DIRS.INFO The most relevant business & tech news

Ajay Bisaria, India's ambassador to Canada from 2020 to 2022, said the relationship is in a "de-escalation phase" following "quiet diplomacy". "This is not a thaw," an Indian foreign ministry official told Reuters. 'MODEST DE-ESCALATION'Officials in India and Canada spoke on condition of anonymity as they were not authorised to speak on the subject. The Indian foreign ministry did not respond to a request for comment. Canada's foreign ministry pointed to comments made by Foreign Minister Melanie Jolie on Oct. 30.

Persons: Narendra Modi, Justin Trudeau, Evan Vucci, Michael Kugelman, Ajay Bisaria, Hardeep Singh Nijjar, India's, Ottawa’s, Melanie Jolie, Jolie, Modi, Kugelman, Michael Bociurkiw, Krishn Kaushik, Steve Scherer, YP Rajesh, William Mallard Organizations: Indian, Canada, Bharat, DELHI, Mutual, South Asia Institute, Wilson Center, Reuters, Canadian, Foreign, Atlantic Council, YP, Thomson Locations: New Delhi, India, Canada, OTTAWA, Punjab, Delhi, Ottawa, Washington, China, Vancouver, Hardeep, Vienna

☆ Stock futures are little changed after the S&P 500's best week of 2023: Live updates
▼ + stars: | 2023-11-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

U.S. equity futures were flat on Sunday evening after the major averages capped their best week so far this year. S&P 500 futures ticked higher by 0.03% and Nasdaq 100 futures hovered below the flat line at 0.01%. November is the best-performing month for the S&P 500, according to the Stock Traders' Almanac. The S&P 500 has generated an average return of 7% from November through April since then, he said. Several other Fed officials are making public remarks later in the week as well, including New York Federal Reserve President and CEO John Williams, Atlanta Federal Reserve President Raphael Bostic, Richmond Federal Reserve President Thomas Barkin and Dallas Fed President Lorie Logan.

Persons: Dow, LPL, Adam Turnquist, Turnquist, Walt Disney, Wynn, Jerome Powell, Bharat Ramamurti, CNBC's, Lisa D, Cook, John Williams, Raphael Bostic, Thomas Barkin, Lorie Logan Organizations: Dow Jones, Nasdaq, Stock Traders, MGM Resorts, Occidental Petroleum, National Economic Council, New York Federal Reserve, Atlanta Federal Reserve, Richmond Federal, Dallas Fed Locations: Horton, Atlanta, Richmond

☆ October jobs report may signal top of the Fed's hiking cycle: Fmr. NEC Deputy Director Ramamurti
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOctober jobs report may signal top of the Fed's hiking cycle: Fmr. NEC Deputy Director RamamurtiBharat Ramamurti, Former NEC Deputy Director, joins 'Closing Bell Overtime' to talk the October jobs report.

Persons: Ramamurti Bharat Ramamurti Organizations: NEC

☆ Indian economy regains its swagger as China stumbles
▼ + stars: | 2023-11-03 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

New Delhi CNN —India’s economy is like an elephant. India’s economy is currently worth nearly $3.5 trillion, making it the world’s fifth largest. “India’s economy is comfortably placed to grow at an annual rate of at least 6% in the coming few years,” Barclays said. But even as India’s heft is increasing, it is far from recreating the economic miracle China unleashed decades ago. It will, no doubt — though it won’t be enough to shield the world economy should China’s economy stumble badly,” they added.

