International Financial News

Cloudphysician, an online healthcare and technology solutions provider, has raised $10.5 million (about Rs 87.7 crore) in a funding round led by Peak XV Partners. The round also saw participation from Elevar Equity and venture debt firm Panthera Peak.

Amy Graf is a data engineer at UBS’s London office. She joined the firm’s internal finance team in 2006 and is currently part of the global development of a new platform for regulatory reporting, within the Group Operations and Technology Office.

Redmi Note 14 Series According to a report from XiaomiTime, the Redmi Note 14 series is projected to launch in September. Initially, the series will be unveiled in China before expanding to other global markets, including India.

India is set to host the International Sugar Organization (ISO) Council Meeting from June 25-27, in the national capital, bringing together delegates from over 30 countries to discuss critical issues in the sugar and biofuel sectors. As the world's largest consumer and second-largest producer of sugar, India has been nominated to chair the ISO for 2024, an official statement said. The event kicked off with an industrial tour to a grain-based distillery in Muzaffarnagar, Uttar Pradesh, on June 24, demonstrating India's adoption of cutting-edge technology in biofuel production. The main proceedings begin on June 25 with a workshop titled «Sugar and Biofuels — Emerging Vistas» at Bharat Mandapam, to be inaugurated by Union Minister for Food as well as New & Renewable Energy Pralhad Joshi.

Jaishankar has reviewed with his United Arab Emirates counterpart Abdullah bin Zayed Al Nahyan the multi-faceted India-UAE comprehensive strategic partnership and discussed new areas with «untapped potential» to enhance collaboration, an official statement said on Monday. Jaishankar, who was in the UAE on Sunday, also exchanged views with Al Nahyan on regional and global issues. He visited the iconic BAPS Hindu Mandir in Abu Dhabi and participated in the 10th International Yoga Day celebrations before meeting Al Nahyan.

China is deeply concerning and has raised serious allegations of human rights abuses, including forced organ harvesting. In March, during a US congressional committee hearing, experts had claimed that Chinese authorities had gathered genetic information from the Muslim Uyghur minority, with the aim of supporting a forced organ transplant programme targeted at attracting Muslim medical tourists from Gulf states.

Passport Seva Divas emphasised that the ministry has rendered 1.65 crore passport-related services to Indian citizens in 2023 and over 14 lakh visa applications were submitted monthly. Extending his greetings to all passport authorities in India and abroad, Jaishankar said that the Ministry of External Affairs, along with the Central Passport Organisation, has been marking this occasion and renewing our commitment to provide passport and related services to citizens of India in a timely, reliable, accessible, transparent and efficient manner. «It gives me great pleasure to join all our passport-issuing authorities in India and abroad on the occasion of the 12th Passport Seva Divas,» he said in a post on X.

Krisumi Corporation, a NCR-based real estate developer, will invest Rs 2000 crore in Phase 3 and Phase 4 of Krisumi City comprising 1051 luxury units in Sector 36A, Gurugram. The project will have a total developable area of 2.3 million square feet. In addition, Krisumi will develop a club over 2 acres, with a built-up area of approximately 1,60,000 square feet in Sector 36A, Gurugram, entailing an investment of Rs 350 crore. «We see ourselves not just as a real estate company but as a hospitality company aiming to deliver a 5-star lifestyle to the residents of Krisumi City,» said Mohit Jain, Managing Director, Krisumi Corporation. The company has received 1024 expressions of interest to buy, for our 1051 apartments available.

Following an internal review and engagement with the company's largest shareholders, the board said it was updating its current tender offer plan, as the conditional mechanism brought in in 2020 is about to expire. Scottish Mortgage dominates investment trust share buybacks year-to-date Back then, the company put a conditional tender offer in place, which was dependent on the trust outperforming the TOPIX with compounding total returns of 4.7% per annum to 31 May 2024. The board said it «expected» the trust to meet its performance target and as a result the tender offer will not be...

terrorism in Canada as «deplorable», India has said it was «unfortunate» that such actions are allowed to be «routine» on many occasions here when it should be condemned by all peace-loving countries and people. In a statement on the 39th anniversary of the 1985 Kanishka bombing, in which 329 persons, most of them Canadians of Indian descent, on board an Air India flight lost their lives, the Indian High Commission said that terrorism knows «no borders, nationality, or race.» The Montreal-New Delhi Air India 'Kanishka' Flight 182 exploded 45 minutes before it was to have landed at London's Heathrow Airport on June 23, 1985, killing all 329 people on board, including 86 children.

