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Canada's last-minute G-7 invite to PM signals thaw

Financial Express Kochi

|

June 10, 2025

AS LAST-MINUTE INVITATIONS go, this one went down to the wire. After an initial snub, India's Prime Minister Narendra Modi confirmed Canada has invited him to the upcoming Group of Seven summit.

- KARISHMA VASWANI Bloomberg

President Donald Trump's trade war is bringing the two nations, whose relations have been strained in recent years, closer together.

India isn't a member of the G-7—a grouping of the world's richest countries comprising the US, UK, Germany, France, Italy, Canada, and Japan. But it has been a regular attendee. This will be the nation's 12th time participating and Modi's sixth consecutive invitation. Ottawa had originally decided to leave him off the list, a move that raised questions about India's credibility in the international arena.

But newly elected Canadian leader Mark Carney has likely made an important calculation: Getting India onside is crucial as he tries to show that democracies can still function collaboratively, even in a fragmented world order. This comes despite Freedom House classifying the South Asian giant as only partly free, noting that the government led by Modi and the Hindu nationalist Bharatiya Janata Party has presided over discriminatory policies and a rise in persecution affecting Muslims.

Financial Express Kochi'den DAHA FAZLA HİKAYE

Financial Express Kochi

IMF directors urge India to replenish fiscal buffers

WHILE FISCAL CONSOLIDATION has progressed, achieving the fiscal deficit target remains challenging, necessitating disciplined spending and strengthened fiscal buffers to safeguard stability, the International Monetary Fund executive board directors in their report.

time to read

1 min

November 27, 2025

Financial Express Kochi

Change mindset for manufacturing push: Godrej

WE ARE LOOKING TO LIMIT PRICE INCREASES TO ABOUT 5-7% POST NEW BEE NORMS

time to read

1 mins

November 27, 2025

Financial Express Kochi

Google Cloud sees govt tie-ups rise

· Cybersecurity threats & DPDP compliance fuel demand surge

time to read

1 min

November 27, 2025

Financial Express Kochi

When humans & Al create value together

WE'RE AT AN inflection point.

time to read

1 mins

November 27, 2025

Financial Express Kochi

SBI’s NIM target of 3% safe even if RBI cuts rate: Setty

STATE BANK OF India is confident of achieving its 3% net interest margin (NIM) guidance even if the Reserve Bank of India (RBI) decides to cut the repo rate by 0.

time to read

1 mins

November 27, 2025

Financial Express Kochi

US-Russia talks gain momentum

A SENIOR KREMLIN official confirmed Wednesday that US special envoy Steve Witkoff is set to visit Moscow next week as efforts to find a consensus on ending the nearly four-year war between Russia and Ukraine pick up speed.

time to read

1 min

November 27, 2025

Financial Express Kochi

UK cuts tax-free allowance for cash savings

BRITISH FINANCE MINISTER Rachel Reeves delivered a budget on Wednesday that will take more tax from workers, people saving for a pension and from investors to give herself more room for meeting her borrowing targets.

time to read

1 mins

November 27, 2025

Financial Express Kochi

Reliance JV to build AI data centre

THE ANDHRA PRADESH government has assured full support for the Digital Connexion project, including assistance with land allotment, power infrastructure, connectivity,and timely clearances.

time to read

1 min

November 27, 2025

Financial Express Kochi

Indices near all-time high as bears go into hiding

· DIIs pump in ₹7 lakh crore, highest in a year

time to read

1 mins

November 27, 2025

Financial Express Kochi

When tax meets technology

Tax is one area where the govt has moved far ahead in adopting technology and digitisation. Professionals must catch up with the digital architecture in place

time to read

3 mins

November 27, 2025

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