Author: NNI Editor

Prime Minister Narendra Modi addresses the Global Investors Summit 2025, in Bhopal, Madhya Pradesh on February 24, 2025. Photo: PMO via PTI Prime Minister Narendra Modi on Monday (February 24, 2025) said with a strong talent pool and thriving industries, Madhya Pradesh is becoming a preferred business destination and that this is the time, and right time, to invest in the State.He was speaking after inaugurating the mega ‘Invest Madhya Pradesh – Global Investors Summit-2025’ at the Indira Gandhi Rashtriya Manav Sangrahalaya, located near the picturesque Upper Lake in Bhopal, to showcase the State’s infinite possibilities for investors and industrialists.PM…

Commerce and Industry Minister Piyush Goyal (R) with U.K. Secretary of State for Business and Trade Jonathan Reynolds on February 24, 2025. Photo: X/@PiyushGoyal India and the U.K. on Monday (February 24, 2025) discussed to advance the India-U.K. free trade agreement (FTA) negotiations while ensuring that the pact is balanced, ambitious and mutually beneficial. In a post on X, Commerce and Industry Minister Piyush Goyal said both countries reaffirmed their commitment to strengthening trade and investment ties. Also read | India, U.K. reaffirm FTA commitment at Strategic Dialogue He held a meeting with U.K. Secretary of State for Business and…

Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as President Prabowo Subianto looks to turbo-charge growth in Southeast Asia’s biggest economy.The recently inaugurated leader has pledged to take the archipelago’s annual growth from five to eight percent, ordering billions of dollars worth of cuts across government that last week sparked the first protests of his rule.Mr. Prabowo signed a document at the presidential palace in Jakarta initiating the new fund known as Daya Anagata Nusantara, or Danantara, which is modelled on Singapore’s investment arm Temasek and received…

Investors in Japan’s government bond market are getting a glimpse of life without heavy intervention by the Bank of Japan, which is showing little sign of reverting to a hands-on approach despite the recent steady rise in long-term interest rates.BOJ Governor Kazuo Ueda issued a mild warning on Friday that it could increase bond buying if “abnormal” market moves trigger a sharp rise in yields, but he was reiterating the bank’s pledge made when it began tapering bond purchases in July last year.Mr. Ueda said the BOJ was unwavering in its stance to allow market forces to determine long-term interest…

Space is about to get more crowded for Elon Musk.The billionaire’s Starlink communications network is facing increasingly stiff challenges to its dominance of high-speed satellite internet, including from a Chinese state-backed rival and another service financed by Amazon.com founder Jeff Bezos.Shanghai-based SpaceSail in November signed an agreement to enter Brazil and announced it was in talks with over 30 countries. Two months later, it began work in Kazakhstan, according to the Kazakh embassy in Beijing.Separately, Brasília is in talks with Mr. Bezos’s Project Kuiper internet service and Canada’s Telesat, according to a Brazilian official involved in the negotiations, who spoke…

Cafe Coffee Day outlet. | Photo Credit: Reuters The insolvency process against Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, has resumed as appellate tribunal NCLAT could not pass the order within the specified deadline of February 21, set by the Supreme Court.Last week, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) completed the hearing and reserved its order over the appeal filed by the director of its suspended board, CDEL informed through a regulatory filing.”Since the appeal has not been disposed of until February 21, 2025, as per the instruction of the…

Meta also has offices in Hyderabad, Gurgaon, Mumbai, and New Delhi [File] | Photo Credit: REUTERS Meta is hiring engineers based in Bengaluru, with 41 positions listed on its web page even as US.-based employees reel from the performance-based layoffs that began earlier this month. The hiring update comes as Meta employees claimed that the social media giant is establishing a new Bengaluru site, TechCrunch said in a report. In India, Meta has offices in Hyderabad, Gurgaon, Mumbai, and New Delhi.After U.S. President Donald Trump returned to the White House, Meta CEO Mark Zuckerberg announced an end to fact-checking across platforms,…

The Supreme Court on Monday (February 24, 2025) refused to entertain a plea seeking regulation of Internet prices in the country.A Bench of Chief Justice of India Sanjiv Khanna and Justice Sanjay Kumar dismissed the plea filed by one Rajat, saying consumers had multiple options for availing of Internet services.”It’s a free market. There are several options. BSNL and MTNL are also giving you Internet,” the Bench observed.The petitioner alleged that the majority of the market share was controlled by Jio and Reliance.The Bench then said,”If you are alleging cartelisation, then go to the Competition Commission of India.” The top…

Piyush Gupta. File | Photo Credit: Reuters “About 4,000 employees may lose their jobs in the next three to four years owing to Artificial Intelligence (AI),” said Piyush Gupta, Chief Executive Officer (CEO) of DBS Bank, at the NASSCOM Technology and Leadership Summit 2025. This would be a tenth of the company’s work force he said. “My current prediction, in the next three years, we’d shrink our workforce by 4,000, 10%. And that is because, AI is different” Mr. Gupta said at the event in Mumbai. He further said this was a much newer trend as he has never had…

Prime Minister Narendra Modi with Madhya Pradesh CM Mohan Yadav at the Global Investors Summit 2025 in Bhopal, Monday, February 24, 2025. | Photo Credit: PTI Prime Minister Narendra Modi on Monday (February 24, 2025) said he delayed his departure to the venue of the investors summit in Bhopal to ensure that students are not inconvenienced.Mr. Modi mentioned this in his speech after inaugurating the ‘Invest Madhya Pradesh – Global Investors Summit-2025’ in Bhopal.“I apologise to all of you for being late in coming here today. There was a delay because when I reached here yesterday, one thing came to…