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India's Power Finance Corporation Cancels 15-Year Bond Issue Amid Market Conditions

India's Power Finance Corporation Cancels 15-Year Bond Issue Amid Market Conditions

The Power Finance Corporation (PFC) of India has withdrawn its planned issuance of 15-year bonds, which was expected to raise 35 billion rupees ($388.95 million). The decision was confirmed by three merchant bankers, although PFC has not provided an official comment. The bond issue was intended to attract bids from bankers and investors, but the reasons for its cancellation have not been disclosed. This development comes amid a broader context of fluctuating market conditions and investor sentiment in the corporate bond market.

Two of Trump's peace deals at risk as fighting surges in Congo and at Cambodia-Thailand border

Two of Trump's peace deals at risk as fighting surges in Congo and at Cambodia-Thailand border

At least two of several agreements aimed at ending global conflicts that President Donald Trump has hailed as evidence of his negotiating prowess are in trouble and at risk of collapsing

US stocks hold relatively steady ahead of Fed decision on rates

US stocks hold relatively steady ahead of Fed decision on rates

U.S. stocks are holding relatively steady as Wall Street waits to hear what the Federal Reserve will say on Wednesday about where interest rates are heading

Solidaridad and IISS Launch Professor Rattan Lal Awards to Promote Regenerative Agriculture

Solidaridad and IISS Launch Professor Rattan Lal Awards to Promote Regenerative Agriculture

Solidaridad and the Indian Institute of Soil Science (IISS) have inaugurated the Professor Rattan Lal Awards for Excellence in Regenerative Agriculture. This initiative, launched on World Soil Day in Bhopal, India, aims to honor significant contributions to soil health and sustainable farming practices. The awards are named after Professor Rattan Lal, a renowned soil scientist and World Food Prize laureate, who is recognized for his work in soil carbon sequestration and climate-resilient agriculture. Professor Lal participated in the event virtually from the United States, emphasizing the critical need for soil restoration to ensure food security and ecological balance. The inaugural Lifetime Achievement Award was presented to Dr. M.H. Mehta for his leadership in eco-agriculture and soil regeneration. Thirteen other individuals and organizations were also recognized for their innovations in regenerative agriculture.

Hollywood-hungry Gulf states bankroll Paramount's Warner Bros bid

Hollywood-hungry Gulf states bankroll Paramount's Warner Bros bid

By Federico Maccioni and Rachna Uppal ABU DHABI, Dec 9 (Reuters) - Paramount Skydance's addition of three Gulf sovereign wealth funds to the cast of its $108 billion hostile bid for Warner Bros Discovery marks a relatively rare alliance among the states as they build their own entertainment

'Big hopes for Africa': Defence firms scramble for drone market at Egypt arms expo

'Big hopes for Africa': Defence firms scramble for drone market at Egypt arms expo

By Alexander Dziadosz CAIRO, Dec 8 (Reuters) - Quadcopters, electromagnetic rifles and an AI-powered navigation system were among the wares displayed at one of Africa and the Middle East’s biggest arms expos, as defence companies jostle to break into regional markets increasingly defined by drone

Starlink's India Launch Delayed Due to Website Glitch and Pending Approvals

Starlink's India Launch Delayed Due to Website Glitch and Pending Approvals

Starlink, a satellite internet service by SpaceX, experienced a brief online stir when its India website mistakenly displayed pricing and service details, suggesting an imminent launch. The website showed tariffs, hardware costs, and a 30-day free trial, which led to widespread speculation. However, SpaceX clarified that these were not official figures but rather test data that went live due to a configuration glitch. Starlink has received several regulatory approvals in India, including a five-year authorization from IN-SPACe and a unified license with strict security conditions. Despite these approvals, the service is not yet available as final government clearances are still pending.

Sri Lanka Faces Severe Crisis Following Cyclone Ditwah, President Calls for Global Support

Sri Lanka Faces Severe Crisis Following Cyclone Ditwah, President Calls for Global Support

Sri Lanka is grappling with the aftermath of Cyclone Ditwah, which has caused extensive damage and loss of life. President Anura Kumara Dissanayake has described the situation as a 'crisis beyond our control,' with over 600 fatalities and 20,000 people left homeless. The cyclone has compounded existing challenges from a recent debt crisis and political instability. The president has called for a reevaluation of debt sustainability frameworks for climate-vulnerable countries, emphasizing the need for international support in rebuilding efforts. The cyclone's impact has highlighted the geopolitical significance of Sri Lanka, with rapid assistance from neighboring India and ongoing relations with China and the United States.

President Trump Considers New Tariffs on Indian Agricultural Imports Amid Trade Tensions

President Trump Considers New Tariffs on Indian Agricultural Imports Amid Trade Tensions

President Trump has indicated potential new tariffs on agricultural imports, specifically targeting Indian rice and Canadian fertilizers. This announcement was made during a White House meeting where Trump unveiled $12 billion in assistance for U.S. farmers. The move is in response to complaints from American farmers about the impact of cheap foreign goods on domestic markets. Trump criticized the alleged dumping of Indian rice, which he claims is undercutting U.S. producers. Additionally, he suggested imposing tariffs on Canadian fertilizers to encourage domestic production. This development comes amid ongoing trade tensions, with previous tariffs on Indian goods and strained trade relations with Canada.

Wall Street ticks modestly higher as markets await the Fed's last interest rate call of 2025

Wall Street ticks modestly higher as markets await the Fed's last interest rate call of 2025

Wall Street leaned toward tiny gains ahead of a two-day meeting of the Federal Reserve, where officials will make a decision on where to take the central bank’s benchmark interest rate

President Trump Warns of New Tariffs on Indian Rice Amid Farmer Complaints

President Trump Warns of New Tariffs on Indian Rice Amid Farmer Complaints

President Trump has announced the possibility of imposing new tariffs on agricultural imports, specifically targeting Indian rice and Canadian fertilizers. This move comes in response to complaints from American farmers who argue that cheap foreign goods are negatively impacting domestic producers. During a White House meeting, Trump unveiled a $12 billion assistance package for U.S. farmers, emphasizing his commitment to counter what he perceives as unfair trade practices. The President criticized the dumping of Indian rice in the U.S. market, which farmers claim is driving down prices. Additionally, Trump suggested that tariffs could be applied to Canadian fertilizer imports to encourage domestic production. This announcement is part of broader efforts to stabilize trade relations with countries like Canada and India, although previous attempts have faced challenges.

US military developing small refineries for critical minerals

US military developing small refineries for critical minerals

Dec 9 (Reuters) - The U.S. military said it plans to develop a fleet of small-scale refineries to produce critical minerals used to make bullets, armor and other types of weaponry, a move aimed at developing domestic sources for niche materials that Chinese miners have long controlled.