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Gaza, giving Arab leaders more time to try to persuade the US to let it pass. Top diplomats from countries including Egypt, Qatar and Jordan were set to meet with Secretary of State Antony Blinken in Washington later Friday amid a push for the US to abstain from voting. Given the US's status as a veto-wielding permanent member of the council, a no vote would kill the resolution.

Vedanta Resources, the London-based parent of India's oil-to-metals conglomerate Vedanta, is close to finalizing a $1.25 billion loan availed jointly from Standard Chartered Bank and Cerberus Capital Management that could help it avert a default on bonds due in January, said people aware of the matter. Standard Chartered Bank will underwrite $950 million of the $1.25 billion financing while New York-based Cerberus Capital will cover the remaining $300 million, the people said requesting anonymity. Other credit investors could join as Standard Chartered Bank is expected to distribute or «sell down» its share of the loan, they added. The loan could have a tenor of about three years with interest rate in the 'high teens', the people said. Standard Chartered Bank is in talks with Davidson Kempner, Ares Management and Varde Partners to distribute a portion of its $950 million loan commitment. Vedanta Resources confirmed to ET that it was close to finalising the financing arrangement. «We are in the process of finalising the raising of $1.25 billion for the purposes of refinancing and managing our upcoming maturities,» said a spokesperson for Vedanta Resources.

GMR Airports Infrastructure Ltd witnessed a significant shake-up in its shareholding pattern on Friday. Rajiv Jain-led US-based boutique investment manager, acquired a 4.68% stake (282.8 million shares) in the company for ₹1,671.55 crore via a block deal on the exchange. The average price per share was ₹59.09.

Mint. According to a report by the Confederation of Indian Alcoholic Beverage Companies (CIABC), the FTAs, particularly with the UK, will impact premium whisky companies in India. It said annual scotch whisky volumes has grown 40% in India from the previous year to eight million cases during January-June 2023.

This week JPMorgan Chase (JPM) CEO Jamie Dimon expressed his opposition for cryptocurrencies and bitcoin at a Senate hearing, albeit not for the first time.

A hacker who targeted the Uranium Finance DeFi platform in 2021 may have attempted to launder their stolen crypto gains by using “Magic: The Gathering” trading cards.

Digital collectibles or non-fungible tokens (NFTs) are currently experiencing a resurgence despite the ongoing bullish momentum in the broader crypto market.

Supreme Court on Friday granted bail to Pernod Ricard India regional head Benoy Babu who was arrested by the Enforcement Directorate (ED) in November last year on charges of money laundering in a case arising out of the Delhi excise policy case. Observing that it is «not proper» to keep people in pre-trial detention for «so long», a division bench headed by Justice Sanjiv Khanna granted bail to Babu. The bench also observed that there seem to be «contradictions» between the accusations levelled by the CBI and ED. The bench further noted that Babu has undergone 13 months of incarceration and the trial in the said case is yet to commence.

₹1,656 crore. TPG Capital, via its affiliate TPG Asia VII SF Pte, divested 89,07,493 shares of Five-Star Business, representing a 3.05% stake, at a rate of ₹730 per share. This transaction amounted to approximately ₹650 crore, as per bulk deals data on the National Stock Exchange.

Narendra Modi retained his position as the world's most popular leader with an approval rating of 76 per cent, as per the data released by US-based consultancy firm ‘Morning Consult’ on December 7. Mexico President Andrés Manuel López Obrador is ranked second on the list with an approval rating of 66 per cent. Alain Berset, the President of the Swiss Confederation, bagged the third spot with a 58 per cent approval rating.

Bank of India (RBI) on Friday said the Indian economy may expand 7% in the current fiscal year against its previous projection of 6.5%, taking comfort from rising rural consumption, increasing capital expenditure, and a slew of high-frequency indicators. Still, it does not expect inflation to cross its estimate of 5.4%, even as growth kicks into high gear in the world’s fifth-largest economy.

ITC Ltd is rapidly premiumizing its portfolio with an eye on aspirational shoppers, as consumer goods makers pivot to the juicier side of the retail market for higher margins. India has typically been a value market, with more consumers buying low-priced unit packs. However, over the years, rising prosperity have prompted shoppers to increasingly buy differentiated products such as fragrant body washes, value-added hair oils and organic wheat flour.

Also Read: Spotify to Lay Off 17% of Staff, Its Third Round of Job Cuts This Year Shortly after the layoffs were announced earlier this week, Spotify’s stock jumped about 8 per cent. On Tuesday, Vogel moved to sell more than $9.3 million worth of shares, according to securities filings.

Leelavathi passed away. She was 85. According to a report by the Deccan Herald, she was admitted to a private hospital in Nelamangala on the outskirts of Bengaluru. She was suffering from various ailments pertaining to old age. Upon her death, her son Vinod Raj told a leading daily, “I am now left alone. Thankfully Chief Minister Siddaramaiah and Deputy CM D K Shivakumar got her admitted to the hospital." Prime Minister Narendra Modi took to X, to mourn the late actress. Describing her as a “true icon of cinema,” he remarked that she showcased her versatility through a lot of diverse roles. “Saddened to hear about the passing of the legendary Kannada film personality Leelavathi Ji. A true icon of cinema, she graced the silver screen with her versatile acting in numerous films. Her diverse roles and remarkable talent will always be remembered and admired. My thoughts are with her family and admirers. Om Shanti,” reads his post.

Weight-inclusive health care means a focus on better health with no weight loss required. This includes practices such as eating for overall well-being rather than for the number of calories. It may also include prioritizing activities to reduce stress, avoiding smoking, drinking less alcohol and striving to be physically active in enjoyable ways.

debt of developing countries surged to 29% of GDP in 2021 from 19% in 2010. As the debt level rose, the profile of external public debt also changed. Paris falling The share of multilateral institutions and the Paris Club, which was 83% of the total external debt of 73 countries — the debt servicing of which was suspended in 2020 under the G20 Debt Service Suspension Initiative (DSSI) in 2006 — fell precipitously to 58% in 2020. China rising The share of other official and private creditors — the non-Paris Club members, including China, India and Saudi Arabia — rose sharply to 42% in 2020 from 17% in 2006.

GQG Partners on Friday bought close to 5% stake in GMR Airports Infrastructure in a deal worth Rs 1,672 crore through the open market. GQG Partners Emerging Markets Fund bought 92,636,787 shares, and Goldman Sachs GQG Partners International Opportunities Fund bought 19,02,45,637 shares, according to bulk deals data. The shares purchased represent a cumulative stake of 4.7%.

Venice‘s famed gondolas ended up soggy and freezing after they failed to follow instructions and capsized their boat.According to local reports, a group of Chinese tourists had been asked by the gondolier to stop standing and shifting around in the boat, as he attempted to navigate a tricky passage under a bridge near St.

The U.S. labor market unexpectedly strengthened in November with pickups in employment and wages, deflating hopes for the Federal Reserve to cut interest rates early next year.

Next week is expected to be another volatile one, as investors brace for two of the biggest economic events that remain for 2023.

Investing.com — Oil prices rose from a near six-month low in early trade on Wall Street on Friday, as investors gauged how stronger than expected U.S. jobs figures could factor into demand in the world's largest crude consumer.