Country Financial News
11.09 / 01:57
Provident
love
Celebrity
country
‘Give away Gandhi title’, Assam CM Sarma slams Rahul Gandhi, terms Gandhi family ‘Sardar of duplicate’
leadership. Also Read: ‘Congress uses India and Bharat as per its political convenience’: Assam CM Himanta Biswa Sarma "Kamakhya corridor will come into reality in the next two years. Only because of PM Modi, the Delhi declaration happened amid Ukraine, Russia war.
11.09 / 01:57
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Joe Biden says China not in a position to invade Taiwan; here’s why
Joe Biden engaged in talks with Chinese Premier Li Qiang at the G20 summit held in New Delhi. This marks the most senior-level interaction between the US and China in nearly 10 months. Li Qiang stood in for President Xi Jinping, whose absence at the summit raised eyebrows.
11.09 / 00:25
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Cooper
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rights
G20 Summit: Biden flagged importance of human rights, free press and more during interaction with PM Modi
G20 Summit over the weekend with many dubbing the New Delhi Leaders' Declaration a ‘coup’ for the Narendra Modi government. The Prime Minister also held bilateral talks with leading global leaders in attendance – including US President Joe Biden during this time. “We held substantial discussions on how to strengthen the partnership between India and the United States…I raised the importance of respecting human rights and the vital role the civil society and a free press have in building a strong and prosperous country with PM Modi," Biden said on Sunday while addressing a press conference in Vietnam.
11.09 / 00:03
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After four years and a polish, Adamantem puts Legend Corp up for sale
Four years after taking Legend Corp off the ASX, private equity outfit Adamantem Capital is placing the electrical and industrial distribution platform play up for sale, bringing on Miles Advisory to pitch the restructured business to trade buyers.
10.09 / 23:05
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Crypto industry reacts as FATF Travel Rule comes into effect
The new rules could require UK based crypto asset businesses to withhold some crypto transfers. If an inbound payment is received by a virtual asset service provider (VASP) from a country that has not implements the new rules, the VASP is required to make a risk based assessment around whether to make the assets available to the recipient.
10.09 / 22:39
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India forges compromise among divided world powers at the G20 summit in a diplomatic win for Modi
India’s Prime Minister Narendra Modi touted his country as well-placed to bridge gaps in the Group of 20 top economies and solve global problems
10.09 / 22:31
10.09 / 21:35
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Africa entry, climate stance among G20 feats for India: IMF MD Kristalina Georgieva
The G20 Summit under India’s presidency succeeded in bringing Africa to the table, put the spotlight on climate action and focused on the reform of multilateral development banks, among other key achievements, International Monetary Fund (IMF) managing director Kristalina Georgieva said in an interview to ET. Edited excerpts:What are the key takeaways from India’s G20 presidency? India brought the G20 together, but it did more than that. It invited countries and international organisations; so, we can say the whole world came together. The very first important achievement is the African Union being accepted into G20, which gives a whole continent a voice. I think Prime Minister Modi and the rest of G20 did the right thing to welcome that voice. Second, the Indian presidency brought up ambition on climate action. There was a much stronger sense of urgency to move. Third, on financing, the Indian presidency advanced reform of multilateral development banks and the World Bank, and brought the role of these institutions — as mobilisers of private finance — much more in focus. Four, we have seen the India presidency rallying everybody, (which brought) pledges for lending special drawing rights through IMF to vulnerable middle- and low-income countries to fruition. It started with the Italian presidency, moved to the Indonesian presidency, and now, the pledge has materialised. That means more resources for developing countries.
10.09 / 21:35
10.09 / 21:35
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Next 4-5 years key for India to fill supply chain gaps: Ajay Banga, President, World Bank
India has got a lot of things right,World Bank president Ajay Banga said in an interview with ET, adding that he’s more optimistic about the country economically than he was 20-30 years ago. Banga, who was in Delhi for the G20 summit, spoke about the changing vision of the World Bank, climate finance, the Delhi Declaration consensus and India's trajectory.Edited excerpts:How do you view the outcome of the G20 summit? I think the fact that the leaders all came together showed the willingness to compromise on different parts of a declaration, and brought a way to put it together, was pretty good. And I think a few days ago, nobody would have given any chance for that to come together.
