GLOBAL INVESTORS SUMMIT 2023
India to host first global summit for media and entertainment sector in November
India hosts the World Audio Visual and Entertainment Summit (WAVES) in Goa from November 20-24, alongside the International Film Festival of India (Nov 20-28). Announced by I&B Minister Vaishnaw and CM Sawant, it aims to improve IP rights, industry collaboration, and networking in the USD 27.5 billion media sector.
PM Modi, BIMSTEC Foreign Ministers discuss ways to strengthen regional cooperation
Foreign Ministers from the BIMSTEC member countries have gathered in the national capital for a two-day retreat meeting to bolster cooperation among Bay of Bengal countries. BIMSTEC is a regional organisation comprising 7 member states - Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
Why Indo-Pacific countries are joining the NATO summit
Leaders from Australia, Japan, New Zealand, and South Korea are set to join NATO's summit in Washington, marking the third consecutive summit for these countries referred to as the Indo-Pacific Four (IP-4). The meeting underscores NATO's growing interest in the Indo-Pacific region amidst concerns over China's actions, including potential threats to Taiwan, and Russia's strengthening ties with Beijing and North Korea.
Global experts, CISOs, founders to converge at Accel Cybersecurity Summit in Bengaluru on July 25
The summit comes when India's cybersecurity landscape is witnessing remarkable growth, and demand for products and services is rising at a fast clip. Accel has been operating in India since 2008. The global venture capital firm said, "Accel is set to host India's largest Cybersecurity Summit in Bengaluru,"
SCO Summit adopts 25 strategic documents in energy, security & trade
The 24th SCO summit concluded with the adoption of the Astana Declaration and approval of 25 strategic documents. Member states emphasized the organization's role in global peace and security. Resolutions covered areas such as terrorism, energy cooperation, and environmental protection.
Peak XV has Rs 16,000 crore for investment; AI to be in focus: Rajan Anandan
Peak XV Partners, managing director Rajan Anandan said the company isn't facing any shortage of capital, they just want more people starting up in AI. "We have over 25 AI investments that we’ve made over the last 1-1.5 years,” he said. Peak XV Partners recently led a $10.5 million funding round in AI health startup Cloudphysician.
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Global community must isolate, expose nations harbouring terrorists...: PM Modi at SCO Summit
External Affairs Minister S Jaishankar delivered these remarks on behalf of PM Modi at the Shanghai Cooperation Organisation being held under Kazakhstan's Presidency in Astana.
SCO fosters regional stability & multilateral coop: Kazakhstan
The SCO Summit in Astana, Kazakhstan, represents a significant event for over 3 billion people. Kazakhstan, as a founding member, prioritizes the SCO's development within its balanced foreign policy. Deputy Foreign Minister Roman Vassilenko emphasized the summit's role in mutual respect and consensus-building. Under Kazakhstan's presidency, over 150 events focused on energy, digitalization, and environmental protection. President Tokayev's "World Unity for Just Peace and Harmony" initiative highlights Kazakhstan's influence. Kazakhstan's strategic location, rich resources, and strong economic growth make it a key player in global diplomacy and trade.
Global firms buy PB Fintech stakes from early backers
Foreign portfolio investors (FPIs) have lapped up shares in Gurugram-based listed fintech firm PB Fintech, as its founders and early investors sold their shares, in full or in part, in multiple tranches. These transactions happened through bulk deals when several early-stage investors of the company exited the firm fully or partly after 2021, when it went public.
India’s long bonds have become a crowded trade, Edelweiss warns
Edelweiss Government Securities Fund excels in performance, positioning itself as a market leader. Foreign investors' sustained involvement in Indian sovereign bonds is still uncertain, impacting market dynamics.
Want a slice of AI pie? Here's what it will cost stock market investors
Retail investors are now viewing AI as a promising investment frontier, with significant potential for gains by investing in leading companies in this field. Nvidia, a maker of AI chips, has seen its stock surge threefold in the past year, making it one of the most valuable companies in the world with a market capitalisation over $3 trillion.
Bihar to host mega investor summit in Dec; roadshows from Monday
Bihar will roll out the red carpet for domestic and foreign investors at a mega event in December as it looks to lure investments in sectors like textiles, food processing and EVs that will create jobs and boost business in the state. After the grand success of the 2023 edition, the state will host the two-day Bihar Business Connect event on December 11 and 12 in Patna. And before that, it will hold roadshows in different cities, beginning with Kolkata on Monday.
"We should expand our horizon": Bangladesh PM's adviser on economic cooperation with India
Bangladesh Prime Minister Sheikh Hasina's Private Industry and Investment Adviser, Salman F Rehman, emphasized expanding economic cooperation with India to strengthen bilateral ties. During Hasina's two-day state visit to India, Rehman highlighted interest in various sectors including energy, healthcare, FMCG, IT, and agriculture. He also noted the Confederation of Indian Industry's proposal for Bangladeshi businesses to explore opportunities beyond northeastern India. Both nations aim to enhance their economic collaboration, reinforcing the strong bond under Prime Ministers Modi's "Neighbourhood First" policy and Hasina's regional focus.