Persons: Narendra Modi, ”, Eswar Prasad, Modi, Prasad, Ludovic Marin, Mukesh Ambani’s, Gautam Adani’s, Willy Shih, Frederic Neumann, Justin Feng Organizations: New, New Delhi CNN, Economic, Cornell University, International Monetary Fund, China, Barclays, IMF, ” Barclays, Hindustan Times, Modi, bonanza, Unified, Bharat, Getty, Bank, Mukesh Ambani’s Reliance Industries, Apple, Harvard Business School, HSBC Locations: New Delhi, India, Switzerland, Davos, ”, ’, China, ” New Delhi, Sewri, Mumbai Bhushan, AFP, Beijing, Washington

☆ Malan won't blame coach Mott for England's dismal title defence
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Their only win in the tournament came against Bangladesh and Sunday's defeat at the hands of table-toppers India was their fourth successive loss. "It has been frustrating from a players' point of view because we know we're better than that." "We've played six games now and we've not been anywhere near where we wanted to be so it is disappointing from that point of view," Malan said. "I'm pretty sure I'll be done for that but I'd love the guys to play in that," Malan said. "Hopefully we can find the momentum and finish the World Cup on a high."

Persons: Bharat Ratna, Atal Bihari, England's Dawid Malan, India's Mohammed Siraj, Andrew Boyers, Dawid Malan, Matthew Mott, Malan, We've, Amlan Chakraborty, Muralikumar Organizations: ICC Cricket, Atal Bihari Vajpayee Ekana Cricket, REUTERS, BBC Sport, Thomson Locations: India, England, Lucknow, DELHI, Bangladesh, Australia, Pakistan, New Delhi

☆ India win low-scoring contest to heap more misery on England
▼ + stars: | 2023-10-29 | by ( Saurabh Sharma | ) www.reuters.com time to read: +1 min

Rohit Sharma saved India's blushes with a captain's knock of 87 in what initially appeared a below-par total of 229-9 on a tricky surface at the Ekana Stadium in Lucknow. Put into bat, the hosts slumped to 40-3 in the 12th over before Rohit forged a 91-run partnership with KL Rahul (39) to arrest their slide. Suryakumar Yadav contributed a breezy 49 down the order and India's tailenders scored some useful runs towards the end to take them past the 225-mark. England were reduced to 52-5 inside 16 overs in a remarkable batting capitulation and were eventually bundled out for 129 in inside 35 overs with Mohammed Shami claiming 4-22 for India. Writing by Amlan Chakraborty in New Delhi; editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Bharat Ratna, Atal Bihari, India's Mohammed Shami, England's Moeen Ali, Adnan Abidi, Rohit Sharma, India's, Rohit, Suryakumar Yadav, India's tailenders, Mohammed Shami, Liam Livingstone's, Amlan Chakraborty, Pritha Sarkar Organizations: Cricket, ICC Cricket, Atal Bihari Vajpayee Ekana Cricket, KL Rahul REUTERS, England, KL, Thomson Locations: India, England, Lucknow, LUCKNOW, New Delhi

Indian Prime Minister Narendra Modi welcomes Canada Prime Minister Justin Trudeau upon his arrival at Bharat Mandapam convention center for the G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023. Canada on Thursday pulled out 41 diplomats from India, and had earlier paused trade treaty talks with India. India imports potash, lentils, and energy products such as coal, coke and briquettes among other goods from Canada. Bilateral trade between Canada and India touched $8 billion in 2022. Canada has invested more than $3.6 billion in India with over 40% of that being in services and infrastructure, according to Invest India.

Persons: Narendra Modi, Justin Trudeau, Evan Vucci, Hardeep Singh Nijjar, There's, Neha Arora, Nikunj, Mayank Bhardwaj, Raju Gopalakrishnan Organizations: Indian, Canada, Bharat, Invest India, Reuters, JSW Steel, Canada's Teck Resources, Thomson Locations: New Delhi, India, DELHI, Canada, Ottawa, Surrey, Vancouver, Canada's Teck

☆ India and Japan will be Asia's next power couple
▼ + stars: | 2023-10-19 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

Indian Prime Minister Narendra Modi welcomes Japan Prime Minister Fumio Kishida upon his arrival at Bharat Mandapam convention center for the G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023. Evan Vucci/Pool via REUTERS Acquire Licensing RightsBENGALURU, Oct 19 (Reuters Breakingviews) - India and Japan are edging closer. Prime Minister Narendra Modi and Prime Minister Fumio Kishida's governments form part of the so-called Quad security grouping with the United States and Australia to counter Chinese expansionism in Asia. Now the two countries are setting up an investment fund together. That’s delivering on a pledge by Kishida to invest 5 trillion yen, or some $42 billion, into India over the next five years.

