City New Delhi Financial News
10.09 / 06:33
Platform
Enterprise
Pride
Akshata Murty's G20 summit fashion choice gives a spotlight to women-owned brands
Akshata Murty, the daughter of Infosys founder Narayan Murthy and the wife of UK Prime Minister Rishi Sunak, is currently in Delhi for the G20 Summit. Her fashion selections during the summit have been more than just personal style; they've carried political undertones. On the first day of her visit, Murty opted for a combination of a pleated, crisp white shirt and a traditional floral Indian skirt.
10.09 / 06:33
BLOCK
Aware
India's leadership key to agreeing G20 summit message, EU official says
India's strong leadership made it possible for G20 leaders to reach consensus in intense discussions on a summit message urging nations to shun use of force in territorial disputes, a senior European Union official said on Sunday. For weeks before the New Delhi meeting, the bloc struggled to agree on a reference to the Ukraine conflict, with the West pressing for Moscow to be called out for its invasion, while Russia vowed to block any resolution not reflecting its views. "(The) Indian presidency has been very strong and after intense negotiations, the unanimous outcome was quite productive," said the official, who was aware of the G20 talks, but sought anonymity. «Without India's leadership it would not have been possible,» he added, referring to the summit declaration. The declaration adopted by the Group of 20 on Saturday, when it began the two-day summit, avoided condemning Russia for the war in Ukraine but urged all states not to use force to grab territory. The bloc's leaders also called for implementation of the Black Sea initiative for the safe flow of grain, food and fertiliser from Ukraine and Russia. The EU official, however, said there was not a single word on the Black Sea grain deal from Russia, which finds itself more isolated after the summit. «Russia should have participated, with President Putin sitting down at the table and listening to the criticism from European and global leaders,» the official said, adding, «But he has chosen not to come and participate.» The official said, «The European Union leadership made the points very strongly during the session.
10.09 / 06:33
Digital
CEO
show
G20 Summit: India ready to lead the new digital age
Today, era-defining technologies such as artificial intelligence (AI) and Web3 are upon us. Adoption of AI could add $500 billion to national GDP in the next two years, while Web3 could contribute as much as $1 trillion over the next decade, NASSCOM noted.
10.09 / 06:05
country
blues
US President
"This year's Summit proved that G20 can still drive solutions....": US President Biden
Joe Biden on Saturday said that this year's G20 summit has proved that the group can still drive solutions to the most pressing issues of the climate crisis, fragility, and conflict. Taking to X, US President said, «At a moment when the global economy is suffering from the overlapping shocks of the climate crisis, fragility, and conflict, this year's Summit proved that the G20 can still drive solutions to our most pressing issues.»India is hosting the G20 Summit this year in New Delhi on September 9-10. On September 9, the Delhi Declaration was adopted. It called on nations to uphold international law, including territorial integrity, international humanitarian law and the multilateral system that safeguards peace and stability. The declaration envisages a green development pact for a sustainable future, it endorses high level principles on lifestyle for sustainable development, voluntary principles of hydrogen, the Chennai principles for a sustainable resilient blue economy and the Deccan principles on food security and nutrition among others
10.09 / 05:15
country
blues
hymn
G20 Summit Day 2 begins: Full schedule of mega conclave
G20 summit being held under India’s presidency in New Delhi, the G20 summit now heads to day 2 of the world leader’s conclave. Day 2 of the G20 summit started with the leaders visiting Delhi’s Raj Ghat to lay wreaths at the Samadhi of the father of the nation Mahatma Gandhi. A musical tribute featuring favourite hymns of Mahatma Gandhi was also played at the wreath laying function.CATCH ALL LIVE UPDATES OF G20 SUMMIT HERE The leaders will head for the Bharat Mandapam where a Tree planting ceremony will take place at the South Plaza. This will be followed by the the third session of the G20 summit 'One Future' which will be held at Bharat Mandapam. A G20 exhibition for spouses of World leaders is also scheduled for the 2nd day of the summit.
10.09 / 05:03
country
G20 Summit 2023: 'Its an honor to...', PM Modi replies to Gita Gopinath's congratulatory message
G20 summit. Our efforts are a testament to the collective spirit of unity and progress." Meanwhile, Union Finance Minister Nirmala Sitharaman interacted with the first Deputy Managing Director of the IMF, Gita Gopinath during Ratri Bhoj par Samvad at Bharat Mandapam in the national capital.
10.09 / 04:15
Provident
Manufacturing
Platform
country
IIT Council signs MoU with Association of American Universities to establish Indo-US Global Challenges Institute
G20 summit being held in New Delhi. According to a statement on Sunday, the institute will seek to address some of the most consequential economic, environmental, and technological challenges that have the potential to affect the security, prosperity, and stability of both countries.
10.09 / 03:59
Citi
Reuters
show
country
week
Top news this week: From G20 Summit to India vs Bharat row and more
G20 Summit remained full of heavy engagements for the world leaders here in New Delhi including the announcement of a historic connectivity deal between India, the Middle East, and Europe. The US, India, Brazil, and South Africa reaffirmed their shared commitment to the G20, which is to deliver solutions for the shared world. Morocco's government said that 2,000 died and 329 were injured after a powerful quake, more than doubling the earlier toll.
