International Financial News

Sanjiv Bhasin, Director, IIFL Securities, says “my bet would be PB Fintech. A disclosure, PB Fintech is a stock which we own. Paytm and Zomato are going to lead the charts. You can add a Devyani International, which we just suggested. But I would put my money on PB Fintech, at least for a 50% upside over the next one year.” Bhasin also says “I would definitely use any decline or even Friday’s closing as a buying opportunity in State Bank. Bank Nifty is grossly overdone on the pessimism side and will be the star in the next one month.” Looking at the global construct, it seems like we are headed for a happy Diwali? Well, that is what I have been saying that we are headed for a sparkling Diwali. The cricketers have actually added the sparkle and now it is the turn of the stock market. If you recollect from the last six months, I have been inviting you for a meal over to my son's restaurant and I was telling you what margin Zomato is making. So at Rs 50-60, it was a no-brainer and now we are seeing the upgrades. So cheers to Zomato earnings, cheers to the Indian stock market, the Indian cricket team and I expect a sparkling Diwali to add the icing on the cake.

West Indies all-rounder Sunil Narine announced his retirement from international cricket on Sunday. The West Indies all-rounder, who had an illustrious eight-year career representing the Windies, last played for Men in Maroon in August 2019 in a T20I match.

Modi-led BJP government came to power. “Earlier, India used to appeal to the world for help after terror attacks. But now those countries behind the attacks request to the world to save them," PM Modi said, without naming Pakistan, as quoted by Hindustan Times. “These obstacles kept India from growing to its full potential after independence," he said, adding that India is now leading in mobile manufacturing, and in the top three in startups.

By Yatharth Gulati

The Dubai Financial Services Authority (DFSA) recognized two more tokens on Nov. 2, adding XRP (XRP) and Toncoin (TON) to its list of recognized tokens. They join Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) as coins recognized in the Dubai International Financial Centre (DIFC). 

In a strategic move to establish itself as a global mediator in technology discussions, the UK government has revealed plans for an International AI Safety Summit. Scheduled to occur on November 1 and 2, the summit aims to engage the UK with other influential nations such as the United States, China, and the European Union. This initiative gains significance as the UK prepares for its exit from the EU, striving to maintain a leading role in global tech policy.

Antony Blinken while endorsing the Islamist militant movement that has ruled the impoverished territory since 2007. Addressing a Senate hearing, Blinken said, “At some point, what would make the most sense would be for an effective and revitalized Palestinian Authority to have governance and ultimately security responsibility for Gaza." "Whether you can get there in one step is a big question that we have to look at.

US Federal Reserve chairman). Fairness should also apply to the distribution of Special Drawing Rights (SDR), this embryo of a global currency that the IMF may issue under certain conditions.

When you move from a small town to a big city, your income generally shoots up. And so do your expenses! The scenario undergoes a sea change when you travel across the ocean. Not only one has to adjust to a new lifestyle and way of life, but also the changes relating to a new currency, its impact on purchasing power parity and much more.

Bishan Singh Bedi, Angad Bedi recently clinched a gold medal in the 400-metre race at the prestigious Open International Masters 2023 Athletics Championship held in Dubai. The actor has dedicated this award to his father. Taking to his social media account on Instagram, Angad dropped a video of himself from the tournament and shared how his late father's never-give-up attitude pushed him to go for it. Mourning the loss, the actor penned a heartfelt message for the former Indian cricket captain. «Didn't have the heart… didn't have the courage..The body wasn't willing… Nor was the mind.

