International Financial News

Trinamool Congress booth level leader was allegedly attacked by BJP workers on Thursday in East Midnapore's Bhupatinagar, in a post-poll violence incident. Just two days ago, a BJP worker's father was allegedly beaten to death in Bhupatinagar. The Trinamool worker, who has been hospitalised, claimed that he was attacked with rods and sticks by the BJP miscreants.

Modi during his virtual address in Srinagar on Thursday said that preparations for assembly elections have already started in Jammu and Kashmir and its statehood will be restored soon. Modi arrived in Srinagar on Thursday and laid foundation and inaugurated several development projects worth around Rs 3,300 crore and gave letters to 2,000 persons appointed in government service. The PM is also participating in the International Yoga Day event on June 21 to be held at Sher-i-Kashmir International Convention Centre on the banks of Dal Lake. The administration has made elaborate security arrangements in the Srinagar city with restrictions on movement of traffic around the venue, drone surveillance and deployment of police and paramilitary forces across the city.

₹19,499 for the sole variant featuring 8GB of RAM and 128GB of internal storage, and aims to offer high-end specifications at a budget-friendly price. The smartphone can be purchased through Flipkart, Vivo's online store, and various other retail channels.

NATO member Romania’s top defense body says the country will donate a Patriot missile system to neighboring Ukraine to help Kyiv in its war against Russia as Moscow’s forces continue to bombard civilian areas and energy infrastructure

clean energy in 2023 globally may still not be enough to meet the COP28 target of tripling renewables capacity by 2030, consulting firm EY said on Thursday. Besides building assets to generate clean energy, the other challenge faced by companies is getting their projects hooked up to the electric grid, which is struggling to integrate new wind, solar and battery power. WHY IT'S IMPORTANT

Lt Gen NS Raja Subramani is set to be the next Vice Chief of Army Staff with the government clearing his appointment to the post, official sources said on Thursday. The officer, who is presently helming the Army's Central Command, will succeed Lt Gen Upendra Dwivedi. Lt Gen Dwivedi, currently serving as the Vice Chief, will be the next Chief of the Army Staff when incumbent Gen Manoj Pande retires on June 30. Lt Gen Subramani has been appointed as the next Vice Chief, military sources said.

Against this backdrop, World Trade Center Mumbai and the All India Association of Industries are set to host the 9th edition of their flagship event, the Global Economic Summit, themed ‘FinTech: Accelerating the Digital Revolution,’ from August 8-10, 2024. The summit will discuss pathways and strategies to meet the unmet credit needs of micro, small and medium enterprises (MSMEs), women entrepreneurs, and underserved communities through digital solutions such as paperless credit, account aggregator framework, cash-flow-based funding, alternative credit scoring methods, and so on. Moreover, central banks are encouraging their traditional banks to deploy technologies to promote digital supply chain financing for MSMEs and digital payments.

rich plan to migrate to another country, most of them choose the United Arab Emirates and particularly Dubai, which is one of the Emirates. A report by Henley & Partners, an international investment migration advisory firm, says approximately 4,300 millionaires are projected to leave India this year. And most of them are headed to the UAE. However, it's not that India's rich are in a hurry to leave the country. It's only a small number of rich Indians. «India continues to lose large numbers of millionaires, especially to the UAE. However, in our view these outflows are not particularly concerning as India continues to produce far more new HNWIs than it loses to emigration. Furthermore, the bulk of the millionaires who leave India tend to retain business interests and second homes in the country, which is a positive sign,» says the report. Why the UAE has such a pull for rich Indians The UAE is a bigger attraction for India's rich than other popular destinations for migration, such as Australia, Singapore, Israel, Switzerland, the US, Canada, New Zealand and the UK.

OpenAI in May, revealed on Wednesday via social media that he has established Safe Superintelligence Inc. alongside co-founders Daniel Gross and Daniel Levy.

Indowind Energy Ltd.(up 9.99%), Neueon Towers Ltd.(up 4.88%), Suzlon Energy Ltd.(up 3.34%), Karma Energy Ltd.(up 3.23%), Jyoti Structures Ltd.(up 3.02%), GE T&D India Ltd.(up 1.81%), Inox Wind Ltd.(up 1.31%), RattanIndia Power Ltd.(up 1.28%), JSW Energy Ltd.(up 1.25%) and Energy Development Company Ltd.(up 0.98%) stood among the top gainers.

Yoga on June 21st, millions across the globe will roll out their mats to commemorate International Yoga Day 2024. This annual celebration, now a global phenomenon, underscores the profound impact of yoga on physical, mental, and spiritual well-being. Established by the United Nations in 2014, this day invites everyone, regardless of age or ability, to embrace the transformative power of yoga. According to the UN, international days and weeks serve to educate the public on important issues, rally political will and resources to tackle global challenges, and celebrate and reinforce human achievements.

