Page 79 - India

Manufacturing sentiments in India remain positive for first quarter: Ficci

Manufacturing sentiments in India remained positive during June quarter FY24 notwithstanding global headwinds, according to a Ficci survey released on Monday. The latest quarterly survey on manufacturing outlook by the industry body observed that after a revival in the Indian economy in FY22, momentum of growth has continued in the subsequent quarters as well. The survey assessed the sentiments of manufacturers for April-June (2023-24) for nine major sectors namely automotive & auto components, capital goods & construction equipment, cement, chemicals fertilizers and pharmaceuticals, electronics & white goods, machine tools, metal & metal products, textiles, apparels & technical textiles, toys & handicraft. Responses have been drawn from over 400 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 7.70 lakh crore. In March quarter FY23, 55 per cent of the respondents reported higher production levels. Further, over 57

Zee Entertainment forms interim committee to run operations; shares up 6.3%

SAT directed SEBI to pass a final order by the middle of next month and asked Chandra and Goenka to defend themselves before the regulator

Air India writes off Rs 7,000 crore but turns Ebitdar positive in FY23

Air India and its former joint venture partner AirAsia Bhd shared the cost of writing off AirAsia India, with Air India accounting for a significant proportion of the write-off

Isro successfully performs second orbit-raising manoeuvre of Chandrayaan-3

The Indian Space Research Organisation has successfully performed the second orbit-raising manoeuvre (Earth-bound apogee firing) of the Chandrayaan-3 spacecraft. "The spacecraft is now in 41603 km X 226 km orbit", the national space agency headquartered here said on Monday. The next firing is planned for Tuesday between 2 pm and 3 pm. it said. The Chandrayaan-3 mission to the Moon was launched on July 14.

Luxury car market poised for record sales in 2023 after stellar H1 numbers

Indian luxury car segment is driving towards an all-time high sales this year with the big three, Mercedes-Benz, BMW and Audi, posting record numbers in the first half of 2023. In the January-June period this year, German luxury carmaker Mercedes-Benz posted its best-ever half-yearly sales in India at 8,528 units, a growth of 13 per cent over 7,573 units in the year-ago period. Similarly, compatriot BMW Group also posted record sales of 5,867 units of luxury cars across its BMW and MINI brands during the period, its best half-yearly sales in India. Another German luxury carmaker, Audi, posted a 97 per cent jump in retail sales in India at 3,474 units in the first half of 2023 as compared to 1,765 units in the January to June period in 2022. "Our estimate is that in the first six months (of the year) about 21,000 cars have been sold in the luxury space and normally H2 (second half) is better than H1. So, our estimate is that the whole luxury cars segment should be close to about ...

When India speaks today, whole world listens: Rajnath Singh on int'l forums

Defence Minister Rajnath Singh said on Sunday earlier India's words were not taken seriously at international forums, but today when it speaks the whole world listens. India's prestige has increased internationally under the leadership of Prime Minister Narendra Modi, he said at an event as part of his three-day visit to his parliamentary constituency Lucknow. "Earlier, India's words were not taken seriously at international forums, today when India speaks, the whole world listens carefully. When our prime minister visits other countries, you must have seen on TV how he is welcomed there," he said after inaugurating an open gym at Mrityunjay Park in Nirala Nagar, according to a press statement issued by the local BJP unit. "The prime minister of Australia calls him (Modi) Boss. The President of America tells Modiji 'you are globally powerful', and expresses desire to take his autograph. Muslim countries are also giving him the highest respect. The Prime Minister of Papua New Guinea

India global bright spot with strong desire to grow more: PM Modi

India is a global bright spot with a strong desire to grow even more, Prime Minister Narendra Modi said on Sunday as he shared on social media a recent Capital Group report which stated that the country is poised for a period of secular growth, fuelled by significant expansion in direct and fixed asset investment. Sharing the report on Twitter, Modi said, "Youngsters and entrepreneurs will find these 9 points interesting." "And yes, India is a global bright spot with a strong desire to grow even more!" he said. The Capital Group, in a recent report, said India is poised to rise among emerging markets in this decade. The country has had political stability over the last 10 years allowing economic development to be a top priority. "While political instability and market volatility may increase in advance of general elections next year, we believe that India is poised for a period of secular growth, fueled by significant expansion in direct and fixed asset investment," the Capital Gr

Developmental goals central at 3rd G20 Sherpa meet under India's presidency

India's G20 presidency intends to preserve the grouping's identity and ethos as a forum for growth that brings together developed and emerging economies on a common platform. This is stated in an official statement released on Sunday at the end of a three-day Sherpas' meeting that was chaired by India's G20 Sherpa Amitabh Kant in the historic city of Hampi. The deliberations at the meeting focused on a draft communique that is set to take the shape of the leaders' joint declaration to be adopted at the G20 Summit on September 9 and 10 in New Delhi. The draft text covers the six priorities including the Sustainable Development Goals (SDGs), green development, reform of multilateral development banks (MDBs), digital public infrastructure and gender equality, and incorporates the outcomes from the various working groups. The G20 members engaged in hard negotiations with the aim to foster transformative, action-oriented initiatives, that is holistic and imbibes the spirit of one world

