International Financial News

NCRTC) which is executing the Rs 30,000-crore Delhi-Meerut regional rapid transit system (RRTS) project has invited bids to engage a Project Management Unit (PMU) for property development along the Delhi-Ghaziabad-Meerut Namo Bharat corridor. This initiative aims to monetize land parcels, generate non-fare box revenue, and create commercial, residential, and service hubs around Namo Bharat stations. Namo Bharat Stations cater to thousands of commuters daily. The identified plots will be developed into retail spaces such as malls, Retail-Dining-Entertainment (RDE) hubs, integrated parking units with offices, rental housing, studio apartments, hospitals, and theme parks.

Subscribe to enjoy similar stories. China’s finance minister said Thursday that the government has ample policy tools and flexibility to address both internal and external uncertainties, amid escalating trade tensions with the U.S. The remarks come after Beijing imposed retaliatory tariffs on U.S.

At an event hosted by female-focused charity One Loud Voice on Tuesday 4 March ahead of International Women's Day, a panel including Octopus Money CEO Ruth Handcock, Consumer Duty Alliance CEO Keith Richards, Law Debenture CEO David Jackson and FTSE Women Leaders Review CEO Vivienne Artz, and chaired by presenter Luisa Baldini, broke down the systemic barriers for women adopting leadership roles. Handcock said that the overall systemic problem is that there are «so many adjustments that need to be made». A broken machine that ‘needs to be built by someone different' «I think of gend...

Sun Country Airlines. The airline said that Flight SY593, which was headed for the Mazatlan International Airport in Mexico from MSP, was diverted «out of an abundance of caution in response to a security concern», according to CBS News.

It came after the Ministry of External Affairs (MEA) called on the UK to «live up to their diplomatic obligations» after a man from a small group of protesters chanting pro-Khalistan slogans and waving separatist flags attempted to breach the security perimeter as Jaishankar left the Chatham House think tank in London on Wednesday evening. The protester was swiftly taken aside by officers of the Metropolitan Police, which said that no arrests had been made.

Assets rose to £2.8bn from £2.4bn in the year to September, with the company pointing to the rise bucking industry trends. UK investor funds under management in active equities experienced persistent net outflows across the industry for the financial year 2023/24. AssetCo to overhaul share structure under plans to rebrand as River Global An initial fund raising that brought in nearly €400m (£335m) helped boost AssetCo's AUM, and benefited two funds managed by Jonathan Knowles, previously of Capital International Group, in a joint venture with his firm Compound Equity Group. Duri...

Sunrisers Hyderabad (SRH) has signed South African all-rounder Wiaan Mulder as a replacement for England pacer Brydon Carse, who has been ruled out of the upcoming TATA Indian Premier League (IPL) 2025 due to injury. Mulder, who has played 11 T20Is along with 18 Tests and 25 ODIs, joins SRH for ₹75 lakh. The all-rounder has taken 60 wickets in international cricket and has scored 970 runs across formats. Carse was originally picked by SRH for ₹1 crore but will now miss the season.

Babbar Khalsa International with «links» to Pakistan's ISI, who had planned a major terror attack during the Maha Kumbh, was arrested from Uttar Pradesh's Kaushambi district early Thursday, police said. The terrorist, identified as Lajar Masih, was nabbed in a joint operation by Uttar Pradesh STF and Punjab Police around 3:20 am. Addressing a press conference here, Uttar Pradesh Director General of Police (DGP) Prashant Kumar said Masih had planned a major terrorist attack during the Maha Kumbh in Prayagraj. «However, due to intensive security checks at the religious gathering, he failed to execute his plan,» he said.

Shares of Samvardhana Motherson International Ltd.(up 3.18 per cent), Apollo Tyres Ltd.(up 2.93 per cent), Bharat Forge Ltd.(up 2.78 per cent), Balkrishna Industries Ltd.(up 2.43 per cent) and Eicher Motors Ltd.(up 2.13 per cent) ended the day as top gainers in the pack.

Subscribe to enjoy similar stories. Indians have long had a confrontational relationship with the nation’s tax office, whose adversarial approach has crushed countless small businesses and international investors. This was meant to be the year the government fixed all that and repaired relations with taxpayers.

Subscribe to enjoy similar stories. Few changes prompted by President Trump’s second term could be as consequential for Europe as Germany shedding fiscal prudence to turbocharge its military and retool its economy. In a hastily convened press conference in Berlin late Tuesday, Friedrich Merz, the man in line to become Germany’s next chancellor, announced a break with a position that had governed the country’s relations with its European partners for decades.

