Continental Financial News

G20 Summit under the India's Presidency scheduled to be held from September 9-10, reported ANI. The French President will have a bilateral meeting with Indian Prime Minister Narendra Modi, likely in the form of a lunch on the 10th of September at the end of the G20 Summit.

On the BSE, Ind-Swift Labs(down 19.85 per cent), Escorp Asset Manage(down 10.00 per cent), Kaarya Facilities(down 9.93 per cent), Billwin Industries L(down 9.82 per cent) and Indian Card Clothing(down 8.25 per cent) stood among the top losers in today's trade. In the Nifty pack, 33 stocks closed in the green, while 17 stocks ended in the red. The index closed 116.0 points up at 19727.05. On the BSE, Continental Sec, Ambassador Intra, Toyam Industries, Shoora Designs and Natura Hue Chem hit their fresh 52-week lows, while L P Navel Engg, Cochin Shipyard, Usha Martin, Adishakti Loha and Shree Karthik touched their fresh 52-week highs in today's trade.

China on Thursday expressed its support for the inclusion of the African Union (AU) in the G20, saying it is the «first country to explicitly support» the inclusion of the African bloc in the grouping. In a recent interview with PTI, Prime Minister Narendra Modi said India backs the inclusion of the African Union as a full member of the Group of 20 largest economies as no plan for the future of the planet can be successful without the representation and recognition of all voices. «China is the first country to explicitly voice support for the AU's accession to G20,» Chinese Foreign Ministry spokesperson Mao Ning told a media briefing here while replying to a question about reports that AU will be admitted to G20 at the New Delhi summit to be held on September 9-10. «At the recent China-Africa leaders dialogue, President Xi Jinping once again stressed that China actively supports the full membership of AU in the G20,» said. Mao said China and AU are important partners in building high-level commentary with a shared future and safeguarding international equity and justice. «We support the AU in playing a bigger role in global governance,» she said. In the last few years, India has been positioning itself as a leading voice, flagging concerns, challenges and aspirations of the Global South or the developing nations, especially the African continent. Prime Minister Modi has been leading from the front on the issue of the African Union's membership of the G20.

G20 Summit, the member nations of the group have agreed to grant permanent membership to the African Union, a continental body of 55 member states, Bloomberg agency news reported. With this, the African Union has earned the same status as the European Union. Prime Minister Narendra Modi had written a letter to the G20 nations in which he proposed that the African Union be given full, permanent membership of the bloc at the upcoming summit in New Delhi.

Probal Sen, V-P, Equity Reearch, ICICI Securities, says “higher demand from gas fired power would definitely drive prospects for Petronet, GAIL, as well as GSPL. As far as the CGDs is concerned, there was a little bit of a correction post the first quarter results across the board. Specifically, if I look at IGL and MGL, post the first quarter results. I think that confidence is coming back. That is why LNG prices continue to be in a fairly limited range, European inventory remains very comfortable so there is very little chance of additional buying coming through from that continent for LNG cargoes.”China is not coming back the way everybody expected. Europe is still in a disarray. The US economic growth is uneven and crude prices are up. Historically, crude is a function of demand or supply. Both are balancing each other yet crude prices have gone from $75 to $90. Why?I would not quite say that demand and supply are that balanced.

On the BSE, Ind-Swift Labs(down 15.80 per cent), Mukta Agriculture(down 13.00 per cent), Unitech Intnl(down 11.04 per cent), Promax Power(down 10.00 per cent) and Filtra Consultants &(down 9.62 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 23 stocks traded in the green, while 26 stocks traded in the red. The Nifty index was trading 15.65 points up at 19626.7. On the BSE, Continental Sec, Shoora Designs, Colorchips New Media, Redtape L and Atal Realtech hit their fresh 52-week lows, while Adishakti Loha, Shree Karthik, Responsive Ind., Usha Martin and Cochin Shipyard touched their fresh 52-week highs.

Energy investment in Africa needs to more than double by the end of the decade if the continent is to meet its energy and climate goals. However, high costs are putting off much-needed investment in the region’s plentiful clean-energy resources and huge reserves of critical minerals, the International Energy Agency said. “African countries have huge energy potential, including a spectacular range and quality of renewable-energy resources," said Fatih Birol, executive director of the Paris-based agency in a report published jointly with the African Development Bank on Wednesday.

women farmers would soon arrive at the Indian Agricultural Research Institute and show the spouses of G20 leaders how millet farming is done on September 9.India has got the opportunity for the first time to organize G20 events in the different corners of the country...The spouses of G20 leaders will come to the Institute of Agricultural Research. We are going to show them how we moved forward in agriculture," she said. Karandlaje further stated that after receiving the spouses of G20 leaders here, we will take them to the millet fields. «First, we will receive them here and then we'll go to the millet fields and show them how we are growing millet,» she said. India is the leading country to export millet to the world, she added. Farmers from 10 major millet exporting states will hold conversations with the G20 leader's spouse. «We have invited farmers from 10 major millet-producing and exporting states to have conversations with the G20 leader's spouse,» she added. The women farmers have been invited from far-flung villages in 11 millet-producing states — Rajasthan, Maharashtra, Karnataka, Uttar Pradesh, Madhya Pradesh, Tamil Nadu, Uttarakhand, Odisha, Chhattisgarh, Bihar and Assam. Further, Karandlaje praised that the G20 Summit is going to be held under Prime Minister Modi's leadership. Moreover, she said that live cooking would be there, and we would prepare meals made from millet.

