International Financial News

05.01 / 13:02

markets FIVE wellness innovations International Alger to add Redwood to $22B fund management business

Alger Group Holdings, the $22 billion fund manager run by Dan Chung, agreed to acquire Redwood Investments as the growth equity investor seeks to expand further.

05.01 / 12:41

CEO Align Highways reports Department Traffic International Noida authority plans new parallel highway to decongest Noida-Greater Noida Expressway

Noida Authority, RITES, the National Highway Authority of India (NHAI), and the irrigation department have concluded an extensive study for a novel expressway along the Yamuna. This expressway aims to serve as a bypass for the existing Noida Expressway, strategizing to accommodate the surge in population attributed to the burgeoning corporate presence and the impending Noida International Airport, scheduled to commence operations this October.

05.01 / 12:40

Netflix Discover trends show audience Latin International Netflix to bring 'Yellowstone' to international audiences for the first time. Discover the locations

Yellowstone," a Taylor Sheridan Western series starring Kevin Costner, is getting ready for its international Netflix premiere, so fans of the show may celebrate. With a mid-January 2024 release date set, this is a big step forward for the series, as it will join the ranks of other Paramount projects like «Yellowjackets» in broadening its global audience. «Yellowstone» is expected to attract people worldwide, much like its predecessor, in line with the recent trend of Paramount programs being released on Netflix. As seen by the success of «Yellowjackets,» which debuted in at least 15 nations, including Australia, India, South Africa, and Latin American nations including Brazil, Colombia, Argentina, and Mexico, the program has already made an impact.

05.01 / 12:32

Racing Bill President poverty country International Argentina government to raise $3.2 billion via debt sale to central bank

BUENOS AIRES (Reuters) — Argentina's cash-strapped government will raise $3.2 billion in hard currency in order to meet debt repayments via an issuance of 10-year bills to the central bank, according to a decree in the official gazette on Friday.

05.01 / 12:11

markets Digital wellness beautiful Updates International Low Marico Q3 Update: Domestic volumes see low single-digit growth amid weak rural demand; details here

Marico, one of India’s leading consumer products companies in the global beauty and wellness space, released its Q3 FY24 (third-quarter) business update today. The company's domestic volumes in Q3FY24 grew in low single digits on a year-on-year basis, with low single-digit volume growth in Parachute Coconut Oil and Saffola Edible Oils, along with low single-digit value growth in Value Added Hair Oils.

05.01 / 11:25

markets Digital CEO Strategy President innovations International Yes Bank's former executive Ritesh Pai to head PhonePe's global payments biz

Yes Bank official Ritesh Pai as chief executive officer of its international payments business. He will lead the company’s global expansion plans.

05.01 / 11:12

markets Digital trends Trade Updates International Low Marico Q3 biz update: Domestic volumes grow low-single digits; rural markets offer 'little to cheer'

Marico in its quarterly update said that while urban markets were steady, rural offered little to cheer, exhibiting similar demand trends on a sequential basis. In a stock exchange filing, the company said that constraints on liquidity and profitability in general trade channel remained an overhang for the sector. Yet, the company remains optimistic of a gradual uptick in consumption trends of the course of 2024 owing to improving macroeconomic indicators, continued government spending and conducive consumer pricing across categories. Parachute oil registered low single digits in volume growth whereas Saffola Oils witnessed optically weak quarter.

05.01 / 11:09

markets UPS Citi Digital Schools International India’s new finance hub GIFT City gives first nod to rich to invest abroad

capital overseas, raising hope for the nation’s wealthy as they wait for clarifications from regulators to make similar moves. Premji Invest has received an in-principle approval to set up a so-called family investment fund at Gujarat International Finance Tec-City, also known as GIFT City based in Prime Minister Narendra Modi’s home state, according to people familiar with the matter. Dozens of applications for FIFs that allow families to make investments across various asset classes and instruments offshore, are still pending, said the people, asking not to be identified discussing a private matter.

05.01 / 10:58

markets UPS Reuters Enterprise Courts International Chinese court accepts wealth manager Zhongzhi's bankruptcy application

BEIJING (Reuters) — A court in China's capital Beijing on Friday accepted Zhongzhi Enterprise Group's application for bankruptcy liquidation, as the wealth manager grapples with a deepening property market downturn.

05.01 / 09:36

Provident Qualcomm Interface performer blues Features International Redmi 12 5G: Affordable 5G Connectivity and Powerful Performance in a Stylish Package

Redmi phones offer the best value for money when it comes to the camera, battery life, and user interface. Whether it is a budget phone or a high-end phone, Redmi is a popular choice among users who are looking for reliable performance without spending a lot of money. Whether it is a budget-friendly phone, an entry-level phone, or a premium phone, Redmi offers a variety of features to meet the needs of consumers. More about Redmi 12

05.01 / 09:33

UPS Manufacturing Enterprise Trade Department International Govt rolls out mandatory quality norms for electrical accessories

quality norms for electrical accessories such as switch-socket-outlets and cable trunking to curb the import of sub-standard goods and boost domestic manufacturing of these goods. The Electrical Accessories (Quality Control) Order, 2023 was issued in this regard by Department for Promotion of Industry and Internal Trade (DPIIT) on January 1 this year. Under this order, items cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark.

