International Financial News

Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two sources told Reuters. Under the deal announced internally last week, Tata will hold 60% and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support, said the two sources, who declined to be named as the details are not yet public. The sources did not elaborate on the financials of the deal.

Vir Das, the award-winning comedian draws spotlight to an Indian taxi driver in the US, with a surprising background—an IIT Bombay graduate with a PhD and who worked as a scientist before being laid off. This highly qualified individual, now driving a cab in America, exemplifies the stark contrast between academic brilliance and the struggles of survival in a foreign land. Vir Das recounted meeting the driver at San Jose airport. Despite his evident discomfort behind the wheel, the driver maintained a polite demeanor, Vir Das said. The conversation soon drifted into Hindi, a language they both found comfort in, offering a brief respite from the alienation of living far from home. During this exchange, the driver shared his story—a tale of layoffs, survival, and the relentless pursuit of financial stability in the U.S. His current role as a cab driver was a far cry from the intellectual rigor of his scientific past, but it was a necessary step to make ends meet. The IIT graduate’s story is a sobering reminder of the unpredictability of life. Having excelled in one of the most prestigious educational institutions in India and pursued advanced research, he now navigated a very different path. His candid admission—missing home every single day—revealed a longing for a simpler life, one unburdened by mortgages, insurance payments, and the endless grind of the American dream. Yet, he stayed, tethered by responsibilities and a complex web of practicalities that often make returning home an impractical choice.

Shillong Cherry Blossom Festival 2024 came to a grand conclusion on Saturday, leaving the festival-goers amazed with a legendary lineup of performances, cultural showcases, and fun activities that made this year’s event truly unforgettable. Held at the RBDSA Sports Complex, the two-day festival attracted more than 50,000 visitors each day, celebrating music, at the “Music Capital of India”. The final day was a fitting climax. Internationally acclaimed British band Clean Bandit delivering an electrifying performance that had the audience swaying to their global hits. Bollywood sensation Kanika Kapoor added her signature charm, while Dutch-Moroccan DJ R3HAB brought the house down with his high-energy beats, transforming the arena into a pulsating dance floor. Local stars, including Khasi Bloodz and SK Korn, continued to shine, representing the vibrant talent of Meghalaya and showcasing the region's deep connection to music.

Democratic Party’s prodigious fundraising operation raised more than $1 billion in her loss to Donald Trump, but the vice president is still pushing donors for more money after the election.Democrats are sending persistent appeals to Harris supporters without expressly asking them to cover any potential debts, enticing would-be donors instead with other matters: the Republican president-elect’s picks for his upcoming administration and a handful of pending congressional contests where ballots are still being tallied.“The Harris campaign certainly spent more than they raised and is now busy trying to fundraise,” said Adrian Hemond, a Democratic strategist from Michigan. He said he was been asked by the campaign after its loss to Trump to help with fundraising.The party is flooding Harris’ lucrative email donor list with near-daily appeals aimed at small-dollar donors — those whose contributions are measured in the hundreds of dollars or less.

Subscribe to enjoy similar stories. Shomie Das, who was successively principal of three well-known boarding schools, Mayo College, Lawrence School, Sanawar, and The Doon School from 1969-95, had radically unconventional ideas about education, gleaned from German and Austrian educationists and the product of his own innate liberalism and innovativeness. His ideas about education have a relevance well beyond the three posh schools he headed because they were contrary to the priorities of Indian education, then and now.

Congress on Saturday dubbed Madhya Pradesh Chief Minister Mohan Yadav's tour of United Kingdom and Germany as «open drama in the name of investment» and jibed that he wanted to be an «international tourist» like Prime Minister Narendra Modi. The ruling Bharatiya Janata Party hit back by calling the Congress «anti-development» and said it was not «tourism but drawing investment for the betterment of the state». Yadav will be visiting the two European nations from November 23 to December 1. In a statement, MP Congress chief Jitu Patwari said, «An open drama going on in the name of investment in Madhya Pradesh. Crores of rupees are being spent in the name of government publicity. When the CM and officials got bored of roaming in various states, they are now exploring the possibilities of government tourism abroad.»

