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Vladimir Putin will travel to the United Arab Emirates and Saudi Arabia, according to people familiar with the plans, a rare trip abroad for the leader since his invasion of Ukraine. Putin plans to visit Abu Dhabi, UAE, this week, according to one person, who asked not to be identified due to the sensitivity of the topic. He also intends to travel to Saudi Arabia, according to another person.

Reserve Bank of India (RBI), Monday cancelled the licence of Kolhapur-based Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Ichalkaranji and asked the bank not to carry on any banking business, with effect from the close of business on December 4, 2023. “Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Ichalkaranji, Kolhapur is prohibited from conducting the business of ‘banking’ which includes, among other things, acceptance of deposits and repayment of deposits as defined in Section 5(b) read with Section 56 of the Banking Regulation Act, 1949 with immediate effect, the Reserve Bank said.

Sam Altman, who was formerly employed as the Chief Executive Officer of OpenAI, the artificial intelligence research lab that is well-known for its achievements in AI technology, including the invention of ChatGPT, has been rehired. This is a surprising outcome. In light of the fact that Altman was ousted from his position only a few days prior to the announcement of this decision on November 22, it demonstrates the dynamic nature of leadership within the quickly developing artificial intelligence business.

Reserve Bank of India (RBI) has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. These co-operative banks are: Jijamata Mahila Sahakari Bank Ltd, Shri Laxmikrupa Urban Co-operative Bank Ltd, The Konark Urban Cooperative Bank Ltd and The Chembur Nagarik Sahakari Bank Ltd.

By Patrick Werr

NCLAT) to 20 (including the chairman) from the currently-sanctioned 12, a person aware of details told ET. The idea is to expedite the disposal of appeals against adjudicating authorities in cases ranging from insolvency, mergers and acquisitions to antitrust matters at a time when the economy is expanding at a fast pace, highlighting the indispensability of a much robust dispute resolution system, he said. The proposal comes on top of another plan to bolster the number of members at the National Company Law Tribunal (NCLT) to 163 (including its president) from the sanctioned 63, aimed at faster clearances of such cases, he added. “A final decision on these proposals will be taken by the Cabinet. A Cabinet note for this purpose has been floated by the ministry of corporate affairs (MCA),” said the person quoted above. At present, apart from chairman Ashok Bhushan, the NCLAT has two judicial members and six technical ones, according to its website.

Anand Mahindra tweeted. The Indian Navy celebrates Navy Day on December 4 to commemorate "Operation Trident," the Navy's audacious attack on Karachi harbour during the 1971 War.

EAM) S Jaishankar on Monday met US Principal Deputy National Security Advisor (NSA) Jon Finer, the two exchanged views on the global situation. «Good to meet Principal Deputy NSA of the US Jon Finer this afternoon. Useful exchange of views on the global situation.

A teenage girl and her parents are suing American Airlines, saying that a flight attendant secretly filmed her using an airplane toilet

The United States is now committed to the idea of phasing out coal power plants, joining 56 other nations in kicking the coal habit

I am likely to get into trouble with many of my friends for saying this, but I think the world is making extraordinary progress towards addressing climate change. It might not be fast enough to achieve emissions and temperature targets that follow from the IPCC’s studies, but in the past 15 years, we have seen first a scientific consensus and then a global political consensus on the problem definition, followed by convergence on approaches and firm international agreements on targets and timelines. Climate activists remain unsatisfied, but for students of international relations, this kind of progress is unprecedented, not least at a time when the world lacks a stable order, technological change is causing social upheavals everywhere and hundreds of millions of people around the world have entered the middle class.

Winter session of Parliament, which begins on Monday, December 4. In addition to Rajnath Singh, Commerce Minister Piyush Goyal, Congress leader Jairam Ramesh, Gaurav Gogoi, and Pramod Tiwari, as well as Trinamool leader Sudip Bandyopadhyay, NCP leader Fouzia Khan, and RSP leader N K Premachandran, the meeting has been convened by Minister of Parliamentary Affairs Pralhad Joshi.

Congress leader Sonia Gandhi and AICC Chief Mallikarjun Kharge, TPCC chief Revanth Reddy on Sunday said it is the party's responsibility to fulfil Telangana people's aspirations after forming the government in the state. Speaking to mediapersons, he said the Congress's victory is dedicated to Telangana martyrs. He welcomed the BRS Working President's wishes to the Congress party on its victory, and said he expects the BRS's cooperation in giving good governance to the people.

Congress leader and former deputy chief minister Sachin Pilot won from the Tonk assembly constituency in Rajasthan on Sunday by defeating the BJP's Ajit Singh Mehta by 29,475 votes. He thanked the voters for his re-election.

