International Financial News

₹650 crore through an initial public offering (IPO). The company, which offers namkeen, western snacks, and other products across India and internationally, had filed preliminary IPO papers with Sebi on November 21, 2023.

HSN codes for certain rice varieties to enable exports of those which are traditionally not consumed by the people in the country, a senior official said on Tuesday. At present, all categories of non-basmati white rice are banned for exports. According to a presentation of the Agricultural & Processed Food Products Export Development Authority (APEDA), they are working on separate HSN codes for GI (Geographical Indications) rice varieties like Red rice, Black rice and Kalanamak rice. In international trade parlance, every product is categorised under an HSN code (Harmonised System of Nomenclature). It helps in the systematic classification of goods across the globe.

OpenAI said Tuesday that the dangers that keep him awake at night regarding artificial intelligence are the «very subtle societal misalignments» that could make the systems wreak havoc. Sam Altman, speaking at the World Government Summit in Dubai via a video call, reiterated his call for a body like the International Atomic Energy Agency to be created to oversee AI that's likely advancing faster than the world expects.

Nitin Gadkari on Tuesday said the Centre is going to spend Rs 2 lakh crore on road infrastructure in Uttarakhand and its roads will be like those in the United States by the end of 2024. Gadkari was speaking on the occasion of national highway projects worth over Rs 2,000 crore in Tanakpur. «Rs 1.40 crore is being spent in Uttarakhand over road infrastructure at present to which an additional Rs 60 crore will soon be added to make it a total expenditure of Rs 2 lakh crore,» Gadkari said. «In the presence of Chief Minister Pushkar Singh Dhami I want to announce that by the end of 2024, the national highways in Uttarakhand will be matching international standards. They will be like those in the US,» he added.

government that will eventually emerge from it, foreign policy analysts said. Pakistan's two largest political parties have been wrangling over who will be prime minister after an inconclusive vote last week forced them to join forces and try to form a coalition in a parliament dominated by independents.

accidental Indian captain who matched the peerless Vijay Hazare stroke for stroke with a cover drive to die for, Dattajirao Gaekwad should have played more than 11 Tests, given the talent this remarkable player from Baroda possessed. On Tuesday, Gaekwad died in his hometown Baroda at the age of 95. Statistically, he was the oldest living Indian Test cricketer since the death of Deepak Shodhan in 2016. A nightmare for the Bombay (Mumbai) teams of the 1950s, those cover drives, unfortunately, never really came off when he played at the highest level from 1952 to 1961. His son Aunshuman, who played 40 Tests from the 1970s to the 80s, was more successful with a tight defensive technique compared to his father.

India's oldest Test cricketer and former captain Dattajirao Gaekwad died on Tuesday due to age-related ailments. Gaekwad, who was the father of former India opener and national coach Aunshuman Gaekwad, was 95. He breathed his last early this morning after battling for life in the ICU of a Baroda hospital for the past 12 days, a source in the family told PTI. He played 11 Tests for India between 1952 and 1961, captaining the national team in 1959 when it toured England.

PSU shares rallied up to 15% across segments, including the railway, banking, and defence sectors on Tuesday, a day after the crash in PSU stocks. Among the BSE PSU index stocks, railway stocks were the top gainers. Shares of IRFC, RVNL, and Ircon International rose by 8-15%.

cricket, including the IPL, is crucial. For players like Ishan, who have chosen to prepare for the IPL over participating in the Ranji Trophy, this could mean a significant adjustment. Ishan’s absence from Jharkhand's lineup, following his release from the Indian squad, has sparked debates.

The government of Venezuela accused neighboring Guayana of granting illegal oil exploration concessions in territory the two nations are disputing

Thousands of minority Serbs in Kosovo have protested a ban of the use of the Serbian currency in areas where they live

The National Labor Relations Board has granted Dartmouth’s trustees extra time to request a review of a regional official’s ruling that the school’s men’s basketball players are employees

The CEO of ChatGPT-maker OpenAI says that the dangers that keep him awake at night regarding artificial intelligence are the “very subtle societal misalignments” that could make the systems wreck havoc

Federal officials are investigating an incident in which an American Airlines jet ran off the end of a runway after landing at Dallas-Fort Worth International Airport over the weekend

Mumbai Airport to reduce scheduled flights and restrict the movement of business jets during peak hours, aiming to alleviate congestion and improve on-time departures, the Economic Times reported. The decision is expected to impact around 40 flights and disrupt the operations of private jets frequently used by top business houses in the country. The Airport Authority of India (AAI), responsible for air navigation services, has directed the airport to decrease aircraft movement from 46 to 44 during rush hours and from 44 to 42 during non-peak hours.

The people of Pakistan appear to have spoken – if not resoundingly enough, at least loudly – against the army's overwhelming dominance in the country's politics. However, with the recent election results returning a hung parliament, it seems the Pakistan Army remains influential regardless of the popular verdict.

By Joe Bavier and Boureima Balima

Indian onions are fetching as much as ₹140 a kilogram in Malaysia, Sri Lanka and the UAE, more than ten times the wholesale price in Nashik, tempting smugglers to defy a ban on the export of the bulb vegetable, traders said.These «rogue exporters», traders said, are shipping out onions by mis-declaring them as potatoes, shallots or even labelling them as grapes. India banned the export of onions effective December 8 to make the essential kitchen staple cheaper for domestic consumers. This has led to a crash in the price from more than ₹40 a kg to around ₹13 currently in the wholesale market of Nashik, India's main onion-growing region. The ban on exports by the second largest onion producer, which used to ship 40,000-50,000 tonnes of the commodity every week, caused a spike in international prices.

Meteorologists have predicted that El Niño conditions are set to dissipate by this summer, perhaps even by June, raising hopes of a bountiful Indian monsoon in 2024. After below-average cumulative rainfall and a warm 2023, various national weather forecasting agencies now expect this see-saw of the Pacific Ocean to turn neutral by April-June and then start developing into La Niña, the opposite condition. As geography dictates and experience shows, this switch implies a shift from a relatively parched Indian subcontinent to a wetter one.

Houthis fired two missiles on Monday at an Iran-bound cargo ship in the Red Sea, causing minor damage to the vessel but no injuries, U.S. military officials said. The early morning strikes appeared to be the first time the Houthis have targeted an Iran-bound vessel since starting attacks on international shipping in solidarity with Palestinians over the Israel-Hamas war in Gaza, shipping sources said. «Iranian-backed Houthi militants fired two missiles from Houthi-controlled areas of Yemen toward the Bab al-Mandeb,» U.S Central Command said on the social media site X, formerly known as Twitter.

compliance team to attend product meetings to ensuring that every update or new product launch went through the rigours of the regulatory rules and restrictions, over the last one year or so, Paytm implemented a host of internal changes to toe the regulatory line, said executives at the digital payments company. At the same time, Vijay Shekhar Sharma, the company’s founder, made it a priority for his team to focus on launching every industry update from the National Payments Corporation of India (NPCI) or the Reserve Bank of India (RBI) on priority, they said.