International Financial News

Aye Finance, a non-banking financial company, has filed draft papers with the markets regulator Sebi to raise Rs 1,450 crore through its Initial Public Offering (IPO). The Gurugram-based company's proposed IPO is a combination of a fresh issue of shares worth Rs 885 crore and an Offer for Sale (OFS) of Rs 565 crore by corporate and individual selling shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. A91 Emerging Fund I LLP, Alpha Wave India I LP, CapitalG International LLC, CapitalG LP, LGT Capital Invest Mauritius PCC, MAJ Invest Financial Inclusion Fund, Harleen Kaur Jetley and Vikram Jetley are offloading shares in the OFS.

Nitin Gadkari has asked the Indian Road Congress to develop international standards and codes for development of bridges and tunnels to ensure best quality construction. “Common policy will help all stakeholders. I have suggested Indian Road Congress to come up with common standards for construction of bridges and tunnels, though I understand construction of tunnels depends on the geology of the terrain or the place,” he said while virtually addressing the Assocham’s Annual Infrastructure Conference on Tuesday. Commenting on the need for a good quality as well as cost effective construction, Gadkari said, the quality of national highways in the country is not up to the mark and we need technological innovations to develop best quality infrastructure which is also economically viable.

multilingual professionals as a career opportunity. This has been fuelled by the emergence of more digital platforms and remote jobs, rising foreign job opportunities and initiatives. If you are also planning to pursue a foreign language course, here are a few widely popular career options you can explore. 1. Translator – The most commonly preferred career path after specializing in a language is a translator. The role expects you to translate written content like legal documents, books, and website content from one language to another. While translating, you have to ensure that the actual meaning doesn’t get lost or lose its relevance. To ace this role, one has to be fluent in both the source and target languages, possess excellent writing and comprehension skills, attention to detail, and knowledge of specialized fields such as legal, travel, or medical. For instance, if you learned the French language and aim to operate in the travel industry, then you must have an in-depth idea of both the language and the travel industry of the country you plan to work in.

To determine the busiest international and domestic flight routes, OAG analyzed the volume of scheduled airline seats from January to December 2024. The routes listed reflect round trip flights rather than one-ways in a single direction. “With the Asia Pacific region very close to a full recovery, the busiest routes are concentrated in the familiar major hubs of Hong Kong, Seoul Incheon and Singapore,” said John Grant, chief analyst at OAG, in a release.

Trudeau’s Cabinet on Monday, citing irreconcilable differences over the country’s response to US President-elect Donald Trump’s tariff threats. The move has deepened a leadership crisis within Trudeau’s Liberal Party, as nearly 60 of its 153 Members of Parliament have called for a change in leadership. Freeland’s resignation marks the first significant dissent from within Trudeau’s Cabinet, further jeopardizing the Prime Minister’s hold on power. Her departure follows Trudeau’s offer to shuffle her to another role, which she rejected, stating, “I have concluded that the only honest and viable path is for me to resign from the Cabinet.”

In the past few months United Nations-sponsored negotiations to tackle climate change, plastic pollution, loss of global species and a growing number of deserts have either outright failed or come out with limited outcomes that didn't address the scale of the problems. It's been three years since activist Greta Thunberg dismissed global talks as «blah-blah-blah,» which became a rallying cry for young environmentalists. «If you are not feeling some kind of grief about what's going on, you're obviously not understanding what's going on,» said climate negotiations veteran analyst Alden Meyer of the European think-tank E3G. He said he's been watching humanity «collectively fail as a species.»

Subscribe to enjoy similar stories. DUBLIN—When Mikey Cullen’s parents were in their early 20s, they earned enough as public-sector workers to buy a house in the city. Today, Cullen is a 27-year-old high-school teacher who lives with his mother.

