International Financial News

Neeraj Chopra now wants the country to go a notch higher in the pecking order by hosting global events in the next two-three years. India is set to bid for the 2029 World Athletics Championships but Chopra said the country can host other global competitions of smaller scale before that. «It will be good if we host 2029 World Championships but 2029 is a long way to go.

Want to take exposure to a sector which grows much faster than GDP

real estate developer DLF has acquired 29-acre land in Golf Course Extension Gurgaon for Rs 825 crore with a development potential of 7.5 million sq ft. The developer, who has huge land bank in the region, has done the acquisition after many years. According to the regulatory filing by the company, it has entered into an agreement with Standard Chartered Bank, Singapore Branch, DB International (Asia) Limited, Singapore and Deutsche Investments India Private Limited for purchase of privately placed, listed, secured, non-convertible, redeemable bonds of face value of Rs 600 crore on which the bond issuer has defaulted in repayment of the said bonds including accrued interest thereon.

Want to take exposure to a sector which grows much faster than GDP

There is no denying the fact that raising small loans on a lending app is a cakewalk.  However, some of these apps are not credible and can abuse your financial data and privacy to dupe you. So, it is imperative to be confident of the app’s credibility before jumping the gun.

Nitin Gadkari said. “Ministry of roads will soon be adopting qualitative tendering process instead of the least cost bidding process to bring in quality and road safety in various projects,” Gadkari said at the International Road Federations’ event on Vision Zero – Targeting road safety by 5E’s, jointly organised by the ministry of road transport and highways and Maruti Suzuki. “Qualitative tendering will help incorporate safer road safety features in designs keeping in mind the behavior of the road users,” he added. According to Gadkari, there have been several cases where officers in the ministry have done away with safety features in highway projects to bring down costs and in the name of making them financially viable. “Road engineering is the biggest culprit for increasing road accidents in the country.

Indus Towers’ strong profits in the December quarter was boosted by an extra Rs 300 crore received from key customer, Vodafone Idea (Vi) as interest income on the latter’s old dues, said analysts. They added that this is reflected in a 94.5% sequential jump in Indus’ other income to nearly Rs 602 crore in the third quarter, FY24. The Rs 300 crore interest income is in addition to the Rs 300 crore directly collected from Vi by Indus towards part-clearance of past dues. “Indus’ higher net profit in Q3FY24, benefitted from higher other income, which had Rs 300 crore interest income from overdues,” ICICI Securities said in a note. Indus’s net profit grew 19% sequentially in the December quarter to Rs 1,541 crore. As per Citi Research, after the latest payments, Vi’s old dues to Indus is now at Rs 5,700 crore.

Sri Lanka’s parliament has overwhelmingly approved an internet regulation bill being criticized as a move to stifle speech in an election year

Yogi Adityanath-led Uttar Pradesh Government has begin a one-week recruitment drive at the Industrial Training Institute (ITI) in Aliganj. Israel plans to recruit tens of thousands of Indians at a time when Palestinians who have long played a crucial role in Israeli construction and other sectors are being barred from the country.

England's 'bazball' is set to face its biggest challenge as they gear up to face India on Thursday in the first Test of a five-match series on a likely spinning surface here which promises to test the batters' technique to its maximum potential. India skipper Rohit Sharma already stated that the way England plays isn't their concern but the story of the five-match series will be 'Bazball' against spin. The last time England ended with a series win on Indian soil was in 2012 when Alastair Cook and Kevin Pietersen batted to perfection but the series fell in the visitors' favour because of Monty Panesar, Graeme Swann and James Anderson's heroics with the ball.

A liquor store has opened in Saudi Arabia for the first time in over 70 years

Switzerland’s financial markets authority is getting a new chief executive as the country looks at ways to strengthen banking regulations following the crisis at Credit Suisse

A Boeing 757 jet operated by Delta Air Lines lost a nose wheel while preparing for takeoff from Atlanta

After Turkey ratified Sweden’s bid to join NATO on Monday, Hungary became the last member of the military alliance not to have issued its approval

China, the world's biggest exporter, says it is deeply concerned about tensions in the Red Sea that have upended global trade by forcing many shippers to avoid the Suez Canal

Official figures obtained by The Associated Press show that Cyprus has made headway in weaning itself off Russian cash and business as it tries to clean up its image

The U.N. High Commissioner for Refugees says that he’s worried that the war in Ukraine has been forgotten as the country prepares to mark two years since Russia’s full-scale invasion

By Trevor Hunnicutt

On April 15-16, Blockchain Life 2024 is going to prove its status as one of the main crypto events of the year bringing together over 8,000 crypto enthusiasts and thousands of international companies in the globally recognized crypto capital of Dubai.

Settlement talks between Raymond group chief Gautam Singhania and his estranged wife Nawaz Modi have collapsed, said people in the know of the development. These sources added that Modi is insisting on her initial demand — seeking 75% of Singhania's reported $1.4-billion wealth for their two daughters, Niharika and Nisa, and herself. She is also seeking custody of their minor daughter, alleging that Singhania has been exerting influence on the two daughters. The couple announced their separation in November 2023.

Indian Oil Corp. Ltd (IOC) on Wednesday reported a multifold increase in its consolidated net profit for the October-December quarter at ₹9,220.85 crore. During the same period last fiscal, the company had reported a net profit of ₹890.28 crore.