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As Russia’s access to its traditional markets of exports and imports are hugely limited following its Ukraine invasion and the subsequent sanctions, Moscow is looking to develop new trade and investment relations with partners in Asia, including India, China and Southeast Asian countries, said Russian aluminium tycoon Oleg Deripaska. Speaking on the sidelines of 25th St. Petersburg International Economic Forum (SPIEF), also known as the ‘Russian Davos’, Mr. Deripaska, founder of RUSAL, one of the world’s largest aluminium producers, said there’s an understanding that “the new normal” would fundamentally change Russia’s economic reality. To facilitate such a shift, he said, Russia needed to create the same kind of infrastructure as it had built over the 12 years, from 1991 to 2003, with Europe. This includes setting up new logistics routes and related infrastructure, customs procedures, trade agreements, infrastructure for settlements, gaining access to debt capital markets and … [Read more...] about ‘India, Russia should have direct trade and investment agreements’

India has become a regular invitee at the G-7 Summits as the West is no longer in any doubt that India, under PM Narendra Modi’s leadership, needs to be a part of any sustained effort to solve the challenges being faced by the world, senior government officials told News18. PM Modi departs on Saturday for the G-7 Summit in Germany. India has participated in both the Biarritz Summit in 2019, which was in-person participation, and the Cornwall Summit in 2021, where India’s participation was in a virtual format. “As an active participant in many other divergent, plurilateral groupings like the Quad, I2U2, and BRICS, the Summit will further establish the indispensability of India in any noticeable North, South, or North-South platforms when it comes to searching for solutions and their implementation,” a senior government official told News18. The G7 are expected to discuss concrete initiatives and partnerships dedicated to climate, sustainable investment, global food security, … [Read more...] about Regular Invites for G7 Summits Under PM Modi Show India’s New Position in World Order: Govt Officials

The Indian women’s football team went down 1-4 against the USA U23 in their last encounter of the WU23 3-Nations tournament played at the Larods IP, Helsingborg in Sweden on Saturday, June 25, 2022. The Blue Tigresses created a flurry of chances and took the lead in the 8th minute, but the opponents picked up the win in the end, drawing level in the first half, before scoring three more on the other side of the lemon break. The first half began with a bang for the Indian side as Pyari Xaxa found the back of the net in the 8th minute as she pulled the trigger from long range after being fed the ball by Manisha Kalyan. However, the lead did not last long as Messiah Bright equalised about a minute later for USA. As the match opened up, both sides created chances as Indian custodian Aditi Chauhan was forced into a sharp save 13 minutes into the game. Megan Bornkamp flicked a header inside the box and Aditi collected it easily. ALSO READ | India Women Team Lose to Chile 1-3 in … [Read more...] about India Score First But Lose to USA 4-1 in Women’s U23 3-Nations Tournament

Toyota Motor Corp and Suzuki Motor Corp on Friday said they would begin production of hybrid vehicles in India, a category that Toyota has said is currently best suited to such markets. A Toyota plant in southern India would in August begin building a hybrid sport utility vehicle (SUV) developed by Suzuki, the companies said. Two power trains would be available, they said: one with a mild hybrid configuration from Suzuki and the other as a strong hybrid from Toyota. In a mild hybrid, the battery only assists the piston engine, without the all-electric mode available in a strong hybrid. Building the model is part of a broader partnership formed between the two Japanese automakers in 2017. It will be sold in India and exported to markets including Africa. Green investors have criticised Toyota, the world's largest carmaker by sales, for slowness in moving its product line-up to all-electric, battery electric vehicles (BEVs). But the company has argued that hybrids make more … [Read more...] about Toyota, Suzuki take hybrid route in India for local, global markets

Monsoons are here and so is our willingness to enjoy the diverse flora and fauna. The rains bring out a whole new vibrancy to some of the locations in the country that you may not be able to enjoy during other seasons. So let us take a look at some of the places you can visit to enjoy the monsoon weather: Konkan Coast The Western Ghats truly come alive during monsoons and are a must-visit. The shoreline running south from Mumbai all the way to Goa comprises a picturesque strip of the coast. Be ready to take pictures of postcard-esque beaches, fishing villages, and magnificent ruined forts. It is a perfect time to spend the summer vacations sans the sweltering heat. Kodaikanal If you do not want to go for the cliche Ooty vacation, try this misty hill station, 120 km northwest of Madurai in the Palani Hills. This is a more quaint and intimate location than Ooty. Kodaikana is well-known for its greenery, the cool climes and the slow pace one would expect in a hill station. You may … [Read more...] about 4 Destinations in India for a Perfect Monsoon Vacation

