International Financial News

Adani Energy Solutions Ltd, formerly Adani Transmission Ltd, will raise up to Rs 12,500 crore through qualified institutional placement (QIP) or other permissible mode, the company said in a regulatory filing on Monday. «We wish to inform you that the Board of Directors of the company has approved raising of funds by way of issuance of such number of equity shares having face value of Rs 10 each for an aggregate amount not exceeding Rs 12,500 crore or an equivalent amount thereof by way of Qualified Institutional Placement (QIP) or other permissible mode, in one or more tranches,» the company said.

Netaji Subhas Chandra Bose International (NSCBI) airport here on Monday after a 21-hour suspension in the wake of severe cyclone Remal, at least eight flights had to be diverted to other cities because of adverse weather conditions. «So far, eight flights bound for Kolkata had to be diverted to other airports such as Guwahati, Gaya, Varanasi and Bhubaneswar due to bad weather,» an AAI spokesperson said. The first departure from the city was IndiGo's flight to Port Blair at 8.59am, he added. Kolkata airport director C Pattabhi said that no infrastructure suffered any damage due to the natural calamity.

Gaza city of Rafah, officials said on Monday, prompting an outcry from global leaders who urged the implementation of a World Court ruling to halt Israel's assault. In scenes grimly familiar from a war in its eighth month, Palestinian families rushed to hospitals to prepare their dead for burial after the strike late on Sunday night set tents and rickety shelters ablaze.

Flipkart has FOMO? Zepto and Blinkit are changing the e-commerce giant Separately, one of Dunzo’s financial creditors has also filed an insolvency application against the company. Dunzo said, however, that it was close to reaching a settlement with this lender. In November, Dunzo’s operational creditor Velvin Group, an Indian manufacturer of sustainable packaging solutions, initiated insolvency proceedings against the company.

₹50 crore in a mix of equity and debt to expand its presence in India's wedding and occasion-wear market. The funding was led by Sangita Jindal, chairperson, JSW Foundation.

₹153-161 a share. The Aimtron Electronics IPO will become available for subscription to investors om Thursday , 30 May, 2024 and will close on Monday 3 June 2024.Aimtron Electronics Initial public offering (IPO) is a fresh issue of 54.05 lakh shares and Aimtron Electronics plans to raise ₹87.02 crore through the issue.

players who left for the United States ahead of the T20 World Cup 2024 have reached New York to take part in the upcoming ICC event. Earlier on Saturday, the Indian cricketers including skipper Rohit Sharma, pace spearhead Jasprit Bumrah and number one-ranked T20I batter Suryakumar Yadav left for the United States. The Board of Control for Cricket in India (BCCI) took to their official social media handle and shared a clip of the players reaching the US for the upcoming T20 World Cup. In the video, the Indian cricketers were captured leaving the airport in New York and boarding the team bus.

BEIJING — Soccer star David Beckham will promote Alibaba's international e-commerce platform, AliExpress, in its biggest global brand ambassador partnership to date, the business unit announced Monday.

Rafah on Sunday night, killed two senior Hamas commanders after targeting a Hamas compound, reported The Times of Israel. The Israeli attack followed Hamas's first rocket attack on the Israeli city of Tel Aviv in months, reported Al Jazeera. The Israeli airstrikes claimed the lives of 35 people and two senior Hamas commanders, injuring a dozen others in a blaze caused in a camp housing displaced civilians, according to The Times of Israel, citing Hamas health authorities.

Adani Enterprises has become a dominant forcein the nation's infrastructure and energy sectors. It’s a diversified powerhouse with a strategic industrial ecosystem. Headquartered in Ahmedabad, this Adani group leader boasts a multifaceted portfolio.

India and Indonesia, whose populations are growing at a solid pace, stand to benefit as demographics begin to play a bigger role in investment decisions, according to Fidelity International and BlackRock Investment Institute.The investors are focusing on the two nations in emerging Asia, thanks in part to an expected boom in infrastructure spending, which in turn bodes well for the countries’ economies. Both India and Indonesia coincidentally had elections this year, showcasing to the world their ambition to transition into major economic powerhouses with their dynamic population a key strength.

United Nations resident coordinator dated Sunday, the acting director of the South Pacific island nation’s National Disaster Center said the landslide “buried more than 2000 people alive" and caused “major destruction."Estimates of the casualties have varied widely since the disaster occurred, and it was not immediately clear how officials arrived the number of people affected.Australia prepared on Monday to send aircraft and other equipment to help at the site of a deadly landslide in Papua New Guinea as overnight rains in the South Pacific nation’s mountainous interior raised fears that the tons of rubble that buried hundreds of villagers could become dangerously unstable.Australian Defense Minister Richard Marles said his officials have been talking with their Papua New Guinea counterparts since Friday, when a mountainside collapsed on Yambali village in Enga province, which the United Nations estimates killed 670 people. The remains of only six people had been recovered so far.“The exact nature of the support that we do provide will play out over the coming days," Marles told Australian Broadcasting Corp.“We’ve got obviously airlift capacity to get people there.

