International Financial News

National Commission for Women (NCW) will send an inquiry team to look into the alleged assault on the Aam Aadmi Party (AAP) and its Rajya Sabha MP Swati Maliwal, who has been the head of the Delhi Commission for Women (DCW).

wedding destination, the Abu Dhabi Convention and Exhibition Bureau (ADCEB) has announced an initiative to extend visa support to Indian nationals hosting weddings across the Emirate. The ADCEB, which is a part of the Department of Culture and Tourism Abu Dhabi, is undertaking this initiative to establish the UAE capital as a premier wedding destination, a statement released here said. The recently announced new visa initiative contributes to Abu Dhabi's tourism strategy 2030, which aims to boost visitor numbers to 39.3 million by 2030. The destination wedding segment is among the newest verticals to join the ADCEB as part of an overarching objective to attract domestic and international visitors and increase the sector's contribution to the GDP to AED 90 billion as per the 2030 strategy, the statement said.

BENGALURU : Reliance-backed electric vehicle maker Altigreen, unable to raise funds over the past year amid a surgical restructuring, is now chasing a metric that’s become the investors’ darling: profitability. That, however, might be a long and bumpy road. As part of a restructuring in December after the company failed to raise funds last year, Altigreen laid off about 200 employees and cut salaries by 30-40% to pare expenses, two people familiar with its operations told Mint, requesting anonymity.

post on X in Marathi, "Unsettled cloudy sky with possibility of light rain/thundershower in evening/night. Maximum and minimum temperatures will be around 35°C and 28°C respectively." Earlier in the day, Mumbai's weather department predicted thunderstorms, hail and gusty winds (50-60 kph) and heavy rain in some districts of Maharashtra on Monday.

The commercial real estate market in India is projected to reach USD 106.05 billion by 2029 from USD 40 billion in 2024, with a compound annual growth rate (CAGR) of 21.10% during the forecast period (2024- 2029), according to a report by Mordor Intelligence.

Overseas education is an enriching, life-changing experience for a student. It’s an opportunity to think outside the box and explore beyond. Undoubtedly, studying abroad opens the door to a global network and enhances a person’s career chances. What remains the question here? Is it possible for a middle-class scholar to achieve and live this dream?

New Delhi: Consumer electronics and appliances maker Veira on Monday said it will invest Rs 450 crore to set up a new manufacturing unit at Greater Noida to enhance capacity for air coolers and washing machines. This investment will result in increasing existing production capacity from 1 lakh to 5 lakh units of washing machines and air coolers annually, Veira said in a statement.

International Monetary Fund warned the Maldives against looming «debt distress» Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China.

trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling.

rain in Bengaluru disrupted operations at the airport and led to the diversion of nine flights to Chennai on Sunday, May 12, as per a Moneycontrol report. Bengaluru International Airport (BIAL), the operator of Kempegowda International Airport, attributed the diversions to heavy rainfall and lightning in the area.

Cotton Association of India (CAI) on Saturday estimated cotton exports to rise about 27 per cent to 28 lakh bales during 2023-24 crop year ending September. In 2022-23 crop season (October-September), cotton exports were at 22 lakh bales, CAI said. One bale is equal to 170 kilogram.

IIHL BFSI (India) has sought the banking regulator's approval to pledge 100% shares of Anil Ambani-promoted Reliance Capital, the company it acquired in a bankruptcy resolution, to raise ₹8,000 crore, people with knowledge of the matter told ET. IndusInd International Holdings (IIHL), a holding company of IIHL BFSI (India), received the NCLT nod to buy the financial services firm for ₹9,661 crore.

How RBI is upping the scrutiny on credit cardsIncreased regulation in the Indian fintech sector will significantly benefit the industry by driving away bad actors and enhancing the competitive advantage of those who abide by the rules, said Nigel Morris, managing partner, QED Investors. In an exclusive interview to ET, he said that the recent clampdown by India’s central bank on various segments of new-age financial services was a move in the right direction and that it did not deter investors with vast operating experience such as his firm from betting on Indian fintechs.

seasonal rains in Afghanistan have left over 300 people dead and thousands of houses destroyed, most of them in the northern province of Baghlan, which bore the brunt of the deluges Friday, the United Nations food agency estimated. Among at least 240 people dead are 51 children, according to UNICEF, one of several global aid groups that are sending relief teams, medicines, blankets and other supplies. The World Health Organization said it delivered 7 tons of medicines and emergency kits.

