Brics nations on Sunday jointly called on advanced economies, global financial institutions and the private sector to provide “substantial” climate finance for developing countries, asserting the need for predictable, equitable, and affordable funding to meet the goals of the Paris Agreement and the UNFCCC.In a joint statement released after the meeting of Finance Ministers and…
Gold prices are likely to witness sharp fluctuations in the coming week as investors brace for key global triggers, including the US Federal Reserve’s policy signals, the July 9 deadline on suspended US tariffs, and crucial economic data releases, analysts said.“Traders are expected to stay cautious ahead of any major policy cues or geopolitical developments,…
Adani Enterprises Ltd (AEL), the flagship company of the Gautam Adani-led conglomerate, has announced a public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) worth up to Rs 1,000 crore, offering yields of up to 9.3% per annum.The NCD issue, which opens for subscription on July 9 and closes on July 22, marks AEL’s…
India’s largest trading partner since 2021-22 has been the United States. (AI image) India-US trade deal: Ahead of US President Donald Trump’s July 9 tariff deadline, India has drawn the red lines on a mini trade deal. According to Indian officials, the decision on the mini or interim trade deal now rests with America.Sources told…
IndiGo is stepping up its international game with CEO Pieter Elbers identifying Amsterdam as a critical hub to connect India with Europe and North America, as the airline launches direct flights to the Dutch capital and Manchester.“This is more than just adding two destinations. It’s a shift in product, partnerships and profile,” Elbers told PTI,…
Foreign portfolio investors (FPIs) infused Rs 14,590 crore into Indian equities in June 2025, marking the third consecutive month of net inflows, supported by improved global liquidity, easing geopolitical tensions, and a rate cut by the Reserve Bank of India.However, the trend reversed in early July, with FPIs pulling out Rs 1,421 crore in the…
Borosil Renewables has moved to exit its German solar glass business, with its step-down subsidiary GMB Glasmanufaktur Brandenburg GmbH filing for insolvency, as the company shifts focus to the fast-growing Indian solar glass market.In a regulatory filing, Borosil said GMB has applied for the commencement of insolvency proceedings before the Insolvency Court in Cottbus, Germany,…
India is actively negotiating bilateral investment treaties (BITs) with more than a dozen countries, including Saudi Arabia, Qatar, Israel, Oman, the European Union, Switzerland, Russia, and Australia, a senior government official said.Talks are also underway with Tajikistan, Cambodia, Uruguay, Maldives, Switzerland, and Kuwait, with some treaties likely to be finalised and announced in the next…
This is an AI-generayed image, used for representational puposes only. Public sector banks (PSBs) are set to recruit around 50,000 personnel in the ongoing financial year, with nearly 21,000 officer-level appointments, as lenders look to expand operations and boost customer services. The bulk of the recruitment drive will be led by the State Bank of…
This is an AI-generated image, used for representational purposes only. India’s pharmaceutical sector is likely to record a steady 11 per cent year-on-year growth in both sales and EBITDA for the first quarter of FY26, supported by sustained market traction across geographies, a new report by Kotak Institutional Equities has said. However, the report warned…