International Financial News

China's insatiable territorial ambitions and blatant disregard for the sovereignty of other nations have become a grave threat to global peace and stability. The country's recent audacious move to assign Mandarin names to 30 locations in the Indian state of Arunachal Pradesh is a stark reminder of its brazen tactics to lay claim to territories beyond its borders. This cartographic aggression is part of Beijing's long-standing strategy to rewrite history and normalize its illegitimate territorial claims. It is the fourth such list of names released since 2017, following Indian Prime Minister Narendra Modi's visit to Arunachal Pradesh in March – a move that prompted China to lodge a baseless diplomatic protest, asserting that the state belongs to them. China's claims over Arunachal Pradesh stem from its belief that the state is part of «Zangnan» or «Southern Tibet,» a region it considers an integral part of its territory. However, this belief is rooted in a flawed understanding of history and a blatant disregard for India's sovereignty.

Germany strongly denied allegations that it was supporting genocide in Gaza by providing Israel with arms, Al Jazeera reported. The International Court of Justice (ICJ) was informed on Tuesday by Tania von Uslar-Gleichen, the legal adviser for the German Foreign Ministry, that Nicaragua's lawsuit was hurried and based on thin evidence, and that it ought to be dismissed for lack of jurisdiction.

Israel carried out a genocide in Gaza, US Secretary of Defence Lloyd Austin said there was no 'evidence' of it. On Tuesday, US Secretary of State Antony Blinken criticised the international community for failing to hold Hamas accountable, while US Defence Secretary Austin denied claims that Israel was committing genocide in Gaza, according to The Times of Israel.

Pakistan on Tuesday named fast bowler Mohammad Amir and all-rounder Imad Wasim in their 17-player Twenty20 squad for their home series against New Zealand, after the duo announced that they were coming out of retirement ahead of the T20 World Cup. Amir, 31, made himself available for the T20 World Cup in March, more than three years after retiring from international cricket. Amir, who was jailed in 2011 for his part in a spot-fixing scandal, served three months in prison and a five-year ban from all forms of cricket before returning to the Pakistan squad in January 2016.

At this year’s China Development Forum (the highest-level annual meeting between senior Chinese policymakers and top CEOs, current and former policymakers, and academics like me), the discussion focused squarely on the risk of China falling into the dreaded ‘middle-income trap.’ After all, few emerging economies have successfully joined the ranks of high-income countries. Will China be an exception to this pattern? Following 30-plus years in which China achieved annual growth rates close to 10%, its economy has slowed sharply this decade. Even last year, with a strong rebound from the “zero-covid" era, officially measured growth was only 5.2%.

India by China does not hold any significance and such an attempt will only harm the relation between the two countries. Recently, China renamed 30 places in Arunachal Pradesh. Addressing an election rally at Namsai under Arunachal East parliamentary constituency, the defence minister asked if India renamed a place in China, would it mean that the place comes under India? Such attempts will only harm the relation between the two countries."

Sunrisers Hyderabad beat Punjab Kings by just 2 runs on Tuesday to register their third victory of the 2024 Indian Premier League (IPL), at Maharaja Yadavindra Singh International Cricket Stadium, Mullanpur, Chandigarh. Chasing 183 runs, PBKS produced some moments of brilliance but failed to get past the finish line. Till the last over, Shashank Singh and Ashutosh Sharma kept Punjab's hopes alive, but in the end, that did not prove enough. Batting first, Sunrisers Hyderabad put up a challenging 182/9 total against Punjab Kings after young Nitish Reddy played magnificently to score 37-ball 64 to lift his team.

Shyam Metalics and Energy Ltd on Tuesday announced that it will invest Rs 650-750 crore in its stainless steel business over the next few years. The company said it will establish a state-of-the-art stainless steel hot rolled coils (HRC) facility at its existing plant in Sambalpur, Odisha. This facility, with a capacity of 0.3 million tonnes per year, will specialise in producing high-quality 200 and 400 series stainless steel hot rolled coils, as stated by the company in a statement. Shyam Metalics emphasised its commitment to leveraging captive raw materials such as direct-reduced iron (DRI), power, and ferro alloys for the project.

