International Financial News

The Noida Expressway, a key artery connecting Noida and Greater Noida, has emerged as a preferred destination for commercial real estate growth. This corridor is witnessing substantial demand for high-street retail and office spaces, spurring significant stride in the area’s real estate development. Investors and buyers view it as a comprehensive hub for entertainment, recreation, and workspace.

Radisson Hotel Group announced that it has signed 10 new hotels in just four days. These signings, it added, are across brands, including Radisson Blu, Radisson, Radisson Individuals, and its brand extension Radisson Individuals Retreats. The Group also entered five new markets and will be the first to open internationally branded hotels in Jawai (Rajasthan), Sagar (Madhya Pradesh), Yavatmal (Maharashtra), Ooty (Tamil Nadu) and Calicut (Kerala).

HDFC Top 100 Fund, one of the longest running mutual fund schemes in India, has given 19% Compound Annual Growth Rate (CAGR) returns over the last 27 years.

This initiative aims to help Delhi regain share of domestic liquor sales following the closure of the private-operated premium liquor stores due to the rescission of Delhi Excise Policy 2021-22 in September 2022, the report (by Atul Mathur) said. The arrival and departure areas of T3 currently have duty-free shops where international travelers can purchase liquor. However, domestic terminals will soon join the fray with their own shops following this new development. At its peak, the Delhi airport's domestic terminals housed six premium liquor stores, run by private entities, under the Delhi Excise Policy 2021-22. After the policy was withdrawn amid investigations by the CBI and ED for alleged irregularities, the Delhi government decided to return to the old excise regime, pushing the retail liquor business to four government corporations.

MCX gold August future contracts have been trading flat so far this week, falling by just Rs 70. It opened at Rs 71,515 per 10 gram today while the prices for silver July contracts on MCX fell by a little over Rs 2,000 in the same time period, opening at Rs 87,082/kg. On Tuesday, gold and silver settled on a weaker note in the international and the domestic market. Gold August futures contract settled at Rs 71,467 per 10 grams with a loss of 0.45% while silver July futures contract settled at Rs 86,937 per kilogram with a loss of 2.32%.

Taipei: Taiwan, on Wednesday, reported that a total of 18 China's People's Liberation Army (PLA) aircraft and 6 People's Liberation Army Navy (PLAN) vessels were detected operating around Taiwan as of 6 am (local time), Taiwan News reported. According to the Ministry of National Defence, of the 18 People's Liberation Army (PLA) aircraft, five crossed the Taiwan Strait median line in the northern, southwestern, and eastern sectors of the country's air defence identification zone (ADIZ). In response, Taiwan sent aircraft and naval ships and deployed coastal-based missile systems to monitor PLA activity, as per Taiwan News.

Bank Nifty was down by -120.2(-0.23%) at 26 Jun 2024 10:44:55 IST.Other stocks such as Ascom Leasing & Investments, Future Supply Chain Solutions, Sarthak Metals, Suumaya Industries hit their fresh 52 wk lows today.

AMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince Constantijn of the Netherlands.

IPO) of Vraj Iron and Steel opened for subscription earlier today. The company plans to raise around Rs 171 crore through the issue, which closes on June 28. The IPO comprises only a fresh equity issue of up to Rs 171 crore.

CESC Ltd.(up 5.20%), Neueon Towers Ltd.(up 4.72%), Hitachi Energy India Ltd.(up 3.38%), Inox Wind Energy Ltd.(up 2.01%), PTC India Ltd.(up 1.06%), Jaiprakash Power Ventures Ltd.(up 1.06%), KPI Green Energy Ltd.(up 0.92%), KEC International Ltd.(up 0.79%), Gujarat Industries Power Company Ltd.(up 0.55%) and Adani Energy Solutions Ltd.(up 0.54%) were among the top gainers.

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says fertilizers and agrochemicals is one sector where they have become bullish. He says last week's excitement was based on the fact that some GST concession was expected and that is, to an extent, unfounded. He does not think the GST Council has yet started deliberating on that at all. So, it will take a lot of time. Amara Raja has doubled this year already. Exide is up 80% and there are still buyers.

