International Financial News

Death and taxes, the saying goes, are the only certainties in life

industrial development, with the National Industrial Corridor Development Programme (NICDP) playing a critical role. Aligned with the vision of a «Viksit Bharat,» this ambitious initiative aims to establish a grand necklace of industrial smart cities along the backbone of the Golden Quadrilateral.

U.S. health inspectors are still struggling to address a massive backlog of pharmaceutical plants that went uninspected during disruptions caused by COVID-19

KEC International Ltd.(up 5.98%), Ravindra Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), NLC India Ltd.(up 3.26%), Suzlon Energy Ltd.(up 2.49%), JSW Energy Ltd.(up 2.29%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), PTC India Ltd.(up 1.42%), Transformers & Rectifiers(India)Ltd.(up 1.23%) and GE T&D India Ltd.(up 1.22%) stood among the top gainers.

Hilltower Resource Advisors CEO and chief market strategist Tracy Shuchart discusses whether gold or crypto could replace the U.S. dollar as the global reserve currency on Making Money.

Noida Authority’s proposal of amendments to the building by-laws, aiming to increase the Floor Area Ratio (FAR) will help in the growth of both commercial and residential segments, real estate developers said. “It will enable the construction of more units within the same land area. This will further lead to a higher supply without any horizontal expansion, keeping property prices under check while using existing infrastructure better to create a greater number of units,” said Manoj Gaur, President, CREDAI-NCR. The changes are part of the Noida Master Plan-2031 and once approved, it will boost revenue for the authority as well.

Radisson Hotel Group on Thursday expanded its presence in Himachal Pradesh by signing Glenview Resort in Kasauli. The new addition takes the group’s tally to 10 hotels in the state, said the hospitality company in a press release. The hotel is set to open in Q4 2024 and will be equipped with several range of rooms including king rooms, twin rooms, and suites. It will have a ballroom, an outdoor event space, and two meeting rooms for occasions and business gatherings. It will also feature a swimming pool, a gym and a spa. Dining options will include an all-day restaurant, a rooftop restaurant, and a bar. “We are thrilled to announce the signing of Glenview Resort Kasauli, a member of Radisson Individuals which significantly solidifies our presence in Himachal Pradesh. Radisson Individuals helps us strategically add independent hotels to our portfolio while keeping their unique charm,” said Nikhil Sharma, Managing Director and Area Senior Vice President — South Asia, Radisson Hotel Group.

A top Kremlin official says Turkey has formally applied for a membership in the BRICS bloc of developing economies as Russia and China seek to counter the West's global influence

On the occassion of the first International solar festival, Modi explained the importance of transitioning to using solar energy in the current world. Currently on a state visit to Singapore, the Prime Minister said that India is expanding its horizons in the field of solar power, and highlighted the three factors that make solar energy a sustainable solution: awareness, affordability and availability.

Dozens of African leaders have descended on Beijing for a summit that signals China’s influence in a continent that it hopes will be a key ally in pushing back against a U.S.-led global order

Chinese families are increasingly flocking to Thailand for the country's quality international schools and relaxed lifestyle

In this week so far, the prices of gold have traded flat, tumbling by merely Rs 127 while silver has fallen by nearly Rs 1,500 per kilogram.

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),...

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),...

RecommerceX, a chemical recycling and sustainability startup, has raised $3.6 million in a funding round led by venture capital firm Accel and Kae Capital. The funds will be used for expanding the team, developing its technology platform, investing in R&D for advanced material recovery, and scaling business operations in India and other international markets. According to founder and chief executive Shobhit Goel, this space is highly unorganised, with no major players managing these categories.

The chief executive officer of Kroger has insisted that merging with rival Albertsons would allow the two supermarket companies to lower prices and more effectively compete with retail giants like Walmart and Amazon

Mint shows that the depreciation rate—the rate at which a product loses value—of electric vehicles entering the used-car market is slowing down, with some models holding onto their value better than expected. The Tata Nexon EV, a popular choice among Indian consumers, has seen its depreciation rate drop significantly—from about 51% in 2020 to 26% in 2023, according to data sourced from auto intelligence firm JATO Dynamics. The Nexon EV is Tata's first electric car, and was launched only in 2020, which means the resale market for these vehicles, compared to the legacy internal combustion engine (ICE) vehicles, is relatively nascent.

JSW Neo Energy and Oil & Natural Gas Corp are the last two left in the fray to acquire Ayana Renewable Power, a green energy company controlled by National Investment & Infrastructure Fund (NIIF), said people directly aware of the matter. The two companies were among the four shortlisted in April to conduct due diligence after multiple parties submitted non-binding offers for the renewable power company. The revised term sheets were submitted last week. The offers peg Ayana’s enterprise value between $1.6 billion and $1.8 billion, the people said. Uncompetitive Offers Enterprise value includes debt and liquid assets. Bids of Sembcorp and Macquarie, the other two shortlisted companies, were deemed lowball and thereby uncompetitive. Ayana Renewable Power’s ownership is split three-way, with government-anchored NIIF as the dominant shareholder (51% stake). British International Investment (32%) and Eversource Capital (17%) are the other shareholders.

A dismissed town mayor who fled the Philippines after being accused of helping establish an illegal online gaming and scam center catering to clients in China has been arrested near Indonesia’s capital

The Apprentice" is all set to have its premiere at the Toronto International Film Festival (TIFF) 2024. The movie will also have a wide release at theatres across the US ahead of the November 5 Presidential elections 2024. «The Apprentice» will have its premiere at TIFF at 7 pm (local time) at the Bell Lightbox on Thursday, September 5, as per a report on Deadline. «The Apprentice» will also be released across more than 2000 theatres in the US on October 11, Deadline reported.

Carmaker Volvo has backed away from its pledge to stop selling cars with internal combustion motors by 2030, saying slow rollout of places to charge up and withdrawal of purchase incentives will leave room for a few cars that still need fossil fuels