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Prime Minister Justin Trudeau will have a meeting with all opposition leaders to discuss U.S.-Canada relations after President-elect Donald Trump threatened sweeping tariffs on all Canadian products

GMR Infra Enterprises by a trust linked to the Abu Dhabi Investment Authority (ADIA). In a statement, the regulator said Platinum Stone A 2014 Trust (acting through its trustee Platinum Rock B 2014 RSC) had proposed to subscribe to unlisted and unrated optionally convertible debentures (OCDs) of GMR Infra Enterprises. GMR Group had in October said it had secured Rs 6,300 crore debt funding from ADIA and that the proceeds will be utilised for refinancing loans of GMR Enterprises, the promoter of GMR Airports.

Bank of India (RBI) likely sold dollars to cap weakness in the local currency, traders said. Along with the dollar's rally, the Chinese yuan also weakened to counter the trade tariffs effect, adding pressure on the local currency. Analysts expect the pressure on rupee to continue during December and January, as inflows from foreign portfolio investors are not expected at least till January.

Phillips Machine Tools (PMT) will launch a dedicated 3D materials division to address India’s lack of locally available high-tech consumables and raw materials, including titanium. The company has plans to secure an import license in the next six months and cater to the defence, aerospace, renewable, electronics, and, in certain aspects, the health tech market and clean energy sectors, the company’s Managing Director, Terrence Miranda, told ET. PMT is a fully owned subsidiary of the USA-based Phillips Corporation. “To obtain this license, you need to demonstrate capabilities, such as owning the necessary equipment and conducting R&D on it. India does not yet produce aerospace-grade titanium in the quantities or quality needed. For sectors like space and defence, this poses a significant challenge,” he said, adding that the company will incorporate it into its new 20,000 sq. ft facility in Chakan, Pune. PMT is working to source titanium from international markets, including the US and Germany, while also exploring regional exports to make it easier to procure.

Indian Navy said on Tuesday. Addressing a press conference, Vice Admiral Sanjay J Singh, Flag Officer Commanding-in-Chief of the Western Naval Command, said the three warships — INS Nilgiri, INS Surat, INS Tushil — and submarine INS Vagsheer are expected to be commissioned in a month. «We have got four vessels that are due for induction within the next one month,» Singh said. INS Nilgiri is the first ship of Project 17A and was launched in September 2019, he said.

ZFunds has secured Rs 25 crore in equity funding led by Elevation Capital along with participation from PB Fintech group chief executive officer (CEO) Yashish Dahiya, in its first major institutional funding round. PB Fintech operates the insurance marketplace Policybazaar and credit marketplace Paisabazaar. ZFunds was founded in 2019 by Manish Kothari and Vidhi Tuteja, who worked at Paisabazaar before starting up. Also Read: ETtech in-depth: Decoding PB Fintech’s bull run on the stock markets

Banking Laws (Amendment) Bill, 2024 was passed on Tuesday in the Lok Sabha during the winter session of Parliament, proposing significant changes to banking regulations. «Banks are being professionally run today. The metrics are healthy so they can go to the market and raise bonds, raise loans & run their business accordingly,» said Finance Minister Nirmala Sitharaman in her address at the Lower House of the Parliament. Among its key provisions, the Bill allows depositors to nominate up to four individuals for their bank accounts or fixed deposits, replacing the current single-nominee system. The move aims to simplify fund distribution after the death of an account holder, a problem which arose during the COVID-19 pandemic.

Sebi has proposed an online monitoring mechanism for system audits of stock brokers to cut down on technical glitches. In a consultation paper released on Tuesday for public comments, Sebi said it aims to address gaps in the current audit processes, including poor quality, lack of physical site visits by auditors, and inadequate sampling techniques.

External Affairs Minister S Jaishankar said the disengagement of troops has been achieved in «full» in eastern Ladakh through a step-by-step process, culminating in Depsang and Demchok, and India now expects the commencement of talks on remaining issues that it had placed on the agenda. India was and it remained very clear that the three key principles must be observed in all circumstances, he said explaining: «one: both sides should strictly respect and observe the Line of Actual Control (LAC), two: neither side should attempt to unilaterally alter the status quo, and three: agreements and understandings reached in the past must be fully abided by in their entirety».

Subscribe to enjoy similar stories. Investors are fretting that France may be on the verge of triggering a new eurozone crisis, and the amazing thing is that it took this long for everyone to notice that the country’s public finances, and its economy, are a mess. We don’t mean to make light of the worry gripping markets in recent days as the National Assembly has failed to pass a budget.

Subscribe to enjoy similar stories. Hindustan Unilever Ltd (HUL) has been struggling with muted revenue growth for the past few quarters, thanks to a combination of weak pricing and subdued volume growth. Demand conditions are still not particularly exciting, with urban demand moderating even as rural is recovering.

