International Financial News

Ola Electric was hit by another wave of uncertainty when media reports suggested the company's reported sales figures do not match vehicle registrations with the government. Here’s what happened: The Bhavish Aggarwal-led company came under the scanner of the Ministry of Heavy Industries (MHI) for reported discrepancies between the strong sales numbers it reported and the registrations recorded by the government.

Greenland's glittering blue icebergs, says his bank has told him to expand ahead of an expected influx of tourists after US President Donald Trump put the island in the global spotlight. Trump's comments, coupled with the opening of a new international airport in the capital Nuuk, have already boosted arrivals and more are expected. «Already now, we are getting many more bookings than we have received earlier, especially because of a man with the last name of Trump. He has really put Greenland on the map once again,» Knudsen-Ostermann, operator of Greenland Cruises, said, standing on the dock of an ice-packed harbour. Greenland became the focus of international attention in January when Trump's son, Donald Trump Jr., arrived at the newly opened Nuuk airport. Since then, the U.S. president has doubled down on his pledge to make the Arctic island part of the United States, as he eyes its vast wealth of rare earth minerals critical for high-tech industries.

Alton Aviation Consultancy. Bullish on aviation prospects in India, Ng said the country, which contributes approximately 10 per cent of Asia Pacific's domestic and international air traffic demand, has already returned to pre-pandemic levels. «Such growing demand in turn supports India's massive aviation development programmes including setting up of 150 airports across the country,» Ng told PTI on Friday. He further noted that «India's passenger traffic is expected to grow at a strong pace of 7 per cent in 2025, supported by an order book of nearly 1,900 aircraft among airlines based in the country.»

Mount Lewotobi Laki Laki volcano in south-central Indonesia erupted three times into Friday, sending an ash column 8,000 meters (26,200 feet) high and prompting authorities to expand the danger zone around the volcano. The volcano on the remote island of Flores in East Nusa Tenggara province has had hundreds of earthquakes and visible volcanic activity has significantly increased in the last seven days. An eruption followed by an explosion was heard Thursday evening as far away as Larantuka and Maumere, two cities about 50 kilometers (31 miles) to 85 kilometers (53 miles) from the volcano. The eruption was recorded at several monitoring stations on Flores island, Muhammad Wafid, chief of Indonesia's Geology Agency, said in a statement. There were two other eruptions, and smaller activity occurred during the day Friday. Smoke blew around the crater with weak to moderate pressure, and firelight was seen at the peak, indicating the glowing volcanic material was at a shallow depth. Authorities raised the eruption alert to the highest level and expanded the danger zone from 7 kilometers (4.5 miles) to 8 kilometers (5 miles) from the crater. No new evacuations were ordered.

Rohingya refugees in Bangladesh it means they could be left with too little food and money for survival. No cuts have happened yet. But the UN World Food Programme said if it is not able to raise funds, it will have no option but to halve food rations to $6 a month from previous $12.50 in the country's southern coastal district of Cox's Bazar, where the Rohingya live in sprawling camps. It was not immediately clear if the WFP's decision was directly related to the Trump administration's action, but during a recent visit to the refugee camps, UN Secretary-General Antonio Guterres criticized the US and other countries in Europe for halting or reducing their aid budgets. UN food agency says no choice but to reduce rations To be sure, a large portion of funds needed for supporting Rohingya refugees in Bangladesh has come from the US Agency for International Development, but the country's government and dozens of aid organisations also look after their daily needs. Yet, any drop in humanitarian aid could have extreme impact on the lives of Rohingya refugees.

Like the earlier month, the fortnight (ending March 15) sell-off affected nearly all sectors in the market, with the exception of metals. Metal stocks stood out as they attracted investments worth Rs 1,100 crore, making them the only sector to buck the trend. This was not the case in the preceding period.

In a statement released on Friday, the company said that its sales remain strong, and that it is in the process of clearing the backlog that had caused discrepancies in vehicle registration data. According to Ola, this backlog, which was not caused by any internal operational issues, is being addressed, with daily registration numbers already surpassing 50% of the company’s three-month daily sales average. As of the latest update, 40% of the February backlog has already been cleared, and Ola Electric expects the issue to be fully resolved by the end of March 2025.

foreign central banks and others confront the spillovers from President Donald Trump's fast-moving effort to rewire international trade. With analysts in the U.S. noting the stagflationary direction of the U.S. outlook — weaker output and higher prices — central banks globally are parsing what the fallout may mean for them.

Subscribe to enjoy similar stories. New Delhi: India's auto parts manufacturers are bracing for an uncertain future, as large automakers boost production of electric vehicles (EVs) at the expense of petrol and diesel models, in a shift that is transforming the requirements for components and increasing the role of technology.

Subscribe to enjoy similar stories. Businesses across the country have five months to adopt stricter norms to reduce their environmental impact, by crafting clear policies, setting sustainability goals, and adopting eco-friendly practices in daily operations. The Bureau of Indian Standards (BIS) has tightened standards for so-called environmental management systems (EMS), internal company systems to minimize impact and improve performance on the environmental front.

video conference call on February 14. The agency cited workforce planning as the reason for the terminations. Employees were informed about the decision during a 20-minute virtual meeting. They later received official emails confirming their dismissal.

