International Financial News

Pakistan-occupied Kashmir (PoK) as «highly objectionable», India has registered a 'strong protest' with the British High Commissioner in India. This comes after British envoy Jane Marriott visited Mirpur city in the PoK region along with an official of the UK Foreign Office. «India has taken a serious note of the highly objectionable visit of the British High Commissioner in Islamabad, along with a UK Foreign Office official, to Pakistan-occupied Kashmir on 10 January 2024,» the Ministry of External Affairs said in a statement on Saturday. «Such infringement of India's sovereignty and territorial integrity is unacceptable,» it added. Foreign Secretary Vinay Kwatra has lodged a strong protest with the British High Commissioner in India on this 'infringement'. The Union Territories of Jammu and Kashmir and Ladakh «have been and shall always remain an integral part of India,» MEA added. In October last year, the US envoy to Pakistan, Donald Blome, visited the Pakistan-occupied Kashmir region. New Delhi conveyed to Washington its 'strong objection' to the visit and urged the international community to respect its «sovereignty and territorial integrity».

Commercial operation of the Navi Mumbai International Airport will commence by March 31, 2025, Union Civil Aviation Minister Jyotiraditya Scindia said on Saturday. He also said that as much as 55-60 per cent of the work on the project has been completed.

HANOI — Vietnam is set to achieve a 6% growth in its gross domestic product (GDP) for the year 2024, a target that aligns with the projections made by HSBC and the expectations of the National Assembly. The Southeast Asian nation is experiencing an economic upswing, buoyed by substantial foreign direct investment (FDI) inflows, which saw $36.6 billion registered and $23.2 billion implemented in the preceding year.

clean and sustainable energy source: green hydrogen. India is poised well towards meeting the essential climate goals it has set out for itself at different global fora over the last several years. The recent announcement of the detailed guidelines for the Production Linked Incentive (PLI) schemes for green hydrogen production and electrolyser manufacturing by MNRE under the flagship SIGHT programme of the National Green Hydrogen Mission is one such step.

ALSO READ: Navi Mumbai international airport to become operational by end of 2024, says Jyotiraditya Scindia "Today morning I had a flight at 8:30. It's 10:50 now and the flight has still not boarded. BUT the flight said we were boarding and put all the passengers in the aerobridge and LOCKED IT," she said.

Russian tourists going on a ski trip will be the first international travelers to visit North Korea since the country’s borders closed in 2020 amid the global pandemic lockdown

Israel is rejecting allegations levied by South Africa that its campaign against Hamas amounts to genocide against the Palestinian people

The International Olympic Committee has signed the first beer brand in the 40-year history of a sponsorship program that earns billions of dollars for the organization and international sports

Delta Air Lines says it closed 2023 strong and expects another good year in 2024

Detroit’s big auto show is returning to January after an ill-fated two-year move to warmer September in an effort to create more outdoor experiences and draw more consumers

Radhika Apte on Saturday shared that along with other passengers, she was locked in aerobridge of Chhatrapati Shivaji Maharaj International Airport with no access to water or loo. Taking to her Instagram account, the actor shared visuals of passengers in the aerobridge after the flight was delayed and the airlines staff locked them in. «The passengers with small babies, elderly people have been locked in for over an hour. The security won’t open the doors.

Radico Khaitan's Rampur Asava Indian Single Malt Whisky has been awarded the Best World Whisky in the 2023 edition of the prestigious John Barleycorn Awards. In 2023, the IMFL-made whisky became the only Indian whisky brand in the Top 100 Premium Wine and Spirits Brands of the World 2023. Rampur Asava will soon be available for Whisky aficionados in the Indian domestic market. Elaborating on this award, Rampur Asava’s quality and unique characteristics were highlighted by the John Barleycorn Awards. “Rampur’s innovative approach to the ageing process distinguishes it from other world whiskies.

