COP26 LIVE: India putting climate change at centre of policies, says PM

India working very hard on tackling climate change-related issues, says PM Modi

10:51 PM

Climate change is a major threat to the existence of many developing countries: PM Modi

Climate change is a major threat to the existence of many developing countries, said PM Narendra Modi, adding that the countries must take major steps to save the world.

 

It is the need of the hour & will prove the relevance of this platform. I'm hopeful that decisions taken in Glasgow will save the future of our next generations, he said.

 

10:40 PM

PM Modi's 5 promises at COP26

1. India will achieve net zero by 2070

 

2. India will reduce carbon intensity by 45% by 2030

 

3. India will reduce projected carbon emission from now till 2030 by 1 billion tonne

 

4. India's renewable energy component will be 50% by 2030

 

5. India will aim at 500 GW non-fossil energy capacity by 2030

 

10:37 PM

Developed countries must ensure 1 trillion dollar climate finance at earliest: PM

So far all climate finance promises have been empty ones, developed countries must ensure 1 trillion dollar climate finance at earliest, said PM Modi

10:36 PM

India working very hard on tackling climate change related issues: PM Modi

India working very hard on tackling climate change related issues: PM Modi at Glasgow COP26 Summit

10:36 PM

India only country that is delivering in 'letter and spirit' on Paris declaration commitments: PM Modi

India is only country that is delivering in 'letter and spirit' on Paris declaration commitments on tackling climate change, said PM Modi

10:35 PM

PM Modi calls for making 'Lifestyle for Environment' a global mission

 

10:33 PM

India will reach net zero emissions by 2070, says PM Modi

India will reach net zero emissions by 2070, said PM Modi at climate summit in Glasgow

8:57 PM

PM Modi to address climate change summit COP26 shortly

8:48 PM

Modi, Johnson meet in Glasgow

Prime Minister Narendra Modi and his British counterpart Boris Johnson on Monday met at the sidelines of the COP26 climate summit in Glasgow to discuss cooperation in green hydrogen, renewables, economy and defence, PTI reported. This was their first in-person meeting after the British Prime Minister's twice cancelled visiting India this year due to the pandemic.

8:34 PM

Developed nations have failed to meet yearly $100 bn climate support goal: India

Developed nations have not met the $100 billion goal per year of support to developing nations since 2009, said India's Environment Minister Bhupender Yadav at COP26. Yadav made the statement on behalf of the BASIC group of countries--Brazil, South Africa, India and China--at the opening plenary session of the Conference of Parties (COP26), PTI reported.

8:26 PM

Modi gets warm reception in Glasgow

Prime Minister Modi was greeted by his British counterpart Boris Johnson upon his arrival at the Scottish Exhibition Centre to attend the opening ceremony of the COP26 climate summit where he would deliver a national statement, PTI reported. Modi, who arrived in Glasgow on Sunday night from Rome, was received by Johnson and UN Secretary General Antonio Guterres and was then seen interacting animatedly with them.

7:24 PM

Punjab reduces power tariff by Rs 3 per unit

Punjab's government on Monday cut power tariff by Rs 3 per unit for domestic consumers, seeking to impress voters months ahead of assembly elections. The cut will put a burden of Rs 3,316 crore per year on the exchequer, PTI said. There are around 72 lakh domestic consumers in the state.

6:38 PM

Kia India reports 22 pc dip in wholesales in Oct

Automaker Kia India said on Monday  its wholesales declined by 22 per cent to 16,331 units last month as compared to 21,021 units in October 2020.

The company dispatched 10,488 units of Seltos, 5,443 units of Sonet, and 400 units of Carnival last month to dealers, PTI reported.

5:40 PM

Indonesia first to green light Novavax Covid-19 vaccine

Biotechnology company Novavax said Monday that Indonesia has given the world's first emergency use authorisation for its Covid-19 vaccine, which uses a different technology than currently used shots. The vaccine doesn't require the extremely cold storage temperatures that some other vaccines need, which could allow it to play an important role in boosting supplies in poorer countries around the world, the AP report.

5:05 PM

Tata Motors Q2 net loss widens

Tata Motors on Monday reported a widening of consolidated net loss to Rs 4,415.54 crore for the second quarter ended September 30, due to higher expenses and lower sales of British arm JLR following semiconductor shortage. The company had posted a consolidated net loss of Rs 307.26 crore in the same period last fiscal, PTI reported quoting the company's regulatory filing.

4:54 PM

Coal India production rises 6.4% y-o-y in Oct

State-owned Coal India Ltd increased production by 6.4 per cent year-on-year (y-o-y) to 49.8 million tonnes (MT) in October, said the company on Monday as India tackles fuel shortages at many of its thermal plants. Production in April-October 2021 rose 5.9 per cent to 299.6 MT, compared with 282.8 MT in the year-ago period, PTI said.

