International Financial News

02.05 / 19:33

markets UPS Target country reports International stake Quadria cap picks up minority stake in NephroPlus

NephroPlus, India's largest dialysis chain, said it has raised $103 million (₹860 crore) in a Series F funding round from Quadria Capital through a mix of fresh capital infusion and a secondary sale aimed at driving expansion plans within India and targeted markets overseas. The primary component is ₹100 crore. Quadria will become a minority shareholder post the latest round of funding which valued NephroPlus at more than ₹2,000 crore. Quadria will have a slightly higher stake than Bahrain-based Investcorp, which was the largest shareholder in the company prior to the latest round at 35-40%.

02.05 / 18:18

Fox Tesla students information reports Colleges International Elon Musk's Tesla yanks summer internship offers, students say

Barron's senior writer Al Root discusses Tesla's market performance and automaker strategies when it comes to electric vehicles.

02.05 / 16:19

markets FIVE security Investigations International Manpasand Beverages | ‘Fake’ company, GST fraud & more; Here's how SEBI unfolded this corporate scam

Manpasand Beverages Scam: The capital markets regulator Securities and Exchange Board of India (SEBI) has barred Manpasand Beverages Ltd (MBL) and its top officials and directors from the securities markets for a period of three years from now and also imposed a total penalty of ₹74 lakh for manipulating and mis-reporting the company's financial statements. Apart from MBL, those who restrained by SEBI are -- the promoter, chairman, managing director (CMD) Dhirendra Singh, promoter and executive director Abhishek Singh and chief financial officer (CFO) Paresh Thakkar. Also, these four entities have been fined ₹17 lakh each, which needs to be paid within a period of 45 days, SEBI said in its recently released 55-page order.

02.05 / 12:57

COST CEO security stage reports recommendations International Federal Bank in advanced stage of sending names of CEO candidates to RBI

Federal Bank is in an advanced stage of sending the names of potential candidates for the post of managing director and chief executive officer, according to CEO Shyam Srinivasan, whose term ends on 22 September. “There is a bank board established search panel and they have a slew of candidates to choose from," said Srinivasan at a post-results press conference. "It could be internal or external.

02.05 / 12:57

UPS Manufacturing CEO economy Continental pandemic International Europe takes radical steps to boost production; ‘There is no other option’

FLAMANVILLE, France—Early this year, a top European Union official made an eye-catching proposal: A €100 billion public fund that would curb Europe’s reliance on U.S. defense manufacturers, who make nearly two-thirds of Europe’s military hardware. The cash could subsidize European companies to develop and manufacture more weapons at home at a time when the continent faces a growing threat from Russia.

02.05 / 12:57

BLOCK Immunic Experts classical symptoms International Are You Suffering from “Allergy-Face”?

In the short term, allergy symptoms can leave your face looking puffy, with a red, inflamed nose, and bloodshot eyes – classic signs that your body is in battle mode against allergens. Prolonged inflammation can accelerate the appearance of fine lines and wrinkles, adding years to your skin. Our skin is our largest organ, and any internal dysregulation, such as an allergic reaction, is going to affect its health.

02.05 / 12:15

markets Cooper track International cricket Sporting USA Cricket ropes Amul as lead arm sponsor of men's team for T20 WC

USA Cricket has roped in Indian dairy brand Amul as the Lead Arm sponsor of its men's national cricket team for the ICC Men's T20 World Cup 2024. The announcement was made in the presence of the Consul General of India in the USA, Binaya R. Pradhan, Gujarat Cooperative Milk Marketing Federation (GCMMF) MD Jayen Mehta, and the USA cricket team at the Consulate General of India, New York. The ICC tournament will commence on June 1 with the opening match scheduled between USA and Canada in Dallas, TX. As co-hosts of this major ICC event, the USA will make its debut appearance in this global championship.

02.05 / 12:15

markets Booking economy wellness travelers International Destinations India among fastest-growing markets with potential to be among top 10: Airbnb CBO

India is one of the «fastest-growing markets» for online accommodation hosting platform Airbnb and the country has the potential to be among its top 10 global markets in the coming years, according to its Chief Business Officer Dave Stephenson. The company is investing in India to tap the opportunity of a rapid rise in tourists travelling to foreign destinations as well as domestic places that are rapidly growing post-pandemic and where 90 per cent of its first-time bookers are Gen Zs. «It (India) is one of our growth markets and we see a huge opportunity for growth in India in the future. In India, nights booked grew by almost 30 per cent YoY (Year-on-Year) in 2023 compared to 2022, which is a positive sign,» Stephenson told PTI.

02.05 / 12:15

markets UPS WhatsApp Trade Updates International Stock market update: Nifty Auto index advances 1.13%

Shares of Ashok Leyland Ltd.(up 4.52 per cent), Bosch Ltd.(up 4.48 per cent), Bajaj Auto Ltd.(up 2.33 per cent), Tata Motors Ltd.(up 1.98 per cent) and Tata Motors Ltd.(up 1.59 per cent) ended the day as top gainers in the pack.

02.05 / 11:53

markets Provident Digital Software Trade reports International Digital Token Identifier to monitor crypto-derivative risk across G20

A division of Etrading Software (ETS), DTIF’s scope is broadening to provide public authorities with greater support in identifying digital asset risks globally, and to instil further transparency in the crypto derivative trading market. Until now, derivatives reporting has focused solely on traditional financial instruments.

