International Financial News

Turkey has welcomed a decision by an international watchdog to remove it from a so-called “gray list” of countries that have not fully implemented measures to fight money laundering and terrorism financing

Part of a departure terminal canopy at New Delhi’s main airport has collapsed as monsoon rains lashed the Indian capital, killing one person and injuring six others

Stocks that traded heavily or had substantial price changes on Thursday: Walgreens, International Paper fall; McCormick, Apogee rise

Impose a wealth tax on the super-rich! The call for a wealth tax on the super-rich arises frequently from citizens around the world, but, unfortunately, it has not yet been addressed by the authorities concerned. This demand resurfaces time and again, only to fade into the background. Over the past two decades, the issue of taxing the ultra-rich has been widely debated and highlighted by the media as well.

The Dwarka Expressway has sparked a surge of activity in Gurugram’s real estate market, catching the attention of homebuyers and investors alike. This corridor represents a significant breakthrough in the saga of Gurugram’s development, fuelling economic growth and changing the city’s skyline. Alongside rising property values, the expressway has electrified the expansion of infrastructure and boosted economic activities in the region. Gurugram now stands at the forefront of India’s growing real estate sector, attracting interest from both domestic and international markets. The buzz surrounding the Dwarka Expressway drums up its pivotal role in shaping Gurugram’s future as a vibrant and dynamic urban centre.

Crossmark Global Investments chief market strategist Victoria Fernandez analyzes the state of the consumer ahead of the June FOMC meeting on 'Making Money.'

Top Gainers: Reliance Industries (up 2.31%), Tata Motors (up 1.86%), Asian Paints (up 1.31%), Nestle India (up 0.98%), Wipro (up 0.82%)Top Losers: Indusind Bank (down 2.61%), Axis Bank (down 2.05%), Bharti Airtel (down 1.80%), ICICI Bank (down 1.60%), Kotak Mahindra Bank (down 1.41%)Top Gainers: Dr Reddys Laboratories (up 2.67%), Oil & Natural Gas Corporation (up 2.50%), Reliance Industries (up 2.28%), SBI Life Insurance Company (up 1.95%), Tata Motors (up 1.82%)Top Losers: Indusind Bank (down 2.55%), Bharti Airtel (down 2.15%), Axis Bank (down 1.84%), ICICI Bank (down 1.66%), Kotak Mahindra Bank (down 1.53%)Top Gainers: Persistent Systems, Steel Authority Of India, MRF, Petronet LNG, Godrej PropertiesTop Losers: Polycab India, Vodafone Idea, Cummins India, GMR Airports Infrastructure, Page IndustriesTop Gainers: CEAT, IIFL Finance, Praj Industries, Mahanagar Gas, Gujarat Narmada Valley Fertilisers & ChemicalsTop Losers: Crompton Greaves Consumer Electricals, PVR Inox, Nippon Life, BLS International Services, CIE Automotive IndiaTop Gainers: CEAT (up 8.76%), Bombay Burmah Trading Corporation (up 7.78%), IIFL Finance (up 7.69%), Praj Industries (up 7.32%), Mahanagar Gas (up 7.02%)Top Losers: Clara Industries (down 6.12%), Samvardhana Motherson International (down 4.11%), Godfrey Phillips India (down 3.95%), Polycab India (down 3.63%), Avenue Supermarts (down 3.55%)Top Gainers: CEAT (up 8.57%), IIFL Finance (up 7.87%), Bombay Burmah Trading Corporation (up 7.40%), Praj Industries (up 7.35%), Mahanagar Gas (up 6.22%)Top Losers: Samvardhana Motherson International (down 4.15%), Godfrey Phillips India (down 4.11%), Avenue Supermarts (down 3.74%), Polycab India (down 3.57%), Vodafone Idea (down 3.40%):Milestone Alert! Livemint

Inside Out 2, sequel to the successful Pixar film, which released nine years ago. The newest instalment takes forward Riley’s journey, who is now a pre-teen. And once again, we get immersed in a world of emotions—Joy, Sadness, Anger, Fear and Disgust—that control the feelings within her.

New Zealand has announced new immigration rules that won't let some foreign workers sponsor their dependents for work, visitor, or student visas. These regulations aim to streamline visa processes while ensuring that visa sponsors meet specific criteria aligned with New Zealand's economic and immigration priorities. Starting June 26, changes to visa regulations in New Zealand mean that individuals holding an Accredited Employer Work Visa (AEWV) at ANZSCO levels 4 and 5, without a pathway to residency, can no longer sponsor their partners and dependent children for work, visitor, or student visas. This adjustment aligns with broader revisions to the AEWV scheme earlier this year, returning conditions to those similar to the previous Essential Skills Work Visa. However, partners and dependent children can still apply for their own visas, such as the Accredited Employer Work Visa or international student visas, provided they meet the respective criteria.

