BLOCK Financial News

By Allison Lampert and Rajesh Kumar Singh

India's annual capital spending on developing oilfields will fall from next year, shrinking by about a fifth by 2030 in the absence of major discoveries, which will lead to a drop in domestic oil production and expand dependence on imports, according to the International Energy Agency (IEA). Capital expenditure on developing oil projects is estimated to drop below $3.5 billion in 2030 from around $4.3 billion in 2024. The estimates are based on the current pipeline of upstream projects, said Toril Bosoni, the head of oil markets at IEA. «It's possible that there will be finds, and new project developments will come online, but most of the time, the lag between discovery and production is beyond this time frame,» said Bosoni, referring to the IEA study which factors in capacity till 2030.

Pakistan's imprisoned former Prime Minister Imran Khan and members of other political parties blocked key highways and started a daylong strike in the volatile southwest Monday to protest alleged rigging of last week's elections. Candidates backed by Khan won more seats than the political parties who ousted him from power nearly two years ago, according to the final tally published Sunday. However, no party won a majority, so the parties will have to hold talks on forming a coalition government. While election winners were celebrating victory, PTI and other parties refused to accept their defeat in dozens of constituencies. Dozens of Khan's supporters were briefly detained in the eastern city of Lahore over the weekend while protesting alleged vote-rigging.

Farmers' 'Delhi Chalo' march: Section 144 imposed, barricades and barb wires put up and traffic advisories issued — Delhi and Haryana authorities have stepped up their preparation to deal with the farmers 'Delhi Chalo' protest scheduled to take place on Tuesday, February 13. Thousands of farmers plan to march towards the national capital during their 'Delhi Chalo' protest on February 13.

On Friday, the S&P 500 and Nasdaq 100 reached new all-time highs, with the S&P 500 hitting 5000 points and heading for a fifth consecutive week of gains, doubling since its pandemic low in March 2020.

Mint explains: Beginning January, farmers from several member-nations of the European Union (EU)—Belgium, Bulgaria, France, Germany, Hungary, Italy, Poland and Spain—invaded cities with their tractors, burning tyres, dumping manure, raiding supermarkets, blocking access to ports and highways and choking city centres. They are protesting subsidy cuts, high energy prices, cheap grain imports from Ukraine, beef imports from Latin America, growing clout of big agribusiness and climate policies limiting the use of chemical inputs. It is a profitability crisis—due to higher farming costs and low produce prices.

PTI report. “Blockades were erected at many places in West Tripura district.

TikTok like other social media platforms has option for users to recover their accounts. So, even if TikTok users have locked their accounts, these can be recovered. TikTok generally makes accounts inaccessible to users for a number of reasons. These could be due to forgotten password or account is blocked. Nonetheless, the process of recovering your TikTok account is straightforward and can be completed through a few simple steps, as per a report in dexerto.

In the coming months, Bitcoin is set to undergo a significant event known as “halving,” which will reduce the reward for Bitcoin miners who successfully complete a block.

South Korea plans to conduct virtual asset exchange inspections to expel ineligible platforms later this year.

An Australian court has dismissed allegations relating to Block Earner’s DeFi “Access” service in a legal case brought by the Australian Securities and Investments Commission (ASIC).

Punjab Chief Minister Bhagwant Mann on Sunday accused the Haryana government of creating a border «between Punjab and India», referring to the concrete blocks, nails and barbed wire placed on some roads to scuttle the farmers' proposed 'Delhi Chalo' march. He said the Manohar Khattar-led Haryana government has placed as much barbed wire at the state's borders with Punjab as there is at the country's border with Pakistan. Khattar, however, justified the steps taken by his government to seal the state's borders and stop Punjab farmers from marching towards the national capital, saying the arrangements are aimed at maintaining law and order. Haryana authorities have sealed the state's border with Punjab at Shambhu near Ambala district, placing concrete blocks, sandbags, barbed wire and anti-riot vehicles on the roads going towards Delhi. Elaborate arrangements have been made at the state's borders with Punjab in Jind and Fatehabad districts as well.

Mint. "We always keep looking out for possibilities world over and if there are assets, especially if there are producing assets available or near producing assets available, we will be more than interested to have our stakes in those assets. Several discussions are also going on," he said.

