International Financial News

Mint. However, this does not mean investors should sink into a morass of melancholy. “While this shift may occur gradually, investors should consider strategies to mitigate the impact.

Russia is considering legalizing the use of cryptocurrency for international payments as the country faces ongoing financial pressure from Western sanctions.

Morgan Stanley chief US economist Ellen Zentner is leaving her post to lead a newly created team within the bank’s wealth management business.

The lower house of the Russian parliament, the State Duma, is set to review a cryptocurrency bill along with separate legislation on crypto mining in its second and third readings on Tuesday.

RBI on Tuesday issued a Master Direction on the Treatment of Wilful Defaulters and Large Defaulters under which banks and NBFCs will have to examine the 'wilful default' aspect in all non-performing asset accounts with outstanding amounts of Rs 25 lakh and above.

MUMBAI : Shortly after the Union finance minister Nirmala Sitharaman presented the budget 2024 on 23 July, executives of a foreign investors-backed asset management company rushed to New Delhi to seek clarification on a key issue: Can foreigners invest in India through a mutual fund-like structure with zero tax? The answer is yes as long as the money is not directly invested in equities. The Union Budget 2024-25 proposed that “retail schemes and exchange-traded funds (ETFs) set up in Gujarat International Finance Tec-City, or GIFT City, will now enjoy tax exemptions along similar lines as available to specified funds". "Now retail funds in GIFT will get the same tax benefit like category III Alternative Investment Funds (AIFs)," said Suresh Swamy, partner, Price Waterhouse & Co.

entrepreneur Senain Sawant has shared a harrowing experience of a job interview gone terribly wrong. The founder of Grump India, Sawant was left stunned when a potential social media executive not only failed to impress during the interview but also resorted to verbal abuse.

natural gas (LNG) import deals as it expects to start its 5 million ton per year (tpy) LNG terminal in western India by end of this year, its head of finance said on Tuesday.

Piper Sandler chief global strategist Nancy Lazar unpacks the state of hardworking Americans under record inflation on Making Money.

Friendship Day is an occasion to celebrate the bonds we share with our friends. The date for this celebration varies worldwide, with it being observed on July 30 as recognized by the United Nations and on the first Sunday of August in countries like India. Proposed by Joyce Hall, founder of Hallmark Cards, as a day to appreciate friendships, the day has evolved with different dates and customs across the globe. The UN’s recognition promotes peace and solidarity through friendship, while the sentiment behind the day remains globally universal—honoring friends who offer unwavering support and love.

India vs Sri Lanka Live Score, 3rd T20I: The grounds at Pallekele International Cricket Stadium is set to witness the third match between India and Sri Lanka, of the T20I series. Chasing a target of 78 runs, in 8 overs, India had won the second T20 match.

Crypto exchange CoinDCX has elevated Mridul Gupta as its founding partner, the company said on Tuesday. In his new role, Gupta will be responsible for meeting the company's growth goals, focusing on international expansion, building teams and driving profitability. In addition, he will continue to be responsible for the India market, strengthening the firm's product portfolio, marketing, partnerships and operations to accelerate its growth in the country.

Aditya Birla Sun Life Mutual Fund has filed a draft document with Sebi for a new defence fund, becoming the third fund house to offer a passive fund focused on the defence sector. The draft is for the Nifty India Defence Index Fund.

Panorama Studios International has announced July 31 as the record date for its 1:5 stock split. This means today is the last day to purchase shares in order to qualify for the split. Earlier in June, Panorama Studios revealed that it would split its shares in a 1:5 ratio. As a result, each share with a face value of Rs 10 will be split into 5 shares with a face value of Rs 2 each.

Google became one of the world’s largest companies by building the world’s most popular internet search engine. But the advent of AI has spawned an army of rivals ready to upstage its monopoly. Now, with OpenAI showcasing SearchGPT, should Google be scared? Not really.

₹185 trillion, or 56.8% of the GDP, during 2024-25, minister of state for finance Pankaj Chaudhary said in a written reply to the Lok Sabha on Monday. According to the International Monetary Fund, World Economic Outlook, April 2024, India's GDP at current prices has already reached $3.57 trillion in 2023-24. Experts said the Centre could look to stabilise the fiscal deficit at 4% after 2025-26, by targeting a range of 3.7%-4.3%.

Finra has fined a California-headquartered broker dealer $475,000 for a years-long failure to establish and maintain adequate supervisory systems to prevent excessive trading that resulted in millions of dollars in trading costs across roughly one hundred accounts.

Brad Pitt and George Clooney are set to feature in 'Wolfs'. The crime thriller will be releasing this year. Apart from Pitt and Clooney, 'Wolfs' will feature Richard King, Amy Ryan, and Austin Abrams.