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India, US discuss ways to give impetus to growing p'ship, invest flows
Commerce and Industry Minister Piyush Goyal engaged in discussions with US Trade Representative Katherine Tai to explore avenues for bolstering trade and investments between the two nations.
'STRONGER US-INDIA TIES FOR 'INDEPENDENCE' FROM CHINA'
American firms have huge manufacturing networks in China and rely on Chinese consumers
Govt considers extending LIC Chairman's retirement age to 65
The government is considering raising the retirement age to 65 for the heads of the State Bank of India (SBI) and the Life Insurance Corporation of India (LIC). All public sector bank (PSB) officials' terms would probably be increased to 62 years.
AI to transform news production & consumption says Times Group MD
Managing Director of The Times -Group, artificial intelligence as a technology will alter how news is generated and consumed while maintaining its fundamental nature.
Market watch: Macro Data & Foreign investor activity key
The equities markets will be influenced by the release of macroeconomic data, global trends, and trading activities of foreign investors, analysts said. Market participants will also pay attention to Reliance Industries Ltd.'s Monday annual general meeting.
VEDANTA PREVAILS IN $1.1B GOVT. DISPUTE ARBITRATION
Vedanta Ltd., headed by mining mogul Anil Agarwal, has won an arbitration dispute against the government for refusing to accept a cost of Rs. 9,545 crore
G20 summit, tourism pushes hotel rates to pre-pandemic levels
The G20 summit and increased tourist inflow have resulted in a significant boost to hotel occupancy and room rates, bringing those back to pre-pandemic levels, according to the Hotel Association of India (HAI).
Jan Dhan accounts surpass 50 cr, deposits cross Rs 2 trillion
India's India's ambitious Jan Dhan Yojana scheme has achieved a significant milestone, with over 50 crore (500 million) bank accounts opened in the past nine years and the total deposits having crossed Rs 2 lakh crore, according to the Finance Ministry.
Direct export of fruits from Assam to S'pore successful
The direct export of fruits from Assam to Singapore under the supervision of the island country's Ministry of Trade and Industry has been successful, according to officials.
GOVERNMENT INTRODUCES ADD'L SAFEGUARDS ON BASMATI RICE
The export of non-basmati white rice was prohibited on 20 July
Volume pickup noted as inflation moderates: ITC CMD Sanjiv Puri
As inflation is moderating, diversified group LITC is seeing green shoots of volume growth and expects the momentum to continue sequentially, its Chairman and Managing Director Sanjiv Puri said on Sunday.
'India-UAE CEPA started new era in bilateral trade'
Thani Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, has said that the India-UAE Comprehensive Economic Partnership Agreement (CEPA) agreement signed in 2022 has benefited bilateral trade between the two countries.
India's digital hub empowers users to bargain: Nilekani
On Sunday, Nandan Nilekani chairman and co-founder of Infosys, said that India's unique digital public infrastructure has empowered citizens with their own data and achieved formalisation of society at an unprecedented rate while balancing innovation and regulation.
EU concerned as goods 'made in India' flood Euro market
The EU voiced concerns over \"rapid\" rise in refined petroleum products made from Russian crude oil in India finding way to the European market, saying it defies the purpose of the economic sanctions against Moscow that are aimed at reducing its ability to finance the war on Ukraine.
PM FLAGS CONCERNS OVER BIAS IN AI; CALLS FOR ETHICAL USE
PM Modi called biz communities and govts to work together to ensure usage of ethical AI as \"we have to sense the potential disruptions in different sectors
SEBI CALLS FOR STEPPING UP INVESTOR PROTECTION, GREATER FINANCIAL LITERACY
The Securities and Exchange Board of India (SEBI) has called for collective responsibility of regulators and market players to convert savers into investors and is keen to explore for itself the role of providing a level playing field for the issuers, intermediaries and investors.
