International Financial News

Read | S&P Global revises Indian economy outlook to positiveAs of 31 December 2023, ADB had committed 623 public sector loans, grants, and technical assistance totalling $55.3 billion to India, with its current sovereign portfolio in India including 67 loans worth $14.15 billion.Some of the other MDBs, which have backed key projects in India, include the World Bank Group, the International Monetary Fund (IMF), the International Fund for Agricultural Development (IFAD), and the Global Environment Facility (GEF).Interestingly, MDBs have been urged to make more finance available to emerging and developing economies (EDEs) for meeting development needs, mitigating climate risks and insulating from global shocks.Under the Indian presidency of the G20 in 2023, an expert committee headed by economists N.K.

A Singapore Airlines flight makes an emergency landing after reported extreme turbulence and one passenger dead. (Credit: Viral Press)

Mint. The deal had fallen through last time due to a valuation mismatch after Amazon, the US multinational with interests across e-commerce, streaming, cloud computing to online advertising, conducted a due diligence, a process of audit and verification of a potential target company to confirm financial information and all other relevant facts—for the OTT service. Last time, Times Internet had asked for over $100 million for MX Player, while Amazon’s internal team had valued it at around ₹500 crore ($60 million).

Shares of Sunteck Realty Ltd.(up 4.86 per cent), Brigade Enterprises Ltd.(up 1.51 per cent), Phoenix Mills Ltd.(up 0.48 per cent) and Oberoi Realty Ltd.(up 0.01 per cent) ended the day as top gainers in the pack.

NEW DELHI : Ten of India’s 65 cities with over a million population experienced more than 100 hours of ‘heat stress’—dangerous levels of both heat and humidity—in May, in the midst of India’s longest election season, data analysed by climate tech startup, Respirer Living Sciences, showed. Heat stress refers to situations when the heat index, which accounts for both surface temperature and humidity, exceeds 41°C.

Steel pipes maker Man Industries on Wednesday said it has secured new orders worth Rs 490 crore in the domestic and international markets. With the latest win, the order book stands around Rs 2,600 crore, the company said in a statement. The new orders worth Rs 490 crore are from both domestic and international clients, and are scheduled for delivery in the next six months, it said. Man Industries Managing Director Nikhil Mansukhani said, «The start of the year is proving exceptionally strong. We expect the momentum to continue.»

Jakson Green, a new energy transition platform backed by Jakson Group, on Wednesday said it has secured Rs 60 crore funding from HSBC India. This funding will support the company's working capital requirements for its renewable energy business, both in India and internationally, a company statement said. The Jakson Green is actively expanding its global reach in Middle East, Africa, (Commonwealth of Independent States) CIS countries and Europe, it added. This sustainable trade facility from HSBC India underscores Jakson Green's unwavering commitment to ESG responsibilities and its leadership in promoting a sustainable and inclusive future.

Times of India report.Also Read | IndiGo bomb threat: Viral video shows woman walking on wing as flight attendant rescues passenger“The feature offers visibility of seats booked by female passengers only during web check-in. It is specifically tailored to PNRs with women travellers — solo as well as part of family bookings… (this is) currently in pilot mode aligning with our ‘girl power’ ethos," the airline said in a statement.Also Read | Watch | IndiGo flight to Varanasi evacuated at Delhi Airport following bomb threat; investigation underway.

Iran keeps making substantial progress in its brisk walk to an atomic weapon, a United Nations report leaked Monday suggests, and what are they going to tell us next—that there’s gambling at Rick’s? Yet the Biden Administration wants to hide this scary truth from the world in this election year. An International Atomic Energy Agency report has concluded that Iran has increased its stockpile of near-weapons-grade uranium to 142.1 kilograms—an increase of 20.6 kilograms since the IAEA’s last estimate in February. This will be enough for three warheads once Iran completes the technologically straightforward process of enriching its hoard to 90% from 60%.

₹72,320 per 10 gm mark. Today, COMEX gold prices oscillate around $2,358 per troy ounce in the international market. This trend is in line with the recent upward movement in gold prices, which have been on a steady rise since [specific date].

₹1 lakh a month. Yes, this is a silly number, but bear with the exercise. It will be useful, pinky promise.

Punjab National Bank(up 1.21 per cent), Bandhan Bank Ltd.(up 1.06 per cent) and Au Small Finance Bank Ltd.(up 0.85 per cent) were among the top gainers.

Eicher Motors Ltd.(up 0.35 per cent) and Bosch Ltd.(up 0.34 per cent) were among the top gainers.

International Federation of Red Cross and Red Crescent Societies (IFRC) called on Wednesday for a ceasefire and unimpeded humanitarian access to the Gaza Strip, where millions of people face worsening hunger. The war-torn enclave is suffering from a humanitarian catastrophe nearly seven months after Israel launched a devastating offensive in response to the Oct. 7 Hamas-led attacks that killed 1,200 people in Israel.

Rising strain in auto loans and Canadian mortgages led Scotiabank to set aside more money in case they go bad, leading to a drop in second quarter profits.

In the 1970s, President Jimmy Carter placed solar panels on the roof of the White House as a symbol of his commitment to developing energy from the sun. In the 1990s, Japan offered homeowners groundbreaking subsidies to install photovoltaic panels. And in the 2000s, Germany developed an innovative program that guaranteed consumers who adopted a solar energy system that they would sell their electricity at a profit. But no country has come close to matching the scale and tenacity of China's support. The proof is in the production: In 2022, Beijing accounted for 85% of all clean-energy manufacturing investment in the world, according to the International Energy Agency.

Australia's first Twenty20 World Cup warm-up match took an unusual turn on Tuesday when the team could only field nine players instead of the standard 11 for their game against Namibia, resulting in the chief selector and coach stepping in to complete the squad. The T20 World Cup starts on Saturday and is being held in the United States and the Caribbean. At Trinidad’s Queen’s Park Oval, the Australians secured an easy victory. They restricted Namibia to 119-9 after the African team was sent in to bat. Australia, led by David Warner’s unbeaten 54, chased down the target, scoring 123-3 in just 10 overs, winning by seven wickets. Selection chief George Bailey and fielding coach Andre Borovec, wearing unmarked shirts, joined the field after Australia captain Mitch Marsh won the toss. Bailey, 41, a former international cricketer and one of Australia’s best fielders, and Borovec, 46, a former wicketkeeper for Geelong in the Victorian Premier Cricket league, played as substitutes. Later, Cricket Australia reported that batting coach Brad Hodge and head coach Andrew McDonald also took to the field when Marsh and Josh Hazlewood spent time off.

Indian stocks, the total assets under management (AUM) of state-owned insurance behemoth LIC has now crossed the Rs 50 lakh crore mark to nearly double the size of neighbouring Pakistan's GDP. Latest data shows that Life Insurance Corporation of India's AUM has increased by 16.48% year-on-year (YoY) to Rs 51,21,887 crore ($616 billion) as of March-end compared with Rs 43,97,205 crore at the end of the previous FY23.

Nawaz Sharif has admitted that his country “violated" a peace agreement with India in 1999.This disclosure came as Sharif assumed the Pakistan Muslim League's (Nawaz) presidency, six years after being disqualified by the country's Supreme Court.“On May 28, 1998, Pakistan carried out five nuclear tests. After that Vajpayee Saheb came here and agreed with us. But we violated that agreement...

International Monetary Fund now expects China’s economy to grow 5% this year, raising its forecast from 4.6% earlier this year to reflect a strong expansion at the start of 2024 and additional support from the government. The Fund expects the momentum to continue, raising its gross domestic product forecast for next year to 4.5% from 4.1%, according to a press release published Wednesday.

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