International Financial News

International Cricket Council has secured a five-year contract with Sky for the New Zealand market, covering all ICC men's and women's events until the end of 2028. Under the new partnership, Sky will broadcast 16 international events, including the ICC Men’s and Women’s Cricket World Cups, the ICC Men’s and Women’s T20 World Cups, the ICC Champions Trophies, the World Test Championship Finals, and the U19 World Cups. The first of these exciting events commences in June with the ICC Men’s T20 World Cup 2024, hosted in the USA and the West Indies. This will be followed by the ICC Women’s T20 World Cup in Bangladesh in October and extend through to the ICC Men’s T20 World Cup 2028 in Australia and New Zealand.

Congress leader Priyanka Gandhi said that under the reign of Prime Minister Narendra Modi, "British Raj-like conditions" are prevailing in the country, with the government policies only benefiting billionaires. «British Raj-like conditions are prevalent in the country. The policies of the Modi government are not being made keeping in mind the poor but have been made to benefit the billionaires. International reports show that today the condition of inequality in India is worse than British rule,» Priyanka Gandhi said on Tuesday while addressing Congress workers in the Rae Bareli constituency in Uttar Pradesh, where her brother and Congress leader Rahul Gandhi is contesting. «All the institutions which strengthen democracy are being weakened, be it media or Parliament. Mahatma Gandhi, Pandit Nehru had fought against the British to strengthen the rights of the people, little did they know that a day would come in independent India when the government would be bent upon depriving the people of their rights,» she added.

NEW DELHI : India's small cities and towns, once emblematic of neglected infrastructure and stagnant lifestyles, are now hotspots of rising consumption—a pattern not gone unnoticed by India’s hospitality sector. Demand for hotels and resorts in small cities and towns, especially those categorized as tier 3 and 4, is climbing at an unprecedented rate. Cities such as Mhow, Silvassa and Rewa, which offer attractive investment opportunities at lower land acquisition and operational costs, are emerging as compelling destinations for a good number of hospitality companies.

Freshly published SEC filings have uncovered a massive Bitcoin whale holding nine-figure funds spread across multiple U.S. Bitcoin ETF products.

Top Events on May 8: Prime Minister Narendra Modi will address an election rally in Andhra Pradesh on May 8. Besides this, Tata Power, L&T and other companies will announce their Q4 results today. The Supreme Court of India will also hear petitions on Uttarakhand forest fire incidents.

Federal Deposit Insurance Corp. 's workplace culture describes an environment that fostered “hostile, abusive, unprofessional, or inappropriate conduct," and questions whether the agency's chairman is credible to lead the agency through a cultural transformation. The report released Tuesday by law firm Cleary Gottlieb Steen & Hamilton outlines incidents of stalking, harassment, homophobia and other violations of employment regulations.

Air India and Lufthansa have strengthened their relationship with the German major expanding the code-share agreement on the popular India-Australia route. Under this new pact, passengers of Lufthansa, from its hub in Frankfurt and Munich, will be able to travel to Sydney and Melbourne via Delhi and Mumbai airports on Air India.

updated iPad Air now offers two size options—11 inches and a new 13-inch model. The front-facing camera has been relocated to the landscape edge, reinforcing its resemblance to a laptop screen. Internally, the iPad Air has been upgraded to the M2 chip, replacing the previous M1, promising a significant boost in performance.

SINGAPORE–When Elon Musk made a surprise visit last month to Beijing, the Tesla chief executive brought along a trusted lieutenant: Tom Zhu, the company’s former China head who had skyrocketed through the ranks as a turnaround guru. Now, Zhu—one of just three senior executives including Musk currently named on Tesla’s website—is getting deployed from Tesla’s Texas headquarters back to China at a vulnerable time for the world’s most valuable automaker, according to a person familiar with the matter. Zhu, who was born in China and educated in the U.S.

iPad Pro (2024) with an 11-inch screen and Wi-Fi connectivity starts at Rs. 99,900, while the top-tier 13-inch model with Wi-Fi + Cellular capability is priced at Rs. 1,49,900.

Voltas Q4 Results: Voltas announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Tuesday, May 7, reporting a drop of 19 per cent in consolidated net profit at ₹116.44 crore, compared to 143.92 crore in the corresponding period last year. The air conditioning and engineering services provider's revenue from operations in the fourth quarter of FY24 rose 42 per cent to ₹4,203 crore, compared to ₹2,957 crore in the year-ago period. Voltas said its board of directors has recommended a dividend of ₹5 per share of the face value of Re 1 per share for the year 2023-24 subject to the approval of shareholders of the company.

Mint. Last month, Zee's board of directors approved a new organizational framework suggested by Punit Goenka, the managing director and CEO. Under this new structure, Goenka will take direct oversight of the domestic broadcast business and aims to enhance synergies across core business segments including broadcast, digital, movies, and music.

Godzilla Minus One" is available for OTT streaming and Blu-ray version in Japan. However, the question continues to remain when will the Oscars 2024 movie be released for online viewing in the US and other international markets.

Federal officials say the number of fish on the government’s overfishing list sunk to a new low last year in a sign of healthy U.S. fisheries

Qantas Airways has agreed to pay $79 million in compensation and a fine for selling tickets on thousands of cancelled flights

French President Emmanuel Macron has put trade disputes and Ukraine-related diplomatic efforts at the top of the agenda for talks with visiting Chinese President Xi Jinping

new tax regime. And if you want to switch to the old tax regime and make use of the provisions such as tax exemptions entitled under section 80C and 80D — key provisions missing in the new regime, then you need to first opt out of the default i.e., new regime. Alternatively, if you want to make use of the lower tax slabs given in the new tax regime as a trade-off for the foregone tax exemptions, then you don’t need to go for this switch.

chemicals and polymers maker SRF posted a drop in profit for the fifth quarter in a row on Tuesday, hurt by sustained weak demand in its mainstay chemicals business. SRF's chemical business, which consists of specialty chemicals, fluorochemicals and agrochemicals among others, contributes half the company's quarterly revenue.

Apple is developing its own chip to run artificial intelligence software in data centers, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Paras Healthcare Private Limited (“Paras Health”), a corporate hospital chain which launched its first hospital in Gurugram in 2006, recently performed Bhumi Pujan for its forthcoming 300-bed hospital in the city. This new facility will be the second hospital under the umbrella of Paras Health in Gurugram, to be located in Sector 63-A. This marks another significant milestone in the hospital's journey towards expanding its healthcare offerings. The ceremony was graced by the presence of Dr. Dharminder Kumar Nagar, Managing Director of Paras Health, Mr. Ankit Goel, Director Essel Infra LLP, Dr. Kapil Garg, Director and Dr. Santy Sajan, Group Chief Operating Officer, Paras Health.

Saugata Gupta, MD & CEO, Marico, says “we have lost market share in the bottom of the pyramid segment in value-added hair oils, where there has been significant competitive intensity. Otherwise, in most of the categories, we have gained market share. What is also heartening is that we have continued to grow in our core brands as well as food, Parachute and all and also the premium part of value-added hair oils.” The commentary around rural recovery is gaining ground. What has been your reading with respect to how things are on the ground right now, especially on the rural front? Saugata Gupta: Last year, it was a combination of two factors. Obviously, rural demand was stressed. The premium part of the portfolio continued to grow. Having said that, we also saw a little bit of moderation in urban growth towards the second half of the year. What we now see is a slight uptick in rural growth towards the end of the quarter. The second thing which also happened is, at least in our portfolio, there was a lot of deflation in pricing that happened, a combination of price drops we took on Parachute and Saffola, as well as significant shrinkflation that happened in the value-added hair oils portfolio.