International Financial News

Johnny Depp and Penélope Cruz will star together in Lionsgate’s upcoming film Day Drinker, an action thriller directed by Marc Webb. This project will bring the actors back to the big screen together.

House of Hiranandani is looking to invest over Rs 12,500 crore to strengthen its development portfolio by around 10 million sq ft through a blend of acquisitions and greenfield projects to deepen its presence in Mumbai Metropolitan Region (MMR) in the next two years, said top officials of the company. With a luxury residential development pipeline of over 7.3 million sq ft, the company is aiming to capitalise on the region’s infrastructure growth backed by government initiatives coupled with rising demand for premium residential and commercial properties. The investment will flow into greenfield residential projects spread over 4.7 million sq ft and redevelopment projects of 2.6 million sq ft across various locations in the Mumbai region.

Honeywell Automation India reported a 5.6% fall in its second-quarter profit on Tuesday, hurt by slowing demand. The Indian arm of U.S. conglomerate Honeywell International said its profit fell to 1.15 billion rupees ($13.7 million) for the three months ending Sept. 30 from 1.22 billion rupees a year ago. Honeywell Automation India provides building automation solutions to industrial clients and designs emission-curbing and energy transition products. Growth in India's manufacturing industry cooled in August and September, according to a business survey. Analysts have said that Indian exporters are bearing the brunt of increased shipping costs due to the Red Sea crisis.

Marico Ltd, which beat estimates in Q2, flagged concerns regarding food price hikes and retail inflation on Tuesday in its Q2 exchange filing. The homegrown FMCG further noted that these concerns will be monitored in the near term. However, the company expects encouraging demand trends owing to above-normal monsoon season, the Centre's budgetary allocations towards boosting the rural economy and upcoming festive season. «Amidst the backdrop of improving macro-indicators, we expect a gradual uptick in the growth of our core categories in the domestic business through the ongoing initiatives to enhance the profitability of our General Trade (GT) channel partners and transformative expansion in our direct reach footprint under Project SETU,» it said in its filing.

Subscribe to enjoy similar stories. NEW DELHI : For Indians, shopping for gold on Dhanteras symbolizes fortune and prosperity. Tradition aside, the yellow metal is also a good long-term investment option.

Subscribe to enjoy similar stories. The world needs an effective International Monetary Fund (IMF). Countries have become hugely indebted after the covid pandemic, and the risk of new shocks grows as the world warms and new pathogens emerge.

It is not only the short-term returns that look impressive, but even the long-term returns from the yellow metal are mostly in the double digits. Such a strong performance will influence many more to invest in the yellow metal around Diwali. Historically, gold has seen multiple price corrections and stagnation for many years. So a good performance in the recent past offers no guarantee of higher returns. If you are planning to invest in gold, you must weigh your options and understand if the prices will continue to rise.

Lonely Planet reveals its top 10 must-visit destinations for 2025. The travel publishing giant’s list is spread over cities, countries and regions, with Puducherry in India, Osaka in Japan and Edmonton in Canada all making the cut as urban hot spots. Puducherry (formerly known as Pondicherry) is reimagining itself as “a top destination for sand and surf, with an extensive project that’s reclaiming the beaches that eroded into the sea,” Nitya Chambers, Lonely Planet’s SVP, content and executive editor, told CNN.

Subscribe to enjoy similar stories. Tucked away in the far northwest of Italy is a city where chocolate reigns. The residents of Turin have been creating—and consuming—chocolate since the 16th century, culminating in a vibrant chocolate scene that now encompasses gourmet chocolatiers, pastry shops, cafes, gelato makers and experimental chefs.

Edu-wealth startup Zinc, founded by former PayU Credit chief executive and PaySense founder Prashanth Ranganathan has raised $25.5 million in seed funding. The round was led by Nexus Venture Partners, with participation from Quona Capital, EDBI, Global Ventures, and Saison Capital. The Singapore-headquartered company plans to use the funds to drive product innovation, expand its offerings and secure key financial licences to help families save and invest for their children's global education.

The Washington Post has reportedly lost more than 200,000 subscribers following a decision announced last week not to endorse a candidate in the presidential race

Brazil's environmental agency levied $64 million in fines against 23 meatpacking and their suppliers companies for buying and selling cattle raised illegally on deforested land in the Amazon

Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared

flights per week flight movements this winter despite rising travel demand. Chhatrapati Shivaji Maharaj International Airport (CSMIA) is all set to provide an extensive network of travel options for its passengers with 3,372 weekly flights--2,361 weekly domestic and 1,011 weekly international flights-- for the winter schedule 2024, the private airport operator said. Significantly, as per the winter schedule for the Indian Airlines announced by the Directorate General of Civil Aviation (DGCA) earlier this month, the Indian airlines will operate 25,007 flights every week to and from 124 airports, which is 5.37 per cent more compared to the winter schedule of 2023. The winter schedule this year started from October 27, 2024 and will continue till March 29, 2025.

Bharti Airtel will decouple its Direct-to-home (DTH) business from the converged entertainment category, creating two new verticals — Connected Homes (which includes Broadband and Converged Entertainment) and DTH. Siddharth Sharma, currently CEO of DTH, will be appointed Director Marketing and CEO of Connected Homes.

Subscribe to enjoy similar stories. Treasury Secretary Janet Yellen warned that the West Bank’s economy could collapse if Israel doesn’t preserve its banking relationship with Palestinian financial institutions in the territory it occupies, highlighting another potential source of instability as Israel also fights foes in Gaza, Lebanon and Iran. In a letter to Prime Minister Benjamin Netanyahu, Yellen and several of her global counterparts urged the Israeli leader’s government to approve a waiver that would continue to allow Palestinian and Israeli banks to correspond.

Boeing is looking to raise up to approximately $19 billion in a stock offering as the aerospace giant, which is dealing with a contentious strike, faces liquidity issues and tries to raise cash

scheduled caste. The commission will be headed by a retired High Court judge. The commission will gather empirical data and make its recommendation on the subject to the government, Law & Parliamentary Affairs Minister HK Patil told the media. The government will ask the commission to give its report in three months, he said, adding that all government recruitments would be put on hold pending the government decision on internal quotas.

Subscribe to enjoy similar stories. Israel’s airstrikes early Saturday didn’t just destroy critical Iranian military infrastructure. They also battered the reputation of Russian military equipment, which has already been pummeled by poor performance during Moscow’s invasion of Ukraine.

Subscribe to enjoy similar stories. Although the US dollar remains the world’s dominant currency, many countries are diversifying their currency reserves to reduce over-reliance on it, mitigate risks associated with changes in US monetary policy and lessen the impact of global economic shocks. Reduced reliance on the dollar in financial transactions is clear in the decline of dollar-denominated deposits and loans, and the dollar’s share in global foreign exchange reserves.

top seven cities underscoring the sustained appeal of prime locations to retailers led by rising consumption and is expected to continue the momentum until the end of this calendar year. Gross leasing of retail spaces across these cities, including Mumbai, Delhi NCR, Bengaluru, Kolkata, Chennai, Pune, and Hyderabad is projected to exceed 6.5 — 7 million sq ft by the end of 2024 after topping 5.3 million sq ft in the first three quarters ending September, showed a JLL India study. “Despite limited new retail space additions of slightly over 1 million sq. ft, the top seven cities’ robust gross leasing activity indicates retailers' strong appetite for prime retail locations. Fashion and apparel remained the top category with a 37% share, followed by food & beverage and entertainment at 18% and 12% respectively,” said Samantak Das, Chief Economist and Head of Research & REIS, India, JLL.