International Financial News

₹5 crore. The four others were Sujoy Das, Nitish Sikand, Krishna Cheemalapati and Suresh Jakhotiya.

Japan is benefiting from India's growth story. Japanese companies and investors are showing heightened interest in India finds an anchor report by Nomura. Japan's FDI in India has been gaining a growing presence, and Japanese investments in foreign equities (as of end-2022) showed India at the top of the list for developing countries although trade ties between Japan and India are currently weak. Japanese individual investors are also investing more aggressively in Indian stocks by way of investment trusts India at the top of the list among emerging market economies, the report said. With the Indian economy maintaining high growth, Japanese corporations are showing more interest regarding investment in India, according to Nomura. “In the ranking of countries seen as promising for the medium term in the Japan Bank for International Cooperation (JBIC)'s FY23 Survey on Overseas Business Operations by Japanese Manufacturing Companies, India took the top spot for a second consecutive year, even as China fell to number three” the report, an collaborative effort by India’s and Japan’s economists and equity strategists.

Economic Club of New York, Dimon highlighted PM Modi's achievements, including the extensive recognition system, widespread banking access, and significant poverty reduction initiatives. Dimon at the event said a lot of US government officials are “fantasizing... how we think they should be running their country".

With a historic round of price cuts this month, Tesla, Li Auto and a host of others have extended China’s monthslong electric-vehicle price war into a new quarter. Some say the fight is just getting started. EV makers in the world’s biggest market for electric and hybrid vehicles have been cutting prices en masse since last year, when slowing sales and rising competition from upstarts forced a rethink of the playing field.

infrastructure today, for a better tomorrow. Resilience needs to be factored into new infrastructure creation. Further, it also needs to be a part of post-disaster rebuilding," PM Modi said on Wednesday at the sixth edition of the International Conference on Disaster Resilient Infrastructure (CDRI).

Asset Management India, its CEO Saurabh Nanavati and four others on Wednesday settled with markets regulator Sebi a case on alleged non-segregation between the mutual fund activities and portfolio management activities of the company after payment of nearly Rs 5 crore. The four others were Sujoy Das, Nitish Sikand, Krishna Cheemalapati and Suresh Jakhotiya. The order came after the six entities filed settlement applications with the Sebi in October 2023, proposing to settle the pending proceedings through a settlement order «without admitting or denying the findings of fact and conclusions of law».

Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets.

The backdrop to these new rules is the spike in complaints during the height of the COVID-19 pandemic in 2020. Complaints related to airlines and ticket agents rejecting or delaying refunds made up 87% of all air travel service complaints during that period. US Transportation Secretary Pete Buttigieg, in a statement, emphasized, “Passengers deserve to get their money back when an airline owes them — without headaches or haggling.” Passengers will be entitled to refunds if there's a «significant change» to their flights. This includes the following scenarios:

HSBC Flash India Composite PMI output index rose to a near 14-year high of 62.2 in April from 61.8 in March. The composite index is a weighted average of manufacturing and services business activity index. A reading above 50 indicates expansion.

Hitachi Energy is looking to open more global capability centers in India to expand local operations, amid growing energy demand and a push to scale up renewable energy generation in the country. Zurich-based Hitachi Energy, which makes transformers and large-scale power transmitters, operates a GCC in the country, where high power demand has led to the government ramping up generation, including in renewable energy. «We are looking at Hyderabad for our GCC… and also looking at Pune. It might take six months to one year,» said Venu Nuguri, the managing director and CEO of the company's India unit.

President Tsai Ing-wen said on Wednesday she was happy the U.S. Congress had passed a sweeping foreign aid package which includes arms support for the island, as China urged Washington to stop selling weapons to Taipei. The United States is Taiwan's most important international backer and arms supplier even in the absence of formal diplomatic ties. China, which views Taiwan as its own territory, has repeatedly demanded arms sales stop. The Senate approved by 79 to 18 four bills passed by the House of Representatives on Saturday, after House Republican leaders abruptly switched course last week and allowed a vote on the $95 billion in mostly military aid for Ukraine, Israel and Taiwan and U.S. partners in the Indo-Pacific.

Sachin Tendulkar birthday: On April 24, 2024, Sachin Tendulkar turned 51. Arguably the greatest batter ever to play the game, Sachin is often called the ‘God of Cricket’. However, the moniker comes from his fans, who also call him ‘Master Blaster’.

A judge says a legal challenge over the British government’s role in allowing weapons to be sent to Israel can be heard at the High Court later this year

An activist group says Google fired at least 20 more workers in the aftermath of protests over technology the company is supplying the Israeli government amid the Gaza war

PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages

GoFundMe is expanding into Mexico, the company announced Tuesday

Bharti Airtel, Goldman Sachs has a neutral rating in Tata Consumer and Investec maintained a buy on Cipla. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Top Events of the Day: India is all set to witness various political, legal, scientific, and financial events including PM Modi's Lok Sabha election campaign in Bhopal, Amit Shah's poll rally in Goa, ISRO's second test flight of Gaganyaan mission, and ED's reply to Arvind Kejriwal's plea today, April 24. Take a look at top events of the day in detail below, - Prime Minister Narendra Modi will address two public rallies in Sagar and Betul Lok Sabha constituencies along with a roadshow in Madhya Pradesh's Bhopal today. - Union Home Minister Amit Shah will hold a public meeting in Chikkamagaluru and participate in Hubballi roadshow.

HSBC is taking its ultra-high-net-worth ambitions to a new level as it plants a flag in the Big Apple.

Brian O'Neil recorded this video while taxiing at Boston Logan International Airport onboard JetBlue Flight 777 to Las Vegas Feb. 8, 2024.

Brickwork Ratings to not onboard clients for six months or until these conditions were met. Nayar has a career spanning over 40 years across sectors including investment, retail, international banking, project finance, and life insurance. Currently, he also serves as the chairman of Reliance Nipppon Life Insurance.