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G20 Summit on Saturday reiterated their commitment towards reform of the World Trade Organization (WTO), dispute settlement and that trade and environment policies should be mutually supportive consistent with global trade rules and multilateral environmental agreements. In the New Delhi Leaders’ Declaration, the grouping- which added the African Union as its new permanent member- emphasised on avoiding discriminatory green economic policies. “We renew our commitment to ensure a level-playing field and fair competition by discouraging protectionism and market distorting practices, to foster a favourable trade and investment environment for all,” the bloc said, highlighting its commitment to 'positive outcomes at the WTO’s Thirteenth Ministerial Conference (MC13).' The 37-page declaration has the trade and investment agenda in a subhead titled 'Unlocking Trade for Growth.' “We affirm that a rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable and transparent multilateral trading system, with WTO at its core, is indispensable,” they said.

Narendra Modi on Saturday emphasised the pressing need for global cooperation to combat climate change and fund the transition to sustainable energy systems. Speaking at the G20 Leaders' Summit's first session, Modi underscored the monumental financial requirements for an inclusive energy transition in the 21st century world to tackle climate change. «Keeping in mind the challenge of climate change, energy transition is a significant need of the 21st century world.

G20 leaders on Saturday called for a strong, sustainable, and inclusive growth as an answer to the uneven recovery the world has seen from the pandemic-infused plunder, and flagged trillions of dollar that countries would need to meet their climate goals and clean energy technologies. The New Delhi Declaration adopted at the Summit of leaders of the world's top 20 economies held under India's presidency also called for reforming of international financial institutions, managing debt vulnerabilities of low and middle-income countries and the start of exchange of tax-relevant information on crypto assets by 2027. The declaration called for accelerating efforts to phase down unabated coal power, phase-out of inefficient fossil fuel subsidies and low-cost financing for energy transition of developing countries. While developing countries need USD 5.8-5.9 trillion in the pre-2030 period for their climate goals, the world would need another USD 4 trillion per annum investment by 2030 to help reach net-zero carbon emission goal by 2050. Stating that cascading crises have posed challenges to long-term growth, the declaration called for well calibrated macroeconomic and structural policies to counter the challenge of an uneven recovery, and boost long-term growth.

regulatory framework for virtual digital assets (‘VDAs’). Under his leadership, India has embraced technology to an unprecedented degree and has been able to convince other nations in setting global standards for development of digital public infrastructure. It is thus no surprise that he recognises the transformative potential of Web3 technologies and has urged the global community to focus on adoption, democratization and developing a unified approach which benefits all. VDAs are a key element of Web3 technologies. They are fundamental to the functioning of public blockchains as they create incentives and disincentives for network participants to engage with the blockchain, productively and honestly. In order to facilitate the adoption and democratization of Web3 technologies, it is imperative to focus on VDAs. To achieve this objective of adoption, democratization and developing a unified approach for Web3, with its intrinsically global nature, there is an immediate need for countries to come together and build a common regulatory approach. This approach has to be guided by the following principlesStandard taxonomyAs a first step, it is imperative to map nuances of the VDA ecosystem, identify all players involved, and develop a common global taxonomy for it. This would help in eliminating confusion and streamline communication among regulators, industry participants, and investors, leading to a more coherent global policy environment. Currently, the vocabulary being used in various jurisdictions differ, creating confusion which may lead to regulatory disparities.

mid-market enterprises constitute the foundational pillar of the Indian economy. As the Indian economy marches ahead to feature among the top three global economies, mid-market enterprises will have significant capital requirements to capitalize on the opportunities presented.

African Union joined the G20 on Saturday, Sunil Mittal, Founder and Chairman of Bharti Enterprises said the day will be remembered as a «defining milestone» towards charting more inclusive compositions across international organisations and their bodies. Mittal congratulated Prime Minister Narendra Modi «for successfully leading the inclusion of the African Union as a permanent member of the G20». «My hearty congratulations to PM Narendra Modi for successfully leading the inclusion of the African Union as a permanent member of the G20.

Zee Entertainment Enterprises' chiefs. Sebi order barred ZEEL's Punit Goenka and Shubhash Chandra from holding any key positions in the company and other organisations. Now the order will be heard on September 13, reported PTI.

Nvidia and Reliance Industries, India’s largest company by market cap, will together build a foundational large language model (LLM) — an artificial intelligence algorithm —that will be trained on an array of diverse Indic languages used by the country’s 1.4 billion people, chief executive Jensen Huang announced on Friday. The $27.5-billion company, which is the world’s best-known maker of hardware and software for AI tools, also said it will partner with the salt-to-software conglomerate Tata Group to advance AI infrastructure in India.

Cryptocurrency company Ripple announced on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure, giving it a license in Nevada and allowing it to expand beyond its core bread and butter of blockchain-enabled payments.

Welcome to the weekend. To start off your day, we’ve curated 10 great reads to enjoy.

Ares SSG Capital Management has filed an application with the Bengaluru bankruptcy tribunal to admit Coffee Day Enterprises for corporate insolvency over its ₹228-crore bond default, people aware of the development told ET. The global fund filed the application through IDBI Trusteeship. Coffee Day Enterprises (CDEL) informed the exchange about the insolvency application filed by IDBI Trusteeship without naming the bondholder.

