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Subscribe to enjoy similar stories. Global private equity firm Advent International is eyeing a controlling stake in listed luggage and travel accessories maker VIP Industries, three people with knowledge of the development said. This marks a revival of sale talks after almost a year when the Dilip Piramal-led promoter group first decided to pare stake.

U.S. stocks drifted to a mixed finish, though the modest moves for indexes masked some thrashing underneath the surface

Karnataka government on Wednesday signed a memorandum of understanding (MoU) with the Defence Research and Development Organisation (DRDO) to support defence startups. The partnership will promote cooperation with defence startups and grant them access to DRDO’s testing facilities. Director General for Electronics & Communication System at DRDO, BK Das on the sidelines of signing the MoU, said the organisation will offer all its testing facilities to startups, MSMEs and industries. «The other thing we will do is handhold the startups and act as mentors in terms of growing this business. We will also organise a visit to DRDO facilities for the startups,» he said. During his session, Das said India is transforming into a global superpower in defence technologies which will be a $138 billion opportunity in the next years.

My role as Ficci president involved close engagement with GoI to discuss a range of topics related to economic growth. This was enabled by inputs from industry members, ranging from large companies to MSMEs, the in-depth analysis from a fantastic team at Ficci, and most importantly, a gov that is open to listening and working closely with industry. The year began with a meeting with Prime Minister Narendra Modi. We outlined priorities linked to GoI’s ‘Viksit Bharat’ goal. Key focus areas were: Make in India, women-led development, farm prosperity, and sustainability. A set of actions were outlined for Ficci committees, which comprised CEOs across a wide range of industries and companies. McKinsey provided support in developing the framework and enabling key outcomes.

A spokesperson for Prime Minister Keir Starmer said his office would not be commenting on reports or operational matters. Britain had previously said Ukraine could use Storm Shadow cruise missiles within Ukrainian territory but the government has been pressing the United States for permission to allow their use to strike targets inside Russia for several months.

Subscribe to enjoy similar stories. New Delhi: As state-run NTPC is set start construction of its green hydrogen hub in Andhra Pradesh by the end of the month, the company is in talks with possible buyers of the green molecule. NTPC is in talks with Japan's EPC major Toyo Engineering Corp.

First came Conservative Leader Pierre Poilievre’s “Axe the tax” ads targeting the carbon tax. Now the Alberta government is running a “Scrap the cap” campaign, in reference to the federal government’s plan to — for purely performative reasons — impose a cap on emissions from the oil and gas sector.

Americans unhappy with the outcome of the US election are offered $1 homes by an Italian village. A village on the Italian island of Sardinia has spotted a possible opportunity, as many communities around the world have been unsure how to react to Donald Trump's reelection as president, as quoted in a report by CNN. After decades of depopulation, Ollolai, like many other rural Italian communities, has been attempting to attract outsiders to help turn things around. To sweeten the deal, it has been offering to sell run-down homes for as little as one euro, or slightly more than a dollar.

Inflation in the U.K. has risen sharply to a six-month high in October, cementing market expectations that there will be no further cuts in borrowing rates this year

Target etched out a slim sales increase in the third quarter but profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results

Sanjay Dutt’s premium Scotch whisky brand, The Glenwalk, has achieved a significant milestone by selling over 50,000 cases (600,000 bottles) in the first seven months of the current financial year. The brand has established a strong presence in India’s spirits market, operating across 10 states. Maharashtra leads The Glenwalk’s sales, contributing over 45%, followed by Haryana at 25% and Uttar Pradesh at 20%. Currently available in Maharashtra, Haryana, Goa, Daman and Diu, Delhi, Punjab, Chandigarh, Uttar Pradesh, Uttarakhand, and Madhya Pradesh, the brand plans to expand to five additional states by next month. Looking to capitalize on this growth, The Glenwalk aims to increase sales by 500%, targeting 300,000 cases while expanding to over 18 states and five countries. To cater to diverse consumer preferences, the brand introduced 1-litre bottles in October 2024 and plans to launch 200ml nips in November 2024, aiming to quadruple sales.

Subscribe to enjoy similar stories. Donald Trump’s transition team is ramping up plans to replace FBI Director Christopher Wray before the end of his 10-year-term, the start of what the president-elect hopes will be a major shake-up of the agency that has been his perennial punching bag. Vice President-elect JD Vance on Tuesday tucked an announcement of the search at the end of a social-media post that began with him referring to someone as a “mouth breathing imbecile." Vance said he had recently met with Trump to interview people to be the bureau’s director, in the search for a candidate who would “dismantle the deep state." He later deleted the post.

