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Department of Telecommunications has noted Vodafone Idea's failure to close a funding from the US International Development Finance Corporation (DFC) for deployment of Open-RAN and related technologies, despite assurances by the telco that it would do so four months ago. The government is the biggest shareholder in the cash-strapped carrier with a 33.1% stake. Payment moratorium ends in FY26 «Vi had reported verbally that it is in discussions with US International Development Finance Corporation (DFC) for funding Open-RAN & related technologies, but no progress has been reported even after lapse of four months,» the DoT said in a January 4 confidential report on Vi.

interim budget for FY25, from the budget estimate for this year, as it aims to balance the need for sustained growth with fiscal consolidation imperatives, people aware of deliberations said. With the economy continuing to grow at a robust pace, the government is of the view that fiscal consolidation needs greater attention, they said. According to the first advance estimate, India's gross domestic product (GDP) is forecast to grow 7.3% in FY24, bettering the preceding fiscal year's 7.2%. FY24's budget had raised spending by 14.1% over the FY23 budget estimate — to ₹45 lakh crore. FY24 expenditure growth was up 7.5% over the provisional number for the last fiscal year. The Centre will continue quality spending next fiscal by raising capital expenditure, albeit at a slower pace than in recent years, a government official told ET. Muted hike in capex This, while lifting revenue spending at a moderate rate, the official said.

Investing.com-- Australian consumer sentiment deteriorated in early-January, a private survey showed on Tuesday, as signs of sticky inflation kept respondents on edge over more interest rate hikes and lower household savings.

free trade agreement (FTA) between India and the UK are either finalised or at an advanced stage of talks, a government official said on Monday. Additional Secretary in the Department of Commerce L Satya Srinivas said that the 14th round of negotiations between the officials of the two countries is underway here. «The majority of the chapters are either closed or at an advanced stage of negotiation.

Akali Dal (SAD) striving to regain Panthic support and unite all Akali Dal factions, Punjab-based party leaders feel the environment is not favourable for alliance with former decades-old ally BJP. Akali leaders believe the party would continue its alliance with BSP and may form a grand alliance by joining hands with Left parties, including CPM and CPI. Last month, on Akali Dal's 103rd anniversary, Badal apologised for his government's «administrative failures» in the 2015 sacrilege cases and urged for breakaway reunification for Panthic unity. He publicly apologised for failing to apprehend Guru Granth Sahib desecration culprits in 2015 under his tenure. Akali Dal has always highlighted Sikh issues, but after the defeat in 2022 assembly polls, Badal has been trying to reclaim panthic votes and shared the stage with hardline Sikh leaders like SAD (Amritsar) president Simranjit Singh Mann and Sikh preacher Baljit Singh Dadduwal.

₹450 crore currently, as it aims to tap into the growing demand for pre-cooked food items across international and domestic markets. Currently, 98% of the Mumbai-based company’s revenues come from overseas sales, but it is ramping up its domestic business with the newly-launched pickle and cooking pastes brand Soul, which it plans to grow to ₹100 crore in the next three years, its chairman and managing director Bimal Thakkar told Mint in an interview. The company will invest ₹100 crore over the next two years to expand its manufacturing capacity, while eyeing acquisitions for inorganic growth.

(Reuters) — Much of the United States remained gripped by an Arctic blast on Monday, cutting power to tens of thousands of customers in northern states and Texas and potentially dampening turnout in Iowa, where voters will cast the first ballots for a Republican candidate in November's presidential race.

Global public debt in 2023 reached historical highs that have put the world economy’s growth at risk. And International Monetary Fund (IMF) projections point to this burden growing much faster in the next five years than its pre-pandemic projections. This time, rising debt is a trend across the board.

₹250. It is not allowed to stop vehicles on the bridge. However, social media was filled with videos and photos of people who reached MTHL only to click selfies.

