International Financial News

«NIM has come down to 2.80%. However, I clarify again, our domestic NIM is at a healthy number of 3.14%. So, definitely there has been some impact with the rising cost of deposit. The NIM has been impacted and also yield on advances are flat, that is one of the basic reasons. And as regards the RBI circular on penal interest, so now we have to book under the penal charges,» says Rajneesh Karnatak, MD & CEO, Bank of India. Let us start off with your net interest margins here. Now, we saw 25 basis points fall when it comes to the NIMs in this quarter, but going forward your cost of deposits has been rising while the yield on advances has been declining. So, what is your outlook when it comes to the net interest margin considering these factors? Rajneesh Karnatak: As regards the NIM is concerned, our NIM we have shown at around 2.80%. However, this is the global NIM. The domestic NIM is at 3.14%. And the reason for this coming down of the NIM is one of the factors is that 15% of our global book is the international book, where the NIMs are on the lower side.

Donald Trump is naming longtime adviser Stephen Miller, an immigration hard-liner, to be the deputy chief of policy in his new administration. Confirming the appointment, Vice President-elect JD Vance posted a message of congratulations on Monday to Miller on X and said, This is another fantastic pick by the president. Miller is one of Trump's longest-serving aides, dating back to his first campaign for the White House. He was a senior adviser in Trump’s first term and has been a central figure in many of his policy decisions, particularly on immigration, including Trump's move to separate thousands of immigrant families as a deterrence program in 2018.

Statement of Purpose (SOP) is more than a formality; it's your personal advocate, convincing admissions committees of your potential and passion to study abroad. As an international student seeking to study in the United Kingdom, a well-crafted SOP can be the difference between acceptance and rejection. It's your chance to showcase your unique qualities, academic journey, and aspirations to the admissions officers. While the prospect of writing a compelling SOP might seem daunting, fear not. This guide will equip you with the essential strategies and practical advice to create a document that truly reflects your strengths and aspirations. Your SOP should be a cohesive narrative that reflects your personal and professional journey. Here’s a breakdown of what it should cover.

When travelling abroad, travellers can choose between cash and card for payments. For card options, debit, credit, and forex cards are available. While most travellers would have a debit card, using it for international transactions is typically more expensive.

International Association of Ultrarunners‘ 100 km World Championship.It’s in Bangalore, a tropical city in southern India where the average daytime temperature in December ranges from a high of 27 C to a low of 16 C, plus a relative humidity of around 55 per cent.“She’s going to be warm,” McBride laughed.She’s a member of the Association of Canadian Ultramarathon Runners and said they’ve provided her with protocols for acclimatizing to a hot climate, including three weeks of intense sauna sessions followed by running indoors in winter gear to help simulate the environment and increase blood hemoglobin.“It’ll be into the sauna, on the treadmill, into the sauna, on the treadmill. It’ll be grand.

The Alberta government fired the chief executive and entire board of directors of Alberta Investment Management Co. (AIMCo) last week, citing rising costs without an equivalent increase in returns at the $160 billion investment manager. But were AIMCo’s results and costs out of line with other major Canadian investment managers? The Financial Post’s Naimul Karim explores the question.

climate change, pollution and biodiversity loss. According to WEF's Global Risks Report 2024, biodiversity loss and ecosystem collapse is the third-most prominent long-term risk. According to UN Environment Programme (UNEP) data, nearly 1 in every 4 species assessed is threatened, with demand for resources expected to rise 60% by 2060 from 2020 levels. Often, economic prosperity and nature conservation are perceived as a zero-sum game. But it can be a more nuanced relationship. Services provided by ecosystems are widespread, of both the tangible and intangible kind. This link between economic output and biodiversity is supported by a large set of evidence.

International Road Federation on Monday said it has written to Prime Minister Narendra Modi seeking his intervention in enhancing road safety measures to reduce the rising number of road fatalities in India through targeted interventions like placing two-wheeler ambulances at national and state highways and making smart helmets and two wheeler airbags mandatory. “The International Road Federation has written to the Prime Minister expressing concern at the growing number of road accident fatalities in the country and has suggested implementing strategies aimed at raising awareness, influencing policy, and advancing road safety measures,” it said in a statement issued on Monday. Citing the data of the ministry of road transport and highways (MoRTH), showing over 1,65,000 road traffic deaths in the year 2023 alone, the Federation said it accounts for roughly 11% of the global road traffic fatalities.

IndiGo is working with the civil aviation ministry to explore the possibility of extending the wet lease of wide-body Boeing 777 planes from Turkish Airlines as the existing lease period is ending this week. Currently, IndiGo is operating two wet-leased Boeing 777 planes for flights from Delhi and Mumbai to Istanbul. These are also the only two wide-body aircraft that are in the fleet of the airline, which is India's largest carrier with a domestic market share of over 62 per cent. These aircraft were wet-leased to cater to the rising demand for international travel from India. IndiGo started operating its first wide-body Boeing 777 aircraft on the Delhi- Istanbul route from February 1, 2023, and began operating the Boeing 777 plane on the Mumbai-Istanbul route from May 17, 2023.

