International Financial News

DXY is significantly influenced by the economic and fiscal policies proposed by the U.S. administration. With Donald Trump and Kamala Harris outlining distinct policy paths, the DXY could experience notable fluctuations, which in turn would directly affect the Indian rupee and stock markets.

Having spent almost a decade as a UK equity fund manager at Fidelity, Himsworth said «it is refreshing to return to the area, which is clearly thriving and somewhere that I genuinely see as home, and a region that I personally want to succeed». The former manager of the £358m Fidelity UK Opportunities fund joins as an investment manager following 30 years of experience within financial services including stints at Royal London Asset Management and Gartmore.  Fidelity International fund manager Himsworth departs after almost a decade McInroy & Wood's CEO Tim Wood said: «We are fortu...

Pieter Elbers, CEO, IndiGo, says the growth is pretty much what was expected and follows the usual seasonal trends. After the big jump after COVID, things are settling back into a more typical seasonal rhythm, similar to what we experienced in the Indian market before COVID, but with a lot more travelers, which is great for revenue. On the cost side, IndiGo faced a peak in AOGs due to global supply chain problems and some engine issues we've encountered, which has resulted in extra costs. IndiGo has been consistently beating market estimates. But for the quarter gone by, the story seems to be different. There is a drop in margin. This is one of the slowest quarterly growth you have reported in 12 quarters. What has led to this decline? Was it traffic? Was it an issue with aircraft? Could you just share more light on that? Pieter Elbers: Let me take a step back and see how India has basically recovered in terms of traffic post COVID.

Subscribe to enjoy similar stories. The recent Brics summit in Kazan, Russia, has generated its usual share of criticism and praise. Reactions have ranged from disapproval of such a disparate grouping of nations based on the whimsy of a banker to the outright condemnation that such a diverse bunch should harbour any delusions of meaningful utility.

Subscribe to enjoy similar stories. The 40th anniversary of the assassination of Indira Gandhi falls on 31 October. Despite numerous controversies, Indira is still remembered and will continue to be.

Subscribe to enjoy similar stories. InsuranceDekho, backed by TVS Capital Funds and Investcorp, is in advanced talks to merge with smaller peer RenewBuy in a cash-and-stock deal, according to two people familiar with the matter, in a transaction that will create India’s second-largest insurance aggregator. The deal will create India’s largest insurance marketplace by value after PolicyBazaar, which went public in 2021, the people cited above said, asking to remain anonymous.

British chef Jamie Oliver is on the case of the stolen cheddar

foreign portfolio investors (FPIs) betting on India, have asked the Reserve Bank of India (RBI) to consider a tweak in the rule to facilitate same-day settlement of stock trades, better known as T-plus-zero (or, T+0). They want the banking regulator to enable FPIs to have a mechanism where funds can be organised from banks during the day to buy shares and squared off in evening-an arrangement that would be handy once the shorter settlement cycle of T+0 is extended for institutional trades. In the T+0 cycle, the buyer gets the shares and the seller receives the money on the same day the trade happens. Indications are that the market regulator Securities & Exchange Board of India (Sebi), wants custodian institutions to be ready for T+0 settlement for FPI and other institutional trades by end December or early January as the Sebi chairperson is believed to be keen on executing this before her term ends in February 2025, two industry persons told ET.

Hamas leader Yahya Sinwar has ignited debate over who could govern war-ravaged Gaza as Israel presses its war in the Palestinian territory, vowing to eliminate the militants. Palestinians insist Gaza's future should be theirs to decide, rejecting any foreign intervention. But many in the international community are signalling a readiness to shape the territory's post-war future, even as a ceasefire remains elusive.

Subscribe to enjoy similar stories. The National Financial Reporting Authority’s (NFRA) board will soon consider enforcing tighter norms for statutory audits of conglomerates, two people aware of the development said, a move that has received support from some of the top audit and consulting firms.

Vice President of India Jagdeep Dhankhar the North East India is now centre stage in our national story. In the last 10 years, the central government has invested 3.37 lakh crore rupees in this area The Vice-President said, “The North East is now centre stage in our national story”, emphasizing the growing prominence of the North East region in India’s national narrative. He remarked, “We are seeing a phase of Purvodaya that was never imagined, even by the people of this land.” Dhankhar emphasized that the transformation of the North-East is a testament to the spirit of inclusion driving India’s progress. “For decades, this region faced challenges relating to development and connectivity, but today it has become a true priority,” he observed, reflecting on how the region’s development is advancing rapidly each day.

