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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Huge growth' in India's power demand in the next decade: Tata Power CEOPraveer Sinha, CEO of Tata Power, discusses what the company is doing to boost its renewable energy capacity.
Persons: Praveer Sinha Organizations: Tata Power
Air India Express operates more than 2,500 flights each week, servicing 45 domestic and international airports, according to its website. Around 100 cabin crew called in sick “at the very last minute” late on Tuesday, a source familiar with the incident told CNN. Since then, the Indian conglomerate has announced plans to merge Air India Express with AIX Connect, another of Air India’s subsidiary carriers. Air India Express said in Thursday’s statement that passengers whose flight is canceled, or delayed by more than three hours, can get a full refund or reschedule their flight for free. Air India will support the budget carrier through the current disruption by operating flights on 20 of its routes, it added.
Persons: Organizations: London CNN, Air India Express, CNN, ” Air India Express, Air India, Tata Group, AIX Connect, Air India’s, Air Locations: Air India
Fellow billionaire Gautam Adani, founder of the Adani group, was also invited. Reliance Industries and the Adani Group are sprawling conglomerates worth over $200 billion each, with established businesses in sectors ranging from fossil fuels and clean energy to media and technology. As a result, these three men — Modi, Ambani and Adani — are playing a fundamental role in shaping the economic superpower India will become in the coming decades. Both Adani and Ambani have become key allies as the country embarks on this revolution. “India cannot grow rich before it becomes old on the back of a few big firms like Adani or Ambani,” he said.
Persons: Mukesh Ambani, Mark Zuckerberg, Bill Gates, Ivanka Trump, popstar Rihanna, David Blaine, Ambani, Gautam Adani, Jeff Bezos, , Rohit Lamba, Narendra Modi, — Modi, Adani, Noemi Cassanelli, , John D Rockefeller, Vanderbilt, James Crabtree, Modi, Guido Cozzi, Cozzi, Ambani’s, Dhirubhai, helms, Cantor Fitzgerald, Cantor, ’ Ambani, Amit Dave, Hindenburg’s, ferociously, ” Cantor, Modi’s, Prasanna Tantri, Crabtree, Lamba Organizations: New, New Delhi CNN —, Reliance Industries, Pennsylvania State University, Investors, Adani, CNN, Adani Realty, Frick, Astor, Carnegie, Samsung, Hyundai, World Bank . Coal, University of St, Adani Group, Reliance, Reliance Industry, Adani Enterprises, AEL “, Tata Group, Modi, India’s, Hindenburg, GQG Partners, Indian School of Business Locations: New Delhi, Gujarat, Davos, Coachella, Silicon Valley, India, China, Mumbai, Antilia, America, Asia, Britain, South Korea, Worth, United Kingdom, University of St Gallen, Switzerland, American
CNN —Luis Suárez scored a hat trick for Inter Miami on Saturday, but it is not that impressive feat which is the focus of attention. Instead, it is once again Lionel Messi dominating headlines courtesy of a performance which almost defied belief. In a 6-2 victory over the New York Red Bulls, Messi broke two MLS records. Last week, in Miami’s victory over New England Revolution, Messi had set two other MLS records. Messi and Suárez formed a formidable partnership while at Barcelona and the pair have seamlessly transferred that understanding onto the pitch when playing for Miami.
Persons: CNN — Luis Suárez, Lionel Messi, Messi, , Gerardo “ Tata ” Martino, Suárez, Dante Vanzeir, Matías Rojas, Rojas, Emil Forsberg Organizations: CNN, Inter Miami, New York Red Bulls, MLS, Argentine, Chase, New England Revolution, Miami, Messi, Eastern Conference, CF Montreal Locations: Barcelona, New York
CNBC's Inside India newsletter: Will AI make or break India?
  + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +9 min
But one that could foreshadow India's growth story. Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI? But it's likely to be a blip for India's growth trajectory, given the macro forces at play. Besides creating jobs that are less likely to be immediately disrupted by AI, India could also be a net beneficiary of artificial intelligence. The Indian stock market indexes, Sensex and Nifty 50 , are heading for a positive week again — up by 1% and 1.2%, respectively.
