International Financial News

Explosives Bill, 2024 in place of the Explosives Act, 1884 which it seeks to repeal. In a note for public consultation, the Department for Promotion of Industry and Internal Trade (DPIIT) has sought to increase fines for violation of provisions and further streamline the process of grant of licences. Explosives include gunpowder, nitoglycerine, nitroglycol, di-nitro-toluene, and picricacid. As per the proposed Explosive Bill 2024 bill, the Central Government shall prescribe the authority competent to grant, suspend or revoke a licence and to perform certain other functions under the new Act.

Nations have made progress on a treaty to end plastic pollution at talks that have concluded in Canada

HSBC, Europe’s largest bank, says that CEO Noel Quinn plans to retire after serving nearly five years in the post

Energy and environment ministers of the Group of Seven leading industrialized nations have committed to phase out coal power by 2035

The IMF says it will immediately release the final $1.1 billion tranche of a $3 billion bailout to Pakistan

IndiGo makes long-haul foray, orders 30 wide-body aircraft "There is a linear decline in market share of Indian carriers in international markets beyond 5-6 hours. Indian carriers are signifiantly under-represented in wide-body, long-haul market. We should be able to compete with global aviation hubs," Elbers said in a conference call with analysts and journalists.

The decision was taken on Tuesday at the 205th meeting of the Sebi board held in Mumbai. Under the mechanism, the AMCs will be required to ensure enhanced surveillance systems, internal control procedures and escalation processes to identify, monitor and address specific types of misconduct, including front-running, insider trading and misuse of sensitive information, among other things.

International Labour Day, observed annually on May 1st, is a global tribute to the invaluable contributions of workers and the ongoing struggles of the working class. Originating from the late nineteenth-century labour movement, this day, also known as May Day, commemorates the historic fight for improved working conditions and fair treatment. International Labour Day 2024: History The roots of International Labour Day trace back to a pivotal event in American history. In 1886, workers rallied for the establishment of an eight-hour workday, culminating in a massive demonstration. However, tensions flared in Chicago, leading to the tragic 'Haymarket Affair,' which ultimately became the catalyst for the inception of International Labour Day.

Cricket in India (BCCI) has announced India's 15-member squad for the ICC Men's T20 World Cup 2024, to be held in the West Indies and USA from June 1. Rohit Sharma will lead, with Hardik Pandya as deputy. Sanju Samson will support Pant as the second wicketkeeper-batsman… Pant returns after 16 months post a car crash in 2022. India opted for four spinners — Ravindra Jadeja, Axar Patel, Kuldeep Yadav, and Yuzvendra Chahal. The pace attack, led by Jasprit Bumrah, features Arshdeep Singh and Mohammed Siraj. Hardik Pandya and Shivam Dube offer seam-bowling options. Sanju Samson secured a spot, while KL Rahul and Rinku Singh missed out. Shubman Gill, Rinku Singh, Khaleel Ahmed, and Avesh Khan are named reserves. India's campaign begins against Ireland on June 5 at Nassau County International Cricket Stadium, New York, followed by a highly anticipated clash against Pakistan on June 9. They will also face USA and Canada on June 12 and 15 respectively. India, placed in Group A with Pakistan, Ireland, Canada, and co-hosts USA, aims for a strong start against Ireland before the crucial match against Pakistan.

Influencer marketing company vHub.ai has raised an undisclosed funding in a seed round from a clutch of investors including Z21 Ventures and Start Up India Seed Fund Scheme. Several existing early-stage angel investors whosupported Vhub’s initial launch and development phaseshave also participated in the round.

Sikko Industries Ltd.(up 4.33%), Bohra Industries Ltd.(up 2.43%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 0.86%), Aries Agro Ltd.(up 0.48%) and Coromandel International Ltd.(up 0.33%) stood among the top gainers.

Dinosaurs were «more like smart giant crocodiles» but not as intelligent as monkeys as an earlier study had found, according to new research. In a study published in January 2023, neuroscientist and author Suzana Herculano-Houzel of Vanderbilt University, US, had said that brains of theropod dinosaurs, a species of which is T. rex, had neurons comparable to those in the brains of monkeys and baboons. Dinosaurs like T. rex, or Tyrannosaurus rex, had an exceptionally high number of neurons, «which would make these animals not only giant but also long-lived and endowed with flexible cognition, and thus even more magnificent predators than previously thought,» the author wrote in the study published in the Journal of Comparative Neurology. In the latest research, an international team of palaeontologists, behavioural scientists and neurologists re-examined the brains of dinosaurs, including T. rex, and found them to behave more like reptiles.

HSBC Holdings Plc’s Chief Executive Officer Noel Quinn is stepping down, an unexpected move that comes as Europe’s largest lender tries to navigate the deterioration of ties between China and the US.

Experts warn that Venezuela’s likely shift towards digital currency necessitates stricter regulations.

Also read: India's oil imports from Russia drops 19% in February, Saudi Arabia 2nd largest supplier According to an ICRA report based on data from the ministry of commerce and industry, the value of India's oil imports fell by 15.2% year-on-year to $162.4 billion during April-February of FY24. This decrease could be attributed to a combination of factors, including a reduction in international crude oil prices and savings from the purchase of discounted Russian crude oil.

Canada and Argentina branches, ANI reported.HSBC’s Hong Kong-listed shares rose nearly 1.5 per cent in afternoon trade Tuesday, while its London-listed stock increased by 2.5 per cent in early trading, Financial Times reported.The search for Quinn’s successor is underway, with the bank considering both internal and external candidates. Quinn, 62, who also steered the banks shift in focus to Asia, will remain in his role to oversee the transition until a new CEO is appointed.

International news in India at the beginning of 2024 was dominated by a publicized phase of diplomatic tension between India and the Maldives following Prime Minister Narendra Modi’s visit to the Union territory of Lakshadweep. This was followed by an order by the government of Maldives asking Indian troops to leave the archipelago nation. However, this wasn’t the first time the relationship between the Maldives and India has been disturbed.

Humza Yousaf has stepped down from his roles as leader of the Scottish National Party (SNP) and Scotland's first minister, marking a significant development in Scottish politics, Al Jazeera reported. Yousaf's resignation follows the recent dissolution of the SNP's coalition with the Scottish Greens, a decision that sparked two no-confidence motions from opposition parties, putting Yousaf's leadership in jeopardy.

international students in Canada will face a new limit on off-campus work hours during the academic year. Immigration Minister Marc Miller announced that temporary measures allowing international students to work unlimited hours while class is in session will not be renewed. “Working off campus helps international students gain work experience and offset some of their expenses. As international students arrive in Canada, we want them to be prepared for life here and have the support they need to succeed. However, first and foremost, people coming to Canada as students must be here to study, not work. We will continue working to protect the integrity of our student program,” Marc Miller, Minister of Immigration, Refugees and Citizenship, said. Want to know if you qualify for immigration? Click here In October 2022, Immigration, Refugees and Citizenship Canada (IRCC) had temporarily allowed international students with off-campus work authorization on their study permits to work more than 20 hours per week while attending classes. This change was introduced to help ease financial burdens and provide additional work opportunities during the pandemic.

Bharatiya Janata Party (BJP) and its allies have emerged victorious on more than 100 seats in the crucial first two phases of the elections held this month. "Two phases of seven-phased Lok Sabha elections have been completed. As per the internal assessment of these two phases, the BJP and its allies are way ahead on 100 seats," Amit Shah told reporters in Guwahati.