International Financial News

13.06 / 05:01

markets Gap security Experts recommendations Commentary International Gold rate today: Why is gold price nosediving today after US Fed meeting?

Gold rate today: On account of hawkish US Fed on interest rate fueling US dollar rates, gold price today witnessed a sharp fall in the early morning session. Gold futures contract on the Multi Commodity Exchange (MCX) for August 2024 expiry opened with a downside gap at ₹71,475 per 10 gm and touched an intraday low of ₹71,401 within a few minutes of the opening bell.

13.06 / 01:31

UPS Target Ball International cricket India vs USA: Why USA was given ‘stop-clock penalty’ at the T20 World Cup qualifier | Explained

India vs USA Highlights: Suryakumar Yadav's stunning half-century lead IND to T20 World Cup 2024 Super 8 stageA team is hit with the ‘stop-clock’ penalty if they take more than a minute between overs even after receiving two warnings. The rule was introduced by the International Cricket Council (ICC) in an effort to speed up play, AFP added.On June 12, USA was penalised at the start of the 16th over.

13.06 / 01:31

security Apple Enterprise track information reports International OpenAI doubles annualised revenue to $3.4 billion, says report

OpenAI is on pace for $3.4 billion of annual revenue, Chief Executive Officer Sam Altman told the company’s staff, according to a person familiar with the matter.In an all-hands meeting Wednesday, Altman said the vast majority of that revenue — about $3.2 billion — comes from OpenAI’s products and services, according to the person, who spoke on condition of anonymity to discuss internal communications. Altman said OpenAI is also on track to generate about $200 million by offering access to its AI models through Microsoft Azure, the person said.Also Read: Musk declares ban on Apple devices in his companies if OpenAI is integrated amid security concernsThe Information was first to report the revenue figure.

13.06 / 00:09

Cooper Citizens economy WhatsApp Department International Finance Minister on Day 1: Pledges more steps to ensure 'ease of living'; reforms drive to continue

Nirmala Sitharaman on Wednesday said the reforms momentum will continue, which will spur growth and ensure macro-economic stability, presenting an “optimistic economic outlook” for the coming years.

12.06 / 22:39

CEO Southern Nov reports gatherings Videos International Waffle House will raise wages for tipped workers amid labor advocacy efforts

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12.06 / 21:55

Discover Immunic Research country infection strain International Has the International Space Station been affected by a Super Bug?

astronauts in the International Space Station (ISS), space researchers have recently discovered 13 new strains of a bacteria. The bacteria are believed to have mutated in space. These strains of the superbug are resistant to the anti-biotics that is consumed on Earth, according to the space researchers. The bacteria mutated from its earthly form to become distinct. The scientific name of the bacteria is ‘Enterobacter bugandensis’ and is found to be less harmful on earth. Presently, the health of the astronauts has not been compromised. However, they have been warned to undergo regular check-ups.

12.06 / 21:55

Diversity information reports travelers shock gatherings International What physical, mental and genetic changes do astronauts undergo? Inspiration 4 Mission gives shocking information

genetic changes in their cells. These results have been released by scientists in periodicals such as 'Nature'. At Earth's surface, the majority of these modifications were reversed. As per the reports of the 'New York Times', we still have a lot to learn about the health implications of space travel, even though the results point to no significant concerns for upcoming space passengers.

12.06 / 21:05

markets Manufacturing Platform Action Trade Department International New incentive scheme for toy manufacturing soon

The government is considering launching an incentive scheme to boost domestic manufacturing of toys, keeping in view the high employment potential of the sector. This follows a series of steps taken over recent months to support the industry, including hike in import tariffs to curb inflow of cheaper products from abroad, and tightened quality norms for imports.

12.06 / 19:23

Fox Airlines security reports Videos International Naked woman in Philippines airport walks through security in fit over visa issue

A 34-year-old Vietnamese tourist was reportedly angry about visa fees emerged from the women's bathroom with no clothes, June 8, 2024 at Ninoy Aquino International Airport in Manila, Philippines. (Credit: Viral Press)

12.06 / 17:43

markets COST Provident Research prevention International National Bank's bid to buy Canadian Western signals more consolidations in banking sector

National Bank of Canada’s bid to buy Canadian Western Bank is yet another sign that Canada’s banking sector is going to further consolidate as the larger banks try to gain more control and tackle any headwinds they might face in the near term, some analysts say.