—Name withheld on request Your query presupposes that you are a NRI and thus, by reference to the term ‘NRI account’, I am making the assumption that you are referring to NRO (non-resident ordinary) savings account, whereas by reference to the term—‘domestic FDs’, I am making the assumption that you are referring to NRO (non-resident ordinary) FDs. Under the first scenario, in order to place money in NRE (non-resident external) FD, it is not necessary for you to route the funds through outwards remittance from NRO savings account to your foreign bank account and subsequent inward remittance to place the NRE FD. You may simply transfer money in India from NRO savings account to place a fixed deposit directly in NRE FD.

At the start of 2024, investors are focused on identifying headwinds and tailwinds for individual countries as well as assessing global propositions, in what promises to be another eventful year as central banks continue their battle with inflation and elections loom in the US and the UK.  

Across the US, millions of Americans are grappling with the harsh grip of this arctic air, descending from Canada, ushering in frigid temperatures well below zero. The prevalent weather conditions pose significant dangers and potential life-threatening situations amid this intense winter weather.

Though the Federal Reserve stopped raising interest rates last summer, it is quietly tightening monetary policy through another channel: shrinking its $7.7 trillion holdings of bonds and other assets by around $80 billion a month. Now that, too, may change. Fed officials are to start deliberations on slowing, though not ending, that so-called quantitative tightening as soon as their policy meeting this month.

Ram will be placed at its position at the 'Garbh Griha' of the temple on January 18 and Pran Pratishtha will take place at 12.20 pm on January 22. Addressing a press conference, Rai said that the muhurat (auspicious timing) was decided by Ganeshwar Shastri Dravid of Varanasi. "The religious rituals will begin from Jan 16 and will continue till Jan 21.

A U.S. company's lunar lander will soon burn up in Earth's atmosphere after a failed moonshot

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Winter storms and cinema closures in North America didn’t dampen the opening weekend for “Mean Girls.”

Members of a group of men who say they were sexually abused as boys by a Japanese entertainment mogul are accusing the company behind the scandal of not being sincere in dealing with the victims and say many have not received compensation

cargo shipped along the Northern Sea Route (NSR) in 2023 totaled 36.254 million tons which is more than 250 thousand tons above the target set in the “Development of the Northern Sea Route” federal project being implemented under Russia's nuclear major Rosatom. Rosatom Director General Alexey Likhachev said that the cargo shipping record was set even before the end of the year thanks to partner companies that had found an opportunity to redirect their cargo from west to east, including first of all PAO NOVATEK, LNG accounts for more than half of the cargo, as well as Gazprom Neft, LUKOIL, PJSC MMC Nornickel. «In 2023, we saw intensified transit traffic, 2 million 129 thousand tons of cargo were shipped, which makes it a historical peak. “Transit cargo shipping evidences the NSR popularity, therefore its intensification from the maritime logistics point of view is the most important result,” noted Vladimir Panov, Rosatom Special Representative for the Arctic development. It is also worth noting the growing interest of foreign shipping companies in the Northern Sea Route including from India. In addition, there were 3 round regular domestic voyages along the Northern Sea Route from the northwestern part of Russia to the regions of the Far East in 2023. The Northern Sea Route (NSR) is the shortest shipping route connecting the western part of Eurasia and the Indo-Pacific region. The goal of the “Development of the Northern Sea Route” project is to create infrastructure to facilitate the increase in cargo shipping as well as in the total capacity of seaports.

Jakarta: Indian shooters' gold rush continued in the Asia Olympic Qualifiers with Yogesh Singh winning the top prize in individual as well as team event of the men's 25m centre fire pistol competition on Monday. Yogesh claimed the individual gold medal after shooting 573, finishing ahead of silver winner Muad Al Balushi of Oman (570) and Indonesia's Anang Yulianto (567).

Opponents of diversity programs are increasingly banking on an 1866 civil rights law meant to protect Black people from economic exclusion as a way to challenge corporate diversity and equity policies as well as funding to Black-owned businesses