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oil refiners' green energy projects, four government and industry sources said, as the federal government seeks to curb its fiscal deficit. Asia's third largest economy, facing an over 40% shortfall in collecting revenues from stake sales in state-run companies, is prioritising spending to try to limit its fiscal deficit to 5.9% of GDP for this fiscal year to the end of March. State-run Bharat Petroleum Corp and Hindustan Petroleum Corp aim to end net carbon emissions from their operations by 2040, and Indian Oil Corp has set a target for 2046. To help the companies reach the goals, 300 billion rupees ($3.61 billion) in equity support was announced in the budget for this fiscal year. But an industry and a government official said the funds will be provided in a staggered manner and the government will give 150-billion-rupee equity support in 2023/24. As the refiners' financial position is sound and they do not require 300 billion rupees for capex this year, the government has lowered the amount, one of the sources said. All the sources with direct knowledge of the matter spoke on condition of anonymity because the details have yet to be approved by the federal cabinet. India's oil ministry, the finance ministry and oil companies did not respond to Reuters' emails seeking comments. Two industry sources said BPCL and IOC will halve the size of their planned rights issues to 90 billion rupees and 110 billion rupees, respectively. The refiners do not need funds immediately for energy transition projects, and their capex will only increase significantly after two-to-three years, one of the two industry sources said. A second government source said Oil and Natural Gas Corp, the parent firm of HPCL, will enhance

Disney has a new ally in activist investor ValueAct Capital Management, garnering its support for the company’s board nominees as it continues to wage a proxy battle with Nelson Peltz

toy manufacturing in the country through import duties and quality control orders. Addressing journalists in New Delhi, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Rajesh Kumar Singh said the proposal of having a PLI scheme on toys has been put on hold and a third-party audit of the white goods PLI will be conducted. Responding to a query on the decision to put the toy PLI proposal on hold, he said, “Currently we are focused on getting these 14 PLI schemes up and running in a good way.

The XRP price has sunk by 9% in the past 24 hours, falling below the all-important $0.60 support level after a bad day for the cryptocurrency market yesterday.

Stocks fell for a second day, with the S&P 500 dropping by around 80 bps. The index gapped lower, unwinding the big buy imbalance at yesterday’s close.

Telangana government will extend necessary support for Amara Raja group's advanced chemistry cell gigafactory and battery pack assembly unit being set up in Mahbubnagar district, Chief Minister Revanth Reddy said on Wednesday. The Amara Raja team met the CM here regarding their landmark Giga Corridor project and ePositive Energy Labs in Telangana, an official release said.

Bonk! ($BONK), the third largest meme coin by market cap and a flagship token of the Solana (SOL) ecosystem, dropped close to 10% on Tuesday, as the broader crypto markets succumbed to sell pressure following a promising start.

Idukki (Kerala), Two days after a young dairy farmer suffered a devastating loss, with as many as 13 of his 20 cows dying from suspected food poisoning, offers of new cows and financial assistance poured in from various quarters at their farm in this mountainous district of Kerala on Tuesday. State ministers J Chinchu Rani and Roshy Augustine visited 15-year-old Mathew, the distressed young farmer, at his house in Velliyamattom village this morning and offered support and assistance from the state government.

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BEIJING (Reuters) -China's central bank made 350 billion yuan ($49.1 billion) in loans to policy banks through its pledged supplementary lending (PSL) facility in December, data showed, fuelling expectations of increased support for the country's ailing housing sector.

Also Read: Gold prices track best year since 2020, supported by hopes of Fed rate cut in 2024 However, analysts believe gold price is expected to remain in a narrow range in the month of January after the recent upmove. “Gold prices saw a decent rally recently amid dovish Fed and anticipation of rate cuts in 2024. However, the positives are largely discounted and the bullion prices are expected to remain in a narrow range this month," said Ajay Kedia, Director, Kedia Advisory.

In the ever-evolving landscape of digital currencies, Solana (SOL/USD) emerges as a focal point of interest, especially as it rebounds from the critical $100 support level. Currently trading at $104.25, Solana has seen over 3% rise in the last 24 hours, with a remarkable 24-hour trading volume of $4.55 billion.

Jammu and Kashmir police chief Rashmi Ranjan Swain on Saturday said there are foreign fighters active in Rajouri-Poonch range with hideouts in caves, forests and wilderness which hugely limits the flow of information regarding their movement and presence. “Undoubtedly there is a security situation in Rajouri-Poonch. Mostly these are foreign fighters there.

MOSCOW (Reuters) — The Russian rouble firmed against the U.S. dollar and euro on Thursday, receiving support from month-end corporate taxes.

Microsoft's decision to end support for Windows 10 could turn 240 million personal computers into e-waste, leaving those to end up in landfill, a new report has claimed. Microsoft's Windows 11 will help support a struggling PC market as customers prepare for another refresh cycle — but the termination of Windows 10 support could prevent hundreds of millions of devices from getting second lives, according to Canalys research.

Maha Vikas Aghadi, especially Shiv Sena (UBT), stands strongly behind senior Congress leader Sunil Kedar, Sena (UBT) MP Sanjay Raut said on Saturday, a day after the former minister was handed a five-year jail term by a court for misappropriation of funds in a cooperative bank. Taking a dig at its former ally BJP, Raut said many leaders in that party should be tried and convicted for such acts. «Because of the pressure on the judiciary, only those from the opposition are summoned (by Central probe agencies), arrested, and they face disqualification as lawmakers,» Raut alleged while speaking to reporters.

Volkswagen India has extended its enhanced service support to affected customers in Tamil Nadu following the impact of heavy rains and flooding in the state, the company said on Saturday. The initiative, with effect from December 22, would offer service support to flood affected car owners including Roadside Assistance, special benefits on parts, labour costs and car care treatment among others.

SDGs) and SDG-related climate targets, including through multilateral institutions where India and Germany are members, such as the International Solar Alliance (ISA)," the two sides said in a joint declaration of intent released in May 2022. The two sides are also considering expanding their collaboration into Madagascar and Ethiopia, Dhanda told Mint.

Australia batter Usman Khawaja has been reprimanded by the International Cricket Council for wearing a black armband in support of Palestinians in Gaza during the first cricket test against Pakistan. ICC regulations prevent cricketers from displaying messages of political, religious or racial causes during international matches. Khawaja was born in Pakistan and is the first Muslim to play test cricket for Australia. An ICC spokesperson confirmed the charge in breach of the clothing and equipment regulations to Australian media. «Usman displayed a personal message (armband) during the first test match against Pakistan without seeking the prior approval of Cricket Australia and the ICC to display it, as required in the regulations for personal messages,» it said. «This is a breach under the category of an 'other breach' and the sanction for a first offense is a reprimand.» The charge means Khawaja can accept a warning and continue to play.

The European Union has paid the final tranche of a multibillion-euro support package to Ukraine to help keep its war-ravaged economy afloat this year

The Solana price has surged by 15% in the past 24 hours, rising $87.94 after Trezor announced that its wallet would support the altcoin.