Mozambique Financial News

₹5,600-5,990 a quintal against a minimum support price of ₹5,440, while that of tur is quoted at ₹10,600-10,900 in key mandis of Karnataka and Maharashtra, as per data from spot traders. “Initially yellow pea import was till 31 March.

Ambani pre-wedding celebrations in Jamnagar have made headlines in more ways than one. The array of premium handcrafted jewellery worn by the guests has stoked enormous interest, especially on social media, prompting top jewellers to focus on such ornaments studded with emeralds, sapphires, rubies and diamonds. “We have just launched a new line with platinum, crafted in a pattern with emeralds and diamonds,” said Rajiv Popley, director of Mumbai-based Popley & Sons that sells high-end jewellery. “Demand has picked up for this kind of jewellery after the pre-wedding bash. Indian customers can relate to what had been worn… It’s all over social media.” Prices typically start from `5 lakh and go up to `1 crore, Popley said. “A pair of earrings from our new line of jewellery studded with emerald and diamonds costs `7 lakh,” he said. Chairman Joy Alukkas said his eponymous chain will be launching a gemstone-studded premium line — spurred by the Ambani celebrations — by the end of next month. “We are working on the designs,” he said. This is a shift for Joyalukkas, which typically has a range dominated by gold and diamonds, although the retail chain does sell affordable, gemstudded ornaments in its north India stores.

masur, tur (pigeon pea) and urad. In addition, the government will also procure unlimited amounts of cotton at MSP for the next five years, but this is not linked to the diversification plan. This initiative aims to encourage farmers to move away from harmful practices used for traditional crops that damage soil health.

Oil India Ltd 4%. Queries mailed to TotalEnergies, OVL, BPCL and Oil India remained unanswered till press time. Efforts to resume operations follow volatility in the global energy market due to the Ukraine war.

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court on Tuesday allowed Congress leader and industrialist Naveen Jindal, accused in three cases related to alleged irregularities in the allocation of coal blocks, to travel to several countries, including the US, UK, Italy and Spain, from February 1 to 20. Special Judge Arun Bhardwaj allowed Jindal's application, noting he had travelled abroad several times in the past and returned to India to face trial within the stipulated period.

Africa Cup of Nations after facing challenging initial matches. Ghana suffered a setback in their first game as Cape Verde secured a shocking victory with a 92nd-minute winner from Garry Rodrigues. Despite Alexander Djiku's equalizer, Jamiro Monteiro's opener gave Cape Verde the lead. Meanwhile, Egypt managed to salvage a point in their opening game against Mozambique, with Liverpool star Mo Salah converting a 97th-minute penalty after Mozambique took a 2-1 lead.

The Adani Group said it will invest $24 billion in Gujarat over the next five years creating 100,000 jobs. 100 countries participating Reliance Industries Ltd (RIL) proposed India's first carbon fibre facility at Hazira together with a green energy giga complex on 5,000 acres in Jamnagar in 2024. Addressing a packed Mahatma Mandir convention centre in Gandhinagar on Wednesday morning, Prime Minister Narendra Modi said India would be one of the top three global economies in the coming years. “The world looks at (India) as an important pillar of stability, a trusted friend, and an engine of growth in the global economy,” Modi told an elite gathering of corporate leaders and heads of state, including United Arab Emirates (UAE) president Mohamed bin Zayed Al Nahyan, Timor-Leste president José Ramos-Horta and Mozambique president Filipe Nyusi. “In the rapidly changing world order, India is moving ahead as Vishwa Mitra (friend of the world),” Modi said.

Yemen's Houthi rebels on merchant and commercial vessels in the Red Sea area. The resolution, sponsored by the United States and Japan, says at least two dozen Houthi attacks are impeding global commerce «and undermine navigational rights and freedoms as well as regional peace and security.»

