International Financial News

video of an Indian student from Hyderabad went viral, where he was seen bleeding profusely. He was beaten and robbed in the US. Following this, US President Joe Biden said that the US administration is working very hard to curb such attacks against international students from India.

Sebi) has imposed a penalty on Nirmala Devi (name changed) and her son Vijay (name changed) for front-runningactivities. The case pertains to the trading activities from July 1, 2021, to June 30, 2022. A Himachal Pradesh resident, Nirmala Devi opened an account with ICICI Bank in February 2020 while her son Vijay was her nominee.

Coinbase Global Inc. (COIN) suffered a setback as a judge denied the company’s motion to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) for violating securities laws.The company's stock dropped as much as 4.8% on Wednesday but eventually gained some lost ground.

BJP’s seventh list of candidates has fielded former Deputy Chief Minister Govind Karjol from Chitradurga, side-stepping both the ticket aspirants from the region – sitting MP and MoS A Narayanaswamy, as well as former MP Janardhana Swamy. Karjol, a close associate of BS Yediyurappa, was the deputy CM during the latter’s government back in 2019. He had contested the assembly polls last May from Mudhol in Bagalkot, but had lost to Congress’ Ramappa Balappa Timmapur. The party’s choice of an outsider for the constituency was a completely unexpected move, given the fierce competition between Narayanaswamy and Janardhana Swamy for the ticket. BJP leader Raghu Chandan – the son of Holalkere MLA M Chandrappa – was lobbying for the ticket as well, and a scuffle had broken out among his supporters when it became known that he would miss the ticket. Given the internal strife in the party over candidate selection, party leaders may have their task cut out for them in trying to soothe the ruffled feathers of the aspirants.

₹9,650 crore and was approved by a majority of the lenders. The plan has to be implemented within 90 days of the date of the order. According to the Irdai letter, during the meeting on 12 December, the administrator was “requested to arrange the details of proposed transferee IIHL, IIHL BFSI (India) and AELLP (Aasia Enterprise LLP)".

President Dr Mohamed Muizzu took office in November 2023. The announcement was made by the Maldives government, stating that the drinking water shipment has successfully reached the archipelago nation. This decision was a result of discussions during the official visit of China's Tibet Autonomous Region's Chairman, Yan Jinhai, to the Maldives, where he met with President Dr Mohamed Muizzu last November, as confirmed by the Ministry of Foreign Affairs.

battalion group of the Indian Army, comprising more than 700 personnel, is taking part in the ongoing bilateral tri-service exercise — 'Tiger Triumph-24' — between India and the US, being held on the Eastern Seaboard, sources said on Wednesday. The exercise from March 18-31 aims at developing interoperability for conducting Humanitarian Assistance and Disaster Relief (HADR) operations and refining SOPs to enable rapid and smooth coordination between the forces of the two countries. The Indian Army's contingent, comprising one battalion group is taking part in the second edition of the tri-service exercise, along with the Indian Navy and the Indian Air Force, sources in the defence establishment said. The 14-day exercise is being conducted in two phases with a harbour phase at Visakhapatnam followed by a sea phase at Kakinada.

BEIJING — U.S. business leaders met with Chinese President Xi Jinping on Wednesday, the latest of Beijing's efforts to bolster foreign investment in China amid tensions with the U.S.

Charles III is set to return to public duties on Sunday as he is scheduled to attend an Easter service at the chapel at Windsor Castle with Queen Camilla. This appearance would be his first major event since he was diagnosed with cancer last month. However, Prince William and his wife Kate Middleton are not expected to attend the event, amid Catherine’s—Princess of Wales—cancer diagnosis and treatment.

SRH vs MI IPL 2024 Live Score: Hardik Pandya led Mumbai Indians and Pat Cummins led Sunrisers Hyderabad will face off at the Rajiv Gandhi International Stadium in Hyderabad today. Both these teams had lost their opening games to Gujarat Titans and Kolkata Knight Riders respectively and woud be aiming to get on the winning track.

