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Ayodhya has become a topic of discussion at the World Economic Forum Annual Meeting in Davos. Devotees are planning to hold Ram Bhajans and light diyas on the consecration day, which is scheduled for Monday.

Hardeep Singh Puri said. «Whenever there is vulnerability and uncertainty in the market, the transition gets accelerated. No-one is looking at that», Puri told Reuters in an interview at this week's World Economic Forum in the Swiss ski resort of Davos, referring to attacks by the Houthis on ships in the Red Sea. Puri said that while OPEC+ nations have a right to decide on their energy production, supply cuts against such uncertainty, and the resulting adverse impact on global prices, will dent long term demand. It is «imperative» for India to accelerate its transition to green energy in this scenario, he added. Iraq followed Saudi Arabia in charging a premium for oil supplies to Asian markets which made their crude «more expensive than crude sourced elsewhere», the minister said, noting India is now buying from 37 countries up from 29 earlier.

Gopal Balachandran, CFO & CRO, ICICI Lombard, says “for CICI Lombard, the growth momentum in motor insurance has been quite positive and in fact, in December, we gained market share. The industry grew at about 8.8% in overall motor. Our growth in motor was almost about 10.8% and therefore when we look at heading into quarter four, I think we are very positive in terms of the opportunity that the segment presents and we have got all the right levers in terms of distribution service and technology which should aid us to kind of sustain the momentum that one is seeing in the context of motor.” The motor segment has seen quite a healthy growth and has largely been aided by strong private vehicle and two-wheeler sales. What is your outlook? Will this sustain? Gopal Balachandran: If you look at the market environment in the context of auto vehicle sales, across segments we have seen a lot of positive momentum getting played out, which is what we had put out even as a part of our analyst call that we had last evening. If you look at it on the private car side, for example, we have seen almost close to about three million vehicles getting sold. On two-wheelers, we have seen for the market almost close to about 13 million vehicles getting sold and on the commercial vehicle side, almost more than one million plus vehicles getting sold. So, in that sense, the market momentum seems to be very positive.

interim budget, as seen in the past few decades, has whetted interest in how Finance Minister Nirmala Sitharaman is going to structure it. Read our full Budget 2024 coverage here Coming right before the Lok Sabha elections, an interim budget is an effective vehicle on which an incumbent government's poll priorities can ride. Being a top national event, it gets a lot of eyeballs and remains in the public mind as the responses and debates it generates in different quarters echo for several days. It is the last big government event before elections to please chosen voter segments. On the face of it, the BJP-led NDA government at the Centre seems to be free of the kind of pressures, or promises, an interim budget can generate for a ruling party facing elections just a few months later. It has scored surprising victories in three key states just last month which many see as a strong voter endorsement for the coming Lok Sabha elections, especially when the opposition's alliance has yet to take a potent shape.

Amit Chadha, MD & CEO, L&T Technology Services, says “I would like to confirm to you that the highest growth that we have had in the last two quarters has been from Europe. Our North America region has also grown in both these quarters and then has been ROW. And I would like to confirm that that is the case for quarter three as well.” Let us begin by talking about the overall growth rate because that has slowed from the 6% plus that we saw per quarter 8 to 9 quarters ago to about 1%. Are you confident that this is the bottom and hence a sharp reversal can be seen in Q4? Amit Chadha: You want to do the math and you look at 17.5% to 18.5%, you will realise the asking rate is about 4%. I am confirming to you that Q4 will be a good quarter and that is how we are reaffirming our guidance. And I have confidence based on the deals that we have won, based on some of the deals in play that we will be there as we move forward. I am extremely excited about the kind of opportunity that exists for engineering services with India Inc. globally. So I am fairly comfortable at this stage.

is it time for investors to turn cautious? Here's what experts say. Pranav Haridasan, MD and CEO at Axis Securities, noted that the IT sector has led the Nifty rally this month because of decent results backed by cheaper valuations. However, the recent upswing warrants a certain degree of caution as, many times, such sharp rallies do not sustain.

₹5 crore. In Category-1 having voting rights, AMG Media Networks raised its stake to 76% from 50.5%, while in Category-2 without voting rights, the stake has been increased to 99.26% from 50.5%, Adani Enterprises said in a regulatory filing.

