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Also Read: G20 Summit: ‘Game-changing regional investment,’ says Joe Biden on India-Middle East-Europe Economic Corridor During a media briefing, Macron discussed the strategic partnership between India and France, highlighting that it goes beyond just bilateral cooperation. He stressed the importance of both countries collaborating to counter the global trend of increasing fragmentation.

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.

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

₹300 crore over 3-4 years to expand its Sri City manufacturing unit in Andhra Pradesh to achieve its exports targets, the company’s management said in a press briefing. “We have already invested ₹300 crore in our new Sri factory.

Hero Electric and Okinawa Autotech. The two were leading the market till 2021. Then there is Greaves Electric Mobility, a subsidiary of Greaves Cotton, a listed entity, and is backed by Saudi Arabian investor Abdul Latif Jameel.

Mint finds out. Demand scaled new highs on three of the last four days of August this year. For the full month, power consumption grew 21% compared with August last year.

agricultural equipment. India is already a large producer of diesel engines to meet JCB’s global needs, and it would take up the manufacture of even hydrogen engines once the technology is mastered and put into JCB machines, chairman Lord Bamford said. “We make engines in India.

Europe-West Asia-India transit corridor reinforces Europe's shift away from Russian energy sources in favour of supply from the Persian Gulf, a part of which is processed in India for re-export. The corridor also establishes an alternative to the Suez Canal, which is emerging as a choke point for just-in-time global supply chains.

By Nandita Bose, Francesco Guarascio and Trevor Hunnicutt

Sitharaman and I are coming together today for an Economic and Financial Dialogue (EFD), the 12th meeting of its kind. Since 2007, our predecessors have been using these unique opportunities to make key decisions that will advance bilateral trade, investment and collaboration between the British and Indian economies. Trade between our two countries has more than doubled in this time. As ever, there’s a lot to discuss — from infrastructure to pensions and to reaching climate and sustainability ambitions.

India and France on Sunday decided to focus on early finalisation of the defence industrial roadmap when Prime Minister Narendra Modi met French President Emanuel Macron over a lunch meeting here following the G20 summit. The leaders reiterated their commitment to strengthen defence cooperation through partnership in design, development, testing and manufacture of advanced defence technologies and platforms, and expand production in India, including for countries in Indo-Pacific and beyond. They also called for early finalisation of the defence industrial roadmap, according to a joint statement issued following talks. Laying emphasis on digital, science, technological innovation, education, culture, health and environment cooperation, both leaders called for strengthening institutional linkages in these domains, on the model of the Indo-French Campus for Indo-Pacific.

JCB) Excavators, one of the world's largest manufacturers of construction equipment like backhoe loaders and telescopic handlers, aims to increase exports from its India unit this year to 45% of its output, up from 10% five years ago, a top executive said. India, one of the fastest-growing major economies, is JCB's largest market outside Europe. Here, the Bamford family-owned company is also looking to test its recently developed hydrogen combustion engine, its chairman, Lord Bamford, told reporters at the company's global headquarters in Rocester, UK. JCB is also looking to make electrolysers which will produce hydrogen from water for testing its zero-emission backhoe loaders — a first in the construction equipment sector — Bamford said, adding that the electrolysers will be produced for captive consumption. The company plans to commence production of the electrolysers in the next 18 months at its UK facility.

Exide Industries Ltd aims to capitalize on these opportunities by venturing into lithium-ion cell manufacturing. Investors have given a thumbs up. Exide’s shares have risen by nearly 52% so far in 2023, versus the 9.5% gain in the Nifty 50 index.

NEW DELHI : Prime Minister Narendra Modi and French President Emmanuel Macron on Sunday decided to expand production of advanced defence technologies in India, including for third countries in the Indo-Pacific region and beyond. The two leaders were meeting bilaterally on the sidelines of the G20 leaders’ summit in New Delhi.

₹100 crore in the equity share capital of its wholly owned subsidiary—Exide Energy Solutions Ltd—through a rights issue. It is under this subsidiary that Exide is setting up a plant to manufacture lithium-ion cells. The plant is yet to start operations and once it scales up it would add to Exide’s earnings.

Indian Air Force, would be in Spain this week where he would receive the first C-295 transport plane made for India by global aircraft manufacturer Airbus for India at a facility in Seville. The Indian Air Force has signed a contract for 56 of these planes of which 16 would be made in Spain while the remaining 40 would be produced by the joint venture of Tata and Airbus in their facility in Vadodara, Gujarat. «The IAF chief would receive the first aircraft from Airbus at their facility in Seville, Spain on Wednesday. The aircraft would be flying to India from there after the ceremony,» defence officials told ANI. The aircraft is the first of the 16 planes that India has ordered. The aircraft is expected to be inducted formally into the service at a ceremony in Hindan around September last week. The Indian Air Force chief was personally involved in the contract at important stages as the Deputy Chief of Air Staff where he was leading the contract negotiations. The Indian Defence Ministry and Airbus Defence and Space, Spain signed a contract for procurement of 56 C-295 aircraft for the Indian Air Force in September 2021.

Joe Biden arrives in Vietnam on Sunday to deepen cooperation between the two nations, in the face of China's growing ambitions in the region. Biden — who is flying from the G20 summit in New Delhi — will meet the leader of Vietnam's ruling Communist Party, Nguyen Phu Trong, on Sunday, and is expected to sign off on a «comprehensive strategic partnership», Hanoi's highest level of diplomatic ties. The underlying goal of the short visit will be much the same as Biden's time at the G20 gathering — to shore up support against China's increasing influence. For Vietnam, the upgrading of diplomatic ties is significant.

Narendra Modi and French President Emmanuel Macron on Sunday held talks on the sidelines of the G20 Summit where the two leaders vowed to strengthen Indo-French defence ties through partnership in design, development and manufacture of advanced defence technologies and platforms including for third countries in the Indo-Pacific. «Both leaders reiterated their commitment to strengthen the defence cooperation through partnership in design, development, testing and manufacture of advanced defence technologies and platforms, and expand production in India, including for third countries in Indo-Pacific,» said a joint statement. «In this context, they also called for early finalisation of the Defence Industrial Roadmap,» it said. Thw two leaders emphasised the need to expand Indo-French collaboration to address regional and global challenges. The statement also said India and France welcomed African Union's membership to G20 and resolved look to work with AU for progress, prosperity and development of Africa.

Recent food recalls have been spurred by foreign objects like rocks, insects and plastic

Wipro Ltd. A two-member Chennai bench of the appellate tribunal held earlier that there was a pre-existing dispute over the payment between Wipro and the petitioner and observed that the Insolvency and Bankruptcy Code was not framed for being a «mere recovery legislation for creditors». The National Company Law Appellate Tribunal (NCLAT) has upheld the order of the NCLT.

IPOs This Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week sees strong market buzz for September, which is similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. ‘’There was decline in IPO activities in 2022 and expected to have a jump of 30 per cent in IPO issuance in 2023.