Latest news with #Vicat
Hans India
a day ago
- Business
- Hans India
Piyush Goyal calls for steps to boost India-France trade
Paris: Commerce Minister Piyush Goyal on Tuesday said that India and France must work to strengthen bilateral economic ties as there was ample scope to boost trade between the two countries from the current level of $15 billion. Addressing the India-France CEO Forum here, the minister said both countries must work towards deeper cooperation in emerging and strategic sectors. "We cannot be satisfied with just $15 billion. The scope is far greater," Goyal remarked. He suggested forming joint working groups in the private sector under the CEO Forum to explore collaborations in artificial intelligence, tourism, manufacturing, and global capability centres as well. Goyal also announced that India and France would activate a fast-track mechanism at the ambassadorial level to help businesses overcome trade and regulatory hurdles. "This will help us find new areas of trade and support each other in crossing the Rubicon of regulation," he remarked. He pointed out that Indian businesses are often "foxed" by the EU's complex regulatory environment. "It's a maze, especially with each EU member state having its own set of rules," Goyal said. The minister reaffirmed that India and the EU remain committed to concluding a comprehensive trade deal before the end of 2025. He also held a meeting with Singapore's Deputy Prime Minister Gan Kim Yong and discussed ways to boost economic ties and huge opportunities in the Indian shipping sector. Goyal also plans to hold bilateral meetings in Paris with the United Kingdom's Secretary of State for Business and Trade, Jonathan Reynolds and Saudi Arabia's Minister of Commerce, Dr Majid bin Abdullah Al-Kasabi, among others. The Indian Minister is on an official visit to France and Italy, reflecting India's continued commitment to deepening strategic and economic ties with key European partners and advancing a shared vision for resilient and inclusive global growth. As part of the visit, he will also be meeting top leadership of major French companies such as Vicat, Total Energies, L'Oreal, Renault, Valeo, EDF and ATR. Goyal will also participate in the informal gathering of WTO Ministers on the margins of the OECD Ministerial Council Meeting. At this crucial forum, he will engage with global counterparts on key multilateral trade issues and articulate the perspectives and priorities of the country.
Reuters
2 days ago
- Business
- Reuters
Vicat's Lebec Net Zero project cancelled by US Department of Energy
June 3 (Reuters) - French cement maker Vicat ( opens new tab on Tuesday said its funding agreement with the U.S. Department of Energy for the Lebec Net Zero project had been terminated. The decision is part of the DoE's broader announcement on Friday that it was terminating, opens new tab funding of 24 projects, totalling more than $3.7 billion.
Mint
3 days ago
- Business
- Mint
Goyal begins France, Italy visit to deepen trade ties; India looks to fast-track EU FTA, global alliances
New Delhi: Union commerce and industry minister Piyush Goyal began a three-day official visit to France on Sunday as part of a five-day European trip that will also take him to Italy. The focus of the visit is to strengthen India's economic ties with key European partners and push the ongoing India-EU free trade agreement (FTA) talks, the commerce ministry said in a statement on Sunday. The visit comes as India expands its global trade engagements through several bilateral and regional negotiations, while trying to position itself as a trusted partner in a rules-based global trading system, it said. Goyal's trip is seen as part of India's broader strategy to attract more investment, build technology partnerships and secure better access to European markets. Also read: India-US trade deal nears the finish line—final talks are set for early June In Paris, Goyal is scheduled to meet French ministers Eric Lombard (Economy) and Laurent Saint-Martin (Trade) to strengthen the Indo-French economic relationship, the ministry said. The discussions are expected to focus on trade facilitation, new investment opportunities and deeper cooperation in sectors such as green energy, infrastructure and innovation. Goyal will also meet senior leaders of major French companies, including Vicat, Total Energies, L'Oréal, Renault, Valeo, EDF and ATR, the ministry said. Two major events—the India-France Business Round Table and the