Persons: Narendra Modi, Fumio Kishida, Evan Vucci, Fumio, Kishida, Wood Mackenzie, Sajjan Jindal, India’s, Lakshmi Mittal, JBIC, Una Galani, Thomas Shum Organizations: Indian, Japan, Bharat, REUTERS Acquire, Rights, Reuters, National Investment, Infrastructure Fund, Japan Bank, International Cooperation, Japan External Trade Organization, Nippon Telegraph, Telephone, Reuters Graphics, Teck Resources, Nippon Steel, ArcelorMittal, Japan Fund, Thomson Locations: New Delhi, India, Japan, United States, Australia, Asia, Reuters Graphics India, China, Russia, South, Teck, Indian

Reuters reported in July that Indian refiners began using yuan to pay for some oil from Russian sellers, while continuing to use dollars and dirhams to settle most of their Russian oil purchases. Indian refiners buy most of their Russian oil from traders, while making some direct purchases from Russian entities. State-run Indian Oil Corp (IOC.NS), the country's top refiner, has used yuan and other currencies to pay for Russian oil, Reuters reported previously. Private Indian refiners have continued to pay in yuan and other currencies for Russian oil imports, sources said, with most Indian purchases of Russian oil paid in dirham. Indian Oil, BPCL and HPCL and the country's oil and finance ministries did not immediately respond to Reuters' requests for comments.

Persons: Tatiana Meel, Nidhi Verma, Tony Munroe, Simon Cameron, Moore Organizations: REUTERS, European Union, Reuters, Gazprom Neft, Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum, Thomson Locations: Nakhodka Bay, Nakhodka, Russia, DELHI, India, Moscow, Ukraine, United States, dirhams, Gazprom, dirham, Hong Kong, China

Quite a few of the hospitals have seen a sudden influx of patients booked in for check-ups involving a night's stay to coincide with the most anticipated match of the World Cup. The Ahmedabad Hospitals and Nursing Homes Association has discouraged its members from accommodating such fans. India and Pakistan head into the showdown having both won their opening two matches at the tournament. The city has been declared a 'no-drone zone' on Saturday, and 11,000 security personnel will be deployed for the high-profile match, Ahmedabad police commissioner GS Malik said. On their first tour of India since the 2016 T20 World Cup, Pakistan were accorded a warm welcome in Hyderabad, where they played their first two matches.

Persons: Sardar Vallabhbhai Patel, Pakistan's Shaheen Shah Afridi, Amit Dave, Tushar Patel, Bharat Gadhavi, Hemish Patel, Patel, Airfare, Narendra Modi, Donald Trump, Anthony Albanese, GS Malik, Shaheen Afridi, Jasprit, Liyakat Khan, Samiya, Hasan Ali, Khan, Amlan Chakraborty, Ken Ferris Organizations: Cricket, ICC Cricket, Pakistan cricket team, India, India REUTERS, Ahmedabad Medical Association, Reuters, Nursing Homes Association, THREE, Control, BCCI, Australia, Pakistan, Asia, Indian Express, Thomson Locations: Ahmedabad, India, DELHI, AHMEDABAD, Pakistan, Indian, Mumbai, Hyderabad, Sri Lanka, New Delhi

"Most traffic issues occur because of non-line-of-sight scenarios," the government panel said in its 58-page draft, which is being reported for the first time by Reuters. "Most sensors do not work well in these scenarios and V2X fills the gap," it added, referring to the connected car technology commonly known as vehicle-to-everything (V2X). In Europe, the Euro NCAP rules recognise vehicle connectivity as a key milestone in crash avoidance and car ratings, the report added, while China and the United States are among the nations evaluating similar rules to improve safety. "With limitation for growth infrastructure there is a strong need to depend on technology to address challenges," the panel said in its report. The United States estimates introducing V2X connected vehicle technology could prevent at least 600,000 crashes a year.

