International Financial News

Estonia’s domestic security agency says it has detained 10 people on suspicion of sabotage, spreading fear and creating tension as part of a coordinated “hybrid operation” by Russia’s special services

An Amsterdam court has rejected Russia’s final argument in a years-long legal battle over a $50 billion arbitration award

South Korean trainee doctors have collectively walked off their jobs to protest a government medical policy, triggering cancellations of surgeries and other medical treatments at hospitals

Yum Restaurants India is likely to exit quick service restaurant major Devyani International by selling a 4.4% stake through a block deal on Wednesday, according to news reports. Through the sale, Yum Restaurants plans to raise around Rs 815 crore, reports said.

Ryanair, of low cost and sustained profitability, India’s newest airline Akasa Air’s journey to the top of the charts has been rather astounding. The airline, backed by legendary investor Rakesh Jhunjhunwala, who died soon after the launch of the airline in August 2022, is set to cross a milestone. It will fly beyond the Indian borders from March 28 with its first international flight scheduled to Qatar. Notably, this achievement comes in merely 19 months of its going operational. Akasa was granted the licence to fly internationally by the Ministry of Civil Aviation last year on September 20. Exiting 2023 with a fleet size of 22 aircraft, including 21 Boeing 737 MAX 8 and one Boeing 737 MAX 8 200, the first of its kind in Asia, Akasa Air is ready for its next phase of growth. It further fuelled its international flying ambitions when in January the new airline welcomed two Boeing 737 MAX 8 aircraft to its growing fleet. Since it started flying in 2022, Akasa has garnered a market share of 4 per cent as against another low-cost but much older airline SpiceJet's 5.6%. The Indian aviation market is dominated by IndiGo, which has a nearly 60 per cent market share, and the Tata Group whose airlines have a combined share of nearly 26 per cent.

Shares of Sona BLW Precision Forgings Ltd.(up 4.08 per cent), Bosch Ltd.(up 0.54 per cent), Ashok Leyland Ltd.(up 0.44 per cent), Samvardhana Motherson International Ltd.(up 0.31 per cent) and Tube Investments of India Ltd.(up 0.28 per cent) ended the day as top gainers in the pack.

What to expect from the programme

Unicommerce is expanding its overseas operations by onboarding more clients, a top official said on Tuesday. Unicommerce is already serving 46 clients in Singapore, the Philippines, Indonesia, the UAE, and Saudi Arabia and is now expanding these operations by adding more clients. Some of its clients in these markets include the UAE-based fashion brand Redtag, the Philippines-based kids' wear brand Edamama and the UAE-based logistics player RSA Global.

Ravichandran Ashwin reached a remarkable milestone of 500 international Test wickets during the 3rd Test of the ongoing 5-match series between India and England. In doing so, the veteran off-spinner broke many records and took his place among the legends of the game such as Muttiah Muralitharan and Anil Kumble. Ashwin's 500th wicket came when he came into the attack during the 1st innings of the Test match in Rajkot and within the 7 balls of his spell, the veteran spinner managed to remove England opener Zack Crawley from the crease.

Indian Navy’s largest-ever multilateral naval exercise, Milan 2024, has commenced in Vizag with an impressive lineup of warships from Indian and foreign navies participating in the Harbour Phase. Harbour Phase Highlights From February 19 to 23, the Harbour Phase includes an international city parade on RK Beach, a maritime seminar, a tech expo, Milan village, subject matter expert exchange, Milan of young officers, and various sporting events.

CGHS package rates for the above items. The other terms and conditions of empanelment shall remain unchanged," said the OM. The revised rates will be valid till further orders, the OM said.

₹20,000 price segment. Also Read | OnePlus Watch 2 teased, likely to launch on February 26: All we know so far The OnePlus Nord CE 3 Lite was launched last year at a price of ₹19,999 for the 8GB RAM/256GB storage base variant while the 256GB storage variant was unveiled at ₹21,999. However, after the latest price cut, the 128GB version of the OnePlus Nord CE 3 Lite is now available at a price of ₹17,999 while the 256GB storage variant starts from ₹19,999.

telecom towers along the Line of Control (LoC) in Pakistan-occupied Kashmir (PoK). These towers are believed to assist terrorists and their associates in infiltration activities, as reported by news agency PTI. Use of Encrypted YSMS Services by Terrorists

Arunachal Pradesh keep prospering for years to come," he said. Arunachal Pradesh attained full statehood on February 20, 1987, with the Fifty-Third Amendment of the Indian Constitution, 1986, becoming the 25th state of the Indian Union. Since then, February 20 has been celebrated as Statehood Day of the Himalayan state.

Wankhede after the ED took cognisance of a first information report (FIR) by the Central Bureau of Investigation (CBI) in an alleged ₹25-crore bribe demand from Bollywood superstar Shah Rukh Khan's family to spare his son Aryan Khan in a drugs case. In the beginning of this month, the former NCB officer had filed a petition in the Bombay High Court seeking to quash the ED's case. He has also sought, through an interim order, protection from any coercive action and a stay on the agency's probe.

The website of major crypto ransomware operator LockBit has been taken down in a coordinated effort by international enforcement agencies. The message displayed on the site confirms it is now “under control of law enforcement.”

Air India Express will be offering tickets at discounted prices to passengers who prefer travelling without check-in baggage, the company announced on Tuesday. Through 'Xpress Lite', passengers can avail fares cheaper than regular fares. «Xpress Check-In enables flyers to avoid queues at counters and baggage belts and comes with a complimentary +3 kg cabin baggage allowance in addition to significantly discounted pre-booked prices for +15 kg and +20 kg check-in baggage allowances to ensure the maximum flexibility and convenience for guests booking on Xpress Lite fares,» the company said in a press release.

airlines’ biggest trade group implored oil producers to make more low-emissions aviation fuel, warning the future of commercial air travel depends on the industry’s successful decarbonization. Sustainable aviation fuel is the best available tool for cutting emissions, International Air Transport Association Director General Willie Walsh said at an aviation summit in Singapore Monday. Demand for the cleaner-burning fuel far outstrips supply, even though it can cost three to five times more than conventional jet fuel. “Every bit of fuel that gets produced would be used because this is an existential issue,” Walsh said. “This industry will not be allowed to grow unless we can prove to our customers, regulators, governments, people in general, that we can grow in a sustainable manner.”

Houthi attacks on merchant shipping continue to disrupt international trade, driving more cargoes to Asia. Flows to the European Union and the UK plunged as higher freight costs stoked by the ongoing turmoil in the Red Sea, as well as unplanned refinery maintenance in Asia, made trade economics better for sending cargoes east rather than west.

Palestinian foreign minister Riyad Al-Maliki told the International Court of Justice (ICJ) on Monday that Palestinians are suffering “colonialism and apartheid" under Israelism and urged judges to order an “immediate and unconditional end to Israel's occupation". “The Palestinians have endured colonialism and apartheid... There are those who are enraged by these words.

Federal Bank shed 8 percent in intra-day deals on Tuesday as investors booked profit in the lender amid an overall weak market environment. Both Nifty Bank as well as Nifty also lost 0.2 percent in intra-day deals today. The stock fell as much as 7.9 percent to its intra-day low of ₹150.