International Financial News

The U.S. ambassador to Vietnam says U.S. arms manufacturers could help the southeast Asian country build up its armed forces

Kirti Vardhan Singh told the Rajya Sabha on Thursday that the government is aware of reports issued from time to time by various foreign entities, including in the US, about the situation of human rights in India. Such reports are often found to be subjective, misinformed and biased in nature, he said. The minister said that the US Commission for International Religious Freedom (USCIRF) is an organisation with a political agenda and the government attaches no credibility to its reports, which misrepresent facts and peddle a motivated narrative about India. He said India is a vibrant democracy with its Constitution guaranteeing fundamental rights of citizens, and a robust judiciary and free media ensuring the exercise of these rights.

Carraro India Ltd, the manufacturer of transmission systems for off-highway vehicles and other agricultural and construction equipment, on Thursday said it has garnered Rs 375 crore from anchor investors, ahead of its IPO opening for subscription. Aditya Birla Sun Life Mutual Fund (MF), HSBC MF, UTI MF, Sundaram MF, Motilal Oswal MF, Kotak Mahindra Life Insurance Company, Bajaj Allianz Life Insurance Company, Tata AIA Life Insurance Company and SBI General Insurance Company are among anchor investors, according to a circular uploaded on BSE's website. According to the circular, Carraro India has allotted 53.27 lakh equity shares to 33 funds at Rs 704 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 375 crore.

Market Research Society of India’s (MRSI) report, The Indian Research & Insights Industry 2024 Update. The report highlights that analytics, the process of analysing data to uncover patterns for decision-making, forms the backbone of the industry. Focused on customer and marketing analytics, it accounts for 58% of the market and has grown by 17%, driven by the adoption of big data, AI, and machine learning in sectors such as retail, finance, and media. Similarly, Custom Market Research—tailored studies commissioned by clients to address specific business challenges—has grown by 9%, now representing 29% of the market.

Subscribe to enjoy similar stories. Thousands of Amazon.com workers went on strike Thursday during the crucial run-up to Christmas over contract negotiations and the company’s refusal to recognize the Teamsters labor union. The International Brotherhood of Teamsters, the union that represents the Amazon employees, called the action the largest ever strike against Amazon by U.S.

capital expenditure and to invest in overseas subsidiaries, and Rs 325 crore through an offer for sale by promoters and an investor. The promoter group's stake will fall to 51.4% after the IPO from 60.9%. The company has international operations and operates in a high potential sector. However, it needs to show consistency in financial performance. Risk averse investors therefore need to wait for a sustainable trend in financials before making an investment decision.

immigration officials stopped her from boarding a flight to Toronto. The arrest followed the discovery of irregularities in her passport, which had been tampered with to hide certain details about her travel. Satveer Kaur, a resident of Punjab, was set to travel to Toronto to join a new job after completing her higher studies in Canada. However, when officials examined her passport, they found that the arrival date of September 28 had been deleted. The police later revealed that Kaur had removed this date to prevent her parents from knowing when she had returned to India. According to a police official, «She said that her parents were unaware about her arrival on Sept 28. She did not want her parents to know about it as she had gone to meet her friend.»

National Skill Development Corporation (NSDC) International — a subsidiary of the nodal skill development agency on Thursday launched Bharat Innovation Global Private Limited (BIG) initiative in collaboration with edtech startup PhysicsWallah. The programme aims to develop India into a global education hub. The initiative will focuses on bridging the gap between education and employability through flexible, technology-driven learning pathways, a statement from the edtech read, adding that it will integrate AI-driven career guidance, gamification, adaptive learning tools, and secure Learning Management System (LMS) platforms for individuals. BIG will provide skill training to students in grades 11 and 12 in schools, PhysicsWallah said. “This approach extends to Industrial Training Institute (ITI) and Polytechnic learners, university students, and working professionals, fostering learning across ages,” the startup added. The programme will also include capacity building for government sector employees.

Subscribe to enjoy similar stories. MUMBAI : Mumbai-based Ajmera Realty and Infra India Ltd aims to expand its market capitalization (m-cap) by 10x to $5 billion through acquisitions and joint ventures (JVs), said Dhaval Ajmera, director at Ajmera Group. Ajmera added that to achieve the goal, the company is targeting at least 25-30% growth each year in terms of volumes, sales, and profitability.

This growth is driven by the inauguration of the Gurugram stretch in March 2024 and the near completion of the Delhi stretch, fuelling residential activity. The total annual residential new supply in Dwarka Expressway has surpassed the 10,000-unit threshold since 2020, compared to 5,000–7,000 new units launched per year in the pre-pandemic period.

