Eu Financial News
11.09 / 07:15
UPS
Digital
Progressive
country
week
Railway stocks IRFC, Ircon, Rail Vikas Nigam hit 52-week high; here's why
Ircon International share price surged 19.3% to touch a 52-week high of ₹159.25 apiece, Rail Vikas Nigam share price jumped 17.6% to hit a 52-week high of ₹191.40 apiece, and Indian Railway Finance Corporation (IRFC)share price rose 10% to touch a 52-week high of ₹84.76 apiece on BSE. According to to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, these railways stocks have seen strong traction in the September month as Ircon International stock is up by 38% , Rail Vikas Nigam is up by 41% and IRFC stock is up by 68%, respectively. The momentum is strongly in favours of bulls but post a strong move in just 10 day, the indicators are in overbought.
11.09 / 07:13
Provident
Digital
Software
Align
country
WhatsApp working on 'chat interoperability' to comply with new EU rules
WhatsApp is reportedly working on bringing «third-party chat» support on Android in order to comply with the new European Union (EU) regulations. The new feature will offer users the ability to communicate with each other using different apps, according to WABetaInfo.
11.09 / 06:11
UPS
Booking
country
G20 effect! Multibagger rail stocks rally up to 15% after PM Modi's announcement
G20 summit gave another reason for multibagger railway stocks to fly off the charts and rally up to 15%. PSU rail stock IRCON International, which has already doubled investors' wealth in the last 6 months, rallied up to 15% on Monday to hit a fresh 52-week high at Rs 154.65.IRFC shares zoomed 10% to hit the upper circuit limit at a fresh high of Rs 84.76.
11.09 / 06:03
Provident
Cooper
Entertainment
country
social
India-Saudi Arabia Relations: Crown Prince receives ceremonial welcome, to hold meeting with PM Modi
Narendra Modi, and other ministers during the event. “I am very glad to be here in India. I want to congratulate India for the G20 Summit...A lot of announcements have been made that will benefit G20 countries and the world.
11.09 / 01:57
country
bin
PM Modi to meet Saudi Arabia Crown Prince Mohammed Bin Salman today. Details here
Mohammed bin Salman Al Saud is expected to meet Prime Minister Narendra Modi at Hyderabad House today. Ahead of the meeting, the Crown Prince will also be accorded a ceremonial welcome at Rashtrapati Bhawan at 10 am.
10.09 / 19:11
Silken prospects
Narendra Modi as an agreement signed with the US, the UAE, Saudi Arabia, France, Germany, Italy and the EU Commission, we have hope that such a modern “Silk Route" can get the better of China’s Belt and Road Initiative. For one, the logic here is trade connectivity, not loan entrapment or power projection by anyone.
10.09 / 14:45
MET
Digital
voice
New Delhi Declaration: It’s a document of hope
Narendra Modi to Russian President Vladimir Putin. For a substantive outcome, consider what the world gains from Russia’s own back-down. In unison, the G20 has called for a revival of the Black Sea grain deal.
10.09 / 14:33
UPS
Provident
Waters
Platform
Action
country
Amidst many fault lines, India has pulled off a superb G20 Summit
Global Financial Crisis to precipitate ponderous deliberations into precipitate, coordinated action, such as infusion of liquidity, provision of swap lines to provide emergency access to foreign currency, institution of elevated capital adequacy norms for banks and extra, loss-absorbing buffers of capital for globally systemically important financial institutions, accompanied by periodic stress tests by banking regulators. The world does not face that kind of a crisis.
10.09 / 09:55
FIVE
BLOCK
country
settlement
WTO
Tough task ahead to make WTO's dispute settlement system fully functional: Experts
World Trade Organization will have a tough task ahead to make WTO's dispute settlement system fully functional by 2024 due to divergent approaches proposed by countries like China, and the European Union, experts say. On September 9, G20 leaders expressed their commitment to conducting discussions for having a fully and well-functioning dispute settlement system of WTO by 2024. Besides formulating norms for global exports and imports, the Geneva-based 164-member multi-lateral body adjudicates trade disputes among the member countries. The dispute settlement mechanism of WTO has been derailed due to a non-functional appellate body since December 2019. «We reiterate the need to pursue WTO reform to improve all its functions through an inclusive member-driven process, and remain committed to conducting discussions with a view to having a fully and well-functioning dispute settlement system accessible to all members by 2024, » the G20 declaration has said. Trade experts said that all the members would have to work together to achieve this 2024 goal. «G20 members have agreed to pursue WTO reforms, specifically aiming for a functional dispute settlement system accessible to all members by 2024.
10.09 / 09:51
UPS
Manufacturing
Mobile
country
Inside
Agency
Afghanistan is the fastest-growing maker of methamphetamine, UN drug agency says
Afghanistan is now the world's fastest-growing maker of methamphetamine
10.09 / 08:43
UPS
Provident
Target
Reuters
Digital
country
G20 Summit: PM Modi holds meetings with global leaders. Here are top 5 key takeaways
G20 Summit 2023: The G20 Summit has entered its final day today i.e. on 10 September. Prime Minister Narendra Modi will hold various meetings with eight global leaders including French President Emmanuel Macron, Canadian PM Justin Trudeau, Comoros, Turkey, UAE, South Korea, etc.
