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Subscribe to enjoy similar stories. The CoP-29 climate summit at Baku closed with a measly deal that has deeply disappointed the developing world and civil society in developed countries. So much so that the spokesperson for the Indian delegation to the annual series of UN-mandated climate talks called the final agreement an “optical illusion." India’s voice matters at such forums our delegates make sure it is heard loud and clear.

Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and Iran, raising risks of supply disruption. Brent crude futures climbed 13 cents, or 0.2%, to $75.30 a barrel by 0115 GMT, while U.S. West Texas Intermediate crude futures were at $71.38 a barrel, up 14 cents, or 0.2%.

Subscribe to enjoy similar stories. Last week was an ordinary one made extraordinary by new readings of power tilts both at home and globally.

Subscribe to enjoy similar stories. Federal and state governments have been trying to persuade Americans to buy battery-electric vehicles using mandates and taxpayer-financed incentives. These policies aren’t working, and the sale of EVs has stalled.

Subscribe to enjoy similar stories. Bengaluru: The chief executive of a two-year-old zero-revenue green energy company that recently scored a ₹10,000 crore ($1.2 billion) investment commitment from REC Ltd is among those indicted in the $250 million Adani bribery case. New Delhi-based Ocior Energy’s co-founder and CEO Ranjit Gupta was the chief executive of Azure Power Global Ltd, the company in the thick of the bribery charges by US prosecutors, between 2019 and 2022.

Subscribe to enjoy similar stories. Mergers and acquisitions (M&As) are likely to get a boost in 2025 on the back of increased political clarity after a year of key national elections globally and a cooling initial public offering (IPO) market, top executives at Investec Bank Plc said in an interview with the Mint. “2024 was clearly a year of significant uncertainty.

Subscribe to enjoy similar stories. Mumbai: Stock market engines that roared back on Friday may gather more steam this week, after the Bharatiya Janata Party-led alliance scored a runaway victory in the Maharashtra assembly elections. However, market participants warned that a short covering-led rally could prompt investors singed by the recent correction to cut losses, potentially limiting the life of the rebound.

Subscribe to enjoy similar stories. Mumbai: Two days before a US court indicted senior officials of Adani Green Energy for allegedly bribing Indian state government officials to secure lucrative power contracts, bulls on two of the group companies' derivatives counters slashed their long positions, saving them from massive losses that hit the group shares after the news broke. A report of the allegations, dismissed as "baseless" by the Adani Group, surfaced early on Thursday morning, leaving investors with a ₹2.24-trillion hole in their pockets at the end of the day.

Adani Group's construction of a major deepwater container terminal in Colombo with US financial support could be in focus after the recent indictment of the group but is being favoured by the advisers of the ruling dispensation in Sri Lanka to boost investor confidence. Leaders of Sri Lanka's ruling party had prior to the recent election spoken about «cancelling the project» but post polls, the government said it needs more time to evaluate the project. On his part, President Anura Kumara Dissanayake has shown interest in continuing with all projects reached between New Delhi and Colombo by his predecessors as he banks on India's support to boost the economy.

Donald Trump hailed what would become Project 2025 as a road map for «exactly what our movement will do» with another crack at the White House. As the blueprint for a hard-right turn in America became a liability during the 2024 campaign, Trump pulled an about-face. He denied knowing anything about the «ridiculous and abysmal» plans written in part by his first-term aides and allies, AP reported. Now, after being elected the 47th president on November 5, Trump is stocking his second administration with key players in the detailed effort he temporarily shunned. Most notably, Trump has tapped Russell Vought for an encore as director of the Office of Management and Budget; Tom Homan, his former immigration chief, as «border czar;» and immigration hardliner Stephen Miller as deputy chief of policy.

financial services and investment management firm State Street Corporation has picked up an entire commercial office tower near Mumbai's business district Bandra-Kurla Complex (BKC) from Brookfield Properties through a long-term lease of around 10 years, said people with direct knowledge of the development. The company will be paying a total rental of more than Rs 350 crore for the office spread over around 250,000 sq ft through the entire lease tenure. The Boston-based company has leased the office space spread across the ground plus six-storey tower, which is part of a 10-acre commercial complex Equinox Business Park, to set up its global capability center (GCC) serving clients globally.

