Giri world

Indian-origin finance chiefs are increasingly leading global giants like Unilever, Tesla, and Mastercard. A study reveals over a dozen multinational corporations have appointed Indian descent CFOs, many educated in India. This trend highlights the evolving role of CFOs as strategists, adept at navigating complex markets and demonstrating resilience, a skill honed by the Indian education system and professional experiences. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Sm8yqAG >

India and New Zealand have signed a Free Trade Agreement set to boost mobility for Indian students and professionals, while enhancing export opportunities. The deal removes student caps, extends post-study work visas, and introduces a temporary employment visa for 5,000 Indian professionals. It also offers tariff reductions on agricultural products and opens up 118 service sectors for India. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/PEJTQMF >

Air India is halting its non-stop San Francisco flights from Bengaluru and Mumbai starting March 1 due to aircraft deployment issues and increased costs from airspace restrictions. While Delhi services to San Francisco and Toronto will be boosted, passengers with existing bookings face uncertainty. The airline promises re-accommodation or refunds, with a possibility of restoring the routes later. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/2WHIaKO >

FSSAI has strongly refuted claims linking eggs to cancer, stating that eggs sold in India are safe. The authority clarified that the presence of nitrofuran metabolites below regulatory detection thresholds does not pose a health risk, as the use of these banned antibiotics is strictly prohibited in poultry production. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/YVmctOz >

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The Enforcement Directorate is preparing to file a money laundering case against Ponzi scheme fraudster Ravindranath Soni, accused of defrauding over 1,000 investors of Rs 970 crore globally. Kanpur police have gathered substantial evidence, including financial trails and celebrity connections. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/z17238b >

Sebi is collaborating with RBI and the insurance regulator to allow banks and insurance companies to participate in commodity derivatives markets. Working groups are also reviewing measures to deepen the Agri Commodity Derivatives ecosystem and optimize the regulatory framework for margins, position limits, and delivery mechanisms. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/fUqNw0Q >

Taxpayers under the old regime can still claim deductions for charitable donations via Section 80G. New FAQs from the Income Tax Department detail verification processes, emphasizing donor-donee data matching. Remember, cash donations over Rs 2,000 are ineligible, and this benefit isn't available under the new tax regime. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/AVqTir3 >

GVK Reddy's daughter, Shalini Bhupal, is set to acquire Indian Hotels' 25.5% stake in Taj GVK Hotels & Resorts for Rs 592 crore, becoming the largest shareholder. This move increases the GVK Reddy family's stake to approximately 75%, while Indian Hotels will continue to manage the hotel portfolio under long-term contracts. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/YSTMWx9 >

Enforcement Directorate questioned Anil Ambani's son, Jai Anmol, for over seven hours in a Yes Bank money laundering probe. He's summoned again Saturday to clarify transactions. The ED alleges a quid-pro-quo between Ambani's group and Yes Bank promoter Rana Kapoor, leading to substantial losses for the bank due to significant exposure to Ambani's companies. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/TEC9Mbs >

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Dense fog grounded operations at Delhi's Indira Gandhi International Airport on Friday, leading to at least 177 flight cancellations and over 500 delays. Airlines are offering full refunds and free rescheduling, with airport authorities ensuring passenger support amidst ongoing CAT III operations. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/NfRkibE >

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US inflation cooled more than expected in November. Most Americans still feel no relief from high prices for essentials, with energy costs rising. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/1enkZzR >

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The government has simplified the visa process for Indian companies to bring in foreign technical experts for production-related activities. A new online module allows digital generation of sponsorship letters for the e-Production Investment Business Visa (e-B-4 Visa), significantly reducing processing time and easing business operations for both PLI and non-PLI firms. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/mWoBGns >

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Kraft Heinz has named Steve Cahillane as its new CEO starting January 1, 2026. He will lead the Global Taste Elevation Co. after the company splits into two entities next year. This division aims to improve efficiency. Cahillane brings extensive experience in brand building and managing similar corporate structures. The current CEO will move to an advisory role. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/EGaDmsn >

