International Financial News

Balkrishna Industries Ltd.(up 0.68 per cent), Hero MotoCorp Ltd.(up 0.62 per cent), Apollo Tyres Ltd.(up 0.34 per cent) and Ashok Leyland Ltd.(up 0.05 per cent) were among the top gainers.

Samvardhana Motherson International as the company posted a two-fold jump in its net profit to Rs 1,444 crore for Q4FY24. The company's total revenue from operations also rose to Rs 27,058 crore for the period under review as compared to Rs 22,517 crore in the last quarter of FY23.

Samvardhana Motherson International with a target price of Rs 180. The current market price of Samvardhana Motherson International Ltd. is Rs 147.6. Samvardhana Motherson International Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 100087.74 Crore) operating in Auto Ancillaries sector.

initial public offering, launched Tuesday, would be the largest by a US company this year if it prices at the top of its range to raise $1.04 billion.When it comes to all IPOs on US exchanges this year, it wouldn’t even make the top three.Also Read | JPMorgan Chase's Jamie Dimon shares his morning routine: ‘I get up at 4.30, flip through five papers…’The largest such offerings to date are by companies domiciled outside the US: Viking Holdings Ltd. in Bermuda, Amer Sports Inc.

Q4 FY2024 Earnings: The Indian equity market is expected to buzz on May 30, 2024, as 908 companies will post their earnings for the fourth quarter that ended March 31, 2024. Among these companies, ten notable ones are Apollo Hospitals Enterprise, Bharat Dynamics, Black Box, Gateway Distriparks, Godfrey Phillips India, Hindustan Adhesives, Muthoot Finance, Reliance Capital, Reliance Infrastructure, and Welspun Corp.First Custodian Fund (India), Fourth Generation Information Systems, Aanchal Ispat, Aarey Drugs & Pharmaceuticals, Aartech Solonics, Aashka Hospitals, Aayush Food and Herbs, Abhishek Infraventures, Arunjyoti Bio Ventures, Ace Software Exports, Amrapali Capital and Finance Services, ACS Technologies, Active Clothing Co, Adarsh Mercantile, Aditya Ispat, Archidply Decor, ADS Diagnostic, Aditya Forge, Advait Infratech, Advik Laboratories, Advance Lifestyles, Artemis Electricals and Projects, Affordable Robotic & Automation, Ambassador Intra Holdings, Authum Investment & Infrastructure, Ajanta Soya, Ajel, AJR Infra And Tolling, AKM Creations, A.K.

Turno, an electric vehicle distribution and financing startup, has raised $6 million from impact investor British International Investment (BII) and venture capital firms Quona Capital, Stellaris Venture Partners and B Capital. Founded in April 2022 by former Zoomcar C-suite executives Hemanth Aluru and Sudhindra Reddy, the Bengaluru-based startup offers financing solutions to small and mid-size enterprises as well as individuals who plan to buy commercial three-wheeler (3W) electric vehicles.

GenAI landscape, navigating complex compliances such as transfer pricing, SEZ (special economic zone), labour and data laws are among key priorities for the global capability centres (GCCs) operating in India, said a Nasscom-KPMG survey report. «81% of respondents mentioned transfer pricing as the top regulatory priority for GCCs in India. More than half of the respondents highlighted SEZ laws and STPI regulations (67%) and labour laws (60%) among key regulatory priorities,» stated the report titled 'GCCs in India: Building resilience for sustainable growth', to be released today.

extension from the government to comply with the Liberalised Remittance Scheme (LRS) for international credit card spends, said people familiar with the matter. The scheme allows Indian residents to remit up to $250,000 abroad in a financial year for permissible purposes such as education, travel and investment. Last year, the government announced that forex transactions through credit cards would be covered under the scheme and charged 20% tax collected at source (TCS) beyond the threshold of ₹7 lakh per fiscal. Senior bank executives decided, at a meeting held earlier this month, to seek an extension till June 30 to fully calibrate their systems to report such transactions. «Earlier this month a communication was received from the RBI on the preparedness for implementing the guidelines,» said one of the executives, who did not wish to be identified.

