Country Financial News

Indian Premier League (IPL) chairman Arun Dhumal hailed the league as the best 'Make in India' brand post-independence. Arun Dhumal was speaking during the RCB Innovation Lab's Leaders Meet India in Bengaluru held this week. While talking about the fan insights and engagement of IPL and its franchises, Dhumal said, «We work as a team with all franchises, we are all partners.

COP28: How much does loss and damage from climate change cost? COP28 presidency mobilizes $2.5 bn to support food-climate agenda PM Modi proposes India as host of COP33 at climate change summit in Dubai COP28, the annual United Nations (UN) climate meeting, is being held in Dubai this year. Hundreds of world leaders have gathered together at the big UN climate summit to discuss tackling climate change.

earthquake measuring 3.4 on the Richter scale jolted India's northernmost region of Ladakh this morning at 8.25 am, as per the National Center for Seismology (NCS), ANI reported. The NCS confirmed that the seismic activity was felt in the area, with the epicentre located at a latitude of 35.44 and a longitude of 77.36.

Narendra Modi met his Italian counterpart Giorgia Meloni on the sidelines of the United Nations' ongoing 28th Conference of the Parties (COP28) in Dubai on December 1. In a photo post on social media site X (formerly Twitter), Modi wrote in Italian: “Met PM Giorgia Meloni of Italy on the sidelines of the COP28 Summit. Looking forward to collaborative efforts between India and Italy for a sustainable and prosperous future." Also Read: Italy PM Giorgia Meloni applauds PM Modi calls him the ‘most loved leader’ of the world Meloni in turn also posted a selfie with the Indian PM saying, “Good friends at COP28.

LCH has reached out to Indian banks and informed them that it has fulfilled necessary conditions mandated by the Reserve Bank of India to function as a qualifying central counterparty (QCCP) for offshore derivatives trades. In a development that could ease banks' capital requirements for offshore non-deliverable forwards (NDF) trades, LCH has said to banks that it has complied with norms prescribed by the RBI for QCCPs, sources aware of the development told ET. The LCH is one of the largest players in the global interest rate swap market. «The LCH has referred to an RBI circular and informed banks that they have met the requirements.

By Kate Abnett

By Timothy Gardner

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.

Indians might be holidaying overseas this Christmas-New Year season than last year as relatively cheaper fares and packages, better connectivity, and easier entry requirements have made the proposition more compelling. Tour and travel companies such as Thomas Cook, SOTC and EaseMyTrip have seen up to 30% uptick in demand for short-haul international routes compared to last year. Packages for many of these destinations are comparable with those for popular domestic spots, as some countries are actively wooing Indian travellers with visa-free entry and by nudging airlines to offer easy connectivity at affordable rates. Consider this.

COP28 climate summit hit its "first major milestone" on November 30, by operationalising the "Loss and Damage" fund. "This fund will support billions of people, lives and livelihoods that are particularly vulnerable to the effects of climate change," COP28 President Dr Sultan Al Jaber said.

Goldman Sachs Head of Oil Research Daan Struyven provides insight on the refinery sector on 'The Claman Countdown.'

Investing.com — Oil prices fell for a sixth-straight week Friday, as voluntary output cut agreements from major oil producers that fell short expectations continued to keep worries about oversupply front and centre. 

The federal government appears to have a perception problem: Most Canadians don’t understand what the carbon tax is costing them while others believe they are paying more than they receive in rebates, a new poll suggests.

Netflix has officially greenlit the production of the second season for the zombie-based reality competition game show, Zombieverse. The announcement surfaced on Netflix's K-content account through a social media post: “ZOMBIEVERSE is renewed for season 2! The world is a zombieverse, and we’re all just living in it, right? Expect upgraded quests, enhanced zombies, a new cast, and an expanded universe.” The debut season, which premiered on August 8, 2023, unfolded in Seoul and showcased participants testing their survival skills amid a simulated zombie outbreak. Contestants engaged in challenging quests to prove their mettle in the face of adversity. The show had a notable presence in global and South Korean Netflix rankings. During its launch week, it secured a position in the global top 10, accumulating 14.3 million hours watched and claiming the fifth spot in the Non-English series category. FlixPatrol data indicates that Zombieverse maintained its popularity in South Korea, residing in the country's top 10 for an impressive 17 days. This success aligns with a trend of South Korean reality series achieving significant viewership, evident in the renewals of The Devil’s Plan and Physical: 100 for their second seasons. Single’s Inferno is also slated to return for a third season in the near future. With the confirmed renewal, fans can anticipate an array of enhancements in Zombieverse season 2, including upgraded quests, more formidable zombies, a fresh cast, and an expanded universe.

Lana Del Rey pays homage to John Denver by covering his 1971 classic «Take Me Home, Country Roads» in a one-off single. Del Rey, known for her dreamy vocals, beautifully interprets the Americana favorite, infusing it with a reflective and haunting quality.

Kesoram Industries, which announced merger of its cement business with UltraTech Cement, is set to prepay around ₹1,500 crore of high-cost debt borrowed at 20% from Goldman Sachs, Cerberus and Edelweiss. «The three funds — Goldman Sachs, Cerberus Capital Services and Edelweiss — are set to be paid ahead of maturity as UltraTech is rated AAA and the cost of borrowing is much cheaper,» a person with knowledge of the matter said on condition of anonymity. As part of the merger deal, UltraTech Cement will issue one share for every 52 shares of Kesoram Industries. The total value of the deal includes a debt of about ₹1,700 crore, according to a Motilal Oswal report.

Nithyananda, a guru (n.b.: all gurus are 'self-styled'), reportedly fled India after security agencies began probing his involvement in criminal cases. But, soon enough, the man resurfaced in the online world, claiming that he founded a new nation, the United States of Kailasa (USK).

The Central Bank of Solomon Islands has revealed a partnership with Japanese blockchain Soramitsu to launch a proof-of-concept for a CBDC named Bokolo Cash.

ACCording to several people aware of the developments, CEO Vishal Kaul, human resource head Manisha Kadagathur, and chief revenue officer Amar Jethithor have tendered their resignations. Chief marketing officer Sushrut Pant, who joined Vini this March, quit in November and joined Shree Cement as head of marketing, according to his LinkedIn profile. Darshan Patel, non-executive chairman of Vini Cosmetics, confirmed the CEO’s exit.

Walmart to shift its supply chains from China to India, Thailand, and Vietnam. China is Walmart's biggest importer, but the numbers from the country dramatically dropped to just 60% in 2023 from over 80% during the year 2018. "I need resiliency in our supply chains.

Paul Lynch won this year's Booker Prize for his dystopian novel, Prophet Song. Set in the near-future, it is a novel of our times: a liberal democracy — in this case, Ireland — under authoritarian rule with law enforcement and the judiciary weaponised by far-reaching powers. But it is a particularly illuminating point made by Lynch in a TOI interview that merits more burrowing.