10.09 / 08:15
UPS
Cooper
Citizens
Airlines
Dreams
country
Cooperation
Project connecting India to Europe via Middle East 'largest cooperation project' in history: Netanyahu
Netanyahu has described it as the «largest cooperation project in our history» that will «change the face of the Middle East, Israel, and will affect the entire world». The new economic corridor, which many see as an alternative to China's Belt and Road Initiative, was jointly announced on Saturday by the leaders of the US, India, Saudi Arabia, the United Arab Emirates, France, Germany, Italy and the European Union on the sidelines of the G20 summit in New Delhi. In a video message released late Saturday evening, Netanyahu said that Israel is at the focus of an unprecedented international project that will link infrastructure from Asia to Europe. «I welcome the statement that was released today by the United States, India, Saudi Arabia, the UAE and the European Union, as well as France, Italy and Germany,» Netanyahu said. «A good week to you, citizens of Israel.
10.09 / 07:49
country
voice
hymn
G20 Summit 2023: PM Modi's 8 scheduled meetings with global leaders on final day | Full list here
G20 Summit entered its final day on Sunday, Prime Minister Narendra Modi will hold various meetings with eight global leaders including French President Emmanuel Macron, Canadian PM Justin Trudeau, Comoros, Turkey, UAE, South Korea, etc. “PM Modi to hold a working lunch meeting with French President Emmanuel Macron today. The PM will hold a pull-aside meeting with Canadian PM Justin Trudeau and will later do bilateral meetings with Comoros, Turkey, UAE, South Korea, EU/EC, Brazil, and Nigeria," sources told ANI.
10.09 / 07:49
Aware
country
voice
Amid criticism, European officials defend G20 joint declaration
G20 Summit, which saw member nations soften their condemnation of Russia for its war in Ukraine. Unlike the 2022 Bali Declaration, the joint declaration in Delhi did not directly name and condemn Russia for its war in Ukraine. This approach has come in from criticism from some quarters.
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 / 05:15
UPS
Target
Apple
AirPods
Apple September Event 2023: What to expect from Cupertino this year
Apple is hosting a big tech event, titled ‘Wonderlust’, where the tech major is expected to launch its latest series of iPhones and Watch models.
10.09 / 05:03
Provident
Digital
Cooper
Progressive
Dreams
country
audience
G20 Summit: ‘Game-changing regional investment,’ says Joe Biden on India-Middle East-Europe Economic Corridor
Also Read: G20 Summit: 'G20 can still drive solutions to our most pressing issues,’ says US President Joe Biden “Charting a journey of shared aspirations and dreams, the India-Middle East-Europe Economic Corridor promises to be a beacon of cooperation, innovation and shared progress. As history unfolds, may this corridor be a testament to human endeavour and unity across continents," PM Modi wrote on ‘X’ on Saturday. During the G20 Summit, Prime Minister Narendra Modi unveiled a groundbreaking initiative in collaboration with the United States, Saudi Arabia, and the European Union.
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 / 03:25
Action
COMPOSITE
Enterprise
Continental
country
voice
In big win for PM Modi's global south push, African Union joins G20
African Union (AU) Saturday formally took its seat as a new member of the G20 at the invitation of summit host Prime Minister Narendra Modi. In his inaugural address at the summit, Modi also expressed solidarity with Morocco as it grapples with the aftermath of a devastating earthquake and extended all the support that Rabat needs. In 2015, India had played a key role in Morocco's reinduction into the AU. The current chair of the 55-member AU is the Comoros President, who was greeted by Modi following the announcement.
10.09 / 02:35
UPS
Cooper
awards
country
After G20 Summit in Delhi, global leaders to fly home tomorrow; Joe Biden to visit Vietnam today
G20 Leaders' Summit hosted in the national capital, according to a report published by the news agency ANI. The Heads of State of countries including UAE, Bangladesh, Egypt, China, Australia, UK, Argentina, Indonesia, France, Germany, Netherlands, Turkey, Japan, Italy, Spain, South Africa, Republic of Korea, Canada and Singapore will depart from Delhi on Monday. The Central government has assigned responsibilities to Union Ministers of State to see off the foreign delegates after the summit.
10.09 / 02:09
UPS
Digital
Cooper
Booking
Williams
Remark
‘Indian-Middle Eastern economic corridor will revive ancient Red Sea’, says William Dalrymple
G20 Summit will give a global focus to the ancient Red Sea from India to Egypt, which he also mentioned in his new book called “The Golden Road". In a post on X (formerly Twitter), Willian Dalrymple said, “With the announcement today of the opening of an Indian-Middle Eastern Economic Corridor at G20, it looks the ancient trade routes up the Red Sea from India to Egypt that I am writing about in my new book, The Golden Road, and previewed here in @nybooks, will again become a global focus of economic and cultural exchange." In a book review named ‘Garum Masala’ in The New York Post, Dalrymple wrote, “In March 2022 a team of American archaeologists was excavating a temple of the Egyptian goddess Isis at the ancient site of Berenike, on the shores of the Red Sea in modern-day Egypt, when they stumbled across a series of remarkable finds." India-Middle East-Europe economic corridor including shipping and railway links will be launched soon.
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