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MoU) between the Ministry of Petroleum and Natural Gas, India and the Ministry of Natural Resources, Guyana, on cooperation in the hydrocarbon sector. According to an official release, the proposed agreement covers the complete value chain of hydrocarbon sector including the sourcing of crude oil from Guyana, the participation of Indian companies in Exploration and Production (E&P) sector of Guyana, cooperation in the areas of crude oil refining, capacity building, strengthening bilateral trade, collaboration in natural gas sector, collaboration in developing regulatory policy frameworks in oil and gas sector in Guyana. Also, it will include cooperation in the area of clean energy, including biofuels as well as the renewables sector, including solar energy. The MoU with Guyana will strengthen bilateral trade, foster investment in each other countries and help diversify the source of crude oil, thus augmenting the energy and supply security of the country. The agreement shall enter into force on the date of its signature, remain in force for a period of five years and be automatically renewed thereafter on a quinquennium basis unless either party gives the other party written notice three months in advance of its intention to terminate this understanding. In recent times, Guyana has gained significant salience in the oil and gas sector, becoming the world's newest oil producer. The new discoveries of 11.2 billion barrels of oil equivalent amount to 18 per cent of total global oil and gas discoveries and 32 per cent of discovered oil. As per OPEC World Oil Outlook 2022, Guyana is projected to see a significant ramp-up in production, with liquids supply growing from 0.1 million barrel per day in 2021 to 0.9 mb/d in

Ayodhya, was a business manager with a leading insurance company before he lost his job during Covid-19 two years ago and was rendered unemployed. Troubles mounted when his father was diagnosed with cancer, adding to his distress.

Contrary to expectations, the rates of interest on small savings schemes, including that of Public Provident Fund (PPF), National Savings Certificate (NSC) and Senior Citizen Savings Scheme (SCSS), for the fourth quarter of financial year 2023-24 were left unchanged by the government recently, and only the rates on 3-Year Time Deposit and Sukanya Samriddhi Account Scheme have been marginally increased from 7.0% and 8.0% to 7.1% and 8.2%, respectively.

Arvind Kejriwal launched a scathing attack on the BJP, accusing them of keeping Manish Sisodia imprisoned for 11 months through «false cases» and «dictatorship.» Kejriwal highlighted their long-standing friendship stating, «This friendship is very old. Our affection and trust are very strong.

Swedish car maker Volvo Cars on Friday said its total car sales in India witnessed a 31 per cent yearly jump at 2,423 units in calendar year 2023, driven by the XC60 model. Volvo Car India had retailed 1,851 cars in the domestic market in 2022 calendar year, the company said in a statement.

Pankaj Pandey, Head Research, ICICIdirect.com, says: “We like U GRO Capital. It is a MSME lender. The overall expectation is that the AUM will grow at 50% odd and ROAs will inch up from 1% last year to 3%. We have a target price of Rs 350. We also like Green Ply with a target price of 295. Their MDF plant is operational, the capacity utilization for that should go up going forward and that should fetch better margins. We also like cement as a space, so Birla Corporation is another stock which we are liking with a target price of 1755.” What did you make of the move that we saw within the entire real estate basket, given that it was a stellar up move across the board? Pankaj Pandey: Real estate as a sector has a five, six year cycle, probably we are in the second year of that cycle but unlike 2003 to 2007, our sense is that you will see more of a measured growth both in volumes as well as in pricing, unlike the time earlier when the pricing had sort of gone up.

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America’s president, in one of his many public statements about the nearly month-long war in Gaza. Rishi Sunak, the British prime minister, has made similar comments; so has Emmanuel Macron, the French president. An emergency meeting of the Arab League last month ended with a call for “serious negotiations" towards a two-state solution.

Varun Saboo, Head-Equities, Anand Rathi Shares, says “rural economy has been doing fine. We have been of the view that the rural economy has continued doing well. It is just that the pricing growth was very strong. Prices of most products have literally doubled in the last three years. All these consumer companies – be it FMCG, be it discretionary names, be it auto companies – have seen a huge inflation. We have seen products going up around 70-80% to about 100%.” What are the return expectations considering this is going to be an eventful year, first half India elections and then second half US? Varun Saboo: If we speak about elections it is better to speak about the India side, at least the results which we saw of the state elections which went by it is kind of getting into a consensus where there is a belief that there will be a strong majority again by the current government coming in. There is a lot of euphoria around it. And that is reflected in our markets.

