BLOCK Financial News

By Iryna Nazarchuk

By Daniel Trotta

coal production from captive and commercial mines has increased 27.06 per cent year-on-year to 126.8 million tonnes (MT) in the April-February this fiscal. The coal dispatch from the captive and commercial mines in the first eleven months of the current financial year also rose 29.14 per cent to 128.88 MT over the corresponding period of previous fiscal, the coal ministry said in a statement. The total coal production and dispatch in February was 14.85 MT and 12.95 MT, registering an increase of 37 per cent and 33 per cent, respectively. In the year-ago period, The total coal production and dispatch stood at 10.85 MT and 9.72 MT, respectively. As of February 29, 2024, the total number of producing mines was 54, with 35 allocated to the power sector, 11 allocated to the non-regulated sector, and 8 for the sale of coal.

PTI citing officials, the 270-km highway, the only all-weather road linking Kashmir with the rest of the country, was blocked at over half a dozen places between Nashri and Banihal. “The National Highways Authority of India (NHAI) have mobilised men and machines to clear the highway for one-way traffic," officials said.

China said the United Nations Security Council (UNSC) reforms “should benefit all member states rather than serving the selfish interests of a few”, comments that come days after external affairs minister S Jaishankar said “one non-Western country” was blocking UNSC reforms. Chinese foreign ministry spokesperson Mao Ning on Thursday said member states need to seek the broadest possible consensus for a package solution through serious and thorough consultations when it comes to UNSC reforms.

carbon emissions — originating from design, production and deployment of cement, steel and aluminium — have lagged. UNEP pinpoints three strategies to decarbonise building materials: one, avoid unnecessary extraction and production; two, shift to regenerative materials; and three, improve decarbonisation of conventional materials. Sugarcrete is one such regenerative material.

Hindustan Times report. The district has maintained its top ranking after continuously following guidelines set by the district magistrate and chief development officer, said Chief Medical Officer (CMO) Dr Sandeep Chaudhary, according to an HT report.

The central African nation of Congo is looking to expand oil and gas drilling by auctioning off 30 sites around the country

The central African nation of Congo is known for its mineral riches

Marrfa, an innovative platform aimed at changing the cross-border real estate investment landscape, said it has successfully closed its pre-seed funding round of an undisclosed amount. This round is led by Foundamental, a global VC firm based in Berlin, Germany, and also sees significant investment from Prashant Malik, General Partner at Tykhe Block Ventures, in his individual capacity. Founded by serial entrepreneur Jamil Ahmed, Marrfa is set to democratise access to high-yield real estate investment opportunities worldwide, specifically targeting the challenges within the $270 billion unstructured cross-border real estate market. Ahmed, credited with co-founding Fashinza and scaling it to a $300 million valuation across four continents within three years, is utilising his vast experience in cross-border investments and trade flow to innovate within the traditional real estate industry. Marrfa introduces a seamless platform for identifying lucrative real estate investment opportunities, enabling comprehensive information access with a single click.

market capitalization amongst all crypto assets, Bitcoin plays a crucial role in shaping overall market dynamics, influencing investor behavior, and impacting price movements of the broader crypto universe. Understanding these correlations is essential for new investors looking to navigate the complexities of the crypto market effectively. However, particularly for Bitcoin, there are a couple of additional forces at play, both from its inherent supply dynamics, and an ongoing surge in demand from mainstream institutions via the newly launched spot Bitcoin ETFs. So for anyone interested in crypto investing, remember that there’s Bitcoin and then the rest of crypto. The “digital gold” narrative for Bitcoin has never been stronger and the upcoming “halving” will further cement that position in investor portfolios.

Suven Pharmaceuticals: Global private equity firm Advent International has merged two of its pharmaceutical portfolio firms, Cohance Lifesciences and Suven Pharmaceuticals, according to a joint announcement. The merged entity will have three distinct business units – Pharma CDMO, Spec Chem CDMO, and API+ (inclusive of formulations), the release said. For every 11 shares of Suven, 295 shares of Cohance will be allotted, as per the terms of the merger.

By Tom Hals

By Emma Farge

By David Morgan and Richard Cowan

By Daniel Wiessner

NLC India, apart from Ola Electric, Jindal Power and Dalmia Group, are among bidders for 20 blocks in the first tranche of auction for critical mineral blocks in the country. The Union mines ministry on Thursday said it has received more than 50 bids for the 20 critical and strategic mineral blocks in the first tranche, which was launched on 29 November. These blocks consisted of minerals like lithium, glauconite, nickel, PGE, potash, graphite, molybdenum, phosphorite and rare earth elements (REE).

13th ministerial conference (MC13) of the World Trade Organization (WTO) got extended and entered into the fifth day as the 166-members couldn’t reach a consensus on key issues of agriculture, fisheries subsidies, ending the moratorium on imposing customs duties on e-commerce transmissions and dispute resolution reform. Moreover, talks on elements on trade inclusiveness, women’s participation in trade, industrial policy and environment, in the draft Abu Dhabi package also remained unresolved. “Members are indicating that additional time will be needed to iron out some of the outstanding issues,” said an official, adding that, for this reason, the informal meeting of heads of delegation and the formal closing session were postponed to Friday.

PM Kisan beneficiaries through DBT to the recipient's bank account. How to check your name in the beneficiary list in PM KISAN Step 1: Visit PM Kisan official website — https://pmkisan.gov.in/ Step 2: Click on the 'Beneficiary list' tab in the right corner of the page

ANI reported. The accident occurred on Wednesday night at the Badjhar ghat. The accident occurred when the victims were returning to Amhai Devri from Masurghugri village in the district's Shahpura block after attending a programme, said Sub Divisional Officer of Police Mukesh Avindra as reported by PTI.

WTO) is the «top-most» priority. The appellate body of the system had been non-functional since December 2019 due to the blocking of the appointment of its members or judges by the US and this had called into question the WTO's overall credibility and the rules-based trade order it upholds. This was flagged by India during the working session on Dispute Settlement (DS) Reforms, at the World Trade Organization's (WTO) 13th Ministerial Conference here. Commerce and Industry Minister Piyush Goyal along with a high-level official team is attending the four-day conference which started on February 26.