Sri Lanka Financial News

Kolkata Knight Riders in an Indian Premier League match on Friday. Incidentally, it was KKR's first win over MI in Mumbai after 12 years. Opting to bowl, Jasprit Bumrah (3/18) was at his best as MI bowled out KKR for a modest 169. Sri Lankan medium pacer Nuwan Thushara (3/42) blew the top-order while Bumrah was menacing at the back end with skipper Hardik Pandya (2/44) also getting a couple of wickets.

For one day, workers ruled the world’s biggest streets.

UPI) transactions fell to ₹19.64 lakh crore in the month of April against ₹19.78 lakh crore in the preceding month. In terms of transaction count, the number fell to 13.30 billion from 13.44 billion in March. When compared with April last year, the number of transactions saw a growth of 50 percent, while the total amount of transactions saw 40 percent growth.

Tata group-backed Indian Hotels Company (IHCL) is aiming for double-digit topline growth this fiscal and plans to open 25-30 hotels. It will also launch hotels overseas but its primary target will remain India's thriving hospitality industry. «Our commitment extends to maintaining zero net debt while accumulating cash reserves, positioning us strategically for future investments in cash deployment, capex, M&A, or strategic reserves,» Puneet Chhatwal, MD, IHCL, told ET in an interview. He said while FY25 will be a 'breakthrough year' for the company's international expansion, the primary focus will remain on the Indian subcontinent. «We're expanding internationally with a target of at least three hotels outside of India, with contracts already signed, including two in Bhutan, and ongoing discussions for locations such as Dubai, London, Frankfurt, and others. We have two hotels under construction in Dhaka and several negotiations underway in the Indian peninsula, Sri Lanka, and nearby regions,» he said.

Tata group-backed Indian Hotels Company (IHCL) has set an ambitious aim of a double digit topline growth this fiscal, besides plans of opening 25-30 hotels. It will also launch hotels overseas, but its primary target will remain India's thriving hospitality industry. “Our commitment extends to maintaining zero net debt while accumulating cash reserves, positioning us strategically for future investments in cash deployment, capex, M&A, or strategic reserves,” Puneet Chhatwal, MD and CEO of IHCL, told ET in an interview. Chhatwal said while FY2025 will be a 'breakthrough year' for international expansion, the primary focus will remain on the Indian subcontinent.

₹5,000 crore may be offered for developing the ecosystem for building inland vessels in the country to support movement of cargo on national waterways. Capital support may also be considered for producers of sea bound vessels at a later stage. At present 14 PLI schemes with an outlay of ₹ 1.97 trillion are under implementation for five years from FY22.

Sri Lanka for the consecration ceremony of Seetha Amma Temple, dedicated to Goddess Sita. The consecration ceremony of Seetha Amma Temple will take place on May 19. The decision came following a letter from Sri Lanka's representatives to the Uttar Pradesh government, requesting Sarayu river water for religious ceremonies and the consecration of Goddess Sita's idol at the temple.

ALSO READ: India approves export of 10,000 tonnes of onion each to Sri Lanka, UAE On December 8, 2023, the Indian government had banned export of onions. The ban on export of onions was imposed to ensure adequate domestic supply against the backdrop of estimated lower Kharif and Rabi crops in 2023-24 compared to the previous year.

Mattala Rajapaksa International Airport for 30 years. The airport is near Hambantota, where China operates a port on lease. The airport, built at a cost of $209 million, was once dubbed the «world's emptiest airport» because of a lack of flights. It is strategically located close to the Hambantota port on the southern coast of Sri Lanka.

