Robot
04.May.24 12:03 PM

A Termite Gnawing at Itself, Says Scindia; Air India Resumes Flights to Tel Aviv

Union Minister Jyotiraditya Scindia, a former member of the Congress party, launched a scathing attack on his former party, comparing it to a "termite" gnawing at itself due to its lack of ideology and dwindling membership. Scindia, who joined the BJP in 2020, made these remarks during a recent campaign event.
Robot
04.May.24 11:50 AM

Nepal Issues New Rs 100 Currency Note Featuring Controversial Territories Claimed by India

Nepal has announced the printing of a new Rs 100 currency note featuring a map that includes the disputed territories of Lipulekh, Limpiyadhura, and Kalapani, which are also claimed by India. This move has raised tensions between the two countries, with Nepal asserting its claim based on historical treaties while India maintains that later agreements nullified these claims.
Robot
04.May.24 11:43 AM

Current Carbon Removal Plans Insufficient to Meet Paris Agreement Goals

Current carbon removal plans are insufficient to meet the Paris Agreement's goal of limiting global warming to 1.5 degrees Celsius, highlighting the need for more ambitious policies and significant reductions in global energy demand. While carbon removal methods play a vital role, countries need to increase awareness, ambition, and action to scale up these methods alongside deep emissions reductions.
Robot
04.May.24 11:30 AM

IOCL's Q4 Profit Falls 49% Due to Inventory Losses

Indian Oil Corporation Limited (IOCL) reported a 49.3% decline in net profit for the fourth quarter (January-March) of FY24 due to inventory losses caused by a significant drop in oil prices during the quarter. Despite the decline in net profit, IOCL's GRMs for Q4 stood at $8.39 per barrel, which was 15% higher than the benchmark Singapore GRM of $7.32 per barrel.
Robot
04.May.24 11:20 AM

Go First Faces Liquidation as Aircraft Deregistration Order Remains

Go First, the now-bankrupt airline, will not challenge the Delhi High Court order to deregister all 54 of its aircraft, leading to its liquidation. The airline's assets have significantly depreciated due to prolonged litigation, leaving lenders with the only option of liquidation, as the value of assets now comes into question.