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U.S. tech CEOs give India PM Modi boost ahead of election
  + stars: | 2024-04-18 | by ( Seema Mody | ) www.cnbc.com   time to read: +2 min
The ironclad relationship that India Prime Minister Narendra Modi has developed with CEOs of the largest U.S. tech companies is giving his nation the foreign support that India has craved for more than a decade. The promise of further economic growth in India as China's economy slows has led many American CEOs to support Modi's policies. Ahead of the election, Apple's expansion into India in particular has given Modi political clout and created more investing interest among U.S. companies, experts told CNBC. Modi has established an ongoing dialogue with a range of powerful Silicon Valley CEOs as India's national election starts. The election, which will end in early June, is expected to see more than 960 million citizens vote.
Persons: Sundar Pichai, Tim Cook, Narendra Modi, Manjari Chatterjee Miller, Modi, India's, , Pravin Krishna, Chung Ju Yung Organizations: Apple, Washington , D.C, India, Indian, CNBC, Council, Foreign Relations, Johns Hopkins University, Bharatiya Janata Party Locations: Washington ,, India, Washington, Beijing, Pakistan, South Asia, Modi's
India's economy is expected to expand by 6.5% this year, according to IMF forecasts. The world's most populous nation was keen to talk up its prospects at the World Economic Forum in Davos. Advertisement"India has seized the moment," proclaimed housing minister Hardeep Singh Puri with confidence during a panel at the World Economic Forum in Davos last month. The 10-strong group of emerging market nations now accounts for 45% of the world's population and 28% of global GDP. AdvertisementSome economists have criticized the government's narrative as a "false growth story," highlighting discrepancies in the data and criticizing the methods used to calculate economic growth.
Persons: , Hardeep Singh, Smriti Irani, BI's Spriha Srivastava, that's, Narendra Modi's, Cash, Modi, SAJJAD HUSSAIN, I've, Andy Baldwin, EY, Narendra Modi, Brazil's Luiz Inácio Lula da Silva, Dan Kitwood, Getty, ISRO Goldman Sachs, Ashoka Mody, Rajesh Kumar Singh, Vladimir Putin, Singh Organizations: Economic, Service, BI, IMF, Business, Apple, ISRO, Princeton University, World Bank, US, of, Hindustan Times, Harvard Business Locations: Davos, India, China, Japan, Brazil, China India, India's, Ukraine
India wants to host summer Games in 2036, says PM Modi
  + stars: | 2023-10-14 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Amit Dave/File Photo Acquire Licensing RightsOct 14 (Reuters) - India is interested in hosting the Olympic Games in 2036, Prime Minister Narendra Modi said on Saturday at the opening ceremony of the International Olympic Committee (IOC) session in Mumbai. "India will leave no stone unturned in our efforts to organise the Olympics in India in 2036. India is among several nations eyeing future Games, with Paris set to host the 2024 summer Olympics and Los Angeles picked for the 2028 Games. Modi also said India would look to host the Youth Olympics in 2029. "Sport is not just about winning medals but also winning hearts," he said.
Persons: Arun Haryani, Amit Dave, Narendra Modi, Modi, Andrzej Duda, Rohith Nair, Maria Ponnezhath, Mark Potter, Hugh Lawson, Toby Davis Organizations: Tokyo, REUTERS, Olympic Games, International Olympic Committee, Commonwealth Games, IOC, Cricket, Youth Olympics, Thomson Locations: Ahmedabad, India, Mumbai, Delhi, Paris, Los Angeles, Brisbane, Australia, Indonesia, Mexico, Bengaluru
[1/5] FILE PHOTO-Partha Chaudhury, 39, a worker of India's ruling Bharatiya Janarta Party (BJP), speaks with Reuters during the party's outreach program in Kolkata, India, May 30, 2023. "We want people to remember that the BJP knocked on their doors much before any opposition party worker did." "The BJP's challenge as the dominant national party is to manage voter fatigue and to sustain the enthusiasm among its cadres after two terms in power," Mehta added. "This time, the world's biggest party has launched the biggest-ever outreach to win the world's biggest elections." The BJP was beaten by a regional opposition party four years ago, even though it had strong support there, winning roughly 600,000 of the total 1.5 million votes cast.
