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Reserve Bank of India (RBI) on Friday reviewed the global and domestic economic situation and outlook at a meeting chaired by new Governor Sanjay Malhotra. The 612th meeting of the Central Board of Directors of the RBI also placed on record its appreciation of the valuable services rendered by Shaktikanta Das during his tenure as the governor of the central bank. Das demitted officer earlier this month after completing an extended six-year tenure. «The Board reviewed the global and domestic economic situation and outlook, and discussed the activities of select central office departments as well as the draft report on Trend and Progress of Banking in India, 2023-24,» the RBI said in a statement.

Bharat Petroleum Corp Ltd has bought its first crude oil cargo from Argentina, two trade sources said on Friday, part of the company's effort to diversify the grades processed at its refineries. The state-run refiner has purchased the 1-million-barrel cargo of Medanito crude for February delivery from European trader Mercuria, the sources said. The light-sweet grade is of a similar quality to U.S. West Texas Intermediate crude, they added.

One MobiKwik Systems fell by as much as 5.7% on Friday to Rs 510.30 on the BSE. This decline came as investors engaged in profit booking after a sharp rally of 37% in the previous two days following the fintech firm’s Dalal Street debut. MobiKwik, which listed on the stock exchanges on Wednesday at a 58.5% premium over its issue price of Rs 279, saw its shares open at Rs 442.25 on the BSE. The stock had already delivered a 117% return as of Thursday, peaking at an intraday high of Rs 605 before retreating on Friday.

electric mobility is a pivotal change in the global effort to combat climate change, particularly given the automobile sector’s significant contribution to Greenhouse Gas (GHG) emissions. As urbanization and pollution escalate, particularly in countries like India, the need for a sustainable shift in the automobile industry is urgent.

Gold demand in India remained subdued this week as volatile prices prompted potential buyers to delay purchases, while higher rates across China are expected to potentially offset upcoming seasonal demand. After gold prices became highly volatile over the past two weeks, buyers are now adopting a wait-and-see approach, hoping for prices to decline further, said a Chennai-based jeweller. In India, domestic prices fell to Rs 75,459 ($887.28) per 10 grams earlier this week after rising to Rs 79,120 last week.

electronic voting machines will be heard by a bench headed by Justice Dipankar Datta in January next year. A bench comprising Chief Justice of India (CJI) Sanjiv Khanna and Justice Sanjay Kumar said the fresh plea of former Haryana minister and five-time MLA Karan Singh Dalal and one Lakhan Kumar Singla on the issue will be heard by a bench headed by Justice Datta in the week commencing January 20, 2025. A bench comprising Justice Khanna and Justice Datta had delivered a verdict earlier in April rejecting the demand for bringing back the old paper ballots. At outset, senior advocate Maninder Singh, appearing for the Election Commission, sought dismissal of the plea, saying that similar petitions for same reliefs were rejected earlier.

Swan Energy has signed a preliminary agreement with Singapore’s AG&P Terminals & Logistics to form a joint venture for supplying liquefied natural gas in India and other countries, the company said in a regulatory filing on Friday. Swan Energy will hold a 51% stake in the JV and AG&P LNG the remaining. AG&P LNG will also collaborate on Swan Energy’s LNG regasification terminal and will also have an option to take equity stake, the companies said. The companies will also form another JV for a floating storage and regasification unit (FSRU) and a floating storage unit to operate Swan Energy’s LNG terminal. AG&P LNG will hold 51% stake in this JV with Swan holding the rest.

Bibek Pangeni, a Nepali social media personality and a PhD candidate in Physics and Astronomy at the University of Georgia, passed away after a prolonged and brave battle with glioma, a form of brain tumour. Diagnosed in 2022, Bibek’s fight against the illness was shared widely online, where he and his wife, Srijana Subedi, gained admiration for their resilience and love. Subedi, who cared for her husband through his treatment for third-stage glioma, ensured he felt supported despite the challenges. Through Instagram reels and videos, the couple documented their journey, bringing awareness to the difficulties faced by those with severe illnesses. Bibek’s followers expressed deep sorrow over his passing. One user wrote, “I am totally broken,” while another commented, “In today’s generation, both of them proved that they love each other.”

And yet many of the routine functions of government — things like national defense, benefit checks and mail delivery — continue as usual. ALSO READ: H-1B visa overhaul gets White House nod, providing big relief for international students, entrepreneurs

An Australian computer scientist who falsely claimed to be the founder of the bitcoin cryptocurrency has been found to have committed contempt of court by breaching an order of London’s High Court

