International Financial News

Champions Trophy 2025, scheduled to be hosted by Pakistan, has stirred discussions in the cricketing world, especially regarding India's potential participation. Despite being chosen as hosts, Pakistan faces challenges due to the ongoing political tension between the two nations, which has hindered any bilateral cricketing series since 2013.

IndiGo flight from Jabalpur in Madhya Pradesh to Hyderabad in Telangana was diverted on Sunday to Nagpur following a bomb threat. In a statement, IndiGo said its flight 6E-7308, scheduled from Jabalpur to Hyderabad, got diverted to Nagpur International Airport on Sunday morning due to a bomb threat message on board the aircraft. «Upon landing, all passengers were disembarked, and mandatory security checks were promptly initiated. Passengers were provided with assistance and refreshments,» the statement added.

Joaquin Phoenix in Arthur Fleck/Joker and Lady Gaga. Directed by Todd Phillips, the film, which is a sequel to Oscars winning film of 2019, will premiere at Venice Film Festival 2024. No matter which side of the “Joker” discourse you were on five years ago, the fact that all involved would bring the sequel back to Venice to play in competition is promising. “Joker: Folie à Deux” doesn’t need the festival buzz, after all. The first film made over $1 billion and was nominated for 11 Oscars. "Joker: Folie à Deux" will premiere on September 4 at Venice Film Festival. The film will be released in theaters across the US on October 4, 2024, and international markets on October 2, 2024.

muscatel flavour for which Darjeeling tea is known worldwide has been missing this year due to erratic weather conditions. Tea planters and traders said that Indian consumers are drinking Darjeeling tea which is being sold with muscatel flavour even though there is hardly any presence of the unique flavour in them. In the international markets prices of Darjeeling tea have fallen by up to 50 per cent for the second flush due to the absence of muscatel flavour. Darjeeling tea's muscatel flavour is a unique, sweet, and floral taste that's hard to describe, but prized by tea connoisseurs. Muscatel tea has a musky aroma and a unique muscat-like fruitiness. Some say it has a sweet, floral, and fruity flavour, with notes of raisins and a muscatel finish. Others say it has a medium-bodied taste with notes of nectarines and muscatel grapes. Muscatel tea can be a dark amber colour.

Ashish Kacholia, who is known for spotting many multibagger stocks, recently took to social media after missing a flight from Bengaluru to Mumbai due to an error in Google Maps. Kacholia said that the mapping application significantly underestimated the travel time from his location in Bengaluru to Kempegowda International Airport (KIA). Kacholia was traveling from HSR Layout, a residential area in Bengaluru, to KIA, a distance of about 55 km. Google Maps, the ace investor said, initially estimated the journey would take around 1 hour and 45 minutes. However, due to Bengaluru’s infamous traffic congestion and unexpected rainfall, the trip extended to three hours, causing Kacholia to miss his flight. A social media user suggested that the ace investor should have asked him to drop him to the airport on his bike. Ashish Kacholia said in jest: «Next time.»

GOAT’ (short for ‘Greatest Of All Time’) could become the highest-grossing film in the Tamil film industry. The much-anticipated Thalapathy Vijay-starrer is predicted to set the cash registers ringing if reports are to be believed. As per a Cinetrak report, GOAT has already earned over $1 million in pre-sales for its opening day across international markets. A significant portion of this revenue comes from North America, where the film has generated around $460,000 from the USA and Canada alone. Anticipation is high, and the film is expected to cross the $1 million mark in the USA even before its official release. Vijay's movie is also performing strongly in the UK and Australia, with each region contributing $130,000 to the overall pre-sales.

