International Financial News

Commerce (ONDC) has expanded its reach into the international business-to-business marketplace by partnering with the Singapore-based B2B network Proxtera. With this move, ONDC, an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), aims to establish connections between small and medium enterprises (SMEs), logistics services and payment transfers, facilitating seamless export opportunities for Indian businesses.

ONDC) has roped in Singapore-based platform Proxtera as its first international buyer app as part of its foray into international business-to-business (B2B) exports. Further, SignCatch and Rapidor, with Bech.app and placeorder.com respectively, will be among the first to join ONDC as international B2B seller network participants.

World Cup in India is less than a month away and will feature some of the cricket's very best players and teams. This tournament is set to hold a lot of significance in larger cricket history, as the modern day 'Fab Four', consisting of batting greats — Virat Kohli (India), Steve Smith (Australia), Joe Root (England) and Kane Williamson (New Zealand) will have their 'One Last Dance' together. This tournament could be the final time that these four legends play an ICC Cricket World Cup or matter of fact, any major ICC tournament together.

KEC International Ltd, a global infrastructure EPC major, on Wednesday announced that it has secured a prestigious turnkey order of Rs 1,145 crore in its Transmission & Distribution (T&D) business. The order includes design, supply and installation of 380 kV Overhead Transmission Line in the Kingdom of Saudi Arabia (KSA). This has taken the total order intake by the company to more than Rs 7,500 crore.

₹7 lakh a year through international credit and debit cards will be subject to TCS levy at the rate of 20 per cent effective 1 October 2023. Yes, taxpayers can claim a TCS refund in your Income Tax Return.

KEC International share price jumped more than 11% on Wednesday to hit a 52-week high after the infrastructure company secured new orders worth ₹1,012 crore across its various businesses. KEC International shares rallied as much as 11.22% to a 52-week high of ₹739.00 apiece on the BSE. KEC International said its civil business has secured orders from new clients in the Data centre and FMCG segments in India.

As Canada continues to grapple with a housing crisis, the conversation is increasingly turning to international students coming into the country.

Outlined below are the top 5 indispensable items that every student must have when embarking on a journey abroad for studies:1. Medicines: Ensure you carry an ample supply of medications you've been consistently using. Especially for prescribed medications, it's advisable to have a substantial stock.

Anil Kapoor on Monday said he will be attending the world premiere of his upcoming production "Thank You For Coming" at the 46th Toronto International Film Festival (TIFF). Billed as a coming-of-age comedy, the film follows the story of Kanika Kapoor, played by Bhumi Pednekar, a single girl in her 30s, and her quest for true love and pleasure. The film is directed by Karan Boolani from a script penned by Radhika Anand and Prashasti Singh. The gala premier of the movie is scheduled to take place on September 15 at Roy Thompson Hall. «I've been wanting to attend TIFF ever since 'Slumdog Millionaire'! That year, I travelled to all the festivals from BFI at London to Cannes and everything in between. The only festival I couldn't attend then was TIFF and that was because my visa didn't arrive in time for me to be there. So, TIFF has been on my bucket list ever since! »I may not have been able to attend the festival then as part of the movie, but this year I get to be there in the capacity of a producer. 'Thank You For Coming' has so much heart, soul and sass, and I'm grateful to be a part of its showcase on such a hallowed platform," Kapoor said in a statement. The cast of the movie including actors Bhumi Pednekar, Shehnaaz Gill, Dolly Singh, Kusha Kapila and Shibani Bedi will attend the festival, along with producers Ektaa R Kapoor and director Karan Boolani.

Sectorally, buying was seen in utilities, telecom, power, and auto stocks. Stocks that were in focus on Monday include names like SJVN (which rose 20% with strong volumes to hit a fresh record high), IRCON International (that rallied by about 20%), and Rail Vikas Nigam Ltd (that closed with gains of over 16% to a new high). We have collated a list of these three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to analyst Viraj Vyas on how one should look at these stocks the next trading day entirely from an educational point of view: Here’s what the CMT, CFTe |Technical & Derivatives Analyst| Institutional Equity, Ashika Stock Broking Limited had to say:SJVN The stock has delivered exceptional returns since the beginning of this year, with an impressive gain of nearly 120% so far. Prior to June, the stock was primarily range-bound and exhibited tight consolidation from 2017. During this consolidation phase, the stock formed a Cup and Handle pattern — a typical accumulation pattern. Such prolonged consolidation periods often precede strong upward movements in stock prices.

Samvardhana Motherson International, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 68340.21 Crore) operating in Auto Ancillaries sector. Samvardhana Motherson International key Products/Revenue Segments include Auto Electricals, Sale of services, Scrap, Other Operating Revenue, Export Incentives, Job Work for the year ending 31-Mar-2022.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 22515.07 Crore, down -.16 % from last quarter Total Income of Rs 22551.94 Crore and up 27.11 % from last year same quarter Total Income of Rs 17712.55 Crore. Company has reported net profit after tax of Rs 625.01 Crore in latest quarter. Investment RationaleThe company has a proven track record of turnarounds and expanding global market share (c.0.4% in 2010 to c.2.5% in 2023).

