International Financial News
08.05 / 16:09
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L&T Q4 net improves 6% even as margins narrow
₹4,396 crore, against Bloomberg analysts' estimates of ₹4275 crore. Revenue for the quarter grew 15% to ₹67,079 crore. Earnings before interest, tax, depreciation and amortization (Ebitda) was 6% higher at ₹7,234 crore.
08.05 / 16:09
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Flipkart Big Saving Days Sale ends tomorrow: Deals on mobiles you shouldn't miss - iPhone 15, Nothing Phone (2a), more
realme P1 Pro 5G is priced at ₹21999 for the 8GB RAM and 128GB ROM variant. This smartphone comes with a 17.02 cm (6.7 inch) Full HD+ display ensuring a vivid viewing experience. For photography, it features a dual-camera setup on the back, with a 50MP main sensor and an 8MP secondary sensor, while the 16MP front-facing camera is good for selfies and video calls.
08.05 / 16:09
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Air India Express cuts daily flights as mass sick leave hits operations
NEW DELHI : Air India Express will reduce its flight network by 20% over the next few days to stabilize operations after a section of cabin crew went on mass sick leave, causing significant disruptions. The mass leave is believed to be a result of grievances related to the ongoing merger with AIX Connect, formerly AirAsia India. “If there are concerns that need to be addressed, the company leadership is available for any discussions.
08.05 / 14:15
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International
Does a high CIBIL score guarantee loan approval? MintGenie answers
CIBIL score shows that you have a good credit history and are likely to repay your loans on time, banks also consider other factors such as your income, current loan obligations, and the specific loan product you are applying for. If you meet the bank’s criteria in these areas, having a high CIBIL score can improve your chances of loan approval. It’s significant to note that loan approval decisions depend on the bank’s internal policies and risk assessment processes.
08.05 / 13:33
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To survive in China, global automakers tap local tech giants
Toyota, Hyundai, Mercedes-Benz and a host of other global automakers are increasingly turning to Chinese tech giants in a bid to claw back market share in one of the world’s largest—and fastest-changing—auto markets. In recent days, South Korea’s Hyundai Motor and Kia have unveiled plans to work with Chinese internet giant Baidu on mapping and artificial-intelligence technologies for auto-driving and vehicle software systems in China, while Nissan Motor said it would partner with Baidu on AI and Toyota has tapped gaming giant Tencent for help on AI models, cloud services and big data.
08.05 / 13:33
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Sunrisers Hyderabad vs Lucknow Super Giants Live Score: Lucknow Super Giants won the toss and elected to bat
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 Lucknow Super Giants squad - Ayush Badoni, Devdutt Padikkal, Arshin Kulkarni, Ashton Turner, Deepak Hooda, Krishnappa Gowtham, Krunal Pandya, Kyle Mayers, Marcus Stoinis, Prerak Mankad, Yudhvir Singh, KL Rahul, Nicholas Pooran, Quinton de Kock, Amit Mishra, Arshad Khan, M. Siddharth, Matt Henry, Mayank Yadav, Mohsin Khan, Naveen-ul-Haq, Ravi Bishnoi, Shamar Joseph, Yash Thakur Sunrisers Hyderabad vs Lucknow Super Giants Live Score: Lucknow Super Giants won the toss and elected to bat Sunrisers Hyderabad vs Lucknow Super Giants Match Details Match 57 of Indian Premier League, 2024 between Sunrisers Hyderabad and Lucknow Super Giants to be held at Rajiv Gandhi International Stadium, Hyderabad at 07:30 PM.
08.05 / 13:33
UPS
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Sporting
My mother works out more than I do: Milind Soman
Milind Soman ran his first full marathon (42km) in 2008 when he was 43. Since then, the supermodel-actor and fitness enthusiast has finished a number of marathons on terrains as diverse as deserts, hills and snow, both in India and internationally. He is also by far the name most closely associated with running and marathons in the country today.
