International Financial News

T20 World Cup champions India will take on Zimbabwe in the second match of the 5-match T20 series at Harare Sports Club. Zimbabwe defeated India by 13 runs in the first T20 international at Harare Sports Club. Despite struggling to 115 for nine, with Ravi Bishnoi taking a career-best four for 13, Zimbabwe bowled out India for 102. This loss ended India's 12-match winning streak in T20Is. Shubman Gill acknowledged that while the team bowled well, their fielding was subpar and they appeared rusty. India lost four wickets for 22 runs early, and Gill's dismissal for 31 further dashed their hopes. Sikander Raza, who took three for 25, highlighted the need for better batting despite the win. An unbeaten last-wicket stand of 25 proved crucial for Zimbabwe.

this is the ultimate report you’ll need. The reason why I started this editorial with penny stocks is because the semiconductor stock that ace investor Mukul Agrawal is bullish on, used to be a penny stock not so long ago. Back in 2020, when we first wrote about semiconductor stocks and how the theme is expected to pick up in the coming years, this semiconductor stock was trading at around ₹50-60 per share.

penny stock: a 1,200% surge punctuated by two crashes of more than 40% — all in the span of less than nine months. But PT Barito Renewables Energy is Indonesia’s biggest company by market capitalization — an $85 billion geothermal power producer controlled by one of the country’s richest tycoons. Barito’s wild swings – the most extreme among companies worldwide valued at $50 billion or more based on 30-day volatility – have perplexed professional analysts, stoked fevered trading among retail investors and challenged regulators’ attempts to bring more order to an increasingly volatile market.

Indians in Qatar will be able to scan a QR code and make payments via UPI as NPCI International Payments (NIPL) has signed an agreement with QNB, the largest financial institution in the Middle East and Africa, headquartered in Qatar. «We believe that enabling UPI acceptance in Qatar will offer substantial benefits to the large number of Indians visiting the country and simplifying their transactions,» said Anubhav Sharma, deputy chief of partnerships and business development at NPCI International. The number of Indian tourists travelling to the Gulf Cooperation Council (GCC) countries is projected at 9.8 million in 2024, with the UAE anticipating 5.29 million arrivals from India, a release from NPCI said.

On Friday afternoon, when many Canadians were lost in weekend thoughts or already on their way to the cottage, Canada’s bank regulator — The Office of the Superintendent of Financial Institutions — announced it will delay for one year implementing the final elements of the Basel III accord.

China is known for its mega hydroelectric plants and giant thermal power projects not only on its land but in many other countries as well, it has set a record by switching on the world's largest solar plant, which has more than five million panels. According to the TCD, the government-controlled China Green Electricity Investment of Tianjin has switched on the 3.5 GW Midong PV farm in Urumqi, Xinjiang region. It is a subsidiary of China Green Development Group (CGDG). China Construction Eighth Engineering Division Corp and Power Construction Corporation of China (PowerChina) invested a massive amount of CNY 15.45 billion in this project. Also Read: Bando Stone & The New World: Here’s all we know about release date, trailer, plot and more

CESC Ltd.(up 5.74%), Karma Energy Ltd.(up 5.00%), Energy Development Company Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.71%), Adani Power Ltd.(up 3.86%), GE Power India Ltd.(up 3.74%), Jaiprakash Power Ventures Ltd.(up 3.27%), Torrent Power Ltd.(up 3.08%), Kalpataru Projects International Ltd.(up 2.44%) and KPI Green Energy Ltd.(up 2.39%) stood among the top gainers.

DLF Emporio, one of the country's largest luxury shopping destinations, recently concluded its luxury shopping festival in May to induce additional demand. Over a two week period, customers spent about ₹30 crore at the festival, largely led by fashion and jewellery purchases. Amit Pande, business head of The Collective & international brands at Aditya Birla Fashion and Retail Ltd., said June saw a recovery for the sector following the summer and general elections.

Shares of Samvardhana Motherson International Ltd.(up 3.16 per cent) and Bosch Ltd.(up 1.16 per cent) ended the day as top gainers in the pack.

Pakistan has reached an agreement for a new $7 billion loan deal with the International Monetary Fund

financial institutions must guard against any misadventure or intelligent interpretation of regulations or accounting standards, deputy governor Swaminathan J said in his remarks at the conference of CFOs and statutory auditors organised by the Reserve Bank of India (RBI). Banks must also keep the amount of internal accounts to the minimum as some of these accounts have been found to be used as a conduit for certain fraudulent transactions, Swaminathan who is in charge of financial supervision and inspection departments with the central bank among others said. “We found certain banks having lakhs of such accounts with apparently no valid reason. Some of these accounts were also used as a conduit for certain fraudulent transactions and ever-greening of loan accounts. Internal accounts are high risk in nature on account of its potential for misuse. I therefore request the CFOs to have them rationalised completely, bring them down to the essential minimum and exercise greater control through periodical reconciliation and a proper reporting to the audit committee of the board (ACB), Swaminathan said.

