International Financial News

Onions in Chapter 07 of Schedule 2 of the ITC (HS) Export Policy," as quoted by PTI. In addition to this adjustment, a 40% export duty on onions was introduced starting May 3.

Canada-based proxies, engage in a range of activities that seek to influence Canadian communities and politicians to «align» Ottawa's position with New Delhi's interests on key issues, particularly concerns over Khalistani separatists in Canada, an official probe has found. The findings in the interim report by Commissioner Marie-Josee Hogue, who is leading the independent public inquiry, found evidence of foreign interference in Canada's last two federal elections in 2019 and 2021 but the results of the votes were not affected and the electoral system was robust. India has previously rejected as «baseless» the allegations of its interference in Canadian elections and asserted that the core issue has been Ottawa's meddling in New Delhi's internal affairs.

Upon buying the equity share, investors effectively entrust their funds to management for the company's operations. Therefore, it is crucial to ensure that management decisions prioritise the best interests of shareholders, which underscores the importance of assessing good corporate governance within the company.

Bosch (Bosch family). In Sweden, the Wallenbergs control significant shareholding in its mega corporations like ABB, Volvo, Erickson, Electrolux and others, with their management left in professional hands. It is similar with other European businesses like H&M (Persson family).

JSW Neo Energy and Sekura Energy are among five bidders that have made non-binding offers to acquire a controlling stake in Ayana Renewable Power, majority owned by National Investment and Infrastructure Fund (NIIF), according to people aware of the matter. The offers were submitted on April 19. The others in the fray include Masdar, Sembcorp and Macquarie, according to the people cited. The bids were submitted after allowing time to the suitors to conduct a limited due diligence that included access to some data and confidential financial information. As the next step, NIIF will communicate a shortlist of suitors over the next few weeks after which two or at best three will be allowed to conduct detailed due diligence, according to the sources.

Hardeep Singh Nijjar have been arrested, the RCMP confirmed Friday.The RCMP took three Indian nationals into custody on Friday morning, almost a year after Nijjar was gunned down at the Guru Nanak Sikh Temple in Surrey, B.C.The suspects entered Canada on student visas but may have been working at the direction of Indian intelligence when they shot Nijjar, a source familiar with the matter said.Karanpreet Singh, 28, Kamalpreet Singh, 22, and Karan Brar, 22, have been charged with murder and conspiracy in Nijjar’s killing, according to B.C. court records.The offences were allegedly committed in Surrey and Edmonton, where the men were living and were arrested.

The Department for Promotion of Industry and Internal Trade (DPIIT) plans to engage the National Council of Applied Economic Research (NCAER) to conduct a primary survey to assess cargo movement patterns and the cost of logistics for each component involved, they said. Last year, the think tank had estimated India's logistics costs in 2021-22 at 7.8-8.9% of the GDP, based on secondary data. «We will do another exercise along with the NCAER because the previous one was based on secondary data. This time, it will combine feedback and original surveys,» said an official, who did not wish to be identified.

Enforcement Directorate (ED) has recovered 268 bitcoins coins worth ₹138 crore from a Haldwani resident whose premises were raided last week on the instance of US authorities investigating his alleged involvement in an international drug trafficking group. ET arrested Parvinder Singh last week after it raided his residence in Haldwani, Uttarakhand. ET had reported on April 27 that in a rare instance, ED, while teaming up with the US authorities, carried out a search in Haldwani to assist the US sleuths unravel Singh's involvement in an international drug racket. After Singh's arrest, Parvinder was remanded to ED's custody till May 4. His interrogation led to the recovery of 268 bitcoins worth ₹138 crore, said a senior official on the condition of anonymity.

₹6,551 per barrel on the multi commodity exchange (MCX). -US job growth slowed more than expected in April and the annual wage gain cooled, data showed on Friday, prompting traders to raise bets that the US central bank will deliver its first interest rate cut this year in September. -Analysts said that the economy is slowing a little bit.

Air Force Secretary Frank Kendall on a historic flight at Edwards Air Force Base in California on Friday, news agency AP reported. The move can be considered one of the biggest advances in military aviation since the introduction of stealth in the early 1990s. The report said the AI-controlled F-16, called Vista, flew the USAF Secretary in lightning-fast manoeuvres at more than 550 miles an hour that put pressure on his body at five times the force of gravity.