08.05 / 12:45
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International
Suspect in killing of temple leader Hardeep Singh Nijjar got student visa in days
gunning down B.C. Sikh temple leader Hardeep Singh Nijjar entered Canada using a study permit that he said took only days to obtain.In a video posted online in 2019, Karan Brar said he applied for a student visa through EthicWorks Immigration Services in Bathinda, in India’s Punjab state.“And in a few days I received my study visa,” he said.EthicWorks posted the promotional video on its Facebook page, along with a photo of Brar, whom the company said was from the city of Kotkapura, north of Bathinda.“Congratulations Karan Brar for Canada study visa,” the caption below the video read.
08.05 / 12:21
markets
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Julius Baer International makes Pictet hire to boost markets advisory offering
Working closely with the markets team in Zurich, Lupi will identify a strategy to build and broaden the firm's markets offering, ranging from derivatives and securities to foreign exchange and structured products. Lupi joins the firm from Pictet's London office, where he was in charge of global market trading. He joined the Swiss firm in 2011 as a senior managing director, based in Singapore. Jefferies reiterates 'Buy' rating for Julius Baer on rebound potential «I am thrilled to join Julius Baer International in this new role as the company continues to sharpen the personalised o...
08.05 / 11:55
Aviat
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International
Air India's basic culture is bad, should be shut down: Ghulam Nabi Azad
Democratic Progressive Azad Party chief and former Union Minister during the UPA govt, Ghulam Nabi Azad today heavily criticised Air India for flight cancellations and went on to say that it should be shut as its 'basic culture is bad". Azad said this after his Delhi-Srinagar Air India Express flight got cancelled. «I was supposed to leave in the morning. But I am now leaving on an IndiGo flight after sitting here for 3-4 hours...If the flights were cancelled, they should have informed us in the morning itself. Why did they fool everyone?...Air India should be shut...Air India's basic culture is bad, nothing will become of it,» Azad was quoted as saying by ANI.
08.05 / 11:11
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‘Why did they fool everyone?’: Ghulam Nabi Azad as Air India cancels over 80 flights citing mass ‘sick leave’
Air India Express cancelled the its international and domestic flights after its senior crew member went on mass “sick leave", alleging “mismanagement" at the airline. “A section of our cabin crew has reported sick at the last minute, starting last night, resulting in flight delays and cancellations," Air India Express said in a statement.
08.05 / 11:11
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India F24 GDP growth likely hit 8%, to grow 7% in FY25: CEA Nageswaran
NEW DELHI : India's economy likely expanded at 8% through fiscal year 2024 (FY24), and growth in the current year is projected at 7%, V Anantha Nageswaran, chief economic adviser to the government, said on Wednesday. Speaking at an event organized by think tank National Council of Applied Economic Research (NCAER), Nageswaran said that for the Indian economy to register 7% or higher growth for the fourth consecutive year in FY25, “a lot would depend on the monsoons." "Right now, the expectations are that we will have an above-normal monsoon. But, spatial and temporal distribution (of rainfall) will matter," he said.
08.05 / 10:09
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British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
British neobank Monzo said Wednesday that it's raised another $190 million, lifting the total it's raised so far this year to $610 million.
08.05 / 09:53
Citi
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acquires
Birla Fertility acquires ARMC IVF; to spend ₹500 crore on further expansion
NEW DELHI : Birla Fertility & IVF, part of the $2.9 billion CK Birla Group, on Wednesday announced the acquisition of an 86% stake in ARMC IVF, a Kerala-based chain of fertility centres, for an undisclosed amount. Industry sources estimate the deal value to be below ₹100 crore. The transaction was financed through internal accruals.
08.05 / 09:13
Death
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International
Bastar: The Naxal Story OTT Release: Check how to watch Adah Sharma’s movie online
₹15 crore, the political thriller couldearn ₹3.75 crore worldwide. However, the movie will now be on OTT for viewers who want to watch it online. Bastar: The Naxal Story comes from the “brave story tellers of The Kerala Story," according to the official poster for the movie.
