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Santos has finally firmed up the sale of a minority interest in its Papua New Guinea LNG venture to PNG’s national oil company, but the deal only involves just over half of the 5 per cent agreed in the original $US1.4 billion ($2.2 billion) deal announced 12 months ago.

Joe Biden on Thursday hoped that his Chinese counterpart Xi Jinping would attend the G20 Summit in New Delhi. Biden, along with more than two dozen world leaders, is scheduled to attend the G20 Summit in New Delhi next week that is being hosted by Prime Minister Narendra Modi. Recent media reports said that Russian President Vladimir Putin and Chinese President Xi Jinping are not likely to attend the summit. «The answer is I hope he attends the G20 Summit,» Biden told reporters Thursday when asked if he is expecting President Xi to attend the meet. Meanwhile, Farwa Aamer, Director of South Asia Initiatives at the Asia Society Policy Institute (ASPI), said that President Xi's skipping of the G20 Summit in India could be seen as evidence that China at this point of time is reluctant to cede the centre stage to India. «Perhaps the most significant development so far, which some may say was expected, has been President Xi's decision to skip the upcoming G20 Summit hosted by India.

leadership role in the industry. Edited excerpts from the interview: Modi: We have a presence in India for over 35 years, with a workforce across design centres in Noida, Bengaluru, Ahmedabad and Pune . One third of our staff of 11,000 is in India, including 30% of research and development team.

Systematic investment plans through mutual funds (MFs) are the best way to meet your long-term financial goals. Financial planners or advisers will vouch for that. Yet, not many retail investors stay committed to their long-term plans. Only 54% of retail money remained invested in equity mutual funds for more than two years in 2020, as per data from the Association of Mutual Funds in India. The rest was redeemed for various reasons. Notably, investors do have the option of borrowing money against their MF units. Not many are exercising this option. Thus, a very small fraction of assets under management of the MF industry has been pledged. Firms like Bajaj Finance and Mirae Asset Financial Services, and startups such as VoltMoney are now working to change this scenario.

IDFC First Bank, Power Finance Corporation (PFC), HDFC Asset Management Company (AMC), Ashok Leyland, Supreme Industries, Astral, REC, and Cummins India made their way into MSCI Global Standard Index on August 31. On the other hand, ACC was excluded from the index. According to Nuvama Alternative & Quantitative Research said in its report, ‘’A total of eight inclusions have been announced, aligning with our projections for six of them.

A digital asset company called Prometheum Ember Capital LLC has recently gained attention for being named the first Special Purpose Broker-Dealer (SPBD) for digital assets. Republican members of the House Financial Services Committee have expressed reservations about this decision, leading them to  ask   the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) for explanation.

CME Group, a leading global derivatives marketplace, in collaboration with CF Benchmarks, a prominent provider of cryptocurrency benchmark indices, has announced the launch of two new APAC-specific reference rates for Bitcoin and Ether. These rates, named the CME CF Bitcoin Reference Rate APAC (BRRAP) and CME CF Ether-Dollar Reference Rate APAC (ETHUSD_AP), are set to be introduced on September 11. They will offer a daily reference rate for the U.S. dollar value of these two digital assets, with the publication time slated for 4 p.m. Hong Kong/Singapore time.

UBS shares rallied to 15-year highs on the back of what analysts branded a «historic» earnings report, though Deutsche Bank said the Swiss banking giant may remain a «construction site» for some time.

Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, today introduced green transportation for employees in its Noida campus. The green transportation initiative aims to strengthen Tech Mahindra’s zero carbon footprint ambition and improve fuel economy while reducing harmful emissions.

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It was such an odd and bizarre miss, that some in the natural gas trade have just taken to calling it  “a fluke” — for those wanting higher prices. 

₹3,100. The teaser images of the TVS Apache RTR 310 reveal its distinct and edgy design, in alignment with the design language of the RTR series. As the flagship naked streetfighter in the lineup, the RTR 310 boasts a sharp appearance.

