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FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX), an express transportation companies, has launched the FedEx Import Tool (FiT), a solution designed to address the increasing complexities and volumes of imports in India. This timely launch is noteworthy as India has experienced a significant 12.2 percent increase in merchandise imports, reaching $60.11 billion in February 2024 from $54.4 billion in January of the previous year. There is a need for smarter, more efficient solutions to manage the complexities of the import sector. FiT, with its integration of advanced technology and user-focused design, is set to transform the import process, enhancing efficiency, compliance, and the overall end-to-end shipment journey. Developed in India, FiT stands as a testament to the local innovation aimed at addressing global challenges. It will be released in other FedEx markets globally in a phased manner. Key features of this comprehensive, single-window platform include: ·A unified self-service platform to streamline the shipping process by centralizing document management and shipment tracking.

firing incident outside Salman Khan's Bandra house, Mumbai's Killa Court on Tuesday sent the two arrested accused to the custody of the Mumbai Crime Branch until April 25. The accused, identified as Vicky Gupta (24) and Sagar Pal (21), belonging to Bihar, were presented before the court after a medical examination. Meanwhile, after the arrest of the accused, Kachchh DSP AR Zankant said that during the primary interrogation, it was revealed that the accused were in contact with gangster Lawrence Bishnoi's gang.

Microsoft Corp. will invest $1.5 billion in a technology company backed by the United Arab Emirates, a deal that includes an intergovernmental pact to ensure artificial intelligence security as the U.S. and China increasingly compete for influence in the Gulf.

DUBAI—Saudi Arabia and other oil-rich Persian Gulf states have tried to avoid taking a position on America’s geopolitical rivalries in recent years, staying neutral in the Ukraine war and building ties with China. With Israel and Iran in open conflict, they might be forced to choose a side. Saudi Arabia and the United Arab Emirates struggled to stay on the sidelines when it became clear last week that Iran would attack Israel in retaliation for a strike in Syria that killed senior Iranian military officers.

₹300 crore, and an offer-for-sale (OFS) of up to 8,421,052 equity shares of a face value of ₹2 each by the promoter selling shareholders, Goutam Rampelli (up to 1,122,807), JNK Global Co. Ltd (up to 2,432,749), Mascot Capital and Marketing Private Limited (up to 4,397,661), and individual selling shareholder Milind Joshi (up to 467,835).

BJP and BRS in Telangana have claimed that the announcement of Rs two lakh farm loan waiver by Chief Minister A Revanth Reddy is a result of their agitations demanding it and sought to know when the other promises of ruling Congress government would be fulfilled. Taking on the Congress government, BJP Rajya Sabha member K Laxman on Tuesday asked why should people vote for Congress in the Lok Sabha elections when promises like investment support of Rs 15,000 to farmers and financial assistance of Rs 12,000 to agriculture workers have not been implemented. Addressing reporters here, Laxman also took exception to Revanth Reddy's charge that there was a clandestine understanding between BJP and BRS. BRS MLA T Harish Rao claimed that the CM made the announcement to waive farmers' loans before August 15 only with an eye on the Lok Sabha polls.

Zomato Ltd. slipped 1.03 per cent to Rs 186.15 in Tuesday's trade. It hit a high of Rs 189.15 and low of Rs 183.95 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 121.83, while the 50-DMA was at Rs 165.8. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Sanjiv Bhasin, Director, IIFL Securities, says In the current market scenario, Hindustan Unilever Limited (HUL) emerges as a compelling addition to investment portfolios. A systematic investment plan (SIP) in HUL, with a minimal downside risk of Rs 50 but an upside potential of Rs 400, should be considered. Another stock to watch is Larsen & Toubro Infotech (LTI), despite recent negative news. Insiders believe that any impact from resignations has already been factored in, making LTI an attractive option at Rs 4,800. Indiabulls Real Estate is also gaining attention as a lucrative prospect, especially with its market cap of Rs 6,500 crore, recent infusion of Rs 4,000 crore. Investors are advised to consider reallocating from heavyweight stocks like Godrej and DLF to capitalize on the potential growth of Indiabulls Real Estate. Additionally, opportunities may arise with ICICI Bank, expected to deliver strong financial results. Things are heating up for the markets. You had warned of this kind of weakness and volatility in the markets. What next? Do you see this weakness continue for some more time? Sanjiv Bhasin: Yes, we had warned investors to take some money off the table.

Indian Hotels Company Ltd. gained 0.56 per cent to Rs 601.0 in Tuesday's trade. It hit a high of Rs 604.55 and low of Rs 590.5 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 454.77, while the 50-DMA was at Rs 567.79. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Rekha Jhunjhunwala portfolio: Ace investor Rekha Jhunjhunwala has booked partial profit in her portfolio stock NCC shares. As per the shareholding pattern of NCC for the January to March 2024 quarter, Rekha Jhunjhunwala has trimmed her stake in the construction company from 11.24 percent to 10.10.64 percent. However, stock market experts are still bullish on this Rekha Jhunjhunwala portfolio stock.

