International Financial News

CSK captain Mahendra Singh Dhoni discussed the excitement of having players from diverse backgrounds in one team, making the IPL a captivating tournament and giving him the chance to familiarize himself with overseas players. Reflecting on the 2008 CSK team, Dhoni highlighted the wealth of experience brought by renowned players like Matthew Hayden, Mike Hussey, Muttiah Muralitharan, Makhaya Ntini, and Jacob Oram. He emphasized the challenge of bringing together such a talented group and fostering camaraderie within the dressing room. Dhoni stressed the importance of understanding each player individually as a leader, citing how familiarity with their strengths and weaknesses facilitates cohesive teamwork. With five IPL titles under his captaincy, Dhoni's leadership philosophy has proven successful.

KUALA LUMPUR (Reuters) — Malaysia is expecting Australian companies to invest up to 24.5 billion ringgit ($5.17 billion) in the country, state news agency Bernama reported on Wednesday, citing Prime Minister Anwar Ibrahim.

Bollywood directorial, Laaptaa Ladies, earned ₹50 lakh net on Tuesday after having earned the same amount on Monday in the domestic market. Before that, numbers for Laapataa Ladies grew over the weekend. It earned ₹75 lakh on its release day, March 1.

D.A. Davidson analysts initiated research coverage on Installed Building Products (NYSE:IBP) and TopBuild Corp. (NYSE:BLD) on Monday.

service sector growth momentum eased in February but remained robust despite a slowdown in new orders and output, according to a private survey released on Tuesday. The seasonally adjusted HSBC India Services Business Activity Index fell to 60.6 in February from 61.8 in the previous month. A level of over 50 indicates expansion. «A climbdown from a six-month high in January was largely expected, but at 60+, still indicates a sharp expansion rate,» said Rahul Bajoria, managing director and head of EM Asia (ex-China) Economics, Barclays. Despite the decline, service activity in February was at its second highest level in five months, but milder growth during the month clouded the business outlook. «Due to a slowdown in growth in new orders and output, services companies' outlook for future business activity, while remaining strongly positive, weakened slightly,» said Ines Lam, economist, HSBC. Of the 400 firms surveyed for the period, 26% still expect growth in the year ahead, but 2% predict a decline. Employment suffered with survey members indicating that employment numbers were sufficient.

anti-profiteering mechanism set up under the GST regime was an initial nudge aimed to ensure that companies passed on the 'benefit' — be it a fall in tax rates, or an enhanced input tax credit — arising from the GST roll-out to the end consumer by way of commensurate reduction in prices. The adjudicating authority, National Anti-Profiteering Authority (NAA) set up in 2017, had a two-year tenure. But this was extended twice, till November 2022, with the mantle passed on to CCI subsequently. This extension contrasts with international precedents, such as Australia's approach, where similar provisions were enforced, following the introduction of GST, although with a sunset clause. In late January, Delhi High Court, responding to many writ petitions filed by India Inc across sectors from FMCG to real estate, upheld the constitutional validity of the anti-profiteering provisions. It noted that the objective of Section 171 of Central GST Act, which mandates the passing on of GST benefits, is grounded in consumer welfare and equity principles.

governments in their national economies is rising, both through policy and expenditure. In India, of the total gov expenditure of 30% of GDP, two-thirds is carried out by state governments, including some spending financed by the Centre. To hobble state finances, in this context, is to express a strong death wish. Indeed, FPIs in government debt can invest in state government debt. But they do not. They have utilised hardly 2.6% of the permissible limit for state government securities. Why, then, is the Centre chary of letting state governments aggressively market a part of the debt they are eligible to raise abroad, particularly to migrants from their states? India is the world's biggest recipient of migrant remittances — $125 billion in 2023. Mexico, the second-highest, got about half as much. NRI deposits have been the mainstay of emergency foreign borrowings for India, time and again. Remember Resurgent India Bonds (RIBs) to tide over India's post-nuclear test isolation of 1998? India Millennium Deposits (IMDs) of 2000? And the foreign currency non-resident special deposits to tide over the taper tantrum of 2013?

MUMBAI : IIFL Finance Ltd on Tuesday tried to assuage investor concerns, stating there were no governance lapses, after the Reserve Bank of India (RBI) barred the non-banking financial company (NBFC) from offering any loans against gold. On Tuesday morning, shares of IIFL Finance opened 20% lower as investors dumped shares after the banking regulator issued a statement on Monday evening that detailed some lapses. “We wish to make it unequivocally clear that there are no governance or ethical issues," said Nirmal Jain, managing director, in a call with analysts on Tuesday.