12.06 / 14:07

markets UPS security Enterprise performer International Amfi stock classification: Multibagger midcaps NHPC, BHEL, 5 others likely to turn largecaps

Hero Motocorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals (BHEL), Bosch and Samvardhana Motherson International — are likely to make the cut into the largecap category in the upcoming Amfi Semi-Annual Categorisation for H2CY2024, IIFL Securities said in a note. The semi-annual cut-off date is June 30, 2024. Meanwhile, existing largecaps ICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, Polycab India, SRF, Marico, SBI Cards & Payment Services and Berger Paints are likely to get demoted to midcaps, this note said.

12.06 / 14:07

markets COST WhatsApp country social International Muthoot Microfin raises $38 million in ECB on higher investor interest

Muthoot Microfin has raised $38 million in external commercial borrowing from Union Bank of India (DIFC branch), Bank of Bahrain and Kuwait, Bank of India (DIFC branch, Dubai), Mega International Commercial Bank Co (Labuan Branch). The lender raised the fund with three years and three months maturity at 9.58% blended cost, benchmarked to a three-month term SOFR (Secured Overnight Financing Rate) with a margin of 2.85%.

12.06 / 13:21

Election RAI BABA country International PM Modi to visit Varanasi on June 18, release Samman Nidhi instalment to benefit farmers

Modi government for the third consecutive time at the Centre, Prime Minister Narendra Modi will visit his parliamentary constituency of Varanasi for the first time on June 18. The PM will address a Kisan Sammelan in Varanasi during his one-day visit.

12.06 / 12:43

Highways Death President 2020 reports recommendations International International Road Federation calls for reducing GST on helmets from 18% to nil

International Road Federation (IRF), a Geneva-based global road safety body, has urged the Goods & Service Tax (GST) council and the ministry of finance to reduce GST on helmets from 18% to nil to make them affordable to the masses and road accident fatalities to two-wheeler riders.

12.06 / 12:05

markets UPS ICE Trade Updates International Stock market update: Nifty Auto index falls 0.05%

Shares of Exide Industries Ltd.(up 2.25 per cent), Eicher Motors Ltd.(up 1.94 per cent), Bharat Forge Ltd.(up 1.81 per cent), Samvardhana Motherson International Ltd.(up 1.76 per cent) and Bajaj Auto Ltd.(up 0.94 per cent) ended the day as top gainers in the pack.

12.06 / 12:05

markets UPS Southern AGRO Updates International Stock market update: Fertilisers stocks up as market rises

Nagarjuna Fertilizers and Chemicals Ltd.(up 1.72%), Paradeep Phosphates Ltd.(up 1.71%), Madras Fertilizers Ltd.(up 1.54%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.18%), Chambal Fertilisers & Chemicals Ltd.(up 1.01%), Rama Phosphates Ltd.(up 0.82%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.75%), Zuari Agro Chemicals Ltd.(up 0.64%), Aries Agro Ltd.(up 0.62%) and Coromandel International Ltd.(up 0.59%) stood among the top gainers.

12.06 / 11:21

Election country social International Rajeev Chandrasekhar responds to retirement rumours: ‘Sipahi of Narendra Modi…’

Rajeev Chandrasekhar said on Wednesday that ‘he is still a sipahi of Narendra Modi and working towards PM's mission of Viksit Bharat’Chandrasekhar said, "No I have not retired at all. In my social media post, I was relinquishing my 18 years of being an MP and now becoming a full-time party worker for the BJP and 'Sipahi' of Narendra Modi for working for his vision of Viksit Bharat.

12.06 / 10:27

markets Manufacturing economy wellness country reports International India to lead world in fuel demand growth: IEA

global oil demand, the International Energy Agency (IEA) said Wednesday, forecasting rise in consumption by a massive 1.3 million barrels between 2023 and 2030. In its Oil 2024 Report, the Paris-based energy watchdog said India's oil demand is forecast to grow more than any country's other than China between 2023 and 2030.

12.06 / 09:43

UPS Manufacturing Department rights International More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say

The federal government has issued more than $1 billion in tax credits as an upfront cash incentive to buyers of electric vehicles, the U.S. Treasury Department and Internal Revenue Service said Wednesday.

12.06 / 09:33

markets Provident security Analysis economy trends International Financial AI's edge in financial markets: 4 pillars of sentiment analysis

Indian stock market movements with international geopolitical developments, shifts in the US economy, and fluctuations in commodity prices such as oil and gold. This global perspective is crucial for predicting market trends and preparing for potential impacts.

12.06 / 08:43

markets Cooper Manufacturing economy wellness Trade International China warns EU tariffs on EVs would 'harm' Europe's interests

China warned Wednesday that expected additional EU tariffs on imports of Chinese electric vehicles would «harm Europe's own interests» and condemned the bloc's «protectionism.»

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