DIRS.INFO The most relevant business & tech news

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

☆ Brazil needs to review accession to ICC, own judiciary to decide on Putin: Lula
▼ + stars: | 2023-09-11 | by ( Nidhi Verma | ) www.reuters.com time to read: +2 min

Brazil's President Luiz Inacio Lula da Silva looks on during a press conference at a hotel after the G20 Summit, in New Delhi, India, September 11, 2023. REUTERS/Anushree Fadnavis Acquire Licensing RightsSept 11 (Reuters) - Brazil's president said on Monday there was a need to review the country's accession to the International Criminal Court when nations like the U.S., China and India had not done so. It would be up to Brazil's judiciary to decide whether Russian President Vladimir Putin would be arrested if he attends next year's G20 summit in the South American country, President Luiz Inacio Lula da Silva told reporters in New Delhi. "I want to know why the U.S, India and China didn't sign the ICC treaty and why our country signed it," Lula said. "If Putin decides to join (next year's summit), it is the judiciary's power to decide (on a possible arrest) and not my government," Lula said.

Persons: Luiz Inacio Lula da Silva, Anushree, Vladimir Putin, Lula, Putin, Sergei Lavrov, Nidhi Verma, Shilpa Jamkhandikar, Muralikumar Anantharaman, Raju Gopalakrishnan Organizations: REUTERS, International Criminal Court, ICC, Thomson Locations: New Delhi, India, U.S, China, American, Ukraine, Russia, Brazil, Rome, Bali and New Delhi, Rio de Janeiro

☆ What has changed in Iran one year since Mahsa Amini protests erupted?
▼ + stars: | 2023-09-11 | by ( Parisa Hafezi | ) www.reuters.com time to read: +5 min

A photo of Mahsa Amini is pictured at a condolence meeting organised by students and activists from Delhi University in support of anti-regime protests in Iran following the death of Mahsa Amini, in New Delhi, India, September 26, 2022. Protests began soon after the Sept. 16 death of Kurdish Iranian woman Mahsa Amini, 22, who had been arrested by morality police three days earlier for allegedly violating Iran's mandatory Islamic dress code. But as the protests fizzled they returned to streets and surveillance cameras were installed to identify and penalise unveiled women. Outside Iran, Western countries imposed new sanctions on security forces and on dozens of Iranian officials over the protests, further straining already difficult ties. Journalists, lawyers, activists, students, academics, artists, public figures and family members of killed protesters, especially among ethnic minorities, have been targeted in recent weeks.

Persons: Mahsa, Anushree, Mahsa Amini, Saqez, Amini's, Ayatollah Ali Khamenei, Amini, penalise, Parisa Hafezi, Angus McDowall, William Maclean Organizations: Delhi University, REUTERS, Rights, schoolgirls, Authorities, Security, Revolutionary Guards, Journalists, Thomson Locations: Iran, New Delhi, India, Rights DUBAI, Tehran ., Islamic Republic, Baluchis, U.S, Israel

☆ Key takeaways from the 2023 G20 summit in New Delhi
▼ + stars: | 2023-09-10 | by ( Sanjeev Miglani | ) www.reuters.com time to read: +4 min

FILE PHOTO-A man walks past a model of the G20 logo outside a metro station ahead of the G20 Summit in New Delhi, India, September 4, 2023. The entry of the AU would provide greater voice to the Global South within the G20 where the G7 countries have long played a dominant role. The deliberations of the G20 were being closely watched ahead of the COP28 U.N climate summit in the United Arab Emirates later this year. Modi's image has been on G20 billboards across the capital and in the vast and swanky new conference venue. To his supporters the successful outcome of the summit showed India's big moment had arrived.

