International Financial News

Marico shares have gained 8% in a month, outperforming the 5% gain in Nifty FMCG index in a choppy environment. The FMCG major is expanding into high-growth segments such as value-added foods, premium personal care, and digital-first brands. It expects a double-digit revenue growth in FY26, driven by healthy volume growth and continued momentum in foods and premium personal care portfolios. The company expects growth to pick up from FY26, driven by stronger urban demand, stable pricing, and momentum in premium personal care, foods, and international markets. While Q3 remained modest, core brands like Parachute and Saffola held firm. Foods and premium segments are projected to grow 20-25% annually. For the domestic business, volume growth in December quarter was 6% vs 2% growth in the year-ago quarter.

As part of the takeover completion, Mouhammed Choukeir has been appointed chief executive of UBP's UK division. UBP acquires Kleinwort Hambros as part of Societe Generale deal He will be in charge of all of UBP's wealth management activities in the UK, Channel Islands and Gibraltar and lead the teams' integration while bringing about a strategy for integrated wealth and asset management solutions for both domestic and international clients. In addition, all UBP teams from London will move into the firm's recently opened office in Marylebone later this year. «Becoming UBP is a fa...

Third-party logistics services provider Om Freight Forwarders Ltd has filed draft papers with capital market regulator Sebi to raise funds through an initial public offering (IPO). The IPO involves a fresh issuance of shares worth Rs 25 crore with an offer for sale of up to 72.50 lakh equity shares by the promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. Proceeds from its fresh issuance to the extent of Rs 16.64 crore will be used funding of the capital expenditure requirements of the company related to the acquisition of commercial vehicles and heavy equipment, and a portion will be utilised for general corporate purposes.

European Union has a «strong plan» to retaliate against tariffs imposed, and set to be imposed, by U.S. President Donald Trump, although it would prefer to negotiate a solution, EU executive chief Ursula von der Leyen said on Tuesday. The Trump administration put in place tariffs on imported steel and aluminium in March and higher duties on cars will take effect on Thursday. Trump will also set out plans for «reciprocal tariffs» on Wednesday. Von der Leyen said she understood U.S. arguments that others had taken advantage of global trade rules, adding the EU had suffered too. She also said she understood the U.S. wanted to re-industrialise, as does the EU. However, she said U.S. tariffs were taxes on its consumers that would fuel inflation and make American factories pay more for components, costing jobs. «Our objective is a negotiated solution. But of course, if need be, we will protect our interests, our people, and our companies,» von der Leyen said in a speech to the European Parliament in Strasbourg.

Election Commission of India (ECI) has concluded its largest-ever engagement drive with political parties, conducting 4,719 meetings nationwide at the levels of Chief Electoral Officers (CEOs), District Election Officers (DEOs), and Electoral Registration Officers (EROs) as of March 31, the apex poll body said. According to a ECI release, these meetings, held over 25 days, included 40 by CEOs, 800 by DEOs, and 3,879 by EROs, engaging over 28,000 representatives from political parties across the country. The meetings were held in accordance with directives issued by Chief Election Commissioner (CEC) Gyanesh Kumar, along with Election Commissioners Dr Sukhbir Singh Sandhu and Dr Vivek Joshi, during the CEOs' conference held between March 4-5 this year at India International Institute of Democracy and Election Management (IIIDEM) in the national capital. The nationwide meeting across these levels aimed at addressing the pending issues within the legal framework of the Representation of the People Acts of 1950 and 1951, the Registration of Electors Rules, 1960, the Conduct of Elections Rules, 1961, and ECI guidelines. State and Union Territory CEOs have been asked to submit action-taken reports, with unresolved issues to be escalated to the Commission for further review, the release said.

Subscribe to enjoy similar stories. Local video streaming platforms focussed on regional languages and niche target audiences are increasingly getting a substantial chunk of their revenue from overseas Indian viewers, in some cases up to 40%.

Gold June futures contracts at MCX rose by Rs 677 to their new all-time high of Rs 90,797 on Tuesday, April 1, amid uncertainties surrounding the trade war. Meanwhile, silver May futures contracts have been volatile, but firmly above the Rs 1 lakh/kg mark. The same opened higher today at Rs 1,00,791/kg, gaining of Rs 726 or 0.73%.

