Country Financial News

Hindustan Petroleum Corporation Ltd (HPCL) plans to start operations at the 5 million tonne a year Chhara LNG import terminal in Gujarat in the next couple of months and has already got offers from 6-7 parties to hire capacity, a senior company official said on Thursday. The terminal was mechanically completed in March but its commissioning was delayed as a 40-km pipeline connecting it to an existing network meant for sales to consumers was not yet ready. «We will commission the LNG terminal in the next couple of months,» HPCL Director (Marketing) Amit Garg told reporters here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Pine Labs said it has launched a new platform called Credit+, which is a credit issuance stack for banks, fintechs and large merchants. Pine Labs, which has looked to diversify from offline payments, will use the new stack to provide fintechs and banks the ability to manage credit programmes, launch co-branded credit cards, help with rewards and loyalty management, as well as provide online merchants the ability to provide embedded credit offerings to users.

Drone Technology for Junior Commissioned Officers (JCOs) and Other Ranks Officers (OR) will be extended to in due course. Implemented by the Centre for Educational Technology (CET), Centre for Intelligent Cyber Physical Systems (CICPS), Centre for Drone Technology and IIT Guwahati Technology Innovation and Development Foundation (IITG TIDF), the primary objective of this programme is to modernise the armed forces operations, provide state-of-the-art skills for drone operations and utilities and facilitate a smooth transition for the armed forces as they consider post-retirement career options in the rapidly expanding drone technology sector. Prof. Parameswar K.

Uganda secured its place in a global cricket tournament for the first time Thursday after beating Rwanda in African qualifying for next year's T20 World Cup. The country of 50 million in East Africa got into the expanded 20-team competition, being co-hosted by the West Indies and the United States in June, at the expense of Zimbabwe — an established cricketing nation. Uganda defeated Zimbabwe by five wickets on Sunday for its first ever win over a Full Member team in a T20 international, and followed that up by dismissing Rwanda for 65 then reaching its target in 8.1 overs in Windhoek, Namibia. Namibia has also advanced through African qualifying to complete a lineup of teams that also contains Oman, Nepal, Papua New Guinea and Canada.

Gurpatwant Singh Pannun, the Khalistani separatist and Indian-origin citizen of the US and Canada, is in the spotlight after the US law enforcement authorities on Wednesday announced the filing of a «murder-for-hire» charges against Indian national Nikhil Gupta in what they said was a «foiled plot to assassinate» Pannun in New York City allegedly supervised by an Indian government official. Pannun has been the most vocal proponent of Khalistan in recent years, holding Khalistani referendums in Western countries and announcing rewards to Indian SIkhs for writing Khalistani graffiti and hoisting Khalistani flags. A designated terrorist wanted in India in nearly two dozen cases related to terror and sedition, Pannun has emerged as the biggest figurehead of the Khalistani movement, threatening India and Hindus with impunity, even threatening obliquely to blow up Air India flights recently. Read More:'Matter of concern,' New Delhi says as US indictment names Indian on Khalistani Pannun's murder plot charges Pannun started out as an eccentric activist, who would file cases in American courts against visiting Indian politicians for their alleged role in the 1984 Sikh riots, and has now become the most reocgnised face of the global Khalistani movement. The beginning of Pannun “Children often bring pride to their village or towns, but Gurpatwant has besmirched its reputation with a tag of a terrorist's village and brought us shame,” Sarjan Singh, a resident of Pannun's ancestral village Khankot, on the outskirts of Amritsar in Punjab, had told TOI three years ago.

Binance, an official said Thursday, as part of a crackdown on online trading platforms operating in the country without licences. The Securities and Exchange Commission (SEC) announced Tuesday that Binance was not registered in the Philippines and therefore not authorised to sell or offer securities in the country.

Narendra Modi has highlighted the journey in an op-ed for the Hindustan Times. Here are 10 key takeaways. India's G20 presidency, marked by challenges like the COVID-19 aftermath, climate threats and financial instability, focused on shifting from GDP-centric to human-centric progress.

Also Read: Why silver outshined Nifty 50, gold in November 2023 — explained The projection of gold reaching $2,400 in 2024 is intricately tied to a complex web of economic, geopolitical, and market dynamics. These factors collectively paint a picture of gold as a resilient and sought-after asset, offering stability and value in the face of a myriad of global uncertainties, Kedia Advisory said in a report. Kedia lists out certain key factors that may lead to further rally in the gold prices.

Balrampur Chini Mills share prices that have gained more than 15% in November also scaled 52-week highs on Thursday. Stocks of sugar companies remain in limelight with rising sugar prices amidst favorable demand supply dynamics and rising ethanol production. Triveni Engineering and Industries and Bajaj Hindusthan Sugar Ltd shares are also trading close to 52-week highs seen in October and November respectively.

Ritesh’s journey as an entrepreneur is no secret. ...

₹8,960 apiece, registering a 2.60% gain in today's trading session. This came after the company, in an exchange filing on Wednesday, said it had acquired 0.54 mtpa cement grinding assets of Burnpur Cement Limited, located at Patratu in Jharkhand, at a consideration of ₹169.79 crore.