10.09 / 21:35
Citi
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Grasim Textiles plans to open nearly 120 retail stores over next two years
Grasim Industries is planning to expand its footprint in smaller cities and towns by opening around 100-120 retail stores over the next couple of years, a senior official of the company said. It also hopes for a surge in demand for textile products in the upcoming festive season. «We are optimistic about the growth story of India.
10.09 / 21:35
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Declaration goes as far as it can on global issues: V Anantha Nageswaran
V Anantha Nageswaran has said. The Indian G20 presidency has significantly added momentum and direction to future work in a number of critical areas, he told Deepshikha Sikarwar in an interview.
10.09 / 21:17
Reuters
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Soccer-Spain's soccer chief Luis Rubiales announces resignation
(Reuters) -Spanish football federation chief Luis Rubiales, engulfed in a scandal over allegations he gave an unsolicited kiss to a player on the women's World Cup team last month, said on Sunday he had resigned from his position as president.
10.09 / 19:57
10.09 / 19:13
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Arsenal
Russia is turning to old ally North Korea to resupply its arsenal for the war in Ukraine
Russia needs to replenish its supplies of ammunition for what could be a long war of attrition after a year and a half of fighting in Ukraine
10.09 / 19:11
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Modi asks G20 leaders to reform Security Council
Narendra Modi on Sunday urged world leaders assembled at the G20 leaders’ summit to make global structures, including the UN Security Council, reflective of current realities. Speaking at a summit session, Modi made India’s claim for permanent membership of the UNSC unambiguous and cautioned that it is a natural law that individuals and institutions that do not adapt to change tend to lose their relevance over time.
10.09 / 19:11
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‘India to decide its position on crypto in coming months’
New Delhi: India will evaluate the recommendations made in a paper authored by the International Monetary Fund (IMF) and the G20’s risk watchdog, the Financial Stability Board (FSB), outlining a roadmap for regulating crypto assets and integrating digital assets into digital financial systems before deciding its stance, Ajay Seth, secretary of the department of economic affairs, said. On the sidelines of the G20 summit on Sunday, Seth said the leaders have endorsed the required regulations, oversight and supervision for unbacked crypto assets.
10.09 / 19:11
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COP28
Differentiated responsibility gets G20 nod before COP28
greenhouse gas emissions, to meet Paris Agreement goals but doesn’t explicitly lay down as to how they would do it. One of the critical aspects of the declaration, however, is that it underlines the principles of common but differentiated responsibilities (CBDR) in mitigation efforts, and also of different national circumstances that can be useful to the countries of the Global South ahead of the UN Climate Meeting (COP28) in Dubai in November.
10.09 / 19:09
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Japan PM Fumio Kishida says he plans cabinet reshuffle, 'drastic' economic measures
Fumio Kishida said he plans to reshuffle his cabinet as early as Wednesday, and will compile a package of «drastic» economic measures soon after to boost the country's fragile recovery. «I'm thinking of conducting a personnel change of party leadership and of the cabinet as early as the 13th,» Kishida told a press conference in New Delhi on Sunday, on the sidelines of a G20 summit meeting. «On economic measures, I want them to protect the people's lives from price hikes and to reinforce the trend of wage increases and investment expansion.
10.09 / 19:09
Action
film
country
G20 dignitaries, go watch Jawan in a hall
G20 gala gathering, may we urge them to get off the beaten path of officialese and agitprops and watch Jawan. The objective of this exercise would be fourfold: (1) It would allow the person for whom 'India' is restricted to yoga, Modi, fastest major economy and lectures on 'ancient Bharat' to connect with something contemporary and 'trending'; (2) Observe a phenom neither gov-sanctioned nor gov-disapproved; (3) Get in touch with a top-notch action thriller not from any of the G7 countries; and (4) Experience a/another Shah Rukh Khan movie. For some leaders, Jawan's worldwide box-office draw of over ₹350 crore in the first three days of its release would be worth the dekho and analysis.
10.09 / 19:09
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PM’s Vishwakarma Scheme launch on Sept 17: 70 ministers to attend event at 70 locations
Narendra Modi will be launching the ‘PM Vishwakarma Scheme’ virtually on September 17 from Delhi on ‘Vishwakarma Day’ that will be attended by 70 ministers from 70 different locations across the country. PM Modi had mentioned the scheme during his Independence Day speech.
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