International Financial News

China said on Tuesday its military took steps to warn and alert an Australian aircraft after Australia blamed a Chinese fighter jet for endangering one of its military helicopters during an «unsafe» confrontation over the Yellow Sea.

tourist arrivals, Sri Lanka has renewed visa-free entry for visitors from India and six other select countries, aiming to make travel more accessible and convenient for international tourists. The countries included in this initiative are India, China, Russia, Japan, Malaysia, Thailand, and Indonesia, allowing their nationals to visit Sri Lanka for up to 30 days without visa fees. The Sri Lankan government's decision comes as part of efforts to rebuild the tourism industry, which has faced significant challenges due to the COVID-19 pandemic and the country's ongoing economic and political crises. The visa-free entry scheme, launched in October as a pilot project, reflects Sri Lanka's commitment to promoting tourism and creating seamless travel experiences for visitors from key markets. Although the visa-free entry allows visitors from the select countries to stay in Sri Lanka for 30 days, they are required to apply for their visa online through the website www.srilankaevisa.lk before their arrival. This online application process is designed to ensure smooth processing while maintaining security checks for incoming tourists.

Marico jumped 10% on BSE in Tuesday's trade to the day’s high of Rs 583 after the FMCG major on Monday reported a 5% year-on-year (YoY) jump in its March quarter consolidated net profit at Rs 320 crore. The revenue from operations rose merely 1.7% YoY to Rs 2,278 crore from Rs 2,240 crore in the year-ago quarter although the company managed to trim its expenses to Rs 1,894 crore in Q4FY24 from Rs 1,970 crore in Q3FY24 and Rs 1,907 crore in Q4FY23.

The new Bitcoin rival, Mollars (MOLLARS), continues to gain ground before its official listing on public crypto exchanges.      A second crypto exchange, “ LBank ,” announced Monday that it will list the new store-of-value crypto asset after the token presale closes.

The recent news on the re-introduction of inheritance tax has made a lot of people panic. However, it needs to be noted that news like this often circulates every few years.

₹1,349.65 apiece on the BSE Tuesday after the company’ fourth quarter earnings beat analysts’ estimates. The FMCG major Godrej Consumer Products posted a net loss of ₹1,893 crore in Q4FY24 as against a net profit of ₹452 crore in the year-ago period. The company had incurred a one-time exceptional loss of ₹2,376 crore during the March quarter due to reorganisation of Africa business.

iMobile Pay, and marks a significant shift from the previous requirement for NRIs to register an Indian mobile number for similar transactions. Sidharatha Mishra, Head of Digital Channels and Partnerships at ICICI Bank, commented on the launch, “We are delighted to partner with NPCI to launch the UPI facility on international mobile numbers through iMobile Pay. With this facility, our NRI customers residing in 10 countries do not need to switch to an Indian mobile number to pay using UPI.

Indian companies are also not usually running second to the Chinese in many sectors, especially in cutting-edge technology domains. The pressures on or exit of Chinese companies under Europe’s new laws, thus, might not necessarily create openings for Indian companies to take advantage of. What is, therefore, likely to happen, is similar to what has happened with Indian expectations of friend-shoring.

Rafah the way it is envisioned as of now. «We've made quite clear our position on Rafah for some time, which is that we cannot support an operation in Rafah as it is currently envisioned. We have made clear — the Secretary made this clear in his conversations with Prime Minister Netanyahu and other members of the Israeli Government last week — that we have not seen a humanitarian plan that is credible and that is implementable,» State Department spokesperson Matthew Miller said in a press briefing on Monday (local time).

Indian Overseas Bank (IOB) has put on sale 92 bad loan accounts totalling ₹13,472 crore, including Videocon Industries (₹900 crore), Frost International (₹839 crore) and Rotomac Global (₹750 crore), for a reserve price of over ₹4,000 crore. The sale is the Chennai-based bank's attempt to explore other avenues for recovery when cases in the National Company Law Tribunal (NCLT) are delayed beyond any timeline, IOB executive director Joydeep Dutta Roy said.

crewed test flight of Boeing's new Starliner space capsule was called off for at least 24 hours over a technical issue that launch teams were unable to resolve in time for the planned Monday night lift-off. The CST-200 Starliner's inaugural voyage carrying astronauts to the International Space Station (ISS) has been highly anticipated and much-delayed as Boeing scrambles to compete with Elon Musk's SpaceX for a greater share of lucrative NASA business.

release date is almost here and new episodes will soon premier. Viewers in the US can watch «Doctor Who» Season 14 on Disney+. First two episodes of «Doctor Who» Season 14 will be released on Disney+ on Friday, May 10 at 7:00 pm (ET). «Doctor Who» Season 14 will become the first season of the show to have an international release along with its debut in the US.

