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New Delhi: Shares of Akzo Nobel India jumped over 7 per cent on Friday after Sajjan Jindal's JSW Paints announced the acquisition of Dutch paint maker Akzo Nobel's India unit in a Rs 12,915-crore deal. The stock surged 6.65 per cent to settle at Rs 3,405 apiece on the BSE. During the day, it jumped 10.66 per cent to Rs 3,533. On the NSE, shares of the firm zoomed 7.20 per cent to end at Rs 3,419 each. The company's market valuation climbed Rs 967.28 crore to Rs 15,506.48 crore. JSW Paints on ...Read More >
New Delhi, Jun 27 (PTI) Sajjan Jindal's JSW Paints on Friday announced acquisition of Dutch paint maker Akzo Nobel's India unit in a Rs 12,915-crore deal to become the fourth-largest player in the paint industry in the country. JSW Paints will buy a 74.76 per cent stake in Dulux paint-maker Akzo Nobel India for Rs 8,986 crore and launch an open offer to buy another 25 per cent from open market for up to Rs 3,929.06 crore. "JSW Paints today (Friday) entered into definitive agreements to acquire ...Read More >
Bengaluru, Jun 7 (PTI) A 26-year-old man allegedly beheaded his wife following a heated argument on the outskirts of Bengaluru after he suspected her of having an extra-marital affair, police said on Saturday. After killing Manasa, Shankar travelled with her severed head on his scooter to the nearest police station and confessed to the crime, they said. The man was later arrested, police said, adding that the incident occurred at Heelalige village, near Chandapura, Anekal taluk late on Friday. ...Read More >
India's International Train Links: These 5 Indian Stations Connect You To Another Country By Train A video going viral of a Palestinian dad handing over a packet of India's favourite Parle-G biscuits to his daughter has highlighting the severe food crisis in Gaza, where the cost of the biscuit has risen to Rs 2,300 because of the ongoing Israel-Palestine war. On June 6, a resident of Gaza named Mohammed Jawad uploaded a video on X wherein he is giving his daughter, Rafif, a packet of Parle-G, ...Read More >
Bhubaneswar: Hundreds of junior school teachers from across the state Friday staged a protest here demanding regularisation of their services and withdrawal of contractual appointment system. Holding posters and banners against the contractual appointment of junior teachers in schools, the teachers, including women, demonstrated at Mahatma Gandhi Marg here. The teachers, representing various schools across the state, demanded immediate regularisation of their posts and scrapping of the contract ...Read More >
Mumbai: India's forex reserves dropped by $1.237 billion to $691.485 billion for the week ended May 30, the RBI said on Friday.The overall reserves had jumped by $6.992 billion to $692.721 billion in the previous reporting week. The forex reserves had touched an all-time high of $704.885 billion in end-September 2024. Earlier in the day, RBI Governor Sanjay Malhotra said that at $691.5 billion, the reserves are sufficient to fund more than 11 months of goods imports and about 96 per cent of ext ...Read More >
New Delhi [India], June 6: Travelling is a great way to enrich the mind and soul. But touring through the Schengen region, where you can stroll through Paris or enjoy the architectural geniuses of Italy and Germany, or ski in the Alps, is a traveller's dream. It is difficult to accommodate such an extensive trip to explore the entire Schengen region in one go. That is why extended visas for 5 years are becoming increasingly popular. 5-year Schengen visas are not only good for travellers but als ...Read More >
New Delhi: The Gaza Strip in Palestine is nothing less than a hell for its residents. Almost all the buildings have been destroyed and there is a severe shortage of food and people are struggling to survive. Amidst all this, a news report has come from Gaza that Indians will find hard to believe. It is about the usual everyday snack, the biscuit. The biscuit has become an essential part of life in Gaza. The biscuit that we buy here for five rupees is priced at over two thousand rupees there. As ...Read More >