Micro and Small Enterprises (CGTMSE) marked a significant milestone by hosting a felicitation of MLIs and MSE Beneficiaries on approving 1 crore guarantees. The event was held at SIDBI Swavalamban Bhavan in the presence of Manoj Mittal, Chairman & Managing Director, SIDBI & Chairman of CGTMSE, Sudatta Mandal, DMD, SIDBI, Manish Sinha, CEO CGTMSE along with guests from State Bank of India, HDFC Bank and Union Bank. The occasion celebrated the achievements of CGTMSE’s commitment to fostering financial inclusion and empowering small businesses. The occasion was graced by the Chairman who felicitated the three Micro and Small Enterprises (MSE) borrowers — Gauri Deepak Samudre proprietor of UNIQUE DIGITAL PRINTING, Meet Yogesh Sanghvi, promoter of KEMKO TITANIUM PRIVATE LIMITED and MVGS Anil Kumar, CFO of HIGHNESS MICROELECTRONICS PVT LTD. These borrowers were supported by three leading Member Lending Institutions (MLIs) — Union Bank, State Bank of India and HDFC Bank respectively, whose contributions were instrumental in making this accomplishment possible. Speaking at the event, Mittal emphasized the transformative impact of credit guarantees on the MSE ecosystem, enabling businesses to access funding without collateral, third party guarantee and achieve sustainable growth. Anindya Sunder Paul, CGM, State Bank of India, Sanjay D'Souza, Group Head, HDFC Bank and G K Sudhakar, Rao, GM MSME, Union Bank also shared insights on strengthening the MSE sector and nurturing entrepreneurship through collaborative efforts.

life after death has perplexed humanity for centuries, driven by a universal curiosity about what lies beyond the end. From philosophical theories to recent scientific advancements, the question continues to evolve with new perspectives.

NARCL) for the debt-laden Jaiprakash Associates Ltd (JAL) has triggered a Swiss Challenge auction, with close to a dozen entities showing interest in acquiring the Noida-based conglomerate on an all-cash basis. Distressed aggregators such as the Kotak Mahindra Group-backed Phoenix ARC, US-based Ares Management Corp-backed Acre ARC (asset reconstruction company), Avenue Capital’s Arcil ARC and CFM ARC have expressed initial interest in submitting a bid, said senior executives of these entities. NBFC Capri Global and US-based alternative investment fund Cerberus Capital have also expressed interest, people familiar with the matter said. ET could not ascertain the names of all entities interested in the asset.

Breon Peace said he will step down Jan. 10, ending a stint as federal prosecutor that included high-profile cases such as singer R Kelly’s trial for sex-trafficking, a fraud indictment of Indian billionaire Gautam Adani and the criminal conviction of a US Congressman. Peace, a 53-year-old native of Brooklyn, New York, said in a statement Wednesday “it has been the honor of a lifetime to serve as United States Attorney.” He’ll be replaced as head of the Brooklyn office, known as the Eastern District of New York, by First Assistant US Attorney Carolyn Pokorny, according to the statement. He was appointed by President Joe Biden in 2021 and will leave before President-elect Donald Trump takes office Jan. 20.

Buying a second-hand electric car in India can be a smart and eco-friendly choice. Here's a step-by-step guide to help you make the right purchase: 1. Set a budget Decide on your budget based on the car’s brand, model, and condition. Keep in mind that used electric cars may vary in price depending on factors such as age, battery condition, and features.

The fund house informed about this to its unitholders through a notice-cum-addendum. The changes for Mirae Asset Balanced Advantage Fund, Mirae Asset Multi Asset Allocation Fund, Mirae Asset Equity Savings Fund, Mirae Asset Midcap Fund, and Mirae Asset Flexi cap Fund will be effective from January 1, 2025. The changes in Mirae Asset Gold ETF Fund of Fund will be effective from December 24.

Justice League in 2017, followed by Zack Snyder's controversial version of the same film. Despite much anticipation, a sequel to the Justice League—both dreaded by some and hoped for by others—never materialized. The long-awaited Justice League 2 never happened. The sequel would have brought together Superman, Batman, Wonder Woman, Aquaman, Cyborg, and the Flash once again on the big screen. However, according to Screenrant, «after multiple logistical issues with the first film, director Zack Snyder completed his own cut of the movie, concluding his vision for the DCEU and putting a definitive end to the possibility of a direct JL sequel.»

The Series C funding round valued the company at $2.1 billion and the investment will be used for further global growth strategy, bolttech said in the statement. That is 31.3% higher than the $1.6 billion disclosed in its previous Series B funding round in May 2023.

Opposition MPs staged a protest at Vijay Chowk here on Friday demanding Home Minister Amit Shah's apology and resignation for allegedly «insulting» BR Ambedkar. They also carried out a protest march from Vijay Chowk to Parliament. Congress general secretary Priyanka Gandhi Vadra also slammed the BJP over the FIR filed against the Leader of Opposition in the Lok Sabha Rahul Gandhi, saying it «shows their desperation level». «The entire country is watching, they have slapped several cases on Rahul Gandhi. They bring in new FIRs and lie...This shows their desperation level,» she told reporters.

Micron Technology shares slumped about 15% on Thursday, as a bleak forecast indicating sluggish demand for personal computers and smartphones overshadowed a lift from robust growth in sales of AI-related chips. The market for dynamic random-access memory (DRAM) chips used in personal computers and smartphones has remained under pressure since the end of the pandemic amid a lingering supply glut and sluggish consumer demand. Micron's flash memory chip revenue in fiscal 2025 is expected to be significantly weaker, as sales of such chips are more exposed to PC and mobile phone shipments, Morningstar analyst William Kerwin said.