ACCESSION TALKS
New system to ease FPI access to Gsecs awaits RBI nod
Foreign investors seek improved access to Indian bonds through global platforms, awaiting RBI approval. The new model aims for efficient trading with straight-through processing on the NDS-OM platform.
The Saipan surprise: How delicate talks led to the unlikely end of Julian Assange's 12-year saga
About a year and a half ago, a lawyer for Julian Assange presented federal prosecutors in Virginia with a request to dismiss the case against him. This move was notable given Assange's publication of hundreds of thousands of secret documents and his status as perhaps the highest-profile detainee facing a U.S. extradition request. The Justice Department was involved in a battle in British courts to extradite him to the United States for trial.
EU releases Euro 1.9 billion for Ukraine, days after launch of accession talks
The European Union on Thursday disbursed Euro 1.9 billion to Ukraine amid its ongoing conflict with Russia. The funds, provided under the Ukraine Facility, are intended to support the Ukrainian state during this challenging time. European Union President Ursula von der Leyen stated the purpose of the funds.
Vodafone Idea in talks with Samsung to expand 4G networks, roll out 5G
Vodafone Idea (Vi) has initiated 5G trials in three network circles using Samsung's virtual Radio Access Network (vRAN) technology on a non-standalone architecture. The trials, aimed at expanding its 4G and introducing 5G services, took place in Chennai, Karnataka, and Bihar. Despite its financial challenges and lagging behind rivals Airtel and Jio in 5G rollout, Vi fulfills its 5G spectrum obligations from the 2022 auction with these trials.
Commerce min engaging with different departments on India, Korea FTA upgrade talks: Official
India and Korea are progressing with talks to upgrade their existing free trade agreement (FTA), known as the Comprehensive Economic Partnership Agreement (CEPA). The Department of Commerce is collaborating with various ministries such as heavy industries, steel, and chemicals to prepare the offer list for the negotiations.
PhonePe in talks with top smartphone brands to pre-install Indus Appstore
PhonePe launched its own Android-based app store, challenging Google's billing policy and commissions. It onboarded popular apps and gaming majors, offering zero listing and platform fees.
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MF Talk: Why smart investors are turning to multi-asset portfolios
Investors aiming to maximize 'alpha' are going for multi-asset portfolios with strategic asset allocation. Chirag Muni of Anand Rathi Wealth discusses the importance of asset allocation for portfolio performance and capital protection.
‘Access Hollywood’ renewed; here are all the details
‘Access Hollywood’ and its companion show ‘Access Daily’ have been renewed till 2026. The former has more than 1.1 million daily viewers on average and it is this popularity that has led to its renewal.
Afghan Taliban govt says to attend next round of UN talks in Doha
Taliban authorities will attend the third round of United Nations-hosted talks on Afghanistan in the Qatari capital, a government spokesman said on Sunday, after snubbing an invitation to the previous round. A key element of the talks held in the Gulf state, which hosted the Taliban during years of peace talks with the United States, is a UN independent assessment on Afghanistan released late last year.
Investing in youth-led community development for lasting change
Technology serves as a powerful enabler in pushing youth-led community development to achieve sustainable change in our communities.
Domestic market access for SEZs, SOP for trade pacts likely in 100-day plan
The commerce department is developing a 100-day action plan focusing on various key areas. This includes allowing Special Economic Zones (SEZs) to sell in the domestic market, setting up a comprehensive trade information platform, standard operating procedures for negotiating free trade agreements (FTAs), and establishing ecommerce export zones. The plan also includes the launch of a Trade Connect e-Platform to assist new exporters, the development of ecommerce export hubs, and efforts to boost goods and services exports to $2 trillion by 2030.
Government's protectionist move divides aviation industry
India's aviation industry is divided over the policy to freeze flying rights to Middle East nations, with Air India CEO Campbell Wilson advocating for limiting market access for foreign carriers.
ETMarkets AIF Talk: This Rs 300 crore fund manager unveils M.E.R.I.T strategy to pick investments for portfolio
Himanshu Kohli, Co-founder of Client Associates, discusses identifying themes early for investors and the fund philosophy emphasizing value in business with strong fundamentals and execution. He mentions raising Rs 300 crore in AUM.
India should seek easy visa norms for semi and unskilled workers in bilateral agreements: Experts
Trade experts suggest India should negotiate easy visa norms in bilateral agreements to boost remittances and wages for semi and unskilled workers. These agreements can also help curb illegal entry of Indian laborers into developed nations.
World's largest humanitarian network calls for Gaza ceasefire
The International Federation of Red Cross and Red Crescent Societies (IFRC) has called for a ceasefire and unrestricted humanitarian access to the Gaza Strip, where millions are facing severe hunger. The appeal comes nearly seven months after Israel launched a significant offensive in response to Hamas-led attacks that killed 1,200 people in Israel. IFRC President Kate Forbes emphasized the need for a political solution to allow aid delivery, highlighting the dire conditions she witnessed in Rafah, Gaza, including inadequate housing, water, sanitation, and medical supplies.
ChatGPT meets Beckn in FIDE’s AI agent BecknGPT
The AI agent, Beckn Generative Pre-trained Transformer or BecknGPT, is an open-source demonstration app over Open AI’s ChatGPT.