02.05 / 10:47

markets MET country International UPI transaction volume declined to ₹19.64 lakh crore in April. Check Details

UPI) transactions fell to ₹19.64 lakh crore in the month of April against ₹19.78 lakh crore in the preceding month. In terms of transaction count, the number fell to 13.30 billion from 13.44 billion in March. When compared with April last year, the number of transactions saw a growth of 50 percent, while the total amount of transactions saw 40 percent growth.

02.05 / 09:53

FIVE Digital Trade reports recommendations Updates International Titan Q4 results tomorrow: Net profit likely to rise 8% YoY; jewellery segment to aid revenue growth

Titan Company is expected to report revenue of ₹11,250 in Q4FY24, registering a growth of 16% from ₹9,704 in the year-ago period, according to average estimates of five brokerages. Titan Q4 net profit is estimated to rise 8.2% to ₹794 crore from ₹734 crore, year-on-year (YoY). Analysts believe there could be demand moderation in Titan’s jewelry segment in Q4FY24.

02.05 / 09:19

FIVE Manufacturing Airlines Entertainment economy Celebrity International Air India's Airbus A350 marks International debut

Air India has launched flights on the Delhi-Dubai route with its new Airbus A350-900 aircraft according to a statement by Air India. The launch of flight on this route marks the international debut of Air India's recently acquired aircrafts, making it the sole carrier to operate the A350 between India and Dubai. The commencement of flights was celebrated with pre-departure ceremonies at both Delhi and Dubai airports, where guests were presented with A350 memorabilia.

02.05 / 08:39

Target FIVE Extreme economy Sustainability Food International OECD revises India's FY25 growth forecast upward to 6.6%

India’s FY25 growth forecast upward to 6.6% from 6.2% projected earlier. “Strong investment and improving business confidence in India are projected to sustain real GDP growth of just over 6½ per cent in both FY25 and FY26, despite relatively sluggish private consumption growth,” OECD said. “Domestic demand will be driven by gross capital formation, particularly in the public sector, with private consumption growth remaining sluggish,” it further added.

02.05 / 08:35

BLOCK Bitcoin reports Investigations International compliance Jack Dorsey’s Block’s Crypto Unit Under Investigation Over Compliance Practices: Report

Federal prosecutors have launched an investigation into Block, the financial technology company co-founded by Twitter’s Jack Dorsey. The investigation focuses on alleged compliance lapses at its central units, Square and Cash App.

02.05 / 07:59

Digital Citizens economy Enterprise country reports International India eyes to unlock MSME potential, pivots to digital public infra to catalyze growth

Aadhaar, UPI, and Fastag. A Nasscom report in February 2024 had stated that DPI could help India become an $8-trillion economy by 2030. The economic value added by DPI could increase to between 2.9% and 4.2% of GDP by 2030, from 0.9% in 2022, it said.

02.05 / 03:23

Bill President reports Department Interviews International Union Pacific undermined regulators' efforts to assess safety, US agency says

Federal regulators say Union Pacific managers undermined their efforts to assess safety at the railroad by coaching employees on how to respond and suggesting they might be disciplined

02.05 / 03:23

UPS Cooper economy country reports International Japan's Kishida will stress rules-based global order, support for emerging nations at OECD meeting

Japan’s Prime Minister Fumio Kishida says he will stress the need for a rules-based international order when he attends a meeting of the Organizations for Economic Cooperation and Development in Paris

02.05 / 02:29

security Election Diversity social rights International PM Modi must clear his stance on whether he will remove 50 pc cap on reservation for SC, ST, OBC: Congress

Congress on Wednesday took a swipe at the Bharatiya Janata Party (BJP), accusing the ruling party of harping on '400 paar' in the Lok Sabha polls so that they could change the Constitution and end reservations and asked Prime Minister Narendra Modi whether he will support an amendment to the Constitution for the purpose. Addressing a press conference at the AICC headquarters here today, party general secretary in charge of communications Jairam Ramesh said that the party had some questions for Prime Minister Narendra Modi — specifically, his views on removing the 50 per cent cap on SC, ST and OBC quota. He alleged that the BJP is «talking about '400 paar'» to change the Constitution as the «BJP and the RSS are against secularism and social justice.»

02.05 / 02:09

Cooper War country reports Investigations International State comptroller calls on Netanyahu to cooperate with probe of Oct 7 failures

State Comptroller Matanyahu Englman called on the country's Prime Minister and military chief of staff to cooperate with his office's probe into the failures of October 7 in separate letters sent on Wednesday. «My public and ethical duty as the state auditor is to carry out a comprehensive audit of the biggest failure in the history of the state, the Simchat Torah massacre on October 7,» Englman wrote in a letter to Israel Defense Forces Chief of Staff Lt.-Gen. Herzi Halevi.

02.05 / 02:09

UPS Southern Food War Traffic International Israel reopens Gaza's Erez crossing for first time since Oct 7

Israel reopened the Erez Crossing with Gaza for the first time since October 7 with the passage of 30 trucks delivering food and medical supplies from Jordan to the northern area of the Strip. It is the only crossing located on Gaza's northern border. Before the war, it served as the only crossing point for pedestrian traffic. Before the attacks of October 7, it was primarily used by international personnel such as diplomats, aid workers, and journalists and also Palestinians with work or medical permits, while trucks used the Kerem Shalom crossing at the southern end of the Strip.

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