International Financial News

22.06 / 06:19
UPS Provident film Trade reports Courts International Hinduja brothers sentenced to jail for exploiting servants: Here's what they were charged with
Hinduja family were convicted on Friday for exploiting underpaid servants at their luxurious villa in Geneva, Switzerland. The elder family members, Prakash Hinduja (78) and Kamal Hinduja (75), who were absent from the trial due to health issues, received sentences of 4 1/2 years each. Ajay Hinduja and his wife Namrata, who were also not present in the courtroom, were sentenced to 4 years, as reported by Bloomberg. The Hinduja family's business manager, Najib Ziazi, received an 18-month suspended sentence. The Hindujas expressed their dismay at the court's decision and announced an appeal has been filed to a higher court. They hope to overturn the verdict, which found them guilty of exploiting vulnerable domestic workers, as reported by PTI.
22.06 / 05:15
Provident CEO Infinity wellness Celebrity International Sporting International Yoga Day: How THESE health insurance plans reward active lifestyle with premium discounts
International Yoga Day 2024: Transcending the boundaries of cultures and ethnicities, Yoga has become a global movement for fitness enthusiasts and those who want to adopt a healthy lifestyle. The celebration of International Yoga Day on June 21 worldwide is a testimony of the growing influence of the ancient Indian practice.
22.06 / 05:15
markets Citi security exclusive Features International Why investing in luxury real estate is a smart move for high returns?
Mumbai, India's financial powerhouse, is a magnet for real estate investors aiming for high returns. Within this dynamic market, luxury real estate stands out as a particularly lucrative investment. Here’s why putting your money into Mumbai’s luxury properties is a smart move.
22.06 / 05:11
markets economy Align WhatsApp community International Destinations Budget 2024: What is Dividend Distribution Tax? Know How it will abolition impact the Indian economy?
Dividend Distribution Tax (DDT) underwent significant changes in India with the abolition of DDT in the 2020-21 Budget. Traditionally, dividends are payments made by companies to shareholders from their profits. DDT, introduced in the Finance Act of 1997, was a tax levied on these dividends distributed by domestic companies, irrespective of their income tax obligations on those profits. The decision to abolish DDT marked a substantial shift in tax policy. Previously, DDT imposed a burden directly on companies, reducing the amount of dividends received by shareholders. Post-abolition, Finance Minister Nirmala Sitharaman announced that dividends would now be taxed in the hands of the shareholders themselves. This change aimed to streamline the taxation process, making it more transparent and aligning it with international norms where dividends are typically taxed at the individual level. The economic implications of abolishing DDT were widely anticipated. By removing this tax, Indian equities were expected to become more attractive to investors. The move was seen as potentially boosting market sentiment and encouraging companies to reinvest profits back into the economy. This reinvestment could stimulate economic growth and create employment opportunities. Moreover, the abolition of DDT was expected to make India a more appealing destination for foreign investors, potentially leading to increased Foreign Direct Investment (FDI).
22.06 / 04:35
COST Waves Extreme Action Sustainability ICE International Rise of EVs: The urgency of climate action
climate change are evident through increased floods, droughts, heat waves and other extreme weather events across the globe. Scientists warn that if immediate action is not taken, the damage caused may become irreversible by 2030. One of the major contributors to global warming is greenhouse gas emissions from traditional internal combustion engine (ICE) vehicles. However, there is still hope if we accelerate the adoption of zero-emission electric vehicles. The Auto Industry's Electric Shift
22.06 / 03:13
PINK hospital information reports gatherings Investigations International Gangster Chhota Shakeel's brother-in-law, Arif Abubakar Shaikh dies of heart attack in Mumbai hospital
Arif Abubakar Shaikh, also known as Arif Bhaijaan, the brother-in-law of fugitive gangster Chhota Shakeel and an accused in a terror-funding case, passed away on Friday evening at Mumbai's J J Hospital. Shaikh, 61, a businessman, was arrested by the National Investigation Agency (NIA) in connection with a case involving several members of the Dawood gang, including Dawood Ibrahim and Shakeel themselves.
