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☆ ‘Cabs to get into space’: How this Indian startup wants to revolutionize satellite space travel
▼ + stars: | 2024-04-23 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

But its private sector has played a limited role in space exploration, acting mostly as suppliers and vendors for its national space agency, the Indian Space Research Organization (ISRO). “Very few companies globally are able to make it to orbit yet.”Pawan Chandana, the co-founder of Skyroot Aerospace Skyroot Aerospace Pvt. As Indian space startups mature over the coming years, he expects the government to become a customer, enabling further growth. Many private space companies source income from governments, including Space X, which has raked in billions of dollars from US government contracts. In November 2022, Skyroot Aerospace launched India's first privately built rocket, Vikram-S. Skyroot Aerospace Pvt.

Persons: Vikram, ” Pawan Chandana, “, Pawan Chandana, Narendra Modi, ”, Susmita Mohanty, Skyroot, Chandana, ridesharing, Kari Bingen, Modi, Mohanty Organizations: CNN, Indian Space Research Organization, ISRO, Elon, SpaceX, Skyroot Aerospace, Skyroot Aerospace Skyroot Aerospace, . Ltd, McKinsey & Company, Economic, ’, LEO —, Vikram Sarabhai, Aerospace Security, Center for Strategic, International Studies, Deloitte, India’s, NASA Locations: India, United States, Hyderabad, Thiruvananthapuram, Singapore

☆ Biden says he'll ban TikTok if Congress passes bill, but he's campaigning on it until then
▼ + stars: | 2024-03-08 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +10 min

Nathan Howard | ReutersSince Biden's playful intro post, his campaign's TikTok account has notched over 222,000 followers and over 2.4 million likes. The Biden campaign didn't immediately respond to a request for comment. On the app, users were greeted with a screenshot warning them that Congress was "planning a total ban of TikTok." TikTok goes to WashingtonU.S. political campaigns more broadly are trying to figure out how best to utilize TikTok. Last April, for instance, the White House said it was enlisting a squad of volunteer TikTok and Instagram influencers to help spread awareness of the Biden campaign.

Persons: Jaap Arriens, Joe Biden, TikTok, Maggie Macdonald, Biden, Kansas City Chiefs —, Macdonald, China's ByteDance, Troy Balderson, Shou Zi Chew, Nathan Howard, Donald Trump, Aaron Earls, Biden's, Karine Jean, Pierre, didn't, influencers, it's, Kennedy, Earls, Marilyn Monroe, Joe DiMaggio, Anupam Chander, —, Vivek Ramaswamy, wouldn't, We've, we'll, Anish Mohanty, Mohanty, that's Organizations: Nurphoto, Kansas City Chiefs, University of Kentucky, Washington , D.C, U.S, Chinese Communist Party, CCP, CNBC, U.S . Capitol, Reuters, Republican, Democratic, Senate, White, Biden, Washington U.S, Facebook, Democratic National Committee, Climate Power, Georgetown University Law Center, Congress, Trump, TikTok, Republican Party Locations: Australia, Singapore, Mexico, Washington ,, U.S, Ohio, Washington , U.S, Washington, China, Gaza

☆ Singapore central bank sees regulation and innovation going together in the Web3 world
▼ + stars: | 2023-11-16 | 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 EmailSingapore central bank sees regulation and innovation going together in the Web3 worldSopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore, said this has manifested into projects, products and public consultations — all of which are the "right way to move forward."

Persons: Mohanty Organizations: Monetary Authority of Locations: Singapore, Monetary Authority of Singapore

☆ Progressives are pressing California Gov. Gavin Newsom to reverse his earlier vow to tap a Senate caretaker and instead appoint Barbara Lee to succeed Dianne Feinstein
▼ + stars: | 2023-09-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Progressives want Gavin Newsom to tap Rep. Barbara Lee to succeed Dianne Feinstein in the Senate. But such a move would reverse Newsom's earlier pledge to appoint a caretaker to the seat. "When Newsom appointed Padilla for VP seat he didn't appoint a caretaker," Khanna wrote. "She would be most prepared to step in and carry forth the work Senator Feinstein has worked on for so many decades," she told the newspaper. Lee said earlier in September that she was "troubled" by Newsom's thinking on what was then a hypothetical Senate appointment.

