Page 44 - India

India to offer slew of incentives to boost shipbuilding industry: Report

The plans include subsidies so that at least 50 new vessels can be built as well as the granting of "infrastructure status" to the industry which would help with financing from banks, said the govt

India's electricity consumption grows 14% to 112.81 billion units in Nov

India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period, according to the government data. The robust growth of power consumption in the month mainly indicates an increase in economic activities as generally it remains subdued in November. Experts say power consumption and demand will further increase in the coming months due to use of heating appliances, especially in the northern part of the country, and further improvement in economic activities on account of the beginning of the new rabi crop season. Farmers use electricity to run tubewells for irrigation for new crops. In November last year, power consumption was 99.32 billion units (BU), higher than 96.88 BU in the same month of 2020, the data showed. The peak power demand met, which is the highest supply in a day, last month rose to 187.38 gigawatt (GW). The peak power supply stood at 166.10 GW in November 2021 and 160.77 GW in November

Border Security Force celebrates 58th Foundation Day on December 1

The BSF is celebrating its 58th Foundation Day on Thursday. According to data, the para-military force seized more than 26,000 kilograms of drugs from the border areas till October 31 this year

Musk-led Twitter bans over 44,000 accounts for policy violations in India

Twitter banned 44,611 accounts promoting child sexual exploitation and non-consensual nudity in India between September 26 and October 25, as Elon Musk took over

President Murmu extends best wishes to team India for G20 presidency

President Droupadi Murmu on Thursday extended her best wishes to 'TeamIndia' for a successful G20 presidency under the theme 'Vasudhaiva Kutumbakam'. India formally assumed the G20 Presidency on December 1. "India assumes the Presidency of #G20 today. On this occasion, I extend my best wishes to #TeamIndia for a successful Presidency under the theme Vasudhaiva Kutumbakam. In the time-honoured tradition of Atithi Devo Bhava, I welcome all the delegates to India," Murmu tweeted. 'Vasudhaiva Kutumbakam' means world is one family. India was handed over the presidency of the influential bloc at the end of the two-day G-20 summit in Bali, hosted by Indonesia last month. The next G20 Leaders' Summit at the Heads of State/Government level is scheduled to be held on September 9 and 10 in New Delhi. The G20 or Group of 20 is an intergovernmental forum of the world's major developed and developing economies. It comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, .

Top Headlines: India's G20 presidency from today; GDP growth in Q2 and more

Here is our morning brief of today's top headlines

India to receive over record $100 bn in remittances in 2022: World Bank

Retaining its spot as the world's top recipient of remittances, migrant workers from India are set to send home a $100 billion in 2022, despite global headwinds like rising prices

Jiang Zemin, the first Chinese President to visit India, passes away

Jiang Zemin, China's first head of state to have visited India in 1996 and heralded a new era of constructive cooperation between the two countries by signing a crucial agreement to reduce the tensions along their disputed border, passed away on Wednesday. Jiang, who was China's president from 1993-2003, died due to leukemia and multiple organ failure in Shanghai at the age of 96, state-run Xinhua news agency reported. The announcement of Jiang's death was made by the top organs of the ruling Central Committee of the Communist Party of China (CPC) for which he was the leading light for over two decades. "Comrade Jiang Zemin was an outstanding leader enjoying high prestige acknowledged by the whole party, the entire military and the Chinese people of all ethnic groups, a great Marxist, a great proletarian revolutionary, statesman, military strategist and diplomat, a long-tested communist fighter, and an outstanding leader of the great cause of socialism with Chinese characteristics,"

WhatsApp bans over 2.3 mn malicious accounts in India in October 2022

Meta-owned WhatsApp on Wednesday said it banned over 23 lakh bad accounts in India in the month of October in compliance with the new IT Rules 2021

Samsung to hire 1,000 engineers for its research facilities in India

New employees will join the company in 2023 to work on AI, machine learning, other fields

Registration of properties in Mumbai rises 15% to 8,756 units in November

Registration of properties in Mumbai municipal region rose 15 per cent this month to 8,756 units on higher demand despite an increase in interest rates, according to Knight Frank India. In November 2021, the registration of properties stood at 7,582 units. Growth in property sale registrations in Mumbai continues to remain robust with some moderation recorded in the recent months, the consultant said. "Supported by strong consumer sentiment and supportive drivers, the Mumbai residential market has grown despite geopolitical headwinds," Shishir Baijal, Chairman and Managing Director of Knight Frank India, said. "As the festival season that drove market sentiment in the last month ends, November 2022 remains a beneficiary to the sustained momentum recording a YoY rise in property sales and government revenue collection," he added. However, Baijal said the growth rate appears to have moderated marginally due to the increased mortgage rates. Properties falling in the price bracket of

India now biggest smartwatch market globally, grew 171% in Q3 2022

Noise grew 218 per cent (year-over-year) to regain the top spot in the Indian market

