International Financial News

Google India Digital Services has joined hands with the NPCI (National Payments Corporation of India) to enable UPI to expand its footprint across the globe.

By Jonathan Saul

Pran Pratishtha’ of Ram Lalla, all central government offices, central institutions and central industrial establishments across the country would remain closed for half a day till 02:30 pm." “Various activities have been planned by organizations and groups of people across India and abroad to coincide with the Pran Pratishtha ceremony in Ayodhya," said the order. National broadcaster Doordarshan has made elaborate arrangements for live telecast of the event.

₹19 lakh. As he had a cover of $100,000, the same was covered under his international travel insurance policy. Claims due to emergency medical treatment are in fact the third most common claims at Digit.

₹100, the Railways must spend ₹98. A fall in operating ratio means the transporter has more money left for capital expenditure, and vice versa. After falling to 97.45% in FY21, the railways’ operating ratio rose to 107.39%, 98.22% and 98.45% in FY22, FY23 and FY24 (budget estimates), respectively.

Newly unredacted documents from New Mexico’s lawsuit against Meta underscore the company’s historical reluctance to keep children safe on its platforms

CNN's new chief executive, Mark Thompson, said in a strategy memo to his staff that the organization needs to recapture the “swagger and innovation” of its youth

Apple says it will disable a blood-oxygen monitoring feature on its two most popular watches in the U.S. beginning Thursday to comply with a court-ordered revival of a sales ban stemming from a patent dispute

SAEL Ltd, which converts agricultural waste into energy, is close to finalising a fundraise of $1 billion (about ₹8,300 crore) from US and European investors, said people aware of the matter. US International Development Finance Corporation (DFC) and Norfund, which is owned by the Norway government, are likely to participate in the fundraising along with some domestic investors who could collectively pump in funds in a combination of equity and debt in the company, according to the people. The fundraising is likely to include an equity component of $150 million and the remaining $850 million could be raised by way of loans or debt securities issued to investors, they said. DFC recently committed around $500 million of financing to Adani Ports and Special Economic Zone's port terminal project in Sri Lanka. Norfund is an existing investor in SAEL. ET's queries to SAEL, DFC and Norfund did not elicit a response till press time. Delhi-based SAEL, promoted by Jasbir Awla, has established waste-to-energy conversion projects in Haryana, UP, Rajasthan and Punjab and also operates solar power plants. Awla's other business interests include warehousing and agro-processing.

₹145.60 apiece on the BSE. Similarly, shares of Hindustan Petroleum Corporation Limited (HPCL) surged significantly and were locked at five per cent upper circuit to hit a 52-week high mark of ₹461.80 apiece on the BSE. Also Read: ‘Oil markets well supplied’, says IEA as it raises 2024 global demand forecast; projects lower than OPEC Additionally, shares of Bharat Petroleum Corporation Limited (BPCL) rose around three per cent to hit an intraday high of ₹480.75 against a 52-week high of ₹482.05 apiece on the BSE.

Pakistan’s air force launched retaliatory airstrikes early Thursday in Iran, allegedly targeting militant hideouts, an attack that killed at least nine people and further raised tensions between the neighboring nations.

Guwahati: Daikin Airconditioning India Pvt. Ltd. (DAIPL), the fully owned subsidiary of Daikin Industries Ltd., Japan is targeting a turnover of Rs 100 Crore from Northeast India in next fiscal year.

The United States has put Yemen’s Houthis rebels back on its list of specially designated global terrorists

Reserve Bank has called upon internal ombudsmen of banks, NBFCs, and CICs to provide inputs for enhancing internal systems and processes. As part of the Reserve Bank's continuing engagement with regulated entities, the second Conference of Internal Ombudsmen on the theme 'Orchestrating Customer Delight through an Empowered Internal Ombudsman', was held in Mumbai on January 16, 2024.

Ph.D. scholars, with an aim to incentivising research. The institute announced a 20-25% increase in stipends for the scholars enrolled in IIMK’s Doctoral Programme in Management (DPM), which leads to the award of Doctor of Philosophy (Ph.D.) as per the latest proposal approved by the institute’s Board of Governors. IIMK’s DPM is a full-time, residential, and fully financed doctoral programme.

Royal Bank of Canada’s Chief Executive Dave McKay is eyeing expansion in the US market through the bank’s capital markets franchise. 

Kristalina Georgieva on Thursday said interest rates should keep falling in 2024 but cautioned that there is no room for any policy error as the last mile is «very, very tricky». In an interview with the World Economic Forum here during its Annual Meeting 2024, she said that the central banks should not tighten prematurely because then they may lose the victory that is now in their hands. Expecting the positive trend to continue in 2024, she said, «The inflation rate is going down, on average.» The International Monetary Fund's Managing Director, however, flagged the regional discrepancies still persisting around.

₹800 crore investment to develop three greenfield resorts over the next five to six years. It said the investments will come from the internal accruals and will be infused over the next five to six years as the company identifies and finalizes the locations. This, the company said in a statement, will be its second-largest investment yet.

The Employees’ Provident Fund Organization (EPFO), under the Ministry of Labour & Employment, Government of India, issued a significant circular (No: WSU/2024/1/UIDAI Matter/4090) on January 16, 2024. The circular announced the removal of Aadhaar from the list of acceptable documents as proof of date of birth (DoB). This decision followed a directive from the Unique Identification Authority of India (UIDAI) as detailed in Circular No. 08 of 2023.

Despite property prices rising up to ~40% across the top seven cities of India over the last 24 months and higher mortgage rates, demand for luxury real estate remains high, and as much as 71% of UHNIs and HNIs in India wish to buy luxury real estate in the next 12-24 months, compared to 61% last year, according to a survey conducted by India Sotheby’s International Realty.

Geophysicists have uncovered that the movement of the Indian tectonic plate is not only responsible for the growth of the Himalayas but may also be causing the division of Tibet into two separate entities.