The owner of Britain’s Royal Mail says it has accepted a 3.6 billion pound ($4.6 billion) takeover offer from Czech investor Daniel Křetínský

An international law enforcement team has arrested a Chinese national and disrupted a major botnet that officials said he ran for nearly a decade

The International Monetary Fund has upgraded its forecast for China's economy, while warning that reforms are needed to sustain growth

OpenAI CEO Sam Altman is joining a high-profile list of more than 240 wealthy philanthropists committed to donating over half their fortunes

John F Kennedy International Airport in New York to the Changi International Airport in Singapore, have you ever wondered which is the shortest flight operated and in which sector of the world? The answer is a flight between two Scottish Orkney islands. This flight is operated by Loganair and the flight travels between Westray and Para Westray and this is operated in about one and a half minutes. Details

meeting with PM Narendra Modi in September 2018 proved a turning point for Sunil Bharti Mittal-led Bharti Airtel, which was facing an existential crisis at the time, the Bharti Group founder told ET. Airtel was then reeling under the onslaught of free voice and data services offered by the then new entrant Reliance Jio and a series of decisions by the telecom regulator that adversely impacted the incumbent market leader, Mittal said. "...in (September) 2018, I sought a meeting with the PM. I was still the chairman of GSMA...just coming out from the chairmanship of the International Chambers of Commerce, when I used to brief him (PM) occasionally on WTO, G20 and other issues. So, I took the liberty and took his permission to talk about the Indian telecom industry. I told him that things were going very badly and the situation was getting very alarming," Mittal told ET. He was referring to the free voice and data services being offered by Jio, which entered the telecom market in 2016, and a slew of regulations that, Mittal felt, favoured one side.

EBAday has provided this to the Finextra and EBA community, year on year, for 18 years and will again in Lisbon at the CCL from 18-19 June 2024, leading the conversation on orchestrating the dialogue on payments and the advantages of collaboration.

Researchers have found evidence that the surface of Venus appears to show lava flows, very recent, which suggests that the planet is more volcanic than thought before. Italy's International Research School of Planetary Sciences has claimed to have known the details about the changes related to the planet's surface. These images captured by the researchers were then tallied with the earlier images of the planet's surface, taken between 1990-1992. The images captured back then were taken from the Magellan spacecraft, which was back then the first of its kind, designed to capture images of Venus' surfaces.

Pakistan Prime Minister Nawaz Sharif accepted that his country violated the 1999 Lahore Declaration, which he signed with his Indian counterpart Atal Bihari Vajpayee. "On May 28, 1998, Pakistan carried out five nuclear tests. After that, Vajpayee Saheb came here and made an agreement with us.

₹1,200 crore to supply coaches and locos to Bangladesh and Mozambique, RITES is now bidding for tenders for rolling stock supplies, consultancy operations and quality assurance businesses across regions, Mithal said.A few large projects are expected to land in FY25 helping it scale export operations.“We started FY24 with an export order book of less than ₹100 crore as no fresh orders were received for past four years. The Bangladesh and Mozambique order has come at the right time and given us confidence to win more orders even in competitively bid global tenders.

Famed short seller Jim Chanos called a lawsuit accusing him of embezzling funds for personal use, «false, baseless and defamatory.» Chanos gave the statement to CNBC's Scott Wapner in response to allegations made by a former investor in Chanos & Co. Conlon Holdings, a Chicago-based firm run by Sean Conlon, filed the suit in New York State court over the weekend, alleging that Chanos used his firm as a «piggy bank» with $10 million of outstanding loans that he borrowed from his company over more than a decade. The suit was originally reported by Bloomberg News.

image of refugee tents on a vast piece of land has become incredibly viral amid the Israel-Hamas War, which is currently at its peak. The image contains a bold text that reads, "All eyes on Rafah," which is currently the home for thousands of Palestinians who have been displaced from the Gaza Strip. Rafah, an area in the south of Gaza, bordering Egypt, was bombed by Israeli forces. This caused the loss of lives of at least 45 civilians, along with many injured, according to an 'NBC' report.

T20 World Cup 2024 full schedule: The International Cricket Council (ICC) Men's T20 World Cup 2024 is just days away, and some teams are already in the United States practising for the upcoming marquee tournament. Rohit Sharma-led Team India squad landed in New York on Monday and was seen conducting team-building exercises on Wednesday.