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Modi-Xi summit: A nudge, not a shift

Business Standard

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October 26, 2024

Prime Minister Narendra Modi and Chinese President Xi Jinping met formally on October 23 after a gap of five years in Russia's Kazan, on the margins of the Brics+ meeting hosted by President Vladimir Putin of Russia.

- SHYAM SARAN

Brics is a grouping of Brazil, Russia, India, China and South Africa, which has recently expanded to include Egypt, Ethiopia, Saudi Arabia, Iran and the United Arab Emirates. It is, therefore, a unique assemblage of several major emerging economies and representative of the Global South. This geopolitical context is important. The value of Brics as a leading group of the Global South would diminish if its two most consequential countries—India and China—were not on talking terms.

We have seen this story before. Relations between the two countries plummeted after an ugly standoff between their troops at the strategically important but contested tri-junction of the borders of India, Bhutan, and China at Doklam in June 2017. This was resolved a couple of weeks later, clearing the decks for Mr Modi's visit to China for the annual Brics summit.

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Business Standard

FinMin in talks with Sebi, RBI on crypto exchanges

The Ministry of Finance (FinMin) is in discussions with the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) ahead of the Union Budget 2026-27 to firm up a regulatory framework for crypto exchanges, official sources said.

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2 mins

January 14, 2026

Business Standard

Meta to fire 10% of VR unit staffers to focus on AI division

Meta plans to cut around 10 per cent of the employees in its Reality Labs division who work on products including the metaverse, according to three people with knowledge of the discussions, as the company shifts priorities to build next-generation artificial intelligence.

time to read

1 min

January 14, 2026

Business Standard

Business Standard

Training citizens out of reality

What use is infinite information if no one can tell truth from performance?

time to read

3 mins

January 14, 2026

Business Standard

Business Standard

Work-life balance tops job wish list for India's Gen Z

Infosys co-founder N R Narayana Murthy may still be extolling the virtues of a 72-hour work week. But Gen Z — broadly defined as those born between 1997 and 2012 — appears to be marching to a very different drumbeat: In a latest survey, nearly half of the 23,000 respondents from this age group said that the single most important factor when evaluating a job offer is, quite simply, “work-life balance”.

time to read

2 mins

January 14, 2026

Business Standard

German Chancellor visits Bosch campus in Bengaluru

German Chancellor Friedrich Merz's visit to the Bosch campus here on Tuesday underscored the deep economic and technological ties between India and Germany in the areas of mobility, manufacturing and innovation, the company said.

time to read

1 min

January 14, 2026

Business Standard

On table: Licence regime for corporate biz correspondents

The Reserve Bank of India (RBI) is likely to consider introducing a licensing regime for corporate business correspondent (BC) channels, a move that would bring currently unregulated fintech companies operating in the segment under the regulator's direct oversight, according to three people familiar with the matter.

time to read

2 mins

January 14, 2026

Business Standard

Elie Saab forays into Indian branded residence market with M3M group

ELIE SAAB IS PREPARING TO OPEN ITS FIRST READY-TO-WEAR BOUTIQUE SHOP IN INDIA LATER THIS YEAR

time to read

1 mins

January 14, 2026

Business Standard

Govt bonds won't be in Bloomberg Index, for now

Operational, mkt infra issues key reasons; next update by mid-2026

time to read

2 mins

January 14, 2026

Business Standard

Building partnerships

German Chancellor's visit raises hopes of EU FTA

time to read

2 mins

January 14, 2026

Business Standard

World Bank raises FY27 India growth forecast to 6.5%

‘The World Bank on Tuesday upgraded its FY27 growth forecast for India to 6.5 per cent from 6.3 per cent projected in October last year on the back of firmer domestic demand and export performance, which has proved more resilient than earlier expected.

time to read

2 mins

January 14, 2026

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