News for 'BRICS'

Who Gains From Prigozhin's Death?

Who Gains From Prigozhin's Death?

Rediff.com25 Aug 2023

There is a congruence of interests between Ukrainian intelligence and its Western mentors to destroy Wagner and eliminate it from the geopolitical chessboard altogether, argues Ambassador M K Bhadrakumar.

Is Biden Using Trudeau To Get Back At Modi?

Is Biden Using Trudeau To Get Back At Modi?

Rediff.com25 Sep 2023

Once the Canadian investigation runs its course, Ottawa may put on the public domain further accusations passing for "evidence" -- and that could happen at some point closer to our general election. All in all, the big question is, what is it that the US is really up to, asks Ambassador M K Bhadrakumar.

BRIC agri ministers to talk on food security

BRIC agri ministers to talk on food security

Rediff.com25 Mar 2010

India would be represented by agriculture minister Sharad Pawar, who arrived in Moscow on Wednesday night on a three-day visit.

Rupee is BRIC's second fastest growing currency

Rupee is BRIC's second fastest growing currency

Rediff.com23 Dec 2007

While all the four countries have seen a sharp rise in their currencies against the US dollar, the pace of rupee appreciation is only next to the Brazilian real since the beginning of this year.

COLUMN: Why China needs BRICS for the time being

COLUMN: Why China needs BRICS for the time being

Rediff.com29 Mar 2012

The BRICS states need to pin down China on long-term norm-based values, ideas and concrete proposals and programmes for the mutual benefit of the constituent member states.

India one of the most open economies today: PM to BRICS Business Council

India one of the most open economies today: PM to BRICS Business Council

Rediff.com16 Oct 2016

Modi said there were a slew of 'matching priorities' between the business council and that of his administration, including dismantling trade barriers, promoting skills development, establishing manufacturing supply chains and infrastructure development.

Modi Or Manmohan? Who Travelled More?

Modi Or Manmohan? Who Travelled More?

Rediff.com27 Feb 2024

While Narendra Modi spent fewer days abroad than his predecessor -- 275 days versus Dr Singh's 306 - he has travelled more widely than any other Indian PM.

LIC fast losing market share: Brics Securities

LIC fast losing market share: Brics Securities

Rediff.com15 May 2007

Even though the Life Insurance Corporation of India increased its market share to 74 per cent in terms of total new business premium policies in March 2007, compared with 72 per cent in March 2006, it has lost market share.

Is China New Leader Of Global South?

Is China New Leader Of Global South?

Rediff.com5 Sep 2023

Today, with China centrally seated and located, the Global South has an intriguing road ahead. Odds of it becoming a Chinese bloc in the emerging new bipolar world are higher than we'd wish them to be, observes Shekhar Gupta.

Held in-depth, positive and constructive discussion on LAC: China

Held in-depth, positive and constructive discussion on LAC: China

Rediff.com16 Aug 2023

China on Wednesday said the latest round of the border talks with India was held in a "candid and pragmatic atmosphere" and the two sides had a "positive, constructive and in-depth discussion" on the resolution of the remaining issues along the Line of Actual Control in the Western Sector.

India pushes China for early disengagement in Demchok, Despsang Plains

India pushes China for early disengagement in Demchok, Despsang Plains

Rediff.com14 Aug 2023

India on Monday pressed for early disengagement of troops in remaining friction points in eastern Ladakh during a fresh round of high-level military talks with China, people familiar with the matter said.

BRIC view on how to solve the Eurozone crisis

BRIC view on how to solve the Eurozone crisis

Rediff.com3 Nov 2011

Shortly before the commencement of the Sixth G20 Summit in Cannes, France, leaders of the emerging, but powerful, economies -- Brazil, Russia, India and China -- met with the intention of designing a joint strategy on how to tackle the Eurozone debt tsunami that could overrun the developing nations causing havoc.

Setting up BRICS Bank won't be easy: ADB chief

Setting up BRICS Bank won't be easy: ADB chief

Rediff.com2 May 2013

The grouping of Brazil, Russia, India, China and South Africa had in March decided to establish a new development bank -- BRICS Bank -- to finance infrastructure projects and to create a $100 billion contingency fund to tackle any financial crisis in emerging economies.

