International Financial News

Rohit Sharma and Ajit Agarkar, chairman of the selection committee, addressed a press conference on Thursday to answer questions about India's squad for the T20 World Cup. The duo clarified various aspects about the selection of the Indian squad, including why Rinku wasn't selected for the T-20 World Cup despite his remarkable performances in international T20 and IPL matches. Ajit Agarkar while explaining the reasoning behind non-selection of Rinku Singh, said, “It (not picking Rinku) is probably the toughest thing we have had to discuss.

₹659 in September 2021 following strong results in the June 2021 quarter (Q1FY22) during which it clocked 34% volume growth year-on-year. Ignoring that it had come off a low base owing to the impact of the covid-19 pandemic in the base quarter, investors extrapolated such strong growth would continue well into the future. This optimism has come at a cost, as the stock price still lags nearly 15% below its peak even after almost three years.

BEIJING — Chinese automakers, including state-owned auto giant GAC Group, can't afford to take it easy in the country's electric car boom if they want to survive.

Also Read | CEO Tim Cook satisfied with Apple's 'strong double-digit growth' in India as company reports record revenues The International Financial Services Centre Authority (IFSCA), which regulates financial services at GIFT City in Gujarat state, already allows banks to issue P-Notes. Also Read | Dabur share price gains as brokerages maintain bullish view after Q4 results; Should you buy the stock? Foreign funds issuing the notes would need to meet compliance requirements of IFSCA and the Securities and Exchange Board of India.

₹3,970. This amount doesn't include GST or the IRCTC convenience fee for booking heli flights, which must be paid separately.

RattanIndia Power Ltd.(up 4.38%), CESC Ltd.(up 2.00%), Power and Instrumentation(Gujarat)Ltd.(up 1.92%), Karma Energy Ltd.(up 1.91%), GE T&D India Ltd.(up 1.13%), PTC India Ltd.(up 1.11%), NHPC Ltd.(up 1.03%), NTPC Ltd.(up 0.99%), Torrent Power Ltd.(up 0.69%) and Adani Green Energy Ltd.(up 0.45%) were among the top gainers.

OCI investors to enter the market. Existing non-resident investors have also been affected. Due to this, many NRIs are losing out on the ability to capitalize on investment opportunities. The new KYC norms, which came into effect on April 1, 2024, introduced stringent requirements, rendering certain documents such as bank statements or utility bills not considered valid documents for completing the KYC process. While the new rules aim to enhance security and compliance, they have inadvertently created investment barriers for NRIs. As per the Aadhaar rules, NRIs and OCIs with foreign mobile numbers are exempted from the Aadhaar-linked OTP verification requirements, provided their PAN reflects their NRI status. Despite such an exemption, the new KYC norms of compulsory Aadhaar validation to get 'KYC Validation' status portray a different scenario and have created a conflict of regulations for the Indian diaspora.

Dubai rains: Flights affected, schools closed — 7 key points Emirates cancelled several flights due to bad weather across the UAE on Thursday. A Flydubai spokesperson told Khaleej Times that the “adverse weather conditions in Dubai on Thursday have caused some delays to their operations". India's IndiGo said that their flight operations have been affected due to bad weather in Dubai, Sharjah, Ras Al Khaimah and Abu Dhabi.

Bajaj Auto Ltd.(up 1.32 per cent), Eicher Motors Ltd.(up 0.67 per cent), Samvardhana Motherson International Ltd.(up 0.58 per cent), Ashok Leyland Ltd.(up 0.5 per cent) and Mahindra & Mahindra Ltd.(up 0.41 per cent) were among the top gainers.

coffee exports rose 18% in April from a year earlier, data released from national coffee institute ICAFE showed on Thursday, despite weak international demand and logistical disruptions in the first quarter. April shipments totalled 138,323 60-kg bags, according to ICAFE, 21,121 more than in the same month in 2023. The figures are a positive sign for the current cycle's outlook, after exports were impacted in the first quarter by lower international demand, as well as logistical hiccups that included shortages of shipping containers, said Alcides Quiros, head of ICAFE's settlements unit.

Kishida unveiled an international framework for regulation and use of generative AI on Thursday, adding to global efforts on governance for the rapidly advancing technology. Kishida made the announcement in a speech at the Paris-based Organization for Economic Cooperation and Development.

Broadband internet are disrupted in many parts of Nepal as Indian vendors from whom most Nepali private operators source the bandwidth stopped providing the services because of payment defaults

Kazakhstan President Kassym-Jomart Tokayev. Kazakhstan has actively advocated at the UN for the condemnation of this inhumane act against civilians. Attempts to exploit international turbulence to promote radical ideologies and incite xenophobia are increasing, Tokayev noted in his recent speech at the Session of the Assembly of the People of Kazakhstan. Ethno-religious motives are being attributed to the geostrategic ambitions of states, framing them as inter-civilizational conflicts, the Kazakh President pointed out.

Pakistan will push back the deadline for companies to express interest in buying national carrier Pakistan International Airlines to May 18, the country's privatisation minister said on Thursday. The extension, announced in a statement by Minister for Investment and Privatisation Abdul Aleem Khan, came a day before the expressions of interest had originally been due. He said 10 companies had already expressed an interest.

Japanese Prime Minister Fumio Kishida has unveiled an international framework for regulation and use of generative AI

The European Union has announced an aid package for Lebanon of 1 billion euros — about $1.06 billion — that will mostly go to strengthening border control to halt the flow of asylum seekers and migrants from the small, crisis-wracked country across the...

Global Citizen NOW says it wants 2024 conference attendees to invest long-term in the African continent's fast-growing youth population and increase outreach to young changemakers

A small Canadian lender is muscling its way into the banking big leagues — and that’s not an easy place to be.

train drivers for definite time intervals to have food and respond to the nature's call. The Ministry of Labour has constituted a high-powered committee to work out the modalities «to provide defined time intervals for food and attending calls of the nature while on duty for the Loco Running Staff of the Indian Railway». The initiative is in line with the International Labour Organisation's (ILO) Hours of Work (Industry) Convention, 1919, which has been ratified by India.

English county cricket suffered a huge blow as Josh Baker, a Worcestershire left-arm spinner, passed away at a very early age of 20. Baker began his first-class cricket journey back in 2021 when he started playing for Worcestershire. His accomplishments at a very early stage, saw him sign his first contract with his county club at the early age of 17. Moreover, in the international circuit, he was also included in the England squad at the Under-19 level and was also in the reserves for the U19s World Cup squad in the year 2022, according to The Mirror.

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: