International Financial News

Ghatkopar hoarding collapse: Bhavesh Bhide arrested by Mumbai Police At least eight teams of the Mumbai police were sent to various places to track him down. The Mumbai Police worked round the clock and deployed eight teams to track Bhinde. The authorities tracked him in Lonavala, Thane, and Ahmedabad before finally apprehending him in Udaipur.

Hindustan Times' R Sukumar and Shishir Gupta, Jaishankar emphasised the Modi government’s leadership in navigating complex international scenarios and underscored India’s clear and confident positions on global issues, with a specific focus on China. Addressing the situation with China, Jaishankar explained that both nations remain forward deployed along the Line of Actual Control (LAC), with increased troops and weaponry since 2020. He attributed the escalation to China’s initial actions, which India responded to in kind.

NEW DELHI : Logistics and supply chain management company Transport Corporation of India (TCI) plans to acquire two cargo ships worth $35-40 million in the current fiscal to bolster its seaways business. TCI is exploring options from shipbuilding operations in China, Japan, and Korea, expecting to finalize a deal in the second half of the fiscal year. “We placed orders for two ships in the last financial year but unfortunately shipyard in Japan cancelled it at the last minute.

dual-use materials and weapons components to Russia, Beijing has no interest in dropping its backing for President Vladimir Putin, analysts say. While China does not want to upend its ties with the West, and insists it is not sending lethal weapons to Moscow, Washington has stressed that Russia would struggle to sustain its assault on Ukraine without Beijing. On Thursday, Putin arrived in China on a two-day visit as Moscow is seeking more support from President Xi Jinping for the war effort in Ukraine following multiple rounds of Western sanctions.

South Korean police have arrested 34 people in a raid on a suspected crypto-powered drugs smuggling ring, officers announced on May 16.

NTPC Green Energy to bid for National Investment and Infrastructure Fund-owned Ayana Renewable Power, according to people aware of the matter. They said ONGC and NTPC Green Energy may explore a joint offer or the former could bid solo. Ayana’s enterprise value has been pegged at about $2 billion. JSW Neo Energy, Sekura Energy, Masdar, Macquarie and Sembcorp have submitted non-binding offers to acquire a controlling stake in the Bengaluru-headquartered renewable energy company, ET had first reported on May 4. NIIF will draw up a shortlist of bidders over the next few weeks after which they will be allowed to conduct detailed due diligence on the company and submit binding offers, ET had reported. ONGC formed a new company in February to house its green energy investments. ONGC Green will invest in wind and solar power plants as well as green hydrogen and green ammonia. NTPC Green, which was carved out of listed NTPC two years ago, has announced plans for an initial public offering (IPO).

₹12,000 crore in the EV business over the next three years, it has also marked out a larger capex of ₹14,000 crore for its conventional IC-engine business. The latter will see six brand new SUVs and three model refreshes by 2030, the company said on Thursday while announcing its Q4 results for FY24. The ₹26,000-crore capex push follows the company's strong show in its core automotive business, with standalone net profit for the auto and farm business rising 32% to ₹2,038 crore for the quarter ended March, compared to the same period a year ago.

discussed measures to “deepen" their strategic cooperation and partnership. A lot happened on the first day of Putin's visit to China. Here's all you need to know: Xi Jinping welcomed Putin, saying, “Dear President Putin, my old friend, we welcome your participation in the Third Belt and Road Forum for International Cooperation." Later, the two leaders held a key meeting on Thursday.

Finland’s national carrier Finnair is resuming flights to Estonia’s second largest city in June after two of its planes were prevented from landing in Tartu last month because of GPS disruptions

₹8,500 crore of capital through either the equity or the debt route even as the metals and mining major declared its interim dividend for the year that will make a dent of ₹4,089 crore in its coffers. Vedanta will issue a dividend of ₹11 per share and has set 25 May as the record date. The company also announced the investment of an undisclosed sum in its Saudi Arabian unit Vedanta Copper International VCI Co.

Investment advisory firm Gratus Capital is offering a more diverse range of investment opportunities to its high-net-worth clientele through a new partnership.

. “India, I think, is moving forward quickly and therefore I think has a very good chance with our brand to grow faster than China," he said. Drew said more Western companies will eventually invest in India, with the country benefitting from the West's ‘China plus one’ strategy, referring to plans to avoid investing only in China and diversify businesses into other countries. “I would also like to think that it is due to the democracy (in India) and also the availability of not only cheap but educated labour," he said in an interview.

