Page 85 - India

PM Modi to visit UAE on July 15 on his return journey from France

Prime Minister Narendra Modi will visit Abu Dhabi on July 15 after concluding a two-day visit to Paris. The Ministry of External Affairs (MEA) said Modi will hold talks with Sheikh Mohamed bin Zayed Al Nahyan, the President of the United Arab Emirates (UAE) and ruler of Abu Dhabi. "The India-UAE Comprehensive Strategic Partnership has been steadily strengthening and the prime minister's visit will be an opportunity to identify ways to take this forward in various domains such as energy, education, healthcare, food security, fintech, defence and culture," it said. The prime minister is visiting France on July 13 and 14 at the invitation of French President Emmanuel Macron. Modi will be the guest of honour at the Bastille Day parade on July 14 in Paris where a tri-services Indian armed forces contingent would be participating. The MEA said President Macron will host a state banquet as well as a private dinner in honour of the prime minister. The two leaders will also hold wide-rang

Top headlines: Disney explores option for India biz, veggie prices soar

Business Standard brings you the latest headlines at this hour

Disney exploring strategic options for its India biz including JV, and sale

The company has talked to at least one bank about ways to help the India business grow, while sharing some of the costs, according to the report

India committed to spotlight, concerns of developing nations: MoS

Union Minister V Muraleedharan on Tuesday shared India's commitment to spotlight the priorities, perspectives and concerns of the developing nations, including the Arab world, during its G20 Presidency. The minister of State for External Affairs said despite the challenging global context, trade between India and the Arab world has escalated, currently standing at over USD 240 billion. He emphasised the Arab world's significant contributions to India's energy and food security, providing approximately 60 per cent of India's crude oil imports and over 50 per cent of its fertiliser needs. Addressing the India Arab Partnership Conference organised by Ficci, the minister said shared cultural heritage through linkages of language, customs, and traditions continue to lend energy to the historical bond between India and the Arab nations. "The Arab world is indeed a part of India's extended neighbourhood. Our shared views on major international developments, strong economic and commercial

Govt floats tender to set up 450,000 tonne green hydrogen facility

Solar Energy Corporation of India (SECI) has floated a tender for setting up a production facility of 4.5 lakh tonne of green hydrogen in India under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. SECI is a Government of India enterprise under the administrative control of Ministry of New & Renewable Energy (MNRE). It is a nodal agency for implementing various schemes for renewable energy in the country. According to the tender document, the total capacity available for bidding is 4.5 lakh tonne per annum including 4.1 lakh tonne under Technology Agnostic Pathways and 40,000 tonne under Biomass Based Pathways. The total capacity to be allocated under this tender is 450,000 tonne per annum of green hydrogen (GH2), it stated. It provided that a bidder, including its parent, affiliate or ultimate parent or any group company shall submit a single bid undertaking to set up a GH2 production facility. The projects shall be quoted in multiples of 500 tonne ...

India may firm up procurement of Rafales for Navy, 3 Scorpene from France

India is finalising the ground work for firming up procurement of 26 Naval variant of Rafale jets and three Scorpene submarines from France in the run up to Prime Minister Narendra Modi's visit to Paris this week, people familiar with the development said on Monday. The two sides are also inching closer to seal a deal under which French defence major Safran and an Indian entity will jointly develop an aircraft engine in India, the people said. It is learnt that the Defence Procurement Board (DPB) of the Ministry of Defence cleared the proposals. The procurement proposals will be taken up soon by the Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh. The people said India and France may announce the big-ticket defence projects during Modi's visit to France. Modi will attend the Bastille Day Parade in Paris on July 14 as the guest of honour. Some of the defence procurement projects may be announced this week, the people said when asked where the mega ...

India's ethanol program will cap future sugar exports: BMI report

BMI says that there is currently a fast development of additional capacity to produce ethanol in India, where the biofuel is made mainly from sugarcane

India's power consumption grows by 4.4% to 139.23 billion units in June

Power consumption grew by 4.4 per cent to 139.23 billion units in June this year compared to last year. In the year-ago period, power consumption stood at 133.26 billion units (BU), higher than 114.48 BU in June 2021, according to government data. The peak power demand met, which is the highest supply in a day, rose to 223.23 GW in June 2023. The peak power supply stood at 211.72 GW in June 2022 and 191.24 GW in June 2021. The power ministry had estimated the country's electricity demand to touch 229 GW during the summer season. But the demand did not reach the projected level in April-May this year due to unseasonal rains. Power consumption was affected in March, April and May this year due to widespread rains in the country. Experts said that unseasonal rains in March, April and May affected the power consumption in the country. However, they stated that the power consumption growth was not that bad in June this year. Rains reduced the demand for electricity as people used fewe

India's consumption is rising as global prices have eased: Gas importer

Eased gas prices, triggered by the built-up of stocks by European nations, is boosting gas consumption in the price-sensitive Indian market

India overtakes China as most attractive emerging market for investing

India has overtaken China as the most attractive emerging market for investing, according to 85 sovereign wealth funds and 57 central banks representing USD 21 trillion in assets. India is increasingly viewed positively for its improved business and political stability, favourable demographics, regulatory initiatives, and a friendly environment for sovereign investors, according to a report by global investment management firm Invesco. The report titled 'Invesco Global Sovereign Asset Management Study' included views from 142 chief investment officers, heads of asset classes along with senior portfolio strategists from 85 sovereign wealth funds and 57 central banks. Amid persistent high inflation and real interest rates, investors are recalibrating portfolios. Sovereign wealth funds, it said, favour fixed income and private debt, while Emerging Markets (EMs) with solid demographics, political stability, and proactive regulation, particularly India, have emerged as prime investment

