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NEW DELHI : The government may demand higher dividend payouts from state-run companies should it miss revenue targets because of sluggish tax collections or lower-than-expected asset sale proceeds, two people familiar with the matter said. It may also seek special dividends from state-run oil companies, which have reported bumper profits because of soaring crude prices, one of the two people said. However, the plans will depend on the movement of crude oil prices in the coming months and the profitability of these firms.

NEW DELHI : The National Highways Infra Trust (NHIT), the investment trust sponsored by the National Highways Authority of India, plans to raise as much as ₹9,000 crore after Diwali through a mix of debt and equity, two people familiar with the development said. The infrastructure investment trust’s (InvIT’s) third round of fundraising, involving the monetization of six 250km highway stretches, will be conducted in phases, targeting domestic and global investors. Additionally, a proposed non-convertible debentures (NCD) issue, the size of which would be similar to last year’s ₹1,500 crore, would also be offered to retail investors with assured returns of close to 8%, the people said on the condition of anonymity.

Narendra Modi unveiled this ambitious project on 9 September during the G-20 summit in New Delhi. It has the potential to change face of Asia and Europe through the building of transport and communication links via rail, road, and the sea. Along with the US, Saudi Arabia, UAE, the EU, Italy, France, and Germany have signed a Memorandum of Understanding for this project.

New Delhi: A likely expansion of the economy at slower than the estimated rate of 10.5% in nominal terms this year could make it harder for the government to realize tax revenue targets for FY24, putting pressure on spending in coming months, according to experts. The wholesale price index (WPI)-based inflation, which is in the negative territory, could mean India’s gross domestic product (GDP) growth rate without adjusting for inflation may be a little more than 9% in FY24, below the budget estimates, experts said. This would necessitate re-prioritizing the spending programme to make sure funds flow to the highest priority items so that the fiscal deficit target can be achieved, experts said.

New Delhi: An end of year deadline for a free trade deal between India and the European Union is unrealistic, the 27-nation grouping’s Ambassador to India, Hervé Delphin, said in an interview. Stressing the need for a level playing field for European businesses, Delphin cited concerns about India’s regulatory uncertainty as a potential dampener on EU investments. Edited excerpts: I don’t think that, to my knowledge, India has had such a large-scale FTA with any other partner.

By Louis Juricic and Sarina Isaacs

Gaza while their fighter jets have struck hundreds more Hamas targets, the Israeli military said on Sunday, in what Prime Minister Benjamin Netanyahu has called the second phase of a three-weekold war. Palestinian media said telephone and internet communications were partially restored in Gaza on Sunday after a more than day-long blackout that had badly impacted rescue operations as Israel pounded targets of the militant Hamas group that controls the territory. “Israel cut us off from the world in order to wipe us out, but we are hearing the sounds of explosions and we are proud the resistance fighters have stopped them at meters distance,” said Shaban Ahmed, a public servant who stayed in Gaza City despite an Israeli warning to evacuate south. Ahmed said he only found out on Sunday that his cousin had been killed in an air strike on Friday because of the blackout. Israeli Defence Force (IDF) fighter jets struck over 450 military targets belonging to Hamas in the Gaza Strip, including operational command centres, observation posts, and anti-tank missile launch posts, the military said. “We are gradually expanding the ground activity and the scope of our forces in the Gaza Strip,” military spokesman Rear Admiral Daniel Hagari told a briefing.

White House national security adviser Jake Sullivan on Sunday would not acknowledge differences between the U.S. and Israel over the military assault on Gaza, but emphasized that Washington was being candid with its ally. Faced with growing outcry over Israel's bombardment of Gaza since the deadly Oct.

Emily Blunt and Chris Evans, "Pain Hustlers" delves into the meteoric rise, tumultuous fall, and the enduring devastation wrought by the corruption within the pharmaceutical industry. The film unearths the lives of Zanna Pharmaceutical's representatives and the unscrupulous lengths they went to in their relentless pursuit of drug sales.

World Cup was played between India and England in Lucknow, India's Rohit Sharma entered in the top five after scoring a brilliant 87 runs under testing conditions. Rohit also overtook Virat to become India's leading run-getter in this World Cup for India. Here is a look at the top ten batsmen who scored maximum runs till the India-England game: Quinton de Kock who has scored three centuries in this World Cup is at the top of the chart and is one of the main reasons for South Africa's brilliant performance in the World Cup.

