International Financial News

LONDON (Reuters) — Britain has a long way to go for inflation pressures to be consistent with the Bank of England's 2% target, one of the central bank's policymakers, Catherine Mann, said on Monday.

On Sunday, India signed the India-EFTA Trade and Economic Partnership Agreement, our first trade deal with any Western nation or group. It was signed with the European Free Trade Association (EFTA), which comprises Iceland, Liechtenstein, Norway and Switzerland. It’s an innovative and well-balanced pact that covers two-way trade in goods and services as well as bilateral investments.

MUMBAI : British American Tobacco (BAT) Plc is preparing for its long-awaited stake sale in ITC Ltd in the next two weeks, two people aware of the matter said. The British multinational plans to sell 4% in the Indian company at ₹380-390 per share, a 5-8% discount to Monday’s closing price of ₹409, the people said on condition of anonymity. Around 499 million shares worth around ₹20,000 crore (over $2.4 billion) are expected to change hands, in the biggest block deal since 2021 when Bosch Ltd saw block deals of ₹29,000 crore for 19.98 million shares.

Fresh from announcing bonuses, which were down a mere 10% or so according to Bloomberg, Deutsche Bank has promoted a new class of managing directors (MDs).  

The demand for residential real estate has grown exponentially over the last few years. However, the most noteworthy development is the remarkable rise in the number of women who are making a mark in the real estate sector with their visionary approach and strong business acumen. Real estate has undergone a sea of change in the country with changes in gender diversity, putting to rest the earlier norm of real estate being a male-dominated industry.

The Crow Girl,' produced by Buccaneer Media, which had its show 'The Doll Factory' dropped last month.

~ This is in alignment with the brand’s vision of becoming India’s most searched tech enabled loo-discovery mobile app that helps women to locate the nearest clean, safe and hygienic washroom In India when they are on the move ~Woloo aims to onboard 2.5 Lakh (Quarter Million) Woloo assured washrooms in next 3 years providing hygiene dignity to 1 Million users (predominantly women) ~ Woloo is bringing up this issue, because It Matters as the numerous challenges and struggles an Indian woman faces, can only be felt by another woman and Harmanpreet Kaur embodies empowerment, inspiration and strength ~ Ab har din hoga #harwomanday Mumbai…March 8, 2024…Woloo, a pioneering loo discovery tech-enabled platform proudly announces Harmanpreet Kaur, Captain of Indian Women’s Cricket Team & Mumbai Indian IPL team as Brand Ambassador on International Women’s Day to address the critical issue of washroom hygiene for women in India. This partnership endeavours to raise awareness about the significant challenges confronting women due to the lack of timely access to clean and hygienic washroom facilities, which pose various health risks.

UMass Global Online Master of Business Administration (MBA) program in India. With the MBA program, UMass Global extends its legacy of excellence by providing a dynamic platform for Indian professionals to navigate the complexities of the modern business landscape. This program will not only open doors to global opportunities but also empower participants to forge impactful careers on an international scale.The 18-month program distinguishes itself from all other online MBAs in the market as the only US university offering an online MBA at an affordable price, with a strategic focus on bridging the gap in the market.

MUMBAI : Former State Bank of India chairman Rajnish Kumar, who is advisor to edtech firm Byju's, believes that the company's main priority is to reduce cash burn, settle the term loan, and focus on growth. Kumar is also chairman of fintech BharatPe. In an interview with Mint at the Digital Lenders Association of India (DLAI) conclave last week, Kumar laid down the road map for Byju's and said that there is urgent need to sort out governance issues.

Generative artificial intelligence promises to make setting up and integrating new corporate software systems much faster, and the contractors companies typically pay to do the job could see huge efficiency gains. However, some chief information officers fear these contractors, called systems integrators, will see bottom-line savings from tools such as coding assistants—which contractors say can speed up some tasks by 50%—while charging the companies the same rate. “Am I getting those savings? Are they just getting a better market?" said Marc Kermisch, chief digital and information officer at agricultural machinery and construction equipment provider CNH Industrial.

