International Financial News

World Audio Visual and Entertainment Summit in November alongside the International Film Festival of India in Goa, with I&B Minister Ashwini Vaishnaw promising to strengthen the ecosystem for the protection of intellectual property rights in the media and entertainment sector. Vaishnaw and Goa Chief Minister Pramod Sawant made the announcement of the first World Audio Visual and Entertainment Summit (WAVES) in Goa from November 20-24 and described it as a visionary initiative by Prime Minister Narendra Modi as India seeks to make a mark in the media and entertainment sector. «IP rights hold huge value in the media and entertainment sector. We will be strengthening the ecosystem for protecting IP rights,» Vaishnaw, the Information and Broadcasting Minister, said in his address at the curtain raiser event for WAVES. Vaishnaw said the government was also exploring ways to make available low-cost funds to the media and entertainment sector with learnings from the venture capital model.

winning the World Cup title in Barbados.Hundreds of fans, holding placards congratulating their favourite players and waving the national flag, gathered outside the Indira Gandhi International Airport to welcome the victorious players.Meanwhile, taking to X, BCCI wrote, “It's home #TeamIndia." And netizens were quick to react to congratulate the team One said, Aa gayi ji aa gayi jiska barso se intejaar tha wo trophy ghar aa gayi. Another fan wrote,"A warm welcome to our country's heroes on their return to India after winning the World Cup!" “Welcome home team India finally after 17 years India is back with Trophy.....Grt moment......," said another fan.The squad is expected to leave for Mumbai on Thursday evening.

RBI. To achieve India’s ambitious growth objectives and fulfil India’s Nationally Determined Contributions, green finance is imperative. Climate risk disclosure frameworks work in complement with policymaking to support India’s net-zero target and are also pivotal in guiding companies and investors to navigate the opportunities and risks posed by climate change. The introduction of the disclosure framework is a laudable first step, signalling a concerted effort towards addressing climate risks and fostering climate action within the financial sector. These disclosures are poised to accelerate the evolution of Environmental, Social, and Governance (ESG) considerations in financial markets. Modelled on global standards like the Task Force on Climate-related Financial Disclosures (TCFD), they promise interoperability of data (especially relevant for companies operating globally) and reduce operational burdens for banks. Moreover, they foster a level playing field not only for comparison within the domestic financial system but also internationally.

Kim Yo Jong, the sibling of North Korean leader Kim Jong Un, described the recent live-fire drills conducted by South Korea as «suicidal hysteria» and vowed to take military action without giving details. Her warning came after two weeks of tense land and sea border shooting drills between South Korea and North Korea. After South Korea halted a 2018 deal meant to lower military tensions on the front lines, these were the first drills of that kind, as per the reports of Yahoo News.

The youngest son of Mukesh Ambani, Asia’s richest man, has married his longtime girlfriend in what many have dubbed the wedding of the year attended by global celebrities, business tycoons and politicians, highlighting the billionaire’s staggering weal...

As Thursday’s presidential debate reverberated through American politics, most attention focused on President Biden’s faltering performance. But there is another dimension to the story. The debate moved foreign policy to center stage in the presidential race even as it raised the temperature of world politics and increased the chances of more international crises as the U.S.

About a quarter of senior executives in GCCs are from the IT services sector, according to a study conducted by staffing firm Xpheno. The report was shared exclusively with ET. According to the findings, there are about 120 top GCCs in India with some 21,000 senior executive roles, including those of vice-president, assistant vice-president, senior vice-president and director. These senior executives have a minimum experience of 15 years, and in the last one year, more than 100 have moved from an IT company to a GCC.

Insolvency and Bankruptcy Code (IBC) reforms are expected to be announced in the finance minister’s forthcoming Budget speech. As the IBC is a complex business law on the solvency of corporate enterprises, it deserves priority attention. When the IBC was adopted by India in 2016, Parliament had intended that the time period for insolvency resolution be mandatorily limited to 330 days, inclusive of one extension and the time taken in legal proceedings.

