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clean energy in 2023 globally may still not be enough to meet the COP28 target of tripling renewables capacity by 2030, consulting firm EY said on Thursday. Besides building assets to generate clean energy, the other challenge faced by companies is getting their projects hooked up to the electric grid, which is struggling to integrate new wind, solar and battery power. WHY IT'S IMPORTANT

CBI registered case against 'unknown accused persons' on the basis of complaint by Secretary of Education Departement. «It has been alleged in the complaint that on 19.06.2024 University Grants Commission (UGC) recieved inputs from National Cyber Crime Threat Analysis Unit of Indian Cyber Crime Co-ordination Centre(I4C) under Union Ministry of Home Affairs that integrity of UGC Net -2024 Examination, conducted by National Testing Agency(NTA) in two shifts across different cities in the country, may have been compromised,» said CBI's statement. The Education Ministry on Wednesday ordered the cancellations of UGC-NET conducted by the National Testing Agency following inputs that the integrity of the examination may have been compromised and the matter has been handed over to the CBI for a thorough investigation, officials said. The decision by the Ministry comes amid a massive row on the medical entrance exam NEET over alleged irregularities, with the issue now before the Supreme Court.

₹4,250 crore, directly or indirectly," Indus Towers' chief financial officer Vikas Poddar told analysts at JP Morgan prior to the stake sale. The comments were shared by the brokerage to clients in a note.On Wednesday, UK-based Vodafone Group Plc sold 18% stake sale in India's largest telecom tower provider for ₹15,300 crore.

Against this backdrop, World Trade Center Mumbai and the All India Association of Industries are set to host the 9th edition of their flagship event, the Global Economic Summit, themed ‘FinTech: Accelerating the Digital Revolution,’ from August 8-10, 2024. The summit will discuss pathways and strategies to meet the unmet credit needs of micro, small and medium enterprises (MSMEs), women entrepreneurs, and underserved communities through digital solutions such as paperless credit, account aggregator framework, cash-flow-based funding, alternative credit scoring methods, and so on. Moreover, central banks are encouraging their traditional banks to deploy technologies to promote digital supply chain financing for MSMEs and digital payments.

rich plan to migrate to another country, most of them choose the United Arab Emirates and particularly Dubai, which is one of the Emirates. A report by Henley & Partners, an international investment migration advisory firm, says approximately 4,300 millionaires are projected to leave India this year. And most of them are headed to the UAE. However, it's not that India's rich are in a hurry to leave the country. It's only a small number of rich Indians. «India continues to lose large numbers of millionaires, especially to the UAE. However, in our view these outflows are not particularly concerning as India continues to produce far more new HNWIs than it loses to emigration. Furthermore, the bulk of the millionaires who leave India tend to retain business interests and second homes in the country, which is a positive sign,» says the report. Why the UAE has such a pull for rich Indians The UAE is a bigger attraction for India's rich than other popular destinations for migration, such as Australia, Singapore, Israel, Switzerland, the US, Canada, New Zealand and the UK.

Daibiru Corporation, a subsidiary of the Japanese business conglomerate Mitsui O.S.K. Lines has invested Rs 1,000 crore in an under-construction office complex in Gurgaon, being developed by DLF in a joint venture with the global investment and development firm Hines, according to three persons familiar with the deal. Hines, which holds a 33% stake in the joint venture, facilitated the exit of the Abu Dhabi Investment Authority (ADIA) by bringing in Daibiru as an investor. Both companies have created Daibiru Hines Trust at GIFT City, Gujarat, and plan to invest in more commercial assets across the country.

EKA Mobility, which received a tranche of Rs 200 crore from Japan’s Mitsui & Company, is looking at commissioning a third manufacturing facility for rolling out electric buses and light commercial vehicles in the country the next 12-18 months. This strategic infusion of capital will be deployed to meet capital expenditures and working capital needs, supporting EKA Mobility’s expansion in the fast-evolving electric vehicle space in the country, Sudhir Mehta, Founder and Chairman, EKA Mobility told ET. EKA (Pinnacle Mobility Solutions) Mobility — one of the commercial vehicle manufacturers approved under the Champion OEM (Original Equipment Manufacturer) Scheme & EV component manufacturing scheme of the Rs 25,938 crore auto PLI policy — has a strategic partnership with Japan’s Mitsui and Netherlands-based VDL Groep to manufacture electric buses and light commercial vehicles.