Persons: Anushree, Joe Biden, Biden, MODI, Narendra Modi, Sanjeev Miglani, Kim Coghill Organizations: REUTERS, World Bank, Union, Diplomats, Host, European Union, U.S, Washington, United Arab, AS, Indian, India, Thomson Locations: New Delhi, India, DELHI, Ukraine, UKRAINE, Russia, Brazil, Indonesia, South Africa, China, Saudi Arabia, Iran, Beijing, SAUDI, United States, East, South Asia, Europe, United Arab Emirates

☆ Japan PM says he plans cabinet reshuffle, 'drastic' economic measures
▼ + stars: | 2023-09-10 | by ( Kiyoshi Takenaka | ) www.reuters.com time to read: +2 min

Japanese Prime Minister Fumio Kishida attends a press conference, on the second day of the G20 summit, in New Delhi, India, September 10, 2023. REUTERS/Anushree Fadnavis Acquire Licensing RightsSept 10 (Reuters) - Japanese Prime Minister Fumio Kishida said he plans to reshuffle his cabinet as early as Wednesday, and will compile a package of "drastic" economic measures soon after to boost the country's fragile recovery. "On economic measures, I want them to protect the people's lives from price hikes and to reinforce the trend of wage increases and investment expansion. Kishida said last month that he planned to compile a package of economic measures in September. I feel now that such understanding has spread further," Kishida told the press conference.

Persons: Fumio Kishida, Anushree, Kishida, Kiyoshi Takenaka, Hugh Lawson, Kim Coghill Organizations: REUTERS, Thomson Locations: New Delhi, India, Ukraine, Russia, Indonesia, Japan, China

The G20 logo is shown ahead of G20 Summit, in New Delhi, India, September 8, 2023. REUTERS/Anushree Fadnavis Acquire Licensing RightsNEW DELHI, Sept 9 (Reuters) - The African Union was made a permanent member of the G20, comprising the world's richest and most powerful countries, Indian Prime Minister Narendra Modi said at the bloc's summit in New Delhi on Saturday. The African Union, a continental body of 55 member states, now has the same status as the European Union - the only regional bloc with a full membership. "Honoured to welcome the African Union as a permanent member of the G20 Family. Reuters earlier cited the draft declaration admitting the African Union as a permanent member.

Persons: Anushree, Narendra Modi, Modi, Azali Assoumani, Chris Thomas, Jacqueline Wong, Kim Coghill Organizations: G20, REUTERS, African, Indian, European Union, Union, Twitter, Reuters, Thomson Locations: New Delhi, India, DELHI, African Union, Ukraine

☆ China think tank says India is 'sabotaging' G20 for its own agenda
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +3 min

A man walks past a model of the G20 logo outside a metro station ahead of the G20 Summit in New Delhi, India, September 4, 2023. The think tank accused India of bringing geopolitical "private goods" onto the global stage, which it said would not only help the country to fulfill its responsibility as the host of G20 but also create further problems. India held two earlier G20 meetings in disputed territories -- one in Arunachal Pradesh that China also claims, and another in Kashmir, contested by Pakistan. the think tank said in a commentary published on its Wechat account. Last Sunday, reacting to news that Xi would not attend the G20 summit, U.S. President Biden said he was "disappointed" but would "get to see him".

Persons: Anushree, Xi Jinping, Narendra Modi, Li Qiang, Xi, Biden, Kevin Yao, Kim Coghill Organizations: REUTERS, Rights, China Institute of Contemporary International Relations, Ministry of State Security, Pakistan, Thomson Locations: New Delhi, India, Rights BEIJING, India's, Arunachal Pradesh, China, Kashmir, U.S, United States, Beijing, Heilongjiang

☆ India PM Modi says G20 leaders' declaration adopted
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +1 min

A giant screen displays India's Prime Minister Narendra Modi at the International Media Centre, as he sits behind the country tag that reads "Bharat", while delivering the opening speech during the G20 summit in New Delhi, India, September 9, 2023. REUTERS/Anushree Fadnavis Acquire Licensing RightsNEW DELHI, Sept 9 (Reuters) - Indian Prime Minister Narendra Modi said on Saturday that the G20 had reached a consensus on a leaders' declaration and announced its adoption during the first day of its annual summit. "On the back of the hard work of all the teams, we have received consensus on the G20 Leaders Summit Declaration," Modi told the bloc leaders in New Delhi, before clapping the table for a few seconds in celebration. "I announce the adoption of this declaration," Modi said, flanked by India Foreign Minister Subrahmanyam Jaishankar and Finance Minister Nirmala Sitharaman. The announcement came after delegates from the world's most powerful countries reached a compromise on language to describe the war in Ukraine, Reuters reported earlier.