Gautam Adani paid and offered bribes to Indian government officials for securing solar power projects has now reached the Supreme Court. A fresh plea was filed late Saturday night informing the apex court to take on record the allegations of bribery and corruption raised by US prosecutors and the US SEC against the Adani group. The application has been filed in a batch of pending petitions in the Adani-Hindenburg row over allegations of stock price manipulation by the Indian corporate giant. Lawyer Vishal Tiwari, who was also one of the petitioners in the Adani-Hindenburg case, in his fresh application said the indictment order was relevant to the pending case and these documents «unveil serious malpractices carried out by the conglomerate» and these should be thoroughly investigated by the Indian authorities in the «interest of the nation.»

The trillion-dollar question these days is where the huge sums of money needed to address climate change are going to come from, especially for developing countries.

While a majority of travelers should reach their destinations with minimal issues, getting home may prove more challenging, particularly for those heading east. With nearly 80 million people expected to travel 50 miles or more, peak travel days are anticipated to fall on the Tuesday and Wednesday before Thanksgiving, as well as the Sunday after the holiday.

Cryptocurrencies are on a roll in anticipation of Donald Trump easing up on their regulation. The US has been the most proactive in law enforcement against fraud and money laundering engineered through cryptos. This, despite a regulatory framework that doesn't push hard to separate transaction and speculative elements of digital currency.

The benchmark S&P 500 rose 1.7% in the past week and approached all-time highs as investors digested the end of a solid third-quarter corporate reporting season. Earnings are on pace to have climbed about 9% from a year earlier, Reuters reported. But recent earnings from two high-profile retailers yielded sharply different prospects: Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, while Target shares tumbled after it forecast holiday-quarter comparable sales and profit below estimates on Wednesday.

Iran will hold talks about its disputed nuclear programme with three European powers on November 29, the Iranian foreign ministry said on Sunday, days after the U.N. atomic watchdog passed a resolution against Tehran, as per a report. Iran reacted to the resolution — proposed by Britain, France, Germany and the United States — with what government officials called various measures such as activating numerous new and advanced centrifuges, machines that enrich uranium, Reuters reported. Japan's Kyodo news agency, which first reported that the meeting would take place on Friday in Geneva, said Iranian President Masoud Pezeshkian's government was seeking a solution to the nuclear impasse ahead of the inauguration in January of U.S. President-elect Donald Trump.

Israeli strikes have killed over 40 Lebanese troops since the start of the war between Israel and Hezbollah, even as Lebanon's military has largely kept to the sidelines. Lebanon's caretaker prime minister, Najib Mikati, condemned the latest strike as an assault on US-led cease-fire efforts, calling it a «direct, bloody message rejecting all efforts and ongoing contacts» to end the war.

Subscribe to enjoy similar stories. New Delhi: US President-elect Donald Trump’s pre-election threat of stepping up import tariffs could translate into an opportunity for India to capture a larger share of the US market in the medium term as it could accelerate the re-orientation of global supply chains away from China, federal policy think tank NITI Aayog member Arvind Virmani said in an interview. Trump had proposed during his campaign an additional 10% import tariff on all goods imported into the US and a 60% tariff on goods from China.

bribery allegations against the conglomerate’s billionaire founder and other top executives. The US International Development Finance Corp. hasn’t reached a final agreement on the loan, an official said in an emailed response to questions. “We continue to conduct due diligence to ensure that all aspects of the project meet our rigorous standards before any loan disbursements are made,” the official said. “The project has not reached financial close or signed a loan agreement.”

Kanwal Sibal argued on Sunday that these allegations represented an extraterritorial application of US laws. In a post on X, Sibal argued that simply because some money was raised in the US by a company and that company allegedly paid bribes in India, it cannot be argued that the principal cause of action lies in the US. «Have US investors lost financially or morally?» Sibal questioned.