International Financial News

14.06 / 11:45

Remark Food performer Videos International cricket Azam Khan is a 'compromise': Ex-director says Pakistan cricketer 'not serious' about playing international cricket

international cricket," Hafeez said."Being lean or oversized is never an issue for me, but you need to work according to the needs of the game. You need to bring your fitness to a required level. We gave him a fitness plan, but he [Azam] could not improve.

14.06 / 11:35

CEO rights International abrdn New India manager Kristy Fong to step down

In a stock exchange notice published today (14 June), ANII chair Michael Hughes thanked Fong for her stewardship of the trust's investment portfolio. Fong joined abrdn in 2004 from Asian brokerage firm UOB Kay Hian, where she worked as an analyst. Thom has been with abrdn for over 13 years, having joined the firm in August 2010 as an investment manager on the Asian equities desk in Singapore. Prior to that, he worked as an intern and associate at Actis between 2006 and 2010. abrdn investments CEO Buehlmann: Closing GARS was 'difficult' but it was 'not right anymore' He will be a...

14.06 / 11:21

COST Provident ETF security Strategy Trade International How are different fund of funds taxed?

A Fund of Funds (FoFs) is a mutual fund that invests in other mutual funds or ETFs instead of directly in stocks, bonds, or other securities. They come in various types, such as equity-oriented, debt-oriented, hybrid, international, thematic or sectoral, ETF-based, and commodity fund of funds, each catering to different investor needs and offering diversification.

14.06 / 11:17

Provident Food Golf information Features Updates International New PNB Rupay debit card airport lounge access rules will come into effect from July 1, 2024; check details

Punjab National Bank (PNB) has announced that the lounge access program for all variants of Rupay Platinum Debit Cards have been revised. The revised program is effective from July 1, 2024, as per the PNB website. According to the PNB website, “Dear Customers, Kindly be informed that w.e.f 1s t July, 2024, the lounge access program for all variants of Rupay Platinum Debit Card has been revised as under – a. 1 (One) Domestic Airport / Railway lounge access per quarter. b. 2 (Two) International airport lounge access per annum.

14.06 / 08:41

SUN Entertainment Bill Actor show Interviews International Kevin Spacey cries, says he’s in debt ‘many millions’ in new interview

Kevin Spacey is trying to make a comeback in the entertainment world, but not before he shed a few tears on Piers Morgan‘s talk show.

14.06 / 07:41

security President War country peace International A peace summit for Ukraine opens in Switzerland, but Russia won't be taking part

Switzerland will host scores of world leaders this weekend to try to map out first steps toward peace in Ukraine

14.06 / 06:49

UPS Provident Manufacturing wellness ConocoPhillips International How solar companies are surpassing Big Oil

Chevron Corp., Shell Plc, BP Plc, TotalEnergies Se, ConocoPhillips and Eni SpA? How about Tongwei Co., GCL Technology Holdings Ltd., Xinte Energy Co., Longi Green Energy Technology Co., Trina Solar Co., JA Solar Technology Co., and Jinko Solar Co.? If the former names are familiar giants and the latter obscure, you might want to rethink how you look at the companies that provide the world with energy. On a reasonable accounting of things, the latter are just as significant — if not more so — than the powerhouses of petroleum.

14.06 / 06:17

Career wellness love performer stage International athletics Euro 2024: The players to watch and what to expect

European Championship kicks off Friday, what can we expect? An outsider victory? A Kylian Mbappé-inspired French romp? England out in the group stages? Whatever we get, there will be drama. Here, six of The Athletic's writers give their predictions: Who will win the tournament?

14.06 / 06:17

markets UPS Provident FIVE Enterprise International Acquisition of Penna Cement to increase pan-India presence, entry into Sri Lanka: Ambuja Cements

Penna Cement will increase Ambuja Cements' presence in India, particularly in South India, besides making way to markets in neighbouring Sri Lanka, the cement company said in a presentation explaining the rationale behind the acquisition. On Thursday, Ambuja Cements announced that it has decided to acquire 100 per cent shares of Penna Cement Industries Limited. Penna Cement to now become wholly owned subsidiary of Ambuja Cements. The transaction has an enterprise value of Rs 10,422 crore. The cement maker said that the transaction would be fully funded through internal accruals.

