International Financial News

Youth Affairs and Sports Minister Mansukh Mandaviya on Monday urged youth to work with commitment and dedication to become successful and make India a developed nation by 2047. Addressing the «Impact With Youth Conclave 2024» here on International Youth Day, the minister said the 'Mera Yuva Bharat — 'MY Bharat' portal launched by the Centre will become a single window platform for the youth. This year's International Youth Day, themed 'From Clicks to Progress: Youth Digital Pathways for Sustainable Development,' emphasises the importance of digitalisation and the pivotal role young people play in this transformation. «This is a country with a population of 140 crore. It is our collective responsibility to make India a developed nation. In such a situation, youth have a special responsibility,» Mandaviya said.

Reliance Capital's resolution plan by Hinduja Group-promoted IndusInd International Holdings. The NCLT Mumbai bench also directed IndusInd International Holdings Limited (IIHL) and the Committee of Creditors (CoC) to jointly hold a meeting to decide steps to be taken for the implementation of the same. The National Company Law Tribunal (NCLT) — comprising Justice Virendrasingh G Bisht and Justice Prabhat Kumar — directed the Reserve Bank and DIPP to expedite 'the consideration of the approvals' to IIHL that are needed for implementing the RCaP resolution plan. The tribunal was hearing a petition filed by the Hindujas, seeking modification of its July 23 order and an 'extension to complete the obligations' for implementing the resolution plan.

To date, Maruti Suzuki’s startup arm has evaluated over 3,000 startups, engaged with 88, explored multiple technologies, and onboarded 21 startups as business partners through commercial engagements. The initiative remains focused on fostering open innovation with startups worldwide, both domestic and international, to co-create an ecosystem where Maruti Suzuki can leverage deep tech and the latest technologies from across the globe.

shipping industry worldwide. As per BIMCO’s Manpower study, which is published every 5 years (the last being published in 2021) India ranked as the 5th largest manpower supplier in Shipping globally. In 2021 together with Philippines, Russian Federation, Indonesia, China & India supplied bulk of the global workforce in shipping. These 5 countries collectively accounted for 44% of global supply of seafarers. India accounted for 2,50,071 active seafarers of which 1,51,840 were Ratings & 98,231 were officers. Chinese seafarers catermainly to their own national flag and / or coastal ships. The reason for Chinese being limited to their national industry is obviously due to their language barrier.

Alberta Advantage Immigration Program (AAIP) is a provincial initiative designed to nominate individuals for permanent residency in Alberta, targeting those with skills to address labor shortages or who intend to establish or purchase a business in the province. The program is administered jointly by the Alberta government and the federal government of Canada. Successful nominees, along with their spouse or common-law partner and dependent children, can apply for permanent residency status through Immigration, Refugees, and Citizenship Canada (IRCC), which makes the final decision on all applications.

British Columbia offers diverse pathways for immigration, each tailored to different types of applicants, including skilled workers, healthcare professionals, international graduates, and entrepreneurs. Here’s a deeper dive into each immigration stream and its specific requirements:

Siemens and Honeywell. The consumer division, which generates a third of sales, makes all manner of devices that can connect with 5G. It has begun releasing fancy smartphones again, but also makes watches, televisions and the systems that control many Chinese electric vehicles (evs).

Afghanistan, the Taliban government has achieved some diplomatic wins even as it has consolidated power and enforced its strict version of Islamic law. The Taliban rulers continue to operate without official recognition from any country — its restrictions on women a major sticking point. But concern over Afghanistan's worsening humanitarian crisis, the threat of terrorism, and hard-nosed pragmatism have led to some international engagement.

Voltas on Monday posted a 160% year-on-year (YoY) jump in consolidated net profit to Rs 335 crore for the June quarter of FY25. It had clocked Rs 129 crore profit in the year-ago period. The company's income from operations increased 47% YoY to Rs 4,904 crore versus Rs 3,335 crore in the corresponding period of the preceding fiscal.

Voltas Ltd reported 58% year-on-year (yoy) jump in standalone net profit at Rs 339.14 crore for the first quarter ending June, on back of a 45% yoy growth in revenue from operations at Rs 3920.26 crore. In the AC business which is the unitary cooling products business of the company, segment revenue shot up by 51% YoY to Rs 3,802.17 crore for the quarter under review. The segment profitability of this business improved by 58% YoY to Rs 327.02 crore last quarter. The country’s largest AC brand said it sold a record one million units of AC last quarter with overall volume growth of 67% YoY.

