Japanese banks sticking with Adani as Jefferies, Barclays review ties :ET

 

Despite US bribery charges against Gautam Adani, Japan's biggest banks, including Mizuho, Sumitomo Mitsui, and Mitsubishi UFJ, plan to maintain their support for the Indian conglomerate. While some global banks reassess their exposure, Japanese lenders, citing steady cash-generative assets, remain confident in Adani's ability to repay borrowings.

Read more at:
https://economictimes.indiatimes.com/industry/banking/finance/japanese-banks-sticking-with-adani-as-jefferies-barclays-review-ties/articleshow/115787583.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

ET at COP29: After 9 years of debate, global carbon trading deal finalised :-ET

 

BAKU:-A resolution emerged following nine years of negotiations, after talks broke down in Dubai last year. International carbon trading-which refers to clauses in the Paris Agreement that provide for country-to-country trading, UN-monitored international carbon market and non-market mechanisms-had got an early boost in Baku with countries adopting standards on Day One. Carbon trading is referred to in UN climate talks as "Article 6".

Read more at:
https://economictimes.indiatimes.com/news/international/world-news/et-at-cop29-after-9-years-of-debate-global-carbon-trading-deal-finalised/articleshow/115708038.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Israel, Hezbollah agree to ceasefire brokered by US and France, to take effect Wednesday :-ET

 

Israel and Hezbollah agreed to a ceasefire. The ceasefire starts Wednesday. The US and France helped broker the deal. Thousands died in the conflict. The conflict started after last year's Gaza war. Israel will withdraw troops over two months. Lebanon's army will take over border areas. The goal is to prevent Hezbollah from rebuilding.

PAN 2.0 rolled out: What it means for NRIs Read more at: https://economictimes.indiatimes.com

 The Cabinet Committee on Economic Affairs (CCEA) approved the PAN 2.0 initiative with a Rs 1,435 crore allocation to overhaul the PAN/TAN system. The upgrade includes a QR code feature and improved digital services. NRIs must apply for PAN with specific documents. Existing PAN cards remain valid, but taxpayers can opt for the new QR code version at no extra cost.

Read more at:
https://economictimes.indiatimes.com/nri/invest/pan-2-0-rolled-out-what-it-means-for-nris/articleshow/115692647.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Vodafone Idea shares zoom 18% on in-principle Cabinet nod for bank guarantee waiver :-ET

 Idea Share Price: Vodafone Idea's shares surged 18% after the Indian government waived bank guarantees for past spectrum purchases. This move significantly benefits Vi, which faced a Rs 24,700 crore bank guarantee burden. While Airtel and Jio also benefit, their obligations are considerably smaller. Vi's financial struggles prompted the waiver request, aiming to improve its credit access.

Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/vodafone-idea-shares-zoom-18-on-cabinet-nod-for-bank-guarantee-waiver/articleshow/115680698.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

India starts exporting Pinaka weapon systems to Armenia :-ET

 

India has commenced supplying Armenia with the indigenously developed Pinaka multi-barrel rocket launchers. This agreement, finalized after two years of negotiations, positions Armenia among India's top three arms importers. The Pinaka system, capable of striking targets over 80 kilometers away, has garnered interest from Southeast Asia and Europe, including France.

Iran says will hold nuclear talks with France, Germany, UK on Friday :-ET

 

Iran will engage in nuclear talks with France, Germany, and the United Kingdom following a UN censure over its atomic program. The talks, scheduled for Friday, aim to address regional and international concerns, including Iran's nuclear ambitions. This follows a UN resolution criticizing Iran's lack of cooperation and Tehran's announcement of advanced centrifuge deployment for increased uranium enrichment.Iran will engage in nuclear talks with France, Germany, and the United Kingdom following a UN censure over its atomic program. The talks, scheduled for Friday, aim to address regional and international concerns, including Iran's nuclear ambitions. This follows a UN resolution criticizing Iran's lack of cooperation and Tehran's announcement of advanced centrifuge deployment for increased uranium enrichment.

I am back alive -Thanks to the team of Doctors at MAX Hospital Gurugram-INDIA

 Dear Friends,

Greetings to all the readers of my informative non commercial blog. I could not post anything for the last three months as I got hospitalized with almost near death like situation due to an acute nephrology problem. Thanks to my son and daughter in law who came back to India after two years assignment of EY at Wroclaw Poland and being in India with me could put me in MAX Hospital Gurugram India which timely saved my life.

Prof.(Dr.) Debadrata Mukherjee

Thanks to the Lord and the dedicated team of Doctors lead by Prof. (Dr.) Debabrata Mukherjee who is currently working at Max Healthcare; Chairman & Head of Renal Sciences, Interventional Nephrology & Renal Transplant who put their best efforts to save my life and ensured my steady recovery.

Team of Doctors included Dr.Pradeep Vats, Dr.Chandan Kumar, Dr.Chandra Kant Kar and coordinator Dr.Megha.

Dr.Chandra Kant Kar. (Associate Director Urology)

I shall resume putting important information/News very soon.

With Thanks to all.

CA Rakesh Kumar Singhal (FCA.ACS)