France

The ascent of L’Oreal, established by her grandfather in 1909, into a global powerhouse has greatly influenced Bettencourt Meyers' and her family's substantial wealth.

"The agreement for usage of India's UPI in France has been finalised. In coming days, it's usage will begin from Eiffel Tower. Soon Indian tourists with the help of mobile app will be able to make payment in rupee to visit the Eiffel Tower," the Prime Minister Modi said amid huge applause from the diaspora.

"Yesterday, Mr. Ross McInnes, the Group Chairman of SAFRAN called on the PM Narendra Modi. Fast growing Indian aviation market provides immense scope for companies working in this sector. They also discussed technological partnership with Safran in defence and space," the PMO's tweeted about the meeting.

Goyal, who is currently on a tour of France, while addressing the India-France Business Summit and CEOs Roundtable in Paris on Tuesday, said: "We are one of the largest consumers of goods and services. Exports of goods and services are growing by over 50 per cent, and we hope to continue this growth trajectory. We hope to see our exports of goods and services triple from $765 billion to $2 trillion by 2030."

Union Minister of Commerce and Industry Piyush Goyal along with Olivier Becht, Minister delegate of Foreign Trade, Government of France, will co-chair the summit. Officials said that the summit will focus on themes including building a green future, emerging technologies, defence cooperation and cooperation in the Indo-Pacific regions.

Both the leaders agreed to extend the growing economic cooperation between the two countries to new areas like renewable energy, infrastructure and green cities. The ongoing problems due to debt vulnerabilities of several nations also featured during the discussion between the two leaders.

Following the stagnation of the first quarter of 2022 (Q1), the GDP recovered by 0.5 per cent in the second quarter (Q2), Xinhua news agency reported citing the Institute as saying on Friday. According to INSEE, the country's final domestic demand contributed positively to GDP growth in Q3 by 0.4 points, while net foreign trade contributed negatively by 0.5 points. "Imports were more sustained than in the second quarter, in particular for goods, while exports continued to slow down due to the decline in services exports," it explained.

In a statement on Wednesday, the government said that it has scaled up financial support for 810 projects in the past year, including building a semiconductor factory, developing hydrogen technologies and manufacturing a quantum computer, reports Xinhua news agency. The country also set up several investment funds to support the growth of innovative small and medium-sized enterprises (SMEs) in the fields of ecological and energy transition.

The strikes at TotalEnergies and ExxonMobil refineries will extend to Tuesday, the General Confederation of Labour (CGT) said. According to the Ministry for Energy Transition, 29.4 per cent of service stations in the country were experiencing difficulties with at least one product on Monday, compared to 19 per cent on October 7, reports Xinhua news agency.

The highest French civilian award is in recognition of "Dr Piramal's outstanding achievements and contributions in the fields of business and industry, science, medicine, arts and culture, both nationally and internationally", and was conferred on behalf of French President Emmanuel Macron.