2023: A year of special achievements, says PM Modi

Describing 2023 as a year of ‘special achievements’, Prime Minister Narendra Modi on Sunday said the country is replete with self-confidence and the momentum should continue in 2024. Addressing the nation through the ‘Mann Ki Baat’ broadcast, Modi mentioned the G20 summit, passing of the Women’s Reservation Bill in Parliament, landing of Chandrayaan-3 on the … Read more

JPMorgan M&A head sees up to $150 billion funds focused on India

Investors have about $2 trillion of funds available to invest, and about $100 billion to $150 billion of that is focused on India, according to Anu Aiyengar, JPMorgan Chase & Co.’s global head of mergers and acquisitions. “As we look at a combination of the inflows into the Indian market, as well as the exits … Read more

India’s bio-economy soars to $100 bn, aim $150 bn by 2025: Jitendra Singh

Union minister Jitendra Singh on Saturday said India’s bioeconomy jumped from $8 billion in 2014 to $100 billion and the country now targets $150 billion by 2025, Addressing a discussion meeting in New Delhi focused on fostering the Biomanufacturing Initiative of the Department of Biotechnology (DBT), the minister said “India’s bioeconomy was just about $8 … Read more

Russia and India Suspend Talks Over Using Rupees for Trade

Russia and India have suspended negotiations over using rupees for trade, Reuters reported. Moscow, with a high trade gap in its favor, believes accumulating rupee is “not desirable.” China prefers to be paid in Chinese yuan or other currencies. Russia and India have suspended negotiations over using rupees for trade between the two countries, with … Read more

Angry with reform delays, India calls U.N. system ‘anachronistic’

Indian ambassador Ruchira Kamboj was speaking at a session convened by Russia that called for a discussion on how to make multilateralism effective “by defending the UN Charter”. File With another year of meetings on reforming the United Nations — and particularly the question of the expansion of the Security Council — coming to a … Read more