International Financial News

Sony Pictures Networks India (SPNI) said it has acquired New Zealand Cricket (NZC) media rights for the Indian market. The deal is pegged at $90-$100 million (Rs 749-Rs 833 crore), according to industry executives. SPNI, which has been on an acquisition spree in the sports media market and owns media rights to the England and Sri Lanka cricket boards, will broadcast NZC matches on both TV and digital platforms from May 2024 to April 2031. The rights deal includes two India tours to New Zealand, comprising 24 matches across test matches, one-day internationals (ODIs) and T20 internationals. SPNI's head of sports business Rajesh Kaul said the addition of NZC rights will bolster the network's sports portfolio since New Zealand is one of the most respected cricket teams in the world. «Apart from the three cricket boards that we currently have, we are also evaluating a couple of other cricket rights that will become available. We will be prudent while bidding for cricket properties,» Kaul told ET.

₹10 lakh for a 50-acre plot. It has spurred crop diversification via a rice-fallow management approach, wherein farmers cultivate short-duration pulses or nitrogen-fixing crops after their rice harvest. This approach has proven both eco-friendly and economically viable.

Global cryptocurrency exchange KuCoin and two of its founders have been indicted on criminal charges of operating without a license for transmitting money and failing to establish an anti-money laundering (AML) program in accordance with the Bank Secrecy Act (BSA).

NTPC on Tuesday said it has inked a pact with a Japanese agency for sourcing foreign currency loans of USD 200 million (JPY 30 billion or around Rs 1,650 crore)… Japan Bank for International Cooperation (JBIC), a government policy-based financial institution, will provide 60 per cent of the facility amount and the balance amount will be provided by other commercial banks under JBIC guarantee, a statement said. The agreements have been signed for a JPY 15 billion loan each for NTPC Ltd and NTPC Renewables Energy Ltd (NREL), it added. The facility has been extended under JBIC's initiative entitled 'Global action for Reconciling Economic growth and Environment preservation' («GREEN») for projects which ensure the conservation of the global environment…

Aidan Gomez can take some credit for the ‘T’ at the end of ChatGPT

Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show

Japan’s Cabinet has approved a plan to sell future next-generation fighter jets that it’s developing with Britain and Italy to other countries

Vietnamese automaker VinFast plans to sell its electric vehicles in Thailand

Japan’s Cabinet OK’d a plan to sell future next-generation fighter jets to other countries on Tuesday, its latest step away from the pacifist principles the country adopted at the end of World War II

The United States and Cyprus say they’re formalizing their collaboration in fighting money laundering, sanctions evasion and other financial crimes

BENGALURU : Online shopping platform Myntra on Tuesday claimed that it turned operationally profitable in the last quarter of calendar year 2023, attributing it to an expanding customer base, premiumization, collaborations with both domestic and international brands, and advancements in technological integration. Myntra did not disclose specific Ebitda (earnings before interest, taxes, depreciation, and amortization) numbers.

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The Bitcoin Layer2 project BEVM has announced the completion of its seed round, and also a part of its Series A round, raising tens of million USD.

T20 World Cup 2024: Almost three years after he announced his retirement from international cricket, Pakistan's controversial player Mohammad Amir announced his comeback to the game and made himself available for the upcoming T20 World Cup 2024 in the United States and West Indies. The left-arm pacer can be a useful addition to Pakistan's T20 squad and is expected to be summoned for the team's camp. "I still dream of playing for Pakistan! life brings us to the points where at times we have to reconsider our decisions, There have been a few positive discussions between myself and the PCB where they respectfully made me feel that I was needed and can still play for Pakistan after discussing with family and we'll wishers I declare that I am available to be considered for upcoming t20WC," Mohammad Amir said in a post on X.

—Name withheld on request Key legal considerations include understanding inheritance laws, tax regulations, and estate planning structures in both home and host countries. Expatriates should ensure their estate plans comply with local laws regarding asset distribution and taxation to avoid legal complications and maximize the preservation of wealth for beneficiaries. One of the primary legal considerations for expatriates is the recognition and understanding of diverse inheritance laws prevalent in different countries.

2023 was a bad year for Goldman Sachs employees in London.  But it could have been worse. 

Manulife Financial Corp. has struck another deal to offload some of its less-profitable assets, agreeing to reinsure $5.8 billion of Canadian policies with RGA Life Reinsurance Co. of Canada.

Axis Bank has revised its rules regarding airport lounge access of its Burgundy, Delight, Priority, and other debit cards. Further, the bank has also revised BookMyShow offers, reward point rules (EDGE rewards) and a specific feature-related to international usage of its debit cards. According to an email sent by Axis Bank to its customers dated March 21, 2024 «While you continue to make the most of your Axis Bank Debit Card, we would like to update you regarding a few changes to the features on your Debit Card and/or Account with effect from 1st May 2024…» Also read: Axis Bank stops redemption of credit card reward points earned by these customers.

₹692 crore), as per South China Morning Post (SCMP). Despite the brand's success, the younger Zhang grew up in modest surroundings in Pingjiang County, Hunan province in China. He would believe his family was in financial difficulty.

BENGALURU : Warburg Pincus-backed Avanse Financial Services Ltd, a non-banking financial company (NBFC), has raised ₹1,000 crore in equity from Abu Dhabi's Mubadala Investment Co and Avendus PE Investment Advisors, via its fund Avendus Future Leaders Fund II. “The fund infusion will enable Avanse to strengthen its position in the rapidly evolving education financing segment by focusing on creating unique customer experiences and achieving sustained profitable growth," the company said in a statement on Tuesday. Avanse Financial Services, an NBFC focused on education, offers loans to Indian students pursuing higher education both domestically and internationally.

SEOUL/BEIJING (Reuters) — Chinese state-owned planemaker COMAC's first wide-body jet is in its «detailed design stage», an executive said on Tuesday, following a report from the jet's fuselage manufacturer aiming to deliver the first fuselage section by September 2027.