(The views expressed here are those of the author, a columnist for Reuters.) By Clyde Russell LAUNCESTON, Australia, Nov 28 (Reuters) - Asia's imports of crude oil ticked up slightly in November, led by a recovery by top importer China, but arrivals are still on track to be weaker this year than in 2023. The top crude-buying region is forecast to import 26.42 million barrels per day (bpd) in November, up marginally from October's 26.11 million bpd and 26.24 million bpd in September, according...Read More
Bank Nifty began today's session slightly higher at 52,390 versus yesterday's close of 52,302. It rallied after opening and is now at 52,640, up 0.65 per cent, thus outperforming the benchmark Nifty 50, so far. The advance/decline ratio stands at 11/1, indicating a strong bullish inclination. Punjab National Bank, up 1.7 per cent, is the top gainer. Whereas Federal Bank is the only index constituent that is down so far; it has lost 0.25 per cent at the end of the first hour of today's sess...Read More
Wellington: A police car collided with the rear of an official limousine transporting New Zealand's Prime Minister Christopher Luxon and Finance Minister Nicola Willis in Wellington, officials said Thursday. The minor crash occurred Wednesday afternoon on the main road to the airport in Wellington, New Zealand's capital, where the parliament is located. No one was injured in the incident. Police have launched an investigation into the collision. The Department of Internal Affairs -- the agenc...Read More
An Enforcement Directorate team undertaking searches in a cyber fraud linked money laundering case was allegedly attacked in New Delhi on Thursday, officials said. IMAGE: The scene of the attack on the ED team, New Delhi, November 28, 2024. Photograph: Courtesy, ED on ANI/X The federal agency has registered a police FIR about the incident that took place in the Bijwasan area of the national capital. The probe pertains to a case against the PPPYL cyber app fraud. The alleged accused i...Read More
China and Hong Kong stock markets are facing a downturn as investors express concerns about a potential escalation in the U.S.-China trade war, particularly over proposed tariffs and restrictions on chip sales. This has negatively impacted sectors including automotive, with BYD leading declines. China and Hong Kong stocks continued their downward trajectory on Thursday, following a brief recovery in the previous session. Investor sentiment remains subdued amidst fears of an escalation in the ...Read More
QINGDAO, China, Nov. 28, 2024 /PRNewswire/ -- On November 26, the China Hotel Overseas Investment Conference, hosted by Sunmei Hotels Group, was successfully held at Mövenpick by Accor Qingdao Sunmei. During the conference, Sunmei Hotels Group announced the establishment of Sunmei Group International (SGI) and launched three overseas core brands: SHANKEE, PENRO, and LANOU, marking a new chapter in the UAE market. Distinguished guests attending included Mr Budi Hansyah, Trade Attache of the Embas...Read More
Starlink Program, the flagship project of CoinEx Charity's "Bridget to Hope" initiative, aims to bridge the digital divide by providing high-speed satellite internet to remote areas. This project empowers communities by improving access to education, economic opportunities, essential government services, and even crypto adoption. (Click the video to learn more about:CoinEx Charity Launches First Starlink Unit in the Philippines) First Deployment: Municipality of EB Magalona, Negros Occiden...Read More
In a notable performance, Getty Realty Corp (NYSE:GTY)'s stock reached a 52-week high, touching $33.29. This peak reflects a robust phase for the real estate investment trust, specializing in the ownership, leasing, and financing of convenience store and gasoline station properties. Investors have witnessed a significant uptick in the company's stock value, with a 1-year change showing an impressive 13.89% increase. This surge underscores the market's positive reception to Getty Realty's strateg...Read More
MOSCOW (Reuters) - Sanctions imposed by the United States on Russia's third largest lender Gazprombank, which handles the energy trade, are behind the rouble's free fall in recent days, a top executive from VTB, Russia's second largest bank, said on Wednesday. "My assumption is that the sanctions against Gazprombank have had a significant impact, as it has ceased to be a channel for delivering foreign currency to the Moscow Exchange," Dmitry Pyanov told reporters. Pyanov added that stabilisati...Read More
Noida: The Noida Authority will soon acquire land off the Noida Expressway to develop an industrial zone in Sector 165. The acquisition will cover approximately 25 hectares of land spread across four villages - Mohiyapur, Gulawali, Dostpur Mangrauli, and Nalgarha. Land for the same will be bought from farmers through mutual consent, which officials noted is a collaborative approach to ensure smooth proceedings. Officials revealed that while the Authority already has a similar area under its pos...Read More