ETMarkets AIF Talk: Fund Manager with Rs 1,000 cr portfolio nearly doubles wealth in a year; holds 10% cash amid election uncertainty
Arun Chulani, Co-Founder of First Water Capital, discusses the fund's impressive performance, achieving over 90% growth in the last year and 40% CAGR in 3 years. The fund has consistently ranked no.1 on BarclayHedge's Top 10 equity funds. he says: "Our performance is a reflection of our core philosophy, which starts with value, concentration, and betting on a country with long-term tailwinds—that of India."
Out of school, into startups: Young founders are on the rise, ready to even pause studies to chase their entrepreneurial dreams
In 2023, Ayush Pathak and Aryan Sharma founded Induced, assisting businesses in automating workflows with AI. Apoorv Singh launched Connect AI with Asta. Himanshu Rajpurohit's startup, Strangify, provides corporate mental health solutions. Dyumna Madan's ProjectClay helps students find career paths.
Online astrology platform InstaAstro raises $2.3 million in funding led by Artha Venture Fund
Online astrology startup InstaAstro will use the capital to enhance the platform, onboard more astrologers, expand its footprint and build a stronger brand presence. The Noida-based company is also launching new spiritual ecommerce, daily pooja, and Reiki healing services.
India well positioned as shift to AI happens: Google CEO Sundar Pichai
Pichai, who is also the chief executive of Alphabet, Google's parent company, was talking a day after announcing several of Google's innovations in his keynote address at Google I/O connect, the company's annual developer conference. "AI tools for a lot of our products... India is number one country in terms of user base. To be able to serve them we're committed to bringing the same AI tools," Pichai said.
Amid multi-layered investment process, BlackRock’s India bond ETF to be “one-stop” shop
BlackRock is positioning its recently launched Indian government bond ETF as a “one-stop shop” for foreigners to deploy money in local sovereign debt amid several operational layers that overseas players would otherwise have to go through to trade here, Hui Sien Koay, lead index, fixed income strategist for APAC at BlackRock
Israel strikes Gaza as more Rafah evacuations ordered
Israeli strikes in Gaza escalate, risking disaster. UN warns of humanitarian crisis. Netanyahu vows action in Rafah. Army active at crossing. Residents flee Rafah. Guterres calls for ceasefire and aid access.
Industry asked to name items from areas where India can be self-reliant
The fact that India's exports between April and January of FY24 were $3.7 billion and its imports, primarily from Russia's crude oil imports, were $51.7 billion, is what worries New Delhi. Additionally, the bloc has free trade agreements with Iran, China, Vietnam, and Serbia; these agreements may have an effect on the competitiveness of Indian industry in any of the EAEU markets.
Stormy Daniels testifies, says in detail what happened between her and Donald Trump
Adult film star Stormy Daniels testified in the hush money trial about what she said was a sexual encounter with the Republican leader in 2006 and was paid $1,30,000 before the 2016 Presidential Election to keep it a secret.
Israel sends tanks into Rafah and seizes key crossing
Israeli forces entered Rafah in southern Gaza, taking control of the border crossing with Egypt, amid escalating tensions. This operation, following a warning to evacuate, disrupted UN humanitarian access. Tanks flew Israeli flags as they secured the area, but no sign of specific targets. The region faced heavy bombardment overnight, resulting in casualties. Hamas claimed responsibility for attacks, further fueling conflict. Negotiations for a ceasefire are ongoing, with international concern mounting over civilian safety and the potential for broader escalation.
Global car giants seek tech allies in China's cutthroat EV market
Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand. One major reason why foreign automakers are seeking partnerships with local tech firms is to benefit from their innovation, which Chinese automaking executives have attributed to the cutthroat competition in the industry.
Emmanuel Macron, von der Leyen press China's Xi on trade in Paris talks
Xi arrived in Europe for the first time in five years, at a time of growing business tensions that include the European Union investigating Chinese industries such as electric vehicle exports, while Beijing probes mostly French-made brandy imports. The European Union "cannot absorb massive over-production of Chinese industrial goods flooding its market," von der Leyen said after the three held talks under the gilded ceilings of the Elysee Palace.
Good market access offered on both sides, says UK on India FTA talks
UK Foreign Secretary David Cameron has acknowledged that while there has been good market access offered by both sides, it is not enough to secure a free trade agreement (FTA). This comes as Indian negotiators are in London to continue discussions with their British counterparts. The recent restructuring of the BBC to create a new Indian-owned entity to comply with the country's foreign direct investment (FDI) rules was flagged by Liberal Democrat peer Lord Jeremy Purvis, who questioned the level of market access being offered to India in the field of media, data, and telecoms as part of the FTA negotiations.
India seeks greater market access for steel, rice, shrimp from S Korea
India is seeking greater market access for specific products like steel, rice, and shrimp in negotiations with South Korea for the upgradation of their existing free trade agreement, officially known as the Comprehensive Economic Partnership Agreement (CEPA). India has raised concerns about Korean firms not purchasing Indian steel and is demanding better market access for these products. The negotiations cover various sectors, including auto components and chemicals. South Korea has an import duty of 513% on rice and 5% on shrimp.
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