New Delhi, March 24 (IANS) Prime Minister Narendra Modi on Tuesday emphasised the government’s plans and measures to insulate citizens from global oil shocks while highlighting the Centre’s endeavour to keep the global energy supply routes intact and operational. He informed the Upper House that an elaborate campaign was underway to build ‘Made in India’ ships to reduce the country’s dependence on foreign players, in a rapidly changing global environment.Briefing the Rajya Sabha on the Wes…
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New Delhi, March 18 (IANS) The US sees China’s dominance of rare earth minerals, which are critical inputs required for electronic products, defence hardware and electric vehicles, as a major challenge. Ironically, senior officials also realise that America itself is responsible for having allowed the technology and production of these critical minerals go into China’s hands.A report in US news portal Defense One highlights that Washington itself transferred the technology to China in order …
New Delhi, March 17 (IANS) India’s services sector, now contributing about $2.2 trillion to gross domestic product (GDP), is expected to grow to about $6 trillion by 2035, implying a compound annual growth rate (CAGR) of about 10.6 per cent, a report said on Tuesday.The huge surge will increase services’ share of GDP to nearly 60 per cent while it currently accounts for about 55 per cent of GDP, the report from OmniScience Capital said.The report highlighted the growing dominance of India’…
New Delhi, March 10 (IANS) India’s deal activity remained resilient in February, recording 278 transactions worth $5.4 billion — up 34 per cent sequentially in terms of volumes, a report said on Tuesday.The report from Grant Thornton Bharat said the surge was led by private equity and venture capital participation, which recorded 169 deals worth $2.8 billion, the highest monthly deal count in four years.”While overall deal values saw only a modest recovery, the surge in volumes signals renewed …
New Delhi, March 9 (IANS) A sustained rise in crude oil prices due to the US-Iran war will benefit upstream oil exploration companies, energy infrastructure companies and select refineries while pressuring oil‑sensitive sectors such as aviation, paints, tyres, chemicals and logistics, a report said on Monday.Apart from these sectors, the report from Axis Securities recommended overweight positions also in defence and infrastructure, adding that stocks in less oil-sensitive sectors such as bank…
New Delhi, Feb 27 (IANS) India and Israel, in their key meetings this week, have placed technology and innovation at the centre of the partnership which aligns closely with India’s ambition of building a $500 billion electronics manufacturing economy by 2030–31, industry experts said on Friday.Prime Minister Narendra Modi and his Israeli counterpart, Benjamin Netanyahu, have elevated the bilateral relationship to a ‘Special Strategic Partnership for Peace, Innovation and Prosperity’, ref…
New Delhi, Feb 26 (IANS) Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu held a meeting in Jerusalem on Thursday, discussing bilateral cooperation in areas of technology and innovation, Artificial Intelligence (AI) and critical minerals, defence and security, trade and economy, labour mobility and education, blue economy, agriculture and health. The two leaders also announced elevating ties to ‘India-Israel Special Strategic Partnership for Peace, Innovation and Prosp…
Tel Aviv, Feb 26 (IANS) Prime Minister Narendra Modi on Wednesday said that he accepts the Medal of the Knesset with utmost humility and gratitude. Israel’s Parliament, the Knesset, conferred the ‘Speaker of the Knesset Medal’ on PM Modi, making him the first-ever recipient of this prestigious award. Knesset Speaker Amir Ohana presented the medal to PM Modi immediately after his address to the lawmakers in Jerusalem. “This honour is not a tribute to an individual, but to the enduring …
Jerusalem, Feb 25 (IANS) Members of the Indian diaspora in Israel on Wednesday expressed excitement over Prime Minister Narendra Modi’s visit, describing it as a ‘very special day’ for them and a moment of pride for Indians worldwide.Speaking to IANS, several members of the Indian community shared their enthusiasm about the Prime Minister’s arrival and his meeting with Israeli Prime Minister Benjamin Netanyahu.One member of the diaspora said, “I have been living in Israel for 12 years. In …
New Delhi, Feb 25 (IANS) Early signs of revival are emerging in Indian markets, with the Nifty projected to reach 27,958 over the next 12 months under a base case scenario, a report said on Wednesday.The report from PL Capital said that a bullish scenario of a 20x forward earnings multiple implies upside toward 30,497, while a conservative bear case suggests 26,486 target for Nifty.The firm said that EPS growth is expected at 3.8 per cent, and medium‑term earnings trajectory remains strong wit…