Persons: Partha Chaudhury, India's, Avijit Ghosh, PM Modi, Chaudhury, Narendra Modi, It's, Tamoghna Ghosh, Modi, J.P, Nadda, Nalin Mehta, Mehta, isn't, Moitra, Mallikarjun Kharge, Long, Rupam Jain, Pravin Organizations: Bharatiya Janarta Party, BJP, Reuters, REUTERS, Party, PM, Bharatiya Janata Party, archrival Congress, UPES School of Modern Media, Trinamool, Krishnanagar, Pravin Char, Thomson Locations: Kolkata, India, KOLKATA, West Bengal, New Delhi, Uttarakhand, INDIA, India's, Calcutta
A man touches the place where the idol of Lord Ram will be placed inside the under-construction Hindu Ram Temple in Ayodhya in India, July 9, 2023. The site in the northern town of Ayodhya, where the temple construction is nearing completion, was bitterly contested for decades with both Hindus and Muslims laying claim to it. India's majority Hindus say the site was the birthplace of Lord Ram, and was holy to them long before Muslim Mughals razed a temple at the spot and built the Babri mosque there in 1528. A Hindu mob destroyed the mosque in 1992, triggering riots that killed about 2,000 people across India, most of them Muslims. Building a Ram temple at the site has been a central, campaign theme of Prime Minister Narendra Modi's Hindu nationalist Bharatiya Janata Party (BJP) for more than three decades.
Persons: Lord Ram, Adnan Abidi, Modi, Narendra Modi's, , Nripendra Misra, Misra, Larsen, Toubro, Sakshi Dayal, Sharon Singleton Organizations: REUTERS, Modi’s BJP, Hindu, Bharatiya Janata Party, BJP, Supreme Court, Thomson Locations: Ayodhya, India, DELHI
New Delhi CNN —When Indian prime minister Narendra Modi inaugurated the Group of 20 (G20) leaders’ summit on Saturday, he sat behind a country name placard that piqued the interest of many. “PM Modi uses placard Bharat for G20 inaugural address,” ran a headline in the Times of India, one of the country’s largest English-language outlets, moments after. Both India and Bharat are used officially in the nation of 1.4 billion people, which has more than 20 official languages. Bharat is also the Hindi word for India and is used interchangeably – both feature on Indian passports for example. But the use of “Bharat” on the G20 invites has raised eyebrows among opposition leaders.
Persons: Narendra Modi, Bharat, Modi, , “ Bharat, , , , ” Harnath Singh Yadav, Virender Sehwag, Bharat ”, ” Shashi Tharoor, Raghav Chadha, Jaishankar Organizations: New, New Delhi CNN, , Bharat, Group, Bharatiya Janata Party, BJP, Cricket, Developmental, INDIA, Aam Aadmi Locations: New Delhi, , India, Times of India, Britain, British, Indian, INDIA
India's Prime Minister Narendra Modi (2L) addresses the opening session of the G20 Leaders' Summit at the Bharat Mandapam in New Delhi on September 9, 2023. NEW DELHI — Indian Prime Minister Narendra Modi said Saturday the Group of 20 nations had reached a consensus on a joint declaration, despite differences over the war in Ukraine. Modi offered no other details on the exact wording of the communique, but the announcement suggests G20 member states have agreed on the substance of the outcome of this weekend's leaders' summit in Delhi. A press conference is scheduled to take place later on Saturday, where more details will likely be released. This is a breaking news story, please check back later for more.