Public Distribution System (PDS), setting new benchmarks for food security programs globally, the Union Food Ministry said on Wednesday. The overhaul of the system, which serves 80.6 crore beneficiaries, has led to the removal of 5.8 crore fake ration cards through Aadhaar-based authentication and electronic Know Your Customer (eKYC) verification, it said in a statement. «These efforts have resulted in substantial reductions in leakages and enhanced targeting,» the ministry added.

Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided in its meeting held last month to keep the policy rate unchanged for the tenth consecutive time. In April last year, the MPC stopped its rate-hike cycle by retaining the key lending rate at 6.5 per cent. The RBI had hiked rates six times in a row before it decided to pause in April last year. The impact of those rate hikes was not believed to have percolated to the ground by then. As inflation seemed to be coming under control in recent months, expectations about a rate cut grew. Though the RBI changed the stance to 'neutral' from the earlier 'withdrawal of accommodation' unanimously, it retained the key rate at 6.5%. in its last meeting in October due to high inflation. The inflation further touched a 14-month high at 6.2% for October, led by a spike in vegetable prices. It is above the RBI's mandate of 4% with a tolerance band of 2 percentage points on either side. Now, many expect the RBI to cut rates in February next year, instead of earlier expectations of a rate cut in December.

Beginning back in 2022, Jupiter began a firmwide fund overhaul, mainly targeting «subscale» portfolios with less than £100m of assets under management across its entire asset class mix. In a letter to shareholders of the Jupiter UK Smaller Companies Equity fund, the firm said it was proposing a merger of it into the Jupiter UK Smaller Companies mandate due to the «materially similar» mandates, with 92% crossover in the funds' underlying assets. Jupiter poaches European equity team from GAM Investments The UK Smaller Companies Equity fund was founded in 1999 and currently has £91.9m...

According to data from the Office for National Statistics today (20 November), the increase was largely driven by a rise in energy prices last month, although it was partly offset by the recreation and culture sector. Core inflation increased as well to 3.3% from 3.2% a month prior, still well above the Bank of England's target of 2%, as services inflations continued to remain sticky rising to 5% from 4.9% in September. BoE's Andrew Bailey warns Budget tax hikes add 'uncertainty' for interest rate cuts Chief secretary to the Treasury Darren Jones, said: «We know that families acros...

Supriya Sule and Nana Patole for their alleged involvement in using Bitcoins illegally to fund elections, and claimed their roles will surface during the probe. BJP spokesperson Sambit Patra also targeted Congress leaders Sonia Gandhi and Rahul Gandhi, and asked the Leader of Opposition in the Lok Sabha to hold a press conference on the issue. In a press conference, Patra rejected the opposition's claim that the BJP was behind the «conspiracy» to target them amid the Maharashtra polls as he claimed that the suspected crypto currency fraud occurred years back and the opposition alliance used the money in previous elections as well. It appears that the money involved so far in this scam is Rs 235 crore, he claimed.

Federal Apex Committee of the National Action Plan on Tuesday approved a comprehensive military operation, said a statement. The target of the blitz would be the leading terrorist organisations operating in Balochistan including the Majeed Brigade, Balochistan Liberation Army (BLA), Balochistan Liberation Front (BLF), and Balochistan Raaji Anjou-R-Sanger (BRAS) who targeted innocent civilians and foreign nationals to scuttle Pakistan's economic progress by creating insecurity at the behest of hostile external powers. It was decided during a meeting headed by Prime Minister Shehbaz Sharif and attended by senior civil and military officials, including Army Chief General Asim Munir.

About three-quarters of the coal-fired generators near major cities are set to miss a year-end deadline to install equipment to curb sulfur-dioxide emissions, according to people familiar with the matter, who asked not to be identified as the information isn’t public. If fully implemented, such systems could cut India’s emissions of the pollutant by almost two-thirds, benefiting air quality and public health, according to the Centre for Research on Energy and Clean Air. Sulfur dioxide breaks down into sulfates, which can account for almost a third of the particulate mass that forms India’s smog, according to Manoj Kumar, an analyst at the Finland-based research group.

Grasim Industries with a target price of Rs 2731. The current market price of Grasim is Rs 2519.25. Grasim Industries, incorporated in 1947, is a Large Cap company with a market cap of Rs 172635.15 crore, operating in a Diversified sector. Grasim Industries' key products/revenue segments include Cement, Other Operating Revenue, Scrap, Export Incentives and Sale of services for the year ending 31-Mar-2024.

Bitcoin (BTCUSD) will likely remain on watchlists Wednesday as the largest cryptocurrency by market capitalization nudges towards the $100K mark.