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Vedanta Ltd on Friday said the Mumbai bench of the NCLT has asked the company to call for a meeting of its secured and unsecured creditors and shareholders in the next 90 days to discuss the proposed demerger. The proposed demerger will create independent companies housing aluminium, oil and gas, power, steel and ferrous materials, and base metals businesses. The existing zinc and new incubated businesses will remain under Vedanta Ltd. «A meeting of the equity shareholders… be convened and held within 90 days from the date of receipt of the order,» said a two-member bench of the National Company Law Tribunal (NCLT) comprising Technical Member Madhu Sinha and Judicial Member Reeta Kohli in its order dated November 21. Vedanta Chairman Anil Agarwal had earlier said the proposed demerger of the company's diverse verticals that represent more than 15 commodities will see it progress from being asset managers to asset owners.

Some global banks are considering temporarily halting fresh credit to the Adani Group after the U.S. indictment but maintaining existing loans, sources told Reuters. Ratings agency S&P warned in a statement that the group will need regular access to equity and debt markets given its large growth plans, but it might find fewer takers.

bad loan aggregator National Asset Reconstruction Co (NARCL) is set to take over the distressed textile company Sri Govindaraja Mills after its ₹270 crore offer to lenders did not receive competing bids. Chennai-based Sri Govindaraja has been a non-performing asset for five years and owes creditors led by Canara Bank more than ₹750 crore. The ₹270 crore offer from NARCL equates to a 36% recovery for lenders. NARCL will pay banks through a mix of 15% cash upfront and 85% security receipts which can be redeemed later. This is the second asset NARCL has been selected as the winning bidder. Last month its ₹300 crore offer for ₹1,773 crore loans in Bareilly Highways Project received no counterbids during a Swiss challenge auction.

Taylor Swift's Eras Tour security cost UK taxpayers $1 million. It's going to be a lot of dollar signs and reports about Taylor Swift's UK leg of her Eras tour, so buckle up for this one. After a terrorist plot was thwarted, Swift was forced to postpone three concerts in Vienna, Austria, as many fans are aware. She has increased security since then, which makes sense, but it seems that all of the extra protection has come at a high cost, as quoted in a report by SheKnows. The Metropolitan Police now have to pay almost $1 million in taxpayer funds for the additional security. The US Sun claims that providing security for each of Swift's UK performances cost the Met about $880,000. Swift's group also asked for $200,000 worth of security measures, such as a blue-light escort.

Trump 's team still hasn't signed agreements that are required to formally begin the transition process to the White House — meaning the government can't provide security clearances and briefings to incoming administration officials and the FBI can't screen his rush of picks for the Cabinet and other key posts. The importance of strenuous federal background screenings — and the fact that Trump's team has not been subjecting the president-elect's selections to such vetting — was evident on Thursday, when former Florida Rep. Matt Gaetz withdrew as Trump's pick for attorney general following continued scrutiny over a federal sex trafficking investigation that cast doubt on whether he could be confirmed by the Senate. The continued delay on agreeing to start the formal transition process may eventually force senators to vote on Trump's choices without the benefit of the usual background checks. That process is designed to uncover personal problems, criminal histories and other potential red flags that would raise questions about a nominee's suitability for key jobs.

For 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family.

CERT-In emphasises the urgency of updating to the latest software to mitigate these risks. According to the advisory, the vulnerabilities could allow attackers to execute arbitrary code or conduct Cross-Site Scripting (XSS) attacks on affected devices.The organisation has specifically identified the impacted versions as Apple iOS and iPadOS versions prior to 18.1.1 and 17.7.2, macOS versions prior to 15.1.1, Vision OS versions prior to 2.1.1, and Safari versions prior to 18.1.1.

Kuldiep Singh said on Friday. He said that the state would get around 90 companies of the Central Armed Police Force (CAPF), over and above the 198 companies that are already in Manipur. «The total number of deaths is 258 including militants,» Singh while addressing a press conference after holding a security review meeting here. The security advisor said that 32 people were arrested in connection with vandalism and torching of properties of ministers and MLAs while around 3,000 looted weapons have been recovered.

Competition Commission of India (CCI) Chairperson Ravneet Kaur on Friday hinted that the fair trade regulator is not likely to take cognizance of media reports on the bribery charge against the Adani group to initiate a probe, claiming that the panel takes steps only after some information is filed before it. Billionaire Gautam Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over USD 250 million (about Rs 2,100 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. Adani group on Thursday denied the charges of paying bribes to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws. On whether the Adani matter falls under the purview of CCI, Kaur said, «The CCI is governed by the Competition Act… It is meant to promote and sustain competition. If there is any matter which falls in that domain of the Competition Act, then it comes to Competition Commission.»