Maya Miriga (1984), a touchstone of the Parallel Cinema movement, will be presented in a restored version at the Cinema Ritrovato Festival in Bolonga, Italy, in June. Directed by Nirad Mohapatra, Maya Miriga was part of the Critics Week at the Cannes Festival in 1984.

Modi 3.0 administration, with a pronounced emphasis on boosting economic growth across various sectors. The government's proactive policies and initiatives are creating a ripple effect, positively impacting industries from infrastructure to technology. Among the most notable sectors experiencing robust growth is defence, spurred by announcements aimed at fortifying India's military capabilities.

The Swiss National Bank says it has lowered its main policy rate by a quarter of a percentage point, citing a drop in “underlying inflationary pressure” despite an uptick in some costs like rents, tourism services and oil products

French President Emmanuel Macron is joining African leaders to kick off a planned $1 billion project to accelerate the rollout of vaccines in Africa

Malaysian Prime Minister Anwar Ibrahim rejects the notion that China’s dominance is to be feared

Navneet Munot, MD & CEO, HDFC AMC, says liquidity flow particularly from domestic investors have been very robust. A lot of this positive news on the macro front, on the corporate front and because of the positive sentiments from the investors is also built into the price. So, valuations in parts of the market may be running ahead of the fundamentals. The way it will get corrected is by earnings growth over a long period of time. What can we look forward to in the next 15 years?

Rahul Gandhi on Thursday launched a string of attacks on Prime Minister Narendra Modi while addressing the media on the issue of NEET, and said that the BJP leader has been unable to plug alleged paper leaks in competitive exams. Gandhi said that following the recent Lok Sabha disappointment, PM Modi has “psychologically collapsed, someone even threw chappal at his car.” The Congress leader was making a reference to a video that has been circulating on social media where a footwear was allegedly hurled at PM Modi’s car in his constituency Varanasi.

India has emerged as the most attractive consumer market across the globe with trends in consumption in smaller markets likely to merge with large cities, said a report by venture platform and accelerator Fibonacci X, adding that India is poised to grow in the range of 6-10% over the next few years, barring any black swan event. This will help attract higher investments across sectors. The services sector is likely to continue to drive strong economic growth in the country. “Going by economic growth trends, India is poised to be a global hotspot for economic growth. India is not insulated from world risks, but can overcome them faster. We are expecting a growth fuelled future for Bharat,” Kulmani Rana, Founder and CEO, Fibonacci X, said.

Kenya’s Directorate of Criminal Investigations (DCI) has closed a probe into Worldcoin, the controversial crypto project suspended in the country last year.

Binance is contesting a $4.3m fine levied by Canada’s financial intelligence agency, FINTRAC.

Alkyl Amines Chemicals Ltd share price gained more than 7% during the intraday trades on Thursday. Alkyl Amines Chemicals share price opened at ₹2025 levels on Thursday on the BSE with gains of around 1% over the previous close.

₹800 crore and an Offer of Sale (OFS) of 1.36 crore equity shares by promoters and current shareholders.The proceeds of the new issuance will be used to pay off debt and for other company purposes. In the OFS, the selling shareholders are Satish Ramanlal Mehta (up to 1,730,000), Sunil Rajanikant Mehta (up to 40,000), Namita Vikas Thapar (up to 1,408,600), Pushpa Rajnikant Mehta (up to 1,150,000), Bhavana Satish Mehta (up to 531,400), Kamini Sunil Mehta (up to 125,000), BC Investments IV Ltd (up to 7,234,085), Arunkumar Purshotamlal Khanna (up to 300,000), Berjis Minoo Desai (up to 144,642), and Sonali Sanjay Mehta (up to 125,000).The book-running lead managers for the offer are Kotak Mahindra Capital Company, Jefferies India, Axis Capital, and JP Morgan India.

BENGALURU:Silicon Valley-based venture capital (VC) firm General Catalyst has acquired New Delhi-based early-stage investor Venture Highway, with plans to invest $500 million-1 billion in India.The new entity will be called General Catalyst India and will focus on early- and growth-stage investments in the country. “The combined capabilities of the two firms will allow us to be much more hands-on and effective going forward in India.

FIU) has imposed a fine of 188.2 million rupees ($2.25 million) on the world's largest crypto exchange, Binance, for operating in the country in violation of local anti-money laundering regulations. India requires virtual digital asset service providers like crypto exchanges to be registered with the FIU as a reporting entity and comply with its anti-money laundering rules.