International Financial News

Bank Nifty was up by 217.6(0.44%) at 18 Jun 2024 10:44:58 IST.Other stocks such as Shubhlaxmi Jewel Art, POPULAR VEHICLES AND SERVICES ORD, QUEST LABORATORIES ORD, MIDSMALL ETF-B hit their fresh 52 wk lows today.

₹71,575 per 10 gm and touched an intraday high of ₹71,692 within a few minutes of the opening bell. In the international market, COMEX gold price oscillated around $2,340 per troy ounce, whereas spot gold price quoted $2,325 per ounce.According to the commodity market experts, the gold price today is on the rise, driven by the anticipation of positive US retail sales data and a timeline from the US Fed members' speech on Tuesday.

China has criticised the G7 Leaders' Communique, accusing the group of using China-related issues as a pretext to vilify and attack the nation. In response to a media query on China's comment to G7 Leaders' Communique, Foreign Ministry Spokesperson Lin Jian denounced the G7's statements as baseless and biased, reflecting what Beijing views as a continued effort to perpetuate US and Western dominance in global affairs.

Russian police have warned citizens to be wary of a new digital ruble-themed scam intended to scare them into sending money to fraudsters.

After months of speculation, Fisher Investments said over the weekend it had sold up to 23.5% of the $275 billion registered investment advisor to a group of investors, and, after doing some quick math, market players and participants placed a valuation of the firm in neighborhood of 15.5 time EBITDA, or earnings before interest, taxes, depreciation and amortization.

India started off strong on the first day of Cannes Lions International Festival of Creativity, touted as the Oscars of the ad-world, with one silver and two bronze Lions at the time of going to press. Ogilvy Mumbai won a Silver Lion in the Outdoor Lions category for their 'Megh Santoor' campaign for Brooke Bond Taj Mahal tea — an innovative musical billboard that played a rendition of 'Raag Megh Malhar' whenever it rained. Last year, the campaign also picked up a Guinness World Record for the largest environmentally interactive billboard. India also shone in the health and wellness category, clinching two bronze Lions. One for Ogilvy's 'The Impossible Choice' campaign and the other for McCann's 'Fit my Feet' campaign. «Our compassion-driven and design-led idea helps uplift individuals with clubfoot while also providing a new commerce stream to the cobbler community of India,» said Prasoon Joshi, chairman, McCann Asia Pacific & CEO and chief creative officer McCann India. Out of a total of 26,573 entries submitted across 31 categories, India has submitted approximately 826 entries and garnered 44 shortlists as of now. With three metals already under its belt, the Indian contingent could potentially best its highest Cannes tally — 47 metals in 2022, including two titanium Lions. Last year, the country grabbed 25 metals. Accenture Song's creative chairperson Nick Law kicked off the festival with their annual 'song simplifies' session.

will establish India’s presence on a strategic route considered to be the main gateway for shipments from the Indian subcontinent to Europe. “The use of the International North-South Corridor (INSTC) and the Chabahar port would be quite beneficial, and coking coal is among the key mineral resources along with few others from central Asia being looked at for sourcing by India via this route," one of the persons cited above said on condition of anonymity. The INSTC is a 7,200-km network of ship, rail, and road routes being developed to move freight between India, Iran, Azerbaijan, Russia, Central Asia and Europe.

ISRO astronauts at the NASA Johnson Space Center. A fact-sheet issued by the US and India after the iCET Dialogue between US National Security Adviser (NSA) Jake Sullivan and National Security Advisor Ajit Doval said the two sides are also exploring opportunities to participate in the Lunar Gateway Programme. The Lunar Gateway Programme aims to build a space station around the moon as part of the collaborative Artemis programme spearheaded by the US. The fact-sheet said the talks between the two NSAs explored opportunities for India's participation in the Lunar Gateway Programme, as well as joint avenues for collaboration in other space technologies.

