Manipur / The Economic Times
At COP29, developing nations, including India and China, are demanding $1.3 trillion per year in climate finance from developed countries. They argue that this funding is a legal obligation under the Paris Agreement, not charity. Developed nations are resisting this figure and seeking to expand the contributor base beyond themselves.
As per Sebi norms, these schemes must invest 65-80% in stocks, and 20-35% in debt. This mixed portfolio helps to deal with the market volatility better. When the equity market is in turmoil, the debt part of the portfolio softens the blow. This helps new investors to continue with their investments without worrying too much about volatility.
Indian indices Sensex and Nifty50 opened lower, impacted by Adani stocks' decline following bribery and fraud allegations.
Investec has initiated coverage on Adani Energy with a Buy recommendation, citing significant opportunities in the transmission and smart metering segments
US prosecutors have charged Indian billionaire Gautam Adani, his nephew Sagar Adani, and six others in a multi-billion-dollar fraud and bribery scheme. Allegations include paying over $250 million in bribes to secure solar energy contracts and misleading investors to raise $3 billion in funding. The indictment outlines violations of US laws, including securities fraud and obstruction of justice, spanning 2020 to 2024. Arrest warrants have been issued for Gautam and Sagar Adani as investigations
The Indian market is expected to consolidate on November 21, 2024, due to muted global cues. Nifty futures closed with a slight loss on Tuesday, and the market was shut on Wednesday. Experts recommend stocks like Varun Beverages, Coromandel International, Tech Mahindra, and Indigo as top trading ideas, with specific targets and stop-loss levels for short-term traders.
Adani Energy Solutions' shares plummeted 20% after Gautam Adani and others faced charges in a US bribery and fraud case. This occurred despite the company's announcement of a 100% stake acquisition in Pune-III Transmission, aiming to enhance shareholder value and support renewable energy evacuation.
Twelve companies, including Orient Technologies and Steelcast, have set November 22nd as the ex-dividend date. Investors looking to receive dividends from these companies must purchase shares before this date. The article lists each company and their respective dividend amounts.
NTPC Green Energy's IPO, seeking to raise Rs 10,000 crore, has received a 33% subscription so far. Retail investors showed strong interest, subscribing 1.33 times the allotted quota. Analysts are optimistic about the company's growth potential in the renewable energy sector and recommend subscribing to the issue.
The company is in talks with investors to raise $500 million in the coming weeks through a bond issue to partly refinance $606 million of outstanding 13.875% notes maturing in 2028. This is a re-tap of the bonds raised in September and the instrument is likely to be priced around 10.2%, where the bond is trading.
We believe Asia in 2025 will look very different from what it did in the past few years, said HSBCs analysts. Mainland China is turning a corner, India is slowing, ASEAN is investing in new infrastructure, and, in North Asia, the story is all about AI and returning cash to shareholders through dividends and share buybacks.
Passengers stranded at Delhi Airport due to fog-related flight delays exceeding two hours will soon be allowed to deplane and reboard without repeating security checks. This initiative aims to alleviate passenger inconvenience and optimize slot utilization during the fog season. A separate holding area will be established to ensure the security and segregation of deplaned passengers.
The company priced the bond at 7.45% and the proceeds of the issue will be used to refinance existing loan facilities of the company. The pricing of these bonds is much higher than the 7% targeted by Adani Green in the issue that was pulled out ultimately on October 15. Bankers said the more expensive pricing reflects the rise in the benchmark US treasury yield since that date.
Elsbeth Episode 6 will air on December 5, 2024 on CBS. The show resumes after a three-week hiatus. Season 2 consists of 20 episodes with new storylines and returning characters. Episodes are available on Paramount Plus the following day.
Disney+ and Hulu have announced a second season of The Artful Dodger. Filming begins in 2025 in Sydney. It continues the story of Jack Dawkins and his connections with Lady Belle and Fagin.
Following Donald Trump's election as 47th President of the United States, several A-list celebrities have expressed plans to leave the country, citing political concerns and seeking a fresh start elsewhere.
Recent reports have come forward which have claimed that a pretty small asteroid which is being currently termed as the second moon of earth will be leaving soon and it will not be back until the year of 2055.
India's coal imports saw a slight year-on-year increase of 1.4%, reaching 129.5 million tonnes in the first half of the fiscal year. However, the value of these imports decreased, resulting in savings of 13,629 crore due to cost-effective procurement strategies. The government remains committed to reducing reliance on imported coal by boosting domestic production and improving logistics.
Maharashtra recorded an average voter turnout of 62% across its 288 assembly seats, while Jharkhand's second-phase voting for 38 seats saw a higher turnout of 68%, according to Election Commission data.
Alpha Wave Global is investing $350 million for a 12.5% stake in Advanta Enterprises, a subsidiary of UPL specializing in hybrid seeds. The deal includes a $100 million primary investment and a $250 million purchase of UPL's shares in Advanta. UPL will use the proceeds to reduce its debt, while Advanta will utilize the funds for growth initiatives.
Maharashtra and Jharkhand assembly elections concluded with voter turnouts of 61.99% and 68.01% respectively. Jharkhand's turnout surpassed its 2019 figures, while Maharashtra saw a slight improvement. Urban apathy remained a concern in Maharashtra, with major cities recording lower turnouts compared to rural areas. The results of both elections, along with several by-polls, will be declared on November 23rd.
