Page 2 - European Markets

India's use of crude tankers to export diesel to European Mkts slows in May

While more April shipments from India to Europe provided a floor for Asian margins, fewer such voyages in May will likely compel Indian refiners to shift diesel sales back to Asia

France gets $16 bn in foreign investments as part of 'Choose France' event

That amount represents an increase from last year's summit, which brought in 13 bn euros

Case for ECB rate cut getting stronger, says chief economist Lane

The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target

Case for ECB rate cut getting stronger, says chief economist Lane

The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target

LTTS signs €45 mn deal to train European auto supplier Forvia's engineers

5-year partnership also involves Indian company providing engineering services to Forvia

EU leaders to hear shake-up needed to match global rivals in new green tech

The EU faces new challenges from massive US subsidies drawing in investment and China's domination of new tech supply chains, on which it is dependent

Europe maintains steady investor demand amid US-driven ESG backlash

European investors have seven times as much capital in sustainable fund assets than US investors, following five consecutive quarters of US outflows, based on Morningstar data

Our EV firms do not rely on subsidies to gain competitive advantage: China

Commerce Minister Wang Wentao made the remarks at a roundtable meeting of Chinese firms in Paris, where he is set to discuss China's exports of EVs into the European market among other things

India signs trade deal with 4 Euro nations: Swiss chocolates, watches to get cheaper

After more than 20 rounds of talks held over 16 years, India and members of the European Free Trade Association, finally sealed a trade deal on March 10, 2024.

Influx of AI startups pumps up battle for technical talent in Europe

Founded in 2010 and acquired by Google in 2014, London-based DeepMind made its name applying AI to everything from board games to structural biology

Bitgert's Potential European Exchange Listing Sparks Investor Excitement

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Greece entry point for Indian firms to tap European market: PM Mitsotakis

Greece and India have a "lot of complementarities" in shipping, pharma and other sectors, Greek Prime Minister Kyriakos Mitsotakis said on Thursday as he emphasised that his country is the natural entry point for Indian companies to tap the European market. Addressing the 'India-Greece Business Forum', organised by FICCI and Enterprise Greece here, he said Greece and India have a "lot of complementarities" in shipping, pharma, such as defence, drones, agriculture, information and communication technology, tourism. He said "we expect to make concrete announcements very soon regarding the signing of the mobility migration agreement, enabling more Indian labour to come to Greece in an organised manner". On a sector-to-sector approach, the prime minister said, "You will realise that there's a lot of complementarities between sectors where Greece has a comparative advantage and where India is also quite strong." "I can see interesting natural synergies emerging in the technology space,"

Cipla eyes acquisitions, inorganic partnerships in US, European markets

Drug major Cipla is eyeing acquisitions and inorganic partnerships in the US market while consolidating its presence across segments in the domestic market. The Mumbai-based company is also looking to improve the top line in Europe and margin expansion in South Africa. "Product launches through delisting strategy and as well as inorganic partnerships and acquisitions will remain one of our key priorities for the US market," Cipla Global Chief Financial Officer Ashish Adukia said in an analyst call. The drug maker would also focus on commercial execution of existing portfolios and resolution of USFDA observations, he added. In the South African market, Cipla would build on its performance aided by growth in private and select tender business with greater emphasis on margin expansion, Adukia stated. "In emerging markets and Europe, top priority is to improve top line while margins are maintained at sustainable levels," he said. As per the yearly trend, the fourth quarter will have

Barclays raises target on Europe's STOXX 600 to 510 from 485: Report

The new target represents a roughly 7 per cent upside from current levels

Global stocks set to snap 9-week winning streak on interest rate rethink

Europe's Stoxx 600 index sank 0.9% and government bond yields in the euro zone and United States rose sharply as prices of the interest rate-sensitive debt securities fell

Uttar Pradesh government taps Russia, Gulf markets for farm exports

Earlier, a shipment of mangoes was sent to Russia, which fetched the local farmers almost 10 times higher prices than local rates

Jacques Delors, former European Union's Commission president, dies at 98

Delors served an unprecedented three terms as the President of the European Commission, from January 1985 untill the end of 1994

Esma should follow principle of mutual trust, cooperation: T Rabi Sankar

RBI dy governor says not comfortable extraterritorial jurisdiction regulations

ESMA in 'active' talks with RBI to resolve Clearing Corporation impasse

After the global financial crisis of 2008, the European Union in 2012 had adopted new market infrastructure regulations in order to strengthen and safeguard systems

Pharma exports may return to double digit-growth rate: Pharmexcil

Bhaskar said while exports to North America were up 8.85 per cent during April-October, those to the US increased 9.58 per cent