Austrian utility OMV says supplies from Russia’s state-owned natural gas company Gazprom stopped early Saturday after the company said it would stop payments for the gas following an arbitration award

global Trophy Tour ahead of the Men's Champions Trophy 2025, which is set to be hosted by Pakistan. The global Trophy Tour for the ICC Men's Champions Trophy kicks off in Islamabad, Pakistan today. The announcement comes after the ICC cancelled the trophy tour in the Pakistan-occupied Jammu-Kashmir (PoJK). Notably, the BCCI has strongly objected to the Pakistan Cricket Board's (PCB) plan to hold the Champions Trophy tour in disputed areas of Pakistan-Occupied Kashmir (PoK), specifically Skardu, Hunza, and Muzaffarabad.

panchayats remains low, with the income through tax collected by the rural local governance bodies on an average being just Rs 59 per capita between 2017 and 2022, according to government data. Even as the generation of OSR for panchayats has come into focus to give these rural bodies more financial autonomy, according to the data compiled by the Panchayati Raj ministry, between 2017 and 2022, only an amount of Rs 5,118.98 crore was raised as OSR by the panchayats. This comes down to Rs 59 per capita and Rs 2.27 lakh per panchayat over the five-year period for 2.25 lakh gram panchayats across the country. The total population coming under these panchayats was more than 86.95 crore in the said period. Among the states, Gujarat collected the highest amount as OSR at Rs 829.75 crore, while Kerala came second collecting Rs 802.95 crore.

NOK Air Flight DD959, which was scheduled to fly from Rajiv Gandhi International Airport Hyderabad to Don Mueang International Airport (DMK) Bangkok, declared an emergency early on Saturday morning, GMR, PRO said. «Nok Air flight DD959 from Rajiv Gandhi International Airport, Hyderabad to Don Muang International Airport (DMK), Bangkok declared an emergency this morning. All passengers were deboarded and taken to the terminal after security checks, and their luggage was unloaded and checked,» Mukesh, PRO GMR said. Earlier one passenger was detained by the Raipur police in the matter pertaining to the emergency landing of a flight, said a police official on Thursday.

FICCI) and the Game Developers Association of India (GDAI) have signed a Memorandum of Understanding (MoU) at the Indian Game Developers Conference (IGDC) 2024. The partnership aims to accelerate growth, drive innovation, and enhance skill development in India’s rapidly expanding video gaming industry. This MoU represents a significant milestone in creating a robust video gaming ecosystem in India, setting the stage for the industry’s next wave of growth and international recognition. «FICCI is delighted to collaborate with GDAI to propel growth in India’s burgeoning video gaming sector. This partnership aims to build a strong ecosystem by advocating for industry-friendly policies at both state and national levels, while promoting innovation, skill development, and sustainable growth across the Media & Entertainment sector. The MoU reflects our commitment to nurturing talent and positioning India as a global leader in gaming intellectual property (IP), leveraging FICCI’s policy expertise and GDAI’s extensive developer network,” said Leena Jaisani, Deputy Director General, FICCI.

cyber-espionage operation that gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with the matter. Hackers linked to a Chinese intelligence agency were able to breach T-Mobile as part of a monthslong campaign to spy on the cellphone communications of high-value intelligence targets, the Journal added, without saying when the attack took place. «T-Mobile is closely monitoring this industry-wide attack,» a company spokesperson told Reuters in an email.