Persons: Findlay Kember, Klarna, ChatGPT, K Krithivasan, Krithivasan, Narendra Modi, It's, Shilan Shah, Goldman Sachs, Vinay Dwivedi, Ashok Gulati, Nomura, League Pickleball, Karine Jean, Pierre, Jerome Powell, Raghuram Rajan, Ashish Jain, CNBC's Ayushi Jindal Organizations: AFP, Getty, India's Tata Consultancy Services, Financial Times, TCS, World Bank, International Monetary Fund, University of Oxford, Capital Economics, Investment, Nomura, Qualcomm, Powerchip Semiconductor Manufacturing, UPI, India, Commission, Agricultural, United Pickleball Association, Global Sports, PPA, League, Washington Post, White, U.S ., Federal, CNBC, Reserve Bank of India, University of Chicago Booth School of Business Locations: Swedish, Paris, India, Chennai, U.S, Europe, China, Singapore, South Korea, Canada, United States
"When India as a market gets attention, more and more players and investments will come in. Numbers are still constrained because consumers don't have compelling choices," Chaba told CNBC's Sri Jegarajah in Gurugram, India. India's electric vehicle sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India's CEO Emeritus Rajeev Chaba said. Tesla CEO Elon Musk postponed a scheduled trip to India this week where he was to meet Prime Minister Narendra Modi, citing "heavy Tesla obligations." It'll be good for the industry, good news for the country, and for serious players like us."
Persons: Tesla, Chaba, EVs, CNBC's, Rajeev Chaba, Elon Musk, Narendra Modi, Maruti Suzuki, It'll, Musk Organizations: Bain & Company, CNBC's Sri, Motor, Reuters, Tesla, Tata Motors, Mahindra, Maruti Locations: India, CNBC's Sri Jegarajah, Gurugram, New Delhi, Mumbai
CEO of Tata Consultancy Services discusses its growth outlook
  + stars: | 2024-04-15 | 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 EmailCEO of Tata Consultancy Services discusses its growth outlookK. Krithivasan, CEO of Tata Consultancy Services, discusses the company's growth outlook in light of uncertain macroeconomic conditions.
Persons: Krithivasan Organizations: Tata Consultancy Services
Tata Communications: We do not underestimate competitors
  + stars: | 2024-04-10 | 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 EmailTata Communications: We do not underestimate competitorsAmur Lakshminarayanan, CEO of Tata Communications, discusses becoming a challenger in the U.K. and Irish markets.
Organizations: Tata Communications, Lakshminarayanan
Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement on plans to invest and open a new factory in the country, two sources with direct knowledge said. Reuters is first to report details of Musk's planned India visit. Reuters has previously reported that Tesla officials are expected to visit India this month to look at sites for a manufacturing plant that would require an investment of about $2 billion. Musk said this week on X that "India should have electric cars like every other country has electric cars. It's a natural progression to provide Tesla electric vehicles in India".
Persons: Tesla, Elon Musk, Narendra Modi, Modi, Musk's, Musk, EVs Organizations: Reuters, Tata Motors Locations: India, New Delhi, New York, U.S
Tata Group currently owns a 51% stake in Vistara, and the remaining 49% is owned by Singapore Airlines. India's Vistara airline has cut flights following cancelations and delays all week as pilots have been on a strike of sorts over salary revisions. Tata Group, which owns a 51% stake in Vistara — the remaining 49% is owned by Singapore Airlines — announced its merger with Air India. Pilots used to "get the same amount of money" whether they flew for 10 or 70 hours earlier — even though the minimum was 70 — he said. The new structure will cut the salary from about $7,400 (for 70 hours but not always enforced) to $5,200 for a strict 40 hours, he said.
Organizations: Tata Group, Singapore Airlines, Air India, Singapore Airlines —, CNBC, Pilots, Tata Locations: Vistara, Air India, India
How India is challenging China as Asia's tech powerhouse
  + stars: | 2024-04-05 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +30 min
New Delhi has sought to woo foreign tech companies and has been increasingly successful, with giants like Apple increasing their presence in the country. Tom Chitty: For years China has been Asia's tech powerhouse where the world's electronics and some of the biggest companies on the planet are located. And I think India is in the very early stages, to put it quite bluntly, of trying to do that. Tom Chitty: India have got an election this year as well, which is going to be interesting to see what happens there. You know, India has aligned itself slightly more to the countries that are currently a bit more anti-China, shall we say?
