brands. My first exquisite Chanel bag remains one of my most cherished possessions. Now, my life has transformed, attending numerous fashion shows across the world.»

Mobile phone manufacturing in value terms jumped 21-fold to Rs 4.1 lakh crore in India in the last 10 years as government policy measures like PLI played a critical role in attracting global players to boost local production, industry body ICEA said in a statement. India now produces 97 per cent of its total mobile phone demand locally and 30 per cent of the total production in financial year 2024 is meant for export, the India Cellular and Electronics Association said. «Mobile phone production surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4,10,000 crore in FY'24, registering an increase of 2000 per cent. In 2014-15, mobile phone exports from India were a mere Rs 1,556 crore. The industry expects to end FY24 with an estimated export of Rs 1,20,000 crore. This would mean a 7500 per cent increase in exports over a decade,» ICEA said. According to a note on manufacturing, in the field of smartphones, Apple and Samsung, have played a crucial role in boosting mobile phone exports from the country.

skillsets of employees as the nature of work is changing. Companies are taking care to embed a culture of learning so that the process is continuous. According to LinkedIn’s recent Workplace Learning Report, 94% of companies that took part in the survey said it plans to enhance employees’ skills in 2024. The survey was conducted by Censuswide with a sample of about 4,323 hiring managers (middle management) aged 18-77 years in countries such as the UK, Ireland, France, Germany, Italy, Spain, the USA, India, Australia, Singapore, Japan, Indonesia, China, the Netherlands, Sweden, MENA and Brazil. The data was collected between the middle of December and early January 2024.

Old Masters, Roman statues, modern furniture, tribal masks and vintage watches are vying for the attention of well-heeled collectors at the annual TEFAF art fair that opened in the southern Netherlands

FRANKFURT (Reuters) -The credit rating agency Moody's (NYSE:MCO) said on Thursday that it was downgrading its outlook for the banking sector in a number of European countries as weak economies erode profits.

Bitcoin will tumble following the rollout of the digital ruble and other major CBDCs, a Russian economist has claimed.

As AI narrative fuels major pumps, a new coin called AISora, playing on Sam Altman and OpenAI’s new Sora AI video generation, has exploded +71,110%.

According to its full year 2023 results, operating profits for the investment arm dropped to £274m, down from £340m the previous year, while Legal & General Retirement Institutional, focused on defined benefit pensions across the UK, US, Canada and the Netherlands, enjoyed a 10% rise in profits, up to £886m from £807m. LGIM proposes open-ended property fund restructure to hybrid model L&G Retail and L&G Capital, focused on workplace savings and alternative assets, respectively, remained largely flat year-on-year. The group pointed to the «ongoing impact of higher interest rates» to...

By Toby Sterling

Byju's have filed their caveats in the Supreme Court, requesting to be heard before any order is passed on any petition likely to be filed against a National Company Law Tribunal order that allowed edtech firm to go ahead with its $200 million rights issue. Prosus, Sofina SA, Peak XV Partners Investments, and General Atlantic Singapore TL Pte Ltd have filed separate caveats in the SC on Monday.

Earlier, Nepal had set a challenging target of 185 runs for the Netherlands to clinch the T-20I triangular series title. Batting first after winning the toss at the TU International Cricket Ground, Nepal posted a total of 184 runs, losing 8 wickets in 20 overs. Opener Ashif Sheikh scored a brisk 47 runs off 37 balls, Gulshan Jha scored 34 runs off 25 balls, Kushal Malla 26 runs off 11 balls, captain Rohit Paudel 25 runs off 19 balls, and Kushal Bhurtel added 20 runs off 10 balls.

MILAN (Reuters) -Italy's Agnelli family has a 10.1% stake in New York-listed information services provider Clarivate through their investment arm Exor (AS:EXOR), the two companies said on Monday, adding that Exor could increase its stake to up to 17.5%.

By Foo Yun Chee

By John Revill

Byju Raveendran told employees on Saturday that the company is still unable to process salaries, as it is unable to utilise the funds raised as part of the rights issue. In an internal memo, he blamed a select few investors, and added that the amount raised through the rights issue is locked in a separate account.

Gaza, where nearly 2m Palestinians have been forced out of their homes. Even larger numbers have been displaced in Congo, Sudan, Syria and Ukraine. Most people feel compassion when they see fellow humans fleeing from bombs, bullets or machetes.

The US government seems to have transferred close to $1b in Bitcoin late Wednesday from two wallets linked to the 2016 Bitfinex hack, data from Arkham Intelligence showed.

BENGALURU (Reuters) -Japan's SoftBank (TYO:9984) Group has further reduced its stake in beleaguered Indian payments firm Paytm to 2.83% from 5.01%, an exchange filing showed on Thursday.