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Suboptimal outcome

The Baku deal falls way short of requirements

COP29: Innovation, not funding, is key

Climate finance has been a key focus for world leaders at the COP29 Summit, which took place from November 11 to November 24 in Baku, Azerbaijan.

DHL CARGO PLANE CRASHES NEAR LITHUANIA

A DHL cargo plane crashed as it came in to land at Lithuania's Vilnius airport early on Monday morning, killing one person on the aircraft and with some debris damaging a house.

UniCredit irks Rome with $11 bn Banco BPM swoop after German backlash

Italy's UniCredit on Monday launched a surprise €10 billion ($11 billion) bid for domestic peer Banco BPM, which CEO Andrea Orcel said would take precedence over any potential move on Germany's Commerzbank.

'Gorilla glass' maker Corning bids to settle EU antitrust case

Corning Inc offered a slate of commitments in a bid to settle an European Union antitrust probe over alleged exclusive deals for its break-resistant \"Gorilla Glass\" in smartphone screens.

Cook joins China CEO summit as economy sags

Apple Inc Chief Executive Officer Tim Cook joined more than 20 corporate leaders in discussions with China's premier Monday, as global companies grapple with potential trade disruptions and economic uncertainty.

Without drama or banana, art auctions struggle

Despite auctioneers selling about 1,600 works of Impressionist, modern, and contemporary art within the last week, the only serious moment of excitement came from a $6.2 million banana.

Israeli diplomat: Close to truce deal with Hezbollah

Proposal drafted by America entails an initial 60-day suspension of hostilities

Oct credit card spending tops ₹2 trn on festival push

Credit card spending reached ₹2 trillion in October, a 14.5 per cent rise from September, largely driven by festival season purchases.

MFIN lays out stricter norms for lending from January

In a step to further strengthen responsible lending, Microfinance Industry Network (MFIN) has prescribed another set of strict norms, including reducing the number of micro-lenders per client from the existing four to three.

Importers can avail benefit of two exemption notifications simultaneously on same imports

We had exported certain goods last year under LUT, in discharge of obligation against our advance authorisation that has since been redeemed after receipt of payment from the buyer.

SBI to channel $1.5 bn in global book in 4 months

The country's largest lender, State Bank of India (SBI), expects to deploy $1.5 billion in funding that it has tied up over the next four months of the ongoing financial year (2024-25) in international operations.

HDFC Life faces data breach, begins investigation

HDFC Life on Monday reported an incident of a data leak and has initiated a detailed investigation in consultation with information security experts to assess the root cause and take necessary remedial action, the company stated in an exchange filing.

President to address joint sitting of Houses

75 YEARS OF CONSTITUTION ADOPTION

Modi calls for global financial model to support cooperatives

Prime Minister Narendra Modi on Monday called upon representatives from the cooperative movement to explore the possibility of a global financial institution to finance cooperatives and a collaborative financial model for such bodies.

Houses adjourned amid ruckus over Adani bribery case

Oppn demands JPC probe; BJP terms it 'retaliation' tactic

Pant may score big on advertising pitch

\"He doesn't need to hit today. He's going big anyway,\" Indian batsman Virat Kohli made a light-hearted comment on Rishabh Pant in Australia while playing the Border Gavaskar Trophy test match on Sunday, in an oblique reference to the Indian Premier League (IPL) auction.

IPL teams hit yorker with big bowler buys

PACE ATTACK: Six of top 10 buys on Day 2 of mega auction were fast bowlers

China's Liren draws first blood, beats Gukesh in Game 1

Grandmaster D Gukesh paid dearly for unwarranted complications in his middle game as defending champion Ding Liren of China drew first blood by defeating the teenaged Indian in a high-pressure opening game of the World Chess Championship here on Monday.

CCEA approves PAN as common biz identifier

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Monday approved the PAN 2.0 project of the Income Tax department with a Budget of ₹1,435 crore.

Supply-chain financing of NBFCs under RBI scanner

The Reserve Bank of India (RBI) has sought details of the supply-chain finance offerings of non-banking financial companies (NBFCs) and its Department of Supervision (DoS) has told a few leading shadow banks that they may have to rework these offerings, industry sources said.

S&P cuts India's FY26 GDP forecast to 6.7%

FY25 inflation projection raised to 4.6%

COP29 gets UN carbon markets going but concerns persist on climate integrity

The just-concluded COP29 UN global climate summit at Baku, Azerbaijan, could count only adoption of Article 6—a UN-mandated framework to enable emission mitigation and fund clean energy projects using market mechanisms such as carbon credits—as the only real achievement.

GenAI startups in India take giant strides in Sep quarter

Funding surges to $51 mn, a near sixfold increase from $8 mn in the previous quarter; India now ranked sixth in global ecosystem

NFRA moves to extend company auditing standards to LLPs

The National Financial Reporting Authority (NFRA) on Monday recommended that the auditing standards proposed for companies be made applicable to limited liability partnerships (LLPs) as well, according to a press statement.

HUL ice-cream business demerger clears first hurdle after board nod

The board of directors of Hindustan Unilever (HUL) on Monday gave an in-principle approval to demerge the ice-cream business into an independent listed entity.

Bumper kharif harvest may lower food inflation

Prospects of a bumper kharif harvest are expected to lower food inflation in the coming months, making the country's inflation outlook benign, the Union Ministry of Finance (FinMin) said in its monthly economic report for October released on Monday.

Vedanta to proceed with dollar bond sale

Vedanta Resources, which postponed a planned sale of dollar bonds last week after the Adani group's top officials were indicted by US prosecutors, will now launch the issue on Monday, according to two sources.

Maruti hits 3 mn export milestone

Carmaker leads PV exports

Robotics, precision manufacturing hot bets for investors'

Robotics and precision manufacturing, along with areas that combine soft technology with hard manufacturing, will be the hot areas for venture investors and founders in the near future, according to Prashanth Prakash, a partner at leading venture capital firm Accel.