Persons: Francis Mascarenhas, Bharat, V2X, Munsif, Aditi Shah, Aditya Kalra, Clarence Fernandez Organizations: REUTERS, Reuters, Reliance, Samsung, Qualcomm, Mahindra & Mahindra, Mahindra, carmakers, United, Thomson Locations: New Delhi, India, China, Europe, USA, DELHI, Indian, United States, Bengaluru

☆ U.S. ambassador insists America remains the top foreign policy actor in the Middle East
▼ + stars: | 2023-10-04 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Ambassador to the United Arab Emirates Martina Strong believes the U.S. is unequivocally the most important foreign policy actor in the Middle East. Her comments come roughly one year after President Joe Biden threatened "consequences" for Saudi Arabia after the OPEC kingpin slashed oil production along with its allies against Washington's wishes. Biden's administration has been notably quiet about recent OPEC+ output cuts, however, even as oil prices have rallied close to $100 a barrel. Saudi Arabia has recently shown signs of steering toward China and Russia after rekindling relations with Iran through Beijing-mediated talks and receiving an invitation to join the emerging economies' BRICS alliance. Asked by CNBC's Dan Murphy whether the U.S. remained the most important foreign policy actor in the region, Strong replied, "Absolutely.

Persons: United Arab Emirates Martina Strong, Joe Biden, Washington's, Biden's, CNBC's Dan Murphy, Strong, Saudi Arabia's Crown Prince, Mohammed bin Salman, Narendra Modi, Evelyn Hockstein Organizations: United Arab Emirates, U.S ., UAE, Saudi Arabia's Crown, India's, Bharat, Afp, Getty Locations: U.S, Saudi Arabia, Israel, China, Russia, Iran, Beijing, New Delhi

☆ Russian oil sold to India at 30% above Western price cap, traders say
▼ + stars: | 2023-09-28 | by ( Nidhi Verma | ) www.reuters.com time to read: +3 min

India, which is the world's third biggest oil importer, has become the top buyer of seaborne Russian oil, mainly Urals, since 2022 after Western sanctions against Moscow. Alternatives are much more expensive and not easily available," a trader familiar with the Russian oil market said. Russian Urals oil typically gives higher yields of diesel, which accounts for about two-fifths of India's overall refined fuel consumption. The Western price cap on Russian oil allows buyers to use Western services such as shipping and insurance in the event that crude trades below $60 per barrel. Russian oil is also now being sold to customers in new markets like Brazil, the Indian source said.

Persons: Tatiana Meel, Brent, HPCL Mittal, Nidhi Verma, Alexander Smith, Elaine Hardcastle Organizations: REUTERS, Moscow, Board, Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, Reliance Industries Ltd, Nayara Energy, Reuters, Thomson Locations: Nakhodka Bay, Nakhodka, Russia, Ukraine MOSCOW, DELHI, India, Moscow, Saudi Arabia, Baltic, Mangalore, Russian, Turkey, China, Bulgaria, Brazil, New Delhi

☆ India welcomes MotoGP: Monsoon rains, Bollywood superstars and a mystery monkey
▼ + stars: | 2023-09-27 | by ( Jonathan Hawkins | ) edition.cnn.com time to read: +13 min

First-placed Bezzecchi (C), second-placed Prima Pramac Racing's Spanish rider Jorge Martin (L) and third-placed Monster Energy Yamaha's French rider Fabio Quartararo pose on the podium after the Indian MotoGP Grand Prix. Last year Poncharal says he bumped into Dorna CEO Carmelo Ezpeleta, who told him about the potential interest in an Indian MotoGP Grand Prix. As at the G20, the MotoGP race branding also featured the name ‘Bharat,’ rather than India. Bezzecchi is third overall in the championship, 44 points behind Bagnaia after the Indian Grand Prix. “It has been an incredible experience and success for MotoGP to be in India for the first time,” said Ezpeleta.