Persons: Narendra Modi, Anushree, Modi, Subrahmanyam Jaishankar, Nirmala Sitharaman, Chris Thomas, Jacqueline Wong, Kim Coghill Organizations: International Media Centre, REUTERS, Indian, India Foreign, Reuters, Thomson Locations: New Delhi, India, DELHI, Ukraine, Russia

☆ Modi uses 'Bharat' for G20 nameplate, not India, amid name-change row
▼ + stars: | 2023-09-09 | by ( Tanvi Mehta | ) www.reuters.com time to read: +2 min

A giant screen displays India's Prime Minister Narendra Modi at the International Media Centre, as he sits behind the country tag that reads "Bharat", while delivering the opening speech during the G20 summit in New Delhi, India, September 9, 2023. India is also called Bharat, Bharata, Hindustan - its pre-colonial names - in Indian languages and these are used interchangeably by the public and officially. As Modi declared the summit in New Delhi open on Saturday, he sat behind a table nameplate that read "Bharat", while the G20 logo had both names - "Bharat" written in Hindi and "India" in English. Speaking in Hindi, the language spoken by a majority of the population, Modi said "Bharat welcomes the delegates as the President of the G20". While some supporters of the name Bharat say "India" was given by British colonisers, historians say the name predates colonial rule by centuries.

Persons: Narendra Modi, Anushree, Narendra Modi's, Bharat, Droupadi Murmu, Modi, Tanvi Mehta, YP Rajesh, Jacqueline Wong Organizations: International Media Centre, REUTERS, South, Bharat, Rashtriya Swayamsevak Sangh, Bhartiya Janata Party, BJP, Developmental Inclusive Alliance, YP, Thomson Locations: New Delhi, India, DELHI, Bharata, Hindustan, British, INDIA

☆ G20: Highlights from the first day of the Delhi summit
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +3 min

The G20 logo is shown ahead of G20 Summit, in New Delhi, India, September 8, 2023. REUTERS/Anushree Fadnavis Acquire Licensing RightsSept 9 (Reuters) - The G20 has adopted a consensus declaration on issues facing the bloc, Indian Prime Minister Narendra Modi announced on Saturday during a summit, signalling that negotiators had resolved deep differences over the wording on the war in Ukraine. Following are excerpts from the declaration. UKRAINE- Concerning war in Ukraine, all states must act in a manner consistent with purposes and principles of UN charter in its entirety- On war in Ukraine, all states must refrain from threat or use of force to seek territorial acquisition against territorial integrity and sovereignty or political independence of any state- On war in Ukraine, use or threat of use of nuclear weapons is inadmissible- On Ukraine crisis, "there were different views and assessments of the situation"- Peaceful resolution of conflicts, and efforts to address crises as well as diplomacy and dialogue are critical- "Today’s era must not be of war." GRAIN/FOOD/ENERGY SECURITY- Call on Russia and Ukraine to ensure immediate and unimpeded deliveries of grain, foodstuffs, and fertilizers/inputs from Russia and Ukraine- Emphasizing importance of sustaining food and energy security, called for cessation of military destruction or other attacks on relevant infrastructure- Potential for high levels of volatility in food and energy markets remainsECONOMIES AND FINANCIAL MARKETS- "Will protect the vulnerable, through promoting equitable growth and enhancing macroeconomic and financial stability"- Reaffirm April 2021 exchange rate commitment made by our finance ministers and cenbank governors- We endorse financial stability board’s high-level recommendations for regulation, supervision and oversight of crypto-assets, activities- Our finance ministers, central bank governors will discuss taking forward the cryptocurrency roadmap at their meeting in October- Renew our commitment to ensure a level-playing field and fair competition by discouraging protectionism, market distorting practicesCLIMATE CHANGE- Need to accelerate efforts to phasedown unabated coal power, in line with national circumstances- Will work towards facilitating low-cost financing for developing countries to support their transition to low carbon/emissions- Will pursue and encourage efforts to triple renewable energy capacity globally through existing targets and policies, in line with national circumstances by 2030- Reiterate our commitment to take action to scale up sustainable finance- Recognise need for increased global investments to meet our climate goals of the Paris agreement- Note need of $5.8-5.9 trln in pre-2030 period required for developing countries, in particular for their needs to implement their emission targetsCompiled by Kim Coghill, Global News Desk, SingaporeOur Standards: The Thomson Reuters Trust Principles.

