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COP28 President Sultan Al Jaber defended his role in hosting this year's UN climate summit and insisted he understood and respected the science of climate change. He was responding to a December 3 report in the Guardian newspaper on comments he made last month on the phase-out of fossil fuels that have sparked criticism at COP28. The Guardian story had quoted Al Jaber saying during a November 21 online event that "there is no science out there, or no scenario out there, that says that the phase-out of fossil fuel is what's going to achieve 1.5C".

Also Read: Stock Market Today: Nifty 50, Sensex clock robust gains; investors richer by about ₹6 lakh crore in a day Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, commented on the momentum, stating, “The Bank Nifty bulls made a strong comeback, surpassing the all-time high levels and dispelling the bearish sentiment. The momentum is anticipated to persist, with robust support identified at the 46000–45800 zone, serving as a cushion for the bulls.

DP World, a global leader in trade and logistics, has set its sights on nurturing a vibrant entrepreneurial ecosystem, bringing together innovation, opportunity, and access to a vast network of industry players. This is the story of the India Business Incubator — a venture designed to redefine the rules of engagement for startups in the region «We launched the India Business Incubator with a clear vision in mind,» says Abdulla Al Hashmi, Chief Operating Officer for Parks & Zones at DP World. “The primary aim is to offer startups a supportive environment, with low starting costs, a business-friendly regulatory framework, and the flexibility to scale up as their business grows,” said Hashmi. The incubator, strategically based in Dubai's Jebel Ali Free Zone (Jafza), operates as a part of the larger Jafza network, providing access to industry events and a valuable community of trading and logistics companies. The ultimate vision behind this initiative is to create a thriving ecosystem where Indian startups can scale up, gain a competitive edge, and successfully navigate the challenging global market. The DP World India Business Incubator stands apart in the region for two distinct reasons.

(Reuters) — U.S. stock index futures slipped on Monday, as investors turned wary ahead of a slew of economic data this week that is likely to test the narrative about a cut in interest rates by the Federal Reserve early next year.

Assembly polls that saw the BJP win three states will not impact the INDIA bloc but the opposition parties need to work harder for the Lok Sabha polls next year, opposition leaders said on Monday. The BJP swept Madhya Pradesh, Rajasthan and Chhattisgarh on Sunday, inflicting a resounding defeat on the Congress to tighten its stranglehold in the Hindi heartland, in a big boost for Prime Minister Narendra Modi and setting the tone for the 2024 Lok Sabha elections.

Animal Box Office collection Day 3: Ranbir Kapoor-starrer ‘Animal’ hit the big screens on December 1 and its collection has crossed ₹200 mark at the Indian Box Office within 3 days. According to reports of industry tracker Sacnilk the film raked in ₹201.53 crore net in India within three days of its release. On its third day that is Sunday the film collected ₹71.46 crore at the Indian box office.

Garden Reach Shipbuilders and Engineers on Monday delivered the largest survey vessel built in India, INS Sandhayak to the Indian Navy on Navy day 2023. INS Sandhayak is the first in a series of four Survey Vessels (Large) being built by GRSE. The Naval vessel was launched by on 05 December 2021. INS Sandhayak is the first of four advanced Survey Vessels (Large) or SVLs.

A survey shows most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under pressure brought by high interest rates

Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said

Billionaire vacuum cleaner tycoon James Dyson has lost a libel lawsuit against the Daily Mirror

Indian primary markets in 2023. In the initial months, we saw a muted atmosphere, but as time unfolded, so did the narratives. In recent months, the number of IPO listings has surged remarkably.

Bitcoin price has surged past the $40,000 mark for the first time since early May 2022.

Narendra Modi, of course, plays a role in this that can hardly be overstated. It’s a remarkably rare political phenomenon.

Today, markets will react to the results of four state assembly elections, where BJP has won three states. «With the results of state elections giving a big victory to BJP in three states, we expect markets to open with a gap up of at least 200-250 points on Monday. Further, the gains may be cemented and we won't be surprised to see Nifty closer to the 22,000 levels before the general elections in 2024,» said Manish Chowdhury, Head of Research, StoxBox. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 144.5 points, or 0.71 per cent, at 20,638, signaling that Dalal Street was headed for positive start on Monday.

By Brigid Riley

U.S. stocks ended higher on Friday to notch another winning week as remarks from Federal Reserve Chair Jerome Powell bolstered the view that the U.S. central bank is done with raising interest rates.

India is one of the bright spots in the global renewable and clean energy sector. Its RE portfolio is around 132 GW, with a target of 450 GW by 2030. India's energy basket is now 43% non-fossil fuel-based, which will be ramped up to 50% by 2030.

The blue chips Nifty 50 and BSE Sensex gained 2.39% and 2.29%, respectively, led by a rise in energy stocks. Faster-than-expected quarterly economic growth and acceleration in factory growth in November supported the rise in domestic equities. Here's how analysts read the market pulse: «Nifty continues to ascend as the bulls maintain control.

FPIs again made a comeback in the Indian stock markets in November and pumped in Rs 9,000 crore amid fall in US treasury bond yields and the resilience of the domestic market. Additionally, Foreign Portfolio Investors (FPIs) made a net investment of Rs 14,860 crore in the debt market last month, making it the highest level in six years, data with the depositories showed. Going forward, FPI response will be crucially determined by the market trend, which, in turn, will be influenced by the state election results, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. If the state election results turn out to be favorable for the ruling dispensation, the market will stage a rally, and overseas investors are unlikely to miss that rally by big selling, he added. According to the data, FPIs made a net investment of Rs 9,000 crore in Indian equities in November. This came after FPIs dumped Indian equities worth Rs 24,548 crore in October and Rs 14,767 crore in September.

Madhya Pradesh Assembly elections 2023: The Bharatiya Janata Party (BJP) has emerged as a dominant force in MP. The saffron party is leading in 160 of the 230 seats. This victory is significantly attributed to the implementation of the Ladli Behna Yojana by Chief Minister Shivraj Singh Chouhan.

By Nathan Layne