Air India Express announced on Monday that it had completed Operational Safety Audit (IOSA) by the International Air Transportation Authority (IATA), the trade association of airlines worldwide. Improving airline operational safety and enhancing efficiency are the two key elements of the IOSA registration. The audit looks at corporate organization and management, flight operations, operational control and flight dispatch among other key areas. '’We are proud to announce our successful completion of the IATA Operational Safety Audit (IOSA). The IOSA is a rigorous evaluation process, and achieving this distinction reinforces our commitment to upholding the highest international standards across all aspects of our operations," said Aloke Singh, Managing Director, Air India Express.

Delhi Airport briefly experienced a power outage on Monday, impacting the boarding and check-in facilities as well as the functioning of Digi Yatra. The power was restored, and no flights were affected, the airport said in a statement. However, the power outage affected baggage collection and entry at the e-gates.

In the face of calls around the world to diversify out of the dollar in recent years, the US has nabbed almost one-third of all the investment that flowed across borders since Covid struck.

Fisher Investments has announced that two new investors will be taking a minority stake in the firm.

ALSO READ: Captain Babar Azam on Pakistan's T20 World Cup 2024 exit, 'cannot play in every player's place, there are 11 players...Lamicchane made his return in the Nepal cricket team against South Africa last week. He was not playing international cricket for over a year, reason being he was facing an eight-year prison sentence before his rape conviction, reported NDTV Sports.Report says that he had been training regularly at Kathmandu's TU Ground after he was cleared of charges.Despite Nepal's cricket board and multiple agencies made efforts, Lamicchane's arrival in the USA was delayed by two months, as he ailed to obtain a US visa twice in May.ALSO READ: Babar Azam is given enough chances to improve as Pakistan captain, but…: Shahid AfridiFollowing this, Nepal requested the ICC to allow Lamichhane as a late addition to their World Cup squad, which was later approved."We, along with Nepal government, had tried hard to secure a US visa for Lamichhane but that didn't work out.

The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade

Cyprus says it won’t let up on a course of strict fiscal discipline while supporting economically vulnerable groups and the middle class after credit ratings agency Standard & Poors upgraded the country’s rating to BBB+ from BBB

With less than three weeks to go until Britain’s election day, Prime Minister Rishi Sunak is running out of time to change the tune

foreign direct investment (FDI), enhancing Research & Development (R&D), and boosting manufacturing capabilities could help India reach its USD 5 billion defence export goal by 2024-25. As reported by PTI, the study, conducted by Nexgen Exhibitions, organizers of the International Police Expo, highlights the importance of these factors in propelling India towards its ambitious target. «Increase in procurement categories and emphasis on quality and innovation have positioned India as a reliable defence equipment supplier on the global stage. The government's supportive policies, coupled with strategic partnerships and collaborations, are driving the growth of India's defence exports, bringing the country closer to its USD 5 billion target by 2024-25,» said Aadhar Bansal, Director, Nexgen Exhibitions, as reported by PTI.

Sensex rose more than 180 points while the Nifty50 closed above 23,400 levels. Sectorally, buying was seen in auto, telecom, consumer durable, and capital goods stocks while selling was seen in IT stocks.

Akasa Air, India’s youngest airline, is on an expansion spree. The airline has commenced operations to Riyadh, the capital of the Kingdom of Saudi Arabia. Now, Akasa will operate daily flight operations between Mumbai and Ridyadh, the airline said in a statement. As per the company, the inaugural flight on June 15, 2024 departed from Chhatrapati Shivaji Maharaj International Airport in Mumbai. 

The Reserve Bank of India (RBI) issued a circular on 7 June, relaxing overseas investment regulations and clarifying ambiguities for wealthy Indians, business families, and startups seeking to invest in foreign securities, funds, and companies. 

food security—a priority for scientists. Over the past decade the quality and the quantity of crop research that China produces has grown immensely, and now the country is widely regarded as a leader in the field. According to an editor of a prestigious European plant-sciences journal, there are some months when half of the submissions can come from China.