10.09 / 03:25
UPS
Celebrity
Sunak
G20 Summit: ‘Proud Hindu’ Rishi Sunak offers prayers at Akshardham temple in Delhi
Amid the ongoing summit in Delhi, the Prime Minister of the United Kingdom, Rishi Sunak, offered prayer at the Akshardham Temple in New Delhi on Sunday Morning. The convoy of the UK PM could be seen arriving at the temple ahead of the beginning of the second day sessions of the G20 Summit. Before his arrival, elaborate security arrangements were put in place in and around the temple.
10.09 / 03:25
UPS
Lowe's
Action
country
social
Indian
The great Indian diplomacy: G20 unanimously adopts Delhi Declaration
G20 adopted the New Delhi Declaration unanimously on Saturday, calling for coordinated steps to support the world economy that faces an uncertain outlook, along with expeditious and effective redressal of the debt vulnerabilities of low and middle-income countries. The declaration marked a significant diplomatic success for India's presidency in the face of divisions that had cropped up, especially over the Ukraine war. In the 83-paragraph declaration, the India-led G20 proposed scaling up inclusive action against climate change with a green development pact and sustainable development goals, admitted the African Union in the group, put crypto-asset regulation on the global agenda, and committed to reforming multilateral development banks (MDBs). There were widespread fears the summit may end without a declaration due to divergence over the Ukraine-Russia conflict that shadowed all ministerial meetings before the Leaders' Summit. «History has been created with the adoption of the New Delhi Leaders' Declaration,» said Prime Minister Narendra Modi on social media site X.
10.09 / 03:05
Cooper
Platform
country
New Delhi Leaders’ Declaration: “Food prices off peak, but volatile”
While committing to support developing countries in dealing with food security challenges, the New Delhi Leaders’ Declaration on Saturday expressed commitment to facilitate open, fair, predictable and rule-based global agriculture, food and fertiliser trade.
10.09 / 02:35
UPS
Manufacturing
country
rock
US-Vietnam relations deepen amid growing concerns over China's influence
AFP reported. After departing from the G20 summit in New Delhi, Biden is scheduled to hold a meeting with Nguyen Phu Trong, the leader of Vietnam's ruling Communist Party. During this visit, it is anticipated that they will formalize a "comprehensive strategic partnership," marking the highest level of diplomatic relations between Hanoi and Washington.
10.09 / 01:55
FIVE
Cooper
Progressive
Platform
track
voice
India used Sherpa, ministerial tracks to reach consensus on Delhi Declaration
Ukraine-Russia war. A consensus that had seemed elusive was achieved following hard bargaining and intense discussions among all G20 negotiating teams amid key meetings, ET has learnt. The need for consensus on the New Delhi Declaration that was adopted on Saturday had also figured in the meeting between US President Joe Biden and Prime Minister Narendra Modi, in the Capital on Friday night. While India was in constant touch with Russia over the issue, external affairs minister S Jaishankar's meeting with Russian counterpart Sergey Lavrov in Jakarta played an important role, ET has learnt. Over Friday and early Saturday, the Prime Minister held critical talks on the issue with visiting leaders.
09.09 / 19:47
MET
CEO
Instagram
country
Sunak
Indian
UK PM Rishi Sunak spotted wearing headphones from an Indian brand at G20, post goes viral
G20 meeting, UK Prime Minister Rishi Sunak met and interacted with students at the British Council in the Indian capital of New Delhi. In an X post, he wrote, “Before meeting the world leaders of today I’ve been meeting with the world leaders of tomorrow. It’s been fantastic to visit students and staff here at @inBritish — a reflection of the living bridge that exists between the UK and India.” In the photo accompanied with the post, Sunka was quickly spotted wearing headphones of an Indian brand, boAt. Sharing an Instagram post of Rishi Sunak, Aman Gupta, the CEO and co-founder of boAt, claimed that the UK prime minister used a pair of boAt headphones. He also shared a picture of Rishi Sunak interacting with Indian students. In one of the pictures shared on Instagram, the British PM is seen wearing boAt headphones. Aman Gupta noticed it and reshared the image. He wrote on Instagram, «Bharat mein aapka boAt boAt Swaagat.» This post has gone viral and more than 90,000 people liked it within a few hours. This is the first India visit of Rishi Sunak as the UK prime minister. Union Minister of State for Consumer Affairs, Food and Public Distribution, Ashwini Choubey received him at the airport. Rishi Sunak said that the G20 has been a huge success for India and it is the «right country at the right time to be hosting this».
09.09 / 19:17
Action
country
G20 leaders adopt green development pact
climate change. "Recognising that the prosperity and well-being of present and future generations depends on our current development and other policy choices and actions, we resolve to pursue environmentally sustainable and inclusive economic growth and development in an integrated, holistic and balanced manner," said the leaders' declaration adopted on the first day of the G20 leaders' summit in the capital.
