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Germany's Development Minister Svenja Schulze, who is on a three-day visit to Gujarat to represent her country at the 4th Global Renewable Energy Investor's (RE-INVEST) meet here, has said that the problems of the world cannot be solved without India's involvement. In an exclusive conversation with IANS on Monday, Schulze, who is leading a delegation of around 20 representatives, emphasised the growing importance of India's involvement in solving global challenges and the p...
World problems can`t be solved without India`s involvement: German Minister
The Round of 16 is all set to begin on Saturday. Following the impressive performances by teams like Germany and Spain, many are wondering if the 2024 Euros is the tournament where these giants will end their trophy drought. In an exclusive conversation with IANS, former Indian captain Bhaichung Bhutia revealed that he believes the Germans are the favourites heading into the knockout stages. “I think Germany's got a history of, it's like Real Madrid in the Champions ...
Euros 2024: Bhaichung Bhutia hails Spain and Germany as favourites heading into knockout stages
Driven by political stability and a skilled workforce, India's importance as an investment location for global companies is growing sustainably and at least six out of 10 (59 per cent) of German companies plan to increase their investments in India during the current financial year, according to a new report. Moreover, 78 per cent of respondents expect rising sales and 55 per cent expect increasing profits for the current financial year, an increase of 7 per cent against the previous y...
6 out of 10 German firms plan new investments in India in FY25 over positive economic outlook
S H Kelkar & Company is currently trading at Rs. 180.05, up by 2.35 points or 1.32% from its previous closing of Rs. 177.70 on the BSE. The scrip opened at Rs. 175.00 and has touched a high and low of Rs. 180.95 and Rs. 175.00 respectively. So far 7510 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 231.70 on 23-Apr-2024 and a 52 week low of Rs. 111.55 on 06-Jun-2023. Last one week high and low of the scrip...
S H Kelkar & Company gains as its arm incorporates WOS in Germany
Tesla has begun production of right-hand drive cars at its plant in Germany for export to India later this year, three people aware of the company's plans told Reuters, as it moves ahead with a possible entry into the world's third-largest car market. A team from Tesla is expected to visit India later this month to look at sites for a local car manufacturing plant that would require an investment of about $2 billion, said two of the three people, who declined to be named because th...
Tesla begins making cars in Germany for export to India this year
As countries like Germany, Japan and the UK continue to drop down in GDP (PPP) rankings over the years, India has achieved significant gains in GDP and the country’s share has been significantly increasing, a latest report has revealed. GDP (PPP) means gross domestic product based on purchasing power parity. According to research by Delhi-based nonprofit Social Policy Research Foundation (SPRF), as of 2024, the Indian economy, when seen at PPP, is 3.6 times that of the UK, 2.1 tim...
India pips countries like Germany, Britain in GDP (PPP) gains
Indian toy makers, who participated in the five-day international toy fair at Nuremberg in Germany, claim to have received huge orders worth more than $10 million, the Union Commerce Ministry said on Monday. According to the toy exporters, buyers from countries such as the US, the UK, South Africa and Germany showed interest in their products and placed a good number of orders at the fair that concluded on February 3. There were more than 55 participants from India this year who show...
Indian toy makers get $10 mn worth export orders at global fair in Germany
Finance Minister Nirmala Sitharaman has said India is expected to overtake Japan and Germany to emerge as the third largest economy in the world by 2027. Sitharaman said India's economic growth is estimated to be just under 7 per cent during the year, the highest among major economies, despite global headwinds. She also said the Indian economy is therefore on the right track and is heading towards a bright future. Further, she said amidst supply-chain disruptions and econom...
India expected to overtake Japan, Germany to emerge as third largest economy in world by 2027 FM Nirmala Sitharaman
Global Mental HealthTech startups have seen a significant decline in funding in 2023, as the startup space saw only $713 million in funding this year, 52.5 per cent less than the $1.5 billion raised in the same period in 2022, and 79 per cent less than from $3.43 billion in 2021, a new report said on Tuesday. According to the leading market intelligence platform Tracxn, this drop in funding is primarily due to the ongoing economic slowdown and other macroeconomic factors affecting the cash...
Funding into Mental HealthTech startups drops globally this year
Companies with foreign technical collaboration (FTC) agreements for motor vehicles sectors had the highest share in total production of FTC companies in the country, according to the RBI's latest biennial survey released on Tuesday. "The motor vehicles sector recorded 28.4 per cent production growth during 2022-23 as against 24.3 per cent growth registered by all FTC companies," the survey noted. Japan, the US, and Germany remained the top three source countries for techno...
Automobile sector leads in India`s foreign technical collaborations: RBI survey
Auto components maker Schaeffler India reported an 8% rise in second-quarter profit on Friday, led by the demand for automotive products amid a nascent recovery in rural demand. Standalone profit for the Indian unit of Germany's Schaeffler AG was 2.33 billion rupees ($28.00 million) in the quarter ended Sept. 30, compared with 2.15 billion rupees a year earlier. The profit growth marked the third straight quarter of single-digit increase. The September rainfall made up for a defi...
Schaeffler`s India unit Q2 profit rises on robust demand
Commerce Minister Piyush Goyal will attend the Group of Seven (G7) Trade Ministers' meeting in Japan's Osaka from October 28-29. He will also have bilateral meetings with a few G7 countries, invitee countries and a few international organisations such as WTO, on the sidelines of the outreach programmes. Trade Ministers of G7 member states hold an annual meeting with the aim to meet the current global challenges related to trade and investment and to set the course for a better f...
