International Financial News

External Affairs Minister S Jaishankar on Saturday highlighted India's readiness to collaborate with like-minded partners on focused agendas, citing the Quad as a prime example. Jaishankar made these remarks as he addressed the FPCI Global Town Hall 2024. Jaishankar also shared a post on X and wrote, «Addressing the @fpcindo Global Townhall 2024 session on 'Anticipating Greater Geopolitical Turbulence Ahead, and Finding Ways to Calm the Storm.'

intelligence agencies said Saturday that Ukraine's surprise incursion into Russia is a significant achievement that could change the narrative of the grinding 2 1/2-year war. Richard Moore, the head of MI6, said Kyiv's surprise move in August to seize territory in Russia's Kursk region was «typically audacious and bold on the part of the Ukrainians, to try and change the game». He said the offensive had «brought the war home to ordinary Russians». Speaking alongside Moore at a rare public event in London, CIA Director William Burns said the offensive was a «significant achievement» that had exposed vulnerabilities in the Russian military. Burns also warned of the growing and «troubling» defence relationship between Russia, China, Iran and North Korea that he said threatens both Ukraine and Western allies in the Middle East. North Korea has sent ammunition and missiles to Russia to use against Ukraine, while Iran supplies Moscow with attack drones.

Journal Of Applied Physiologytitled Use Of Intramuscular Triacylglycerol As A Substrate Source During Exercise In Humans.The paper suggests that most of the fat burnt while working out in a fasted state is intramuscular fat and not the subcutaneous fat around the belly. Then there is the risk of muscle breakdown if you attempt strength training in a fasted state.

Vedanta, BEML and HUDCO among a host of other companies are likely to remain in focus next week as they are approaching their record dates for the purpose of dividend, bonus issues, rights issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.

Bangladesh must strive to keep its success story going While Bangladesh is yet to make a formal request, and India’s external affairs ministry has dismissed it as hypothetical, the issue still calls for strategic thinking in the diplomatic and foreign policy establishment. So, what are India’s options? While it may want to stand up for its long-time friend Sheikh Hasina, politics is driven by rationality and prudence, not emotions. In realpolitik, national interests trump personality-based politics.

Indian IPO market is witnessing an unprecedented boom, with a strong surge in new issues this year. Next week, the momentum is set to peak with as many as 13 IPOs scheduled to hit the market, marking one of the largest clusters of offerings in a single week. Analysts said this flurry of activity reflects growing investor confidence and signals a vibrant capital-raising environment, underscoring India's robust economic fundamentals.

India is projected to become a USD $5 trillion economy by 2047. This growth is expected to be driven by a few major factors, key amongst which is a stronger, more robust, streamlined, organised, and efficient logistics and transport infrastructure. The recently announced Union Budget and the broader Amrit Kaal 2047 vision — the government’s active effort to make India an export-led, aatmanirbhar economy — all seek to lay a strong foundation for an organised logistics sector in India. Why? Because the logistics sector, one way or another, will be a significant economic driver for the country in coming years. Consider this: India’s current contribution to global exports stands below 2%. By undertaking strategic capacity building for the logistics sector, the government can, not just boost the economy in the short and medium terms but also supercharge long-term development and economic activity with a massive headroom for growth. Increasing the country’s participation in international value chains through a more organised logistics sector has, therefore, emerged as a clear policy priority — and key players in the space can contribute significantly to this nation building project.

₹10,000 crore earlier this year, prompting an international travel body to caution that India's complex tax laws may spark an exodus by foreign operators. On Monday, the Goods and Services Tax (GST) Council will take up the issue, along with proposals to provide tax relief for certain helicopter services, work related to software exporters such as Infosys Ltd, and core research by private enterprises, two people aware of the development said.

Boeing's Starliner spacecraft landed uncrewed in New Mexico late Friday, concluding a three-month test mission marked by technical issues that have delayed the return of NASA astronauts Butch Wilmore and Suni Williams. The astronauts, who flew to the International Space Station (ISS) in June aboard Starliner, had to remain in space after NASA deemed the spacecraft's maneuvering thrusters too risky for crewed return. Starliner autonomously undocked from the ISS at 6:04 p.m. ET on Friday, starting a six-hour journey back to Earth using maneuvering thrusters. NASA had determined the thrusters were too risky for a crew, prompting the decision to keep Wilmore and Williams on the ISS. Despite these concerns, Starliner returned to Earth smoothly, as shown in a NASA live stream, successfully completing the critical final phase of its mission. The spacecraft reentered Earth's atmosphere at around 11 p.m. ET, traveling at speeds of approximately 17,000 miles (27,400 km) per hour. About 45 minutes later, it deployed a series of parachutes to slow its descent and inflated airbags just before landing at the White Sands Space Harbor in New Mexico.