India-France CEO Forum—will allow direct interaction between top Indian and French business leaders and are expected to result in new investment and partnership proposals. Also read: US trade deficit claims are misleading, it earns billions from Indian purchases of services: GTRI Goyal's visit coincides with the Organization for Economic Co-operation and Development (OECD) Ministerial Council Meeting in Paris. He will participate in an informal WTO ministers' gathering on its sidelines, where he is expected to present India's views on key global trade issues, including food security, sustainability, and changes needed in global trade rules amid rising protectionism. The minister will also hold bilateral meetings with trade ministers from the United Kingdom, Singapore, Saudi Arabia, Israel, Nigeria and Brazil. Significantly, Goyal will also meet EU Commissioners Maroš Šefčovič and Christophe Hansen, with the aim of giving fresh momentum to the India-EU FTA, which is now in advanced stages of negotiation. 'With both sides showing political will to conclude the deal, the discussions are expected to help bridge remaining gaps, especially in areas such as tariffs on automobiles and market access for Indian services," said Dattesh Parulekar, assistant professor of international relations at Goa University. Goyal will travel to Italy next, where he is expected to continue high-level talks with government and industry leaders to boost bilateral trade and investment. Also read: Govt to hold talks with e-commerce platforms over dark patterns Earlier, Mint reported on 29 May that Goyal would be leading a business delegation to France and Italy and was also expected to take a separate delegation to Switzerland soon after as part of India's broader global trade outreach.
Yahoo
07-05-2025
- Business
- Yahoo
European Dividend Stocks To Consider Now
As the European market experiences a positive upswing, with the pan-European STOXX Europe 600 Index rising by 3.44% amid easing tariff concerns and stronger-than-expected economic growth in the eurozone, investors are increasingly looking towards dividend stocks as a potential source of steady income. In this environment of cautious optimism, selecting dividend stocks with strong fundamentals and a history of reliable payouts can be an effective strategy for those seeking to balance growth opportunities with income stability. Top 10 Dividend Stocks In Europe Name Dividend Yield Dividend Rating Julius Bär Gruppe (SWX:BAER) 4.73% ★★★★★★ Zurich Insurance Group (SWX:ZURN) 4.29% ★★★★★★ Bredband2 i Skandinavien (OM:BRE2) 4.54% ★★★★★★ OVB Holding (XTRA:O4B) 4.42% ★★★★★★ Rubis (ENXTPA:RUI) 6.90% ★★★★★★ HEXPOL (OM:HPOL B) 5.00% ★★★★★★ Deutsche Post (XTRA:DHL) 4.99% ★★★★★★ S.N. Nuclearelectrica (BVB:SNN) 9.65% ★★★★★★ Cembra Money Bank (SWX:CMBN) 4.22% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.37% ★★★★★★ Click here to see the full list of 237 stocks from our Top European Dividend Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Vicat S.A., with a market cap of €2.31 billion, operates in the construction industry through its production and sale of cement, ready-mixed concrete, and aggregates. Operations: Vicat S.A.'s revenue is primarily derived from its Cement segment, which accounts for €2.45 billion, and its Concrete & Aggregates segment, contributing €1.53 billion. Dividend Yield: 3.9% Vicat offers a stable dividend profile with a proposed €2.00 per share payout for the 2024 financial year, consistent with previous years. The company's dividends are well covered by earnings and cash flows, boasting a low payout ratio of 32.6% and cash payout ratio of 24.9%. Although its yield of 3.85% is below the top tier in France, Vicat's dividends have been reliable and steadily increasing over the past decade. ENXTPA:VCT Dividend History as at May 2025 Simply Wall St Dividend Rating: ★★★★★☆ Overview: EFG International AG, with a market cap of CHF3.87 billion, operates through its subsidiaries to offer private banking, wealth management, and asset management services. Operations: EFG International's revenue segments include Corporate (CHF53.60 million), Global Markets & Treasury (CHF94.70 million), Investment and Wealth Solutions (CHF124.90 million), and Private Banking and Wealth Management across various regions: Americas (CHF128.80 million), Asia Pacific (CHF195.50 million), United Kingdom (CHF192.30 million), Switzerland & Italy (CHF452.20 million), and Continental Europe & Middle East (CHF254.80 million).
