Mauritius Financial News

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.

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.

Aditya L1 Mission: Aditya-L1, India's first solar mission, has successfully performed the third earth-bound manoeuvre, Indian Space Research Organisation (ISRO) said on Sunday. The new orbit attained by the satellite is 296km x 71767 km. A total of five such orbit manoeuvring will be performed during the satellite's revolution around the Earth of which three have been successfully performed.

Yuko Kishida to IMF chief Kristalina Georgieva, several top foreign dignitaries donned traditional Indian ensembles at the G-20 Dinner hosted by President Droupadi Murmu on Saturday night. For the special occasion, all guests were dressed to the nines. Many opted to embrace Indian fashion in special ways. IMF Chief Georgieva arrived at Bharat Mandapam in Delhi for the G-20 Dinner in a purple ethnic suit that she paired with a golden dupatta. She looked exquisite in Indian wear. Japanese PM Fumio Kishida's wife Yuko Kishida wore a beautiful green saree.

Narendra Modi on Saturday announced the launch of the Global Biofuels Alliance. A total of 19 countries and 12 international organizations have so far agreed to join the alliance, including both G20 members and non-member countries. India, Brazil and the US are the founding members of the alliance.

G20 Summit here were treated to a special lunch at Jaipur House on Saturday, following which they were given a guided tour of an exhibition of culturally-rich artefacts at NGMA, official sources said. The group was served millet-based dishes and they also sampled some street food, a source said. «First ladies from Turkiye, Japan, the UK, Australia and Mauritius, among others visited the exhibition at NGMA (National Gallery of Modern Art),» the source added. The source told PTI, «After lunch at Jaipur House, spouses of some world leaders enjoyed an exhibition hosted at the NGMA that opened today. The exhibition has been showcased especially for them.» The 'Roots and Routes' exhibition explores India's civilisational heritage, ethos and inter-connectedness. The NGMA, under the Union Ministry of Culture, boasts a rich collection of artwork, including paintings, sculptures and photographs. S Radhakrishnan, the then-vice-president, inaugurated the gallery at Jaipur House in 1954, according to the Azadi ka Amrit Mahotsav website.

NEW DELHI — Indian Prime Minister Narendra Modi and U.S. President Joe Biden pledged Friday to deepen the partnership between their countries in their second bilateral meeting in less than six months, as Delhi prepares to host a meeting among leaders of the Group of 20 leading industrialized and developing countries.

G20 Summit, Prime Minister Narendra Modi on Friday held talks with his Bangladeshi counterpart Sheikh Hasina on diversifying bilateral cooperation and discussed issues such as connectivity and commercial linkages. In a post on his second bilateral of the day after holding talks with Mauritian Prime Minister Pravind Jugnauth, Modi said he had «productive deliberations» with PM Sheikh Hasina. «The progress in India-Bangladesh relations in the last 9 years has been very gladdening.

Narendra Modi to hold more than 15 bilateral meetings with world leaders, ANI reported citing sources. As reported by ANI, “On 8th September, PM will hold bilateral meetings with leaders of Mauritius, Bangladesh and USA.

FPIs), the capital market regulator has simplified the rule for identifying senior management officials (SMOs) in these offshore funds. The urgency to name a key official in an FPI is felt as it is often not possible to know who calls the shots in a fund which is often structured in multiple layers, with each vehicle in separate jurisdictions. Under the circumstances, the regulator had earlier said that the key official in the apex vehicle, which is at the top of the FPI chain, would be considered as the SMO. This did not go down well with most funds as senior officials of the top entity in New York and London were reluctant to be named as SMOs of a Mauritius or Singapore FPI vehicle, several layers below.

Krishna and other deities, in anticipation of Janmashtami. As per a TOI report, business owners in the region have reported a surge in demand this year, with bulk orders pouring in from over 40 countries, including the US, Australia, New Zealand, the UAE, and several European nations. Some projections suggest that Janmashtami sales could exceed a staggering Rs 200 crore. Anil Agarwal, hailing from a family with a rich history in apparel manufacturing, told TOI, «In the run-up to the festival, we've shipped costumes worth crores to overseas destinations and various states across India.

₹1,725 crore. Meanwhile, DIIs registered a net inflow of ₹1,077.86 crore.US stocks dipped on Tuesday after a long weekend, weighed down by rising treasury yields and higher oil prices.

BENGALURU, NEW DELHI : Six of the eight Bermuda and Mauritius-based public funds alleged to have been used by people with ties to the Adani Group for buying shares of the conglomerate’s listed companies, have been shut, according to regulatory filings in these countries accessed by Mint, posing a challenge for the Securities and Exchange Board of India (Sebi) in determining the ultimate beneficiaries of these investment vehicles. The Organized Crime and Corruption Reporting Project (OCCRP), a global network of investigative journalists, recently reported that people with ties to the Adani family secretly held significant stakes in group entities in possible violation of the country’s law on maximum ownership by promoters in listed entities, through some of these funds.

digital economy minister's document on Tuesday. "There's a lot of interest in many, many bodies, both multilateral, non-governmental, governmental, that are interested in making sure that continents and countries that have lagged behind the digitization have the ability to implement this in this form or in some other form," he added. Chandrasekhar said that there was a global consensus for the first time on the principles of DPIs, cybersecurity in digital economy and digital skills, within the G20 digital economy ministers' working group.

Sun, has successfully completed its second earth-bound manoeuvre. The Indian Space Research Organisation (ISRO) made this announcement during the early hours of Tuesday, marking a crucial step in the mission's progress. The manoeuvre, known as the «second Earth-bound manoeuvre (EBN#2),» was executed flawlessly by ISRO's Telemetry, Tracking, and Command Network (ISTRAC) located in Bengaluru.

G20 Summit, Northern Railways has decided to cancel and divert over 200 passenger trains temporarily from September 8 to 11 here, a notification stated on Saturday. According to the schedule, over 90 trains have been cancelled on September 9. More than 100 passenger trains will be cancelled on September 10 as well.

RBI) Governor Shaktikanta Das has been rated ‘A+’ in the Global Finance Central Banker Report Cards 2023, the central bank said on Friday. Taking to X (former Twitter), RBI said," We are happy to announce that Governor Shaktikanta Das has been rated “A " in the Global Finance Central Banker Report Cards 2023.

Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine.

Adani Group companies recovered on Friday with the market valuation going up by Rs 13,500 crore a day after a report by OCCRP alleged that billionaire Gautam Adani used family associates to secretly invest hundreds of millions of dollars through «opaque» Mauritius-based investment funds to fuel the rise in group stocks.

Adani Power shares opened lower and went on to make intraday low of ₹312.25 apiece on NSE, logging over one per cent dip against its Thursday price. Similarly, Adani Enterprises shares are also swinging in gain and loss while Adani Green Energy, Adani Ports, Adani Total Gas, Adani Transmission, Adani Wilmar, etc.

Adani stocks are indeed linked to the Indian conglomerate, reported Indian Express citing inputs from the records accessed under its Pandora Papers investigation. Adani news LIVE Updates In its report, Financial Times mentioned two offshore shell companies registered in British Virgin Islands (BVI) as the main tool to invest in Adani stocks. According to IE report, the two shell firms are linked with Adani group.