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  India to act as voice of Global South at Italy's G7 Summit

  India's PM Narendra Modi will address Global South issues during the 50th G7 Summit in Italy, which will take place from June 13 to 15. The summit will bring together leaders of seven member states, the European Council and Commission, and other international organizations. India's participation marks its 11th and PM Modi's 5th participation in the Outreach Session of G7 Summits.

  

  Now, here's an India plan

  The path to a developed economy by 2047 needs to be sustainable and inclusive. Boosting rural consumption is an immediate requirement. But this can't come at the cost of a disconnected fiscal policy, which may create an untenable level of debt. Similarly, physical and digital infrastructure development needs to be addressed more consciously, keeping in mind broader societal needs and environmental challenges.

  

  Arshdeep, Surya fashion India's seven-wicket win over USA, Super 8 entry

  India defeated the USA by seven wickets to enter the Super Eight of the T20 World Cup. Arshdeep Singh and Suryakumar Yadav led the Indian team, taking four wickets and restricting the USA to 110/8. Nitish Kumar and Corey Anderson contributed well for the USA, while Hardik Pandya and Arshdeep Singh were the best for India, taking six wickets each.

  

  Costa Coffee posts 49 pc rise in revenue to Rs 152 cr in FY24, adds 67 new stores

  British coffee chain Costa Coffee reported a 49 per cent growth in revenue from operations to Rs 151.8 crore in India, Devyani International Ltd said in the annual report. Its gross profit stood at Rs 116.6 crore, up 45 per cent from the year-ago period, it said.

  

  Space given to anti-India elements advocating extremism main issue with Canada: Foreign secy Kwatra

  Canadian Prime Minister Justin Trudeau is among the leaders of the G7 advanced economies attending the annual summit. "I think the main issue with regard to Canada continues to be the political space that Canada provides to anti-India elements which advocate extremism and violence and we have repeatedly conveyed our deep concerns to them and we expect them to take strong action," Kwatra said.

  

  India will participate in Swiss peace summit on Ukraine at appropriate level: Foreign Secretary Vinay Kwatra

  Switzerland has invited Prime Minister Narendra Modi to attend it. However, it is almost certain that Modi will not participate in it with sources indicating that a senior diplomat may represent India at the summit. India will attend the peace summit in Switzerland at the "appropriate level", Foreign Secretary Vinay Kwatra said.

  

  Investment of USD 190-215 bn needed for India's 500 GW RE capacity: Moody's

  India's infrastructure companies will be spending on energy transition to meet demand resulting from the country's relatively strong economic growth. However, government policies and stable regulatory frameworks will support credit quality, Moody's said in a statement.

  

  Nestle India to pay royalty at 4.5% to Swiss parent

  The current royalty licence fee remains at 4.5%, net of taxes, under the existing General Licence Agreements with the Swiss parent, who is the licensor. Nestle India stated that the board's approval for the royalty rate will be reviewed every five years, in line with regulatory requirements.

  

  India a hotbed for startups and key market for Google Cloud: global sales head

  Google Cloud's president-global sales, Matt Renner, highlighted India's significance as a key global market for startups. Renner emphasized the company's increased investments in Indian startups, particularly in the field of artificial intelligence innovation.

  

  India’s retail inflation eases to 12-month low of 4.75 per cent in May

  India's retail inflation eased to 4.75% annually in May, slightly down from the 11-month low of 4.83% recorded in April, according to government data released on Wednesday. This inflation rate continues to fall within the Reserve Bank of India's (RBI) acceptable range of 2-6%