International Financial News

AFP, the event, sparked by a series of coronal mass ejections (CMEs) – eruptions of plasma and magnetic fields from the Sun – began around 1600 GMT, as reported by the National Oceanic and Atmospheric Administration (NOAA)'s Space Weather Prediction Center. This phenomenon captivated skywatchers and posed potential risks to satellite systems and power grids, with concerns about disruptions lingering into the weekend.

US IPO activity. Since then, listings on New York exchanges by China-based companies have been small and rare. Zeekr’s valuation suffered in the aftermath, too.

₹72,722 per 10 grams. The yellow metal opened at ₹71,730 level and gained over ₹1,000 during the day to hit a high of ₹72,888 led by strong demand on account of Akshaya Tritiya. MCX silver price closed 0.09% higher at ₹84,984 per kg after opening at ₹84,761 and hitting a high of ₹85,812 during the day.

solar storm in more than two decades struck Earth on Friday, triggering spectacular celestial light shows in skies from Tasmania to Britain — and threatening possible disruptions to satellites and power grids as it persists into the weekend. The first of several coronal mass ejections (CMEs) — expulsions of plasma and magnetic fields from the Sun — came just after 1600 GMT, according to the National Oceanic and Atmospheric Administration (NOAA)'s Space Weather Prediction Center. It was later upgraded to an «extreme» geomagnetic storm — the first since the so-called "Halloween Storms" of October 2003 caused blackouts in Sweden and damaged power infrastructure in South Africa. More CMEs are expected to pummel the planet in the coming days.

Biden administration on Friday said Israel's use of U.S.-supplied weapons may have violated international humanitarian law during its military operation in Gaza, in its strongest criticism to date of Israel. But the administration stopped short of a definitive assessment, saying that due to the chaos of the war in Gaza it could not verify specific instances where use of those weapons might have been involved in alleged breaches. The assessment came in a 46-page unclassified State Department report to Congress required under a new National Security Memorandum (NSM) that President Joe Biden issued in early February.

Air Vanuatu has filed for bankruptcy protection a day after it cancelled all international flights, stranding thousands of travelers

A top Baidu public relations executive has reportedly departed the Chinese technology company after she drew public outcry over comments that were seen as glorifying a culture of overwork

California is partnering with five companies to develop generative AI tools to help the state deliver public services

New York’s legal cannabis market has been hampered by inexperienced leaders who treated the state licensing agency like a “mission-driven” startup rather than a government office, according to an internal review

Netflix has announced the renewal of the Australian coming-of-age comedy-drama 'Heartbreak High' for its third and final season. The show, a reboot of the 1994 series, has garnered a loyal following since its release, with its last season leaving viewers on a dramatic cliffhanger. Renewal

FIFA is facing renewed pushback over its expanded Club World Cup just over a year before the tournament is due to be staged in the United States. World players' union FIFPRO and the World Leagues Association want the event to be rescheduled and the international match calendar reformed over concerns about players' welfare and their «fundamental rights.» It comes after a report by the union last year said 43% of World Cup players surveyed had experienced «extreme or increased mental fatigue.»

Simons Foundation chair Marilyn Simons, he gave billions of dollars to hundreds of philanthropic causes, particularly those supporting math and science research and education. In 1994, they established the Simons Foundation, which supports scientists and organizations worldwide in advancing the frontiers of research in mathematics and the basic sciences," the foundation said in a press release.

Vivo X Fold 3 Pro is scheduled to launch in India in early June. If this information proves accurate, it would mark the first time a Vivo foldable phone has been made available in global markets. Unlike its predecessors, such as the Vivo Fold 2 and Fold+, which were limited to China, the Vivo X Fold 3 Pro will now compete with other foldable offerings in India, including Samsung's Galaxy Z Fold 5, OnePlus Open, and Tecno Phantom V Fold.

Air India Express cancelled 120 flights and operated 246 flights, an official aware of the development said. He added that Vistara operated two flights and parent company Air India operated 20 flights for Air India Express, in order to support the network. On 9 May, the airline cancelled 85 flights and operated around 283 flights.

world will witness a «very, very stormy» churn because of conflicts, power shifts and sharpening competition in this decade, which makes it all the more important for India to have a stable and mature leadership, External Affairs Minister S Jaishankar said. In an exclusive interview to PTI late Thursday, Jaishankar painted a picture of the world radically different from the one we are living in now by the end of 2020s when asked to draw on his nearly 50 years of experience in diplomacy and politics to give an assessment of the global power balance. «Multiple conflicts, tensions, divides! With all these variables that I am putting to you, I am painting to you, actually, a very, very stormy international scene for the balance of the decade,» said Jaishankar, a former ambassador to China and the United States, who was tapped for the political role by Prime Minister Narendra Modi in 2019. Jaishankar especially referred to the declining influence of the United States, the conflict in Ukraine, the fighting in Gaza, attacks in the Red Sea, tensions in the South China Sea, the challenge of terrorism in different geographies and advent of new technologies as the drivers of the «churn».

₹554 crore, while Premji Invest, and its associates, will pick up the remaining 19.26% equity for another ₹132 crore. According to a company statement, the transaction is subject to approvals from the Competition Commission of India, and the Reserve Bank of India. JM Financial acted as the financial advisor to Home Credit India Finance, while Khaitan & Co.

Mint, project a robust growth trajectory for the full year. Forecasts indicate a potential 15% revenue surge, breaching the $45 billion mark in FY25, compared to $39 billion in the previous fiscal year. Interestingly, this bullish outlook is despite the market volumes, which is expected to remain flat compared to 2023 levels, with projections hovering at 151-155 million units.

EXIM Bank finances and facilitates India's international trade. Fitch Ratings said it has affirmed the bank's Long-Term IDR at 'BBB-' and its Government Support Rating (GSR) at 'bbb-'.

₹1,000 crore. The three malls will be acquired from Larsen and Toubro (L&T), a person aware of the development told Mint. Dalip Sehgal, executive director and chief executive at Nexus Select Trust, said in an interview Friday, “It is difficult to name [the malls] since the permissions have not [yet] come in.

small cap allocations so that the portfolio is not highly lopsided towards a particular market capitalization and again is an all-season portfolio. Also, including a fair proportion of all market caps gives a flavour of stable growth to the portfolio. Large caps are more steady and less volatile whereas mid and small caps can give aggressive returns with more volatility.

JSW Energy Ltd.(up 7.41%), Indo Tech Transformers Ltd.(up 5.00%), NTPC Ltd.(up 2.74%), Power Grid Corporation of India Ltd.(up 2.57%), Inox Wind Energy Ltd.(up 2.49%), Transformers & Rectifiers(India)Ltd.(up 2.40%), NLC India Ltd.(up 2.12%), Gujarat Industries Power Company Ltd.(up 2.04%), Jaiprakash Power Ventures Ltd.(up 1.97%) and Jyoti Structures Ltd.(up 1.89%) stood among the top gainers.