International Financial News

Junior bankers who were recently fired from Bank of Montreal’s metals and mining group used work-sharing platforms to circulate crude jokes and at least one obscene image, which were discovered during an internal investigation after another employee complained, according to people with knowledge of the matter.

Tripura Chief Minister Manik Saha on Monday said the northeastern state is going to be the gateway not only to Southeast Asian nations but to many other countries by using Chittagong Port in Bangladesh. Dhaka has already allowed India to use its Chittagong Port through South Tripura's Sabroom sub-division and Maitri setu is set to be inaugurated for people's movement between two sides of the international border anytime, he said. «Maitri setu built on Feni River has already been inaugurated and people's movement through the bridge will start any time. Once the bridge is made operational, the state will have direct access to Chittagong Port in Bangladesh. It will open new possibilities in business and trade through Chittagong Port», Saha said at the laying of the foundation stone for the redevelopment of Agartala railway station. Prime Minister Narendra Modi laid the foundation stone for the redevelopment of 554 stations and inaugurated various projects across the country virtually.

Goldman Sachs and Mubadala Investment Company have signed a $1-billion separately managed account in which Mubadala and Goldman Sachs will co-invest in private credit opportunities throughout the Asia Pacific region, said a joint statement. The Partnership will be managed by Private Credit at Goldman Sachs Alternatives, with a dedicated on-the-ground team across multiple Asia Pacific markets. The global Private Credit team consists of 165 credit investment professionals overseeing more than $110 billion in assets under management (AUM).

Reliance Industries and Reliance Foundation on Monday unveiled Vantara, an initiative for animal welfare in Gujarat. This project focuses on the rescue, treatment, and rehabilitation of injured and abused animals across India and abroad. What is Vantara? Vantara, which is a Hindi word, means 'star of the forest'. This program is dedicated to the rescue, treatment, care, and rehabilitation of animals in need.

However, it's important to note that the credit cards mentioned here are not arranged in any specific order. The selection of a credit card should be based on your personal preferences and financial requirements. Keep in mind that credit card policies may be subject to changes at the discretion of the banks. It is recommended to verify the current terms and conditions directly with the issuing banks to ensure accuracy, as the details provided here are subject to potential updates or modifications. Stay informed to make well-informed decisions regarding your credit card choices. So, here are the four credit cards and their exclusive deals and offers.

Paytm and Byju's, have sparked discussions on the evolution of the start-up and entrepreneurship landscape in India. Touted as the beacons of India's burgeoning unicorn ecosystem, the seeming crash of mighty multi-billion dollar Byju's and Paytm Payments Bank has shaken the edtech and fintech start-up spaces in particular. For the uninitiated, Paytm's fintech arm Paytm Payments Bank (PPBL) has been hit with harsh regulatory limits by the Reserve Bank of India (RBI) --- limits that essentially shut down the whole operation.

RIA Novosti news service published on Monday. RIA reported that Siluanov’s answer was in response to a question on Russia’s frozen foreign reserves. The group of seven (G-7) nations should be “bolder" in seizing frozen Russian assets, UK Prime Minister Rishi Sunak said in an article published on Sunday.

Ajit Isaac, CMD, Quess Corp, says “the demerger will unleash a simplified structure that the market has also been looking forward to, a renewed management focus on each of the businesses, a changed capital allocation strategy that is relevant to each of these specific businesses as well as a flexibility in approach to markets. Lastly, a clarity of investment thesis for investors coming into each of these specific demerged entities. That is why we did it and the advantages we can derive for each business.” Tell me a little bit more about your demerger. What kind of prospects does it throw up, the value unlocking, etc, and what was the rationale? Ajit Isaac: I will start with the third part of the question: what is the rationale? The key thing to look at here is that our business is now 17-years old and so we are no longer a startup. It is a mature business and over the years each of the business verticals have become scaled, mature, and market-leading entities and each one has its own rhythm, its cyclicality, and nuances.

chips race, now has to evaluate $21 billion of semiconductor proposals and divvy up taxpayer support between foreign chipmakers, local champions or some combination of the two. Israel’s Tower Semiconductor Ltd. is proposing a $9 billion plant, while India’s Tata Group has put forward an $8 billion chip fabrication unit, people familiar matter said. Both projects would be in Prime Minister Narendra Modi’s home state of Gujarat, the people said, declining to be named as the matter is not public. Semiconductors have grown into a key geopolitical battleground, with the US, Japan and China investing heavily in developing domestic capabilities. Modi’s push to turn India into a global manufacturing hub also includes luring international chipmakers to the country — a bid to catch up in the sector to save money on expensive imports and enhance a growing smartphone assembly industry.

