International Financial News

Line of Control in Kupwara district of northern Kashmir. Army officials informed that a joint anti-infiltration operation was launched by the Indian Army and Jammu and Kashmir police following Intelligence inputs regarding likely infiltration bids on the intervening night of Aug 28-29 in Tangdhar of Kupwara district. “One terrorist is confirmed to have been eliminated. The operation is in progress,” the army informed.

Air India-Vistara merger, Singapore Airlines (SIA) on Friday said that it has received approval from the Government of India for foreign direct investment (FDI) in a deal with the Tatas, the airline said in an exchange filing. Singapore's flagship carrier, which has a 49 per cent stake in Vistara, had announced the plan to merge the Indian airline and Tata-owned Air India in November 2022. Tatas own 51 per cent in Vistara. Upon completion of the merger, SIA is expected to hold approximately 25.1 per cent of the enlarged Air India.

Noida International Airport in Uttar Pradesh's Jewar are in full swing with work being done in partnership with Air India SATS, NIA Chief Executive Officer Christoph Schnellmann said on Thursday and noted there will be cargo capacity for well over one lakh tonnes of cargo when the facility opens. Schnellmann told that work on the passenger terminal is also in full swing. «The development works on the cargo terminal and multimodal cargo hub are in full swing as well. We're working in partnership with Air India SATS who have designed the facility, who are constructing the facility and who will operate the facility. There will be a capacity for well over 1 lakh tonnes of cargo when the facility opens and it's designed in a modular fashion to grow with the demand. We plan to submit our application for the aerodrome license this year,» he said.

The convictions of two Hong Kong journalists who led a now-shuttered online news outlet have deepened concerns of media groups and foreign governments over the city’s press freedom

recruitment of artificial intelligence (AI) talent in India, at least for 132 companies looking to hire such talent from the technology, finance and manufacturing sectors, according to a senior executive at Deel. The San Francisco-based payroll and compliance provider offers hiring and payments services to companies enrolling international employees and contractors. Mark Samlal, general manager for Asia-Pacific at Deel told ET in an interview that demand for AI expertise is on the rise but finding candidates proficient in skills can be very tough.

Mint. Interestingly, the compensation of women independent directors has doubled in these five fiscal years, while their male counterparts have seen a 1.7x increase in the same timeframe.

₹3.5 lakh per year, and that too from non-IIT and non-NIT engineering colleges, according to an internal email sent to its employees that Mint has seen. Wipro resumes campus hiring in a fortnight’s time, the email mentioned. Starting salaries for employees from the Wipro’s ‘elite’ list of colleges have remained unchanged for at least a decade, the person cited above said.

Icra Ltd. This, he said, was largely attributable to rising demand for international travel for leisure, jobs—primarily in the Middle East—and studies. India's aviation market—the world's third largest and also the fastest growing—is on the cusp of a boom as the economy expands and incomes rise, prompting airlines to add capacity.

Line of Control in Kupwara district of northern Kashmir. Army officials informed that a joint anti-infiltration operation was launched by the Army and Jammu and Kashmir police following Intelligence inputs regarding likely infiltration bids on the intervening night of Aug 28-29 in Tangdhar of Kupwara district. «One terrorist is confirmed to have been eliminated. The operation is in progress,» the army informed.

More information has been released about the incident that took the lives of 2 people and injured 1 person on Tuesday morning, FOX 5 Atlanta reports. 

Bank of America and its subsidiary, Merrill Lynch, have reached a settlement with Finra, including a $3 million fine and censure, for a reported years-long failure to adequately supervise potentially manipulative trading by their customers.

para-archery event was sold out. And one of the reasons for it becoming such a huge draw for the spectators was India’s Sheetal Devi. “She is just 17 and is ranked No. 1 in her category. How she releases the arrows with her jaw is just incredible. She is a global story of inspiration,” said one of the members of the International Paralympic Committee (IPC). A couple of days ago, the BBC did a detailed feature on Sheetal. The local press was curious to know more about her in the mixed zone.

premiere date for the second season of Taylor Sheridan's series Lioness. The new season will begin on October 27, featuring two episodes. First-look photos have also been released.

Nagaland deputy CM Y Patton on Thursday told the state assembly that there is no report of influx of illegal Bangladeshi immigrants following the political crisis in the neighbouring country. Patton said this while responding to NPF MLA Achumbemo Kikon raising concern in the zero hour of state assembly on possible influx following the political crisis in Bangladesh.

European Union must rethink its relations with Israel and impose sanctions on some Israeli government ministers, EU foreign policy chief Josep Borrell said on Thursday. At a meeting of EU foreign ministers in Brussels, Borrell urged the ministers to consider imposing sanctions on certain members of PM Benjamin Netanyahu's cabinet.

(Bloomberg) — Chinese Foreign Minister Wang Yi and US National Security Advisor Jake Sullivan discussed setting up new talks between their presidents in meetings aimed at managing the two nations’ difficult relationship.

Department of Telecom has dropped the penalty clause on telecom entities for violation of interception norms under the new rules notified recently. The Telecommunications (Procedures and Safeguards for Lawful Interception of Messages) Rules, 2024, notified on Wednesday, will not be applicable to demonstrations and testing of interception systems by the central government. Under the new interception rules, the DoT has removed provisions related to fines and suspension of telecom licences for violation of licence conditions pertaining to maintenance of secrecy, confidentiality of information and unauthorised interception of communications. The new rules, however, mandate telecom entities involved in the process of interception to ensure that «adequate and effective internal safeguards are implemented to prevent any unauthorised interception of messages» and «confidentiality and secrecy is maintained in the matter of interception of messages».

Blue Origin flew its latest group of six thrill-seekers to the edge of space and back again Thursday, including the youngest-ever woman to complete the feat. Mission NS-26 marked the eighth human spaceflight for the company, founded by Jeff Bezos, as it presses ahead in the emerging suborbital tourism market. Karsen Kitchen, a 21-year-old senior at the University of North Carolina at Chapel Hill, became the youngest woman ever to cross the Karman Line, the internationally recognized boundary marking the edge of space, 100 kilometers (62 miles) above the Earth's surface.

Jay Shah’s election as the Chairman of the International Cricket Council (ICC). In a post on X (formerly Twitter), Banerjee wrote, “Congratulations, Union Home Minister!!! Your son has not become a politician, but has become the ICC Chairman — a post much much more important than most politicians'!!! Your son has indeed become very very powerful and I congratulate you on his this most elevated achievement indeed! Kudos!!”

Mukesh Ambani-led Reliance Industries held its 47th Annual General Meeting (AGM) today. The company leaders made several big announcements at this event including the new Jio Phonecall AI. Powered by artificial intelligence, new Jio Phonecall AI offers a suite of features designed to enhance phone calls. It comes with a range of benefits, from automatic recording and transcription to real-time translation and secure storage.

Sri Lanka's Debt Sustainability Agreement, Foreign Minister Ali Sabry has said resuming negotiations with the IMF could jeopardise its next tranche due in December and subsequent disbursements from the World Bank and the Asian Development Bank. The conditions for the Debt Sustainability Agreement (DSA) have now become part of the law and cannot be easily altered, Sabry said. He emphasised that renegotiating the deal could lead to further economic instability in the island nation, which is recovering from the worst-ever economic turmoil it suffered in 2022. Sri Lanka declared its first-ever sovereign default in mid-April 2022, having run out of its foreign exchange reserves. The halt to the debt services meant that the multilateral creditor nations and commercial lenders could not extend fresh financing to the country.