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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.

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.

A value strategy means investing in undervalued companies with strong fundamentals that are trading below their intrinsic value and are out of favour from a price perspective. The expectation is that, eventually, these companies will show a strong upward price movement. 

corporate earnings data and the market beginning to show early signs of revival, Quant Mutual finds itself close to fully deployed and believes that its risk-off phase is at the fag-end stage. “Although high-level macroeconomic and corporate earnings data merit tracking, most, if not all of these below-estimates data are factored in and timing is ripe for being optimistic about selective segments of the market. Hence, we are now close to fully deployed and believe that risk-off phase is in its fag-end stage,” the fund house said in its monthly release. Also Read | Taking stock: 70% equity mutual funds outperform their benchmarks in 2024

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

Bvlgari, the Italian maker of luxury jewellery, watches, fragrances, accessories, and leather goods, is looking at India to make up for falling demand in China. Bulgari is expanding its footprint in India to take advantage of strong growth and favorable demographics, Bulgari chief executive officer Jean Christophe Babin said in an interview with Bloomberg TV. In October, Bulgari announced the launch of its first digital boutique in India in partnership with Tata CLiQ Luxury.

According to an RBI notification as of December 2, 2024, “The reasons were attributed to either inactivity for a long time or pending/periodic updation of KYC in such accounts. Reportedly, there were instances of customers facing inconvenience when they approached the bank branches for activation of inoperative accounts, including inadvertent errors in customer details such as mismatch in name, etc. It was also observed that a few banks have a large pendency of accounts that are due for update/periodic updation of KYC, resulting in such accounts getting frozen for further transactions as per the bank's internal policies.” The RBI has advised banks to take necessary steps urgently to reduce the number of inoperative/frozen accounts and make the process of activation of such accounts smoother and hassle-free, including by enabling seamless updation of KYC through mobile/internet banking, non-home branches, video customer identification process, etc.

Zomato, Flipkart, Ola, Meesho, Gameskraft, HiLabs, Roombr, Myntra, PhonePe, Quicksell, Indus Insights, Groww, WinZo, Cars24, Battery Smart and NoBroker are among these companies visiting campuses such as the National Institutes of Technology, Birla Institute of Technology & Science Pilani, Indian Institutes of Information Technology (IIITs) and Indian Institutes of Technology. The domains they are recruiting for include software development, data science, product analytics, artificial intelligence and machine learning. Campuses said not only has there been a spurt in the number of such companies visiting — in a few cases, more than double compared with last year — but several of them are also hiring in larger numbers.

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.

ballot papers relented on Tuesday and gave up their plan after police intervention, the NCP (SP) winning candidate from the seat said. A senior police official said they had cautioned the villagers that legal action would be initiated if they went ahead with their «polling» plan. Earlier, residents of Markadwadi village under Malshiras segment in Solapur district had put up banners claiming a «repoll» will be held on December 3. The village comes under the Malshiras assembly constituency, where NCP (SP) candidate Uttam Jankar defeated BJP's Ram Satpute by 13,147 votes in the November 20 state polls, the results of which were declared on November 23.

Subscribe to enjoy similar stories. Quant Mutual Fund confirmed it has appointed a new chief executive in an effort to decouple the CEO and CIO (chief investment officer) functions currently held by founder Sandeep Tandon. The new chief executive, who is set to join in April 2025, is a mutual fund industry outsider – from a global financial conglomerate – according to a source.

Subscribe to enjoy similar stories. Imagine we are on a game show where we’re given a choice of picking any one of three doors. Behind one door is a car, while the others hide one goat each.

Trump has threatened retaliation against governments that challenge the US dollar, vowing «100 percent tariffs» on countries that undercut the US currency. The Republican vowed the action on states that «create a new BRICS Currency» or otherwise «replace the mighty US dollar,» according to a post on Truth Social on Monday. BRICS refers to a grouping that includes Brazil, Russia, India, China and South Africa, and has expanded in recent years to include Iran, Egypt, Ethiopia and the United Arab Emirates.

