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Moonstruck! From US to South Africa -- a `proud day` for Indian diaspora It was a 'proud and historic day' for India's 32 million-plus strong diaspora, which stood in unison with their mother country amid chants of 'Bharat Mata ki Jai' and 'Vande Mataram', as the nation conquered the moon on Wednesday with its historic Chandrayaan-3 mission. From holding special screenings of the landing event, to saying prayers and distributing sweets, loudest cheers on the mission's success could be heard from the community that is far away, ye...
Moonstruck! From US to South Africa -- a `proud day` for Indian diaspora
Moonstruck! From US to South Africa -- a `proud day` for Indian diaspora
Source: IANS
24/08/2023 12:03:51 PM
Rupee strengthens against US dollar on Wednesday Indian rupee strengthened against the US dollar on Wednesday, despite cautious mood ahead of the BRICS summit and US Federal Reserve Chair Jerome Powell's speech at Jackson Hole Symposium this week for clues about the future path of interest rates. Softness in the American currency and a string of supportive measures in China supported rupee’s uptrend. However, Foreign Institutional Investors were net sellers in capital markets as they offloaded shares worth Rs 495.17 crore on Tuesd...
Rupee strengthens against US dollar on Wednesday
Rupee strengthens against US dollar on Wednesday
Source: Accord Fintech
23/08/2023 11:34:18 AM
BRICS driving force of global growth, catching up with combined GDP of G7 countries: Piyush Goyal Union Minister of Commerce Piyush Goyal has said BRICS is the driving force of global growth and the economies in the five-member bloc are catching up with the combined GDP of G7 countries, with significant shifts in the manufacturing process. He said ‘the 21st century has witnessed significant shifts in what we manufacture, how we manufacture and for whom we manufacture’. He added ‘Manufacturing is a significant part of trade and industry and plays a pivotal role in the gro...
BRICS driving force of global growth, catching up with combined GDP of G7 countries: Piyush Goyal
BRICS driving force of global growth, catching up with combined GDP of G7 countries: Piyush Goyal
Source: Accord Fintech
22/08/2023 10:22:05 AM
India to launch BRICS Startup Forum to facilitate collaboration among startups, investors With an aim of facilitating collaboration and sharing best practices among startups, investors, incubators, and aspiring entrepreneurs, Union Minister of Commerce and Industry, Textiles, Consumer Affairs and Food & Public Distribution, Piyush Goyal has said that India will be launching the BRICS Startup Forum in 2023. While highlighting the transformation that has taken place in India, Goyal also commented on the expanding Startup India initiative that has led to the creation of nearly...
India to launch BRICS Startup Forum to facilitate collaboration among startups, investors
India to launch BRICS Startup Forum to facilitate collaboration among startups, investors
Source: Accord Fintech
8/08/2023 1:48:58 PM
Experts pitch for BRICS sovereign ratings agency to counter West`s Big 3 The sovereign rating by a global credit rating agency has a say in currency transactions, and a downgrade will affect the nation's currency, said a senior industry official, indicating the need for a non-western credit rating agency. Speaking to IANS on the condition of anonymity, the official said: "There is a perception that the western credit rating agencies have a slight bias in their sovereign rating of India." According to the official, the credit rating agencies tha...
Experts pitch for BRICS sovereign ratings agency to counter West`s Big 3
Experts pitch for BRICS sovereign ratings agency to counter West`s Big 3
Source: IANS
6/05/2023 12:51:07 PM
BRICS countries hold talks on reserve currency The BRICS countries are working on establishing a new reserve currency to better serve their economic interests, Ambassador at Large of Russia's Foreign Ministry Pavel Knyazev said. It will be based on a basket of the currencies of the five-nation bloc, RT reported. "The possibility and prospects of setting up a common single currency based on a basket of currencies of the BRICS countries is being discussed," Knyazev said during a discussion about expanding BRICS and the S...
BRICS countries hold talks on reserve currency
BRICS countries hold talks on reserve currency
Source: IANS
3/10/2022 9:38:54 AM
G7 Meet: India should cooperate but avoid co-option in the pro-west club Two important global events which took place within a week of each other this month: the G7 and the virtually held BRICS summit represent a microcosm of the trends reshaping global geopolitics. The recently concluded G7 meet in Germany and the virtually held 14th BRICS summit evince why the West may be adapting to accommodate the global South, particularly India, at a time when the chinks in the armour of both BRICS and the G7 are glaring. While the BRICS faces an elusive unified positi...
G7 Meet: India should cooperate but avoid co-option in the pro-west club
G7 Meet: India should cooperate but avoid co-option in the pro-west club
Source: IANS
2/07/2022 2:18:48 PM
PM Narendra Modi calls for mutual cooperation for post-Covid economic recovery The BRICS member nations have a similar approach to the governance of global economy and mutual cooperation can make a useful contribution to the post-Covid economic recovery, Prime Minister Narendra Modi said on Thursday. "We, the BRICS member countries, have had a very similar view on the governance of the global economy. So our mutual cooperation can make a useful contribution to post-Covid global recovery," Modi said in his opening remarks at the virtual 14th BRICS Summit on ...
