International Financial News

Axis Bank has introduced revisions to terms and benefits of Axis Bank Vistara Credit Card. The changes will be effective for all Axis Bank Credit Cards, due for renewal starting April 18, 2025. As part of this transition, Axis Bank has waived the annual fee for renewals while discontinuing certain travel-related perks such as complimentary Maharaja Club tier memberships and milestone ticket vouchers. Cardholders will continue to earn Maharaja Points on eligible transactions and enjoy premium benefits like lounge access, dining discounts, and golf privileges. This article provides a detailed breakdown of the changes, how they impact cardholders, and what to expect going forward.

Subscribe to enjoy similar stories. The Murugappa Group-owned Coromandel International Ltd is betting on its acquisition of NACL Industries Ltd to strengthen its domestic formulations business, Latin American presence and create synergies to establish a foothold in contract drug manufacturing, according to managing director S. Sankarasubramanian.

Subscribe to enjoy similar stories. Thailand-based Minor International Plc, which runs Minor Hotels and brands like Anantara Hotels Resorts & Spas, Avani Hotels & Resorts, NH Hotels, and NH Collection is looking to have a strong presence in India in the next decade with a target of 50 hotels by 2035. The company's group CEO, Dillip Rajakarier who is visiting India and spoke exclusively to Mint said the company has now established its presence in India with the recent launch of its 150-room Anantara Jewel Bagh hotel in Jaipur.

White House has praised President Donald Trump for the return of two NASA astronauts who were part of the failed Boeing Starliner mission. However, NASA had already made arrangements for their return before Trump took office. The astronauts returned safely after nine months in space.

NASA astronauts Sunita Williams and Butch Wilmore, who spent a long nine months in space rather than the scheduled eight-day mission, are to be paid extra for their additional time on the International Space Station (ISS), according to a report.

Taxpayers who haven’t filed 2021 tax returns who may be eligible for a COVID stimulus payment must file it by April 15 to claim the credit

NASA released images of Sunita Williams and fellow astronaut Butch Wilmore stepping back onto solid ground, something was immediately clear—this mission had taken a visible toll. Williams, 59, looked noticeably thinner, her wrists appearing fragile, her hair greyer, her face more gaunt. Medical experts say these are telltale signs of the intense physiological strain that months in space can inflict. Williams and Wilmore were originally meant to spend just eight days on the International Space Station (ISS) after launching on June 5, 2024. But technical failures with Boeing’s Starliner spacecraft turned their short trip into a 286-day marathon in microgravity. When they finally splashed down off the Florida coast, the effects were undeniable.

S Jaishankar on Wednesday said nations will continue to use tariffs as they compete for global standing, with the past decade witnessing a greater «weaponisation» of economic measures by governments worldwide. The minister's comments come amid a raging global debate on US President Donald Trump's pledge to levy reciprocal tariffs on many countries, including India, from April 2. «Tariffs, sanctions, I think, whether we would like it or not, they are a reality, countries use them. In fact, if one looks at the last decade, I would say we have seen a much greater weaponisation of pretty much any kind of capability or any kind of economic activity. It could be financial flows, energy supplies or technology,» said Jaishankar, speaking at the 'Commissars and Capitalists: Politics, Business, and New World Order' session at the Raisina Dialogue conference. He was responding to a question on whether trade barriers, tariffs and tech sanctions or restrictions have any place in India's foreign policy. «This is a reality of the world… You are fighting for your comprehensive national power, of which business makes a very important contribution,» he said. «I think today, the lines dividing different domains have eroded. If you see in international relations, I think it's a less restrained culture today than it was a decade ago,» he said, adding, «This is a reality of the world. You fight for your business, because you are fighting for your employment; you are fighting for your comprehensive national power, of which business makes a very important contribution.»

Donald Trump has publicly proclaimed that the United States ‘doesn’t need anything’ Canada has, but Americans can’t seem to get enough of this “export.”

NASA astronaut Sunita Williams has safely returned to Earth after spending nine months aboard the International Space Station. She, along with fellow astronauts Nick Hague, Butch Wilmore, and Roscosmos cosmonaut Aleksandr Gorbunov, splashed down in SpaceX’s Dragon capsule on Wednesday. Williams has always embraced her Indian heritage, carrying symbols of her cultural roots with her on her space missions. Over the years, she has taken a variety of Indian-origin items to space, each holding personal and spiritual significance.

