International Financial News

₹1,000 crore in the fiscal year 2024-25. This decision comes alongside the brand's expansion into international markets and the exploration of new product categories, Varun Gupta, one of its co-founders, told news agency PTI in an interview. Gupta further revealed the details about his vision to make the Indian company global, listing out the homegrown brand, and his ambitious targets for this fiscal year.

Adani Enterprises, Tata Chemicals, Dabur India, Titan, Ultratech, Indian Oil Corporation and others. Also read: Tesla CEO Elon Musk's unannounced Beijing visit targets FSD approval, international data collaboration The forthcoming announcements are anticipated to encompass a wide array of industries, providing insights into the broader economic landscape.

NEW DELHI : Indian hotel companies booked record profits in the just concluded financial year riding the long tail of revenge tourism. But this summer’s delivered a reality check. Large hotel chains including Hyatt, Marriott and Taj face a double whammy this year as they navigate a scorching summer as well as seasonal lulls amid the ongoing Lok Sabha election.

Mint. The partnership could be in the form of a memorandum of understanding, similar to the one Bharat 6G signed with the US last September. One of the sources said Bharat 6G and Industry Alliance 6G would sign an agreement soon.

BEIJING—In 2019, a little-known Chinese carmaker named Zhido went bust after Beijing cut subsidies for the tiny electric cars it made, crushing its sales. Now it is back. Earlier this month, the company released a boxy new mini-electric vehicle called “Caihong," or “Rainbow" in Chinese, which comes in seven pastel colors—including “Mint Mambo"—and has a starting price equivalent to around $4,400.

AdaniConneX, a 50:50 joint venture between AdEnterprises and EdgeConneX, has established India's largest sustainability linked financing to raise up to USD 1.44 billion. In a press release on Sunday, AdaniConnex said the financing has an initial commitment of USD 875 million, with a feature to extend commitment up to USD 1.44 billion. The transaction takes AdaniConneX's construction financing pool to USD 1.65 billion, building on the maiden construction facility of USD 213 million executed in June 2023.

Antony Blinken that they do not find «credible or reliable» Israel's assurances that it is using U.S.-supplied weapons in accordance with international humanitarian law, according to an internal State Department memo reviewed by Reuters. Other officials upheld support for Israel's representation.

Iraq's conservative society, however there had not previously been a law that explicitly punished same-sex relations. Members of Iraq's LGBTQ community have been prosecuted for sodomy or under vague morality and anti-prostitution clauses in Iraq's penal code.

Mattala Rajapaksa International Airport for 30 years. The airport is near Hambantota, where China operates a port on lease. The airport, built at a cost of $209 million, was once dubbed the «world's emptiest airport» because of a lack of flights. It is strategically located close to the Hambantota port on the southern coast of Sri Lanka.

International Olympic Committee (IOC) distanced himself from a taboo-busting move from World Athletics' governing body to offer prize money to gold medallists at this year's Paris Olympics. World Athletics president Sebastian Coe's announcement earlier this month that track and field winners at the Paris Games will receive $50,000 (47,000 euros) has sparked mixed reactions. No other sports federation pays prize money at the Olympics.

Executive search firms say about 30-50% of their CXO searches in the last six to 18 months have been looking at potential global candidates, up from about 10-15% a few years ago. There is a preference for returning Indians fuelled by a push from companies and boards amid an increasing need for professionals with a keen knowledge and understanding of global markets. An acute demandsupply mismatch in the leadership talent market and the need to hire for specialist roles in high-tech manufacturing, automotive, electric vehicles (EVs), pharmaceuticals, chemicals, hardcore product engineering and services industries have underscored the trend, said experts. “About one in three leadership searches that we conduct today are global, not limited to India, reaching out to people in Singapore, US, Canada, London, and Middle East, showing the rising demand for the global talent pool of Indians,” said Puneet Pratap Singh, partner-in-charge at Heidrick & Struggles India.

₹6,995 per barrel on the multi commodity exchange (MCX). Also Read: US Q1 GDP: At 1.6%, US economy grows at slowest pace in 2 years, misses estimates on sharp uptick in core inflation -Benjamin Netanyahu, Israel's prime minister, said that any rulings by the International Criminal Court, which is investigating Hamas' attacks on Israel and the military assault, would not affect Israel's next actions, but would ‘’set a dangerous precedent.'' -Israel's military said that its air force struck in Lebanon's West Beqaa District and killed a militant who advanced attacks against Israel. Israel stepped up air strikes on Rafah after saying it would evacuate civilians from city in southern Gaza and launch an all-out assault despite allies' warnings that doing so could cause mass casualties.

