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₹3.2 trillion, the highest-ever. This would allow it to build more greenfield highways and expressways, giving a leg-up to transport infrastructure that is key to propelling economic growth. The higher capex for the roads ministry may be announced in the interim budget to be presented in Parliament in February, the person said, adding that MoRTH has already indicated the numbers in its pre-budget consultations.

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Sembcorp Industries on Monday said it has signed two separate agreements to acquire 428 MW of wind power assets in China and India for 200 million Singaporean dollar (about Rs 1,247 crore). Sembcorp, backed by Temasek Holdings Pte, will acquire 228 MW of operational wind power assets of Leap Green Energy Pvt Ltd for 70 million Singaporean dollar and 200 MW of Qinzhou Yuanneng for 130 million Singaporean dollar, the company said in a statement. With the latest acquisition, the company now has a balanced portfolio of 3.7 GW of renewable assets in India, comprising 2.25 GW of wind and 1.45 GW of solar assets. Last year, the company acquired Vector Green, adding 583 MW of renewable assets to its portfolio. «Sembcorp’s wholly-owned subsidiary, Sembcorp Energy (Shanghai) Holding Co., Ltd, has signed an agreement with Envision Energy Co., Ltd to acquire 100% of the share capital in Qinzhou Yuanneng Wind Power Co., Ltd, (Qinzhou Yuanneng) for an equity consideration of approximately S$130 million[1]. Qinzhou Yuanneng owns 200MW of operational wind assets in Guangxi, China,» the company said in a press statement, adding that separately, Sembcorp’s wholly-owned subsidiary, Green Infra Wind Energy Limited (GIWEL), has signed an agreement with Leap Green Energy Private Limited (Leap Green Energy), an independent power producer in Tamil Nadu, India. «Under the agreement, GIWEL will acquire from Leap Green Energy, 100% of the share capital in two special purpose vehicles (SPVs) for an equity consideration of approximately S$70 million.

RBC Capital upgraded shares of Mondelez (NASDAQ:MDLZ) to Outperform from Sector Perform in a note Monday, raising the price target for the stock to $83 from $75 per share.

In the ever-evolving realm of cryptocurrencies, Bitcoin (BTC), the flagship digital asset, remains resilient, consistently hovering above the $37,000 threshold on Monday. The broader crypto market, with a global cap of $1.42 trillion, witnessed a modest 24-hour dip of 1.22 percent. Yet, there’s an air of optimism as the market gradually rebounds, fueled by robust investor confidence.

JERUSALEM (Reuters) — The Bank of Israel kept short-term borrowing rates unchanged for a fourth straight decision as expected on Monday, as policymakers remained focus on maintaining financial stability worried during Israel's war against Hamas.

BEIJING (Reuters) -China's central bank on Monday said it would fend off systemic risks to the economy and use forceful and targeted monetary policy to better support domestic demand.

A15 Bionic chip, 5G connectivity, and seamless integration with the second-gen Apple Pencil, the 2021 release underscored Apple's unwavering dedication to pushing the boundaries of innovation. Rumors suggest that the forthcoming iPad Mini will feature an enhanced A16 Bionic chip, elevating its performance capabilities. There are also speculations about improvements to both the front and rear cameras.

₹1,000 crore towards its maiden credit fund, marking its entry into private credit. True North, with assets under management of over $3 billion, raised capital from Indian ultra-high net worth individuals (UHNIs) and family offices. It will look to deploy the capital over the next five years and is targeting a 15-18% internal rate of return (IRR), Vishal Nevatia, founder and managing partner, True North and Kapil Singhal, managing partner at True North’s private credit unit said.

The Domino's Pizza (NYSE:DPZ) price target was raised to $430 from $410 by TD Cowen analysts on Monday, ahead of the Outperform-rated company's investor day on December 7.

Pinterest (NYSE:PINS) shares rose about 1% in early New York trading on Monday after a prominent research firm initiated positive research coverage.

Disrupting the way that alternative asset fund managers connect with wealth managers is the target for a new feature from a global fintech.

Bharatiya Janata Party Telangana chief G Kishan Reddy on Monday said that Chief Minister K Chandrashekar Rao and his son KT Rama Rao are going to lose their respective constituencies in the November 30 state assembly elections. The BJP chief in the poll-bound state said that KCR is going to lose both his seats--Gajwel and Kamareddy--to BJP contestants.

Analysts at Citi lowered the price target on Ulta Beauty (NASDAQ:ULTA) by $35 to $440 per share on expectations the company will miss analyst targets when it reports this week.

commerce ministry is working to address issues related to non-tariff barriers and market access for domestic products in sub-Saharan African countries like Nigeria, Ethiopia, Ghana and Gulf nations to boost India's exports, an official said. The official said meetings have been held with Indian missions of the sub-Saharan African countries with which India has significant bilateral trade. The major trading partners of India in that region in 2022-23 were South Africa (total trade USD 18.9 billion, exports USD 8.5 billion); Nigeria (USD 11.85 billion, exports USD 5.15 billion); Togo (USD 6.6 billion, exports USD 6 billion), and Tanzania (USD 6.5 billion, exports USD 3.93 billion). The other countries were Mozambique (USD 5 billion, exports USD 2.5 billion); Angola (USD 4.22 billion, exports USD 621 million); and Kenya (USD 3.4 billion, exports USD 3.2 billion). «A virtual meeting with Indian Mission of top 10 countries (bilateral trade-wise) in sub-Saharan African region was held in September to discuss the overall economic and commercial relations with those countries, export performance and non-tariff barriers which are acting as impediments to bilateral trade and enhance exports,» the official said. A similar meeting was also held with Indian Missions in GCC countries. GCC is a union of six countries in the Gulf region — Saudi Arabia, the UAE, Qatar, Kuwait, Oman, and Bahrain.

Young Yashasvi Jaiswal who is part of the India squad for the ongoing India-Australia Series apologised to his teammate Ruturaj Gaikwad for the unfortunate runout after he received the 'Man of the Match' award. «It was my mistake. I went to him and said sorry.

By Paul Carsten

Sai Silks (Kalamandir) has been seeing strong investor interest, rising almost 35 percent from its issue price in just 2 months. In a recent note, domestic brokerage house HDFC Securities has initiated coverage on the stock with a ‘buy’ recommendation and a target price of ₹385, indicating an upside of 29 percent from its current market price of ₹298.75, as on November 24. The bullish call is on the back of strong financial performance, a robust track record, and a healthy growth potential in the saree industry.

Mumbai Trans Harbour Link (MTHL) – the 23-km bridge connecting Sewri to Nhava Sheva – will be heavily subsidised by the Maharashtra government, a report said on November 27. The toll charge, which is yet to be announced, is likely to be subsidised by around 40-50 percent, the Times of India reported, citing persons privy to the matter.

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