International Financial News

If your loved one is expecting chocolate this Valentine's Day, celebrating it may prove not-so-sweet for your wallet.

Godzilla Minus One, the latest monster movie from Toho, offers various viewing options in theaters and on streaming platforms. Here's a breakdown of how and where to catch the film.

(Reuters) — Stellantis (NYSE:STLA) said on Monday it will invest 103 million euros ($111.02 million) at its Szentgotthard facility in Hungary to increase production capacity of electric drive modules that will help the automaker grow its electric-vehicle portfolio.

India's annual capital spending on developing oilfields will fall from next year, shrinking by about a fifth by 2030 in the absence of major discoveries, which will lead to a drop in domestic oil production and expand dependence on imports, according to the International Energy Agency (IEA). Capital expenditure on developing oil projects is estimated to drop below $3.5 billion in 2030 from around $4.3 billion in 2024. The estimates are based on the current pipeline of upstream projects, said Toril Bosoni, the head of oil markets at IEA. «It's possible that there will be finds, and new project developments will come online, but most of the time, the lag between discovery and production is beyond this time frame,» said Bosoni, referring to the IEA study which factors in capacity till 2030.

Dutch government on Monday to halt the export of F-35 fighter jet parts to Israel, citing a clear risk of violations of international law. A trio of human rights organizations brought a civil suit against the Netherlands in December, arguing authorities needed to reevaluate the export license in light of Israeli military action in the Gaza Strip. «It is undeniable that there is a clear risk that the exported F-35 parts are used in serious violations of international humanitarian law,» Judge Bas Boele said in reading out the ruling, eliciting cheers from several people in the courtroom. The exports must cease within seven days.

Gaza Strip deeper into trouble, the Israel Defence Force has captured 20 Hamas terrorists from a hospital in the Gaza Strip city of Khan Younis. With these arrests, Tel Aviv may further emphasize that Hamas has used hospitals for terror attacks. The Hamas fighters were hiding inside a Khan Younis hospital in Gaza. They were arrested by the Jewish troops aided by medical staff waiting on a delivery of oxygen tanks.

manufacturing sector whose share in India's GVA continues to languish at about 17.4% which is less even than the share of agriculture. The government's persistent efforts to invigorate this crucial segment have led to the introduction of various initiatives, and at the forefront is the Production Linked Incentives (PLI) scheme under the flagship Atmanirbhar Bharat Abhiyaan. The PLI scheme, conceived with the aim of overhauling domestic manufacturing, seeks to amplify capacity and competence and create global champions.

₹50,000 crore, and exports (globally) would be just ₹1,500 crore. That is puny compared to the overall ghee market in India, which was estimated to be ₹3.2 trillion in size in 2023, according to data from market research firm IMARC, a large part of which is in the unorganized space. The market is expected to grow to ₹6.9 trillion by 2032, at a compounded annual growth rate (CAGR) of 8.72% from 2024.

PM Modi will inaugurate the first Hindu temple in Abu Dhabi on February 14. "The inauguration programme of BAPS temple is one of the key parts of PM Modi's UAE visit...," Foreign Secretary Vinay Mohan Kwatra said on Monday. Besides this, the Prime Minister will also address the Indian community in the UAE at an event in Zayed Sports city in Abu Dhabi.

₹75,000 crore of capex for new energy business. Recently, oil producer ONGC and power firm NTPC entered into a joint venture agreement to set up offshore wind energy projects. The SBI fund will be benchmarked against the Nifty Energy Index, which has delivered 20% annualized returns over a five-year period (as of 31 January), as against 14.9% annualized returns delivered by Nifty 50 Index in the same period.

₹500 crore, alongside a secondary offering of 1.57 crore shares by two promoters – namely, Suresh Tyagi and Jimmy Tyagi – in addition to shares from Premji Invest-owned PI Opportunities Fund I and Kotak Special Situations Fund. Also read: Vibhor Steel Tubes raises ₹21 crore from anchor investors ahead of IPO PI Opportunities Fund, an affiliate of Premji Invest, serves as the private equity and venture capital investment branch of the Premji Foundation, overseen by Azim Premji.

India's edible oil imports in January declined by 28% year-on-year, largely because of carry-over stock from the previous year, according to the Solvent Extractors' Association (SEA). Increase in international prices of palm oil and the upcoming harvest of mustard crop are some of the other reasons that led to cut in the country’s cooking oil imports. According to SEA, import of cooking oil in January 2024--reported at little more than 12 lakh tonnes--is down by 28% compared with January 2023.

The talent shortage could be putting alternative fund managers at risk as they struggle to recruit compliance professionals for increasingly complex challenges.

Harry Vanderspeigle, a Colorado doctor from a small town, simultaneously conducting a secret mission on Earth.

IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping though the Red Sea pose threats to the global economy. The Israel-Hamas war raging since October has already hit the Middle East and North Africa region's economy, said the International Monetary Fund's managing director Kristalina Georgieva.

Vedanta double the operating profit made on each tonne of aluminium going ahead, said John Slaven, chief executive officer for Vedanta Aluminium. India’s consumption of aluminium is likely to double in 5 years at the current growth rate, and Vedanta will look at maintaining its market share while focusing on sustainability, Slaven told ET in an interaction. Edited excerpts:

₹762 in February 2019 to around ₹6,500 currently. This implies a return of over 753 percent for its investors. Meanwhile, the stock has also given multibagger returns in the last 3 years as well as in the last 1 year.

Medanta hospital brand jumped 14% to hit a fresh 52-week high of Rs 1,448.45 on the NSE on Monday. They have extended gains to 20%, remaining unbeaten over five consecutive sessions. The rally has been more pronounced since the company announced its December quarter earnings on Thursday where it reported a consolidated profit after tax (PAT) of Rs 123.50 crore which was up by 53% year-on-year (YoY). PAT margins increased from 11.4% in Q3 FY23 to 14.5% in Q3 FY24, the company filing said.

UPI in Mauritius, Sri Lanka: The Unified Payment Interface (UPI) services was launched in Sri Lanka and Mauritius, as announced by the Ministry of External Affairs on February 12 at 1 pm. India has successfully initiated its Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, accompanied by the introduction of RuPay card services in Mauritius as part of a strategic endeavour.

Bali is set to implement its new tourism tax from February 14, with officials revealing the final details as the launch date approaches. Confirmed details now include the exemption of seven visitor visa categories from the IDR 150,000 tourism tax fee. While these visa holders won't need to pay the tax, they are required to log in online and apply for an exemption. The exempted visa categories comprise diplomatic and official visas, crew members on transportation vehicles, and holders of temporary or permanent stay permit cards (KITAS and KITAP). Those with family unification visas, student visas, Golden Visas, and business-specific visas are also exempt. Applications for levy exemption must be submitted at least one month before entering Bali. The local tourism authority will then verify and decide on the application within a maximum of five working days, with the decision communicated to tourists through the Love Bali system at lovebali.baliprov.go.id.

Hero Group's renewable energy arm, Hero Future Energies (HFE) is actively exploring opportunities in green hydrogen projects in India, according to a report of ETenergyworld. The group may soon make a an announcement in this regard in the coming months, HFE' Global Chief Executive Officer Srivatsan Iyer told the website. Iyer said, “Green hydrogen is a focal area of interest for us. We are actively engaging with various customers across India to explore diverse project opportunities. We anticipate making some announcements in the coming months as these discussions progress and materialise into concrete initiatives.”