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Subscribe to enjoy similar stories. The Adani Group is in advanced discussions with the Odisha government to build its first greenfield cement factory, two years after embarking on its cement odyssey with a series of acquisitions. Group company Ambuja Cements Ltd is likely to build the 4 million tonnes per annum (mtpa) unit at a cost of ₹3,000-3,500 crore, said two people aware of the matter, including a government official.

ET Intelligence Group: Consumer companies — HUL, ITC, Tata Consumer Products, Nestle India, Colgate Palmolive, Godrej Consumer Products and Varun Beverages — have announced their September quarter performance. Those such as Dabur and Marico have shared an update on their quarter performance. Others such as Zomato and Pidilite having large B2C business have also announced their latest quarter results. SUBDUED CONSUMER DEMAND DID NOT IMPACT ALL While the topline performance of companies such as Dabur, HUL and ITC was impacted by the moderation of consumer demand – especially in urban India, it was not so in case of others like Varun Beverages, Godrej Consumer Products (India business), Colgate Palmolive (India), Pidilite and Zomato.

Bank of India (RBI) is faced with is the visible clout of various money market segments at the cost of the interbank call money market, which is the official platform through which the central bank seeks to pass through its interest rate actions. The overnight money market segment, which is used by various financial sector players for immediate funding requirements, is broadly made up of the call money market, the tri-party repo (Treps) market and the market repo segment. According to the RBI's monetary policy framework, the weighted average call rate (WACR) is the operating target through which the central bank aims to «facilitate transmission of repo rate changes through the entire financial system». This implies that whenever the RBI raises or lowers the repo rate, the WACR aligns with the new benchmark policy rate and accordingly financial market instruments of various tenures that use the call rate as a basis for overnight funding costs go on to reflect the central bank's rate changes.

Missouri voters are considering whether to make the state the 40th jurisdiction to legalize sports betting

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Importance of AI Courses

Subscribe to enjoy similar stories. SpaceX catching its huge Starship booster shortly after liftoff was a major achievement. It was also a shot across the bow for competitors.

Sudha Murty has quietly built a temple in a remote village in Tamil Nadu, fulfilling her long-cherished desire. A temple has come up at Ivanallur village in Mayiladuthurai district with Lord Shiva as the presiding deity. The village, with about 2000, had a few ancient idols of Shiva, Parvathi, Ganesha, Subramanya, Nandi and others placed in a small hut. The villagers regularly offered pooja, though the site lacked a proper roof or structure. “When I was young, my grandfather used to tell me stories from the Vijayanagar empire. Scholars believed a person’s life becomes complete if he or she imparts knowledge to others, helps the needy, builds tanks and temples alike. I have the satisfaction of being part of many of these, like rejuvenation of ancient tanks and temples, but never built a temple from scratch. With the Ivanallur temple, my desire is fulfilled,” Murty, also a Rajya Sabha member, told ET.

Subscribe to enjoy similar stories. How could humanoid robots reshape the workplace? Joanna Stern, senior personal-technology columnist at The Wall Street Journal, talked about that future with Peggy Johnson, chief executive of Agility Robotics, at the recent WSJ Tech Live conference. They were joined onstage by one of the company’s Digit robots, a humanoid that demonstrated its potential to learn to perform tasks.

ICICI Bank, the country's second largest non-state lender, on Saturday posted a better-than-expected 14.5% increase in second-quarter net profit, boosted by higher core income. The Mumbai-based bank reported a net profit of ₹11,746 crore for the quarter ended September 30, compared with ₹10,261 crore a year earlier and the average estimate of ₹10,952 crore by analysts tracked by Bloomberg.

satellite spectrum administratively for 20 years at minimal charges, while telecom operators Reliance Jio, Bharti Airtel and Vodafone Idea are pushing for allocation at market-determined prices to ensure a level playing field. Satcom companies and telcos will be fighting for a share of the wireless broadband market in India, which is poised for strong growth. The firms have submitted their recommendations to the Telecom Regulatory Authority of India (Trai), which will now come out with recommendations on the pricing and other modalities concerning the spectrum. Reliance Jio and Vodafone Idea, though, have sought reissuance or a supplementary consultation paper as the current paper does not cover key issues, including the level playing field.