Indian deep tech startups count surges in 2023 but funding plummets 77%: Nasscom
Total $850 million was raised in 2023 itself -- this is a 77% decline over $3.7 billion raised in 2022. The number of deals, meanwhile, declined by 25% in 2023 over 2022, it said.
FPIs’ G-Sec purchases cross $10-billion mark
Nine months after JP Morgan announced the inclusion of Indian government debt in its emerging markets index, foreign portfolio investors have increased their ownership of sovereign bonds by over $10 billion. The influx of funds is expected to continue as India's index weightage grows.
JPMorgan says foreign holdings of Indian bonds could double over next year
JP Morgan's inclusion of Indian bonds in the GBI-EM Global index suite is expected to attract $20-25 billion in foreign flows. Over $10 billion has already been invested in Indian government bonds, as per Reserve Bank of India data.
Global traders flood American markets in search for safety
International investors are flooding American markets with $30 billion in stock funds, mainly targeting US tech shares. The S&P 500 and long-dated Treasuries are outperforming global markets amid economic and political uncertainties.
PM Modi and French President Emmanuel Macron discuss ways to further strengthen partnership
It is Prime Minister Modi's first foreign trip after assuming office for a third time this month. The two leaders last met in January when the French President visited India to attend the 75th Republic Day of India. During their last meeting, the two leaders reaffirmed their shared vision for bilateral cooperation and international partnership, outlined in Horizon 2047 and other documents from the July 2023 Summit.
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.
PM Modi to attend G7 summit in Italy; Here are the key global issues on the agenda
Prime Minister Narendra Modi will participate in the 50th G7 Summit in Italy from June 13 to 15, 2024. The summit will address critical issues such as Africa, climate change, development, AI, and global conflicts. Modi will hold bilateral talks with Italian PM Giorgia Meloni and engage with other world leaders. This visit will also allow him to follow up on the outcomes of the G20 Summit under India's presidency.
Modi’s election setback only a blip for some global stock funds
“The first thing I did was message my portfolio managers who invest in India to say if Nifty banks are down because of a lower-than-expected mandate for Modi, it’s a buying opportunity,” Sai said in an interview on Tuesday.
Emirates boss says Boeing needs strong CEO to end crisis
Boeing is looking for a new CEO after announcing that Dave Calhoun would step down by the end of the year following back-to-back crises exacerbated by the blowout of a loose door plug on an Alaska Airlines 737 MAX 9 jet in January.
Why a sub-300 seat Modi in 2024 suits the West
India’s refusal to toe the Western line on Russia and Iran has irked the US and its allies who believe a more modest winning margin for Narendra Modi in 2024 would best serve the West’s interests
India imports more silver in 4 months of 2024 than in all of 2023
India's silver imports in the first four months of 2024 have surpassed the total for all of 2023, driven by rising solar panel demand and investor interest. The country imported a record 4,172 metric tons, up from 455 tons a year ago. This surge supports global prices and outperforms gold.
Easing global yields bring FPIs back to Indian govt bonds
From May 8 to 22, foreign portfolio investors' holdings of fully accessible route (FAR) Indian government bonds increased ₹3,304.8 crore to ₹1.6 lakh crore, showed latest data on the Clearing Corporation.
Global bond play: With depth will come volatility, too
Vikas Jain, head of India trading, fixed-income, currencies and commodities at Bank of America, said as foreign investment in Indian bonds heads toward the 10% weight on the JP Morgan bond index next year, the process of discretionary weighting changes would start to play out, creating a more complex trading environment.
Indian businesses brainstorm on diverse sectors including digital tech & aerospace at Choose France Summit
The 7th Choose France Summit in Paris featured a dedicated France-India roundtable where TCS announced a Global AI Center of Excellence. The event highlighted the India-France strategic partnership and the upcoming Indo-French Year of Innovation to enhance bilateral ties.
PM Modi to launch 14000 projects at fourth ground-breaking ceremony of UPGIS 2023 today
Prime Minister Narendra Modi is set to launch 14,000 projects in Uttar Pradesh, worth over Rs 10 lakh crore, at the fourth ground-breaking ceremony of the UP Global Investors Summit 2023. The event will include the foundation stone laying of the Shri Kalki Dham Temple in Sambhal district, which is being constructed by the Shri Kalki Dham Nirman Trust. The ceremony will be attended by various dignitaries, including saints and religious leaders. The projects span sectors like Manufacturing, Renewable Energy, IT, Food Processing, Housing, Hospitality, and Education.
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