Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will waive tariffs on industrial imports from four European nations for a $100 billion investment over 15 years, ending nearly 16 years of negotiations. Thierry Monasse | Getty Images … Read more
A bell during the listing ceremony of Ola Electric Mobility at the National Stock Exchange in Mumbai, India, on Friday, Aug. 9, 2024. Bloomberg | Bloomberg | Getty Images Food delivery platforms, jewelry companies — and even a electric scooter manufacturer. More consumer-centric companies are looking to capitalize on India’s booming stock market and strong … Read more
The electric vehicles (EVs) in India are set to consume a significant share of the country’s electricity by 2035, highlighted a report by IKIGAI Asset Manager Holdings, an investment management firm. According to the report, EVs are expected to account for 6 to 8.7 per cent of India’s total electricity consumption by 2035, reflecting the … Read more
Earlier this week, China introduced significant policy measures, including a 20bp OMO rate cut, a 30bp MLF rate cut, and adjustments to the prime loan rates. Deposit rates will decrease by 20-25bp, and a 50bp RRR cut will inject around RMB 1 trillion in liquidity, with further cuts possible. The PBOC will also reduce mortgage … Read more
India’s ranking in the Global Innovation Index has improved by 42 positions over the last 9 years, with the country now ranked first among the 38 lower-middle-income economies. According to the index released on Thursday, India holds the 39th position in the Global Innovation Index (GII) 2024, a remarkable improvement from its 81st position in … Read more
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story The big banks of Wall Street have been quick to tweak what they expect … Read more
Workers assembles smartphones at Dixon Technologies factory in Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images India has big ambitions to become a semiconductor powerhouse as the world’s fifth-largest economy pushes for self-reliance in manufacturing. Indian Prime Minister Narendra Modi has set numerous goals to propel the country’s semiconductor … Read more
Traders work on the floor of the New York Stock Exchange on September 18, 2024 in New York City. Stephanie Keith | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
Indian flag and Chinese flag displayed on screen. Anadolu | Anadolu | Getty Images India’s commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world’s largest trade deal, maintaining that it is not in the country’s interest to be part of a free trade agreement with China. “India is not going … Read more
State-owned Solar Energy Corporation of India (SECI) on Friday pledged to invest 180 billion rupees ($2.16 bln) in equity for renewable capacity expansion by 2030, and announced plans to go public in the next one to two years. Large power producers in India have been investing heavily in renewables and committing to expand green energy … Read more
