International Financial News

23.01 / 16:05

markets UPS wellness Bill show International India's crude oil output down 1.03% to 2.5 MMT in December, imports rise 1.1% YoY: PPAC

Oil India Limited (OIL) and and private sector producers contributed 0.3 MMT and 0.6 MMT, data released by the Oil Ministry showed. Crude oil imports increased by 1.1 per cent and 0.4 per cent during December 2023 and April-December 2023 respectively, compared to the corresponding period of the previous year. The net import bill for oil and gas was $10.3 billion in December 2023 compared to $10.2 billion in December 2022, according to PPAC.

23.01 / 15:01

UPS Provident FIVE Sustainability reports International USA’s DFC, Norfund, two others provide $1 billion to SAEL Industries

US International Development Finance Corporation or DFC, Norway government-owned Norfund and two other financiers have provided $1 billion in funding to waste-to-energy producer SAEL Industries, the company said in a release on Tuesday. Asian Development Bank and Tata Cleantech Capital are the other financiers. The company did not provide a break up of how much of the funding was in the form of debt and what component was an equity investment. ET had reported on 18 January that SAEL Industries was close to finalising a $1 billion funding.

23.01 / 14:43

markets Mobile Sustainability President reports travelers International Room for cut in fuel prices as oil companies boast higher margins: Icra

₹11 per litre for petrol, and ₹6 per litre for diesel compared to international product prices, said Girishkumar Kadam, senior vice president and group head of corporate ratings, Icra Ltd. Kadam also noted that marketing margins for petrol have seen a recovery in recent months following a significant drop in September. Diesel margins, which were negative until October, turned positive from November.

23.01 / 14:43

Career economy awards performer testing International Naman Awards 2024: Mohammed Shami wins men's best international cricketer award

Mohammed Shami has been the backbone of India's pace in the past few years and successfully complemented Jasprit Bumrah in the team. In the ICC World Cup 2023, Mohammed Shami single-handedly decimated dangerous batting orders of the world and played a crucial role in taking India to the finals. In One Day International cricket, Mohammed Shami has wonderful numbers as the pacer clinched 195 wickets in 100 innings with best performance of 7/57.

23.01 / 12:53

markets economy Discover Trade show country International 'Snowball' derivatives feed China's stock market avalanche

stock market is leading to losses on billions of dollars worth of derivatives linked to the country's equity indexes, fuelling further selling as retail investors offload their positions.

23.01 / 11:45

Compilation awards performer stars International ICC names Rohit Sharma as skipper for Men's ODI of the Year 2023, includes 5 other Indians in squad

Rohit Sharma as captain of the ODI Team of the Year 2023, which includes as many as six Indians. The other two teams that have more than one representative are World Champions Australia and South Africa, from where two cricketers each in the team are named, while all-rounder Daryl Mitchell was the only representative from New Zealand. Apart from Rohit, the other Indians in the team were batters Virat Kohli and Shubman Gill, spinner Kuldeep Yadav, and pacers Mohammed Siraj and Mohammed Shami.

23.01 / 11:27

Digital Bitcoin stage country information International Exploring the Privacy Concerns Around CBDCs

The future of money is digital and many countries are developing their own Central Bank Digital Currencies (CBDC). This in turn will have far-reaching implications on society, businesses, and banks, as the use of physical cash declines.

23.01 / 10:57

markets UPS FIVE Booking Trade International profit booking Five railway stocks including IRFC, RVNL slide up to 14% amid profit booking

Rail Vikas Nigam, Ircon International, Indian Railway Catering & Tourism Corporation (IRCTC), and RailTel Corporation of India all plummeted in today's trade between 7-14%. It is worth noting that these five stocks rallied up to 58% in the last week alone, despite frontline indices finishing the week in red. According to the analysts, the sharp rally in railway stocks was attributed to the anticipation of the Government of India (GoI) unveiling fresh investments for railway infrastructure development in the upcoming 2024 budget.

23.01 / 10:13

Digital CEO Trade reports Schools International Computer parts maker Logitech works for growth after beating forecasts

Logitech International's new CEO on Tuesday said the company would work to return to growth as it forecast annual sales would decline less than previously anticipated and reported third-quarter revenue that beat expectations. The maker of computer mice, keyboards, and webcams has been dealing with customers wrestling with inflation, and uncertainty among businesses about how to equip their offices as they move to hybrid working.

23.01 / 09:05

Citi Fighting love War country International 21 Israeli soldiers are killed in the deadliest single attack on the army since the war began

Gaza Strip in the deadliest attack on Israel's forces since the October 7 Hamas raid that triggered the war, the military said Tuesday, a major setback that could add to mounting calls for a cease-fire. Prime Minister Benjamin Netanyahu mourned the soldiers but vowed to press ahead with the offensive until «absolute victory» over Hamas. He has also promised to return over 100 hostages held captive in Gaza.

