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☆ India kicks off second phase of its 2024 election
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia kicks off second phase of its 2024 electionThirteen states will be heading to the polls on Thursday. CNBC's Sri Jegarajah speaks to voters in one of Prime Minister Narendra Modi's heartlands. Some of them, particularly younger, first-time voters, raised concerns about unemployment, corruption and the environment.

Persons: CNBC's Sri Jegarajah, Narendra Modi's heartlands Organizations: India

☆ India 'confident' new EV policy measures will allow more foreign players to enter market
▼ + stars: | 2024-04-26 | by ( Sumathi Bala | ) www.cnbc.com time to read: +4 min

"It was meant for all global EV manufacturers and domestic manufacturers." While much of the "buzz has been around Tesla," Singh underscored the initiatives will also attract other foreign automakers, highlighting that Vietnam's leading EV maker "VinFast has already announced its intent." In February, VinFast broke ground on its integrated EV manufacturing facility in India's southern state of Tamil Nadu. As competition in India's EV sector remains limited, the entry of major players like Tesla, will level the playing field, MG Motor India's CEO Emeritus Rajeev Chaba told CNBC. Robust trajectoryAccording to Counterpoint Research, India's EV sales nearly doubled in 2023, driven by rising consumer interest and government initiatives, among other factors.

Persons: Rajesh Kumar Singh, CNBC's, Singh, VinFast, Elon Musk, Narendra Modi, Tesla, Rajeev Chaba, EVs, Modi, Ola, Bain Organizations: Department, Promotion, Industry, Internal, EV, CNBC's Sri, Motor, CNBC, Counterpoint Research, International Energy Agency, TVS Motor, Bajaj, Ampere, Bain & Company Locations: India, Tamil Nadu, China

☆ Tesla’s entry into India’s EV market will be 'good news’ for the country, says MG Motor India
▼ + stars: | 2024-04-24 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +3 min

"When India as a market gets attention, more and more players and investments will come in. Numbers are still constrained because consumers don't have compelling choices," Chaba told CNBC's Sri Jegarajah in Gurugram, India. India's electric vehicle sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India's CEO Emeritus Rajeev Chaba said. Tesla CEO Elon Musk postponed a scheduled trip to India this week where he was to meet Prime Minister Narendra Modi, citing "heavy Tesla obligations." It'll be good for the industry, good news for the country, and for serious players like us."

Persons: Tesla, Chaba, EVs, CNBC's, Rajeev Chaba, Elon Musk, Narendra Modi, Maruti Suzuki, It'll, Musk Organizations: Bain & Company, CNBC's Sri, Motor, Reuters, Tesla, Tata Motors, Mahindra, Maruti Locations: India, CNBC's Sri Jegarajah, Gurugram, New Delhi, Mumbai

☆ India heads to the polls in the world's biggest democratic election
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia heads to the polls in the world's biggest democratic electionIndia heads to the polls today in the world's biggest democratic election, where voters will decide whether to hand Prime Minister Narendra Modi a third term. CNBC's Sri Jegarajah reports from Tamil Nadu.

Persons: Narendra Modi Locations: India, Tamil Nadu

☆ Indian elections: Voters discuss key issues
▼ + stars: | 2024-04-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndian elections: Voters discuss key issuesCNBC's Sri Jegarajah delves into the key concerns of Indian voters ahead of the country's general election. They range from corruption and unemployment to water scarcity.

Persons: Jegarajah

☆ 'World is grateful': India keeps oil prices cheaper by buying from Russia, Indian oil minister says
▼ + stars: | 2024-02-08 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Hardeep Singh Puri, India's minister of Petroleum and Natural Gas, at the ADIPEC conference in Abu Dhabi, United Arab Emirates, on Tuesday, Oct. 3, 2023. Bloomberg | Bloomberg | Getty ImagesIndia keeps global crude prices affordable by buying oil from Russia, India's energy minister said. "The world is grateful to India for buying Russian oil. Such uncertainty would typically push energy prices higher but gains have been limited amid record output from the U.S., and an ongoing global economic slowdown. "The fact of the matter is half the work is in recession," he said, adding that higher oil prices will invariably end up becoming a "self fulfilling prophecy" where higher prices will curtail demand.

Persons: Hardeep Singh Puri, Singh Puri, CNBC's Sri, India's Organizations: Petroleum, Natural, United, Bloomberg, Getty, Natural Gas, India Energy Locations: Abu Dhabi, United Arab Emirates, Russia, India, CNBC's Sri Jegarajah, Goa, Ukraine, Moscow, U.S

☆ Full interview with India's Finance Minister Nirmala Sitharaman
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFull interview with India's Finance Minister Nirmala SitharamanIndian Finance Minister Nirmala Sitharaman spoke to CNBC's Sri Jegarajah in a wide-ranging interview on the possibility of a credit ratings upgrade, external risks, and economic agenda, as the Indian General Election approaches in 2024.