PM Narendra Modi calls for mutual cooperation for post-Covid economic recovery
PM Narendra Modi calls for mutual cooperation for post-Covid economic recovery
Source: IANS
24/06/2022 9:40:31 AM
PM Narendra Modi's participation at BRICS summit showcases India's Strategic Autonomy doctrine The two-day BRICS (Brazil-Russia-India-China-South Africa) summit slated to kick off tomorrow, will be closely scrutinised for reasons more than one. While this will be Russian President Vladimir Putin's first appearance at an international forum since Moscow's invasion into Ukraine in February, Prime Minister Narendra Modi's presence at the summit despite China's reluctance to pull back from the friction points along the Line of Actual Control (LAC) in eastern Ladakh has also...
PM Narendra Modi's participation at BRICS summit showcases India's Strategic Autonomy doctrine
PM Narendra Modi's participation at BRICS summit showcases India's Strategic Autonomy doctrine
Source: IANS
23/06/2022 5:32:30 PM
India Exim Bank Announces the Winner of the BRICS Economic Research Award 2022 India Exim Bank’s BRICS Economic Research Award 2022 was presented to the Award winner, Dr. Apoorv Gupta during the 12th Annual BRICS Financial Forum hosted online by China Development Bank (CDB), on June 17, 2022 in the presence of heads of member development banks of the BRICS Interbank Cooperation Mechanism.   Dr.Apoorv Guptawas declared the winner of Export-Import Bank of India’s (India Exim Bank’s) BRICS Economic Research Award 2022 by Ms. Harsha Bangari, Man...
India Exim Bank Announces the Winner of the BRICS Economic Research Award 2022
India Exim Bank Announces the Winner of the BRICS Economic Research Award 2022
Source: PR Agency
21/06/2022 11:57:56 AM
KKR appoints K V Kamath as senior advisor Global investment firm KKR Tuesday announced the appointment of K.V. Kamath as a Senior Advisor to KKR India. His appointment is effective immediately. Most recently, Kamath served as the first President of the New Development Bank, a multilateral development bank established by the BRICS nations, from its founding in 2015 until 2020. Prior to that, he was Chairman of ICICI Bank and Infosys Limited, two of India's leading companies. In October 2021, he was appointed the Chairpers...
KKR appoints K V Kamath as senior advisor
KKR appoints K V Kamath as senior advisor
Source: IANS
9/11/2021 4:20:28 PM
India to hold 2-day BRICS meet on Green Hydrogen initiatives India is set to host a two-day summit on Green Hydrogen initiatives starting June 22 involving the BRICS nations. The event offers a platform to share their respective Green Hydrogen initiatives and views on how to take it to the next level in their own countries, said an NTPC statement. The online event will be held via a video conference and will conclude on June 23. The event will be anchored by India's state-run power major NTPC. The virtual summit will bring the best brai...
India to hold 2-day BRICS meet on Green Hydrogen initiatives
India to hold 2-day BRICS meet on Green Hydrogen initiatives
Source: IANS
20/06/2021 3:55:10 PM
India hosts 1st meet of BRICS Finance Ministers, Central Bank Governors India hosted a meeting of BRICS Finance Ministers and Central Bank Governors virtually on Tuesday The meeting, jointly chaired by Finance Minister Nirmala Sitharaman and Reserve Bank of India Governor Shaktikanta Das, was the first meeting of the BRICS Finance Ministers and Central Bank Governors under India's chairship in 2021. As BRICS chair, India's approach is focused on strengthening intra-BRICS cooperation based on continuity, consolidation, and consensus. At the meetin...
India hosts 1st meet of BRICS Finance Ministers, Central Bank Governors
India hosts 1st meet of BRICS Finance Ministers, Central Bank Governors
Source: IANS
7/04/2021 9:15:02 AM
India proposes non-tariff measures among BRICS nations The BRICS Contact Group on Economic and Trade Issues (CGETI) held its first meeting under India's Chairship from March 9-11, wherein India outlined the priority areas to be delivered on which also included non-tariff measures and resolution mechanism among the countries of the group. The theme of BRICS this year is "BRICS@15: Intra BRICS Cooperation for Continuity, Consolidation, and Consensus". During the meeting India presented the calendar of events for BRICS CGETI 2021, w...
India proposes non-tariff measures among BRICS nations
India proposes non-tariff measures among BRICS nations
Source: IANS
12/03/2021 2:20:23 PM
4QCY20: India vis-à-vis other emerging markets - Motilal Oswal 4QCY20: India vis-à-vis other emerging markets (EMs) * COVID-19 changed global macroeconomic outlook substantially in CY20. The same is expected to be restored in CY21. China and Taiwan were the two least affected countries last year, while India, Russia, and South Africa were worst affected. To counter the effects of the pandemic, almost all countries widened their fiscal deficit and central banks flushed massive liquidity into the economy. It led to the best-possible cocktail for...
4QCY20: India vis-à-vis other emerging markets - Motilal Oswal
4QCY20: India vis-à-vis other emerging markets - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
12/02/2021 1:01:03 PM
India to work with BRICS for Fourth Industrial Revolution: Narendra Modi Indian Prime Minister Narendra Modi on Thursday said that India will work with other member states of the BRICS economic bloc to prepare for the Fourth Industrial Revolution while reiterating India's commitment to multilateralism, international trade and rule-based world order. Addressing the plenary session of the 10th BRICS (Brazil, Russia, India, China, South Africa) Summit here, Modi said that everybody knows the importance of working together to fight the challenges thrown up by cyb...
India to work with BRICS for Fourth Industrial Revolution: Narendra Modi
India to work with BRICS for Fourth Industrial Revolution: Narendra Modi
Source: IANS
27/07/2018 9:06:23 AM