08.05 / 09:05
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Monero P2P Trading Platform LocalMonero Closes, Citing ‘Internal and External’ Factors
LocalMonero, a peer-to-peer trading platform for the privacy-focused cryptocurrency Monero, has decided to shut down its services with immediate effect .
08.05 / 08:01
Cooper
CEO
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International
Destinations
Gulf's version of the Schengen visa to be called 'GCC Grand Tours', open up access to six countries
Gulf Cooperation Council (GCC) has announced a new unified tourist visa called "GCC Grand Tours," allowing travelers to visit all six Gulf countries and stay for over 30 days. This initiative, unveiled by the United Arab Emirates Minister of Economy, Abdulla bin Touq Al Marri, at the Arabian Travel Mar ket (ATM), aims to boost tourism and make travel across the GCC region more convenient. The Gulf Cooperation Council, also called the Cooperation Council for the Arab States of the Gulf, includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The GCC Grand Tours visa is designed to attract a higher number of tourists by simplifying the process of visiting multiple countries in the region, similar to the European Union's Schengen visa. This new unified visa is expected to significantly contribute to the growth of the tourism sector in the Gulf and increase the number of hotel guests, ultimately establishing the region as a leading destination for regional and international tourists.
08.05 / 06:33
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International
Q4 Results Impact: IGL stock jumps 7% after net profit rises 9% in March quarter
Indraprastha Gas Limited (IGL) jumped 7 percent in intra-day deals on Wednesday despite weakness in the Indian market on the back of decent financial results for the March quarter (Q4FY24). The firm posted a 9 percent rise in its consolidated net profit at ₹433.79 crore as against ₹397.51 crore in the corresponding period last year. However, the leading city gas distributor's (CGD's) revenue from operations in the quarter under review fell 2 percent to ₹3,964.42 crore, versus ₹4,056.44 crore in the year-ago period.
08.05 / 05:57
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Equality
International
After Vistara, here's why Air India crew is up in arms against Tatas
Air India Express, the low-cost carrier owned by Tata Group, today cancelled several flights. The cancellations are reportedly due to a protest by some cabin crew members against alleged 'mismanagement at the airline'. As per a PTI report, the discontent among the cabin crew has been growing, especially since the beginning of the merger process with AIX Connect, formerly known as AirAsia India. Union Concerns and Passenger Frustration A union representing a section of the Air India Express cabin crew has raised concerns about mismanagement and unequal treatment of staff. The Air India Express Employees Union (AIXEU), which claims to represent around 300 cabin crew members, mostly seniors, has alleged that mismanagement has affected the morale of the employees.
08.05 / 04:49
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Air India Express cancels over 80 flights as cabin crew reports sick
Air India Express on Wednesday said that it has cancelled some flights due to a shortage of cabin crew members as a section of them reported sick. Sources said the airline has been forced to cancel over 80 flights starting last night as more than 200 cabin crew has reported sick protesting against the airline’s HR practices. Air India Express operates around 360 flights per day. «A section of our cabin crew reported sick at the last minute, starting last night, resulting in flight delays and cancellations. While we are engaging with the crew to understand the reasons behind these occurrences, our teams are actively addressing this issue to minimise any inconvenience caused to our guests as a result,” a spokesperson of the airline said.
08.05 / 04:49
markets
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trends
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International
Gold Price Today: Gold opens flat at Rs 71,182/10 grams; silver nears Rs 83,000/ kg
US Dollar weak global trends, gold prices on MCX traded on a lacklustre note on Wednesday. Gold futures on MCX rose Rs 34 or 0.05% to Rs 71,182 per 10 grams while MCX July silver contracts gained Rs 111 or 0.13% to Rs 82,989 per kg. Gold and silver prices lost momentum and closed on a negative note on Tuesday.
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