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☆ After Meta’s ‘year of efficiency,’ industry leaders root for year of innovation
▼ + stars: | 2024-05-01 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

With many companies maintaining the "efficiency" mindset, and hiring for tech jobs remaining low, according to the iCIMS Insights April 2024 Workforce Report, innovation is at risk. Madan says companies tend to act based on fear of missing out, but this behavior can stall technological innovation. This process can be messy, which is why experts say any conversation centered around efficiency must also include innovation. Digital transformation is a core pillar of business strategy for 84% of technology and business leaders, according to the TEKsystems report. On the innovation front, he added, "The best organizations are the ones that synthesize human input with AI collaboration."

Persons: It's, Mark Zuckerberg, Ricardo Madan, they've, Zuckerberg, Madan, Chris Duffey, Duffey, Duffy Organizations: Meta, IBM, Tech, Adobe, Google, Bureau of Labor Statistics Locations: Menlo Park, Meta, California, TEKsystems, U.S

☆ 'The ultimate adventure': Why more Indian travelers are taking extreme road trips
▼ + stars: | 2024-03-11 | by ( Kalpana Sunder | ) www.cnbc.com time to read: +5 min

More Indians are taking road trips these days — both within the country and beyond, solo and in groups — as access to better vehicles and better roads grows in the country. However, Sai took her first road trip back in 2016, before it became a trend. Sai now runs an overland driving company that organizes road trips across countries like Namibia, Georgia, Armenia, Nepal and Mongolia. Source: Rishad Saam Mehta,Since then, Mehta has taken more than 100 road trips across some 50 countries. Agarwal has traveled to 92 countries and gone on road trips in six continents.

Persons: Meenakshi Sai, she's, Sai, There's, Pollachi —, Meenakshi, —, Saam Mehta, Rishad Saam Mehta, Mehta, Tushar Agarwal, Sanjay Madan, Agarwal, Madan Organizations: Tata Motors, Ferrari, Bavarian, Toyota, Ford, Discovery Locations: Coimbatore, India, St . Petersburg, Russia, Thailand, Manipur, India's, Bangkok, London, Mumbai, Poland, Uzbekistan, Meenakshi Sai, Kyrgyzstan, Namibia, Georgia, Armenia, Nepal, Mongolia, Delhi, Ladakh, China, Munich, Austrian, Spiti, Northern India, New England, Jordan, …, Australia

☆ Amazon names logistics head as new AWS CFO
▼ + stars: | 2024-01-18 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon said Thursday John Felton, the company's top logistics executive, will take over as chief financial officer of its AWS cloud computing unit. In a blog post, Doug Herrington, Amazon's worldwide retail chief, said Felton would take on a new role as senior vice president and Amazon Web Services CFO. Udit Madan, Amazon's vice president of transportation, will replace Felton. Felton has been with Amazon for nearly two decades, most recently serving as the head of its worldwide operations division. Felton will replace AWS' current CFO Richard Puccio.

Persons: John Felton, Doug Herrington, Felton, Udit Madan, Andy Jassy's, I'm, Richard Puccio, Puccio, shakeup Organizations: Amazon, Amazon Web, AWS, Street, CNBC Locations: He's

☆ Cricket-crazy fans set to add a kicker to India's economy as world cup begins
▼ + stars: | 2023-10-06 | by ( Ira Dugal | ) www.reuters.com time to read: +3 min

The cricket frenzy set to hit India as the International Cricket Council's World Cup begins in a nation of cricket-crazy fans is expected to give a short boost to the country's economy as consumers splurge to enjoy their favorite sport. "The World Cup has the potential to boost India’s GDP, more so because it coincides with the festive season," Sabnavis said. India last hosted the world cup in 2011, when 1.2 million people attended matches, according to data from brokerage house Jefferies. "On India match days, fares have shot up on average by150% for select hotels and 80% for select flights compared with the prior week," said Jefferies in a note this week. "We expect companies to run world-cup specific promotions on match days to tap this consumption boost."

