Country Financial News

NEW DELHI: The timelines for peak fossil fuel consumption—including oil and coal in both India and globally—may be delayed further amid geopolitical tensions that are pivoting the focus towards energy security and countries deviating from their climate commitments, Shell plc's chief economist Mallika Ishwaran said.While decarbonization in road transport is under way, there is little progress in aviation, marine and steel, which would delay the energy transition journey and eventually, peak oil timelines, Ishwaran said in an interview."We are seeing oil persisting. Electrification of road transport happens anyway, and that displaces anywhere between 40% to 60% of oil demand in road transport, so that's the significant displacement.

The recent Artificial Intelligence (AI) Summit in New Delhi has brought home the remarkable pace at which AI is changing the way we live and work. The jury is still out on whether an AI-led society would be utopian or dystopian. Meanwhile, we need to reset our thinking on many issues.

After reaching a framework for a trade deal with India that raised the hope of bilateral ties settling down, Washington has thrown a fresh curve ball. On Tuesday, the US commerce department announced varying import duties on solar panels from three Asian countries, including a whopping 126% on those from India. The other two, Indonesia and Laos, also face similarly high tariffs.

Commuters looking to zoom past toll plazas on India's 1,46,560 km highway network will have to wait longer. Security concerns about surveillance cameras imported from countries like China have delayed the rollout of the barrier-free tolling system.The National Highways Authority of India (NHAI) seeks to install the multi-lane free-flow (MLFF) system at around 1,150 toll plazas nationwide to allow vehicles to pass through at speeds of 100 km/h or more.

Mint. “That cross-sector perspective informed the design of the BOM campus from the outset.”The BOM campus is NIIF's initial investment in the data centre segment, which was through a joint venture with data centre platform company Digital Edge and global asset development company AGP Sustainable Real Assets back in 2023.

renewable energy. "So, our companies will have to challenge that in the appellate forum; but until then, this will continue, this 126% which has been imposed," he said.

Mumbai: At 3:50 am on a quiet Kolkata morning, 35-year-old numerologist Vivek Baid woke up to a string of notifications that would upend his day. One message became two, then three. By 4 am, he had received eight transaction alerts for his forex card.

New Delhi: With just a month left in the financial year, India has operationalized only four airports under its regional air connectivity scheme UDAN—the lowest number added in a single fiscal year since the programme began nine years ago.However, the civil aviation ministry denied that there was any loss in momentum in adding UDAN airports.UDAN (Ude Desh ka Aam Nagrik) was central to the government’s push to expand aviation beyond the large cities and make air travel accessible and affordable for everyone in the country. However, data submitted by the ministry of civil aviation in Parliament show that airport additions under UDAN have declined steadily after peaking early.Airports operationalized this year were those at Amravati in Maharashtra, Purnea in Bihar and Datia and Satna in Madhya Pradesh.

NEW DELHI: Global investors have a positive outlook on India because of a stable, enabling environment and a pro-business approach in emerging sectors such as artificial intelligence data centres and processing of rare earths and critical minerals, the Asian Development Bank said.The multilateral bank’s private sector investment operations in India, a key part of its global investment portfolio, will continue to go up in sectors including renewable energy and financing of micro, small and medium enterprises, Isabel Chatterton, ADB’s director general of private sector operations department, said in an interview. Microfinance, agriculture, skilling and affordable housing too are areas that ADB finances.A fifth of ADB’s global investments is in India.

Given India’s extended fight against terrorism, why a policy document on countering it took so long is hard to fathom. With Prahaar, though—an acronym that lays out India’s approach on the menace—we now have a clearly laid out policy.

In November 2023, a few governments and technologists gathered at Bletchley Park to discuss artificial intelligence (AI), seeking to come to terms with the technology they were developing. The mood was sombre and fear was the dominant register.

Subscribe to enjoy similar stories. U.S. importers on Tuesday will no longer have to pay most of the sweeping tariffs President Trump imposed last year.

Subscribe to enjoy similar stories. Dozens of armed government agents swarmed the offices of shrimp producer Grupo Lamar, a family owned business that had emerged as one of Venezuela’s largest exporters after the collapse of the oil industry. The owners are terrorists, agents told petrified workers.

Subscribe to enjoy similar stories. After the US Supreme Court ruled against his emergency tariffs, President Donald Trump has vowed to rebuild the tariff wall by other means. However, his tariff weapon, blunted by the ruling, would never be the same again.

India has recently joined a growing list of countries weighing restrictions on children’s access to social media.Speaking on the sidelines of the AI Impact Summit last week, information technology minister Ashwini Vaishnaw said the government is discussing age-based restrictions on social media platforms. The remarks follow closely after the Economic Survey flagged the need to address “digital addiction” among the young.At the state level, Goa, Karnataka, Andhra Pradesh, and Kerala are also examining similar restrictions.

Subscribe to enjoy similar stories. New Delhi: A set of common initiatives and directives signed by India, the US, China and 83 other countries at the recently concluded India AI Impact Summit will shape global collaborations on artificial intelligence (AI) despite the agreement being non-binding in nature, said a top bureaucrat who spearheaded the declaration. On Saturday, the government released the New Delhi declaration that was signed by 88 entities, including the European Union (EU) and the International Fund for Agricultural Development (IFAD).

Subscribe to enjoy similar stories. India is developing contingency plans for crude oil imports as rising tensions in West Asia push global oil prices higher and raise fears of supply disruptions.

Subscribe to enjoy similar stories. New Delhi: India and the US have postponed talks on the proposed interim bilateral trade agreement following recent developments in Washington, including the US Supreme Court striking down the reciprocal tariffs imposed by President Donald Trump and the subsequent imposition of a new 15% universal tariff under Section 122 of the Trade Act of 1974.

Mumbai finally got itself a new mayor, Ritu Tawde from the Bharatiya Janata Party (BJP), after a long hiatus. The city’s municipal corporation is the country’s richest local body and expectations from the incoming mayor were quite high.

Subscribe to enjoy similar stories. NEW DELHI: As part of India’s playbook to diversify its critical mineral and rare earth supplies, India on Saturday inked a pact with Brazil.

luxury; it is a way of life. As soon as they start earning, young Indians are taking their first international trip. There is also a shift in attitude.