4:12 PM

Supreme Court sets HC ban on firecrackers in Bengal during Diwali

The Supreme Court sets aside Calcutta High Court order banning sale, purchase and use of all firecrackers in West Bengal to check air pollution in the pandemic, reports PTI.

3:48 PM

IRCTC logs five-fold rise in Q2 profit

IRCTC, the state-owned ticketing and travel company that services Indian Railways, reported a nearly five times increase in net profit to Rs 154.83 crores in the second quarter of financial year 2021-22.

3:35 PM

HDFC Ltd logs 32% rise in net profit

HDFC Ltd,  the country's largest mortgage lender, on Monday reported a 32 per cent rise in standalone net profit to Rs 3,780 crore for the second quarter ended September 30. The corporation had posted a net profit of Rs 2,870 crore in the same period a year ago, PTI said.

2:39 PM

Developed nations have failed on financial support for climate change goal: India

Developed nations have not only failed to meet the $100 billion goal per year of support to developing nations since 2009 but also continue to present it as the ceiling of their ambition all the way to 2025, India's Environment Minister said at the international climate conference COP 26 in Glasgow. Bhupendra Yadav made the statement at the opening plenary session of the Conference of Parties (COP 26), PTI reported.

2:35 PM

Britain, France spar over fishing rights

Britain told France on Monday that it must back down within 48 hours in a fishing row that threatens to spiral into a wider trade dispute or face tortuous legal action under the Brexit trade deal. France says Britain has refused to grant its fishermen the correct number of licences to operate in British waters and has said it could impose targeted measures from Tuesday, Reuters reported.

1:40 PM

GST collection surges to Rs 1.30 trillion in Oct

Goods and Services Tax (GST) collection surges to Rs 1.30 trillion in October, second highest collection since implementation, says govt.

1:34 PM

Barclays CEO Jes Staley to step down after Epstein probe

Barclays CEO Jes Staley will stand down following an investigation into his relationship with Jeffrey Epstein, the bank said in a statement Monday.

 

1:23 PM

UK to provide additional $1.3 billion in climate financing: PM Johnson

British Prime Minister Boris Johnson is expected to pledge one billion pounds ($1.3 billion) in climate finance at the 26th UN Climate Change Conference (COP26) in Glasgow. "We have to move from talk and debate and discussion to concerted, real-world action on coal, cars, cash and trees," Johnson will tell political leaders in his address at the World Leaders Summit Opening Ceremony. Johnson is expected to make a commitment to increase climate finance support for developing countries by 1 billion pounds by 2025 if the British economy grows as forecast.

 

1:23 PM

NCP leader Anil Deshmukh joins ED’s probe in a money laundering case

Former Maharashtra Home Minister Anil Deshmukh arrives at the office of the Enforcement Directorate to join the investigation in extortion and money laundering allegations against him.

1:06 PM

531 new Dengue cases reported in the last week in Delhi: SDMC

12:50 PM

Akhilesh Yadav to skip UP elections next year

12:26 PM

Union Health Minister Mansukh Mandaviya chairs review meeting on dengue situation in Delhi

Union Health Minister Mansukh Mandaviya chairs review meeting on dengue situation in Delhi

 

"On-ground initiatives like hotspot identification, fogging&timely treatment to be carried out. Centre is also sending a team of experts to States with rising Dengue cases," he says.

 

12:06 PM

IT shares on the rise, metals boost; Tata Motors results in focus

Indian shares rose on Monday after three straight sessions of losses, helped by gains in IT and metal stocks, ahead of monthly automobile sales data and Tata Motors' quarterly results later in the day. The blue chip NSE Nifty 50 index rose 0.38% to 17,739.10 and the benchmark S&P BSE Sensex rose 0.37% to 59,527.08 by 0357 GMT. Both indexes have fallen more than 4% from their all-time peaks in October on concerns about overvaluations and heavy outflows from foreign institutional investors. In Mumbai trading, the Nifty Metal Index gained 1.07%, helped by a 9.1% jump in shares of Steel Authority of India after the steelmaker posted a rise in quarterly profit. The Nifty IT index rose 1.26% after two straight sessions of losses.

12:05 PM

Eastern Railways resume local train services with 50% seating capacity

Eastern Railway resumes suburban EMU and other local train services with 50 per cent seating capacity in West Bengal for the general public from Monday. The train services will be brought back on track after nearly six months as per the normal timetable while maintaining Covid-19 restrictions.