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In a blog post, the ECB is at pains to debunk a number of myths about the role of a future digital euro, insisting that the new digital currency would be designed from the outset to preserve the economic function of commercial banks. It achieves this by placing strict limits on individual digital euro holdings and restricting merchants from hoarding digital euros processed at the checkout. Nor would the digital euro accrue interest - a feature which former Bank of England economist Andy Haldane has called out as "stealth tax scandal". Users would be able to seamlessly link their digital euro account to a payment account with their bank, says the ECB, enabling a 'reverse waterfall' mechanism.

NEW DELHI : Bosch Ltd is looking to boost investments in R&D and increasing local production of components such as hub motors used in electric two-wheelers (e2w), a top company official said, as adoption of green mobility widens in the world’s fifth-largest economy. The local arm of Germany’s Bosch GmbH also aims to expand its research and development efforts for passenger car electrification in India. “We are looking at continued investments in the passenger car segment.

In the swirling vortex of cryptocurrency forecasts, the prediction by “Rich Dad Poor Dad” author Robert Kiyosaki that Bitcoin will soar to $100,000 by June 2024 captures both imagination and skepticism in equal measure.

climate tax targeting tourists who flock to the Aloha State. If approved, the tax revenue would go towards safeguarding beaches and mitigating the risk of wildfires, providing vital support for environmental conservation efforts across the state, as per a report. Hawaii's proposal to implement a tourist tax aligns with similar measures taken by other popular destinations worldwide. Countries such as Greece, Italy's Venice, the Galapagos Islands in Ecuador, Palau, and New Zealand have all enacted similar fees aimed at tourists, with charges ranging from $1 to $100. This approach reflects a growing trend among tourist hotspots to address the environmental and infrastructural strains caused by large numbers of visitors, according to New York Post report.

On February 19, 2024, PNB MetLife India Insurance Company introduced the PMLI Small Cap Fund, a fresh addition to its Unit Linked Insurance Plan (ULIP) category. This newly launched fund presents policyholders with the prospect of accumulating wealth throughout the policy's duration by engaging in a varied equity portfolio, with a specific emphasis on small-cap enterprises. The unit price for this new fund is set at ₹10 during the new fund offer (NFO) period, spanning from February 19, 2024, to February 29, 2024.

₹10,000 crore, and an expected compensation from engine manufacturer Pratt & Whitney for faulty engines. The legal dispute with Credit Suisse traces back to November 2011 when SpiceJet, then under the ownership of Kalanithi Maran, entered into a 10-year aircraft servicing agreement with SR Technics, a Swiss company providing maintenance, repair and overhaul services for aircraft.

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₹708.69 crore from ₹576.41 crore for the next two years to enhance natural rubber production and productivity as well as reduce import dependency in the years to come, a senior official said on Monday. Under the scheme, the Rubber Board provides subsidies for new planting and replanting (of senile plantations) to growers. According to commerce ministry additional secretary Amardeep Singh Bhatia, the funds will be used for supporting the plantation of rubber, generation of planting material, productivity enhancement, formation of rubber producers' societies, and rubber research and training.

NEW DELHI : The Supreme Court came down heavily on SpiceJet for failing to clear its outstanding dues to Credit Suisse and ordered the low-cost airline to settle all pending payments by 15 March. The court on Monday directed SpiceJet to pay $1.25 million to Credit Suisse, along with monthly installments. Additionally, SpiceJet’s chairman and managing director, Ajay Singh, has been summoned to appear before the court on 22 March.

₹1230 per share, representing a 7.6 percent discount from Monday's closing price, with plans to finalize the transaction by Wednesday. Also read: JSW Steel eyes stake worth $1 bn in Australia’s Blackwater coal mine The company aims to reduce its debt burden, as indicated in a U.S filing from November. Goldman Sachs is providing advisory services for the deal, as per the term sheet disclosed.

Best Split ACs for approaching summer: Top 10 options for your home 1. Whirlpool 1.5 Ton 3 Star Flexicool Inverter Split AC The Whirlpool 1.5 Ton 3 Star Flexicool Inverter Split AC offers efficient cooling with its Intellisense inverter compressor and 4-in-1 convertible cooling modes. It has a 100% copper condenser coil for better cooling and low maintenance.