India's defence relationship with Thailand grown after 2014: Jaishankar

He said that the trade between India and Thailand is close to $ 18 billion annually and it was the highest in the last year. Jaishankar was addressing the Indian diaspora while his visit to Thailand

India, China should find a mutual solution to resolve border issue: Wang Yi

Top Chinese diplomat Wang Yi in his meeting with External Affairs Minister S Jaishankar in Jakarta has said that both countries should find a mutually acceptable solution to the border problem without letting "specific issues" define the overall relationship. India has been locked in a military standoff with China at eastern Ladakh for more than three years, with Jaishankar saying it to be the most complex challenge in his long diplomatic career. Jaishankar has also made it very clear to China that until there is peace and tranquillity in border areas, the relationship between the two countries cannot progress. Wang and Jaishankar met on the sidelines of the ASEAN Regional Forum (ARF) Ministerial Meeting in Jakarta, Indonesia, on Friday. Wang, a former Chinese foreign minister, attended the ASEAN meetings in Jakarta as the incumbent foreign minister Qin Gang is unwell. During the meeting, Wang said that he hopes that the Indian side will meet China halfway and find a solution to th

PM Modi leaves for India after concluding day-long productive visit to UAE

Prime Minister Narendra Modi on Saturday concluded his day-long "productive" visit to the UAE during which he held bilateral talks with President Sheikh Mohamed bin Zayed al Nahyan. "Concluding a productive UAE visit. Our nations are working together on so many issues aimed at making our planet better. I thank HH Sheikh Mohamed bin Zayed Al Nahyan for the warm hospitality, Modi said on Twitter. The two leaders agreed to start trade settlements in local currencies, link the Fast payment systems of India and the UAE and open IIT-Delhi campus in the Gulf country. The Prime Minister departed for India after a banquet hosted in his honour by the UAE President. A visit defined by transformative outcomes. PM @narendramodi emplanes for New Delhi after wrapping up a successful visit to UAE, Ministry of External Affairs Spokesperson Arindam Bagchi tweeted.

Laws on preventive detention are harsh, procedure needs to be adhered: SC

Laws on preventive detention are necessarily harsh, curtail the personal liberty of an individual who is kept behind bars without trial and so the procedure prescribed should be strictly adhered to, the Supreme Court has said while ordering the release of a man whose detention was extended twice without the authorities considering his representation. A bench of Justices Aniruddha Bose and Sudhanshu Dhulia set aside an order of the Jharkhand High Court upholding the detention of Prakash Chandra Yadav alias Mungeri Yadav, who was declared an 'anti-social element' under the Jharkhand Control of Crimes Act, 2002. The bench, in its order dated July 10, held the procedure of law was not followed, and ordered Yadav's release from Rajmahal prison in Jharkhand's Sahibganj district. "All laws on preventive detention are necessarily harsh. They curtail personal liberty of an individual, who is kept behind bars without any trial. In such cases, procedure is all a detenue has. Laws of preventiv

Nations support India's efforts to have strong outcome at G20: Amitabh Kant

Top negotiators of G20 nations complimented New Delhi's efforts to deliver "strong outcomes" at the grouping's upcoming summit to deal with key global challenges such as addressing financing gaps, pushing economic growth and ensuring sustainable development, India's G20 Sherpa Amitabh Kant said on Saturday. He also described the ongoing discussions at the third Sherpas' meeting in this heritage city as a "very huge success" and that the negotiators were supportive of priorities of the Indian presidency of the G20. Talking to the media, Kant said the negotiators deliberated on challenges such as debt vulnerabilities, making multilateral institutions more responsive to the needs of developing countries and ensuring progress on the sustainable development goals. "India has put forward multiple key proposals in front of the G20 countries with a view to shaping the global agenda and response to the crisis and challenges being faced by the world," Kant said. The Indian G20 Sherpa said th

India, UAE agree on trade settlement in local currencies to boost ties

India and the UAE on Saturday agreed to start trade settlement in their currencies and link the Indian Unified Payments Interface with the Gulf country's Instant Payment Platform (IPP) as Prime Minister Narendra Modi held comprehensive talks with UAE President Sheikh Mohamed bin Zayed Al Nahyan here. In his remarks after meeting the UAE President, Modi said India-UAE trade witnessed a 20 per cent increase since the signing of the Comprehensive Economic Partnership Agreement last year. Modi said the agreement signed on Saturday for trade settlement in the currencies of the two countries shows the strong economic cooperation and mutual trust between the two nations. "It is always gladdening to meet HH Sheikh Mohamed bin Zayed Al Nahyan. His energy and vision for development are admirable. We discussed the full range of India-UAE ties including ways to boost cultural and economic ties," Modi said on Twitter after the meeting. The agreement with the UAE on trade settlement in the ...

