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Share to Twitter Share to Linkedin Adani Enterprises —controlled by Gautam Adani and his family—is pushing ahead with plans to build India’s largest copper refinery as the world’s second most populous nation seeks to reduce its reliance on metal imports. The conglomerate—which also has interests in airports, edible oils, ports, renewable energy and toll roads—said in a regulatory filing on Sunday that its unit Kutch Copper has raised 60.7 billion rupees ($775 million) in loans from a syndicate of banks led by the State Bank of India. Proceeds will be used to accelerate the construction of a greenfield copper refining plant in Gujarat, Adani’s home state in western India. “Kutch Copper aims to create the capacity for production of refined copper, which plays a vital role in strengthening the nation’s shift towards electric vehicles and renewables,” Vinay Prakash, director of Adani Enterprises said in a statement. “The project has requisite technology … [Read more...] about Asia’s Richest Man, Gautam Adani, Raises $775 Million To Build India’s Largest Copper Refinery

Amitabh Kant India is in the midst of a major transformation in the digital space, and a strong political leadership and the commitment to continue with radical reforms would play a key role in taking the country to a leadership role in the global economy, NITI Aayog CEO Amitabh Kant said on Monday. Addressing a breakfast season on unleashing the power of the Indian diaspora on the sidelines of the World Economic Forum Annual Meeting 2023, Kant said, "A slew of radical reforms has been carried out by India in the recent years that have put India on a growth trajectory for many decades to come”. The Startup India movement has seen the number of startups in the country rising from double-digits to tens of thousands now and the emergence of unicorns even at the peak of the COVID-19 pandemic has been phenomenal, he said at the session organised by industry body CII and Indiaspora. He also called upon global investors to join the India growth story. … [Read more...] about India set to continue radical reforms, says NITI Aayog CEO Amitabh Kant

NEW DELHI: India is looking for enhanced military cooperation with Malaysia, the Indian Ministry of Defence said. Malaysian Senior Defence Minister Datuk Seri Hishammuddin Tun Hussein and Indian Defence Minister Rajnath Singh held a virtual conference on Monday (June 27). Hishammuddin in a tweet remarked that he discussed military-to-military cooperation and defence industry collaboration with his Indian counterpart. It was decided that the Malaysia-India Defence Cooperation Meeting (Midcom) scheduled next month would be the platform for a deeper engagement in defence, the Indian ministry said in a statement. Singh suggested a visit of senior officers from Malaysia to explore Indian defence facilities and products and invited Hishammuddin for a visit "at an early convenient date to discuss closer and strategic defence ties," the ministry said. "The Malaysian Defence Minister expressed the need for inducting women personnel in peacekeeping missions. Both sides agreed to engage … [Read more...] about India wants closer defence cooperation with Malaysia

Share to Twitter Share to Linkedin The latest Hindi film, JugJugg Jeeyo has earned $4.7 million over the first weekend in India. The movie features Neetu Kapoor, Anil Kapoor, Varun Dhawan and Kiara Advani. It also marks Neetu Kapoor’s return to films after a long gap of nine years. The film collected $0.75 million in US markets alone. The film had a decent opening and made $1.1 million on Friday when it released. The collections saw a steep rise on Saturday and the film bagged $1.59 million on the second day. Directed by Raj Mehta, the film released across 3500 screens in India alone, and saw further rise in collections on Sunday. It collected $1.9 million in India alone. JugJugg Jeeyo traces the story of a family in which the parents, and the son decide to go for a divorce. How a modern, but typical Indian family deals with the news and what changes it brings, is what the film explores. Much like Mehta’s first film, Good Newwz, JugJugg Jeeyo … [Read more...] about India Box Office Report: ‘JugJugg Jeeyo’ Earns $4.7 Million In Three Days

Share to Twitter Share to Linkedin As the terrifying words and shocking photos showing fierce fires destroying thousands of acres of land flooded social media, it was hard to not feel helpless. The over 50 mph winds assisted the fire in covering so much ground in such a short time that people who thought they were out of harm’s way would quickly realize within the same hour that they needed to evacuate as soon as possible. The direction of the wind changed constantly making it impossible for anyone within Napa Valley and Sonoma County to know if they were truly safe, as fleeing one’s home had many downsides since temporarily living in a crowded community center seemed to be a torturous alternative, or much worse, one could accidentally drive into the heart of one of the fast and furious fires, trapped with no way out. Many living outside of northern California stayed glued to the internet to see if friends or colleagues in the wine industry were doing okay. … [Read more...] about Woman From India Leads As Winemaker At Beloved Napa Winery To Build A Better Tomorrow After Tragedy

