Country Financial News

startup conclave will be organised in Gandhinagar on December 7 in the run-up to the Vibrant Gujarat Global Summit 2024. The conclave will be attended by the representatives of unicorns, venture capitalists and leading businessmen from across the country, Gujarat Minister of Higher and Technical Education Rushikesh Patel said on Monday. Patel said a roundtable will also be organised in the state capital on December 6 in presence of Union ministers Dharmendra Pradhan and Rajeev Chandrasekhar and Gujarat Chief Minister Bhupendra Patel.

The head of one of the world’s biggest pension funds has said United Kingdom retirement plans should not be told where to invest their money, as the government sets out plans to funnel more cash into unlisted assets and early-stage companies.

Unsatisfied with the Ministry of Mines’ response that no capping is warranted on production of iron ore in Odisha, the Supreme Court on Monday sought the independent view of the Ministry of Environment, Forest and Climate Change (MoEF) on the impact of mining on the environment and the concept of intergenerational equity, the issues not looked at by the former. The Ministry of Mines told the SC that steel being an important pillar in achieving the economic goals of the nation and in making India self-reliant, any such capping would be highly detrimental towards achieving the common developmental goals of the nation. «Putting a cap on production of a mineral in a particular state, which is resource rich in that commodity, will jeopardise the economic development of the nation, mineral availability for the downstream industries and the requirement to sub-serve the huge population base of the country,” it said. A bench led by Chief Justice D Y Chandrachud sought to know if the MoEF was consulted by the Ministry of Mines on the issue.

Pradhan Mantri Ujjwala Yojana, the Parliament was informed on Monday. In a written reply in Rajya Sabha, Rameswar, minister of state in the Ministry of Petroleum and Natural Gas, apprised that there are 9.67 crore active LPG connections under Pradhan Mantri Ujjwala Yojana (PMUY), which includes 69.26 lakh connections in Rajasthan as of October 2023. The Pradhan Mantri Ujjwala Yojana (PMUY) was started in May 2016 to provide clean cooking fuel to poor households across the country. Under PMUY, a deposit-free LPG connection is provided to adult women from poor households. «The government started a targeted subsidy of Rs 200/- per 14.2 kg cylinder for up to 12 refills per year (and proportionately pro-rated for 5 Kg connections) to the PMUY consumers in May 2022.

By Valerie Volcovici

By Patrick Werr

Indian Navy would be renamed as per the Indian culture. We are also working on increasing women's power in our defence forces. I want to congratulate the Navy for appointing the country's first woman commanding officer on a naval ship," PM Modi said addressing the Navy Day celebrations in Sindhudurg.

The charred remains of two people found in a burned-out vehicle in the Caribbean island country of Dominica on Friday are believed to be those of Quebec entrepreneur Daniel Langlois and his partner, Dominique Marchand, according to a Dominican news outlet and several Quebec media reports.

IMCL) on Monday asserted that it follows every legal and ethical requirement for transplants, including government guidelines, refuting a report which alleged that it was involved in 'cash for kidney racket'. The hospital, a part of the Apollo Hospitals group, said each foreign donor is required to provide a certification from their respective foreign governments that the donor and recipient are indeed related before undertaking transplant.

Gloster SUVs, along with two electric vehicles, Comet EV and ZS EV. Notably, the carmaker had previously raised the prices of its flagship SUVs, Hector and Gloster, in August of this year. MG Motor has justified its latest decision to increase prices, citing the necessity to address escalating production costs.

National Crime Records Bureau (NCRB), Delhi registered the highest rate of crime against women in the country in 2022. The national capital recorded 14,247 cases in 2022 with a rate of 144.4 (per lakh), which was way above the national average of 66.4. The crime against women in the national capital stood at 14,277 in 2021 and 10,093 in 2020, reported PTI.

COP28 President Sultan Al Jaber defended his role in hosting this year's UN climate summit and insisted he understood and respected the science of climate change. He was responding to a December 3 report in the Guardian newspaper on comments he made last month on the phase-out of fossil fuels that have sparked criticism at COP28. The Guardian story had quoted Al Jaber saying during a November 21 online event that "there is no science out there, or no scenario out there, that says that the phase-out of fossil fuel is what's going to achieve 1.5C".

By Supantha Mukherjee

available finance and estimated adaptation and mitigation costs. The WTO will co-lead the ‘trade day’ discussions at CoP-28.

In the early 2000s, India unveiled the globally lauded tourism campaign, “Incredible India." Fast-forward to the present. Harvard Business School posed a compelling question: If India were to initiate another global campaign today, what should encapsulate its essence? Its recommendation, “Inevitable India," carries a profound resonance with the contemporary global landscape and geopolitical dynamics. From governments across North America, Europe and the Global South to global CEOs worldwide, the name ‘India’ is at the forefront of discussions on alliances and strategic partnerships.

offshore oil fields were discovered in the Essequibo region and it came as a game changer to poverty-stricken Guyana. The picture of the country is changing since the discovery of oil reserves in 2015 after which they are earning around $1 billion in annual government oil revenue. The money is being used for massive infrastructure projects in the country.

Periodic Labour Force Survey (PLFS) of the National Sample Survey Office, Himachal Pradesh topped the urban unemployment chart with 33.9%, followed by Rajasthan with 30.20% among the age group of 15 to 29 years during July-September 2023, against the national average of 17.3% of the same age group during the period, reported PTI. The PLFS data also revealed that the urban female unemployment rate in Himachal Pradesh was 49.2% among the 15-29 age group in the July-September quarter of this fiscal year as compared to 25.3% of males in the state. Rajasthan registered 39.4% of urban female unemployment in the quarter as against 27.2% in males, the PLFS data revealed.

NMDC Ltd scaled 52-week highs of ₹186 on Monday having gained almost 3% in the last 2 trading sessions. The gains are being led by record production and sales growth being reported by NMDC NMDC sales at 3.79 million Tonne (MT) during November grew almost 25% year-on-year. It is not only the month of November that saw strong sales growth but also year to date in FY24, NMDC sales at 27.78 mt have grown 23.5% year-on-year.

By Stefano Rebaudo

Investing.com — U.S. stocks are set to start the new week on a negative note, handing back some of the prior month's strong gains as traders await Friday's key jobs report. Bitcoin soars above $40,000, while crude retreats amid uncertainty over the actual extent of newly announced OPEC+ output cuts. The COP28 meeting is coming to an end, with its final agreement in dispute. 

By Casey Hall