International Financial News

Apollo Hospitals' arm to raise ₹2,475 crore from Advent InternationalModenik Lifestyle is the merged entity of Advent International's portfolio companies Dixcy Textiles Pvt Ltd and Gokaldas Intimatewear Pvt Ltd, the parent firm of the Enamor brand. The company is headquartered in Bengaluru.Advent International acquired a 60% stake in Dixcy Textiles in 2017, and bought the remaining 40% in 2019.

regional connectivity, a new 60 km railway line has been proposed between Chola in Bulandshahr and Rundhi in Palwal. This line aims to link Noida International Airport with major routes to Howrah, Chennai, and Mumbai, a TOI report stated. Officials from North Central Railway have recommended connecting the proposed tracks to the airport’s ground transportation center through an underground channel. The new line will have junctions at Chola, merging with the Delhi-Howrah line, and Rundhi, extending to the Delhi-Chennai/Mumbai route. This strategic alignment will facilitate trains from the airport to travel in multiple directions.

Boeing is now aiming for its first astronaut launch at the beginning of June

The Mexican president offered to buy its property on the Caribbean coast.

International donors meeting in Brussels say they will commit 7.5 billion euros, about $8.1 billion, in both grants and loans to support Syrians battered by war, poverty, and hunger for the rest of this year and beyond

Furiosa won the holiday box office over Garfield by a hair

A record was broken ahead of the Memorial Day weekend for the number of airline travelers screened at U.S. airports

Syria's devastating civil war, now in its 14th year, remains largely frozen and so are efforts to find a viable political solution to end it

Here's a look at the bomb threats received in India in May 20241. Taj Hotel, Airport, Mumbai: On May 27, Mumbai Police, received a threatening call indicating the presence of bombs at both Taj Hotel and Chhatrapati Shivaji Maharaj International Airport. After a thorough search, Police said that “nothing suspicious was found".

Au Small Finance Bank Ltd.(up 1.38 per cent), Bandhan Bank Ltd.(up 0.8 per cent), HDFC Bank Ltd.(up 0.41 per cent), IndusInd Bank Ltd.(up 0.16 per cent) and State Bank of India(up 0.15 per cent) were among the top gainers.

Coromandel International Ltd.(up 1.25%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.80%), Madhya Bharat Agro Products Ltd.(up 0.58%), Krishana Phoschem Ltd.(up 0.54%), Aries Agro Ltd.(up 0.44%), Paradeep Phosphates Ltd.(up 0.22%), Chambal Fertilisers & Chemicals Ltd.(up 0.14%) and Mangalore Chemicals & Fertilizers Ltd.(up 0.14%) were among the top gainers.

T-20 World Cup since the inaugural edition in 2007, despite much talk of the IPL improving the quality of Indian players.Atherton said, “They haven’t won it since that first World Cup back in 2007," Atherton said. “That’s the great irony.

CNBC-TV18 reported.During the recent earnings conference call, IndiGo's CEO Pieter Elbers revealed the airline's foray into the business class segment. "We will have business class seats deployed on India’s busiest and business routes," CNBC-TV18 quoted an Indigo official.Thus, as per media reports, business class seats will be available on India's most prominent airlines, with 10 to 15 aircraft operating on major domestic metro routes.

Dhaka Tribune reported, citing State Minister for Disaster Management and Relief Md Mohibbur Rahman. Moreover, 150,457 houses were damaged during the storm. Among these, 35,483 houses were fully damaged in 107 unions and 914 municipalities of Bangladesh, according to state minister. He spoke about the damage caused by cyclonic storm Remal during the press briefing held at the Secretariat on Monday.