Bina Modi has been reappointed as managing director of Godfrey Phillips India as she got the required 75% of the company's shareholders to vote in her favour at the culmination of the company's annual general meeting on Friday, as per a stock exchange disclosure. The widow of KK Modi will turn 80 next week and is locked in a boardroom battle with her sons Samir and Lalit Modi, who are contesting her control over a family trust that they want dissolved.

Boeing’s Starliner spacecraft was set to return to Earth, marking the end of a 14-year mission fraught with challenges. The uncrewed spacecraft was due to perform a crucial deorbit burn at 11:17 p.m. EDT, aiming for a landing at the White Sands Space Harbor in New Mexico shortly after midnight. The landing test would evaluate Starliner’s heat shield and a newly redesigned parachute system. Boeing's Starliner mission, a pivotal endeavor that started 14 years ago, is now reaching its critical phases as it makes its return journey to Earth. The spacecraft’s deorbit burn is a key maneuver needed to slow it enough for gravity to pull it back to the planet, targeting a safe landing at the vast, flat expanse of White Sands Space Harbor. The success of the landing will depend heavily on the deployment of its parachutes, followed by airbags to ensure a soft touchdown, expected around 12:03 a.m. EDT on September 7. NASA astronauts currently aboard the International Space Station (ISS) have been vocal in their support for the mission control team. Sunita Williams and Butch Wilmore offered encouraging words as Starliner prepared to undock and return home.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Coca-Cola is «segmenting India in clusters as there will be parts of the country that will accelerate that growth and capability faster than others», Henrique Braun, global EVP and president, international development at Coca-Cola, said at Barclays' Global Consumer Staples conference late Thursday. «We are segmenting the country in clusters and we truly believe that there will be parts of India that will accelerate that growth and that capability in a faster way than others. That's how we're going to start benchmarking internally,» he said. Large consumer products makers including Unilever, Nestle and Godrej Consumer Products have echoed similar views on the India market, which has been showing sharply divergent demand recovery trends, or a K-shaped recovery with uneven growth patterns post the Covid-19 pandemic.

India is set to host the crown prince of Abu Dhabi, Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, early next week as it seeks to cultivate the next generation leadership in the key Gulf state. Sheikh Khaled, the eldest son of UAE President Sheikh Mohammed bin Zayed, has been groomed for leadership through his membership of the Abu Dhabi Executive Council and the main national security body since 2016. In 2016, he was appointed head of national security. In January 2017, he was named the deputy national security adviser. In March 2023, he was appointed as the crown prince of Abu Dhabi, which holds the president's post since the creation of the UAE.

Foreign business chambers have been warning for weeks that a proposed, sweeping overhaul of Mexico’s judiciary that would make judges stand for election, would endanger foreign investment in Mexico

Boeing's beleaguered astronaut capsule is set to depart the International Space Station on Friday without its crew

Boeing Starliner spacecraft is set to make its journey back to Earth from the International Space Station (ISS) this Friday. The uncrewed capsule will depart from the ISS, leaving behind its crew members, NASA astronauts Suni Williams and Butch Wilmore, who will continue their mission on the orbital outpost. Despite the spacecraft's earlier technical challenges, both NASA and Boeing express confidence in a successful return, although not confident enough to have the astronauts onboard for this particular trip. Steve Stich, NASA's commercial crew program manager, conveyed optimism during a recent briefing, stating, “We have confidence in the vehicle. It’s been a journey to get here, and we’re excited to have Starliner undock and return”, as quoted in a report by USA Today.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

capital on Friday, according to the All India Sarafa Association. In the previous session, the precious metal of 99.9 per cent purity had ended at Rs 74,100 per 10 gram. The silver metal had ended higher at Rs 84,600 per kilogram in the previous session on Thursday.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...