International Financial News

Just over a month after Ernst & Young resigned as its public accounting firm, Super Micro Computer says a review committee has found no evidence of fraud or misconduct among the server maker’s leadership

Travelers heading home after the Thanksgiving holiday are setting a record

The federal government is currently looking for ways to tighten its budget and curb the size of the public service. In order to do that, it’s undertakinga multi-billion dollar spending review.

Subscribe to enjoy similar stories. In the race to become a national brand, Puravankara Ltd, a Bengaluru-based real estate company, will set aside up to ₹2,000 crore for acquiring land in the next 12 months. The group plans to triple its land bank to about 45 million square feet from the current 15 msf of net developable area in the next three years.

YES Bank and AU Small Finance Bank have introduced various credit card related changes in December. While AU Small Finance Bank has revised its reward points, Axis Bank has made several changes to the general terms and conditions of most of its credit cards. SBI has revised utility bill payments fees, and YES Bank has revised reward point redemption category. December 2024 money deadlines: Don't miss deadlines for free Aadhaar updates, special FDs, and credit card changes

Warburg Pincus-backed logistics firm Ecom Express is looking to enter the primary market with a Rs 2,600-crore IPO, which will be a mix of fresh equity sale and an offer for sale (OFS).

IIT Kharagpur students received 750 offers, including pre-placement offers, till the end of Day 1 of Phase-I of the 2024-25 placement process, the institute said in a statement on Monday. Most of the companies have extended roles to students in software, analytics, finance, banking, consulting, and core engineering. Nine students have secured international offers and 11 students have received compensation packages exceeding Rs 1 crore in Day 1. The highest package received so far is 2.14 Cr. Apple, Capital One, DE Shaw, Glean, Google, Graviton, Microsoft, Optiver, Quantbox, Databricks, Squarepoint Capital, Ebullient Securities, Samsara and many more companies participated on Day 1. Few companies such as Capital One, Microsoft, Qualcomm, American Express, Flipkart, Meesho, Mastercard have given significantly large number of offers, the institute said.

Future Consumer Ltd.(up 3.71%), Patanjali Foods Ltd.(up 2.92%), Parag Milk Foods Ltd.(up 2.53%), Varun Beverages Ltd.(up 1.78%), Dangee Dums Ltd.(up 1.70%), ADF Foods Ltd.(up 1.66%), Zydus Wellness Ltd.(up 1.57%), JHS Svendgaard Laboratories Ltd.(up 1.42%), Hatsun Agro Products Ltd.(up 1.20%) and LT Foods Ltd.(up 1.19%) stood among the top gainers.

Negotiations on a treaty to end plastic pollution have concluded in Busan, South Korea without reaching an agreement

climate change and help vulnerable nations fight its devastating impact. After years of lobbying by island nations who fear they could simply disappear under rising sea waters, the UN General Assembly asked the International Court of Justice last year for an opinion on «the obligations of States in respect of climate change.» Any decision by the court would be non-binding advice and couldn't directly force wealthy nations into action to help struggling countries. Yet it would be more than just a powerful symbol since it could be the basis for other legal actions, including domestic lawsuits. «We want the court to confirm that the conduct that has wrecked the climate is unlawful,» Margaretha Wewerinke-Singh, who is leading the legal team for the Pacific island nation of Vanuatu, told The Associated Press.

NASA scientists have discovered an exoplanet, Neptune-sized planet, TOI-3261 b, where a year lasts just 21 Earth hours. The ultra-hot planet makes a scorchingly close orbit around its host star, resulting in its extremely short year, NASA said. Only the fourth object of its kind ever found, the planet could reveal clues as to how planets such as these form.

Subscribe to enjoy similar stories. KEC International Ltd appears well-positioned to meet its FY25 order inflow guidance of around ₹25,000 crore. Last week, the company secured three big orders totalling nearly ₹4,000 crore, bringing its FY25 order intake to ₹17,500 crore so far.

