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Diplomats and analysts said the surprise consensus in the summit statement on the Russia-Ukraine conflict avoided a split in the group, and the inclusion of the African Union as a new member represented a victory for host India and for developing economies, but the rest was disappointing. «The G20 has been at its best as a multilateral forum when it can forge consensus — not just on language, but on action — to deal with serious global issues, such as global financial crises,» said Michael Froman, president of the New York-based Council on Foreign Relations. «Looking ahead, the focus should be on that, not on the statement per se,» said Froman, a former U.S.

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JLL India. Real estate consultant JLL India on Monday released its report 'India Retail: Evolving to a new dawn' that highlighted the operational retail real estate space in shopping malls stood at 89 million square feet. The operational retail stock as of H1 2023 in the top seven cities (Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Chennai, and Hyderabad) stands at 89 million square feet as of June-end this year. Out of the total retail stocks in malls, Delhi NCR has the maximum 28 million square feet, followed by Mumbai with 17 million square feet and Bengaluru 14 million square feet. «The physical retail space segment has an expected supply pipeline of over 38 million sq ft of retail developments between H2 2023 and 2027, across the top seven cities,» JLL said.

Trudeau was in India for the G20 Leaders' summit on Sunday, Khalistani secessionists held a so-called ‘Referendum’ in Surrey, British Columbia. Designated terrorist Gurpatwant Singh Pannun, the founder of the banned Sikhs for Justice (SFJ), was present at the gathering of the Khalistani separatists held at the Guru Nanak Singh Gurudwara in Surrey, Vancouver. In a provocative speech, Pannun used intimidating language against Prime Minister Narendra Modi, External Affairs Minister S Jaishankar and other leaders. He claimed that the separatists were challenging the territorial integrity of India. Prime Minister Modi had on Sunday raised “strong concerns” about the continuous “anti-India activities” by extremist elements in Canada in his pull-aside meeting with Canadian PM Justin Trudeau. Prime Minister Modi stated that it was essential for the two countries to cooperate in dealing with such threats. “The Prime Minister conveyed our strong concerns about continuing anti-India activities of extremist elements in Canada.

Vodafone Idea shares jumped 10% to their 52-week high of Rs 12 on the NSE on Monday following 50% payment of their licence fees and spectrum usage charge (SUC) dues for the March quarter. The company has also assured the Department of Telecommunications (DoT) that 90% of the dues for the June quarter will be cleared in a staggered manner along with interest payment. The price action witnessed strong volume action in the stock with over 35.76 crore shares changing hands on the NSE in the intraday trade around 12 pm.

Ircon International share price surged 19.3% to touch a 52-week high of ₹159.25 apiece, Rail Vikas Nigam share price jumped 17.6% to hit a 52-week high of ₹191.40 apiece, and Indian Railway Finance Corporation (IRFC)share price rose 10% to touch a 52-week high of ₹84.76 apiece on BSE. According to to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, these railways stocks have seen strong traction in the September month as Ircon International stock is up by 38% , Rail Vikas Nigam is up by 41% and IRFC stock is up by 68%, respectively. The momentum is strongly in favours of bulls but post a strong move in just 10 day, the indicators are in overbought.

real estate assets through the Real Estate Investment Trusts (REITs) has infused higher transparency in transaction and management structures of these assets and realtors are now aiming to develop investment grade assets with single ownership structure. The developers have started appreciating that retail is a specialized asset class that constantly requires upgradation of tenant mix and the property with focus on parameters such as zoning and mall management to ensure monetization of the asset. Indian retail-led real estate is expected to witness a supply of over 38 million sq ft between the second half of 2023 and 2027. Of the existing retail real estate stock across the top seven cities of India, around 44 million sq ft of retail assets offer a potential to be listed as a REIT and of these, more than half are in Mumbai and NCR-Delhi region, showed data from JLL India. “India’s retail sector is on an elevated growth curve where the focus is on creating an innovative built environment, greater connections with the consumers, and curating physical storefronts in untapped regions of the country including tier II and III cities,” said Rahul Arora, Head of Office Leasing Advisory and Retail Services, India, JLL. Following the success of three office properties-led REITs, India’s public markets saw the launch of the first retail assets-led REIT, Nexus Select Trust, earlier this year.