Persons: Nirmala, Nirmala Sitharaman Organizations: India's, Indian Locations: Jegarajah

☆ India's finance minister touts unlikely export growth in a world of uncertainty
▼ + stars: | 2024-02-02 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

Finance Minister Nirmala Sitharaman addresses the media after the interim budget on February 1, 2024 in New Delhi, India. So a lot of new people are accessing India," Sitharaman said, while touting that India was able to showcase its digital public infrastructure at the G20 summit it hosted in New Delhi last year. Sitharaman, when asked about what economic issues will define the vote, said "if economic issues are to dominate the election, it would be the recipients of the beneficiaries themselves coming out to say, 'I'm empowered now'." "If anything, for us it will be performance on the economic issues, good performance, inclusive growth that we've offered." The interim budget is typically a stop-gap financial plan during an election year, aimed at meeting immediate financial needs before a new government is formed.

Persons: Nirmala Sitharaman, Sitharaman, CNBC's, CNBC's Sri Jegarajah, Narendra Modi's, Pranjul Bhandari, Bhandari, Anantha Nageswaran Organizations: Hindustan Times, Getty, India's, CNBC's Sri, Mar, CNBC, India's Finance Locations: New Delhi, India, Europe, America, Brazil, Africa, Indonesia

☆ India set to clock up to 8% GDP growth as it boosts manufacturing capacity, minister says
▼ + stars: | 2024-02-02 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +4 min

Workers assemble mobile phones at a Dixon Technologies factory in Noida, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty ImagesIndia could clock up to 8% annual GDP growth for several years as it focuses on boosting its manufacturing capabilities, a key government minister told CNBC on Thursday. watch nowHe spoke extensively about the country's mobile manufacturing ecosystem, claiming that 99% of the phones used in India were made within the country. The country exported $11 billion mobile phones last year, and they are likely to rise to between $13 billion and $15 billion in 2024, Vaishnaw said. Apple 's presence in India has grown exponentially since it first started manufacturing in the country in 2017.

Persons: Vaishnaw, Narendra Modi's, Nirmala Sitharaman, CNBC's, Apple, OnePoll, Joe Biden, India's Modi, Narendra Modi, Modi, Mandel Ngan Organizations: Dixon Technologies, Bloomberg, Getty, CNBC, Union, Railways, Communications, Electronics, Technology, CNBC's Sri, Deloitte, India, Apple, Samsung, Micron, U.S, India's, White, Afp Locations: Noida, India, Delhi, Mumbai, Chennai, China, Washington ,

☆ GlobalFoundries opens $4 billion Singapore expansion fab to meet 'demand for essential semiconductor chips'
▼ + stars: | 2023-09-12 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

A robotic arm moves 300 mm silicon semiconductor wafers inside a sorting machine in a cleanroom at a Globalfoundries Inc. semiconductor fabrication plant. Liesa Johannssen | Bloomberg | Getty ImagesU.S.-headquartered GlobalFoundries announced Tuesday the opening of its $4 billion expansion fabrication plant in Singapore as the contract chipmaker expects "growth in demand for essential semiconductor chips." Singapore supplies 11% of the world's semiconductors, according to the Singapore Semiconductor Industry Association. GlobalFoundries acquired Singapore's Chartered Semiconductor Manufacturing and took over its fabs in 2010. The following June, the Nasdaq-listed semiconductor manufacturer said its first tool had been moved into the Singapore facility.

Persons: Johannssen, GlobalFoundries, chipmaker, Thomas Caulfield, Caulfield, CNBC's Organizations: Inc, Bloomberg, Getty, CNBC, Qualcomm, MediaTek, NXP Semiconductors, 5G, Singapore Semiconductor Industry Association, Partnership, Samsung, Semiconductor Manufacturing, Economic, Board, Nasdaq, CNBC's Sri Locations: Singapore, U.S, Germany

☆ Saudi Arabia to extend voluntary cut of 1 million barrels per day until the end of 2023
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi Arabia to extend voluntary cut of 1 million barrels per day until the end of 2023Saudi Arabia and Russia have decided to extend voluntary oil production cuts until the end of the year, CNBC's Sri Jegarajah and Dan Murphy report.

Persons: CNBC's Sri Jegarajah, Dan Murphy Organizations: Saudi Locations: Saudi Arabia, Russia

☆ Business is war, and we go to war every day: Gunung Raja Paksi
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBusiness is war, and we go to war every day: Gunung Raja PaksiThe founding family of Indonesian steel producer, Gunung Raja Paksi, shares with CNBC's Sri Jegarajah why the company moved from a family structure to a professional-management style.

