International Financial News

100% FDI is allowed in space sector. The liberalized entry routes under the amended policy are aimed to attract potential investors to invest in Indian companies in space," the government said in its press release. The entry route under the amended policy are as follows: > Upto 74% FDI under Automatic route: Satellites-Manufacturing & Operation, Satellite Data Products and Ground Segment & User Segment.

By Stephen Nellis and Max A. Cherney

Boeing 737 MAX-8 jets in March 2019, staff at his department prepared three very different speeches.They outlined three different scenarios: restricting the aircraft from Canadian airspace, as many countries already had, declaring the MAX-8 safe to fly, as the Americans did, or allowing the aircraft to operate “only if certain standards were met.”The speeches are part of a newly released trove of internal documents on the federal government’s decision to ground the Boeing jets following a deadly 2019 crash in Ethiopia that killed 18 Canadians.Next month marks the fifth anniversary of the disaster.It’s not unusual for staff to draft multiple versions of speeches for ministers. But the fact that each of Garneau’s three prepared remarks contained vastly different decisions on the grounding of the MAX-8 illustrates the uncertainty at Transport Canada over the jets’ safety.Emails, memos and briefing notes obtained by Global News through access to information law show three days of flurried activity at Transport Canada as the agency’s position continuously evolved.

By Katharine Jackson and Raphael Satter

MUMBAI : Lunolux Ltd, the promoter of Eureka Forbes Ltd, will sell up to a 12% stake in the household appliances maker for $138.6 million ( ₹1,148.7crore) through a block deal on Thursday, people with knowledge of the deal said. Advent International had bought a majority stake in Eureka Forbes from Shapoorji Pallonji Group for ₹4,400 crore in 2021. Lunolux is an entity held by Advent International.

global peace and security and bolstering partnership with it should be the cornerstone of Europe's foreign policy, Greek Prime Minister Kyriakos Mitsotakis said on Wednesday. In an address at the inaugural session of the Raisina Dialogue, Mitsotakis described the conflict in Ukraine as much more than a «local war on European soil» and that it is a «brutal challenge» to international stability and the rules-based order that India has supported. Prime Minister Narendra Modi, External Affairs Minister S Jaishankar, foreign ministers from a number of countries and a galaxy of strategic affairs experts and academicians attended the session. When it comes to shaping global debates and addressing great challenges, India is now often regarded, and rightly so, as a consensus builder and a voice of reason in an increasingly polarised world, the Greek prime minister said.

Myntra has appointed Venu Nair as its new chief of strategic partnerships and omnichannel. Nair joins Myntra from offline shopping chain Shoppers Stop, where he was the managing director and chief executive officer for about three years. At Myntra, he will be responsible for the international brands portfolio, and for “building strategic partnerships with leading global brands,” the firm said in a statement. Nair will also be managing omnichannel strategy for brands at Myntra.

MUMBAI : Lunolux Ltd, the promoter of Eureka Forbes Ltd, will sell a 22% stake in the household appliances maker for $254 million ( ₹2,106 crore) through a block deal on Thursday, people with knowledge of the deal said. Advent International had bought a majority stake in Eureka Forbes from Shapoorji Pallonji Group for ₹4,400 crore in 2021. Lunolux is an entity held by Advent International.

Hindustan Times. ALSO READ: Yuvraj Singh hails Shubman Gill after criticism from cricket veterans like Ravi Shastri, Sunil Gavaskar: ‘Let the bat…’ The Andhra player hit the first delivery for a Six via slog sweep over cow corner. After this, he went straight with the bat and then delivered the same result. With the left-arm spinner Damandeep Singh pitching the third ball on middle and leg, Krrishna disdainfully launched over long-on.

Raymond Lifestyle, India and international, and chairman of The Indian Society of Advertisers, said, “The economy is developing at a rapid pace. At such a pace it is even more important for us as advertisers to understand our consumers and their behaviour.

Oil India Limited (OIL) and and private sector producers contributed 0.3 MMT and 0.6 MMT, data released by the Oil Ministry showed. Crude oil imports increased by 5.7 per cent and 0.9 per cent during January 2024 and April-January 2023-24 respectively, compared to the corresponding period of the previous year. The net import bill for oil and gas was $11.7 billion in January 2024 compared to $10.6 billion in January 2023, according to PPAC.