Narendra Modi on Wednesday spelt out a set of dos and don'ts to be observed by ministers during the two-day event to ensure that the visiting dignitaries are not put to any inconvenience, sources said to news agency PTI. The ministers have been asked to ditch their official vehicles and use the shuttle service to reach the Bharat Mandapam and other venues of various meetings.

India getting re-Christened as ‘Bharat’! Bollywood’s ‘Queen’ Kangana Ranaut too joined the discourse. Taking to X (formerly Twitter), she retweeted an old clip of spiritual influencer Sadhguru advocating why the country’s name should be changed to Bharat and wrote that he had predicted such a development decades ago. “My guru said it decades ago, I am nothing but mere dust of his feet, he is on Kailash yatra, he doesn’t know yet but this remarkable change of the name of this nation will bring him tears of joy, he will be returning not to India but to his beloved Bharat,” reads her post. She argued that the name India was born from the name Indus which was created as foreigners could not pronounce the name ‘Sindhu’ properly. “What is there to love in this name? First of all, they couldn’t pronounce ‘Sindhu’ toh usko bigad ke ‘ Indus’ kar diya.

G20 presidency has helped India earn respect of other countries by focussing on inclusivity, digital infrastructure and efforts to bring in the African Union within the fold of the grouping, said Deloitte South Asia CEO Romal Shetty. In an interview with PTI, Shetty said the decision of the Indian government to hold G20 meetings in several cities has also helped in trade, tourism, besides promoting infrastructure development. With regard to the proposal to bring the African Union in the G20 fold, he said Africa is a continent of 1 billion people and its inclusion in G20 will enhance trade opportunities with Asia and rest of the world.Also Read: G20 Summit 2023 LIVE Updates: Xi skipping G20 summit seen as new setback to India-China ties «India has focussed a lot on inclusivity. Prime Minister (Narendra Modi) says that nobody should be left behind. Every voice should be heard. One of the things India has done is to bring in Africa or try to bring in Africa in G20. »Also look at it from trade perspective. My view is if you look at Africa, a billion people continent. If you look at South Asia, a two billion people continent. You are actually bringing people together. You can have trade with 3 billion people. Today the trade levels are fairly low," Shetty said.

The host of the first Africa Climate Summit says climate change is “relentlessly eating away” at Africa’s economic progress and it’s time to have a global conversation about a carbon tax on polluters

India opener Gautam Gambhir, who showed his middle finger to spectators during the Asia Cup match against Pakistan, on Monday said it was a riposte to «anti-India slogans» from a section of the crowd, reported PTI. A video circulating on social media shows Gambhir making the obscene gesture at the crowd during India's high-octane tournament opener against their arch foes, which was abandoned owing to incessant rain. «When you come to watch sports, don't indulge in political sloganeering. If you are shouting anti-India slogans and Kashmir slogans you can't expect me to keep quiet.

The era of France’s arm-twisting interventionism in Africa may finally be over

The first African Climate Summit is opening with heads of state and others asserting a stronger voice on a global issue that affects the continent of 1.3 billion people the most, even though they contribute to it the least

By Duncan Miriri

icebreaker was sailing to Antarctica on Sunday in a rescue mission to evacuate a researcher with a «developing medical condition» from a remote station. Icebreaker RSV Nuyina departed from Tasmania last week to rescue an unnamed individual from Casey, a research base on the frozen continent 3,443 kilometres (2,139 miles) away, the Australian Antarctic Programme said. The researcher «requires specialist medical assessment and care in Australia for a developing medical condition», a programme spokesperson said.

France, saying morality should not weigh on art. One of the most successful directors of his generation, Polanski fled the United States over a conviction for raping a 13-year-old girl in 1977, a crime he admitted. After the #MeToo movement gained global traction in 2017 following sexual abuse allegations against U.S. film producer Harvey Weinstein, a number of women alleged that Polanski had sexually assaulted them as teenagers as well. Polanski, a dual French-Polish national, denied the allegations which never went to trial, but he has since found it hard to secure global distribution deals for his movies, even if actors are still lining up to work with him. 'The Palace', a comedy set in a Swiss hotel peopled with a cast of grotesque characters, stars Mickey Rourke, John Cleese, Oliver Masucci, Fanny Ardant and Joaquim De Almeida. The producer Luca Barbareschi said he had sold distribution rights across continental Europe, but not in France, Britain or the United States, despite the fact well-known actors from all three countries appeared in the film. Barbareschi said Polanski's last movie 'An Officer And A Spy', which opened at the Venice Film Festival in 2019 to critical acclaim, had also never been seen in cinemas in the United States, Britain, Australia or New Zealand. «And we ask ourselves why there are wars.

NEW DELHI : The growing ties between India and Tanzania may enter a critical phase with President Samia Suluhu Hassan’s official visit to New Delhi, said government officials. The visit is significant given that it follows a series of diplomatic missions by India’s external affairs minister S. Jaishankar to Africa, and Tanzania’s strategic position as the entry point for India to the continent, as stated by the minister during his visit to the country in July, one of the officials said on the condition of anonymity.

Bharti Airtel, exhorted the world to bet on Africa, calling it the last continent of hope, having a large young population but also one of the most backward parts of the world. “Just adopt Africa as a place to do agriculture and perhaps value-added agriculture. The entire world can change.

London | A military coup in Gabon has sent a tremor through Fortescue Metals Group and its $US200 million ($310 million) plan to build a huge iron ore mine in the resource-rich central African country.