NPS retirement withdrawal rules have been significantly revised, allowing non-government subscribers to withdraw up to 80% of their corpus as a lump sum. The mandatory annuity purchase requirement has been reduced to a minimum of 20%, offering greater flexibility in managing post-retirement income. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/B4VT8gi >

India's exports surged 19.4% in November, reaching $38.1 billion, the fastest growth in over three years, driven by strong shipments to the US and China. This robust performance, coupled with a 2% dip in imports, narrowed the trade deficit to its lowest since June. Key sectors like engineering goods and electronics led the export boom, indicating market diversification. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/VeQzNpw >

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France's opposition and widespread farmer protests are jeopardizing the EU's long-delayed free-trade deal with Mercosur. Angry farmers fear competition from cheaper agricultural imports, threatening a pact that has been nearly 25 years in the making. The deal's signing, planned for December 20, now faces significant delays, potentially pushing it to 2026 or later. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/f43WBEF >

US visa applicants, including H-1B workers and their families, must now make social media profiles public for enhanced screening. This directive, effective December 15, extends existing measures for students and exchange visitors. The State Department views visa decisions as national security matters, utilizing all available information to vet applicants for potential risks. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/4zfSVLy >

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China's manufacturing sector is embracing automation, with some factories already operating with minimal human intervention. While larger companies invest heavily, smaller businesses adopt a hybrid approach, integrating technology to assist workers. This shift raises concerns about job losses and the cost of modernization for SMEs. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/jnbmZh8 >

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Indian Railways is implementing significant cost-cutting measures in maintenance, procurement, and energy to bolster its finances. This proactive approach aims to absorb anticipated wage increases from the Eighth Pay Commission, projected to be substantial. The railway is focusing on operational efficiency and increased freight revenue to manage the financial impact. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Po06sCH >

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India's retail inflation saw a slight increase in November, reaching 0.7% from October's record low, driven by rising costs of vegetables, eggs, meat, fish, and spices. Experts anticipate inflation to remain subdued for now, though a surge in tomato prices could impact future trends. The Reserve Bank of India recently reduced its policy repo rate. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/D0sBdYy >

The Union Cabinet has approved significant reforms for the stock market and insurance sectors. The plan includes allowing 100% foreign investment in insurance, aiming to boost penetration and consumer choice. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/hOqisxv >

Pakistan has signed a non-binding MoU with Binance to explore tokenizing up to $2 billion in sovereign and real-world assets. This move aims to enhance liquidity and transparency by digitizing government holdings through blockchain platforms. The collaboration signals Pakistan's commitment to adopting blockchain-based financial infrastructure and attracting global investors. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/xLX53r7 >

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Celebrating three decades in India, Samsung is deepening its manufacturing, design, and innovation initiatives, aiming to build and innovate products for the world from India. The company, which has filed 14,000 patents from India, is focusing its future vision on AI to drive smart homes and connected living, contributing to a digitally-empowered nation. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/2pU7PEm >

US jobless claims surged last week, exceeding expectations, though still within historical lows. Despite this, the Federal Reserve cut interest rates, signaling concerns about weakening job market momentum. Hiring has also slowed, creating a challenging environment for job seekers, with some major companies announcing layoffs. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/PesT73f >

India's economic growth forecast for this year has been boosted to 7.2% by the Asian Development Bank, a significant upgrade from its previous projection. This upward revision is attributed to a stronger third-quarter performance, with tax cuts playing a key role in stimulating consumer spending. The ADB also anticipates a robust regional economic expansion. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/dDxNPQc >

IndiGo's chairman, Vikram Singh Mehta, apologized for recent flight disruptions, denying they were deliberate. He stated external experts will identify root causes to prevent future chaos. Mehta clarified that the airline followed new pilot rest rules and did not compromise safety. A combination of internal and external factors, not intentional actions, pushed systems beyond limits, causing cancellations. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/I2c6ysd >

