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Narendra Modi met with the Prime Minister of the Commonwealth of Dominica, Roosevelt Skerrit, for a bilateral discussion in Georgetown, Guyana. The meeting, held during PM Modi's visit to Guyana, is part of India's ongoing engagement with Caribbean nations to strengthen ties and foster cooperation. India and the Commonwealth of Dominica have enjoyed traditionally cordial bilateral relations since the establishment of diplomatic ties in 1981. While Dominica does not maintain a diplomatic mission in India, it is concurrently accredited to India's mission in Port of Spain.

Sensex and Nifty 50, opened in the red on Thursday, weighed down by declines in Adani stocks following the indictment of Adani Group’s billionaire chairman in New York, over his alleged involvement in a multibillion-dollar bribery and fraud scheme. The BSE Sensex was trading 765 points, or 1%, lower at 76,813. The Nifty50 was down 218 points, or 0.93%, trading at 23,299 around 9:42 am.

₹3,960 crore from anchor investors. On its first day, NTPC Green Energy, the clean energy division of NTPC, achieved a subscription rate of 33%, primarily driven by retail investors who subscribed to 1.33 times the available shares.The Non-Institutional Investors (NII) segment accounted for 16% of the shares available for subscription, whereas the qualified institutional buyers (QIBs) segment did not receive any bids on the initial day.

Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme, U.S. prosecutors said on Wednesday. Authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2 billion of profit over 20 years. According to an indictment, some conspirators referred privately to Gautam Adami with the code names «Numero uno» and «the big man,» while Sagar Adani allegedly used his cellphone to track specifics about the bribes. Prosecutors also said the Adanis and another executive at Adani Green Energy, Vneet Jaain, raised more than $3 billion in loans and bonds for that company by concealing the corruption from lenders and investors.

direct mutual fund distributors like Groww grab market share, traditional offline financial distributors are increasingly searching for their own technology stack to remain relevant and grow. Chennai-based AssetPlus and Gurugram’s ZFunds are tapping into that opportunity. They are working with these offline agents, providing them with a technology stack to help them offer the best investment advice and products to their clients. Venture funds are opening up to backing them too. According to two people in the know, ZFunds is in talks with Elevation Capital to lead a Rs 25 crore equity funding round, which will be its first institutional funding round.

The exercise is directed at minimising the tax burden in the US, where there is a provision to lower FMV taking into consideration various parameters such as stocks issued at lower prices, legal experts said. Another large fintech, Razorpay, which has sought board approval to move its domicile to India, may see a similar 30-40% cut in fair market value, said a person close to the matter. The final number may differ as the math on the tax outgo will depend on calculations involving the delta between common and preferred stock and total fundraising over the years. Preferred stock or preference shares come with a number of benefits not available to holders of common stock.

Bank of Baroda and Axis Bank are considering raising funds totalling ₹6,500 crore through bonds to boost their capital base, said market sources. State-run Bank of Baroda will likely offer tier-2 bonds worth ₹3,500 crore for 15 years, while private lender Axis Bank is looking at raising ₹3,000 crore through tier-1 bonds.

Vedanta Resources (VRL) plans to raise $1.2 billion in the near term through senior unsecured notes to refinance existing debt and improve its financial position. The company is in talks with investors to raise $500 million in the coming weeks through a bond issue to partly refinance $606 million of outstanding 13.875% notes maturing in 2028. This is a re-tap of the bonds raised in September and the instrument is likely to be priced around 10.2%, where the bond is trading.

Jungle Ventures. At $1.2 million, the median funding raised by these companies is three times the overall median of $0.4 million, it said. These founders are raising significantly more funds than those by first-time entrepreneurs, and their businesses are largely concentrated on the top-ten funded sectors, such as fintech, retail, enterprise and healthtech, said the report, titled ‘The First Cheque Report 2024’. «Despite whatever has happened as first-time founders, these people are coming back and starting a second startup. These second-time founders are still pursuing their ventures instead of going back to corporate jobs and are raising money,” Jungle Ventures founding partner Amit Anand said.