Persons: India CNN —, Jorge Martin, Fabio Quartararo, Money Sharma, Pramac, Hervé Poncharal, Poncharal, Carmelo Ezpeleta, Prakash Singh, we’ve, Ikjot Singh Bhasin, ” Paolo Ciabatti, “, ” Ciabatti, it’s, ” Poncharal, Herve Poncharal, Jonathan Hawkins, Tissot, Bharat, Marco Bezzecchi, ”, Marc Marquez, Martin, ” Martin, I’m, ” KTM's Jack Miller, Jack Miller, ” Miller, there’s, ” Sebastian Vettel, Andrew Hone, “ I’m, –, Repsol, Suresh Raina, SHARMA, Pecco Bagnaia, Marquez –, Ranveer Singh, Yuvraj Singh, Shikhar Dhawan, Yogi Adityanath, Bezzecchi, Bagnaia, appreciatively, Yamaha’s Frenchman, ” Ikjot Singh Bhasin, don’t Organizations: India CNN, India CNN — Briefly, Buddh, Circuit, Formula One, Pramac, Energy, Getty, Racing, Prix, CNN Sport, Ducati Lenovo, Buddh Circuit, MotoGP, CNN, Ducati, YouTube, Honda, Sprint, Financial Times, Manufacturers, KTM, Husqvarna, Indian, One, India MotoGP Bharat Locations: Noida, Uttar Pradesh, India, New Delhi, East, Asia, South America, Kazakhstan, Delhi, Greater Noida, AFP, Yamaha’s, “

☆ Opinion: It’s not just about its colonial past. Here’s what India’s possible name change is all about
▼ + stars: | 2023-09-20 | by ( Opinion Akanksha Singh | ) edition.cnn.com time to read: +8 min

The idea, we Indians were told each time, was to allow the nation to make a clean break once and for all with its colonial past. The question on the minds of many people who follow events in India, is why any name change would be needed. It’s an opportunity to double down on India’s Hindu identity, even in the name by which it is called. The debate is a live one, however: Some disagree, saying that no amendment to the constitution would be needed to change India’s name. Do the country’s Indian Institutes of Technology become BITs?

Persons: Akanksha Singh, Singh, Droupadi Murmu, Bharat, Narendra Modi’s, Bharat ”, Modi, It’s, Akbar, Deen Dayal, Modi’s, Rahul Gandhi, Reserve Bank of India –, I’ve, ” Encouragingly Organizations: BBC, Independent, South China Morning Post, CNN, Mumbai CNN, Modi’s Bharatiya Janata Party, BJP, Bharat, Reserve Bank of India, Institutes of Technology, India, United Nations Locations: Mumbai, South China, India, Calcutta, Kolkata, Bombay, Madras, Chennai, Allahabad, Manipur

"India is important in Western calculations for balancing China, and Canada is not," said Stephanie Carvin, a professor of international relations at Ottawa's Carleton University. A free trade deal would be a "major political win" for both India and Britain, Bajpaee said. Reuters Graphics'WAITING GAME'White House national security adviser John Kirby said the United States was "deeply concerned" and encouraged Indian officials to cooperate in any investigation. Britain, the United States, Canada and others threw out more than 100 Russian diplomats to punish Moscow for an attack it has always denied carrying out. Canada has not made public the intelligence it has because there is an active murder investigation, the senior source said.

