International Financial News

fashion retailer Myntra said it has added more than one new international apparel, beauty and lifestyle brand every week on an average since the pandemic, which helped it avoid a slowdown in the overall retail market since over a year. With 420 global brands in its portfolio, the Flipkart arm gets about a quarter of its revenue from international brands.

Deutsche Bank staff in London are mourning Rafael Gil-Alberdi, the bank's co-head of EMEA corporate equity derivatives, whose funeral was yesterday.

If you're looking for a way to moderate bonus expectations ahead of a tight bonus round, it helps to make people focus on something else. Like actually having a job. 

If you couldn't find a new banking job in 2023, then good luck finding a new banking job in 2024. For all the hope that this year would improve the fortunes of financial services jobseekers, and by extension financial services recruiters, 2024 is not starting on a high note. 

I have spent eight years working for a major British bank and now I have lost my job. I feel that I've been treated unfairly and that the internal mobility scheme was a kind of scam.

Ram Temple in Ayodhya to offer prayers to Ram Lalla, Prime Minister Narendra Modi has urged Union Ministers to delay their visits to the temple to avoid VIP and VVIP-related inconvenience to the devotees. While heading a meeting of the Union Cabinet on Wednesday, PM Modi expressed concern over the heavy rush of devotees and the inconvenience caused to the public by VVIP and VIP visits to the temple town along with elaborate security details, government sources told ANI.

RIYADH : Saudi Arabia is preparing to open its first alcohol store in the capital Riyadh which will serve exclusively non-Muslim diplomats, according to a source familiar with the plans and a document. Customers will have to register via a mobile app, get a clearance code from the foreign ministry, and respect monthly quotas with their purchases, said the document, which was seen by Reuters. The move is a milestone in the kingdom's efforts, led by Saudi Crown Prince Mohammed bin Salman, to open the ultra-conservative Muslim country for tourism and business as drinking alcohol is forbidden in Islam.

NEW DELHI : The finance ministry on Wednesday notified direct listing of Indian companies on GIFT City’s exchanges, a move expected to enable startups and unlisted companies access global capital. Indian companies can now list on the financial hub’s India International Exchange and NSE International Exchange at Gandhinagar, the ministry said.

hardware: tanks, fighter jets, missiles, air-defence batteries, artillery and vast quantities of munitions. But a less discussed weakness lies in electronic warfare (EW); something that Ukraine’s Western supporters have so far shown little interest in tackling.

Crypto lender Nexo has started a legal battle seeking $3 billion in damages from Bulgaria following an aborted criminal investigation that the company claims derailed its plans for a US stock market listing and a soccer sponsorship deal.

cashless treatment facility for all road accident victims at the Ayushman Bharat hospitals while work is on to rectify about 5,000 remaining black spots in the country by May 2025 as the aim is to reduce road accident related death and injuries by half by 2030, road secretary Anurag Jain said. “We plan to introduce cashless medical treatment for all injured road accident victims across the nation within the next three to four months,” Jain said while addressing the International Road Federation (IRF) conference on ‘Vision Zero, Targeting road safety by 5E’s with innovative technologies’, organised in association with the ministry of road transport and highways and Maruti Suzuki. According to Jain, the nationwide scheme, to be introduced by the ministry, will be merged with the final scheme to be launched by the ministry of health and family welfare at the later stage.

Goods and Service Tax, import duty and absence of other initiatives for a circular economy are hindering metal recycling, industry body officials said on Wednesday. With more headwinds expected from scrap-exporting countries in near future, the country needs to remove ambiguity to showcase India's commitment to a circular economy, aiming at reducing emissions, they said.

NITI Aayog, Ministry of Agriculture and Farmers' Welfare (MoA&FW), and Food and Agriculture Organization (FAO) of the United Nations on Wednesday jointly launched the 'Investment Forum for Advancing Climate Resilient Agrifood Systems in India', an official statement said. The initiative aims to develop an investment and partnership to advance climate-resilient agrifood systems among the government, private sectors, and farmers' organisations, and financial institutions in India, it said.

New Delhi: Apparel exporters body AEPC on Wednesday sought tax incentives such as uniformity in GST and enhanced interest subsidies to boost domestic manufacturing and India's outbound shipments. The Apparel Export Promotion Council (AEPC) asked to provide tax concessions to apparel manufacturers adopting Environmental, Social, and Corporate Governance (ESG) and other international quality standards and compliances. The council also sought budgetary support for the branding and marketing of made-in-India products.

GIFT-IFSC, will reshape the Indian capital market landscape and offers Indian companies, especially start-ups and companies in the sunrise and technology sectors, an alternative avenue to access global capital beyond the domestic exchanges," according to a statement by Ministry of Finance. “This is expected to lead to better valuation of Indian companies in line with global standards of scale and performance, boost foreign investment flows, unlock growth opportunities and broaden the investor base.

India vs England Test Series: India's dominance at home over the last 12 years will be put through its most unique examination till date when Rohit Sharma's side faces a trend-defying England in the first match of what promises to be a stirring five-Test series from tomorrow. England was the last team to win a test series in India — back in 2012 under Alastair Cook. Since then, India is unbeaten at home — losing only three of 44 tests on home soil in the last 11 years.

JSW Steel and Jindal Steel and Power gained up to 4% while Steel Authority of India Ltd saw its share price rise almost 6% on news flow around China Central Bank to cut reserve ratio requirement and boost economic growth. The People's Bank of China (PBOC) has decided to cut the reserve requirement ratio (RRR) for all banks by 50 basis points (bps) in February to boost the economic growth.

₹510.4 crore in the December 2023 quarter from ₹1,296.6 crore in the year ago period. The revenue from operations of the company came down 4% year-on-year from ₹13,734.6 crore in Q3FY23 to ₹13,101.3 crore during the period under review. The Q3 earnings for Tech Mahindra are in line with the expectations as the company's fiscal health remains impacted by the seasonal factors, ongoing challenges in the communications sector, and subdued discretionary expenditures in crucial markets.

The final compromise strengthened the main goal to “well below 2°C" and advocated “pursuing efforts" towards 1.5°C. To sweeten things for the 1.5°C brigade, the agreement also asked the Intergovernmental Panel on Climate Change to go and work out how much better the lower target would be. The IPCC reported back three years later: it would be a great deal better—but also much harder.

Congress is unlikely to join the Rahul Gandhi-led 'Bharat Jodo Nyay Yatra' when it enters West Bengal on January 25, a senior party leader said on Wednesday. The Yatra, currently in Assam, is scheduled to enter West Bengal through Bakshirhat in Cooch Behar district on January 25. After a recess of two days -January 26-27, it will be traversing Jalpaiguri, Alipurduar, Uttar Dinajpur and Darjeeling before reaching Bihar on January 29.

A truck carrying 60 tons of liquefied natural gas and a car collided at an intersection in the Mongolian capital, causing a series of explosions that killed three firefighters and injured 11 people