BRICS ECONOMIC MEETING
ITC Hotels reports revenues of Rs 1054 cr for Q2, PAT at Rs 203 cr
ITC Hotels reported strong second-quarter growth, with revenue rising 26% and net profit increasing 52% year on year, supported by higher room rates, occupancy and demand from business events. The company also expanded its portfolio through new hotel signings, the Welcomhotel Ahmedabad acquisition and a land allotment in Lucknow.
India’s ‘dear friend’ is back in power in Brazil, and a $30 billion trade opportunity is on the table
Prime Minister Narendra Modi congratulated Brazilian President-elect Luiz Inácio Lula da Silva on his re-election, pledging to deepen the India-Brazil Strategic Partnership. Bilateral trade rose 25% to $15.21 billion in 2025, with Lula setting a target of $30 billion.
‘For global trade’s sake, hope our US deal is inked soon’: FM Nirmala Sitharaman
Nirmala Sitharaman expressed optimism regarding the speedy conclusion of the India-US trade agreement during her recent interaction. She highlighted challenges in trade relations with China due to non-tariff barriers causing problems for Indian exporters. The Finance Minister advocated for promoting rupee-denominated trade settlements to assist nations experiencing hard currency shortages. Sitharaman emphasized the importance of public investment in infrastructure to bolster economic growth despite global disruptions.
India-US trade pact would be concluded at earliest, in interest of global trade: FM Sitharaman
In a promising update on the India-US trade agreement, Nirmala Sitharaman indicated that negotiations are progressing well, with Commerce Minister Piyush Goyal mentioning that legal drafting for the initial phase is in motion. Addressing concerns related to trade imbalances and China's market access restrictions, Sitharaman underlined the critical role of infrastructure investments in driving economic growth despite global setbacks.
Bangladesh home minister to skip BIMSTEC meet in India amid strained ties
Bangladesh Home Minister Salahuddin Ahmed will skip the BIMSTEC meeting in New Delhi. Instaed, a senior bureaucrat will represent Bangladesh. The meeting focuses on strengthening security cooperation among South and Southeast Asian nations bordering the Bay of Bengal. Bangladesh currently holds the chairmanship of BIMSTEC and seeks better coordination on law enforcement and anti-terrorism efforts. Tensions between India and Bangladesh have increased following the political changes in 2024.
No Fitch, Moody's or S&P, please: The Big 3 face a new challenge
The African Union established the Africa Credit Rating Agency to provide better assessments for African economies. This initiative aims to address global rating agencies' perceived biases and shortcomings. Credit ratings for African nations currently suffer from a significant information gap compared to other regions. The new agency could enhance local capital markets by focusing on domestic debt markets and investments.
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India has decades of high growth ahead, AI for humanity vision: Jaishankar
External Affairs Minister S Jaishankar highlighted India's anticipated decades of growth during a recent Munich meeting. He emphasized the potential of emerging powers and India's unique demographic advantage in this context. Jaishankar also addressed India's approach to artificial intelligence as a model for social equity and public welfare.
India cannot give deadline on Hasina's extradition to Bangladesh: envoy Dinesh Trivedi
Indian High Commissioner Dinesh Trivedi stated that India cannot give a timeframe for Sheikh Hasina's extradition. Hasina has been living in India since she fled Bangladesh amid massive protests in 2024. The Bangladesh government has repeatedly requested her extradition, which India is examining through legal processes. Tensions between India and Bangladesh have increased since Hasina's interim administration was toppled.
As India and China repair ties, a Tibet film tells the story of a forgotten resistance
A new Tibetan historical drama, Four Rivers Six Ranges, is bringing renewed attention to Tibet’s resistance movement and the exile community’s efforts to preserve its history. The film, shot partly in Nepal’s Mustang region, follows fighters who aided the Dalai Lama’s 1959 escape and arrives as Tibet’s political future faces uncertainty over the Dalai Lama’s succession and evolving India-China ties.
Astana International Financial Centre explores to partner with India's GIFT City
Astana International Financial Centre is exploring potential collaboration with India's GIFT city due to regional proximity. This partnership aims to enhance financial services and investment opportunities between Kazakhstan and India. AIFC has established itself as a leading financial hub in Central Asia since its launch in 2018. Initiatives from AIFC include developments in sustainable finance and digital assets.