R Systems International has signed a memorandum of understanding (MoU) with the Indian Institute of Technology Delhi (IIT Delhi) to set up a Centre of Excellence (CoE) on Applied AI for Sustainable Systems at IIT Delhi. The centre will include a cutting-edge research lab, the institute said in a statement. The centre will create an endowed faculty chair position and offer merit-based student scholarships, it said.

Capri Global Capital, a leading non-banking finance company, has appointed Vivek Jain as its new chief human resources officer (CHRO). Jain will collaborate with the senior leadership team to attract, develop and retain top talent, and create a high performance, entrepreneurial culture. Jain comes with over 25+ years of industry expertise.

IndiGo will now operate 37 weekly flights between India and Bangkok, solidifying its presence in the region. Vinay Malhotra, Head of Global Sales at IndiGo, said, “We are pleased to commence direct flights between Hyderabad and Bangkok.

Delhi airport after return from London. Yana Mir alleged that she was needlessly harassed by the airport customs official for having empty Louis Vuitton bags in her baggage. She shared the video of the incident on X, formerly Twitter. In the video, she can be seen having argument with customs officials about empty bags and alleging that the customs officials were trying to levy a duty on shopping bags and demanding bills for the bags. She can be heard saying she was 'treated as a smuggler' at the airport. «What I said in London about India: I am FREE AND SAFE IN INDIA

The South Korean government is giving young doctors on strike four days to return to work

connectivity, staying in touch while traveling is most important for both personal and business needs. The use of international SIM cards has become a popular solution, offering a versatile way to communicate without the burden of exorbitant roaming charges. International SIM cards serve as a bridge to worldwide networks, expanding the reach of your smartphone beyond local boundaries. Unlike local SIM cards tied to specific geographic locations, international SIM cards operate globally, providing flexibility for diverse travel destinations.

Balakot airstrike, a historic military operation conducted by the Indian Air Force (IAF) in response to the Pulwama terror attack. The Balakot airstrike, conducted on February 26, 2019, was a meticulously planned and executed operation that demonstrated India's unwavering commitment to national security. The codeword "Bandar Mara Gaya" was reportedly used to relay the success of the mission, signaling the elimination of a significant threat. Background and Context The operation was a response to the heinous Pulwama terror attack on February 14, 2019, where a suicide bomber affiliated with Jaish-e-Mohammed targeted a convoy of Indian paramilitary personnel, resulting in the loss of over 40 lives. In a swift and calculated move, the IAF struck the terror camps in Balakot, situated deep inside Pakistani territory, sending a strong message that India would not tolerate cross-border terrorism.

Question: I am an individual taxpayer and intending to avail an education loan on behalf of my daughter who would be pursuing a course in an International Educational Institute abroad. Kindly guide on whether the interest paid on such educational loan taken for the purpose of daughter’s education can be claimed as tax deduction in my tax return. Further, whether such tax deduction would be restricted to education loan availed for Indian courses or extended to foreign courses as well?

Skoda Auto Volkswagen India, one of the leading automakers in the country, has received the Indian Green Building Council (IGBC) Platinum certification in the Indian Automotive Industry in the owner-occupied category.

Disney, Reliance sign binding pact to merge media operations in India: Report "In 2023, India resiliently navigated global headwinds, solidifying its appeal to international investors. The economic fundamentals stay strong reflecting investors' enthusiasm for the country's expanding economic opportunities.

Infibeam Avenues, a fintech firm, saw its shares gain 10% to ₹37.90 apiece in today's (Monday) intraday trade after the company announced an investment of $10 million for the acquisition of a 20% strategic stake in XDuce, a renowned enterprise application and AI development company based in the United States. With headquarters in New Jersey, USA, XDuce has a team of over 150 software developers in the US, servicing some of the marquee Wall Street and insurance clients in North America.

Gold rate today, 26 Feb 2024: Amid speculations of a positive outcome in the US Q4 GDP data to be released on Wednesday this week, the US dollar index regained 104 level in early morning deals and touched a two-month high. This put gold rate today under pressure on Monday morning session in the Asian stock market today. Gold futures contract on the Multi Commodity Exchange (MCX) for April 2024 expiry opened lower at ₹62,327 per 10 gm level and went on touch an intraday low of ₹62,198 per 10 gm.