Rajendra Jadhav, Maximilian Heath and Nigel Hunt (Reuters) (The Jakarta Post) PREMIUM Mumbai, India/Buenos Aires/London   ● Tue, June 28 2022 It only took 24 hours last month for Prime Minister Narendra Modi's government in India -- the world's second-largest producer of wheat -- to shelve its plans to "feed the world". In April, Modi had said publicly that the world's most populous democracy was ready to fill part of the gap left by Ukraine in global grains markets by increasing its wheat exports, following five consecutive record harvests. India traditionally exports only a modest amount of wheat, retaining most of its crop for domestic consumption. On May 12, India's Ministry of Commerce and Industry said it was preparing to send delegations to nine countries to export a record 10 million tons of wheat this fiscal year -- sharply up the previous season. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and … [Read more...] about Food export bans risk fueling inflation

Representative Image Santoor, the sandalwood soap of Wipro Consumer Care and Lighting (WCCL), has become a Rs 2,300 crore plus brand in FY22, its CEO Vineet Agrawal said. The company, which operates in FMCG and lighting products segment, has reported a revenue of Rs 8,634 crore for the financial year ended on March 31, 2022. Though the company is concerned about the inflationary pressure but expects business to improve in FY23 as palm oil prices are softening and the price of crude oil going down. Moreover, demand would be helped by a good monsoon and generation of more employment, he said. While talking about domestic business, Agrawal said: "In India, Santoor continues to do well. It was over Rs 2,300 crore last year and we continue to be the number two brand in terms of soap," Wipro Consumer Care and Lighting CEO Vineet Agrawal told PTI. While talking about domestic business, Agrawal said: "In India, Santoor continues to do well. It is now the leading brand in five … [Read more...] about Santoor becomes Rs 2,300 crore brand, Wipro Consumer FY23 turnover at Rs 8,634 crore

Share to Twitter Share to Linkedin In Asia, Netflix has been rolling out a steady pipeline of animated series and children’s content. Over the last quarter, the streamer released Sea of Love , its first Thai original for pre-schoolers. This came alongside Mighty Little Bheem: I Love Taj Mahal , the latest installment in the popular Indian animation franchise. In the last week of May, Korean children’s film Larva Pendant landed in Netflix’s Top 10 chart for non-English films globally within a week of its release, receiving 3.09 million viewing hours. The streamer shared that 60% of households which have Netflix watch children and family content every month. “Asia has an extremely large youth audience, both on a relative and absolute basis, so creating shows that are engaging and resonant with kids and families in the region is quite important,” says John Derderian, head of animation series at Netflix. NFLX Japanese anime Rilakkuma’s Theme Park … [Read more...] about How Netflix Is Developing Kids’ Content And Animation From Asia

Share to Twitter Share to Linkedin The digital wing of Viacom 18, VOO VOO T, has mostly dabbled in thrillers when it comes to originals from the platform. Therefore, it was a huge leap when they announced the sports docu-series, Bandon Mein Tha Dum The Baap of all Fightbacks . The Head of SVO VO D and International Business at Viacom18 Ferzad Palia talks about their new sports docu-series. India’s victory in the 2021 Border Gavaskar Trophy Test Series, especially the climax of the series, had all the elements of dramatic cinema. How the Indian team endured the worst humiliation, lost all their star players and bounced back after being completely written off, was the perfect recipe for a revenge-redemption-Cinderella-underdog story. Bandon Mein Tha Dum taps into the potential and came out earlier this month. Elaborating on the importance of the story being told, Palia says, “It is not like the World Cup. Winning world cup (India won the cricket … [Read more...] about ‘Bandon Mein Tha Dum’: Why It Was An Important Story

- A + A COLOMBO (June 27): Sri Lanka will shut schools and only allow fuel supplies to services deemed essential like health, trains and buses for two weeks starting Tuesday, a minister said, in a desperate attempt to deal with a severe shortage. Sri Lanka is suffering its worst economic crisis, with foreign exchange reserves at a record low and the island of 22 million struggling to pay for essential imports of food, medicine and, most critically, fuel. Industries like garments, a big dollar earner in the Indian Ocean nation, are left with fuel for only about a week to 10 days. Current stocks of the country will exhaust in just under a week based on regular demand, Reuters calculations show. Sri Lanka will issue fuel only to trains and buses, medical services and vehicles that transport food starting Tuesday until July 10, Bandula Gunewardena, the spokesman for the government cabinet, told reporters. Schools in urban areas will be shut and everyone is urged to … [Read more...] about Sri Lanka stops fuel supply to non-essential services as crisis worsens