Persons: Narendra Modi, Sachin Tendulkar, Amit Dave, Madan Sabnavis, Sabnavis, Jefferies, Rajesh Magow, Baroda's Sabnavis, Ira Dugal, Lincoln Organizations: Cricket, ICC Cricket, New Zealand, Narendra, Rights, International Cricket, Bank of Baroda, Hospitality, Reuters Graphics Online, homestays, Baroda's, Thomson Locations: England, New, Ahmedabad, India, Rights MUMBAI, Western India, Pakistan

☆ India’s economy grows at fastest pace in a year
▼ + stars: | 2023-08-31 | by ( ) edition.cnn.com time to read: +2 min

India’s economy grew at its quickest pace in a year in the April-June quarter, buoyed by strong services activity and robust demand, but a drier than normal monsoon season could restrain future growth. India’s Chief Economic Adviser V. Anantha Nageswaran maintained his 6.5% growth forecast for the full year. Thamashi De Silva at Capital Economics said India’s GDP data was strong despite policy tightening by the Reserve Bank of India. Food prices climbIndia’s retail inflation in July rose to its highest in 15 months as vegetable and cereals prices skyrocketed. “High food inflation for a prolonged period could weigh on consumption growth,” said Rajani Sinha, Chief Economist, CareEdge Ratings.

Persons: Anantha Nageswaran, ” Nageswaran, Thamashi De Silva, ”, Madan Sabnavis, “, Suvodeep Rakshit, Nageswaran, Rajani Sinha Organizations: Gross, Capital Economics, Reserve Bank of India, Bank of Baroda Locations: India

Sky-high food inflation after erratic monsoon rains damaged crops and disrupted supply chains. Food inflation for July hit a staggering 11.5%, far more than 4.6% in June and marking a three-year high. Even when customers do purchase fashion items, they buy far fewer than they once would have, some of the managers also said. The downturn in fashion spending has also been accompanied by a slide in spending at restaurant chains like Domino's. In some encouraging signs, tomato prices have eased off peaks and India's central bank chief last week said vegetable prices, which have begun to soften, will decline from September.

Persons: Zink London, Skechers, Kaushik Das, Madan Sabnavis, Anjali Mohanty, Tanvi Mehta, Riddhima, Dhwani Pandya, Jatindra, Saurabh Sharma, Aditya Kalra, Edwina Gibbs Organizations: NEW, Euromonitor, Reuters, Skechers USA, Deutsche Bank, Retail, Bank of Baroda, Dhwani, Thomson Locations: NEW DELHI, MUMBAI, New Delhi, Zink London, Mumbai, Bhubaneswar, Chennai, Lucknow

☆ Amazon says it’s delivering more packages in one day or less after overhauling delivery network
▼ + stars: | 2023-07-31 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

An Amazon driver loads packages into a delivery van at an Amazon delivery station on November 28, 2022 in Alpharetta, Georgia. Amazon has for years been marching toward making same-day and next-day delivery the standard for members of its Prime loyalty club. For the past four years, Amazon has poured money and resources into revamping its warehouse and delivery network to shorten shipping times from two days to one day or less. But Amazon's change cut costs and boosted delivery speeds, Madan said. Amazon plans to double the number of same-day sites in its network over the next two years, Madan said.

Persons: Amazon, Udit Madan, Madan, We've Organizations: U.S, Street, MWPVL International Locations: Alpharetta , Georgia

The change drew the ire of several P&G investors. Its new forestry policy could put it at odds with a European Union deforestation law coming into effect in about 18 months banning certain goods linked to deforestation and forest degradation. "Our ongoing efforts to keep forests as forests while continuing to serve consumers with superior-performing products, all of those efforts remain unchanged." In its new forestry policy, P&G, which also makes Tide detergent and Dawn dish soap, consolidates existing guidelines for paper packaging and palm oil, used throughout its portfolio of products. The NRDC late last year filed a complaint with the U.S. Securities and Exchange Commission (SEC) to evaluate if P&G's claims that it prohibits forest degradation were materially misleading investors.