Pepsi and Coca-Cola, a staple of countless Indian television advertisements over the decades, seems set to spill over into the Indian stock markets. Ravi Jaipuria, chairman of RJ Group, began his career as a vendor for Coca-Cola before switching allegiance to Pepsi in the 1990s. His group's flagship company, Varun Beverages, now stands as the largest bottler of PepsiCo's beverages globally, outside the US.

Sunita Williams said it was a test flight and they were expecting some finding which could be used to improve the next flight. Butch Wilmore and Suni Williams blasted off on June 5.

BERLIN—To anyone familiar with the England national soccer team’s long and tortured history of humiliations and pratfalls, the squad that will play in Sunday’s European Championship final on Sunday has been completely unrecognizable. The close calls have gone their way. They have won penalty shootouts.

MUMBAI , NEW DELHI : Mumbai/New Delhi: The market for voluntary carbon trading is picking up in India, even before the planned rollout of an official mechanism to speed up the decarbonization journey. However, an abundance of carbon certificates due to the flurry of renewable energy projects has dampened their prices, experts said. At the heart of this market are international renewable energy certificates (I-REC) accrued by the country’s fast-growing clean energy sector.

Adani Group, and India, have scripted history with a big cargo ship called San Fernando from China arriving at Kerala's newly built Vizhinjam International Sea Port. The 300-metre-long San Fernando, operated by Maersk, one of the world’s leaders in shipping and logistics, is the first commercial container cargo vessel to dock at India's largest transhipment port. Kerala Chief Minister Pinarayi Vijayan and Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal formally welcomed the ship. «The commissioning of Vizhinjam Port has started a new chapter in the development of Kerala. This moment is a matter of pride for our country too,» Vijayan said. «This milestone marks India's entry into global transshipment and ushers in a new era in India's maritime logistics, positioning Vizhinjam as a key player in global trade routes. Jai Hind!» Adani Group chairman Gautam Adani wrote on X. Karan Adani, Managing Director of Adani Ports and SEZ Limited (APSEZ), said in a statement, “San Fernando – now berthed at our harbour — is a symbol of a new, glorious achievement in Indian maritime history… No other port in India – including our own highly advanced Mundra Port – has these technologies. What we have already installed here is South Asia’s most advanced container handling technology. And once we complete the automation and the Vessel Traffic Management System, Vizhinjam will be in a class of its own as one of the most technologically sophisticated transshipment ports in the world.”

astronaut Tracy Dyson's spacesuit 31 minutes into a spacewalk outside the International Space Station (ISS) earlier this week, she was put in a terrifying scenario. The leak prompted Dyson and fellow astronaut Mike Barratt to abort their mission, which prompted the onboard team to look into the problem. Considering that NASA's existing spacesuit design is based on the Space Shuttle Program from the 1980s, this tragic event emphasized the critical need for new suits, as reported by 'Yahoo News'. Also Read: World's largest solar plant has five million PV panels. Where is it located and how much electricity will it produce? Know in detail

here.India cricketers have received a rousing welcome home from fans after winning the Twenty20 World Cup final in Barbados.India skipper Rohit Sharma held up the World Cup trophy after arriving at New Delhi International Airport early Thursday morning.Hundreds of supporters were gathered at the airport, many waving the national flag and chanting “India, India."There were thousands more waiting to continue the celebrations, which started Saturday and were about to ramp up.

A group of underwriters led by Bank of Montreal launched a US$2.55 billion loan Monday to back the acquisition of Nuvei Corp., marking the biggest buyout deal since April.

Army personnel, including a junior commissioned officer, were killed and five others injured in a remote village of Kathua district of Jammu and Kashmir on Monday, when infiltrators ambushed a routine patrol vehicle near Badnota village of the area. Officials claimed that the incident took place at around 3:30 pm on the Machedi-Kindli-Malhar road, which is around 150 km from the main Kathua town. Elite para commandos have been deployed on the ground as the operation continued with the intermittent exchange of fire.

Zimbabwe and India will be looking to the future when they start a five-match Twenty20 international series at the Harare Sports Club on Saturday. Outgoing Indian coach Rahul Dravid described India's win in the T20 World Cup in Barbados last Saturday as the end of «a journey of two years». With the next T20 World Cup scheduled for India and Sri Lanka in 2026, the series in Zimbabwe marks the start of a new two-year journey for both sides.