Persons: Gavin Newsom, Barbara Lee, Dianne Feinstein, Lee, Feinstein, Adam Schiff, Katie Porter, —, Dianne Feinstein's, Newsom, Barbara Lee —, who's, Ro Khanna, Sen, Alex Padilla, Padilla, Kamala Harris, Khanna, Newsom's, Aprill Turner, Turner, Anish Mohanty, didn't Organizations: Service, San Francisco, Golden State, Oakland, Lee's Senate, Senate, America PAC, Heights, Washington Post, Democratic Party Locations: California, San, Golden

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

☆ Global onion prices could be set to rise with India slapping an export tax on domestic production
▼ + stars: | 2023-08-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

A labourer sorting out onions at a vegetable market in New Delhi on May 30, 2023. The new levy announced Saturday acts to ensure domestic availability and cool inflation, and is effective immediately until December 31, according to the country's Ministry of Finance. Global onion prices are likely to get a positive price cue on account of India's decision. India's government in July also banned the exports of non-basmati white rice in a bid to ensure sufficient domestic supplies. "The government would like to rein [in] prices and ensure sufficient availability in the domestic market.

Persons: Arun SANKAR, ARUN SANKAR, Arun Sankar, Pushan Sharma, Samarendu Mohanty Organizations: Getty, Afp, country's Ministry of Finance, India's Department of Consumer Affairs, CRISIL Market Intelligence, P, Indian Meteorological Department, Pushan Sharma CRISIL, Intelligence, Potato Center, CNBC Locations: New Delhi, AFP, India, Maharashtra, Karnataka, oversupply, Bangladesh, Malaysia, Sri Lanka

☆ India's rice export ban to hurt millions globally. These countries will be the worst hit
▼ + stars: | 2023-08-02 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +5 min

20 Xinhua News Agency | Xinhua News Agency | Getty ImagesIndia's rice export ban could ripple across global rice markets — and millions are expected to be impacted, with Asian and African consumers set to bear the biggest brunt. The scale of people impacted by Indian rice ban will be in millions. Other affected regionsAsia is not the only region hit by India's rice export ban, many African and Middle East nations are also vulnerable. That means up to 40% of India's rice exports are now offline, according to BMI forecasts. India's rice export ban is expected to ripple across global rice markets.

Persons: Mohanty, Samarendu Mohanty, Narendra Modi Organizations: Xinhua News Agency, Getty, Barclays, El Nino, BMI, Fitch Solutions, Workers, International Potato Center, CIP Locations: Nagaon district, India's, Assam, India, Malaysia, Asia, Singapore, Thailand, Pakistan, Vietnam, Philippines, Saharan Africa, East, North Africa, Djibouti, Liberia, Qatar, Gambia, Kuwait, Cambodia, Indonesia, Bangladesh, Nepal

[1/3] A police officer patrols Mandvi beach after it was shut because of cyclone Biparjoy in the western state of Gujarat, India, June 14, 2023. Classified as a very severe cyclonic storm, Biparjoy was situated about 280 km (174 miles) from Jakhau Port in Gujarat and was expected to make landfall around Thursday evening. "As of now, our forecast is it will cross as a very severe cyclonic storm. Eight districts in coastal Gujarat are expected to be affected, the state government said. The evacuation operations will continue till today (Wednesday) evening, mainly in Kutch," said Kamal Dayani, a senior official in the Gujarat state government.

Persons: Francis Mascarenhas, Manorama Mohanty, Kamal Dayani, Sudipto Ganguly, Raju Gopalakrishnan Organizations: REUTERS, India Meteorological Department, IMD, Ships, Wednesday, Disaster Management Authority, Thomson Locations: Gujarat, India, Francis Mascarenhas AHMEDABAD, MUMBAI, Pakistan, Jakhau Port, Kutch, Saurashtra, Mandvi, Karachi, Jakhau, Pakistan's

[1/3] A man with a mobile phone takes a picture of rising waves before the arrival of the cyclonic storm Biparjoy over the Arabian Sea, in Karachi, Pakistan, June 14, 2023. The cyclone is likely to cross Saurashtra, Kutch, and neighboring Pakistan coasts on Thursday noon with winds of 125-135 kmph gusting to 150 kmph. "As of now, our forecast is it will cross as a very severe cyclonic storm. After crossing, its intensity will fall and become a cyclonic storm and depression." In neighbouring Pakistan 62,000 people were evacuated from high risk areas, according to the country's National Disaster Management Authority.

