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panalo999 ( MENAFN - IANS) Kuwait City, Dec 22 (IANS) Agreeing to elevate the relations to a 'Strategic Partnership', India and Kuwait on Sunday signed a Memorandum of Understanding (MoU) to institutionalize bilateral cooperation in the area of defence during Prime Minister Narendra Modi's historic two-day visit to the key Gulf nation. Recognising that defence is an important component of the strategic partnership, both countries maintain that the MoU will provide the required framework to further strengthen bilateral defence ties, including through joint military exercises, training of defence personnel, coastal defence, maritime safety, joint development and production of defence equipment. The two sides also "unequivocally condemned" terrorism in all its forms and manifestations, including cross-border terrorism and called for disrupting of terrorism financing networks and safe havens, and dismantling of terror infrastructure. "Expressing appreciation of their ongoing bilateral cooperation in the area of security, both sides agreed to enhance cooperation in counter-terrorism operations, information and intelligence sharing, developing and exchanging experiences, best practices and technologies, capacity building and to strengthen cooperation in law enforcement, anti-money laundering, drug-trafficking and other transnational crimes," read the Joint Statement issued after the conclusion of PM Modi's visit. Discussions were also held to promote cooperation in cybersecurity, including prevention of use of cyberspace for terrorism, radicalisation and for disturbing social harmony. "The two sides expressed interest in pursuing deeper collaboration in the area of technology including emerging technologies, semiconductors and artificial intelligence. They discussed avenues to explore B2B cooperation, furthering e-Governance, and sharing best practices for facilitating industries/companies of both countries in the policies and regulation in the electronics and IT sector," the Joint Statement mentioned. The Kuwaiti side also expressed interest in cooperation with India to ensure its food-security. Both sides discussed various avenues for collaboration including investments by Kuwaiti companies in food parks in India. India welcomed Kuwait's decision to become a member of the International Solar Alliance (ISA), marking a significant step towards collaboration in developing and deploying low-carbon growth trajectories and fostering sustainable energy solutions. New Joint Working Groups (JWGs) have been set up in areas of trade, investments, education and skill development, science and technology, security and counter-terrorism, agriculture, and culture, in addition to the existing JWGs on health, manpower and hydrocarbons. Both sides emphasised on convening the meetings of the newly-formed Joint Commission on Cooperation (JCC) and the JWGs under it at an early date to further expand bilateral cooperation across various fields. Besides the MoU on defence, the executive programme on cooperation in the field of sports for 2025-2028 and the Cultural Exchange Programme (CEP) for 2025-2029, were also signed. The CEP will facilitate greater cultural exchanges in art, music, dance, literature and theatre, cooperation in preservation of cultural heritage, research and development in the area of culture and organising of festivals. The executive programme, meanwhile, will strengthen bilateral cooperation in the field of sports between India and Kuwait by promoting exchange of visits of sports leaders for experience sharing, participation in programmes and projects in the field of sports, exchange of expertise in sports medicine, sports management, sports media, sports science, among others. MENAFN22122024000231011071ID1109021460 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Kellanova stock rises Tuesday, outperforms marketFew companies in the world are as old and as successful as The Coca-Cola Company ( KO 0.16% ) . Its namesake drink was invented in 1886, and the logo for this beverage company is reportedly recognizable by an astounding 94% of the world's population today. Its scale is absolutely massive, and the market capitalization is an enormous $270 billion. Founded in 1923, The Walt Disney Company ( DIS 0.59% ) isn't as old as Coca-Cola. But its brand is similarly far-reaching. According to the Los Angeles Times , more people have heard of Mickey Mouse than Santa Claus. It's not surprising that this company has also reached a hefty market cap of more than $200 billion. As big and as iconic as Coca-Cola and Disney are, it's hard to imagine younger companies being more valuable. But the truth is that both of these companies are slow-growing, meaning their respective market valuations are going up relatively slowly, allowing some faster-growth companies to make up ground. A decade from now, I believe that MercadoLibre ( MELI 3.26% ) and Airbnb ( ABNB 3.76% ) could be worth more than Coca-Cola and Disney. Here's why. 1. MercadoLibre: $88 billion market cap As of this writing, MercadoLibre needs to gain about 130% to overtake Disney and gain about 210% to surpass Coca-Cola. I wouldn't be surprised to see MercadoLibre pass Disney within the next five years and Coca-Cola within the next 10. MercadoLibre already has the dominant e-commerce platform of Latin America, but it has ways to increase its market share in this still fast-growing space. For starters, the company launched loyalty program Meli+ last year, which gives its users perks that many other platforms don't offer. That's good incentive to use it over some rivals. One of the things offered by the loyalty program is free shipping. This is only possible because MercadoLibre spent years building its impressive logistics network. It can ship many products free and fast, which is an important driver of adoption. In terms of incremental opportunity, MercadoLibre's large e-commerce presence gives it the ability to branch into the rewarding new business of advertising. Consider that Amazon launched advertising relatively recently. In the third quarter of 2020, it had just $5 billion in revenue from advertising services, whereas it had well over $14 billion in Q3 2024. MercadoLibre's advertising revenue won't necessarily be this big. But the growth trajectory will likely follow a similar path. For the requisite growth to carry MercadoLibre's valuation beyond $200 billion, e-commerce, logistics, loyalty programs, and advertising are promising enough on their own. But there's an entire other component of the company in financial technology, and all those metrics are growing at strong double-digit rates as well. In short, MercadoLibre does business in a lot of different areas, and all are fast-growing. Therefore, when looking 10 years down the road, I feel confident that MercadoLibre could be worth $300 billion or more. 2. Airbnb: $81 billion market cap Airbnb stock needs to go up by 152% and 237% to pass Disney and Coca-Cola, respectively. But even though it needs to go up by more than MercadoLibre stock, I still think that Airbnb can get there on a similar timetable due to its big opportunities. Airbnb co-founder and CEO Brian Chesky recently said: "What I expect is every year now, for the coming years, we will launch one to two new businesses that will generate $1 billion or more of revenue incrementally a year." Some of these launches could be in areas such as travel software and tourism experiences, but not all launches will necessarily be travel-related. Investors should temper expectations. But I believe the high-upside strategy is what's particularly exciting here. Airbnb is looking to try a lot of big ideas over the next decade. Many will probably fail. But by trying a lot of things, the odds increase for finding another lucrative revenue stream. Regarding the potential to pass Coca-Cola or Disney in value, I think that Airbnb will eventually come up with something that will get it there. Airbnb's core business is solid, which allows for experimentation elsewhere. For perspective, nearly 123 million nights and experiences were booked on the platform during Q3 2024 alone. It also generated $3.7 billion in revenue at a free-cash-flow margin of 29%. That's incredibly strong. Indeed, over the last five years, Airbnb's revenue has more than doubled and its free cash flow has skyrocketed, which is great for investors. ABNB Free Cash Flow Per Share data by YCharts. In other words, my investment thesis for Airbnb here is that its core business is rock solid, still growing, and incredibly profitable. This alone represents an upside opportunity for shareholders. But the company is also using its financial strength to experiment with many adjacent opportunities. If just one of these experiments is successful over the next decade, I believe this could provide the additional lift needed to surpass even Coca-Cola's value. Over the long term, growth is an extremely important component in investing. Looking at MercadoLibre and Airbnb, it's clear that a healthy amount of growth will be served up during the next decade. This is why I believe both could become more valuable than Coca-Cola and Disney, and it's why both are key holdings in my own portfolio.