22.06 / 03:13
Provident FIVE Software Boeing Freedom testing International Boeing's Starliner return to Earth postponed, NASA says no new date set
Boeing Starliner's return to Earth from the International Space Station with its first crew of astronauts has been postponed, NASA said on Friday. NASA did not provide a new date, raising questions about when the mission's two astronauts will return as more testing and technical issues have created more delays.
22.06 / 03:13
Provident Ball wellness Equality rights International cricket "Very unfair... it is not right": Gautam Gambhir urges ICC to scrap two new-ball rule
Gautam Gambhir urged the International Cricket Council (ICC) to scrape away the two new-ball rule in white-ball cricket as he feels it is unfair to the finger-spinners. The rule was implemented by the ICC in October 2011 in the ODI format. The new stipulation helps the ball retain its shine and reduces reverse swing as well as the chances of seeing a finger-spinner make an impact. Gambhir didn't hold back while discussing the drawbacks of the rule, which leads to a disadvantage to the finger-spinners as it is unfair to them.
21.06 / 21:29
markets McDonald’s Food President country reports International American invasion: Why so many U.S. fast food chains are charging into Canada
In relatively short order, Canada has become a hotbed for fast food expansion from the United States.
21.06 / 21:13
Citi country dance International Sporting surfing Breakdancing now a new category at Paris Olympics 2024: How to watch live, favorites, schedule and more
Olympics in Paris this year is closer like never before, and fans are already beginning to assemble in the city to witness the biggest sporting event on Earth, something that happens after an interval of four years, as goes the custom. Paris Olympics will see some of the toughest sportsmen battling it out on the field, representing their respective countries to bring laurels and accolades. However, there is an exiting opportunity to add some more medals to their bucket by winning a new event introduced by the International Olympic Committee, that is competitive dancing.
21.06 / 17:35
UPS Features International Oppo A3 Pro launched in India with MediaTek Dimensity 6300 SoC: Check price and specifications
Oppo A3 Pro is priced at Rs. 17,999 for the 8GB + 128GB model, while the 8GB + 256GB variant is available for Rs. 19,999.
21.06 / 16:35
markets UPS Analysis show hospital International Prestige Estates to raise up to ₹5,000 cr via QIP for hotels business
₹5,000 crore through a qualified institutional placement (QIP) of shares, the real estate developer said in a regulatory filing on Friday.The Bengaluru-based company said its board has approved a plan to monetize assets of its hospitality subsidiary, Prestige Hospitality Ventures Ltd, by issuing shares through the primary or secondary route, or both.The decisions will be subject to shareholders’ approval, market conditions and receipt of applicable approvals, the company said. A sub-committee has been constituted to oversee and structure the process.Prestige’s board has given its consent for an initial public offer of the hospitality business, chairman and managing director Irfan Razack had said earlier this year.
21.06 / 13:11
Election trends Freedom country rights Updates International India rejects comments by UN's top human rights official on foreign influence laws
India has rejected a comment by the UN's top human rights official on foreign influence laws, saying principles of «transparency and accountability cannot be applied selectively.» India's Permanent Representative of India to the United Nations and other International Organisations in Geneva Ambassador Arindam Bagchi, said he «humbly disagrees» with the brief reference to India made by UN High Commissioner for Human Rights Volker Turk in his Global Update 56th session of the Human Rights Council this week. Turk had said in his global update that a «worrying trend in terms of civic space is the consideration or adoption of so-called „transparency“ or „foreign influence“ laws in over 50 countries, including in the Republika Srpska entity of Bosnia and Herzegovina, Georgia, India, Kyrgyzstan, the Russian Federation, Slovakia and Turkiye. These laws risk having serious chilling effects on the work of civil society, freedom of expression and of association.»
