International Financial News

Airtel, HDFC Bank, Macrotech Developers, Maruti Suzuki, Hindustan Zinc among others will be in focus due to various news developments. SpiceJet SpiceJet, which had regular flights to Nepal before the Covid pandemic, has received scheduled approval and slots from Kathmandu's Tribhuvan International Airport (TIA).

Subscribe to enjoy similar stories. The Lodha versus battle rekindled on Wednesday, with Abhishek Lodha-led Macrotech Developers Ltd accusing entities owned by younger brother Abhinandan of forging documents to gain access to the prized brand name. The company alleged that certain entities related to House of Abhinandan Lodha (HoABL) had forged a board resolution and the signature and identity documents of one of Macrotech's directors three years ago.

MRTV, which said the truce would run until April 22 and was aimed at showing compassion for people affected by Friday's quake. The announcement followed unilateral temporary ceasefires announced by armed resistance groups opposed to military rule. Those groups must refrain from attacking the state, or regrouping, or else the military will take «necessary» measures, the army's statement said. Earlier Wednesday, rescuers pulled two men alive from the ruins of a hotel in Myanmar's capital and a third from a guesthouse in another city, five days after the quake. But most teams were finding only bodies. The quake hit midday Friday, toppling thousands of buildings, collapsing bridges and buckling roads. The death toll rose to 3,003 on Wednesday, with more than 4,500 people injured, MRTV reported. Local reports suggest much higher figures. The earthquake came amid civil war in Myanmar, making a dire humanitarian crisis even worse. More than 3 million people had been displaced from their homes and nearly 20 million were in need even before it hit, according to the United Nations.

Enforcement Directorate (ED) has turned its focus on funding from the US Agency for International Development (USAID) amid an ongoing investigation tied to investor and philantropist George Soros, TOI has reported. This scrutiny comes as the Trump administration has time and again criticized USAID for allegedly promoting a «left, liberal and woke» agenda abroad. The ED is currently investigating three Bengaluru-based companies for purported violations of the Foreign Exchange Management Act, specifically regarding the receipt of Rs 25 crore from the Soros Economic Development Fund (SEDF). Among these companies, ASAR Social Impact Advisors has also been noted for receiving Rs 8 crore from USAID as foreign inward remittance during FY23. The central agency is particularly interested in understanding the motives and purposes behind the payments made by USAID. Notably, the Open Society Foundations was categorized under the 'prior reference category' by the home ministry in 2016 due to concerns over «undesirable activities.» This classification mandates that it must obtain prior approval from the ministry before contributing funds to any Indian non-profit organization.

Bengaluru’s water tariff is set to increase by one paisa per litre, Karnataka Deputy Chief Minister D K Shivakumar said on Wednesday. Defending the Congress government amid the BJP’s protests over rising costs, he accused the opposition party of being «anti-farmer» for opposing the milk price hike, which he said was meant to help farmers. The BJP launched a statewide 'day and night' protest on Wednesday, accusing the Congress government of burdening the public with price hikes. The party highlighted increased milk and diesel prices, higher power tariffs, and rising bus and metro fares as key concerns.

Poonam Gupta of NCAER was appointed as Reserve Bank of India's Deputy Governor, in place of Michael Patra. Poonam Gupta is a Lead Economist for India at the World Bank.

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Subscribe to enjoy similar stories. On 1 April, investors in Vadilal experienced a moment of sweet vindication as shares of the company surged more than 14% intraday, hitting a record high of ₹5,250. This was more than a mere spike in the small-cap stock—it was a resounding vote of confidence.

Prime Video has launched Apple TV+ as an add-on subscription in India, priced at ₹99 per month. Subscribers can enjoy a diverse range of content, including comedies such as Ted Lasso and Shrinking, dramas like Severance, The Morning Show, Slow Horses, and Disclaimer, as well as sci-fi titles such as Silo. Popular films, including Wolfs and The Gorge, are also available. This add-on subscription is now accessible via Prime Video in the US, Australia, New Zealand, Canada, and multiple regions across Europe and Latin America. “We're delighted to continue rolling out Apple TV+ on Prime Video with today’s launch in India, bringing Prime Video customers an even greater selection of TV shows and films, all within one app experience,” said Kelly Day, Vice President of International, Prime Video. Gaurav Bhasin, Head of Marketplace (Add-on Subscriptions and Movie Rentals), Prime Video India, added, “Over the years, we’ve established Prime Video India as a premier entertainment destination, offering a vast selection of premium programming, including Indian and international Originals, films, and series. Our service also features over 75,000 hours of additional content across genres from more than 25 Indian and international add-on subscription partners. We’re thrilled to welcome Apple TV+ to Prime Video’s extensive library. We’re confident Prime members in India will appreciate the easy access to Apple Originals with a simple add-on subscription, along with features such as streamlined content discovery, unified watchlists, and centralised billing.”

