Explore Business Standard
Germany is targeting 10 lakh overnight stays by Indian tourists in the country in 2026, after narrowly missing the goal this year, according to a German National Tourist Office India official. German National Tourist Office (GNTO) India, the official representative office of the German National Tourist Board, expects to close 2025 with 9.6 lakh overnights into Germany by Indian tourists, GNTO Director of Marketing & Sales Office - India, Romit Theophilus, told PTI. "We want a growth of 10 per cent year on year. That's our growth projection till 2030 at least. Our goal is now to first reach the 1 million (overnights) and then double that to 2 million," he said when asked how Germany is looking at Indian tourist arrivals in the country going forward. GNTO India was hoping to cross the 10 lakh milestone in 2025, but it did not happen due to a variety of factors, including visa issues and tourists choosing to travel to other countries. Asked if the target could be achieved in 2026, ...
Union Minister Jyotiraditya Scindia on Saturday expressed confidence that India will surpass Germany to become the world's third-largest economy by the end of 2027, lauding the polices and institutional reforms ushered in by the Centre under Prime Minister Narendra Modi. Scindia was addressing the YEF Bharat Summit 2025' organised by the Young Entrepreneurs Forum Bharat here. He said, India was once known as the golden bird. About 2,000 years ago, India's share in the world's gross domestic product (GDP) was 20 per cent. Under the leadership of Prime Minister Narendra Modi, India will move forward with this vision and emerge as a star on the global stage. India's economy has leapt from the 10th position 12 years ago to fourth, leaving behind Japan, he said. By the end of 2027, we will surpass Germany to become the world's third-largest economy, asserted the minister. In the race for economic development, India has already surpassed the country that tried to rule it for 200 years, h
Congress leader Rahul Gandhi's upcoming Berlin visit has kicked off a fresh political storm, with the BJP slamming him for going abroad even as the Lok Sabha continues its crucial winter session.Calling him "Videsh Nayak", BJP leader Shehzad Poonawalla mocked the Congress leader for choosing a foreign tour over his duties as Leader of Opposition.Gandhi is scheduled to attend a major Indian Overseas Congress event in Berlin on December 17, where he will meet IOC leaders from across Europe.In a post shared on X, Shehzad Poonawalla said, "Once again Videsh Nayak is doing what he does best ! Going for a foreign tour ! Parliament is on till 19th Dec but Reports suggest Rahul Gandhi to visit Germany from Dec 15-20! Rahul is LoP - leader of paryatan During Bihar elections too he was abroad & then in Jungle Safari," adding that Rahul Gandhi had similarly been away during the Bihar elections."During Bihar elections too he was abroad & then in Jungle Safari," Poonawalla's X post ...
Reliance Retail on Monday announced to bring 'essence', Europe's leading cosmetics brand by units sold, to the Indian market, a move which will help the growing beauty business of country's leading retailer. It has entered into an exclusive distribution partnership with cosnova Beauty, the Germany-based global cosmetics company, said a statement from Reliance Retail. "The collaboration strengthens RRL's growing beauty portfolio and will introduce essence's vibrant range of high-quality, affordable, and cruelty-free makeup products to consumers across India," it said. It will available on the Reliance Retail's integrated omnichannel ecosystem, making the essence range of products accessible across online platforms, beauty stores, and partner retail formats. "As the official distributor, RRL will expand the brand's reach across premier beauty destinations throughout India," it said. Founded in Germany in 2002, essence is sold in around 90 countries. Its over 80 per cent products are
India and Germany on Thursday discussed ways to enhance cooperation in areas including trade, investment, technology, green energy, and skilling. These issues were discussed during a meeting between Commerce and Industry Minister Piyush Goyal and German Federal Minister of Economy and Energy Katherina Reich in Berlin. "The discussions focussed on enhancing cooperation in trade, investment, technology, green energy, and skilling," the commerce ministry said. Goyal also met Levin Holle, Economic and Financial Policy Advisor at the Federal Chancellery and Germany's G7 and G20 Sherpa, and discussed ways to further deepen the bilateral economic relationship. He chaired a roundtable with CEOs and leaders of German Mittelstand companies at the Indian Embassy, who conveyed their keenness to do business in India and expand existing investments. The minister highlighted opportunities offered by India and the measures taken by India to facilitate investments and ease of doing business. The
A delegation from Jindal Steel International is expected to visit Germany soon to evaluate various financial and operational aspects of thyssenkrupp Steel's assets, in which the Naveen Jindal-led group entity has expressed interest. In September, Jindal Steel International submitted a non-binding offer to thyssenkrupp AG and initiated discussions for the potential acquisition of its steel division. According to industry sources, the company is now preparing to send representatives to Germany to conduct an in-depth assessment of the thyssenkrupp Steel facilities. The evaluation will include a technical review of plant machinery and a broader analysis of the business operations. Sources added that discussions may also be held with workers at the site, as thyssenkrupp Steel is believed to carry a pension liability of approximately 2.7 billion euros. The steel facility in question, located in Duisburgabout 550 km from Berlinhas an annual production capacity of around 11 million tonnes
Iran on Saturday recalled its ambassadors to France, Germany and the United Kingdom ahead of United Nations sanctions over its nuclear programme being reimplemented. The three nations had pushed forward what diplomats refer to as snapback sanctions on Iran over it not cooperating with the International Atomic Energy Agency and not holding direct talks with the United States. Iran's state-run IRNA news agency reported the move, saying the ambassadors would be recalled for consultations. The sanctions are due to resume at 0000 GMT Sunday (8 pm Eastern Saturday). The measure will again freeze Iranian assets abroad, halt arms deals with Tehran, and penalise any development of Iran's ballistic missile programme, among other measures.