The category reserved for non-institutional investors was subscribed the most at 94 times, followed by retail investors at 34 times and QIB investors at just over 9 times.

Sebi has allowed up to 100 per cent aggregate contribution by non-resident Indians, Overseas Citizens of India, Resident Indians in the corpus of FPIs that are based out of International Financial Services Centre (IFSC). The move is expected to enhance investment by Foreign Portfolio Investors (FPIs) in India. In a circular issued on Thursday, Sebi said it has amended FPI rules to «provide flexibility of having up to 100 per cent aggregate contribution by non-resident Indians (NRIs), Overseas Citizens of India (OCIs) and Resident Indians (RI) Individuals in the corpus of FPIs based in IFSCs in India and regulated by International Financial Services Centres Authority (IFSCA)».

Crypto exchange Coinbase has partnered with payments company Stripe to benefit both their customer bases.

Donald Trump has said his administration opted out of the landmark Paris Climate Accord in 2017 as it was a «rip-off» which would have cost Washington USD 1 trillion, as he claimed that India, China and Russia weren't paying for it. Trump, the presumptive candidate of the Republican Party, made the claims at the first of presidential debates with his Democratic Party rival President Joe Biden on Thursday, where the two 2024 presidential candidates sparred over the state of the economy, border, foreign policy, abortion, national security and climate change. During their roughly 90-minute debate marred by personal attacks, Trump, 78, claimed that the Paris Climate Accord would have cost USD 1 trillion and the US was the only country that had to pay.

On Thursday, gold and silver settled on a positive note in the international as well the domestic market. On MCX, gold August futures contract settled at Rs 71,572 per 10 grams with a gain of 0.68% and silver july futures contract settled at Rs87,048 per kilogram with a gain of 0.10%

Medicamen Organics listed with a premium of 305.44% on the NSE SME platform on Friday. The stock debuted at Rs 137.85, compared with an issue price of Rs 34 Ahead of the listing, the company's shares were trading with a premium of Rs 50 in the unlisted market.

Red Chillies Entertainments posted a Rs 85 crore net profit for the fiscal year ended March 31, 2023, compared with a loss of Rs 22 crore in the previous financial year, according to the company’s latest regulatory filings. Revenue rose 2.3 times to Rs 300 crore from Rs 130 crore in FY22, the filings with the Ministry of Corporate Affairs showed. The privately held company has yet to report results for the fiscal year through March 2024.

₹137.85 apiece on NSE SME, a premium of 305.44% to the issue price of ₹34 per share.Medicamen Organics IPO listing was stronger than the market expectations. Medicamen Organics IPO GMP today ahead of the listing was ₹70 per share, indicating a listing premium of more than 205%.The initial public offering (IPO) of pharmaceutical dosages manufacturer Medicamen Organics Ltd was launched on June 21 and the bidding ended on June 25.

Rain in Delhi today Ahead of the onset of monsoon in the national capital, several parts of Delhi and adjoining areas will witness light to moderate intensity rain with heavy intensity rain over isolated places in the next two hours, said Delhi’s Regional Weather Forecasting Centre on Friday.“Thunderstorm with light to moderate intensity rain with heavy intensity rain over isolated places and winds with speed of 20-40 Km/h would occur over and adjoining areas of entire Delhi and NCR, Sonipat, Rohtak, Kharkhoda, Mattanhail, Jhajjar, Farukhnagar," wrote RWFC Delhi on X. Has monsoon arrived in Delhi?Delhi has witnessed heavy rainfall since last night, and people wonder whether the monsoon has arrived in the national capital.

NASA said on Thursday that it would continue to evaluate Starliner's propulsion system performance along with Boeing before the shuttle returns from the International Space Station (ISS). NASA and Boeing did not provide a new date on the return, which had been set for June 26 after a pushback from the first potential date of June 14.

Stock market experts are predicting a robust premium for the Stanley Lifestyles IPO listing price, given the overwhelming response from primary market investors. Positive sentiments on Dalal Street are also expected to bolster the bull's sentiment regarding Stanley Lifestyles' share listing.

The Federal Reserve should wait to cut interest rates until «at least» the end of the year, according to the head of the International Monetary Fund. The U.S. is the only G20 economy to see growth above pre-pandemic levels, and «robust» growth indicates ongoing upside risks to inflation, the 190-country agency said.