US-India Alliance: Boosting Energy Transition Investments
US Treasury Secretary Janet Yellen announced that the United States and India have joined forces to establish an investment platform with the goal of reducing capital costs and stimulating private investment for India’s energy transition. This collaboration was confirmed after a meeting between Yellen and India’s Finance Minister Nirmala Sitharaman held on the sidelines of…
Monika Gola
Rupee Opens 11 Paise Higher at 81.93 on Weak Dollar PostÂ
The Indian rupee kicked off the trading day positively, strengthening by 11 paise against the US dollar. This upward trend in the local currency occurred despite the relatively hawkish stance expressed by Federal Reserve Chair, Jerome Powell during his testimony to US lawmakers. The rupee commenced trading at 81.93 against the dollar, surpassing the previous…
PM’s Upcoming State Visit to the US: An Unprecedented Honour
In an extraordinary show of recognition, Prime Minister Narendra Modi is set to embark on a momentous state visit to the United States on June 22. This exclusive invitation from President Joe Biden makes Modi only the third world leader, following in the footsteps of France’s Emmanuel Macron and South Korea’s Yoon Suk Yeol, to…
U.S. Wants India To Buy Armed Drone On Modi Visit
Prime Minister Narendra Modi is about to visit Washington, DC, in the last week of June. On the visit, the Biden administration wants India to cut through its own red tape and advance a deal for U.S-made armed drones, which is expected to be worth $2 billion to $3 billion. However, India has previously shown…
US Emerges As India’s Biggest Trading Partner For FY23
Recent reports have revealed that the US surpassed China and became India’s biggest trading partner in the financial year 2022-23. The data released by the Ministry of Commerce suggests that the bilateral trade between the US and India reached $119.42 billion from $80.51 billion in 2020-21. Exports increased to $76.11 billion from $51.62 billion in…
KKR Announced To Invest $450 Mn In HFE With Hero Group
Kohlberg, Kravis Roberts & Co. (KKR) announced on Tuesday to invest $450 million, almost Rs. 3,585 crores, in Hero Future Energies (HFE). KKR is a Global Private Equity major which has deployed over $15 million globally to invest in renewable assets. “This investment will position HFE for continued growth and support its efforts to expand…
Sheldon
Edtech Unicorn upGrad Raises $210 Million In Latest FundingÂ
Edtech unicorn, upGrad, has raised $210 million in the latest funding round that has been conducted by prominent investors and family offices, including ETS Global, Bodhi Tree, Singapore’s Kaizen Management Advisors, Bharti Airtel, Narotam Sekhsaria Family Office, Lakshmi Mittal’s Artisan Investments, along with existing investors Temasek, IFC and IFL. upGrad was founded by Ronnie Screwvala…
Pelosi’s Visit To Taiwan: How It Put TSMC In Spotlight?
U.S. House Speaker Nancy Pelosi recently visited Taiwan. She may have left Taiwan but has cast a spotlight on the island’s critical role in the global chip supply chain and on the world’s biggest chipmaker TSMC (Taiwan Semiconductor Manufacturing Company).  Pelosi’s visit is being called controversial because it angered Beijing to see Pelosi meet with…
Shipra Prajapati
Russia-Ukraine War: Shares Rebounded, Crude Oil Surged $110/bbl
Russia-Ukraine War – Day 8 – The war has shaken the whole world, from the global stock market to transportation. US and European stocks, which have fallen a few days back, rebounded on Wednesday, but crude prices surged past $110 a barrel as fighting raged in Ukraine for the seventh day, posing a challenge for…
John David
Three Shipping Lines Halt Cargo Shipment To and From Russia
The world’s three biggest shipping companies announced the temporary suspension of shipment to and from Russia on Tuesday in the wake of Russia’s invasion of Ukraine. Russia’s attack on its neighbour country, which Moscow called a “Special Operation”, is the biggest state-to-state invasion in Europe after World War II. First, Swiss-headquartered MSC, the world’s biggest…