New Delhi, Feb 12 (IANS) Brazilian President Luiz Inacio Lula da Silva will be on a State Visit to India at the invitation of Prime Minister Narendra Modi from February 18-22, the Ministry of External Affairs (MEA) announced on Thursday. During his visit, President Lula will also attend the AI Impact Summit in New Delhi scheduled to be held on February 19-20. While addressing a weekly media briefing in New Delhi, MEA spokesperson Randhir Jaiswal also stated that the Brazilian President will be h…
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New Delhi, Feb 12 (IANS) Luxury car manufacturer Rolls-Royce on Thursday said it intends to scale up its business in India to support future programmes and partnerships across defence, civil aviation and energy.The automaker is exploring opportunities to co‑develop a next‑generation combat jet engine and localising engine manufacture for the Indian Army, Navy as well as Coast Guard, and potentially power solutions for critical infrastructure and industry, a statement said.These initiatives c…
New Delhi, Feb 10 (IANS) The Nifty Midcap 150, despite a one‑month decline of 3.53 per cent in January, emerged as a top gainer on annual basis, delivering one‑year returns of 8.26 per cent, a report said on Tuesday.The report from Motilal Oswal Mutual Fund said the index delivered returns of -2.52 per cent and 0.61 per cent over the last three months and six months respectively.Commodities were the only positive contributor to the Nifty 500 in January, the report further said. Among sectors…
New Delhi, Feb 5 (IANS) India’s fiscal strategy has undergone a clear and deliberate shift over the past decade, with the expenditure mix increasingly oriented towards capital-led growth, according to a new report.Notably, the FY27 Budget reinforces this trajectory, reflecting the government’s conviction that durable growth, private investment crowding-in, and macroeconomic stability are best achieved through sustained public capital formation rather than short-term fiscal stimulus. As a res…
Hyderabad, Jan 20 (IANS) Telangana has set the goal of raising its contribution to India’s GDP to 10 per cent, supported by a clear roadmap to build a USD 3 trillion economy, industry minister D. Sridhar Babu said on Tuesday. He invited global industry leaders to partner in Telangana Rising, a long-term vision built on policy stability, ease of doing business, and innovation-led growth.At the inauguration of the India Pavilion at the World Economic Forum annual meeting in Davos, Minister Sridh…
Gandhinagar, Jan 12 (IANS) Prime Minister Narendra Modi said on Monday that the growing cooperation between India and Germany in the defence and security sectors is a “testament to mutual trust and shared vision” and thanked German Chancellor Merz for simplifying the defence trade. He mentioned that India and Germany share common priorities in the renewable energy sector. He also announced that the two nations will establish the India-Germany Centre of Excellence to further enhance cooperation.D…
Gandhinagar, Jan 11 (IANS) The Vibrant Gujarat Regional Conference for Kutch and Saurashtra saw major announcements from India’s top industrial leaders, reinforcing Gujarat’s position as a national investment magnet on Sunday. Reliance Industries Chairman Mukesh Ambani unveiled five significant commitments for Gujarat, reaffirming the company’s deep connection with the state. He announced that Reliance will double its investment to Rs 7 lakh crore over the next five years, compared to Rs 3…
Washington, Jan 8 (IANS) India’s Ambassador to the United States, Vinay Mohan Kwatra, met US House Speaker Mike Johnson on Capitol Hill to discuss the India-US relationship, counterterrorism cooperation, and key areas of bilateral partnership. Kwatra said he was “honoured to meet Speaker Mike Johnson at Capitol Hill today.” He said he expressed “deep appreciation for his support for strengthening the India-US bilateral relationship.”The ambassador thanked the Speaker for US support on …