Persons: Leslie Samuelrich, Jack McAneny, McAneny, Elrod, Gaurav Madan, Madan, Shelley Vinyard, Vinyard, Peter van der, Jessica DiNapoli, Aurora Ellis Organizations: YORK, Procter, Gamble, Green, Funds, Reuters, Commodities, United, Food, Agriculture Organization, BNP, Asset Management, Natural Resources Defense, BlackRock, Street, UBS, Legal, General, Natural Resources Defense Council, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Cincinnati, Latin America, Europe, Canada, U.S, Robeco, New York

☆ How Modi went from being banned to embraced by the United States
▼ + stars: | 2023-06-20 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

CNN —Indian Prime Minister Narendra Modi was once shunned by the United States. But in the nine years since that ban was lifted, Modi has been progressively embraced by the White House – now more than ever. Modi will also lead celebrations for the International Day of Yoga at the United Nations headquarters in New York on Wednesday, illustrating the influence of India’s soft power. US President Joe Biden meets with Modi during the Quad leaders summit at Kantei Palace in Tokyo, on May 24, 2022. Modi and Russian President Vladimir Putin pose for photographs at Hyderabad House in New Delhi, India, on December 6, 2021.

Persons: Narendra Modi, Modi, Joe Biden, Evan Vucci, Biden, Delhi’s, Modi’s, Daniel S, Markey, ” Markey, ”, “, Anthony Albanese, James Marape, Volodymyr Zelensky, aren’t, Saeed Khan, “ Modi, –, John Sifton, Sushant Singh, ’, Tanvi Madan, Vladimir Putin, Narayan, Madan, Vinay Kwatra, ” Madan Organizations: CNN, Indian, White, International, United Nations, Biden, Bharatiya Janata Party, BJP, United States Institute of Peace, Washington, Australian, Australia's, Admiralty House, Getty, Rights Watch, Amnesty International, BBC, Policy Research, Brookings Institution, Kremlin, Russia, Bloomberg, Indian Air Force, India’s Locations: United States, Washington, New York, Tokyo, India, South Asia, China, Sydney, Papua New Guinea, Japan, AFP, Asia, Gujarat, New Delhi, Delhi, Russia, Ukraine, Moscow, Russian, Hyderabad

☆ India's WPI falls for first time in 3 years in April
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies April WPI falls 0.92% on year vs 1.34% rise in MarchApril food WPI up 0.17% vs 2.32% in MarchWPI easing for the last 11 monthsNEW DELHI, May 15 (Reuters) - India's annual wholesale price index (WPI) fell for the first time in nearly three years in April, as prices softened across the board. WPI (INWPI=ECI) fell by 0.92% from the same month a year earlier, having risen 1.34% in March. "High base effect and falling commodity prices will lend downward pressure on WPI inflation this year," said Madan Sabnavis, an economist at Bank of Baroda. WPI has been easing for the last 11 months from the 20-year highs of 16.63% recorded in May 2022. Data released on Friday showed India's annual retail inflation eased to an 18-month low in April, staying well below the Reserve Bank of India's (RBI) upper tolerance limit for the second consecutive month.

☆ Amazon may prioritize items in search results depending on how close it is to you and how quickly it can be delivered
▼ + stars: | 2023-05-13 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Amazon may be prioritizing items that can be delivered to you quickly in search results. In doubling its warehouse footprint in recent years, Amazon can now ship items within regions of the US faster. According to Madan, Amazon data shows the faster items are delivered, the more likely a customer will become a return shopper. "This isn't something we could have easily done in 2019 because we had a much more sparse network," Madan told the Journal. The company also said the distance items travel between fulfillment centers and customers has decreased by about 15%.

Summary Oct-Dec GDP at 4.4% vs 4.6% Reuters forecastOct-Dec manufacturing sector down 1.1%Govt maintains 7% growth for 2022/23Economists see slowing consumer demand, possible rate hikeFeb 27 (Reuters) - India's economic growth slowed further in the December quarter as pent up demand eased and weakness in the manufacturing sector continued. Asia's third largest economy recorded year-on-year growth of 4.4% in October-December, down from 6.3% in July-September, data released by the government on Tuesday showed. The sharp fall in the year-on-year growth rate is also partly due to a fading of pandemic-induced base effects and revision to last year's growth, economists said. "We are likely to hit the 7% GDP growth target for the year," said India's chief economic advisor V. Anantha Nageswaran at a press briefing. Government spending declined 0.8% year-on-year in the December quarter compared to revised 4.1% contraction in the previous quarter.

