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Replying to the debate on the bill, Oil Minister Hardeep Singh Puri said that the oil and gas sector involves high investment and long gestation period. «We need oil and gas sector 20 more years. We need to bring this legislation here to provide a win-win confidence not only to our own operators but also to foreign investors so that they can come and do business here with view to benefit everyone,» Puri said.

Subscribe to enjoy similar stories. If you don’t have a finance background, it can be difficult to invest on your own. Most retail investors take the help of a knowledgeable friend or turn to YouTube to understand the basics of investing.

Dharavi Redevelopment Project (DRP) has embraced cutting-edge technologies to survey and document Asia's largest slum, officials said. Drones and remote sensing technology Light Detection and Ranging (LiDAR) are being used to map the 620 acres densely populated Dharavi slums. This is to ensure accuracy, transparency, and efficiency in a redevelopment project of this scale and complexity. The Dharavi Redevelopment Project Pvt Ltd, in which the Adani Group holds an 80 per cent stake along with the state government, plans to turn 620 acres of prime land, about three-quarters of the size of New York's Central Park, into a glitzy urban hub. About 7 lakh living in rickety shanties with open sewers and shared toilets in the densely populated slums, close to Mumbai's international airport, are to be given flats up to 350 square feet free of cost.

In September, Hunter Biden pleaded guilty to federal tax charges in federal court in Los Angeles and was due to be sentenced December 16 under Mark C. Scarsi, a judge nominated by Republican President-elect Donald Trump. This renewed interest in pardoning authority highlights how it differs between the US and India.

The meeting decided to extend relief assistance to the rain-hit people in Villupuram, Kallakurichi, Thiruvannamalai, Cuddalore, Dharmapuri and Krishnagiri districts, and extend Rs 5 lakh as compensation each to the families who lost their kin due to cyclone or floods. The government has decided to provide Rs 10,000 as compensation for damaged huts, give priority to construct houses under the Kalaignar Kanavu Illam (housing scheme) for completely damaged huts, provide Rs 17,000 per hectare relief for rain-damaged paddy crops, including irrigated crops to farmers, and Rs 22,500 per hectare for perennial crops and trees damaged.

Subscribe to enjoy similar stories. Quant Mutual Fund confirmed it has appointed a new chief executive in an effort to decouple the CEO and CIO (chief investment officer) functions currently held by founder Sandeep Tandon. The new chief executive, who is set to join in April 2025, is a mutual fund industry outsider – from a global financial conglomerate – according to a source.

Best 5 litre geysers: Top 8 efficient picks from Bajaj, Crompton and other leading brands to keep you warm this winterHavells is synonymous with innovation and premium build quality. Known for combining aesthetics with performance, Havells offers a diverse range of water heaters designed to cater to modern households.Key highlights of Havells geysers:Popular models:Price range:Havells geysers generally fall into the mid to premium price category, making them ideal for those seeking long-term value.Also read: Best 15 litre geyser: Top 10 picks from Havells, V-Guard, AO Smith, Bajaj, Hindware for versatile and quick heatingCrompton is a household name in India, known for providing reliable and durable appliances.

Subscribe to enjoy similar stories. NEW DELHI : Vodafone Idea Ltd’s revenue market share declined to an all-time low of 14.5% for the quarter ended 30 September 2024, as it lost share in all circles despite having reported revenue growth for consistent quarters. Market leaders Reliance Jio Infocomm Ltd and Bharti Airtel Ltd gained at the expense of the country's No.

Best phones under ₹20,000 in December 2024: With new phones launching every month, it can be hard to keep a track of all the devices available in a price range. In order to help you select the right phone, we have compiled the list of top mobiles one can choose under a budget of ₹20,000.iQOO Z9 is powered by the MediaTek Dimensity 7200 octa-core processor. It features a 6.67-inch AMOLED display with a 120Hz refresh rate, offering vibrant colors and fluid visuals.

Shadowfax Technologies, a provider of e-commerce express parcels and value-added services (VAS), has announced that it has become profitable in both Adjusted PAT and EBITDA for the financial year, with revenue growing 33% year-on-year, from Rs 1,415.1 crore in FY23 to Rs 1,884.8 crore in FY24. EBITDA improved significantly, shifting from a loss of Rs 113.5 crore in FY23 to a profit of Rs 11.4 crore in FY24, while Adjusted PAT moved from a loss of Rs 123.8 crore to a profit of Rs 2 crore. Shadowfax has further diversified its revenue streams, with the majority share now coming from value-added services (VAS). These services include Prime solutions (Same Day and Next Day delivery), Reverse Logistics, Hand-to-Hand Exchange, and the rapidly expanding Quick Commerce (10-minute delivery). Over the past few years, Shadowfax has accelerated its investments in the middle-mile network, exceeding Rs 200 crore to automate its 40 sort centers, which now span over 1 million square feet. On the technology front, key innovations such as Shadowfax Maps for enhanced delivery accuracy and Shadowfax Shield for fraud detection have significantly boosted operational efficiency, driving this financial success.

