Billionaire Mukesh Ambani's Reliance Industries has invested euro 25 million in German solar wafer maker NexWafe GmbH to use the firm's technology to set up giga-scale wafer manufacturing facilities in India. "NexWafe GmbH (NexWafe) today announced the induction of Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (Reliance) as a strategic lead investor in its euro 39 million ($45 million) Series C financing round with an investment of euro 25 million ($29 million) in phase one," the Indian firm said in a late Tuesday evening statement. The investment by Reliance will accelerate product and technology development for NexWafe, including the completion of the commercial development of NexWafe's solar photovoltaic products on prototype lines in Freiburg.
The first five months of 2023 have witnessed at least six major events/trends that augur badly for global economic and socio-political prospects, points out Shankar Acharya, former chief economic adviser to the Government of India.
The external affairs minister reiterated India's position on Afghanistan and highlighted its humanitarian support to the war-torn country, including the supply of wheat, medicines, vaccines and clothing.
External Affairs Minister S Jaishankar met United States Secretary of State Antony Blinken in Phnom Penh on Sunday and discussed bilateral ties, the raging Ukraine conflict, energy issues, G20 and the situation in the Indo-Pacific, days ahead of a possible meeting between Prime Minister Narendra Modi and President Joe Biden.
Former Australia captain Mark Taylor resigned from Cricket Australia's (CA) board of directors on Monday, as the fallout from a scathing review into the governing body's culture claimed another victim.
The dreary, cold months from December to February may prove to be the undoing of many a nation as they grapple with sky-high fuel prices - a result of the Ukraine conflict and the pandemic. Many - Europe, South Korea, Japan, and China - will still pull through on the strength of their wealth or because of strong storage infrastructure. But India will have its back to the wall. Signs of liquefied natural gas (LNG) rates hitting new records this winter are already evident.
"We work with other countries to develop their capabilities and support their efforts to make free sovereign choices. More broadly, we aim to advance peace and stability in the region," he asserted.
Human Development -- a measure of a nation's health, education, and average income -- has declined for two years in a row.
Former New Jersey Governor Chris Christie and a Republican presidential aspirant have called his fellow rival Indian-American Vivek Ramaswamy a guy who sounds like ChatGPT and described him as an "amateur" Barack Obama.
A looming global shortage of diesel in Europe presents India with more than one opportunity to profit from strong margins. A shortage of the fuel, a key contributor to inflation, has been exacerbated by the conflict in Ukraine, and western sanctions on Russian fuel supplies. The slowdown in natural gas supply means the West needs diesel to heat their homes this winter.
The phone conversation between Jaishankar and Blinken came days after Russian Foreign Minister Sergey Lavrov paid a two-day visit to India.
Among major Sensex movers, Reliance Industries soared by 3.29 per cent as energy prices rose due to the war in Ukraine. Tata Steel emerged as the lead gainer among Sensex scrips, jumping by 6.61 per cent. Power Grid, Titan, NTPC, ICICI Bank, L&T, Infosys and Sun Pharma were among the gainers.
'Modi wants to be pragmatic -- acknowledge the problem of Pakistan and that full reconciliation is essentially a non-starter, but at the same time grab the low-hanging fruits (such as trade) to put things on a more even keel, to engender enough stability in the relationship to allow him to focus on other priorities.'
India has maintained communication with both Russia and Ukraine. It is time Narendra Modi steps up on the world stage and plays the role of peacemaker, suggests military historian Colonel Anil A Athale (retd).
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
The game plan is to pressure India and China to come back and commit to further emissions cuts by next year's UN meeting. Neither China nor India has 2030 targets anywhere near in line with a 1.5 degree centigrade pathway, and so will be on the target list of nations under pressure to return next year with more ambition, predicts Ambassador M K Bhadrakumar.
The article claimed that the "ICMR tailored its findings to fit Prime Minister Narendra Modi's optimistic narrative despite a looming crisis".