Persons: Anushree, Narendra Modi, Kim Coghill Organizations: G20, REUTERS, Indian, UN, Global, Thomson Locations: New Delhi, India, Ukraine, UKRAINE, Russia, Paris, Singapore

☆ India's Tibetan refugees demand discussion on Tibet during G20 summit
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

[1/6] Members of the Tibetan community show hands painted with the words "Free Tibet" at their refugee colony in Majnu ka Tilla ahead of the G20 summit in New Delhi, India, September 8, 2023. Global leaders have started descending upon India's national capital for the summit, including U.S. President Joe Biden, British Prime Minister Rishi Sunak, and Italian Prime Minister Giorgia Meloni. China President Xi Jinping will not be attending the gathering and will instead be represented by Prime Minister Li Qiang. "We place a demand before our Prime Minister Narendra Modi and other global leaders to discuss Tibet during the G20 summit," he said. China sent troops into Tibet in 1950, terming the act a "peaceful liberation", and has ruled the remote, mountainous country ever since.

Persons: Anushree, Joe Biden, Rishi Sunak, Giorgia Meloni, Xi Jinping, Li Qiang, Dhundup, Narendra Modi, Sakshi Dayal, Kim Coghill Organizations: REUTERS, Global, British, Italian, Tibetan Youth Congress, Reuters, Thomson Locations: New Delhi, India, DELHI, China, Tibet, Beijing, Pragati Maidan

In top consumer China, premiums climbed to as high as $55 an ounce over global spot prices this week, traders said, from $20-$38 last week. The policy-measures to support the economy are expected boost physical gold demand, said Peter Fung, head of dealing at Wing Fung Precious Metals. Official data on Thursday also showed that the People's Bank of China increased its gold holdings to 69.62 million fine troy ounces at end-August. Local gold prices were trading around 59,200 rupees per 10 grams on Friday, up nearly 2% in three weeks. In Japan, where domestic gold rates were trading at record levels this week, dealers charged $0.5 premiums.

Persons: Peter Fung, Bernard Sin, Harshad Ajmera, JJ, Anushree Mukherjee, Swati Verma, Rajendra Jadhav, Maju Samuel Organizations: Chinatown, Metals, People's Bank of China, U.S ., MKS, JJ Gold, Traders, Rajendra, Thomson Locations: China, Japan, India, Greater China, Kolkata, Local, Hong Kong, Singapore, Tokyo, Bengaluru, Mumbai

☆ Delhi removes hundreds of stray dogs from streets as G20 nears
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: 1 min

[3/14]A caretaker carries a stray dog at an animal shelter at Bijwasan in New Delhi, India, September 6. The national capital territory of Delhi has over 60,000 stray dogs, according to government data, which are fed and doted upon by many of its 20 million residents, but instances of them attacking people are not uncommon. REUTERS/Anushree FadnavisNEW DELHI, India

Organizations: REUTERS Locations: Bijwasan, New Delhi, India, Delhi, DELHI

[1/5] A Municipal Corporation of Delhi (MCD) official catches a stray dog using a rod with a loop, near Indira Gandhi International Airport ahead of the G20 summit in New Delhi, India, September 5, 2023. The Municipal Corporation of Delhi (MCD) did not directly link the removal of stray dogs to the summit, stating that the canines are being picked up "only on an urgent need basis". Reuters' witnesses saw MCD teams capturing dogs using rods with a loop at one end. Sanjay Mohapatra, founder of the House of Stray Animals NGO, termed the action "needless". "If delegates see people feeding stray dogs, it will actually create a good impression of the country," he said.

Persons: Anushree, Joe Biden, Rishi Sunak, Prince Mohammed Bin Salman, Justin Trudeau, Fumio Kishida, Ambika Shukla, Sanjay Mohapatra, Friendicoes, Geeta Seshamani, Anushree Fadnavis, Sakshi Dayal, Raju Gopalakrishnan Organizations: Municipal Corporation of Delhi, Indira Gandhi, Airport, REUTERS, Authorities, U.S, British, Canadian, Japanese, Reuters, Animals, Stray Animals, Thomson Locations: New Delhi, India, DELHI, Delhi, Saudi

☆ G20 set to grant membership to African Union - sources
▼ + stars: | 2023-09-07 | by ( Carien Du Plessis | ) www.reuters.com time to read: +3 min