FM Sitharaman meets AIIB President, suggests expansion of financing beyond physical infra
Finance Minister Nirmala Sitharaman met Asian Infrastructure Investment Bank (AIIB) President Zou Jiayi and suggested the bank expand its focus to include newer infrastructure that centres on AI, MSMEs, and skilling. She reiterated that the bank's regional centrality should continue to remain a defining institutional characteristic and an important anchor of its mandate. Both leaders discussed AIIB's robust pipeline of projects in India and its expanding global presence.
Jaishankar at UNGA highlights AI, says nations should shape own technology paths
S Jaishankar addressed the 81st United Nations General Assembly and highlighted the significance of artificial intelligence. He affirmed the right of nations to develop their own AI models aligned with national priorities. Jaishankar emphasized mutual respect in technology access and the need for cultural understanding in a globalized world. He pointed out the challenges faced by the Global South amid crises in food, fuel, and finance.
Melania Trump ‘snubs’ Xi Jinping as handshake moment goes viral, watch video
A video circulating on social media has drawn attention to a brief interaction between Melania Trump and Chinese President Xi Jinping during Xi’s September 23-25 US visit. The clip appears to show Xi moving towards Melania, who raises her hand and steps back as Donald Trump continues greeting a member of the Chinese delegation. The footage does not establish why she made the gesture, prompting varied interpretations online.
Jaishankar meets Russia, Iran foreign ministers at UNGA days after Trump signs sanctions law
During the UN General Assembly, India's External Affairs Minister S. Jaishankar conferred with officials from Russia and Iran, highlighting vital areas like bilateral ties, BRICS collaboration, and the Gulf conflict. He reaffirmed India's focus on energy security in light of recent US sanctions. Furthermore, Jaishankar participated in discussions with the Gulf Cooperation Council to fortify partnerships, alongside co-chairing a dialogue centered on the ramifications of artificial intelligence on maritime security.
BRICS tax model needs to reflect reality: FM Nirmala Sitharaman
India will lead both working groups. The meeting also approved terms of reference of the BRICS Tax Support Network. Addressing the BRICS Heads of Tax Authorities meeting in New Delhi, Sitharaman said the proposed working groups would create a sustained platform for developing economies to address tax issues that have traditionally imposed higher administrative and capacity costs on them.
India’s BRICS presidency demonstrates New Delhi’s convening power
India's BRICS presidency convened an expanded grouping, achieving consensus on practical cooperation. The Delhi Declaration emphasized zero tolerance for terrorism and disrupted terror financing. Discussions focused on making BRICS more representative and steering it toward a centrist position. The summit also addressed de-dollarization challenges and strengthening the New Development Bank.
India, South Africa hold first Army-to-Army Staff Talks, focus on training and capacity building
India and South Africa held their first Army-to-Army Staff Talks in New Delhi. Discussions focused on expanding training exchanges and joint capacity building initiatives. South African delegates observed Indian Army's artificial intelligence projects and manufacturing capabilities. This engagement followed a meeting between Prime Ministers Modi and Ramaphosa. Both nations reaffirmed their comprehensive strategic partnership and future cooperation.
Vladimir Putin sends message on PM Narendra Modi's birthday; highlights role in strengthening Russia-India ties
Russian President Vladimir Putin wished Prime Minister Narendra Modi on his 76th birthday, praising his contribution to strengthening the India-Russia strategic partnership and calling their recent Delhi talks substantive and productive. Putin thanked Modi for his hospitality during the BRICS Summit visit, while both leaders discussed closer trade, energy, infrastructure, technology, defence and cooperation on regional and global issues.
Pezeshkian's BRICS meetings deliver strong message to Pakistan
The visible warmth between Prime Minister Narendra Modi and Pezeshkian on all three days of the summit, as well as the Iranian President's meetings with various Indian religious leaders, signalled New Delhi's balanced approach to the region and the significance of Iran in India's regional calculus. Modi has been invited by Pezeshkian to visit Tehran. Following his meeting with the Iranian President, the PM wrote on X: "We talked about the India-Iran friendship. We believe that we should move forward with a long-term and win-win strategy."
BRICS realpolitik: How India-China tensions get defused, strategic leverage grows
The BRICS summits serve a crucial role in reducing tensions between India and China, while simultaneously facilitating the management of their border disputes. For Beijing, BRICS is key to projecting power globally and countering Western dominance. India leverages this platform as a strategic approach to address boundary issues, using BRICS and the SCO for leverage and agility in an ever-evolving geopolitical landscape, thus engaging economically without becoming politically entrenched.
