International Financial News

In a bid to create more awareness around single malts, Piccadily Agro, the maker of Indri single malt whisky and Camikara rum, also plans to launch a state-of-the-art visitor centre at Indri, Haryana, as part of their ambitious growth strategy. This will be aimed at whisky tourists and connoisseurs eager to explore the nuances of whisky making. Siddhartha Sharma, Promoter, Piccadily Agro Industries, says the Indian alco-bev industry has emerged as one of the world's most dynamic markets, driven by rising disposable incomes, evolving consumer preferences and a growing appreciation for premium spirits. “We are witnessing a remarkable shift as Indian consumers increasingly gravitate towards premium craft spirits, particularly in categories like single malts and aged rum. This evolution has created an unprecedented opportunity for Indian producers to not just serve the domestic market but to take their place among global industry leaders,” he states.

KEC International shares will be in focus on Thursday after the firm secured turnkey orders worth Rs 1,704 crore from Power Grid Corporation of India in its Transmission & Distribution (T&D) business. The projects include the design, supply, and installation of 765 kV transmission lines and GIS substations, further bolstering KEC’s leadership in the T&D sector.

Adani Group stocks will be in focus on Thursday after the conglomerate clarified on Wednesday that its executives, including Gautam Adani and his nephew Sagar Adani, have not been indicted on bribery charges by US authorities. The group noted that the US actions have caused «significant repercussions including… international project cancellations, financial market impact and sudden examination from strategic partners, investors, and the public». Adani Green Energy Ltd said group founder chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain have not been charged with violations of the US Foreign Corrupt Practices Act (FCPA) over bribery, nor is the civil complaint filed by the US Securities and Exchange Commission (SEC) based on this. Instead, they have been charged on three counts in the criminal indictment-alleged securities fraud conspiracy, wire fraud conspiracy and securities fraud, the company said in the Adani Group statement that was issued on Wednesday.

Subscribe to enjoy similar stories. The Union government is working on a comprehensive package for the aviation sector involving lower user fees, relaxed regulations and tax concessions, three government officials aware of the development said. Federal think tank Niti Aayog is leading the initiative, holding consultations with the ministries of aviation, commerce, finance, home, petroleum and environment for the package, the people cited above said on the condition of anonymity.

Canada may need to set aside a historically conservative risk appetite to avoid stifling digital innovation in the regulated banking system, including crypto assets, the country’s top financial services regulator said Wednesday.

Nickelodeon.

Arunachal Frontier Highway connecting 12 districts of the state along the Line of Actual Control (LAC) on the India-China international border, a top official said. The ambitious project to be built at an estimated cost of Rs 40,000 crore is seen as a move to counter China's aggression in Arunachal Pradesh, besides contributing to the socio-economic development of the border state. The highway is being constructed along the 'India-Tibet-China-Myanmar' border and the road project will be as close as 20 km from the LAC and international borders. It will start from Bomdila and pass through Nafra, Huri and Monigong towns, which are closer to the LAC or the McMahon Line, and conclude in Vijaynagar near the India-Myanmar border.

Congress accused the Centre on Wednesday of collecting more than Rs 36 lakh crore from people's pockets through petroleum products in the last five years. Congress president Mallikarjun Kharge alleged that instead of increasing funds for welfare schemes, the Narendra Modi government has continuously reduced allocation by «manipulating data and tampering with facts». «By imposing excessive taxes, duties and cess on petrol and diesel, the Modi government has looted lakhs and crores of rupees from the common people. According to the answer to a question asked in Parliament, the government has collected more than Rs 36 lakh crore from people's pockets in the last 5 years,» Kharge said in a post on X. «This government is an expert in closing down old schemes, sometimes changing the names of Congress schemes and calling them new and sometimes trying to garner accolades by changing the names of its own schemes repeatedly.

International Space Station (ISS) reported a rancid odor when they opened the hatch of Russia's Progress cargo ship, which had just eventually docked, reported Futurism. Kelly O. Humphries from NASA stated that inquiries about the smell should be directed to Roscosmos which is the Russian space agency, though; Roscosmos has not commented anything on the issue. According to Futurism, several initial assessments suggested that the odor might be due to ‘outgassing’ from the cargo, while, on the other hand, Russian sources pointed to potential contamination from the Poisk docking mechanism. Also Read: Queer on streaming: Is the Daniel Craig movie available to watch on OTT?

