International Financial News

Commercial vehicle maker Ashok Leyland on Monday said it sold 1,98, 113 units in the Calendar Year (CY) 2023, surpassing its previous sales record of 1,96,579 units achieved in 2018. This record achievement underscores the company's product versatility and strong market presence, solidifying its position in the segment both in the domestic and international markets, the company said in a statement.

₹2,849 apiece in today's trade by gaining 6%, building on its strong momentum for the seventh consecutive trading session. In the last six trading sessions, the shares have jumped from ₹1,797 apiece to ₹2,689, resulting in a stellar gain of 50%.

₹425.96 crore. This buyout, funded entirely by internal accruals, brings ACC's ownership of ACCPL to 100%, with the total enterprise value of the acquisition at ₹775 crore, inclusive of ₹35 crore in cash and equivalent, the company said said in a filing with the stock exchanges. This acquisition aligns with ACC's growth strategy and commitment to creating value for stakeholders, said Ajay Kapur, chief executive, ACC Ltd.

Ukraine International Airlines Flight 752.Fifty-five Canadians and 30 permanent residents were killed when Iran’s Islamic Revolutionary Guard Corp shot down the passenger plane in the skies over Tehran with a pair of surface-to-air missles.While families deal with the ongoing sorrow, the Iranian regime has ramped up its campaign to try to silence those who speak out for the victims of Flight PS 752.Canadian Iranian human rights activist Hamed Esmaeilion — whose wife and daughter were killed in the downing of the flight — says his mother has been banned from leaving Iran for at least six months.“She was in distress. I have heard that she was shivering when she heard the news,” Esmaeilion says.His mother, Tooran Shamsollahi, was stopped at Tehran’s airport on her way to Canada to be with Esmaeilion to mark the anniversary of the deaths of his wife, Parisa, and nine-year-old daughter, Reera.Esmaeilion says he believes the ban is a form of revenge for his activism, following his calls for action after a former senior minister of the regime was seen vacationing in Canada.Seyed Hassan Ghazizadeh Hashemi is believed to have visited Canada after being spotted in the background of a TV news report on Quebec tourism and then caught on video visiting Casa Loma in Toronto in August 2023.Global Affairs Canada posted to X that it is deeply concerned about the intimidation of family members of victims of Flight PS 752.Canada is deeply concerned about new reports of intimidation of family members of the victims of Flight PS752.

Shares of Trident surged over 13% on Monday extending their gains to over 29% in a rally that has remained unbeaten over the last seven trading sessions. The rally sparked after the company informed the exchanges that the company enhanced its existing capacity of the yarn business at the Budhni unit in Madhya Pradesh. The disclosure was made on December 29. The company has extended the capacity by 189,696 spindles at an investment cost of Rs 830 crore which it did through term loan and internal accrual, the filing said.

GMR Airports Infrastructure share price jumped over 4% to touch a 52-week high on Monday's session in response to few news developments. According to an exchange filing, the company stated that Delhi International Airports Limited (DAIL), a step-down subsidiary, has been exempted from paying the Monthly Annual Fee (or MAF) for the period of March 19, 2020, to February 28, 2022, after the arbitral tribunal passed its decision on January 6.

NEW DELHI , BENGALURU : The Adani Group is looking to take its airports business global beginning with the Far East and Southeast Asia, a top executive aware of the development said. The expansion would be part of the second phase of the airport plans of the group, which entered the sector in 2020. “The new strategy will run parallel to the domestic expansion strategy through acquisition of airports being divested by the government, and also looking at bidding for greenfield airports," the executive said on the condition of anonymity.

Also Read: AU Bank Zenith+ Credit Card: From eligibility to benefits; all you need to know To boost your approval odds for the Standard Chartered Ultimate credit card, it's vital to meet these key criteria: Age range: 21 to 65 years. Income stability: A consistent monthly income. Credit score: A satisfactory rating.

Flipkart has been implementing these performance-based job reductions annually for the past two years. It has also frozen fresh hiring in the past year to control costs, these people said. Currently, the firm is closing $1-billion financing from Walmart and others, first reported by ET on December 21.

