The Prime Minister, Narendra Modi marking ten years of One Rank One Pension (OROP) scheme said it was a tribute to the courage and sacrifices of our veterans and ex-service personnel who dedicate their lives to protecting our nation. He added that the decision to implement OROP was a significant step towards addressing this long-standing demand and reaffirming our nations gratitude to our heroes. Modi assured that the Government will always do everything possible to strengthen our armed forces and further the welfare of those who serve us. The government took the decision to implement OROP by issuing an order on November 7, 2015, making its benefits effective from July 1, 2014.

The US dollar index is pausing its rally in early Asia on Thursday following a hastened pace of ascend in the previous session to its highest level in over 4 months after President Trump was declared the winner in the presidential election versus Vice President Kamala Harris. US benchmark treasury yields spiked over 13 bps to 4.42% whereas dollar index climbed nearly 2% above 105 mark following Republican Donald Trumps decisive victory in the US presidential election. The Fed’s monetary policy announcement is likely to be in the spotlight on Thursday, alongside reports on weekly jobless claims and third quarter labor productivity and costs. The dollar index that measures the greenback against a basket of currencies was quoting at 104.88, down 0.1% on the day and after having climbed briefly above 105 mark in the previous session. Among the basket currencies, EURUSD and GBPUSD were at $1.07 and $1.29 respectively.

MSCI index rebalancing: Adani Energy Solutions has been issued a show cause notice by the Securities Exchange Board of India (Sebi) for potential wrongful categorisation of shareholding

ITI Ltd saw volume of 4.61 lakh shares by 10:47 IST on BSE, a 9.62 fold spurt over two-week average daily volume of 47896 shares

The Government of India has invited Proposals for setting up Centres of Excellence (CoE) under Research and Development (R&D) Scheme of National Green Hydrogen Mission. The objective is to establish world-class Centres of Excellence for Green Hydrogen in India to foster innovation, promote sustainability, thereby enhancing energy independence in the long term. These CoEs will accelerate the transition to a low-carbon economy by advancing Green Hydrogen production, storage, and utilization technologies. The National Green Hydrogen Mission was launched on 4th January 2023, with an outlay of Rs. 19,744 crores up to FY 2029-30. It will contribute to Indias goal to become Aatma Nirbhar (self-reliant) through clean energy and serve as an inspiration for the global Clean Energy transition. The Mission will lead to significant decarbonization of the economy, reduced dependence on fossil fuel imports, and enable India to assume technology and market leadership in Green Hydrogen.