DLF is expecting Rs 26,000 crore in revenue from its new super-luxury project in Gurugram at the current selling price, and the sales numbers may rise further due to high demand, its MD Ashok Tyagi said on Saturday. DLF has done a pre-launch of its 17-acre super-luxury housing project The Dahlias at DLF 5, Gurugram, and has received a good response from the customers. It received RERA approval at the beginning of this month to launch this project. The company will develop around 420 ultra-luxury apartments in this project. The minimum size of an apartment is 10,300 square feet. In a conference call with market analysts, DLF MD Tyagi informed that the company expects a revenue of Rs 26,000 crore from this super luxury project.

IndiGo flight from Jaipur to Chennai on Saturday caused confusion among approximately 160 passengers when it took off again soon after landing at Chennai airport. Airport authorities explained that the incident was due to crosswinds affecting the landing. The aircraft touched down on the main runway beyond the threshold point, prompting the pilot to take immediate action. Realizing there might not be enough runway space to slow down safely, the pilot decided to take off again promptly. No passengers were harmed during the incident. Flight 6E265 from Jaipur usually arrives in Chennai at 1:05 pm. On Saturday, the flight arrived earlier, around 12:45 pm. However, due to crosswinds, the pilot was unable to land at the runway's start, and the plane touched down in the middle. The pilot then took off immediately, circled around, and landed again at 12:58 pm.

Subscribe to enjoy similar stories. Investors have been keenly awaiting ICICI Bank's September quarter results to analyse the impact of higher deposit rates on the bank's key operational parameters, including net interest margin (NIM), loan growth, and non-performing assets. They have been rather bullish on the bank going into the earnings season.

Delta Air Lines is suing the cybersecurity firm that has been blamed for causing a global technology outage this summer

Supreme Court has stayed an order of the Allahabad High Court which imposed costs of Rs 1 lakh on an advocate for wasting the court's «precious time» and arguing a case wearing a lawyer's robe and a band despite being a petitioner in-person. A bench of Justices Surya Kant and Ujjal Bhuyan issued limited notice on whether adverse remarks made by the high court against advocate Mehmood Pracha need to be expunged. «Issue notice for the limited purpose as to why the observations made by the high court against the petitioner be not expunged and why the order imposing cost be not set aside, returnable on December 9, 2024. »Meanwhile, the impugned order dated September 10, 2024, to the extent of imposition of cost shall remain stayed," the bench directed.

Palm oil prices have risen by 37% over the past month, impacting household budgets and increasing costs for restaurants, hotels, and sweet shops that use the oil for preparing snacks, TOI reported. Mustard oil, a commonly used oil in households, has seen a 29% price increase in the same period. This rise in oil prices comes as retail inflation reached a nine-month high of 5.5% in September, driven by high vegetable and food prices. This development has reduced the chances of the Reserve Bank of India cutting interest rates for now.

This article is part of Global News’ Home School series, which provides Canadians the basics they need to know about the housing market that were not taught in school.

Subscribe to enjoy similar stories. Madeleine Bialke, an American artist who moved to London last year, was shocked by this summer’s U.K. election.

Subscribe to enjoy similar stories. Boeing, a pioneer of the jet age and one of the most strategically crucial companies to American economic success, has lost its way. Getting back on track will require a daunting campaign to win back the trust of travelers, airlines, regulators, investors and its own employees.

Nirmala Sitharaman raised the issue for fairness and accuracy in sovereign ratings for emerging markets and developing economies (EMDEs) during her address at the International Monetary Fund's (IMF) 2024 Annual Meeting. Speaking in Washington, D.C., at the IMFC Plenary session on «Managing Director's Global Policy Agenda,» on Friday, Sitharaman emphasized that sovereign ratings should more accurately reflect the economic fundamentals of EMDEs, ensuring fair access to capital and improved ability to attract private investment. «There is need for sovereign ratings to adequately account for EMDEs economic fundamentals to ensure the cost of capital for them and their ability to attract private capital is factored in,» Sitharaman said.