Also Read: Air India, SpiceJet get DGCA notice for rostering pilots who did not know how to land in low visibility Meanwhile, dense fog continues to impact life in Delhi, Haryana, Punjab, Uttar Pradesh and other states. Dense fog over Northern and North-eastern parts of the country hindered transportation services in several states including Uttar Pradesh, Chandigarh, Rajasthan and Bihar. resulted in very low visibility, affected normal life and delayed flight operations.

nuclear-power stations faster than any other country. It has also invested heavily in renewable energy (see chart 2), such that it now has around 750 gigawatts of wind and solar generating capacity, about a third of the world’s total. By the end of the decade the government aims to have 1,200GW of such capacity, more than the total power capacity of the European Union at the moment.

on an upswing and investors are encouraged to lock their investment in these deposits, one can explore the prospect of investing in another financial instrument i.e., debt mutual funds particularly the long duration ones. Although debt schemes became relatively less attractive in early 2023 after the phasing out of indexation benefit in Finance Bill 2023, the investors still opt for them for the assured returns they offer. Experts argue that the ongoing bull market has triggered the need for portfolio rebalancing which means investors are recommended to sell some of their equity assets and redeploy the proceeds to buy debt schemes so that their predetermined equity-debt ratio remains intact.

Rajat Rajgarhia, Director, Motilal Oswal Financial Services, says why should public sector banks be constrained by a historical valuation band? Why cannot they trade at 1.5x, 2x if they can deliver 16%, 17% ROE for the next 3-4 years which means that we are still talking about these stocks that can potentially double from here after doubling last year. I do not think they are anywhere close to a bubble now. I do not think if they rally another 50% this calendar year, they would still be in the bubble, just that the stories are getting better as the growth orbit becomes better.” But will it be more of the same this year as well? The same PSUs, defence, railways, renewables, power, EMS, manufacturing at large or do you think the profit pool is going to be created somewhere outside? Rajat Rajgarhia: You just pre-empted that answer of profit pool. In this country, it is very important to identify profit pools, whether you want to be a shark in a pond or a fish in the ocean and we are going to see profit pool of many sectors moving from a pond to a semi-ocean and that is where identifying some of them early, even if they have looked for a sector, for a company to be 10x in the market cap, you will always be wondered by the first 2x or 3x. But do not miss that next 3x because that happens from a size, that happens from an allocation, ?hat is why it is very important to understand how much time you spend in the market rather than thinking how do you try to time the market.

India paid an average of $85.42 per barrel for Russian oil in November, the highest since the Group of Seven (G7) advanced economies imposed a price cap of $60 per barrel to cut Moscow's revenue, preliminary government data shows. India paid 1.4% more for Russian oil in November compared to $84.20 per barrel in October, Reuters calculations based on government data show. The data also showed declining discounts for Russian oil narrowed the price gap with India's second largest oil supplier Iraq in November. India paid an average $85.73 per barrel for supplies from Iraq and $93.32/barrel for Saudi oil, the data showed. Since the imposition of the price cap in December 2022, India has mostly paid above the $60 ceiling for Russian oil that had still proved cheaper than the similar grades from elsewhere. June was an exception when prices were lower. Indian refiners buy Russian oil on delivered basis from from ports in Greece, South Korea and Spain, as well as directly from Russia. Sales from Russian ports at more than $60/barrel led to the U.S.

Mint series, dissects health insurance plans based on the ratings decided by Mint-Beshak.org. It aims to help consumers understand the salient features of each product that has made its way to the list, starting with Health AdvantEdge. Launched in August 2022, Apex Plus Plan is the latest version of Health AdvantEdge and is renewable for the lifetime.

The province’s Special Investigations Unit (SIU) says it is looking into the death of a 21-year-old woman at a home in Thunder Bay, Ont., after it says police did not respond to a domestic disturbance call.

Close family members of the Afzaals, the Muslim family murdered by Nathaniel Veltman in a vehicle attack, are sharing stories of loss, grief, and pain but also of faith and resilience at a sentencing hearing in London, Ont.

China is “not normal". This comes even as innumerable disengagement talks, diplomatic, and military talks have failed to resolve the issue in Eastern Ladakh- a trouble that has been brewing for over three years now. The Indian and Chinese troops are locked in an over three-and-half-year confrontation in certain friction points in eastern Ladakh even as the two sides completed disengagement from several areas following extensive diplomatic and military talks.

Alphabet’s Google, which owns YouTube, has consistently denied being their boss, even after NLRB officials last year deemed it a “joint employer" of the workers – a company with enough control over them to be liable for their treatment and obligated to negotiate with them if they unionize. A Google spokesperson said the company plans to appeal the ruling in federal court.

₹9,400 crore in 2021. Nanda insisted that under the Kubota partnership, the emphasis was on institutionalizing the company, and not on operating it as a family-run business. (The Nanda family owns 14.15% of the joint company.) “I always wanted to institutionalize this platform, and through Escorts Kubota, I am happy to say to our shareholders that today, this company is institutional," he said in an interview.

On the positive side, India’s aggressive push for renewable power has resulted in renewable electricity costs becoming competitive with grid power, although India still has to make round-the-clock (RTC) power competitive. A differential market approach—with high paying customers such as industry and the commercial sector being targeted as beneficiaries of RTC power—can help move the needle quicker, giving a further boost to renewable power. The residential and agricultural sectors can possibly help deal with the intermittency of renewable power better through well-designed demand-response programmes, leading to more efficient consumption and a possible push for stand-alone renewable power.