International Financial News

International Battery Company (IBC), which manufactures lithium-ion cells for electric vehicles and plans to set up a factory in Karnataka, closed its maiden funding round at $35 million, led by RTP Global. The round has also seen participation from Beenext, Veda VC along with other strategic Korean and US investors and supply partners.

There’s plenty of money to be made by investing in the green energy transition, and financial professionals who say otherwise aren’t paying attention to the facts, according to Brookfield Asset Management Ltd. chair Mark Carney.

₹2.7 crore on IndiGo, Air India, SpiceJet and the Mumbai airport following passenger inconvenience and violation of security norms amid fog-related disruption in air travel over the past few weeks. The regulators have imposed a cumulative penalty of ₹1.2 crore on India's largest airline IndiGo, ₹90 lakh on Mumbai airport and ₹30 lakh each on Air India and SpiceJet.

₹1,215 crore). The fund plans to invest $10-30 million each in 10-12 middle market companies across five key sectors—financial services, consumer, healthcare, technology & business services, and specialty manufacturing, a company statement said. European Investment Bank, US International Development Finance Corporation, Self-Reliant India (SRI) Fund, HDFC Fund of Funds, large domestic insurance companies & financial institutions, family offices and HNIs from across the world are some prominent investors that participated in the second fund.

The Apple (NASDAQ:AAPL) Watch Series 9 and Apple Watch Ultra 2 – the two models equipped with blood oxygen features – face another sales ban in the United States, effective as of 5:00 pm ET on January 18, 2024.

shipping companies to notify authorities about any vessels with Indian seafarers taking the troubled Red Sea route and will also ensure easier flow of credit to exporters in view of delays and increase in cargo transport costs. New Delhi is also in talks with Iranian authorities to find a diplomatic solution, officials said. A high-level inter-ministerial group chaired by the commerce secretary Sunil Barthwal, which has officials from ministries of external affairs, defence, shipping ministry and finance, met Wednesday to take stock of the situation and undertake measures to shield domestic industry and ships from the crisis. «MEA is negotiating diplomatically with affected countries to find a credible solution soon,» a government official privy to the deliberations told ET. Another official noted that security protocols had been put in place to secure the troubled route with international collaboration. The official said shipping companies have been directed to notify authorities before they venture towards Europe via the troubled Red Sea route. These protocols have been put in place to ensure safety of Indian seafarers irrespective of the flag on the vessel they are on. At the IMG meeting, defence ministry official said surveillance had been intensified in the Arabian Sea and more mechanisms had been put in place. «Since the route is jointly secured by Western nations and India, the shipping companies now need to take a call on how much movement they want to undertake on the Red sea,» the official said on condition of anonymity, while adding that even if shipping companies do not notify, the government was closely monitoring all activity on the route. Focus on credit support The centre wants to ensure

Congress has termed BJP government's move to cancel Centre for Policy Research's FCRA licence as a «petty act of cowardice». The main opposition party said it was «sad and amusing» that the scholars of a think tank could scare the government. In a written statement released by the party, All India Professionals Congress chairman Praveen Chakravarty said: «For a government that often boasts of leading the nation to a global superpower status, it is both sad and amusing that a think tank of scholars should scare them.

Apple on Wednesday failed to convince a federal appeals court to allow U.S. imports of Apple Watches with technology for reading blood-oxygen levels while it challenges a government tribunal's decision that the devices infringe patents belonging to medical technology company Masimo. The ruling by the U.S. Court of Appeals for the Federal Circuit means the affected watches cannot be imported while Apple appeals the underlying ban issued by the U.S. International Trade Commission.

Disney Branded Television has announced the acquisition of two additional seasons of the immensely popular animated series, Miraculous: Tales of Ladybug & Cat Noir, along with three original animated specials from ZAG Studio and Method Animation, a label under Mediawan Kids & Family. As fans eagerly await the new content, here's a comprehensive look at what's in store for the sixth and seventh seasons.

