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Bajaj Auto Ltd on Friday said its board has approved an investment of up to Euro 150 million (Rs 1,364 crore) in its wholly-owned arm, Bajaj Auto International Holdings BV, Netherlands, to fund the needs of the latter towards investment opportunities. The board of directors at its meeting held on Friday have accorded approval to invest funds up to Euro 150 million in Bajaj Auto International Holdings BV, Netherlands (BAIH BV), the company said in a regulatory filing. The investment could be either in the form of equity capital, preference capital, loan -- convertible or otherwise, as may be determined in the due course, in one or more tranches, it added. The capital infusion will be made in one or more tranches depending on the fund requirements up to March 31, 2026, the company said. BAIH BV is a wholly-owned subsidiary of the company and is engaged in the business of investment. "The additional capital infusion by the company is to fund the needs of BAIH BV towards investment ..
The Netherlands Prime Minister Dick Schoof said he had a telephonic conversation with Prime Minister Narendra Modi where they talked about strengthening relations between the two countries.Schoof said that they also discussed about the Russia-Ukraine conflict.In a post on X, Schoof said, "I just had my first phone call with Prime Minister Narendra Modi of India. We spoke about further strengthening the good relations between the Netherlands and India and about opportunities to work together more closely through a strategic partnership in areas like security, water, green hydrogen, agriculture, semiconductors and healthcare. We also discussed other matters such as the war in Ukraine."PM Modi called the Netherlands a 'trusted and valued partner'.In a post on X, PM Modi said, "Pleased to speak with PM Dick Schoof. The Netherlands is a trusted & valued partner. We are committed to advance and provide strategic dimension to bilateral ties in diverse sectors including water, ...
Even before the French and German governments collapsed, Europe's economy had enough difficulties. Tepid growth and lagging competitiveness versus the US and China. An auto industry that's struggling. Where to find billions for defense against Russia? And now Donald Trump threatening tariffs. Solutions will be harder to find while the two countries that make up almost half of the eurozone economy remain stuck in political paralysis well into 2025. Where once there was the so-called French-German axis to push Europe ahead, now there's a vacuum. French Prime Minister Michel Barnier resigned Thursday after losing a vote of confidence, and while President Emmanuel Macron will appoint a successor, the new head of government will lack a majority. Elections are not constitutionally permitted until at least June. Germany's coalition led by Social Democratic Chancellor Olaf Scholz with the Greens and pro-business Free Democrats fractured in November, triggering an early election on Feb. 23.
A closely-watched international climate case that could yield guidance for governments around the world wrapped its first week of arguments before the top court of the United Nations in The Hague Friday. The case, though not binding, is expected to spell out what countries are legally required to do to combat climate change and help vulnerable nations fight its devastating impact. The push for the International Court of Justice to hear this case comes like much of the call to address climate change from island nations that are losing territory and fear they could disappear under rising seas. The UN General Assembly asked the court last year for an opinion on the obligations of States in respect of climate change. The stakes could not be higher. The survival of my people and so many others is on the line, Arnold Kiel Loughman, attorney general of the Pacific island nation of Vanuatu, told The Hague-based court. For years his country has spearheaded calls for reductions of the ...
The Dutch government said on Monday that it will bring in extra checks at its land borders to combat irregular migration, similar to a policy brought in by Germany in September. It is the latest move by the country's hard-right government aimed at reining in immigration, as anti-foreigner sentiment surges across Europe. Dutch Migration Minister Marjolein Faber announced the policy in a press release after the move got the green light from the Cabinet. It is time to tackle irregular migration and migrant smuggling in a concrete way. That is why we will start reintroducing border controls in the Netherlands from the beginning of December, she said in a statement. The measure will take effect on December 9. Under European Union law, countries must give Brussels four weeks notice before restricting freedom of movement. Earlier this year, Faber told Brussels the Netherlands also wanted to opt out of EU refugees obligations. Geert Wilders, whose anti-immigration party won the largest sh
India has recorded trade surplus with as many as 151 countries such as the US and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. The Global Trade Research Initiative (GTRI) said that India does not need to worry about the trade deficit from importing crude oil and coal, however, it must focus on reducing the industrial goods imports, especially from countries like China, as these threaten India's economic sovereignty. "Between January and June 2024, India had a trade surplus with 151 countries, representing 55.8 per cent of its exports and 16.5 per cent of its imports, totalling USD 72.1 billion," GTRI said in a report. The biggest surpluses were with the USA (USD 21 billion) and the Netherlands (USD 11.6 billion) during January-June this year. "India had a trade deficit with 75 countries, which accounted for 44.2 per cent of its exports and 83.5 per cent of its imports,
Rafael Nadal and Carlos Alcaraz are getting the hang of this doubles thing, improving to 2-0 as a team at the Paris Olympics and moving into the quarterfinals with a 6-4, 6-7 (2), 10-2 match tiebreaker victory over Tallon Griekspoor and Wesley Koolhof of the Netherlands on Tuesday. Playing a day after Nadal's singles loss to rival Novak Djokovic and Alcaraz's win against Griekspoor, the old-and-young Spanish duo, wearing polo shirts in slightly different shades of red, didn't look like a pairing that never had played together until this event. As has been the case throughout tennis at this Summer Games, the attention was fully on the 38-year-old Nadal, owner of 22 Grand Slam titles and two gold medals, and the 21-year-old Alcaraz, whose major trophy total already is at four, including from the French Open last month and Wimbledon this month. Nadal whose wife and 1 1/2-year-old son, Rafael Jr., were in the stands and Alcaraz will face the fourth-seeded American team of Austin ...
Dutch fans came to the stadium in a rousing march, 100,000 strong. It will feel like a long journey home. When Ollie Watkins' added-time goal sealed a 2-1 win for England over the Netherlands in the Euro 2024 semifinals on Wednesday, it ended the orange-clad Dutch fans' dream of a first European Championship title since 1988. A great goal, but then it's over, and that's difficult to accept, Netherlands coach Ronald Koeman said. The journey home will not be without some bitterness after a hotly disputed penalty decision in England's favor after Dutch defender Denzel Dumfries made contact with Harry Kane while trying to block a shot. In my opinion this should not have been a penalty, Koeman said through an interpreter. "I think that we cannot play properly football and this is due to VAR. It really breaks football. Until the penalty call that put England firmly back in the game, it had been a party atmosphere for the Dutch fans. The towering South Stand famed as a Yellow Wall for
The referee for England's semifinal against the Netherlands at the European Championship will be Felix Zwayer, who once had ties to a match-fixing scandal in Germany. Wednesday's game will be Zwayer's fourth of Euro 2024 and his second with the Netherlands after refereeing its 3-0 win over Romania in the round of 16. UEFA and the German soccer federation announced the appointment Monday. England midfielder Jude Bellingham was fined 40,000 euros ($43,400) while playing for Borussia Dortmund in 2021 for criticizing the appointment of Zwayer. As a young assistant referee, Zwayer received a six-month ban in 2006 over an allegation that he received money from another referee, Robert Hoyzer, who was banned for match-fixing. A ruling in the case, which was eventually published in 2014 by German newspaper Die Zeit, stated that Zwayer accepted 300 euros ($325) from Hoyzer ahead of a game in 2004 and had not immediately reported the incident, but said there was no evidence Zwayer manipulate