India's annual retail inflation rate (INCPIY=ECI) rose to 6.52% in January from 5.72% in December, government data showed on Monday. January's retail inflation was above the Reserve Bank of India's upper targeted limit of 6% for the first time since October and much higher than the 5.9% estimate, according to a Reuters poll of 44 analysts. Food price inflation, which accounts for nearly 40% of the consumer price index (CPI) basket, rose to 5.94% in January from 4.19% in December. STICKY CORE INFLATIONIndia's core inflation in January was nearly flat at 6.09% to 6.10% from last month, according to two economists. "We expect core inflation to remain elevated in Feb-March given the ongoing pass-through of higher input costs by producers," said Aditi Nayar, chief economist at ICRA.

Companies Coal India Ltd FollowSINGAPORE/NEW DELHI, Jan 17 (Reuters) - India's power utilities will likely boost coal imports this year to cope with surges in demand, made worse over the past year by extreme temperatures, and with freight bottlenecks that are disrupting domestic coal supplies, analysts and officials said. Coal imports by Indian utilities more than doubled to 42 million tonnes during the first eight months of this fiscal year from April, compared with the year-ago period, despite an 11.9% increase in domestic coal supplies to utilities. Reuters GraphicsExtreme weather conditions have put an additional strain on power supplies. Disruptions to coal supply lines due to rail car shortages have compounded the problem, limiting the effectiveness of increased domestic coal production. Reuters GraphicsTrains made available by the Indian Railways to Coal India (COAL.NS), which produces 80% of India's coal, have fallen short of monthly targets for at least 21 months, government data shows.

☆ India's December wholesale inflation eases to nearly a 2-year low
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Jan 16 (Reuters) - India's annual wholesale price inflation (WPI) (INWPI=ECI)eased to its lowest levels in nearly two years, helped by a sharp fall in vegetable prices. Government data on Monday showed WPI inflation for December was 4.95% year-on-year, lower than the Reuters forecast of 5.60% and 5.85% recorded in the previous monthFood index rose 0.65% in December, with prices of vegetables falling nearly 36% year-on-year. In November, the food index rose 2.17%. "Low manufacturing inflation is a reflection of cooling global commodity prices. December WPI inflation was lowest since February 2021, according to Refinitiv data.

☆ Analysis: Fall in India nominal GDP growth in FY24 to challenge fiscal math
▼ + stars: | 2023-01-09 | by ( Ira Dugal | ) www.reuters.com time to read: +4 min

At least four leading economists expect nominal GDP growth to come in between 8% and 11% as inflation slows and real GDP growth eases from an estimated 7% this year, when pandemic-related distortions and pent-up demand pushed up growth rates. Das said he expects nominal GDP growth of 8%-9% in FY24, with inflation and real GDP growth seen declining. A growth of 8-9% would bring that number close to the 7.6% nominal growth seen in 2019/20, before the Covid crisis hit. State Bank of India and rating agency ICRA estimate the nominal GDP growth at around 10% for next financial year. "Higher-than-budgeted nominal GDP growth,(will help) to keep fiscal deficit as a percentage of GDP at 6.4%, with downside risks," it said.

The government uses the estimates as a basis for its growth and fiscal projections for the next budget due on Feb. 1. Since September, economists have been cutting their 2022/23 growth projections to around 7% due to slowing exports and risks of high inflation crimping purchasing power. India's nominal growth, which includes inflation, is projected to be at 15.4% for 2022/23, up from an earlier 11.1% estimate. "The nominal GDP growth is higher, implying that the government's fiscal deficit target will be achieved," said Sabnavis. "Buoyant albeit mixed domestic consumption should help to stave off some of the pain arising from weak exports during this period," Aditi Nayar, economist at ICRA.