New Zealand government has announced significant visa fee increases starting 1 October 2024, impacting nearly all visa categories. Immigration Minister Erica Stanford said that the changes are intended to create a more sustainable immigration system by shifting the financial burden from taxpayers to visa applicants. According to a report by ICEF Monitor, the adjustments are expected to reduce public funding requirements by more than NZ$563 million (US$338 million) over the next four years. Minister Stanford emphasized that the current immigration system has been heavily subsidized by taxpayers. “The changes we’re making are shifting the cost to those benefitting from the system. We’re ensuring it is self-funding and more efficient," she said.

On Friday, gold and silver settled on a mixed note in the domestic and international markets. Gold October futures contract settled at Rs 69,895 per 10 grams with a gain of 0.27% while silver September futures contract settled at Rs 80,543 per kilogram with a loss of 0.09%.

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Mint. While the latest rate hike may not deter Indian corporates from borrowing from Japan, further rate hikes could force them to reconsider their plans. Last week, the Bank of Japan raised its interest rate for the second time in 17 years in another step away from its long-standing ultra-loose monetary policies, setting an interest rate of 0.25%, up from 0-0.1%.

gold ETFs and sovereign gold bonds, which track prices of physical gold, also crashed by 5-6%. Investors felt shortchanged as the worth of their investments eroded overnight. Have gold investors really been robbed of their gains by the government? The nine percentage point cut in the import duty on gold is acute.

Hamas on Sunday called on US, Qatari and Egyptian mediators to implement a ceasefire plan for Gaza put forward by US President Joe Biden, instead of holding «more negotiations». Hamas «demands that the mediators present a plan to implement what they proposed to the movement… based on Biden's vision and the UN Security Council resolution, and compel the occupation (Israel) to comply, rather than going through more negotiation rounds or new proposals,» the Palestinian group said in a statement. Mediators have invited both Israel and Hamas for a round of negotiations on Thursday.

Allied Blenders & Distillers (ABD), which owns the Officer's Choice whisky brand, is in talks with vodka giant Russian Standard and Bangkok-based Thai Beverage (ThaiBev) to market and distribute their products in India, two executives privy to the development said. The talks, if fructify, will help ABD to widen its product portfolio from largely whisky to a host of spirit segments such as vodka and scotch, while the two global companies will get an entry into the world's biggest alcohol consuming country with a strong partner which has robust distribution and manufacturing capabilities, the executives said. ThaiBev's global portfolio through its arm International Beverage includes scotch brands Old Pulteney, Speyburn, Balblair, Reid vodka, Phraya rum and Source gin. The company is owned by Thai-Chinese billionaire businessman Charoen Sirivadhanabhakdi and is listed on the Singapore Stock Exchange. Russian Standard is the largest vodka brand, owned by billionaire Roustam Tariko.

A confidential memo shows that MrBeast has ordered a full assessment of the internal culture in his YouTube empire and an investigation into “allegations of inappropriate behavior by people in the company."

foreign policy, asserting that Dhaka intends to maintain «smooth and positive» relations with all, including India and China. «Our policy is to maintain good relations with all countries while protecting our national interests,» interim government's Foreign Affairs Adviser Md Touhid Hossain said during his first press briefing at the foreign ministry. Hossain, whose position is equivalent to a minister, said it is meaningless to assume that this interim government is focused solely on any particular direction. «We intend to maintain smooth and positive relations with all… including India and China,» said Hossain, who previously served as a deputy high commissioner to India.

China as both a competitor and an adversary, Republican vice presidential nominee Senator J D Vance said on Sunday that his party wants to establish a robust international framework where the US can «check» Beijing. «I think they're both, right, and I think that what we want to do here is build the kind of international order where we can check China,» Vance told CBS in an interview when asked if he views Beijing as a competitor or an adversary. «We don't want to go to war with China, but certainly they're an adversary...for example, the Chinese know that they're manufacturing tons of fentanyl, they're letting them come into our country. (Vice president and Democratic presidential candidate) Kamala Harris has done nothing about this,» Vance said in «Face the Nation» programme. He said Harris should apply diplomatic and economic leverage on the Chinese to stop manufacturing fentanyl, which is smuggled into the Mexican drug cartels and subsequently shipped into the US.

The National Women’s Soccer League and its players’ union have agreed to a collective bargaining agreement that will run through 2030