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Vedanta Ltd acquire Konkola Copper Mines from parent Vedanta Resources Ltd, which has regained control of one of the world’s largest copper mines from the Zambian government. After Agarwal, the Vedanta Group chair, in an uncharacteristic move, shared his views, many proxy advisory firms and investors raised questions on the group’s intention to potentially use the proposed transaction to repay its rising debt.

In the end, the 2023 G20 Leaders Summit was over almost before it started. Halfway through Day 1, Indian negotiators had hammered out a consensus on the Leaders’ Declaration that, in the words of India’s G20 Sherpa, had “absolutely no dissent, no footnotes, no chair summaries." It was that rare example of a well-achieved global consensus. With 112 outcomes and presidency documents, India’s was arguably also the most productive G20 presidency, having more than tripled the substantive output of previous presidencies.

Mining baron Anil Agarwal on Tuesday said the Konkola Copper Mines, which returned to his London-based firm Vedanta Resources last week, can be moved to the group's India-listed firm Vedanta Ltd «at the right valuation». Last week, Zambia agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, which is the parent firm of Mumbai-listed Vedanta Ltd. The Zambian government, which owns a 20 per cent stake in KCM, will allow Vedanta to resume control and operate KCM's mines and smelter after the company renewed a pledge to invest more than USD 1.2 billion to increase output and repay outstanding debts. «Going forward, my thought is that we must maximize synergies between KCM and Vedanta Ltd's refining/smelter businesses in UAE & India,» Agarwal said in a post on X.

VLADIVOSTOK, Russia (Reuters) -Russian President Vladimir Putin on Tuesday praised the central bank for keeping a lid on inflation with double-digit interest rates and said there were no insurmountable challenges when it came to limiting the rouble's volatility.

North Korea, Russia, and China on one side against South Korea, Japan, and the United States. In case North Korea chooses to supply arms to Russia, the already heavy Western sanctions against the country can intensify. The experts claim that Russia has everything, the troubled North Korean economy demands.

Wordle is back with yet another challenge for you. Wordle was created by Josh Wardle and has attracted users all across the globe. Later on, It was bought by The New York Times for six figures.

«L&T is focused on enhancing its Return on Equity (RoE). In fact, one of the core objectives of the company’s five-year strategic plan Lakshya 2026 is to maximize shareholder value through improved RoE,» said R.

The former CEO of Alibaba has resigned as head of its cloud computing business in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle

The cancer drug Gleevec went generic in 2016 and can be bought today for as little as $55 a month. But many patients’ insurance plans are paying more than 100 times that. CVS Health and Cigna can charge $6,600 a month or more for Gleevec prescriptions, a Wall Street Journal analysis of pricing data found.

Retirement is a phase in our life that many of us look forward to with great expectations. It’s the time when we hope to enjoy the fruits of our hard work. Most of us want to travel, pursue hobbies, and spend quality time. However, it becomes challenging when our retirement funds fall short of our expectations. With rising living costs, it is crucial to find solutions for a financially-safe retirement.

The more & less approach to spending well Finally, I had my epiphany after listening to US personal finance blogger Ramit Sethi. He introduces a unique view on spending. Instead of taking a simplistic ‘don’t spend money on expensive things’ view, he advocates a nuanced approach to spending.

By Abhinav Mital

G20 leaders on Saturday asked the financial institutions to leverage private capital through innovative financing models and new partnerships to make maximum development impact.It also endorsed the roadmap for implementing the recommendations of the G20 Independent Review of MDBs Capital Adequacy Frameworks (CAFs) and called for its ambitious implementation, within MDBs' own governance frameworks while safeguarding their long-term financial sustainability, robust credit ratings and preferred creditor status.. «We also call for a regular review of the progress of implementation on a rolling basis including through engaging with MDBs, subject experts and shareholders. We commend the MDBs for their progress in implementing the CAF recommendations, especially with respect to adapting definitions of risk appetite and financial innovation,» the G20 New Delhi Leaders' Declaration said.Also Read: G20 Summit News Updates: India announces mega rail, port connectivity deal with US, UAE, Saudi Arabia Committing to pursue reforms for better, bigger and more effective MDBs to address global challenges to maximise developmental impact, G20 leaders urged these institutions to undertake comprehensive efforts to evolve their vision, incentive structures, operational approaches and financial capacities so that they are better equipped to maximize their impact in addressing a wide range of global challenges.

Canada has announced a new batch of intakes for its Parents and Grandparents Sponsorship scheme. Commencing from October 10, 2023, the Immigration, Refugees and Citizenship Canada (IRCC) will initiate the process of sending out invitations to apply to a total of 24,200 potential sponsors. The IRCC will accept a maximum of 15,000 complete applications for the Parents and Grandparents Sponsorship program in the year 2023. The immigration agency also said that these invitations will be dispatched over a two-week period, commencing on the same date, October 10, 2023. A notable change in the process is that instead of opening a new interest to sponsor form, the IRCC will be sending these invitations to apply to randomly selected potential sponsors from the pool of submissions dating back to the year 2020. This approach aims to streamline the application process and maximize the utilization of existing submissions. To be eligible to sponsor your parents and grandparents for Canadian permanent residency (PR), you must be:

ALSO READ: G20 Summit: EU expresses concern over draft joint communique on Ukraine issue “I don’t know if this is possible or not to have an agreement on a final communique, we will see. But we will defend our principles and will also support the efforts made by India," HT quoted Michel as saying when asked about the possibility of the Ukraine crisis holding up a leaders’ declaration.

HCL Technologies share price today touched 52-week high after following the signing of a multiyear Managed Public Cloud Services agreement with German technology and high-tech industry behemoth Siemens AG. HCL Technologies share price closed at ₹1,255 apiece on BSE, 1.56% higher.

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5 September. Education Minister Dharmendra Pradhan had constituted three separate independent national juries of eminent persons to select the teachers. Each awardee will receive a certificate of merit, a cash prize of ₹50,000, a silver medal, and an opportunity to interact with Prime Minister Narendra Modi.

low-irrigation areas to rejuvenate degraded land, enhance livelihood as well as explore the scope of biofuel production, Union Minister Giriraj Singh has said. The minister for rural development also told PTI that a pilot project for planting spineless cactus is being implemented at present around the ISKCON cowshed in Rajasthan's Hingonia, where the biomass of cacti will be used to produce biogas at a nearby Compressed Bio Gas (CBG) plant. India has around 30 per cent of its geographical area under the category of degraded land, according to government data. «We have been focusing on treating degraded land, and cactus is a plant that can grow with very little irrigation.