Donald Trump announced Friday that Steven Cheung will serve as his White House communications director and Sergio Gor will run the personnel office. Both have been advisers to the president-elect since his 2016 campaign, Trump said. Both positions could be influential in the new administration, helping to develop its public messaging and internal workforce. Cheung led communications for Trump's latest campaign, where he gained a reputation for combative and insulting attacks on the Republican's opponents. A native of Sacramento, California, he worked in Republican politics and for the Ultimate Fighting Championship before joining Trump's team in 2016. Gor ran Winning Team Publishing, which he started with Donald Trump Jr. The company has published books by Trump and his allies. Gor also led the super PAC Right for America.

«I decided on Baku because I am getting a Baku Marriott Hotel Boulevard at ₹58,000 for four nights for two adults and a child,» she said. «In contrast, rates for some properties in Kovalam, Udaipur and Rishikesh are steeper than this for a night.» She's not alone. Rates for the Christmas-New Year period at many popular leisure destinations such as Varanasi are turning out to be much higher than international locations such as Danang in Vietnam, persuading many to look overseas.

Dune: Prophecy delves into the early history of the Dune universe. This prequel explores events leading to the formation of the Bene Gesserit.

natural rubber prices in the international markets are set to rise further as manufacturers have guided for further hikes in the ongoing quarter. According to them an increase of 2-6% taken since the beginning of FY25 is not commensurate with the increase on account of natural rubber prices. This, in turn, has jacked up raw material prices as percentage to net sales by 6-8%. Higher input costs coupled with a tepid demand from truck and carmakers dented profitability at all tyre makers in the second quarter over the year-ago period.

NASA is closely monitoring astronaut Butch Wilmore who is currently stranded on the International Space Station (ISS) alongside Sunita Williams, reported New York Post. Initially scheduled for an eight-day mission both of their stay has extended to over 160 days due to technical malfunctions with the Boeing Starliner spacecraft. New York Post reported that Butch Wilmore has experienced some weight loss although it is far less pronounced than that of Sunita Williams who has eventually garnered significant public concern for her gaunt appearance. NASA officials have reassured the public that both their astronauts are in good health and are being regularly evaluated by flight surgeons. Also Read: Thanksgiving 2024 deals: Walmart, Target and others offer huge discounts | Check special offers

Noida International Airport, scheduled for Friday, has been postponed after failing to get the required permissions from the DGCA, an official said. The test is likely to begin from November 30, he said. After the calibration report was approved, there was a plan to start testing on the runway from November 15, under which it was planned to land and take off three aircraft each of aviation companies Indigo and Akasa daily. Dr Arunvir Singh, Chief Executive Officer of Yamuna Expressway Industrial Development Authority (YEIDA), said, «Due to non-receipt of permission from Directorate General of Civil Aviation, the test of the runway of the proposed Noida International Airport from November 15 has been postponed. It is expected that the test will start from November 30. Preparations are being made accordingly.''

lunar volcanism. Researchers said on Friday the soil brought back from the Chang'e-6 landing site contained fragments of volcanic rock — basalt — dating to 4.2 billion years ago and to 2.8 billion years ago. This points to a long period of volcanic activity — at least 1.4 billion years — on the far side during the first half of the moon's history, when it was a more dynamic world than it is today. The moon, like Earth, formed about 4.5 billion years ago. Volcanism on the moon, Earth and other planetary bodies involves the eruption of molten rock from the mantle — the layer just under the outer crust — onto the surface. The landing site in the South Pole-Aitken Basin, an impact crater, is an area with the thinnest crust on the moon, helpful for finding evidence of volcanism.

Croatia’s health minister and several others were detained on Friday on suspicion of corruption as part of an investigation launched by the European prosecutor’s office

Air India Express on Friday announced that is is expanding the number of weekly flights in its winter schedule from Kolkata to Bagdogra by 37 per cent. The Tata-owned airline will now operate over 230 weekly flights from Kolkata and Bagdogra, up from 168 during the previous winter season. This expansion includes new direct routes that will significantly improve travel options for passengers. For Kolkata, Air India Express is introducing new direct flights connecting the city to Sri Vijaya Puram (Port Blair) and Indore, while Bagdogra will see a new connection to Chennai.