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☆ Disney's $8.5 billion Reliance merger is a streaming wars win in sports-obsessed India
▼ + stars: | 2024-02-29 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

Disney announced Wednesday that the companies will be merging their respective Star India and Viacom18 units into a newly created Star India joint venture, valued at roughly $8.5 billion on a post-money basis, excluding synergies. The merger is expected to have more than 750 million viewers in the rapidly growing Indian market. Cricket feverDisney acquired Indian streaming service Hotstar and Star TV channels in 2019 and had exclusive streaming rights to cricket's lucrative Indian Premier League (IPL), which it had turned into a paid service by 2020. Disney lost 4.6 million customers for its streaming service, Disney+ Hotstar, in India during the first three months of last year. "I think I said six months ago that they're [Disney] going to see profitability in streaming by the end of 2024.

Persons: Pavlo Gonchar, Walt Disney, Mukesh Ambani, Nita Ambani, Ambani, Jamie Lumley, Lumley, Jason Ware, CNBC's Organizations: Disney, Getty, Walt, Reliance, Star India, Cricket, Star, Indian Premier League, IPL, Indian Premier League cricket, CNBC, Albion Financial Locations: India

[1/3] Police stand on a road outside 'Bharat Mandapam', the main venue of the G20 Summit, in New Delhi, India, September 3, 2023. By convention, invitations issued by Indian constitutional bodies have always mentioned the name India when the text is in English, and the name Bharat when the text is in Hindi. However, the invites -- in English -- for the G20 dinner called Murmu the President of Bharat. In English, the South Asian giant is called India, while in Indian languages it is also called Bharat, Bharata and Hindustan. While some supporters of the name Bharat say "India" was given by British colonisers, historians say the name predates colonial rule by centuries.

Persons: Bharat Mandapam, Altaf Hussain, Droupadi Murmu, Bharat, Narendra Modi’s, “ Bharat, Alexander the, Krishn Kaushik, William Maclean Organizations: REUTERS, Indian, Reuters, Bharatiya Janata Party, BJP, of States, Rashtriya Swayamsevak Sangh, Bharat, Thomson Locations: New Delhi, India, DELHI, Bharata, British, Greece

"There is an understanding with Tesla's proposal and government is showing interest," said the official, who is familiar with the issue. Indonesia, for example, has offered to reduce import duties from 50% to zero for EV makers planning investments, a move seen aimed at attracting Chinese players and Tesla. Tesla first tried to enter India in 2021 by pushing officials to lower the 100% import tax for EVs. One of the sources said Tesla told Indian officials a potential India factory could operate at full capacity by 2030. Outside the United States, Tesla currently has a plant in Shanghai - its largest factory worldwide - and one outside Berlin.

Persons: Narendra Modi, Elon Musk, Tesla, Tesla's, Nirmala Sitharaman, Rohan Patel, Aditi Shah, Aditya Kalra, Shivangi Acharya, Kevin Krolicki, Raju Gopalakrishnan, Sharon Singleton Organizations: India's, India's Press, REUTERS, India EV, NEW DELHI, Indian, Tata Motors, Reuters, Mahindra, Tata, EV, EVs, Thomson Locations: New York City , New York, U.S, India, Tesla, New Delhi, Indonesia, United States, Shanghai, Berlin, Mexico

☆ Passenger trains derail in India, killing at least 50, trapping many others
▼ + stars: | 2023-06-02 | by ( ) www.cnbc.com time to read: +3 min

Rescuers work at the site of passenger trains that derailed in Balasore district, in the eastern Indian state of Orissa, Friday, June 2, 2023. Two passenger trains derailed Friday in India, killing at least 50 people and trapping hundreds of others inside more than a dozen damaged rail cars, officials said. The debris was hit by another passenger train coming from the opposite direction, and up to three coaches of the second train also derailed, Sharma said. In August 1995, two trains collided near New Delhi, killing 358 people in the worst train accident in India's history. More than 12 million people ride 14,000 trains across India every day, traveling on 64,000 kilometers (40,000 miles) of track.

Persons: Amitabh Sharma, Sharma, Kaleda, Dattatraya Bhausaheb Shinde, Pradeep Jena, Shinde, Narendra Modi, Modi Organizations: The Press Trust of India, New Delhi Television, Press Trust, Rescuers, The Press Trust, Indian Locations: Balasore district, Orissa, India, Kolkata, Balasore, Howrah, West Bengal, Chennai, Tamil Nadu, New Delhi

☆ Russia doesn't know what to do with the $1 billion in rupees it is amassing in India each month
▼ + stars: | 2023-06-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Russia's amassing $1 billion worth of Indian rupees each month that it's struggling to use. India has been buying Russian oil using rupees as Moscow has been shut out of the USD-denominated global payments system. And it's not like Russia can send the rupees back home either because India has restrictions over capital flows by foreign investors — the country is looking at $2 to $3 billion worth of rupees stuck in India every quarter. India and Russia are now trying to work out how Russia can use its mounting rupee stash. Another option under discussion is having Russia channel the rupees into Indian infrastructure projects in exchange for equity stakes, per the media outlet.