On a cloudy Monday this month, Mohammed Irshad flew from Kochi to Gurugram to attend an exclusive investor networking event. Among a handful of founders selected for the event, Irshad was to pitch his peer-to-peer learning start-up Notespaedia for funding in front of top venture capital investors such as AngelBay, Elevation Capital, and Inflection Point Ventures. He failed to woo them, but the feisty entrepreneur was determined to continue his hunt.
The Congress party may have its eyes firmly set on the Bharat Jodo Yatra, but it kept its fingers crossed as it waited for Thursday's counting of votes for the assembly elections in Gujarat and Himachal Pradesh.
After his wide-ranging talks with Modi on the second and final day of his India visit, Johnson said the new defence and security partnership will enable India to strengthen its domestic defence industry as well as help the two countries protect vital shared interests in the Indo-Pacific.
What some of our leaders were up to on Monday and Tuesday.
It is the first visit to India by a senior minister of a member nation of the Organisation of Islamic Cooperation after the controversial remarks triggered anguish in the Arab world.
US Deputy National Security Adviser Daleep Singh also referred to the 'no limits' partnership between Moscow and Beijing and said no one believes that Russia would come running to India's defence if China breaches the Line of Actual Control.
The high-level talks took place in the backdrop of indications that India could buy greater volumes of discounted Russian oil and both sides were keen on having a rouble-rupee arrangement for bilateral trade.
Seven major state power distribution utilities, identified by the central government for financial restructuring, have failed to increase their tariff considerably to improve their financials.
The Reserve Bank of India (RBI) on Wednesday announced to increase the policy repo rate by 50 basis points to 4.9 per cent, the second hike in five weeks aimed at quelling the inflation. The MPC vote was unanimous and has decided to keep stance withdrawal from accommodative, RBI Governor Shaktikanta Das said in a press conference on Wednesday. The decision was taken during a three-day meeting of the RBI's Monetary Policy Committee (MPC) to review the interest rates in the country. The MPC voted unanimously to increase the policy repo rate by 50 bps to 4.90 per cent," Das said.
During the virtual meet, Biden and Modi will discuss cooperation on a range of issues, including ending the COVID-19 pandemic, countering the climate crisis, strengthening the global economy, and upholding a free, open, rules-based international order to bolster security, democracy, and prosperity in the Indo-Pacific, White House Press Secretary Jen Psaki said.
Newly-elected Conservative Party leader and prime minister in waiting Liz Truss is among the senior British politicians known for championing deeper India-UK strategic and economic ties, describing them as a "sweet spot" of global trade dynamics.
India has not yet condemned the Russian invasion of Ukraine and it has been maintaining that the crisis must be resolved through diplomacy and dialogue.
The virtual meeting between the two leaders came in the midst of some disquiet in Washington over India's position on the Ukraine crisis as well as its decision to procure discounted Russian oil.
'We are planning load shedding in such a way that the entire state will not suffer.'
Fauci, 81, has been the National Institute of Allergy and Infectious Diseases director since 1984, and the chief medical adviser to the US President Joe Biden.
The agreement on pricing last month marks a significant step towards promoting energy security in the region, say Nisha Taneja & Samridhi Bimal.
Making water available is always a serious challenge in the summer for all public authorities. This year, the challenge is higher when hand-washing at every opportunity has become a necessity. So keeping potable water lines running without a glitch has become most necessary.
Ahmedabad-based firm's 'intelligent energy monitoring unit' enables firms to keep a tab on power consumption.
Efforts to normalise trading relations expected during the first such meet on Saturday
With power crisis scaling insurmountable heights, governments across the world have been racking their brains for quite some time to come up with an alternative source of energy.
Water shortage is likely to lead to political tensions and instability in the future, warns Simon George, President, Cargill India.
RRR threw a lifeline, or so it seemed -- to a world that was down in the dumps. Keeravani and his Naatu Naatu just happened to be in the right place at the right time, notes Saibal Chatterjee.
The solution to globalisation is decentralisation and the solution to multilateralism is reformed multilateralism, not a 1945-version of multilateralism, External Affairs Minister S Jaishankar has said.
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