Rishi Sunak has said that there is progress in talks between India and Britain on a free trade agreement, but he «won't rush» into the trade deal, according to a report by BBC. Sunak is here to attend the G20 Summit on September 9-10. The remarks assume significance as the 12th round of talks concluded last month between the officials of the two countries.

₹228 crore, the company said in a regulatory filing on Friday. Coffee Day Enterprises is the parent company of the Coffee Day group. “The company is seeking appropriate legal advice and will take all appropriate steps to protect its interest in the matter," Coffee Day Enterprises said in the statement on the stock exchanges.

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

₹2,000 crore will be subject to CCI's merger regulations, regardless of whether they meet the conventional thresholds. The purpose of this public consultation is to ensure a smooth implementation process for the newly enacted regime. Stakeholders have until 25 September to submit their perspectives.

Mint in May Sinha said that TV continues to offer the best returns on investment (ROI) for ad campaigns during the India Premier League. He had said that the company had seen a high double-digit growth last year from its ‘growing’ brands like Ikea, Boat, and Fastrack and Spotify etc.

Adani Enterprises shares jumped 0.38%, while that of Adani Ports and Adani Power rose 1.92% and 2.84%, respectively. Adani Wilmar and Adani Green also ended the day in green, and on the other hand, Adani Total Gas and Adani Energy closed with cuts. Adani stocks held steady for the past few days despite a Hindenburg-like ambush from George Soros-backed Organised Crime and Corruption Reporting Project (OCCRP). The report claimed that two men who secretly invested in the conglomerate have close ties with the Adani family, adding that the two men have also served as directors and shareholders in Adani Group companies and companies associated with Gautam Adani's brother Vinod Adani. Meanwhile, Adani Group has dismissed the allegations made by OCCRP. The conglomerate said reports appear to be yet another concerted bid by Soros-funded interests supported by a section of the foreign media to revive the meritless Hindenburg report. Adani stocks had seen a severe rout in the market cap following corporate governance allegations by Hindenburg Research early this year.

SEBI's confirmatory order that barred Zee Entertainment Enterprises' Punit Goenka and Subhash Chandra from holding any key positions in the company and other organisations.

The NSE Nifty index ended the session 92.9 points up at 19819.95, while BSE Sensex rose 333.35 points to 66598.91. In the Nifty index, Coal India Ltd.(up 2.96 per cent), NTPC Ltd.(up 2.63 per cent), Bharat Petroleum Corporation Ltd.(up 2.07 per cent), Tata Motors Ltd.(up 2.01 per cent) and Larsen & Toubro Ltd.(up 1.94 per cent) stood among the top gainers. On the other hand, Eicher Motors Ltd.(down 0.93 per cent), UPL Ltd.(down 0.90 per cent), Apollo Hospitals Enterprise Ltd.(down 0.87 per cent), UltraTech Cement Ltd.(down 0.76 per cent) and ITC Ltd.(down 0.73 per cent) were among the top losers of the day.

The NSE Nifty index closed 92.9 points up at 19819.95, while BSE Sensex ended up 333.35 points at 66598.91. On the other hand, Eicher Motors Ltd.(down 0.93 per cent), UPL Ltd.(down 0.90 per cent), Apollo Hospitals Enterprise Ltd.(down 0.87 per cent), UltraTech Cement Ltd.(down 0.76 per cent) and ITC Ltd.(down 0.73 per cent) were among the top losers of the day.

DPSC(up 15.88%), Transformers and Rectifiers(India)(up 13.77%), RTNPOWER(up 4.32%), Karma Energy(up 3.42%), Alstom T&D India(up 3.33%), JSW Energy(up 3.16%), Orient Green Power Company(up 2.91%), Adani Power(up 2.88%), NTPC(up 2.63%) and Hitachi Energy India(up 2.34%) stood among the top gainers. Voltamp Transformers(down 4.19%), Jaiprakash Power Ventures(down 2.56%), NHPC(down 2.13%), Kalpataru Projects International(down 1.20%), Gujarat Industries Power(down 0.88%), Adani Energy Solutions(down 0.76%), Inox Wind Energy(down 0.63%), Energy Development Company(down 0.49%), Reliance Power(down 0.24%) and Suzlon Energy(down 0.21%) were among the top losers of the day. The NSE Nifty50 index ended 92.9 points up at 19819.95, while the 30-share BSE Sensex closed up 333.35 points at 66598.91. Coal India Ltd.(up 2.95%), NTPC Ltd.(up 2.62%), Bharat Petroleum Corporation Ltd.(up 2.07%), Tata Motors Ltd.(up 2.0%), Larsen & Toubro Ltd.(up 1.93%), Adani Ports & Special Economic Zone Ltd.(up 1.86%), Hero MotoCorp Ltd.(up 1.61%), Oil And Natural Gas Corporation Ltd.(up 1.48%), Bajaj Finserv Ltd.(up 1.41%) and Bharti Airtel Ltd.(up 1.2%) stood among the top gainers in the Nifty pack. On the other hand, Eicher Motors Ltd.(down 0.92%), UPL Ltd.(down 0.89%), Apollo Hospitals Enterprise Ltd.(down 0.87%), UltraTech Cement Ltd.(down 0.76%), ITC Ltd.(down 0.72%), Tata Consumer Products Ltd.(down 0.65%), Wipro Ltd.(down 0.65%), Dr.