PM flags secure sea lanes, Russian President for 'reliable' logistics routes

In Remarks directed both at the West, opposed to his war in Ukraine, and countries with which Russia continues to do business despite crippling Western sanctions, Russian President Vladimir Putin said Friday that "the world is under-going structural, deep, profound shifts" in which "new engines of growth" are replacing "the so-called old leaders".

Grouping looks at pragmatic cross-border payment mechanism, local currency trade

Ahead of the BRICS Leaders' Summit, member countries have called for "pragmatic" and "efficient" cross-border payment mechanisms, including promotion of local currencies for trade and investments. Separately, Commerce Minister Piyush Goyal urged the bloc to link payment systems and trade in each other's currencies.

India and EU close to sealing trade deal, await nod from top Council in Brussels

The European Commission on Friday forwarded its proposal for the conclusion of a Free Trade Agreement (FTA) between the European Union and India to the European Council (EC), a clear indication the deal could be officially signed soon.

Terror to institutional reforms: BRICS to spell out common ground in declaration

BRICS' Delhi declaration is all set to spell out a common stand against terrorism, consensus for reform of institutions of global governance and strengthened multilateralism and support for India's UN Security Council bid.

Xi-Modi talks today, Beijing says will work to 'be partners helping each other succeed'

Ahead of Chinese President Xi Jinping's arrival in New Delhi for the BRICS summit and a bilateral meeting with Prime Minister Narendra Modi Saturday, Beijing said Friday that the two countries will work to "handle the bilateral relations from a strategic height and long-term perspective" and "be friends" and "partners helping each other succeed".

India climbs to 4th spot as forex reserves post record weekly gain

India has overtaken Russia in fourth spot in the list of countries with the highest foreign exchange reserves after data released by the Reserve Bank of India (RBI) on Friday showed that its reserves increased by $45 billion in the week ended September 4 - the highest weekly gain ever.

India's BRICS balancing act

• India has been on the receiving end of the weaponisation of the Western financial system.

• The US imposed steep tariffs last year amid disagreements in trade talks.

• India's decision to purchase Russian oil during the Ukraine war also turned it into a target.

What the recent trajectory of India-China ties means for the summit

Apart from its economic rise, China has also grown militarily, with big-power ambitions to dethrone the US. These aspirations are visible in its increasingly aggressive and assertive stance in its neighbourhood, in its actions in the South China Sea, the Indo-Pacific, and the borders it shares with India.