International Financial News

Simplilearn is aiming for revenue growth of 35-40% in fiscal 2025, cofounder and chief operating officer Kashyap Dalal said. The Bengaluru and San Francisco-based company posted “roughly flat” revenue in fiscal 2024 and became profitable in the final quarter of the financial year, Dalal told ET, without giving details. It has yet to report the FY24 financial results.

Inconvenience to passengers:

Fitch Ratings has raised India's growth forecast for FY25 to 7.2% from 7% earlier, on the back of elevated consumer confidence that is expected to drive spending and increased investments, but cautioned that the ongoing heatwave was a risk to both growth and inflation. In its Global Economic Outlook (GEO) released Monday, it raised its forecast for world growth in 2024 to 2.6% from 2.4% estimated earlier. India's economy grew 8.2% in FY24. «We expect the Indian economy to expand by a strong 7.2% in FY25 (an upward revision of 0.2pp from the March GEO),» Fitch Ratings said, adding that investment will continue to rise but more slowly than in recent quarters, while consumer spending will recover with elevated consumer confidence. Purchasing managers survey data point to continued growth at the start of the current financial year. Earlier this month, RBI had revised upwards the country's GDP forecast by 20bps to 7.2%. As per the report, signs of the coming monsoon season being more normal should support growth and make inflation less volatile, though a recent heatwave poses a risk. «We expect growth in later years to slow and approach our medium-term trend estimate,» it said.

assembly polls, the Champai Soren-led coalition government in Jharkhand may witness a Cabinet expansion in July. Jailed former CM Hemant Soren's wife Kalpana Soren could be one of the inductees. There are two vacancies in the Champai Soren's Cabinet and both may be filled to send a political message before assembly polls. Kalpana had won Gandey assembly byelection in May. In the runup to parliamentary elections, she emerged as the party's star campaigner in the absence of Hemant, who has been lodged in jail since January in connection with a money laundering case linked with an alleged land grab. According to JMM sources, Kalpana may be inducted in the Cabinet to portray her as the party's main face in the forthcoming polls. Sources close to her, however, denied this speculation, saying she won't want to enter the government for less than six months. JMM may not want to risk replacing Champai with Kalpana in the CM's chair as this could trigger an internal rebellion.

MONTREAL — Nuvei Corp. shareholders have voted in favour of a plan that will see the company bought by an American private equity firm and taken private.

Decagon, a startup that sells artificial intelligence-powered customer support solutions, said on Tuesday it had raised $35 million in Series A and seed funding. Accel led the series A round with participation from Andreessen Horowitz. Decagon uses generative AI to replace or augment a company's customer support workforce.

New York City warehouse workers who are part of the Amazon Labor Union have overwhelmingly voted to align themselves with the Teamsters as they try to get a contract from the online retailer

Sen. Elizabeth Warren, D-Mass., is accusing Federal Reserve Chair Jerome Powell of doing the financial industry's bidding by considering changes to a sweeping set of regulations aimed at boosting the capital cushion that large American banks would be required to hold.

International Management Institute (IMI), New Delhi has announced the launch of its first batch of Post Graduate Diploma in Management (Online) programme. The programme is recognised by AICTE and will allow participants to excel in today's competitive business landscape.This 24-months Post Graduate Diploma in Management (Online) programme is designed for early to mid-career professionals seeking to broaden their foundational grasp of management and explore various domains to contribute effectively to business growth.

Top Gainers: M M T C (up 9.83%), Cochin Shipyard (up 9.69%), Asahi India Glass (up 8.15%), Phoenix Mills (up 7.97%), and Mazagon Dock Shipbuilders (up 7.72%)Top Losers: Chemplast Sanmar (down 4.64%), Kalpataru Projects International (down 4.44%), Gujarat Ambuja Exports (down 4.41%), Sumitomo Chemical India (down 4.00%), and KNR Constructions (down 3.73%)Top Gainers: M M T C (up 9.94%), Cochin Shipyard (up 9.35%), Metro Brands (up 8.92%), Schneider Electric Infrastructure (up 8.91%), and Ramkrishna Forgings (up 8.61%)Top Losers: Chemplast Sanmar (down 4.62%), Kalpataru Projects International (down 4.52%), Gujarat Ambuja Exports (down 4.41%), KNR Constructions (down 4.28%), and Sumitomo Chemical India (down 3.80%).For more information on the top gainers and losers in BSE, you can visit this link.