₹1721.85, more than 4% higher on Monday over the previous close of ₹1645.15 on the BSE , however gained further to touch highs of Rs1818.20 , marking more than 8% gains.Also Read- JSW Energy stock hits new all-time high as subsidiary wins 300 MW wind-solar hybrid projectThe Garden Reach Shipbuilders share price is only slightly short of all time highs of ₹1904.55 it had scaled a few days back.The Garden Reach Shipbuilders share price having risen more than 200% in last one year has given Multibagger returns to the investors. Notably Garden Reach Shipbuilders share price has gained more than 106% year to date also.The investor confidence remains strong on the Defence Sector companies looking at the country's Make In India Initiative.

Jaishankar held «productive and deep» conversations with his United Arab Emirates counterpart Abdullah bin Zayed Al Nahyan on India and UAE's «ever-growing» comprehensive strategic ties and discussed regional and global issues. Jaishankar, who was in the UAE on Sunday, visited the iconic BAPS Hindu Mandir in Abu Dhabi and participated in the 10th International Yoga Day celebrations before meeting Al Nahyan. «Very pleased to meet UAE FM @ABZayed today in Abu Dhabi,» he said in a post on X after meeting his UAE counterpart. «Productive and deep conversations on our ever-growing Comprehensive Strategic Partnership. Appreciated the discussion and his insights on regional and global issues,» he said.

Out of the lot, two are Nifty companies, i.e., Titan and IndusInd Bank, along with other names like Bajaj Holdings & Investment, Voltas, REC, etc.

Tata Elxsi, Titan and JSW Holdings among a host of other companies are likely to remain in focus this week as they have corporate actions like dividends, stock splits, bonus issues, and annual general meetings lined up this week. Here is a list of corporate actions lined up in the week:

Mumbai: The two monetary policy committee (MPC) members who voted to cut interest rates and change monetary policy stance at its last meeting believe the Indian economy needs to grow at joined its potential growth of 8%, as inflation continues to approach the target of 4%. The MPC had voted to keep repo rate unchanged at 6.5% for the eighth consecutive time in its June meeting. Jayanth Varma, who had been voting for a rate cut since February this year, argues that MPC should start cutting rates this quarter to give a boost to growth in FY26.

Copa America 2024 favourites along with Argentina, Brazil is beginning their campaign against Costa Rica in Group D game. The record five-time World Cup winners from South America will look to go one step forward than previous edition where they lost to Lionel Messi's team in the final. Brazil and Costa Rica's soccer game is scheduled to kick off at 9 pm (ET)/6 pm (PT) on Monday, June 24, 2024 in Los Angeles. The football game between Brazil and Costa Rica will be live streamed on fuboTV which offers free trial.

NASA has revealed that SpaceX missions-related debris may still exist. This marks a departure from the space agency's stance that debris may have entirely burnt when they come with a contact with Earth's atmosphere, as per a report Fox news. NASA has said that five incidents have been reported wherein debris was detected. However, no one was injured due to the debris.

India, said people with knowledge of the matter. That’s prompted some Indian companies to resume their pursuit of government approval for joint ventures (JVs) with Chinese partners, they said. These approvals are being given on acase-by-case basis, the people said. For instance, Haier Appliances India has got government nod to invest Rs 184 crore in AC component manufacturing after almost two-and-a-half years. The Department for Promotion of Industry & Internal Trade had directed the Chinese firm in November 2021 to take Press Note 3 clearance for its proposal under the production-linked incentive scheme for white goods.

Nigerien military authorities have withdrawn the operating permit for a large uranium mine from the French company Orano

A pipeline project built with China's support that would make Niger an oil-exporting country is being threatened by an internal security crisis and a diplomatic dispute with neighoring Benin

Democrats in California have agreed to delay a minimum wage increase for about 426,000 health care workers to help balance the budget