Congress leader Priyanka Gandhi has voiced her support for AAP MP Swati Maliwal, who was allegedly assaulted by a former aide of Arvind Kejriwal. Gandhi refrained from directly commenting on the case, stating that it is an internal matter of the AAP. «If any atrocity happens to any woman anywhere, we stand with the woman. I always stand with women — irrespective of which party they belong to. Secondly, AAP will discuss amid themselves and make a decision. It is up to them,» Priyanka said when asked about the alleged assault which has put not just the AAP but also other parties of opposition's INDIA bloc on the backfoot. Opposition parties, including the BJP, have avoided directly addressing the assault case. The BJP has demanded action against Bibhav Kumar, the former PA to Arvind Kejriwal, who is accused of misbehaving with Swati Maliwal. Maliwal, known for her activism against injustice towards women, has chosen to remain silent on the issue.

Measuring a country’s growth can be contentious.

ad-supported tier comes amid fierce competition in the streaming industry, with companies increasingly offering bundles to retain subscribers. Since its launch in November 2022, Netflix's ad-supported plan has garnered significant traction, with 40 percent of all sign-ups originating from these plans in eligible countries.

Venue : Rajiv Gandhi International Stadium, Hyderabad Sunrisers Hyderabad squad - Abdul Samad, Anmolpreet Singh, Mayank Agarwal, Rahul Tripathi, Travis Head, Abhishek Sharma, Aiden Markram, Glenn Phillips, Marco Jansen, Nitish Kumar Reddy, Sanvir Singh, Shahbaz Ahmed, Washington Sundar, Heinrich Klaasen, Upendra Yadav, Akash Singh, Bhuvneshwar Kumar, Fazalhaq Farooqi, Jaydev Unadkat, Jhatavedh Subramanyan, Mayank Markande, Pat Cummins, T Natarajan, Umran Malik, Vijayakanth Viyaskanth Gujarat Titans squad - Abhinav Manohar, David Miller, Kane Williamson, Sai Sudharsan, Shubman Gill, Azmatullah Omarzai, Rahul Tewatia, Shahrukh Khan, Vijay Shankar, BR Sharath, Matthew Wade, Wriddhiman Saha, Darshan Nalkande, Gurnoor Brar, Jayant Yadav, Joshua Little, Kartik Tyagi, Manav Suthar, Mohit Sharma, Noor Ahmad, Rashid Khan, Sai Kishore, Sandeep Warrier, Spencer Johnson, Umesh Yadav Sunrisers Hyderabad vs Gujarat Titans Match Details Match 66 of Indian Premier League, 2024 between Sunrisers Hyderabad and Gujarat Titans to be held at Rajiv Gandhi International Stadium, Hyderabad at 07:30 PM. Stay tuned for live updates.

Kartik Gupta, chief financial officer (CFO) of ride-hailing major Ola Cabs, has exited the firm, just over two weeks after chief executive Hemant Bakshi stepped down. His exit is part of an ongoing restructuring at Ola Mobility, a company spokesperson told ET. “The restructuring will allow Ola to strengthen cost structures, focus on growth and increase its bottom line,” the person said.

Emergency’ is in no hurry to hit the theatres any time soon! The release date of Kangana Ranaut’s upcoming political drama has been postponed. The new release date has not been shared yet. On Tuesday, the makers announced that the date of ‘Emergency’ has been postponed due to her political commitments. “Our hearts are filled with love pouring in for our queen Kangana Ranaut." The note further read, «As she prioritises her duty to the nation and her commitment to serve the country, the release date of our much awaited film 'Emergency' has been postponed. We promise to update you soon with a new release date. Thank you for your continued support. #EmergencyComingSoon (sic).»

UBS Group AG’s new head of asset management reshuffled the unit’s leadership, the latest overhaul at the bank as it integrates Credit Suisse. 

In a stock exchange notice today (16 May), the £2.2bn trust committed to invest a portion of its future cash flows from distributions on its own shares when these are trading at a significant discount to NAV, with effect from 1 June. Allocation to buybacks will be based on the adjusted net portfolio cashflow (ANPC), which is defined as portfolio distributions less investment calls and ongoing charges, as well as near term cash outflows, including debt principal repayments due in the next six months.  The ANPC will be assessed at the end of each of PIP's financial quarters and will be ...

Inox Wind Ltd.(up 9.11%), RattanIndia Power Ltd.(up 5.00%), GE T&D India Ltd.(up 5.00%), Inox Wind Energy Ltd.(up 4.97%), Hitachi Energy India Ltd.(up 4.59%), GE Power India Ltd.(up 3.55%), Indowind Energy Ltd.(up 3.24%), KEC International Ltd.(up 2.48%), PTC India Ltd.(up 2.05%) and Power and Instrumentation(Gujarat)Ltd.(up 1.96%) stood among the top gainers.