Ghaziabad: The police arrested a couple on Wednesday for robbing a pedestrian in Crossings Republik on Nov 15. Wave City ACP Lipi Nagayach said unknown individuals on a scooter snatched a woman's gold chain near Ajnara market in the Crossings Republik area on Nov 15. Once the woman filed a complaint, a case was registered under section 304 (snatching) of BNS, and police teams were formed to probe the incident. "With the help of CCTV footage, manual input, surveillance, and a tip-off, Vivek Pan...Read More
Alber doubled Williams-Sonoma's business since 2010 and widened the margin; growth is expected to continue and support a healthy capital return. There are many reasons to own a stock, and the CEO is one of them. The right CEO can be the defining factor in a company's success, shaping operations, driving growth, and delivering substantial shareholder returns. Strong leadership often signals not just steady performance but transformative potential. Brian Niccol and Laura Alber are prime examples...Read More
In 2025, Ecuador is set to unveil a host of groundbreaking tourism initiatives. This follows a consistent uptick in tourism revenues, attracting both local and global hospitality enterprises to invest in the nation's tourism infrastructure. These developments include the introduction of new hotels and cruises, supplementing an existing array of 4,957 hotels and 15 cruise operations. The Ministry of Tourism of Ecuador reports a visitor count exceeding 589,000 in just the first half of the year, ...Read More
French Prime Minister Michel Barnier faces a significant political challenge as his budget proposal encounters resistance in a divided parliament. His coalition could collapse if a no-confidence motion is pushed by opponents, risking financial instability and investor confidence. Ongoing negotiations are crucial as deadlines loom. French Prime Minister Michel Barnier's government is teetering on the brink of collapse amid struggles to pass the 2025 budget through an increasingly divided parliam...Read More
The High Court criticizes state government for inaction on recurring food poisoning at Maganur Zilla Parishad High School, questioning intervention only after court orders, despite worm-infested food concerns. Hyderabad: A two judge bench of the Telangana High Court comprising Chief Justice Alok Aradhe and Justice J. Sreenivas Rao on Wednesday came down heavily on the State government over the recurring incidents of food poisoning at the Maganur Zilla Parishad High School in Narayanpet district...Read More
New Delhi The Andhra Pradesh government on Wednesday told the Solar Energy Corporation of India (SECI) that it has granted extension to the Adani Green Energy (AGSL) till December 25, 2024 for supply of renewable energy to the state. Sources told businessline that Andhra Pradesh government's communication to the renewable energy implementing agency (REIA) said that they have agreed to give a second extension to AGEL. The first extension was given in January-February 2024. As per the bids secu...Read More
KSEB Chairman and Management Director Biju Prabhakar has painted a grim picture of the finances of the State power utility, observing that it now has to spend ₹900 crore on power purchases and ₹300 crore on loan repayment every month. The observations are part of a note circulated among the officers' associations of the KSEB for their feedback and suggestions. Loans and overdraft together constitute around ₹10,874.26 crore. While the monthly revenue stands at ₹1,750 crore, the expenditure is ₹...Read More
New Delhi [India], November 27 (ANI): Indian Railways is advancing the electrification of Broad Gauge railway lines at a mission-driven pace, achieving approximately 97 per cent electrification of its total Broad Gauge network, Union Minister of Railways, Information and Broadcasting, and Electronics & Information Technology, Ashwini Vaishnaw stated in a written reply in the Lok Sabha. Vaishnaw noted that around 45,200 route kilometres of the Broad Gauge network have been electrified since 2014...Read More
Bank of India (BOI) has raised ₹5,000 crore from a long-term bond (infrastructure) issue on a private placement basis. Bids amounting to ₹13,700 crore were received and the issue was oversubscribed by 6.85 times against the base issue size of ₹2,000 crore. It also had a green shoe option of ₹3,000 crore. The bank has decided to accept bids of ₹5,000 crore at coupon rate of 7.41% per annum, State-owned lender said in a filing on Wednesday. The issue was an unsecured, subordinated, redeemable, n...Read More
CHENNAI: Several express train diversions, short termination, change in origination and rescheduling announced earlier by Southern Railway stands cancelled and would run as per normal schedule without any changes. Train 13352 Alappuzha-Dhanbad Express leaving Alappuzha at 6 am on November 28 (Thursday), Train 22648 Kochuveli-Korba Superfast Express leaving Kochuveli at 6.15 am on November 28 (Thursday) will run as per normal schedule. Earlier notified diversion to run via Perambur, Vyasarpadi ...Read More