Persons: Tom Chitty, Arjun Kharpal, It's, Let's, I'm, Arjun, You'll, We're, we've, what's, gunning, Narendra Modi, it's, Tom, Modi, Trump, Apple, COVID, there's, Taiwan's, that's, Karen Tso, China's, Tim Cook, Raghuram Rajan, We've, feasibly, India's, let's, he's, you've, we'll, I've, We'll Organizations: Apple, CNBC, China, India's, Foxconn, Micron, Tata Electronics, Taiwan's Powerchip Semiconductor Manufacturing Corp, Reserve Bank of India, CCP, Samsung, Bain, India, London Locations: China, Tencent, Asia, India, Delhi, Washington, Beijing, American, COVID, U.S, Brazil, Vietnam, Indonesia, Thailand, Taiwan, South Korea, Bangalore, Goa, Kolkata, Mumbai, Europe, Silicon, New York, Germany
Maruti Suzuki, Tata Motors and Mahindra & Mahindra reported higher car sales in March, wrapping up fiscal 2024 at record levels, monthly data from the automakers showed on Monday. Maruti Suzuki , Tata Motors and Mahindra & Mahindra reported higher car sales in March, wrapping up fiscal 2024 at record levels, monthly data from the automakers showed on Monday. Each month, automobile makers in India release wholesale numbers, or vehicle sales to dealers. A surge in domestic sales of pricier sport utility vehicles, or SUVs, last year has extended into 2024. Utility vehicles accounted for nearly 60% of total passenger vehicle sales from April 2023 to February 2024, according to industry data.
Persons: Maruti Suzuki Organizations: Tata Motors, Mahindra Locations: India
In this photo illustration, a Gemini logo is seen displayed on a smartphone with a Google logo in the background. "However, depending on the data that Gen AI is trained on, the model learns and reflects that in its outputs," he said. Crucial to managing issues of potential bias in AI is to have clear processes in place and prioritize responsible AI from the beginning, said Joe Atkinson, chief products and technology officer at consulting firm PwC. "For example, a healthcare chatbot powered by generative AI can provide explanations for its diagnoses and treatment recommendations, helping patients understand the underlying factors and mitigating potential biases in medical advice." Diversity in AI development teams, dataCompanies also need to create diverse and inclusive development teams.
Persons: Siva Ganesan, Joe Atkinson, Atkinson, Ritu Jyoti, Jyoti, Ganesan Organizations: Google, Cloud, Tata Consultancy Services, International Data Corp
India wants to be among the world's top five semiconductor producers in the next five years, said Ashwini Vaishnaw, minister of electronics and information technology, railways and communications. The chip industry "is a very complex market, and global value chains and global supply chains are extremely complex in the current context," Vaishnaw said on CNBC's Street Signs Asia on Friday. As of December, Taiwan holds about 46% of global semiconductor foundry capacity, followed by China (26%), South Korea (12%), the U.S. (6%) and Japan (2%), according to market intelligence firm TrendForce. I call it 'trust shoring' because there is a global trust in India," Vaishnaw said. "A lot of our chips are designed in India, and that presence in India is also creating opportunities for a number of Indian companies."
Persons: Ashwini Vaishnaw, Vaishnaw, Narendra Modi, Frank Huang, Rajeev Chandrasekhar Organizations: Qualcomm, CNBC, Tata Electronics, Powerchip Semiconductor Manufacturing Corp, PSMC, Economic Times Locations: India, Taiwan, China, South Korea, U.S, Japan, Chennai
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
But critics say it showed a telling disregard for the struggles of the many millions of Indians living in poverty. Spanning three days, the pre-nuptial event included a private performance by Rihanna, which estimates suggest cost up to $9 million. AdvertisementTripathi pointed out that 800 million of India's 1.4 billion population receive monthly food rations of wheat or rice. Sohini Kar, an associate professor at the London School of Economics, whose work focuses on urban India, told BI she agrees. Anant Ambani and Radhika Merchant serve traditional Gujarati food to villagers ahead of their pre-wedding celebrations on the outskirts of Jamnagar, India.
Persons: , Anant Ambani, Asia's, Radhika Merchant, Rihanna, Nita Ambani, Shyam Bihari, WaterAid, Haldia, Rakhi Tripathi, Tripathi, Sohini Kar, Kar, St Louis Fed, Mukesh Ambani, Ratan Tata, Nita, Stringer Organizations: Service, Business, Bank, New, of Management, London School of Economics, BI, Oxfam International, St, Bloomberg, Architectural Digest, Reliance Foundation, Reuters Locations: India, Delhi, Asia, Mumbai, Jamnagar, Gujarat
Super Micro , Tokyo Electron Device , Meta Platforms , Tata Motors and Mitsui are among the stocks that have seen the most significant gains over the past year. According to FactSet, their share price movement correlates between 93% and 98% of the time with Nvidia's stock. Super Micro Super Micro, which makes computer servers, has benefitted directly from using Nvidia's AI chips in its products. Tokyo Electron Device Tokyo Electron Device is a distributor of Nvidia's chips in Japan. Tokyo Electron Device is a listed subsidiary of Tokyo Electron , Japan's largest chip-manufacturing equipment maker.
