International Financial News

capital on Wednesday, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity had jumped Rs 1,400 to settle at Rs 74,150 per 10 grams in the previous session on Tuesday. However, silver prices declined Rs 150 to Rs 87,000 per kilogram against Rs 87,150 per kg in the previous close.

Indian astronaut is likely to fly to the International Space Station by April next year as part of the NASA-ISRO collaborative initiative, Science and Technology Minister Jitendra Singh said on Wednesday. Two Indian astronaut-designates Group Captains Shubhanshu Shukla and Prashanth Balakrishnan Nair are undergoing training in the US for the Axiom Space Ax-4 mission. ISRO has assigned Shukla for the Ax-4 mission while Nair would be the backup candidate. «An Indian astronaut will travel to the ISS by April next year,» Singh told a press conference here ahead of the first-ever National Space Day celebrations to mark the landing of Vikram lander on the Moon on August 23 last year. The theme for the National Space Day is 'Touching Lives while Touching the Moon: India's Space Saga'. On the occasion, ISRO will release on August 23 the scientific data collected by the Chandrayaan-3 mission that could be used by researchers.

credit cards with airport lounge access are immensely popular. Airport lounges are a terrific place for frequent fliers to get away from the stress and commotion of waiting for planes. Airport lounge access credit cards in India give users with free or covered admission to airport lounges that offer special privileges and services. These amenities may include pleasant waiting areas, food, drinks, Wi-Fi, showers, and quiet spots to work or rest. Note that credit card holders should check whether your credit card gives you complimentary access at the selected airport.

Shares of Exide Industries Ltd.(up 2.17 per cent), Samvardhana Motherson International Ltd.(up 2.13 per cent), Apollo Tyres Ltd.(up 1.45 per cent), MRF Ltd.(up 1.45 per cent) and Bharat Forge Ltd.(up 1.44 per cent) ended the day as top gainers in the pack.

«It is good if this can come up and with a good network of ports and connectivity. We are there to meet that requirement if it comes up. Second, your question was on where do we buy our ships from? We buy our ships in the second-hand market. We do not issue equity as a company and we have strict balance sheet criteria with regard to how much debt we take,» says G Sivakumar, ED & CFO, GE Shipping. I want to talk about your recently sold that older MR product tanker and took delivery of comparatively younger MR product tanker as well. Tell me, what kind of efficiencies does it really bring on the table for you with regards to financials? Also, are you anticipating any further changes in your fleet? G Sivakumar: Yes, we have been doing these transactions now for the last nine months. We have already sold out four ships, which are among the older vessels, and we have replaced them with slightly more modern ships of the same kind. This is twofold.

Noel Tata, Chairman of the CII Africa Committee and Chairman of TATA International Ltd. emphasized the growing need for innovative financial strategies to overcome challenges in India-Africa trade at the 19th edition of the CII India-Africa Business Conclave in New Delhi. He particularly highlighted the concept of Rupee trade as a potential solution, stating, «To address these challenges, we are exploring the concept of Rupee trade.» Tata underlined the importance of building mutual trust between financial institutions in India and Africa, stressing that this would pave the way for broader private-sector participation.

Rivian's head of manufacturing is leaving the electric vehicle startup to join Stellantis at a time when the maker of Jeep SUVs and Ram pickups is preparing to launch a number of battery powered cars. Tim Fallon will join Stellantis as its head of manufacturing in North America effective Sept 2, Stellantis said in a statement. Rivian, known for its R1S SUVs and R1T pickups, appointed its head of logistics Carlo Materazzo, a former Stellantis executive, to oversee production in the interim, CEO RJ Scaringe said in an internal email seen by Reuters.

ICC T20 World Cup match in New York between arch-rivals India and Pakistan has received a «satisfactory» rating from the governing body of the sport. The highly-anticipated match between these two arch-rivals at New York's Nassau County International Stadium was a low-scoring thriller. After being cleaned up for 119 runs, with Rishabh Pant scoring 42, Pakistan could manage only 113/7 in their quota of 20 overs, with Jasprit Bumrah bowling a game-changing spell of 3/14 in four overs. The drop-in pitches in New York were under scrutiny throughout the tournament because of low-scoring matches and uneven, unpredictable bounce. During the Sri-Lanka South Africa clash, SL could score only 77 runs in 19.1 overs and SA chased down the target in 16.2 overs.

New Delhi: An innocuous piece of India's audit rules has come under scrutiny, after several alleged audit lapses that paved the road to spectacular business bust-ups were traced back to it. However, fixing it could be tricky, audit industry executives said. When a company raises money from the public and transfers it to a subsidiary, and further to the company's promoters, the diversion may go unnoticed in audits.

The World Health Organization (WHO) has declared Mpox a public health emergency of international concern as it found a new strain of the virus in parts of Africa. More than 15,600 cases and 537 deaths have been reported this year. Is this of concern to India? Mpox is a zoonotic illness, formerly known as monkeypox.

foreign banks that operate in the country have approached the Reserve Bank of India (RBI) seeking prospective application of the guidelines on mandatory local storage of payments data from January 2025 with regard to information that’s already kept overseas. They have also sought a reprieve from any regulatory action until then. These guidelines, issued in 2018, mandate that all payment system data related to customers in the country must be stored solely in India. “Some foreign lenders have pressed for a prospective compliance date starting January 2025 to ensure all lenders can meet the regulations,” a senior foreign bank executive said, confirming a meeting with RBI officials on the data localisation issue.

AUM of $150 billion) and Singapore-based Mars Growth Capital Partners (AUM $1.5 billion), according to two people familiar with the plans. Others that have set up local operations since this January include South Korea’s sovereign fund KIC, Japan’s Advantage Partners, and Singapore-based Growtheum Capital Partners.

A superyacht that sank off the Sicilian coast during a storm left six passengers missing, including British tech kingpin Mike Lynch and his daughter Hannah

Butch Wilmore and Sunita Williams have been informed that they might not be rescued until February 2025. They are stranded on the International Space Station, more than 200 miles from Earth. The Boeing Starliner spacecraft that carried the American pair into space in June had helium leaks, so they will now have to spend eight months there instead of the originally scheduled eight days mission. In order to determine whether it is safe for them to return on the Boeing or if they will need to use one of Elon Musk's SpaceX vehicles, which are expected to arrive in February, the US space agency NASA is currently conducting tests. It's also not easy to live on the Space Station. Nine people are currently sharing the ISS's six sleeping quarters and two bathrooms. The scant supplies of water and food that come from Earth need to be handled with care.

Kenya’s new finance minister says some of the proposed taxes that led to weeks of deadly protests earlier this year will be reintroduced through a tax amendment bill as the country struggles to find revenue to pay off debts

Canada’s two largest railroads are facing possible Teamsters strikes.

The Malawian government has received an insurance payout of $11.2 million for an El Nino-linked drought that led to a disaster declaration in the southern African nation

German officials have rejected suggestions that national budget constraints could hurt weapons deliveries to Ukraine

Longtime producer Almin Karamehmedovic has been elevated to the role of ABC News president

One of Libya’s dueling authorities unilaterally fired the powerful central bank governor in an abrupt move that is likely to inflame tensions in the divided North African country

Experts meet in Bangkok this week to advance what would be the first international treaty to tackle the surging problem of plastic pollution