TRADE PARTNERSHIP
Kaya shares surge 10% after it announces collaboration with Marico
Shares of Kaya rose 10% to Rs 501.45 on BSE after announcing a collaboration with Marico, whose shares traded flat at Rs 608.15. The collaboration aims to market 75+ science-based personal care products, leveraging channels for wider reach. CEOs Rajiv Suri and Saugata Gupta emphasize growth, market expansion, and long-term consumer satisfaction.
Modi’s Moscow trip: India could open 2 additional consulates in Russia
External Affairs Minister S. Jaishankar met Russian Foreign Minister Sergey Lavrov at the Shanghai Cooperation Organisation Summit to prepare for PM Modi’s visit to Moscow on July 8-9. Discussions included the opening of two new Indian consulates in Russia and strengthening bilateral ties in defense, energy, trade, and connectivity. Modi will receive Russia’s highest state honor, Order of St Andrew the Apostle. Jaishankar also addressed the issue of Indians drafted in the Russian military for the Ukraine conflict.
US & India can achieve headway in defence, technologies & economic prosperity in Modi 3.0: Garcetti
US Envoy Eric Garcetti highlights Modi 3.0 as an opportunity for "ambitious India" and "ambitious America" to achieve progress in defense partnerships, critical technologies, and economic prosperity. Congratulating PM Modi on his third term, Garcetti emphasizes enhancing bilateral relations to benefit global democracies and the Indo-Pacific. Reflecting on past achievements, including over 150 agreements, Garcetti underscores resilience during elections, affirming continuous US-India collaboration. He praises India's development and global role, citing advancements in healthcare and global security efforts, and celebrates the country's transformative journey towards prosperity and international influence.
Volkswagen's $5 billion investment in Rivian boosts EV maker's shares
Rivian secures vital funding through Volkswagen's investment, enabling the launch of new EV models. The partnership signifies a significant step towards technological advancement and financial sustainability in the competitive electric vehicle market.
EAM Jaishankar reviews 'multi-faceted' comprehensive strategic partnership with UAE counterpart
External Affairs Minister S Jaishankar met with his UAE counterpart Abdullah bin Zayed Al Nahyan to discuss enhancing collaboration in various areas of the India-UAE comprehensive strategic partnership, including commercial, economic, fintech, education, and culture. They also exchanged views on regional and global issues, visited the BAPS Hindu Mandir, and participated in International Yoga Day celebrations. Jaishankar emphasized the importance of the India-UAE relationship and their ongoing cooperation.
EAM Jaishankar visiting UAE on Sunday
External Affairs Minister S Jaishankar is in the UAE to discuss bilateral issues and the situation in Gaza with his counterpart Abdullah bin Zayed Al Nahyan. The visit follows Prime Minister Narendra Modi's landmark visit in 2015. Both countries signed a comprehensive economic partnership agreement (CEPA) in February 2022. The UAE hosts a 3.5 million strong and vibrant Indian community.
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India, Bangladesh agree to start talks on comprehensive trade pact
India and Bangladesh have agreed to begin negotiations on a comprehensive economic partnership agreement, as Prime Minister Narendra Modi announced after talks with Bangladeshi PM Sheikh Hasina. Modi emphasized that Bangladesh is India's largest development partner and that New Delhi gives top priority to their relationship. The leaders also discussed enhancing defense cooperation, including defense production and modernization, and signed agreements in areas such as the digital domain, maritime sphere, and railway connectivity.
India-France-Australia trilateral identifies new proposals to expand Indo-Pacific partnership
The Indian side was led by Piyush Srivastava, Joint Secretary (Europe West) and Paramita Tripathi, Joint Secretary (Oceania and Indo-Pacific), while the French side was led by Benoît Guidée, Director (Asia and Oceania), Ministry of Foreign Affairs and the Australian side was led by Sarah Storey, First Assistant Secretary, South and Central Asia Division, Department of Foreign Affairs and Trade.