Mumbai Metropolis Metaverse which will offer an immersive virtual representation of Mumbai. In this 3D map, the government aims to give the people an idea of how Mumbai (MMR) will look in the coming years and the sort of new amenities the city is going to provide to the Mumbaikars.

Following two days of consecutive gains toward the end of last week, crude oil has begun the new week on a downward trajectory. Early in European trading, when this report was written, oil prices were showing a decline of about half a percent.

Balrampur Chini Mills Limited (BCML), a leading integrated sugar mill company on Monday announced a Rs 2000 crore forward integration project which will be the first-ever "industrial bioplastic" plant in India. The Kolkata-based company said this diversification with its upcoming PLA (Polylactic Acid) manufacturing venture is well-aligned with the sustainability goals envisioned in India, to combat climate change. «The new project aims to propel India towards net zero emissions by 2070 with an estimated investment of Rs 2,000 crore in phases over the next 30 months,» Balrampur Chini Executive Director Avantika Saraogi said. «Expected to be completed within 30 months, the new venture will mark the establishment of the first-ever industrial bioplastic plant in India. The state-of-the-art PLA factory will command a whopping capacity at a global scale of 75'000 tonne per annum,» the company said.

Tamil Nadu government in its Budget has said it will incentivise the creation of high paying jobs in new GCCs by providing a payroll subsidy. The move is being lauded by industry watchers and experts as one that could potentially bolster Tamil Nadu to narrow the gap with other GCC hubs like Bengaluru and Hyderabad. «I see this to be a brilliant move to bring the spotlight back on Tamil Nadu which has the unique distinction of having deep technology and domain talent across industries such as manufacturing, automotive, financial services and healthcare,» Ramkumar Ramamoorthy, Partner at Catalincs, a growth advisory firm told ET.

Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) has entered into a long-term supply agreement for Liquefied Natural Gas (LNG) with Equinor, an international energy company headquartered in Norway. Equinor, erstwhile Statoil, will annually supply up to 0.65 million tonnes to DFPCL over a period of 15 years, beginning in 2026. The tie-up provides room for trading some LNG parcels in the growing LNG demands in India as well as accommodating DFPCL’s growing captive needs, the companies said. The LNG will be delivered to the west coast of India. DFPCL is at an advanced stage of tying up the re-gasification terminal with the gas pipeline grid connectivity to its plant's doorstep already in place.

In particular, many investors are turning their attention to meme coins again, with a specific focus on identifying which meme coins Binance might list next. A Binance listing is an event that causes your investment to explode by over 50x, as evidenced by its 2023 listings on $PEPE and $BONK.

Also read:Best 1.5 ton window ACs for your home in 2024: Top 7 picks 1. Voltas 1 Ton 3 Star Inverter Split AC The Voltas 1 Ton 3 Star Inverter Split AC is a versatile and energy-efficient cooling solution for small rooms. It features a variable speed compressor for efficient cooling, with 4 adjustable modes to suit different cooling needs.

Mumbai (Maharashtra) [India], February 19: The 11th edition of IBEX INDIA, the country’s comprehensive International Trade Fair and Conference for BFSI & Fintech Sector, will be organised from 21 - 23 February 2024 at Jio World Convention Centre, Mumbai, India. The Indian BFSI sector has been constantly innovating and embracing cutting-edge technologies to enhance operational efficiency, customer experience, and security.

₹24,000 crore, with ₹11,000 crore being the entitlement, but the Centre insisted on withdrawal of the suit for even considering this amount. He said while all states in India had been receiving ₹5,000 crore for power sector reforms, Kerala was denied this allocation due to the lawsuit. Sibal said Kerala was over-borrowing due to investments in education and health, but the state was penalized for its growth in human development indices.

When the world’s most valuable lithium company last year announced plans for a $1.3 billion plant in South Carolina, local officials hailed it as transformative for the Palmetto State. The high-tech project from Charlotte, N.C.-based Albemarle was designed to process different sources of lithium, including from recycled batteries, and serve as a supplier of the critical mineral for South Carolina’s burgeoning electric-vehicle industry. Less than a year later, those plans have been hobbled by a crash in battery metal prices, undercut by a slowdown in electric-vehicle sales growth in the U.S.