Ruchir Sharma, the chairman of Rockefeller International and Founder & Chief Investment Officer of Breakout Capital, has joined the Asset Allocation Committee (AAC) of 360 ONE Wealth. The AAC offers strategic and tactical allocation guidance for equities, India fixed income, and other asset classes. Leveraging a multifaceted approach, the committee evaluates each asset class based on macroeconomic factors, monetary policy dynamics, corporate earnings, valuations, sentiment, and fund flows.

One of the founders of OpenAI who was involved in a failed effort to push out CEO Sam Altman says he’s starting a safety-focused artificial intelligence company

Zoomcar Holdings on Thursday said it has partnered with Air India Express to allow customers to book self-drive cars directly from the airport on the airline's mobile app as well as the website in 19 cities. The collaboration also caters to the customer with varying requirements, leveraging the extensive fleet options and ensuring ample space for baggage carried through Air India Express's add-on packs such as carry-on-Xtra, international connecting baggage, and special equipment, Zoomcar said in a statement. This collaboration will offer the customer access to self-driven car rentals in Bengaluru, Bhubaneswar, Chennai, Delhi, Goa, Guwahati, Hyderabad, Indore, Jaipur, Kolkata, Kochi, Lucknow, Mangaluru, Madurai, Mumbai, Pune, Tiruchirappalli, Vijayawada and Visakhapatnam, it said. «We're focused on providing improved and personalised travel experiences for our guests at Zoomcar, and our partnership with Air India Express is another stepping stone towards this goal.

Alkyl Amines Chemicals Ltd share price gained more than 7% during the intraday trades on Thursday. Alkyl Amines Chemicals share price opened at ₹2025 levels on Thursday on the BSE with gains of around 1% over the previous close.

Also Read: PSU stocks: Valuation premiums likely to sustain, says MOSFL; SBI, GAIL among 5 preferred PSU stock picksICICI Securities’ stock picks in the chemical sector among direct beneficiaries are Navin Fluorine International, Chemplast Sanmar and SRF, and among indirect winners are Archean Chemical Industries and Tatva Chintan Pharma Chem.Here are top chemical stocks to buy:ICICI Securities has increased Navin Fluorine share price target to ₹4,135 from ₹3,960 earlier on slight increase in EPS by 1-4% over FY25-26E. The brokerage firm maintained its ‘Buy’ rating on Navin Fluorine shares and the stock remains its preferred pick in the agrochemicals intermediate segment.Chemplast Sanmar is next in our pecking order, and we have increased our EPS estimates by 2-9% over FY25-26E as we factor in slightly higher spreads for PVC business on rising regulatory aids, ICICI Securities said.

Russian President Vladimir Putin is in Vietnam to strengthen ties with its longtime partner in Southeast Asia at a time when Moscow is facing growing international isolation because of its military actions in Ukraine

Mint. Madrid-based Amadeus is a technology firm that provides software solutions for the global travel and tourism industry. Currently, the company is engaged in more than 250 artificial intelligence-based experiments and expects a more prominent presence of artificial intelligence-based systems across the travel ecosystem over the next 1-2 years. “We expect more of artificial intelligence usage in areas around servicing, customer support, digital virtual assistant, and Indian airlines are also assessing ways which will help them to push the most relevant information to travellers during their journeys," Ganeshan said.

Narendra Modi will inaugurate and lay the foundation stone of 84 major developmental projects worth more than Rs 1500 crore in Jammu and Kashmir on Thursday. According to a PMO release, the inaugurations will include projects related to road infrastructure, water supply schemes, and infrastructure in higher education etc. Additionally, the Prime Minister will lay the foundation stone for projects like the improvement of the Chenani-Patnitop-Nashri Section, the development of Industrial Estates and the construction of six Government Degree Colleges.

cabinet on Wednesday set the ball rolling on the 100-day agenda of the new government with a slew of decisions, including a 5-11% increase in minimum support price (MSP) for kharif crops, a ₹76,220-crore port in Vadhavan, Maharashtra, and a ₹2,870-crore revamp of the Varanasi international airport. The cabinet — meeting for the first time since the allocation of ministerial portfolios — under the chairmanship of Prime Minister Narendra Modi, also approved viability gap funding (VGF) for offshore wind energy projects. In the run-up to the general election, all ministries and departments had readied a plan for the first 100 days of new government.

Boeing's Starliner spacecraft is facing yet another plague of issues while the life of two NASA astronauts it had carried from the Earth, hangs in the balance. the spacecraft was entrusted to carry two NASA astronauts on a round trip to the International Space Station (ISS) and back but it has just touched its halfway mark and the return of the spacecraft back to the Earth has become a challenge in itself. According to a CNN report, the astronauts piloting the Starliner spacecraft have now extended their stay aboard the International Space Station, while the problems in the spacecraft are still being assessed by engineers at Boeing. Both these astronauts are in an unsure position as Boeing staff is scrambling all resources to understand and resolve the problems around this spacecraft so that these astronauts can safely return home.