International Financial News

New Surat airport: In a significant development for Surat Airport, Sanjeev Kumar, Chairman of the Airports Authority of India (AAI), has announced that the airport's overall capacity will see a threefold increase with the inauguration of its new terminal building. Prime Minister Narendra Modi is scheduled to unveil the terminal during his day-long visit to Surat on December 17.

Guatemala violated Indigenous rights by permitting a huge nickel mine on tribal land almost two decades ago, according to a ruling from the Inter-American Court of Human Rights

Two months into its military campaign in Gaza, Israel seems to be fighting a losing battle for international support. It has lost key votes at the United Nations and even supportive powers like the United States have voiced their discontent with Israel’s conduct of the war. Mint looks at Israel’s position.

Somalia has secured a $4.5 billion debt relief deal from its international creditors,

video game developer and publisher Riot Games is hosting its debut international esports tournament in India and doubling down its investments to strengthen the grassroots ecosystem for its first-person shooter (FPS) games in India. “The ‘Convergence’ IP was created specifically with the Indian audience in mind. We wanted the Indian VALORANT fan to experience the thrill of an international tournament and it is, in reality, a thank you message to the Indian gaming community,” Sukamal Pegu, esports lead — India and South Asia at Riot Games told ET. “Since the launch of VALORANT in 2020, India has become one the biggest regions for the game in the APAC region.

credit cards, debit cards and prepaid travel cards, found a survey conducted by card payment major Visa. The survey also found that around 10-12% of the respondents still use currency exchange, which means while using their cards they use cash too.

Canada's overall population touched a high of 0.2 per cent in the mid-1990s, and currently stands at about 0.09 per cent, according to official government data. The rate of immigrants leaving Canada hit a two-decade high in 2019, according to a recent report from the Institute for Canadian Citizenship (ICC), an immigration advocacy group. While the numbers went down during pandemic lockdowns, Statistics Canada data shows it is once again rising.

Social justice should be an inherent part of competition laws in the developing world, said Pradeep S. Mehta, Secretary General of CUTS International. Mehta was speaking at the CUTS-WTO-UNCTAD event in Geneva to commemorate the World Competition Day by focusing on socially sensitive sectors in the context of the crises currently facing the world.

By Shivansh Tiwary

Coinbase Wallet is introducing enhanced features to facilitate seamless, cost-effective, and rapid international money transfers, potentially contributing to increased crypto adoption.

IRCON International through an offer for sale (OFS), which opens on Thursday. The government will offload about 3.76 crore shares, which represents 4% stake through the OFS, and in the case of oversubscription, an additional 4% stake will be under sale. The offer for sale will take place on December 8 through a separate window on the stock exchanges. The floor price of the offer is fixed at Rs 154, which is nearly 10% discount to the last traded price. As of September-end, the government holds 73.18% stake in the company.

International Civil Aviation Day is observed every year on December 7 to raise awareness about the significance of international civil aviation in the social and economic development of countries. This day was first celebrated on 7 December 1994 to mark the 50th year of the signing the Convention on International Civil Aviation. The special day also highlights the essential role of the International Civil Aviation Organization (ICAO) in promoting cooperation among nations and establishing a global transit network for the benefit of all. To mark ICAO anniversaries, the ICAO Council selects a special theme for International Civil Aviation Day. The theme for this year is «Advancing Innovation for Global Aviation Development.» Today, the International Civil Aviation network now carries over four billion passengers annually. This global air transport sector plays a crucial role in supporting 65.5 million jobs while over 10 million individuals work in the industry, according to United Nations data.

«With this partnership, we aim to bring more convenience and best offers for Vi users. As an introductory offer, there will be zero convenience fees on all flight bookings,» the company said in a statement. «Additionally, the users will soon be entitled to get offers on domestic & International hotels, holidays, buses, activities and cab bookings,» it added.

