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India, as current holder of G20 Presidency, is «well positioned» to help advance a global discussion on AI issues, Microsoft vice chair & president Brad Smith has said advocating broader legal and regulatory frameworks for AI, and safety brakes in AI systems controlling critical infrastructure. Smith, who is on a visit to India and scheduled to participate in the B20 Summit India starting Friday, penned a blog titled 'India's AI Opportunity' where he outlined five key recommendations in the Indian context.

The leaders of Brazil, Russia, India, China and South Africa have held closed-door discussions on the possible expansion of their BRICS economic bloc

Narendra Modi met South Africa's President Cyril Ramaphosa on the sidelines of the 15th Brics Summit in Johannesburg on Wednesday and discussed ways to strengthen bilateral cooperation in defence, agriculture, trade and health, among other areas. Both leaders reviewed the progress made in bilateral relations and expressed satisfaction at the progress achieved in various fields, including defence, agriculture, trade and investment, health, conservation and people-to-people ties, according to an external affairs ministry readout. Both sides also exchanged views on continued coordination in multilateral bodies and regional and multilateral issues. Ramaphosa expressed support for India's G20 presidency and appreciated New Delhi's initiative to give the African Union full membership of the G20. He conveyed that he looked forward to visiting New Delhi for the G20 Summit. Modi congratulated Ramaphosa on the successful hosting of the Brics Summit and accepted Ramaphosa's invitation for a state visit to South Africa. During the Brics Plenary session, Ramaphosa said he wanted to congratulate India for the Chandrayaan-3 mission.

BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations. Luiz Inacio Lula da Silva made the proposal at a BRICS summit in Johannesburg. Officials and economists have pointed out the difficulties involved in such a project, given the economic, political and geographic disparities between Brazil, Russia, India, China and South Africa.

During the 2023 Hangzhou Summit held in Hangzhou, China, a new data exchange powered by blockchain technology was unveiled by government officials. Over 300 enterprises, including Alibaba Cloud and Huawei, participated in the exchange's debut.

Narendra Modi Wednesday called for the expansion of the five-nation grouping, while addressing the opening plenary session of the 15th BRICS summit in Johannesburg. He emphasized that India has given highest priority to countries of Global South under its G20 presidency. “India fully supports the expansion of BRICS and welcomes move to move forward on this based on consensus," the Indian prime minister said.

By Rachel Savage

India created history on Wednesday evening as Chandrayaan-3 successfully landed on the south pole of the moon. With this landing, India joined the elite club and became only the fourth nation to touch the lunar surface — after the USA, Russia, and China. ISRO chief S Somanath on Wednesday congratulated the people of the country on the success of the Chandrayaan-3 mission and said, «Indian is on the moon». «India is on the Moon», S Somanath said as Chandrayaan-3 lander module Vikram made a safe and soft landing on the Moon. Officials at India's space agency ISRO headquarters in Bengaluru broke into applause after the Vikram began its powered vertical descent towards its landing site. Prime Minister Narendra Modi who is attending the 15th BRICS Summit in Johannesburg watched the live telecast and as soon as the touchdown happened he sported a big smile and waved the tricolour.Here are some reactions to the occasion: «Historic day for India's space sector.

ALSO READ: Pakistan in BRICS? China pushes for expansion; India stands firm against Islamabad’s inclusion PM Modi even mentioned that India fully supports the expansion of BRICS, adding, it welcomes moving forward with the consensus on BRICS. Addressing a plenary session at the BRICS Summit in Johannesburg, PM Modi said, “India fully supports the expansion of BRICS and welcomes move to move forward on this based on consensus." “In around two decades, BRICS has undertaken a long and magnificent journey. In this journey, we made numerous achievements," he added.

Tax planning and wealth management firm Avantax has acquired a seven-member team managing around $330 million in client assets.