23.01 / 08:41

COST Citi Booking hospital travelers International Hotels, tour operators, and more: 4 Key sectors to benefit from Ram Mandir inauguration

Indian Hotels Co., ITC, Mariott, Lemon Tree, Trident, and Oberoi are also planning hotel openings in the area. ITC is opening a seven-star property, 12 km from the temple. Meanwhile, IHCL is building Vivanta and Ginger-branded hotels.

23.01 / 05:53

security Strategy Align performer social information International IndiaFirst Life Insurance strengthens leadership deck

IndiaFirst Life Insurance Company has bolstered its key leadership deck, appointing Sunder Natrajan as the chief human resources officer (CHRO) and Amrish Maheshwari as the chief risk officer (CRO). “I am happy to announce the strategic leadership appointments of Sunder Natrajan as our CHRO and Amrish Maheshwari as the new CRO. Their proven expertise and dedication align seamlessly with our vision,” Vishakha RM, managing director, IndiaFirst Life Insurance, said in a statement. Natrajan, who was earlier the CRO at the private life insurer, has taken on the role of CHRO to lead the organisation's human resources initiatives, aligning them with the company's overall growth objectives.

23.01 / 04:51

Provident Fighting International These credit cards by top 5 banks including HDFC Bank, ICICI Bank offer free access to airport lounges. Check full list

In case you fancy free access to domestic and international airport lounges or steep discount at restaurants, you can – among other things – apply for a bank’s credit card. They will also offer a number of other benefits such as cash backs and discount on fuel.

23.01 / 02:27

COST Reuters Healthcare students Universities reports International Canada announces immediate two-year cap on new student permits - here's why

housing crisis. The two-year cap is expected to result in approximately 360,000 approved study permits in 2024, a decrease of 35% from last year, the immigration ministry said in an official statement. Immigration Minister Marc Miller said the federal government would work with the provinces, which oversee the educational system, to apply the cap, according to a report published by Reuters. He said the main reason for the cap is to protect students who attend colleges, which are often private-public partnerships that provide inadequate services at high costs, but also to ease pressure on housing and services.

23.01 / 01:43

UPS Citi Provident Parke country reports International Ram temple a reality, more on cards for Ayodhya: How govt plans to put 'Land of Shree Ram' on world tourism map

“India's biggest religious tourism hub". But the government seems to have a much bigger plan for Ayodhya — dubbed as "The Land of Sree Ram" by it. The Union and the Uttar Pradesh governments plan to put the city "on the map of world tourism in the years to come".

23.01 / 01:43

wellness testing Updates International Visa issues: England cricketer of Pakistan origin still stuck in UAE; Test starts on January 25

cricket operations, is staying with Bashir. The ECB, under coach Brendon McCullum's guidance, is urgently liaising with Indian authorities for a solution. They are hopeful; updates may come soon.

23.01 / 01:43

Citi Yellow Mercury show cover reports International Delhi Weather: Fog covers the city amid yellow alert, flights and trains delayed, mercury rises slightly

fog is expected to envelop the city on January 23. Safdarjung, Delhi's primary weather station, reported a visibility of 500 metres at 5:30 am, while at the Indira Gandhi International Airport (IGIA), visibility was 1,000 metres at 6:30 am. The IMD predicts mainly clear skies with moderate to dense fog in the morning.

22.01 / 23:19

COST CEO Research Courts Investigations International FTX bankruptcy case needs independent examiner, U.S. court rules

A federal appeals court has ordered the appointment of an independent examiner in the bankruptcy case of FTX amid concerns about widespread fraud preceding the collapse of the multibillion-dollar cryptocurrency exchange.

22.01 / 20:53

Provident wellness students country medicines Schools International Canada announces two-year cap on international student admissions

MONTREAL — Immigration Minister Marc Miller is announcing a two-year cap on international student admissions.

22.01 / 20:33

COST UPS Waters Fox Trade Traffic International Global shipping rates skyrocket as Red Sea crisis deepens

Alba Wheels Up International founder Salvatore Stile breaks down the impact that Houthi rebel attacks have had on international and domestic business.

22.01 / 18:31

UPS Citi Airlines reports Traffic International Delhi airport to Noida airport in 80 minutes; UP govt approves Rs 16,000 crore rapid rail corridor

Noida Airport is likely to have direct connectivity with Delhi’s Indira Gandhi International Airport. The Uttar Pradesh government has approved a Rs 16,000 crore rapid rail corridor that will connect the two airports along with other parts of Delhi. The National Capital Region Transport Corporation (NCRTC) is working on a detailed project report which will be completed by March. After the project is started it will take four years to complete, Shailendra Bhatia, Uttar Pradesh government's Nodal Officer at Noida International Airport Limited said. The rail corridor will be a major boost in the greenfield’s airport attraction and will allow it to capture spill over passenger traffic from the Delhi Airport.

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