Israeli assault on the southern Gaza city of Rafah «cannot take place», the UN human rights chief insisted Sunday, saying it could not be reconciled with international law. All eyes have been on Rafah in recent weeks, where the population had swelled to around 1.5 million after hundreds of thousands of Palestinians fled fighting in other areas of the Gaza Strip.

high growth though geopolitical uncertainties and tepid consumption remain a concern, say economists. CII's business confidence index touched a 12-quarter high in Q4FY24, with 51% of firms expecting capacity utilisation of 75% and above. Moreover, 71% expect an improvement in private capex in the first half of FY25 compared with the second half of FY24. Private investment proposals sanctioned by banks rose by nearly Rs 1 lakh crore to Rs 3 lakh crore in the last year alone, according to India Ratings and Research (Ind-Ra).

Union home ministry has directed all central paramilitary and allied forces to replicate a 'beehives on border fence' beekeeping model initiated by a BSF unit in West Bengal to boost employment opportunities for the locals and create a goodwill with them for strengthening security. Official sources told PTI that the decision was made during a meeting on «scientific beekeeping and honey mission» that was chaired by Union Home Secretary Ajay Bhalla at his office at North Block here in April. The model devised and implemented by the 32nd battalion of the Border Security Force (BSF) deployed to guard the India-Bangladesh international border in West Bengal's Nadia district was «lauded» during the meeting and a direction was issued to all the central armed police forces (CAPFs) to adopt it in their respective areas of responsibility, a senior CAPF officer said. The other border guarding forces, such as the Sashastra Seema Bal (Nepal and Bhutan borders) and the Indo Tibetan Border Police (China LAC), CAPFs like the Central Reserve Police Force (CRPF) and Central Industrial Security Force (CISF) and other forces like Assam Rifles, the National Security Guard (NSG) and the National Disaster Response Force (NDRF) do not have fences to guard but the model can be utilised by them as per their nature of duties, the officer said.

Bomb threat sent Delhi police into a tizzy on May 12, the second time in a matter of weeks after the school bomb hoax. The Indira Gandhi International Airport and two hospitals in the capital city got bomb threats via email on Sunday, which led to frenzied searches at the locations. The two hospitals are Burari Government Hospital and Sanjay Gandhi Hospital in Mangolpuri. Responding to the incidents, the Delhi Police quickly launched an investigation. Delhi fire service said that Indira Gandhi International Airport also received a bomb threat email.

India informed the United Nations Forum on Forests (UNFF) that it has made significant advancements in forest conservation and management, leading to a consistent increase in forest cover over the past 15 years. The country participated in the 19th Session of the UNFF held at the UN headquarters in New York from May 6 to 10. Globally, India ranks third in the net gain in average annual forest area between 2010 and 2020. During the session, India said it gives high priority to biodiversity and wildlife conservation, having expanded the network of protected areas to over a thousand wildlife sanctuaries, national parks, tiger reserves, biosphere reserves, and other wildlife habitats.

Apple's top software executives decided early last year that Siri, the company's virtual assistant, needed a brain transplant. The decision came after executives Craig Federighi and John Giannandrea spent weeks testing OpenAI's new chatbot, ChatGPT. The product's use of generative artificial intelligence, which can write poetry, create computer code and answer complex questions, made Siri look antiquated, said two people familiar with the company's work, who didn't have permission to speak publicly.

as we have fewer commitments now," says Radha.  Kumar, who is based in Bengaluru, says he and his wife have already visited 31 countries across five continents, while South America and Antartica are still in their bucket list. The couple just got back home last month from a trip to Uzbekistan in Central Asia “We travel 4-5 times every year and include multiple international destinations in our travel itinerary," he adds. Kumar says he was able to retire early, at the age of 54, after his financial planner analysed his retirement portfolio and signalled the go-ahead.