Persons: FactSet, Meta, Mark Zuckerberg, Paul Meeks, Meeks, , Jonathan Vanian, Weizhen Tan Organizations: Nvidia, CNBC Pro, Nvidia's, Tata Motors, Mitsui, Microsoft, Meta, Facebook, Super, Tech, Portfolio Management Locations: Tokyo, Japan
CNN —Lionel Messi and Luis Suárez both scored twice as Inter Miami cruised past Orlando City 5-0 in the Florida derby on Saturday. This was the biggest margin of victory in Miami’s short history, underlining the team’s credentials as a strong contender to win this season’s MLS Cup. Suárez scores his second goal inside 11 minutes against Orlando City. “We are aware of the team that we have and we are working towards fighting for the MLS Cup,” Messi said after the match. Orlando, which drew its opening MLS game against Montréal, plays Mexican side Tigres in the Champions Cup on Tuesday.
Persons: Lionel Messi, Luis Suárez, Messi, Suárez, we’ve, I’ve, Gerardo “ Tata ” Martino, Julian Gressel, Orlando, Robert Taylor, Megan Briggs, Jordi Alba’s, ” Messi Organizations: CNN, Inter Miami, Orlando City, Miami, Orlando, MLS, Chase, Major League Soccer –, Getty Images Miami, Real, LA Galaxy, Eastern Conference, Nashville, Concacaf, Montréal, Tigres Locations: Florida, Barcelona, Argentine, Real Salt, Mexican
Researchers inside the semiconductor fabrication lab at the Centre for Nano Science and Engineering, at the Indian Institute of Science, in Bangalore on June 30, 2018. India has approved building three semiconductor plants with investments of more than $15 billion as the country aims to become a major chip hub. With these units, our country will develop capabilities in chip fabrication. Advanced packaging technologies will be indigenously developed in India," according to a government statement on Thursday. The factory will focus on the mature 28-nanometer technology, namely in industries such as automobiles, consumer electronics and defense.
Persons: Taiwan's Organizations: Nano Science, Engineering, Indian Institute of Science, U.S ., Tata Electronics, Semiconductor Manufacturing Corp, Tata Semiconductor Assembly Locations: Bangalore, India, U.S, Taiwan, South Korea, Dholera, Gujarat, Morigaon, Assam
The new plane launched on domestic routes, like Bengaluru and Mumbai, in January and will eventually launch overseas, Air India says. It's very likely to fly to the US, though Air India has yet to release specific cities. Air India's business class is also way behind industry standards. Flight attendants and pilots are getting a makeoverIn December, Air India released photos of its new crew uniforms. Ground staff, engineers, and security personnel are also set to get new uniforms, which Air India said it will reveal in "due course."
Persons: , Campbell Wilson, Taylor Rains, It's, Wilson, Christophe Archambault, Manish Malhotra Organizations: Service, Air India, Tata Group, Air, Business, Tata, Airbus, Boeing, Wings, Paris Airshow, Airbus A320neos, Russian, Aeroflot, India's Boeing, Qatar Airways, Delta Air Lines, Emirates, Q, Getty Images Air, Air India's Boeing Locations: India, Hyderabad, Bengaluru, Mumbai, Air India, AFP, Getty Images Air India, Qatar, Emirates
CNN —Lionel Messi produced a memorable piece of skill during Inter Miami’s 2-0 victory against Real Salt Lake on Wednesday, the opening game of the MLS season. In possession on the edge of the Real Salt Lake box, Messi looked to get a shot away while injured opponent Andrew Brody lay on the ground in front of him. And he showed some speed too,” Miami coach Gerardo “Tata” Martino said of the 2022 World Cup winner’s performance, according to ESPN. The star-studded side started to deliver on those expectations in Wednesday’s curtain-raiser to the new season, with Messi at the heart of Miami’s best moments. Messi’s first full season in the US has seen a huge ticket demand for Miami’s games, and Wednesday was no exception.
