LANDMARK DECISION
How China's clean-tech machine is reshaping the global climate fight
In 2024, China took the lead as the top investor in global clean technology, directing $132 billion to developing nations to aid carbon reduction efforts. This unprecedented infusion of resources could potentially reshape the landscape of international climate finance.
NIVARA 101: Rattha Realty’s new residential project takes shape on Nelson Manickam Road, Chennai
NIVARA 101 is a 21-storey residential development located on Nelson Manickam Road in Chennai. It features signature 3 and 4 BHK residences, ranging from 2,280 to 3,714 sq. ft. Alongside the residences, four floors of lifestyle amenities enhance the residential experience for residents. The development caters not only to local buyers but also to NRIs seeking a home in Chennai.
'Focused on his furniture?': Trump's first executive order after GOP's midterm election drubbing draws mockery from Democrats
President Trump has signed a proclamation to designate the Oval Office and Cabinet Room as national monuments. This designation aims to protect his redesigns and prevent future alterations by other presidents. Trump's action followed significant losses for the Republican Party in the midterm elections, where Democrats gained control of Congress. Critics have mocked Trump for prioritizing decor over political issues affecting his party.
Congress pursuing a politics of corruption, communalism and conflict: Union minister Sarbananda Sonowal
Sarbananda Sonowal criticized the Congress party and its allies for their politics of corruption and discord. He emphasized the importance of accurate voter rolls and the need to safeguard national security against illegal immigration. Sonowal highlighted the Modi government's achievements in infrastructure and connectivity in the Northeast, positioning it as vital for national development.
Trump's Supreme Court winning streak in election cases screeches to a halt
The US Supreme Court rejected Donald Trump's bid to stop California from counting more than 20,000 mail-in ballots ahead of Tuesday's midterm elections. The swift ruling marks another setback for the administration in recent election-related cases, following decisions on mail-in voting restrictions and Republican-backed congressional redistricting efforts.
SC notices to Centre, Assam on Oil India plea on rejection of drilling proposal at national park
The Supreme Court has requested responses from the Ministry of Petroleum and Natural Gas regarding Oil India's proposal. This proposal involves hydrocarbon extraction through Extended Reach Drilling beneath Dibru-Saikhowa National Park. Oil India claims that the drilling will not harm the park's ecosystem while addressing energy needs.
GST decriminalisation decisions set benchmark for trust-based governance: CII
The Confederation of Indian Industry praised the GST Council's recent decisions aimed at decriminalising certain offences. The Council recommended raising the prosecution threshold from Rs 1 crore to Rs 5 crore, promoting trust in businesses.
Record earnings! 5 big takeaways from RIL Q2 results investors should watch for Monday trading
Reliance Industries reported record Q2FY27 profit of Rs 29,550 crore and revenue of Rs 3.62 lakh crore, driven by strong refining margins and Jio growth. Retail profitability weakened, while declining debt improved the conglomerate's financial position.
Sabarimala: TDB announces Rs 2 lakh life insurance cover for pilgrims
The Travancore Devaswom Board has announced a new life insurance scheme for Sabarimala pilgrims. This insurance will cover up to Rs 2 lakh for families in case of unforeseen events. The board plans to bear the entire premium costs through its Welfare Fund. Meanwhile, preparations are underway to ensure sufficient production of Aravana prasadam during the pilgrimage season.
How Australia built world’s biggest battery-powered ferry
The electric ferry China Zorrilla has launched its operations between Buenos Aires and Uruguay, marking a significant milestone in eco-friendly maritime transport. This initiative showcases advancements in battery technology aimed at curbing environmental impact.
India, Azerbaijan move to reset ties, boost energy investments and connectivity
Delhi and Baku are currently taking steps to improve bilateral relations through enhanced economic cooperation and connectivity initiatives. After a positive meeting, the Foreign Ministers of both nations emphasized the importance of the International North-South Transport Corridor. There has been a notable increase in Indian investment in Azerbaijan's energy sector, with cumulative investments reaching $1.26 billion. Additionally, both countries are working to strengthen security cooperation against transnational crime.
EPS-95 higher pension: Pensioners’ body appeals to President as retirees struggle to get higher pension
The National Confederation of Pensioners’ Associations has requested intervention from President Droupadi Murmu regarding higher EPS pension issues. They demand the withdrawal of a problematic EPFO circular that affects eligibility for pensions based on internal trust rules. In addition, they seek to halt unnecessary litigation and ensure uniform treatment for all retirees. The NCPA calls for waiving punitive interest related to administrative delays on pension claims.
New York to end 150-year-old horse-carriage tradition by 2028 after Indian tourist’s death
New York City has voted to ban horse-drawn carriages in Central Park starting June 1, 2028. This decision follows increased concerns over animal welfare and public safety, particularly after an incident involving an 18-year-old tourist. The legislation known as Romanch's Law aims to protect both tourists and horses from potential harm.
New Zealand's Sonic technology to debut in DRS during India series
Sonic technology will debut in the Decision Review System during the upcoming India-New Zealand cricket series. This technology has undergone extensive testing and validation before the series starts. New Zealand Cricket and Virtual Eye collaborated to improve decision-making for umpires during matches. The India-New Zealand series will feature five T20 internationals and five ODIs, followed by two Tests.
It survived for thousands of years, then suddenly fell: The mystery behind New Hampshire's 80-ton boulder
A dramatic event unfolded at Polar Caves Park on October 18, as the 80-ton Mysterious Hanging Boulder succumbed to gravity, coinciding with the conclusion of the tourist season. Fortunately, there were no injuries reported, although a section of the wooden walkway was compromised. Experts believe the boulder's downfall was influenced by erosion and climatic elements. Ongoing assessments will help park officials enhance safety strategies and consider visitor experiences moving forward.
Pivot to Privatisation 2.0: Why IDBI Bank’s sale should rev up India’s push to privatise remaining non-strategic PSBs and PSUs
Last week, the Cabinet Committee on Economic Affairs approved the sale of IDBI Bank's majority stake. The stake, held by the Government of India and LIC, will be sold to Fairfax Financial Holdings Ltd. This decision is part of the ongoing privatisation programme aimed at modernising the Indian economy.
Global investors against use of judicial anti-avoidance rule by tax officials
International investors have raised concerns regarding the Indian Income-tax authorities' invocation of the judicial anti-avoidance rule. At a recent meeting, investors communicated their issues with the Central Board of Direct Taxes on this matter. The use of JAAR to deny relief on grandfathered shares contradicts prior regulations established by the CBDT. The standing of both GAAR and JAAR remains complex due to Supreme Court rulings.
Jio Platforms IPO: How Reliance, Meta, Google and other investors’ stakes will change post the offer
Jio Platforms’ Rs 30,213 crore IPO will dilute the percentage stakes of existing investors, including Reliance Industries, Meta and Google, while leaving their share counts unchanged. At the upper end of the price band, Jio is expected to be valued at Rs 10.3 lakh crore, more than double the valuation at which most investors entered in 2020.
Stripchat loses legal fight against EU tech label
Adult content platform Stripchat has lost its legal case against EU regulators over online content rules. The European Commission had designated Stripchat as a very large online platform under the Digital Services Act. The court found that adequate reasons were provided for their decision on user calculation. Stripchat may still appeal the ruling at the EU Court of Justice if it chooses to do so.
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