International Financial News

an election year’. Investors looking for stability shifted their focus to strong fundamentals and a few promising sectors rather than betting on the overall market. With the economy battling inflation and high interest rates, companies had to find a way to take advantage of the country's economic growth.

In a game-changer for frequent travellers and students studying abroad, the Reserve Bank has allowed resident Indians to open foreign currency accounts in Gujarat International Finance Tec-City, or Gift City.

Virat Kohli has thanked Prime Minister Narendra Modi for a congratulatory call following the team's T20 World Cup triumph on Saturday. Kohli, who received the Player of the Match award for his crucial innings of 76 runs against South Africa in the final, responded to PM Modi on X, appreciating his kind words and encouragement. «Dear @narendramodi sir, thank you so much for your very kind words and unwavering support. It has been an honor to be part of this team that has brought the trophy home. We are deeply touched and overwhelmed by the joy it has brought to the entire nation,» Kohli wrote.

Estonia’s ruling center-right Reform Party has chosen Climate Minister Kristen Michal to replace outgoing leader Kaja Kallas as prime minister of the Baltic country

₹11,000 crore container PLI scheme to be spread over a nine-year period, beginning 2024-25. The plan was to manufacture 20 feet and 40 feet length containers of various configurations. The aim of this scheme was to raise domestic manufacturing of containers so that India could potentially compete with China over it and garner at least 10% of demand from global liners.

Banks are in a fix over the latest regulation from the Telecom Regulatory Authority of India (Trai) that mandates digital consent for sending commercial communication. Lenders have reached out to the government, seeking clarity on whether consent is needed even for sharing transaction details, a practice currently followed as per Reserve Bank of India (RBI) guidelines, people familiar with the development told ET.

INDIA bloc allies are working to consolidate gains by scoring impressively in the upcoming assembly polls in Maharashtra, Jharkhand and Haryana. Gauging that the electoral outcome in these three states headed for polls in September-October could have political implications even beyond them, Congress and its allies are working on strategies to get a head start besides firming up their internal unity. This even as opposition camps are expecting and preparing for the much-awaited elections in Jammu and Kashmir around the same time.

Mint. The government hopes to make concrete progress on these proposals within a year, the official added. According to data from the Airports Authority of India, all operational airports handled 3.4 million tonnes of freight in 2023-24, including 2 million tonnes of international freight.

RVNL, REC and CAMS were among those that offered a glimmer of hope in an otherwise bleak trading environment. RVNL has been a standout performer for the day with gains of over 8% while trading at Rs 587 on NSE after the company announced that it has received a letter of acceptance from Maharashtra Metro Rail Corporation (Nagpur Metro).

Indian cricket was confirmed on Tuesday evening (July 9) when Jay Shah, secretary of the Board of Control for Cricket in India (BCCI), announced that Gautam Gambhir would be the next head coach of the senior men’s team. Gambhir’s appointment is an expected one, an obvious one even, but oddly, also a slightly left-field choice. It was expected in that he was the preferred candidate of the powers that be. It was obvious in that he had relinquished his position as a member of parliament and simultaneously succeeded in guiding his IPL team to a trophy. It’s left field because Gambhir has no previous coaching experience whatsoever. Gambhir has not coached a state team in the Ranji Trophy, he has not worked with a zonal or national age-group team and even in the IPL. He has been a mentor and a director of cricket of sorts rather than a hands-on coach. In the IPL, Gambhir has had a phalanx of coaches under him to run day-to-day operations while he focussed on the bigger picture.

Mint’s requests for a comment, Lal Sweets’ managing director Prateek Athwani declined to comment on the developments. Founded by Athwani, the Bengaluru-based company has exposure across general trade, modern trade, online marketplace, exclusive airport outlets and the export market. Lal Sweets is known for its ‘signature products’ such as Mysore Pak, Besan Laddoo, Kaju Katli and Dharwad Peda, as per the company’s official website.

multi-agency search operation is currently in progress to locate two women constables who have been missing from the BSF Academy in Tekanpur, Gwalior, for over a month. The missing constables, Akanksha Nikhar from Jabalpur and Shahana Khatoon from Murshidabad, West Bengal, were trainers at the academy since 2021. As per a TOI report, they disappeared on June 6, 2024. Authorities have alerted BSF units along international borders about their disappearance. The investigation has taken an unexpected turn following the discovery of “suspicious activity” on the constables’ phones. Tracing the phone records revealed that their devices were active in Delhi, Howrah, and Behrampore in West Bengal, near Murshidabad. Investigators are analyzing phone records and CCTV footage from these locations to understand the constables' travel patterns and investigate any potential connections to Shahana’s family in West Bengal. The last confirmed sighting of the constables was at Beacon Hospital in Behrampore on June 7, as verified by CCTV footage. Both their phones have been switched off since their departure from the hospital.

The portfolio manager joined Fidelity as a graduate, spending over eight years in fixed income quant research before being promoted to portfolio manager, a role he has held for nine and a half years. It is not clear, however, as to where Ferrarese will move to next. His exit follows the appointment of Allianz Global Investors' Mike Riddell, who will assume responsibility as the lead portfolio manager for Fidelity's strategic and total return bond strategies. Allianz GIobal Investors star bond manager Mike Riddell exits to join Fidelity After joining in August this year, Riddell wil...

Reasons to buyReasons to avoidThe Panasonic NN-CT353BFDG Convection Microwave Oven features a sleek mirror design and a capacity of 23 liters. It comes with a wide range of auto cook menus and a combination cooking feature. The oven also boasts a powerful quartz heater for faster and efficient cooking.Reasons to buyReasons to avoidThe Panasonic NN-CT645BFDG Convection Microwave Oven offers a large capacity of 27 liters and a unique black design.

Restaurant Brands International says it’s spending up to $45 million on two deals intended to boost its presence in China and spur growth in what the company sees as a promising market.

Shares of Tata Motors Ltd.(up 0.91 per cent), Tata Motors Ltd.(up 0.78 per cent), Exide Industries Ltd.(up 0.62 per cent), Eicher Motors Ltd.(up 0.37 per cent) and Bharat Forge Ltd.(up 0.12 per cent) ended the day as top gainers in the pack.

ISRO Chairman S. Somanath emphasized the necessity of international collaboration in developing planetary protection systems against asteroids, asserting that no single country can undertake this task alone.

Philippines Coast Guard has successfully tracked and challenged the Chinese Coast Guard (CCG) ship 5901 after it anchored in the Exclusive Economic Zone of Philippines. The ship was spotted in the South China Sea. Further, this ship is considered to the largest coastguard ship in the world and even larger than all most all of the US Coast Guard ships. It is said to be larger than even some of the regular ships of the US Navy fleet too. This deployment is yet another aggressive step taken by the Chinese and is being perceived as an act of intimidation and an utter disregard for international maritime law.

Dabur India and Marico climbed 4% and 6.5% to their respective day’s highs of Rs 633 and Rs 655 on BSE after the companies posted their Q1FY25 updates. Here are the company-wise Q1 updates:

The global oil market has been roiled over the last several years. The demand shock during the pandemic, gradually evolving demand dynamics due to the electric vehicle (EV) transition, disruption of tanker movements following the Israel-Hamas war and economic sanctions against Russia, in interaction with supply responses to these events, have impacted international oil prices, trade flows and investments. Emerging clean energy technologies and more widespread efficiency policies and techniques are combining to slow down growth in oil demand.