BUSINESS
China, India growing per capita emissions to appease domestic constituencies: US
"Both are growing their total and per capita emissions, largely because of their reliance on cheap electricity generation from coal for economic growth, and because of their efforts to appease domestic constituencies who rely on the coal industry for jobs," the report said. Climate change will increasingly exacerbate risks to U.S. national security interests as the physical impacts.
Cholamandalam Investment, Aptus Value deny M&A talks
In a statement, Cholamandalam Investment referring to a news report that said the company is interested in management control of the home finance company said: "We wish to clarify that Chola has not expressed any interest either in the past or present in acquiring Aptus Value Housing Finance India Ltd."
Bank of Canada maintains policy rate at 4.5%
The bank's governing council will continue to assess economic developments and the impact of past interest rate increases, and is prepared to increase the policy rate further if needed to return inflation to the 2 per cent target, the central bank said in a statement.The bank said it is continuing its policy of quantitative tightening to complement its restrictive stance.
Torrent to move SC against NCLAT order allowing RCap's second auction
According to the apex court website, the Torrent Group petition is not listed so far, however sources said that the matter is likely to be mentioned next week on reopening of the court after Holi break. Earlier this month, the NCLAT order came on a petition filed by Vistra ITCL (India), which is one of the lenders of Reliance Capital, against NCLT order restricting further auction.
VPN access expanding to all Google One members
The VPN is currently rolling out and will be available in 22 countries across Android, iOS, Windows and Mac devices, the tech giant in a blogpost on Wednesday. "VPN by Google One adds more protection to your internet activity no matter what apps or browsers you use, shielding it from hackers or network operators by masking your IP address."
SBI raises Rs 3,717 crore via bond issuance
The proceeds of the bonds will be utilised in augmenting Additional Tier 1 Capital and the overall capital base of the bank and strengthening capital adequacy in accordance with RBI guidelines. The tenor of these bonds is perpetual with a call option after 10 years and every anniversary thereafter.
Honda plant in Pakistan to remain shut in March due to financial crunch
The automaker, in a notice sent to the Pakistan Stock Exchange, said that the decision has been taken as the company's supply chain has been "severely disrupted", Geo News reported. Considering the current economic situation of Pakistan whereby the government resorted to stringent measures including restricting the opening of LCs (letter of credits) for import of CKD (completely knocked-down) kits, raw materials and halting foreign payments.
Cryptocurrency transactions to come under money laundering provisions: Govt
This was announced through a gazette notification, issued on March 7. The step has been taken to tighten misuse of digital assets. Government in the gazette has warned investors against "participation in and provision of financial services related to an issuer's offer and sale of a virtual digital asset".
Gold demand in India in Feb improved: WGC
According to WGC, the unchanged custom duty in the Union Budget also bolstered wholesale restocking. Anecdotally, official gold imports are expected to rise in February following the anaemic 28-month low in January of just 11 ton. Anecdotally, official gold imports are expected to rise in February following the anaemic 28-month low in January of just 11 ton.
Gold demand in India in Feb improved: WGC
According to WGC, the unchanged custom duty in the Union Budget also bolstered wholesale restocking. Anecdotally, official gold imports are expected to rise in February following the anaemic 28-month low in January of just 11 ton.Improved market sentiment bumped local prices back into premium.
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