Climate change continues to ravage Africa, which is enduring extreme weather and natural disasters on an unprecedented scale. My own country, Kenya, has just emerged from its longest drought on record, only to suffer devastating floods, which have killed 289 people and affected more than 800,000. Meanwhile, Malawi, Zambia and Zimbabwe recently experienced a severe drought that exposed millions of people to hunger, and the Sahel region was hit by a debilitating heatwave, resulting in more than 100 deaths in Mali.

medical treatments for cancer are advancing very rapidly. Survival rates are improving greatly and some cancers are now being managed more as long-term chronic diseases rather than illnesses that will rapidly claim a patient's life. The mainstays of cancer treatment remain surgery, chemotherapy, radiation therapy, immunotherapy, targeted therapy and hormone therapy. But there are other treatments and strategies — «adjunct» or supportive cancer care — that can have a powerful impact on a patient's quality of life, survival and experience during cancer treatment.

Anwarul Azim Anar in a flat in New Town, Kolkata, authorities are intensifying efforts to apprehend the alleged mastermind, Akhtaruzzaman Shaheen. A team of Dhaka policemen, led by their detective chief, has arrived in Kolkata and revealed suspicions that Shaheen, a childhood friend of Anar, has fled to the United States. The primary suspect in the murder of Bangladeshi MP Anwarul Azim Anar, Akhtaruzzaman Shaheen, is believed to have escaped to the US via Dubai from Kathmandu. The Bangladeshi detective chief, Mohammad Harun-or-Rashid, disclosed this information during his visit to Kolkata, where the crime took place.

Oil prices were in a holding pattern in early Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the rest of the year. The Brent crude July contract inched up 11 cents to $82.23 a barrel by 0036 GMT. The more-active August contract LCOc2 rose 13 cents to $81.97.

department of telecommunications (DoT) and mobile operators devised a system that can identify and block spoof international calls showing up as Indian numbers. Through this, the government and telcos are seeking to give relief to mobile users who have been getting such calls from cyber criminals posing as police officials, courier company workers and even DoT and Trai officials. Hoax international calls originate outside the country, but cyber criminals manipulate the calling line identity (CLI) to make such calls appear as originating within India. The DoT has directed telecom carriers to block such calls.

electronics manufacturing industry is urging the government for a ₹30,000-₹35,000 crore production-linked incentive (PLI) scheme for components and sub-assemblies, along with capital expenditure backup to support surging exports of mobile phones and other electronics. «The incentive scheme is needed to support growing demand for electronics components to the tune of $75-$80 billion by 2026, and $300 billion by 2032 to support $300 billion worth of electronics products manufacturing by 2026 and $1.2 trillion by 2032,» the India Cellular & Electronics Association (ICEA), which represents top smartphone brands and manufacturing companies, said. The scheme's objective is to boost domestic value addition, especially in mobile phone manufacturing to 35-40%, from 18% now, said ICEA, adding component manufacturing should run parallel to the development of semiconductor ecosystem, currently underway in India. «In confronting its burgeoning semiconductor demand, we must recognise the emergent necessity to pivot from heavy reliance on imports towards fostering an indigenous semiconductor ecosystem, underpinned by localised PCBA operations, focused circuit design, and deepened value addition across product manufacturing,» the industry body said.

Radisson Hotel Group, the second biggest international chain in India by hotel network and room inventory, plans to open a new hotel every 20 days in the country this year, Nikhil Sharma, the chain’s new managing director, and area senior VP for South Asia told ET. Sharma said the chain, that aims to have a hotel at every two hours of driving distance in India, is also building its presence in religious destinations and will launch the first globally branded hotels in markets such as Vrindavan, Ujjain and Guruvayur. «People are visiting religious destinations far more than pre Covid times. We were the first to launch a branded hotel in Ayodhya before the Ram temple inauguration. The hotel clocked an average daily rate of Rs 1.15 lakh in the first month. It is still sold out on most days and the average daily rate is Rs 30,000 now,” said Sharma.

genetic resources and associated traditional knowledge at the World Intellectual Property Organization (WIPO) is a «significant win» for India and the global South ,comprising mainly low-income and developing countries, the commerce and industry ministry said on Sunday. The treaty will establish in international law a new disclosure requirement for patent applicants whose inventions are based on genetic resources and associated traditional knowledge. This will also offer added protection to Indian generic resources and traditional knowledge in countries that don't currently have disclosure obligations. The signing of the treaty on Friday capped two decades of negotiations. It was adopted at the multilateral fora with a consensus among more than 150 countries, the ministry said in a statement.

Free Balochistan Movement (Germany chapter) staged a demonstration in Dortmund, Germany, on May 25, aiming to draw attention to the consequences of Pakistan's nuclear tests in Balochistan on May 28, 1998. The protest sought to raise awareness about the dangers posed by Pakistan's nuclear arsenal.