International Financial News

Marking a significant milestone in educational diplomacy, the first-ever campus of the Indian Institute of Technology (IIT) outside India is set to be established in Zanzibar, Tanzania.

savium (eager mouth kisses), and basium (lip kisses). The French kiss, known for its passionate nature, gained popularity during World War I.

Larry Fink, the CEO of BlackRock, has delivered pro-crypto remarks amid the asset manager applying to list a spot Bitcoin exchange-traded fund (ETF) in the United States.

New Delhi: Leading infrastructure major KEC International, an RPG Group company, on Wednesday said it has received new orders worth ₹1,042 crore across its various businesses. The company forayed into the railway business, bagging its maiden international order for a signalling and telecommunication project in SAARC or the South Asian bloc comprising of the countries located in the Indian subcontinent detail, KEC said, without divulging further details. Also, it secured an order in the metals and mining segment from a reputed steel player in India for the supply of various types of cables in India and overseas.

People observe International Bikini Day to celebrate body positivity and comfort. They observe this day by wearing a bikini to a beach or a swimming pool. Those who don’t have it, buy it this day. People also use social media platforms to spread awareness and use #NationalBikiniDay and #BikiniDay. Initially, Bikini was not accepted and it was frowned upon due to its revealing design. It was considered obscene to wear this dress. No regular model agreed to wear it. So fashion designer Louis Reard hired nude dancer Micheline Bernardini to model it. Germany and France banned it. But later it became popular when film actresses like Brigit Bardot, Raquel Welsh, and Ursula Andress wore it in movies. It became popular in the fashion world of the West and women used it as a swimsuit as well as an undergarment. The name has been derived from the Bikini Atoll, the island, on which the first public test of a nuclear bomb was carried out just four days ago.

UBS’ New Zealand desk had nabbed the mandate to sell Auckland Council’s 7 per cent holding in Auckland International Airport, beating rival banks who have been positioning for the trade for several months.

Strides Pharma Science on Monday said it has entered into a binding agreement to sell biologics Unit-3 manufacturing facility of its associate company Stelis Biopharma (SBL) to Syngene International on a slump sale basis for ₹702 crore in an all cash deal. The sale will help Strides in paring its debt.

Mumbai Airport on Tuesday announced it has expanded its security check facility at its international terminal with the addition of eight security lanes. Besides, the facility has also expanded its total processing area to 5,735 sq metres from 4,370 sq metres earlier as part of the second phase of the capacity enhancement initiative, it said.

Ebrahim Raisi on Tuesday said the Western hegemonic powers have jeopardised prosperity and the principles of fair trade by resorting to economic coercion and sanctions as he called for the removal of the dollar in transactions to form a fair international system. Raisi made the remarks while addressing the 23rd meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of State (CHS) presided by Prime Minister Narendra Modi via a video link as Iran became the 9th permanent member of the Beijing-headquartered economic and security bloc.

New Delhi: The government is set to host the International Conference on Green Hydrogen (ICGH-2023) in New Delhi from 5-7 July, 2023. The conference aims to bring together global leaders in scientific research, policy-making, academia, and industry to discuss advancements and emerging technologies in the green hydrogen sector. Organized by the ministry of new and renewable energy in collaboration with the ministry of petroleum and natural gas, council of scientific and industrial research, office of the principal scientific advisor to the government, and the Confederation of Indian Industry (CII), the conference seeks to foster a sustainable ecosystem in the green hydrogen sector.

Amazon miniTV, the free video streaming service available on the Amazon shopping app and Fire TV, has announced the launch of a new category, “miniTV Imported", that will premier international content dubbed in Hindi. Spanning genres such as romance, drama, thriller and others, the “miniTV Imported" vertical will stream global shows every month ranging from Korean, Turkish, Mandarin and Spanish dramas. The first set of shows which includes Cheer Up, Heart Surgeons, and Doctor Detective, all dubbed in Hindi, will stream from 7 July.

Jie Gong (left) and Helen Steers (right), co-managers of Pantheon International

The agri solutions provider reported a revenue growth of 29.5% year-on-year (y-o-y) in the fourth quarter of 2022-23. However, both revenue and net profit were 5.7% and 27.7% lower, respectively, than the consensus estimates of analysts compiled by Reuters-Refinitiv.

International Joke Day is celebrated every year on 1st July and it is celebrated as a lighthearted occasion that encourages individuals to embrace laughter, share jokes, and cultivate stronger bonds with their loved ones. This special day serves as a reminder of the profound significance of humor and laughter in our lives. It underscores the power of laughter as a tool to combat the daily stressors that burden us, promoting both physical and mental well-being.

FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange, the Wall Street Journal reported on Wednesday citing CEO John Ray. The company «has begun the process of soliciting interested parties to the reboot of the FTX.com exchange,» Ray said, according to the Journal's report. The failed crypto company has been holding talks with investors about backing a potential restart of the FTX.com exchange through structures such as a joint venture, the report added citing people familiar with the discussions. FTX debtors declined to comment on the report.

Fees paid for a correspondence course from a foreign university where the person receiving such education does not require to travel overseas will be treated as liberalised remittance scheme (LRS) and will face tax collected at source (TCS), according to the circular. The clarification came two days after the Centre said that international credit card spending while on overseas travel will not face TCS as it will not be counted under the LRS. Remittances up to ₹7 lakh under the scheme will also not face TCS.

Maintaining stability in the international financial system is essential for sustaining economic growth in a connected global economy. In this context, the International Monetary Fund (IMF) is essential for fostering international monetary cooperation, maintaining exchange rate stability and managing financial crises. This article provides an overview of the IMF and its objectives, governance structure and key functions.

Brookfield Asset Management Ltd. has emerged as the frontrunner to acquire London-listed Network International Holdings PLC after interest from a consortium backed by CVC Capital Partners cooled, according to people familiar with the matter.

Brookfield Asset Management Ltd. has agreed to acquire London-listed Network International Holdings PLC for about £2.2 billion (US$2.8 billion) to expand its presence in credit card processing in the Middle East.

Broadly, if I take a step back and start asking the question, why do we need to internationally diversify? The starting point is that different stock markets of different countries do well at certain times and do badly at certain times, says Arun Kumar, Head of Research, FundsIndia.com.A lot of volatility and uncertainty in the global markets but then do you think that is the right time to maybe look at these international markets and if yes, what and which economy, which country?Broadly, if I take a step back and start asking the question, why do we need to internationally diversify? The starting point is that different stock markets of different countries do well at certain times and do badly at certain times. And the good part is that they do not coincide with each other.

The failed crypto company FTX is apparently having initial talks with investors on bringing back the FTX.com exchange through structures such as a joint venture, a WSJ report said.