International Financial News

These Indian Warren Buffetts are the ones who are known widely for their value investing approach and long-term vision. When they pick stocks, it sends the investor circles and Whatsapp groups in an overclocking mode. So, it makes sense to know about the stocks these Indian Warren Buffets are betting big on, especially now that the Sensex is continuing its bullish run.

ET Intelligence Group: Jharkhand-based Kross, a manufacturer of components for commercial vehicles, plans to raise ₹500 crore through an initial public offering. The IPO comprises a fresh issue of ₹250 crore with the proceeds to be used for capacity expansion and loan repayment and an equal amount of shares offered for sale by the promoter. Following the IPO, the promoter's stake will decrease to 68% from 100%.

Tom Hiddleston recently spoke with Collider’s Perri Nemiroff at the Toronto International Film Festival about his role in the upcoming film The Life of Chuck. The actor also discussed his iconic role as Loki in the Marvel Cinematic Universe (MCU).

Singapore will start construction of a new mega terminal at Changi Airport in the first half of next year, aiming to lift the aviation hub's annual passenger handling capacity by more than half, Prime Minister Lawrence Wong said. The new Terminal 5 would add capacity for another 50 million passengers a year when operational in the mid-2030s, up from 90 million, and would allow the aviation hub serve more than 200 destinations, from almost 150 now. «We will break ground for the construction of T5 in the first half of next year,» Wong said at a dinner on Friday celebrating the 40th anniversary of the nation's civil aviation authority.

Boeing and its largest union are entering the last week of contract negotiations before a threatened strike by more than 30,000 workers

Boeing has a tentative agreement with its largest union on a new contract for factory workers that could avoid a threatened strike

IndiGo plans to significantly expand its international reach and enhance its cargo operations in the coming years as part of a broader strategy to position India's largest airline as a leading global airline by 2030, chief executive Pieter Elbers said. Speaking exclusively to ET, Elbers said the airline plans to grow its international destinations to 40 from 20 by the end of the current financial year through March 2025, targeting emerging markets that are not yet well-travelled by Indian passengers. He did not comment on specific destinations, but sources suggest that new routes could include Mauritius and Al Ain.

CRPF is moving in four battalions comprising more than 4,000 personnel in the worst Naxal-violence affected areas of Bastar in Chhattisgarh as part of a strategy to launch a «decisive battle» to match the Union government's latest resolve of ending the Maoist problem by March 2026. Union Home Minister Amit Shah, while declaring this deadline in the Chhattisgarh capital of Raipur last month, emphasised that a «strong and ruthless» plan of action was required to rid the country of Left Wing Extremism (LWE) — once termed the country's biggest internal security threat. Official sources said the Central Reserve Police Force (CRPF) — the lead internal security and anti-Naxal operations force in the country — withdrew three battalions from Jharkhand and one from Bihar for deployment in the Bastar region, about 450-500 kilometres south of Raipur. It was felt that the Naxal violence situation in these two states had improved and incidents were negligible. Hence, these battalions can be better utilised in Chhattisgarh, where the anti-Naxal operations are now concentrated, they said.

₹4.57 crore) investment is required to be eligible for Golden Visa. “Golden Visas are valid for 10 years and can be renewed thereafter. Once the requirements have been fulfilled, pending initial approval of the application, the successful applicant receives a six-month multiple-entry visa and travels to the UAE (United Arab Emirates) to apply for an ID card and undergo a medical check," explained Rohit Bhardwaj, country head – India and director private clients at Henley & Partners.

Rahul Gandhi, arrived in Dallas, Texas, on Sunday for his three-day US visit starting today. The Congress MP was welcomed at the airport by Sam Pitroda, Chairman of the Indian Overseas Congress, and members of the Indian diaspora. Rahul Gandhi expressed his anticipation for engaging in meaningful discussions to strengthen the bond between the two nations. He was greeted with bouquets and performed aarti upon his arrival in the US.

Navdeep Singh made history by winning gold in a surprising twist at the Paris Paralympics. Originally awarded silver in the men's javelin throw F41 final, his medal was upgraded after Iran’s Beit Sayah Sadegh was disqualified due to unsporting behaviour. This victory is monumental, marking India’s first-ever gold in the F41 category of the event.

