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Mint. The strategic move is part of India's broader effort to diversify its trade partnerships and reduce its dependency on traditional markets. The scope of India's trade ties with New Zealand and South Africa, which is a key constituent of the South African Customs Union (SACU), is huge as India already shares robust trade relationships with both the countries.

India's space ambitions: Market forces are with us“While Australia has partnerships with multiple nations for space ventures, we are taking our engagement with India to the next level. The partnership will lead to Australian satellites being launched into orbit from Indian soil," Green said at the inaugural keynote at the Indian Space Congress 2024.The partnership will involve several stakeholders in India's private space economy including domestic space-engineering firm Ananth Technologies, which has supplied components and engineering services to Isro in many previous missions.Pawan Goenka, chairman of the Indian National Space Promotion and Authorisation Centre (In-Space), a government-affiliated space promotions agency, confirmed that the SSLV was being privatised and that the bidding process was still ongoing.

budget in mid-July after a shock election outcome in which Modi failed to win a majority and has returned to power with the help of allies. The budget, Modi's first major policy announcement in his third term, is expected to lay out possible changes to India's economic priorities for the next five years, the tenure of the coalition government. Indian Finance Minister Nirmala Sitharaman is considering lowering personal tax rates for certain categories of individuals while sticking to the nation's fiscal deficit target for the year, government sources have said.

Mazagon Dock Shipbuilders surged 6.5% today in early trade to a fresh 52-week high of Rs 4,269.75 on BSE as the company announced that it has been granted 'Navratna' status. “This is to inform that Department of Public Enterprises (DPE) vide its letter dated 25" June 2024 has approved the proposal for grant of Navratna status to Mazagon Dock Shipbuilders Limited,” the company informed the stock exchanges.

China's premier called Tuesday for countries to «oppose decoupling», as economic tensions simmer between Beijing and the West, and the European Union prepares to impose new tariffs on Chinese electric vehicles. Friction between the West and the world's second-largest economy has intensified in recent years, particularly as Beijing and Washington compete for supremacy in advanced technology and new «green» industries. «We should broadly open our minds, work closely together, abandon camp formations, (and) oppose decoupling,» said Li Qiang, China's second-ranking leader, who has been tasked by President Xi Jinping with managing economic affairs.

gold in the last one week has been -1.72% whereas in the last month it has been -0.96%.The cost of silver is Rs.88690.0 per kg down by Rs.160.0 per kg. Gold Price Today in Delhi is ₹73532.0/10 grams. Yesterday’s Gold Price on 25-06-2024 was ₹74492.0/10 grams.

Star PMS fund manager Deepak Shenoy says he is investing in 5 strong megatrends in his Surge India Portfolio — manufacturing, energy independence, consumption, financialization of savings and infra growth. «It’s always difficult to find good companies, but there are enough tailwinds in a surging Indian economy to provide disproportionate growth in a few “maha” trends that we think are still very attractive,» he says. Edited excerpts from a chat with Deepak Shenoy, CEO and Founder, Capitalmind:

The Pursuit of Happyness and Andy Sachs (Anne Hathway) from The Devil Wears Prada remain fan favourites because of the resilience they display in embracing the unfamiliar. “In a neoliberal economy, productivity and continual self-improvement are emphasised as key to success," says Melissa Brown, assistant professor of communications at Santa Clara University, US.

'The Claman Countdown' panelists Kate Moore and Joseph LaVorgna predict the Federal Reserve's interest rate moves and the yield curve's normalization.

Inflation accelerated in May by 2.9 per cent on a year-over-year basis, according to Statistics Canada, which will surprise economists who were expecting it to ease from the 2.7 per cent increase in April.

When it comes to Canada’s productivity emergency, “the entire country is feeling the pain.”

May’s inflation rate came in surprisingly high, leading some economists to cast doubt on their predictions of a second interest rate cut next month.

Federal Reserve Governor Michelle Bowman said she sees a number of upside risks to the inflation outlook, and reiterated the need to keep borrowing costs elevated for some time. 

SEOUL : To the makers of smartphones, power grids and electric vehicles, lithium—the lightest metal—allows batteries to become supercharged, underpinning hopes for a greener economy and longer-lasting devices. But the very traits that make lithium game changing for energy storage can pose overpowering challenges should the batteries ever catch fire. Incidents involving lithium-battery fires are becoming more common around the world, raising safety concerns.

Investors including ex-Facebook President Sean Parker are committing $80 million to take over Stability AI, an image-generation startup that took off with the artificial-intelligence boom but quickly ran into business problems. The investment group, which includes former Google Chief Executive Officer Eric Schmidt and early backers of London-based Stability, has struck a deal with suppliers to forgive some $100 million owed by Stability, according to people with knowledge of the arrangement. The investors also negotiated for the startup to be released from $300 million in future obligations, largely meant to go to cloud computing providers.

The German government has resumed selling off its seized Bitcoin assets amidst a recent dip in the cryptocurrency’s price.

“We are very excited with the way we have gained market share in recent times for our biosimilars in the US. We have always been sort of aiming for a 20% market share for our insulins globally and it is happening. I mean, it has happened in the US even sooner than we anticipated largely because of this huge demand. That has kind of created a large opportunity for us in insulins and I think we are benefiting from that, sort of windfall,” says Kiran Mazumdar Shaw, Executive Chairperson, Biocon. Wanted to begin by asking you about India because I think that is, of course, the biggest talking point at the IGF as well. Clearly it seems like a Goldilocks scenario for India, but the question to you is, is this optimism actually being shared and felt by corporate India as well?

Central banks should be preparing for the transformative impact artificial intelligence will have on the financial system and the economy, according to a new report issued by the Bank of International Settlements (BIS).

Bank of Canada governor Tiff Macklem says the country must not take its competitive labour market for granted, adding that with inflation much closer to two per cent, there is room to invest in new jobs without creating inflationary pressures.

China’s premier has defended open markets and the importance of green technologies for stabilizing global growth as he opened a forum with political and business elites in northeastern China

The future of developing countries is in services. This may sound odd in view of the fact that industrialization has been the traditional road to growth and eventual prosperity, one travelled by all of today’s rich economies and by more recent successes such as South Korea, Taiwan and China. Manufacturing seems even more essential given that industrial policies to revive it are back in fashion in the US and Europe.