Life Insurance Corporation (LIC) is contemplating a foray into the health insurance sector and is currently assessing potential acquisition prospects, reported The Times of India quoting LIC chairman Siddhartha Mohanty. The move comes amid a proposal to allow composite insurance companies in the sector. «There is an expectation that composite licences may be permitted by the new govt, and we have done some internal groundwork. While we lack expertise in general insurance, we are interested in health insurance and are also considering opportunities for inorganic growth,» said LIC chairman Siddhartha Mohanty. In February 2024, a parliamentary committee recommended the implementation of composite insurance licenses to reduce expenses and regulatory burdens for insurance providers. At present, life insurance companies are restricted to offering extended health insurance benefits. Enabling life insurance companies to furnish hospitalization and indemnity coverage would necessitate an amendment to the Insurance Act.

Siemens Energy AG has said it plans to sell the India wind turbine unit of its subsidiary, while Shell Energy, which acquired Sprng Energy in August 2022 is looking for investors. EQT and Temasek are planning to sell the 4GW O2 power platform, while Macquarie has explored the sale of its solar power project Stride platform and C&I platform Vibrant Energy.

banking tech startup Gravity has raised $1 million in a funding round led by early-stage venture fund Kettleborough VC. The funds will be employed to enhance “our engineering strength to build the product and take it to the next version, offering the best in product engineering we can,” cofounder and chief executive Satish Krishnaswamy told ET.

Online fashion retailer Myntra has gained market share over the past 12-18 months, chief executive Nandita Sinha told ET, even as the platform is facing rising competition from rivals like Reliance Ajio and Nykaa. Sinha, a Flikpart veteran and the fashion etailer’s CEO for nearly two-and-a-half years, said international brands and direct-to-consumer (D2C) brands have emerged as a top focus area for the firm, as they drive a significant part of high-value retail for the firm. Myntra is also accelerating diversification into fashion peripheral sectors like beauty and home decor, she said in an interview.

defence ministry is tightening the monitoring of defence equipment being manufactured in India and has asked the industry to strictly follow end-user certification rules when it comes to exports, after some reports of equipment going into the «wrong hands» have come up. The Indian defence sector has seen a sharp increase in production of arms and weapons for both internal use and export orders in the past few years. Weapons manufacturing is on the rise throughout the world, given the Ukraine-Russia crisis, and multiple reports have emerged of weapons landing up on either side of the conflict without proper authorisation by the country of origin. The ministry is now looking to set up an internal portal that will monitor consumption patterns of imports being done by defence sector companies, particularly when it comes to explosives and primers.

RIA Novosti.The development came three years after the Taliban returned to power in war-torn Afghanistan.ALSO READ: Afghanistan floods: Fifty people lost their lives due to heavy rainsSince 2003, the Taliban group has been designated as a terrorist outfit in Russia.“Kazakhstan has recently taken the decision, which we are also going to take, to remove them from the list of terrorist organisations," RIA Novosti quoted Russian Foreign Minister Sergei Lavrov as saying on Monday.At the end of 2023, Kazakhstan had removed the Taliban from its list of banned organisations.Despite international sanctions on the Taliban, Russia has fostered its ties with the government run by the banned outfit in Afghanistan.Moscow had also held multiple rounds of talks and boosted trade with Kabul.But, Russia has not recognised Afghanistan’s Taliban government officially yet.The state news agency TASS, citing Zamir Kabulov - director of the Second Asia Department at the Russian foreign ministry, reported that Russia’s foreign and justice ministries have reported to President Putin on the issue of removing the ban on the Taliban.ALSO READ: The Taliban warn journalists and experts against cooperating with Afghanistan International TVThe latest move by Russia could further boost diplomacy between Moscow and Kabul.According to RIA Novosti, Lavrov said Russia's decision was about recognising the realities on the ground.“They are the real power. We are not indifferent to Afghanistan.

Iran has further increased its stockpile of uranium enriched to near weapons-grade levels, a confidential report by the United Nations' nuclear watchdog said Monday. The report, seen by The Associated Press, said Iran now has 142.1 kilograms (313.2 pounds) of uranium enriched up to 60% — an increase of 20.6 kilograms (45.4 pounds) since the last report in February. Uranium enriched at 60% purity is just a short, technical step away from weapons-grade levels of 90%.