ITC plans to open more hotels overseas with neighbouring countries and the Middle East as primary target markets after opening of its first international property here, company Chairman and Managing Director Sanjiv Puri said on Thursday. The company's arm ITC Hotels, which had opened 22 new properties in the last 24 months, plans to add another 70 hotels in the next five years in India as part of expansion plans in the hospitality sector. Besides the hotels business, the company will look for opportunities to expand the presence of FMCG and other verticals in new overseas markets as well. «We are open to exploring opportunities that come about. I think we have strong credentials in hospitality which we can take outside India now. Very clearly at the moment the focus is on proximal markets, be it for hospitality, be it for FMCG...,» Puri said here at a press conference after the opening of the 352-room luxury property, ITC Ratnadipa here.

Iran was now able to share its knowledge with others, currently having projects in 20 countries. The Uma Oya project, in the central Badulla district, was constructed with Iranian technical assistance.

Iranian President Ebrahim Raisi says his country has proven the West doesn’t have a monopoly on technology while inaugurating a hydropower and irrigation project in Sri Lanka

The Port of Baltimore is preparing to open a deeper channel for commercial ships to get in and out for a few days

IPL team to score 34 200+ totals in T20 cricket. With this, they equalled Somerset's world record for most 200+ totals in men's T20 cricket. Chennai’s 34th 200+ total came as captain Ruturaj Gaikwad remained unbeaten at 108 off 60 balls against Lucknow Super Giants (LSG).

collapsed last month. The new channel will be 35 feet (12 meters) deep, which is a substantial increase over the three other temporary channels established in recent weeks. It puts the cleanup effort slightly ahead of schedule, as officials previously said they hoped to open a channel of that depth by the end of April.

police forces met with a Sri Lankan inspector general of police who two weeks earlier had been found by the South Asian country’s highest court to have “participated in the torture” of an arrested man.Photos published by Sri Lankan media, including the Ceylon Today, an English-language daily newspaper, show Peel Regional Police Chief Nishan Duraiappah in uniform posing alongside senior Sri Lankan officers on Dec. 29, 2023 at police headquarters in the capital Colombo – a visit a Peel police spokesperson says Global Affairs Canada and the RCMP had been made aware of ahead of time.One of the law enforcement officials in the photos was the inspector-general of Sri Lankan police, Deshabandu Tennakoon, who earlier that month was ordered to pay compensation for taking part in “mercilessly” beating a man.On Dec.

Full Moon, commonly known as the “Pink Moon”, coincides with the peak of the Lyrid meteor shower this year, potentially overshadowing the annual display of shooting stars. The Moon will appear full for approximately three days, from Monday to Thursday morning. The timing of the Full Moon varies depending on one's time zone. In India, the Moon's brightness will reach its maximum on Wednesday, April 24, at 5.18 am (IST), according to Time and Date. Meanwhile, in the eastern United States, it will occur during the evening hours of April 23, at 7.49 pm (Eastern Daylight Time). The name “Pink Moon” for the Full Moon in April originates from the pink wildflowers that bloom in early spring. This association is mentioned in the Maine Farmers' Almanac, an annual American periodical. Additionally, the April Full Moon is known by various other names, such as the Sprouting Grass Moon, Egg Moon, and Fish Moon among coastal tribes, signifying shad spawning as they swim upstream.

Baltimore's mayor and city council are calling for the owner and manager of the cargo ship that took down the Francis Scott Key Bridge to be held fully liable for the deadly collapse

Kolkata Knight Riders' (KKR) Sunil Narine has made history in the Indian Premier League (IPL), overtaking Sri Lankan legend Lasith Malinga to become the player with the most wickets for a single team in the tournament's history. Narine's Milestone Moment During KKR's recent match against Royal Challengers Bengaluru (RCB) at Eden Gardens, Narine achieved this milestone, showcasing his prowess as a valuable asset to his team.

the Dali, a massive cargo ship that veered off course and caused the deadly catastrophe last month. An estimated 3,000 to 4,000 tons of steel and concrete landed on the ship’s deck after it crashed into one of the bridge’s supporting columns and toppled the span, officials said at a news conference Friday. Crews will have to remove all that before refloating the stationary ship and guiding it back into the Port of Baltimore.