☆ India's c.bank set to raise rates; outlook on growth, inflation in focus
▼ + stars: | 2022-12-07 | by ( Swati Bhat | ) www.reuters.com time to read: +3 min

Reuters Graphics Reuters GraphicsThe central bank's outlook, which will accompany the rates decision, will be an important pointer to future policy moves, economists said. Global crude oil prices have been falling in recent months but has yet to be reflected in domestic prices. Sabnavis, who does not see the RBI reducing its inflation forecast, pointed out that though global oil prices have come down, the government has not relaxed duties or taxes. "Hence, the consumer is still paying the same price and has not derived any benefit from declining oil prices." Lower oil prices may also be countered by higher than expected food prices.

NEW DELHI, Nov 30 (Reuters) - India posted annual economic growth of 6.3% in its July-September quarter, less than half the 13.5% growth in the previous three months as distortions caused by COVID-19 lockdowns faded in Asia's third-largest economy. Economists warned, however, that growth momentum may ease in the December quarter due to higher interest rates and slowing exports. "Even as domestic growth drivers on services side continue to remain robust, weakening global demand amid tightening financial conditions remains the key risk for growth outlook for India," said Garima Kapoor, economist at Elara Capital. Slowing global growth has also started to hurt exports, which fell 17% over a year ago in October. "Services on the supply side and investments in the demand side would continue to be the main drivers of growth," said Sujan Hazra, chief economist at Anand Rathi.

☆ India's Oct retail inflation eases, spurs smaller rate hike views
▼ + stars: | 2022-11-14 | by ( Manoj Kumar | ) www.reuters.com time to read: +4 min

The annual retail inflation was 7.41% in September. Food prices, which account for nearly 40% of the CPI basket, rose 7.01% in October, compared with 8.60% in September. Month-on-month retail inflation rose 0.80% in October, compared with the previous month, while retail food inflation rose 1.08% — reflecting inflationary pressures in the economy. Last week, ratings agency Moody's revised down India's GDP growth forecast to 7% in 2022, from earlier estimate of 7.7%, and to 4.8% in 2023. Excluding the volatile food and energy components, the core inflation rose 5.9% to 6.3% last month, according to three economists' estimates, compared to 6.07% to 6.1% in September.

Interpol's member countries have raised concerns about how to prepare for possible metaverse crime, Madan Oberoi, Interpol's executive director for technology and innovation, told Reuters. "Some of the crimes may be new to this medium, some of the existing crimes will be enabled by the medium and taken to a new level," he said. Phishing and scams could operate differently when augmented reality and virtual reality are involved, Oberoi said. Virtual reality could also facilitate crime in the physical world, Oberoi said. Users may also create virtual worlds with "extremist rules," the report said.

☆ India cenbank's 2013 playbook to rebuild FX reserves unlikely to work-analysts
▼ + stars: | 2022-10-18 | by ( Swati Bhat | ) www.reuters.com time to read: +5 min

Register now for FREE unlimited access to Reuters.com RegisterTo defend the rupee, the Reserve Bank of India has dipped into its forex reserves. "It would be important to rebuild FX reserves for sure. Reuters GraphicsUNPROFITABLE SPREADSBack in 2013, the RBI had offered to swap the U.S. dollars banks had raised via foreign currency non-resident (FCNR) deposits or foreign currency funding for rupees at concessional rates. And while reserves at current levels are adequate to cover more than eight months of imports, analysts say a sustained depletion could cause some concern. Bank of Baroda's Sabnavis suggested floating sovereign bonds, like the Resurgent India bonds (RIBs) India Millennium Deposit bonds (IMDs) in the past, to help boost forex reserves.

☆ The Quad is going beyond military exercises — and China is watching
▼ + stars: | 2022-07-04 | by ( Nessa Anwar | ) www.cnbc.com time to read: +1 min

The Quad, or the Quadrilateral Security Dialogue, comprises four big, democratic economies: the United States, Japan, India and Australia. The Quad countries have cooperated in areas ranging from health and infrastructure development to military exercises —most notably the Exercise Malabar naval war games, which have developed into a permanent feature of the Quad. That includes being an effective counterbalance to China's dominance in the Indo-Pacific region. "What the Quad countries individually and collectively have been concerned about is about China's behavior," Tanvi Madan, director of The India Project at the Brookings Institution, told CNBC. Watch the video above to learn more about the Quad's influence in the Indo-Pacific region.