“I was pretty dismayed by the IT being deployed in this industry. It was minimal a decade back,” said Vinnie Mehta, General Secretary of the Automotive Components Manufacturing Association of India (ACMA). “Then came the pandemic, and the entire industry transformed itself, and that was something wonderful to have happened,” Mehta added. Mehta said that everyone jumped onto the IT bandwagon in the industry almost overnight, to the point that ERP systems have now become integral to managing the entire value chain. “It is only fitting, given the fact that the whole automotive value chain contributes to around 7% of India’s GDP, and the auto component industry is half of that. Today, it is hard to envisage a manufacturing value chain without the ERP systems,” he said.

GST rate of 18% on life and health insurance policies. After union minister Nitin Gadkari raised this issue, the people started hoping for the rate cut to become a reality as it was taken for consideration by the GST council. However, despite several meetings in the past the GST council is yet to take a final call on this issue. The issue is likely to be taken up again in the next GST council meeting on December 21. However, the question remains how likely a reduction is and whether it will really benefit the policyholders. Government gets a significant revenue from GST on insurance policies. The government has answered in Lok Sabha that more than Rs 16,000 crores was collected by levying Goods and Services Tax (GST) on health and life insurance policies issued through FY 2023-24. It will not be an easy decision to forego such a big source of revenue. Considering this new information and also the public demand for lower GST rates on health and life insurance, a significant rate cut appears a challenging task for government. Moreover, insurance companies are facing a challenge if such a reduction will actually help them in lowering their costs. They want assurances from the government that if the GST rate is lowered, the companies would still be able to claim input tax credit on the insurance policies sold. If the government does not assure this then it will add a cost component for them which is going to increase insurance premiums instead of decreasing.

Cyclone Fengal wreaks havoc across many districts of Tamil Nadu, Chief Minister MK Stalin has announced Rs 5 lakh ex-gratia for the families of seven people who lost their lives in a landslide due to heavy downpour in Thiruvannamalai district. «I express my deepest condolences and sympathy to the families of those who died in this accident and have ordered that each of the families of the deceased be provided with Rs. 5 lakhs each from the Chief Minister's General Relief Fund,» Tamil Nadu Chief Minister MK Stalin said in a press release. This comes after seven people including five children were trapped under the ground in a landslide in Thiruvannamalai. According to the press release, the deceased have been identified as Rajkumar and his wife Meena (27). The family was residing on 11th Street in VOC Nagar.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Nifty 50 Share Price Today Live Updates: At current prices Nifty 50, faces the below Resistance and Support levels As of the last recorded day, the Nifty 50 closed at 24131.1. This figure indicates the index's performance and reflects investor sentiment and market trends at that time.

But compute is awfully expensive. For a country like India, which needs scale and cheaper compute, the cost is only going to get increasingly higher, making it inaccessible to large sections. Open Cloud Compute (OCC), an initiative of People+AI is looking to solve this very issue. It is founded by EkStep Foundation, which Infosys cofounder Nandan Nilekani started in 2015 and is trying to offer an alternative for larger players by creating a network of micro data centres.

Blackstone and Carlyle are competing to acquire a majority stake in Texas-headquartered healthcare BPO Access Healthcare, said people aware of the development. Hillhouse Investment, which narrowly missed out to EQT on a similar US-centric firm GeBBS in September, is also making a strong bid. All these firms are due to submit non-binding offers by the middle of December for a 60-70% stake in the company, valuing it at $1.4-1.5 billion. The quantum of the stake sale is expected to be decided over subsequent rounds of negotiations, said the people cited. Set up in 2012 by Anurag Jain, an Indian-origin serial entrepreneur and venture capitalist, privately held Access Healthcare has 20 global delivery centres in nine cities in India, the Philippines, and the US.

The small business loan program the federal government rolled out during the COVID-19 pandemic wasn’t managed with “due regard for value for money,” auditor general Karen Hogan said Monday.

Tired of thinking about what gifts to get everyone this year

Economists from the Bank of Baroda, ICICI Bank, HSBC and Standard Chartered now expect a CRR cut later this week as the Reserve Bank of India (RBI) would rely on the CRR lever, instead of the policy rates, to support growth through liquidity injection. CRR refers to the cash lenders must set aside as part of prudential norms. These funds, kept with the RBI, don't earn any interest. The pressure on the rupee, lower government cash balance and foreign portfolio (FPI) outflows have combined to cast a shadow on growth, although concerns over inflations haven't yet receded.

Parents who want to help jumpstart their kid's credit score and credit history can take one fairly easy step, money experts say: Add your child as an authorized user to your credit card account.

If you're an employee contributing to the provident fund, your employer might be allocating a portion of it each month to the employee pension scheme (EPS). Many employees often wonder how this scheme works and whether they can access this portion before reaching the retirement age.