International Financial News

Subscribe to enjoy similar stories. The regulatory clampdown on unsecured personal loans has given a fillip to loans against the yellow metal, with gold loans soaring in the last few months. Rising gold prices on the back of escalating global conflict and uncertainty have also aided demand for gold loans, as customers reassess the value of their collateral and seek more credit against it.

Subscribe to enjoy similar stories. The National Financial Reporting Authority (NFRA) has kicked off an epic overhaul of the way auditors verify the truthfulness of corporate financial information, in a change of regime from the current system where auditing standards issued by Institute of Chartered Accountants of India (ICAI) are deemed to be final.

China last quarter, a sign that some investors are still pessimistic even as Beijing rolls out stimulus measures aimed at stabilizing growth. China's direct investment liabilities in its balance of payments dropped $8.1 billion in the third quarter, according to data from the State Administration of Foreign Exchange released late Friday. The gauge, which measures foreign direct investment in China, was down almost $13 billion for the first nine months of the year. Foreign investment into China has slumped in the past three years after hitting a record in 2021, a casualty of geopolitical tensions, pessimism about the world's second-largest economy and stronger competition from Chinese domestic firms in industries such as cars. Should the decline continue for the rest of the year, it would be the first annual net outflow in FDI since at least 1990, when comparable data begins.

Pakistan Cricket Board (PCB) confirmed on Sunday that it had received an official communication from the International Cricket Council (ICC), stating that the Board of Control for Cricket in India (BCCI) has expressed its unwillingness to send its team to Pakistan for the 2025 ICC Champions Trophy. The PCB’s statement revealed that the BCCI had informed the ICC of its decision not to participate in the tournament in Pakistan, which is set to take place in February-March next year. «The PCB has received an e-mail from the ICC, stating that the BCCI has informed them that their team will not travel to Pakistan for the ICC Champions Trophy 2025,» the statement said.

Early in Donald Trump's first term in the White House, America's tech giants loudly protested his temporary ban on travel from seven predominantly Muslim countries. Mark Zuckerberg, Facebook's CEO, posted that his great-grandparents were immigrants and that his in-laws were refugees. Sergey Brin, a cofounder of Google who immigrated from the Soviet Union as a child, rushed to San Francisco International Airport to protest.

China has published baselines for a contested shoal in the South China Sea it had seized from the Philippines, a move that's likely to increase tensions over overlapping territorial claims. The Foreign Ministry on Sunday posted online geographic coordinates for the baselines around Scarborough Shoal. A nation's territorial waters and exclusive economic zone are typically defined as the distance from the baselines. Both China and the Philippines claim Scarborough Shoal and other outcroppings in the South China Sea. China seized the shoal, which lies west of the main Philippine island of Luzon, in 2012 and has since restricted access to Filipino fishermen there. A 2016 ruling by an international arbitration court found that most Chinese claims in the South China Sea were invalid but Beijing refuses to abide by it. Ships from China and the Philippines have collided several times as part of increased confrontations, and the Chinese coast guard has blasted Philippine vessels with water cannons.

International mega banks, funded by taxpayer dollars, are the biggest, fastest-growing source of climate finance for the developing world

Adani Thiruvananthapuram International Airport Ltd is not a 'transfer of business', but supply of services and hence is liable to GST, the Kerala-bench of the GST Authority for Advance Ruling (AAR) has said. The Kerala AAR ruling is contrary to the rulings passed by the Rajasthan and Gujarat Appellate Authority for Advance Ruling (AAAR) in the case of transfer of Jaipur and Ahmedabad airports and Uttar Pradesh AAR in the case of Chaudhary Charan Singh International Airport in Lucknow. These authorities had exempted such transfers from goods and services tax (GST). The Airports Authority of India (AAI) in its application before the AAR said it has entered into a concessionaire agreement with Adani Thiruvananthapuram International Airport Ltd for the operation, management, and development of the airport for 50 years. The AAI sought rulings from the AAR on a set of queries, including whether the agreement involves transfer of business and whether such a transfer would be treated as 'supply as going concern' and be exempt from GST.

Subscribe to enjoy similar stories. India’s infrastructure planning is set to get more extensive with the government preparing to include the military’s requirement to ensure civilian projects can also be made available to the armed forces if necessary. The initiative—planned under Prime Minister Gati Shakti, also known as the National Master Plan for Multi-modal Connectivity—will focus on building dual-use projects across all segments of infrastructure such as roads, ports, power and airports, two officials told Mint.

Subscribe to enjoy similar stories. Bimal Das Gupta was one of the earliest leading abstractionists in Indian modern art.

Most of the earnings so far have been muted in the second quarter for India Inc as analysts had already predicted the slowest numbers in over four years as Nifty earnings may grow marginally by just 2% year-on-year.

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rovince suspended two major programs that are pathways to citizenship and introduced legislation to give itself new powers to limit the number of international students in October.On Wednesday, Quebec Premier François Legault also warned of a possible influx of asylum seekers as a result of Donald Trump winning the U.S. presidential election.As Trump promises mass deportations, Legault said the province has “done its part” and simply cannot take on more new arrivals.

Subscribe to enjoy similar stories. Most companies are starting to figure out how artificial intelligence will change the way they do business. Chegg is trying to avoid becoming its first major victim.

Air India Express will focus on connecting smaller cities and towns with metros as well as fly to new overseas destinations, according to senior officials. The airline, which recently completed the merger of AIX Connect with itself, has a fleet of around 90 aircraft and the count is expected to cross 110 by the end of this fiscal.

Al-Nihang, an overseas Pakistgroup has offered to acquire Pakistan International Airlines for the cost of PKR 100 billion amid a set of terms and conditions, Ary News reported.

Global efforts to fight climate change stumbled but survived the last time Donald Trump was elected president

The Alberta government has jettisoned the entire board of Alberta Investment Management Corp. (AIMCo), as well as CEO Evan Siddall, saying the investment manager of pensions, government and endowment funds in the province has seen “significant” increases in operating costs and management fees in recent years “without a corresponding return on investment.”

Zomato and Swiggy have violated antitrust norms by getting into «exclusive arrangements» with restaurant partners, a person aware of the details said.

quarter, mainly on account of fall in income. It had posted Rs 386.57 crore net profit for July-September 2023, the company said in an exchange filing. Total income declined to Rs 3,364.23 crore from Rs 4,161.41 crore in the second quarter last fiscal.