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EET Fuels (a trading name of Essar Oil (UK) Ltd), has appointed Toyo Engineering India Pvt. Ltd. (Toyo-India) (100% subsidiary of Toyo Engineering Corporation, Japan) a leading engineering, procurement, and construction company, to carry out the FEED phase — an integral part of the project management process. Toyo-India will oversee design completion, project de-risking, detailed costing analysis, and other vital work. Completion of FEED will enable the Company to make the final investment decision (FID) on the ICC project. Upon completion (expected in 2028), the ICC project will capture carbon dioxide emitted from Stanlow refinery’s full-residue fluid catalytic cracking (FCC) unit — one of Europe’s largest units. Leveraging Stanlow’s unique location, the captured carbon dioxide will use a repurposed existing gas transportation network and be permanently sequestered into depleted gas fields in Liverpool Bay, as part of the HyNet industrial decarbonisation cluster in the North West of England.

ministry of labour and employment has written to all state governments urging them to include migrant workers, building workers, beedi workers, cine workers, non-coal mine workers, contract labourers, and other unorganised workers under Pradhan Mantri Awas Yojana (PMAY). This comes after the union cabinet recently approved the extension of the PMAY for an additional five years, from FY 2024-25 to 2028-29, with the aim of providing two crore additional houses to eligible beneficiaries, the ministry said in a statement issued on Tuesday. According to the statement, the ministry is of the view that these workers represent a disadvantaged section of society and ensuring their coverage under PMAY is not only a matter of social justice but also a necessary step towards improving their living conditions.

Stocks that were in focus include names like NBCC, which rose 0.42%, Adani Ports, which jumped 0.85%, and Varun Beverages, whose shares gained nearly 1.86% on Monday.

MNCs, including Microsoft India, Sumitomo Corporation India and AT Kearney India, the Delhi High Court on Monday quashed the final tax assessment orders that were passed against them without there being any draft assessment orders as mandated under Section 144C of the Income Tax Act 1961. It further said that the final assessment orders if framed after the prescribed time under Section 153 of the Act had expired are liable to be quashed on that ground additionally. Failure to frame a draft assessment order by the assessing officer would “clearly be violative of the mandatory prescriptions of Section 144C and the final order of assessment framed in violation thereof is liable to be viewed as a nullity,” a Division Bench comprising justices Yashwant Varma and Ravinder Dudeja said.

Higgins is of the opinion that the recession in the US can be long-drawn and the effects of the same can be pretty severe and sharp. The Americans have big records of debt and unemployment, that can prove to be a contributing factor, leading to the recession, feels Higgins.

Franklin Templeton Mutual Fund has announced the launch of Franklin India Medium to Long Duration Fund, an open-ended medium-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 and 7 years with relatively high interest rate risk and relatively moderate credit risk. The new fund offer or NFO will open for subscription on September 3 and close on September 17. The scheme will reopen for continuous sale and repurchase on September 26. The scheme will be benchmarked against CRISIL Medium to Long Duration Debt A-III Index and will be managed by Chandni Gupta and Anuj Tagra.

Wipro Ltd, and Tech Mahindra Ltd have had new bosses within the last two years, whereas Parekh has been at the helm for more than six years and CVK for nearly eight. TCS, India’s largest IT services company, entrusted K. Krithivasan with the top job in June 2023 after Rajesh Gopinathan, who had steered the company for slightly more than six years since February 2017, stepped down.

imports of goods such as umbrellas, toys, certain fabrics, and musical instruments are severely hurting MSMEs as many of these products are also made by domestic businesses, according to think tank GTRI. The report said that during January to June 2024, India exported goods worth only USD 8.5 billion, while imports stood at USD 50.4 billion, resulting in a trade deficit of USD 41.9 billion. This low export and high import makes China India's largest trade deficit partner. «China accounts for 29.8 per cent of India's industrial goods imports. India must invest in deep manufacturing to cut dependence on import of critical industrial products from China,» Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said.

US housing market is currently in a complete fix, and an unsustainable bubble around it could make things crash as severely as it did last time in the year 2006, which is considered as one of the worst years for the US' housing scenario.

Each entry is thoroughly evaluated, showcasing key features such as superior displays, powerful processors, and advanced camera systems, along with a balanced view of their pros and cons. Whether you are looking for fast charging capabilities, immersive screens, or advanced AI features, this detailed analysis provides all the information you need to make an informed choice and find the perfect phone for your needs and budget.

KB Advisory Group founder Kristin Bentz analyzes the disconnect between Main Street and Wall Street on 'Making Money.'

Usha's range of air coolers includes models with different cooling capacities, catering to various room sizes and cooling needs. Whether you're looking for a compact cooler for a small room or a high-capacity unit for larger areas, Usha has a solution that fits. With easy-to-use controls, durable construction, and energy-efficient operation, Usha air coolers offer a perfect balance of performance and convenience, making them a popular choice among consumers.

The Immutable price has dropped by 2% in the past 24 hours, falling to $1.45 as the crypto market suffers a comparable 1.5% loss today.

Financial services professionals who act as fiduciaries for Independent Retirement Accounts could face extra scrutiny if new recommendations are implemented.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The government has approved a new pension scheme, which promises government employees 50% of their last salary as a retiral payout, and other benefits. Meanwhile, India's economic growth may have slowed in April-June, according to a Mint poll.

Canadians filling up their tanks ahead of the long weekend can expect to see reduced gas prices — a trend that has continued for much of the summer, experts say.

Rio de Janeiro police carried out 16 search warrants targeting the claw machines that elicit exhilaration among children and adults alike across the city

FedEx Cup finale with a two-shot lead, the top player would get to choose where to play the Tour Championship. The only caveat is it couldn't be the player's home course. «It used to be East Lake,» Xander Schauffele said when asked for his choice. He probably was more honest than sarcastic. Schauffele has failed to break par only three times in 28 rounds at East Lake. And those three rounds were all at even-par 70. But now East Lake has been changed dramatically, and Schauffele has reason to be leery.

telecom regulator is considering if differential punitive tariffs for spam callers from personal numbers could help check spam calling and messaging. According to an analysis, there were nearly 14 lakh SIMs making between 50-1000 calls per day during the January-March 2024 period, the Telecom Regulatory Authority of India (Trai) said in a consultation paper released Wednesday. Four SIMs were making more than 1000 calls per day. These are likely to be spam callers who disregard Trai’s norms defined for commercial calling. Similarly, there were 4 lakh SIMs found to be sending more than 50 SMSs per day. Though telecom companies have blocked 59,000 such numbers in calendar years 2022-23 cumulatively, spammers continue to purchase new SIM cards, Trai data showed. As bundled mobile packs allow unlimited voice calling and 100 per day, unregistered telemarketers (UTMs) may be pushing “large numbers of promotional voice calls to consumers using multiple connections,” TRAI said.

In the ever-evolving world of forex trading, automation continues to play a significant role. Avenix Fzco, a Dubai-based financial technology firm, has recently introduced Botogon, its newest forex robot designed for the MetaTrader 4 (MT4) platform. This Expert Advisor (EA) aims to assist traders in navigating the complexities of the foreign exchange market, with a particular focus on the XAUUSD pair.