The Canadian government is likely severely underestimating the cost of living for international students when weighing if they can support themselves financially, a new survey suggests.

cooperation in the crypto sector.Why Did India Call Out for Global Framework? Cryptocurrencies, as global assets transcending the jurisdiction of any single government or nation, have prompted India, in its current G20 Summit presidency, to advocate for global collaboration among participating countries. India's call for a global framework on cryptocurrencies at the G20 Summit aligns with its recognition of the transformative potential and risks associated with digital currencies. By advocating for international cooperation and regulation, India aims to address these challenges collectively while fostering responsible innovation and safeguarding its interests in the evolving crypto landscape. Being a fast maturing sector in its foundational building time, the crypto industry is currently grappling with a lack of consistent regulatory frameworks worldwide. Different countries have adopted varying approaches, ranging from outright bans to embracing cryptocurrencies as legitimate financial assets. This regulatory divergence creates uncertainty for investors and hampers the growth of the industry.How can International Forums Play a Role?

Liberalised Remittance Scheme, in case of amounts exceeding ₹7 lakh in a financial year from October 1, is likely to push the sale of luxury brands in India, experts said. Covid had helped boost demand for luxury brands in India as international travel restrictions shifted sales to domestic stores. That is now set to get another boost due to narrowing of the price gap between foreign and local markets after accounting for the 20% tax collected at source (TCS), mall owners said. «An Indian consumer earlier used to go abroad and shop in Dubai or London, but when the pandemic happened, many of those brands like Chanel or Hermes called their Indian consumers to do small events inside the store.

Yuko Kishida to IMF chief Kristalina Georgieva, several top foreign dignitaries donned traditional Indian ensembles at the G-20 Dinner hosted by President Droupadi Murmu on Saturday night. For the special occasion, all guests were dressed to the nines. Many opted to embrace Indian fashion in special ways. IMF Chief Georgieva arrived at Bharat Mandapam in Delhi for the G-20 Dinner in a purple ethnic suit that she paired with a golden dupatta. She looked exquisite in Indian wear. Japanese PM Fumio Kishida's wife Yuko Kishida wore a beautiful green saree.

Leaders of the 20 biggest economies in the world — collectively known as G20 — are pushing for a speedy implementation of a cross-border framework for crypto assets. 

G20 Declaration has welcomed the 'G20 Framework for Systems of Digital Public Infrastructure', recognising the role of DPI in the delivery of services at a societal scale, and underlined the commitment to work together to promote cooperation on international governance for Artificial Intelligence (AI). Union Minister Rajeev Chandrasekhar described the Declaration as a «tremendous achievement». «India's #G20 Presidency is going to leave an indelible impression on the world order as we move forward,» Chandrasekhar, Minister of State for IT and Electronics, said in a post on X (earlier Twitter).

Uttar Pradesh government is all set to hold the UP international trade show from September 21 to 25 in Noida. According to a Times of India report, around 20 manufacturers of electric vehicles (EV) will participate in the show. As per a report in the Times of India, EV manufacturers like Kia, Mahindra, Tata Motors, Maruti, Toyota, BMW, SKODA, and Force Motor will showcase their products, to promote the use of electric vehicles in the city. The state transport department has also been told to arrange for an EV zone.

IIT Bombay recently concluded its annual placement drive, achieving a milestone with its highest-ever international offer of Rs 3.7 crore per year, while the top domestic salary reached Rs 1.7 crore per year. Compared to the previous year's highest international annual salary of Rs 2.1 crore, this marks a significant increase. However, it's worth noting that the domestic salary in the previous year was slightly higher at Rs 1.8 crore per year. According to a TOI report, the engineering and technology sector witnessed the highest recruitment numbers, with average compensation just slightly above last year's figures.

Toronto International Film Festival (TIFF) kicked off with great anticipation as it featured the international debut of Hayao Miyazaki's likely last film, "The Boy and the Heron." Miyazaki, known for his mastery of cel animation, brings over half a century's worth of animated masterpieces into this coming-of-age story, celebrating the traditional hand-drawn style that is Studio Ghibli's signature. «The Boy and the Heron» is a visual masterpiece, created by layering hand-painted images on celluloid against exquisite painted backdrops, showcasing Miyazaki's dedication to his craft. This film may well be his final contribution to Studio Ghibli, and it is a reflection on memory, nostalgia, and the art of animation. For UK audiences, the film will be available on October 8 and 15 as part of the BFI London Film Festival, leading up to its cinematic release on December 8. Miyazaki, who turned 82 on January 5, 2023, has previously declared retirement seven times in his illustrious career, only to return with new creations each time.

COVID pandemic further aggravated the situatiion where children were absent from school or attended their classes irregularly. Impact of COVID-19 pandemic was severe on education facility.