International Financial News

BEIJING — The International Monetary Fund on Wednesday raised its forecast for China's growth this year to 5%, from 4.6% previously, due to «strong» first quarter figures and recent policy measures.

BEIJING — Chinese travelers are increasingly opting for cheaper domestic destinations over foreign tourist spots.

spending limits on online and real money games to tackle gaming addiction among children and young adults, sources told ET. A consensus on this method, which has also been adopted in China, emerged in the recent internal meetings of the ministry of electronics and information technology during which various aspects of the Information Technology Rules of 2021 were discussed.

A report by the United Nations says that as economies in Asia and the Pacific slow and grow older, countries need to do more to ensure that workers get the education, training and social safety nets needed to raise incomes and ensure social equity

A new bill introduced in the Senate could pave the way for more employees at small businesses across the country to get workplace retirement benefits.

Hollyoaks was not a 'one-hit wonder' when it was first aired in October 1995. It was here to stay and rule the British soap opera circuit, which it has successfully managed to do for almost three decades now. Channel 4 began airing the episodes since its inception and has been continuing to do so, and the response and craze around this soap opera never seems to die down among UK viewers.

Narendra Modi reiterated the need to encourage business and not demonise it. The PM's support is welcome. Post-Independence governments had a socialist mindset, leading to many perverse incentives and disincentives for India Inc. This narrative spread beyond political and bureaucratic circles to shapers of public opinion, mass media and popular culture. Expectedly, businesses and livelihood creators responded to these disincentives by gaming the system. The licence raj was less about business excellence or competition, and more about how to manipulate licences and create monopolies. In that era, black marketing, hoarding and smuggling were common. Low economic growth and insignificant job creation led to poor economic opportunities for the first post-1947 generation. They had to endure a 7-year wait for a scooter, and had to get permits for cement, steel and landline phones. The well-educated wanted their children and wards to get into top state jobs and the armed forces to escape this shortage economy.

American Airlines passengers say they were stuck on a hot Boeing jet that was suffering electrical problems in Miami before switching to another plane Thursday. (Credit: Terri and Bobbie Barbour)

Bank of Nova Scotia took higher-than-expected provisions for credit losses in the second quarter, but revenue gains helped Canada’s fourth-largest bank beat analyst expectations.

Immediately halt its military offensive and any other action in the Rafah Governorate, which may inflict on the Palestinian group in Gaza conditions of life that could bring about its physical destruction in whole or in part".The ICJ ruling against Israel on Friday brought the focus on Judge Dalveer Bhandari in India. So who is Dalveer Bhandari, the Indian Judge who voted in favor of the ruling against Israel.A former Supreme Court judge, Justice Bhandari has been a member of the International Court of Justice (ICJ) since 2012.

Stocks edged higher as markets reopened in Europe and the US with traders looking to inflation prints and central bank speakers for hints on the timing of interest-rate cuts. 

The US stock market is finally as fast as it was about a hundred years ago.

Hindustan Times reported on Tuesday.Responding to queries in Parliament by Indo-Canadian MP Arpan Khanna, Immigration Minister Marc Miller clarified, “I have never said such certificates are required for temporary residents,’ the daily reported.The Canadian immigration minister indicated that verification is done mainly through biometric data, such as fingerprints, which are cross-checked on law enforcement databases internationally. As for the police certificates from the country of origin, the HT quoted Miller as saying, “We do not, as a routine matter, require them for temporary residents."However, police certificates from abroad may occasionally be requested on a case-by-case basis if further scrutiny is necessary.“They may be required if an officer decides to do so as part of a cascading security screening," he added later.The minister's clarification comes amid debates about security checks for temporary residents, including international students, following recent criminal cases involving past visitors.It is important to note that at least two of the four persons arrested in relation to the killing of pro-Khalistan terrorist Hardeep Singh Nijjar had reached Canada in that category.

air ticket prices in India spiked 9 per cent in the first quarter of 2024, primarily on account of general increase in travel demand and «much stronger» economic growth, according to Australian Securities Exchange-listed FCM Travel. At the same time, FCM Travel said there was a 20 per cent jump in the premium class bookings in the January-March period compared to the same period last year, driven by sectors such as manufacturing IT as well as conglomerates. «Domestic air capacity has increased more than 3 per cent but due to the demand in travel, we have seen average ticket prices increase by 9 per cent which is attributed to a much stronger economic growth and a general increase in demand for travel,» said Sunny Sodhi, Managing Director of FCM Travel India. Popular domestic routes for business travel include Delhi to Mumbai, Mumbai to Delhi, and Bengaluru to Mumbai, he added.

Benchmark NSE Nifty closed 44.3 points down at 22888.15 amid selling in frontline bluechip counters.

quick service restaurants (QSR) like Domino's and Pizza Hut have been hit by the rapid expansion of food delivery platforms like Zomato and Swiggy, while quick commerce — a segment that is also led by by Zomato-owned Blinkit and Swiggy-owned Instamart — are pulling younger customers away from modern retail and other physical stores, multiple brokerage reports said. For the overall QSR industry, revenue growth for the final quarter of FY24 was at 9% on a year-on-year basis, compared to 18% growth in the same quarter of FY23, while both same store sales growth (SSSG) and average daily sales (ADS) declined, a report from brokerage firm BNP Paribas Exane said.

Shares of Glenmark Pharmaceuticals Ltd.(up 3.65 per cent), Divi's Laboratories Ltd.(up 3.22 per cent), Aurobindo Pharma Ltd.(up 2.07 per cent), Ipca Laboratories Ltd.(up 1.79 per cent) and Dr. Reddy's Laboratories Ltd.(up 1.58 per cent) ended the day as top gainers in the pack.

Japanese automaker Toyota introduced plans to cast a futuristic spin on the traditional internal combustion engine

Noida and Ghaziabad are struggling to secure sufficient water supply. Many have turned to purchasing water from private tankers or rationing their usage, despite assurances from the Noida Authority that the city receives an adequate daily supply of 480 million liters per day (MLD), against a requirement of 407 MLD, a TOI report stated. While in Ghaziabad, the city faces a worsening water crisis, particularly during the summer, due to both a shortage of potable water and poor water quality. According to the civic body, there is a daily shortfall of 25 million liters per day (MLD). The city’s growing population has further strained its infrastructure. A 2019 NITI Aayog report warned that 21 Indian cities, including Ghaziabad, could exhaust their groundwater supplies within a few years, potentially impacting 100 million people.

₹650, implying an upside of 60 percent from its current market price of 406.75, as on May 27, 2024."Currently, the stock is trading at a comforting valuation on FY26E EV/EBITDA of 12.7x. Given Yatharth's significant growth opportunities in its local market and its pledge to increase revenue without sacrificing return ratios, there's a clear sign that the gap in valuation from peers is likely to wane in the coming times.