International Financial News

Railway sector companies reported an average decline of nearly 16% in their net profits on quarter-on-quarter basis over the three-month period ended June 30, 2024, while the revenue witnessed a 24% average sequential plunge in the said quarter. An ETMarkets analysis further revealed that the stocks have derailed somewhat in the last one month, falling by up to 32% from their 52-week peak after running on a fast track for more than a year. We analysed results of 13 companies in the railway sector which include BEML, Indian Railway Catering and Tourism Corporation (IRCTC), Container Corporation of India, Indian Railway Finance Corporation (IRFC), Ircon International, Jupiter Wagons, Oriental Rail Infrastructure, Rail Vikas Nigam Limited (RVNL), RailTel Corporation of India, Ramkrishna Forgings, RITES, Texmaco Rail & Engineering and Titagarh Rail Systems.

The Nifty50 closed 397 points higher at 24,541 on Friday, while the Indian VIX fell over 6% to close at 14.40.

₹2,400-3,000 crore, translating to ₹4-5 crore per MW, the people cited above said on the condition of anonymity. A potential acquisition would help India's largest private thermal power producer capitalize on the rising electricity demand in the country. "Adani Power is negotiating with CFM Asset Reconstruction Co.

North Eastern Council (NEC) has withdrawn the draft ‘Vision Plan 2047’ document after it wrongly mentioned that the Kukis migrated from the 'Chin State of Manipur'. Manipur Chief Minister N. Biren Singh said in a Facebook post on Sunday said that following the mistake in the draft NEC 'Vision Plan 2047’, the issue was raised with Development of North Eastern Region (DoNER) Minister Jyotiraditya Scindia following which it was withdrawn. In Chapter 3 – 'Art, Culture, Natural Heritage' — of the draft vision document, “Kukis (Chin) from the Chin state of Manipur” was mentioned.

Narendra Modi has been continuously monitoring the Mpox (monkeypox) situation, the government said on Sunday. PK Mishra, Principal Secretary to the PM, chaired a high-level meeting to review the status of preparedness for Mpox in the country and related public health measures. The meeting was briefed that as of now there is no reported case of Mpox in the country. As per the current assessment, the risk of a large outbreak with sustained transmission is «low». The WHO has declared Mpox a health emergency of international concern.

Kuwait City: External Affairs Minister S Jaishankar Sunday met Kuwait's top leadership and discussed ways to take the bilateral ties to a higher level and also exchanged views on the geopolitical developments in the region. Jaishankar, who arrived here on Sunday on a day-long visit, called on Crown Prince Sheikh Sabah Al-Khaled Al-Sabah and sought his insights on taking the bilateral ties to a higher level. «Honoured to call on His Highness Sheikh Sabah Al-Khaled Al-Sabah Al-Hamad Al-Mubarak Al-Sabah, the Crown Prince of the State of Kuwait. Conveyed the greetings of the President and Prime Minister,» Jaishankar said in a post on X. "India and Kuwait share centuries-old bonds of goodwill and friendship. Our contemporary partnership is expanding steadily. Thank him for his guidance and insights on taking our ties to a higher level," he added.

Chennai Super Kings (CSK) CEO Kasi Viswanathan has denied that the franchise requested the Board of Control for Cricket in India (BCCI) to retain MS Dhoni as an uncapped player for the next IPL season. This comes amid reports that BCCI might bring back a provision allowing franchises to retain retired international players as uncapped, a rule scrapped in 2021. Recent media reports suggested that CSK had approached BCCI during a recent meeting to treat former captain MS Dhoni as an uncapped player. However, Viswanathan refuted these claims in a conversation with the Times of India. «I’ve no idea about it. We’ve not requested it. They (the BCCI) have themselves told us that the ‘uncapped player rule’ may be kept, that’s all. They (the BCCI) haven’t announced anything as yet. The rules and regulations will be announced by the BCCI,» said Viswanathan.

Every US presidential election is consequential, but American voters face an unusually weighty decision in 2024. The outcome will have implications for US foreign policy, social policy and the integrity of the political system itself. But none of its consequences will be more profound or far-reaching than on global efforts to combat climate change.

India's holding of US government securities touched a high of USD 241.9 billion in June as the country continued to increase its exposure for the third straight month. Japan was the top holder with securities worth over USD 1.11 trillion followed by China at the second spot with a holding valued at USD 780.2 billion in June, according to the latest data released by the US Treasury Department. At the third place was the United Kingdom with an exposure of USD 741.5 billion ahead of Luxembourg at the fourth position with a holding to the tune of USD 384.2 billion. Among the countries and jurisdictions, India was at the 12th place owning American government securities worth USD 241.9 billion in June, higher than USD 237.8 billion value recorded in May.

flight attendant was assaulted by an intruder in her London hotel room earlier this week. The incident occurred at the Radisson Hotel London Heathrow, shortly after midnight. The flight attendant, who was resting after her duty, was attacked around 1:30 a.m. by the intruder. Startled by the attack, she screamed for help, which alerted her colleagues in nearby rooms. They rushed to her aid, causing the assailant to flee, but he was eventually apprehended. The victim, who sustained bruises during the assault, was taken to a hospital for treatment. She has since returned to India, where she is receiving counseling, according to an official statement. An Air India spokesperson confirmed the incident, saying, «We are deeply anguished by an unlawful incident of intrusion at a hotel, operated by a major international chain, that affected one of our crew members. We are providing all possible support to our colleague and their broader team, including professional counselling. Air India is also working with the local police to pursue the matter to the fullest extent of the law, and with the hotel management to ensure such incidents are not repeated.»

Kolkata doctor rape case LIVE updates: Following the IMA's call for a nationwide protest after the rape of a PG resident at the RG Kar Medical College and Hospital shook the country, several inconsistencies have been flagged by the victim's family. They hinted to the probing agency CBI that the interns and other residents might have been involved in the case too.

