International Financial News

Wrestling Federation of India (WFI), which has been placed under suspension by the Centre, told the Delhi High Court on Thursday it will withdraw its circular on conducting selection trials for the Senior Asian Wrestling Championships 2024 and Asian Olympic Games Qualifier Wrestling Tournament. Taking note of the statement made by WFI's counsel, Justice Sachin Datta said the trials shall proceed as per the circular issued by the ad-hoc committee supervising the affairs of the Wrestling Federation of India. The ad-hoc committee of the WFI had issued a press release on February 9 saying it will hold the trials for the Asian Olympic Qualifiers (April 19-21) and World Olympic Qualifiers (May 9-12) on March 10 and 11 at Netaji Subhas National Institute of Sports, Patiala and Sports Authority of India (SAI) complex in Sonipat.

Infosys has reasoned higher exposure to digital business as the key reason for the moderate growth in revenue over the nine-month period ending December in the current fiscal year, as per a research note by Nomura Holdings. “Infosys management believes its higher exposure to discretionary work (digital business, which formed ~65% of revenue) has been a key reason behind tepid revenue growth in the current environment,” said a Global Markets Research report on Infosys by Nomura.

NEW YORK (Reuters) — The International Monetary Fund said it is important to secure additional social assistance for Argentines amid a government push for economic reforms, and preserve the value of pensions.

Vedanta announced on Thursday, March 7, that it has received an administrative warning from capital markets regulator Securities and Exchange Board of India (SEBI) for "publishing information related to its unlisted ultimate holding company". In an exchange filing, Vedanta said it received a letter from NSE on March 6, 2024, issued by SEBI vide which an administrative warning has been issued to the metals-to-mining conglomerate.

₹528.97 crore for the next two financial years (to FY26), a senior government official said. The scheme is aimed at supporting the development of improved varieties of tea to increase production and quality. India is the largest producer of black tea and the third-largest tea exporter, but exports dipped by more than 4% to $673 million during April-January this fiscal.

continuation of a targeted subsidy of ₹300 per 14.2 kg cylinder for up to 12 refills per year. Beneficiaries can avail of this scheme starting April 1, 2024, till March 31, 2025. "The total expenditure for this will be ₹12,000 crores," said Piyush Goyal.

Bitcoin’s infamous “Kimchi premium” has made a comeback, with the cryptocurrency commanding an average 10% price premium in South Korea compared to global exchanges. 

A Montenegrin court has ruled that cryptocurrency mogul Do Kwon should be handed over to his native South Korea, the latest twist in the months-long legal procedure that followed the arrest of the Terraform Labs founder in the Balkan nation last year

Hamas says negotiations over a Gaza cease-fire and the release of more Israeli hostages will resume next week, after a delegation of the Palestinian militant group left Cairo

Federal airport security officials have unveiled a passenger self-screening checkpoint at Harry Reid International Airport in Las Vegas that they plan to test this year before beginning to use it around the country

Indian Banks' profitability will remain at healthy levels despite slight moderation on account of declines in net interest margins (NIMs) according to global ratings firm Moody’s. Also, higher risk weights for exposures to non-bank finance companies (NBFCs) and unsecured retail loans will result in a slight moderation in banks' capital ratios. But their capitalization will still remain strong, it said. NIMs will decline marginally as banks reprice maturing deposits at higher rates to fully reflect previous increases in interest rates. A slowdown of growth in higher-yielding loans after the Reserve Bank of India (RBI) increased risk weights for riskier loans to NBFCs and unsecured retail loans will also contribute to falls in NIMs, the ratings firm said.

Women in India are taking charge of their financial destiny by exploring investment opportunities like stock market diversification and real estate. They are also delving into alternative investments to diversify portfolios and potentially earn higher returns.

Financial success looks different for everyone. Even as you work towards career growth and boosting your earnings, it’s important to focus on managing your personal finances and making the most of what you have. Here are 7 practices that have worked well for me:

₹99,999. Additionally, Xiaomi is introducing a special Xiaomi 14 Ultra Reserve Edition, available for reservations at ₹9,999 starting March 11. The Xiaomi 14, equipped with 12GB RAM and 256GB storage, will be available for purchase at ₹69,999 through various channels including Amazon.in, Flipkart, mi.com, and Xiaomi retail stores.

Narendra Modi will present the first-ever National Creators Award at the Bharat Mandapam on Friday. The award aims to recognise excellence and impact across domains, including storytelling, social change advocacy, environmental sustainability, travel, technology, education and gaming, the Prime Minister's Office (PMO) said in a statement. “Social media has helped a lot in showcasing people's skills and talents.

asset management in Dubai due to technology. It was paper-laden, had fallibility in human performance, and laborious procedures marked the intake of goods in the ports earlier. But today, with the deployment of the advanced tracking system and the Internet of Things (IoT), the situation has gone to a complete U-turn.

Deloitte has recently predicted a significant 13% growth in the production of vital chips across various industries this year.

Citibank has announced that one of it’s long-time employees and senior leaders is to retire after 22 years.

Narendra Modi will present the first ever National Creators Award at the Bharat Mandapam on Friday, his office said, noting that it has been envisioned as a launch pad for using creativity to drive positive change. The Prime Minister's Office (PMO) in a statement said that the award is an effort to recognise excellence and impact across domains, including storytelling, social change advocacy, environmental sustainability, education and gaming. «The National Creator Award has witnessed exemplary public engagement. In the first round, more than 1.5 lakh nominations across 20 different categories were received. Subsequently, in the voting round, about 10 lakh votes were cast for digital creators in various award categories. Following this, 23 winners, including three international creators, were decided,» it said. This overwhelming public engagement is testimony that the award truly reflects the people's choice, it added.

International Women's Day on March 8th, 2024, it's a momentous occasion to celebrate the achievements, strength, and resilience of women across the globe. This year, we honor the indomitable spirit of women who have shattered glass ceilings, defied stereotypes, and championed equality in all spheres of life. In India, women have been instrumental in driving socio-economic progress, leading businesses, shaping policies, and nurturing communities. From boardrooms to classrooms, from laboratories to legislative assemblies, women are leaving an indelible mark with their intellect, innovation, and compassion. As we mark this day, let us extend our heartfelt wishes to all the incredible women who inspire us with their unwavering determination and unwavering commitment to excellence. Let us celebrate their triumphs, acknowledge their contributions, and reaffirm our commitment to gender equality and women's empowerment.

BENGALURU : Bengaluru: Multinational companies (MNCs) have been selling stakes in their Indian businesses citing high market valuations to use the proceeds for a host of purposes including debt repayment. Over the last month, Conagra Brands announced the sale of its controlling stake in India’s Agro Tech Foods (ATFL), long-time investor British American Tobacco (BAT) indicated it would sell a partial stake in ITC while Japan's Sumitomo Wiring Systems sold 4.4% stake in Samvardhana Motherson International.