Investors have closely monitored electric vehicle (EV) pricing, as recent price cuts by automakers have raised concerns over demand elasticity, profitability, and how these adjustments affect EV affordability and their market share relative to internal combustion engine (ICE) and hybrid vehicles, Goldman Sachs analysts said in a Monday note to clients.

MONTREAL (Reuters) — An Airbus contract offer being voted on this month by Montreal-area workers involved in the production of its smallest A220 jets is being dismissed by their union as «totally unacceptable,» according to a memo to members.

“Just terror on legs." That’s how filmmaker Takashi Yamazaki pictured Godzilla. His version of the cinematic monster both nods to the 1954 original and goes fully berserk with visual effects that have been honored with an Academy Award nomination—the first for a Godzilla picture, of which there’ve been dozens. The creature storms into Tokyo in Yamazaki’s “Godzilla Minus One," but the Japanese movie crept up on America.

New Delhi: The plan to restructure Sri Lanka’s debt could be completed by June, two people aware of the matter said, as the island-nation prepared to reach an agreement with its creditors in the coming months. "We expect that the agreements will be finalized around June, which will help settle the debt restructuring process with Sri Lanka," said one of the officials mentioned above, requesting anonymity. In May 2022, India's southern neighbour defaulted on its overseas debt after its worst financial crisis since independence in 1948 emptied out foreign exchange reserves.

China reiterated a call for "reunification" with Taiwan, but added emphasis that it wants to "be firm" in doing so and dropped the descriptor "peaceful", which had been used in previous reports. Although it is not the first time that China had omitted the word "peaceful", the change in language is closely watched as a possible sign of a more assertive stance towards Taiwan. China has been increasing its military budget, and it has been more than doubled under President Xi Jinping's 11 years in office, Reuters reported.

Bloomberg on Tuesday. In his first public appearance at a financial technology conference in Tokyo since the Reserve Bank of India (RBI) ordered his banking affiliate to halt certain activities, Sharma said, as quoted by Bloomberg, “The biggest thing that I’ve learned is that many times your teammate and adviser may not be getting it correct." “And it is important for you, yourself to be taking care of it versus just letting a teammate or a adviser suggest that what should it be (sic)." He resigned from the PPBL board in February after the RBI prohibited the bank from accepting new deposits in its customer accounts or wallets.

Mahila Morcha in West Bengal on 7 March. The BJP seems to be going all out on the “Mahila" or the women-centric poll agenda ahead of the 2024 Lok Sabha Elections. Political analysts believe this very women centric agenda had brought Mamata Banerjee back in power in West Bengal, an agenda that BJP missed.

Diebel started as head of fixed income in 2019, joining from Aviva Investors where he was global head of rates. The firm said he made «significant contributions» to the fixed income and investment team, and will continue to contribute in an advisory capacity. Fidelity International appoints co-CIO to lead equities division In his new role, Loughney will focus on delivering performance, expanding team skills and creating investment solutions in the fixed income division. He will also be a member of the investment committee, contributing to the definition of the macro approach that dete...

(Reuters) -Cadence Design Systems will buy analysis platform provider BETA CAE (NYSE:CAE) Systems International AG for $1.24 billion in cash and stock, the software firm said on Tuesday.

Now that the comment period over the IRS’ proposed regulations for donor-advised funds has ended, the waiting game has begun – along with a whole lot of simmering criticism.

Chief mate Mahmoud Gwealy awoke to a loud bang that sent the laptop on his chest crashing into his nose. The 29-year-old Egyptian sailor had dozed off for the evening while watching Lebanese soap operas in the upstairs quarters of the Rubymar. The British-owned bulk carrier had been rocking in such high swells that he wondered if it had been slammed by a huge wave.

New Delhi: The government plans to shift to a new method of calculating the length of highways to “better capture" the actual work on this key infrastructure, two persons aware of the plan said. The traditional linear method of calculating the length of highway, used now, will be junked in favour of measuring lane-kilometres. This would mean that a four-lane highway of 1 km each will be considered a four-km road.

NEW DELHI : India’s external affairs minister S. Jaishankar on Tuesday pitched for South Korea to participate in India-led initiatives such as the International Solar Alliance, the Coalition for Disaster Resilient Infrastructure, and the Indo-Pacific Oceans Initiative. Jaishankar is in South Korea for a two-day visit, during which he will chair a joint commission meeting with his Korean counterpart.