Vladimir Putin thanks North Korean leader Kim Jong Un for unwavering support at summit, including on Ukraine
An honour guard including mounted soldiers, and a large crowd of civilians gathered at the square by the Taedong River running through the capital. The scene included children holding balloons, and giant portraits of the two leaders with national flags adorning the Grand People's Study Hall.
India, Italy giving boost to Strategic Partnership, enhancing trade, defence and technology ties
Italy, as India's fourth largest trading partner in the EU, has upgraded bilateral relations to a 'Strategic Partnership.' The focus will be on defence, Indo-Pacific, energy, and technology. PM Modi has been invtited for the G7 Summit Outreach. Celebrating 75 years of diplomatic ties, the countries emphasise rule of law, human rights, and inclusive growth. With significant economic engagement and cooperation in science & technology. The nations continue to enhance their strategic partnership.
India's foreign policy priorities under Modi 3.0
Narendra Modi is all set to become India’s Prime Minister for a third consecutive term. Here's a look at the likely foreign policy priorities under Modi 3.0.
Explainer: Why the few big AI players worry US antitrust regulators
U.S. antitrust enforcers are investigating Big Tech's impact on the AI sector, looking into potential competition issues. Key concerns include data access advantages, impact on workers, and partnerships with Big Tech firms.
Italy could play significant role in boosting India's advanced manufacturing capacity: Vincenzo de Luca
Italy's outgoing Ambassador to India highlights the crucial role of collaboration with India in advanced manufacturing to boost India's manufacturing capacity. Bilateral trade between Italy and India has seen significant growth, with a focus on machinery, automotive products, and luxury goods from Italy, and aluminium, steel, and iron from India.
Japan Airlines and IndiGo Agree on Codeshare Partnership; enables JAL to expand reach to 14 IndiGo destinations in India
Japan Airlines (JAL) and IndiGo announced a codeshare partnership benefiting customers with more travel options between Japan and India.
View: Tackling FTA attractions
India has resumed free trade negotiations with trading partners after withdrawing from the Regional Comprehensive Economic Partnership (RCEP) negotiations in 2019. The process has been restarted with the signing of India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) in March 2021, followed by India-UAE Comprehensive Economic Partnership Agreement (CEPA), India-Australia Economic Cooperation and Trade Agreement (ECTA) in 2022, and India-European Free Trade Association (EFTA) pact in February this year.
UAE looking to expand scope of trade under CEPA with India: Official
The UAE aims to expand the Comprehensive Economic Partnership Agreement (CEPA) with India, signed on February 18, 2022, to enhance bilateral trade. Feryal Ahmadi, COO of Dubai Multi-Commodities Centre, highlighted potential sectors like agri-commodities and critical minerals. She emphasized India's significance as a trading partner and discussed the growth in UAE-India CEPA trade.
Hope India-UK FTA not far away, says incoming FICCI UK Council chair
Priya Guha, the new chair of FICCI UK Council, and Baroness Usha Prashar discuss the India-UK Free Trade Agreement, emphasizing research, innovation, and cultural ties for a stronger bilateral partnership.
Asserting its strategic choice, China backs Russia to the hilt
China supports Russia in the Ukraine conflict, defying calls for neutrality. Xi Jinping and Vladimir Putin, autocratic leaders, reaffirm their alliance during Putin's visit to mark the 75th anniversary of diplomatic relations. They strengthen military cooperation, denounce US actions, and agree on deep-space exploration, satellite navigation systems, telecommunications, and a multipolar world order.
India, UK review implementation of 10-year roadmap
Foreign Secretary Vinay Kwatra reviewed the India-UK 'Roadmap 2030' in London, enhancing bilateral cooperation in trade, defence, security, science, and people-to-people exchanges. Meetings were held with Minister of State Lord Tariq Ahmad, MoS for Defence Procurement James Cartlidge, and NSA Sir Tim Barrow.