PM urges French industries to look at investment opportunities in India

Prime Minister Narendra Modi has urged French industry leaders to look at investment opportunities in infrastructure and other segments of the economy and become part of the Indian growth story. Addressing the India-France CEO forum along with French President Emmanuel Macron on Friday, Modi highlighted the ongoing economic reforms and the initiatives taken by his government in renewables, startups, pharma, IT, digital payments and infrastructure to foster business. The Forum consisted of 16 CEOs from the French side and 24 from the Indian side from diverse sectors, including aviation, manufacturing, defence, technology, and energy, among others. "Prime Minister encouraged the CEOs to utilise the investment opportunities in India and be a part of India's growth story", India's Ministry of External Affairs said in a release. Guillaume Faury, Airbus; Henri Poupart Lafarge, Alstom; Peter Herweck, Schneider Electric; Namita Shah, Total Energies; Philippe Errera, Safran; and Paul Hermel

India, France agree to intensify maritime cooperation in Indo-Pacific

India and France have agreed to intensify maritime cooperation in the Indo-Pacific and increase militaries' naval visits as they strive to build a balanced and stable order in the strategically important region, with respect for sovereignty and territorial integrity. Prime Minister Narendra Modi's vision of SAGAR (Security and Growth for All in the Region) and President Emmanuel Macron's vision of security and cooperation outlined in the Indo-Pacific Strategy of France are very much aligned, said the 'India-France Indo-Pacific Roadmap', released after the bilateral talks between the two leaders here on Friday. "We believe that the India-France partnership will be a crucial pillar of the inter-connected and intersecting arrangements in the Indo-Pacific region and indispensable for a peaceful and prosperous future for the Indo-Pacific region," the two leaders said, amidst an assertive China flexing its muscle in the region. France has a sizable presence in the Indo-Pacific region in .

India, France to bolster talks with nations to end plastic pollution

India and France have stepped up their collaboration in combating climate change and in environmental protection, and announced that they will constructively engage other like-minded countries to strengthen the negotiations for an international legally binding instrument to end plastic pollution. After talks between Prime Minister Narendra Modi and French President Emmanuel Macron here on Friday, the two countries made a joint commitment to eliminate single-use plastic products pollution, including a ban on single-use plastic products which have low utility and high littering potential. Addressing a joint press event with Macron, Modi said climate change and environmental protection have been the common and main priority for both India and France. "In this direction, we had already established the International Solar Alliance, which has now become a movement. We now want to work fast on the roadmap for blue economy and ocean governance," the prime minister said. "We will move forwa

PM Modi holds talks with UAE President in Abu Dhabi to boost bilateral ties

Prime Minister Narendra Modi on Saturday held talks with UAE President Sheikh Mohamed bin Zayed Al Nahyan to further deepen the multifaceted bilateral ties. Modi was accorded a ceremonial welcome here at the Qasr-Al-Watan the presidential palace - where he was greeted by the UAE President with a warm embrace. Children were seen waving the Indian tricolour as the Prime Minister inspected the guard of honour. Energy, food security, and defence are expected to be the focus areas of Modi's visit to the UAE during which the two countries will review the progress in bilateral relations after they inked a landmark trade agreement last year. The Comprehensive Economic Partnership Agreement (CEPA), which gave a new thrust to the economic engagement between the two countries, was signed during the Covid-19 pandemic. India and the UAE are engaged across various sectors such as trade, investments, energy, food security, science and technology, education, fintech, defence, security, and robus

PM Modi assures India's full support for UAE's COP-28 presidency: Report

Prime Minister Narendra Modi assured India's full support for UAE's COP-28 presidency as he held productive talks with the UN climate conference's President-designate Sultan Al Jaber here on Saturday. Modi arrived here in the capital of the UAE following his successful two-day visit to Paris where he joined French President Emmanuel Macron for the Bastille Day parade as the Guest of Honour and signed several agreements to strengthen bilateral ties. "PM @narendramod held a productive meeting with Dr. Sultan Al Jaber, President-designate of @COP28_UAE and Group CEO of Abu Dhabi National Oil Company," External Affairs Ministry Spokesperson Arindam Bagchi tweeted. "Dr. Jaber briefed PM on the forthcoming COP-28. PM assured India's full support for UAE's COP-28 presidency. PM also highlighted India's efforts and initiatives to address climate change," he said. The 2023 United Nations Climate Change Conference or Conference of the Parties of the UNFCCC, more commonly referred to as COP28

Kia India receives record 13,424 first-day bookings for new Seltos

Kia India on Saturday said it has received record 13,424 bookings for the updated version of Seltos on the first day of commencing the bookings. Out of these, 1,973 bookings were done using the K-Code which was a special programme to expand the Seltos community by giving existing Seltos owners special access to unlock high-priority delivery for the new potential buyers, the automaker said in a statement. The bookings for the new Kia Seltos commenced on July 14. "We are confident that the new Seltos will reinvent and grow the mid-SUV segment further. Whether its design language, segment-first, and segment-best features, Seltos continues to set newer benchmarks for the industry," Kia India Managing Director and CEO Tae-Jin Park said. Building upon the tremendous success of the K-Code initiative, the automaker is actively exploring the possibility of extending this programme to future launches as well, he added.