A man walks past a model of the G20 logo outside a metro station ahead of the G20 Summit in New Delhi, India, September 4, 2023. REUTERS/Anushree Fadnavis/File Photo Acquire Licensing RightsJOHANNESBURG/NEW DELHI, Sept 7 (Reuters) - The Group of 20, comprising the world's richest and most powerful countries, will grant membership to the African Union, sources said on Thursday. The South African official, who did not want to be named before the decision was made public, however said that there was still a possibility that someone might veto the resolution. South African presidential spokesperson Vincent Magwenya said: "We wouldn't comment now until the official announcement or post the summit." Countries including Germany, Brazil, South Africa and Canada have also voiced support for African Union membership.

Persons: Anushree, Narendra Modi, Modi, Vincent Magwenya, Carien du, Clarence Fernandez, Raju Gopalakrishnan, Alex Richardson Organizations: REUTERS, Rights, African Union, African, European Union, AU, Reuters, South, Indian, Thomson Locations: New Delhi, India, Rights JOHANNESBURG, DELHI, African Union, South Africa, Brazil, Delhi, Germany, Canada, Carien du Plessis, Johannesburg, Akanksha, Bengaluru

☆ Monkey business: Delhi gets cutouts of langurs to ease menace during G20
▼ + stars: | 2023-08-31 | by ( Sakshi Dayal | ) www.reuters.com time to read: +2 min

A cut-out of a langur is tied to a fence alongside a road to scare away monkeys, ahead of the G20 Summit in New Delhi, India, August 30, 2023. In addition, the authority has started providing food to monkeys in forested areas to ensure they do not wander beyond the boundaries. "We started placing these cutouts in the city over the last one week and are already seeing a positive impact. This is not the first time New Delhi has turned to langurs to resolve its monkey problem during a major international event. Live langurs were rented and put on duty when the Commonwealth Games were held in the city in 2010.

Persons: Anushree, spoilsport, Satish Upadhyay, Upadhyay, langurs, Sakshi Dayal, Raju Gopalakrishnan Organizations: REUTERS, DELHI, New, New Delhi Municipal Council, Commonwealth Games, Thomson Locations: New Delhi, India, Delhi

But Indian billionaire Mukesh Ambani snatched IPL rights away in a $2.9 billion bid last year, and then streamed games for free. Soon, Disney subscribers fled - out of 61 million users in October, roughly 21 million had left by July. It retains digital streaming rights but last year licensed the TV broadcast rights to Indian's Zee Entertainment (ZEE.NS) for around $1.5 billion, a source said. In the United States, ad-free Disney+ streaming service subscription rates are set to rise by 27% to $13.99 per month. By contrast in India, Disney+ Hotstar service costs $3.62 a month.

Persons: Anushree, India's Ambani Hotstar, Walt Disney, Disney, Mukesh Ambani, That's, JioCinema, Sivanandan, Daoud Jackson, Bob Iger's, Nancy Lee, Ambani, Aditya Kalra, Munsif, Dawn Chmielewski, Muralikumar Organizations: ICC Men's Cricket, REUTERS, Companies Disney India, Century Fox, Indian Premier League, Disney, Reuters, Asia, Cricket, Indian's Zee Entertainment, IPL, Blume Ventures, Hotstar, Staff, Media Partners, Netflix, JioCinema, Thomson Locations: Gurugram, India, Burbank, Disney India, United States, New Delhi, Bengaluru, Dawn, Los Angeles

☆ G20 agrees to work on WTO reforms ahead of key meet early next year
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

[1/2] A man walks past a model of G20 logo outside the finance ministry in New Delhi, India, March 1, 2023. Under President Joe Biden, Washington has resisted calls by WTO members to approve appointments and has instead been leading negotiations on how to reboot the WTO's paralysed dispute mechanism. Proposed reforms would include having a well-functioning Dispute Settlement System accessible to all members by 2024, as per the statement. At the Rajasthan meeting, G20 members also agreed to improve WTO functioning and strengthen trust in the multilateral trading system. The G20 takes in countries conducting over 75% of global trade and is presently functioning under Indian presidency.