There was an oft-repeated message in Federal Reserve chair Jerome Powell's press conference on Wednesday: Tariffs will raise consumer prices.

Trump administration. Reflecting on his 16-year journey from intern to CEO, Gardner emphasized his decision was driven by ensuring Amtrak’s alignment with the current administration’s priorities. His departure coincides with Elon Musk’s renewed push to privatize public services like Amtrak and the U.S. Postal Service. Musk, speaking at a March 5 conference, argued privatization could boost efficiency, claiming, “If it can reasonably be privatized, it should be.” Critics, however, point to failures like the U.K.’s recent rail renationalization after decades of private struggles.

Real estate credit fund Nisus Finance’s Real Estate Special Opportunities Fund – 1 (RESO-I) has made an exit from a wholly-owned subsidiary of Shapoorji Pallonji Real Estate (SPRE) with an internal rate of return (IRR) of 18.74%, marking the fund’s maiden exit. RESO-I had invested Rs 105 crore into senior secured rated listed non-convertible debentures (NCDs) issued by Suvita Real Estate, a subsidiary of SPRE, in January 2024. These Debentures were listed in the wholesale debt segment of the Bombay Stock Exchange. The entire NCDs were redeemed by the developer Issuer through internal accruals and capitalization by SPRE.

Kirsty Coventry became the first woman and African to be elected president of the International Olympic Committee on Thursday, declaring it to be an «extraordinary moment». At 41, the two-time Olympic swimming champion is also the youngest person ever to be elected to the most powerful position in sports governance. The Zimbabwean Sports Minister succeeds Thomas Bach, who steps down after 12 years, and said she would work with the six other heavyweight rivals she beat. «This is an extraordinary moment. As a nine-year-old girl I never thought that I would be standing up here one day, getting to give back to this incredible movement of ours,» Coventry said. «This is not just a huge honour but it is a reminder to every single one of you that I will lead this organisation with so much pride, with the values at the core.

When Calls the Heart Season 12 is coming to an end with Episode 12, titled Must Be Gold. The episode will be available on March 23, 2025, at 9/8c on the Hallmark Channel. The series follows a fixed release schedule.

He was asked the number of «looted or stolen artifacts» expected to be repatriated under US-India Cultural Property Agreement to prevent illicit trade of antiquities. «Cultural Property Agreement (CPA) has been signed with the United States of America (USA) to prevent smuggling of Indian antiquities. Agreement, being preventive in nature, has no timelines or target numbers. So far, 588 antiquities have been repatriated from USA, out of which 297 were received in 2024,» he stated. The Union minister was also asked whether the government plans to collaborate with international organisations or other nations to strengthen India's efforts in recovering stolen antiquities. «India collaborates with different international organisations, including UNESCO and INTERPOL, as per requirement. The CPA has provision for fostering cooperation and mutual understanding in the matters of technical assistance, illicit trade and pillage of cultural property,» he added.

Subscribe to enjoy similar stories. India's largest airline IndiGo expects to fly 200 million passengers annually by 2030, an 80% increase from the 113 million passengers it flew in 2024, led by its fleet expansion from 439 aircraft to 600 by the end of the decade. Top executives of InterGlobe Aviation, IndiGo's parent company, told analysts in Gurugram on Wednesday that the airline would expand beyond its domestic network to lucrative international routes, taking its share of international outbound traffic to 40% from the current 28%.

Olympics 2028 after the International Olympic Committee (IOC) member states unanimously voted for it during the governing body's 144th session here. When IOC president Thomas Bach asked for a show of hands from all in favour of boxing's inclusion in the LA Games all the members duly obliged with no one abstaining or voting against. «I thank you for the approval of having boxing back in the Olympic programme. We can look forward to a great boxing tournament,» Bach said. «It doesn't happen often that the proposal for programmes happen unanimously but this commission is breaking record after record.» Boxing was not included on the LA 28 initial sports programme approved by the IOC Session in February 2022 because of the concerns that had gripped the then federation, the International Boxing Association (IBA). The IOC had suspended the IBA following long-running disputes over governance, its finances and the integrity of bouts and judging.

Pavel Stepchenko. This young man from Russia has made headlines for becoming the country’s youngest-ever pensioner, according to a report by odditycentral.com. How, you ask? Well, it’s not just about hard work and savings—it’s a combination of clever legal loopholes and a dash of Russian pension law wizardry. Pavel’s story begins when he was just 16 years old.

Shares of Bharat Forge Ltd.(up 5.14 per cent), Bajaj Auto Ltd.(up 2.57 per cent), Eicher Motors Ltd.(up 2.52 per cent), Hero MotoCorp Ltd.(up 1.71 per cent) and Exide Industries Ltd.(up 1.58 per cent) ended the day as top gainers in the pack.