With the southwest monsoons inching ahead, rainfall deficit across India has narrowed down to 2% from 32% last week, improving reservoir storage in most parts of the country. Out of 143 reservoirs monitored by the Central Water Commission (CWC), 103 reservoirs have reported more than 80% normal storage so far. It is still less than 50% for as many as 19 reservoirs. As of June 23, seasonal rains have been in the excess to the tune of 32% for north-east, where it seems the worst is yet to be over. According to India Meteorological Department (IMD), isolated heavy rainfall is likely to continue over sub-Himalayan West Bengal and Sikkim, Arunachal Pradesh, Assam, Meghalaya, Nagaland, Manipur, Mizoram and Tripura for the next five days. The region, especially Assam and Meghalaya, have been battling severe floods, with the June rainfall breaking its previous records at several places. Imphal recorded 101mm rain on Thursday, breaching the 100mm rain mark for the second time in over a … [Read more...] about Rainfall Deficit Down to 2% as Monsoon Advances, Reservoir Capacity Improves Across States

Punjab’s Manisha Kalyan scored a rocket to help the Indian women’s football team get a 1-0 win over Jordan at the Prince Mohammad Stadium in Amman, Jordan on Saturday. This marked a successful trip for India where they won both their friendlies as they had defeated Egypt 1-0 on Wednesday. This trip was India’s first set of international games since the AFC Asian Cup 2022, where the team was withdrawn from the tournament following their inability to field players due to massive number of Covid-19 cases in the squad. IPL FULL COVERAGE | SCHEDULE | RESULTS | ORANGE CAP | PURPLE CAP Thomas Dennerby made three changes to the starting line-up from their first game against Egypt. Aditi Chauhan was back in the goal with the defence unchanged in Dalima Chhibber, Sweety Devi, Ashalata Devi and Sanju Yadav. The midfield had Ratanbala Devi, Martina Thokchom and Anju Tamang while the front three consisted of Dangmei Grance, Manisha and Sandhiya Ranganathan. In the first half of … [Read more...] about Manisha Kalyan’s Thunderous Strike Takes Indian Women’s Football Team to 1-0 Win vs Jordan

Online food delivery platform Zomato Ltd. on Friday said it will acquire Blink Commerce Pvt. Ltd. (formerly known as Grofers) for ₹4,447.48 crore in a share-swap deal as part of its strategy of investing in quick commerce business. The company's board at a meeting held on Friday has approved the acquisition of up to 33,018 equity shares of Blink Commerce Pvt. Ltd. from its shareholders for a total purchase consideration of ₹4,447.48 crore at a price of ₹13.45 lakh per equity share, Zomato said in a regulatory filing. Blink Commerce Pvt. Ltd. (BCPL) runs the online quick commerce service under the Blinkit brand. It was formerly known as Grofers. This transaction will be carried out through issuance and allotment of up to 62.85 crore fully paid-up equity shares of Zomato, having face value of ₹1 each at a price of ₹70.76 per equity share on a preferential basis, it added. The company already holds 1 equity share and 3,248 preference shares presently in BCPL, the filing said. … [Read more...] about Food delivery platform Zomato to acquire Blinkit in ₹4,447-cr. deal

Parameswaran Iyer, a senior bureaucrat who helmed Prime Minister Narendra Modi’s pet scheme, Swachh Bharat Abhiyan, will be the new Chief Executive Officer of the Niti Ayog. The Appointments Committee of Cabinet cleared his name for the post here on Friday. Mr. Iyer will get at least two years in the post. Mr. Iyer replaces Amitabh Kant, who completes his term in the office on June 30. A government order added that he will work on the same terms and conditions as were applicable for Kant. At present, Mr. Iyer functions as the Programme Manager of 2030 Water Resources Group, a platform hosted by the World Bank for water conservation. Joined the IAS in 1981 in the Uttar Pradesh cadre, Mr. Iyer has also served as the secretary of the Department of Drinking Water and Sanitation. He worked at the United Stations too for a few years as a senior rural water sanitation specialist. He is also a professor at the Indian Institute of Management, Ahmedabad in management practices. Kant was … [Read more...] about Parameswaran Iyer Iyer to replace Amitabh Kant as Niti Ayog CEO

Online travel company MakeMyTrip on June 24 announced becoming a member of the Global Sustainable Tourism Council (GSTC). With this step, MakeMyTrip joins a select band of travel companies across the world that are taking the lead in driving sustainable tourism practices, the company said in a statement. GSTC, a non-profit organisation that works towards achieving best practices in sustainable tourism, represents a diverse and global membership including national and provincial governments, leading travel companies, hotels, tour operators, NGOs, and communities at large. The GSTC was created jointly by UN agencies and prominent international conservation NGOs to develop global baseline standards for sustainable tourism- the GSTC Criteria. … [Read more...] about MakeMyTrip becomes member of Global Sustainable Tourism Council