Persons: Anushree, Piyush Goyal, Donald Trump's, Joe Biden, Washington, Shivangi Acharya, Manoj Kumar, Mark Heinrich Our Organizations: REUTERS, DELHI, World Trade Organization, WTO, Thomson Locations: New Delhi, India, Abu Dhabi, Rajasthan

[1/2] People and supporters of India's ruling Bharatiya Janata Party (BJP) celebrate the Chandrayaan-3 spacecraft's landing on the moon at an event organised near India Gate in New Delhi, India, August 23, 2023. "The Ch-3 Rover ramped down from the Lander and India took a walk on the moon!" the Indian Space Research Organisation (ISRO) said in a post on X, formerly Twitter. Indian newspapers had banner headlines screaming "The moon is Indian", "India goes where no nation's gone before", and "India lights up the dark side of the moon", among others. "Lunar landing is the most significant Indian scientific achievement," the Times of India said in an editorial.

Persons: India's, Anushree, Russia's Luna, Somanath, Narendra Modi, Modi, YP Rajesh, Sakshi Dayal, Gerry Doyle, Toby Chopra Organizations: Bharatiya Janata Party, BJP, REUTERS, DELHI, Rover, Indian Space Research Organisation, Twitter, ISRO, Reuters, YP, Thomson Locations: India, New Delhi, Lander, Chandrayaan, Johannesburg

Here, workers in black uniforms churn out a brand-new electric scooter every 90 seconds, while executives review the company’s skyrocketing sales. Mehta is the 33-year-old CEO of Ather Energy, an electric scooter manufacturer that has enjoyed a recent explosion of demand. “That’s an incredible jump.”The push has been fueled by strong state support, particularly through a policy known as “FAME,” or the Faster Adoption and Manufacturing of Electric Vehicles. Electric two-wheelers on display at the Hero Electric Vehicles headquarters in Gurgaon, India, in 2021. BluSmart is an Indian ride-hailing startup that uses an all-electric fleet, relying heavily on charging infrastructure.

Persons: Tarun Mehta, Mehta, ” Mehta, pedaling, MotoCorp, ”, Brajesh Chhibber, “, Bain, That’s, Anindito Mukherjee, Anmol Singh Jaggi, Fadnavis, Chhibber, ” Chhibber, Jaggi Organizations: India CNN —, Ather Energy, “, CNN, McKinsey, Manufacturing of Electric Vehicles, EV, Economic, Ministry of Heavy Industries, Hero Electric Vehicles, Bloomberg, Getty, ” Locations: Hosur, India, Indian, Bangalore, New Delhi, Delhi, Gurgaon, Gurugram

☆ India's Jio launches Netflix subscription on prepaid plans
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

[1/2] A man walks across the LED board showing the logo of Jio at the ongoing India Mobile Congress 2022, at Pragati Maidan, in New Delhi, India, October 3, 2022. REUTERS/Anushree Fadnavis/File Photo Acquire Licensing RightsAug 18 (Reuters) - Reliance Jio Infocomm, the telecom arm of Indian billionaire Mukesh Ambani's Reliance Industries (RELI.NS), said on Friday it has launched a Netflix subscription on prepaid plans. Jio said that around 400 million prepaid customers will get the option of availing a Netflix subscription through two packages, one priced at 1,099 rupees ($13.23), which will give access to Netflix on mobile platforms, and the other for 1,499 rupees, providing access to a basic package for large screens. Jio's peers, Bharti Airtel (BRTI.NS) and Vodafone Idea (VODA.NS), provide subscription to the Disney+ Hotstar streaming service through prepaid bundled plans. ($1 = 83.0797 Indian rupees)Reporting by Ashna Teresa Britto; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Anushree, Mukesh, Jio, Tony Zameczkowski, Ashna Teresa Britto, Sonia Cheema Organizations: Mobile, REUTERS, Reliance Industries, Netflix, Bharti Airtel, Vodafone, Disney, Jio, Thomson Locations: Pragati, New Delhi, India