Persons: Narendra Modi, Modi Organizations: India's, Bharat, NEW, Indian, Saturday Locations: New Delhi, NEW DELHI, Ukraine, Delhi, India
India PM Modi says G20 leaders' declaration adopted
  + stars: | 2023-09-09 | by ( ) www.reuters.com   time to read: +1 min
A giant screen displays India's Prime Minister Narendra Modi at the International Media Centre, as he sits behind the country tag that reads "Bharat", while delivering the opening speech during the G20 summit in New Delhi, India, September 9, 2023. REUTERS/Anushree Fadnavis Acquire Licensing RightsNEW DELHI, Sept 9 (Reuters) - Indian Prime Minister Narendra Modi said on Saturday that the G20 had reached a consensus on a leaders' declaration and announced its adoption during the first day of its annual summit. "On the back of the hard work of all the teams, we have received consensus on the G20 Leaders Summit Declaration," Modi told the bloc leaders in New Delhi, before clapping the table for a few seconds in celebration. "I announce the adoption of this declaration," Modi said, flanked by India Foreign Minister Subrahmanyam Jaishankar and Finance Minister Nirmala Sitharaman. The announcement came after delegates from the world's most powerful countries reached a compromise on language to describe the war in Ukraine, Reuters reported earlier.
Persons: Narendra Modi, Anushree, Modi, Subrahmanyam Jaishankar, Nirmala Sitharaman, Chris Thomas, Jacqueline Wong, Kim Coghill Organizations: International Media Centre, REUTERS, Indian, India Foreign, Reuters, Thomson Locations: New Delhi, India, DELHI, Ukraine, Russia
Biden's meeting with PM Modi focused on defense and energy deals
  + stars: | 2023-09-08 | 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 EmailBiden's meeting with PM Modi focused on defense and energy dealsCNBC's Seema Mody joins 'The Exchange' to discuss President Biden meeting with India's Prime Minister Modi.
Persons: Modi, Seema Mody, Biden Organizations: India's
Rahul Gandhi, a senior leader of India's main opposition Congress party, arrives at the parliament after he was reinstated as a lawmaker, in New Delhi, India, August 7, 2023. "You have killed mother India in Manipur," Gandhi said as opposition lawmakers thumped their desks and their government counterparts booed him. New Delhi has rushed tens of thousands of additional security forces to the state of 3.2 million people but sporadic violence continues. "Our prime minister has not gone to Manipur because for him Manipur is not in India," Gandhi said. Modi was not present in parliament when Gandhi spoke but he is due to address it on Thursday before it is put to vote.
Persons: Rahul Gandhi, India's, Stringer, Modi, Manipur Modi, Narendra Modi's, Gandhi, YP Rajesh, Simon Cameron, Moore Organizations: REUTERS, Wednesday, Bharatiya Janata Party, BJP, MANIPUR Gandhi, YP, Thomson Locations: New Delhi, India, Manipur Gandhi, Manipur, DELHI, United States, MANIPUR, Kuki, Haryana, BJP
The nation's booming tech scene, buoyant stock market, and youthful population are just some of the factors going for it. Billionaire investor Ray Dalio has said the country is ready for rapid growth, while Elon Musk has highlighted the prospect of Tesla building a factory there. Apple CEO Tim Cook has also voiced his optimism toward India, while Goldman Sachs predicts the South Asian economy to surpass the US in size by 2075. Goldman Sachs expects the South Asian nation's GDP to surge to $52.5 trillion by then, from $3.4 trillion at the end of 2022. His sanguineness toward India has seen Apple open its first two stores in the country earlier this year.
Persons: Ray Dalio, Elon Musk, Tim Cook, Goldman Sachs, Here's, Tesla, Musk, Narendra Modi, Modi, Dalio, Deng Xiaoping, Mark Mobius, Mobius, , He's Organizations: Service, Billionaire, Apple, Wall, Elon, Twitter, Reuters, Bridgewater Associates, Bloomberg, Big Tech Locations: India, Wall, Silicon, China, Washington, Beijing
But despite previous personality clashes and power ambitions, the 26 opposition leaders appear unified in one goal: to overturn Modi. India's opposition leaders announce their alliance in Bengaluru, India, July 18, 2023. APGathering of important partiesCoined to evoke a sense of nationalism ahead of the 2024 general election, the INDIA alliance in a statement last week emphasized its goal of upholding the country’s democratic institutions. Modi described the INDIA alliance as a “hardcore corruption convention,” adding the BJP was on course to clinch another victory in 2024. Sanchit Khanna/Hindustan Times/Getty ImagesNo clear leaderWhile the BJP can bank on the popularity of Modi, the INDIA alliance has not yet put forward a leader to challenge him next year.