Also Read: Research well before borrowing from digital lending apps, says Madhusudan Ekambaram of KreditBee As the regulatory body progresses towards eliminating illegitimate lending apps, it's equally important for you to remain vigilant and detect fake lending apps independently. Here are some tips to help you identify and avoid illegitimate lending apps: The Reserve Bank of India (RBI) has stringent guidelines for fair lending practices. Legitimate lending apps or Loan Service Providers (LSPs) adhere to these regulations.

I am 29 and earn a monthly salary of Rs 75,000. I don’t have any investments. I aspire to retire within 20 years. How can I retire with a corpus of Rs 6 crore? Naveen Kukreja, CO-FOUNDER AND CEO, PAISABAZAAR.COM: Consider allocating 50% of your current salary towards retirement savings and increase it 10% annually.

Iran temporarily closed its nuclear facilities over «security considerations» in the wake of its massive missile and drone attack on Israel over the weekend, the head of the UN's atomic watchdog said Monday. Speaking to journalists on the sidelines of a UN Security Council meeting, International Atomic Energy Agency (IAEA) chief Rafael Grossi was asked whether he was concerned about the possibility of an Israeli strike on an Iranian nuclear facility in retaliation for the attack. «We are always concerned about this possibility. What I can tell you is that our inspectors in Iran were informed by the Iranian government that yesterday (Sunday), all the nuclear facilities that we are inspecting every day would remain closed on security considerations,» he said.

Cold War II: The world needs to minimize hot eruptions in West Asia Sullivan was to travel to India earlier this year in February but because of the global crisis in Ukraine and West Asia, the annual review meeting on iCET was rescheduled. "Due to ongoing events in the Middle East, NSA Sullivan has postponed his trip to India this week," a US embassy spokesperson said.

Jio Financial Services, the financial subsidiary of Reliance Industries, witnessed a significant surge of 5% during today's intraday session, reaching ₹371.95 per share. This increase follows the company's announcement, made through an exchange filing on Monday, regarding the signing of an agreement to establish a 50:50 joint venture with BlackRock.

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Kotak Mahindra Bank Ltd. expects the addition of the country’s sovereign bonds to JPMorgan Chase & Co.’s global indexes from June to boost banks’ liquidity and reduce the need to aggressively pursue deposits in the short term. The anticipated entry of overseas funds into India’s $1.2 trillion government debt market presents an opportunity for lenders including Kotak to sell part of their bond investments to these new buyers, according to Joint Managing Director K.V.S Manian. The move is expected to unlock funds for lending purposes and ease the pressure on banks that have been relying on costly deposits to disburse loans, Manian said in an interview. Kotak holds securities well in excess of the minimum statutory liquidity ratio mandated by the Reserve Bank of India, he said. Banks in India are the largest holders of government bonds.

Elon Musk's satellite internet venture Starlink has received an in-principle approval from the telecom ministry. This approval clears a critical hurdle that the venture has been facing for almost three-and-a-half years. The approval process is now at the desk of communications minister Ashwini Vaishnaw, awaiting final vetting by the home ministry over certain security matters, according to highly-placed sources. One of the sources as reported by TOI stated, «The commercial part has been examined on issues, such as, foreign investment and net worth. The essential examination shows that it (Starlink's application) is in line with the (official) guidelines. Thus, it has been approved.» The source further mentioned that the technical requirements have also been examined as per the license conditions. «The technical requirements have been examined as per the licence conditions,» the source said, adding, the company has also submitted a «declaration» regarding its ownership.

Vishal alias Kalu, a member of the Lawrence Bishnoi gang, for his involvement in a firing incident near Bollywood actor Salman Khan's residence in Bandra's Galaxy Apartments. The arrest follows the firing of six shots, including one on the wall of the complex and two at Khan's balcony, by two individuals who arrived on a bike on Sunday. The shooters had abandoned the bike near Mount Mary church and took an autorickshaw. They are believed to have fled by a train and have been captured in CCTV footage at the Bandra railway station.

India has showcased itself as a global leader, the top intelligence official from the US Department of Defense has told the Congress that in 2023, India took steps to modernise its military to compete with China and reduce its dependency on Russian origin-equipment. «During the past year, India has showcased itself as a global leader by hosting the Group of 20 economic summit and demonstrated a greater willingness to counter PRC (People's Republic of China) activity throughout the Indo-Pacific region,» Lt Gen Jeffrey Kruse, Director of the Defense Intelligence Agency told members of the House Armed Services Committee — the subcommittee on intelligence and special operations during a Congressional hearing on defence intelligence countering China. India, he said, has advanced partnerships in the Indo-Pacific with regional South China Sea claimants, such as the Philippines, through training and defence sales and deepened cooperation with the US, Australia, France and Japan.

stock price for Donald Trump's social media company slid again Monday, pushing it more than 66% below its peak set late last month. Trump Media & Technology Group closed down 18.4% at $26.61 as more of the euphoria that surrounded the stock fades. It's a sharp comedown since nearing $80 after the owner of Truth Social merged with a shell company to get its stock trading on the Nasdaq under the symbol «DJT,» for Trump's initials.