International Financial News

Kotak Mahindra Bank on Saturday said the Reserve Bank of India (RBI) has approved the appointment of Ashok Vaswani as the bank's Managing Director and Chief Executive Officer (MD & CEO) for a period of three years. Vaswani, who has worked with Barclays in the recent past, will succeed Uday Kotak who quit as MD of the bank effective September 1. At present, Vaswani is President of Pagaya Technologies Ltd — a US-Israeli AI Fintech.

International Criminal Court (ICC) headquartered at The Hague in the Netherlands has heightened its online security after detecting a serious cyber security incident five weeks ago, which it revealed was an act of espionage. In a statement on Friday the ICC said that as soon as the incident was confirmed by its alert mechanism, steps were taken to mitigate its effects by initiating an immediate incident response with the support of the Netherlands as the «host state» and external cyber security experts.

Samvardhana Motherson International Ltd on Friday announced three acquisitions valued at over Rs 380 crore in aerospace, health and medical sectors to strengthen its non-automotive businesses further. The aerospace division of Samvardhana Motherson International Ltd (SAMIL) is building its capabilities in a phased and strategic manner, enabling it to offer a much wider range of services to aerospace OEMs, the company said in a statement.

international norms were violated in India seeking parity in the mutual diplomatic presence in New Delhi and Ottawa. Canada had accused India of violating the Vienna Convention on Diplomatic Relations Foreign Minister Melanie Joly on Thursday that Canada has removed 41 diplomats and their 42 dependants from India amid the ongoing row between the two countries. «We reject any attempt to portray the implementation of parity as a violation of international norms,» the external affairs ministry said. The MEA statement noted that the state of the ties between India and Canada as well as Ottawa's continued presence in India's internal affairs warrant a «parity» in mutual diplomatic presence in New Delhi and Ottawa. «We have seen the Statement by the Government of Canada on October 19 regarding Canadian diplomatic presence in India,» the ministry statement read.

In a thrilling World Cup 2023 match against Bangladesh, Indian cricket maestro Virat Kohli showcased his extraordinary batting prowess, notching up his 48th One Day International (ODI) century. This remarkable achievement was accompanied by another historic milestone, as Kohli became the quickest player to reach 26,000 international runs, a testament to his exceptional consistency and dominance.

In a bid to combat terror financing, the government has introduced an amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. The amendment aims to enhance record-keeping in case of international transactions exceeding Rs 50,000.

The strike price for the tender offer was 305p per ordinary share, below the maximum tender price of 315p but above the trust’s current share price of 302p.

International Solar Alliance on Wednesday held the curtain-raiser for the 6th session of the International Solar Alliance Assembly, scheduled to be held from October 30-November 2. At the event in Delhi, RK Singh, Minister of Power and New & Renewable Energy and the President of the ISA, said the rate of growth of renewable capacity in the country has perhaps been one of the highest in the world, if not the highest. The association has been working on various projects to ensure affordable access to solar power around the world.

Hamas and Israel have both been accused of breaking international law during their latest conflict, and the United Nations says it is collecting evidence of war crimes by all sides. Enforcing the law amid the fog of war is difficult. Holding perpetrators to account once conflicts are over has often proved elusive.

NEW DELHI : Low-cost airline IndiGo has almost doubled its share of India’s international flights in the first quarter of FY24 from the corresponding pre-pandemic period, expanding its lead in this lucrative segment. Between April and June, IndiGo, the largest domestic airline, has achieved a 17.2% market share, among both Indian and foreign airlines operating on international routes, up significantly from 9.6% in the June quarter of 2019, according to data from the Directorate General of Civil Aviation (DGCA). In comparison, foreign aviation giant Emirates’ share of total international passengers dropped from 9.7% to 8.6% during the period under consideration.

“Even wars have rules," United Nations Secretary-General António Guterres said last week, repeating a maxim of international law that experience has shown to be more aspirational than operational. Hamas mocked the most sacrosanct of those rules when it intentionally targeted Israeli civilians earlier this month in an operation that killed more than 1,000 Israelis and took about 200 people hostage.

India is a huge exporter of services, and growing rapidly. The estimated value of services export for 2022-2023 was $323 billion, up from $254 billion in 2021-22, according to data from the commerce ministry. This includes the income of agencies, consultants, gig workers, exporters and other freelancers who serve overseas clients. If you are an exporter, a freelancer or regularly receive payments from overseas, you would know how much it hurts to pay exorbitant and opaque fees to banks and payment platforms. When receiving payment for your services in foreign currency, processing charges can range from 2% to 10% of the transaction amount. Since the break-up is usually undisclosed and borne by the recipient, these charges cut into your income. Therefore, it is important to clearly understand the common hidden charges.

a chance to stand in solidarity with people living in poverty, truly listen to their daily struggles, and renew commitments to create a just economy focused on protecting human and environmental wellbeing over maximizing financial gains. The ultimate goal is to eliminate poverty entirely by creating the conditions for everyone to live with dignity.

Punjab's Ferozepur district, Border Security Force officials said on Sunday. Acting on specific information, a search operation was launched by BSF troops on the outskirts of Chak Bhange Wala village on Saturday evening, they said.

Paradise' won the Kim Jiseok Award at the Busan International Film Festival 2023 on Friday. 'Paradise' jointly shares the Kim Jiseok award with Mirlan Abdykalykov's 'Bride Kidnapping'. The Kim Jiseok Award, established in 2017, commemorates the late Kim Jiseok, who dedicated his life to discovering and supporting the growth of Asian cinema.

₹143.75 apiece in early Friday trade after the company in an exchange filing on Thursday said it was awarded 'Navratna' status by the Department of Public Enterprises. This makes IRCON the 15th Navratna company among the Central Public Sector Enterprises (CPSEs), as per the company's exchange filing. Furthermore, the Department of Public Enterprises also granted the 'Navratna' status to another PSU, RITES, making it the 16th Central Public Sector Enterprise (CPSE) to receive this prestigious recognition.

The International 2023 will be held in Seattle, close to Valve’s headquarters in the US. A total of the best 20 teams in the world will participate in the final round after a long Dota Pro Circuit season with three tours. It will be the first time that The International will take place in the US since 2018. It will return to Seattle which hosted the events between 2012 and 2017.

Rohit Jain is managing Partner and Roopal Bajaj is leader- funds, Singhania & Co. "Exciting news! Mint is now on WhatsApp Channels

Punjab Police Wednesday said it has averted possible target killings in the state with the arrest of three members of Babbar Khalsa International (BKI)-backed terror module. The module is being operated by Harpreet Singh alias Happy — a close aide of designated terrorist Harwinder Singh alias Rinda, along with his two associates identified as Harbeer Singh and Navroop Singh from the US, said Director General of Police Gaurav Yadav in a statement here.

Sukanya Samriddhi account is a popular savings instrument in India for parents with daughters as it offers government-guaranteed, tax-free returns. It's a savings strategy designed specifically for Indian female youngsters. Deposits can be made on a monthly or yearly basis.

"Invest in Girls' Rights: Our Leadership, Our Well-being" In 1995 World Conference on Women in Beijing, countries unanimously adopted the Beijing Declaration and Platform for Action – the most progressive blueprint ever for advancing the rights of not only women but girls. According to the United Nations, the Beijing Declaration is the first to specifically call out girls’ rights.