GLOBAL MEET
India pitches for infusing new energies into BIMSTEC grouping
India has called on the seven-nation Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation (BIMSTEC) grouping to infuse new energies, resources, and a fresh commitment to bolster cooperation among the Bay of Bengal countries. External Affairs Minister S Jaishankar made the appeal during a two-day retreat in the national capital.
Putin is meeting a lot of world leaders for a global ‘outcast’
President Putin has been actively engaging in diplomatic meetings with various world leaders since May. His recent interactions with leaders from China, India, Hungary, Turkey, North Korea, and other nations indicate a strategic effort to strengthen alliances and expand Russia's global influence.
PM Modi in Russia: PM hails Russia as India's 'all-weather friend'; lauds Putin's leadership
Prime Minister Narendra Modi praised Russia as India's "all-weather friend" and commended President Vladimir Putin for strengthening bilateral relations over two decades. Addressing the Indian diaspora, Modi emphasized the deep mutual trust and respect in India-Russia ties, and criticized the influence-oriented global order, advocating instead for a world focused on confluence. He highlighted India's role in the emerging multipolar world and called for peace and diplomacy in resolving the Russia-Ukraine conflict.
What to know about the NATO military alliance and how it is helping Ukraine
The three-day summit, which begins Tuesday, will focus on ways to reassure Ukraine of NATO's enduring support and offer some hope to its war-weary citizens that their country might survive the biggest land conflict in Europe in decades.
PM Modi lands in Russia for first visit since Ukraine offensive
Indian Prime Minister Narendra Modi has visited Russia for the first time since Russia launched its campaign in Ukraine and he returned to power last month. The visit is his first since Russia launched its offensive against Ukraine and since he was returned to power. Modi aims to review bilateral cooperation with President Vladimir Putin and share perspectives on regional and global issues.
Meet Zarna Garg: Exploring the comedy queen's journey from a housewife to global fame
Zarna Garg, an Indian American comedian, has skyrocketed to fame with her unique blend of humor, targeting the daily quirks of Indian-American life. From winning awards for her screenplay to performing on prestigious platforms like 'The Tonight Show starring Jimmy Fallon,' she's made a mark in comedy. Known for her witty insights and down-to-earth humor, Garg's journey reflects her dedication to bringing Indian humor to global audiences while breaking barriers for female comedians.
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GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Indian equities surge with Nifty crossing 24300 and Sensex breaching 80000. Tech view sets 24900 as the next target. Dollar weakens, oil prices fall, and rupee settles lower. FII net long increases to Rs 3.78 lakh crore. DIIs buy shares worth Rs 924 crore.
India pitches for strengthening quality standards for spices
India actively supports global food standards at the Codex Alimentarius Commission session in Rome, emphasizing quality in spices, vegetable oils, and water reuse. The country's commitment to food safety, recycled materials, and addressing global challenges like climate change is evident in its participation and championing of guidelines.
Sugar summit: India to hosts Global ISO Council meet from June 25-27, showcases biofuel leadership
India is set to host the International Sugar Organization (ISO) Council Meeting from June 25-27, bringing together delegates from over 30 countries to discuss critical issues in the sugar and biofuel sectors. India, the world's largest consumer and second-largest sugar producer, has been nominated to chair the ISO for 2024.
Revenue automation startup MeetRecord raises $2.7 million funding from SWC Global, others
MeetRecord, based in Bengaluru, offers AI-powered analysis of conversation data from emails and calls to improve sales conversions. Prior to this pre-series A funding round, the company had raised $310,000 in 2021 from All In Capital and Powerhouse Ventures.
Jaishankar meets US National Security Advisor Sullivan in Delhi, discusses bilateral, global issues
External Affairs Minister S. Jaishankar met with United States National Security Advisor Jake Sullivan in New Delhi on Monday to discuss a range of issues. They explored various bilateral, regional, and global matters during their comprehensive conversation. Jaishankar shared his optimism about the future of India-US relations.
G7 Summit: Italy PM Meloni welcomes PM Modi as India participates as an 'Outreach nation'
Prime Minister Narendra Modi arrived in Italy's Apulia to attend the G7 Outreach Summit, where he was welcomed by Italy's Prime Minister Giorgia Meloni. During the summit, PM Modi met with President Emmanuel Macron of France, Prime Minister Rishi Sunak of the United Kingdom, and President Volodymyr Zelenskyy of Ukraine. This visit marks PM Modi's first state visit in his third consecutive term, highlighting the importance of India's strategic partnerships and cooperation in regions like the Indo-Pacific and the Mediterranean. The G7 summit is being held in Italy's Apulia region from June 13-15.