Persons: Ted Kemp, Tanvi Madan Organizations: NATO, CNBC International, The, Brookings Institution, CNBC Locations: United States, Japan, India, Australia, China, Malabar

☆ Noutate bună pentru antreprenoare: Finanțare cu grant până la 80% în agricultură și agroturism — Moldova.org
▼ + stars: | 2021-07-05 | by ( Diana Preașcă | ) www.moldova.org time to read: +12 min

„Celor care spun că pedeapsa cu moartea nu este normal, le amintesc: și în America este pedeapsa cu moartea, și în Singapore. Pe de altă parte, crearea în masă de noi întreprinderi de stat nu ar face decât să acutizeze problemele actuale ale întreprinderilor de stat și să mărească risipa și pierderile de resurse publice. Voința politică, în primul rând, începe cu legislația, cu acte legislative, conform cărora mecanismul statului trăiește și funcționează”, susține formațiunea. De asemenea, PACE propune anularea a circa 150 de taxe și impozite și transformarea lor într-un impozit unic. Potrivit economiștilor, în lipsa unor acțiuni clare și acoperiri financiare, programul propus de PACE arată mai mult a declarații electorale și cam atât.

Persons: Andrei Donică, . Mossad, Renato, Dumitru, Mossad, Radu, Moldovei, Mihail Garbuz, Ilan Șor, Ștefan cel Mare, Renato Usatîi Organizations: Congresul Civic, PDM, Mossad, Socialiștilor, Partidul, Partidul Regiunilor, Voința, Unirea, Acasă, Grup Locations: Republica Moldova, America, Singapore, Moldova, israelian, Comuniștilor, Rusia, Republicii Moldova, Federației Ruse, republică, Moldovei, Iași, Chișinău, Odesa, Ungheni, Tiraspol, Bălți, Cahul, Galați, Europa, URSS

☆ DOC/ Promisiunile electorale ale candidaților la alegerile parlamentare anticipate: abundență de populism și lipsă de fezabilitate - Analiză Expert Grup
▼ + stars: | 2021-07-02 | by ( ) www.zdg.md time to read: +6 min

Multe din promisiunile electorale din domeniul social și economic nu sunt fezabile din punct de vedere financiar, iar propunerile unor candidați sunt chiar contradictorii principiilor economiei de piață, legislației naționale și angajamentelor internaționale asumate de Republica Moldova”. Acestea sunt principalele concluzii ale analizei componentelor socio-economice ale programelor și promisiunilor electorale ale celor 22 de candidați la alegerile parlamentare anticipate din 11 iulie 2021: „Licitație pentru alegători, din contul alegătorilor: între populism, fezabilitate și fantezii electorale”, efectuată de Centrul Analitic Independent „Expert-Grup” în colaborare cu Fundația „Friedrich Ebert” Moldova (FES). Nu este clar cum un partid ar putea revizui acest mecanism fără să calce în picioare Constituția și să atenteze la proprietatea privată a oamenilor”, a declarat Stas Madan, economist superior, „Expert-Grup”. În același timp, doi dintre candidații electorali, PACE și Blocul Electoral „Renato Usatîi”, își focusează atenția în programele lor electorale pe organele de forță și practic pe instituirea unui așa-zis stat polițienesc. În concluzie, autorii analizei menționează că majoritatea promisiunilor electorale ale candidaților pentru alegerile parlamentare anticipate de pe 11 iulie 2021 nu au acoperire financiară, or, cuantumul promisiunilor pentru următorii patru ani depășește cu mult posibilitățile bugetare.

Persons: Friedrich Ebert, Ana, Adrian, Renato Usatîi, Dumitru Organizations: Partidului Regiunilor, PRM Locations: Republica Moldova, Moldova, Republicii Moldova

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