09.09 / 19:03
Progressive
Action
country
World facing 'unprecedented climate emergency': Brazil's Lula
Luiz Inacio Lula da Silva told world leaders Saturday the planet was facing an «unprecedented climate emergency» while addressing the G20 Summit in India. «The lack of commitment to the environment has led us to an unprecedented climate emergency,» said Lula at the two-day meeting in New Delhi. «Droughts, floods, storms and fires are becoming more frequent.» G20 leaders meet this weekend during what is likely the hottest year in human history, but hopes are slim that the divided grouping can agree ambitious action on the crisis. Any failure to do so could lower expectations ahead of crucial COP28 climate talks that begin in November in the United Arab Emirates. In July, G20 energy ministers failed to even mention coal in their final statement, let alone agree a phase down roadmap, and there was no progress on the renewables goal.
09.09 / 19:03
Digital
Action
India leaves a strong legacy under its presidency, says FM Nirmala Sitharaman
Nirmala Sitharaman on Saturday said India’s presidency of the G20 has left a strong legacy with Digital Public Infrastructure (DPI) being integrated into the G20 Financial Inclusion Action Plan (FIAP). “Digital Public Infrastructure (DPI) has also been integrated into the G20 Financial Inclusion Action Plan (FIAP) which will run between 2024 and 2026; that is a strong legacy of the Indian presidency,” Sitharaman said, addressing the media. The G20 Leaders, who have convened in New Delhi for their annual summit over the weekend, have recognised and agreed on the critical role of safe, secure, trusted, accountable and inclusive digital public infrastructure. “We welcome the G20 Framework for Systems of Digital Public Infrastructure, a voluntary and suggested framework for the development, deployment and governance of DPI," according to the G20 New Delhi Leaders' Declaration.
09.09 / 18:55
UPS
Target
Extreme
Action
stage
track
country
Deal
clean energy
Group of 20 countries agree to increase clean energy but reach no deal on phasing out fossil fuels
Group of 20 leaders have agreed to triple renewable energy and try to increase the funds for climate change-related disasters but maintained the status quo with regards to phasing out carbon spewing coal
09.09 / 18:25
Citi
Waters
country
end
G20 Leadership Summit: Prime Minister Modi calls for end to global trust deficit
Modi Saturday called upon the world community to end the "global trust deficit", saying it was «the time to walk together» as he sought to cast India's presidency of G20 as a stepping stone to the peaceful emergence of a new world order based on mutual trust and universal brotherhood bereft of East-West or North-South divide. Addressing heads of states in the inaugural session of the two-day G20 Leadership Summit in the national capital, Modi exuded optimism that if nations could beat the pandemic by sticking together, they can very well bridge the surge in trust deficit in the wake of the Ukraine war. The Prime Minister also called on the President of the African Union to take a seat among the G20 leaders after they endorsed India's proposal to include the bloc as a permanent member of the grouping. India's proposal was in sync with the principle of togetherness, Modi added. With a miniature Tricolour on his right and the «Bharat» (instead of India) name plank in front of him, the Prime Minister said in Hindi: «Today, Bharat, as the G20 President, calls on the world to first unitedly convert this global trust deficit into confidence and trust.
09.09 / 18:25
UPS
Target
Action
Align
country
Developing nations need $5.8-5.9 trillion to meet climate goals
climate action funding in trillions of dollars instead of billions, pursue efforts to reach net zero target commitment by mid-century, triple renewable energy capacities by 2030 and reduce inefficient fuel subsidies in line with national circumstances, said the G20 New Delhi Declaration. In a major shift in climate finance vocabulary, the declaration quantified the sum required for developing countries to implement their climate goals by 2030 under Paris Agreement, $5.8-5.9 trillion, and an additional $4 trillion per year for clean energy technologies by the end of this decade to reach net zero emissions by 2050. This is said to be the first such quantification on climate finance at the G20. «In this regard, it is essential to align all relevant financial flows with these objectives while scaling up finance, capacity building and technology transfer on voluntary and mutually agreed terms, taking into account the priorities and needs of developing countries,» the declaration said as part of the 'Green Development Pact for a sustainable future'. Multilateral banking reforms and blended climate finance models apart, a multi-year G20 Technical Assistance Action Plan (TAAP) is envisaged to address data related barriers for climate investments. It also urged parties to set «an ambitious, transparent and trackable New Collective Quantified Goal (NCQG) of climate finance in 2024, from a floor of $100 billion a year», taking into account the needs and priorities of developing countries in fulfilling the objective of the UNFCCC and implementation of the Paris Agreement. On the long awaited $100 billion Green Climate Fund goal, the declaration said it will be met for the first time in 2023 by developed country contributors. «Recall
09.09 / 17:21
Blockchain
Law
regulation
G20
Taxes
global crypto community
Framework
International
G20 moves forward with international crypto framework
Leaders of the 20 biggest economies in the world — collectively known as G20 — are pushing for a speedy implementation of a cross-border framework for crypto assets.
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