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Subramanian Sarma, Member of the Board, L&T, says there are currently two to three key themes: a) Ongoing development of traditional fossil fuels, particularly oil and gas; b)collective efforts to enhance green initiatives and reduce carbon footprints, including opportunities in blue and green ammonia, renewable energy, and gas-to-power projects; c)exploration of monetizing and increasing value through petrochemical facilities. Each theme offers significant opportunities, with current prospects estimated between $10 billion and $12 billion. L&T will need to monitor these developments in the coming quarters. Sarma says they are also looking at gas to power opportunities in the Middle East. They have a bit of a preferred status there with one of the main developers with whom we have been working, and so something might unfold. All in all, that business is looking much more buoyant. At least for the next two-three years, he sees a good momentum. How are things looking up because we were just talking with the management of KEC and he pointed out how the power transmission orders and the other EPC orders seem to be picking up in that region. Is that something you are witnessing as well – increased expenditure when it comes to public infrastructure as well as the entire energy space in the Middle East? Subramanian Sarma: Yes, it is very consistent with what the KEC management has said.

«And of course, we have seen profitability in some of the big manufacturing companies come down, which is also going to weigh on growth, so on the whole domestic demand contribution to growth we think will be softer than expected,» says Sonal Varma, Nomura. This 6.5% figure for Q2 GDP, is it closer to your expectation as well? Sonal Varma: We think it will be closer to the lower end of that range. So, we are expecting Q2 at 6.3%. So, slightly below consensus expectations of 6.5% and also below RBI’s forecast of 7%. I mean, in particular, in our view, we are likely to see a bigger drop in private consumption. Even fixed investment where we saw government spending pick up, our view is the private side of investment, things like construction activity indicators have been quite soft. And of course, we have seen profitability in some of the big manufacturing companies come down, which is also going to weigh on growth, so on the whole domestic demand contribution to growth we think will be softer than expected.

Since 1943, the people of Appalachian Kentucky, Virginia, and Tennessee have looked forward to Santa’s arrival

Canada Post confirmed on Thursday it is laying off some striking postal workers as the nationwide work stoppage hits the two-week mark, but said the action is temporary.

real estate sector in India, a major contributor to economic growth, has traditionally relied on manual processes and outdated systems, making asset management inefficient. However, the adoption of advanced technologies like artificial intelligence (AI), predictive analytics, and drone technology is driving a paradigm shift. These innovations are addressing long-standing challenges, enhancing transparency, and opening up new opportunities for growth in a competitive market.

TRAI has intensified its efforts to combat the growing issue of cybercrime, particularly involving fake calls and fraudulent messages. To address these concerns, new rules were introduced on 1 October, requiring telecom providers to establish a system for tracking the origins of bulk messages.

Tamil superstar Ajith Kumar is back in the headlines, not for his acting prowess. He is all set to reignite his passion for motorsports by returning to the racing track. Known for his versatility both on-screen and off, Ajith’s upcoming racing endeavor has captured the attention of fans and fellow celebrities alike, with many hailing his fearless pursuit of dreams. Fellow actor Madhavan has expressed his admiration for him. Madhavan praised Ajith’s relentless pursuit of his dreams, highlighting his incredible determination and unwavering commitment. Madhavan shared his excitement about the upcoming racing season, expressing his eagerness to watch Ajith in action on the track. For Madhavan, Ajith's drive to follow his passions, regardless of challenges, is truly inspiring. «What an unbelievable and incredible man… He just goes after his dreams, no matter what… » Madhavan said in a post with a video of Ajith Kumar in racing gears. The respect between the two actors is clear, with Madhavan acknowledging Ajith’s remarkable ability to chase his goals with such dedication.

Defence Ministry said on Wednesday its forces had taken control of the settlement of Nova Illinka, close to the embattled Donetsk region town of Kurakhove in eastern Ukraine. Ukraine's military made no mention of Nova Illinka in its daily dispatches. The town lies on the opposite bank of a reservoir from Kurakhove, one of the focal points of a steady advance through Donetsk region by Russian forces. But Deep State, a popular Ukrainian blog tracking the movements of the armed forces, said more than a week ago that Nova Illinka had fallen into Russian hands.

The average rate on a 30-year mortgage in the U.S. eased this week, though it remains near 7% after mostly rising in recent weeks

Fortnite Remix: The Finale live event is a major concert experience happening in-game. This event showcases global artists, exclusive tracks and special in-game rewards for participants.

The number of deals and their value are both below pre-pandemic levels. In the U.S. deal values fell 23 per cent in 2023 from just before the pandemic, while the number of deals slumped 20 per cent. The current year is on track for and even deeper slump, according to Dealogic, as per a report on AP. That could change thanks to the Federal Reserve loosening its interest rate policy and returning President Donald Trump vowing to slash regulations. Trump's planned cuts to the Federal Trade Commission could also mean less staff scrutinizing antitrust concerns.

e-Daakhil portal' — an inexpensive, speedy and hassle-free mechanism for filing consumer complaints — has been rolled out successfully in all states and union territories. The government is also working for launch of e-Jagriti, which will further streamline case filing, tracking, and management, ensuring a hassle-free experience for consumers and other stakeholders, it said. In a statement, the consumer affairs ministry said with the recent launch of e-Daakhil portal in Ladakh, the online platform is now accessible to consumers pan-India.

Subscribe to enjoy similar stories. Every month, Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India.

A ransomware attack that hit a major software provider last week caused disruptions for a handful of companies over recent days, from Starbucks to U.K. grocery giant Morrisons

President-elect Donald Trump is threatening tariffs on Mexico and Canada as he seeks to portray them as responsible for illegal immigration and drug smuggling

The Federal Housing Finance Agency is increasing the size of home loans that the government can guarantee against default as it takes into account rising housing prices

President-elect Donald Trump will return to power next year with a raft of technological tools at his disposal that would help deliver his campaign promise of cracking down on immigration — among them, surveillance and artificial intelligence technolog...

Donald Trump is coming back to the White House, but don't expect another “Fire and Fury,” or much fire and fury in book publishing in general

NCRTC has launched real-time train tracking and live parking status features on its RRTS Connect application, a statement said on Tuesday. The commuters of the Namo Bharat trains can now benefit from these features which will make their travel experience smoother and more efficient, it said. The live train tracking feature offers commuters up-to-the-minute updates on train arrivals, showing the exact status and location of the Namo Bharat trains. This feature also provides information on the next station along with the distance and estimated arrival time, it said.