International Financial News

landfall of severe cyclone Remal has led to significant disruptions in air, rail, and road transportation in Kolkata and other parts of South Bengal on Sunday, with concerns expected to continue into Monday. As a precaution, Kolkata airport authorities have suspended flight operations for 21 hours from Sunday noon. Additionally, the Eastern and South Eastern railways cancelled several trains. Intermittent showers and gusty winds affected South Bengal districts from Sunday morning, leading to a noticeable absence of buses, taxis, and three-wheelers on the roads in Kolkata and district towns. Disruptions in road and rail transport are anticipated on Monday, due to the effects of the cyclone's landfall, expected by midnight on Sunday.

Prime Minister Benjamin Netanyahu was to convene his war cabinet Sunday to discuss the latest efforts towards a Gaza truce and hostage release deal, a senior official told AFP. The news came despite more deadly Gaza fighting and a rocket barrage Hamas aimed at Tel Aviv that sent people scrambling for bomb shelters as air defences intercepted projectiles streaking across the sky. US President Joe Biden has pushed for renewed international efforts to halt the Gaza war, and CIA chief Bill Burns on Friday met Mossad director David Barnea and Qatar's prime minister in Paris.

IndiGo airlines has rescheduled and cancelled some flights due to Cyclone Remal and issued NOTAM in Kolkata. A Notice to Air Missions (NOTAM) is a message sent by the Federal Aviation Administration (FAA) to pilots to alert them of potential hazards that could affect their flight. The storm, expected to bring maximum sustained wind speeds of 110-120 kmph with gusts up to 135 kmph, is likely to make landfall around 11 pm on Sunday near Khepupara in Bangladesh and Sagar Islands in West Bengal. In a statement, the airlines said, «IndiGo has rescheduled and cancelled some flights due to Cyclone REMAL and the NOTAM issued in Kolkata. Passengers have been informed of all changes in advance and being provided real-time updates on social platforms».

India is positioning itself as a key player in the renewable ammonia market with several international trade agreements already inked and more on the horizon. According to S&P Global Commodity Insights, however, industry insiders emphasize the need for greater policy clarity and price stability to transform these agreements into binding deals. The country's ambition to produce 5 million metric tons (mt) of renewable hydrogen by 2030 and secure a 10 per cent share of the global trade by that time underscores its commitment to renewable energy.

₹1-1.5 trillion on a daily basis, as has been the case since April. Yet, the bank surpluses that have flowed into the SDF have been buoyant and could lie in a range of ₹60,000-80,000 crore. This shows that the system is not one-sided.

telecom operators to block all incoming international spoofed calls that display Indian mobile numbers, an official statement said on Sunday. The Department of Telecom (DoT) said that it has been reported that fraudsters are making international spoofed calls displaying Indian mobile numbers to Indian citizens and committing cyber-crime and financial frauds. Such calls appear to be originating within India but are being made by cyber-criminals from abroad by manipulating the calling line identity (CLI) and have been misused in recent cases of fake digital arrests, FedEx scams, drugs or narcotics in courier, impersonation as government and police officials, disconnections of mobile numbers by DoT or TRAI officials, etc. «DoT and Telecom Service Providers (TSPs) have devised a system to identify and block such international spoofed calls from reaching any Indian telecom subscriber. Now directions have been issued to the TSPs for blocking such incoming international spoofed calls,» the statement said.

U.N. migration agency estimated on Sunday as rescue efforts continued. Media in the South Pacific nation north of Australia had previously estimated Friday's landslide had buried more than 300 people. The International Organization for Migration (IOM) said earlier on Sunday that only five bodies had been retrieved from the rubble.

financial fraud. These calls seem to originate from within India but are actually made by cyber-criminals abroad who manipulate the calling line identity (CLI).

₹6 per share in both 2022 and 2023.Also read: Market capitalization of 9 of top-10 most valued firms jump ₹1.85 lakh crore; Reliance and HDFC top gainersMM Forgings is a significant exporter of forgings in India, positioning itself as a comprehensive provider of closed die forgings for both domestic and international markets, according to its website.The company operates 10 plants with a combined capacity of 1.1 lakh metric tonnes.Brokerage firm Anand Rathi has given a ‘buy’ rating to the MM Forgings stock, with a target price of ₹1,200.For the quarter ending December 31, 2023, the company reported a consolidated total income of ₹404.15 crore, which is a 0.85 per cent increase from the previous quarter's total income of ₹400.73 crore and a 7.41 per cent increase compared to the same quarter last year's total income of ₹376.27 crore. The company also reported a net profit after tax of ₹33.54 crore for the latest quarter.Also read: FPO lock-in expiry: Vodafone Idea share price to gain focus on Monday as anchor investors' 30-day lock-in period endsShares of MM Forgings declined by 1 per cent on Friday but have gained 15.5 per cent year-to-date in 2024.