PM leaves for home after attending BRICS Summit in Durban

PM leaves for home after attending BRICS Summit in Durban

Rediff.com28 Mar 2013

Prime Minister Manmohan Singh on Thursday left Durban for home, ending a four-day visit during which he attended BRICS (Brazil, Russia, India, China and South Africa) Summit that decided to establish a development bank to finance infrastructure projects in emerging economies.

Bilateral engagement can restore peace at India-China border: Modi

Bilateral engagement can restore peace at India-China border: Modi

Rediff.com10 Apr 2024

In an interview with Newsweek magazine of the US, Modi said for India, the relationship with China is significant.

G20 Summit: Time For India To Raise Stature

G20 Summit: Time For India To Raise Stature

Rediff.com7 Sep 2023

'The group commands 85 per cent of the global GDP, and if you are able to convey your point of view effectively to this group then you have reached more or less all the important players that matter.'

Trade with BRICS nations surges to $60 bn: China

Trade with BRICS nations surges to $60 bn: China

Rediff.com15 Apr 2011

The first-quarter foreign trade growth between China and the other four nations of BRICS (Brazil, Russia, India, China and South Africa), was 16.3 percentage points higher than China's average foreign trade growth during the period, China's General Administration of Customs said.

India 2nd largest filer of trademark applications among BRICS

India 2nd largest filer of trademark applications among BRICS

Rediff.com20 Mar 2015

India was the second largest filer of international trademark applications among the BRICS nations in 2014.

BRIC nations raise $131 bn via debt issues

BRIC nations raise $131 bn via debt issues

Rediff.com21 Dec 2007

Emerging nations --Brazil, Russia, India and China -- have raised $131.1 billion from the debt markets in the year so far, while India's share stands at just over one-sixth of the kitty. BRIC countries raised the funds through debt markets in a total of 606 deals in 2007 so far, against $120 billion mopped via 736 deals in the year-ago period, according to data complied by global consulting firm Dealogic.

K V Kamath relinquishes ICICI Bank post; to take charge of BRICS bank

K V Kamath relinquishes ICICI Bank post; to take charge of BRICS bank

Rediff.com2 Jul 2015

Kamath also served on the board of Infosys.

India seen as most business friendly Brics country

India seen as most business friendly Brics country

Rediff.com21 Jun 2007

Western business is not fully prepared for the imminent impact of emerging markets but India is perceived as the most comfortable "Brics" economy in which to do business, a new study found.

India-China Tensions Move To Global Arena

India-China Tensions Move To Global Arena

Rediff.com23 Aug 2023

'The future of BRICS is under stress as Chinese attempts to expand the platform are being resisted by India and Brazil.' 'Beijing is focused on a quick expansion with the aim of giving the platform a distinctly anti-Western orientation, which New Delhi and Brasilia seem to have no interest in,' notes Harsh V Pant.

BRICS bank: A giant step towards reforming the world system

BRICS bank: A giant step towards reforming the world system

Rediff.com18 Jul 2014

The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.

Can India Become A Great Power Under Modi?

Can India Become A Great Power Under Modi?

Rediff.com13 Sep 2023

If it continues to do well economically, develops a large manufacturing sector, gains in technological heft, builds a more capable defence industry, improves its human development indicators, becomes more of a trading nation, and has greater internal cohesion. In short, it is a work in progress, suggests T N Ninan.

PM arrives in Russia to attend SCO, BRIC meet

PM arrives in Russia to attend SCO, BRIC meet

Rediff.com16 Jun 2009

Declaring India's readiness to contribute to global efforts to overcome the economic crisis, Prime Minister Manmohan Singh arrived in Yekaterinburg on Monday night to attend the Summits of Shanghai Cooperation Organisation and Brazil-Russia-India-China.

BRIC stock markets saw biggest falls in '08: WB

BRIC stock markets saw biggest falls in '08: WB

Rediff.com23 Jun 2009

The impact of the sell-off on local equity markets was widespread among developing countries, but some were hurt more than others. Russia emerged as the worst performer among the four BRIC nations and saw the highest 72.5 per cent decline in local currency terms during last year.

Repatriation of black money a priority for us: Modi to BRICS leaders

Repatriation of black money a priority for us: Modi to BRICS leaders

Rediff.com15 Nov 2014

Prime Minister Narendra Modi on Saturday unequivocally said that repatriation of black money kept abroad is a "priority" for his government, as he sought close global coordination to achieve this objective.