Spam messages have long been a concern for WhatsApp users, inundating them with anything from promotional offers to fraudulent schemes. With this latest feature, users can take swift action against such messages right from their lock screens, enhancing their privacy and security.

Section 144 prohibits mass meetings, and in response to the farmers' 'Delhi Chalo March' on February 13, prohibitive orders were placed in the national capital's northeast region on Sunday, according to an official. On Tuesday, thousands of farmers from Punjab, Haryana, and Uttar Pradesh are anticipated to march in support of the Delhi Chalo March, which is being organized by about 200 farmer unions, in the direction of the nation's capital. Section 144 of the CrPC (prohibitory orders) has been enforced. We have learned that certain farmer organizations have called on their followers to rally or march to Delhi on February 13th in favor of their demands for an MSP bill. Joy Tirkey, the deputy commissioner of police for the northeast, has issued an order saying that no one will be permitted to violate the state of law and order.

Delhi Police is on high alert ahead of the farmers' march to the national capital. According to NDTV, the Delhi Police is making every attempt to avoid the unfortunate 26 January 2021 incident wherein protesting farmers clashed with Delhi Police and one particular wing of the tractor rally, led by Deep Sidhu, moved to Red Fort causing chaos in the national capital. The farmers who are planning a protest march to Delhi on 13 February, have several demands, including a law to guarantee Minimum Support Price and pension benefits.

Manohar Lal Khattar-led Haryana government has prepared cement barricades, iron nails, suspension of internet, suspension of bulk SMS services, and heavy police deployment to block the farmers. In what seems like a possible repeat of the 2020 Farmers' Protest against implementation of minimum support price (MSP), farmers are planning to march to Delhi on Tuesday to press the Centre to accept their various demands. Farmer leader Sarwan Singh Pandher on Saturday said the Centre has invited them for a meeting to discuss their demands on February 12.

sell assets, including Great Learning, has stalled amid mounting financial challenges stemming from term loan B (TLB) investor demands and discord with stakeholders, said potential buyers who have been approached. They are waiting in expectation of a lowering of the purchase price, they told ET. Unlike Epic — which is also on the block — the sale of Great Learning is being overseen directly by its founder Mohan Lakhamraju, along with the TLB investors. Byju’s is seeking around $600 million from sale of the higher education asset but is yet to find a buyer with a binding term sheet.

BSE. This security deposit amount is refundable or forfeitable in the manner specified by the board. The requirement of 1% security deposit was put in place by the regulator for public/rights issues so that an issuer expeditiously redresses investor complaints pertaining to refund of application money and allotment of securities, etc.

Amit Shah on Saturday said it is very unfortunate that there is a debate on the caste of Prime Minister Narendra Modi and alleged that Congress leader Rahul Gandhi has a habit of telling lies publicly and repeating those thereafter. Shah also said it was a Congress government in Gujarat that included Modi's caste in the list of Other Backward Classes (OBC) in 1994 and the Centre included the prime minister's caste in its OBC list in 2000. «Modi's caste was listed in Gujarat as OBC on July 25, 1994. At that time, the chief minister of Gujarat was Chhabildas Mehta and the party in power was the Congress. Till that time, Modi had not contested a single election. He used to work for the organisation only. The question of his caste did not come at all. »Subsequently, the Gujarat government recommended for the inclusion of his caste in the central OBC list. It was finally included in the central OBC list in 2000. At that time also, Modi was not in a position of power — not an MP, not an MLA nor even a sarpanch. He became the chief minister in 2001. These people have a habit of distorting facts," Shah said at the ET NOW Global Business Summit 2024 here.

Indian-origin executive died in the US, days after he was assaulted during an altercation outside a restaurant in downtown Washington. According to investigators, officers responded to the 1100 block of 15th Street Northwest outside Shoto Restaurant around 2 am for an assault on February 2. Once officers arrived, they found Vivek Taneja on the pavement. He was taken to the hospital with life-threatening injuries. A preliminary investigation found that Taneja and an unknown man were involved in a verbal argument that turned physical, WUSA, a television station in Washington, DC, affiliated with CBS, said. Taneja was knocked to the ground and hit his head on the pavement. He died from his injuries at the hospital on Wednesday. Police are now investigating Taneja's death as a homicide.