Persons: Lionel Messi, Messi, Andrew Brody, Ballon, , Gerardo “ Tata ” Martino, ” Messi, Miami’s, Luis Suárez, Sergio Busquets, Jordi Alba, Robert Taylor, Zac MacMath, Suárez, Diego Gómez, MacMath, Diego Gómez's, Megan Briggs, Justen, Julian Gressel, Messi’s, Gómez, Busquets ’, Drake Callender Organizations: CNN, Inter, Real, Real Salt Lake, MLS, Miami, ESPN, , Chase, Barcelona, Messi, Salt Lake, Inter Miami, Martino’s Inter Miami, Leagues, Salt Lake’s, LA Locations: Real Salt, Salt, Miami, Real Salt Lake, Carson , California
How to watch the MLS season openerThe MLS season opener between Inter Miami and Real Salt Lake kicks off at 8 p.m. ET and will be broadcast in the US and UK on Apple TV’s MLS Season Pass, following the 10-year streaming deal signed in 2022 between MLS and the technology company. Tim Nwachukwu/Getty ImagesDays before the MLS season began, league commissioner Don Garber said he believed Miami could still add more superstar firepower to its squad. The Columbus Crew will likely pose a threat once again to win the MLS Cup. Writing for ESPN, Luis Miguel Echegaray said he doesn’t see Inter Miami winning the Eastern Conference.
Persons: Lionel Messi, Jordi Alba, Sergio Busquets, it’s, Messi, Luis Suárez, Gerardo ‘ Tata ’ Martino, Suárez’s, ” Messi, Tim Nwachukwu, Don Garber, , ” Garber, Leo, Garber, Maddie Meyer, Wilfried Nancy, , Luciano Acosta, “ We’re, Luis Miguel Echegaray, Tata Martino, , ” GOAL.com’s Ryan Tolmich Organizations: CNN, Inter Miami, Barcelona, MLS Eastern Conference, Leagues, MLS, Miami, Apple, Uruguayan, Gremio, Messi, CONCACAF Champions League, ESPN, Argentine, Columbus Crew, FC Cincinnati, Miami Herald, , Eastern Conference Locations: Miami, Real Salt, Brazil, Barcelona, French, Ohio, Argentine
FORT LAUDERDALE, Fla. (AP) — Lionel Messi and Inter Miami closed out their tumultuous Major League Soccer preseason with a 1-1 draw against Messi's boyhood club, Newell's Old Boys on Thursday night. Messi checked out of the game Thursday with Inter Miami's Luis Suárez in the 60th minute. Photos You Should See View All 33 ImagesShanyder Borgelin put Inter Miami ahead 1-0 with a header in the 64th minute, and Newell's Franco Díaz tied it in the 83rd minute. Inter Miami set off on a global tour of exhibition games aimed at promotion and marketing, featuring Messi and the Uruguayan star Suárez. Inter Miami was outscored 12-7 in its first five games before a win in Hong Kong.
Persons: — Lionel Messi, Ballon d’Or, Gerardo “ Tata ” Martino, Messi, Martino, Inter Miami's Luis Suárez, Borgelin, Newell's Franco Díaz, Messi's, Suárez, Leo, Luis Suarez, ” Martino, Luis, fizzling, ___ Organizations: Inter Miami, Major League Soccer, Messi's, Newell's, FC Barcelona, Inter Miami's, Messi, MLS, Uruguayan, ” Inter Miami, Salt Lake Locations: FORT LAUDERDALE, Fla, Rosario, Argentina, Hong Kong, Salt
Overall, the MSCI Asia-Pacific index gained 11.8% for 2023, with the MSCI China index losing around 11%. Those interested in stock-picking rather than passive investing can look to Morgan Stanley's list of Asian stocks it calls "alpha" opportunities for February. India's Tata Consultancy , an IT services and consulting company, which was upgraded by Morgan Stanley to overweight in January, was named as another top idea. Morgan Stanley believes "resilient revenue, strong [earnings before interest and taxes] margins, and positive management commentary will likely sustain valuation premium if execution improves." These are some stocks from the full list of Morgan Stanley's top overweight-rated stocks for February.
Persons: Morgan Stanley's, Morgan Stanley, MediaTek, — CNBC's Michael Bloom Organizations: Investors, Nikkei, BSE, Alpha, Tata Consultancy Locations: Asia, China, India, Japan,
Air India is rebuilding its reputation after falling into disarray under state ownership. I found the cabin a major upgrade after flying Air India's old legacy business class for 13 hours. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The Tata Group — which first founded Air India in 1932 before it was nationalized in 1953 — bought back the carrier in 2021. Under renewed management, Air India has vowed to improve its reputation, which has been plagued by broken seats and filthy planes.
Persons: , it's Organizations: Airbus, Air, Service, The Tata Group, Air India, Business Locations: India, Air India
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