Britain’s government has approved the sale of Royal Mail’s parent company to a Czech billionaire, paving the way for the postal service to pass into foreign ownership for the first time in its 500-year history

A U.S. Senate committee says at least two internal Amazon studies have found a relationship between worker speed and injuries in the online retailer's warehouses

Honeywell is considering selling its aerospace division as an activist investor pushes for change

Former talk show host Carlos Watson has been sentenced to nearly 10 years in prison in the federal financial conspiracy case surrounding his once-buzzy Ozy Media

Canada Post workers are set to return to their routes on Dec. 17, following a decisive ruling by the Canada Industrial Relations Board (CIRB). But as the clock ticks toward the holidays, Canadians are left wondering: what happens to the mountains of undelivered mail, t he fate of delayed Christmas packages, and the unresolved contract negotiations between the Crown corporation and the Canadian Union of Postal Workers (CUPW)? Here are answers to some of Canadians’ most pressing questions: 

China while suggesting that they might be really inflated, reported Business Insider. According to Business Insider, while speaking at an event which was hosted by the Peterson Institute for International Economics, Gao Shanwen eventually stated that the actual GDP growth of China could be averaging somewhere around 2% over the past two to three years, in spite of the official figures reporting close to nearly 5%. He also made a speculation that the future growth rates might realistically range between 3% and 4%, while the government will likely continue to report around 5%. Also Read :It's official! Don Jr. and Kimberly Guilfoyle had a friendly split; source says, she is intelligent, sm

Fareed Zakaria emerged as the consensus choice for Global Indian of the Year, a jury member endorsed him by stating, “He undoubtedly does more for India on the global stage than any other Indian.” This recognition is a testament to the prominent Indian-American journalist, political commentator and author’s global renown for his sharp and insightful take on international affairs and complex geopolitical matters. Born on January 20, 1964, in Mumbai, Zakaria hails from a distinguished Konkani Muslim family. Father Rafiq Zakaria was a respected politician and Islamic scholar, while mother Fatma was an accomplished journalist, who worked at The Times of India and elsewhere.

Delhi airport operator DIAL on Monday said the airport now provides connectivity to 150 destinations. On Sunday, Thai AirAsia X launched direct flights between Delhi and Bangkok-Don Mueang (DMK), marking the 150th destination connected to Delhi airport, according to a release. Delhi International Airport Ltd (DIAL) also said it has become the first airport in the country to connect 150 destinations. «Of all the long-haul destinations from India, 88 per cent of destinations are connected from Delhi and 56 per cent of all long-haul weekly flights departing from India, operate from Delhi.

Godavari Biorefineries on Monday announced a Rs 130-crore investment to enhance ethanol production. The investment will be in a corn/grain-based distillery to further strengthen its ethanol production capabilities, the company said in a statement. The Rs 130 crore investment will be done in a new 200 KLPD corn/grain-based distillery to add to its existing operations, enhancing flexibility through dual-feedstock capability, it said. The new facility will be commissioned by March 2026, the statement said, adding that the capital expenditure will be financed through internal accruals and debt.

Therefore, any comprehensive regulatory framework on the subject can be effective only with significant international collaborations on evaluation of the risks and benefits and evaluation of common taxonomy and standards, Minister of State for Finance Pakaj Chaudhary said in a written reply in the Lok Sabha. Further, he said, the need to balance investor protection and innovation must be assessed in light of the broader objective of protecting the Indian economy from the risks posed by the VDA sector while maintaining the financial and monetary stability of the economy.

Subscribe to enjoy similar stories. Switzerland has suspended the Most-Favoured-Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India, significantly altering the tax treatment of cross-border dividends. Beginning 1 January 2025, dividend payments from Swiss entities to Indian investors will be taxed at 10%, double the current 5%.

Subscribe to enjoy similar stories. Apple is preparing a series of major design and format changes to its lineup of iPhones and potentially other products, a bid to revive growth after years of offering largely incremental upgrades. Starting next year, Apple plans to introduce an iPhone that will be thinner than the approximately 8-millimeter profile of current models, said people familiar with the company’s plans.

Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting

Subscribe to enjoy similar stories. Today's edition of Stocks Made Easy shines a spotlight on a luxury car rental services company. We first featured this company a month ago, during a deep dive into stocks trading below their book value—a trend that gained traction when the buzz around Elcid Investments’ boom was just hitting mainstream attention.