Author: Lucas

NEW DELHI: The heavy industries ministry has proposed new localization rules for e-ambulances under the ₹10,900 crore PM E-drive scheme, allowing manufacturers to import traction motors fitted with rare earth magnets till 3 March 2026, the ministry said in response to Mint’s email query. The draft phased manufacturing programme (PMP) for e-ambulances, a copy of which was reviewed by Mint, proposed that battery management systems, DC-DC converters and traction motors fitted with rare earth magnets can be imported till 3 March 2026. The draft indicated that the government wants heating, ventilation and air-conditioning (HVAC) systems, charging inlets, electric compressors for…

IREN Limited (NASDAQ:IREN) shares are trading lower Tuesday after the company announced a series of offerings. What To Know: After the market close on Monday, IREN said it plans to commence a registered direct offering to a limited number of buyers. The offering of common stock is being put in place to allow the company to fund the repurchase of 2029 convertible senior notes and 2030 convertible senior notes. Concurrently with the pricing of the offering, IREN expects to enter into separate, privately negotiated transactions with some holders of convertible senior notes to repurchase a portion of its existing convertible notes.…

In timely research ahead of Christmas, consumer group Which? found just how much families can save on a big shop00:01, 03 Dec 2025Updated 09:42, 03 Dec 2025Shoppers can save £45 just by swapping one supermarket for another (Image: Getty Images)Aldi has snatched back the crown of Britain’s cheapest supermarket.Research by consumer group Which? found a shopping list of 70 items at Aldi cost £121.22 on average last month. That just pipped fellow German-own budget chain Lidl, which was named cheapest in October, where the same groceries came to an average £122.35 – £1.13 more – for members of its Lidl…

How recent case law prevents the abuse of possession after the termination of a leasePossession of immovable property constitutes a central element of ownership and is legally protected against any unlawful interference. When possession is granted with the owner’s consent through a lease or other agreement it is deemed lawful. However, once that consent ceases to exist, as in the case of the expiry or termination of a lease, the former tenant becomes an unlawful occupier. From that moment onward, the continued possession without consent amounts to unlawful interference (trespass), infringing the owner’s fundamental right to enjoy and dispose of…

Published on Dec 03, 2025 02:25 pm IST Serbian President Aleksandar Vucic announced that the country’s only oil refinery, NIS, will shut down operations within days after the United States refused to issue a permit for the majority-Russian-owned facility. Speaking after high-level energy meetings in Belgrade, Vucic warned that Serbia risks secondary US sanctions but will still allow the refinery to pay employees and suppliers as it prepares for the shutdown. The president stressed that Serbia is standing by its Russian partners despite international pressure, insisting the government will not nationalise the refinery. He urged citizens not to panic, assuring…

BOX Exchange joins other exchanges seeking approval from the U.S. Securities and Exchange Commission (SEC) to introduce FLEX equity options on the BlackRock Bitcoin ETF. The SEC is deliberating approval of FLEX options on IBIT under the generic listing rules for submissions from multiple exchanges. Exchange Seeks Approval of FLEX Options on BlackRock Bitcoin ETF (IBIT) BOX Exchange is seeking approval to permit FLEX equity options on the BlackRock iShares Bitcoin ETF, according to a US SEC filing dated December 2. The exchange filed the proposal after the prolonged government shutdown ended. It seeks to amend BOX Rule 5055 to…

This is an audio transcript of the Unhedged podcast episode: ‘Bonds vs budgets’Katie MartinListeners, for one of our shows to wrap up a fun 2025, we want to answer your questions, so email us on unhedged@ft.com. What do you want us to answer on the show? I can promise you we will do our best.[MUSIC PLAYING]If you are anywhere near the UK, you’ll know that this year’s Budget from the government, the release of its big picture tax and spending plans has been a whole lot of drama, so much drama. Leaks, U-turns to the leaks, accidental document releases and…

Gold remains strong while Bitcoin weakens, as tightening liquidity, elevated financial stress, and capital outflows drive investors toward precious metals over crypto in 2025. Source link

A new partner at an insurance brokerage will maintain a focus on “enhancing service delivery”.Renata Group Ltd has announced that Maria Ames is now a partner in the business, having previously served as a director.She has a wealth of experience in insurance and financial services, including customer relations, business development and operational management.Her new role highlights her significant contribution to the firm.Gary Boome, founding partner of Renata, said: “Maria’s partnership is a natural step forward.”I’ve worked with Maria over many years and, since joining us, she’s been instrumental in shaping our client-first approach.”Her people focused leadership style has driven growth…

Shares of MP Materials continued their impressive rally on Tuesday, advancing nearly 5% to close above $60.84. The surge underscores a pivotal divergence in the global rare earths landscape: as European defense contractors scramble for materials and grapple with reliance on China, the U.S.-based firm operates under an exclusive protective agreement with the Pentagon. This raises a critical question for investors—does this government shield make the equity impervious to market volatility, or has the valuation already run too far?Strategic Security Drives Investor ConfidenceThe core catalyst for renewed buying interest is unequivocally national security. A recent industry analysis highlights the significant…