International Financial News

Donald Trump was elected president and withdrew the United States from an international climate agreement. Other countries, states, cities and businesses picked up some of the slack.

Subscribe to enjoy similar stories. On a typical day in Gaza, the U.N. agency that looks after Palestinian refugees provides food to around 2,000 families and healthcare to thousands more.

Subscribe to enjoy similar stories. The Indian tea story is dominated by the colonial creation of the plantation industry and the birth of the commodity tea industry that puts India in the top 2 of global tea producers. The more interesting stories, however, are of the lesser-known teas and tea cultures with no colonial ties at all.

Tata-backed Indian Hotels Company (IHCL) announced a profit of Rs 583 crore for the second quarter of the fiscal year, marking a 226% year-on-year (YoY) increase. IHCL also reported revenues of Rs 1,826 crore for the quarter, a 27.4% YoY rise. Puneet Chhatwal, MD & CEO, IHCL, talks to ET Now about what is making the hospitality sector and especially, IHCL succeed while the rest of the consumption sector industries are slowing down. Chhatwal also says that Q3 is always the strongest quarter, followed by Q4. As the sector is making money in Q1 and Q2, Q3, and Q4 are coming as a bumper on top. So the sector is doing well and Indian Hotels is very well positioned to take advantage of the possible tailwinds. On growth spurt in H2 Puneet Chhatwal: We have to look at quarter one and quarter two together. We are very much within our guidance which we said we will do a double-digit top line growth. And if you look at the first half, we are at 11% top line and that is my belief that demand will continue to outpace supply. And as India grows, as India's GDP grows, as India from number five becomes number three economy, it is just the beginning of a long journey for the hospitality sector. Within that, if we are India's largest hospitality ecosystem, we will stand to benefit.

Sumitomo Rubber says it will close its western New York tire manufacturing plant and eliminate all 1,550 union and salaried jobs

KKV Agro Powers Ltd.(up 5.00%), Transformers & Rectifiers(India)Ltd.(up 3.12%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Ravindra Energy Ltd.(up 0.61%), JSW Energy Ltd.(up 0.49%), GE Vernova T&D India Ltd.(up 0.49%), Power Grid Corporation of India Ltd.(up 0.37%), Neueon Towers Ltd.(up 0.33%), Inox Wind Energy Ltd.(up 0.24%) and Adani Energy Solutions Ltd.(up 0.20%) were among the top gainers.

Chinese equities and outsized stimulus measures have led many investors to believe the Chinese market offers an attractive entry point. But financial planners are asking savers to be careful.

A new study says private jet carbon pollution soared 46% from 2019 to 2023

automotive manufacturing ecosystem in specific is well-poised, presenting unlimited potential. This potential is underscored by strong domestic consumption and growing international demand for our products and services.

Subscribe to enjoy similar stories. New Delhi: Homegrown automaker Mahindra and Mahindra Ltd (M&M) has raised its forecast for tractor sales for the industry, anticipating strong growth fuelled by rising rural demand as government spending in the rural and agricultural regions goes up. The company now expects tractor industry sales to grow by 13-14% in the second half of the year, adjusting its full-year projection to 6-6.8%, up from an earlier estimate of 5%, a top company official said during its second quarter earnings press conference on Thursday.

Northern Arc on Thursday said it has secured USD 65 million from global development banks for maiden climate fund through its fund management arm, Northern Arc Investments IFSC Trust. The climate fund gets commitment of USD 50 million from the United States International Development Finance Corporation (DFC) and USD 15 million from OeEB, the official Development Bank of the Republic of Austria, Northern Arc said in a statement. Located in Gujarat International Finance Tec-City (GIFT City), the climate fund will extend debt financing to growth-stage companies operating in sectors such as commercial, industrial, and residential solar energy, energy efficiency, green buildings and materials, e-mobility, and sustainable agriculture, it said.

business. The company posted Rs 151 crore in the same quarter last year.

Emcure Pharmaceuticals on Thursday reported a 38.2% year-on-year (YoY) increase in net profit to Rs.202 crore in Q2FY25 led by strong performance of domestic and international business The Pune-based drug maker posted Rs 145.8 crore in the same period last year.

The maker of Dermicool and BoroPlus grew domestic business by 2.6%. The company said the quarter was hit by persistent high food inflation, which affected mass consumer spending. Globally, political unrest in markets like Bangladesh too caused temporary disruptions.

WELL Health-Safety Rating (WELL HSR) from the International WELL Building Institute (IWBI).

Jet Airways announced temporary grounding of operations after flying as a full service airline for 25 years. Since then, more than 20,000 jobs and money worth thousands of crores owed to lenders, vendors and passengers evaporated while awaiting an insolvency resolution.

Northern Arc on Thursday said it has secured USD 65 million from global development banks for maiden climate fund through its fund management arm, Northern Arc Investments IFSC Trust. The climate fund gets commitment of USD 50 million from the United States International Development Finance Corporation (DFC) and USD 15 million from OeEB, the official Development Bank of the Republic of Austria, Northern Arc said in a statement.

LT Foods has a strong international presence in over 80 countries (69% revenue share in FY24), achieving a 17% CAGR in international revenue during FY19-24, a growth fueled by new geography expansion, innovative product launches, and brand acquisitions.

As U.S. President-elect Donald Trump prepares for his second term in office, China is bracing for unpredictability in its ties with the United States