Organizations: CNBC's Locations: Raja, Raja Paksi

☆ Australia says nuclear isn't part of its energy mix. Here's why
▼ + stars: | 2023-07-25 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +3 min

watch nowNuclear energy has never been part of Australia's energy mix as it has abundant renewables, according to Australia's minister for climate change and energy. Nuclear plays a role in various countries' mix, but in Australia, it never has," Chris Bowen told CNBC on the sidelines of the G20 energy ministers meeting in Goa, India. "Wherever you look, there's issues from our point of view with nuclear energy," he said, outlining problems that can come from adopting nuclear energy. Furthermore, Australia will be starting from "worse than scratch" since it never had a nuclear industry in the first place, he said. "They're not going to be replaced with coal fired power, it's just not going to happen," Bowen said.

Persons: Chris Bowen, CNBC's Sri, Liddell, Bintang, They're, it's, Bowen, Vladimir Putin, David Gray Organizations: CNBC, Liddell Power Station, Getty, Australia, Gas, country's Clean Energy Council Locations: Australia, Goa, India, CNBC's Sri Jegarajah, Europe, Ukraine, Lake George, Canberra

☆ China and India's oil demand will rise by 2 million barrels per day in the second half of 2023: IEF
▼ + stars: | 2023-07-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina and India's oil demand will rise by 2 million barrels per day in the second half of 2023: IEFJoseph McMonigle, secretary general of the International Energy Forum, speaks to CNBC's Sri Jegarajah and warns of "serious problems" with oil supply in the second half of the year.

Persons: IEF Joseph McMonigle, Jegarajah Organizations: China, International Energy Forum

Volatility is still weighing on oil markets, U.S. Energy Secretary Jennifer Granholm said Saturday, reiterating calls for additional supplies. Asked to comment on the state of oil markets, she told CNBC's Sri Jegarajah that "there's no doubt that there is a volatile environment, and ... there's plenty of indebtedness" — a situation that the White House is monitoring. "There is a lot of emotion in these markets and so we have deep concern about trajectories of where things are headed," the energy secretary added. Granholm said she expects oil demand in the U.S. to increase to 12.5 million barrels per day this year, and to make further gains in 2024. High crude oil prices continue to be a challenge for the Biden administration, and lowering costs remains a priority.

Persons: Jennifer Granholm, CNBC's, Granholm, —, Biden Organizations: U.S . Energy, Organization of, Petroleum, Coalition, Saudi, Washington Locations: U.S, OPEC, Saudi Arabia, Russia

☆ China is a threat but talks must continue: Germany, Canada, Australia
▼ + stars: | 2023-06-05 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +5 min

Germany's Defense Minister Boris Pistorius was part of the the Shangri-la Dialogue, Asia's largest security forum, over the weekend. Decoupling from China is not an option, but finding a path to de-risk and reduce dependencies is important, Germany's Defense Minister Boris Pistorius told CNBC's Sri Jegarajah at the event. Australia's Trade Minister Don Farrell told CNBC in April that he's hopeful other tariffs put in place could be removed as well. China seen as a 'disruptive power'China is an "increasingly disruptive power" to peace in the region, Anita Anand, Canada's defense minister said, told CNBC. Speaking at the event Sunday, China's defense minister addressed the issue.

Persons: Boris Pistorius, CNBC's, Pistorius, That's, Richard Marles, Marles, Don Farrell, Anita Anand, Anand, we'll, Li Organizations: Germany's, Getty, SINGAPORE, CNBC, CNBC's Sri, World Trade Organization, China, Australia's Trade Locations: Australia, Canada, Germany, Singapore, China, CNBC's Sri Jegarajah, Canberra, Beijing, Taiwan

☆ Sweden's defense minister: We have assets and capabilities that can make NATO stronger
▼ + stars: | 2023-06-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSweden's defense minister: We have assets and capabilities that can make NATO strongerSweden Defense Minister Pål Jonson tells CNBC's Sri Jegarajah that the country is well placed to become a security provider to the NATO military alliance.

Persons: Pål Jonson, CNBC's Organizations: NATO, Sweden Defense Locations: Jegarajah

☆ German defense minister: We have to reconstruct our armed forces after 3 decades of a peace dividend
▼ + stars: | 2023-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGerman defense minister: We have to reconstruct our armed forces after 3 decades of a peace dividendBoris Pistorius, the German defense minister, discusses a possible end to the Russia-Ukraine war and his country's defense policy with CNBC's Sri Jegarajah.

