RAI Financial News

Rajnath Singh is likely to meet his Chinese counterpart Dong Jun at an event in Laos next week. Following the border patrolling agreement with China that led to disengagement of troops in eastern Ladakh, Singh-Dong meeting would be the first high-level engagement between the two countries. Singh will visit Laos to attend ASEAN Defence Ministers Meeting Plus (ADMM Plus), where he is likely to meet his outgoing US counterpart as well. Sources said while the meeting with Dong has not been finalised yet, the interaction could take place on the sidelines of the two-day event.

Murugappa Group has signed a deal to acquire German specialty chemicals firm Hubergroup for an enterprise value of $310 million, a move that will help it expand in the global print and packaging sector. The acquisition was finalised this week and will see Murugappa, along with investment firm Avenue Capital Group, take full ownership of Hubergroup from Cornelius Treuhand Holding, pending regulatory approval. The transaction includes $160 million to refinance Hubergroup's debt and a $150-million equity infusion from Murugappa besides working capital, according to sources familiar with the matter.

frugal innovation and it can use the millennium-old Vedic wisdom to build the frugal economy that truly benefits people, society and the planet, Navi Radjou, management thinker and author of 'The Frugal Economy' said at the event. «Let's apply the three Dharmic principles of cooperation, distribution and regeneration to achieve both Atmanirbhar Bharat (self-reliant India) and Viksit Bharat (developed India),» he said. The Puducherry-born author said that Indians need to bravely stretch the limits of imagination to develop the country.

«Under the existing guidelines of SDRF/ NDRF, there is no provision to declare any calamity as 'National Disaster',» Minister of State for Home Affairs Nityanand Rai said in a letter dated November 10. SDRF and NDRF refers to State Disaster Response Fund and National Disaster Response Fund, respectively.

Jharkhand Assembly elections, with Aquil Akhtar of Samajwadi Party emerging as the wealthiest, declaring assets exceeding Rs 400 crore, according to a report by the Association for Democratic Reforms (ADR) released on Thursday. The Jharkhand Election Watch and ADR analysed the self-sworn affidavits of 522 out of 528 candidates in 38 constituencies for the second phase of the elections, scheduled for November 20. Of the 522 candidates, 127 (24 per cent) are crorepatis, while 148 (28 per cent) have declared criminal cases against themselves, the report said. «The role of money power in our elections is evident from the fact that all major political parties field wealthy candidates,» the report stated.

Hynniewtrep National Liberation Council (HNLC) was on Thursday declared banned by the government for five years for its involvement in violent incidents and for carrying out activities prejudicial to India's sovereignty and integrity. In a notification, the Union Home Ministry said the Central government is of the opinion that the HNLC has declared objective for secession of areas in the Meghalaya, largely inhabited by Khasi and Jaintia tribes, and continued intimidation and bullying of the civilian population to extort funds for their organisation. It said the group is also maintaining links with other insurgent groups of the northeastern region for carrying out extortion and intimidation and indulging in 48 criminal cases, including that of explosion or planting of explosives in Meghalaya, from November 2019 to June 2024. During this period, 73 cadres of the outfit were also arrested by the security forces.

Uttar Pradesh government, which has been receiving flak from various quarters over «bulldozer action», Wednesday hailed the verdict. The Yogi Adityanath-led govt on the matter said it will help curb organised crime and instil a fear of legal consequences among criminals. The opposition parties hoped that with this verdict, the «bulldozer terror» and «jungle raj» in the state would end. Previously, the Supreme Court laid down pan-India guidelines over the demolition issue and said no property should be demolished without a prior show cause notice and the affected must be given 15 days to respond.

Prime Video is set to bring popular video game worlds to life through an animated series titled Secret Level. The star-studded series premieres on December 10, with episodes released until December 17.

Allan Lichtman attributed his miscalculation to two main factors which were the prevalence of disinformation and the darker aspects of US history such as racism and xenophobia. DailyBeast reported that he severely criticized the conservative media which included Fox News and Elon Musk's influence through X (formerly known as Twitter) for spreading misinformation that shaped voter perceptions on critical issues. Also Read: Despite being battered by Republicans, pollster Nate Silver sees hidden good news for Democrats from US election results; here's why

Landman, on November 17, 2024. The show will offer a detailed look into the Texas oil industry.

Trump will not be a member of his father's administration, he is joining a venture capital firm. Donald Trump Jr. told a crowd of a few hundred donors Sunday that he was joining 1789 Capital, a firm whose investments include Tucker Carlson's media company. Trump was speaking at a conference held by the Rockbridge Network, a network, cofounded by Vice President-elect JD Vance, of tech-friendly Republican donors who are supportive of Trump. Chris Buskirk, the leader of Rockbridge, asked the younger Trump on Sunday evening if he had plans to join his father's administration. He responded that he would be joining as a partner at 1789 Capital, according to two people with knowledge of his remarks.