Commerce Minister to attend G7 Trade Ministers meeting in Japan on October 28-29
S&P Global Market Intelligence in its latest issue of PMI has said that India, the world?s fifth largest economy in the world, is likely to overtake Japan to become the world?s third-largest economy with a GDP of $7.3 trillion by 2030. It said after two years of rapid economic growth in 2021 and 2022, the Indian economy has continued to show sustained strong growth during the 2023 calendar year. India?s gross domestic product (GDP) is expected to grow 6.2-6.3 per cent in the fiscal year endin...
India likely to overtake Japan to become world`s third-largest economy by 2030: S&P Global
Oil prices slid more than $1 on Monday as diplomatic efforts grew over the weekend to contain a conflict between Israel and the Palestinian Islamist group Hamas, amid worries of a wider confrontation in the oil-rich region and pressure on supplies.Brent crude futures fell 67 cents to $91.49 a barrel, as of 0203 GMT, having lost $1.02 to $91.14 a barrel earlier in the session. U.S. West Texas Intermediate crude futures lost 72 cents to trade at $87.36 a barrel, after sliding $1.72 to $87.03 a ...
Oil prices ease as aid convoys arrive in embattled Gaza Strip
South Korea's leading carmakers Hyundai Motor and Kia said on Wednesday that they have inked a strategic partnership with the German automotive chipmaker Infineon Technologies AG, so as to secure its power semiconductor supply chain.Under the deal, sealed in Munich, Germany, the companies will cooperate in developing power semiconductors, a key component for eco-friendly cars to control and convert electric power, according to the South Korean companies, reports Yonhap news agency.Hyundai and...
Hyundai, Kia partner Germany`s top automotive chipmaker
The IMF. in its latest update. has said that India is one of the large emerging economies that has been doing better than expected.The IMF said India has been doing better for a while now and that India is, in fact, one of the growth engines in the world economy at this point.The IMF said important divergences are appearing. The slowdown is more pronounced in advanced economies than in emerging markets and developing economies. Among the advanced economies, the US has been revised up, with re...
India to be one of world`s fastest growing economies over next decade
Federation of Indian Export Organisations (FIEO) in its latest study has said that aggressive marketing strategy including support from the government can help Indian businesses tap $112 billion export potential in ten countries like the US and UK in three years. It said that to tap this potential, a proper strategy is required.FIEO suggested the government to formulate a scheme to support participation of domestic industry in exhibitions, buyers-sellers meet, and roadshows in important citie...
Aggressive marketing strategy to help tap $112 billion export potential in 10 countries in three years: FIEO
Finance Minister Nirmala Sitharaman will leave on October 10 for an official visit to attend the annual meetings of the World Bank Group and the International Monetary Fund (IMF), along with G20 meetings at Marrakech in Morocco.During the visit, the Finance Minister will also hold bilateral meetings with Indonesia, Morocco, Brazil, Switzerland, Germany and France, besides other associated meetings, scheduled to take place from October 11-15 in Marrakech.The annual meetings will be attended by...
Niramala Sitharaman to attend World Bank-IMF, G20 meetings in Morocco
Infant formula and the early introduction of fizzy drinks raise the risk of higher levels of body fat early in childhood, according to a research.On the contrary, babies who were breastfed for at least six months or longer had a lower percentage of body fat by age nine compared to those who did not receive breast milk for six months (a group that includes children who were never breastfed or received breast milk for less than six months).Children who were not given soda before 18 months also ...
Infant formula, fizzy drinks in babies may raise early obesity risk
The men's second seed, Daniil Medvedev, beat Frenchman Ugo Humbert 6-4, 3-6, 6-1 to advance to the semifinals of the China Open here on Monday.The World No. 3 Russian broke Humbert's service game six times, while the latter broke four times throughout the 125-minute match, reports Xinhua.Medvedev committed nine double faults, including two in a row, to concede his service game in the eighth game of the second set.The Russian solved his serving problems in the third set, making no double fault...
Medvedev reaches China Open semifinals
The Indian Hotels Company is currently trading at Rs. 426.45, up by 2.75 points or 0.65% from its previous closing of Rs. 423.70 on the BSE.The scrip opened at Rs. 428.95 and has touched a high and low of Rs. 431.95 and Rs. 425.50 respectively. So far 111489 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 436.25 on 07-Sep-2023 and a 52 week low of Rs. 280.20 on 27-Jan-2023.Last one week high and low of the scrip stood at Rs. 433....
Indian Hotels Company gains on signing Taj Hotel Hessischer Hof in Germany
IT industry's apex body Nasscom on Tuesday announced the appointment of Sindhu Gangadharan, SVP and MD, SAP Labs India and Head, SAP User Enablement, as Vice Chairperson.In her new role, she will leverage her extensive experience in technology and corporate leadership gained over decades in both India and Germany to help shape India's TechAde.As the first woman to lead SAP Labs India, SAP's largest R&D centre globally, Gangadharan was responsible for overseeing the product developme...
Nasscom appoints SAP executive Sindhu Gangadharan as Vice Chairperson
US President Joe Biden on Sunday departed from Delhi to Vietnam after concluding the G20 summit.Biden had arrived on the evening of September 8 to attend the G20 Summit in the national capital.He held bilateral discussions with Prime Minister Narendra Modi on the same day, where both the nations agreed to co-operate in the sectors like telecom, space, renewable energy, defence and education.Biden along with Modi also announced the launch of the Global Biofuels Alliance on the sidelines of the...
US Prez Joe Biden departs for Vietnam after attending G20 Summit
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