Persons: Narendra Modi, Justin Trudeau, Evan Vucci, Stephanie Carvin, Hardeep Singh Nijjar, James, Chietigj Bajpaee, Bajpaee, John Kirby, Trudeau, Kirby, Sergei Skripal, Yulia, Wesley Wark, Canada's, Richard Fadden, Steve Scherer, David Ljunggren, Andrew MacAskill, Jonathan Oatis Organizations: Indian, Canada, Bharat, Ottawa's Carleton University, Chatham House, Reuters Graphics, White House, Washington Post, week's, Centre for International Governance Innovation, Canadian Security Intelligence Service, CTV, Thomson Locations: New Delhi, India, Britain, China Canada, OTTAWA, Canada, United States, China, Ottawa, Australia, New Zealand, London, England, Moscow, Waterloo , Ontario

☆ Indian shares set to open lower with HDFC, Fed decision in focus
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

India's GIFT Nifty (.GIFc1) on the NSE International Exchange was down about 0.1% at 20,080.5 points, as of 8.20 a.m IST. HDFC Bank (HDBK.NS) on Monday said its gross non-performing assets will likely increase as of July 1, after its merger with HDFC. CPP had increased its investment in Indian markets to about $15 billion, as of the fiscal year ending March. Foreign investors sold 12.37 billion rupees ($148.64 million) worth of shares on a net basis on Monday, while their domestic counterparts bought 5.53 billion rupees worth of equity, according to stock exchange data. ($1 = 83.2230 Indian rupees)Reporting by Archishma Iyer in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Niharika Kulkarni, Archishma Iyer, Sonia Cheema Organizations: Bombay Stock Exchange, REUTERS, HDFC Bank, U.S . Federal, NSE, BSE, HDFC, Investors, Bharat Dynamics, IAF, Thyrocare, Tata Motors, Thomson Locations: Mumbai, India, Canada, Bengaluru

☆ There's 'absolutely still a chance' student-loan borrowers will get broad debt cancellation, AOC says — but 'you can thank a Republican' for payments restarting next month
▼ + stars: | 2023-09-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Rep. Alexandria Ocasio-Cortez told borrowers that student-debt relief "is not a done deal." She said there's still a chance for relief under the Higher Education Act. On Monday night, Ocasio-Cortez took to her Instagram story to answer questions about the current state of affairs in Congress — particularly a government shutdown — and what's next for student-loan borrowers. AdvertisementAdvertisement"There is absolutely still a chance of cancellation," she said on her Instagram story on Monday. Regardless of the hurdles the broad relief could face, a group of Democratic lawmakers want borrowers to see a reduction to their balances as soon as possible.

Persons: Alexandria Ocasio, Cortez, there's, —, what's, Joe Biden's, Biden, Bharat Ramamurti, Biden's Organizations: Higher, Service, Education Department, GOP, National Economic Council, Democratic Locations: Alexandria, Wall, Silicon

☆ 'A real big deal': Biden backs economic corridor as shifting geopolitical alliances fragment the global economy
▼ + stars: | 2023-09-18 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

This would in turn secure regional supply chains, boost trade connectivity and economic activity — all similar to objectives underpinning China's Belt and Road Initiative, a global infrastructure investment strategy that Beijing launched in 2013. - | Afp | Getty ImagesThis Biden-led initiative will comprise of two separate corridors, the east corridor connecting India to the Middle East and the northern corridor connecting the Middle East to Europe. Middle East influenceChina's BRI offers a glimpse into Biden's ambition and perhaps what his infrastructure pact will come up against. Debt risksEven then, China's 10-year head start offers some cautionary lessons for Biden's global infrastructure pact. "25% of debt of emerging markets is treading in distressed territory," IMF's Managing Director Kristalina Georgieva told CNBC on the sidelines of the Delhi G20 leaders' summit.

Persons: Crown Prince, Mohammed bin Salman, Narendra Modi, Joe Biden, Ludovic Marin, Recep Tayyip Erdoğan, Evan Feigenbaum, Emmanuel Macron, Joko Widodo, Luiz Inacio Lula da Silva, Gandhi, Biden, China's BRI, Beijing's BRI, Chong Ja Ian, Kristalina Georgieva, Janet Yellen, Chong, Modi Organizations: Saudi, Crown, India's, Bharat, Afp, Getty, Biden, Initiative, Carnegie Endowment, International, Brazil's, European Union, Democratic, Fudan University, for Economics, Business Research, Arab, United Arab, Bloomberg, IMF, National University of Singapore, Monetary Fund, World Bank, CNBC, Treasury, NUS, India, Shanghai Cooperation Organization Locations: New Delhi, Turkey, Delhi —, Beijing, U.S, Raj, India, East, Europe, UAE, Saudi Arabia, Jordan, Israel, Delhi, Democratic Republic of, Congo, Zambia, Lobito, Angola, Middle, Shanghai, London, China, United Arab Emirates, Washington, Saudi, Iran, People's Republic of China, New York, United States