MUMBAI: India's foreign exchange reserves (forex) slumped USD 1.237 billion to USD 691.485 billion in the week ending May 30, official data released by the Reserve Bank of India showed on Friday. RBI Governor Sanjay Malhotra said the foreign exchange kitty is sufficient to meet 11 months of the country's imports and about 96 per cent of external debt, announcing the outcome of the Monetary Policy Committee (MPC) decisions earlier today. The RBI governor added, "Overall, India's external sector ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): India's foreign exchange reserves (Forex) are sufficient to meet 11 months of the country's imports and about 96 per cent of external debt, said Governor Sanjay Malhotra while announcing the outcome of the Monetary Policy Committee (MPC) decisions on Friday. The RBI governor expressed confidence, stating that India's external sector is resilient and key external sector vulnerability indicators are improving. 'As of May 30, 2025, India's foreign excha ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): India's foreign exchange reserves (Forex) are sufficient to meet 11 months of the country's imports and about 96 per cent of external debt, said Governor Sanjay Malhotra while announcing the outcome of the Monetary Policy Committee (MPC) decisions on Friday. The RBI governor expressed confidence, stating that India's external sector is resilient and key external sector vulnerability indicators are improving. Also Read | Citigroup Layoffs: Banking Gia ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advance ...Read More >
New Delhi: In a move that has sent shockwaves through Jerusalem, Spain has officially cancelled a contract to buy advanced anti-tank missile systems from an Israeli company. Worth an eye-watering €285 million (around $325 million), the deal was expected to supply Madrid with 168 'Spike LR2' missiles - co-produced by an Israeli defense giant and its Spanish subsidiary. The Spanish Defense Ministry confirmed on June 3 that the purchase is now off the table, a decision widely seen as a political r ...Read More >
New Delhi [India], June 5 (ANI): thyssenkrupp Marine Systems, one of the world's leading enterprises in the naval industry, is celebrating the start of a new phase in the company's development with the launch of a new brand. From now on, it will operate under the new brand name TKMS and the new claim 'Your Maritime Powerhouse'. According to a company release, the new name and the new brand represent an important milestone along the path to the independent positioning of TKMS. The rebranding of ...Read More >
Indian motorbike maker Bajaj Auto Ltd. plans to acquire a controlling stake in cash-strapped KTM AG and has lined up a debt funding package of as much as €800 million ($907 million) that will save the Austrian company from bankruptcy. Bajaj Auto has already infused €200 million of debt support in the maker of MotoGP bikes, and will deploy the remaining amount ahead of a deadline to repay creditors, it said in a filing to exchanges in Mumbai Thursday. The funding package includes a €450 million ...Read More >
This marks the transfer of more than 200 employees at the sites in Zurich-Seebach in Switzerland and Coswig in Germany to Zeiss SMT. With the remaining divisions Launchers and Satellites, Beyond Gravity will focus entirely on the space business in the future. The acquisition of the Lithography was completed on December 1, 2024. While Beyond Gravity is now fully focused on the space sector, Zeiss SMT is continuing its expansion in the semiconductor industry. The Lithography Division, which has ...Read More >
The British pound increased its value against the dollar on Tuesday. Federal Reserve Governor Christopher Waller's comments, which suggested a dovish stance, provided a boost to the currency's performance, helping it recover some of Monday's losses. Meanwhile, political turmoil in France left investors cautious. Prime Minister Michel Barnier faces no-confidence votes from opposition parties amid disagreement over his budget, which proposes tax hikes and spending cuts. In light of these develop ...Read More >
Since our last publication, the higher risk-sensitive EUR/CHF cross pair has wobbled as it grappled with the Eurozone's economic weakness and a looming unfavorable external trade environment due to further global supply chain disruptions due to incoming US President-elect Trump's 10% to 20% tariffs threat on other countries' exports to the US, inclusive of the Eurozone. The EUR/CHF inched lower in the week of 18 November (ex-post US Presidential election outcome on 6 November) and retested a ke ...Read More >
FRANKFURT (Reuters) - Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices. Some argue the U.S. trade barriers will push up the value of the dollar, making imports of key commoditie ...Read More >
The European share index dropped as investors reacted to France's political unrest and the abrupt resignation of Stellantis' CEO. The STOXX 600 fell 0.1%, while the CAC 40 underperformed. France's borrowing costs increased, and sectors like automobiles and tech faced challenges, although some companies saw gains. Europe's primary share index experienced a decline on Monday as investors offloaded French stocks amidst growing political uncertainty in the country. The resignation of Stellantis' CE ...Read More >