Startup India programme on January 16 with a focus on deep technology startups, said officials. These startups will work in areas including semiconductor chips and related research and design areas, quantum and high-performance computing, artificial intelligence and cybersecurity, they said. “The first phase was all about consumer internet and consumption or service-based startups. In the next wave, in India and globally, startup innovation and value are going to come from deep tech. They will be fewer but much more valuable,” said one of the officials, who did not wish to be identified.

The International Economic Association (IEA) conclave of 2023, a mecca for economists from all over the globe who meet once in three years, acknowledged last year as a difficult one, given how many mainstream assessments of a global recession and inflation went wrong. A need was emphasized for new intellectual ideas and methodological applications from beyond traditional economic thought, particularly in the context of scenarios in developing nations.

REC, one of the largest state-sponsored infrastructure financiers, will launch an offering of Yen bonds this week to raise at least Rs 2,500 crore, according to people aware of the matter. It has filed offering details with stock exchanges in Tokyo, London, Singapore and New York. REC has opted for a Regulation S offering which will make it compliant with US laws without the need for the company to register with the stock market regulator there.

Vedanta Group entity Serentica Renewables, a commercial and industrial (C&I) focused renewable energy developer in India, has raised a ?3,500 crore ($425 million) foreign currency loan for its round-the-clock renewable energy project in India. A consortium of three international banks (Rabobank, MUFG Bank, Societe Generale) and three Indian lenders (YES Bank, Export-Import Bank of India, India Infrastructure Finance Company) have structured the loan for Serentica. Rabobank acted as the sole structuring bank for this loan facility.

In the last year, Suzlon Energy's shares have rallied 277% while Benchmark Sensex gained 19%. The company is now debt-free and generating cash. Chief executive officer, J P Chalasani tells ET the company wants to insulate itself from being a cyclical organisation and build an annuity business model through its services business. Edited excerpts: Suzlon's shares rallied in the past year. What do you attribute this to? The answer is investor confidence.

T20 International format. MSK Prasad, the former chairman of selectors and wicketkeeper, stated on Sunday that if both Rohit Sharma and Virat Kohli have declared themselves fit for the T20 World Cup in June, then they need to be included in the T20I squad for the forthcoming series against Afghanistan. After the ODI World Cup, they were supposed to return to T20Is. India had matches against South Africa and Australia, but they missed both of those matches as well, which sparked debate over whether they would even play in the World Cup in June, which the USA and the West Indies would be co-hosting. If news about the ICC tournament in 2024 is to be believed, Kohli and Rohit have both committed to participate.

By Nidal al-Mughrabi

India vs Afghanistan: The Board of Control for Cricket (BCCI) on Sunday released Team India's squad for the upcoming IDFC First Bank T20 international series against Afghanistan. The T20 series will mark the return of skipper Rohit Sharma and star batter Virat Kohli, who will play the shortest format of the game after 14 months. The selectors have decided to give some rest to India's star pacers Jasprit Bumrah and Mohammed Siraj who bowled some impressive spells in South Africa.

Lok Sabha elections. Sources said senior leaders of the party have been told to reach out to other leaders of the alliance and talks with some parties have begun. Formal negotiations for seat-sharing with Aam Aadmi Party in Punjab and Delhi will begin on Monday, the sources added.

migratory birds, ranging from the bar-headed geese to egrets, have descended upon the Gharana Wetland Conservation Reserve near the International Border in Jammu. The wetland, located approximately 35 kilometres from Jammu, has become a 'haven for bird enthusiasts' as over 6,000-bar-headed geese and various other species from the northern hemisphere migrate to the region during winter annually. «Every year, over 6,000 migratory birds of many species, the majority of them bar-headed geese, arrive at the Gharana Wetland. This year so far over 3,000 to 4,000 such birds have arrived here from the northern hemisphere.

norms proposed to deal with pilot fatigue, including more rest hours, will help in putting in place a facilitative regime for pilots, according to Civil Aviation Minister Jyotiraditya Scindia. Against the backdrop of rising concerns about fatigue among pilots, aviation watchdog DGCA, in November 2023, proposed various changes to the norms governing duty timings of flight crew, including more rest time for pilots.

Maldives government on Sunday distanced itself from derogatory remarks made by its minister Mariyam Shiuna against Prime Minister Narendra Modi and suspended her and two other Ministers for their act. In a statement following India’s protest, the Maldivian government said the ‘opinions are personal and do not represent the views of the Government of Maldives’.