Shares of Exide Industries Ltd.(up 4.12 per cent), Samvardhana Motherson International Ltd.(up 3.27 per cent), Bosch Ltd.(up 3.26 per cent), Balkrishna Industries Ltd.(up 3.25 per cent) and Apollo Tyres Ltd.(up 1.76 per cent) ended the day as top gainers in the pack.

Gujarat Industries Power Company Ltd.(up 7.82%), Voltamp Transformers Ltd.(up 5.43%), Jyoti Structures Ltd.(up 4.96%), JSW Energy Ltd.(up 3.38%), Power Grid Corporation of India Ltd.(up 3.21%), Hitachi Energy India Ltd.(up 2.36%), Power and Instrumentation(Gujarat)Ltd.(up 1.97%), NLC India Ltd.(up 1.50%), GE Power India Ltd.(up 1.17%) and Karma Energy Ltd.(up 1.02%) stood among the top gainers.

Burundi seems to be running short of everything but patience

Unanswered questions linger a year after the implosion of the Titan submersible during its deep-sea voyage to the wreckage of the Titanic

Sony Pictures Entertainment on Tuesday said it has appointed Nachiket Pantvaidya as General Manager of Sony Pictures International Productions (SPIP), India. He will oversee local Indian production while working alongside Shony Panjikaran, General Manager and Head of Sony Pictures Releasing International, India, the company said in a statement. «As he takes up this new assignment, he will continue to perform his duties as CEO, Sony Entertainment Talent Ventures in parallel,» it added. An industry veteran, Pantvaidya was the Group CEO, Balaji Telefilms and Business Head of Sony Entertainment Television. He was also the Business Head of Star Plus and held several roles in the Star TV network, including Head of Star Pravah and Managing Director of Fox Television Studios.

Long-term capital gains (LTCG): Profits from the sale of equity shares held for more than 12 months are classified as LTCG. But the same for land or real estate transactions are considered LTCG if the holding period is 24 months. LTCG, from the sale of equity exceeding ₹1 lakh in a fiscal year, is taxed at 10% without indexation benefit.

Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo.The plan comes just days after Musk won shareholder approval for his $56 billion pay plan consisting of stock options and two months after he announced job cuts affecting more than 10% of Tesla's global workforce in the face of slowing demand for EVs and intensifying price competition from Chinese rivals."Over the next few weeks, Tesla will be doing a comprehensive review to provide stock option grants for exceptional performance," Musk said in an email, according to the two people who reviewed it and are based in China and the U.S., respectively. They declined to be named as the memo is for internal use."There will also be an ongoing program to award spot option grants for anyone who does something outstanding for the company.

Coinbase has announced that its International Exchange and Coinbase Advanced platforms are now offering pre-launch markets.

Tesla CEO Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo. The plan comes just days after Musk won shareholder approval for his $56 billion pay plan consisting of stock options and two months after he announced job cuts affecting more than 10% of Tesla's global workforce in the face of slowing demand for EVs and intensifying price competition from Chinese rivals.

₹1,329 apiece, primarily due to the steep valuation of the stock.In a report on June 17, InCred Equities pointed out that Adani Ports stock trades at 18.2 times FY25F EV/EBITDA versus six-year average one-year forward EV/EBITDA of 14.1 times.The brokerage firm cut its EBITDA estimates for FY25/26F by 3 per cent each but maintained its target price of ₹1,329. It said its target price implies 15 times FY26F EV/EBITDA.EV/EBITDA (enterprise value to earnings before interest, taxes, depreciation, and amortisation) is a financial metric used to evaluate the value of a company.

Several high-profile candidates have turned down the chance to run Boeing, complicating the jet maker’s search for a new leader amid discussions about whether the next CEO needs to be based near its Seattle-area factories. Boeing CEO David Calhoun said in March he would step down by the end of the year. GE Aerospace CEO Larry Culp, widely considered a natural for the job, declined Boeing’s request to consider taking over, said people familiar with the discussions.