Onion prices have nearly doubled in a year. The all-India retail price of onions increased 94.39% to Rs 57.85 a kilogram on November 29 from Rs 29.76 per kg a year ago, according to the government data. This happened despite India continuing to be the world's second largest grower of onions and producing multiple crops a year. How have onion prices moved in the past few months? Onion prices started to climb in Maharashtra’s Pimpalgaon and Lasalgaon wholesale markets, Asia’s largest, in the second week of August.

India expects a clear roadmap on climate financing during the COP28 starting today, where world leaders, including Prime Minister Narendra Modi, will converge to chalk out strategies for climate mitigation. «Climate finance and climate technology are a very crucial segment of all the global efforts in addressing this challenge of environmental degradation. We expect a clear roadmap to be agreed at COP28 on climate finance which would be important for delivering on the new, collective, quantified goals...,» foreign secretary Vinay Mohan Kwatra told media persons here in the national capital. Climate finance typically refers to any financing that seeks to support mitigation and adaptation actions that will address climate change. Asked what India's stance on the reduction of coal consumption for its energy requirements was, Kwatra said, «Coal is and would remain an important part of India's energy mix, it has always been, as we move forward to meet our developmental priorities in the country.» «We are proactive in taking practical climate action measures and basing them on a firm conceptual understanding and a very firm belief our development has to be a green development,» he said, adding that though it would be subject to India's own developmental priorities. PM Modi committed to an ambitious five-part «Panchamrit» pledge at COP26 held in 2021.

Henry Kissinger for his «historic contributions» to China-US ties, describing him as an «old and good friend of the Chinese people». Kissinger «had long been concerned about and supported the development of China-US relations, visiting China more than a hundred times and making historic contributions to promote the normalisation of China-US relations», foreign ministry spokesman Wang Wenbin said. «During his life, Dr. Kissinger attached great importance to China-US relations and believed that they were vital to the peace and prosperity of the two countries and the world,» Wang said. Kissinger, a former US secretary of state whose unapologetic promotion of raw American power helped shape the post-World War II world, died on Wednesday. In China he is granted the sobriquet of «old friend of the Chinese people» for his part in establishing ties in the 1970s and helping bring the country out of its Mao-era isolation. Chinese leader Xi Jinping, who met Kissinger in Beijing in July, has sent a message of condolence to US President Joe Biden over his death, Wang said. Premier Li Qiang and Foreign Minister Wang Yi have also sent messages of condolence, he added. «Both China and the United States should inherit and carry forward Dr.

Congress leader Rahul Gandhi on Thursday hailed the healthcare programme for the poor initiated by the Rajasthan government, saying that if the party secures power at the Centre post the 2024 Lok Sabha polls, similar initiatives will be rolled out nationwide. The former Congress chief emphasised the need for a reevaluation of healthcare at the national level.

India Q2 GDP data LIVE Updates: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation is set to release the Gross Domestic Product (GDP) data, for second quarter spanning July to September months of the financial year 2023-24, today. Economists expect growth rate to slow down in Q2 of this financial year as compared to last quarter where it registered robust growth of 7.8 percent.

climate summit convened by the UN, COP28 , which opens in Dubai on November 30th, one group is sure to have an outsize voice. These are the small island developing states (SIDS). Their club numbers just 39 full members and 18 associates.

Outdoor air pollution from all sources accounts for 2.18 million deaths per year in India, second only to China, according to a modelling study published in The BMJ. The research found that air pollution from using fossil fuels in industry, power generation, and transportation accounts for 5.1 million extra deaths a year worldwide.

Dozens of South Korean and U.S. combat engineers build a pontoon bridge to ferry tanks and armored vehicles across the water, all within easy range of North Korean artillery. For seven decades, the allies have staged annual drills like this recent one to deter aggression from North Korea, whose 1950 surprise invasion of South Korea started a war that has technically yet to end. The alliance with the United States has allowed South Korea to build a powerful democracy, its citizens confident that Washington would protect them if Pyongyang ever acted on its dream of unifying the Korean Peninsula under its own rule. Until now.

Fashion group SMCP, owner of French fashion labels Sandro and Maje, said on Thursday it signed a deal with Reliance to expand into India and will join other high-end European brands opening stores in the Jio World Plaza mall in Mumbai. «There aren't a lot of accessible luxury fashion labels in India so we think it's time to be pioneering,» said SMCP CEO Isabelle Guichot, citing India's wealth and growing population of younger generations among reasons for entering the country. After years of testing the Indian market with outlets in luxury hotels, high-end European labels are seeking to expand their retail presence there to tap its strong economic growth and a rapid rise in the number of local millionaires. SMCP did not disclose the financial terms of its partnership with Reliance Brands, which will become the exclusive distributor in India of Sandro and Maje. Reliance plans to open around 10 stores selling the SMCP brands in the next three to five years, said Guichot, starting with the mall in Mumbai developed by Indian tycoon Mukesh Ambani. Reliance Brands, a subsidiary of Ambani's Reliance Retail Ventures, has partnership deals with dozens of high-end European and American labels, including Bottega Veneta, Burberry, Valentino and Tiffany.