Rubina Francis, a para shooter from Jabalpur, Madhya Pradesh, secured India's fifth medal at the Paris Paralympics by winning a bronze in the P2 — 10m Air Pistol SH1 event. Francis scored 211.1 to finish third in the eight-woman final after qualifying in the seventh spot earlier in the day. She becomes India's fourth medallist in shooting at the Paris Paralympics, following Avani Lekhara, who won gold, Mona Agarwal, who took bronze, and Manish Narwal, who claimed silver. Born into a lower-middle-class family, Rubina Francis has a leg dysfunction. Her father, Simon Francis, a mechanic, faced financial difficulties while supporting her growing passion for shooting. Rubina’s journey in shooting began in 2015, inspired by her admiration for the Olympic achievements of Gagan Narang. Despite financial obstacles, her determination led her to Pune's Gun for Glory Academy in 2017, with her father’s tireless efforts aiding her progress. Under the mentorship of Jai Prakash Nautiyal, Rubina's talent quickly became evident. This led to her selection at the MP Shooting Academy, where her skills flourished under renowned coach Jaspal Rana, earning her first international medal. A significant turning point in her career came during the 2018 France World Cup, where she realized the importance of securing a Paralympic quota, prompting her to intensify her training efforts.

Ircon International, Deepak Fertilisers and Sapphire Foods 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.

Nicole Kidman revealed that filming for her recent movie ‘Babygirl’ left her unnerved. The actress, who earned a standing ovation for her visceral performance as Romy, an ambitious CEO in a torrid affair with an intern, decades her juniour, admitted that the role required her to step out of her comfort zone and made her feel “exposed and vulnerable.” «This definitely leaves me exposed and vulnerable and frightened and all of those things when it's given to the world, but making it with these people here, it was delicate and intimate and very, very deep,» Nicole Kidman revealed in a media interaction ahead of the premiere of the movie. «Right now we're all a bit nervous,» she added. Above all, Kidman said she felt very “liberated” while shooting for ‘Babygirl’, as it explored not just the intricate politics of employer-subordinate power dynamics, but also delved into women’s desires. “This is one woman’s story, and this is, I hope, a very liberating story. It’s told by a woman, through her gaze – Halina (Reijn) wrote it and she directed it and that’s to me what made it so unique because suddenly I was going to be in the hands of a woman with this material. It was very dear to our shared instincts and very freeing,” she said.

They may be known for selling millions of dollars worth of Picassos and Warhols, but prestige auction houses are also some of the last places you can reliably buy a luxury bag in impeccable condition for four figures instead of five. Auction houses like Christie’s and Sotheby’s have grown their handbag businesses in the past decade, as demand for name brands like the Hermès Birkin and Chanel’s flap bag has increased. Thanks to social media, young people are more interested in and knowledgeable about the accessories market than ever before, especially the ins and outs of collecting.

BENGALURU : Reliance Retail-backed Dunzo has laid off 150 employees in a fresh round of layoffs, leaving the e-commerce delivery firm with just 50 employees in its core supply and marketplace teams, two people aware of the development told Mint. The Bengaluru-based firm is looking to claw back profits to pay off liabilities including salaries of current and former employees as well as vendor payments as it scouts for capital to survive, they added, requesting anonymity. In May, Mint reported that Dunzo was in the final stages of closing a funding round of $22-25 million in a mix of equity and debt from a clutch of new and existing investors, attempting to “find safety for the company into perpetuity".

One of the biggest challenges of international travel is the additional cost of foreign exchange (forex) markups. Whether you swipe a debit or credit card, you pay an extra 1.5-4% charge on every transaction.

Bihar Chief Minister Nitish Kumar as President of the Janata Dal (United) (JD(U)). The court found no substantial reason to interfere with the election results and deemed the petition to be without merit. This decision upholds Nitish Kumar's position as the party president. The bench of Justice Pushpender Kumar Kaurav in an order passed on August 29, noted that the reliefs sought by the petitioner, fall wholly outside the ambit of the inquiry contemplated under Section 29A of the RP Act. As elucidated in the preceding discussion, the principles established in the case of Sadiq Ali (supra) do not support the reliefs sought in this writ petition.