Persons: Akhtar Soomro, gusting, Sherry Rehman, Manorama Mohanty, Mrutyunjay Mohapatra, Mohapatra, Alok Kumar Pandey, Sumit Khanna, Rajendra Jadhav, Gibran Naiyyar Peshimam, Sudipto Ganguly, Raju Gopalakrishnan, Barbara Lewis Organizations: REUTERS, India Meteorological Department, IMD, Gujarat's, Disaster Management Authority, Ships, Rajendra, Thomson Locations: Karachi, Pakistan, Akhtar Soomro AHMEDABAD, MUMBAI, Jakhau Port, Indian, Gujarat, Pakistan's, Saurashtra, Kutch, Mandvi, Jakhau, India, Ahmedabad, Mumbai

MUMBAI, May 9 (Reuters) - India's national pension scheme offers "exceedingly good" returns of 9-12%, compared to most benchmarks, a top official at the pension fund regulator said on Tuesday. The National Pension Scheme, adopted in 2004, has recently come under criticism for inadequate returns, leading to a few state governments reverting to an earlier pension plan considered fiscally unviable. States that have decided to move back to a so-called old pension scheme include Rajasthan, Jharkhand, Chattisgarh, Himachal Pradesh and Punjab. The old pension scheme offered assured returns to pensioners without any contribution from the employees, which made it fiscally unsustainable for the government. Economists warned that the return to a scheme with assured returns could hurt India's attempts to improve government finances and reduce debt.

[1/5] Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port in Haifa port, Israel January 31, 2023. "The kind of fall that we are seeing in Adani stocks is scary," said Avinash Gorakshakar, head of research at Mumbai-based Profitmart Securities. After losing $86 billion in recent days, the seven listed Adani Group entities now have a combined market capitalisation of about $131 billion. LIC owned a 4.23% stake in Adani Enterprises as of end-December and more than 9% in Adani Ports and Special Economic Zone. Siddhartha Mohanty, one of LIC's managing directors, said in interviews on Monday that the insurer was engaging with the Adani Group but was positive on its investments.

☆ Indian police are looking into the death of a Russian sausage magnate critical of Putin's war in Ukraine, who died after an alcohol-fueled trip in the jungle
▼ + stars: | 2023-01-25 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +4 min

Russian sausage magnate Pavel Antov died in India in late December and was a longtime Putin ally. According to The Wall Street Journal, Indian police have discovered new details about the pair of deaths in late December. Russian lawmaker Pavel Antov died in Rayagada, India, two days after his friend, Vladimir Bydanov. Bydanov, who shared a room with Antov, died of a heart attack on Antov's birthday. Antov is at least the 19th Russian executive who has mysteriously perished throughout the course of the war, according to The Journal.

☆ Coinbase criticizes Singapore's crypto regulations, urges city-state to embrace retail trading
▼ + stars: | 2022-11-04 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

It comes after Coinbase received in-principle approval from MAS to offer digital payment token services in the city-state. "Those two things are incompatible in my mind, and I would like to see Singapore embrace retail trading and self-hosted wallets," Armstrong added. The city-state has repeatedly warned that cryptocurrencies are highly speculative and volatile after many retail investors lost large chunks of their savings. SINGAPORE – Co-founder and CEO of U.S.-based crypto exchange platform Coinbase , Brian Armstrong, said that Singapore wants to be a forward-looking regulator, but is not welcoming toward crypto trading. "Crypto should not be treated at a disadvantage; they should be treated equally with other financial service regulations."

☆ Singapore has no 'real use case' for a central bank digital currency, says MAS
▼ + stars: | 2022-11-03 | 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 EmailSingapore has no 'real use case' for a central bank digital currency, says MASSopnendu Mohanty of the Monetary Authority of Singapore, however, says central bank digital currencies can be extremely useful in emerging markets where many people are unbanked.

Karnataka state's ban on the garment in schools in February unleashed protests by Muslim students and their parents. "We have a divergence of opinion," said Supreme Court Justice Hemant Gupta, one of two judges on the panel. The chief justice would set up a larger bench to further consider the case, they said but did not say by when that could happen. Supreme Court decisions apply nationwide. "Hopefully, the chief justice will set up the larger bench soon and we will have a definitive verdict," he said by telephone.

NEW DELHI, Sept 29 (Reuters) - India's Supreme Court ruled on Thursday that a woman's lack of marital status could not deny her the choice to abort a pregnancy at any time up to 24 weeks, a decision hailed by women's rights activists. The right to abortion has proved contentious globally after the U.S. Supreme Court overturned in June its landmark decision in Roe v. Wade that had legalised the procedure in the United States. "Even an unmarried woman can undergo abortion up to 24 weeks on par with married women," said Justice D.Y. Chandrachud of India's Supreme Court, holding that lack of marital status could not deprive a woman of the right. The court added that sexual assault by husbands can be classified as marital rape under the MTP law.

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