BENGALURU : Reliance Retail-backed Dunzo is in the final stages of closing a “transaction" with investors that the cash-strapped startup has been looking to raise for at least a year to clear pending liabilities, including salaries. The arrangement is also expected to “find safety for the company into perpetuity", co-founder and chief executive Kabeer Biswas told employees on Friday in an internal communication, which Mint has seen.

₹21999 for the 8GB RAM and 256GB ROM variant.The HONOR X9b features a 5800mAh battery, 6.78-inch AMOLED display, and 120Hz refresh rate. Running on the efficient Qualcomm Snapdragon 6 Gen 1 chipset and powered by MagicOS 7.2 based on Android 13, the HONOR X9b ensures smooth multitasking and a high-performance gaming experience, courtesy of the Adreno 710 GPU. For photography enthusiasts, the HONOR X9b offers a triple-camera setup.

₹2.10 lakh crore in April 2024, Arvind Subramanian, former Chief Economic Adviser (CEA) to the central government has now highlighted that the despite the high collections, GST revenue for fiscal 2023-24 (FY24) has still not surpassed the pre-GST level. Also Read: The caveat you need to know while reading the GST ‘record’ in April Taking to social media platform ‘X’, the former CEA who is a senior fellow at Peterson Institute for International Economics, said that at 6.1 per cent gross domestic product (GDP), India's GST revenue--even after seven years, is still not above the pre-GST level, despite recovery from the COVID-19 pandemic and better implementation.

A U.S. law-enforcement probe intoToronto-Dominion Bank’s internal controls is tied to the laundering of hundreds of millions of dollars in proceeds from illegal drug sales, the Wall Street Journal reported. 

The Internal Revenue Service will focus more on wealthy taxpayers, with increased audits and enforcement action for noncompliance with the highest dollar amount.

A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a «scapegoat» and failing to take its share of responsibility for missing the trades.

Jagan Mohan Reddy on Friday urged people to remember the good things that happened to them during YSRCP tenure before casting their vote in the forthcoming elections, and listed out a slew of welfare schemes introduced by his government. The ruling party chief said this during a public meeting in Narasapuram in West Godavari district. «Think under whose tenure good things happened and under whom will that good continue. Everybody should think about it and then vote,» said Reddy. Appealing to those who did not vote for him in the past elections, he requested them to go home and discuss with family members. Terming the forthcoming elections as a 'Kurukshetra' battle, Reddy said they are not just to elect MLAs and MPs but to decide the future of every household in the next five years and the continuation of welfare schemes.

an intense heatwave swept through eastern India and parts of the southern peninsular region, according to the weather bureau. Parts of West Bengal, Bihar, Odisha, Tamil Nadu, Telangana, and coastal Andhra Pradesh recorded temperatures above the 44-degree Celsius mark.

double digit hike % If you're underpaid, don't overthink, just Switch!," Akshay Saini said in a post on X (formerly Twitter) “The HARD TRUTH is, if you start your career with a Low Salary, you will have to switch jobs to reach High salary (as a Software Engineer) The HARD TRUTH is, Internal appraisals are very low. Internal promotion process is broken. (in most companies) low_appraisal% of low_salary = new_low_salary If you start with a low salary, switching jobs gets you much more salary hikes! That's the reason you will see a lot of highly paid software engineers (who started from a low salary) must have switched jobs frequently," said in another post.

crypto asset market progresses, India finds itself at a pivotal juncture. There’s an opportunity to chart a course that delicately balances innovation in this nascent but super exciting sector, together with risk management, while drawing invaluable insights from the regulatory experiences of other nations. At the recent G20 Summit, India emerged as a leading advocate for standardizing regulatory frameworks for crypto assets on a global scale, championing international collaboration to address the inherently cross-border nature of crypto assets and the imperative to mitigate the macro-financial implications associated with them. Countries worldwide are making significant strides. Markets in Crypto-assets (MiCA), the EU-wide regulation, will come into effect this year. MiCA, once put into action, will have a broad scope of application within the crypto asset ecosystem. Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa, and South Asia (MEASA) region, enacted the world’s first Digital Assets Law. The UK government, which has a stated goal of being a global leader in Web3, has confirmed plans to regulate crypto assets through formal legislation in 2024 (It has said it intends to bring many crypto asset activities under the same regulations that govern banks and other financial services firms).

Shaitaan - Netflix 'Shaitaan' will be released on Netflix on 4 May. The film is a Hindi remake of the acclaimed Gujarati movie titled Vash. Reports had stated that the film starring R Madhavan, Jyothika, Janki Bodiwala, and Anngad Raaj was made with a budget of ₹65 crore.