Cipla, SBI, and Vedanta are among 25 stocks that will be eligible for the T+0 settlement cycle from March 28. Stock exchange BSE has released a list of these 25 stocks that will be eligible for the shortened settlement cycle from tomorrow.

tech boom was a time of groundbreaking innovation, from which India emerged not merely as a participant but as a key driver, attracting multinational corporations with its robust information technology outsourcing capabilities. This era showcased India's growing IT prowess, characterised by innovation, efficiency, and a subsequent economic surge. A similar scenario is unfolding today, albeit with a different focus.

JioCinema, owned by Viacom18, has made a strong start to the latest edition of Indian Premier League (IPL), clocking nearly 200 million viewers in the first six matches of the Twenty20 cricket tournament which began on March 22, people familiar with the development told ET. The platform, which garnered 449 million viewers during the IPL 2023 season, has set an internal target of 650 million viewers for the IPL 2024. One of the persons said the platform has found strong adoption by viewers on both mobile and connected TV (CTV). JioCinema has gained significant popularity on CTV, with a household reach of 18–20 million, the person added.

Hemang Jani, Independent Market Expert, says “InterGlobe is in a position that HDFC Bank probably was in maybe 8-10 years back where people questioned the valuations but the company kept on delivering and it became one of the best wealth creation stories. Of course, what happened in the last two years is a different story, but given the positioning that InterGlobe has and the way they have managed the volatility in the crude oil price, the way they have managed to grab the international routes and the market share trend, there is a long way to go.”

SINGAPORE—Netflix’s newest high-powered sci-fi drama, “3 Body Problem," is one of the biggest cultural events to come out of China in years. After watching it, many in China say they wish the producers of the show had taken their country out of it entirely. “3 Body Problem" is the long-awaited adaptation of a critically acclaimed series of science-fiction novels by Chinese writer Liu Cixin.

₹6,341.90 apiece after the global brokerage firm UBS in its latest report lifted the target price on the stock to ₹7,550 apiece from an earlier price target of ₹5,380, citing a high double-digit growth across domestic and export orders from motion and low-voltage EP segments with a steady ramp-up in OPMs. It expects order inflow growth of 23% during 2023–26E, with revenue growth of around 21% on a 23% earnings CAGR.

(This story originally appeared in on Mar 27, 2024)

telecom companies how they handled the SolarWinds cyber attack in 2020, Bloomberg News reported on Tuesday, citing people familiar with the matter. The hack of information technology company SolarWinds, one of the broadest and most sophisticated cyber attacks in the United States, was identified in December 2020 and gave away access to thousands of companies and government offices that used its products.

MUMBAI : After its merger plans with Zee Entertainment Enterprises Ltd unravelled, Sony Pictures Networks India (SPNI) is quietly taking steps to fortify its sports content offerings. In a strategic move, SPNI has secured exclusive rights to broadcast and stream all New Zealand Cricket (NZC) home series, featuring the men’s (Blackcaps) as well as women’s (White Ferns) matches, in India and associated territories for the next seven years.

foreign direct investment (FDI) inflow into the information and broadcasting (I&B) sector, including print media, dropped 78% to ₹332 crore during Q3 of FY24 compared with ₹1,535 crore in the corresponding period last year. According to data published by the Department for Promotion of Industry and Internal Trade (DPIIT), the sector received FDI worth ₹6,390 crore in the first nine months of FY24, compared to ₹2,925 crore in the same period in FY23. The FDI inflow into the sector stood at ₹4,893 crore and ₹1,165 crore in Q1 and Q2 of FY24, respectively.

Indian lenders and Russia's Gazprombank have held exploratory talks over setting up correspondent banking services to facilitate cross-border payments and support international trade, according to a senior bank executive.Gazprombank representatives met some Indian bankers last month to discuss the proposal, the executive told ET. Correspondent banking involves contractual relationships between banks to provide reciprocal payment services. The establishment of such a facility with Indian lenders would help traders skirt some of the payment-related problems that have arisen after the US and its allies imposed sanctions on Russia for its invasion of Ukraine. «These are early-stage discussions, and both countries are looking at exploring measures to further strengthen banking ties,» the executive said.