Bharat Forge Ltd. traded at Rs 1341.00 on BSE at 12:22PM (IST) on Tuesday, 0.17 per cent from previous close. The stock quoted a 52-week low price of Rs 1063.40 and a high of Rs 1826.20.

initial public offer (IPO) of Suraksha Diagnostic received muted response for the first two days with just 37% subscription. The issue will close for bidding today. One of the main reasons for this subdued show is due to the IPO structure, which is completely an offer-for-sale (OFS) of 1.92 crore shares. This means that the company will not receive any proceeds from the offering and the entire funds will go to the selling shareholders.

income tax department making errors in processing income tax returns (ITR). The Karnataka State Chartered Accountants Association (KSCAA) has sent a representation to the CBDT in this regard. KSCAA's representation says that the CPC has erred in considering the due date for filing ITR and has imposed penalties even for those who filed ITR well within the deadline. A chartered accountant, who did not want to be named, also said that her own firm as well as the firm's clients got slapped with the penalty for late filing of ITR even though it was filed on time.

HDFC Asset Management Company Ltd. traded 0.21 per cent at Rs 4259.25 at 12:12PM (IST) on Tuesday, even as BSE benchmark Sensex 471.19 points to 80719.27. The stock had closed at Rs 4250.20 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4862.00 and Rs 2852.85, respectively.

GST rate of 18% on life and health insurance policies. After union minister Nitin Gadkari raised this issue, the people started hoping for the rate cut to become a reality as it was taken for consideration by the GST council. However, despite several meetings in the past the GST council is yet to take a final call on this issue. The issue is likely to be taken up again in the next GST council meeting on December 21. However, the question remains how likely a reduction is and whether it will really benefit the policyholders. Government gets a significant revenue from GST on insurance policies. The government has answered in Lok Sabha that more than Rs 16,000 crores was collected by levying Goods and Services Tax (GST) on health and life insurance policies issued through FY 2023-24. It will not be an easy decision to forego such a big source of revenue. Considering this new information and also the public demand for lower GST rates on health and life insurance, a significant rate cut appears a challenging task for government. Moreover, insurance companies are facing a challenge if such a reduction will actually help them in lowering their costs. They want assurances from the government that if the GST rate is lowered, the companies would still be able to claim input tax credit on the insurance policies sold. If the government does not assure this then it will add a cost component for them which is going to increase insurance premiums instead of decreasing.

advanced manufacturing. Organized by the Geospatial World Chamber of Commerce in collaboration with Geospatial World, this summit brought together key stakeholders from government, industry, academia, and research to explore and amplify the geospatial and space sectors' potential for innovation, economic growth, and sustainability. With bilateral trade in geospatial and space technologies projected to grow from $2.5 billion in 2024 to $10 billion by 2030, the summit underscored how shared investments in technology, policy alignment, and manufacturing can accelerate global progress.

Cyclone Fengal wreaks havoc across many districts of Tamil Nadu, Chief Minister MK Stalin has announced Rs 5 lakh ex-gratia for the families of seven people who lost their lives in a landslide due to heavy downpour in Thiruvannamalai district. «I express my deepest condolences and sympathy to the families of those who died in this accident and have ordered that each of the families of the deceased be provided with Rs. 5 lakhs each from the Chief Minister's General Relief Fund,» Tamil Nadu Chief Minister MK Stalin said in a press release. This comes after seven people including five children were trapped under the ground in a landslide in Thiruvannamalai. According to the press release, the deceased have been identified as Rajkumar and his wife Meena (27). The family was residing on 11th Street in VOC Nagar.

Trump's recent electoral victory, rumours and speculation have circulated that NASA's giant Moon rocket, the Space Launch System (SLS), could be under threat. The rocket is one of several key elements needed for the US space agency's Artemis programme, which aims to return humans to the Moon for the first time since 1972. For the first lunar landing mission, called Artemis III, the SLS will launch four astronauts on NASA's Orion crew capsule. Orion will then travel to the Moon. Once in lunar orbit, Orion will dock with Elon Musk's Starship vehicle (which has been launched separately). Two astronauts will float into Starship, which undocks from Orion and travels down to the lunar surface.