Delhi's air quality has stayed in the 'very poor' range for 15 consecutive days, according to the Central Pollution Control Board (CPCB) on Wednesday. As per CPCB data, the Air Quality Index (AQI) in several areas of Delhi continues to be critical. Anand Vihar recorded an AQI of 395, ITO was at 374, and Jahangirpuri measured 384, all falling within the 'very poor' category as of 7:30 AM.

Qatar named Mohammed Al Sowaidi as the chief executive officer of its $510 billion sovereign wealth fund, which is set to acquire even more financial firepower in coming years. Al Suwaidi, who joined the fund in 2010, was most recently chief investment officer for QIA in the Americas region and helped establish a US office. He replaces Mansoor Al Mahmoud, who's led the entity since 2018 — longer than a typical four-year term. The QIA is the world's eighth-largest sovereign fund with around $510 billion in assets under management, according to consultancy Global SWF. It was founded in 2005 to handle the country's revenue from liquefied natural gas, of which Qatar is one of the biggest exporters.

dermatology, even as sales volume dipped year-on-year, data from market research firm Pharmarack showed. «Majority of the therapies are showing a positive growth, though unit growth continues to be a challenge for the current month (November),» said Sheetal Sapale, vice president-commercial, Pharmarack. The growth is driven price and new introductions while most therapies have seen a drop in volumes, she said.

Mamata Banerjee on Tuesday announced that the state government will reconstitute the 16 development boards under the Gorkhaland Territorial Administration (GTA) within the next one-and-half-month and will form of a special monitoring cell to screen the functioning of the various boards in the hills. The decision was taken after a meeting convened by the Chief Minister with the Gorkhaland Territorial Administration (GTA) officials, including the GTA chief executive Anit Thapa. “The development boards in the hills will be reorganized within the next couple of months for the purpose of smooth functioning. Anit Thapa will be chairman of the monitoring cell. District Magistrates of Darjeeling and Kurseong will be part of the team,” Chief Minister told the media after the meeting.

The two sides had started coordinated patrols in the first week of the month after completing disengagement in both Demchok and Depsang in the last week of October. The two sides have agreed to carry out one patrol each by both sides every week in Depsang and Demchok. In each area, one patrol would be carried out by Indian troops and one patrol would be done by the Chinese troops, defence sources told ANI.

Ajit Pawar on Tuesday supported Prime Minister Narendra Modi's 'ek hai to safe hai' slogan, but opposed Yogi Adityanath's refrain 'batenge to katenge', terming it alien to Maharashtra's ideological heritage. Speaking to PTI amid the campaign for the November 20 state assembly elections, he also claimed that his nephew and now rival candidate Yugendra Pawar is not interested in politics, and does not even like to stay in Baramati. Supporting Prime Minister Narendra Modi's campaign slogan of «ek hai to safe hai', he said India will be safe if it remained united. »There is nothing wrong with that (slogan), I don't see any issue here. If we stay together, everyone will prosper," he added.

A young Afghan student, who has lived in India for seven years and completed his doctorate from South Asia University on an MEA scholarship, has agreed to serve as a diplomat at the Afghan Consulate. Over the past three years, most of the Afghan diplomatic staff in India have left, seeking refuge in various Western nations, leaving behind a significant gap in consular services.

Infibeam Avenues, which runs payment gateway CCAvenue, reported a total operational revenue of Rs 1,016 crore in the September quarter of FY24, up almost 30% from Rs 787 crore a year ago. Its net profit for the quarter stood at Rs 47.4 crore, up 16.7% from Rs 40.6 crore a year earlier. While the company saw its operational revenue grow steadily, its expenses shot up too. In the second quarter of the current fiscal, Infibeam Avenues reported total expenses of Rs 957 crore, up 30% from Rs 734 crore. A major chunk of the company’s expenses are operational expenses, part of which is a payment processing charge which it needs to pay banks for settling transactions generated via the CCAvenue gateway.

casual gaming studio Funstop Games on Tuesday said it has raised $5 million in its Series A funding, in a round led by 360 ONE Asset alongside InfoEdge Ventures, which has doubled down on its previous round. “Our decision to double down on our investment in Funstop Games reflects our confidence in the founders and their continued ability to churn out viral titles even as they have transitioned to a self-publishing model," Chinmaya Sharma, Partner, InfoEdge Ventures said in a statement. «We are excited to see the adoption of Funstop’s games not just by Indians in India but by the larger Indian diaspora overseas as well.” The company said the funds will be used to ramp up Funstop’s game development efforts, build its ad-tech capabilities, and grow its portfolio of games. This is in line with its vision of expanding its presence in the casual gaming sector and creating new titles.