Energy Development Company Ltd.(up 4.53%), Adani Green Energy Ltd.(up 1.70%), Gujarat Industries Power Company Ltd.(up 1.39%), SJVN Ltd.(up 1.33%), Karma Energy Ltd.(up 1.20%), GE Vernova T&D India Ltd.(up 1.16%), KPI Green Energy Ltd.(up 1.11%), Reliance Power Ltd.(up 1.08%), Adani Power Ltd.(up 1.06%) and Ravindra Energy Ltd.(up 0.97%) were among the top gainers.

The State Department said it was green-lighting a sale that includes 20 F-16 jets and related equipment to the Philippines, a treaty-bound ally of the United States. The sale would «improve the security of a strategic partner that continues to be an important force for political stability, peace and economic progress in Southeast Asia,» a State Department statement said. It would also boost «the Philippine Air Force's ability to conduct maritime domain awareness» and «enhance its suppression of enemy air defenses,» the statement said. The news follows months of escalating confrontations between the Philippines and China in the South China Sea, which Beijing claims almost in its entirety despite an international ruling that its assertion has no merit.

National Security Adviser Michael Waltz is facing scrutiny after reports revealed he used his personal Gmail account for discussions involving sensitive military operations. This comes on the heels of another blunder, where Waltz mistakenly added a journalist to a Signal chat discussing a military strike in Yemen. According to The Washington Post, emails reviewed by the publication show Waltz and a senior aide exchanged information about military positions and advanced weapons systems via Gmail. While other officials on the email threads used government-issued accounts, Waltz reportedly continued to rely on his personal email for work-related communication. White House National Security Council (NSC) spokesperson Brian Hughes defended Waltz, stating, “He didn’t and wouldn’t send classified information on an open account.” However, he acknowledged that legacy contacts occasionally sent work-related information to Waltz’s Gmail.

TVS Motor Company Ltd.(up 2.88 per cent), Maruti Suzuki India Ltd.(up 1.72 per cent), Eicher Motors Ltd.(up 1.09 per cent), Bosch Ltd.(up 0.67 per cent) and Balkrishna Industries Ltd.(up 0.64 per cent) were among the top gainers.

The US State Department said in a statement that «today's action is a part of President Trump's maximum pressure campaign on the Iranian regime to disrupt efforts by the US-sanctioned Iran-based Qods Aviation Industries to procure equipment for Iran's military-industrial complex and UAV program.» «The United States will use all available means to expose and disrupt Iran's growing UAV and missile development programs and weapons proliferation, which destabilize the Middle East and beyond,» the statement added. Further, the State Department said that they will «continue to act» against the complex schemes Iran uses in third countries to conceal its acquisition and its transfers of sensitive technology. According to the US State Department, Iran uses this technology and the proceeds from arms sales to bolster its military industrial base to build missiles and UAVs, which are used against fellow countries, as well as exported to Russia, terrorist proxy groups around the Middle East, and to other actors of concern

Shriram Finance shares will be in focus on Wednesday after the Reserve Bank of India (RBI) approved the company’s 100% acquisition of Shriram Overseas Investments from Shriram Investments Holdings. Additionally, the central bank has cleared the appointment of Umesh Revankar, Executive Vice Chairman, and Parag Sharma, Managing Director & CFO, as Directors on the board of Shriram Overseas Investments, subject to compliance with specified conditions.

KEC International will be in focus on Wednesday after the company announced that it has secured new orders worth Rs 1,236 crore in both domestic and international markets. According to an exchange filing, the company’s Transmission & Distribution (T&D) business has secured new orders for projects in both India and the Middle East. These include transmission line and substation orders in the UAE and Kuwait, as well as a substation order from a private TBCB player in India.

Shri Ahimsa Naturals will debut on the NSE SME platform today. The GMP is currently at 16% over the issue price of Rs 119 apiece. The company offered 62 lakh shares to investors, which included a fresh equity sale of 42.03 lakh shares and an offer for sale (OFS) of 19.99 lakh shares. The issue was booked nearly 63 times as non-institutional investors piled on bids 182 times more than that are reserved for them.

Subscribe to enjoy similar stories. As US President Donald Trump sends shockwaves through global markets, one asset class that stands gleaming is gold. On Tuesday, its price reached a new record high of nearly $3,150 per ounce in the international market amid concerns over the global economy taking a big hit once Trump’s reciprocal tariffs come into force from 2 April in the US.

Subscribe to enjoy similar stories. Hindustan Unilever Ltd (HUL) has drafted in Rajneet Kohli, former chief executive officer (CEO) of Britannia Industries Ltd, as executive director, foods, a move that marks a sharp departure for the FMCG major which has mostly preferred elevating in-house talent to its leadership positions. Kohli, a veteran of the FMCG sector, worked with companies like Jubilant Foodworks, Coca-Cola and Asian Paints before joining Britannia as CEO.