OECD warned. Growth is losing momentum in many countries and won’t edge up until 2025, when real incomes recover from the inflation shock and central banks will have begun cutting borrowing costs, according to the organization. Inflation eased in Europe, Brazil and Australia in recent readings but remains too high for central bankers’ comfort. Meantime, price pressures accelerated in Japan’s service sector, as well as in Zimbabwe, where officials recently adopted a new inflation metric. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: World The Organization for Economic Cooperation and Development forecasts global gross domestic product to expand only 2.7% next year after an already weak 2.9% in 2023.

OpenAI, expressed the significance of the company's work as "extraordinarily important." He emphasized the importance of OpenAI operating as a "corporation with a conscience." According to a report from Bloomberg, Larry Summers stated on Bloomberg Television's Wall Street Week with David Westin that OpenAI has to be prepared to cooperate with key government officials on regulatory issues, on national security issues, on development of technology issues. The statements provide insight into the focus of Summers, a former US treasury secretary, in his role at the Silicon Valley startup. He officially became a member of OpenAI's board this week, following a turbulent leadership dispute that captured the attention of Silicon Valley.

United National Liberation Front (UNLF), Manipur chief minister N Biren Singh said that he is ready to work as the facilitator for any outfit desiring to enter the peace process and ground rules with UNLF will be finalised by government of India, UNLF involving state government. Biren on Saturday said, “If there is beginning there must be an end, if there is conflict there must be a solution be it politically or something.” He said that ground rules will be finalised by the government of India, UNLF involving the state government. “Weapons will be kept in lock and key will be part of ground rules.

Netflix drama, "May December," Academy Award-winning actress Julianne Moore takes on the challenging role of Gracie Atherton-Yoo, a woman entangled in a controversial love affair that echoes the infamous Mary Kay Letourneau scandal of the late 1990s. The film revolves around the life of Gracie, portrayed by Moore, who at 36 faced public scrutiny when news broke of her relationship with Joe, a 13-year-old co-worker. Despite the controversial beginning, Gracie and Joe, played by Charles Melton, built a life together, navigating parenthood and suburban existence. The tranquility of their life is disrupted when renowned actress Elizabeth Berry, portrayed by Natalie Portman, arrives to study Gracie for an upcoming film.

ED) has registered a case of money laundering concerning the alleged fraud in setting up oxygen plants in hospitals during the COVID-19 pandemic, police said on Saturday. The police's economic offences wing (EOW) had on November 24 arrested contractor Romil Chheda of M/s Highway Construction Company for allegedly causing the Brihanmumbai Municipal Corporation (BMC) a loss of Rs 6 crore, an official said.

Clearing Corp of India (CCIL), paving the decks for billions of dollars of trade in Indian sovereign bonds routed through London lenders that needed a mutually beneficial deal to commit personal funds and effectively discharge their custodian role. The MoU between the Reserve Bank of India (RBI) and the Bank of England (BoE), while acting as an actionable template for other regulatory regimes uncertain about oversight rights over CCIL, also helps establish a framework robust enough to accommodate the potential $25 billion in incremental inflows Indian sovereign bonds are likely to receive by mid-2025 after their inclusion in JPMorgan's keenly tracked global index. Relief for UK Banks in India «The MoU establishes a framework for the BoE to place reliance on RBI's regulatory and supervisory activities while safeguarding UK's financial stability,» the RBI said in a statement Friday. «The MoU also demonstrates the importance of cross-border cooperation to facilitate international clearing activities and the BoE's commitment to deference to other regulators' regimes.» ET had reported on November 28 that the RBI and UK regulators had made significant progress on a new MoU for the treatment of the CCIL and that the BoE would likely communicate a «hands-off» approach on potentially contentious issues, such as rights of audit over the Indian clearing house. Investor & Custodian The move is a relief to UK-based banks Standard Chartered, Barclays and HSBC, which are themselves large players in the domestic bond and derivatives markets and are also custodians of foreign investment flows into India.

Israel President, on the sidelines of the COP28 Summit in Dubai and emphasised on a two-state solution, dialogue and diplomacy for durable peace. “PM @narendramodi met President @Isaac_Herzog of Israel on the sidelines of #COP28 WCAS in Dubai. The two leaders exchanged views on the ongoing Israel-Hamas conflict in the region. PM expressed his condolences on the loss of lives in the October 07 terror attacks and welcomed the release of hostages,” MEA spokesperson posted on X. The PM reiterated the need for continued and safe delivery of humanitarian aid for the affected population.