MAI Capital Management, a registered investment adviser focusing on comprehensive investment and financial planning for high-net-worth clients, has snapped up another practice in the southwestern US.

An associate at a US investment bank is understood to have passed away after allegedly working 120-hour weeks on a deal in the Financial Institutions Group (FIG) sector.

US Air Force Secretary Frank Kendall rode on an Artificial Intelligence (AI) Controlled F-16 Fighter Jet over the Californian Desert. It was only last month that Kendall made an announcement before the US Senate Appropriation Committee's defense panel that he intended to fly this aircraft controlled by autonomous systems powered by AI. He flew to the Edwards Air Force Base, as per a report on Fox News. The F-16 was controlled by AI called Vista and it flew at a speed of over 550mph. There were also two other F-16’s which flew besides this AI controlled jet which were piloted by air force pilots. The three aircrafts maneuvered and performed all other actions which are typical of a fighter aircraft.

Israel called on Palestinians to leave eastern Rafah Monday ahead of a ground invasion of the southern Gaza city, amid increasing global alarm about the consequences of such a move. The evacuation call followed disagreement between Israel and Hamas over the Palestinian militant group's demands to end the seven-month war, during weekend negotiations in Cairo.

Myanmar to Mizoram, the number of those taking shelter has increased to 34,332. A Mizoram government official said people are entering Mizoram to evade being recruited in the Arakan Army (AA) militant group. Around 50 Myanmarese, including 10 women, fled Paletwa in the neighbouring country’s Chin region and entered Hruitezawl village in Mizoram’s Lawngtlai district during the past few days to evade recruitment in the Arakan Army (AA) militant group, the largest armed ethnic outfit in Myanmar, which is recruiting people from the Chin region to intensify their battle against the Army. People from Myanmar are taking shelter across the 11 districts in phases after the military junta seized power in the neighboring country on February 1, 2021. The Kuki-Zomi-Chin tribes in Myanmar, Bangladesh, and Manipur share ethnic ties, and cultural and linguistic similarities with the Mizo people.

ALSO READ: Sunita Williams will fly again: Check details of her third mission at ISS She said she would carry a statue of Lord Ganesh with her on the commercial crew flight, saying Ganesh is her good luck charm and that she was happy to have Lord Ganesh with her in outer space, NDTV reported. According to the report, although she is a bit anxious, she has no jitters about flying in a new spacecraft.

15-member squad and who was not, team India's T20 jersey for the T20 World Cup was the most awaited thing among the fans. Adidas, India's official kit partner, on Tuesday revealed India's T20 jersey in a rather interesting way. The video features skipper Rohit Sharma and spinner Kuldeep Yadav and all-rounder Ravindra Jadeja at the picturesque Dharamsala stadium. A chopper is seen carrying the blue-orange jersey.

Bhumika Group, Rajasthan’s largest mall developer has planned to develop 300,000 sq ft of retail space under the Public-Private Partnership (PPP) model with various government authorities. The company is already developing retail space at NHPC Metro Station in Faridabad and plans to take more such space. It has entered into a joint development agreement to develop a high-street retail project spread across 550,000 sq ft in Faridabad.

Basavaraj Bommai and Jagadish Shettar and AICC President Mallikarjuna Kharge's son-in-law Radhakrishna Doddamani are among the 227 candidates facing the polls in the 14 constituencies in north Karnataka on Tuesday. Ministers Lakshmi Hebbalkar, Shivanand Patil, Eshwar Khandre and Satish Jarkiholi and seeking to launch their sons and daughters in electoral politics with the LS polls. About 2.59 crore electors will cast their vote at 28,269 polling stations where voting will take place between 7 am to 6 pm.