Xi & Modi reached most important consensus that India-China should be partners: Wang Yi
Chinese Foreign Minister Wang Yi said the leaders reached a key consensus that China and India should remain partners rather than rivals. Both countries agreed to jointly maintain peace and tranquillity in border areas. Areas of cooperation are expanding, while bilateral trade has reached record levels. India views China's development as an opportunity rather than a challenge. The two countries also agreed to strengthen coordination through multilateral frameworks and contribute to regional and global stability.
India, China agree to 'properly address' economic and trade concerns in a balanced manner
Commerce Minister Piyush Goyal met Chinese counterpart Wang Wentao to implement key agreements. Leaders agreed to expand economic cooperation and address mutual concerns. They also emphasized viewing each other as partners, not rivals. Border peace remains essential for developing India-China relations. Both nations will coordinate more in multilateral forums like BRICS.
PM Modi holds bilateral meeting with Abu Dhabi Crown Prince on sidelines of 18th BRICS Summit
Prime Minister Narendra Modi met Abu Dhabi Crown Prince Khaled bin Mohamed bin Zayed Al Nahyan. This meeting occurred on the sidelines of the 18th BRICS Summit in New Delhi. The UAE's recent membership in BRICS was a key discussion point for both leaders. Discussions focused on strengthening the Comprehensive Strategic Partnership between India and the UAE.
Putin takes potshots at "so-called G-7", says over 40% of world's GDP has been produced by the BRICS countries
Russian President Vladimir Putin emphasized the pivotal role of BRICS nations in fostering global economic growth and demographic expansion. He criticized the relevance of the G-7, branding it as the 'so-called G-7,' and condemned the extensive sanctions imposed on Russia amid the ongoing Ukraine conflict, while asserting Russia's resilience and commitment to strengthening partnerships with dependable allies.
India-China thaw: Engagement returns, but strategic trust stays elusive
Xi Jinping's India visit marked managed competition, not reconciliation. Both nations seek mechanisms to control rivalry and avoid escalation. India emphasizes mutual respect and boundary settlement, while China seeks stability. Diplomatic and economic ties offer cautious optimism for future engagement. Sustained peace and political dialogue are key for durable relations.
A weekend in New Delhi: At BRICS, Modi and India provided an adroit demonstration of tactically gathering a motley crew
The recent BRICS summit hosted twenty nations, fostering debate and wide interpretation of its joint statement. This gathering served as a protest forum against global economic instability and institutional failures. India's diplomacy showcased its appeal as a stable pillar amidst geopolitical challenges. The summit highlighted crucial supply chains and commodity linkages within BRICS family countries. India's engagement demonstrates the need for intricate networks and tactical arrangements in global affairs.
PM Modi holds bilateral meeting with Nigeria Vice President Kashim Shettima on BRICS sidelines
Prime Minister Narendra Modi met Nigeria Vice President Kashim Shettima during the BRICS Summit. External Affairs Minister S Jaishankar also discussed cooperation with Nigeria's Foreign Minister. Nigeria holds BRICS Partner Country status and seeks stronger bilateral ties. India's economic presence and trade partnerships in Nigeria are significant. The summit focused on resilience, innovation, cooperation, and sustainability for global growth.
BRICS must move ‘from files to real life impact’, PM Modi says as New Delhi summit ends
Prime Minister Narendra Modi concluded the 18th BRICS Summit in New Delhi. He urged partner nations to implement discussed frameworks into real-life impact. Modi stated that BRICS is an ecosystem of solutions, not just a group. The New Delhi Declaration reflects the shared vision of member nations. Discussions over the past two days strengthened BRICS cooperation and inclusiveness.
India-Africa partnership holds immense potential for sustainable, industrial growth: Naveen Jindal
At the BRICS Summit, Naveen Jindal, a prominent industrialist, met with South African President Cyril Ramaphosa. Their talks emphasized the importance of fostering economic ties and strategic investments, laying the groundwork for potential sustainable growth and industrial progress. With a goal of reaching USD 200 billion in India-Africa trade by 2030, Prime Minister Narendra Modi also held discussions with other world leaders during the summit.
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