Persons: Narendra Modi, Modi, Indira Gandhi, Rahul Gandhi, , Niranjan Sahoo, PM Modi, tabling, , Gilles Verniers, Sahoo, ” Sahoo, ” Rahul Gandhi, Sanchit Khanna, Gandhi, India’s, INIDA, shivers Organizations: New, New Delhi CNN, Developmental Inclusive Alliance, Bharatiya Janata Party, BJP, INDIA, Indian National Congress, Analysts, PM Modi’s BJP, New Delhi’s Observer Research Foundation, PM, Samajwadi Party, Aam Admi Party, Ashoka University and Co, Trivedi, Political, Congress, Ashoka University, Hindustan Times, Modi, Observer Research Foundation Locations: New Delhi, India, INDIA, Bengaluru, BJP, restive, Manipur, West Bengal, India’s, Uttar Pradesh, Delhi, Lok, Karnataka
BAMBOLIM, India July 22 (Reuters) - India has had an "encouraging" response from other countries to its proposal to build a transnational grid to enhance energy security, Prime Minister Narendra Modi said on Saturday. "We are promoting this mutually beneficial cooperation with our neighbors in this region. And I can tell you, we are seeing encouraging results," Modi told G20 group energy ministers. Reporting by Nidhi Verma in Bambolim, Writing by Sarita Chaganti Singh in New Delhi; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.
Persons: Narendra Modi, Modi, Nidhi Verma, Sarita Chaganti Singh, Robert Birsel Organizations: Thomson Locations: BAMBOLIM, India, Bambolim, New Delhi
NEW DELHI, July 20 (Reuters) - Indian Prime Minister Narendra Modi on Thursday called the alleged sexual assault of women in the northeastern state of Manipur "shameful", urging heads of state governments to ensure the safety of women. Videos have surfaced on social media purporting to show two women paraded naked on a street in violence-hit Manipur after what townspeople on the videos say was a gang rape. State police have made the first arrest in the case, Manipur Chief Minister Biren Singh said on Twitter, without specifying how many people were arrested. "In a constitutional democracy it is unacceptable," said Chief Justice of India D.Y. Reporting by Tanvi Mehta and Arpan Chaturvedi; Editing by Sudipto Ganguly and William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons: Narendra Modi, Biren Singh, Singh, Chandrachud, Modi, Tanvi Mehta, Arpan Chaturvedi, Sudipto Ganguly, William Mallard Organizations: Indian, State, Twitter, Thomson Locations: DELHI, Manipur, India
Foxconn said Monday it's scrapping a $20 billion JV with Indian conglomerate Vedanta to make semiconductors. Other plans to boost India's chipmaking sectors are also progressing slowly. The two companies signed an agreement in February 2022 to form a joint venture, or JV, to manufacture semiconductors in India. Apart from Foxconn abandoning its JV with Vedanta, two other chipmaking ventures are also in limbo. A $3 billion venture under global consortium ISMC — which counts Israel's Tower Semiconductor as a partner — has stalled, as Tower is in the process of being acquired by tech bigwig Intel, Reuters reported on June 1.
Persons: Foxconn, Narendra Modi's, Taiwan's Foxconn, Apple —, Narendra Modi, , hasn't, Rajeev Chandrasekhar, editorializing abt, Modi Organizations: Vedanta, Indian, Morning, Apple, JV, Hai Technology Group, Taiwan Stock Exchange, Taiwan Semiconductor Manufacturing Company, ISMC, Semiconductor, Intel, Reuters, Micron, JV Vedanta, India Locations: India, Taiwan, China, Gujarat, Taiwan Straits, Singapore, Indias
[1/2] U.S. President Joe Biden and India's Prime Minister Narendra Modi attend an official state dinner at the White House in Washington, U.S., June 22, 2023. Biden and Modi gathered with CEOs including Apple's (AAPL.O) Tim Cook, Google's (GOOGL.O) Sundar Pichai and Microsoft's (MSFT.O) Satya Nadella. Modi, who has appealed to global companies to "Make in India," will also address business leaders at the Kennedy Center for Performing Arts. Modi praised Gopalan for keeping India "close to her heart" despite the distance to her new home, and called Harris "really inspiring." On Friday evening, Modi will address members of the Indian diaspora, many of whom have turned out at events during the visit to enthusiastically fete him, at times chanting "Modi!
