International Financial News

₹818.05 apiece on the BSE. Senco Gold reported a consolidated net profit of ₹109.32 crore for the quarter ended December 31, a rise of 5.8% from ₹103.35 crore during the corresponding quarter of the previous fiscal. The company’s revenue from operations in Q3FY24 rose 23.3% to ₹1,652.20 crore from ₹1,339.63 crore, year-on-year (YoY), led by strong 17% SSG and 11% increase in average store count.

Mint explains Sebi's reservation on such arrangements and why there’s a rethink now. Sebi’s primary concern was regarding losses that investors might suffer should a portfolio company default.

High Net Worth Individuals (HNIs) in 2024, the significance of diversification through international real estate, and the increasing focus on Environment, Social, and Governance (ESG) compliant investments. One of the key trends we have been observing in the HNI landscape is that while clients' needs have not gone up that much, their balance sheets have expanded, meaning their assets have increased. This, in turn, implies that the surplus wealth also has increased and, as a result, there will be a bias toward growth-oriented portfolios, and here we are referring to more allocation into public markets, private markets, and international markets.

Q3 Results Today: Ballarpur Industries Ltd, EPACK Durable Ltd, Hardwyn India Ltd, R Systems International Limited, and Shivom Investment & Consultancy Ltd are Companies scheduled to post their earnings on February 15. As the earnings season is nearing its end some leftover companies will keep announcing their results.

MUMBAI: Ravi Kant Jaipuria’s RJ Corp acquired 1.07% or 2.8 million shares of Delhi-based Global Health through an open market transaction for 379 crore.

Bain Capital, Advent International and CVC Capital are among the private equity funds that are competing to buy Shriram Housing Finance Ltd (SHFL), an arm of Chennai-based non-banking finance company (NBFC) Shriram Finance, said people with knowledge of the matter. These three, along with Warburg Pincus, have been shortlisted after non-binding bids were submitted by potential buyers in mid-December. They are currently engaged in conducting due diligence. Binding bids are due in a fortnight. Parent Shriram Finance, which is mainly involved in commercial vehicle financing, owns 84.82% of SHFL, which focuses on affordable homes. San Francisco-based PE Valiant Capital Management owns most of the remaining stake.

On February 14 the company behind Oreo and Cadbury Chocolate, Mondelēz International, announced that it’s joining the Hedera Council, the entity that governs the Hedera Network, “a sustainable public ledger for the decentralized economy.”

Microsoft says U.S. adversaries — chiefly Iran and North Korea and to a lesser extent Russia and China — are beginning to use generative artificial intelligence in mounting and organizing offensive cyber operations

Paris climate targets ahead of schedule and remains firmly committed to addressing the global issue. Prime Minister Modi said India's carbon emissions account for only four per cent of the global total despite it being home to 17 per cent of the global population and undertaking some of the world's largest energy access initiatives. Congratulating the IEA on its 50th anniversary, the prime minister said, "I am sure that the IEA will benefit when India plays a bigger role in it." "Inclusivity boosts the credibility and capability of any institution," he said and added that "1.4 billion Indians bring talent, technology and innovation to the table".

₹1,500-1,600 crore in (FY25). If an opportunity comes for acquisition either in renewables, city gas distribution (CGD) space or any other, then we have the cash," he said, however, adding that there is no proposal available currently. City gas distribution (CGD), biogas and LNG will remain the core focus of investment plans.

₹700 crore, including employee stock options (Esops) of Religare and Care Health totalling ₹480 crore; Religare Finvest Esops worth ₹150-200 crore; and a salary of ₹42 crore. The stock options became the centre of a controversy after the Burman family, which has mounted an open offer for Religare, unleashed withering criticism on Saluja and Religare over the matter. The Burman family, which now controls over 25% in Religare, had criticized Saluja for drawing “excessive" compensation and called for regulatory intervention.

International Energy Agency's member countries have begun talks with India on its application to become a full member of the Paris-based agency of 31 nations, IEA said on Wednesday. In a statement issued after IEA's 2024 ministerial meeting in Paris, the agency said the talks with India are in recognition of the country's "strategic importance" in tackling global energy and climate challenges. «The Ministerial gave the IEA a strong mandate to deepen cooperation with major emerging economies. This includes starting discussions with India on its request for full IEA membership,» it added. India, which joined the IEA as an associate member in 2017, sent a formal request for full membership in October 2023.

Blue Eye Samurai, Netflix has a ninja-packed surprise in store – the debut of the all-new Japanese action series, House of Ninjas. Crafted, written, and directed by Dave Boyle, this gripping series unfolds the tale of the Tawara family, seemingly ordinary but wielding the lethal skills of ninjutsu. With a blend of action and family dynamics, House of Ninjas promises to be a captivating addition to Netflix's international streaming lineup.

European cinema landscape experienced a prosperous year in 2023, with significant contributions from blockbuster films such as Barbie, Oppenheimer, The Super Mario Bros. Movie, Spider-Man: Across the Spider-Verse, Mission: Impossible – Dead Reckoning Part One, and Wonka. According to preliminary estimates from the International Union of Cinemas (UNIC), the year saw a remarkable 21 percent increase in European admissions, reaching a total box office of approximately €7.1 billion ($7.6 billion). This marked a substantial gain of 24 percent in Europe and 25 percent in the European Union compared to 2022. While final data for 2023 will be released later in the spring, UNIC reported that several territories, including the Netherlands, Croatia, Albania, Serbia, and Montenegro, exceeded their box office revenues from the 2017-2019 period. Additionally, Austria, the Czech Republic, Finland, Hungary, and Slovakia matched pre-pandemic box office results.

Bank of Nova Scotia said Jake Lawrence is leaving his role as chief executive of the lender’s capital-markets business to take a senior role at the Desmarais family’s holding company.

Kiabi which is present in about 25 countries, on Wednesday announced that it has forayed into Asia, through its association with Myntra in India. ET had last year reported that the brand was in talks to enter the Indian market. The brand has its presence across Europe, the Middle East, Africa, South America, and now, Asia.

By Nivedita Balu and Niket Nishant

By David Shepardson

Rommelia Asuncion’s older sister.Rommelia and her five-month-old baby girl, Morgyn Rose Asuncion-Massicotte, were found in the basement apartment of the home they rented on Mackay Drive in Richmond Hill on Feb. 1, just after 4 p.m.Also found dead in the apartment, Rommelia’s common-law husband and the father to her child, 41-year-old Joshuah Lawrence Massicotte.

₹4,200 crore by the end of this year, with an anticipated growth to ₹5,500 crore by the end of fiscal year 2024-25 (FY25). This growth trajectory will help set the stage for the company to consider an initial public offering (IPO), said Sanjay Sharma, the company’s founder and managing director. “We will look at it (IPO) not in the next financial year, but the year after that.

Investing.com -- Shares in Airbnb fell in premarket U.S. trading on Wednesday after the travel accommodation app flagged that it would see a slowing in booking rates in its current quarter.