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EU will roll out the Carbon Border Adjustment Mechanism (CBAM), a price adjustment system that will be applied to certain imports based on their carbon footprint. Currently, the system will apply to iron and steel, cement, aluminium, fertiliser and electricity. It will impact Indian exports, particularly steel. CBAM will be a reporting exercise till January 2026.

BJP MP Ramesh Bidhuri, under flak for using derogatory words against BSP MP Danish Ali in Lok Sabha, met the ruling party president JP Nadda on Monday. Bidhuri met Nadda at the BJP headquarters, days after he was issued a show-cause notice by the party for his remarks. There was no official word on what transpired in the meeting.

By Lucia Mutikani

The federal government is heading toward a shutdown at month's end that will disrupt many services, squeeze workers and roil politics

This fall, the United Nations is to convene an advisory group on artificial intelligence

The SEC marketing rule, which runs for 430 pages, can be complicated. But the agency’s exam sweep on compliance with the rule is straightforward. 

₹1.30 Crore (Rupees One Crore and Thirty Lakh only) on State Bank of India (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’ and ‘Guidelines on Management of Intra-Group Transactions and Exposures’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949.

Bhartiya Janata Party (BJP) leader and Prime Minister Narendra Modi reached poll bound Rajasthan on Monday. PM Modi was welcomed by the BJP Mahila Morcha cadre at the venue of a BJP rally, days after Parliament passed the women's reservation bill. PM Modi reached the meeting venue in Dadiya village in Vatika on the outskirts of Jaipur from a nearby helipad in an open-top vehicle escorted by activists of the BJP's women wing who raised slogans in his support.

Pomerdoge(POMD): A Promising Presale Gem Compared to either Polygon or Arbitrum, Pomerddoge is a newcomer but appears to have more growth potential. As a promising gem in the presale space, it has immense room for growth, which is one of its key appeals. Consequently, experts predict a 50x rally post-launch from its current price of $0.0165 in light of its robust ecosystem and utility.

High Court on Monday issued fresh notice to the British Broadcasting Corporation (BBC) on a plea by an NGO seeking damages, claiming its documentary «India: The Modi Question» casts a slur on the country's reputation and makes false and defamatory imputations against Prime Minister Narendra Modi and the Indian judiciary. Besides BBC, Justice Sachin Datta also issued fresh notice to BBC (India) on the plea filed by Gujarat-based NGO Justice On Trial. «Issue fresh notice to the defendants through all permissible modes,» the high court said, and listed the matter for further hearing on December 15. It had on May 22 issued notice to the defendants on the plea which has said BBC (UK) is the national broadcaster of the United Kingdom and has released the news documentary — «India: The Modi Question» — which has two episodes and BBC (India) is its local operations office.

After the first weekly loss in four, oil bulls will be raring to push crude oil towards the higher $90s, while top buyer China again faces its recurring bogeyman — an ailing property sector — that’s weighing on its stock market.

Gazprom and Rosneft, Alexei Miller and Igor Sechin, will join President Vladimir Putin's retinue during his visit to China next month, sources familiar with the plans told Reuters. Putin is scheduled to meet China's President Xi Jinping for talks in Beijing and will attend the third Belt and Road Forum following an invitation from Xi during a high-profile visit to Moscow in March. The sources said other senior Russian energy officials would also be in the delegation. Sechin will hold his own energy event following Putin's visit, a source said, without providing details. Gazprom, the world's biggest natural gas producer, and Rosneft, Russia's biggest oil producer, did not immediately reply to requests for comments. Russia is bolstering its ties with Asia, especially economic powerhouse China, to offset reduced trade with Europe, its traditional buyer of oil and gas, over Moscow's actions in Ukraine. Chinese-Russian trade has soared since what Moscow calls a «special military operation» in Ukraine began in February 2022.

Strides Pharma Science's Singapore-based wholly-owned step-down subsidiary Strides Softgels Pte on Monday announced that it will acquire its CDMO business and Soft Gelatin business from its other wholly-owned subsidiary Strides Pharma Global Pte (SPG). The announcement was made by the company ahead of the market closing. The stock settled at Rs 536 on the NSE, up Rs 37, or 7% over Friday's closing price.

Consumer stocks, one of the brightest corners of the market this year, are about to lose their shine as risks build for the sector, according to Morgan Stanley’s Michael Wilson.

While the Russell 2000 has recovered from breaks of its 200-week MA before, every such test (and break) of the moving average increases the chance of a flip from a level of support to resistance.

Star Entertainment, the embattled operator of casinos in Sydney, Brisbane and the Gold Coast, is raising $750 million at a significant discount but says it will not proceed with the sale of any of its assets.

India's limited participation in global value chains (GVCs) hampers its export potential, despite possessing substantial manufacturing capabilities across various GVC-relevant product categories. The integration of Indian companies in the GVCs is fundamental as about 70 per cent of global trade operates within these chains, encompassing a wide range of products, from electronics and machinery to pharmaceuticals and apparel. «India's weak GVC integration can be attributed to poor trade infrastructure, causing delays at ports and customs, which are detrimental to the timely flow of goods in these intricate value chains,» GTRi Co-Founder Ajay Srivastava said. Countries like China, Japan, South Korea, Thailand, and Malaysia have excelled in GVCs due to investments in quality trade infrastructure. The GTRI report has recommended six action points to the government which can help boost the participation of domestic firms in GVCs. The suggestions include automating port and customs procedures, and implementation of green channel clearances for 99 per cent of shipments; analysing the top 10,000 exporters responsible for 85 per cent of India's exports; matching global best practices for ship turnaround times, reducing queues, speeding up transactions, and optimizing infrastructure use; and enhance communication between traders and shipping companies, port operators, and Container Freight Stations (CFS). The report asked for creation of an online platform for all export-import compliance processes. «National Trade Network (NTN) would enable exporters to submit all required information and documents in one place, eliminating the need to interact separately with customs, DGFT (directorate general of foreign trade), shipping

Chinese regulators have taken a novel approach to prop up the country’s faltering stock market by banning many companies’ biggest shareholders from selling. The country’s $11 trillion domestic stock market has slumped this year after a post-Covid rally, hurt by a weak economy, an outflow of foreign money and a rising sense of nervousness among small investors. The CSI 300 index of the country’s largest listed companies is down 4.1% in the year-to-date period, following losses in the previous two calendar years.

land worth Rs 125.06 crore belonging to Unitech Infopark Limited in connection with its probe into money laundering allegations arising out of complaints from home buyers of the Unitech group, officials said Monday. The ED has provisionally attached 39.83 per cent share of 4.79 acres of land that forms part of the Uniworld City township at Nallambakkam in Chennai. «The value of the land attached is Rs 125.06 crore.

Sen. Mike Braun, R-In., provides insight on growing fears over the technology on The Evening Edit.

Maharashtra Deputy Chief Minister Ajit Pawar took a firm stand in the NCP (Nationalist Congress Party) name and symbol war on Monday. After attending various pandals of Lord Ganesh in Pune he pledged to accept the «final» decision of the Election Commission of India regarding the NCP's name and poll symbol. «However, it is the Elections Commission (EC) which makes a final decision.