Persons: Boris Pistorius Locations: Russia, Ukraine, Jegarajah

☆ We have a lot of anxieties about China: Australia's deputy prime minister
▼ + stars: | 2023-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have a lot of anxieties about China: Australia's deputy prime ministerRichard Marles, Australia's deputy prime minister and minster of defense, tells CNBC's Sri Jegarajah that the current set of strategic circumstances are the most complex since the end of the second world war.

Persons: Richard Marles Locations: China, Jegarajah

☆ NZ defense minister: Dialogue essential as competition intensifies
▼ + stars: | 2023-06-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDialogue 'absolutely essential' as major powers' competition intensifies, NZ defense minister saysNew Zealand Defense Minister Andrew Little talks to CNBC's Sri Jegarajah ahead of the IISS Shangri-La Dialogue defense summit in Singapore.

Persons: Andrew Little, Sri Jegarajah Organizations: New Zealand Defense, Sri Locations: Singapore

☆ 'Everyone can see the reality' in Ukraine except for Putin, UK defense minister says
▼ + stars: | 2023-06-02 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

British Defence Secretary Ben Wallace and Ukraine's President Volodymyr Zelenskiy shake hands after a meeting, as Russia's attack on Ukraine continues, in Kyiv, Ukraine June 10, 2022. British Defense Minister Ben Wallace on Friday said Vladimir Putin is "at risk of losing everything" if Russia does not withdraw its forces from Ukraine. In a busy week for diplomacy, European leaders met in Moldova in recent days for the European Political Community summit, attended by Ukrainian President Volodymyr Zelenskyy. Defense ministers from around the world gathered in Singapore on Friday for the Shangri-La Dialogue Defense Summit. Moscow was meanwhile hit by drone strikes earlier this week, with President Vladimir Putin claiming the attacks targeted Russian civilians, while the country's foreign ministry vowed to respond with "the harshest possible measures."

Persons: Ben Wallace, Volodymyr Zelenskiy, Vladimir Putin, Volodymyr Zelenskyy, Wallace, it's, CNBC's, CNBC's Sri Jegarajah Organizations: British, European, Ukrainian, NATO, Dialogue Defense, CNBC, Storm, U.K, CNBC's Sri, UN Locations: Ukraine, Kyiv, Russia, Moldova, Oslo, Singapore, Ukrainian, Russian, Moscow

Investors are awaiting more tangible outcomes of Sunday's general election, after preliminary results showed the country's pro-democracy parties secured a strong majority. A calculation by Reuters based on data from the country' Election Commission suggests the anti-military Move Forward party, led by Thai businessman Pita Limjaroenrat, would win the most seats, followed by the Pheu Thai party. If confirmed, this would represent a resounding rejection of pro-military parties led by former prime minister Prayut Chan-o-cha, ending nine years of pro-military rule. The Pheu Thai party has put forward Paetongtarn Shinawatra — the daughter of former Thai prime minister Thaksin Shinawatra — as its candidate for prime minister, while Reuters reported that Limjaroenrat also has "set his sights set on being prime minister." First quarter GDPSeparately, Thailand's gross domestic product for the first quarter grew 2.7%% year-on-year, beating expectations of a 2.3% rise.

☆ Thai elections: Many want to break away from military rule
▼ + stars: | 2023-05-15 | by ( Sri Jegarajah | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThai elections: Many want to break away from military ruleThe younger generation in Thailand is challenging "unquestioned loyalty" to the monarchy and strict laws that protect the royal family from insult and criticism. CNBC's Sri Jegarajah reports.

☆ IMF is bullish Sri Lanka's crisis-stricken economy will recover as country gets bailout
▼ + stars: | 2023-03-21 | by ( Sumathi Bala | ) www.cnbc.com time to read: +4 min

We expect a contraction around 8% in 2022, a 3% contraction this year before the economy picks up next year." watch nowAs a result, Sri Lanka's debt levels have become unsustainable and inflation remains elevated, he added. "There are plenty of examples of IMF programs restoring stability, though these often come at the cost of painful austerity." Analysts have also argued Sri Lanka needs institutional reforms in order to achieve long-term debt sustainability. Critical reforms"Ambitious revenue-based fiscal consolidation is necessary for restoring fiscal and debt sustainability" in Sri Lanka, said Kistalina Georgieva, IMF's managing director.

☆ What to know about Bhutan's new sustainability fee
▼ + stars: | 2022-09-19 | by ( Monica Buchanan Pitrelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat to know about Bhutan's new sustainability feeCNBC's Sri Jegarajah and Monica Pitrelli speak to Randy Durband, CEO of the UN-created NGO Global Sustainable Tourism Council, about Bhutan's increased "Sustainable Development Fee."

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