International Financial News

Iraq at a military base in Syria housing a US-led coalition, according to Iraqi security forces. In response, the Iraqi forces launched a major search operation in northern Nineveh province and found the vehicle used in the attack, they said in a statement. It is the first major attack against the coalition forces in several weeks.

Spacetech startup Dhruva Space has raised $9.4 million (Rs 78 crore) in a mix of equity and debt from IAN Alpha Fund, Technology Development Board and other existing investors in its latest funding round. The capital infusion, of which Rs 44 crore was in debt, will help the Hyderabad-based startup set up its first phase of its 2.8 lakh sq ft spacecraft manufacturing facility in the city, founder and CEO Sanjay Nekkanti told ET.

NEW DELHI : New Delhi: International crude oil prices fell on Monday amid global growth concerns and improving crude inventory in the US. It also helped that Israel's retaliatory attack on Iran was smaller than had been feared. At 10.32 am, the June contract of Brent on the Intercontinental Exchange was trading at $86.50 per barrel, lower by 0.90% from its previous close.

A leading fashion designer whose accessories were used by celebrities from Britney Spears to the cast of the “Sex and the City” TV series was sentenced Monday to 18 months in prison after pleading guilty in Miami federal court to charges of smuggling c...

Hanuman Jayanti. In a post on X, PM Modi said, “I extend my best wishes to my family members across the country on Hanuman Jayanti. The dedication of Pavanputra will always remain an inspiration for all Ram bhakts.

“Civil War,” Alex Garland’s ominous American dystopia, remained the top film in theaters in its second week of release

Economic Times. In this plan, Varun Jaipuria would take over the mantle of the food and beverage division, whereas Devyani Jaipuria would head the health and education sectors.

An artisan roastery based in the Finnish capital has introduced a coffee blend that has been developed by artificial intelligence in a trial in which it’s hoped that technology can ease the workload in a sector that traditionally prides itself on manua...

Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies. Other big players across sectors, like HUL, Indian Hotels, OFSS, Bajaj Finance among others will be seen reporting their results.

Chile is tentatively moving toward the launch of a CBDC, with the public seemingly firmly behind the central bank’s plans.

MUMBAI : Adani Green Energy Ltd is close to raising $400-500 million from at least two Europe-based funds, two people aware of the deal said. Billionaire Gautam Adani's family members and associates hold 53.67% in Adani Green Energy, the group's second-largest subsidiary with a market value of over ₹2.8 trillion. The company will need to sell new shares worth about 1.5% stake to raise the amount, going by its current market price.

Finland’s Tax authority has found profits from sales of unreported crypto gains in 2023, amounting to  €30 Million ($31.9 million). As a result, the EU nation has mandated reporting of income from the sale of mining digital assets.

sports film, 'Challengers' will be the second Zendaya- starrer to be released this year after 'Dune: Part Two.' Besides being a film by Guadagnino and a starring role for Zendaya, its romance storyline makes it one of the most anticipated movies of 2024. The film revolves around Zendaya's character, Tashi, a former tennis sensation who is caught in a complex love triangle with two other male tennis players, played by Mike Faist and Josh O'Connor.

underworld don Chhota Rajan has emerged after nine years, showcasing him in a robust state, reported TOI on Monday. The recent revelation dispelled speculations surrounding his alleged demise during the Covid pandemic or concerns about his health. However, its release has reignited apprehensions of potential attacks on him while incarcerated, prompting heightened vigilance from intelligence agencies. Rajan, presently confined in a high-security cell within Tihar Jail's Jail No. 2, faces looming threats from underworld figures Dawood Ibrahim and Chhota Shakeel. The latter has recurrently issued threats of harm against him while in jail, as per a TOI report.

climate activists have increasingly turned to courts to precipitate climate action. They want recognition of climate action as intrinsic as safeguarding constitutional and human rights. Starting with courts in the Netherlands, Australia, the US and Germany, and, more recently, European Court of Human Rights (ECtHR) and India’s Supreme Court — in its recent decision to include the adverse impact of climate change as a part of fundamental rights — judicial verdicts have held that governments are dutybound to enact and enforce suitable laws to protect present and future generations from the adverse effects of climate change. Citizen-led judicial activism, particularly from vulnerable and interest groups, reflects a rising public consciousness that governments’ failure to take timely and resolute climate action is a human rights issue. With constitutional courts upholding this position, climate action by the state is no longer a choice but an imperative.

AI Treasure Chest" is described as a comprehensive collection of numerous AI features meticulously crafted to elevate the user experience across the Xiaomi 14 series. Among these anticipated functionalities is the intriguing "AI Surprise Wallpaper," speculated to roll out imminently. Moreover, the report reveals that the internal testing phase commenced on April 18 and is slated to run through August 2.

Top Events of the Day: Prime Minister Narendra Modi has intensified his campaign trail, hitting the stages in Jalore and Banswara, stirring the political atmosphere as the Lok Sabha elections heat up. Simultaneously, academic and career aspirations will peak as thousands download their admit cards for the UPSC CDS-1 Exam set for today.

ethnic wear brand Indifusion, which it had acquired three years ago, amid mounting losses and falling demand. The move also signals a larger slowdown trend in the overall ethnic wear segment since last year, said retailers and mall owners. Bestseller said the brand's sales did not meet expectations or ambitions and, therefore, they decided to make strategic adjustments and realign its focus. Bestseller, known for its western casual brands such as Jack and Jones and Vero Moda, purchased Indifusion in a distress sale during the peak of the pandemic but had no prior experience in operating an Indian wear label. «For a western brand company, understanding the Indian wear segment is challenging and time consuming too. Also, there has been a general slowdown in the discretionary segment including apparel, which worsened its revival plan,» said an industry executive. Over the past two decades, a shift from ready-to-stitch clothing to ready-to-wear along with the entry of national players like BIBA, W, AND, and Global Desi has propelled the growth in branded apparel helped by a significant shift away from traditional sarees towards ethnic wear and western wear. In India, ethnic wear is the single biggest category in the women's wear segment with a share of 71% despite global fashion brands such as Zara, H&M and Uniqlo pushing westernised clothing in their market.

quarter ended March 2024 on account of increased income. It had reported a net loss of Rs 421.11 crore in the January-March period of preceding 2022-23 financial year, the company said in an exchange filing on Saturday. For the whole FY24, the company reported narrowing of its net loss to Rs 210.79 crore from Rs 1,174.96 crore net loss recorded in FY23.

The man who will run this year’s United Nations climate talks in November views the upcoming negotiations as a key link in international efforts to curb worsening global warming — if they can be successful

«It’s #SuperSaturday at the Consulate! Hyderabad’s Consulate Team opened its doors on the weekend to help meet demand for visitor visas. 1500 applicants had their visa interviews today and will travel to the U.S. for business, tourism, or to visit family members! #USIndiaFWD,» US Consulate General Hyderabad announced in a post on X.