BRICS summit in New Delhi highlights push for a changing global order

New Delhi is hosting the 18th BRICS summit, bringing together leaders from major emerging economies at a time of growing geopolitical tensions and significant shifts in global trade and finance. Held under the theme of resilience, innovation, cooperation and sustainability, the two-day meeting comes as BRICS continues to expand beyond its......

India’s foreign exchange reserves hit a new record above $785 billion

India’s foreign exchange reserves have reached a new record, rising by nearly $45 billion in a single week and strengthening the country’s external financial position. Data released by the Reserve Bank of India (RBI) showed that total reserves climbed to $785.7 billion in the week ending September 4, marking a sharp increase from......

Russia and India prepare nuclear energy cooperation agreements

Russia and India have completed preparations for a package of documents aimed at expanding bilateral cooperation in nuclear energy, according to Alexey Likhachev, head of Russia’s state nuclear corporation Rosatom. Speaking to the Russian newspaper Izvestia, Likhachev said several agreements with India had reached an advanced stage......

Russia and India discuss deals for more than 80 regional aircraft

Russian and Indian companies have signed a series of agreements covering the potential purchase of more than 80 Russian-made regional aircraft, highlighting growing cooperation between the two countries in the civil aviation sector. The agreements were announced during the first edition of INNOPROM India, an international industrial exhibition......

India: Amazon Reviews Findings from Inspectors Following Raids in Bengaluru

Amazon is under increased scrutiny in India. The American e-commerce giant announced on Wednesday that it is reviewing the findings from health authorities in an Indian state, which claim to have discovered expired and improperly labeled food products in two of its facilities in Bengaluru.Two Amazon Sites InspectedHealth authorities conducted......

Xiaomi Under Scrutiny by Indian Authorities Following Recommendation for In-Depth Investigation

Regulatory pressure is mounting on Xiaomi in India. The Indian Serious Fraud Office recommends the initiation of a thorough investigation into the Chinese group's operations in the country, particularly regarding its financial flows and compliance with foreign investment regulations. This marks a new phase in a case already characterized by......

Morocco and India explore joint defense production and deeper military cooperation

Morocco and India are exploring new opportunities to expand their defense partnership, including joint production of military equipment, the creation of industrial joint ventures and greater technological cooperation. The discussions took place on Tuesday, September 8, during the first meeting of the Joint Defence Committee between the two......

eBay removes gender prediction kits offered in India and launches internal investigation

The presence of kits that can predict the gender of a fetus on eBay raises questions about the platform's control mechanisms in India. After being alerted by Reuters to several listings accessible to Indian consumers, the company removed the concerned products and initiated an internal review of its protective measures. Reuters identified......

PayPal cuts 220 jobs in India as part of its extensive restructuring

PayPal is reducing its workforce in India as part of the transformation plan initiated by the payments group. Approximately 220 employees are affected by this latest round of job cuts, as the company seeks to sustainably reduce its costs and accelerate the integration of artificial intelligence and automation. PayPal continues its reorganization......

Canada: Ottawa Assesses Risks of Food Products Exported from India

The discovery in India of a warehouse where food products were repackaged with false nutritional information and new expiration dates has prompted Canadian authorities to enhance their vigilance. The Canadian Food Inspection Agency is now examining the potential consequences of this fraud on imports, even though no products from the identified......

India seeks faster access to Europe through Russia’s Arctic shipping route

India is increasingly looking toward Russia’s Northern Sea Route as a potential alternative for transporting goods to Europe, with industry representatives highlighting the corridor’s shorter distance and potential to reduce transit times by around two weeks. Rakesh Mishra, head of Indian logistics company Y&H Cargo, said......

India: UPI Prepares for the Arrival of AI-Driven Payments

India is gearing up for a new evolution of its instant payment infrastructure. A system could allow artificial intelligence agents to automatically carry out certain low-value transactions on UPI, without requiring human validation for each operation. The project may be presented soon in Mumbai. The Indian digital payment system UPI could......

Modi reaffirms India’s support for peace efforts in Ukraine

Indian Prime Minister Narendra Modi has reiterated New Delhi’s support for diplomatic efforts aimed at ending the conflict in Ukraine, during a meeting with Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organisation summit in Bishkek. Modi stressed that India remains committed to peaceful efforts to resolve......

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