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☆ India’s economy and elections: Is the hype around Narendra Modi’s vision justified?
▼ + stars: | 2024-04-16 | by ( Diksha Madhok | Rachel Wilson | ) edition.cnn.com time to read: +9 min

New Delhi/London CNN —In just a few days, India will commence the world’s largest democratic election. So, is the hype around Modi’s India, which remains a largely impoverished country, justified? The world’s largest biometric database has also helped the government save millions by reducing corruption in welfare initiatives. Domestic investors, both retail and institutional, have been driving India’s stock market to unprecedented peaks. Still, India’s economy, much like its democracy, is far from perfect.

Persons: Narendra Modi, Indranil Mukherjee, Modi, Himanshu Sharma, Guido Cozzi, Arun Sankar, Billionaire Elon Musk Organizations: London CNN —, Getty, CNN, World, University of St, Unified, Bank, ”, National Stock Exchange of India, bourse, Bombay Stock Exchange, NSE, Shenzhen Stock Exchange, Hong Kong Exchange, World Federation of Exchanges, Macquarie Capital, Apple, Foxconn, Billionaire, International Labour Organization Locations: New Delhi, London, India, China, Beijing, Ajmer, Rajasthan, University of St Gallen, Switzerland, Asia’s, Washington, Sriperumbudur, Chennai, Mumbai's Churchgate, AFP

☆ Why India’s economy under Modi offers a real alternative to China
▼ + stars: | 2024-02-26 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

The market value of companies listed on India’s exchanges crossed $4 trillion in late November. But the country is stuck in recession and recently lost its position as the world’s third biggest economy to Germany. While interest in the world’s fifth largest economy is rising, the lofty prices of India’s stocks are scaring some international investors away. According to Macquarie, retail investors alone own 9% of India’s equity market value versus foreign investors at slightly under 20%. China “has a few too many companies which are $100 and $200 billion plus [in value],” Mittal said.

Persons: Peeyush Mittal, there’s, ”, Mittal, They’ve, Narendra Modi, Indranil Mukherjee, Jefferies, “, MSCI, Aditya Suresh, Modi’s, Modi, there’ll, ” Suresh, shoring, Hubert de Barochez, Elon Musk, India “, ” Musk, Suresh, Satish Babu, China “, ” Mittal, Priyanka Agnihotri, Nirmala Sitharaman Organizations: New, New Delhi CNN —, Matthews Asia, Getty, Macquarie Capital, Bharatiya Janata Party, Monetary Fund, Jefferies, Capital Economics, Apple, Foxconn, ”, Workers, Chennai Metro Rail, Advisory, Indian Locations: New Delhi, Jaipur, San Francisco, India, China, Shanghai, Shenzhen, Hong Kong, Japan, Germany, Beijing, Washington, “ India, Macquarie, Chennai, Baltimore

☆ India wants to host the Olympic Games in 2036. Is the country ready?
▼ + stars: | 2023-12-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

Labourers work beside the Olympic signage at the entrance of a venue ahead of the upcoming 141st International Olympic Committee (IOC) session in Mumbai on OCtober 11, 2023. In October, Prime Minister Narendra Modi announced that India plans to host the 2036 Games, reportedly saying it's the country's "age-old dream." Indonesia, Mexico, Turkey and Poland have also expressed their interest to host the Games in 2036. Reliance Industries, the country's largest private sector company, entered into a partnership with the Indian Olympic Association (IOA) last year. In 2011, after the games concluded, the chairman of the of the Commonwealth Games organizing committee, Suresh Kalmadi, was arrested for corruption and financial malpractice.

Persons: Indranil MUKHERJEE, INDRANIL MUKHERJEE, Indranil Mukherjee, Narendra Modi, Nita Mukesh Ambani, CNBC's Tanvir Gill, Ambani, Thomas Bach, Suresh Kalmadi, David Carter, Carter Organizations: 141st International Olympic Committee, AFP, Getty, Afp, India, Business, Reliance Foundation, Reliance Industries, Indian Olympic Association, Olympic Games, CNBC TV18, Olympic, Commonwealth Games, Guardian, BBC, Cricket, University of Southern, CNBC Locations: Mumbai, India, Indonesia, Mexico, Turkey, Poland, Delhi, University of Southern California

☆ 'Jawan': Shah Rukh Khan fans pack India cinemas for latest movie release
▼ + stars: | 2023-09-06 | by ( Rhea Mogul | ) edition.cnn.com time to read: +3 min

CNN —Jubilant movie fans thronged Indian cinemas before the crack of dawn on Thursday, bursting fire crackers and dancing on the street to welcome the latest release by one of the country’s biggest stars. Some screenings began at 5 a.m. as die-hard fans of Bollywood icon Shah Rukh Khan packed into theaters to see the nationwide premiere of “Jawan,” his latest Hindi-language action thriller. In a social media post, Khan thanked his fans and said he stayed up late to watch the commotion unfold. Bollywood icon Shah Rukh Khan in Mumbai, on January 30, 2023. “I was never trying to be a movie star, I became one by chance.”Jubilant Shah Rukh Khan fans wait for his latest movie, "Jawan," to open in Mumbai on September 7, 2023.

Persons: Shah Rukh Khan, “, ”, Khan, ” Khan, Khan’s, Gauri Khan, Atlee, Khan ”, Indranil Aditya, Indranil Mukherjee, ” –, Raj, Simran, Le, “ Pathaan Organizations: CNN, Getty, Office Mojo Locations: India, Mumbai, Delhi

☆ PrEPVacc: HIV vaccine trial that could be ‘the last roll of the dice’ this decade is underway
▼ + stars: | 2023-08-28 | by ( Tom Page | Thomas Page | ) edition.cnn.com time to read: +24 min

CNN —A novel trial that has been described as “the last roll of the dice” for a generation of HIV vaccines has entered its latter stages. Nearly 40 years since HIV was identified as the cause of AIDS, and 36 years since the first HIV vaccine trial, the medical community still does not have a working vaccine. But that is not necessarily why they were chosen to participate, said Eugene Ruzagira, PrEPVacc trial director. Evaluating the combination of a trial HIV vaccine and PrEP is a first, say organizers. “I did my very first HIV vaccine trial in 1991,” recalled Weber.

Persons: PrEPVacc, ”, Jonathan Weber, Frank, Helena Herholdt, Eugene Ruzagira, Ruzagira, “, Weber, ” Ruzagira, “ We’ve, Mark Runnacles, Edward Jenner, Louis Pasteur, Galileo, Win McNamee, Humphry Davy, JEAN, SEBASTIEN EVRARD, Haydn West, Joe Raedle, ANNE, CHRISTINE POUJOULAT, Alexander Fleming, Fleming, wasn't, Louise Joy Brown, Sandy Huffaker, Daniel Acker, James Watson, Francis Crick, Rosalind Franklin, Watson, Crick, Raphael GAILLARDE, Sean Gallup, Wilhelm Conrad Röntgen, Thomas Edison's, INDRANIL MUKHERJEE, Descovy, Luwano Geofrey, Dr, Luke Dray, Geofrey, Nishanta Singh, Sharon Lewin, Lewin, “ it’s, it’s, ” Lewin, ” Geofrey Organizations: CNN, Imperial College Academic Health Science Centre, PrEPVacc, Medical Research, Uganda Virus Research Institute, European Union, Smithsonian National Museum of, Cleveland Clinic, Volvo, Bayer, U.S . Food, Drug Administration, Getty, Keystone, — Farmers, Food and Drug Administration, FDA, Bloomberg, PANTHAKY, PrEP, US Centers for Disease Control, Independent, The University of Melbourne, International AIDS Society, Muhimbili University of Health, Allied Sciences, Dar Locations: Entebbe, Uganda, Thailand, London, Mbeya, Tanzania, South Africa, Ugandan, Durban, Masaka, Salam, African, Africa, China, FPG, AFP, United States, America, U.S, Peoria , Illinois, Europe, “, Dar es Salaam, Rwanda

People in Mumbai celebrate the successful lunar landing of Chandrayaan-3 on the south pole of the Moon on August 23. Chandrayaan-3’s journeyAs Chandrayaan-3 approached the moon, its cameras captured photographs, including one taken on August 20 that India’s space agency shared Tuesday. India’s lunar lander consists of three parts: a lander, rover and propulsion module, which provided the spacecraft all the thrust required to traverse the 384,400-kilometer (238,855-mile) void between the moon and Earth. The lander, called Vikram, completed the precision maneuvers required to make a soft touchdown on the lunar surface after it was ejected from the propulsion module. A view of the moon as viewed by the Chandrayaan-3 lander during Lunar Orbit Insertion on August 5, 2023.

Persons: Vikram, India’s, ”, Somanath, Abhishek Chinnappa, “, Ashish Kumar Verma, Charvi Katare, Shah Rukh Khan, Sachin Tendulkar, “ Humble, Ursula von der Leyen, Narendra Modi, Russia’s Luna, Indranil Mukherjee, Modi, Jaishankar, Sergey Lavrov, ” Lavrov, Somnath, Bill Nelson Organizations: New, New Delhi CNN, Wednesday, Indian Space Research Organization, ISRO, Indian Space Research Organisation, of Scientific, Industrial Research, Twitter, European Union, Russia –, Soviet Union, Workers, Getty Images, ” India’s, NASA Locations: New Delhi, India, Sikh, Mumbai, ”, Russia, United States, China, Washington, assertiveness, Ukraine, Delhi, Moscow, South Africa, Johannesburg

☆ Chandrayaan-3 landing: India could become the fourth country ever to land a spacecraft on the moon
▼ + stars: | 2023-08-23 | by ( Jackie Wattles | ) edition.cnn.com time to read: +6 min

CNN —India is on the brink of a historic attempt to land its Chandrayaan-3 spacecraft on the moon that could make it only the fourth nation ever to accomplish such a feat. India’s space agency will livestream the landing attempt starting at 5:20 p.m. IST (7:50 a.m. Previously, only the United States, China and the former Soviet Union have completed soft landings on the lunar surface. Russia’s Luna 25 spacecraft crashed into the moon on August 19 after its engines misfired, ending the country’s first lunar landing attempt in 47 years. Indranil Mukherjee/AFP/Getty ImagesIndia’s mission has taken on even greater significance since Russia’s failed Luna 25 landing attempt.

Persons: nation’s, Russia’s Luna, Vikram, Angela Marusiak, she’s, Marusiak, “, ” Marusiak, Satish Dhawan, Indranil Mukherjee, Luna, landers, Artemis, Bill Nelson, India’s Organizations: CNN, Indian Space Research Organization, Soviet Union, University of Arizona’s, Laboratory, Satish Dhawan Space, YouTube, Getty, Japan Aerospace Exploration Agency, United, NASA Locations: India, United States, China, France, Sriharikota, Andhra Pradesh, Mumbai, Israel, Japan, Artemis, Russia

☆ Opinion: India’s moon landing shines an uncomfortable light on Russia’s failures
▼ + stars: | 2023-08-23 | by ( Opinion Leroy Chiao | ) edition.cnn.com time to read: +8 min

The milestone marks a huge accomplishment for its nascent space program, which has made steady progress over the years. China also boasts a human spaceflight program with an operational space station, including crew and cargo transport spacecraft. Indranil Mukherjee/AFP/Getty ImagesIn the International Space Station (ISS) partnership, the US, Europe, Japan and Canada also continue to move forward with space exploration. Instead of expanding, its space program has been in decline for several years. The lamentable state of Moscow’s space program is just the latest confirmation of that.

Persons: Leroy Chiao, Yuri Gagarin, John F, Vladimir Putin, Putin, —, Luna, Indranil Mukherjee, Artemis, Jeff Bezos, Sergei Krikalev, Dmitry Rogozin, Nick Hague, ” Organizations: NASA, Russian Soyuz, International, CNN, Leroy Chiao CNN, Sputnik, Republicans, Russian Luna, Getty, Space, SpaceX, Soviet Union, ISS, Expedition, Space Shuttle, Twitter, Facebook, Progress, Soyuz, Luna Locations: Russian, what’s, India, Delhi, Soviet Union, United States, Moscow, Russia, America, Ukraine, Asia, China, Mumbai, US, Europe, Japan, Canada, West, Soviet, Columbia

☆ A $12 phone is opening doors for rural India to get on the internet
▼ + stars: | 2023-07-06 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +7 min

All that could change with a new $12 phone from Reliance Jio this week. India is already the world's second-largest smartphone market and is likely to add 300 million new internet users, making it the fastest country to provide internet services to those who remain unconnected, Mishra said. "However, screen size can limit the experience a bit, but still good for first-time internet users." Reliance Jio has rolled out 5G services in 406 cities in India. Additionally, Singh highlighted that Reliance Jio hopes first-time internet users who purchase the Jio Bharat will eventually upgrade to more advanced phones down the road.

Persons: Mukherjee, Akash Ambani, Jio Bharat, Varun Mishra, Mishra, Navkendar Singh, Singh, Jio, Bharat, There's, Nikhil Batra, Batra, Research's Mishra Organizations: International Data Corporation, Afp, Getty, Reliance, Reliance Industries, Counterpoint Research, CNBC, Vodafone, Aditya Birla Group, Vodafone Group —, BSNL, IDC, Nurphoto, Macquarie Research, Vodafone Idea, Bharti Airtel, Macquarie, Jio, Airtel Locations: India, Jio, Delhi, Mumbai, Kolkata, Bihar, Jammu, Kashmir, Himachal Pradesh

☆ Embattled Adani Group receives a vote of confidence from U.S. asset manager
▼ + stars: | 2023-03-06 | by ( Seema Mody | ) www.cnbc.com time to read: +3 min

Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaks at the World Congress of Accountants in Mumbai on November 19, 2022. Indranil Mukherjee | AFP | Getty ImagesIndia's embattled industrialist Gautam Adani received a much-needed vote of confidence from a well-respected U.S. asset manager ahead of a crucial bond roadshow that's underway. "Controversy is part of how you get better returns," Jain told CNBC in an exclusive interview. Jain's investment follows a massive decline in Adani's stock price amid criticism of the Indian firm's practices. Shares of Adani Enterprises and Adani Ports are up 66% and 23% over the past seven days, respectively.

☆ Indian tycoon Gautam Adani dismisses market volatility as 'temporary'
▼ + stars: | 2023-02-15 | by ( Sumathi Bala | ) www.cnbc.com time to read: +3 min

Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani (L) highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023. Indranil Mukherjee | Afp | Getty ImagesIndian billionaire Gautam Adani has downplayed the recent market volatility of Adani Group's shares as "temporary." The Adani Group has denied those accusations, and said it was a "calculated attack on India." Adani flagship earningsOn Tuesday, Adani Enterprises reported a profit after tax of nearly $100 million for the October to December quarter. Shares of Adani Enterprises last traded about 3% higher Wednesday on National Stock Exchange of India.

☆ NYU's 'Dean of Valuation' says Adani Group exploited 'weakest links' in Indian institutions
▼ + stars: | 2023-02-09 | by ( Sumathi Bala | ) www.cnbc.com time to read: +4 min

The Adani Group didn't play a "con game" but has exploited the "weakest links" in India's institutions to its advantage, according to NYU's "Dean of Valuation" Aswath Damodaran. It's not healthy for a market," Damodaran, told CNBC's "Streets Sign Asia" on Thursday. "That's why I said Adani is not about the company … this is about the weakest links in the India story. Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani (L) highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023. The Adani Group firmly denied the accusations, calling it a "calculated attack on India" and its institutions.

☆ Adani rout deepens despite soothing words from India's government and billionaires
▼ + stars: | 2023-02-06 | by ( Jihye Lee | ) www.cnbc.com time to read: +4 min

Indranil Mukherjee | Afp | Getty ImagesShares of most Adani Group companies fell further on Monday, continuing to drop as a feud between the conglomerate and short-seller firm Hindenburg deepened. Adani Green Energy , Adani Power and Adani Total Gas fell 5% each. The Sensex is the benchmark index of the BSE — formerly the Bombay Stock Exchange — and the Nifty 50 is the flagship index of the National Stock Exchange of India. Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on Tuesday, Sept. 27, 2022. Adani Power is included on the long-term list, while Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, Adani Transmission and Adani Total Gas are on the short-term list.

☆ Gautam Adani calls off $2.5 billion equity sale as regulatory concerns grow
▼ + stars: | 2023-02-01 | by ( Seema Mody | ) www.cnbc.com time to read: +3 min

(Photo by Indranil MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images)On Wednesday, Gautam Adani announced he's scrapping his firm's $2.5 billion equity sale. He withdrew the offering for shares in Adani Enterprises, the flagship of the Indian conglomerate Adani Group, after the stock tanked by nearly 30%. Adani Group has denied the allegations, saying they have "no basis" and stem from an ignorance of Indian law. Adani Enterprises' stock ended higher on Tuesday following news of the fully subscribed $2.5 billion offering. Investors woke up to an ugly picture on Wednesday when Adani Enterprise's stock plunged, falling by as much as 28% and prompting Adani to cancel his equity sale.

☆ Most Adani shares continue bloodbath as Asia's richest man loses $28 billion in a month
▼ + stars: | 2023-01-30 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

Gautam Adani, chairperson of Indian conglomerate Adani Group, at the World Congress of Accountants in Mumbai on Nov. 19, 2022. Founder Gautam Adani, the richest man in Asia and once second only to Elon Musk, fell out of the world's top five richest to rank seventh on the Bloomberg's Billionaire Index. Despite small gains seen in Adani Enterprises, other affiliates of the Adani Group continued to plunge. Adani Total Gas and Adani Transmission both dropped by the daily 20% limit, Adani Green Energy fell more than 19%, and Adani Power lost 5%. India's Nifty 50 Index traded 0.6% lower on Monday and hovered at the lowest since mid-October 2022.

☆ Indians revel in Rishi Sunak’s rise to the U.K.’s top job
▼ + stars: | 2022-10-25 | by ( Mithil Aggarwal | ) www.nbcnews.com time to read: +4 min

Narendra Modi, the prime minister of majority Hindu India, quickly congratulated Sunak. “Special Diwali wishes to the ‘living bridge’ of UK Indians, as we transform our historic ties into a modern partnership,” he tweeted. “The reaction is of admiration, aspiration that they could get to a similar position and happiness that one of their own has got the position,” Dogra said of the worldwide reaction among Hindus. Pedestrians walk past paintings of Britain's Prime Minister Rishi Sunak in Mumbai on Tuesday. Sunak visited different temples in London and was seen participating in a cow ritual during his losing campaign for prime minister against Liz Truss in August.

Prakash Singh/AFP/Getty ImagesThe recommendation to free the men was made by an advisory panel appointed by the Gujarat government, led by Narendra Modi’s Bharatiya Janata Party (BJP). Some lawmakers and activists have petitioned the Supreme Court for the men to be rearrested. Some saw the assailants’ release as a deliberate pitch for votes from BJP supporters ahead of the Gujarat state election. The couple want the decision reversed, as do those who have filed petitions with the Supreme Court. “We strongly believe that what happened with Bilkis was wrong and the convicts should be sent back to jail,” he said.

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