Digital Commerce (ONDC) is set to disrupt digital commerce in the B2B space, especially in the retail, financial services, manufacturing and agricultural sectors, as per a report by Deloitte. ONDC, a government initiative, aims to create an interoperable marketplace for small and medium-scale sellers and democratising the ecommerce market. The buyer and seller can be on different platforms and still trade as long as their platforms are on the ONDC network. Commenting on the report, Sathish Gopalaiah, president, consulting, Deloitte South Asia, said that India's upcoming growth phase will be marked by empowered consumers and small and medium-sized enterprises (SME), which aligns with ONDO's goals. “With a unique proposition built around agility, security and profitability at the same time, ONDC streamlines value chains, bridges gaps and endorses innovation, paving the way for the next generation to explore novel paths,” he said. Currently, ecommerce contributes to 4.3% of the retail commerce sector and ONDC is expected to boost the sector, especially in manufacturing, agriculture and financial services. ONDC paves the way for brands to connect with retailers and help distributors find new markets.

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We live in a time when access to finance has never been easier. But, a major driver of that convenience is credit. Today, credit products like credit cards and loans are accessed by a majority of the population and are vital in helping them manage their expenses and purchases. With India’s credit landscape evolving continuously, customers now have a multitude of credit options to choose from. So, how does one go about choosing a credit product that is right for them?

Australian Banking Association chief executive Anna Bligh says over-regulation of the financial sector is strangling smaller lenders with compliance costs and making it tougher for them to compete with the big four banks.

India, 30th August 2023: Swarna Aditya Gold Refinery and Resources Pvt Ltd, the company behind the largest e-waste management refinery in India is seeking to boost its e-waste management operations by opening its door to new investors in a forthcoming expansion. The invitation for new stakeholders comes after the top management of the Shri Balaji Group recently decided to double down on the company’s sustainability efforts, leading the venture to make a more significant positive impact towards the environment.

Media company Network18 and DistroTV, an independent, free, ad-supported streaming TV (FAST) platform, have announced a partnership, which will enable DistroTV users in India to stream Network18’s portfolio of channels live and for free. In its initial phase, the partnership has seen the launch of Network18’s channels such as CNN-News18, News18 India, CNBC TV18 and CNBC Awaaz on the platform.

Indian Fast Moving Consumer Goods (FMCG) sector is on the cusp of a technological transformation, where Artificial Intelligence (AI) emerges as the guiding force reshaping every aspect of its landscape. From the shelves that hold your morning cereal to the ads that catch your eye online, AI is revolutionizing how FMCG operates, adapts, and thrives in a dynamic market. While the use of AI is still in early stages in the Indian FMCG industry, it is only a matter of time, before it is used extensively.

climate change by reducing dependency on fossil fuel-based energy, lowering the carbon footprint, and manufacturing green steel. “This collaboration perfectly describes our commitment towards clean and green energy solutions, which not only aligns with our goals towards climate change and sustainable development but also significantly benefits the steel manufacturing unit by reducing CO2 emissions and costs, enhancing sustainability, and contributing to carbon neutral goals by producing green steel," said Dilipkumar Pachpande, managing director, Sanyo Special Steel Manufacturing India.

BRICS intensified discussions on expansion and a common currency. Originally comprising Brazil, Russia, India, and China, BRICS was coined by Goldman Sachs in the 1990s to encourage investment in emerging economies. South Africa, the first non-original member, aptly led a summit centered on group expansion.BRICS expanded its wings: The BRICS meeting concluded, and the good news is that they are happy to shake hands with 6 more countries- Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates (UAE). Currently, the core BRICS countries control around 23% of global exports and 19% of global imports, and the new members would add 3.7% and 3.0% respectively, with Saudi Arabia being the biggest individual new member in terms of exports and the UAE the biggest new importer. What BRICS+ have now? This alliance includes six leading crude oil producers—Saudi Arabia, Russia, China, UAE, and Iran—yielding substantial energy and geopolitical influence. It unites three top African economies—Egypt, South Africa, and Ethiopia—and South America's key players, Brazil, and Argentina. Strikingly, this coalition bridges the divide between ideological rivals: Sunni-majority Saudi Arabia and Shia-majority Iran. With a diverse mix of economic, energy, and political dynamics, this alignment reflects a complex global landscape where nations with disparate interests find common ground, underscoring the intricate interconnectedness shaping today's international relations. Saudi Arabia, China, Russia, India, and other nations have rapidly bolstered trade and relations.