₹75,700 crore universal service obligation (USO) fund to be used for telcos’ capex or investments on networks, which is 5% of the telcos’ overall adjusted gross revenue, and is part of the 8% licence fee they pay to the government. The fund is used for ensuring connectivity in places where there is none, primarily in far flung areas with tough terrains and poor access.

Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks to tackle inflation without damaging the resilient US economy. Analysts and traders parsing recent Fed speeches overwhelmingly expect the US central bank to hold rates steady for the second meeting in a row as it looks to return inflation to its long-term target of two percent. «Fed commentary has all but confirmed that the Fed will stay on hold in November,» Bank of America economists wrote in a recent note to clients. Interest rate hikes slow down inflation by raising the cost of borrowing from the bank, which dampens economic activity and weakens the labor market. Since peaking at more than seven percent in June last year, inflation as measured by the Fed's favored yardstick has fallen by more than half — though it remains stuck firmly above three percent. Futures traders assign a probability of 99.9 percent that the Fed will vote to hold rates steady in November, according to CME Group data. In a surprising development for many analysts, the Fed's aggressive interest rate policy has not pushed the world's largest economy into a recession, and it looks unlikely to do so in the coming months. In fact, resilient consumer spending fueled higher-than-expected annualized growth of 4.9 percent in the third quarter, building on positive growth in the first half of the year. At the same time, hiring has picked up and unemployment remains close to historic lows. «I always say it is a mistake to bet against the American people,» President Joe Biden said in a statement Thursday, shortly after the latest GDP figures were released. «I never believed we would need a recession to bring inflation down — and today we

Investing.com — Fear across global markets is expected to hit fever pitch in the coming week, with stock markets likely tanking and favorite commodity plays oil and gold rising, as Israel enters the much-anticipated heightened phase of its war with Hamas, attacking Gaza from land, air and sea.  

By Emily Rose and Nidal al-Mughrabi

Maruti Suzuki India Ltd is in top gear. It clocked record sales volumes and revenue in the September quarter (Q2FY24). But the hero was Ebitda margin at 12.9%, beating expectations.

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power sector, South Eastern Coalfields Limited (SECL) said in a statement. «SECL has achieved 100 million tonnes (MT) of coal dispatch for FY23-24.

Niti Aayog's, the government's think-tank, is finalising the draft Vison 2047, projecting India to be $30 trillion economy and will lay out a roadmap to help India escape the middle-income trap as India becomes a developed nation by 2047. The document, which will be released by PM Narendra Modi, and made public over the next three months will focus on radical restructuring of the government, NITI Aayog CEO BVR Subramanian said in a select media briefing on Sunday. The Aayog, which has harmonised and combined the recommendations of the 10 secretary-level sectoral groups, will hold final presentation to these group in the first week of November followed by meeting with thought leaders including industrialists and academia in the third week of November as it plans to finalise the draft document by December 2023. According to Subramanian, the government has projected India's population to be 150 crore by 2047 and the per capita income of $18,000-$20,000 by 2047 based on which the broad vision has been firmed up. «For India to be a developed nation, we need to recast the whole government in a way that decisions are taken at the lower level while upper level is responsible to strategise for a better future with targetted intervention,» he said. Niti Aayog has done macro modelling, fixing tangible goals for the country by 2030 and structural changes needed by 2047 to make India a Viksit Bharat as envisioned by PM Modi, Subramanian said. The Vision 2047 document, the work on which kick-started in December 2021, will see greater role of states in implementing the policies as Centre and states work together as Team India.

Pakistan have lost four matches on the trot at an ODI World Cup, which has left Babar Azam's side on the verge of elimination.

At 9:30 am on Sunday morning, a series of explosions reverberated through the usually serene environs of Kalamassery town in Ernakulam district of Kerala, around 200 km from the state capital Thiruvananthapuram, sending shockwaves through the state and the nation. At least one person (as yet unnamed) was killed and dozens were hurt. Shaik Darvesh Saheb, head of the state police, confirmed to journalists that an IED (improvised explosive device) was used in the multiple explosions.

Also Read: Week Ahead: Q2 Results, PMI data, auto sales, US Fed Policy, global cues among key market triggers this week The GNFC stock has displayed a strong resurgence, characterized by a long-legged doji candle testing its previous breakout resistance. Notably, the subsequent candle is significantly bullish, indicating a strong comeback by the bulls. Currently, the stock is trading above its 20-day EMA, with an RSI of 62, signifying strong momentum.