☆ Canada says it has info linking India gov't agents to Sikh leader's murder
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

Indian Prime Minister Narendra Modi welcomes Canada Prime Minister Justin Trudeau upon his arrival at Bharat Mandapam convention center for the G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023. Evan Vucci/Pool via REUTERS/File photo Acquire Licensing RightsOTTAWA, Sept 18 (Reuters) - Canadian security agencies have been actively pursuing credible allegations of a potential link between Indian government agents and the murder of a Sikh leader in British Columbia in June, Prime Minister Justin Trudeau said on Monday. "Canada has declared its deep concerns to the top intelligence and security officials of the Indian government," Trudeau said in an emergency statement to the House of Commons. Trudeau said he had raised his concerns "personally and directly" to Indian Prime Minister Narendra Modi, at a Group of 20 summit last week in India, about the killing of Hardeep Singh Nijjar, who was shot dead outside a Sikh temple in Surrey, British Columbia, on June 18. Reporting by David Ljunggren; Editing by Mark Porter, William MacleanOur Standards: The Thomson Reuters Trust Principles.

Persons: Narendra Modi, Justin Trudeau, Evan Vucci, Trudeau, Hardeep Singh Nijjar, David Ljunggren, Mark Porter, William Maclean Organizations: Indian, Canada, Bharat, Rights, Thomson Locations: New Delhi, India, British Columbia, Canada, Surrey

☆ Less ethical US foreign policy requires new logic
▼ + stars: | 2023-09-18 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

Russia’s invasion of Ukraine and rising tensions with China are now driving U.S. foreign policy, and ethical considerations have taken a back seat. Even so, groups such as Amnesty International and Human Rights Watch are concerned. But the United States considers all to have poor records when judged against the Universal Declaration of Human Rights. While it may make sense for the United States to choose the lesser evil, it is now unclear what role human rights play in American foreign policy. Although he didn’t connect this idea to human rights, that seems to be part of the thinking.

Persons: Narendra Modi, Joe Biden, Evan Vucci, Biden, Antony Blinken, ”, Modi, Saudi Crown Prince Mohammed bin Salman, Blinken, It’s, Peter Thal Larsen, Thomas Shum Organizations: Indian, U.S, Bharat, REUTERS Acquire, Reuters, Amnesty, Human Rights, U.S ., Saudi Crown, Universal, United, United States, Reuters Graphics, Seven, Washington, Thomson Locations: New Delhi, India, Vietnam, Saudi Arabia, Ukraine, China, Asia, Beijing, Moscow, U.S, Hanoi, United States, Riyadh, Russia, United, East, Europe, Afghanistan, Iraq

☆ Indian shares set for cautious start; all eyes on Fed meeting
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

Bengaluru, Sept 18 (Reuters) - Indian shares are set to begin a holiday-truncated week on a cautious note as investors digested economic data from China and looked ahead to the U.S. Federal Reserve's policy meeting this week. India's GIFT Nifty (.GIFc1) on the NSE International Exchange was up 0.1% to 20,186.5 by 0755 IST. Separately, foreign investors bought 1.64 billion rupees ($19.74 million) worth of shares on a net basis on Friday, while their domestic peers bought 19.39 billion rupees worth of equity, according to stock exchange data. STOCKS TO WATCH** Bharat Electronics (BAJE.NS): Bharat Electronics receives orders worth 30 billion rupees** Axis Bank (AXBK.NS): Investment banking unit co-CEO Chirag Negandhi resigns** HFCL Ltd (HFCL.NS): HFCL received order worth 10.15 billion rupees. ** Tata Steel (TISC.NS): Reaches deal with UK government for investment in the UK steel industry.