UNION BANK RAISES EQUITY CAPITAL OF RS 5,000 CR VIA QIP
In one of the largest equity capital raising issue in public sector banking space in the recent past, Union Bank of India has successfully raised equity capital of Rs 5000 crore via qualified institutions placement (QIP) on 25 August, 2023.
RIL, Oberoi to co-manage three hospitality projects
Reliance Industries has entered into an understanding with The Oberoi Hotels and Resorts to jointly manage three properties across India and the UK.
Delhi Court awards 4-month sentence to ex MLA Rambeer Shokeen
The Rouse Avenue court awarded 4 months’ sentence to former MLA Rambeer Shokeen on Saturday due to his failure to appear before the court.
FIR registered for communal against teacher remarks
An Uttar Pradesh-based lawyer SM Haider Rizvi has recently moved to the NHRC seeking registration of an FIR against the teacher of a private school in the Muzaffarnagar district.
CBI COURT DENIES ANSARI'S PLEA SEEKING CLEAN CHIT
A special CBI court has recently declined the plea of mafia-turned-politician Mukhtar Ansari seeking a clean chit in a Prevention of Money Laundering Act (PMLA) case.
SC CHIDES LADAKH FOR ELECTION SYMBOL DENIAL
The Supreme Court has recently termed the act of the Ladakh administration as “unfair” of not granting the ‘plough’ poll symbol to the National Conference for the forthcoming Ladakh Hill Council elections despite a directive from the high court.
POCSO court sentences juvenile to life imprisonment
A POCSO court has handed down a life imprisonment verdict to a juvenile offender in connection to double murder and gang rape.
Tata Motors commits to net zero emissions by 2045
Tata Motors, India’s premier commercial vehicle manufacturer, has pledged to transition its facilities to achieve net zero in greenhouse gas emissions by 2045.
All new Lexus LM debuts in India
Lexus India, the leading luxury automobile manufacturer, has commenced bookings for its flagship MPV, the new majestic Lexus LM.
INDIA'S EV ADOPTION TO STAY SUPPRESSED UNTIL LOCAL EV SUPPLY CHAIN DEVELOPS
As Tata, Maruti Suzuki and Hyundai increase their local EV (including plug-in hybrids) production in India, growth in sales is expected to accelerate and if Tesla moves to produce EVs in India over the medium term, consumers may hold off on buying an EV as they wait for Tesla-branded vehicles, says a research by BMI, a Fitch Solutions Company.
INDIA SAW 80 PLUS NEW STARTUPS IN MILLET SECTOR IN PAST YEAR AND A HALF
A significant growth of startups in the millet sector has turned the attention of the highest levels of Government to making the millet movement a mass movement in India and globally.
B20 SUMMIT ADDRESSES CLIMATE TRANSITION FINANCING CHALLENGES
The B20 Summit, held at the Taj Palace, deliberated ‘Financing the Climate Transition’ this Saturday, spotlighting the world’s urgent need for capital mobilisation towards climate action. Mark Carney, the UN’s voice for Climate Action and Finance, emphasised the pivotal role of Multilateral Development Banks (MDBs) in catalysing this transition.
India-EU free trade talks progress, challenges remain
The Free Trade Agreement (FTA) discussions between India and the European Union (EU) have seen progress, but hurdles still remain, stated EU Executive Vice-President Valdis Dombrovskis. Speaking at a press conference in India, he expressed that the relationship between India and the EU holds vast untapped potential.
G20 MINISTERIAL ARRIVES AT CONSENSUS ON 5 DELIVERABLES
India has scored a significant goal on steering a global move towards a rules-based, open, inclusive, multilateral trading system – holding the World Trade Organization (WTO) at its core —with the G20 Trade and Investment Ministers’ meeting under India’s Presidency arriving at an all encompassing and inclusive consensus on five concrete deliverables which could have far-reaching and favourable implications for rejuvenating global trade demand, bringing in targeted investments in quality physical and digital logistics, enhancing supply chain resilience, promote economic growth and foster prosperity.