International Financial News

Swiggy has appointed former Flipkart senior vice president and head of grocery Amitesh Jha as the chief executive of Instamart, according to an email sent by Swiggy cofounder and group CEO Sriharsha Majety. In an internal email, Majety announced Jha’s appointment. Swiggy cofounder Phani Kishan Addepalli, who was previously heading Instamart, will now lead the firm's central growth team that looks after initiatives like the subscription service Swiggy One. Phani will also take on the role of chief of staff to Majety, the latter added in his internal email. “He (Phani) took on the IM CEO role (at Instamart) last year when I asked him to (as he always has for key challenges), and has over the last year steered Instamart from strength to strength by significantly improving the consumer experience and profitability…” Majety said in the email.

PricingThe Realme 13 5G series starts at ₹17,999. Specifically, the Realme 13 5G is available at ₹17,999 for the 8GB+128GB version and ₹19,999 for the 8GB+256GB option.

U.S. Federal Aviation Administration on Wednesday said SpaceX’s workhorse Falcon 9 rocket has been grounded after failing an attempt to land back on Earth during a routine Starlink mission, forcing the company’s second grounding this year.SpaceX’s Falcon 9 successfully launched a batch of Starlink internet satellites into orbit early Wednesday morning.

Data centres, often dubbed the "data factories of the world," are vital to the modern digital ecosystem. These seemingly modest facilities house the technology that stores, processes, and manages vast data. This storage enables the smooth operation of the technologies we depend on daily.

International Conference of the Bled Strategic Forum will take place in Bled, Slovenia between September 2-3. This year's conference is titled «A World of Parallel Realities» and will be marked by new innovative approaches in the programme and even greater involvement of youth. «The awareness that we live in a world of parallel realities encourages us to bring these realities together for the common good. This year, with a programme of exceptional quality and diversity, we are signaling that we are opening Slovenia to the world, and at the same time, as a responsible member of the international community and a member of the UN Security Council, we are accepting our responsibilities and taking on even the most challenging debates. The Bled Strategic Forum is of key importance for us, as an instrument of soft power of Slovenian foreign policy, it broadens Slovenia's interest in the international arena and thus makes our more active role in the global arena a reality,» said Tanja Fajon, Deputy Prime Minister and Minister for Foreign and European Affairs. The Bled Strategic Forum is an intergovernmental project of the Republic of Slovenia, organised by the Ministry of Foreign and European Affairs and the Centre for European Future, and is one of the most visible foreign policy events in Slovenia. It brings in top policy makers at the annual platform.

BEIJING — U.S. President Joe Biden and Chinese President Xi Jinping are set to speak over the phone in «coming weeks,» the White House said Wednesday.

Bernstein has initiated coverage on seven retail and restaurant companies — Avenue Supermarts, Trent, Aditya Birla Fashion & Retail, Jubilant FoodWorks, Westlife Foodworld, Devyani International and Sapphire Foods India. The firm has ‘outperform’ rating on Avenue Supermarts, Trent, Jubilant FoodWorks and Devyani and ‘underweight’ on Aditya Birla and Westlife World. Bernstein said that as organised retailers scale up, tremendous value creation opportunities can be accessed currently by unlocking demand beyond the top 40 cities and the top 10% of the pyramid of the Indian middle-class market.

New Delhi: The Bharatiya Antariksha Station (BAS), India’s own space station currently at its final approval and engineering stages, is now a top priority for the Department of Space (DoS), according to two senior officials. With a launch date of 2028 and operational target of 2035 set by the government, the space station can give India global leverage as the International Space Station seems set to be decommissioned by the end of 2030.

GIFT city international financial services centre to have a lower public float of 10%. Companies listed on local exchanges are mandated to maintain a minimum public shareholding of 25%. The government issued a notification stipulating a lower public shareholding requirement for companies listing on stock exchanges at the International Financial Services Centre (IFSC)-a deemed foreign jurisdiction-a move aimed at wooing firms to list there.

Sebi has proposed to revamp rules for merchant bankers handling public issues, by increasing the net worth requirement 10- times to ₹50 crore from ₹5 crore, introduction of minimum liquid net worth and barred them from holding securities in the issuer company. «This may lead to conflict of interest and compromised due diligence,» Sebi said in a discussion paper. As on July 31, there are 224 merchant bankers registered with Sebi. Their activities include handling public issuances, international offerings such as global depository receipts, underwriting issues and corporate advisory.

Nifty rose marginally to hit a fresh lifetime high of 25,052 and Sensex gained over 70 points on Wednesday. In today's trade, shares of RIL, IndiGo, PB Fintech, Vedanta, Tata Steel among others will be in focus due to various news developments. IndiGo Rakesh Gangwal, co-founder of InterGlobe Aviation, is looking to sell up to $804 million in the company through a block deal, according to reports.

Backpage

Traders in Pakistan are observing a daylong strike by shutting down their businesses in all major cities and urban areas to protest a rise in electricity costs and new taxes imposed on shop owners

A Swiss criminal court has convicted two top managers of a Saudi oil company facing charges including fraud and money laundering in a scam that swiped at least $1.8 billion from a Malaysian state-owned investment fund

Super Micro Computer lost a quarter of its market value by midday Wednesday after the server technology company said it was delaying the filing of its annual report

The Antique", which has been reportedly called Georgian anti-Vladimir Putin movie, has been stopped from being premiered in Venice parallel section Giornate degli Autori (GdA), as per a Deadline report. The screening of «The Antique» was stopped after Russian and Croatian producers claimed that there are copyright issues pertaining to the film's screenplay, Deadline reported. Georgian producers and MPM International have countered these claims. The movie is reportedly inspired from Georgian nationals' expulsion in 2006, as per the report.

engineers at Boeing. Fast forward to the present day, and here is a new spectacle in space provided by Boeing. It's not awesome. Two astronauts, Suni Williams and Butch Wilmore, arrived at the International Space Station on June 6, expecting to stay for just over a week. Now they won't be heading back to earth until February. Their ride was on the Boeing Starliner spacecraft, now deemed by NASA to be too risky for the return trip thanks to a host of troublesome technical glitches.

Jujutsu Kaisen Chapter 268 is set for release soon, continuing the intense battle between Yuji and Sukuna. Release Date, Time and Where to Read for Jujutsu Kaisen Chapter 268 Jujutsu Kaisen Chapter 268 is scheduled to be released on Sunday, September 1, 2024, at 7 a.m. PT. There is no break this week, so the chapter will be available as planned. Readers can access the latest chapters for free on Manga Plus.

Israeli military said on Wednesday it had «failed» in its response to a settler attack in the occupied West Bank earlier this month that Palestinian officials said killed one man. The August 15 raid on the northern West Bank village of Jit came amid soaring violence in the Palestinian territory during the Gaza war and growing international concern over an uptick in attacks by Jewish settlers. Major General Avi Bluth, head of the military's Central Command which operates in the West Bank, was quoted in a statement as saying the attack was «a very serious terror incident in which Israelis set out to deliberately harm the residents of the town of Jit, and we failed by not succeeding to arrive earlier to protect them».

Check out what's clicking on FoxBusiness.com.