Economic Offences Court here has dismissed the bail application of Tarun Konduru Raju, who was arrested on March 10 for his alleged role in a gold smuggling case involving Kannada actress Ranya Rao. The Directorate of Revenue Intelligence (DRI) strongly opposed Raju's bail plea, citing concerns that he could abscond if released.

Donald Trump's reciprocal tariffs against other countries come into effect may not be as menacing as it seems because there is little clarity on how the tariffs will be imposed and Treasury Secretary Scott Bessent has put a twist in Trump's policy. It seems the policy is a work in progress, and nobody is yet sure how it will take effect. Reciprocal tariffs roughly mean hiking rates on imports to match the level that other countries apply to US products.

With India’s mutual fund industry hitting the market regulator’s $7 billion overseas investment limit, one door has been shut for Indian investors looking for global diversification. But they have the alternative option of investing overseas through portfolio management services (PMS), which are professionally managed funds with access to international markets.

Vadilal Industries Ltd.(up 6.94%), LT Foods Ltd.(up 4.05%), Honasa Consumer Ltd.(up 3.64%), Bikaji Foods International Ltd.(up 3.60%), Dodla Dairy Ltd.(up 3.46%), ADF Foods Ltd.(up 3.20%), Adani Wilmar Ltd.(up 2.81%), Tasty Bite Eatables Ltd.(up 2.52%), Gopal Snacks Ltd.(up 2.49%) and Mrs. Bectors Food Specialities Ltd.(up 1.97%) stood among the top gainers.

The company said it announced the price increase owing to rising input cost, increased commodity prices and higher operational expenses, amongst other reasons. The quantum of price increase will vary basis the variants and models. Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, said, “At Hyundai Motor India Limited, we strive to absorb rising costs to the extent possible, ensuring minimal impact on our customers. However, with the sustained increase in operational expenses, it has now become imperative to pass on a part of this cost escalation through a minor price adjustment.”

Royal Challengers Bangalore (RCB) head into the 18th edition of the IPL still in pursuit of their first-ever title. In the previous season, they made an incredible late surge, winning six straight matches to secure a playoff spot, narrowly surpassing Chennai Super Kings (CSK) on net run rate. Their journey, however, came to an end in the Eliminator against Rajasthan Royals (RR). With Rajat Patidar stepping up as captain and a number of key signings strengthening the team, RCB is optimistic that this could be the year they finally clinch the title. A major shift for RCB this season is the appointment of Rajat Patidar as captain. Moving away from their usual reliance on international stars for leadership, the franchise has placed its trust in a rising Indian talent. In addition, RCB has prioritized squad balance over chasing big-name players. Their bowling department, once a weak spot, has been significantly strengthened with the signings of Josh Hazlewood and Bhuvneshwar Kumar for a total of INR 23.25 crore.

Hyundai Motor India will increase car prices by up to 3% from April 2025, owing to rising raw material and operational costs, it said on Wednesday. «At Hyundai Motor India Limited, we strive to absorb rising costs to the extent possible, ensuring minimal impact on our customers. However, with the sustained increase in operational expenses, it has now become imperative to pass on a part of this cost escalation through a minor price adjustment.

IndusInd Bank on ratings watch but said that the final extent of the discrepancies in the bank’s derivatives portfolio will only be known once the external agency submits its findings. It also said that the discrepancies in accounting of the bank’s derivatives portfolio are likely to have a one-time impact on its financials. “The final extent of discrepancies in the bank’s derivative portfolio will be contingent on findings of the external agency.,” it said. “Crisil Ratings will continue to monitor the developments closely for impact thereof on the overall credit risk profile of the bank.”

Subscribe to enjoy similar stories. Despite fiscal constraints and rising opportunity costs, election campaigns in India remain significantly dominated by promises of freebies, cash transfers and subsidies. This makes transparency in subsidy spending more critical than ever.

IT company Happiest Minds on Wednesday announced top-level changes in its organisational structure, appointing Ashok Soota as chairman and chief mentor. Joseph Anantharaju, who was executive vice chairman, has been elevated to co-chairman and chief executive officer of the IT company. He will drive all the business divisions of Happiest Minds, including product and digital engineering services, infrastructure management, and the generative AI business. Meanwhile, Venkatraman Narayanan has been appointed managing director and chief financial officer. He will lead finance, talent acquisition, internal IT, the environmental, social, and governance (ESG) unit, and CSR.

In this article