₹1.7-1.8 trillion because of lower international prices and smaller urea imports, said chemicals and fertilizer minister Mansukh Mandaviya on Wednesday. In FY23, the Centre spent ₹2.25 trillion on fertilizer subsidies, as per revised estimates. The budgeted estimates for the ongoing fiscal year is ₹1.75 trillion.

Tata Motors, the country’s leading passenger electric vehicle maker, cautioned on Wednesday. Shailesh Chandra, managing director, Tata Motors’ passenger vehicles and passenger EV divisions, said hybrid vehicles use a small battery pack and a motor that relies heavily on a fossil-fuel engine, effectively making them gasoline-run vehicles.

MUMBAI : Non-bank lender IIFL Finance Wednesday reported a 29% growth in net profit to ₹545 crore for the December quarter on higher loan sales and resultant interest income, cushioning the impact of higher regulatory charges. Overall loan growth jumped 34% to ₹77,444 crore, led by its key products like gold and home loans, which grew 35% and 25% to ₹24,692 crore and ₹25,519 crore, respectively. Microfinance grew higher at 54% to ₹12,090 crore, digital loans soared 96% to ₹3,905 crore, and loans against property jumped 27% to ₹7,862 crore, the company said in a statement.

ALSO READ: India vs Afghanistan Live Score Updates, 3rd T20 In just 64 balls, Rohit hammered his 5th T20 century and became the first and only player to have this number in international T20 cricket. He is now followed by Suryakumar Yadav, Australia's Glenn Maxwell, and Pakistan's Babar Azam.

₹1,447.98 crore for the December quarter, up 35% from ₹1,072.67 crore a year ago on the back of softening raw material prices and growth in luxury products. Revenue during the quarter rose by 5.4% to ₹9,074.9 crore primarily due to double-digit growth in the industrial business along with the extended festive season. “Growth was supported by the extended festive season, though we saw some moderation in demand in the latter part of the quarter.

₹1.2 crore on IndiGo over the incident wherein passengers were spotted having food on tarmac at Mumbai airport, according to PTI on Wednesday. A penalty of ₹60 lakh was also imposed on Mumbai airport operator MIAL, as per the orders issued by the BCAS.

Asian Paints Ltd consolidated net profit jumped 35% on year to ₹1,447.7 crore in the December quarter helped by a double-growth in volumes and as operating profit got a boost from lower raw material costs. The country’s largest paint-maker’s volume growth of 12% was largely in line with market expectations, while the bottomline was marginally ahead of Street estimates. Consolidated sales, meanwhile, rose by a little over 5% to ₹9,074.9 crore. The company has guided for its volume momentum and the softness in raw material prices sustaining in the current quarter.

India's top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi's drive to reduce pollution, taxing them at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars. That has upset the likes of Japanese automaker Toyota, which popularised hybrids with the Prius, and has since last year been urging India to cut taxes on them, saying they reduce carbon emissions compared to gasoline cars.

ALSO READ: Bharatiya Antariksha Station by 2030, presence on Moon by 2040: Somnath reveals ISRO goals at Gujarat Space Conference Reflecting on the recent successes and the guidance provided by Prime Minister Narendra Modi, Somanath said the prime minister has always been a fervent advocate for the space endeavours of India. "Let me look at the type of vision that the prime minister has given after this success story of the last six months.

NEW DELHI : India's top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi's drive to reduce pollution, taxing them at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars.

SHANGHAI/BEIJING (Reuters) -SAIC Motor Corp plans to add 14 vehicle vessels in the next three years to its fleet of carriers as the state-owned Chinese automaker aims to boost sales in overseas markets, it said on Wednesday.

₹61,901 per 10 grams. Silver prices also fell 0.67% to ₹71,607 per kg. International gold prices hit a near one-week low as the US dollar strengthened, while traders awaited comments from more Fed speakers this week.