International Financial News

BEIJING — Chinese Vice Premier He Lifeng met with global financial executives Wednesday and pledged to make it easier for foreign institutions to invest in the country, state media said.

Hero MotoCorp Ltd.(up 3.06 per cent), Tube Investments of India Ltd.(up 2.21 per cent), Balkrishna Industries Ltd.(up 1.87 per cent), Samvardhana Motherson International Ltd.(up 1.47 per cent) and Bajaj Auto Ltd.(up 1.43 per cent) were among the top gainers. were the top losers on the index.

Nikhil Gupta, a 52-year-old Indian citizen entangled in an alleged plot to eliminate Sikh separatist Gurpatwant Singh Pannun. A federal judge in New York has recently taken a significant stride to ensure transparency in the evolving legal proceedings. The legal proceedings kicked off on January 4, 2024, when Gupta's legal team submitted a motion, urging the court to compel the release of discovery materials. Responding promptly, US District Judge Victor Marrero, through a directive issued on January 8, instructed the government to provide a response to the motion within a concise three-day timeframe.

The opposition Congress party has often seemed internally conflicted about the issue that led the Bharatiya Janata Party’s (BJP) ascent to political dominance in India over the span of a quarter century: a Ram temple in Ayodhya on a site that once had a mosque. On Wednesday, however, it caught fans and foes alike by surprise with its clarity on why its leaders Sonia Gandhi, Mallikarjun Kharge and Adhir Ranjan Chowdhury have “respectfully declined" an invitation to attend the temple’s inauguration on 22 January.

Yemen's Houthi rebels on merchant and commercial vessels in the Red Sea area. The resolution, sponsored by the United States and Japan, says at least two dozen Houthi attacks are impeding global commerce «and undermine navigational rights and freedoms as well as regional peace and security.»

Passport Index, offering their citizens visa-free access to a record-breaking number of destinations. According to data from the International Air Transport Association (IATA), France, Germany, Italy, Spain, Japan, and Singapore now boast the most powerful passports globally, enabling their citizens to visit an impressive 194 destinations out of 227 worldwide without the need for a visa. Are you immigration ready? Find out Four EU member states—France, Germany, Italy, and Spain—have now joined them at the top. Dr. Christian H. Kaelin, Chairman of Henley & Partners and the originator of the passport index concept, highlighted the widening global mobility gap. «The average number of destinations travelers can access visa-free has almost doubled from 58 in 2006 to 111 in 2024. However, the top-ranked countries now have a staggering 166 more visa-free destinations than Afghanistan, which ranks at the bottom with access to just 28 countries without a visa,» he said. South Korea takes the second spot alongside Finland and Sweden, enjoying visa-free access to 193 destinations. In the third spot, four EU nations—Austria, Denmark, Ireland, and the Netherlands—share access to 192 destinations.

Rajnath Singh on Wednesday said Beijing's perspective has altered drastically with the emergence of New Delhi as a 'strategic power'. «A columnist for the Global Times, which, in a way, is a mouthpiece for China, published an article with the headline 'What I see about Bharat narrative in India'. This article is a ringing affirmation of the changing Chinese perspective on India.

Pran Pratishtha' ceremony at Ram Temple in Ayodhya, several BJP leaders on Wednesday arrived in the temple town to take stock of the preparations for the event on January 22. Speaking to media persons, BJP national secretary Tarun Chugh said, «The Pran Pratishtha would signal the end of 450 years of exile. PM Narendra Modi will be here for the opening of the Ram Temple on January 22.

Gaza, as Prime Minister Benjamin Netanyahu publicly rebuffed for the first time calls by some right-wing ministers to permanently occupy the enclave. As Israel's war in Gaza continued to rage, the International Court of Justice in The Hague, also known as the World Court, was to hold hearings on Thursday and Friday in a case brought by South Africa in December claiming Israel's war against Hamas militants in Gaza violates the 1948 Genocide Convention.

Wipro Consumer Care Ventures –the venture capital arm of Wipro Consumer Care & Lighting, Mirabilis Investment Trust, and She Capital, along with existing investor Fireside Ventures. The funds will be used to enhance distribution growth, expanding reach into non-metro cities and international markets. It will be also employed for brand-building and marketing initiatives.

As artificial intelligence (AI) rapidly evolves, becoming more capable and accessible than ever, AI-fueled misinformation and disinformation led a ranking of global leaders' top concerns for the next two years as the 2024 election year kicks off and geopolitical conflict persists, the World Economic Forum's (WEF) Global Risks Report 2024 found.

 Evercore ISIs Mark Mahaney reveals why Amazon is a number-one pick for investors and breaks down Meta performance on The Claman Countdown.

(Reuters) -Amazon.com will lay off several hundred employees in its streaming and studio operations, it said in an internal note on Wednesday as companies extend their massive job cuts over the past two years into 2024.

By Jorge Otaola

₹480 crore. Nikam said this segment of the business is a higher margin one and the company will look to grow this further in the coming years. The capacity expansion will also help increase the production of its popular entry-level whisky, MaQintosh.

SAN FRANCISCO : Artificial intelligence lab OpenAI has launched its GPT Store, a marketplace for personalized artificial intelligence (AI) applications, the company said in a blog post on Wednesday. The GPT Store is located within the popular ChatGPT chatbot, and is a place for users to discover and build GPTs, or AI customized for tasks like teaching math or designing stickers. It is OpenAI's attempt to build on the consumer success of ChatGPT, which introduced the world to generative AI last year, dazzling users with its ability to write humanlike prose and poetry.

Radisson Hotel Group announced the opening of its new hotel in Ayodhya on Wednesday. The company said the Park Inn by Radisson Ayodhya can be easily accessed by car or taxi from Maharishi Valmiki International Airport, and Ayodhya Cantt Railway Station. «We are pleased to have an early mover's advantage with the opening of our newest hotel in the sacred city of Ayodhya,» said KB Kachru, chairman emeritus and principal advisor, South Asia at Radisson Hotel Group. «With its rich cultural heritage and historical landmarks, Ayodhya holds a special place in the heart of our country.

Amazon.com will lay off several hundred employees in its streaming and studio operations, it said in an internal note on Wednesday as companies extend their massive job cuts over the past two years into 2024.

By Laura Sanicola and Valerie Volcovici

Mint. CORSIA, established by the International Civil Aviation Organization (ICAO), a United Nations agency, is the first global measure to reduce emissions from international flights. In 2016, the ICAO agreed to establish CORSIA framework, to set a carbon-neutral growth target from 2019.

Indian companies to list directly on foreign stock exchanges, a senior Nasdaq executive said. Indian companies are currently not allowed to list their shares directly on overseas markets, but global investors and top Indian startups have been calling for this to change. Allowing Indian companies to list abroad on exchanges like Nasdaq will give them wider access to capital, Nasdaq's Executive Vice Chairman Edward Knight said in an interview.