Prafulla Dhariwal, a significant contributor to OpenAI's GPT-4 project, has been lauded by CEO Sam Altman. Altman’s tweet emphasized Prafulla's crucial role: «GPT-4 would not have happened without the vision, talent, conviction, and determination of @prafdhar over a long period. That (along with the work of many others) led to what I hope will turn out to be a revolution in how we use computers.» Early Life and Education Prafulla's mother, Alka Dhariwal, proudly recounts his milestones. Prafulla, who was a standout student and head boy in Pune, maintained a balance between his academic and personal interests. His teachers and friends remember him as approachable, disciplined, and always willing to share his knowledge. Despite his exceptional intelligence and victories in quizzes and international Olympiads, he loved playing cricket and watching the night sky.

Joint Sword-2024A military exercise around Taiwan, US experts analysed that Beijing has an intent to make large-scale military drills around the island a regular move with the China Coast Guard (CCG) to play a more important role in a blockade, reported Focus Taiwan. Center for Strategic and International Studies (CSIS), a think tank in Washington, issued an article, where Bonny Lin, head of the CSIC's China Power Project, and fellow researcher Brian Hart analysed the two-day Joint Sword-2024A, which was launched on Thursday, three days after President Lai Ching-te was sworn in on Monday. Joint Sword-2024A was the third round of large-scale military exercises China has staged around Taiwan in recent years.

Cannes Film Festival 2024: Indian filmmaker Payal Kapadia made history on May 25, bagging hers and the country's first Grand Prix Award for the Malayalam-Hindi language film 'All We Imagine As Light', at the 77th Cannes Film Festival.The Cannes Grand Prix is the second-highest accolade at the festival after the Palme d'Or. American director Sean Baker took home the top-most honour for Anora.Also Read | Cannes 2024: Payal Kapadia becomes first Indian to clinch Grand Prix award for ‘All We Imagine as Light’Notably, according to a PTI report, Kapadia became the first female director in India and the first Indian film in 30 years to compete in the festival's main competition.

Tata Steel, LIC, IRCTC, Cummins India, Samvardhana Motherson International, Mazagon Dock Shipbuilders, Apollo Hospitals Enterprise, Bharat Dynamics, Aditya Birla Fashion and Retail, and National Aluminium Company, will be releasing their March quarter report cards this week. Here’s the list: May 27

Hamas representative Osama Hamdan has firmly rejected the notion of engaging in new negotiations with Israel, countering Israeli media reports suggesting a potential revival of talks for a Gaza truce, as reported by Al Jazeera. In a recent telephone interview with Al Jazeera Arabic, Hamdan emphasised that the priority lies in Israel's withdrawal from Gaza and the cessation of all hostilities. «We do not need new negotiations,» he asserted, underlining that Hamas had already acquiesced to a ceasefire proposal, which Israel had rebuffed.

Rohit Sharma, the first batch of Indian cricketers departed for the United States on Saturday for the T20 World Cup starting June 2. The squad includes pace spearhead Jasprit Bumrah, top-ranked T20I batter Suryakumar Yadav, head coach Rahul Dravid and batting coach Vikram Rathou.

Indian airports, calling it a “bottleneck" for passengers.In a post on X (formerly Twitter), Kapoor wrote, “Airport entry queues and ID/ticket checks - India is the only major country I am aware of that requires this. I wonder if there is a way forward that does not require this bottleneck."He further mentioned that DigiYatra, an application which helps facilitate a smooth and paperless air-travel experience, is only for tech-savvy air travellers.

Top Events on May 26: India is all set to witness various political, international, technological, and sports events on Sunday. Congress leaders Mallikarjun Kharge and Rahul Gandhi will address poll rallies in Odisha. South Korea, China, and Japan will hold their first trilateral summit today.

domestic destinations, half a dozen experts at travel companies told ET. Reasons: more visa-free destinations, lower average age of travellers, a rise in disposable incomes, and availability of spontaneous booking options. “We are observing a significant increase in last-minute bookings among Indian travellers,” said Bharatt Malik, senior vice-president, flights and hotel business, at travel platform Yatra Online. “This is largely driven by the growing availability of flexible payment options (such as no-cost EMI and book now, pay later), which make spontaneous travel more accessible.” At Yatra Online, three out of 10 bookings are made within just three days of travel, and half the bookings are made within a week, Malik said. While booking early allows travellers to secure good deals, younger travellers increasingly prefer to keep their plans flexible, which often gives a sense of excitement and adventure and also lets them take advantage of last-minute deals.

space debris has been spotted by a person on a private mountaintop in the west of North Carolina's Asheville, raising curiosity about whether it was part of Unidentified flying object (UFO) or there is extraterrestrial presence. However, space experts have revealed that the debris came from a recent SpaceX mission, as per a Fox Weather report. A crew of four was launched by SpaceX mission to the International Space Station. The device measures a minimum of three feet in width and exhibits distinct scorch marks, suggesting it endured significant heating during its fiery descent through Earth's atmosphere.

Kolkata airport have decided to suspend flight operations for 21 hours from Sunday noon in view of the possible impact of cyclone Remal, an official said here. The precautionary measure was taken after a meeting of the stakeholders of the Netaji Subhas Chandra Bose International (NSCBI) Airport here on Saturday.

Ravi Kota said that after tea and oil, Assam should be globally known for its precious wealth – agarwood.