14.06 / 05:57

UPS security Dreams Metro information International RITES shares rally 4% on signing MoU with DMRC

Rail India Technical and Economic Service (RITES) rallied 4% to the day’s high of Rs 708 in today’s session on BSE after the company announced that it has signed an MoU with the Delhi Metro Rail Corporation (DMRC) for exploring consultancy and O&M of Metro Rail Systems. “RITES Ltd., a premier transport infrastructure consultancy, today signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation Ltd. (DMRC) for collaboration in comprehensive operations and management projects of Metro Railway Systems, including Rolling Stock, Depot Management, Station Management, maintenance of Railway Infrastructure, etc. in India and abroad,” said the company filing to the exchanges.

14.06 / 05:19

UPS Southern track fun Traffic International Edmonton air traffic control playfully tries to ‘divert’ Florida Panthers’ flight

Air traffic controllers at the Edmonton International Airport had a bit of good-humoured fun as the Florida Panthers’ flight from Fort Lauderdale came in for a landing Wednesday night.

14.06 / 04:21

markets COST UPS Target Manufacturing wellness International Ambuja Cements share price jumps 3% as Penna Cement acquisition seem value accretive; analysts bullish on Adani firm

₹10,422 crore. Ambuja Cements shares rallied as much as 3.86% to a fresh high of ₹690.00 apiece on the BSE.

14.06 / 01:27

Aviat Airlines country travelers rights International Destinations More rights for foreign airlines: who will fly high?

Mint explains their working, the impact on airlines and passengers. Bilateral rights are granted under air service agreements between two countries. They are a set of commercial aviation rights granting an airline the right to enter another country’s airspace.

14.06 / 01:27

markets COST Healthcare cover hospital stars International LIC plans to buy a private health insurance company

₹51 trillion and a market share of over 61.5% in life insurance, is keen to secure a composite licence—a licence planned to be introduced by the Insurance Regulatory and Development Authority of India (Irdai) that will allow an insurer to sell both life and non-life policies. “For LIC, this makes sense. The work is on internally.

14.06 / 00:19

wellness Celebrity performer country travelers International cricket India Inc's high-flyers in for a travel treat; overseas tour, meet-ups with celebs among unique rewards

Offsites may never be the same again. Corporates across sectors such as banking, auto and insurance have loosened their purse strings for top performers, partners and distributors this season and are rewarding them with unique travel experiences, luxury watches and bags as well as catch-ups with Bollywood celebrities and other rewards. Travel, including trips with families, figures high on the rewards and incentives list.

13.06 / 19:47

markets COST Enterprise Southern performer reports International Ambuja cements deal to acquire Hyderabad-based Penna

Adani Group unit Ambuja Cement is to acquire Hyderabad-based Penna Cement at an enterprise value of ₹10,422 crore, adding to its capacity and market share in southern India. Mumbai-headquartered Ambuja Cement will acquire 100% of Penna Cement from existing promoter group P Pratap Reddy and family, the company said in a stock exchange filing. Penna Cement has around ₹3,000 crore of debt, including fund, non-fund debt and inter-corporate deposits, according to sources. Of the enterprise value, Ambuja Cement will hold back around ₹3,500 crore as milestone payments for completion of 2 million tonne (MT) cement capacity and 3 MT clinker facility at Penna's Rajasthan plant, which is likely in a year.

13.06 / 18:19

Twitter CEO Action SpaceX Courts Investigations International Fired SpaceX employees sue the company for wrongfully terminating critics of CEO Elon Musk

Eight former employees sued SpaceX and its CEO Elon Musk, alleging that Musk ordered them fired after they challenged what they called rampant sexual harassment, a hostile “Animal House”-style work environment at the company and Musk's role in creating...

13.06 / 18:19

Citi Southern War country peace International Ukrainian winemakers visit California's Napa Valley to learn how to heal war-ravaged vineyards

A group of Ukrainian winemakers has visited California’s Napa Valley to learn about organic farming and how to heal land scarred by bombs and littered with mines

13.06 / 18:19

markets Target Progressive security Sustainability information International Text of the policy statement the Federal Reserve released Wednesday

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

13.06 / 18:17

UPS Provident Google country travelers Videos International One Tech Tip: Use a roaming eSIM on your summer travels to avoid cellphone data fees

For summer trips overseas, a smartphone is essential for most people

13.06 / 18:17

UPS Aviat Airlines Honeywell track Traffic International After several near-misses on airport runways, a tech company revives work on a hazard-warning system

An American industrial technology company has revived its work on a system to warn pilots if another aircraft might be on the runway they are using

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