Narendra Modi held a 3 km-long roadshow from Sardar Vallabhbhai Patel Airport to Gandhinagar, along with UAE president Mohamed bin Zayed Al Nahyan, on Tuesday. Nahyan is in Ahmedabad to attend the tenth edition of Vibrant Gujarat Global Business Summit, which will start on Wednesday.

Narendra Modi and visiting United Arab Emirates (UAE) President Mohammed bin Zayed Al Nahyan held a roadshow in Ahmedabad on Tuesday evening ahead of the Vibrant Gujarat Global Summit scheduled to be inaugurated in Gandhinagar on Wednesday Before the roadshow, Prime Minister Narendra Modi -- who is on a visit to his home state to participate in the Vibrant Gujarat Summit--welcomed the UAE president at the Sardar Vallabhbhai Patel International Airport. Besides, PM Modi, Gujarat Chief Minister Bhupendra Patel, External Affairs Minister S Jaishankar, National Security Advisor Ajit Doval, Foreign Secretary Vinay Mohan Kwatra and some other senior officials of the state were present at the airport to welcome the UAE president. The UAE President was accorded a ceremonial guard of honour upon his arrival.

UAE president Sheikh Mohamed bin Zayed Al Nahyan embarked on a roadshow in Ahmedabad this evening. Before their roadshow, Modi welcomed the United Arab Emirates president on the latter's arrival at the Sardar Vallabhbhai Patel International Airport here.

A village in Malawi is full of “happy people” – thanks to Bitcoin mining.

organisations have so far confirmed to be partners for the upcoming Vibrant Gujarat Global Summit (VGGS) 2024, the state government said on Saturday. The 10th edition of VGGS, based on the 'Gateway to the Future' theme, will be organised in Gandhinagar from January 10 to 12.

commerce ministry is working to address issues related to non-tariff barriers and market access for domestic products in sub-Saharan African countries like Nigeria, Ethiopia, Ghana and Gulf nations to boost India's exports, an official said. The official said meetings have been held with Indian missions of the sub-Saharan African countries with which India has significant bilateral trade. The major trading partners of India in that region in 2022-23 were South Africa (total trade USD 18.9 billion, exports USD 8.5 billion); Nigeria (USD 11.85 billion, exports USD 5.15 billion); Togo (USD 6.6 billion, exports USD 6 billion), and Tanzania (USD 6.5 billion, exports USD 3.93 billion). The other countries were Mozambique (USD 5 billion, exports USD 2.5 billion); Angola (USD 4.22 billion, exports USD 621 million); and Kenya (USD 3.4 billion, exports USD 3.2 billion). «A virtual meeting with Indian Mission of top 10 countries (bilateral trade-wise) in sub-Saharan African region was held in September to discuss the overall economic and commercial relations with those countries, export performance and non-tariff barriers which are acting as impediments to bilateral trade and enhance exports,» the official said. A similar meeting was also held with Indian Missions in GCC countries. GCC is a union of six countries in the Gulf region — Saudi Arabia, the UAE, Qatar, Kuwait, Oman, and Bahrain.

₹370, indicating a downside of over 21 percent. The stock has gained 23.5 percent in the last 1 year. It hit its record high of ₹584 on September 11, 2023, but has shed over 19 percent from its peak.

Northern Minerals executive chairman Nick Curtis is being targeted by Chinese interests accused of a covert attempt to gain control of the strategically important rare earths player.

Rio Tinto has agreed to pay $US28 million ($42.7 million) to end an American regulatory probe into its Mozambique coal debacle, in a settlement that closes a dark chapter in the miner’s history.

By Wendell Roelf

By Timothy Gardner

NEW DELHI : State-run railway engineering and consulting company RITES Ltd has launched a new vertical to provide consultancy support to companies looking to enter electric, hydrogen or renewable fuel-based mobility operations. The state-run company is also exploring consulting and certification services in South-east Asia, Africa and Latin America as also rolling stock export options in neighbouring countries to boost its export revenue which had fallen to mere ₹1 crore by the end of the September quarter.