L&T, Spain's Navantia to jointly bid for $5-bn India submarine tender

L&T has so far built more than 65 defence vessels- both in partnership and on its own- including a handful for the Indian Navy and Coast Guard, according to its website

Rajnath Singh discusses deepening of bilateral ties with Malaysian PM

Defence Minister Rajnath Singh called on Prime Minister of Malaysia Anwar Ibrahim and held talks with his Malaysian counterpart Mohamad Hasan here on Monday and discussed ways to further deepen bilateral defence ties. Singh arrived in Kuala Lumpur on Sunday on a three-day visit aimed at further boosting bilateral defence and strategic ties. "Called on the Prime Minister of Malaysia, Mr @anwaribrahim in Kuala Lumpur. Deeply appreciate his positive approach and interest towards further deepening India-Malaysia bilateral relations," he tweeted. "Had an excellent meeting with the Defence Minister of Malaysia, Mr. Mohamad Hasan in Kuala Lumpur today. We reviewed the diverse pillars of the extensive bilateral defence engagement and discussed the roadmap for the 4th Decade of India-Malaysia Defence Cooperation," he said. The defence ministry in New Delhi said on Saturday that Singh and Hasan will review defence cooperation between the two countries and explore new initiatives to further .

HPCL recieves bids to lease part of Chhara LNG terminal on west coast

HPCL aims to commission the terminal, with a planned capacity of 5 million metric tons per year (tpy) in the December quarter, K Sreenivasa Rao told reporters at an event

India's green hydrogen push and challenges, everything you need to know

Although first production is expected only in 2026, India has been negotiating bilateral agreements with the European Union, Japan and other countries to start exporting the fuel

Situation grim in Patiala, floodwaters enter Rajpura thermal power plant

Punjab's Patiala district was reeling under a flood-like situation following heavy monsoon rainfall, with authorities seeking the Army's assistance to combat the escalating crisis, officials said on Monday. Floodwaters entered the premises of the Rajpura Thermal Power Plant here, leading to the shutdown of one of its 700 MW units, they said. Authorities have also deployed the National Disaster Response Force (NDRF) and the State Disaster Response Force (SDRF) teams for relief and rescue work as the district grapples with rising water levels. The Army's assistance was sought by the Patiala district administration after water overflowed from the Sutlej Yamuna Link (SYL) canal in Rajpura town following a breach, the officials said. Patiala Deputy Commissioner Sakshi Sawhney said floodwaters breached the premises of a private hospital in Rajpura on Sunday, necessitating the rescue and relocation of patients to other hospitals. Also, as many as 800 students from a private university in

Gas regulator to pitch for building gas storage to boost clean fuel usage

The country aims to raise the share of natural gas in its energy mix to 15% by 2030 from about 6.5% now

Will transfer SSLV to industry amid demand for small satellite: Isro chief

The Indian Space Research Organisation (ISRO) on Monday announced that it will transfer its Small Satellite Launch Vehicle (SSLV) to the private sector amid growing demand for small satellites. The SSLV, which has had two development flights, seeks to provide on-demand services to put satellites weighing up to 500 kg in a low-earth orbit. "We have built our own SSLV which will be transferred to the industry and produced in large numbers to meet the growing demand," ISRO chairman S Somanath said at the inauguration ceremony of the India Space Congress organised by SIA India. The space agency has decided to opt for the bidding route to transfer the mini-rocket to the industry, a senior official said. The SSLV is the sixth launch vehicle developed by ISRO and has undergone two development flights in August last year and in February this year. The maiden flight of the SSLV in August last year was a failure due to vibration disturbance for a short duration on the Equipment Bay deck dur

'Moto GP 2023' to strengthen image of Uttar Pradesh in country, abroad

Bikers from different countries will be exposed to the sports infrastructure of UP being developed by the Yogi government during the much anticipated event

India may not hit ambitious electronics export target for FY26, says ICEA

Electronics exports: Forget China, long way to go for India to catch up with Vietnam, Malaysia

BRICS Sherpas exchange views on enhancement of strategic partnership

Secretary (Economic Relations) Dammu Ravi participated in the extraordinary meeting of the BRICS Sherpas/Sous-Sherpas in South Africa's Durban and exchanged views on the development and enhancement of the strategic partnership within the association.Taking to Twitter, the Russian Embassy in India said, "On July 5-6, #Russian Deputy Foreign Minister Sergey Ryabkov participated in an extraordinary meeting of the #BRICS Sherpas/Sous-Sherpas in Durban, #SouthAfrica.""A thorough exchange of views on development & enhancement of the strategic partnership within the association, including taking into account priorities outlined by the South African chairmanship, took place. A common intent to increase international role of #BRICS was expressed," it was also added.The discussions also encompassed topical issues of preparations for the upcoming 15th BRICS Summit, which is scheduled to take place in Johannesburg on August 22-24, 2023.Meanwhile, in Russia's Kemerovo, the names of the ...