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In recent months, some of the biggest would-be developers of the fuel have canceled projects, axed orders and scaled back investment plans. The low-carbon fuel is simply too expensive to stimulate demand in many sectors of the economy. On Thursday, Origin Energy Ltd. canceled a project to produce the clean-burning fuel in an industrial area of eastern Australia.

A European technology talent brain drain is the biggest risk factor facing Klarna as the Swedish payments company gets closer to its upcoming initial public offering, according to CEO Sebastian Siemiatkowski.

deposit growth in the banking system has narrowed by more than half a percentage point toward the end of September, mirroring the impact of the regulatory nudge to boost deposits and de-risk the broader financial system where demand for loans remains undiminished. The gap narrowed to 162 basis points in the fortnight ended September 20, the latest Reserve Bank of India (RBI) data showed, from 220 basis points two weeks ago. One basis point is a hundredth of a percentage point. As on September 20, year-on-year credit growth print was at 13.02% against 13.3% a fortnight ago, while the latest deposit growth was higher — at 11.4% versus 11.1%.

Reliance Power's board on Thursday approved raising $500 million (Rs 4,200 crore) through unsecured foreign currency convertible bonds (FCCBs), the company said in a regulatory filing. The FCCBs are to be issued to affiliates of Värde Investment Partners, LP, a leading Global Alternative Investment Firm.

United Refining Company and Red Apple Group Chairman & CEO John Catsimitidis discusses Bidens non-intervention in the port strikes and explains how it will spike inflation and raise food and oil prices.

United Refining Company and Red Apple Group Chairman & CEO John Catsimitidis discusses Biden's non-intervention in the port strikes and explains how it will spike inflation and raise food and oil prices.

Square 1 Farmers owner Tim Ryan, and Tim Ryan Jr., his son and VP of sales, explain their preparation for supply chain issues ahead of the port strikes and discuss the impact on businesses and consumers.

With vehicle thefts gradually decelerating in Canada, insurance claims and costs are also on the decline.

UST said on Thursday that it has acquired the automation unit of Information Services Group (ISG), for a total consideration of $27 million. The firm said the acquisition will strengthen its position in the intelligent automation space and allow the company to deliver a broader set of services to its clients. The acquired unit is a leading provider of intelligent automation solutions, utilizing artificial intelligence (AI), robotic process automation (RPA), and automation technologies to help clients across a range of industries, said the firm in its statement. It further added that the automation unit of ISG helps optimize clients’ business processes, enhance their customer experience, and reduce their operational costs. The development comes days after the IT firm set a target of 6,000 employees in its Kochi centre, up from the current level of 2,800, in the next five years. While UST’s Thiruvananthapuram centre has about 7,500 employees and is the company’s largest centre globally, UST Bengaluru has about 6,500 employees. Across India, the IT firm has around 20,000 employees. Globally, the firm has more than 30,000 employees.

India's primary markets have seen a deluge of initial public offerings (IPOs) in recent months, drawing in eager investors hoping to grab shares of high-profile companies. 

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says for those stocks which are not going to have the higher amount of growth rate attached to it, the valuations will probably get moderated. There may not always be a price correction, but a possibility of time correction is there and Choksey would like to play safe. At this point of time, some of the largecap companies within the Nifty 50, Nifty 100 basket, remain relatively more solid, more sure about the growth prospects going forward. Some of the large cap companies within the Nifty 50, Nifty 100 basket, remain relatively more solid, more sure about the growth prospects going forward. What is the outlook when it comes to the broader markets versus the frontliners because as per the historical data, it seems like the broader markets are likely to take a leap ahead as compared to the frontliners for the month of October. Do you reckon it will be the case this time as well? Deven Choksey: I believe that the valuations are going to be the driving factor year after. Whenever you find stretch valuations in the broader market, be it in the midcap or a smallcap either, I guess the market would not be very easy to accept that premium valuation.

Subscribe to enjoy similar stories. Observers of the Indian information technology (IT) services space expect Infosys Ltd to post the fastest revenue growth among the industry’s top five for the quarter ended September 2024. Brokerages Axis Capital and Nomura in their notes predicted sequential revenue growth upwards of 4% for Infosys, whereas HDFC Securities projected 3% jump in revenue.

Former central banker Mark Carney has warned there will be “significant stranded assets” in commercial real estate as governments push to reach net zero, highlighting the risks to property owners and lenders from older buildings that cannot adapt.

Shares of Humana tumbled early Wednesday after the health insurer said a Medicare Advantage quality rating drop will hurt future bonus payments the company receives

Atishi has ordered a special audit of power companies to look into the pension surcharge issue, an official statement said on Wednesday. To be conducted by auditors approved by the Comptroller and Auditor General (CAG), the move aims to ensure greater transparency in the pension process of the Delhi Vidyut Board (DVB), it said. The DISCOMs charge a pension surcharge of seven per cent from power consumers in their monthly bills. The surcharge is calculated as a percentage of the amount of fixed and energy cost portion of the bill. Emphasising the government's commitment towards the welfare of pensioners, Atishi stated that the well-being of DVB pensioners was a top priority. The audit is expected to bring accountability and clarity to the funding and distribution of pension benefits, ensuring that pensioners receive the support they deserve.

Subscribe to enjoy similar stories. India could brace for trade and stock market shocks, costlier crude and shipping, fewer jobs for Indians in West Asia and a drag on growth momentum, experts said, as Iran’s direct attack on Israel and the latter’s missile strikes on neighbouring Lebanon spark fears of an all-out conflict. A vulnerable point for the Indian economy, which imports nearly 85% of its crude oil requirement, is energy security, but experts remained optimistic about global powers stepping in to contain the crisis and limit damage to trade and economy.

Subscribe to enjoy similar stories. New Delhi: Caught in a cycle of costly legal battles, the Indian government plans to roll out a new national litigation policy aimed at curbing legal expenses, particularly in cases where the government is effectively suing itself, according to officials familiar with the matter. The policy, still under development, will focus on disputes between government entities, such as public sector undertakings (PSUs), which have long been a financial burden on the administration.

Subscribe to enjoy similar stories. Mumbai: The capital market regulator’s additional methods to assess credit risks in clearing corporations (CCs) will strengthen the equity derivatives segment in the long term but could increase costs in the near term, according to experts. The Securities and Exchange Board of India (Sebi) had first introduced new stress testing methodologies for determining credit exposure in CCs, including both hypothetical and historical scenarios to calculate potential losses when closing out client positions on October 16, 2023.

Subscribe to enjoy similar stories. Bengaluru: By focusing on learning through comprehension rather than by rote, husband-wife duo Sumeet Mehta and Smita Deorah, who founded LEAD Group in 2012, hoped to revolutionize K-12 education in small towns. Their goal was to bridge the knowledge gap in children from less privileged backgrounds.

Former Reagan economic adviser Art Laffer says port workers are misinformed as they dismiss automation amid ongoing strike.