21.06 / 13:11
Ball country reports Department Traffic International ​Karnataka's industries minister MB Patil asks his team to prepare blueprint for Bengaluru's second airport to deal with future growth
traffic volumes, the State Government has set the ball rolling on planning a second airport to deal with the future growth. Industry & Infrastructure Minister MB Patil, who chaired a meeting with the infrastructure department officials, asked them to submit a feasibility report for a new airport, saying it was critical to develop an industrial ecosystem beyond Bengaluru. The Kempe Gowda International Airport, operated by the Bangalore International Airport Limited (BIAL) has been the third busiest airport in the country after Delhi and Mumbai.
21.06 / 12:43
students Celebrity DAL country gatherings Videos International World looking at yoga as powerful agent of global good: PM Modi
yoga as a powerful agent of global good, Prime Minister Narendra Modi said on International Yoga Day on Friday while stressing that it has the potential to transform the economy of Jammu and Kashmir by attracting more tourists. Choosing the SKICC on the picturesque banks of the Dal Lake to lead the nation in celebrating the 10th International Yoga Day, the prime minister described yoga as not just knowledge but also a science. «When people talk about yoga, most of them think it is a spiritual journey as if it is to find Allah, Ishwar or God… Leave aside the spiritual journey which can happen any time later. For now, you can focus on personal development and yoga is part of that. »If you approach it that way, I am sure you will get a lot of benefits. Personal development leads to the benefit of society, which in turn leads to the benefit of humankind," he said while addressing a gathering at the Sher-i-Kashmir International Convention Centre.
21.06 / 11:51
security Software wellness country Department International Kremlin slams US ban on cybersecurity firm Kaspersky
Kremlin on Friday criticised the US decision to ban Moscow's cybersecurity firm Kaspersky over security concerns as creating "unfair competition" from American companies. The comments came a day after Washington banned the firm, saying it presented a "national security risk."
21.06 / 11:04
markets Enterprise WhatsApp Nestle Updates International Stock market update: Fertilisers stocks down as market falls
The Fertilisers and Chemicals Travancore Ltd.(up 4.05%) stood among the top gainers.
21.06 / 11:04
markets security WhatsApp Trade Updates International Stock market update: Nifty Auto index falls 0.69%
Shares of Apollo Tyres Ltd.(up 1.62 per cent), Samvardhana Motherson International Ltd.(up 1.24 per cent), Bosch Ltd.(up 1.1 per cent), Maruti Suzuki India Ltd.(up 0.43 per cent) and TVS Motor Company Ltd.(up 0.31 per cent) ended the day as top gainers in the pack.
21.06 / 11:04
UPS Man Aware Celebrity performer International J-K: Indian pariah dog, trained by NDRF, performs yoga in Udhampur on International Yoga Day
NDRF, performed yoga along with them, as the 13th battalion of National Disaster Response Force (NDRF) celebrated the 10th International Yoga Day in Udhampur on Friday. Parveen Singh Assistant Commandant 13th Battalion NDRF Udhampur said, «On the occasion of International Yoga Day, for the last 15 days we are regularly involved in Yoga Day activities. The most important aspect is that we have involved a stray dog. To raise awareness of Yoga we have included stray dog in the activity so that people realise that if a stray dog can perform it with ease then definitely the common man should do it. Trained dogs have high IQ levels and can pick up easily but the stray dog took more time to learn yoga.» He said that the stray dog has been included in the Yoga activity since the last 15 days.
21.06 / 07:35
SUN Align Photos Universities stars International NASA captures first-ever rare alignment of stars in Serpens Nebula | See image
A post shared by NASA (@nasa)The photo was captured by NASA's James Webb Telescope, which is a premier space science observatory. The NASA telescope helps scientists unravel the mystery of nearly every phase of our Universe, ranging from the first luminous glows after the Big Bang to the formation of solar systems with the potential of supporting life.

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