An ownership stake in a foreign company or project is referred to as a foreign direct investment (FDI) and is made by a foreign investor, business, or government. According to data from the government, FDI in India fell 34% to USD 10.94 billion between April and June of this fiscal year. According to information provided [...]
According to Ajay Mathur, Director General of the International Solar Alliance (ISA), India is on track to not only meet but also surpass its ambitious goal of 500 gigawatts of renewable energy capacity by 2030, because of a predicted drop in battery prices by 2025. In an interview with PTI, Mathur, who has also served [...]
Benchmark Sensex declined by 365 points and Nifty settled below the 19,300 level in a volatile trade on Friday as financials, IT and oil shares took a hit amid concerns over potential rate hikes and weak trend in global markets. Falling for a second day in a row, the BSE Sensex closed lower by 365.83 [...]
Brazilian aircraft maker Embraer sees a good opportunity to partner with India to develop a strong aerospace industry in both countries by synergising their strengths, company President and CEO Francisco Gomes Neto said on Friday. The challenges in the global supply chain brought by the pandemic also bring about opportunities to develop new partnerships in [...]
Finance Minister Nirmala Sitharaman on Thursday said the government is aiming to make India a global hub for the production, utilisation and export of green hydrogen. Speaking at the launch of HSBC India’s strategic partnerships towards enabling innovation in Green Hydrogen, the minister said the government is focused on driving green growth through a range [...]
Maharashtra Deputy Chief Minister Devendra Fadnavis on Thursday said JERA Co Inc, Japan's largest power generation company, has expressed a strong desire to explore investment and partnership opportunities with the state government in areas of green hydrogen, ammonia, Renewable Energy and liquefied natural gas (LNG). The deputy CM, who is on a visit to Japan, [...]
India's G20 Sherpa Amitabh Kant on Friday said geopolitical conflicts like the Russia-Ukraine war are best addressed by the United Nations as the G20 is an economic body to promotes global growth. Speaking at B20 Summit India 2023 being organised by CII, Kant however expressed hope that India would be able to convince G20 nations [...]
Artificial intelligence will create more jobs in India as it will empower more people with little skill or no skill to perform higher-level jobs, B20 India Chair N Chandrasekaran said on Friday. In a panel discussion at the B20 Summit India 2023 here, Chandrasekaran, who is also the Chairman of Tata Sons, said India has [...]
Commerce and Industry Minister Piyush Goyal on Thursday exuded confidence that the G20 ministers of trade and investment would be able to reach a broad consensus on all trade-related issues at the two-day meeting here. Representatives of the G20 countries have gathered here for the two-day trade and investment ministerial meeting. They are deliberating on [...]
Finance Secretary T V Somanathan on Thursday said India will continue to clock the highest growth rate among the top five economies in the world in the foreseeable future and asked the Indian diaspora to act as a catalyst and supplement government efforts in making India the biggest opportunity. India is currently the fifth-largest economy [...]