Boeing is finally nearing the completion of the new Air Force One aircraft which is known as the VC-25B and is based on the larger 747-8 model, reported Business Insider. Originally contracted for $3.9 billion in the year 2018, the project has eventually faced significant challenges which included supply chain issues and labor shortages while pushing the delivery date from 2024 to 2027. According to Business Insider, US President- elect Donald Trump, who eventually renegotiated the deal during his first term, is now all set to fly on the new planes following his reelection as the US President in 2024. Also Read: Peacock's The Office Follow-Up Series: What we know about cast, plot and production team

Coastal Defence Exercise Sea Vigil 2024 successfully concluded on November 21. The exercise was conducted in two phases, with Phase I extending from November 13 to 19 and Phase II conducted over a 36-hour period across all coastal states and union territories of India. The exercise demonstrated India's unwavering commitment to strengthening its maritime security and coastal defence mechanisms, spanning the entirety of India's 11,098 km coastline and its Exclusive Economic Zone of 2.4 million square kilometres, according to an official release. Sea Vigil 24 witnessed the participation of over 21 agencies across six ministries. These included the Indian Navy, Indian Army, Indian Air Force, Indian Coast Guard, State Marine Police, Customs, BSF, CISF, Port Authorities, and Fisheries Department, among others.

The Kremlin fired a new intermediate-range ballistic missile at Ukraine on Thursday in response to Kyiv’s use this week of American and British missiles capable of striking deeper into Russia, President Vladimir Putin said.

The Canadian foreign ministry last month alleged Amit Shah, considered the number two in Modi's government, was behind a campaign of intimidation in Canada. Ottawa says it has evidence linking Indian government agents to the 2023 murder of Sikh separatist Hardeep Singh Nijjar in Canada. This week, the Globe and Mail newspaper said Canadian security agencies believed Modi knew about the violent plots and said Foreign Minister Subrahmanyam Jaishankar and national security adviser Ajit Doval were also in the loop.

NTPC Green Energy Ltd (NGEL) has formed a joint venture with Andhra Pradesh to develop renewable energy projects in the state comprising 25 GW of solar, wind and hybrid projects, 10 GW of pumped storage projects and 0.5 million tonnes/year of green hydrogen and derivatives, which will attract an investment of Rs 2,00,000 crore. The venture of NTPC’s subsidiary and the New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) is expected to generate employment for around 1.1 lakh people while contributing Rs 20,620 crore in financial benefits to the state over 25 years, a statement from the company and the government said. Chief Minister N Chandrababu Naidu outlined the broader vision under the state’s Integrated Clean Energy Policy, aiming for 78.5 GW of solar energy, 35 GW of wind energy, 22 GW of pumped hydro storage, and 1.50 million tonnes per year of green hydrogen production in the next five years.

Westbridge Capital Management offloaded 2% of its holding in Nasdaq-listed software-as-a-service (SaaS) firm Freshworks during the July-September period, according to a filing made with the US Securities and Exchange Commission (SEC). The investor sold 275,000 shares of Freshworks during the quarter and currently holds a little over 4% stake worth $221 million in the California-based company. Freshworks’ shares last traded at $16.54 on Thursday – 34% lower than the company’s 52-week high price of $24.97.

Indian tycoon Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery

markets regulator is proposing more diversified ownership of equity clearing corporations, which are currently fully owned by the country's exchanges. A clearing corporation is responsible for the confirmation, settlement and delivery of trades.

London’s Gatwick Airport has evacuated part of its South Terminal as a precaution while police investigate a suspicious item found in luggage

The limit on annual contributions to an IRA will remain at $7,000 and the IRA catch-up contribution limit for people 50 and over remains $1,000 for 2025. The agency last week announced increases to the standard deduction in its annual inflation adjustments for 2025. For single taxpayers and married individuals filing separately in tax year 2025, the standard deduction is rising to $15,000 — up $400 from 2024. For couples who file jointly, that standard deduction will be $30,000 for 2025, an $800 jump from the year prior. And heads of households will get a $22,500 standard deduction, up $600 from 2024. Income thresholds for all seven federal tax bracket levels were also revised upward.

fraud indictments, the group is yet to respond to the bourses. While there was no word from Sebi officials, experts pointed out the regulator will have to definitely look into it if there are any disclosure and other violations and take necessary action.