China has maintained its substantial military presence along the Line of Actual Control (LAC) with India since the Galwan Valley clash in June 2020, according to the latest Pentagon report released on Wednesday. Despite some troop disengagements in certain areas, the People's Liberation Army (PLA) has not scaled back its positions or numbers. «PLA has not drawn down its positions or troop numbers since the 2020 clash and has built infrastructure and support facilities to maintain multiple brigade deployments along the LAC,» the report states. The Pentagon's annual assessment indicates that China has kept approximately 120,000 troops stationed along the 3,488-km-long LAC, which stretches from Ladakh to Arunachal Pradesh. In addition to the soldiers, the PLA has stationed heavy weapon systems, including tanks, howitzers, surface-to-air missiles, and other advanced military equipment. The report further highlights that over 20 combined arms brigades (CABs) remain in forward locations across the western, middle, and eastern sectors of the LAC.

Subscribe to enjoy similar stories. Despite a dull first half of FY25 (H1FY25), shareholders of Coromandel International are brimming with optimism. The fertiliser firm’s stock hit a new 52-week high of ₹1,882 on Wednesday, taking its returns so far this calendar year to 45%.

FAAD Capital, a SEBI-registered Category 1 Angel Fund headquartered in Gurugram, on Thursday, announced the launch of its investor network in Dubai, marking the fund’s first international expansion. With this milestone underscores FAAD, aims to support global collaboration and engaging with Non-Resident Indians (NRIs) and local investors to drive investments into Indian startups. The inaugural Dubai edition of the FAAD Network Investor Meet was held at the Shangri-La Hotel, and participation from over 100 investors was seen.

Ravichandran Ashwin retired from international cricket on Wednesday, leaving big boots to fill in the Indian Test team. If Ashwin's father, Ravichandran, is to be believed, the cricketer's retirement had more to do than him having finished with cricket. In interview with CNN News18, Ravichandran has alleged that his son was constantly being humiliated which may have contributed to him announcing his retirement midway through India’s ongoing tour of Australia. Even Ashwin's father was caught by surprise with the spinner's decision.

Subscribe to enjoy similar stories. The government of El Salvador’s President Nayib Bukele agreed to scale back his ambitious plan to adopt bitcoin as a national currency in exchange for a much-needed $1.4 billion loan by the International Monetary Fund.

Jaiprakash Power Ventures Ltd.(up 5.78%), NLC India Ltd.(up 2.68%), RattanIndia Power Ltd.(up 2.46%), CESC Ltd.(up 1.43%), Indowind Energy Ltd.(up 0.91%), Karma Energy Ltd.(up 0.36%), Gujarat Industries Power Company Ltd.(up 0.15%), GE Power India Ltd.(up 0.08%) and GE Vernova T&D India Ltd.(up 0.05%) were among the top gainers.

Ashwin, who retired from international cricket on Wednesday, said he will try and play cricket for as long as he can. The statement came while he was interacting with the media upon returning to Chennai on Thursday. The off-spinner was picked up by Chennai Super Kings for Rs 9.75 crore in the IPL 2025 mega auction. He also captains Dindigul Dragons in the Tamil Nadu Premier League and won the title this year. «I am going to play for CSK and don't be surprised if I try and aspire to play for as long as I can. I don't think Ashwin the cricketer is done, I think Ashwin the Indian cricketer has probably called it time. That's it,» said the Indian great.

Australia will try to rein in a spike in international student arrivals by imposing different speeds of visa processing, in the latest effort by the center-left government to cut migration numbers ahead of an expected tight election. Education Minister Jason Clare on Thursday announced the new ministerial direction, which he said would prioritize the processing of visa applications for those universities and colleges “that are operating sustainably.” Under the changes, there will be two categories of visa processing: high priority and standard. Education providers will receive quick approvals up until they hit 80% of their international student allotment, which was previously flagged under legislation to cap arrivals. After that, visas will be processed at a slower pace.

UPI One World service, which foreign travellers in India use for Unified Payments Interface-based transactions at merchant locations, may be opened up for interpersonal transactions early next year, said two people aware of the deliberations. International travellers in India are allowed to use this mode of payment only for merchant transactions, but once the Reserve Bank of India (RBI) gives its nod for interpersonal transactions, they will be able to use this service to also pay small merchants, public transporters and tourist guides, among others. Currently, five players--Pine Labs, IDFC First Bank, Payworld, Transcorp and Cheq (operated by Trio Tech Solutions)--are enabled on UPI One World.

Donald Trump's most popular talking points during his campaign centered on the future of transgender athletes. Trump revisited the topic multiple times in the months and weeks before the election, suggesting at his rallies that one of the goals of his second term would be to “keep men out of women's sports." Millions were spent on advertising that turned something that affects a tiny minority of competitors into a wedge issue, AP reported. More than half of voters overall — and the vast majority of Trump supporters — said support for transgender rights in government and society has gone too far, according to AP VoteCast, a survey of more than 120,000 voters nationwide. What, exactly, Trump will do when he takes office on January 20 is unclear. His transition team has not divulged any specifics, though the president-elect said during his campaign that the process would be 'easy'.

It’s not every day, or even every decade, that a big foreign bank decides to have a go at Canada’s retail banking market.