According to data from primeinfobase.com, the value of the portfolios of Radhakishan Damani, Rakesh Jhunjhunwala's family, Ashish Dhawan and Nemish Shah, among others, fell amid the 10% decline in the Nifty since Sept 27.

small-cap stocks appear to have held up better in the recent risk-off sentiment than on other similar occasions in the past. An ET study comparing the current selloff with some previous ones showed that the number of stocks that fell over 30% amid the current 10% decline in the Nifty since September 27 is lower than in earlier instances. The study compared how many stocks fell by what extent whenever the benchmark indices fell at least 10% from their highs. In the past decade, the Nifty has fallen at least 10% from its highs on at least six occasions (including the current one). In most of these instances, more mid-cap and small-cap stocks have fallen at least 30% than in the ongoing declines.

Axis Bank and Krishna Institute of Medical Sciences (KIMS) are among HSBC Global Research’s 12 ‘actionable’ stock ideas in Asia. “We believe Asia in 2025 will look very different from what it did in the past few years,” said HSBC’s analysts. “Mainland China is turning a corner, India is slowing, ASEAN is investing in new infrastructure, and, in North Asia, the story is all about AI and returning cash to shareholders through dividends and share buybacks.

Tata had set up the Ratan Tata Endowment Foundation and Ratan Tata Endowment Trust in his last years, to bequeath a significant portion of his assets. People close to the recently-deceased industrialist said his wish was that the two organisations continue philanthropy. Senior lawyer Darius Khambata and Tata Sons chairman N Chandrasekaran are among those seen as most likely to be part of the foundation, as Tata had expressed a desire to include them on the board, the people said.

Adani Green Energy, India's largest private sector renewable power company, on Wednesday raised $600 million through a 20-year bond, sources close to the development told ET. This issue comes a month after the group postponed a $1.2-billion bond offering as some investors differed over pricing of the instruments. ET reported on Monday the company would be raising $600 million through a bond issuance.

Subscribe to enjoy similar stories. A perceived small change by the market regulator to strengthen the index derivatives framework may have a larger-than-anticipated impact on option trading volumes when it is applied on Thursday for the first time at the expiry of the weekly Nifty options contracts, market experts said.

U.S.-China Economic and Security Review Commission has raised alarms about China's military capabilities, suggesting that the nation poses a significant threat to US interests in the Indo-Pacific region. The comprehensive 793-page document, which draws from both classified and unclassified sources, indicates that China's military might now has the potential to outmatch U.S. forces in a future regional conflict. The report highlights that Beijing's military expansion over the past two decades has focused on developing a formidable arsenal of missiles, ships, aircraft, and advanced systems designed for potential conflicts in the Indo-Pacific. «It warns that, as result, US. forces and bases in the region would face a significant threat from the [People’s Liberation Army] in any regional contingency involving treaty allies and/or security partners, and the outcome of any such conflict is far from certain.» Despite the evident military advancements, the report notes that while China is bolstering its military readiness, it does not currently believe that an armed conflict is imminent. “There is ample evidence that China’s armed forces are enhancing their general military preparedness, but little evidence they are mobilizing for an imminent conflict at this time,” the report states.

Netflix has renewed "A Good Girl’s Guide to Murder" for a second season. Emma Myers of 'Wednesday' will play pivotal role, as per a report. «A Good Girl’s Guide to Murder» is loosely based on Holly Jackson’s popular YA novel. There will be six episodes in «A Good Girl’s Guide to Murder». The series will focus on murders in a tiny village England, according to hollywoodreporter. Meanwhile, «Zero Day», an upcoming drama series starring Hollywood veteran Robert De Niro, will make its debut on Netflix on February 20. According to entertainment news outlet Variety, the six-episode show marks the first regular television role for De Niro, who plays the role of former US President George Mullen.

Brazil's President Luiz Inácio Lula da Silva has welcomed China’s President Xi Jinping for a state visit at the Alvorada Palace in Brasilia, in the latest sign of deepening ties between the two countries that analysts say may accelerate as Donald Trump...

We are now on day six of the nationwide mail strike, after year-long negotiations between Canada Post and the Canadian Union of Postal Workers (CUPW) failed last week and 55,000 postal workers hit the picket lines — just ahead of Black Friday and the busy holiday season. Here’s the latest on the ongoing talks and the strike’s impact on Canada Post customers.