International Financial News

Canada has finally announced its much-anticipated plans to restrict international students moving into the country. Immigration, Refugees and Citizenship Canada (IRCC) has unveiled a temporary cap on the issuance of study visas for international students. According to the information released by IRCC, the cap for the year 2024 is anticipated to lead to approximately 360,000 approved study permits, marking a 35% decrease from the figures recorded in 2023. Think you check all the immigration boxes? Find out “International students are vital to Canada and enrich our communities. As such, we have an obligation to ensure that they have access to the resources they need for an enriching academic experience. In Canada, today, this isn’t always the case. Today, we are announcing additional measures to protect a system that has become so lucrative that it has opened a path for its abuse. Enough is enough. Through the decisive measures announced today, we are striking the right balance for Canada and ensuring the integrity of our immigration system while setting students up for the success they hope for,” Marc Miller, Minister of Immigration, Refugees and Citizenship, said. IRCC is set to implement caps for each province and territory, with these limits being proportionate to the respective populations. This strategic move aims to address the substantial growth of the international student population in provinces where the surge has been deemed unsustainable. These caps will not affect existing study permit holders or those seeking permit renewals. Masters and doctoral degree pursuits are also exempt from these limitations.

scientist, a specially abled painter and a 'Google boy' were among the 19 children who were conferred with the Pradhan Mantri Rashtriya Bal Puraskar 2024 on Monday. President Droupadi Murmu presented the national awards to them for their exceptional achievements. Among the winners is Aaditya Vijay Brahmane, 12, from Maharashtra, who was awarded posthumously for his extraordinary act of courage.

74th Berlin International Film Festival revealed its complete lineup at the official press conference in the House of the World Cultures in Berlin. Mariëtte Rissenbeek, Berlinale managing director, and Carlo Chatrian, the artistic director have presented the movies competing for the Golden and Silver Bears this year, both in the encounters and competition segments.

BBC, the visa scheme was severely criticised in the country for increasing corruption and allowing wealthy foreign nationals to park illegal funds in Australia. Moreover, the dominance of Chinese investors was visible on the list of successful applicants as the Australian government data revealed that 85% of the SIVs were granted to people from China.

Shri Ram Lalla was unveiled for devotees across the world on Monday, prominent publications gave it aplace in their online space. The Ram Lalla idol was unveiled during the grand 'Pran Pratishtha', which involved hour-long rituals led by Prime Minister Narendra Modi.

valiant and tantalizing world of crime with the approaching prequel series of The Sexy Beast. Built on the foundation of the bequest of the cult classic movie released in 2000 and directed by Jonathan Glazer, this series on Paramount+ is a promising take, unraveling the undisclosed background of the original film's friends-turned-foes, who are Don Logan played by Emun Elliott and Gal Dove portrayed by James McArdle. Set against the strong background of London in the 1990s, the series takes the audiences on an exciting journey through the rapidly-paced city life along with its several inclinations. Further revealing the concealed agenda driving the plot, one should brace themselves up as the younger versions of Don and Gal get exposed to the underworld for the first time and gradually climb from being small-town robbers to fearful gangsters.

Union Ministry of Home Affairs (MHA) has sanctioned about 1022 kms of roads under Vibrant Villages Programme (VVP) programme for the state. Khandu, who is on a tw-day tour of Upper Siang district, at Tuting today appealed members of the five resident communities — Memba, Khamba, Adi, Mishmi and Tangam – to coexist peacefully and become equal stakeholders in development of the border areas. In a public meeting, he said that the communities residing in the northern most part of the district that shares international border with Tibet-China have been living peacefully since ages and that there shouldn’t be any issue that disturbs this relationship of brotherhood. “Upper Siang’s Tuting administrative division is one of the most vivid and colourful in terms of the people living here. Each one of them are unique, distinct and independent.

Marc Miller announced on Monday.Miller announced a slew of other curbs while speaking at the Liberal cabinet retreat, which he said would reduce the intake by 35 per cent over the next two years.The cap, he said, would be distributed provincially per capita, according to population.“In order to maintain a sustainable level of temporary residence in Canada, as well to ensure that there is no further growth in the number of international students in Canada for 2024, we are setting a national application intake cap for a period of two years for 2024. The cap is expected to result in approximately 364,000 approved study permits, a decrease of 35 per cent from 2023,” he said.He added that the cap will look different for each province.“In the spirit of fairness, we are also allocating the cap space by province based on population,” Miller added, saying that “some provinces will see much more significant reductions.”Miller said he has already had “productive discussions” with the governments of Ontario and British Columbia.Miller said the cap will not apply to students at graduate levels of studies, including master’s and doctoral students.