Russian President Vladimir Putin to push growing Moscow-Beijing trade in China's northeast
Russian President Vladimir Putin concluded his visit to China by highlighting the importance of trade near the border in China's northeast. Amid Western sanctions over the Ukraine invasion, Putin is strengthening ties with China, signing agreements on security and economic cooperation. The joint statement emphasizes the deepening China-Russia relationship and their commitment to mutual development.
Xi, Putin hail ties as 'stabilising' force in chaotic world
Xi Jinping and Vladimir Putin emphasized the crucial role of China-Russia relations in maintaining global peace and stability.
Xi Jinping, Vladimir Putin hail ties as 'stabilising' force in chaotic world
Chinese President Xi Jinping and his Russian counterpart Vladimir Putin met in Beijing to strengthen their nations' relationship, with Putin seeking Chinese support for his war in Ukraine. Xi emphasized the importance of the China-Russia partnership for global peace and justice, while Putin highlighted their role in maintaining stability in the international arena. Despite economic challenges due to Western sanctions, the two leaders reaffirmed their commitment to deepening ties.
Xi Jinping, Vladimir Putin hold talks in Beijing to discuss future strategic ties
Russian President Vladimir Putin visited China to hold talks with China President Xi Jinping. The two leaders discussed about the Ukraine war and the increasing pressure on Beijing from the US and EU for supporting Russia. This is Putin's first foreign visit after being elected for the fifth term. Russia's large delegation, including five deputy prime ministers and other senior officials, is expected to discus trade and economic cooperation.
Russian President Vladimir Putin to visit China this week
Russian President Vladimir Putin will visit China this week after an invitation from Xi Jinping. Beijing's foreign ministry confirmed the trip scheduled from Thursday to Friday. This marks Putin's second visit to China in just over six months, highlighting the close ties between the two nations. The visit comes amidst a strengthened partnership following Russia's military assault on Ukraine in February. China has served as a crucial economic lifeline for Moscow amid Western sanctions.
Jaishankar expresses confidence in India-EU partnership growing further
Extending felicitations to EU's Ambassador to India, Herve Delphin, Jaishankar said, "I think today the relationship between India and the European Union is not only consequential for each one of us but also for the world as well. The EU is our largest economic partner, but it is more than that."
India-European Union relationship consequential for world also: EAM Jaishankar
During Europe Day celebrations in New Delhi, External Affairs Minister S Jaishankar emphasized the significance of the India-EU relationship, calling it consequential not just for both parties but for the world. He highlighted the deep ties between India and the EU across various domains, emphasizing the need for resilient and reliable supply chains and stronger digital cooperation. Jaishankar also praised the EU's engagement in the Indo-Pacific and its contribution to initiatives like the India-Middle-East-Europe Economic Corridor. EU Ambassador to India Herve Delphin echoed these sentiments, noting India's growing importance for the EU.
Company registrations drop in April, but LLPs continue to scale fresh peak
In April 2023-24, company registrations fell 3.7%, while LLPs surged 36%. The trend continued from the previous year, reflecting optimism and growth prospects despite technical challenges and a high base effect.
India-UAE CEPA celebrates two years marked by robust growth in bilateral trade
Implemented on 1 May 2022, the UAE-India CEPA offers numerous trade benefits, including the elimination and reduction of tariffs, an open trade environment, and enhanced market access for service providers across various sectors. It also addresses technical barriers and provides access to government procurement opportunities.
India, UAE discuss ways to deepen Comprehensive Strategic Partnership
Foreign Secretary Vinay Kwatra met with UAE's Minister of State for International Cooperation Reem Ebrahim Al Hashimy in New Delhi to enhance the Comprehensive Strategic Partnership. The officials discussed strengthening bilateral relations. The recent inauguration of the first Hindu Temple in Abu Dhabi and the signing of a Comprehensive Economic Partnership Agreement were also highlighted.
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