'Xi didn't want to avoid Modi at G20'

'Xi didn't want to avoid Modi at G20'

Rediff.com27 Sep 2023

'We will likely never know why Xi decided not to travel to New Delhi. One possible explanation could be his desire to avoid a meeting with US President Joe Biden.'

BRIC set to beat rich nations in energy use

BRIC set to beat rich nations in energy use

Rediff.com8 Mar 2008

Brazil, Russia, India and China, also known as the BRIC group of countries, are expected to overtake the rich countries in primary energy consumption by 2030 and worsen their environmental calamities, Paris-based Organisation for Economic Cooperation and Development has warned. The OECD estimates suggest that 63 per cent population in the BRIC countries is living under medium to severe water stress and this share is expected to increase to 80 per cent by 2030.

India may be the first fallen angel in BRIC: S&P

India may be the first fallen angel in BRIC: S&P

Rediff.com12 Jun 2012

Rating agency says the country may lose its investment-grade status on growth concerns; finance ministry begs to differ

Indian software market logs highest growth among BRICS

Indian software market logs highest growth among BRICS

Rediff.com22 May 2015

The revenue of Indian software market was at $4 billion in 2014.

Russians Devise Ways To Outwit US, Help India

Russians Devise Ways To Outwit US, Help India

Rediff.com1 Mar 2024

Russian oil supplies to India will continue to flow unhindered and suppliers will come up with ways to sidestep secondary sanctions, a Russian official told Business Standard.

India Rekindles Love Affair With Russia

India Rekindles Love Affair With Russia

Rediff.com6 Jan 2024

EAM Jaishankar's mission is aimed at strengthening India's strategic autonomy in a complex international environment, observes Ambassador M K Bhadrakumar.

Chandrayaan-3: Cong accuses PM of 'hogging limelight'

Chandrayaan-3: Cong accuses PM of 'hogging limelight'

Rediff.com24 Aug 2023

'ISRO Chairman Dr. Somanath's leadership truly created history and we extend our hearty congratulations to him and his team,' Venugopal said on X, formerly Twitter.

India Inc bosses' pay no match for BRIC peers

India Inc bosses' pay no match for BRIC peers

Rediff.com26 Jul 2007

After factors such as tax and cost of living are taken into consideration, corporate India's top brass can boast of an average disposable income of just $92,750 compared to other fast growing economies like Brazil, Russia and China.

Jaishankar discusses Red Sea crisis with Iranian counterpart

Jaishankar discusses Red Sea crisis with Iranian counterpart

Rediff.com15 Jan 2024

External Affairs Minister S Jaishankar on Monday held wide ranging discussions with Iranian counterpart Hossein Amirabdollahian in Tehran and their discussion focused on the long term framework for India's involvement with the strategically vital Chabahar port and the North-South connectivity project.

Modi lauds ISRO scientists, says next stop Sun, Venus

Modi lauds ISRO scientists, says next stop Sun, Venus

Rediff.com23 Aug 2023

India is now on the Moon and the success of the lunar mission has sounded the bugle for the emergence of a developed nation, Prime Minister Narendra Modi said on Wednesday as Chandrayaan-3 landed successfully on the lunar surface.

India, China hold Maj Gen-level talks at 2 locations ahead of Modi, Xi meet

India, China hold Maj Gen-level talks at 2 locations ahead of Modi, Xi meet

Rediff.com19 Aug 2023

The talks are following up the outcome of the 19th round of Corps Commander-level talks held between the two sides on August 13-14 at the Chushul Moldo border meeting point.

Why Mumbai lost out to Shanghai as HQ of BRICS bank

Why Mumbai lost out to Shanghai as HQ of BRICS bank

Rediff.com17 Jul 2014

Modi knew in his heart that India does not have the financial muscle to support the new bank with offers of co-financing international projects, something China can do from the bank's base in Shanghai. If established in Mumbai, it may have employed a few Indian bankers and satisfied the national ego but there was little financial value to be drawn from it.

BRICs to account for 40% of world growth by '20

BRICs to account for 40% of world growth by '20

Rediff.com23 Dec 2008

In the latest research note titled 'For Richer, For Poorer Global Patterns of Wealth', Ernst & Young said emerging economies have seen their share of global output and wealth rise significantly over the last few years, driven by faster growth, rising income, high savings ratios, strong investment and export. In the next decade, the BRIC countries are likely to contribute 40 per cent of global growth, while the US would account for around 14 per cent.