Cooper, Batcho lead Louisiana Tech past Richmond 65-62None

Nagpur: India's first bio-bitumen-based National Highway stretch was inaugurated on NH-44 in Mansar, Nagpur, Maharashtra, on Saturday by Union Minister Nitin Gadkari. Authorities have implemented lignin-based bio-bitumen technology to develop the stretch, provided by Praj Industries, in collaboration with CSIR - Central Road Research Institute (CRRI), National Highways Authority of India (NHAI), and Oriental. ObjectivesIt is a significant breakthrough for India to have used lignin as a sustainable binder in flexible pavement technology. This addresses the challenge of bitumen scarcity, while also mitigating the dependency of India on imports, amounting to 50 per cent of the total supply at the moment. Revenue Generation for Bio-RefineriesThis innovation contributes to global sustainability goals by generating revenue for bio-refineries, mitigating stubble burning, and reducing greenhouse gas emissions by at least 70 per cent compared to fossil-based bitumen. Leveraging India's abundant lignocellulosic biomass, this development aligns with the nation's vision for sustainable industrial growth. Also Read: 'Kept Sharp Object on Neck': Delhi Woman Alleges Sexual Assault by 89-Year-Old Self-Styled Godman Union Minister for Road Transport and Highways, Nitin Gadkari stressed upon promoting industrial sustainability aligns with Prime Minister Narendra Modi Ji's vision of Aatmanirbhar Bharat. He added that the initiative paves the way for large-scale domestic production and a self-reliant, sustainable future for India. The union minister told the media, "There are 400 projects in the country to make CNG from biomass...CNG is much cheaper than petrol, and the pollution caused by CNG is also less than petrol... CNG saves a lot of money...farmers will benefit a lot from this." (With Inputs from ANI) Get Latest News Live on Times Now along with Breaking News and Top Headlines from City and around the world.New optional reading curriculum with Bible stories approved. Here’s how Fort Worth reps voted

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