Why this is India's decade

From being the 'office to the world', India is set to become its factory too

India to pitch for international biofuels alliance at G20, says Puri

India will at the upcoming G20 meeting plans to pitch for a global alliance on biofuels on lines of the highly-successful international solar alliance, Oil Minister Hardeep Singh Puri said on Tuesday. The International Solar Alliance (ISA) was conceived as a coalition of solar resource-rich countries to address their special energy needs and was launched on November 30, 2015 by India and France to implement the Paris Agreement. India, the world's third largest oil-consuming and importing nation, is now pushing for greater use of biofuels extracted from sugarcane, cereals and agri waste as a means to cut reliance on crude oil. "We will utilise our G20 presidency to try and set up an international biofuel alliance like the International Solar Alliance," Puri said KPMG's ENRich 2022 conference here. India is taking over the presidency of the group of 20 major economies, also called G20, and will host a meeting of the member nations in September next year. With nations from Brazil to

ESAF Small Finance Bank plans to set up Asset Hubs across India: Official

ESAF Small Finance Bank has planned to strengthen presence of its Asset Hubs across the country aimed at serving the small and medium enterprises and agriculture segments, a top official said on Tuesday. Asset Hub offered by ESAF Small Finance Bank is a specialised loan processing sanctioning unit and would act as one stop for all the loan needs of customers. "Asset Hub will enable the bank to de-centralise the decision-making process for the loan sanctioning, disbursement and maintenance which will enhance customer service across these locations," the bank's managing director and CEO K Paul Thomas said. "The unit will act as a one-stop for all the loan needs especially for the SMEs and agri segments," he said. ESAF Small Finance Bank plans to open Asset Hubs in Chennai, Bengaluru, Nagpur, Bhopal, Kolkata and New Delhi. The Bank's executive vice president Hemant Kumar Tamta inaugurated an Asset Hub in Coimbatore on Tuesday.

India hands $100 mn in assistance to Maldives to ease financial challenges

India on Tuesday handed over USD 100 million as assistance to the Maldives to ease the financial challenges faced by the strategically located archipelagic state in the Indian Ocean. A ceremony was held here at the Ministry of Foreign Affairs where Foreign Minister Abdulla Shahid and Finance Minister Ibrahim Ameer were also present. "Our special partnership, marked by genuine concern for each other's welfare and interests, delivers every single time and particularly in time of need," tweeted External Affairs Minister S Jaishankar, who joined the ceremony via a video link. "The Government of India handed over financial assistance of USD 100 million to the Government of Maldives to ease the financial challenges. India remains reliable and steadfast in extending assistance to the Maldives," the Foreign Ministry of the Maldives said in a tweet. Foreign Minister Shahid thanked India for the timely and generous financial assistance of USD 100 million. "It is truly the strength of our tie

Meta supports FICCI, NeGD to train 100 India developers in metaverse tech

Meta announced it is supporting industry body FICCI with $1 million for the XROS fellowship programme that will help 100 Indian developers working on XR technologies for the future of metaverse

Genesys appoints Paypal's Deepa Madhavan as Country Head for India

Cloud customer experience and contact centre solutions provider Genesys on Tuesday announced the appointment of Deepa Madhavan as the India-Country Head. Deepa Madhavan, in her new role would continue the development of Genesys cloud technologies and engagement of teams across all functions in Genesys India, a company statement said. She would manage, support and grow the company's research and development centre in Chennai, the second largest such facility for Genesys globally. The Chennai centre hosts employees working in product management, professional services, customer care, engineering, finance and sales and other support functions. "Deepa joins us at a time when we are pushing forward with our focus on cloud innovation, maximising customer value and driving business growth. Deepa is a people-centric leader with the ability to successfully grow and build high performing teams from the ground up," Genesys managing director and vice-president ASEAN and South Asia, Stephen Hami

India to promote digital infra to deepen financial inclusion: Amitabh Kant

India's G20 Sherpa Amitabh Kant on Tuesday said New Delhi will work with countries to promote digital public infrastructure to deepen financial inclusion and improve service delivery. India will officially assume the G20 presidency from the current chair Indonesia on December 1. Speaking at the 7th edition of the Global Technology Summit organised by Carnegie India, Kant said India is taking over the presidency of the G20 at a time when the world is going through a lot of turmoil. There is a geopolitical crisis in Europe, 200 million people have gone below poverty line and 100 million people have lost jobs due to COVID era, he said while speaking on the topic 'India's Digital Way: The Road to G20 and Beyond'. "There is a huge crisis of global debt. Almost 70 countries in the world are facing a debt crisis. We have the challenge of a global supply chain which is disrupted. You have the challenge of climate action. "But every crisis is also an opportunity. And to my mind, this is a

Indian-origin businessman's store attacked in New Zealand by armed robbers

A store owned by an Indian-origin businessman was attacked by a group of young armed robbers in New Zealand and they held a knife to a worker's neck during the horrifying incident, a media report said, days after a shopkeeper of Indian descent was killed during an alleged robbery. The owner of the vape store, Sidhu Naresh, said that his store in Hamilton, North Island was targeted on Friday by four young offenders, the New Zealand Herald newspaper reported on Monday. My staff was made to kneel and a knife was put to his neck, it quoted Naresh as saying. They came and smashed everything, every single one of the cabinets, and they walked away with the till, he said. Naresh was told by his staff that the robbers couldn't have been more than 16 years old, according to the report. He said a courier who tried to stop the offenders was injured during the raid, and at least 4,000 New Zealand dollars in cash was stolen. The police informed Naresh that the offenders were believed to be the