International Solar Alliance (ISA) announced the winners of the SolarX Startup Challenge 2024: APAC edition during the International Solar Festival held at the Bharat Mandapam in New Delhi. Building on the success of the Africa edition, which attracted 182 applications from 28 countries and produced 20 winning companies, including seven women-led ventures, the APAC edition continues this momentum by addressing the unique energy needs and opportunities within this diverse region. The SolarX Startup Challenge is designed to develop scalable and replicable business models that accelerate global energy transitions. The APAC edition, which also included a dedicated segment for India, highlighted ways to enhance solar deployment through localised solutions and entrepreneurial efforts across the Asia-Pacific. Ajay Mathur, Director General, ISA said in a statement, «This challenge emphasises our focus on developing scalable solutions tailored to the diverse energy needs of this dynamic region.»

Hezbollah fighters in Lebanon and Israeli forces traded cross-border attacks, both sides said early Sunday, a day after the Lebanese health ministry reported three rescuers killed in an Israeli attack. The Iran-backed Lebanese movement has exchanged near-daily fire with Israeli forces in support of ally Hamas since the Palestinian militant group's October 7 attack on Israel triggered the war in the Gaza Strip, with repeated escalations during 11 months of the cross-border violence. Hezbollah said it had bombarded the northern Israeli town of «Kiryat Shmona with a volley of Falaq rockets» early Sunday «in response to the enemy attacks… and particularly the attack» that killed the emergency workers in the Lebanese village of Froun.

A group representing almost 100 of Canada’s universities is warning the impact from the federal government’s cap on international students will be “far greater” than what Ottawa aimed for.

Mining raw materials, like nickel, for batteries harms the environment, and new mines are very difficult to get approved, so the search is on to recycle metals that have already come out of the earth

Greece’s prime minister says he will not allow excessive spending to derail the country’s recovery from the lengthy financial crisis that required an unprecedented infusion of funds from its creditors

Pakistan is teetering on the brink of bankruptcy, it has got new hope. It has reportedly found a substantial deposit of petroleum and natural gas in its territorial waters. It's said to be so large that it can change the country's destiny. DawnNewsTV has reported that a three-year survey was undertaken in collaboration with a friendly country to verify the presence of the oil and gas reserves. Pakistan has been struggling with mounting debt and rising inflation for quite some time and has been depending substantially on foreign aid, which is often elusive. To make matters worse, political instability and rising terrorism in some provinces only add to Pakistan's economic plight. Can the new discovery save Pakistan? The news of the discovery of oil and gas reserves sure offers hope to Pakistan, but that hope lies buried at the bottom of the sea. It can't help Pakistan tide over its economic crisis in the near future.

open dialogue and warmheartedness. «There exist few problems, not many, between Nepal and India, and they can be resolved, if we maintain warm heart and open dialogue,» Oli said here at the launch of former administrator Surya Nath Upadhyay's book titled 'International Watercourses Law: A Perspective on Nepal-India Cooperation'. «India is our friendly neighbour and Nepal and India have rich cultures so we should have an open dialogue. The blame cannot be merely imposed on the geopolitical situation for our inability to speak openly. We should not be involved in any game meant for gaining and sustaining power,» Oli said. «Earlier, foreign relations were maintained and dominated by the country's strengths. After the IInd World War, a country should present its national interests reasonably and justifiably in line with international treaties and agreements.»

Jaishankar will on Sunday embark on a six-day visit to Saudi Arabia, Germany and Switzerland with a larger aim to boost overall bilateral ties and deliberate on pressing regional and global challenges. He will first travel to the Saudi capital Riyadh on a two-day trip primarily to attend the first India-Gulf Cooperation Council (GCC) foreign ministers' meeting, according to the Ministry of External Affairs (MEA). The GCC is an influential grouping comprising the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait. The total volume of India's trade with GCC countries stood at USD 184.46 billion in the financial year 2022-23. In Riyadh, Jaishankar is also expected to hold bilateral meetings with foreign ministers of several GCC member countries.

Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits President Nayib Bukele's decision to bank on bitcoin three years ago with changing his life. «Before I was unemployed… and now I have my own business,» said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company.

Ukraine's foreign ministry said on Saturday it was deeply concerned by reports about a possible impending transfer of Iranian ballistic missiles to Russia. In a statement emailed to reporters, the ministry said the deepening military co-operation between Tehran and Moscow was a threat to Ukraine, Europe and the Middle East, and called on the international community to increase pressure on Iran and Russia. CNN and the Wall Street Journal reported on Friday that Iran had transferred short-range ballistic missiles to Russia, citing unidentified sources.