International Financial News

one Gaganyaatri from ISRO will undertake space travel to ISS", Singh said in the written reply. " This is a collaborative effort of ISRO, NASA, and NASA-identified private entity, i.e. Axiom Space.

Focus Features announces the release date for Steven Soderbergh's spy drama "Black Bag," starring Cate Blanchett and Michael Fassbender. The film will hit theaters on March 14, 2025.

Nita Ambani, a renowned philanthropist and founder of Reliance Foundation, has been unanimously re-elected as a member of the International Olympic Committee (IOC) from India at the global olympic body's 142nd session in Paris.

Businesses and shoppers who for the last two years pulled back on outfitting their homes and offices are back to buying chairs, couches and desks, which may be a boon for furniture maker MillerKnoll. The global design company, which sells everything from Eames chairs to desks, rugs and lamps under the brands Herman Miller, Knoll and Design Within Reach, for the first time in a couple of years saw organic order growth in the three month-period ended June 1. For differing reasons, two of MillerKnoll’s major customer groups slowed their furniture-buying in recent years.

Shanghai Cooperation Organization (SCO) held a joint anti-terrorism drill in China focussing on live drills and specialised operations such as the «eradication of terrorist groups,» China's Ministry of Public Security has said. The 'Interaction-2024' joint counter-terrorism exercises were held recently in northwest China's Xinjiang Uygur Autonomous Region, the Ministry said.

Shares of MRF Ltd.(up 4.0 per cent), Apollo Tyres Ltd.(up 3.99 per cent), Tata Motors Ltd.(up 2.59 per cent), Tata Motors Ltd.(up 2.55 per cent) and Ashok Leyland Ltd.(up 1.25 per cent) ended the day as top gainers in the pack.

Pune, which had issued a seven per cent locomotor disability certificate to IAS probationer Puja Khedkar, has found in its internal probe that the document was as per the rules and there was no wrongdoing in its issuance, a senior official said on Wednesday.

Mint explores the details of VCCs and how they are likely to be attractive to overseas investors. Unlike typical funds where investors share risks and rewards uniformly, a VCC allows for sub-pools with different investment objectives, investors, and asset classes, all governed by the same board and managed by a single fund manager, custodian, auditor etc. Under the current Securities and Exchange Board of India (Sebi) and International Financial Services Centres Authority (IFSCA) regulations, an AIF may be set up as a trust, an LLP or a company.

The teams that proposed use cases in an initial challenge conducted earlier this year represent veteran financial companies, fintech firms, technology firms, and private teams. The use cases that were selected by an internal committee at the central bank deal with a variety of functions: connectivity between the digital shekel, other payment systems, and cash; use of the advanced functionalities offered by the digital shekel, such as subwallets, conditional payments, and split payments; and the implementation of various technologies while using the digital shekel as a means of payment. The central bank intends to put participant proposals to the test in a digital sandbox in August, with products developed to be showcased at a concluding conference at the end of October. Bank of Israel deputy governor Andrew Abir says: “We have learned quite a lot from the process thus far in building the Challenge and in discussions with the teams that have shown interest, and I am certain that we will learn much more from the case uses that will be developed by the selected participants.

Skill development and creation of employable youth with skills for future is one of the key themes of the Union Budget 2024. With this objective, the Government has rolled out a new internship scheme for 500 top companies in India. Though participation under the scheme is voluntary, it does have benefits that organisations may want to explore to build workforce for future.

Mt Gox on Wednesday transferred 37,477 Bitcoin (worth $2.47b) from a cold wallet to an unknown address, according to Arkham Intelligence.

Saurya Airlines plane crash at Kathmandu's Tribhuvan International Airport resulted in the deaths of 18 individuals. The incident occurred as the aircraft, carrying 19 people, caught fire shortly after skidding off the runway. The dramatic event was captured on video and shared on social media, though the authenticity of the footage remains unverified. Other footage displayed rescue workers sifting through the burned wreckage scattered across green fields, with bodies being transported to ambulances on stretchers as local residents observed. Officials reported that the airport was temporarily closed.

Japan’s government says it has protested against Russia’s announcement that it is permanently banning 13 Japanese citizens, mostly business leaders of prominent companies including Toyota Motor Corp., in retaliation for Tokyo’s sanctions over the Russi...

On Tuesday (23 July), three senior judges in London heard a legal challenge from the regulator over the Upper Tribunal's decision in July last year to rule in favour of the hedge fund and reject the FCA's demand for investor compensation. In December 2021, the UK's financial watchdog said it would fine BlueCrest £40.8m for an alleged conflict of interest, a move that was challenged by the London-based firm.  The FCA considered that, from 1 October 2011 to 31 December 2015, BlueCrest moved portfolio managers from the main client fund to its internal fund and partly replaced them with a...

Israel on October 7th, that “terrorism pays". Ireland, Norway and Spain are joining the majority of countries: almost three-quarters of members of the UN recognise Palestine. What exactly does that mean—and who are the holdouts? There are no binding rules about when one country should recognise another, but international law provides some guidelines.

U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago

Brazil’s Forest Service has announced a plan to bring a massive area of Amazon rainforest currently vulnerable to illegal deforestation under national governance Tuesday

quarterly results for the April-June 2024 period on Wednesday. Key results to watch out include L&T, Axis Bank, Bajaj Finserv and SBI Life. Apart from the above, companies like CMS Info Systems, Craftsman Automation, DCB Bank, Epack Durable, Federal Bank, Go Fashion, Jindal Steel, JK Paper, Mahindra Lifespace, KPIT Technologies, Ramco Systems among others will also announce their results.

angel tax across all investor classes marks a landmark reform benefiting India's startup ecosystem, the US India Strategic and Partnership Forum (USISPF) said Tuesday and applauded the proposal in the Union budget to reduce tax rates for the foreign companies to 35 per cent. «India has long been a country of engineering and tech talent, yet there have been gaps in the innovation ecosystem. The abolition of the angel tax across all investor classes marks a landmark reform benefiting India's startup ecosystem. This important reform will stimulate increased startup funding from both domestic and international sources,» the US India Strategic and Partnership Forum (USISPF) said.

reforms to improve the domestic shipping industry and generate more jobs in the sector.

Narendra Modi has been in office since 2014, this is the 11th successive budget of his tenure. There will be signs of continuity, as well as critics who will say that one measure or the other should have come much earlier rather than now. While all this is well-taken, the fact is, every budget — even if part of a continuum — also has its individual context. This context is both political and economic.