Persons: Russia's, it's, —, Sergei Lavrov, Lavrov, Moscow doesn't, Alexander Isakov, Ian Hall Organizations: Service, Bloomberg, Bank of, Reuters, Treasury, Russian, Bloomberg Economics, Australian Institute of International Affairs, Griffith Asia, Griffith University, Kremlin, Affairs Locations: India, Moscow, Russia, Ukraine, —, Bank of Russia, Australia, Russian

☆ Will This Be the ‘Indian Century’? Four Key Questions
▼ + stars: | 2023-04-19 | by ( Alex Travelli | Weiyi Cai | ) www.nytimes.com time to read: +11 min

Annual population growth 3% Growing population Projected Projected 2% India’s population is projected to grow until the 2060s. 1% 0 Declining population -1% 1960 2000 2040 2080 3% Projected 2% China’s population declined for the first time in 2022. Fertility rate 8 children per woman Projected Projected 6 India 4 India’s fertility rate ensures a roughly stable population. Age 100+ Male Female Male Female 95–99 90–91 85–89 80–81 75–79 70–71 Nearly 80% of India’s population is younger than 50. 20–21 15–19 10–11 5–9 0–4 Age 100+ Male Female 95–99 90–91 85–89 80–81 Nearly 80% of India’s population is younger than 50.

India's coal arrivals are already heading higher, with data from commodity analysts Kpler pointing to a rise in thermal coal imports to 10.19 million tonnes in February, up from 9.71 million tonnes in January and the most since November. It's likely that thermal coal imports may decline over the coming years, but predictions that this trade will end by 2030 are ambitious. Where India will see increasing coal imports is in higher-grade metallurgical coal, used primarily to make steel. Given that each GW of generation requires around 3 million tonnes of coal annually, this implies the coming capacity additions will only need another 100 million tonnes, well below the 500 million tonnes extra the industry believes it will deliver by 2030. Overall, it appears the positive mood of India's coal sector is justified, especially in the short term.

BENGALURU, Feb 13 (Reuters) - India wants to more than triple annual defence exports to $5 billion by 2024/25 from $1.5 billion currently as it looks to ramp up domestic manufacturing, Prime Minister Narendra Modi said on Monday while inaugurating the Aero India show. "Today, India is not just a market for defence companies, it is also a potential defence partner," Modi said in his speech at the show. "I call on India's private sector to invest more and more in the country's defence sector." India, for decades one of the world's biggest importers of defence equipment, now exports to 75 countries, he added. India's airlines are also expanding, with Tata Group's Air India expected to announce a potentially record deal to buy nearly 500 jets from Airbus and Boeing, worth more than $100 billion at list prices.

☆ Amazon expands air cargo service to India even as company cuts costs
▼ + stars: | 2023-01-23 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

To match Insight AMAZON.COM-SHIPPING/ REUTERS/Mark MakelaAmazon on Monday announced it's bringing its air cargo operations to India, marking fresh growth for the company's logistics arm even as it looks to cut costs in other divisions. Amazon Air will enable the company to offer faster deliveries to customers in India, said Sarah Rhoads, vice president of Amazon Global Air, in a statement. The launch of Amazon Air in India comes as Amazon CEO Andy Jassy is undergoing a broad review of the company's expenses as it stares down a worsening economic outlook and slowing retail sales. Amazon Air, which debuted in 2016, outsources operations to several airlines. Amazon has for years been working to grow its presence in India, which is poised to become one of the fastest-growing e-commerce markets in the world.

☆ India evacuează mii de oameni de pe coasta sa de vest, din cauza unui ciclon devastator. Cel puţin 6 persoane au murit
▼ + stars: | 2021-05-17 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

India evacuează mii de oameni de pe coasta sa de vest, din cauza unui ciclon puternic care a ucis cel puţin 6 oameni şi care ar urma să ajungă marţi dimineaţă în statul Gujarat, transmite g4media.ro. Se aşteaptă ca ciclonul să traverseze Gujarat cu rafale de vânt de până la 175 km/h. Mai la sud, 31 de bărci înregistrate în statul Tamil Nadu erau date dispărute, a declarat un oficial al gărzii de coastă pentru Reuters. Comitetul naţional de gestionare a crizelor a prezidat, duminică, o întâlnire cu diferite state şi a declarat că aproape 80 de echipe de gestionare a dezastrelor au fost desfăşurate în diferite state. În Gujarat, ciclonul va provoca dificultăţi pentru administraţia de stat care se ocupă de un număr mare de pacienţi cu COVID-19.

Persons: Ciclonul Organizations: Reuters Locations: India, Gujarat, Indiei, Goa, Karnataka, Tamil, Vijay, Maharashtra, Mumbai, Mundra, Portul, ţară, Mehta, Kandla

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