NEW DELHI : Baku. Khinaliq. Batumi.

The sudden exit of Royal Bank of Canada’s chief financial officer comes at a “critical juncture” for the lender as it tries to absorb the biggest acquisition in its history, a leading Wall Street analyst says.

Bloomberg report, the Indian stock market is blooming thanks to the foreign funding and Centre's new trade deals. The youthful market of 143 crore Indians is attracting international manufacturing bigwigs, who once clustered around southern China. Aircraft makers such as the Boeing Inc are taking record orders from Indian arlines such as Air India and IndiGo, while the tech gaint Apple Inc is scaling up production of India-made iPhones.

IPL 2024: Twenty-two year old Sri Lankan spinner Vijayakanth Viyaskanth has been chosen to replace Sunrisers Hyderabad legspinner Wanindu Hasaranga. Hasaranga was ruled out of the ongoing Indian Premier League (IPL) 2024 due to chronic heel pain in his left foot, ESPNcricinfo reported on Tuesday. Follow PBKS vs SRH 2024 IPL Live Score here "Wanindu Hasaranga will be unavailable for the season due to injury.

Mint’s query regarding this board meeting. Cut to 2024. There is a sea-change in how employee concerns are now being handled, several people Mint spoke to alleged.

Q4 results preview: From Maruti Suzuki to Grasim, 5 stocks are likely to post 45% rise in YoY net profit According to the brokerage firm report, 2W production to surge 3% quarter-to-quarter (QoQ) (+29% YoY) and PV production by 20% QoQ (+12% YoY). Also, MHCV production may likely improve 4% QoQ (-11% YoY). In 4QFY24, 2W industry volume expanded by ~26% YoY, on the back of consistent demand in domestic market as well as recovery in international markets.

India vs Pakistan clash will take place on June 9 in New York. Earlier, the sources from the Board for Control of Cricket in India (BCCI) claimed that the board was not sure about Virat Kohli's place in the T20 World Cup squad. Virat Kohli plays in the number 3 position, so the board was confused about picking him with younger batters like Shubman Gill and Yashasvi Jaiswal, who have shown better strike rates in recent years.

BENGALURU : Waycool Foods and Products Pvt. Ltd has sought short-term relief on repayments to its debt lenders, marking a turn of fortunes for a company that was in the race to be India's first agritech unicorn. The move comes shortly after the company raised $30 million through convertible notes in an internal funding round, with most of its existing investors participating, two people familiar with the matter told Mint.

MUMBAI : IndusInd International Holdings Ltd, a Mauritius-based investment firm led by the Hinduja brothers, has agreed to acquire a 60% stake in Invesco Asset Management India Ltd to form an asset management joint venture. Other deal terms weren’t disclosed.

The technology provider's ‘Investment Bond Service Review 2024' report noted advisers are recommending bonds after personal pensions and investment ISAs. Just over one third (35%) of advisers said they would recommend onshore bonds next and 19% said they would recommend international bonds. UK investors add more to North American equity funds in Q1 than over last nine years combined Last year's review found advisers were recommending an average of 2.7 different types of bonds in 2022. However, the most recent analysis found that the average fell to 1.4 in 2023. Open architecture...

Flipkart Internet in two tranches on March 23 and April 6, according to filings sourced from the Registrar of Companies (RoC). This is an internal cash transfer and not fresh funding at a parent level. However, this is the second major fund infusion received by Flipkart Internet from its Singapore-based related entities in 2024. On March 4, ET had reported that the company received $111 million.

Kalyan Jewellers India who have seen robust revenue growth in the quarter ended March 2024. In Q4FY24, both Titan Company and Kalyan Jewellers continued to report strong demand prints. The same store sales growth (SSSG) too remained healthy at more than 15% and robust double-digit for Kalyan Jewellers and Titan, respectively.