Digital infrastructure firm Black Box is looking for partnerships or mergers and acquisitions to enter the Indian market, which is the most lucrative data centre opportunity for the next three to five years, said Sanjeev Verma, a wholetime director of the Essar Group subsidiary. The systems integrator serves top tech companies in more than 35 countries. It offers data centre services, along with connectivity and networking infrastructure. The company is aiming to achieve $2 billion in revenue in the next four years, Verma said.

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),...

Nasa announced on Friday that it will remove two astronauts from an upcoming SpaceX flight to make space for two astronauts currently stranded at the International Space Station (ISS). Nasa astronauts Zena Cardman and Stephanie Wilson will be removed from the mission but are expected to join future missions. This decision was made considering factors such as spaceflight experience. Nasa’s Nick Hague and Russian astronaut Aleksandr Gorbunov are set to launch aboard a SpaceX rocket to the ISS in September. They will return in February with the astronauts stranded at the ISS, Sunita Williams and Butch Wilmore. Williams and Wilmore had originally embarked on a one-week mission aboard Boeing's Starliner since June. However, due to technical problems like helium leaks and thruster malfunctions, their stay on the ISS has been extended.

chartered accountants' apex body ICAI will discuss the changes proposed by regulator NFRA to auditing standard SA 600 on September 17 amid concerns in certain quarters about the suggested updates. Standard on Auditing (SA) 600 broadly pertains to standards applicable in situations where a principal auditor of a company relies on the audit work done by another auditor for a group entity. While the National Financial Reporting Authority (NFRA) has proposed aligning SA 600 with the relevant international standard, ICAI has flagged concerns about the changes as that could result in concentration of audit activities with a few firms, according to ICAI officials in the know. At present, the principal auditor has to give a main audit report and a consolidated statement of the audit works done by other auditors for the group entities.

Brainbees Solutions Ltd, the parent firm of baby and mother care product retailer FirstCry, on Friday reported a 17% growth in operating revenue to Rs 1,652 crore for the quarter ended June 30, 2024. For the first quarter of fiscal year 2025, the omnichannel retailer said its net loss stood at Rs 75 crore, against a loss of Rs 110 crore a year ago. The firm saw its gross merchandise value (GMV), a proxy for net sales, grow 17% from a year ago to Rs 2,318 crore in the quarter ended June 30, 2024.

EB-5 Immigrant Investor Program has long served as a gateway to U.S. permanent residency for global investors, offering a unique blend of opportunity and security. In response to evolving economic and regulatory needs, the United States Citizenship and Immigration Services (USCIS) has introduced significant reforms aimed at modernizing the program. These updates represent a strategic overhaul designed to enhance transparency, streamline processing, and ensure the program's sustainability. For investors, these changes signal a renewed commitment to efficiency and reliability, reinforcing the EB-5 program's standing as a premier option for securing U.S. residency. Reauthorization of the Regional Center Program One of the most pivotal recent changes in the EB-5 landscape is the reauthorization of the Regional Center Program, reinstated under the EB-5 Reform and Integrity Act (RIA) of 2022. After lapsing in 2021, this program, which allows investors to pool their resources into large-scale projects managed by designated regional centers, has returned with reinforced measures. The reauthorization underscores the program's critical role in providing structured, potentially lower-risk opportunities in the U.S. real estate and infrastructure sectors.

India's Bharat Petroleum Corp plans to increase its integrated refining and petrochemical capacities within the next five to seven years to meet growing energy demand, Chairman G. Krishnakumar told shareholders. India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4-5% and 7-8% in the 'foreseeable future', he said. «This presents a strategic opportunity to expand refining capacity alongside the development of integrated petrochemical complexes,» Krishnakumar said.

Sunita Williams and Barry Wilmore, their space trip has to the International Space Station (ISS) has extended to eight months due to technical issues with Boeing's Starliner spacecraft. The astronauts are now set to return to Earth in February 2025 aboard a SpaceX Crew Dragon. Amid the long and extended space voyage, it has not only become challenging for the space travellers but also their families back at earth may be worried about them.