Oceanic Foods Ltd resolved allegations of disclosure violations by the Securities and Exchange Board of India (SEBI) by paying a settlement fee of Rs 12.22 lakh. The case stemmed from non-disclosure of a NCLT petition and bank account freeze by its ex-CEO. SEBI concluded the proceedings post-settlement. In a move to resolve regulatory discrepancies, Oceanic Foods Ltd, a publicly traded firm, has paid Rs 12.22 lakh to settle allegations made by the Securities and Exchange Board of India (SEBI). ...Read More
Indian billionaire Gautam Adani faces U.S. charges in a $265 million bribery scheme, shaking his conglomerate. The Adani Group denies wrongdoing, while Indian politics and global finance react. Allegations involve market disclosure issues and economic fallout, including halts on projects and investments worldwide. Indian billionaire Gautam Adani's indictment by U.S. authorities has sent shockwaves through his vast business conglomerate. The Adani Group, denying all allegations, faces scrutiny o...Read More
Guwahati, November 27 (IANS): Union Tourism and Culture Minister Gajendra Singh Shekhawat on Wednesday underscored the northeastern region's legacy, cultural diversity, and natural wealth emphasising its rich cuisine, crafts and biodiversity while inaugurating the 12th edition of the four-day long International Tourism Mart (ITM) in Assam's Kaziranga. Speaking on the occasion, the Union Minister said that the ITM is a remarkable opportunity for the northeast India to showcase its rich culture a...Read More
Patna: Tourism minister Nitish Mishra on Wednesday informed the legislative council that the state govt was working on a plan to promote religious, eco, and adventure tourism in the state. He said that post-Covid, religious tourism has emerged as a major potential. Replying to a short-notice question by Ajay Kumar Singh and a starred question by Sarvesh Kumar, the minister said the state govt has submitted a proposal to the Centre to develop three tourist spots, including Matsyagandha Lake and ...Read More
CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced receipt of all remaining regulatory clearances required to complete its proposal to acquire all issued and outstanding shares of Marel hf. ( ICL (TASE:ICL): Marel). On November 26, 2024, the European Commission (E.C.) adopted a clearance decision at the end of its Phase 1 review period. Additionally, on November 22, 2024, ...Read More
Adani Group's two stocks have been put under the first stage of the long-term additional surveillance measures (ASM) on the Bombay Stock Exchange (BSE) after the recent US indictment of Chairman Gautam Adani and others on alleged bribery charges. Adani was allegedly indicted in New York, US, over his role in the multibillion-dollar bribery and fraud scheme. According to US authorities, the chairman of the ports-to-power conglomerate and seven other defendants agreed to pay Indian officials over...Read More
The Indian government has announced a 375km rail network expansion, aimed at enhancing economic growth and connectivity in North Maharashtra, Madhya Pradesh, and Uttar Pradesh. With a total cost of approximately Rs79.27bn ($1.05bn), these projects are aimed to be completed within four years. Union Minister of Railways, Ashwini Vaishnaw, detailed the Cabinet Committee on Economic Affairs' approval of three railway infrastructure projects. The projects include the Jalgaon-Manmad fourth line (16...Read More
New Delhi: Sri Sathya Sai Annapoorna Trust, the force behind world's largest free-fortified morning nutrition programme, is now set to announce a partnership with Sri Sathya Sai Gokulam Dairy Products Pvt Ltd. The dedicated high-end manufacturing facility, spread over an area of 3 acres, is located on the outskirts of the historic town of Mysore. The milk powder produced at the facility will be pivotal in enabling Annapoorna Trust to extend its morning nutrition programme across States where acc...Read More
As a part of the new agreement between Mazagon Dock and BEML, Mazagon Docks will make facilities available to BEML's research team in exchange for their technical support to design and manufacture strategic equipment, reported PTI. The government-owned BEML Ltd. (formerly known as Bharat Earth Movers Ltd) announced on Wednesday, November 27, that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry, news agency PTI reported. According to the...Read More
Mumbai: TISS is set to appoint its first vice-chancellor (VC) under central govt norms, marking a significant shift in its governance structure. A search-cum-selection committee appointed by govt will conduct interviews in the city on Dec 15 to shortlist three names. Sources said 127 senior professors nationwide applied for the job; 10, including five senior TISS faculty members, were shortlisted. The selection process will culminate with the committee recommending three names to the Union educ...Read More