Real Estate Regulatory Authority (Rera) in Uttar Pradesh and Haryana have cautioned the home buyers to do due diligence before investing in any property. The Uttar Pradesh Rera has asked both developers and buyers to not pay or ask over 10 per cent payment for any property before signing Builder Buyer agreement.

By Brendan O'Brien and Rich McKay

REC Ltd on Friday said it has raised JPY (Japanese Yen) 61.1 billion (about Rs 3,500 crore) by issuing green bonds. Proceeds from the issue of the Bonds will be applied to finance the eligible green projects in accordance with the company's Green Finance Framework, the RBI's ECB guidelines and the approvals granted by it from time to time, a statement said. According to the statement, REC Ltd has successfully issued its inaugural JPY 61.1 billion 5-year, 5.25-year and 10-year Green bonds issued under its USD 10 billion Global Medium Term Notes Programme. The REC Ltd's eleventh venture into the international bond market and inaugural Yen Bond issuance, which is also the first Yen Green Bond issuance by any Indian PSU.

TAIPEI (Reuters) — The plight of Tibet has become less discussed internationally but repression continues and China is applying what it did there to other regions, a former head of the Tibetan government-in-exile said on Saturday.

Sweden's government and military urging Swedes to be ready for war has triggered panicked buying, frightened children and a fierce debate in the Nordic country. While Sweden has contributed troops to international peacekeeping missions, the country has not been directly involved in an armed conflict since the Napoleonic era. The realities of war are therefore foreign to most Swedes. «There could be war in Sweden,» Minister for Civil Defence Carl-Oskar Bohlin told an annual defence conference on Sunday, warning Swedes against complacency. Days later, the sentiment was echoed by the commander of Sweden's armed forces Micael Byden, who showed pictures of burnt out and bombed houses from Ukraine. «Do you believe that this could be Sweden?,» Byden asked the audience, later explaining that the question was not a rhetorical one. "Russia's war against Ukraine is a step, not an end goal, for the ambition to establish spheres of influence and tear down the rule-based world order," he added. Ending two centuries of neutrality and military non-alignment, Sweden applied to join NATO in May 2022, in the wake of Russia's invasion of Ukraine, though its bid is currently held up by Turkey and Hungary. In early December, Stockholm and Washington signed a pact paving the way for US forces to operate in Sweden. Byden then went on to say that Swedes needed to «mentally prepare for war.» — Anxious children - The statements were widely spread by news outlets and social media. Subsequently, children's rights group Bris said it had seen a noticeable uptick in calls to its support hotline from children worried about the prospect of an impending war. «Many children already have a level of anxiety that was made worse by this news,»

Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors Ltd, on Friday said it rolled out the first Tata badged car from its new plant in Gujarat's Sanand1. The plant was acquired from Ford India last year. «Witnessing the first car roll out of the new TPEM facility in Sanand is a proud moment for us. We have successfully retooled the factory in the shortest span of 12 months, taking it to new level to accommodate a wide range of existing products and future new models to come,» Tata Motors Passenger Vehicles Ltd & TPEM Managing Director Shailesh Chandra said.

Maharashtra has been marked as India's first Dark Sky Park and the fifth such park in Asia for protecting the night sky and preventing light pollution, making the facility ideal for astronomy enthusiasts. The International Union for Conservation of Nature (IUCN) emphasises on the recognition of the intrinsic value of the night sky as a natural, cultural, and historical resource.

The commerce ministry said that the two ministers noted that the movement of professional and skilled workers, students, investors and business visitors between the countries contributes immensely to enhancing bilateral economic and technological partnership. «Minister Goyal highlighted challenges being faced by business visitors from India due to visa processing time periods and requested the US to augment processing,» the statement said.

Gold rate today: Despite swift recovery from the one-month low, gold price ended 0.30 per cent lower in the week gone by. The gold futures contract for February 2024 expiry on Multi Commodity Exchange (MCX) finished at ₹62,390 per 10 gm level on Friday, logging a marginal intraday gain of ₹28 per 10 gm. In the international market, spot gold price closed at $2,048 per ounce level.