International Financial News

Goldman Sachs is intensifying its focus on the wealth channel as it hires a BlackRock alum to its asset management unit.

South Korean officials say providing Samsung smartphones to North Korean athletes at the Paris Olympics would violate U.N. Security Council sanctions against the country over its nuclear ambitions

cricket captain Sourav Ganguly recalled that former West Bengal Chief Minister Buddhadeb Bhattacharjee, who died on Thursday morning, was crazy for the game and always kept himself updated about the performance of players. On arrival from Mumbai at the N S C Bose International Airport here on Friday, the Indian cricket icon told reporters that not only contemporary cricketers, Bhattacharjee loved to discuss former cricket stalwarts like Pankaj Roy, his captaincy and batting during chats. «Buddha babu was a cricket crazy person. He used to talk to me before and after cricket matches and discuss our performance. He had so much grasp over the game and its rules. He was well-versed in the history of the cricket of Bengal and the country. We will miss such a person,» Ganguly said. He said Bhattacharjee also loved to discuss films and books and it was a pleasure meeting him always.

During the quarter, the pizza seller reported a 9.9% YoY rise in its revenue from operations to Rs 1,439.6 crore compared to Rs 1,309.6 crore in the year-ago period. The revenue uptick was mainly driven by 8.5% growth in Domino’s India.

job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year:

Southern Petrochemicals Industries Corporation Ltd.(up 11.75%), Paradeep Phosphates Ltd.(up 4.93%), Coromandel International Ltd.(up 3.23%), The Fertilisers and Chemicals Travancore Ltd.(up 2.35%), Chambal Fertilisers & Chemicals Ltd.(up 1.83%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.73%), Zuari Agro Chemicals Ltd.(up 1.66%), Mangalore Chemicals & Fertilizers Ltd.(up 1.57%), Sikko Industries Ltd.(up 1.48%) and Gujarat State Fertilizer & Chemicals Ltd.(up 1.40%) stood among the top gainers.

Shares of Eicher Motors Ltd.(up 5.55 per cent), Samvardhana Motherson International Ltd.(up 2.89 per cent), Ashok Leyland Ltd.(up 2.77 per cent), Tata Motors Ltd.(up 2.53 per cent) and Mahindra & Mahindra Ltd.(up 2.47 per cent) ended the day as top gainers in the pack.

Walkaroo has roped in Bollywood actor Varun Dhawan as its brand ambassador and will launch an integrated marketing campaign showcasing Walkaroo's extensive product portfolio, the company said on Friday. The appointment of Dhawan as brand ambassador reinforces Walkaroo's brand presence and appeal to the younger generation and fashion-conscious consumers across the country, the company said. «We are very happy to have Varun Dhawan join us in our commitment towards promoting a healthier and active lifestyle through walking. His youthful energy and stylish persona resonate perfectly with our brand image,» Walkaroo International Pvt Ltd Managing Director V Noushad said. «Varun's strong appeal among the younger generation and his ability to connect with a diverse audience will enable us to broader our reach and achieve new milestones.» he said in a release on Friday.

Nest Seekers International chief economist Erin Sykes weighs in as high interest rates continue to hurt the housing market on 'The Bottom Line.'

fascinating documentary called Katiyabaaz at the Mumbai Film Festival (MAMI). At the time, I had no idea what it was about. Later, I learned that the title translates to "electricity thief," a fitting description for its subject matter.

What's done is done. Let us celebrate the victories and the sheer talent and grit of our hero, Vinesh Phogat. This should also be the starting point to revamp India’s sports management—reminding administrators that their roles are not for power play, but for a greater national cause.

₹22,000 crore, over five times its trailing twelve-month sales, which should help meet its guidance of 20-25% revenue growth for FY25. Increasing share of commercial ships, which now account for 25% of order book with the rest coming from defence, has helped improve Cochin Shipyard’s order book position. The company is gaining from its higher focus on the export market, primarily Europe.

Carlyle," the first person quoted above said, adding that Alpha Wave is also likely to infuse some fresh capital into the company. “The term sheet from Alpha Wave is conditional and is contingent upon the company meeting several milestones such as FY25 revenue growth, targeted store openings and other clauses," the second person noted above said. “The deal is likely to be closed only next financial year." The deal comes a year and a half after Carlyle bought a majority stake in the company for $300 million in January 2023.

merchant payment companies are scouting for business opportunities outside the country as margins turn wafer-thin amid rising domestic competition. Pine Labs, Juspay, CC Avenue and FSS have set up operations outside India and are also hiring senior talent for these markets, which they hope will be their new growth drivers. Aiding the push is the growing acceptance of Indian payments technology worldwide. In India, these merchant payment companies have been losing out on major revenue generation opportunities due to competition from popular payment modes like Unified Payments Interface (UPI) and RuPay debit cards which do not attract a fee. The government has also reduced the budgetary allocation for payment subsidies.

NASA says chances are growing that two test pilots who flew a new Boeing capsule to the International Space Station in June may have to switch to SpaceX for a ride home

Boeing‘s new CEO is on the job and visiting a key factory near Seattle

NASA is wrestling over how and when to bring two astronauts back from the International Space Station after running into trouble with their new Boeing capsule

A U.S. jury has convicted former Mozambican Finance Minister Manuel Chang in a bribe conspiracy case that welled up from from his country’s “tuna bond” scandal

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...