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Prime Minister Modi speaks with King Charles on G20, other issues

by Blitz India Media
May 2, 2023
in G20 podium
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NEW DELHI: Prime Minister NarendraModi and King Charles III of the United Kingdom on January 3 discussed India’s G20 presidency priorities, Mission LiFE and other issues. This was PM Modi’sfirst telephonic conversation with the UK sovereign after the latter assumed office in September last year.

Prime Minister conveyed his best wishes to the King for a “very successful reign” and the two leaders also discussed issues such as climate action, conservation of biodiversity and innovative solutions for financing energy-transition.

After the call, PM Modi tweeted, “It was a pleasure to speak with His Majesty King Charles III on issues of mutual interest, including environmental protection, climate resilience, and the Commonwealth. Also discussed the priorities of India’s G20 Presidency, and the potential of Mission LiFE.”

“A number of subjects of mutual interest were discussed during the call, including climate action, conservation of biodiversity, innovative solutions for financing energy-transition, etc. Prime Minister expressed his appreciation for His Majesty’s abiding interest and advocacy on these issues,” said the Ministry of External Affairs in a statement released after the phone call.

The leaders also exchanged views on the Commonwealth and how to further strengthen its functioning. They appreciated the role of the Indian community in the UK in acting as a “living bridge” between the two countries and enriching bilateral relations, the MEA statement added.

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New Delhi, 13 October : India’s fintech sector raised $2.2 billion in the first nine months of 2026 (January 1, 2026–September 30, 2026), up 14 per cent from $1.9 billion in the same period a year earlier, a report said. The report from data intelligence platform Tracxn Technologies Limited said funding rounds dipped from 260 to 153, adding that the funding was concentrated in a smaller number of large late‑stage rounds, with five mega‑rounds of $100 million or more accounting for $1.1 billion or 48 per cent of total capital. The report said in the first nine months of 2026, digital lending and payments topped the category rankings, while Bengaluru accounts for over three-fifths of all capital raised. On the exit side, IPOs saw a 50 per cent uptick while overall acquisitions slowed. As many as 30 companies raised their first funding round, down 49 per cent from 59 in the previous year. Series A and later rounds totalled 77, down 31 per cent from 112. Late-stage funding (Series C+, PE, and pre-IPO) led the mix, rising 95 per cent to $1.5 billion in the first nine months of 2026 — up from $751 million during the same period in the previous year. This capital surge pushed late-stage investments to 67 per cent of total market funding, the report noted. Earlier stages experienced contractions in capital and deal counts. Early-stage funding fell 33 per cent to $668 million across 52 rounds, compared to $1 billion across 82 rounds in nine months of 2025. Seed funding fell 57 per cent to $73.8 million across 76 rounds, down from $173 million across 148 rounds. New unicorns crossed the billion-dollar threshold in an average of 7.1 years after their Series A funding. Moreover, the industry saw 3 IPOs in nine months of 2026, up 50 per cent from 2 in the previous year, alongside 11 acquisitions, down 45 per cent from 20.

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