Tech services major ServiceNow has realised $10 million in annualised tangible gains due to cost savings and increased productivity across the organisation as a result of Gen AI usage, a top executive said. The company’s artificial intelligence-enhanced product Now Assist — which offers virtual agent customer support, customer service management, HR service delivery, ITOps management, field service management, strategic portfolio management, AI search, etc — has become the company’s fastest growing product with 11 deals exceeding $1 million in annual contract value in Q2 (April-June), Pat Casey, CTO and EVP of DevOps, ServiceNow told ET.

religious hatred towards minorities, particularly Hindus, in Bangladesh following the fall of Prime Minister Sheikh Hasina's government. Attacks against minority groups, including the approximately 12 million Hindus, have resulted in many casualties. A number of groups in Bangladesh have held protest marches, including those representing Hinduism, Buddhism, and Christianity. While the situation is returning to an uneasy normal, what is surprising is almost no world leader spoke out against it. Would the international community's response have been different if the victims had been Muslims, Christians, or Jews instead of Hindus? With increasing polarisation around the world on a range of issues, the most visible and widening split is now based on religion, notably between Abrahamic and non-Abrahamic faiths.

Real Madrid will begin La Liga campaign against Mallorca on Sunday at Son Moix Stadium. Kylian Mbappe will join Jude Bellingham, Vinicius Jr, Rodrygo, and Endrick as Carlo Ancelotti's men are eyeing the domestic silverware. Real Madrid versus Mallorca La Liga soccer game will be kicked off at 3.30 pm (ET) on Sunday, August 18. In the US, Real Madrid versus Mallorca's La Liga game will be live streamed on ESPN+, ESPN App. The soccer match will be live streamed on Fubo TV which offers free trial. Real Madrid is likely to win against Mallorca in their first game of the La Liga season.

Raksha Bandhan is a festival revered by the majority of people in India that celebrates the special bond between siblings. Even if you live thousands of miles apart from your brother in the United States, United Kingdom, or Canada, you can still make this day special and memorable for them.

Russia accused Ukraine on Saturday of planning to attack a nuclear plant in the Kursk region that President Volodymyr Zelenskiy's troops have entered and blame such a «provocation» on Moscow, Interfax news agency said. Kyiv denied that as «insane» propaganda. Ukraine launched an incursion into Russia's western Kursk region on Aug. 6 to try and swing the dynamics of the two-and-a-half year war in its favour after Moscow's 2022 invasion.

Pro Kabaddi League (PKL) franchises spent Rs 33.7 crore on the 20 most sought-after Kabaddi players during the Season 11 Player Auction. The franchises spent Rs 17.7 crore on the first day of the auction on August 15, followed by Rs 16 crore the next day. Bengal Warriorz spent Rs 4.90 crore during the auction, followed by Bengaluru Bulls (Rs 4.94 crore), Dabang Delhi K.C. (Rs 4.12 crore), Gujarat Giants (Rs 4.93 crore), Haryana Steelers (Rs 4.99 Crore), Jaipur Pink Panthers (Rs 4.86 Crore), Patna Pirates (Rs 4.64 Crore), Puneri Paltan (Rs 4.67 Crore), Tamil Thalaivas (Rs 4.96 Crore), Telugu Titans (Rs 4.68 crore), U Mumba (Rs 4.91 crore), and UP Yoddhas (Rs 4.87 crore). In Category, Tamil Thalaivas and Haryana Steelers acquired Sachin and Mohammadreza Shadloui Chiyaneh for over Rs 2 crore, making Chiyaneh the first international player to earn over Rs 2 crore in consecutive years.

Manipur chief minister N Biren Singh discussed long-term solutions for the rehabilitation with representatives of Internally Displaced people (IDPs). Singh on Saturday met the representatives on Saturday in Imphal. He tweeted, “Held a meeting with representatives of IDPs and the members of Relief Committee from across the state at my Secretariat. Deliberated on addressing the immediate needs and concerns of the displaced individuals and discussed long-term solutions for the rehabilitation”. On August 1, Police in Manipur fired tear gas shells, rubber bullets and batons charged hundreds of internally displaced people who held rallies demanding their return to back home in the border town Moreh.

mpox were reported in Africa since the beginning of the year, including 1,200 cases in one week alone, the African Union health agency said Saturday. The figure accounts for three strains of the virus, of which one is the new more deadly and more transmissible Clade 1b which prompted the World Health Organisation (WHO) on Wednesday to declare an international health emergency — the agency's highest alert.

Matthew Dominick aboard the International Space Station (ISS), captures the ethereal beauty of our planet's atmosphere as seen from above. This stunning photograph showcases a lightning bolt illuminating the skies over Southeast Asia, its brilliance slicing through the darkness like a celestial nebula. The image, part of a series of nearly 1,000 shots, highlights the striking contrast between the calm of space and the sudden, electrifying flash below. Dominick, known for his incredible space photography, described the scene as a mix of «Green lights from fishing boats in Southeast Asia, city lights, a sun about to rise, and a single lightning strike in the left part of the frame that looks like a nebula,» Dominick described in his post on social media platform X.

Texas Instruments said on Friday it would receive up to $1.6 billion in funding from the U.S. Commerce Department towards the construction of three new facilities, the latest government outlay aimed at bolstering domestic chip production. The funding, under the US CHIPS and Science Act, will help the company build two factories in Texas and one in Utah. Texas Instruments has pledged more than $18 billion through 2029 to the projects, which are expected to create 2,000 manufacturing jobs. The chipmaker also expects to receive about $6 billion to $8 billion in investment tax credit from the U.S. Treasury Department, and $10 million in funding for workforce development.