Subscribe to enjoy similar stories. China will strengthen controls on U.S.-bound exports of some materials that are used in chip making and can have military applications, a move that comes amid rising trade tensions between the two countries. The Chinese Ministry of Commerce said Tuesday that it will ban exports of so-called dual-use materials to the U.S.

Subscribe to enjoy similar stories. ISLAMABAD, Pakistan—When Muhammad Imtiaz received an electricity bill of over $120 last summer, he panicked. The bill, for June and July, was all he earns in a month of ferrying passengers on his motorbike in the scrappy suburbs outside Pakistan’s capital Islamabad.

Nifty 50 index has risen over 1% in the last two trading sessions, with brokerage firm Axis Securities projecting the index to hit 26,100 by December 2025, marking an 8% upside from the current levels. The brokerage said it continues to believe in India’s long-term growth story, “driven by the country’s favourable structure, thanks to the increasing capex which is enabling banks to improve credit growth. This will ensure that Indian equities will easily manage to deliver double-digit returns in the next 2-3 years, supported by double-digit earnings growth.”

India on Tuesday said that adequate financing holds the key to achieving the objectives of the United Nations Convention to Combat Desertification (UNCCD). During a ministerial dialogue on finance at the 16th UN conference to combat desertification in Riyadh, Saudi Arabia, Union Environment Minister Bhupender Yadav also shared that India has already restored 22.5 million hectares of degraded land against the target of 26 million hectares by 2030. The minister said adequate financing holds the «key to achieving the objectives of the UNCCD» and that the World Drought Atlas released on Monday could serve as a guide for increasing mobilization of financial resources. Yadav also highlighted government initiatives like the Green Credit Programme, which involves identifying and restoring degraded land with financial support from industries.

Replying to the debate on the bill, Oil Minister Hardeep Singh Puri said that the oil and gas sector involves high investment and long gestation period. «We need oil and gas sector 20 more years. We need to bring this legislation here to provide a win-win confidence not only to our own operators but also to foreign investors so that they can come and do business here with view to benefit everyone,» Puri said.

Bharatiya Kisan Parishad Sukhbir Khalifa, who were holding a sit-in at the 'Dalit Prerna Sthal' here after their march to Delhi on land compensation and other demands was stopped a day earlier. The protesters had gathered from different parts of Uttar Pradesh on Monday on the call of Samyukta Kisan Morcha and had threatened to resume their march to the national capital if their demands were not met within seven days. Additional Commissioner of Police (Law and Order) Shiv Hari Meena said that they arrested more than 160 protesters at around 1.30 pm under Section 170 of the Bharatiya Nagarik Suraksha Sanhita (BNSS). The provision allows the police to carry out arrests to prevent the commission of a cognisable offence.

No appointment had been sought, Tatkare said, amid the continuing suspense over who would be the next Maharashtra chief minister. «Amit Shah is currently in Chandigarh. We may hold political discussions tonight. We will talk about what is happening,» said Tatkare. «There is no question of waiting (for appointment),» he added. Asked about distribution of portfolios in the new Maharashtra government, set to be sworn in on December 5, Tatkare said it would be decided at a meeting of the Mahayuti allies.

Goa minister Mauvin Godinho on Tuesday said that Pope Francis, head of the Roman Catholic Church, was likely to visit India «sooner than expected». Recalling that Prime Minister Narendra Modi had invited Pope Francis, Godinho said Goa would certainly be on his itinerary when he visits India. The state transport minister was talking to reporters after attending a religious mass in Old Goa during the ongoing decennial exposition of the sacred relics of St Francis Xavier, the patron saint of the coastal state. The feast of St Xavier was being celebrated in Goa on Tuesday.

Cat Coins have been one of the breakout trends in the meme-coin space in recent months. The niche’s spotlight has turned to newcomers likeCatslap, which offer large room for returns. For those seeking multifold returns ranging from 5X to 500X, high-cap cryptos are of no use. Tokens like POPCAT, which have a market cap of over one billion, are close to hitting their saturation point. In contrast, low-cap projects offer higher risk but also the potential for greater rewards. Catslap (SLAP) is an Ethereum-based meme coin featuring an aggressive feline that likes to “slap” anything that gets in its way. With cat coin narratives dominating the meme coin niche, $SLAP is the crypto flavour of this season. <div data-placement=«Mid Article Thumbna

Sri Lankan port’s expansion led by the Adani Group is progressing as scheduled, a top local official said, even as the fate of $553 million in American funding for the project remains uncertain following the indictment of the Indian conglomerate’s executives in the US. Construction at the Colombo West International Terminal remains ongoing, with phase one of the project still set for completion in early 2025, said Sirimevan Ranasinghe, chairman of the Sri Lanka Ports Authority, a minority shareholder in the project. “We are continuing as per our agreement,” Ranasinghe told Bloomberg News. He said the US financing had not been finalized and declined to comment further on its status, adding that it was up to the joint-venture company developing the project to secure financing.