☆ 'Unrealistic' global offshore wind expansion target would require $27 billion by 2026, says Wood Mackenzie
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Violeta Santos Moura/File Photo Acquire Licensing RightsCompanies Wood Mackenzie Ltd FollowAug 17 (Reuters) - Government targets to increase wind power installations would see annual capacity additions reach 80 gigawatts (GW) per year by 2030, requiring $100 billion in secured investment in the supply chain by 2026, Wood Mackenzie said in a report. The research and consultancy firm forecast annual capacity is more likely to increase by 30 gigawatts (GW) a year by 2030, which would require $27 billion of secured investment by 2026. "The supply chain is struggling to scale up and will be an impediment to achieving decarbonisation targets if change does not happen," said Chris Seiple, vice chair, power and renewables at Wood Mackenzie. Wood Mackenzie noted that the low profit margins on offshore wind production and uncertainty about project timings resulting in very different supply-chain needs are making it hard to drum up investment in the sector. Target setting and plans for power market infrastructure to support offshore wind need to extend beyond 2030 to scale up the offshore wind supply chain, analysts at Wood Mackenzie said.

Persons: Violeta Santos Moura, Wood Mackenzie, gigawatts, Chris Seiple, Seiple, Anushree Mukherjee, Susan Fenton Organizations: REUTERS, Wood, World Energy, Thomson Locations: Viana, Castelo, Portugal, Wood, Bengaluru

☆ Electric vehicle premiums will ride high in India
▼ + stars: | 2023-08-14 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

Mahindra Funster electric concept SUV is on display after it was unveiled at the India Auto Expo 2020 in Greater Noida, India, February 5, 2020. Singapore's Temasek handed Anand Mahindra’s EV business a punchy valuation of up to $9.8 billion this month. The $23 billion Mumbai-listed Mahindra & Mahindra (MAHM.NS) generates most of its top line from its sprawling autos business churning out everything from commercial vehicles to three wheelers. It follows the sale of up to 4.8% to British International Investments, the UK's development finance institution, at a $9.1 billion valuation in July last year. True, Temasek's valuation of the EV business depends on the latter hitting undisclosed milestones.

Persons: Kumar Rakesh, It’s, Maruti Suzuki, Una Galani, Katrina Hamlin Organizations: Mahindra, India, REUTERS, Reuters, Singapore's Temasek, Anand, Temasek, British International Investments, BNP, Tata Motors, TPG, HK, China’s MG Motors, Maruti, India’s, India’s Mahindra, British International Investment, Thomson Locations: Greater Noida, India, BENGALURU, Mumbai, China, EVs, Temasek

☆ California grid warns heat wave will stoke power demand
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

High tension power lines with winter storm clouds behind them are seen in Sacramento County following multiple winter storms in Sacramento, California, U.S. January 9, 2023. REUTERS/Fred GreavesCompanies California Independent System Operator Corporation FollowAug 13 (Reuters) - California's Independent System Operator (ISO) warned of high temperatures and increased electricity usage during the coming week as the grid operator prepares for tight conditions works to ensure adequate supply. In a notice released on Saturday, ISO said it is closely monitoring the power grid as widespread heat waves can cause supply shortages, with resources stretched thin across multiple Western states. But if weather or grid conditions worsen, it may issue emergency notifications to secure additional resources, and prepare for potential shortages and conservation. Current demand stood at 35,472 megawatts as of Sunday evening in California, compared with an available capacity of 43,873 MW, the ISO website showed.

Persons: Fred Greaves, Anushree Mukherjee, Swati Verma, Gerry Doyle Organizations: REUTERS, Fred Greaves Companies, Thomson Locations: Sacramento County, Sacramento , California, U.S, Fred Greaves Companies California, California, Bengaluru

The Deloitte company logo is seen at their office in Gurugram, India, June 13, 2023. The auditor's resignation has brought fresh scrutiny of the financial management at Adani Group, led by Indian billionaire Gautam Adani. "The Audit Committee (of Adani Ports) was of the view that the grounds advanced by Deloitte for resignation as Statutory Auditor were not convincing or sufficient to warrant such a move," it said. Adani Ports has named MSKA & Associates, an independent member firm of BDO International, as its new auditor, it said in the statement. Deloitte in May first pointed to certain transactions flagged by Hindenburg in its report and gave only a qualified opinion related to Adani Ports, indicating concerns by a company's auditor.

Persons: Anushree, Gautam Adani, Hindenburg, Aditya Kalra, Ros Russell Organizations: Deloitte, REUTERS, U.S, Adani Group, GQG Partners, Sanghi Industries, Associates, BDO International, Thomson Locations: Gurugram, India, Adani Ports, Australia, New Delhi

Search resuls for: "Anushree"

25 mentions found