05.01 / 09:32

UPS Target wellness hospital International In Ayodhya, homestays emerge as new business opportunity for locals

Ayodhya, was a business manager with a leading insurance company before he lost his job during Covid-19 two years ago and was rendered unemployed. Troubles mounted when his father was diagnosed with cancer, adding to his distress.

05.01 / 07:11

markets COST Aviat Action Airlines travelers International TMC MP Saket Gokhale raises concerns over IndiGo flight delays due to lack of crew members

Trinamool Congress (TMC) representative Saket Gokhale has heightened concerns at the Directorate General of Civil Aviation (DGCA) concerning the persisting flight delays plaguing IndiGo Airlines, primarily stemming from issues with crew availability. Directly addressing DGCA's director-general, Vikram Dev Dutt, Gokhale pressed for immediate action and sought a detailed account of measures undertaken by the airline within a week. Concurrently, IndiGo has unveiled a significant development by abolishing fuel surcharges across its domestic and international flights. Effective immediately from January 4, 2024, this decision follows a decline in Aviation Turbine Fuel (ATF) prices.

05.01 / 06:49

Provident Target Diversity country International Houthis launch drone to attack ships in Red Sea, hours after warning from Canada and allies

Houthi-controlled Yemen got within a “couple of miles” of U.S. Navy and commercial vessels before detonating on Thursday, just hours after the White House and a host of partner nations issued a “final warning” to the Iran-backed militia group to cease the attacks or face potential military action.Vice Admiral Brad Cooper, the head of U.S.

05.01 / 05:15

markets UPS Trade reports Updates International Stock market update: Nifty Auto index advances 0.68% in an upbeat market

Tube Investments of India Ltd.(up 3.2 per cent), Samvardhana Motherson International Ltd.(up 2.85 per cent), Sona BLW Precision Forgings Ltd.(up 1.75 per cent), Hero MotoCorp Ltd.(up 1.67 per cent) and Balkrishna Industries Ltd.(up 1.13 per cent) were among the top gainers. Maruti Suzuki India Ltd.(down 0.29 per cent) were the top losers on the index.

05.01 / 05:00

markets students information Schools Updates International 2024 CBSE Date Sheet 2024: New schedule released for Class 10 and 12; here's how to download revised list

Central Board of Secondary Education (CBSE) has just announced significant revisions to the 2024 board exam timetable for both Class 10 and Class 12. These updated schedules, available on the official CBSE website at cbse.gov.in, bring changes to various exam dates. Among the notable alterations are the rescheduling of specific papers. For instance, the Class 10 Tibetan paper, previously slated for March 4, 2024, has been moved to February 23, 2024. Additionally, the Class 10 Retail paper, initially set for February 16, 2024, will now be held on February 28, 2024.

05.01 / 02:30

Extreme CEO economy country consequences Interviews International Morgan Stanley chair thinks proposed bank rules will be ‘wound back’

New banking rules proposed last year by US regulators were “extremely aggressive” and are likely to be “materially wound back” before being put in place, Morgan Stanley Chairman James Gorman said.

05.01 / 02:24

Progressive Strategy Trade country Relationships International Chinese daily hails India's foreign policy led by PM Modi, says ‘moving towards great power’

China, has commended India's economic strategies and diplomatic accomplishments during the last four years under Prime Minister Modi's leadership. This positive assessment was articulated in an article titled “Bharat Narrative," highlighting New Delhi's strategic thinking in “foreign policy has evolved, moving towards a great power strategy." Also Read: Jaishankar dismisses 'West as bad guy' narrative, sheds light on Global South's rising role in diplomacy An article by Zhang Jiadong, who serves as the Director of the Centre for South Asian Studies at Fudan University in Shanghai, emphasized India's notable advancements during the preceding four years.

05.01 / 02:20

UPS country reports rights International Stocks to Watch: Grasim, SBI, Dabur India, L&T Finance, Lupin, RBL Bank

Grasim Industries: Has set the price for its ₹4,000 crore rights issue at ₹1,812 per share. The rights issue will be open for subscription between 17 January and 29 January, and the record date has been fixed as 10 January. The company plans to issue up to 2.2 crore shares to promoters and the promoter group.

05.01 / 02:02

Provident Aviat Airlines country Investigations International US to provide assistance to Japan on airplane recorders in fatal collision

(Reuters) -U.S. aviation safety officials will provide assistance to Japan in the reading of airplane recorders after a deadly collision between a Japan Airlines widebody jet and a small Coast Guard plane this week.

05.01 / 01:11

COST trends show country reports Traffic International Data recap: GST, car sales, shipping cost

₹1.65 trillion in December. Meanwhile, the recent attacks on vessels in the Red Sea have led to a surge in shipping costs. Welfare spending has become one of the selling points for political parties in recent election campaigns.

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