In May, the International Financial Services Centres Authority, or IFSCA, the unified financial sector regulator at Gift City, sent a clutch of recommendations to the central government. One suggestion was to bring parity in the taxation of funds set up in Gift City with that applicable for domestic mutual funds.

Gold prices were flat on Wednesday as the dollar and Treasury yields held firm ahead of a key inflation reading due later this week, which could provide more clarity on the Federal Reserve's interest rate path. FUNDAMENTALS

WikiLeaks founder Julian Assange is finally a free man. He walked out on bail from a UK jail after reaching a plea deal that will have him plead guilty in a US court on a single charge of conspiring to obtain and disclose national security secrets, in lieu of relief on other counts. He won’t have to face further jail time in the US, as he has already served longer than what the punishment entails.

Anil Agarwal's Vedanta Resources is likely to sell a minority stake in Vedanta Ltd this week through block deals, people aware of the development said. The promoter group is likely to sell a stake of about 2.5%, or 90 million shares, to raise ₹4,000 crore through the transactions, said one of the persons. The sale is likely to happen at a discount of around 8-10%, one of the persons said. It will help Vedanta Resources repay debt due for payment in the next few months, one of them said.

DALIAN, China — For China's yuan to be used more globally, the currency needs more «applications» such as for stocks and bonds, Bonnie Chan, CEO of Hong Kong Exchanges and Clearing Limited, said on a panel Tuesday.

aircrafts which had taken off from an airport in Lithuania disappeared and were smuggled into Iran. These two aircrafts were flying to Sri Lanka and Philippines. This is not the first time that Iran has smuggled aircrafts into the country. It has been reported by Metro that the two aircrafts changed their path and disappeared after entering the Iranian airspace. Further, authorities in Lithuania prevented a third aircraft from taking off. Iran has been sanctioned by many of the western countries including the US. This incident is alleged to have taken place in February.

One Piece episode 1110 as the Egghead Arc nears its conclusion. The popular series, adapted from Eiichiro Oda's manga, continues to thrill viewers.

Two Raymond James Financial Services Inc. financial advisors on Monday were barred from the securities industry for not cooperating in investigations, according to the Financial Industry Regulatory Authority Inc.; both had previously been flagged by Raymond James for selling products to customers the firm had not signed off on as well as selling away, which involves offering clients investments that are not approved by the firm.

Exporters sought the creation of an Indian shipping line, duty cuts on import of products like wet blue leather, extension of a key scheme for small exporters to avail pre- and post-shipment rupee export credit, and duty drawback for platinum jewellery at their pre-budget meeting with finance minister Nirmala Sitharaman on Tuesday. Highlighting the need for an Indian shipping line, the Federation of Indian Export Organisations president Ashwani Kumar said that India's outward remittance on transport services is increasing with rising exports. «We remitted over $109 billion as transport service charge in 2022. As the country moves towards the goal of $1 trillion, this will touch $200 billion by 2030. A 25% share by the Indian shipping line can save $50 billion on a year-on-year basis,» he said.

Ambuja Cements and Ravi Sanghi, will sell stakes in the company through an offer for sale (OFS). The promoters plan to sell 9,092,000 shares, representing 3.52% of the total issued and paid-up equity share capital, the company said in an exchange filing.The floor price for the OFS has been set at ₹90 per share, representing a nearly 12 percent discount to Sanghi Industries' current market price of ₹102.According to the exchange filing, the OFS will open for non-retail investors on June 26 and for retail investors on June 27."Ambuja Cements Limited, the promoter of the Company have conveyed to us, their intention to sell the equity shares to enable us to comply with minimum public shareholding norms," said Sanghi Industries had in a stock exchange filing.As of March 31, 2024, Ambuja Cements held a 60.44% stake in Sanghi Industries.Ambuja Cements plans to offload up to 60,92,000 shares, representing a 2.36% stake, while Sanghi Industries will reduce its holding by 30,00,000 shares, equivalent to a 1.16% stake.Monarch Network Capital will act as the broker for the deal.The floor price for the shares will be ₹90.