Trump's pressure on countries to remain tied to a US-dollar-based financial system could backfire, with potential increased motivation for BRICS to create alternatives. While the dollar's dominance persists due to existing economic strengths, recent global currency agreements indicate a cautious shift away from reliance on the greenback.Donald Trump's pressure on countries around the world to stay anchored to a US-dollar-based financial system is a tactic that risks backfiring, market watchers s ...Read More >
German Chancellor Olaf Scholz visited Kyiv, reaffirming Germany's strong support for Ukraine. He announced military aid valued at 650 million euros, emphasizing Germany's commitment amidst growing tensions as Russian forces advance. Scholz's visit coincides with his re-election campaign challenges and calls to invite Ukraine to NATO. German Chancellor Olaf Scholz made a surprise visit to Kyiv on Monday, underscoring Germany's unyielding support for Ukraine, as he pledged military aid worth 650 ...Read More >
Hyderabad: President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US law permits such an action, former RBI Governor Duvvuri Subbarao said on Monday. He also said even for BRICS, there are internal differences about bringing out an alternative to the US Dollar. The nine-member group that includes India, Russia, China, and Brazi ...Read More >
(Reuters) - The euro dropped versus a strengthening dollar on Monday, with investors concerned about political developments in France. France's far-right National Rally (RN) party will likely back a no-confidence motion against the government in the coming days unless there is a "last minute miracle", RN president Jordan Bardella said on Monday. The growing uncertainty over France's budget pushed the risk premium on the government's bonds to a more than 12-year high last week. ...Read More >
The chip makers around the world felt the relief of a rumor suggesting that the sales curb to China could be less severe than previously expected. But the news didn't necessarily translate in a strong rally. ASML (NASDAQ:ASML) - Europe's biggest chip equipment maker that predicted a 30% fall to its Chinese revenue next year - closed 0.22% lower yesterday, while Tokyo Electron - which was up by more than 6% yesterday - couldn't extend gains at today's session. With US markets paused for the Than ...Read More >
Given the Thanksgiving holiday in the US, gold (XAU/USD) moved within a narrow range yesterday. XAU/USD rose only by 0.06%. Geopolitical risks and fears of a trade war continue to support the price of gold as a safe haven asset. Russian President Vladimir Putin said that Russia might use its new hypersonic missile to attack decision-making centres in Ukraine in response to the launch of Western missiles on its territory. Also, US President-elect Donald Trump promised earlier this week that tari ...Read More >
HELSINKI - Municipality Finance Plc has announced the issuance of a GBP 25 million tap under its existing Medium Term Note (MTN) program, set to commence trading on the Helsinki Stock Exchange on Monday. This new tranche increases the total nominal amount of the benchmark, originally issued on March 7, 2024, to GBP 425 million. The notes, which mature on October 2, 2028, carry a fixed annual interest rate of 4.375%. The issuance is part of MuniFin's extensive EUR 50 billion debt instrument pr ...Read More >
Key words: Administrative fine, Data subject rights, Personal data breach, Accountability, Data security, Sensitive data The President of the Personal Data Protection Office has imposed a fine on the "Stop LGBT" Legislative Initiative Committee for the way it conducted the collection of signatures. This was because the lists with signatures for the project banning assemblies on LGBT rights were left lying unsecured in the church. According to information received by the DPA, the "Stop LGBT" Le ...Read More >
Mumbai (Maharashtra) [India], November 28: Pioneering furniture fittings solutions brand Hettich India is proud to announce that it has been officially certified as a Great Place to Work, a recognition that celebrates the company's unwavering commitment to creating an ecosystem where everybody thrives. Also Read | Diljit Dosanjh Concert in Kolkata 2024: Planning to Attend Dil-Luminati Tour, Don't Miss These 5 Must-Try Local Foods. This honor is especially meaningful, with an overwhelming 95% p ...Read More >
Infrabel, Belgium's national railway infrastructure operator, has deployed Adtran's FSP 3000 S-Flex solution to grow its network capacity. The 64Gbit/s Fibre Channel (64GFC) over Wavelength Division Multiplexing (WDM) solution is set to enhance the railway operator's data network. It will boost Belgium's rail operations with scalable storage area network (SAN) connectivity and high-throughput communication. Arcadiz provided comprehensive services from engineering and installation to round-the- ...Read More >
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