Subscribe to enjoy similar stories. WASHINGTON—Two weeks before Israeli warplanes struck Iran Saturday morning, President Biden and Israeli Prime Minister Benjamin Netanyahu agreed on the parameters of the attack in a half-hour phone call, their first in almost two months. After mounting worry that Israel might strike Iran’s oil infrastructure or even nuclear installations, the Israeli leader set his sights on military targets—to the relief of American officials.

Amit Shah said on Sunday that infiltration at Indo-Bangladesh border will stop completely if BJP comes to power in the state in 2026. Lashing out at the Trinamool Congress-led government over corruption, Shah said the funds sent by the Modi government are routed to corrupt Trinamool leaders. “Mamata Didi talks about injustice in MGNREGA. You (Mamata) were part of UPA. But now in the NDA regime, Modi, in the last ten years, has sent Rs 56,000crore for NREGA. When Modi sends money, it goes to corrupt TMC leaders. Where does this money go? Did the money go to people or Trinamool Congress.” Shah hit out at INDIA Alliance as well during his speech. He also assured that “Achhe Din” will come to Bengal after counting of 2026 assembly polls is completed and BJP comes to power. “Peace will come once infiltration stops. Partnership with neighbouring countries like Nepal, Bangladesh, Myanmar in terms of business and cultural aspects will be enhanced. In terms of progress, several initiatives can be possible,” Shah said as he inaugurated the Passenger Terminal Building and Maitri Dwar at Land Port in Bengal's Petrapole today.

American Airlines is testing a new technology at three airports across the country during the boarding process that aims to cut down on passengers who try to jump the line

The global push for biomass that can be burned for energy is causing concern about the price Indonesia's forests are paying

Perhaps a glass cabin in Oregon is an enticing proposition? Maybe a remote lodge in Madagascar? What about a private beachfront penthouse in Sharm El Sheikh? Whichever you choose, these new or upgraded hotels put a new spin on locations that aren’t just free of crowds but also offer a more intimate, memorable glimpse of their destinations.

Nirmala Sitharaman urged the G7 and G20 nations to intensify their support for the African countries and highlighted India's commitment to the continent, particularly in areas such as infrastructure development and healthcare. The Finance Minister participated in the G7 African Ministerial Roundtable on Saturday (local time), the Ministry of Finance stated. During her address at the meet on the sidelines of the Annual Meetings 2024, Sitharaman highlighted the «deep-rooted partnership between India and Africa, which has been redefined by Prime Minister Narendra Modi through 10 guiding principles» that aim to support Africa's growth by focusing on capacity-building, enhancing public services, and addressing climate change, the Ministry added.

Thieves with a nose for fine cheese have pulled off a massive cheddar ripoff in London

Olaf Scholz on Saturday said borders should not be changed by «war or force», and Russia's invasion of Ukraine poses the biggest threat to international peace today as «it is about changing borders». Inviolability of national borders is the basis for peace, he said, interacting with the students of Birla Institute of Technology And Science (BITS) Pilani at Vasco during a visit to Goa during which he also visited the German Naval ship FGS Baden-Wurttemberg docked at Mormugao Port. The chancellor, on a three-day visit to India, referred to the ongoing Russia-Ukraine war while replying to a question.

CRPF) have been promoted this month as part of a «special drive» conducted by the paramilitary force to lift the morale of its personnel who render hard duties in various internal security theatres of the country. A senior officer of the force told PTI on Saturday that those promoted include personnel in the ranks of constables, head constables, assistant sub-inspectors and sub-inspectors working as barbers, band players, carpenters, motor mechanics, drivers, cooks and those in the general combat duty cadres. The officer said a total of 4,959 personnel have been promoted as part of a special drive conducted in the force in October on the directions of the Central Reserve Police Force (CRPF) director general. Till now, these personnel were promoted after an «approved list» was prepared at the force headquarters level once a staffer passed the annual health and fitness test and had a clear service record from the vigilance point of view, he said.

Taiwan is making a longshot push to join the International Monetary Fund