visa policies for nearby international destinations have fueled a surge in airfares, impacting travel choices. Popular and easily accessible destinations like Thailand, Sri Lanka, and Malaysia have become visa-free for Indian travelers, leading to a spike in demand and subsequently driving airfares to new highs. Almost all international airlines, with the exception of the United States, have fully resumed connections to India. Indian carriers have also increased flights abroad for the winter season, resulting in more competitive airfares to distant European and North American destinations. According to a TOI report, the Delhi-Phuket economy return this Christmas starts at Rs 50,000, significantly higher than the average of Rs 30,000 a few months ago. In contrast, Delhi-London flights begin at Rs 70,000, a notable reduction from the Rs 90-95,000 range seen during the summer. “In comparison to last year, all international airlines are now operational for routes like Delhi-Dubai, or Saudi and to London, hence airfares for these sectors are down by about 20-25%. On the other hand, airfares for popular Southeast Asian destinations like Vietnam, Thailand and Malaysia have more than doubled in comparison to last year for this period,” a spokesperson for travel portal Yatra told TOI. Anil Kalsi, Vice President of the Travel Agents Federation of India, told TOI that there is a «serious» demand for both domestic and international destinations this winter, with Southeast Asia being particularly popular. The visa-free status has made a significant impact, with destinations like Thailand witnessing a doubling of Indian tourist arrivals after granting visa exemption from November 10, 2023.

Sir Tom Jones will headline the Llangollen International Musical Eisteddfod in 2024. He will start off six days of evening concerts at the Denbighshire festival, which will also feature mezzo-soprano Katherine Jenkins and soul and jazz singer Gregory Porter. Other evening performances include folk band Calan and royal harpist Alis Huws. Tickets for the event, which takes place from July 2 to 7, will go on sale on Friday. As the full schedule of events is revealed, music legend Tom Jones will perform the opening concert of the core Eisteddfod week at Llangollen Pavilion on Tuesday, July 2, kicking off six days of evening concerts, with mezzo-soprano Katherine Jenkins closing the week on Sunday, July 7. Between these dates, audiences can enjoy award-winning folk band Calan, royal harpist Alis Huws, Britain's Got Talent favorites John's Boys Male Chorus, West End and Broadway stars Kerry Ellis and John-Owen Jones, and two-time GRAMMY award winning jazz sensation Gregory Porter. Tom Jones, the global superstar, who has won numerous awards, is bringing his sold-out Ages and Stages tour for an evening that promises to be unforgettable and full of everyone's favorite songs. Wales Welcomes the World, an evening of Welsh music on Wednesday, July 3, will feature Welsh folk band Calan, royal harpist Alis Huws, and John's Boys Male Chorus, who advanced to the ITV series Britain's Got Talent semi finals in 2023. On Thursday, July 4, superstars Kerry Ellis and John Owen-Jones will deliver an evening of Broadway and West End classics Direct From The West End, leaving musical theater fans spellbound. Gregory Porter will also successfully return to Llangollen on Friday, July 5.

Kalpataru Projects International Limited (KPIL) on Monday announced bagging new orders worth Rs 2,263 crore in the domestic and overseas markets. The company's transmission and distribution (T&D) business has secured orders totalling Rs 1,564 crore in India and overseas markets, KPIL said in an exchange filing.

India by selling its controlling interest in a high-profile, six-year-old joint venture that includes Tata group, HDFC Bank and ICICI Bank. Mathew Cyriac, former PE co-head for Blackstone India, has emerged as frontrunner to buy a controlling 51% in IARC, said people in the know. The exercise values International Asset Reconstruction Company (IARC) at Rs 200 crore, people aware of the proposed deal told ET.

International Maritime Organisation (IMO) Council with the highest tally on Friday, and the term of council will be for the biennium 2024-25, according to an official statement. The statement said India's re-election falls under the category of 10 states with «the largest interest in international seaborne trade», alongside Australia, Brazil, Canada, France, Germany, the Netherlands, Spain, Sweden, and the United Arab Emirates (UAE).

New Zealand all-rounder Daryl Mitchell completed 4,000 runs in international cricket on Saturday. Mitchell achieved this milestone during Bangladesh's first Test against New Zealand at Sylhet. In the match, Mitchell performed well with the bat, scoring 41 in the first innings and posting a knock of 58 in the second innings.

(Reuters) -First Quantum (NASDAQ:QMCO) Minerals has suspended its current-year production outlook for the Cobre mine in Panama and has initiated international arbitration over a contested contract with the country's government, the miner said on Friday.

student loans to pursue their educational dreams. However, the burden of repaying these loans can be overwhelming. This is where Section 80E of the Indian Income Tax Act comes into play, elevating student loan savings and providing much-needed assistance.