Persons: Chirag Negandhi, HFCL, Sridhar Kalyanasundaram, Archishma Iyer, Sonia Cheema Organizations: U.S, NSE, Exchange, Bharat Electronics, Axis, Investment, Tata Steel, Dhanlaxmi, Thomson Locations: Bengaluru, China, U.S . Federal

☆ India's Aeroflex in talks to enter aerospace sector - executive
▼ + stars: | 2023-09-13 | by ( Hritam Mukherjee | ) www.reuters.com time to read: +2 min

BENGALURU, Sept 13 (Reuters) - India's Aeroflex Industries (AERO.NS), whose metal hoses are used in utilities, refineries and fire fighting equipment, is in talks to enter the aerospace sector, a top company executive said, aiming to capitalise on the country's burgeoning space program. "It is our aim that our products be a part of India's next space mission," Aeroflex Managing Director Asad Daud told Reuters in an interview last week. While HAL and BHEL are existing clients, the ongoing talks are a first for specific space-related projects, he said. Aeroflex expects its total revenue to increase by 35% in the next three to four years, with at least 5% coming from aerospace, Daud said. Aeroflex has three Chinese suppliers that, currently, meet 70%-75% of its needs for their coils.

Persons: Asad Daud, Daud, Aeroflex, Hritam Mukherjee, Dhanya Organizations: Aeroflex Industries, Reuters, Hindustan Aeronautics Ltd, HAL, Electricals, Indian Space Research Organisation, ISRO, Thomson Locations: BENGALURU, India, India's, China, Bengaluru

Although some analysts said the meeting showed few concrete results, his Bharatiya Janata Party (BJP) is now cashing in on Modi's enhanced image ahead of a series of state elections and national elections due by May 2024. In the run-up to the summit, Modi's face was plastered on G20 hoardings across the country. The BJP plans to highlight the "success of the summit" during fortnight-long celebrations of Modi’s birthday starting on Sunday, a party official said. Modi's contribution to India's rising global stature will be a key theme of a special five-day parliament session beginning next week, the official said. NATIONAL PRIDE"It’s really a fact that India's image has transformed under Prime Minister Modi," BJP vice president Baijayant Jay Panda told Reuters.

Persons: Narendra Modi, Anushree, Modi, Joe Biden, India's, Sanjay Kumar, psephologist, Baijayant Jay Panda, Yashwant Deshmukh, Jairam Ramesh, Ramesh, Manmohan Singh, Raju Gopalakrishnan Organizations: International Media Centre, REUTERS, BJP, Bharatiya Janata Party, New Delhi's, NATIONAL, Reuters, India Today, Thomson Locations: New Delhi, India, DELHI, Manipur

☆ IMF chief says new Biden-backed economic corridor should not exclude any countries
▼ + stars: | 2023-09-10 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

A more fragmented global economy though, has limited global trade growth — which now lags global economic growth. "What is important is to do it for the benefit of everybody, and not for exclusion of others," she said. "In that sense, I would encourage all countries working collaboratively with each other to do so in the spirit of integrated economy." Virtuous cycleIn reality, this Biden-backed economic corridor would add to existing infrastructure investment for the regions involved. "And I call on our members to strengthen the global financial safety net," Georgieva separately said Sunday in a press release, released shortly after the G20 summit formally ended.

Persons: Narendra Modi, Kristalina, Evan Vucci, The, Kristalina Georgieva, Joe Biden's, Georgieva, CNBC's Martin Soong, Biden, Modi Organizations: India's, Monetary Fund, Bharat, Afp, Getty, The Biden, International Monetary Fund's, Indian, European Union and, United Arab Emirates, Biden, CNBC, IMF Locations: New Delhi, India, Israel, Jordan, Saudi Arabia, U.S, Covid, Ukraine, Delhi

Search resuls for: "Bharat"

25 mentions found