Arctic penal colony where Russian opposition leader Alexei Navalny died last week. Western leaders have expressed outrage at the news from Russian authorities that Navalny, President Vladimir Putin's most prominent domestic critic, had fallen unconscious and died in prison on Friday.

World Bank warned that high borrowing costs have «changed dramatically» the need for developing nations to boost sluggish economic growth. The multilateral lender's latest warning comes as international bond sales from emerging market governments hit an all-time record of $47 billion in January, led by less risky emerging economies such as Saudi Arabia, Mexico and Romania.

Mumbai: Kajaria Tiles, the largest manufacturer of ceramic and vitrified tiles in the country along with the Royal Challengers Bangalore announced today that the brand would stay on as the “Principal Sponsors" for the RCB Women’s Team extending their partnership which began with the inaugural season of T20, last year. Speaking on the associationMr Rishi Kajaria, Joint Managing Director at Kajaria Ceramics Ltd, said: “I am happy to announce that we have extended our partnership with the Royal Challengers Bangalore Women’s Team and look forward to a successful season. For us Women Empowerment is a core ethos of our organisation, and our sporting superstars are inspiring not just this generation but every little girl watching the game. We look forward to continuing our support for RCB Women team and contributing to their journey of success in the upcoming season". Rajesh Menon, Vice President & Head of Royal Challengers Bangalore, said “We are pleased to extend our partnership with Kajaria for another season. The association began on a successful note with the inaugural season, last year and we look forward to strengthening our collaboration as the tournament grows in magnitude." The second edition of the Women’s T20 will be played between 23 February to 17 March 2024 across two venues, Bangalore, and Delhi.

Sunovaa's journey is characterized by the expansion of its global footprint with the establishment of offices in Singapore in 2016 and Malaysia in 2023 and is characterised by following the footprints of its customers in various geographies holding a prominent position in the international IT services arena. Sunovaa consistently receives a commendable rating of 4.5 out of 5 in the ISO Annual Survey, underscoring its commitment to quality and customer satisfaction. Puneet Sinha, MD & Group CEO of Sunovaa, expressing his enthusiasm for the company's Foundation Day and the journey ahead, stated, "As we celebrate this milestone, I am filled with pride reflecting on our growth and accomplishments. Sunovaa's success is a testament to our dedicated team, unwavering commitment to quality, and the trust our clients place in us. Looking forward, we are excited about the possibilities in Compute Vision, Machine Learning, and Generative AI, as we continue to innovate and contribute to the ever-evolving landscape of IT services." Sunovaa also developed Dataklout in 2019, a multilingual customer intent & Emotional Intelligence Analysis prediction using Voice AI.

environmental mitigation after Ammonia gas leaked from its sub-sea pipeline at Ennore creek near here in December 2023, state Environment and Climate Change Minister Siva V Meyyanathan said on Wednesday. The government will also consider the next course of action against the factory of the company, Coromandel International Ltd (CIL), after it implements all safety mechanisms recommended by the technical committee and the ratification is done by Tamil Nadu Pollution Control Board (TNPCB), he told the Assembly. The Minister was replying to a special calling attention motion on the gas leak issue moved by several parties which sought the permanent closure of the factory. He informed the Assembly that after a seven-member technical committee submitted a report, the TNPCB served a notice to CIL asking for a compensation of Rs 5,92,50,888 towards environmental mitigation. «The notice was served under section 5 of the Environment Protection Act, 1986, on February 2. The firm agreed to pay the sum,» Meyyanathan said.

₹5.38 crore, according to documents obtained by real estate database platform Zapkey, as quoted by Moneycontrol. The apartment, situated in the Ten BKC project at Bandra East, spans 1,110 square feet.

₹1.64 trillion for fertilizer subsidy. India already has entered into long-term agreements with Morocco, Senegal, Israel, Oman, Canada, Saudi Arabia and Jordan in the past two years as part of this playbook. Though India is moving toward gaining self-sufficiency in urea, it still depends on imports to meet its rock phosphate demand.

Investing.com -- London-listed shares in Glencore (LON:GLEN) fell on Wednesday after the Swiss group flagged that a decline in energy and metal prices had contributed to a halving in its full-year earnings.

Shares of International Flavors & Fragrances (NYSE:IFF) fell more than 7% in after-hours trading Tuesday after the company missed earnings expectations for the fiscal fourth quarter and announced a significant dividend cut.

A coordinated international operation has targeted one of the leading ransomware operator group LockBit, freezing over 200 cryptocurrency accounts linked to their activities.