Country Financial News

renewable energy capacity by year 2032. NTPC Ltd is India's largest integrated power utility, contributing 1/4th of the power requirement of the country.

₹2,000 notes into banks after the central bank decided to withdraw the high value notes in May. The removal frees up money which can be lent, which is seen as a positive for banks.

₹300 crore in the next three-four years to further expand their Sri City manufacturing plant in Andhra Pradesh with an aim to increase India exports, the company’s management said in a press briefing. “So, we have already invested 300 crores in our new Sri factory. And we plan to invest a total of 600 crores in the five years' bracket which is 2021 to 2025.

G20 Summit: The world leaders are in New Delhi for the 18th G20 Summit which will begin on 9 September. US President Joe Biden and Prime Minister Narendra Modi held a bilateral meeting on Friday and soon the minutes of the meeting will be out. One of the major questions around the G20 Summit will be about the New Delhi declaration and as per Indian officials, the declaration is almost finalized.

airport. According to media reports, the G20 leaders will be treated to an exquisite Indian vegetarian platter with delicacies from across the country.

It may seem on first blush that Canada has taken a number of steps to protect its businesses in the past few years, given it has restricted Chinese companies from investing in this country’s critical minerals sector and introduced cybersecurity bills to protect critical infrastructure.

Australia and the Philippines have elevated their seven-decade ties to a strategic level to broaden an alliance underpinned by their rejection of China’s increasingly provocative actions in the disputed South China Sea

U.N. Secretary-General António Guterres has urged the Group of 20 top economic powers to use their weekend summit to send a strong message on climate change

Fishermen and residents of Fukushima and five other prefectures along Japan’s northeastern coast have filed a lawsuit demanding a halt to the ongoing release of treated radioactive wastewater from the wrecked Fukushima nuclear plant into the sea

Apple has lost around $200 billion in market capitalization over several days as tensions between the U.S. and China rise, with several media outlets reporting this week that the iPhone maker is being singled out by Beijing

Visiting Chinese Premier Li Qiang has pledged $21.7 billion in new Chinese investment in Indonesia to strengthen the countries’ economic and political ties

South Korean President Yoon Suk Yeol has met with his Indonesian counterpart, Joko Widodo, to deepen economic ties and defense cooperation amid heightened global geopolitical tensions

The death toll from severe flooding in central Greece has increased to 10 people, while another four remain missing, Greece’s climate crisis and civil protection minister says, as rescue crews in helicopters and boats are ferrying hundreds of people fr...

Rishi Sunak expressed his hope that he will find time to visit a temple, in India, during his stay for the G20 Summit. Sunak said that he has 'enormous respect' for PM Modi and said that he is keen to support him in making G20 an enormous success. He also spoke about celebrating 'Raksha Bandhan'. Speaking exclusively to ANI, Rishi Sunak said, «I am a proud Hindu. That's how I was raised, that's how I am.

Panasonic Electric Works India (PEWIN) will invest another Rs 300 crore to increase capacity at its unit in Sri City, Andhra Pradesh, company officials said on Friday. The Japanese company is looking to use the facility for exports and will primarily target the Middle East and African markets, they told reporters here. «We have invested Rs 300 crore as part of the first phase of the project, and will be investing another Rs 300 crore by 2026,» PEWIN Director for power business unit, Rajesh Nandwani, said. At present, the overall production capacity of the company, which operates plants in Daman and Haridwar as well, is 62 crore pieces per year, which will grow to 70 crore by 2025 and 100 crore by 2030, Nandwani said. The company produces various products such as switches and switchboards.

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.

United Nations Secretary General Antonio Guterres on Friday said he is not very hopeful that there will be a peace solution in the immediate future for the Russia-Ukraine conflict. Addressing a press conference here ahead of the G20 summit, Guterres said the two countries still do not appear to be ending the conflict. Asked whether India could mediate to end the war, he said, «When you have a conflict, all efforts of mediation are welcome… (But) I am not very hopeful that we will have a peace solution in the immediate future.» On the need for reforms to multilateral institutions, Guterres said when these multilateral institutions were created, many of the countries of today did not even exist. «This is true for the UNSC and many others,» he said. Asked whether it was time for India to become a member of the UNSC, Guterres said, «It is not for me to decide who would be in the UNSC, it is for the members (to decide).» «But it is obvious that India is today the country of the world with the largest population and it is a very important partner in the multilateral system. »All I can say is that I believe that we need reforms in the multilateral system to reflect today's world," he added. Asked whether there should be a timeline for reforms to the multilateral institutions, Guterres said, «There is a need to do it, but I am not sure if we get it.

defence exports have skyrocketed to an all-time high, touching nearly the Rs 16,000 cr mark in FY 2022-23, Defence Ministry said on Friday. «With a 23-fold increase in exports, Indian design and development capabilities are reaching over 85 countries,» the Defence Ministry announced. The Indian indigenous defence industry has achieved the success in expanding exports with sale of major defence systems including the BrahMos supersonic cruise missiles, Akash air defence systems and artillery guns to a friendly country. The Indian export strategy includes identifying newer markets for countries who are friendly and are looking at long lasting relationship for military hardware. The Indian industry is now competing with global firms for exporting their military hardware and have been in competition in multiple countries including South East Aisa and Africa.

markets, which have kept the chances of another interest rate increase this year. Despite Friday's fall, the greenback was headed for eight straight weeks of gains, the longest such streak since 2014. «The dollar is benefiting from a return of the U.S. exceptionalism theme,» said Vassili Serebriakov, FX strategist, at UBS in New York, referring to the country's economic outperformance compared to the rest of the world. «The resilient U.S.

labour market. Online gig work presents a dual-sided scenario for governments and workers alike.

New Delhi: The Union agriculture ministry will organize a two-day special visit to the Indian Agricultural Research Institute (IARI) in Pusa, New Delhi, by the spouses of G20 leaders during 9-10 September. The visit aims to spotlight India's advancements in agricultural research and technology.