War Financial News

«The services export boom of India is the most unheralded story of India in the last five years and it is talked about very little and that has not just come through these IT companies, it has come out of the GCCs which are there and I think without Indian GCCs, which are the global competence centres of the multinationals operating in the world, I think all the top 500 companies of the world are today dependent on Indian global competence centres for them to run,» says S Naren, ED & CIO, ICICI Prudential AMC. The market always gives you pockets of excitement, pockets of despair. And I can see some pockets of despair. One is IT. To some extent, you could say underperformance in private banks. Are these two sectors getting ready now to start outperforming, whether it is largecap IT or largecap private banks? Certainly, I would say private banks is an area which appears to be at fair value. So, if you look at the funds that I run directly, like Value Discovery, for example, I have never had a situation in Value Discovery where private banks are such a big part of my portfolio.

U.S. President Joe Biden says the agreement to tap into the windfall profits on frozen Russian assets held in Europe would put that money to work for Ukraine

House of the Dragon season 3 is all set to release soon as HBO has revealed ahead of the premier of the second season. In December 2023, «House of the Dragon» creator George R.R. Martin confirmed that third and fourth seasons were already in the pipeline. «House of the Dragon» is based on George R.R. Martin's book. The narrative sets in the two-century before "Game of Thrones" and it talks about the story of «House Targaryen».

A group of Ukrainian winemakers has visited California’s Napa Valley to learn about organic farming and how to heal land scarred by bombs and littered with mines

Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops

Italy is hosting the summit of the Group of Seven industrialized nations in the wake of the European Parliament election that saw a surge in support for the far right in places like G7 members France and Germany

Giorgia Meloni greeted European Commission President Ursula von der Leyen and German Chancellor Olaf Scholz with a 'Namaste' at the G7 Summit in Italy. The traditional Indian greeting, symbolizing respect and mutual recognition, highlighted solidarity among the world leaders. The video of this greeting quickly went viral, evoking reactions from netizens, including one who commented, «Namaste karna sikh gai (learnt how to do Namaste).»

The heads of the Group of 7 nations — Britain, Canada, France, Germany, Italy, Japan and the United States — started their annual summit Thursday at a luxury hotel in Puglia on the southern Italian coast, overlooking the Adriatic Sea. The wars in Ukraine and the Gaza Strip and the threats posed by China's economic rise are high on the agenda.

United States and European countries have agreed to lock up sanctioned Russian assets until Moscow pays reparations for its invasion of Ukraine, a senior US official said on Thursday. The move clears the way for leaders to announce a USD 50 billion loan package for Kyiv at the Group of Seven summit, where President Joe Biden is set to sign a security agreement with Ukraine's Volodymyr Zelenskyy. The highly anticipated agreement will leverage interest and income from the more than USD 260 billion in frozen Russian assets, largely held in Europe, to secure a USD 50 billion loan from the US and additional loans from other partners. The first disbursements will be made this year, but it will take time for Ukraine to use all the money, the official said. The official spoke on the condition of anonymity to preview the agreement, which will be included in the G7 leaders' communique on Friday.

FISME) has urged the government to review NPA classification rules, third-party rating of MSMEs and Quality Control Orders (QCO). The key body representing MSMEs has also sought the government’s intervention in protecting export-oriented MSMEs and tweaking trade policies to reflect the growing contribution of Asia to global GDP. Classifying loan accounts as special mention account (SMA) if interest or principal is due for 30 days stifles the MSME's growth.

‘Kalki 2898 AD’, the much-awaited Prabhas-Deepika Padukone-starrer has run into trouble even before its theatrical release. The trailer has ignited the audience’s curiosity and intrigue about the post-apocalyptic world which is awaiting the birth of Kalki, a messiah-like figure in the Hindu scriptures. However, the makers have come under criticism for plagiarising the work of a South Korean artist named Sung Choi. Choi took to Instagram and shared one of his artworks along with a screenshot of the beginning of the trailer which showcases a city torn apart by war. The image bears an unmistakable resemblance to one of his artworks. Sharing the post, he wrote, «Unauthorized use of the artwork is a bad practice. This makes me question doing art in this lawless environment. @Kalki2898AD @VyjayanthiFilms #kalki2898ad.”

Italy to attend an Outreach session at the G7 summit, Prime Minister Narendra Modi on Thursday said its focus would be on artificial intelligence, energy, Africa, and the Mediterranean. Modi said this in a departure statement before leaving for the European nation in his first foreign trip after becoming prime minister for a third term. The prime minister said issues crucial for the Global South will also be deliberated upon at the Outreach session. The G7 summit, to be held in the luxury resort of Borgo Egnazia in Italy's Apulia region from June 13 to 15, is expected to be dominated by the raging war in Ukraine and the conflict in Gaza.

Sunny Deol on Thursday announced the sequel to «Border» on the 27th release anniversary of the 1997 blockbuster film. According to the makers, the upcoming movie is "India's biggest war film" which will be directed by Anurag Singh, known for «Kesari» and the first two films in the «Jatt & Juliet» franchise. Filmmaker JP Dutta, who directed «Border», will serve as a producer on the sequel alongside his daughter Nidhi Dutt via JP Films. Bhushan Kumar and Krishan Kumar will also produce the new movie under the banner of T-Series. Deol shared the announcement teaser of "Border 2" on his official X page.

The United States has widened its sanctions against Russia as G7 leaders prepare to gather in Italy for a summit where top priorities will be boosting support for Ukraine and grinding down Russia’s war machine

first attack took place in Reasi, where around nine to ten pilgrims were killed. The second is the Kathua terror attack.

Penna Cement, Gujarat-headquartered Saurashtra Cement and the cement business of Jaiprakash Associates as well as ABG Shipyard-owned Vadraj Cement, according to people familiar with the matter.

Hamas proposed «numerous changes» in its response to a ceasefire proposal to end the Gaza war including some unworkable changes, U.S. Secretary of State Antony Blinken said on Wednesday, but he insisted Washington and mediators will press ahead to bridge gaps between the Palestinian militant group and Israel.

militant group Hezbollah fired successive barrages of rockets at northern Israel on Wednesday, after an Israeli air strike killed a senior commander in south Lebanon the previous day.

Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country's civil war increasingly disrupts trade and livelihoods

ZKSync’s announcement of its ZK token launch saw its total value locked (TVL) to drop significantly due to debate over distribution.

A federal jury in Florida has found that Banana giant Chiquita Brands must pay $38.3 million to 16 family members of people killed during Colombia’s long civil war by a violent right-wing paramilitary group funded by the company