International Financial News

Subscribe to enjoy similar stories. New Delhi: 29 January was meant to be a special date for ITC Hotels, one that marked a new beginning. That was the day the hotel chain, whose properties are renowned for playing host to heads of state from around the world for several decades, debuted on the stock exchanges.

«It's totally unfair,» said Moeed Ali Khan, a private car driver outside Lahore's Gaddafi Stadium to watch the second semi-final between South Africa and New Zealand. «I am disgusted, neither our team is in the final nor is the final in Pakistan.»

Steve Smith announced his retirement from One Day Internationals (ODIs). Virat Kohli’s 84-run knock was key to India’s successful chase of 265 runs.

Subscribe to enjoy similar stories. In the last two weeks, the People’s Liberation Army (PLA) of China conducted live-fire naval drills in the international waters off Australia, New Zealand and Vietnam, and shooting drills in the Taiwan Strait. This show of military might is a sign of China’s growing confidence as a maritime power.

Darwinbox, which specialises in human resource (HR) services, has closed a $140 million funding round co-led by global private equity firms Partners Group and KKR. The round—largely secondary with a small primary component—also saw participation by Gravity Holdings. Sources said the blended valuation of the round was around $950 million. The company was last valued at $1 billion in 2022, following a $72 million funding round led by Netflix-backer TCV.

Subscribe to enjoy similar stories. What do Rachel Reeves, Javier Milei and Elon Musk have in common? All are preaching the gospel of austerity as a necessary cure for what ails their respective economies. Hence, Reeves, the UK’s Chancellor of the Exchequer, has tightened rules for government spending and investment, despite the fact that fiscal constriction has been a major cause of the country’s problems over the past 15 years.

prime residential space in 2024, followed by 237 sq ft in Hong Kong and 344 sq ft in Singapore, according to a Knight Frank report. In comparison, Mumbai offers 1,066 sq ft, marking a 2.6% decline over the past decade as prices have risen. Bengaluru has also become less affordable, with space purchasable for $1 million decreasing by 9% to 3,617 sq ft. In Delhi, one can buy 2,239 sq ft, up 11% from a decade ago. The Prime International Residential Index (PIRI 100), which tracks luxury property price changes across 100 global cities, has recorded a 3.6% annual increase in 2024. Of these, 80 cities saw either positive or stable price growth. Seoul 18.4%, Manila 17.9%, and Dubai with 16.9% growth led global price appreciation in prime real estate.

Chowgule Steam(up 19.98%), Kachchh Mineral(up 19.96%), Kreon Financial(up 16.92%), Metal Coatings(up 16.10%) and Nagarjuna Fertilizer(up 15.77%) were among the stocks that surged over 15%.

International Monetary Fund Managing Director Kristalina Georgieva. Many nations are facing weaker growth prospects and are saddled with high debt while supply chains have come under pressure due to the Covid-19 pandemic and geopolitical developments, Georgieva said remotely from the US at an IMF event in Tokyo. “We also know trade is no longer the engine of global growth it used to be,” she said. “The new US administration is rapidly reshaping its policies on trade, taxation, public spending, deregulation and digital assets, and other governments are also recalibrating their approaches and adjusting their policies.”

Directorate of Revenue Intelligence (DRI) has arrested Kannada actress Ranya Rao at Bengaluru’s Kempegowda International Airport for allegedly smuggling 14.8 kg of gold, valued at approximately Rs 12.5 crore. Officials confirmed the arrest on Tuesday, stating that she was apprehended on Monday night and subsequently presented before an economic offences court, which remanded her to 14 days in judicial custody. According to PTI, Rao had arrived from Dubai on an Emirates flight and was reportedly under surveillance due to her frequent international travel. Authorities became suspicious after noting that she had visited Dubai four times within just 15 days, prompting them to conduct a targeted operation upon her return. Investigators revealed that the actress had allegedly smuggled the gold by wearing a significant portion of it and concealing gold bars within her clothing. Upon landing, she reportedly attempted to use her connections to evade customs checks. According to sources, Rao claimed to be the daughter of Karnataka's Director General of Police and even contacted local police personnel to escort her home.

Subscribe to enjoy similar stories. New Delhi: The audit regulator has proposed changes to accounting norms to ensure financial statements of businesses are more transparent and accurate about investments and transactions in foreign currencies for which the exchange rate is not readily available or is unreliable.

Indian banks are in talks with the international financing messaging system SWIFT on migrating to the new instant and real-time gross settlement system under ISO 20022, effective from November 25. So far, only four Indian banks have partially transitioned to the new system, said two bank executives aware of the deliberations. “The matter was discussed at a meeting last month, and it was decided to discuss the issue with officials from SWIFT (Society for Worldwide Interbank Financial Telecommunication) for a smooth transition and, if possible, an extension of the deadline,” said one of the executives, who did not wish to be identified. SWIFT has also suggested expediting the process of migration to the new mechanism, according to the executive.

Daredevil: Born Again is set to debut on Disney+. The series will follow Matt Murdock's return with a fresh storyline. The show will have a weekly episode schedule from March 4, 2025.

Two thirds of businesses say they can withstand a tariff war with the United States that lasts more than a year, according to a new survey released on Tuesday by KPMG in Canada.

Blackstone has pulled out of the race to pick up a minority stake in the snacks business of India's Haldiram's over valuation concerns, two sources with direct knowledge of the matter said on Tuesday. Rival bidder Temasek remains in the race to acquire a minority stake in the business, said a third source with direct knowledge of discussions. Blackstone had spent seven months on the deal, but there is «no turning back» now from a decision to end talks, one of the first people said.

Benchmark NSE Nifty closed 36.65 points down at 22082.65 amid selling in frontline bluechip counters.

Subscribe to enjoy similar stories. Dalmia Bharat Ltd is expanding its footprint by making a strategic investment of about ₹3,520 crore, to be funded via debt and internal accruals. The cement maker will establish a 3.6 million tonnes per annum (mtpa) clinker unit and a 3mtpa grinding unit at its plant in Belgaum, Karnataka.

Subscribe to enjoy similar stories. High-school physics textbooks tell us that the gravitational pull between two objects is determined by three factors—the weight of the two objects, the distance between them and a universal gravitational constant. The gravitational force is directly proportional to the mass of each object, while it is inversely proportional to the distance between them.

Subscribe to enjoy similar stories. Once a niche telecom equipment player, Tejas Networks is now at the heart of India’s 5G revolution. Backed by the Tata Group and expanding globally, the company has big ambitions.

A power outage at Baltimore-Washington International Airport is causing significant flight delays and other interruptions to air travel