PM Modi meets Joe Biden, other global leaders at G7 summit
PM Narendra Modi, on his maiden trip abroad since his re-election for the third straight term in office, met US President Joe Biden on Friday in a brief pull aside at the G7 summit and is understood to have touched upon various issues of common interests, including the Indo-Pacific region. "It's always a pleasure to meet @POTUS @JoeBiden. India and USA will keep working together to further global good," Modi wrote on X following their one-on-one meet on the sidelines of the G7 Summit in Italy.
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.
What to expect from the upcoming Fed meeting? Mark Matthews answers
Well, there was another election on the other side of the world almost at the same time, which was in Mexico. And there, there was a left wing, that government was elected and their stock market has tanked since then.
Global stock index rises slightly while euro falls, yields up
MSCI's global equities index rose while investors awaited U.S. inflation data and central bank policy meetings. The euro fell after French President Emmanuel Macron called a snap election.
Inflation, Fed meeting to give clues for US market direction
Investors await next week's inflation data and Fed meeting for signals on stock market trajectory amid conflicting economic signals. S&P 500's 12% YTD rise hinges on Fed's ability to manage inflation without hampering growth.
Euro slips to one-month low as Macron calls French election
The euro fell as French President Emmanuel Macron called a shock election after far-right gains in European Parliament elections. U.S. nonfarm payrolls data showed job growth exceeding expectations, impacting Fed rate cut expectations.
Wall St Week Ahead-Inflation, Fed meeting to give clues for US market direction
Political uncertainty may impact market stability. Early presidential debate raises concerns about 2024 election influence. Market attention shifts from economic data to political landscape.
RBI maintains interest rates amid growing calls for easier money policy
The Reserve Bank of India (RBI) kept interest rates unchanged in its eighth consecutive meeting, with some members leaning towards easing monetary policy due to concerns about rising food prices. The central bank raised its FY25 growth forecast by 20 basis points to 7.2%, leading to a surge in equity indices. Inflation remains a concern due to global commodity price increases and potential food price spikes.
RBI MPC Meeting 2024 at a glance: Here's a one-stop guide to all key decisions
The Reserve Bank of India's Monetary Policy Committee (MPC) has decided to maintain the current interest rate at 6.5%, following a 4:2 majority decision. The panel projected real GDP growth for FY25 to be 7.2%, up from 7%. The MPC is also maintaining the Standing Deposit Facility rate at 6.25% and the Marginal Standing Facility bank rate at 6.75%.
Gold Price Today: Gold prices fall Rs 2,700 per 10 gm in last 15 days, silver down Rs 6,800 per kg in one week
Gold and silver prices remain volatile ahead of key events like the U.S. job data and ECB policy meetings. Prices are influenced by factors like central bank demand, profit-taking and industrial metal pressures. Traders are cautious amid uncertainty in the market.
Carbon removal needs to quadruple to meet climate goals, researchers say
New policies are required to drive up demand for CDR, the authors said, with funding for new technologies falling since 2020. The $856 million invested in new startups last year accounted for around 1% of total climate tech spending.
TSMC says it has discussed moving fabs out of Taiwan, but such a move impossible
TSMC, a Taiwanese chipmaker, discussed moving its fabrication plants off the island amid tensions with China, but deemed it impossible due to 80-90% production capacity in Taiwan.
Charting the global economy: Europe inflation picks up before ECB meeting
Inflation in Europe rose more than expected in May, with consumer prices up 2.6% from last year, surpassing April's 2.4%.
RBI MPC meeting next week: What investors should expect
The RBI's upcoming MPC meeting on June 7, 2024, is expected to maintain interest rates amidst a stable inflation scenario post Lok Sabha election results. The focus will be on global and domestic factors impacting the economy.
Oil prices little changed as markets look to OPEC+ meeting
Oil prices in holding pattern ahead of OPEC+ meeting on June 2 to discuss maintaining output cuts. Brent crude contract inches up to $82.23 a barrel in early Asian trading.
RBI Monetary Policy: India’s sticky inflation gives RBI reason to stay on hold
RBI MPC Meeting: India's steady inflation and the threat of rising food prices are likely to delay any interest rate cuts by the central bank. Consumer prices rose 4.83% in April, close to economists' expectations. The Reserve Bank of India has maintained its 6.5% benchmark interest rate for over a year, with no cuts expected until the final quarter of the year. Citigroup economists predict a shift to a neutral stance in August due to favorable inflation data. Food prices, a significant component of consumer prices, continue to rise, impacting the overall inflation rate. Erratic weather and the upcoming elections are additional factors complicating the central bank's decision-making process.
Donald Trump asks oil firm CEOs to raise $1 billion for campaign
Donald Trump solicited $1 billion from US oil executives to support his campaign and pledged to undo various environmental regulations implemented by the Biden administration, including emissions rules and LNG export permit freeze, as reported by Washington Post and Reuters.
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