Latin Financial News

Tata Consultancy Services is planning to focus more on markets such as Japan, Latin America and Southern Europe amid weakness in North America, its chief executive said. The plan to diversify more comes after the industry leader reported its slowest quarterly profit growth since 2020, and revenue contributions from its mainstay market, North America, have declined for four straight quarters.

Godrej Consumer Products said in a stock exchange filing on Friday. Also Read: Currency headwinds to spoil Godrej Consumer Products' Dec quarter show As per IndAS 29, all amounts need to be restated into the measuring unit current at the end of the reporting period by applying a general price index. As the Argentinian economy is facing hyperinflationary pressures, accounting regulations require the YTD Statement of Profit and Loss to be translated at the closing rate for presentation in Consolidated Financial Statements, it added.

₹400 crore in India. Film Salaar, featuring Baahubali-famed actor Prabhas, earned ₹90 crore on its opening day. Salaar: Part I Ceasefire was released on 22 December 2023, a day after Shah Rukh Khans's film Dunki.

Red Sea crisis on India's trade and thrash out a strategy to minimise impact. Officials are looking at the possibility of diverting some inventories to Australia and other countries to minimise this impact.

Canadian bank CEOs expect to put more money aside for potential bad loans this year but still see borrowers overall managing well through higherinterest rates.

(Reuters) — Mexico's headline inflation accelerated for the second month in a row in December, while the closely watched core rate maintained its downward trend, official data showed on Tuesday.

Agrochemicals manufacturer GSP Crop Science is eyeing Rs 1,800 crore in revenue in 2024-25, following its domestic as well as overseas market expansion, a top company executive has said. “In 2022-23, our annual revenue was at Rs 1,600 crore. We are looking at Rs 1,800 crore revenue in FY25. Overall our target is to reach Rs 2,500 crore in next 3-4 years with the addition of overseas business especially in Brazil,” GSP Crop Science Managing Director Bhavesh Shah told PTI.

₹400 crore mark in India, report by Sacnilk.com showed. As per the report, early estimates shows that the film minted ₹2.25 crore on Day 18 in India, taking the total collection to ₹395.50 crore. The film saw an overall 16.11 percent occupancy in Telugu language while 11.89 percent occupany was seen in Hindi language.

securitization market grew 20% on year to touch Rs. 1.4 lakh crore in the first nine months of this fiscal and vehicle loans had the biggest share among asset classes of 41%, up from 32%, said Crisil ratings. Pass through certificates (PTCs) accounted for 54% of the overall volume and direct assignment (DAs) comprised the rest.

Yellowstone," a Taylor Sheridan Western series starring Kevin Costner, is getting ready for its international Netflix premiere, so fans of the show may celebrate. With a mid-January 2024 release date set, this is a big step forward for the series, as it will join the ranks of other Paramount projects like «Yellowjackets» in broadening its global audience. «Yellowstone» is expected to attract people worldwide, much like its predecessor, in line with the recent trend of Paramount programs being released on Netflix. As seen by the success of «Yellowjackets,» which debuted in at least 15 nations, including Australia, India, South Africa, and Latin American nations including Brazil, Colombia, Argentina, and Mexico, the program has already made an impact.

By Luis Jaime Acosta and Oliver Griffin

here.ONGC Videsh Ltd (OVL) is in talks with its Venezuelan partner to secure oil cargoes in lieu of unpaid dividends totalling $600 million, two people aware of the development said. This follows the US easing sanctions on Venezuela, where India’s overseas explorer has partnered state-owned Petróleos de Venezuela SA (PdVSA) for the San Cristobal project.Any oil flowing in from Venezuela holds significance for India, the world’s third largest oil buyer that once counted the Latin American country among its largest oil suppliers.A spokesperson for OVL confirmed in response to a query that the San Cristobal project owes dividends of around $600 million to the company.

SAO PAULO (Reuters) — Brazil's Vice President Geraldo Alckmin on Sunday unveiled government measures aimed at providing companies with tax benefits so they can buy new machinery and invest in transportation.

At least 20 passengers from Gujarat on board the Nicaragua-bound Legend Airlines flight, which returned to Mumbai from France, have been quizzed by police in a bid to unearth a suspected illegal immigration network that is allegedly operating from the state, according to police.

Emerging markets are set to close out 2023 with their best returns in years, as bets on bigger and faster US interest-rate cuts propelled a blistering late-year rally across the developing world. MSCI's benchmark stock gauge for emerging-market equities is on track for a 6.7% advance this year, snapping a two-year losing streak. Its currency equivalent index is headed for a 4.7% gain, its biggest yearly rise since 2017. On debt markets, bonds in emerging-market currencies are eyeing gains of 6.3%, the best since 2020, while dollar-denominated debt has reaped an 11% return, the most in four years. The cost of insuring exposure to emerging markets has also eased, with credit default swaps across 22 sovereign issuers sliding an average 72 basis points to levels last seen in September 2021.

passengers from Gujarat who were on the Nicaragua-bound flight which was sent back mid-route from France have been quizzed by police in a bid to unearth a suspected illegal immigration network operating from the state, a senior official said on Friday. The Nicaragua-bound aircraft, an Airbus A340 carrying 276 passengers, was grounded in France for four days over suspected human trafficking. It landed in Mumbai in the early hours of December 26.

SPIEF says its June 2023 event in St. Petersburg (Russia) witnessed 900 investment agreements worth about $47.6 billion, and 43 agreements between Russian and foreign businesses. Amidst global economic upheavals, SPIEF has been spearheading alliance building/ fostering alliances between Russia and its trade partners, including India.

Freevee stands out as Amazon's cost-effective alternative, offering a mix of original and third-party content.

A charter plane with 276 Indian passengers, grounded in France for four days due to suspected human smuggling, returned to Mumbai on Tuesday. The incident underlines the risks of illegal migration, also highlighted in the film Dunki. Mint explains the nuances: The Punjabi word dunki, meaning to move, or hop from one place to another, has inspired the term “donkey route".

oil supplies from Europe to India and China after the Western countries enforced economic sanctions against it over the Ukraine war. Russia invaded Ukraine in February 2022. The America-led Western countries hit Russia with a slew of sanctions including a European Union embargo on its seaborne oil deliveries.

The administration of Argentine President Javier Milei says the government won’t renew contracts for more than 5,000 employees hired this year before he took office