Big energy companies’ plans to turn Tasmania’s Bell Bay region into a hydrogen export mecca have taken a back seat as the Tasmanian government turns its focus onto domestic hydrogen projects.

SJVN shares jumped 10.5% to hit a 52-week high of Rs 70.7 in Monday's trade on BSE after the company's subsidiary SJVN Green Energy (SGEL) signed a power purchase agreement with Bhakra Beas Management Board (BBMB) to develop an 18 MW solar power project. «The project will be developed on the land parcels of BBMB in the states of Himachal Pradesh & Punjab. The project is scheduled to be commissioned by August 2024,» the company said in an exchange filing. The project has been secured through open competitive bidding at a tariff of Rs 2.63/- in the e-reverse auction organized by the Punjab Energy Development Agency, SJVN said. The project will generate 39.42 million units of energy in the first year of operation, and the cumulative energy generation over a period of 25 years would be about 917 million units, the company added. The Power Purchase Agreement for the power produced from the project has been signed with BBMB for 25 years. SJVN plans to install over 10,000 MW renewable energy capacity in three years while progressing towards its shared vision of becoming a company of 25000 MW by 2030 and 50000 MW by 2040, the company said. At 10.18 am, the scrip was trading 8.8% higher at Rs 69.6 on BSE.

G20 Summit in Delhi on Friday. Speaking to ANI, Rishi Sunak said, "Both Modi Ji and I are keen to see a comprehensive and ambitious trade deal concluded between our two countries. Both of us think that there is a good deal to be done." The British premier stressed there was “still hard work to do" and said an agreement had to “work for both countries", as per Bloomberg reports, citing ANI. “I think there is an enormous opportunity for both India and the UK to strengthen our economic cooperation which will bring real benefits to our citizens in both countries," the UK PM added.

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.

About 146,000 U.S. auto workers are set to go on strike this week if General Motors, Ford and Stellantis fail to meet their demands for big pay raises and the restoration of concessions the workers made years ago when the companies were in financial tr...

The new rules could require UK based crypto asset businesses to withhold some crypto transfers. If an inbound payment is received by a virtual asset service provider (VASP) from a country that has not implements the new rules, the VASP is required to make a risk based assessment around whether to make the assets available to the recipient.

India’s Prime Minister Narendra Modi touted his country as well-placed to bridge gaps in the Group of 20 top economies and solve global problems

V Anantha Nageswaran has said. The Indian G20 presidency has significantly added momentum and direction to future work in a number of critical areas, he told Deepshikha Sikarwar in an interview.

The Western Australian tourism minister wants new Qantas boss Vanessa Hudson to sort out a long-running dispute with Perth Airport over when the airline’s flights will move to a new central terminal.

greenhouse gas emissions, to meet Paris Agreement goals but doesn’t explicitly lay down as to how they would do it. One of the critical aspects of the declaration, however, is that it underlines the principles of common but differentiated responsibilities (CBDR) in mitigation efforts, and also of different national circumstances that can be useful to the countries of the Global South ahead of the UN Climate Meeting (COP28) in Dubai in November.

By Katya Golubkova, Michel Rose and Manoj Kumar

(Reuters) — The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing people with knowledge of the talks.

G20 summit, with Justin Trudeau remaining adamant on the concept of «Freedom of Expression» for communities in his country and «foreign interference». Modi minced no words when he told Trudeau that relations were anchored in shared democratic values, respect for rule of law and strong people-to-people ties, officials informed. Modi conveyed India's strong concerns about continuing anti-India activities by extremist elements in Canada. They are promoting secessionism and inciting violence against Indian diplomats, damaging diplomatic premises and threatening the Indian community in Canada and their places of worship, officials said, adding that the nexus of such forces with organised crime, drug syndicates and human trafficking should be a concern for Canada as well.

The increase in hiring activity comes even as the past few quarters saw handset makers pull back on hiring due to muted shipments. However, the pick-up in 5G shipments, coupled with expected positive customer sentiment around the festive season will prompt brands to increase their sales and support workforce for this period, they added. «This is the first festive season that truly reflects the economic situation in that it does not have the overhang of the pandemic, nor the euphoria of coming out of the pandemic as 2022 did.