US President Donald Trump has launched the 'Trump Gold Card,' a new immigration initiative offering a direct path to citizenship for qualified individuals. This program aims to retain invaluable talent for American companies, with applicants potentially contributing billions to the US Treasury. Earlier proposals indicated significant financial contributions for this expedited residency pathway. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/iFI6gBz >

The Federal Reserve's FOMC reduced its key interest rate by 25 basis points, bringing it to a near three-year low. This move aims to bolster the US economy amidst deteriorating employment conditions, though concerns about inflation persist due to trade tariffs. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/T2ngQ9X >

Microsoft is injecting a massive $17.5 billion into India, its largest investment in Asia, to bolster cloud and AI infrastructure. This significant commitment, alongside Google's plans, underscores India's growing importance as a global AI hub. The investment aims to enhance skilling and operations, positioning India as a frontier AI nation ready for transformative growth. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/5QO4MgS >

Mumbai airport experienced significant disruptions last week as IndiGo cancelled 905 flights and delayed 1,475 others, impacting over 40,000 passengers with cancellations and 2.6 lakh with delays. The crisis, peaking on December 4-5, stems from new crew rostering rules affecting pilot rest periods and disrupting schedules across the airline's network. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/2uC6OTL >

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India has launched PaRRVA, a groundbreaking independent agency by NSE and Care Ratings, to verify performance claims in securities markets. This initiative aims to boost investor trust by ensuring risk-return metrics are independently validated, setting a global benchmark for transparency and accountability in financial markets. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/eLNACcy >

In a turbulent turn of events, IndiGo's share price has dipped by 8.3% as the government takes a hardline approach in response to the airline's ongoing operational hurdles. Investors are feeling the sting, with losses exceeding Rs 37,700 crore. Moody's has raised alarms about potential credit risks fueled by these financial setbacks. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/fPVTOa5 >

Home loan borrowers are set to benefit as major banks, including HDFC Bank, PNB, and Bank of Baroda, have reduced lending rates following the RBI's 25 basis point repo rate cut. These adjustments to MCLR, RLLR, and RBLR will lead to lower EMIs or shorter tenures for eligible borrowers, offering significant relief on retail loan interest costs. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/cvq7Jjb >

The Reserve Bank of India plans to inject Rs 1.5 lakh crore into money markets. This move aims to ease liquidity and support an interest rate cut. Analysts suggest this may be temporary, with more steps needed later. The RBI might use reserves if the rupee weakens, impacting banking system liquidity. A forex swap will add durable rupee liquidity. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/5v2KUiI >

Korean esports giant Krafton is investing $200 million in India over the next 3-4 years, focusing on acquisitions in digital and tech, business expansion, and global game development from its Bangalore center. The company's operations remain unaffected by the online real-money gaming ban, with its India MD viewing the move as positive for the structured growth of the esports industry. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/JlzRTN8 >

The Ministry of New and Renewable Energy (MNRE) has denied reports of advising lenders to halt financing for renewable energy projects. The ministry clarified it shared information on solar PV manufacturing capacity to aid informed financing decisions, reaffirming commitment to self-reliance in the sector. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/zUC2tT4 >

India is sending accident investigators to Washington to review data and present their analysis on the June Air India crash. The Aircraft Accident Investigation Bureau will join the NTSB and Boeing representatives in a review meeting. This follows reports of tension between Indian and US authorities over the investigation's conduct. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/nmsoeUk >

India's Multiplex Association warns that Netflix's acquisition of Warner Bros. Discovery could harm the country's theatrical ecosystem. The shift threatens the supply of films crucial for cinema footfall, as Netflix prioritizes streaming over theatrical releases. While immediate impact may be limited, the merger raises concerns about content availability and theatrical windows. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/KjU0GDk >

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Market regulator Sebi has cracked down on Avadhut Sathe Trading Academy and Avadhut Sathe, impounding Rs 546.2 crore. The entities are accused of providing unregistered investment advisory and research analyst services under the guise of education, misleading nearly 3.4 lakh investors with false claims of high returns. They are now barred from the market pending further orders. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/2xmFyOT >