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German development finance institution DEG and Citi on Thursday announced providing a USD 76-million co-financing package to Shriram Finance Ltd, aimed at accelerating economic inclusion, rural development, and climate-aligned mobility pan-India. Under this, while DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH) has provided a 40 million euro loan (around USD 46 million) and Citi has extended a Rs 260 crore loan to the NBFC, a statement said. This collaborative and innovative financing is designed to strengthen the company's outreach to priority segments that remain underserved in India's credit ecosystem, it said, adding Citi acted as a lead arranger and coordinator for this financing. This is the second such collaboration between the two co-financing partners following the successful transaction supporting CreditAccess Grameen in 2024, underscoring the institutions' shared commitment to advancing inclusive and climate-positive financing in India, the statement said.
Britain, France and Germany said they are ready to work with the US and partners to help stop Iran's retaliatory attacks. British Prime Minister Keir Starmer, French President Emmanuel Macron and German Chancellor Friedrich Merz said in a joint statement Sunday that they are "appalled" by Iran's "reckless" strikes on their allies, which are threatening their service members and citizens in the region. "We will take steps to defend our interests and those of our allies in the region, potentially through enabling necessary and proportionate defensive action to destroy Iran's capability to fire missiles and drones at their source. We have agreed to work together with the US and allies in the region on this matter," the statement said. It did not provide further details.
Germany-based agribusiness firm EW Group plans to invest Rs 200 crore in India's poultry sector over the next three years through its newly incorporated subsidiary Lohmann Layers India, a company executive said on Thursday. EW Group, a global leader in animal genetics, established the Indian arm through its subsidiary International Layer Distribution (ILD) by acquiring JK Breeders Pvt Ltd for an undisclosed sum, the company said. "India is one of the world's most important and fastest-growing poultry markets. The establishment of Lohmann Layers India reinforces our long-term commitment to Indian farmers," Antonio Paraguassu, managing director for Asia and Australia at ILD, said in a statement. The company has been operating in India through a franchise model with JK Breeders for over 15 years and will now work directly in the market, said Surendra K Jangir, managing director of Lohmann Layers India. "We plan to invest Rs 200 crore in the next three years." Lohmann Layers India will
India has been designated as the Country of the Year at BIOFACH 2026, the world's leading trade fair for organic products, scheduled to be held from February 10 to 13, 2026, at Nuremberg, Germany.The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, Government of India, is organising India's participation at BIOFACH 2026 with a prominent and high-impact presence.According to the Ministry of Commerce & Industry, India's participation will highlight the country's rich agricultural heritage and its strength as a major global supplier of organic products.BIOFACH Germany is the world's largest and most influential exhibition dedicated exclusively to organic food and agriculture. APEDA has been participating in BIOFACH for more than a decade and has consistently maintained a strong presence at the event.India's participation at BIOFACH 2026 marks a significant scale-up compared to previous editions, reflecting ..
Tensions over US President Donald Trump's plans to take control of Greenland have driven a wedge in the once iron-clad link between MAGA and Europe's far-right. The rift seems to signal that ideological alignment alone may not be enough to temper worries among European nationalists over Trump's interventionism abroad. Far-right leaders in Germany, Italy and France have strongly criticised Trump's Greenland plans. Even Nigel Farage, a longtime ally of Trump and head of the Reform UK nationalist party, called Trump's Greenland moves "a very hostile act." During a debate Tuesday in the European Parliament, far-right lawmakers typically aligned with Trump overwhelmingly supported halting a EU-US trade pact over their uneasiness with his threats, calling them "coercion" and "threats to sovereignty." MAGA's trans-Atlantic partners -------------------------------------- Such a divergence between Trump and his European acolytes came as some surprise. Far-right parties surged to power in