Air Canada flight from London, England, to Toronto allegedly tried to open the aircraft doors midflight on Sunday, according to the airline and police.In a statement, Air Canada said there was an incident involving a “disruptive passenger” on the Toronto-bound flight from London’s Heathrow airport.Air Canada said their crews were able to manage the situation with the passenger, which allowed for the flight to continue normally to Toronto Pearson Airport.The flight landed in Toronto just after 3 p.m.

Special forces of India and Kyrgyzstan on Monday kick-started a 13-day exercise in Himachal Pradesh's Bakloh with a focus on combating terrorism and extremism. It is the 11th edition of India-Kyrgyzstan annual 'Khanjar' exercise.

Ram Lalla took place today in the presence of Prime Minister Narendra Modi, Uttar Pradesh Chief Minister Yogi Adityanath, saints, and a host of distinguished guests. Meanwhile, neighbouring Pakistan in its first reaction to the event the country's foreign office said in a statement that the consecration ceremony is "indicative of India's growing majoritarianism.' “Deplorably, India’s superior judiciary not only acquitted the criminals responsible for this despicable act but also allowed the construction of a temple on the site of the demolished mosque," Pakistan's foreign ministry said in a statement.

₹177 crore from ₹205.6 crore in 2021-22, as per regulatory filings sourced from Tofler. Its revenue from operations ballooned to ₹131.4 crore from ₹47.4 crore in the same period.

United Arab Emirates and Bahrain in September 2020. Sudan normalised relations with Israel the following month and Morocco in December 2020. Negotiations between Israel and Saudi Arabia were disrupted by the war between Israel and Hamas which began in October 2023.

S Jaishankar on Monday said Global South is about a «mindset, a solidarity and a self-reliance». Addressing the Nigerian Institute Of International Affairs (NIIA) here on India and the Global South, he said the global agenda today is on promoting rebalancing and multipolarity, thereby restoring the world to its natural diversity.

A team of seven advisors who managed around $650 million in client assets at LPL Financial has made a move to Stifel Independent Advisors.

Track Ram Mandir live updates here “Property prices in Ayodhya have risen by 5-10 times ever since the construction of Ram Mandir broke ground. Based on the type of property and proximity from the temple, price of land and properties have escalated, with rates fluctuating between ₹2000 per sqft to almost ₹20000 per sqft within 5-10 kms of the temple site. With lakhs of visitors expected to visit the temple city post inauguration, it is expected that the prices can go up by 12-20 times in the next decade," said Ravi Nirwal, Sales Director and Principal Partner, Square Yards.

Coimbatore, 22nd January 2024: Ashton Gray, a leading investment and development firm located in Houston, Texas, announces the launch of its latest and fifth land development project, Elgin, in India, exclusively for Indian investors. Nestled strategically in the heart of Bastrop County, Elgin offers convenient access to downtown Austin, a prominent city in Texas, located just 25 miles away. Situated in the robust suburbs of Austin, with amenities like an Elementary, Middle and International school, a Walmart Supercentre, a veterinary hospital and a host of other amenities and facilities, Elgin looks to be a promising investment to many.

Tech Mahindra on Monday announced the appointment of former Tata Consultancy Services chief marketing officer Rajashree R as its chief growth officer for strategic verticals in the Americas. Rajashree comes with extensive experience in retail and marketing at TCS where she worked for almost 20 years. Her resignation from TCS was announced in July, soon after former chief executive Rajesh Gopinathan’s abrupt exit in March 2023.

Air India on Monday commenced the commercial operations of its first wide-body A350 aircraft with a flight taking off for Chennai from the Mumbai airport. The 316-seater A350-900 aircraft has a three-class cabin configuration with 28 private business suites with full-flat beds, 24 premium economy and 264 economy seats.

Tata Motors Passenger Vehicles MD Shailesh Chandra has revealed the launch timeline of Curvv EV and Harrier EV.

The ancient city of Ayodhya, historically known as Saketa, is on the brink of a transformative real estate boom, propelled by its rich cultural legacy, spiritual significance, and the ongoing development initiatives. As we delve into Ayodhya’s historical tapestry, its current urban development, and the burgeoning investment opportunities, we witness the intersection of tradition and modernity in this sacred city.