International Financial News

customs duty on gold will help reduce smuggling and aid the economy, businesses and employment, commerce and industry minister Piyush Goyal said in an interaction. He said easier norms for foreign direct investment (FDI) could entail expedited and automatic approvals. Edited excerpts:

central armed police forces such as CRPF, BSF and CISF. For the much-delayed Census and updation of National Population Register, the budget allocated ₹1,309 crore. With an eye on China, the Vibrant Village Programme, started in 2023-24, received a boost with the allocation of ₹5,105 crore, up from ₹3,389 crore last year. The budget allocated ₹3,720.13 crore for improving infrastructure along the international border, women's safety, police infrastructure and modernisation of police forces.

Air India Express continued its network expansion, connecting Bengaluru to Abu Dhabi with its first direct international service from India's IT capital on Tuesday, officials said. With over 200 weekly flights, Bengaluru is the largest station for Air India Express, they said. In a statement, the airline said, «With the launch of the Bengaluru-Abu Dhabi flight, guests from cities such as Ayodhya, Bagdogra, Bhubaneswar, Chennai, Goa, Guwahati, Gwalior, Hyderabad, Indore, Jaipur, Kolkata, Lucknow, Pune, Ranchi, Varanasi, and Visakhapatnam now have the option to connect conveniently to Abu Dhabi through one-stop itineraries via Bengaluru.» Air India Express operates direct flights connecting Abu Dhabi to Bengaluru, Kannur, Kochi, Kozhikode, Mangaluru, Mumbai, Thiruvananthapuram, and Tiruchirappalli and connects 17 Indian cities to Abu Dhabi via convenient one-stop itineraries, it added.

Doing business across provincial lines is starting to get easier but progress is slow, says the Canadian Federation of Independent Business.

₹9,941 crore (budget estimate or BE). This is only a marginal increase from the ₹9,877 crore spent during 2023-24 (revised estimates or RE). The budget for apex research institutions which include the Indian Council for Agricultural Research (ICAR), central agricultural universities and the National Academy for Agricultural Sciences (NAAS) is ₹7,103 crore for 2024-25, lower than the ₹7,248 crore spent last year.

Senator Eric Schmitt from the Republican Party has written a letter to Cabinet members of the Biden administration and Vice-President Kamala Harris urging them to invoke provisions of the 25th Amendment of the US Constitution. This development follows the decision of Joe Biden to end his election campaign. He will continue to serve as the US President.

Rajesh Magow, group CEO of MakeMyTrip said its gross booking value for quarter one was more than $2.4 billion, with growth at 22% year on year in constant currency terms, and the adjusted operating profit was $39.1 million registering a growth of 30% year on year.

bankruptcy court in Mumbai directed the successful bidder of Reliance Capital (RCL), Hinduja group-owned IndusInd International Holdings (IIHL) to deposit the equity amount into the escrow account by July 31.

Heathrow Airport, JFK, and many other airports in United States and Europe were massively affected over the past few das due to the global IT outage, that rendered Microsoft applications and services inaccessible. A Microsoft CrowdStrike which was ascertained to be the reason behind this, led to thousands of passengers being stranded at airports and had to wait for their flights as some got delayed, rescheduled, or even cancelled.

Nirmala Sitharaman of a scheme for providing internship opportunities in 500 top companies to one crore youth over five years lays the foundation for a future-ready workforce, creating a pool of skilled professionals in tune with industry demands, said experts.

Nirmala Sitharaman has reiterated the government's intention to promote the rupee as an international currency.

gold and silver to 6%, bullion prices fell sharply on Tuesday. While the August gold futures fell 3.4% or by Rs 2,468 per 10 gm to hit the day's low of Rs 70,250, silver September futures on the MCX tanked by Rs 3,200 per kg or 3.6% to hit the intraday bottom of Rs 86,000. The reaction was triggered by Finance Minister Nirmala Sithraman’s announcement about the cuts in her Budget speech. She presented her seventh Union Budget on Tuesday.

In a boost to the London Stock Exchange, which has suffered a number of setbacks in recent years, Canal+ could gain a listing on the exchange as part of Vivendi's exploration of whether to split its business in three, the group said in a statement on Monday (22 July). The group said the choice to list in London highlights Canal+'s growing international operations, as it undertakes a $2.9bn (£2.2bn) acquisition of Multichoice, Africa's largest pay-TV operator. FCA introduces overhaul of UK listings regime to bolster stock markets With close to two-thirds of its subscribers outside o...

Federal officials are investigating an incident in which a Southwest Airlines jet flew as low as 150 feet over water while it was still about 5 miles from its intended landing spot in Tampa, Florida

Nigerian legislators have begun an investigation into the alleged importation of contaminated fuel into the country, part of efforts to resolve issues causing a rift between an oil refinery owned by Africa’s richest man Aliko Dangote and the industry r...

silver September futures at MCX opened 0.21% or Rs 191 lower at Rs 89,012/kg. Gold prices have fallen by Rs 1,500/10gm in the last one week whereas silver prices have witnessed a fall of Rs 4,600/kg in the same duration.

«I think there is a role the industry can play and if there are tax reforms that can help that process, that would be welcome. And in terms of equity, we play a big role in terms of long-term wealth creation for investors and so any tax proposals that help that process will also be, to my mind, a welcome step for the industry,» says Anthony Heredia, CEO, Mahindra Manulife AMC. Let us start by AMFI's 16-point proposal that has been sent and there are a lot of expectations in terms of rationalising the tax structure and the capital gain structure and what according to you are the pressing issues which are actually highlighted in the 16-point proposal sent to the finance minister from AMFI? Anthony Heredia: So, I would not put it as concerns. I think the thing that the industry looks forward to firstly continuity of reform of the progress we have seen, so I would say that would be the primary expectation. But we do believe we have a very significant role to play in terms of the ability for corporate bond markets to grow and one of the requests we would have is perhaps a rethink on the tax changes that happened on debt funds a couple of years back.

In this article, we shall be discussing some of the best gift options under a price range of 3000 that you can consider giving your friends on this special occasion. From self-care kits, tech accessories, and bags to coffee brewing equipment to bar sets, there is much to explore.

The United Nations Security Council has unanimously approved more transparent procedures for the hundreds of individuals, companies and other entities who are subject to U.N. sanctions and want to get off the blacklists