Narendra Modi on 23 August is scheduled to hold a bilateral meeting with South African President Cyril Ramaphosa on the Day 2 of the 15th BRICS Summit. Then later in the day, the prime minister is also scheduled to attend open and closed plenary sessions in Johannesburg. The plenaries will be followed by a cultural performance and a banquet dinner hosted by President Cyril Ramaphosa.

BRICS summit in South Africa later this year. The motivations behind this inclination toward BRICS are rooted in developing nations' dissatisfaction with the stringent conditions imposed by Western-dominated institutions.

Russian President Vladimir Putin and Chinese President Xi Jinping are both absent as leaders from the BRICS group of emerging economies open a three-day summit in South Africa

NEW DELHI : At the COP27 Summit in Sharm El-Sheikh, Egypt, in November, UN Secretary-General António Guterres painted a sobering picture of the global climate trajectory. “We are on a highway to climate hell with our foot still on the accelerator," he said in a stark warning about the perilous journey ahead. While nations are embracing the 17 sustainable development goals (SDGs) defined at the UN Conference on Sustainable Development in Brazil in 2012, corporations are also trying out sustainability initiatives in the ESG (environment, social and governance) space.

BRICS summit in Johannesburg, South Africa, that started yesterday will discuss many things. It will, however, focus on membership expansion from five members — Brazil, Russia, India, China, South Africa — to a much larger group. South Africa has invited 67 countries to the summit of which 53 are African.

PM Modi on Tuesday addressed the BRICS Business Forum Leaders' Dialogue in South Africa’s Johannesburg. In his address, PM said India is the fastest-growing major economy in the world.

COVID-19 pandemic. The BRICS group was formed in 2009 by Brazil, Russia, India and China. South Africa was added in 2010.

Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar.

Xi Jinping has arrived in South Africa, Chinese state media reported Tuesday, where he will attend the BRICS summit in Johannesburg. The state visit will be Xi's second of 2023, after making an official trip to Russia in March. «Chinese President Xi Jinping arrived in Johannesburg on Monday to attend the 15th BRICS Summit to be held here, and pay a state visit to South Africa,» Xinhua news agency said, adding he had been «warmly welcomed» by South African President Cyril Ramaphosa. «Xi said that he is very glad to visit South Africa again and looks forward to having in-depth exchanges of views with Ramaphosa on deepening China-South Africa relations and issues of common interest,» Xinhua said. The heads of Brazil, China, India and South Africa plus Russia's top diplomat will gather from Tuesday to Thursday this week under the theme «BRICS and Africa», South Africa's Foreign Minister Naledi Pandor said this month. Russian President Vladimir Putin — who is sought by the International Criminal Court (ICC) for his role in the Ukraine war — will not attend this year's BRICS conference in South Africa, which is a signatory of the ICC. The Chinese leader previously visited South Africa in 2018 as he sought to enhance his country's diplomatic and economic ties with the continent. On the agenda at this year's summit will be the possible future expansion of BRICS membership, which the bloc has previously indicated it is open to. Several African countries have previously expressed a desire to join the bloc, including Algeria, Egypt and Ethiopia. A total of 69 countries have been invited to the summit, including all African states. BRICS, a loosely-defined group that sees itself as a counterweight to Western economic domination,

Prime Minister Narendra Modi will leave for South Africa on Tuesday to participate in the 15th BRICS summit. It is a grouping of the world economies of Brazil, Russia, India, China, and South Africa. The BRICS summit will be held from August 22-24.

NEW DELHI : India is confident of achieving closure on key issues ahead of the upcoming G20 Leaders’ Summit in New Delhi from 9 September. In an interview, Amitabh Kant, India’s G20 sherpa, spoke about the progress that India has made in its discussions around pushing for a higher quantum of climate financing around the world and how this can contribute to the better achievement of sustainable development goals. Kant also spoke about the role India’s digital public infrastructure (DPI) can play in building a better global financial institution and how India’s recent trade restrictions align with other major economies globally.