A report by India's leading health research body found that air pollution caused 1.7 million deaths in 2019. This represents 18% of all deaths in the country that year. The primary cause of death was chronic obstructive pulmonary disease (COPD). The study identified industrial emissions, vehicular exhaust, and the burning of solid fuels as major contributors to air pollution.
A new report reveals a shocking $492 billion is lost globally each year to tax dodging, with multinational corporations and wealthy individuals exploiting loopholes and tax havens. The report criticizes the 'Elite Eight' countries, including the US and UK, for enabling this system while simultaneously losing billions in tax revenue.
Developing and developed nations are clashing over a new climate finance goal at COP29, with just 48 hours left to bridge the divide. Developing countries demand trillions in annual funding, primarily from public sources, while developed nations propose a broader approach including private and emerging economy contributions.
Robert Miller, Director of the Whittle Laboratory, highlights the need for disruptive technologies like cryogenic hydrogen fuel and hybrid electric flight to achieve net-zero aviation by 2050. He emphasizes four Sustainable Aviation Goals: mitigating contrail-induced cloud formation, enhancing system efficiency, scaling up sustainable aviation fuels, and investing in experimental technologies like hydrogen-powered aircraft.
The Central Board of Secondary Education has released the board exam dates for 2025. The exams will begin on February 15 for Class 10 and February 15 for Class 12. Students will have more time between major subject exams. The board has compressed the schedule, leaving fewer days for major exams.
The Indian government has recommended 228 infrastructure projects worth 15.89 lakh crore for approval under the PM GatiShakti initiative. Reviewed by the Network Planning Group (NPG), these projects, primarily roads and railways, aim to reduce logistics costs and boost multi-modal connectivity. The initiative leverages a national master plan with extensive geospatial data for integrated planning and faster approvals.
Fans of Surface have been anxiously awaiting updates on the show's return. It has been over two years since the first season left audiences hooked with its unanswered questions and gripping cliffhangers.
The Indian insurtech sector has raised over USD 2.5 billion and is expected to attract more investment due to significant growth opportunities, according to a report by Boston Consulting Group (BCG) and the India InsurTech Association (IIA). India is home to around 150 insurtech companies, including 10 unicorns and over 45 minicorns, with revenue increasing 12 times in the past five years to reach USD 750 million.
India's steel secretary warned that the country needs $120 billion in investments to reach its 300 MT steel production target by 2030. With current capacity at 180 MT, an additional 120 MT is required. Without these investments and with rising demand, India could become a net steel importer by 2030.
Both Baba Vanga and Nostradamus have made the same scary and eerie prediction for 2025. Both the mystics have predicted a devastating conflict for a particular continent in 2025, sparking widespread interest and debate. Baba Vanga and Nostradamus have made many accurate predictions so far. Now, for 2025, both the seers have predicted the same thing and it is nothing less than scary.
AR Rahmans net worth is estimated to range between 1,728 crore and 2,000 crore, according to DNA and other sources. Widely regarded as Indias wealthiest male singer, he commands an impressive fee of 3 crore per song.
India's services exports are on track to surpass merchandise exports by 2030, reaching USD 618 billion. Driven by software, IT, and Other Business Services (OBS), this shift highlights India's emergence as a global services powerhouse. However, diversifying IT exports beyond the US and promoting OBS sectors are crucial for sustained growth.
The UP government is deploying four all-terrain firefighting vehicles at the Mahakumbh 2025 to ensure a safe event. These vehicles, costing approximately 2.5 crores each, can navigate challenging terrain and are equipped with advanced fire safety devices for rapid response to fire incidents.
Voting for the Maharashtra and Jharkhand Assembly elections is happening today. Exit poll results will be released after voting ends. The actual election results will be declared on November 23. Exit polls are predictions based on voter feedback. The accuracy of exit polls has been questioned in the past.
Uttar Pradesh Chief Minister Yogi Adityanath launched the Dekho Apna Desh - People's Choice 2024 campaign, aiming to identify and promote the state's top tourist destinations. The campaign encourages public participation through voting and selfie uploads, with the goal of developing world-class tourist attractions based on public feedback.
Exit polls suggest a victory for the BJP in the Uttar Pradesh by-elections. The polls indicate the BJP will secure six seats, while the SP will likely win three. These by-elections hold significance as the first electoral test following the Lok Sabha elections.
Zomato is looking for a Chief of Staff. The job update was shared by none other than Zomato CEO Deepinder Goyal himself. In the post description, Goyal said those applying for the job must be hungry and must have lot of common sense. The role comes with a striking condition: no salary in the first year, and a requirement for the selected candidate to pay Rs 20 lakh as a fee.
India's economic growth may have slowed down recently. However, the economy is still projected to grow between 6.5% to 7% this fiscal year. Data on e-way bills and e-invoices support this projection. Food prices have been a concern, but inflation is not a major challenge. Government capital expenditure may be slightly lower than initially projected.
The Indian Meteorological Department (IMD) has issued a warning about a potential cyclone forming over the South Andaman Sea around November 21st. This system is expected to move westward, intensifying into a low-pressure area and eventually a depression over the Bay of Bengal by November 25th.
Arcane Season 2 Act 3: The much-loved animated drama Arcane Season 2 Act 3 is back to entertain its viewers. While in the previous season, many fan-favourite characters died which might be again seen in the upcoming episodes. Arcane Season 2 Act 3 is scheduled to premiere on Netflix this month.