International Financial News

Bohra Industries Ltd.(up 3.94%), Sikko Industries Ltd.(up 0.93%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.39%), Coromandel International Ltd.(up 0.31%), Madhya Bharat Agro Products Ltd.(up 0.20%) and Rama Phosphates Ltd.(up 0.11%) were among the top gainers.

Sona BLW Precision Forgings Ltd.(up 4.69 per cent), Samvardhana Motherson International Ltd.(up 1.77 per cent), Bosch Ltd.(up 1.39 per cent), Tata Motors Ltd.(up 1.15 per cent) and Bajaj Auto Ltd.(up 0.72 per cent) were among the top gainers.

Q4 Results Today: A total of four companies are scheduled to release their financial results for the fourth quarter of FY24 (Q4FY24) on April 12. Tata Consultancy Services (TCS), Anand Rathi, Metal Forge India, and Milgrey Finance Investments Ltd are the four companies that will release their earnings for the January-March 2024 period on April 12. India Inc.

Vietnam, however, it is rare in financial crime cases and for someone this well known. Lan was involved in the 2011 merger of the troubled Saigon Joint Commercial Bank, or SCB, with two other lenders in a plan coordinated by Vietnam’s central bank. According to the government documents, Lan is accused of using the bank for personal gains, illegally controlling it between 2012 to 2022.

Israel after Hamas launched horrific terror attacks on October 7, 2023, saying the strategic relations between the two nations are widely known. “It's natural and very much appreciated that the Government of India made a statement in support of its strategic partner, Israel. The ties between India and Israel are very strong and will continue," he said as quoted by newswire ANI. He believes that the international community should stand in solidarity with Israel against October 7 attacks and should not leave the country to fend for itself until all contentious issues are resolved and Israeli hostages are released.

Suzuki said authorities were analysing not just recent yen declines but factors that are driving the moves, and repeated that Tokyo stood ready to respond to any excessive currency swings. Suzuki said finance leaders from the Group of 20 major economies, who will meet in Washington D.C. next week on the sidelines of the spring International Monetary Fund (IMF) gatherings, may discuss currency moves as part of topics for debate.

Mint in the week gone by. In a historic milestone, the Indian stock market’s valuation crossed ₹400 trillion, with the last ₹100 trillion coming in a mere nine months. The policy decision made by the oil cartel Opec+ earlier this month has resulted in a surge in international crude prices to their highest level in five months.

India, Daniel Carmon, on Thursday, came out in praise of the Indian government over its support for his country after the horrific terror attacks by Hamas on October 7, last year, saying New Delhi sent out a larder message by putting its weight behind its 'strategic partner'. «The wonderful ties and the strategic relations between India and Israel are well known. And it was only natural and very much appreciated that the government of India made a statement, a very quick one, of support to its strategic partner, Israel. These relations are very strong and will continue,» he said. «The international community should stand in solidarity with us in light of this tragedy (the October 7 attacks) and should not leave us to fend for itself even for a single second until all contentious issues are resolved, and until they (Israeli hostages) are unconditionally and immediately released. India knows a thing or two about terrorism and how to confront it,» he added.

Carnegie Endowment said the US has limited ability to influence the trajectory of emerging powers such as India. In a report released Tuesday, it said besides India, other emerging powers—Argentina, Brazil, Indonesia, Mexico, Nigeria, Saudi Arabia, South Africa, Thailand and Türkiye—have taken stances that contrast or directly clash with US positions on China and Russia over the past few years.

yen after the currency slumped to its weakest level against the dollar since 1990. Following weeks of flirting with the closely watched 152 level versus the greenback, the yen blew straight through this mark on Wednesday and all the way to 153 as US inflation data reverberated through global markets.

The anemic start to the year for sales of nontraded real estate investment trusts is yet another indication of the tough market for commercial real estate investors, which is leading some market participants to expect a reduction in the value of some REITs, particularly the popular net asset value or NAV products.

Canada’s productivity problem has gone from bad to worse, a panel of economists told a conference in Toronto Thursday.

According to data sourced from Prime Database, there are 28 non-India expat CEOs among the 2,521 CEOs cumulatively appointed by 2,048 listed companies at end of FY24. The number of expat CEOs has hovered around the same levels over the past decade with several being individuals of Indian origin. In a country that is a CEO factory for the world, an expat CEO remains an exotic species. India Inc has largely been homogeneous in its C-suite appointments with a clear preference for home-bred desi CEOs. This is due to a variety of reasons such as cost, culture fit, understanding of the market complexities & regulatory systems.

Oakland's airport is considering a name-change to include “San Francisco” to attract more passengers

China has announced rare sanctions against two U.S. defense companies over what it calls their support for arms sales to Taiwan

BALTIMORE—Jonathan Daniels took over this city’s port two months ago with a mandate to expand it. As he looks outside a 20th-floor window, it is clear how much his job has changed. In the distance is the mangled wreckage of the Francis Scott Key Bridge and the 984-foot containership that brought down the span in late March.

₹441, a 7.5% drop from its 10 April closing price of ₹477.70. Systematix Institutional Equities, meanwhile, has a “hold" rating on Wipro with a target of ₹440 per share. The Bengaluru-headquartered company has seen an exodus of top talent, including chief financial officer (CFO) Jatin Dalal, who joined rival Cognizant, and Rajan Kohli, the digital business head, who joined as chief executive officer (CEO) of Citrus Tech last April.

An internal Boeing review found that Chief Executive David Calhoun and other top executives took personal trips worth more than $500,000 on the company’s private jets and other planes that were improperly recorded as business travel. The review and correction, which Boeing disclosed in a securities filing, was prompted by a Wall Street Journal investigation last year into the executives’ use of the company’s fleet of private jets, people familiar with the matter said. Boeing’s review found that some flights by the executives in 2021 and 2022 “were not previously classified as perquisites by the company but should have been classified as such in accordance with SEC rules and guidance," the company said in its proxy filing April 5.

electric vehicle producer in the world and, simultaneously, an also-ran in the race for EVs. How did that happen? As recently as 2016, the US had more EVs on the road than China did. Now China has raced ahead. Despite Tesla Inc.’s pioneering role in bringing electrification into the mainstream, the US EV effort is beset by angst. While sales jumped by 44% last year, that is expected to slow markedly in 2024, with signs of retreat not just in Detroit but at Tesla itself. Tesla briefly lost its crown as the world’s biggest battery EV producer in the fourth-quarter of 2023 to BYD Co. Ltd., and will likely do so again. Chief executive Elon Musk is on record saying that, absent trade barriers, Chinese manufacturers “will pretty much demolish most other car companies in the world.” Tesla’s gigantic valuation these days has more to do with visions of robotaxis rather than EV leadership, per se.

₹2 crore per room, or an estimated ₹400 crore, at least three people aware of the matter said. While a private equity fund has expressed interest, and is willing to pay ₹350 crore for the property, an additional ₹40-50 crore will be required to complete the construction, said two of the three people cited above. The construction is 75% complete, and the hospitality firm expects to finalize the deal within two months, they added.

Goldman Sachs' Chief Strategy Officer Carey Halio will replace Philip Berlinski as its global treasurer, the bank announced in an internal memo seen by Reuters on Thursday. Halio had joined the Wall Street giant as a summer associate in 1999 in the credit risk division. She rejoined the company in the same team in 2000 and became the deputy treasurer of the bank and the chief of Goldman Sachs Bank USA while earning the coveted partner rank in 2016.