NEW DELHI : The Adani group will bid for the Airports Authority of India’s (AAI’s) stake in only Mumbai airport, and is not a suitor for the state-owned airport operator’s residual share in airports in Delhi, Bengaluru and Hyderabad, Karan Adani, managing director of Adani Ports and Special Economic Zone (APSEZ) said. He added that the group will bid for airports that the government plans to put for auctions. “We will bid for (AAI) airports...

₹43 per metric million British thermal unit (mmbtu) in FY23 to ₹58.6 mmbtu in FY24. Consequently, gas transmission business should make up for almost 50% of the company’s Ebitda in FY24. Ebitda is earnings before interest, tax, depreciation and amortization.

Congress leader Adhir Ranjan Chowdhury on Monday claimed that the Trinamool Congress was in a sorry state of affairs owing to internal squabbles and that was being reflected in its choice of candidates for the 42 Lok Sabha seats in West Bengal. The TMC announced the names of its candidates for all the 42 seats in the state, leaving no constituency for its INDIA bloc alliance partners, at its mega rally in Kolkata on Sunday. «TMC is in a sorry state of affairs owing to internal squabbles,» the West Bengal Pradesh Congress Committee president told reporters at a press conference here. Claiming that Trinamool Congress supremo Mamata Banerjee is «directionless», the leader of the Congress in Lok Sabha said the TMC was having to show off its might through a public meeting which seemed to be more like a corporate show than a political event.

The 401(k) is doing double duty as both a retirement account and a source of emergency funds for more Americans. A record share of 401(k) account holders took early withdrawals from their accounts last year for financial emergencies, according to internal data from Vanguard Group. Overall, 3.6% of its plan participants did so last year, up from 2.8% in 2022 and a prepandemic average of about 2%.

Valtrust. A low correlation between your investments in the various asset classes, ensures that when one asset class experiences volatility or decline, the others remain unaffected or may even perform well, thereby reducing the portfolio's overall risk.

Ola Electric clearly leads India’s electric two-wheeler market. The company accounted for more than 42% of the market in February, having gained the most market share from the previous month (about 277 basis points), according to BNP Paribas Securities India. One basis point is 0.01%.

Gold rate today: Gold price on the Multi Commodity Exchange (MCX) is trading flat in the early morning session as investors are awaiting the release of the US CPI data this week. MCX gold rate today opened flat at ₹66,023 and went on to touch an intraday high of ₹66,049 per 10 gm level. However, the precious yellow metal soon came under selling pressure slipped below the ₹66,000 mark, and made an intraday low of ₹65,938 per 10 gm.

Sona BLW Precision Forgings Ltd.(up 2.73 per cent), TVS Motor Company Ltd.(up 0.91 per cent), Tube Investments of India Ltd.(up 0.33 per cent), Ashok Leyland Ltd.(up 0.21 per cent) and Hero MotoCorp Ltd.(up 0.13 per cent) were among the top gainers.

Pranay Karkale is spending years of savings and $60,000 in student loans to pursue a master’s degree in the United States, yet he considers himself lucky. At home in India, it’s common to hear about families selling off their land to send children to universities overseas. Karkale was willing to do whatever it took once he got into Johns Hopkins University. A degree from a prestigious U.S. college, he believed, would open doors to a better job and higher pay than he would find in India.

Investing.com-- Hong Kong shares of Dongfeng Group (HK:0489) fell sharply on Monday after the Chinese carmaker warned investors that it was likely to clock a loss for 2023 amid weakening vehicle sales and competition from electric vehicles. 

CBSE Class 10 and 12 exams this year, the Class 10 exams will conclude on March 13. For Mathematics (Basic), the paper carries a maximum of 80 marks, divided into various sections including MCQs, Short Answer, Long Answer, and Source-based questions. Students can access sample question papers on cbseacademic.nic.in.