Elon Musk recently announced he would provide connectivity support to internationally recognized humanitarian organizations operating in Gaza through his satellite communication system, Starlink. He stated on the social media platform known as X (formerly Twitter) in response to a statement from the U.S. Representative Alexandria Ocasio-Cortez. She had raised concerns about the communication blackout in Gaza. Following the extensive Israeli military operations, including airstrikes and ground incursions, aid organizations faced significant challenges. They reported a breakdown in phone and internet services, hampering their ability to maintain contact with their teams operating in the Gaza Strip. Following the Russian invasion of Ukraine in February 2022, Starlink, under the management of SpaceX, Elon Musk's company, was rapidly established within Ukraine. This communication network, essential for advanced military personnel operating in regions with impaired communication infrastructure, became an important asset for Kyiv in the field of battle.

HT. These reform measures aim to strengthen Canada’s International Student Program and protect genuine students from fraud.

Canada, a long favored destination for international students, known for its high-quality educational institutions, inclusive society, and post-graduation opportunities, has recently been in news for all the wrong reasons. From student visa fraud, to fake university letters, many Indian students have become victims.

United Nations Secretary-General António Guterres revealed the establishment of a 39-member advisory committee aimed at tackling matters related to the global regulation of artificial intelligence (AI) on Oct. 26.

Jesse Armstrong, the creator and showrunner, behind the acclaimed and award winning TV series "Succession" is set to be honored with the prestigious 2023 Founders Award by the International Academy of Television Arts & Sciences. The anticipated awards ceremony will take place in Novemnber as announced by the academy on Thursday, October 26th. Hailing from the United Kingdom Jesse Armstrong is a screenwriter and producer who has left a mark in both British and American television.

There are clear signs China wants to take the digital yuan, its CBDC, into the global arena – with CIPS and BRI integrations in the pipelines.

international markets, Ayesha! However, you must first assess your risk profile and be clear about your long-term investment goals. You will also need to decide what percentage of your portfolio you wish to commit to foreign investments. Once you are set, please keep in mind the following factors: Select the right products: Choose products that align with your investment objectives.

World Rugby has announced plans for a comprehensive overhaul of the global calendar, introducing a pioneering competition scheduled to kick off in 2026. The newly introduced tournament, slated to consist of 24 teams segregated into two divisions, is anticipated to herald a new era of competitive rugby on an international scale. With promotion and relegation mechanisms set to come into effect from 2030, the top division of the tournament is set to comprise the powerhouse teams from the prestigious Six Nations and Rugby Championship, along with two additional teams yet to be officially revealed.

H-1B status. Under the current system, students in the STEM field of study (science, technology, engineering, and mathematics) are granted one year of OPT, while those in other fields receive the same. However, under a set of new proposals to modernise the H-1B system, the United States is planning to extend the OPT period for STEM students to a total of three years. International students studying in the United States on an F-1 or study visa and looking to switch to a non-immigrant work visa or H-1B have a lot to gain from the proposed H-1B modernisation rules, which were released on Friday night. The new rules offer more flexibility and benefits for these students. Cyrus D Mehta, an immigration attorney based in New York, told TOI that the proposed rule extends the cap-gap protection period. With the new proposal, this period is extended from September 30 to April 1 of the following year. In other words, students now have the opportunity to enjoy an additional six months of status and employment authorization. For international students who have completed their qualifications and are eligible for optional practical training (OPT), the proposed rules are even more beneficial.

PetroChina inked a major deal on October 18, becoming the first company to complete an international crude oil trade using China's central bank digital currency (CBDC), the Digital Yuan. The transaction was reported by China Daily, a media outlet owned by the Chinese Communist Party. 

Arun Misra, CEO, Hindustan Zinc, says the annual general meeting is over and there is no chance of taking that decision which was taken in the board to make it effective. So if at all it has to happen, it has to come as a fresh proposal and a fresh decision. Right now, there is no such proposal for consideration of the board. Sequentially, Hindustan Zinc revenues have seen a dip and this is primarily due to the fall in the zinc prices. How has the demand been in the zinc market both domestically as well as globally? At the end of Q1, you said you had expected the zinc prices to rise by the end of the year. Given the volatility in prices, do you still believe zinc prices are poised to go higher? Let us start with global first.