From 1 May 2025, Chappuis' appointment comes as the current CEO and president of PGIM, David Hunt, retires. Hunt will continue as chair until the end of July next year «to ensure a smooth transition», according to the company.  PGIM's multi-asset arm poaches from Goldman Sachs AM for head of portfolio management role Chappuis will report to Andrew Sullivan, head of international businesses and global investment management for Prudential Financial, who praised Hunt for his leadership. He said that under the outgoing CEO's tenure, «PGIM has grown to become one of the premier global a...

S Jaishankar on Monday called for «urgent» measures to address the issue of widening trade deficit between India and Russia. While India's exports to Russia stood at only USD 2.24 billion in April-August this fiscal, imports soared to USD 27.35 billion during the period. The trade deficit is aggregated at USD 25.11 billion. The high trade deficit is mainly on account crude imports. Russia emerged as India's biggest supplier of crude oil, which is converted into fuels like petrol and diesel in refineries, after Russian oil was available on discount following some European nations shunning purchases from Moscow over its invasion of Ukraine in February 2022.

Subscribe to enjoy similar stories. Twenty-three Nobel laureates in economics warned two weeks ago that Donald Trump’s economic agenda would be disastrous for the U.S. Immediately after Mr.

Subscribe to enjoy similar stories. The first race I ever ran was the half marathon at the Standard Chartered Mumbai Marathon in 2009. I have been running ever since.

Keystone Realtors, which operates under the brand Rustomjee, is confident of exceeding its guidance of Rs 4,000 core for project additions during the current financial year 2024-25 in the backdrop of a robust deal pipeline, said a top company official. The listed company has added 3 new projects with a total gross development value (GDV) of over Rs 1,333 crore in the quarter ended September taking it to over Rs 2,300 crore in the first half of the financial year. Apart from these projects in the redevelopment space, the company has also forayed into the fast-growing market for plotted developments with the acquisition of an 88-acre plot in Kasara near Mumbai.

Subscribe to enjoy similar stories. With Donald Trump’s election victory, the U.S. is headed again for the exits of the Paris accord, the international climate agreement signed nearly a decade ago, and toward an energy policy inspired by Trump’s campaign mantra “drill, baby, drill." China, on the other hand, appears more committed to the agreement than ever.

In August, the disease which continues to spread in Africa was classified by the U.N. health body as a public health emergency of international concern, which represents the highest form of alert. This followed the spread of a new variant of the virus, called clade Ib, in parts of the continent. There have been 46,794 confirmed and suspected cases in Africa this year through Nov. 3, including 1,081 deaths, the WHO said in a report issues on Monday. The most affected country is the Democratic Republic of Congo, followed by Burundi and Uganda, it said.

UK universities are among the most prestigious in the world, but visa restrictions mean they are now attracting fewer international students — taking a heavy toll on their finances. The restrictions are compounding problems caused by the UK's departure from the European Union four years' ago. Almost 760,000 foreign students were enrolled in British universities in 2022, making Britain the second most popular destination after the US, in a highly competitive market.

Gurjeev Kapoor, Head of Distribution and International Markets at Disney Star, has likely decided to leave the company to pursue entrepreneurial ambitions in the entertainment sector. Kapoor's departure comes as the $8.5 billion merger between Reliance and Disney’s Indian assets nears finalization, sources close to the development informed ET Online. «Gurjeev Kapoor has chosen not to accept a role in the Viacom18/Disney Star joint venture, opting instead to pursue an entrepreneurial career in the entertainment space,» sources told ET Online. Mukesh Ambani-owned Reliance had in February this year signed a binding agreement with Disney to merge the media operations in India, the world's most populous country with diverse demography that consumes high volume of media content.

Experts calculate that curbing and coping with global warming is going to cost trillions of dollars and poor nations just don’t have it

Intel announced it will reintroduce free coffee and tea for its employees after removing several workplace perks earlier this year as part of extensive cost-saving initiatives. The decision to restore the beverages comes as the company attempts to bolster employee morale following a challenging year, which included workforce reductions and benefit cutbacks.

Subscribe to enjoy similar stories. Mumbai: Warner Music India, part of global entertainment powerhouse Warner Music Group, has made a strategic minority investment in SkillBox, the country’s third-largest ticketing and live entertainment company after BookMyShow and Insider. This move marks Warner Music India’s entry into live entertainment business, strengthening its portfolio and expanding opportunities for its artiste roster.