In parts of Afghanistan where there are no street names or house numbers, utility companies and their customers have adopted a creative approach for connecting

Narendra Modi on Thursday said that terrorism in any form or manifestation cannot be justified and called on the international community to isolate and expose the countries that harbour terrorists, provide safe havens and condone terrorism. External Affairs Minister S Jaishankar delivered these remarks on behalf of PM Modi at the Shanghai Cooperation Organisation being held under Kazakhstan's Presidency in Astana. Calling SCO a principle-based organization whose consensus drives the approach of its member states, PM Modi stated, «At this time, it is particularly noteworthy that we are reiterating mutual respect for sovereignty, independence, territorial integrity, equality, mutual benefit, non-interference in internal affairs, non-use of force or threat of use of force as a basis for our foreign policies. We have also agreed not to take any measures contrary to the principles of state sovereignty and territorial integrity.»

Drivers for ride-hailing companies in Massachusetts are pushing ahead with what they describe as a first-of-its-kind ballot question that could win them union rights if approved by voters

ONGC Videsh Ltd (OVL), the overseas arm of state-run explorer Oil and Natural Gas Corp. (ONGC), is raising $800 million through a five-year loan from three domestic banks, people familiar with the matter said. The loan is likely to be priced at 120 basis points above the three-month international benchmark Secured Overnight Financing Rate (SOFR), the people said. «Three banks, state-owned Bank of Baroda (BoB), private sector Axis Bank and Singapore-based DBS Bank are the mandated lead arrangers for this loan which is now being syndicated to other banks. Bankers will go on a roadshow to Singapore and Taipei later this month to broaden the scope of lenders in this deal,» said one of the persons cited above.

OTTAWA — Canada’s banking regulator says it has delayed by a year a rule change established by international banking standards.

Air India cancelled a scheduled flight from the US to India and used the Boeing 777 plane for running a charter to ferry the Indian cricket team back home from Barbados, prompting the civil aviation regulator to seek a response from the Tata Group-owned airline, according to people with knowledge of the matter. A special Air India flight, chartered by the Board of Control for Cricket in India (BCCI), is carrying the T20 World Cup-winning Indian team and support staff from Barbados in the Caribbean to Delhi. The flight took off from Grantley Adams International airport in Bridgetown on Wednesday and was scheduled to land in New Delhi on Thursday at around 6 AM.

Gavaskar as one of his special heroes, and prayed for for his long and healthy life while sharing a photo of them together from early years.“The more batters spend time at the crease, the more free-flowing they become. You are no different.

Turkey has emerged as a leading exporter of television dramas, bolstering the nation’s international image and drawing millions of viewers and tourists to its historical and cultural sites which are backdrops to many of the shows

Hatsun Agro Products Ltd.(up 5.48%), Euro India Fresh Foods Ltd.(up 2.50%), ADF Foods Ltd.(up 2.15%), JHS Svendgaard Laboratories Ltd.(up 1.98%), Hindustan Foods Ltd.(up 1.95%), Dodla Dairy Ltd.(up 1.82%), Nakoda Group Of Industries Ltd.(up 1.22%), Mrs. Bectors Food Specialities Ltd.(up 1.21%), Bikaji Foods International Ltd.(up 0.91%) and Parag Milk Foods Ltd.(up 0.79%) were among the top gainers.

Former TV host Carlos Watson has taken the witness stand in the criminal trial surrounding the collapse of his Ozy Media

Wells Fargo Advisors’ big bet on stabilizing its sales force of financial advisors by focusing on its independent broker and investment advisor channel appears to be paying off, according to senior executives and industry sources with knowledge of the changes there.

American Airlines says a smoking laptop in a passenger’s bag prompted an evacuation on one of its flights headed to Miami from San Francisco International Airport

HDFC Bank, Morgan Stanley has an underweight rating on RBL Bank, Goldman Sachs has a buy call on L&T, and Antique has downgraded Ramco Cements. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: