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☆ India's high unemployment is a 'ticking bomb,' opposition says as election battle with Modi's BJP heats up
▼ + stars: | 2024-04-23 | by ( Vinay Dwivedi | ) www.cnbc.com time to read: +4 min

India's unorganized sector, which is made up of millions of small businesses that are privately owned, make up about 93% of the country's total workforce. As many as 32% of the respondents said increasing unemployment was the key reason why they would not elect the BJP again. India's Labour Ministry did not immediately respond to CNBC's queries pertaining to the country's unemployment situation. Rajan, who was speaking about how to make India an advanced economy at the George Washington University, said: "Unemployment numbers are high, disguised unemployment is even higher. A slowdown in hiring in India's huge information technology sector is also to blame for the lack of well-paying, white-collar jobs.

Persons: Rahul Gandhi, Narendra Modi, Modi, Gandhi, —, Manmohan Singh, Arun Kumar, Lokniti, joblessness, Kumar, Raghuram Rajan, Rajan Organizations: DELHI, International Labour Organisation, Institute of Human, Goods, Services Tax, Jawahar Lal Nehru, CNBC, ILO, Bharatiya Janata Party, Indian National Congress, BJP, Modi, India's Labour Ministry, Former Reserve Bank of India, George Washington University, Labor Locations: India, Bihar, New Delhi

☆ India election: Modi’s Muslim remarks spark ‘hate speech’ accusations as mammoth vote deepens divides
▼ + stars: | 2024-04-22 | by ( Rhea Mogul | ) edition.cnn.com time to read: +12 min

CNN —India’s Prime Minister Narendra Modi has been accused of delivering Islamophobic remarks during an election rally Sunday, triggering widespread anger from prominent Muslims and members of the opposition. India's Prime Minister Narendra Modi speaking during a rally in Sydney, Australia, on May 23, 2023. Kalpit Bhachech/Getty Images Narendra Modi, then BJP secretary is welcomed at Ahmedabad Railway Station by the party's followers on January 31, 1992. Kalpit Bhachech/Dipam Bhachech/Getty Images Narendra Modi pictured in India on January 23, 1998. Brent Lewin/Bloomberg/Getty Images India's Prime Minister Narendra Modi addresses Congress at the US Capitol in Washington, DC, on June 22, 2023.

Persons: CNN —, Narendra Modi, Islamophobic, Modi’s, Modi, ”, ” Modi, Matthew Abbott, Hiraben, Damodardas, Dipam Bhachech, Lal Krishna Advani, Subhas Chandra Bose, Kalpit Bhachech, Kalpit, Negi Yasbant, Amit Dave, Ajit Solanki, Kevin Frayer, Saurabh Das, AP Modi, Manish Swarup, Lucas Jackson, Barack Obama, Adrien Helou, Reuters Modi, Adnan Abidi, Stringer, Mark Zuckerberg, David Paul Morris, Marco Longari, Angela Merkel, Tobias Schwarz, Emmanuel Macron, Charles Platiau, Saudi Arabia's Crown Prince Mohammed bin Salman, India's, Jair Bolsonaro, Vladimir Putin, Xi Jinping, Amit Shah, Money Sharma, Boris Johnson, Phil Noble, Anthony Albanese, Brent Lewin, Pedro Ugarte, Joe Biden, Doug Mills, Paul Mashatile, Jacoline, Imtiyaz Khan, Amr Alfiky, Rana Ayyub, Asaduddin Owaisi, “ Modi, Mallikarjun Kharge Organizations: CNN, CNN — India’s, Bharatiya Janata Party, BJP, Indian National Congress, of India, India's, New York Times, Rashtriya Swayamsevak Sangh, Getty, Modi, Hospital, Narendra, India Today, AP, Madison, Garden, Reuters, Washington , D.C, French National Space Agency, of Yoga, Meta, Facebook, Bloomberg, European, Saudi Arabia's Crown, Rashtrapati Bhavan, Kyodo, British, Summit, Qudos Bank, White, Anadolu Agency, Anadolu, United, United Arab Emirates, Sangh, Hindu, “, Hate Locations: Rajasthan, Sydney, Australia, Gujarat, India, Ahmedabad, Ahmadabad, Varanasi, New Delhi, United States, Washington, Washington ,, Toulouse, France, Xian, AFP, Menlo Park , California, U.S, Pretoria, South Africa, China, Berlin, Paris, Rashtrapati, Russian, Brasilia, Glasgow, Red, Ayodhya, Uttar Pradesh, Abu Dhabi, United Arab, BJP, “

☆ In India’s 2024 election, BJP’s main opposition appears increasingly weak in face of Modi juggernaut
▼ + stars: | 2024-04-20 | by ( Helen Regan | Rhea Mogul | ) edition.cnn.com time to read: +21 min

Supporters of India's opposition party, Indian National Congress, during an election rally in Puducherry on April 15, 2024 R. Satish Babu/AFP/Getty ImagesDemocracy under threat? Dipam Bhachech/Hulton Archive/Getty Images Modi worked his way through the ranks of the BJP, establishing himself as a respected politician. Tobias Schwarz/AFP/Getty Images Modi hugs French President Emmanuel Macron after a ceremony at the Arc de Triomphe in Paris, on June 3, 2017. Brent Lewin/Bloomberg/Getty Images India's Prime Minister Narendra Modi addresses Congress at the US Capitol in Washington, DC, on June 22, 2023. Pedro Ugarte/AFP/Getty Images Modi offers a toast during a State Dinner with President Joe Biden at the White House in Washington, on June 22, 2023.

Persons: ”, Narendra Modi, Mallikarjun Kharge, Indira Gandhi, Gandhi, ” Hazari Lal Rajput, Satish Babu, Modi, Modi’s, Matthew Abbott, Hiraben, Damodardas, Dipam Bhachech, Lal Krishna Advani, Subhas Chandra Bose, Kalpit Bhachech, Kalpit, Negi Yasbant, Amit Dave, Ajit Solanki, Kevin Frayer, Saurabh Das, AP Modi, Manish Swarup, Lucas Jackson, Barack Obama, Adrien Helou, Reuters Modi, Adnan Abidi, Stringer, Mark Zuckerberg, David Paul Morris, Marco Longari, Angela Merkel, Tobias Schwarz, Emmanuel Macron, Charles Platiau, Saudi Arabia's Crown Prince Mohammed bin Salman, India's, Jair Bolsonaro, Vladimir Putin, Xi Jinping, Amit Shah, Money Sharma, Boris Johnson, Phil Noble, Anthony Albanese, Brent Lewin, Pedro Ugarte, Joe Biden, Doug Mills, Paul Mashatile, Jacoline, Imtiyaz Khan, Amr Alfiky, Arati Jerath, “, it’s, Rahul Gandhi, Rajiv Gandhi, Indira, India’s, Jawaharlal Nehru, gunning, ” Modi, shouldn’t, Mohammad Irfan, —, Arvind Kejriwal, Altaf Qadri, Kejriwal, Atishi, you’re, Jerath, Gandhi ‘, ’ Modi, Christophe Jaffrelot, CNN Modi, Rasheed Kidwai, Rahul, Diptendu Dutta, Mamata Banerjee, Muthuvel Karunanidhi Stalin, ” Kidwai, ” Jerath Organizations: CNN, Bharatiya Janata Party, BJP, Indian National Congress, Getty, Democracy, Modi’s BJP, Pew, New York Times, Rashtriya Swayamsevak Sangh, Modi, Hospital, Narendra, India Today, AP, India's, Madison, Garden, Reuters, Washington , D.C, French National Space Agency, of Yoga, Meta, Facebook, Bloomberg, European, Saudi Arabia's Crown, Rashtrapati Bhavan, Kyodo, British, Summit, Qudos Bank, White, Anadolu Agency, Anadolu, United, United Arab Emirates, Developmental Inclusive Alliance, Indian, Aadmi Party, Delhi, AAP, Aam Aadmi Party, All, Trinamool, West, All India, Congress, “, “ Democracy Locations: India, Uttar Pradesh, Ramlila, Puducherry, Modi’s, Sydney, Australia, Gujarat, Ahmedabad, Ahmadabad, Varanasi, New Delhi, United States, Washington, Washington ,, Toulouse, France, Xian, AFP, Menlo Park , California, U.S, Pretoria, South Africa, China, Berlin, Paris, Rashtrapati, Russian, Brasilia, Glasgow, Red, Ayodhya, Abu Dhabi, United Arab, INDIA, Delhi, India’s, Lok Sabha, Atishi, ”, Manipur, Siliguri, West Bengal, Tamil

☆ Narendra Modi: India’s popular but controversial leader seeking a transformative third term
▼ + stars: | 2024-04-15 | by ( Rhea Mogul | ) edition.cnn.com time to read: +26 min

Varanasi and New Delhi CNN —Indian Prime Minister Narendra Modi once famously made a simple election promise: “good days are coming”. India's Prime Minister Narendra Modi addresses his supporters during an election campaign rally in Pushkar on April 6, 2024. India's Prime Minister Narendra Modi speaking during a rally in Sydney, Australia, on May 23, 2023. Kalpit Bhachech/Getty Images Narendra Modi, then BJP secretary is welcomed at Ahmedabad Railway Station by the party's followers on January 31, 1992. Brent Lewin/Bloomberg/Getty Images India's Prime Minister Narendra Modi addresses Congress at the US Capitol in Washington, DC, on June 22, 2023.

Persons: Narendra Modi, Modi, Himanshu Sharma, Getty Images Modi, –, ”, Saba Naqvi, “, Vajpayee, Naqvi, Dileep Patel, John Mees, Akash Jaiswal, “ We’ve, ” Jaiswal, isn’t, Matthew Abbott, Hiraben, Damodardas, Dipam Bhachech, Lal Krishna Advani, Subhas Chandra Bose, Kalpit Bhachech, Kalpit, Negi Yasbant, Amit Dave, Ajit Solanki, Kevin Frayer, Saurabh Das, AP Modi, Manish Swarup, Lucas Jackson, Barack Obama, Adrien Helou, Reuters Modi, Adnan Abidi, Stringer, Mark Zuckerberg, David Paul Morris, Marco Longari, Angela Merkel, Tobias Schwarz, Emmanuel Macron, Charles Platiau, Saudi Arabia's Crown Prince Mohammed bin Salman, India's, Jair Bolsonaro, Vladimir Putin, Xi Jinping, Amit Shah, Money Sharma, Boris Johnson, Phil Noble, Anthony Albanese, Brent Lewin, Pedro Ugarte, Joe Biden, Doug Mills, Paul Mashatile, Jacoline, Imtiyaz Khan, Amr Alfiky, Patel, India’s, Jawaharlal Nehru, Indira Gandhi, Rajiv, Rahul Gandhi, Nilanjan Mukhopadhyay, “ Narendra Modi, ” Mukhopadhyay, Mukhopadhyay, ” Modi, Keshav Baliram, “ Modi, BJP Modi, Lord Ram, ” Naqvi, Critics, Christophe Jaffrelot, Karan Thapar, ” Jaffrelot, Modi’s, it’s, —, Raj, India Narendra Modi, Kenny Hoston, Ram, ” Raniva, That’s Organizations: New Delhi CNN, Indian, Bharatiya Janata Party, BJP, India's, Getty Images, Pew, CNN, World Health Organization, New York Times, Rashtriya Swayamsevak Sangh, Getty, Modi, Hospital, Narendra, India Today, Indian National Congress, AP, Madison, Garden, Reuters, Washington , D.C, French National Space Agency, of Yoga, Meta, Facebook, Bloomberg, European, Saudi Arabia's Crown, Rashtrapati Bhavan, Kyodo, British, Summit, Qudos Bank, White, Anadolu Agency, Anadolu, United, United Arab Emirates, Cambridge, today’s Congress Party, Harvard, The Times, Muslim, Australia Locations: Varanasi, New Delhi, Gujarat, Pushkar, India, “ India, United States, Brazil, “, Sydney, Australia, Ahmedabad, Ahmadabad, Washington, Washington ,, Toulouse, France, Xian, AFP, Menlo Park , California, U.S, Pretoria, South Africa, China, Berlin, Paris, Rashtrapati, Russian, Brasilia, Glasgow, Red, Ayodhya, Uttar Pradesh, Abu Dhabi, United Arab, Oxford, Vadnagar, Babri, Kadi, Kashmir, United Kingdom, Russia, Ukraine, Israel, Ghaziabad, Meerut, Jama

☆ Demand for a hot new AI role is skyrocketing — but some say it won't last.
▼ + stars: | 2024-03-16 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +8 min

Day to day, she coaxes AI models like OpenAI's GPT, utilizing natural language to manipulate the model into spitting out exactly the content she wants. "I just find it really interesting, really fun — it's like solving a word puzzle," Daniel, whose résumé also includes a prompt engineering role at LinkedIn, said. AdvertisementDaniel is part of a wave of a new kind of AI engineers — those without formal tech skills. AdvertisementDemand for prompt engineers has been skyrocketing amid the AI hype, and salaries are echoing the excitement. "I think different standards will emerge between what everybody can do and what the expert prompting engineers can do," she said.

Persons: —, Kelly Daniel, Daniel, Lazarus, Tanya Thomas, Thomas, Antropic, OpenAI's ChatGPT, Critics, Conor Grennan, Grennan, Rick Battle, Teja, Vasudev Lal, Lal, Yinuo Chen, Chen, there'll, Mark Zuckerberg's, she's Organizations: Service, LinkedIn, Google, NYU Stern School of Business, VMware, Intel Labs, Meta Locations: Beijing

☆ Bangladesh inferno kills at least 43, injures dozens more
▼ + stars: | 2024-03-01 | by ( ) edition.cnn.com time to read: +2 min

A massive fire raced through a six-storey building in Bangladesh’s capital Dhaka late on Thursday, killing at least 43 people and injuring dozens, the country’s health minister said. The fire originated in a restaurant and quickly spread to other floors, fire service officials said. At least 43 people have died and 22 others are being treated at hospitals with burn wounds, Health Minister Samanta Lal Sen told reporters after visiting the Dhaka Medical College Hospital. It was not immediately clear what caused the blaze, which was under control after two hours of frantic efforts by 13 firefighting units, the fire service officials said. Firefighters used a crane to rescue people from the charred building, the fire service officials said.

Persons: Samanta Lal Sen, Sen, Survivor Mohammad Altaf, “, ” Altaf, Firefighters, Main Uddin, Mohammad Ponir Hossain Organizations: Dhaka Medical College Hospital, Survivor, Bangladesh Fire Service, Civil Defence, Firefighters, Reuters Locations: Dhaka, Bangladesh

At least 43 people were killed and dozens were injured when a fire ripped through a shopping mall late Thursday night in Dhaka, the Bangladeshi capital, officials said. “So far, we know that 43 have died,” Dr. Samanta Lal Sen, the health minister, told reporters outside a hospital where some of the injured were being treated. Some were being treated at the Dhaka Medical College Hospital, Mr. Sen said. The fire erupted at about 9:51 p.m. on the mall’s second floor, which features a popular biryani restaurant. It quickly spread to the rest of the seven-story building, fire officials said, ripping through a clothing store on the third floor.

Persons: ” Dr, Samanta Lal Sen, Sen Organizations: Dhaka Medical College Hospital, Mr Locations: Dhaka

☆ Ayodhya temple: India’s Narenda Modi hails a new ‘divine India’ as he inaugurates Ram Mandir ahead of election
▼ + stars: | 2024-01-22 | by ( Helen Regan | Rhea Mogul | ) edition.cnn.com time to read: +11 min

By moving ahead of building the temple, now we all take the oath of building a national, capable, successful, beautiful, and divine India,” Modi said. His promise to build the Ram Mandir helped spur that initial election success. A devotee gets anoint the name of Lord Ram on his forehead ahead of the Inauguration of the Ram Mandir Temple on January 20, 2024 in Ayodhya, India. Ritesh Shukla/Getty Images“I have come here to seek blessings from Lord Ram and Sita, I am very happy today,” she said. “I have come here to seek blessing from Lord Ram, Modi has done so much,” he said.

Persons: Narendra Modi’s, Lord Ram –, Ram, ” Modi, “ Ram, Modi, Lord Ram, Rafiq Maqbool, Pran Pratishtha, Mohan Bhagwat, ”, Yogi Adityanath, Acharya Mohanjodaro Bharadwaj, Babar, Money Sharma, Maulana Badshah Khan, “, ” Khan, weaponizing, Modi “, Modi fasted, Rajesh Kumar Singh, Nilanjan Mukhopadhyay, Chandravanshi, Ritesh Shukla, Sita, Lal Singh Khushwa Organizations: CNN, “, Bharatiya Janata Party, BJP, Rashtriya Swayamsevak Sangh, Getty, Human Rights, AP, YouTube Locations: India, India’s Ayodhya, Babri, Ayodhya, Vedika, India's, Mumbai, Uttar Pradesh, New York, Square, South Asia, Sarayu, New India, US, Tamil Nadu, “, Chhattisgarh

☆ Factbox-What Are the Contentious Events Behind India's New Ram Temple?
▼ + stars: | 2024-01-20 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

(Reuters) - Indian Prime Minister Narendra Modi will lead a ceremony on Monday to consecrate a grand new temple to the Hindu god-king Ram, delivering on a campaign promise his political party made more than three decades ago. Legal battles ended in 2019 with the Supreme Court deciding to allow a Hindu temple to be built there, on condition that Muslims received another plot to build a mosque. In Dec. 1949, authorities seized the mosque after Hindu activists placed idols of Ram inside the disputed structure. Hindu and Muslim groups tried unsuccessfully to resolve the dispute through talks, before Modi's Hindu nationalist Bharatiya Janata Party (BJP) launched a nationwide campaign in 1990 to build the temple. He rode to the office of prime minister in 2014 on a Hindu nationalist platform that included the promise to build the temple.

Persons: Narendra Modi, Ram, Modi, Modi's, Nripendra Misra, Lord Vishnu, Babur, India's, Lal Krishna Advani, Krishn Kaushik, Krishna Das, YP Rajesh, Clarence Fernandez Organizations: Reuters, Indian, Bharatiya Janata Party, BJP, YP Locations: India, Ayodhya, Uttar Pradesh, New Delhi, Gujarat

AMZN mountain 2021-01-01 Amazon's stock performance since the start of 2021. CRM mountain 2021-01-01 Salesforce's stock performance since the start of 2021. DHR mountain 2021-01-01 Danaher's stock performance since the start of 2021. DIS mountain 2021-01-01 Disney's stock performance since 2021. SWK mountain 2021-01-01 Stanley Black & Decker's stock performance since the start of 2021.

Persons: It's, Eli Lilly, Salesforce, Bob Iger's, Emerson, Lal Karsanbhai, hasn't, tanked, Laxman Narasimhan, Stanley Black, Decker, –, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Federal Reserve, Dow Jones Industrial, Nvidia, Microsoft, Linde, LIN, Broadcom, Web Services, Walt Disney, Paramount, Warner Bros Discovery, Disney, Emerson, Emerson Electric, National Instruments, Google, Honeywell, Honeywell International, Technologies, Solutions, Meta, Reality Labs, Starbucks, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Seattle, Danaher's, China

[1/2] A view shows packets of snacks on the shelves inside a Haldiram's restaurant in Mumbai, India, September 6, 2023. Tata Consumer shares surged and closed nearly 4% higher in Mumbai trade after Reuters reported news of the talks. The potential acquisition represents an exciting opportunity for Tata, the person said, adding: "Tata (Consumer) is seen as a tea company. A spokesperson for Tata Consumer Products said it "does not comment on market speculation". The $10 billion valuation sought by Haldiram's for the deal translates to 6.6 times its annual revenue of $1.5 billion, sources said.

Persons: Sriram, Tata, Mukesh Ambani's, Tetley, Haldiram's, Krishan Kumar Chutani, Bain, Ankur Bisen, Manohar Lal Agrawal, Aditya Kalra, Chris Thomas, Edwina Gibbs, Alexandra Hudson Organizations: REUTERS, India Tata, Tata, Pepsi, Bain Capital, Tata Consumer Products, Starbucks, Tata Consumer, Reuters, Haldiram's, Euromonitor International, Tata Group, CNBC TV18, Bikaji Foods, Alexandra Hudson Our, Thomson Locations: Mumbai, India, MUMBAI, DELHI, Singapore, United States, Bikaji

☆ Emerson raises fiscal 2023 forecast on demand for industrial automation
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

Emerson Electric Co is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid/File PhotoAug 2 (Reuters) - U.S. engineering and industrial software firm Emerson (EMR.N) on Wednesday raised its fiscal 2023 forecast, as companies increase spending on automation in response to a tight labor market. Emerson now expects its fiscal 2023 adjusted profit from continuing operations between $4.40 and $4.45 per share, up from its previous outlook of $4.15 to $4.25 per share. The company also expects its 2023 revenue to grow about 10.5%, at the higher end of a 9%-to-10.5% growth it forecast earlier. The industrial conglomerate reported adjusted earnings per share of $1.29 for the quarter through June, beating analysts' average estimates of $1.10 per share.

Persons: Brendan McDermid, Emerson, Lal Karsanbhai, Shivansh, Shinjini Ganguli Organizations: Emerson Electric, New York Stock Exchange, REUTERS, Companies, Thomson Locations: New York, U.S, North America, St, Louis , Missouri, Bengaluru

☆ Indian business hub Gurugram remains tense after Hindu-Muslim clashes
▼ + stars: | 2023-08-02 | by ( Sakshi Dayal | ) www.reuters.com time to read: +2 min

People ride past the burnt shops following clashes between Hindus and Muslims in Gurugram district in the northern state of Haryana, India, August 1, 2023. REUTERS/Adnan AbidiNEW DELHI, Aug 2 (Reuters) - Traffic was lighter than usual on Wednesday and some streets deserted in the Gurugram business hub south of the Indian capital Delhi as authorities said the death toll from two days of Hindu-Muslim clashes in the region had mounted to seven. A total of 116 people have been arrested so far," Manohar Lal Khattar, the chief minister of Haryana state where Gurugram is located, said on Wednesday. Security forces were also on alert for planned protests by Hindu nationalist groups, including in the capital Delhi. However in 2020, over 50 people were killed in religious clashes in northeastern Delhi, the worst sectarian violence in the capital in decades.

Persons: Adnan Abidi, Manohar Lal Khattar, Subhash Boken, Narendra Modi's, Sakshi Dayal, Raju Gopalakrishnan Organizations: REUTERS, Google, Deloitte, American Express, Police, Security, Gurugram Police, Thomson Locations: Gurugram district, Haryana, India, DELHI, Delhi, Nuh, Gurugram, India's

☆ At least five killed in Hindu-Muslim clashes in India's Haryana state
▼ + stars: | 2023-08-01 | by ( Sakshi Dayal | ) www.reuters.com time to read: +2 min

NEW DELHI, Aug 1 (Reuters) - At least five people, including two police personnel, were killed in clashes between Hindus and Muslims in India's Haryana state, neighbouring capital New Delhi, on Monday, police officials told Reuters. The violence erupted when a Hindu religious procession passed through the Muslim dominated Nuh region, located around 50 kilometres away from New Delhi. He said two of the dead were members of the home guard, a voluntary force that helps police control civil disturbances. Another 10 police personnel were injured in the clashes, he added. "The guilty will not be spared at any cost, strictest action will be taken against them," he said.

Persons: Krishan Kumar, Manohar Lal Khattar, Sakshi Dayal, Simon Cameron, Moore Organizations: Reuters, Gurgaon Police, Twitter, Thomson Locations: DELHI, India's Haryana, New Delhi, Nuh, Gurugram, Gurgaon, Haryana

☆ U.S. mountaineer climbs rare Everest 'triple crown' as death toll reaches 12
▼ + stars: | 2023-05-26 | by ( Gopal Sharma | ) www.reuters.com time to read: +2 min

KATHMANDU, May 26 (Reuters) - A renowned U.S. mountain guide has achieved the rare Mount Everest region "triple crown" of climbing the Everest, Lhotse and Nuptse peaks in one season, a hiking firm said on Friday, as the season's death toll on the world's highest mountain hit 12. Madison, who owns the company Madison Mountaineering based in Seattle, climbed the smaller but technically difficult Nuptse peak, at 7,855 metres (25,770 feet), on May 8. British climber Kenton Cool, who climbed the triple crown in 2013, said Garrett was an "unflappable expedition leader" who quietly goes about his job. Cool, 49, last week set a new record of 17 summits of Everest, the world's highest peak, by a foreign climber. A Nepali, Kami Rita Sherpa, this week climbed Everest for a 28th time, the most by any mountaineer.

☆ Cramer discusses recent stock wins and losses: 'We refuse to accept defeat in the long term'
▼ + stars: | 2023-05-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

We remonstrate, but we act and stubbornly refuse to accept defeat in the long term. Start with some of the challenges DIS YTD mountain Disney YTD performance We got started too early with Walt Disney (DIS) and we got too close to the company. EMR YTD mountain Emerson Electric YTD performance Emerson Electric (EMR) infuriates me. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

In granting bankruptcy protection, the National Company Law Tribunal in New Delhi ordered a moratorium on Go First's assets and leases. But bankruptcy protection supersede lessors' repossession requests. Go First's lessors also include SMBC Aviation Capital and CDB Aviation's GY Aviation Leasing. Its voluntary seeking of bankruptcy protection to renegotiate contracts and debt marks a first for an Indian airline, and Chief Executive Officer Kaushik Khona, who was present as the order was read, hailed the tribunal's decision as "historic". The Indian tribunal said the new resolution professional will take "all necessary steps including the execution of the arbitral award".

This is the first time an Indian airline has voluntarily sought bankruptcy protection to renegotiate contracts and debt. But if bankruptcy protection is granted, those laws supersede lessors' repossession requests. Go First's lessors include major global names such as Jackson Square Aviation, SMBC Aviation Capital and CDB Aviation's GY Aviation Leasing. Two advisers to some lessors said there were major concerns that the granting of bankruptcy protection for Go First could force the lessors to embark on lengthy litigation to repossess planes. The person added that the development could lead to higher lease rates for Indian airlines in the future.

☆ India builds more hospitals as population surges but doctors in short supply
▼ + stars: | 2023-05-10 | by ( Shivam Patel | ) www.reuters.com time to read: +6 min

The problem is a lack of doctors, a shortage that is reaching crucial levels as India becomes the world's most populous nation. Inaugurating the first specialised medical institute in northeast India last month, Modi said his government had sought to increase the number of doctors by setting up more medical colleges. The number of public hospitals, excluding specialised institutes, has risen some 9% in Modi’s time at the top, government data shows. The government says there was a near 80% shortage of surgeons, physicians, gynaecologists and paediatricians at community health centres in rural India as of March 2022. Specialist doctors tend to go overseas or join the private sector in metropolitan and other large cities, said Dr K. Srinath Reddy, at the Public Health Foundation of India non-profit.

The World Health Organization said last year the syrups, made by Indian manufacturer Maiden Pharmaceuticals Ltd, contained lethal toxins ethylene glycol (EG) and diethylene glycol (DEG) – used in car brake fluid. "If you ask and you don't get informed, it's a dead end," Rutendo Kuwana, the WHO's team lead for incidents with substandard and falsified medicines, told Reuters in an interview on March 31. Drug inspectors found a dozen violations at Maiden last October related to the production of the cough syrups sold to Gambia, a government document showed. Among these, some of the COAs of raw ingredients used in making the syrups, including propylene glycol, were missing batch numbers. Kuwana said the WHO was sure of its own cough syrup test results from two separate independent laboratories, both of which showed contamination.

☆ Emerson Electric to buy NI Corp for $8.2 bln to deepen automation push
▼ + stars: | 2023-04-12 | by ( Nathan Gomes | ) www.reuters.com time to read: +2 min

April 12 (Reuters) - U.S. industrial conglomerate Emerson Electric Co (EMR.N) said on Wednesday it will buy measurement tools maker NI Corp (NATI.O) for $8.2 billion in a bid to boost its automation capabilities. The purchase will allow Emerson to tap NI's software-connected automated test and measurement systems for higher growth and margins in its automation portfolio. Emerson has executed a string of deals over the last few years to streamline itself into an industrial automation provider. The NI deal is expected to close in the first half of Emerson's fiscal 2024. Goldman Sachs & Co LLC and Centerview Partners LLC were financial advisers to Emerson on the deal, while Davis Polk & Wardwell LLP was its legal adviser.

☆ Emerson Electric to buy NI for $8.2 bln to deepen automation push
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

April 12 (Reuters) - U.S. industrial conglomerate Emerson Electric Co (EMR.N) on Wednesday said it would buy measurement tools maker NI Corp (NATI.O) for $8.2 billion in an effort to boost its automation capabilities. Emerson has executed a string of deals over the last few years to streamline itself into an industrial automation provider. The NI deal is expected to close in the first half of Emerson's fiscal 2024. Shares of Emerson, which already owns an about 2% stake in NI, fell more than 2% to $82.55 in premarket trade. NI launched a formal sale process in January after Emerson threatened to challenge its board if it did not engage in deal negotiations.

☆ Emerson Electric to buy NI Corp for $8.2 billion in automation push
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

April 12 (Reuters) - U.S. industrial conglomerate Emerson Electric Co (EMR.N) on Wednesday said it would buy measurement equipment maker NI Corp (NATI.O) for $8.2 billion in an effort to boost its automation capabilities. The purchase of Texas-based NI, which provides software-connected automated test and measurement systems, will help Emerson achieve a higher-growth and higher-margin automation portfolio. NI launched a formal sale process in January after Emerson threatened to challenge its board if it did not engage in deal negotiations. Reuters reported on Tuesday that Emerson was in advanced talks to acquire NI. Goldman Sachs & Co LLC and Centerview Partners LLC are serving as financial advisors to Emerson, while Davis Polk & Wardwell LLP is serving as legal advisor.

While advancing more than 10% to an all-time high on the deal news, National Instruments was still trading a couple of dollars below the purchase price. The technology portfolio of National Instruments is "poised to capitalize on the same secular trends as our core business today," the Emerson team added. While we don't like hostile offers, it emerged that deal or no deal Emerson would be OK as long as they didn't grossly overpay. But to be clear, the issue isn't that National Instruments is a bad company and this deal is doomed from the start. Now it's time for management to show us we were wrong and National Instruments was worth the premium price.

☆ Top US, Philippine officials to meet after expanding defense pact
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

April 5 (Reuters) - The top foreign and defense officials of the United States and the Philippines will meet in Washington next week, the U.S. State Department announced on Wednesday, just as the two countries have expanded their defense cooperation agreement. U.S. Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin will receive Philippine Foreign Affairs Secretary Enrique Manalo and defense chief Carlito Galvez on Tuesday. The near doubling of EDCA sites was achieved at a time of growing concern over China's conduct in the South China Sea and tension over self-ruled Taiwan. The locations are significant, with Isabela and Cagayan facing north towards Taiwan, while Palawan is near the disputed Spratly Islands in the South China Sea, where China has built artificial islands equipped with runways and missile systems. Reporting by Daniel Trotta, editing by Donna Bryson & Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

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