IMF report to flag «tepid» private investment growth in India, the Congress on Thursday said the way out of the current "economic slump" needs measures to boost consumption, enhancing policy predictability, and rationalising trade policy. Congress general secretary in-charge communications Jairam Ramesh said the International Monetary Fund (IMF) has devoted an entire section to «Reigniting Private Investment in India» in its just-released annual India Article IV Consultation Report. «Somewhat unusually, it is a strong--if implicit- critique of the Modi government's policies and actions,» he said in a statement. «The report underscores the tepid private investment growth in India, noting that 'private corporate investment has been sluggish especially compared with historical averages.'

Silver, however, traded positively, with its March futures contracts on MCX opening higher by 0.36% or Rs 354 at Rs 97,896/kg.

External Affairs Minister Dr S Jaishankar, currently on a visit to the United Kingdom, has addressed key global economic issues, including the role of the US dollar, BRICS' position on de-dollarisation, and the internationalisation of the Indian rupee. Speaking at Chatham House in London, he dismissed speculation that India is working to replace the US dollar as the world’s primary reserve currency. «I don't think there's any policy on our part to replace the dollar. As I said, at the end of the day, the dollar as the reserve currency is the source of international economic stability, and right now, what we want in the world is more economic stability, not less,» he said.

BEIJING — The undercurrent of China's annual parliamentary meetings this week is U.S. trade tensions — and how Chinese technology is offsetting that pressure.

entrepreneurship and innovation in family businesses and career choices. Next gen is apparently adopting an investor mindset, focusing on the family office and wealth preservation. This suggests heirs lack entrepreneurial ability. While this trend surely exists, understanding its root cause is key. Rather than viewing this shift as a lack of ambition or drive, the environment in which next gen is raised should be examined. Entrepreneurial spirit is not just inherited. Many times, it's cultivated. The mindset required to build and grow businesses does not emerge overnight. It develops through exposure, experience and a strong sense of purpose. Responsibility of grooming, nurturing and curating the entrepreneurial drive in next gen lies with old gen.

markets regulator Sebi's recent directive on minimum information has many inconsistencies and is «laughable», former Sebi chairman M Damodaran said on Wednesday. Addressing an event organized by the Institute of Internal Auditors here, Damodaran said we will not be able to see good governance at companies if there are prescriptive arrangements, and advocated that such practices come from within. He quipped that the February 14 directive on industry standards on minimum information to be provided for review by the audit committee and shareholders for approval of a related party transaction is a «very elaborate» document.

West Bengal Chief Minister Mamata Banerjee is likely to visit London later this month to deliver a lecture at the University of Oxford, a well-placed official said on Wednesday. Banerjee is likely to leave for London on March 21, he said. She was invited to deliver the lecture by the Pro-Vice Chancellor of the University Jonathan Michie, during the Bengal Global Business Summit in November 2023. «The CM has accepted the invitation of the University of Oxford, where she is scheduled to deliver a lecture. Her flight to London is scheduled on March 21 via Dubai,» the official said, adding that the lecture is scheduled on March 27.

foreign aid payments. The court, in its first significant ruling on a legal challenge to the Trump administration, voted 5-4 to uphold a lower court order requiring that payments be made on aid contracts that have already been completed. The justices said the federal judge who ordered the resumption of payments for contracts with the US Agency for International Development (USAID) and State Department «should clarify what obligations the Government must fulfill.»

skills development and entrepreneurship will soon come up with a detailed action plan for setting up the national centres of excellence (CoEs) for skilling, defining roles and responsibilities of government, industry, and global institutions and establishing collaboration mechanisms between stakeholders, skills secretary Atul Kumar Tiwari said. Speaking at a post-budget webinar jointly organised with the Department for Promotion of Industry & Internal Trade (DPIIT) on Wednesday, Tiwari said the action plan will also look at seamless integration between industry and the government in curriculum design and training delivery. “A structured framework for training instructors incorporating continuous learning programs, certification mechanisms, and incentives to attract and retain skilled trainers will also be put in place,” he said .

Facebook/ Meta will be published next week. Flatiron Books announced Wednesday that «Careless People» is scheduled for Tuesday. The memoir is written by Meta's former director of global public policy, Sarah Wynn-Williams, who left what was then Facebook in 2018. "'Careless People' takes readers inside Meta's board rooms, private jets, and meetings with heads of state, revealing the appetites, excesses, blind spots, and priorities of executives Mark Zuckerberg, Sheryl Sandberg, and Joel Kaplan," the publisher's announcement reads in part. «Wynn-Williams paints a portrait of this group as profoundly flawed, self-interested, and careless human beings, callously indifferent to the price others would pay for their own enrichment.»