International Financial News

export ban on onions 10 days ago, export demand has dried up as Indian onion is more expensive than Pakistan's. Besides, subdued exports dampened domestic onion prices by over 15 % in the last week. Exporters don't see demand coming for another 15 days as overseas buyers, who have stocked overpriced Pakistani onions when Indian onion was not available. They want to liquidate their stocks as India's entry has crashed the international onion prices by more than 50% in a week. «Most of the buyers from our traditional markets like Malaysia, Sri Lanka, UK and the UAE had stocked onions from Pakistan. They had not expected the Indian government to lift the export ban till the general elections were over,» said an exporter of onions from Nashik, who claims that the export orders, after spiking for a couple of days, have suddenly dried up. India's lifting of its export ban in May took the international markets by surprise. India has kept a minimum export price (MEP) of $550 per tonne with export duty of 40%.

Modi Enterprises plans to take cosmetics firm Colorbar public within three years, betting on robust prospects of the Indian beauty and personal care market. Speaking to ET, managing director Samir K Modi said Colorbar will touch Rs 1,000-crore revenue next fiscal and expand in international markets. The company currently owns and operates Colorbar, 24Seven, and Modicare brands.

European carmaker Stellantis says it will begin selling electric vehicles from its Chinese partner Leapmotor in nine European countries later this year

Most countries in the European Union are making efforts to “de-risk” their economies from perceived threats posed by China

More than 300 Syrians refugees are heading back home from northeastern Lebanon to an uncertain future in Syria as anti-refugee sentiment is surging in crisis-hit Lebanon

American sectors. “Indian sector got less affected as the main hit of the storm happened in the early morning of 11th May, when ionosphere has not developed fully. Also, being at lower latitudes, widespread outages haven't been reported in India.

Vladimir Vladimirovich Putin will pay a state visit to China from May 16 to 17," Shina Foreign Ministry Spokesperson Hua Chunying announced on Tuesday. According to reports, Russia also confirmed the trip and said Putin was going on Xi's invitation. The Kremlin was quoted by PTI as saying that this will be Putin's first foreign trip since he was sworn in as president and began his fifth term in office.

Indian Express report, Chennai Super Kings coach Stephen Fleming might succeed Rahul Dravid as the coach of the Indian cricket team. Stephan Fleming, the former New Zealand captain, has held CSK's coach position since 2009, and the franchise won five IPL trophies under his guidance. The Indian Express mentioned some highly placed sources claiming that Stephan Fleming was seen as a suitable candidate after Rahul Dravid's contract ended.

The International Monetary Fund, Argentina’s biggest creditor, has agreed to release the next tranche of loans due under a bailout program

BlockDAG is making headlines around the globe, transforming iconic landmarks into dazzling displays of its revolutionary blockchain technology. From the vibrant lights of London’s Piccadilly Circus to the bustling streets of Tokyo and the entertainment capital, Las Vegas, BlockDAG is on display and captivating an international audience.

Family offices are facing substantial and multiple risks but frequently lack the resources to effectively manage them, a new report warns.

H.E. Dr. Noura Khamis Al Ghaithi, Undersecretary of the Department of Health – Abu Dhabi

go to the United Kingdomthis year, the Migration Advisory Committee (MAC) recommended the continuation of the graduate route work visa, also known as PSW or post-study work visa, to continue in its current form. This visa enables international students to work for two years in the UK after graduating from a British university. For the unversed, the committee was entrusted with the task by Home Secretary James Cleverly to review the graduate route visa and submit the report on May 14.

The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged for this year and next, while reporting a fall in crude output as the market awaits the cartel’s next production policy move at its upcoming meeting in June. The Vienna-based group said in its monthly report that it continues to forecast oil demand to grow by 2.2 million barrels a day this year and by 1.8 million barrels a day in 2025, unchanged from its previous estimates. The cartel’s latest report comes as oil prices trade rangebound after dropping to mid-March levels earlier this month.

Royal Bank of Canada has adopted a global structure for its investment-banking business and tapped Matthew Stopnik to head up the division.

Swedish financial technology company Klarna said Tuesday that nearly 9 out of 10 employees in its 5,000-strong workforce are now using generative artificial intelligence tools in their daily work.

US government and establishing a dictatorship inspired by Nazi Germany. The announcement was made by a US attorney following Kandula’s admission in a US court. Also Read | From talking to AI to helping people with disabilities: Top 5 use cases of OpenAI's new GPT-4o language model Residing in St.

₹130 crore in the fourth quarter of FY24, down from ₹333 crore reported in the year-ago period. The company has posted a net profit of ₹13 crore in Q3FY24. PVR Inox’s revenue from operations in Q4FY24 rose 10% to ₹1,256 crore from ₹1,143 crore, YoY.

Devyani International, the largest Indian franchise for Pizza Hut and KFC, today reported a net loss of Rs 49 crore for the quarter ended March 31, 2024, as against a profit of nearly Rs 60 crore for the same period last year. The firm reported an increase in revenue from operations by 38% year-on-year (YoY) to Rs 1061.7 crore. The total expenses of the company also increased by 32% YoY to Rs 550.6 crore which stood at Rs 374 crore in the fourth quarter of FY23.

₹49 crore for the March quarter of the last financial year (Q4FY24). The company reported a one-time loss of ₹42.3 crore. The company had reported a profit of ₹60 crore in the same quarter last year, while in the December quarter of FY24, the company's profit was ₹5 crore.

BCCI secretary Jay Shah had clarified a few days ago that Rahul Dravid will have to apply for the post like any other application if he wants to continue coaching the Men in Blue. While there have been reports suggesting that Dravid may not be interested in another stint as head coach, a new name has just emerged in the race to take charge of India.