International Financial News

—Name withheld on request Being a seafarer, there are certain concessions granted to you for determination of tax residence in India under the Income Tax Act, 1961 (ITA). Since you have left Indian territory as a crew member on an Indian-flag ship, you have to cross the threshold of 182 days or more stay in India in order to qualify as a tax resident of India.

Shares of Mahindra & Mahindra Ltd.(up 1.46 per cent), Balkrishna Industries Ltd.(up 0.87 per cent), Tata Motors Ltd.(up 0.28 per cent) and TVS Motor Company Ltd.(up 0.2 per cent) ended the day as top gainers in the pack.

Marico, Lupin, CarTrade Tech, Gujarat Gas, Godrej Consumer Products, Indian Bank, CG Power and Industrial Solutions, DCM Shriram, Happiest Minds Technologies and Route Mobile will announce their Q4 results today. Adinath Exim Resources, Aeroflex Industries, Allsec Technologies, Alphalogic Industries, Apcotex Industries, Arvind, Arvind SmartSpaces, Automotive Stampings & Assemblies, Asarfi Hospital, Bombay Dyeing & Mfg Co, Chemcrux Enterprises, Choice International, Clara Industries, Capital trade Links, Evexia Lifecare, Gujarat Fluorochemicals, Fusion Micro Finance, GHCL, GHCL Textiles, Grindwell Norton, Gujarat Poly Electronics and Gujarat Toolroom will also release their earnings for the quarter ended March 2024 today.

Benjamin Netanyahu on Sunday denounced international criticism of the country's war in Gaza. He was speaking at a Holocaust Remembrance Day ceremony at the Yad Vashem memorial in Jerusalem. The Israeli PM recalled the time when Nazis killed six million Jews during World War II, saying “no nation came to our aid" and “people were completely defenseless against those who sought destruction".

Emmanuel Macron was on Monday set to warn Chinese leader Xi Jinping against backing Russia in the conflict over Ukraine but also seek to enlist his help in finding an end to the war. Xi is making a state visit to France marking 60 years of diplomatic relations between France and China. The trip is his first to Europe since 2019 and will also see him visit Serbia and Hungary later in the week.

MUMBAI : IndusInd International Holdings Ltd (IIHL), promoter of IndusInd Bank, said it is likely to receive the Reserve Bank of India's final approval to increase its stake in the private-sector lender over the next two weeks. Ashok Hinduja, chairman, IIHL, said that the promoter will not look at raising its stake from the existing 16.4% to 26% immediately in one go, as it would involve infusing capital worth $1 billion. "15% to 26% stake increase, there is a policy of the regulator (RBI).

Wipro and HCL Tech are likely to follow suit in their upcoming management discussions. Cognizant said, “Our use of AI technologies may present business, financial, legal and reputational risks. As with many innovations, AI presents risks and challenges that could adversely impact our business." The company added, “Failure to appropriately conform to this evolving landscape may result in legal liability, regulatory action, or brand and reputational harm." French IT giant Capgemini also spoke about potential disruptive effects.

Top Events on May 6: With phase 3 of the Lok Sabha elections 2024 nearing, Prime Minister Narendra Modi has scheduled election rallies in Odisha and Andhra Pradesh on May 6. Alongside the election activities, Indegene Limited and Winsol Engineers Limited are also set to launch their IPOs today. The Supreme Court will hear the petitions filed by ex-Tamil Nadu minister Senthil Balaji and former Jharkhand CM Hemant Soren today.

Ashok Leyland, the Hinduja Group flagship, will roll out six new light commercial vehicles (2-3.5 tonne) in the next 12 months as part of a plan to increase its LCV market share to 25% from 20% now, a top official said. «This year, we have six versions of the Dost lined up. We will launch one model every alternate month starting this month-end,» Amandeep Singh, president, LCV, international operations, defence and power solutions at Ashok Leyland, told ET. «This will come with varied payload, technology, and volume capacity.» Dost is a range of pick-up trucks.

Cricbuzz quoted Aldrice as saying the media in Dhaka. ALSO READ: India and Pakistan to clash again in October: Check Women's T20 World Cup 2024 schedule "Until something changes, that will remain the situation.

After 3 years, Auto Expo holds promise for emerging technologies Bharat Mobility Global Expo, which was anchored by the Ministry of Commerce's Engineering Export Promotion Council of India (EEPC) and automotive industry bodies SIAM and ACMA among others in its first edition in February this year, will expand to three venues next year from 17 January to 22 January, in a bid to position the show as a bigger global mobility event in India. Roadshows to attract international buyers for the auto components show are set to begin soon, while the construction equipment expo is expected to see a footfall of builders, developers, and urban planners among others, the people cited above told Mint.

Saudi Arabia posted a budget deficit Saudi Arabia posts budget deficit of $3.30 billion in first quarter of Saudi Arabia posts budget deficit of $3.30 billion in first quarter of 12.387 billion riyals ($3.30 billion) in the first quarter of 2024, the finance ministry said on Sunday, after lower oil revenues and increased spending weighed on the economy. The kingdom needs to spend hundreds of billions of dollars to fund giga-projects aimed at weaning the economy off oil and to boost tourism and the private sector.

REC Ltd on Sunday said it has received RBI's approval to set up a subsidiary in GIFT City, Gujarat. The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services, a company statement said. According to the statement, REC Ltd, under the Ministry of Power and a leading NBFC, has received a 'No Objection Certificate' (NOC) from the Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar, Gujarat. The decision to expand operations into GIFT, a burgeoning hub for financial services in India, comes as REC continues to diversify its portfolio and explore new avenues for growth, it stated.

Secularism means respect for all religions and it does not mean that you deny your own religion or are somehow not proud of your culture and heritage, said External Affairs Minister S Jaishankar on Sunday, clarifying what he means by the concept. His remarks came during an interactive session in Odisha's Cuttack while campaigning for the Bharatiya Janata Party (BJP) amid Lok Sabha elections. On being asked how secularism can be incorporated in the country's foreign policy, EAM Jaishankar explained, «Now first of all let us be very clear what we mean by secularism. Secularism means respect for all religions. Secularism does not mean. that you deny your own religion or you are somehow not proud of your culture and heritage. Today's Bharat there are history, culture, and traditions.»

stock trading from Gachibowli, Hyderabad, fell victim to a significant investment fraud totaling Rs 3.37 crore. The scheme commenced with a deceptive invitation via WhatsApp to join a trading group named 'International Stock Trading Account,' purporting to facilitate transactions involving upper circuit stocks.

PTI. He further said that the least number of jobs were created during the UPA government period from 2004 to 2013 and It was then that the term ‘jobless growth’ came about. ALSO READ: Young India has Virat Kohli mentality that…': Raghuram Rajan “The job creation by the Modi government has been the highest on record.

FSSAI) on Sunday said that India has one of the most stringent standards of maximum residue limits (MRLs) in the world, and that these are fixed at different levels for different food commodities based on risk assessments. MRL is the maximum amount of pesticide residue expected to remain on food products when a pesticide is used according to label directions and is not a health concern for humans, the Indian food regulator said in a press statement.

Israeli Prime Minister Benjamin Netanyahu says his government has voted unanimously to shutter the offices of the Qatar-owned broadcaster Al Jazeera in Israel

Boeing is finally poised to launch astronauts to the International Space Station for NASA after years of delays and stumbles

Boeing has locked out its private force of firefighters who protect its aircraft-manufacturing plants in the Seattle area and brought in replacements after the latest round of negotiations with the firefighters’ union failed to deliver an agreement on ...

The world is producing more electronic waste than ever — 62 million metric tons in 2022