Persons: Joe Biden, Narendra Modi, Elizabeth Frantz WASHINGTON, Modi, Biden, Tim Cook, Sundar Pichai, Satya Nadella, Sam Altman, OpenAI, Sunita Williams, Anand Mahindra, Mukesh Ambani, Farwa Aamer, John Kirby, Kirby, India's, Kamala Harris, Antony Blinken, Harris, Shyamala Gopalan, Gopalan, Steve Holland, Simon Lewis, Jeff Mason, Trevor Hunnicutt, Don Durfee, Grant McCool Organizations: India's, White, REUTERS, Indian, U.S, NASA, Mahindra Group, Reliance Industries, Kennedy Center for Performing Arts, FedEx, MasterCard, Adobe, South China Seas, South, Asia Society Policy Institute, White House, Washington, State Department, Bharatiya Janata Party, BJP, Thomson Locations: Washington , U.S, Washington, China . U.S, India, United States, CHINA, Beijing, China, South, South Asia, New Delhi, Taiwan, Russia, Moscow, Ukraine, American
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech CEOs meet President Biden and Indian PM Modi at the White HouseTech executives like Apple CEO Tim Cook visit the White House for a meeting with U.S. President Biden and Indian PM Narendra Modi.
Persons: Biden, Modi, Tim Cook, Narendra Modi Organizations: Email Tech, Indian, White House Tech, Apple, White, U.S
Indian PM Modi to meet CEOs as Washington visit concludes
  + stars: | 2023-06-23 | by ( ) www.reuters.com   time to read: +3 min
[1/2] U.S. President Joe Biden and India's Prime Minister Narendra Modi attend an official state dinner at the White House in Washington, U.S., June 22, 2023. REUTERS/Elizabeth FrantzWASHINGTON, June 23 (Reuters) - Indian Prime Minister Narendra Modi will meet U.S. and Indian business leaders in Washington on Friday, the final day of a state visit marked by pledges of deeper U.S.-India cooperation on areas including space, artificial intelligence and quantum computing. 2 position in the White House, and Secretary of State Antony Blinken. The White House also announced plans to cooperate on quantum computing, scientific research and technological innovation, alongside plans to manufacture weapons in India. On Friday evening, Modi will address members of the Indian diaspora, many of whom have turned out at events during the visit to enthusiastically fete him, at times chanting "Modi!
Persons: Joe Biden, Narendra Modi, Elizabeth Frantz WASHINGTON, Modi, Kamala Harris, Antony Blinken, India's, Biden, Simon Lewis, Don Durfee, Grant McCool Organizations: India's, White, REUTERS, Indian, U.S, State Department, Kennedy Center for Performing Arts, FedEx, MasterCard, Adobe, Tech Mahindra, Congress, Thomson Locations: Washington , U.S, Washington, India, American, Delhi, China, Beijing, Taiwan, Russia, Moscow, Ukraine
Big Tech CEOs meet with Biden and Indian PM Modi
  + stars: | 2023-06-23 | by ( Seema Mody | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Tech CEOs meet with Biden and Indian PM ModiCNBC’S Seema Mody joins 'Power Lunch' to report on Biden's meeting with big tech CEOs.