For NRIs, international money transfers are more than just financial transactions; they keep people connected to their family back home. According to the Reserve Bank of India, the majority of inward remittances support family needs. Having moved from India to Singapore for education in 2006 and staying on for work, I, too, send money back home on a monthly basis. Through my experiences — particularly after joining a company specializing in cross-border payments — I’ve come to understand that the process for most people is often far more complicated and costly than it has to be.

President Joe Biden will make his long-awaited visit to Africa this week to showcase a U.S.-backed railway project that goes across three countries

trade hub by expanding participation of authorised economic operators (AEOs), integrated free zones, and promoting innovative policies, Revenue Secretary Sanjay Malhotra said on Friday. «We aim to set new benchmarks in trade facilitation and global connectivity,» Malhotra said while delivering the valedictory address at the Global AEO Conference here. He further said technology and trust are two pillars of the revenue department and underscored the importance of expansion of Mutual Recognition Agreement (MRA) programme to include more regional and bilateral partners. India has been adopting technology both in direct and indirect tax administration, he said, adding that most of the services are online including appeals, refunds and payments.

Gaza Strip, a rare critique from a member of the security establishment at a time of war. The comments by Moshe Yaalon — first on Saturday, and then multiple times on Sunday, including in an interview with one of Israel's biggest television channels — came amid mounting criticism of the Israeli military's conduct in Gaza. They were swiftly denied and condemned by allies of Prime Minister Benjamin Netanyahu of Israel, saying that they would hurt the country and help its enemies. Yaalon served as the Israeli military's chief of staff during the second intifada and as Netanyahu's defense minister during the 2014 war in Gaza, the longest conflict between Israel and Hamas before the current war. But he broke with Netanyahu in 2016 and has since become a critic of the Israeli leader.

Subscribe to enjoy similar stories. The Union government plans to set up an agency on the lines of National Agriculture Cooperative Marketing Federation of India (NAFED) to regulate carbon trading, two people said. The new body will also be responsible for green initiatives such as green bonds.

Indian badminton stars PV Sindhu and Lakshya Sen expressed happiness after securing singles titles at the Syed Modi India International badminton tournament in Lucknow on Sunday. Two-time Olympic medalist Sindhu ended her Badminton World Federation (BWF) World Tour drought of over two years by defeating China's Wu Luo Yu in the finals of the women's singles competition. Speaking to after her win, Sindhu said, «Really happy to have won the title».

Narendra Modi on Sunday expressed concern over the potential threats generated on account of digital frauds, cybercrimes and AI technology, particularly the potential of deepfake to disrupt social and familial relations. Addressing the concluding session of the 59th All India Conference of Director Generals/Inspector Generals of Police, the prime minister also called for the use of technology to reduce the workload of the police constabulary and suggested that the police station be made the focal point for resource allocation. Deliberations were held on emerging security concerns along the border with Bangladesh and Myanmar, trends in urban policing and strategies for countering malicious narratives, according to an official statement. In-depth discussions were held on existing and emerging challenges to national security, including counter-terrorism, leftwing extremism, cybercrime, economic security, immigration, coastal security and narco-trafficking.

Gaza Strip because of the threat of armed gangs who have looted recent convoys. It blamed the breakdown of law and order in large part on Israeli policies. The decision could worsen the humanitarian crisis in Gaza as the cold, rainy winter sets in, with hundreds of thousands of Palestinians living in squalid tent camps and reliant on international food aid. Experts were already warning of famine in the territory's north, which Israeli forces have almost completely isolated since early October. Philippe Lazzarini, the head of UNRWA, the main aid provider in Gaza, said the route leading to the Kerem Shalom crossing is too dangerous on the Gaza side. Armed men looted nearly 100 trucks traveling on the route in mid-November, and he said gangs stole a smaller shipment on Saturday.

BRICS countries regarding the latter's de-dollarisation efforts as an economic war on the developing nations. In an X post, Trump threatened BRICS countries that his administration would impose 100 per cent tariffs on all imports from those countries, should they dare to launch their currency. With growing global fragmentation, and geopolitical and geostrategic shifts, de-dollarisation plans are gathering currency. On the other hand, BRICS countries are working on reducing dollar dominance in the global financial system by replacing it with a new global currency.