Assam Chief Minister Himanta Biswa Sarma on Tuesday strongly criticised and condemned the remarks made by the Chief Adviser of Bangladesh's interim government, Muhammad Yunus, claiming that Bangladesh is the «only guardian» of the Indian Ocean for the region, as the seven northeastern Indian states are «landlocked». Yunus made these remarks during his four-day visit to China. Taking to the social media platform X, the Assam CM said that the statement was «offensive and strongly condemnable», noting that the region had been under ongoing security risk discourse linked to India's critical 'Chicken's Neck' corridor." Sarma further highlighted historical suggestions by some internal elements in India to sever this critical passageway and isolate the Northeast. «The statement made by Md Younis of Bangladesh so-called interim Government referring to the seven sister states of Northeast India as landlocked and positioning Bangladesh as their guardian of ocean access is offensive and strongly condemnable. This remark underscores the persistent vulnerability narrative associated with India's strategic „Chicken's Neck“ corridor. Historically, even internal elements within India have dangerously suggested severing this critical passageway to isolate the Northeast from the mainland physically,» Sarma said.

HBL Engineering shares will be in focus on Tuesday after the company secured five contracts worth Rs 762.56 crore from Central Railway for the provision of Kavach. With this, the total value of Kavach contracts won by the company this year has reached Rs 3,618 crore.

«An exchange of fire between security forces and terrorists started late last night in the Billawar area of Kathua after security forces launched a massive search and cordon operation in the area,» the Jammu and Kashmir Police said. The security forces have cordoned off the area, and a search operation is currently underway to track down the terrorists. Further details are awaited as the operation continues. On Monday, the security forces intensified their actions against terrorists in Jammu and Kashmir's Kathua. According to Shiv Kumar Sharma, DIG, Jammu-Samba-Kathua range, the operation to track down terrorists in the region is still on, due to which some people have also been detained by the police.

Sunita Williams, whose father hails from India, has returned to Earth after an unexpected 278-day stay aboard the International Space Station (ISS). During her first press conference post-return, Williams and fellow astronaut Butch Wilmore shared insights on everything from their experience in space to the future of Boeing’s Starliner spacecraft. Amid political tension and the public’s curiosity, Williams offered a unique perspective on her journey, expressing deep gratitude for her mission and shedding light on her future plans, including a visit to India.

LPG prices are revised regularly, influenced by fluctuations in global crude oil rates and other economic factors. While commercial LPG rates have seen frequent adjustments, domestic LPG prices—used for household cooking—remain unchanged in this revision, providing stability for residential consumers.

Marco Rubio announced on Monday (local time) the imposition of visa restrictions on Chinese officials responsible for limiting the access of US officials to Tibetan areas. This move is in response to the Chinese Communist Party's (CCP) long-standing refusal to allow US diplomats, journalists, and international observers into Tibet while Chinese officials enjoy unrestricted access to the United States. «Today, I am taking steps to impose additional visa restrictions on Chinese officials determined to be substantially involved in the formulation or execution of policies related to access for foreigners to Tibetan Areas, pursuant to the Reciprocal Access to Tibet Act of 2018,» Rubio said in a statement. «For far too long, the Chinese Communist Party (CCP) has refused to afford US diplomats, journalists, and other international observers access to the Tibet Autonomous Region (TAR) and other Tibetan areas of China, while China's diplomats and journalists enjoy broad access in the United States. US diplomats are also unable to provide services to US citizens traveling in Tibet,» he added. Further, the US urged the CCP to immediately address this issue and allow diplomats and others unrestricted access to TAR.