Given how excitable financial markets can get at any hint of a policy rate cut, it may seem cheaper credit is all there is to material progress. Monetary policy is a lot more complex than that, though, which is why economists constantly need to explain why over-cheap, free or negatively priced loans are not sustainable, even if they’re extended in crisis times.

A recent news report in The Times of India suggests that in order to curb mis-selling, “insurance agents may be required to maintain audio-visual records of [the] sales pitch" they make to prospective buyers of insurance policies. A letter suggesting the same seems to have gone from the Centre’s consumers affairs secretary to the financial services secretary.

Merry Christmas Box Office Collection Day 5: Merry Christmas marks Sriram Raghavan's Tamil debut as the film was made simultaneously in Hindi and Tamil. Raghavan's directorial movie collected ₹2.55 crore net on its release day. It minted ₹2.3 crore from the Bollywood version and ₹22 lakh from the Tamil version.

After announcing its fourth quarter results last week, Bank of America is due to announce its bonuses next week and when it does, there may be disappointment. Bank of America could benefit from disappointing a few people; they won't leave. 

₹1,800 crore (through the IPO) to grow rapidly. Of this, ₹1,500 crore will be a capital raise to deleverage and future growth. We will use the remaining ₹300 crore for general corporate purposes and will deploy that later.

A report released by Echelon Tuesday forecasts M&A activity will be flying high well into 2024.

Disney is hoping a recent decision bolstering a Florida prosecutor’s First Amendment case against Gov. Ron DeSantis helps its own free speech lawsuit against the governor

A California court has dismissed a lawsuit from a group of fishermen against a conservation group that added New England lobster to its list of seafood to avoid

₹10 crore, it has two radio signals—a Localizer that offers left or right guidance, and a Glide Slope for up or down signals. Airports typically apply the Category II (CAT-II) procedure for flights and pilots when visibility is 275-550 metres, and CAT-III below 275 metres, down to 50 metres. Only CAT-III B certified pilots can land when the visibility is about 50 metres.

Market expectations for rapid interest-rate cuts are a bit premature because the battle against inflation isn’t yet over, International Monetary Fund official Gita Gopinath said. 

Gautam Adani on Tuesday said green hydrogen holds the key to India's journey to net-zero carbon emissions, and its current high cost can be reduced by replicating the solar power model. In a blog post for the World Economic Forum (WEF), the head of apples-to-airport Adani Group said leapfrogging to renewables and green hydrogen will help India achieve energy security and improve air quality in cities. Green hydrogen produced by splitting water using renewable electricity is a clean fuel with no carbon emissions.

Thiruvananthapuram: National award-winning playback singer K S Chitra has faced criticism on social media following her recent video message encouraging people to chant Lord Ram hymns during the upcoming Ram temple consecration ceremony in Ayodhya on January 22. In the circulated video, the renowned singer urged everyone to chant the 'Sri Rama, Jaya Rama, Jaya Jaya Rama' mantra at 12.20 pm during the consecration ceremony and light five-wick lamps in the evening to mark the occasion. However, the video stirred controversy, with some netizens expressing disapproval, stating that she shouldn't have endorsed the Ram Temple and accusing her of taking political sides. Others, though, supported Chitra, asserting her right to express her opinion freely.

Santosh Rao, Partner, Head of Research, Manhattan Venture Partners, says “the world has realised that being China-centric is not really good. It is not a good practice, not a good strategy. So they are diversifying out of China. Even if China was not slowing down, just for geopolitical tensions and all that, people have realised that China is not the place to rely on in the long run. India is going to be the biggest beneficiary of that coming out. Investments are going to flow out of China. And that is a huge thing that is playing out in the markets.” Are you surprised the way the entire global narrative has changed? We are talking about rate cuts this year? Santosh Rao: Yes. I think a lot depends on two or three things that are going to determine the US market. Of course, the disparity between what the market is expecting and what the Fed will do. Originally five or six cuts were priced into the market, and that was the enthusiasm coming into the year. But I think now after all the Fed governors have come out and said it clearly, and also seeing the CPI data, the last CPI data that came out the Fed is not going to do five or six cuts. It is probably going to do two, at best three if inflation comes down fast.

WASHINGTON (Reuters) — The wife of U.S. Senator Bob Menendez on Monday sought to sever the government's corruption case against her from her husband, according to a court document.