U.S. President-elect Donald Trump has threatened to sharply raise tariffs on all Chinese imports and close some loopholes Chinese exporters currently use to sell their products more cheaply in the U.S. If enacted, his plans would likely raise prices in...

Air India Express will start flights to Bangkok from Surat and Pune from December 20, making Thailand's capital its 15th international destination. Besides, the Tata Group carrier will commence services to Dimapur (Nagaland) and Patna (Bihar). With these new cities, the airline will be connecting a total of 51 cities across India, the Middle East and Southeast Asia. «Operations to Bangkok will commence on 20th December 2024, with direct flights connecting Surat and Pune to the vibrant capital of Thailand. Additionally, the airline strengthens its domestic network with the launch of services to Dimapur and Patna, offering daily direct connectivity between Dimapur and Guwahati, and Patna and Bengaluru and Hyderabad,» the airline said in a release on Wednesday.

Subscribe to enjoy similar stories. When President-elect Donald Trump said he would nominate the hedge-fund manager Scott Bessent as his Treasury secretary Friday, much of Wall Street and corporate America breathed a sigh of relief. The choice of Bessent, who is hawkish on deficits, a defender of the dollar’s reserve status, and until recently circumspect about tariffs, suggested that Trump would put a priority on market-friendly measures to boost economic growth and hold down inflation and interest rates.

While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the United States and Europe as carmakers and governments struggle to meet years-old promises about affordability and charging stations

Axis Bank on Wednesday said the asset book of its IFSC Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar has doubled to USD 4 billion from USD 2 billion in 2019. The bank unveiled a spacious IBU office at GIFT City here that spans nearly 8,000 square feet and is nearly three times bigger than the previous facility located here. «In terms of size, today our asset book here is a little over USD 4 billion, which is among the largest in GIFT City. Similarly, on the liability side, we have a USD 1 billion deposit, which once again makes us among the highest in terms of deposits as well...from USD 2 billion in 2019, we have doubled our asset book,» its Deputy Managing Director Rajiv Anand told mediapersons. «The office is an expression of our ambition aligned with the ambition for GIFT City to serve our customers. We continue to show very solid growth on multiple fronts,» said Axis Bank's President and Head of Wholesale Banking Products Vivek Gupta.

Adani Power Ltd.(up 19.52%), Adani Energy Solutions Ltd.(up 10.00%), Adani Green Energy Ltd.(up 10.00%), Jaiprakash Power Ventures Ltd.(up 6.90%), Gujarat Industries Power Company Ltd.(up 5.27%), GMR Power and Urban Infra Ltd.(up 5.00%), Ravindra Energy Ltd.(up 5.00%), Jyoti Structures Ltd.(up 5.00%), Reliance Power Ltd.(up 4.99%) and Indowind Energy Ltd.(up 4.98%) stood among the top gainers.

Subscribe to enjoy similar stories. Internal audit has evolved significantly over the decades as a business process, transitioning from being just a compliance-driven function to a strategic partner focused on managing risks, enhancing governance and improving business efficiency. In recent years, advancements in technology, particularly artificial intelligence (AI), have been crucial in transforming the internal audit (IA) landscape.

Subscribe to enjoy similar stories. Every month, Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India.

Subscribe to enjoy similar stories. Niva Bupa Health Insurance Co. Ltd’s first earnings post listing show its performance is significantly better than that of the Indian health insurance industry in the first half of FY25 (H1FY25).

President-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team

weapons storage facility in Syria in response to an attack on American forces a day earlier. The US Central Command (CENTCOM) wrote on X that the strike aimed to «degrade their ability to plan and launch future attacks on US and Coalition forces who are in the region to conduct D-ISIS operations,» referring to a mission to target the Islamic State group. It said that there were no civilian casualties found during its assessment of the strike.

Subscribe to enjoy similar stories. Wipro Ltd has named a new Europe head as the software services provider looks to revive business in this second biggest market. On Monday evening, India’s fourth largest software services company appointed Omkar Nisal as the chief executive of its Europe business.