BRICS

Rupee recovers from record low, gains 3 paise to 84.69 against USD

Tue, Dec 03, 2024

Rupee rebounds slightly, ending at 84.69 against the US dollar after hitting a record low. Gains driven by positive equities amid global headwinds, BRICS currency tensions, and FPI outflows.

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Donald Trump warns of 100% tariff on BRICS nations

Mon, Dec 02, 2024

The BRICS bloc, which is formed mostly of emerging markets, comprises Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates (UAE).    

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BRICS+ group expected to surpass G7 in global trade by 2026: EY India

Thu, Oct 31, 2024

The BRICS+ grouping of nations like India, China and Russia is rapidly increasing its share in global merchandise exports and imports and is expected to surpass G7 group by 2026, EY India said in its latest edition of EY Economy Watch. 

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PM Modi to visit Brazil for BRICS summit

Tue, Nov 12, 2019

PM Modi’s visit on November 13 and 14 will deliberate on boosting overall cooperation among the member nations of BRICS – Brazil, Russia, India, China and South Africa.

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PM Modi says global economy is largely driven by one-sided decisions

Fri, Jun 28, 2019

The Prime Minister said, "We should still focus on the World Trade Organisation (WTO) reform to achieve balanced development of the global economy and so this growth is open to everyone." 

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BRICS calls for sustainable global trade growth, stronger multilateralism

Fri, Jul 27, 2018

According to the 23-page Johannesburg Declaration, the five member-states reinforced their commitment to upholding multilateralism and to working together on the implementation of the UN`s 2030 Sustainable Development Goals "as we foster a more representative, democratic, equitable, fair and just international political and economic order".  

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PM Narendra Modi says India to work with BRICS for Fourth Industrial Revolution

Fri, Jul 27, 2018

Indian Prime Minister Narendra Modi on Thursday said that India will work with other member states of the BRICS economic bloc to prepare for the Fourth Industrial Revolution while reiterating India`s commitment to multilateralism, international trade and rule-based world order.

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President Xi says BRICS should resolutely reject unilateralism

Wed, Jul 25, 2018

Trump`s warnings have given Brazil, Russia, India, China and South Africa fresh impetus to enhance trade cooperation, and officials at a three-day summit that kicked off in Johannesburg found a collective voice championing global trade.  

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BRICS development bank to expand lending to private sector

Tue, May 29, 2018

The New Development Bank (NDB), set up by the BRICS group of major emerging economies, wants loans to the private sector to eventually take up a 30 percent share of its project portfolio, a senior executive at the bank said on Tuesday.   

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Narendra Modi-Xi Jinping summit an opportunity for 'genuine' India-China dialogue: US experts

Thu, Apr 26, 2018

The informal summit between Prime Minister Narendra Modi and Chinese President Xi Jinping in Wuhan will provide an opportunity to the two leaders to begin a "genuine" dialogue about issues in Sino-Indian ties, top US experts have said. 

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India moves up one notch to 126 in GDP per capita terms

Sun, Nov 19, 2017

The data, which forms part of the latest World Economic Outlook report of the International Monetary Fund, ranks over 200 countries in terms of per capita GDP based on purchasing power parity (PPP).

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US hails BRICS condemnation of North Korea nuclear test

Wed, Sep 06, 2017

The US has welcomed the statement by BRICS nation condemning the nuclear test conducted by North Korea, saying it encourages the five-member bloc to contribute to global governance and stability.

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China pledges new funding for BRICS as group opposes protectionism

Mon, Sep 04, 2017

China will give $80 million in funding for BRICS cooperation plans, Chinese President Xi Jinping said on Monday, while the bloc of five emerging countries pledged to oppose protectionism.

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Essar Oil-Rosneft deal impact: ICICI Bank's exposure reduces by 50%

Mon, Aug 21, 2017

 Essar Oil on Monday completed its deal with Russia's Rosneft. Few banks have large exposure to the Essar Group and with this deal concluded it comes as a sign of relief. 

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In Pictures: PM Narendra Modi at the G20 Summit; meets Trump, May, Xi

Fri, Jul 07, 2017

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G20 Summit begins amid violent protests; Modi meets BRICS leaders

Fri, Jul 07, 2017

The G20 Summit began today in this port city as world leaders assembled to discuss fight against terrorism and ways to improve open trade while Prime Minister Narendra Modi met his counterparts from the BRICS bloc.

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BRICS development bank to seek dollar bond funding this year

Thu, Jul 06, 2017

The New Development Bank (NDB) set up by the BRICS group of emerging economies is looking raise money by issuing dollar-denominated bonds later this year, the agency`s president, K.V. Kamath, said on Thursday.

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India seeks $2 bn funding from NDB, wants it 'nimble-footed'

Sat, Apr 01, 2017

​Jaitley said the first agreement for an NDB loan in India to finance major district roads in Madhya Pradesh has been signed a couple of days ago.

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BRICS bank to issue up to $500 million in masala bonds

Thu, Mar 30, 2017

The offering comes after the bank sold three billion in yuan-denominated green bonds ($435.5 million) on China's interbank market last year aiming to support clean and renewable energy use to reduce carbon emissions.

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BRICS nations establishing themselves as economic force

Sat, Jan 14, 2017

With China to host the ninth BRICS annual summit in the southeastern coastal city of Xiamen in September, Kamath said Shanghai-based NDB, established by the bloc, plans to showcase its progress to the leaders of the five countries.

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China takes global lead in clean energy

Sat, Jan 07, 2017

"Renewable energy will be the pillar for China`s energy structure transition," said Li Yangzhe, deputy head of the National Energy Administration, the official Xinhua news agency reported. 

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Economists pitch for 'out-of-box' Budget to FM Arun Jaitley

Wed, Dec 21, 2016

Government should make the best use of demonetisation and come out with a Budget full of out-of-box ideas, economists told Finance Minister Arun Jaitley in New Delhi.

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Full text: Here's what PM Modi had to say at the BRICS Business Council

Sun, Oct 16, 2016

He further said India has undertaken substantial reforms in the last two years to streamline and simplify governance, especially doing business within the country.

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