Becoming Karl Lagerfeld,' a French TV series exploring the early years of the iconic fashion designer Karl Lagerfeld. Starring Daniel Brühl, the show is set to premiere on June 7, 2024, offering a glimpse into Lagerfeld's journey to fashion stardom.

unidentified caller after the Mumbai airport received a hoax bomb call, warning of an explosive in Terminal 1, police said on Saturday. Sharing details, the Mumbai police said, «A female employee working at Mumbai International Airport Limited (MIAL) at Chhatrapati Shivaji Maharaj International Airport Terminal-1 received a call from an unknown number about the bomb threat.» «The caller said that there was a bomb in Terminal 1 of Mumbai Airport, after which the information was given to the Bomb Squad and the local police. Following this, the officials reached the spot and started an investigation,» said the police.

DC vs MI IPL 2024: Arun Jaitley Stadium, Delhi, witnessed a lot of fireworks on Saturday as Delhi Capitals batters punished Mumbai Indians left, right and centre. DC opener Jake Fraser-McGurk and Abhishek Porel gave their team a dream start, and the home team began with a 114-run opening partnership. Hardik Pandya, who suffered from poor form in IPL 2024, leaked 41 runs in just two overs and was losing his cool at different points in the match.

DC vs MI IPL 2024: Hardik Pandya continue to struggle with poor form in IPL 2024, as he leaked 41 runs in two overs against Delhi Capitals. As the T20 World Cup 2024 squad selection draws closer, veteran pacer Irfan Pathan shared a strong message for Hardik Pandya, saying that the all-rounder must make some impact and play throughout the year. Irfan Pathan, who has criticised Mumbai Indians approach in IPL 2024, said that Indian cricket should not give that much priority to Hardik Pandya as he hasn't made much impact at the international level.

₹300 crore after busting a busts "whole network of clandestine Mephedrone manufacturing labs" in Gujarat and Rajasthan. Deputy Director General (OEC) Gyaneshwar Singh said in a press release on Saturday that a joint team of the NCB and Gujarat Anti-Terrorist Squad (ATS) conducted raids at three “suspected locations" – Bhinmal in Jalore district of Rajasthan, Osian in Jodhpur, Rajasthan, and Gandhinagar in Gujarat. They recovered 149 kg mephedrone (in powder and liquid form), 50kg Ephedrine and 200 litres Acetone.

₹8,330 (equivalent to $100, at ₹83.3 per US dollar) to invest. If you invested in India and assumed a 15% CAGR over five years, your investment would have grown to ₹16,755. Now, let’s assume that the international investment also delivered a similar return.

smuggling, security officials have recovered gold of over 2 kgs from two airline passengers. In the first instance, officers from the Air Intelligence Unit (AIU) at Tiruchirappalli airport in Tamil Nadu seized 977 grams of 24K gold valued at Rs 70.58 lakh from a passenger who had come from Dubai. Authorities reported that the gold was hidden in three packets with 1081 grams of paste-like material inside the passenger's rectum. The passenger was traveling from Dubai to Trichy on the Air India Express. They have been detained, and additional investigation is currently in progress.

Saudi Arabia has announced that persons with any type of visa are now eligible to perform Umrah, or minor pilgrimage at the Grand Mosque in Makkah. Saudi Ministry of Haj and Umrah said, “Visitors can effortlessly perform Umrah from any location and with any entry visa, ensuring ease and peace of mind.” The ministry added that all visa holders, including personal, family, transit, labor, and e-visas, are permitted to participate in Umrah rituals.

Markets always tend to climb a wall of worry. And in 2024, investors are grappling with abundant worries. Alongside the looming elections, they now must contend with a fresh geopolitical outbreak in the Middle East. Despite this, most international markets are trading within 5% of their all-time highs. Recent weeks have been dominated by news of strife and armed conflicts. This has led to jitters in foreign flows into Asian equities, impacting India as well. Approximately Rs 25,000 crore has been pulled out by foreign institutional investors from Indian equity markets in April so far.