Persons: Biden, Modi, Seema Mody Organizations: Big Tech, Indian
Ray Dalio praised India's economic potential Thursday after meeting with the country's prime minister Narendra Modi. The Asian country is "at the brink of the fastest growth rates and biggest transformations in the world," the billionaire investor said. Tesla CEO Elon Musk also met Modi this week, pledging to ramp up the EV maker's presence in India. Legendary investor Mark Mobius also said he was bullish on investing in India – which logged strong GDP growth of 7.2% last year – this week. Read more: Legendary emerging markets investor Mark Mobius — who's known for his bullish views on China — is now setting his sights on India
Persons: Ray Dalio, Narendra Modi, Elon Musk, Modi, , Dalio, Deng Xiaoping, Mark Mobius, Mobius Organizations: Service, Bridgewater Associates, Twitter, Mobius Capital Partners, Bloomberg Locations: India, Washington, Beijing, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndian PM Modi travels to DC for meetings with President Biden and CEOsCNBC's Seema Mody discusses two chip deals announced during Modi’s visit to the White House.
Persons: Modi, Biden, CNBC's Seema Mody Organizations: DC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk says Tesla intends to make a 'significant' investment in India after meeting with PM ModiTesla CEO Elon Musk met with Indian Prime Minister Narendra Modi. Musk said he is a "fan" of Modi and discussed potential investment by Tesla in India, CNBC's Arjun Kharpal reports.
Persons: Elon, Tesla, Modi, Elon Musk, Narendra Modi, Musk, CNBC's Arjun Kharpal Organizations: Modi Tesla, Indian, Tesla Locations: India
He has not addressed a single press conference in India since becoming prime minister about nine years ago. In May 2019 he attended a press conference but never took questions. White House national security spokesperson John Kirby said the White House understands the press conference is a "big deal." "We are just grateful that Prime Minister Modi is participating in a press event at the end of the visit," Kirby said. The format of the press conference will include one question from the U.S. press and one from an Indian journalist, Kirby said.
Persons: Narendra Modi, Modi, Mohammed, Read, Joe Biden, John Kirby, Kirby, Biden, Katharine Jackson, Steve Holland, Kanishka Singh, Doina Chiacu, Heather Timmons, Grant McCool Organizations: Indian, United Nations General Assembly, REUTERS, White House, U.S ., White, U.S, Bharatiya Janata Party, United, Thomson Locations: New York, United States, WASHINGTON, India, U.S, Indian, backsliding
WASHINGTON, June 2 (Reuters) - U.S. congressional leaders on Friday invited Indian Prime Minister Narendra Modi to address a joint meeting of the House of Representatives and Senate on June 22, one of the highest honors Washington affords to foreign dignitaries. The speech would be Modi's second to a joint meeting of the U.S. legislature, a rare honor for a leader once denied a visa to enter the United States over human rights concerns. The State Department's annual report on human rights practices released in March listed "significant human rights issues" and abuses in India. Addresses to joint meetings of Congress are generally reserved for the closest U.S. allies or major world figures. In their letter, McCarthy, Schumer, McConnell and Jeffries said the address would celebrate the enduring friendship between the United States and India.
Persons: Narendra Modi, Kevin McCarthy, Chuck Schumer, Mitch McConnell, Hakeem Jeffries, Modi, Joe Biden, Yoon Suk, Volodymyr Zelenskiy, Jawaharlal Nehru, George W, Bush, McCarthy, Schumer, McConnell, Jeffries, Patricia Zengerle, Doina Organizations: Indian, Washington, Republican, Democratic, White House, Bharatiya Janata Party, South, Senate, Thomson Locations: U.S, United States, China, India . New Delhi, Washington, Russia, Ukraine, Delhi, Indian, Gujarat, India
Apple CEO meets India PM Modi, commits to growth and investment
  + stars: | 2023-04-19 | by ( ) www.reuters.com   time to read: +1 min
NEW DELHI, April 19 (Reuters) - Apple Inc (AAPL.O) Chief Executive Officer Tim Cook on Wednesday committed to growth and investment across India in meeting with the country's prime minister, Narendra Modi, in New Delhi. Cook is on a visit to India this week and inaugurated the iPhone maker's first retail store in the country on Tuesday in Mumbai. Apple will also open a retail store in New Delhi on Thursday. "Glad to exchange views on diverse topics and highlight the tech-powered transformations taking place in India," Modi said. Reporting by Shivam Patel in New Delhi; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
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