Author: Lucas

Vedanta Ltd has secured approval from the National Company Law Tribunal’s Kolkata Bench to acquire Incab Industries, paving the way for a significant push into the downstream copper and aluminium space. The tribunal’s order clears the final hurdle in a long-pending Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code.Incab Industries, headquartered in Kolkata with manufacturing units in Jamshedpur and Pune, specialises in power cables and industrial wires that rely heavily on copper and aluminium. Its portfolio spans power cables, rubber and plastics, fibre optic cables and winding wires.The company’s installed capacities include 6,000 km of power cables, 274…

Utilities have a two-fold relationship with energy efficiency. On one side, public and private utilities gain from finding efficiencies in energy usage to reduce costs in their own operations—just like many other businesses. The U.S. Department of Energy’s 2002 Motor Market Assessment established that pumping systems offer the greatest optimization potential of all types of fluid systems, offering savings up to 75% with an average net savings of 20.1%. Since then, technological advancements may have boosted the potential for energy savings even more. On the other side, utilities are uniquely positioned to encourage energy savings among their customers through incentive…

Things are a lot calmer this morning for the Japanese government bond market, as it stabilised overnight after a sell-off on Monday morning caused ripples elsewhere. The FTSE 100 is up 0.2 per cent and shares in Paris and Frankfurt are recovering after a hammering yesterday. New York markets ended yesterday’s session down, but futures show this should start turning around later on today.So what’s going on? It started on Monday when Bank of Japan governor Kazuo Ueda said the central bank could restart interest rate hikes this month. The Asian nation has long had to plotted its own course…

Investors looking to decrease exposure to AI should look at these two stocks.As we get ready to close the door on 2025, there’s been increasing chatter around a possible stock market bubble in artificial intelligence (AI). These stocks dominate the market today, trade at premium valuations, and are priced based on rosy assumptions for future growth. What if these assumption turn out overly optimistic? While there’s been a lot of wealth created investing in AI stocks, it’s entirely possible a downturn is coming if bears are correct about an AI bubble. If you’re looking to reduce your exposure to AI,…

The government and major edible oil importers and distributors have found themselves at odds after consumer-level prices of soybean oil were raised without any announcement this week – a move the government says was not approved and is illegal. Bottled soybean oil in various shops across Dhaka has been selling for Tk9 more per litre than before.  After visits to Karwan Bazar, Mohammadpur and other markets, it was seen that five-litre bottles of leading brands like Rupchanda, Teer, Pushti and Fresh are now selling for around Tk965, while one-litre bottles – previously sold at Tk189 – are being priced at…

Stay informed with free updatesSimply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox.The UK’s top financial watchdog has taken a completely different approach to overseeing companies’ use of technology such as artificial intelligence, committing not to “come after you every time something goes wrong”.Nikhil Rathi, chief executive of the Financial Conduct Authority, said: “We have to think totally differently, not just about risk in the system but the way we regulate and how our organisations interact together.”Speaking at the FT Global Banking Summit on Tuesday, Rathi said the FCA had decided against making…

Labour councillor Karen Lee, who represents the area, described the six proposed affordable homes as “a travesty” and “shockingly low”.Local resident Susan Nock has been successful in getting legal orders to protect several trees on the site.She said: “Why should the residents of Lincoln be made to pay for this by losing social housing and green spaces?”If the application is given the green light, further details such as the size and layout of homes would need to be agreed in a future application.The spokesperson for the cathedral said conservation of the building was of the highest priority and received no…

The United States appears ready for war with Venezuela, a prospect that Venezuelan President Nicolás Maduro this weekend attributed to America’s desire to control the country’s vast oil reserves. The US State Department has denied that oil played a central role in America’s military sending more than a dozen warships and 15,000 troops to the region – or that oil is behind President Donald Trump’s warnings that land strikes could be imminent and planes should avoid Venezuelan air space. Instead, the Trump administration says its military threats are part of America’s effort to stop flows of undocumented migrants and illegal…

The Act is expected to save £1.5 billion by 2029/2030 as certified by the Office for Budget Responsibility.09:17, 03 Dec 2025Updated 10:19, 03 Dec 2025Reasons your Universal Credit may be cut by DWPBenefit cheats, fraudsters and debtors who can afford to repay but refuse will have money taken directly from their bank accounts or lose their driver’s licence under tough new laws approved on Tuesday. The Public Authorities (Fraud Error and Recovery) Act gives the Department for Work and Pensions extra powers to catch fraudsters, prevent overpayment and protect taxpayer’s money.As a result, the Department for Work and Pensions (DWP)…

Have you ever looked at the stock market and felt like you’re missing something? While news channels buzz about the latest high-flying tech stocks, a different kind of treasure hunt is happening in plain sight. It’s a search for “hidden gems”—solid, stable companies trading for less than they’re truly worth. This strategy, known as value investing, isn’t about chasing trends; it’s about finding quality on sale. But how do you actually find these undervalued stocks? It can feel like searching for a needle in a haystack. Do you need a complex financial degree or insider knowledge? Not at all. What…