Thomas Tuchel is worried. Tuchel, the new coach of the England men’s national football team, is concerned that his players will be burned out by the time they arrive in North America next summer for the 2026 World Cup. “I am not so concerned about the number of games the players play in total,” Tuchel said. “I am more concerned that they never have a real break of three to four weeks.” Tuchel is not the first to raise the issue. Last year, FIFPro, the international players union, made its feelings known about the demands placed on athletes in the men’s game, echoing concerns expressed by a range of players — including Kylian Mbappé, Jude Bellingham and Rodri — about the lack of breaks from the physical demands of competitive matches. It will be worse for some than others Take Chelsea striker Nicolas Jackson. He has been out injured since February but is expected to be available again soon. It is unlikely that he will play every game possible and also that Chelsea and his national team, Senegal, will go the distance in every competition they are in, but if they did, he could theoretically be involved in more than 100 matches from now to the end of the 2026 World Cup.

Subscribe to enjoy similar stories. The government’s fresh equity-for-debt in Vodafone Idea is expected to provide the telecom operator with a ₹40,000 crore cash flow relief over the next three years and reduce the operator’s net debt by 18%, analysts said, adding that concerns over the company’s survival remain.

Renault Monday said it will acquire alliance partner Nissan’s stake to fully control manufacturing operations in India run by JV Renault Nissan Automotive India Private Limited (RNAIPL). Renault will acquire the 51% stake in the manufacturing operations currently held by Nissan, post which RNAIPL will become its wholly-owned subsidiary. Nissan will continue to utilise the manufacturing infrastructure, even after it exits the JV company. Renault will contract manufacture existing and new models scheduled to be launched in the country by Nissan over the next two years, both for domestic and exports markets, till the end of life of these vehicles.

NASA astronauts Barry 'Butch' Wilmore and Sunita 'Suni' Williams embarked on what was supposed to be an eight-day journey to the International Space Station (ISS) in June 2024, they had no idea they were signing up for a nearly year-long stay in orbit. Their unexpected extended mission, which stretched into nine months, turned them into unwilling space pioneers, drawing global attention as their return to Earth was repeatedly postponed. As the days turned into weeks and the weeks into months, their prolonged absence became more than just a professional challenge—it became a deeply personal one. And for Wilmore, missing his daughter’s high school year was perhaps the hardest moment since he mentioned it out of all.

Ministry of External Affairs (MEA) on Monday strongly rejected a report published by The New York Times, calling it «factually incorrect and misleading.» Official sources stated that the report misrepresented facts and framed issues to suit a particular political narrative. Responding to allegations concerning Hindustan Aeronautics Limited (HAL), a state-owned defence company, the MEA asserted that HAL has always complied with international rules on strategic trade controls and end-user commitments. «We (Ministry of External Affairs) have seen a report published by The New York Times. The said report is factually incorrect and misleading. It has tried to frame issues and distort facts to suit a political narrative. The Indian entity (Hindustan Aeronautics Limited-HAL) mentioned in the report has scrupulously followed all its international obligations on strategic trade controls and end-user commitments,» MEA sources told news agency ANI. The ministry also highlighted India's strong legal and regulatory framework for strategic trade. It reaffirmed that all Indian companies conducting business overseas are guided by these regulations. «India’s robust legal and regulatory framework on strategic trade continues to guide overseas commercial ventures by its companies. We expect reputed media outlets to undertake basic due diligence while publishing such reports, which obviously was overlooked in the instant case,» sources added.

Sunita Williams and Butch Wilmore, two NASA stuck astronauts onboard the International Space Station (ISS) since June 2024 finally arrived back on Earth earlier this month. The astronauts were stranded in space for more than nine months after the failure of Boeing’s pioneering Starliner capsule scuppered their originally scheduled week-long mission. Now, after coming back to Earth, the astronauts have revealed their first reactions after learning their week-long test flight was about to turn into a nine-month space odyssey.

Subscribe to enjoy similar stories. We’re just stepping into April but several parts of India are already suffering heat waves and abnormally high temperatures. As a result, hydration has become a hot topic earlier than usual.

Global High Wealth unit, has seen a significant 38% loss in its workforce this year. This dramatic reduction follows the Trump administration’s efforts to shrink the federal workforce, according to recent data from the International Consortium of Investigative Journalists (ICIJ). Before these cuts, the office employed 353 people, but now it is down to just 220 employees. This decrease in staff is substantially higher than the overall loss rate at the IRS, which has impacted the unit’s ability to effectively audit the wealthiest Americans.