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☆ Well Beyond the U.S., Heat and Climate Extremes Are Hitting Billions
▼ + stars: | 2024-06-21 | by ( Somini Sengupta | ) www.nytimes.com time to read: +1 min

All have died in blistering heat in recent weeks around the world, a harrowing reminder of the global dangers of extreme weather as a severe heat wave bears down on more than 70 million Americans this week. Dozens of cities in Mexico broke heat records in May and June, killing more than 100 people. Greece is bracing for wildfires this week, right after back-to-back heat waves killed several tourists. Extreme heat killed an estimated 489,000 people annually between 2000 and 2019, according to the World Meteorological Organization, making heat the deadliest of all extreme weather events. “Climate change may also drive food and water shortages and in turn civil unrest, and mass migration,” the report said.

Organizations: Pilgrims, Associated Press, Climate Central, World Meteorological Organization Locations: Mexico, India, Delhi, Greece, Bamako, Mali

☆ CNBC's Inside India newsletter: India Inc might not even need a Fed rate cut — but it wants one
▼ + stars: | 2024-06-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +7 min

The big storyEmerging markets have been on tenterhooks for the better part of this year as the Federal Reserve has been dangling the prospect of an interest rate cut. Historically, as U.S. interest rates fall, the allure of the mighty dollar fades to the benefit of other currencies. Indeed, unlike most developed economies, India's interest rate regime in 2024 isn't any different from that of 2018. There lies the disconnect between the economy, the stock market, and a single stock. Non-bank lender Akme Fintrade India and engineering firm DEE Development Engineers will debut on the stock market on Wednesday.

Persons: Sumant Sinha, we've, Sinha, It's, Fitch, Rahul Jain, Goldman Sachs, Jake Sullivan, Modi, Narendra Modi, CNBC's Charmaine Jacob, Raamdeo Agrawal, CNBC's Tanvir Gill, Jain Organizations: Bloomberg, Getty, Federal Reserve, India Inc, Nasdaq, Reserve Bank of, U.S, Societe Generale, Goldman, Clean Energy, CNBC, Motilal Oswal Financial Services, of India, Bangladesh, Australia, DEE Development Engineers Locations: Tuticorin, India, Reserve Bank of India, Japan, Britain, Delhi

☆ India wants to be a developed nation by 2047. Here are 4 critical areas Modi can't ignore
▼ + stars: | 2024-06-20 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +7 min

India has undergone a massive infrastructure push and has made significant strides in connecting and modernizing its highways, railways and airports. He's going to double down on that," said Samir Kapadia, CEO of India Index and managing principal at Vogel Group. "Along with creating physical infrastructure, India needs to remain steadfast on the structural reforms ... Increase foreign investmentsFrom veteran emerging markets investor Mark Mobius to global strategist David Roche, market experts remain bullish on India. Foreign direct investments into the country needs to however pick up pace to further drive economic growth and development, analysts told CNBC.

Persons: Vikram Singh, Narendra Modi, Modi, Reema Bhattacharya, Verisk, Modi's, he's, Samir Kapadia, Nirmala Sitharaman, Santanu Sengupta, Goldman Sachs, Sengupta, Richard Rossow, Kapadia, Sumedha Gupta, Vivek Prasad, Prasad, Mark Mobius, David Roche Organizations: Bharatiya Janata Party, BJP, Infrastructure, India Index, Vogel Group, Nurphoto, CNBC, Center for Strategic, International Studies, Padget Electronics, Dixon Technologies, Bloomberg, Getty, Research, India Electronics, Semiconductor Association, Economist Intelligence Unit, Centre, Monitoring, National Stock Exchange of, World Federation of Exchanges Locations: India, Asia, China, Mumbai, Noida, PwC India, National Stock Exchange of India

One by one, each country with the money and the drive to compete started its own nuclear weapons program. Even with this kind of evidence in hand, science has reached only limited conclusions about how nuclear weapons testing affects individuals’ health. They helped create the 2021 Treaty on the Prohibition of Nuclear Weapons, signed by 93 countries, which bans the possession, use and testing of nuclear weapons. France has acknowledged its “debt” to Polynesians over nuclear testing, and it created a commission in 2010 to evaluate nuclear testing victim compensation claims, but it has never apologized. We are still wrestling with the damage wrought by testing nuclear weapons in our past.

Persons: —, Ernest Moniz, Barack Obama, ” Mr, Moniz, Trump, Trump’s, Biden, United States ’, Republic of Kiribati —, we’re, Robert Oppenheimer’s, Oppenheimer, Ben Wyatt, King Juda, Harry Truman, Oppenheimer’s, Karina Lester, ”, Willard F, Libby, Louis, couldn’t, Merril Eisenbud, Hinamoeura, Britain —, “, it’s, John Moody, Benetick Kabua Maddison, Maddison, Benetick, It’s, Vladimir Putin Organizations: Las, Washington, United States, Marshall, Embassy, D.C, Marshalls, U.S, Navy, United, Soviet Union, Britain, Atomic Energy Commission, St, Louis University, Washington University School of Dental Medicine, Bravo, U.S . Navy, Atomic Energy, Centers for Disease Control, Polynesia —, Nuclear Weapons, ., Pacific Mart, Educational, America Locations: U.S, Japan, United States, Russia, China, Nevada, Soviet Union, — Semipalatinsk, Kazakhstan, Reggane, Algeria, Montebello, Australia, Republic of Kiribati, Marshall Islands, Republic, Washington, Hiroshima, New Mexico, Las Vegas, Marshall, Hawaii, Philippines, Bikini, Atoll, Soviet, Africa, Polynesia, Xinjiang, The, Britain Britain, Britain, American, Kwajalein Atoll, France, France France, Tahiti, Nagasaki, Asia, Europe, India, Pakistan, North Korea, United, Kwajalein, Hawaii , California, Washington and Oregon, Arkansas, Springdale, you’re, Rhode Island, Moscow

☆ Nikhil Gupta: Indian suspect in plot to kill Sikh separatist extradited to US
▼ + stars: | 2024-06-17 | by ( ) edition.cnn.com time to read: +3 min

Nikhil Gupta has been accused by U.S. federal prosecutors of plotting with an Indian government official to kill Gurpatwant Singh Pannun, a U.S. resident who advocated for a sovereign Sikh state in northern India. Gupta traveled to Prague from India last June and was arrested by Czech authorities. Canada said in September its intelligence agencies were pursuing allegations linking India’s government to the murder of Sikh separatist leader Hardeep Singh Nijjar in June 2023 in Canada. India’s government has dissociated itself from the plot against Pannun, saying it was against government policy. New Delhi has long complained about Sikh separatist groups outside India, viewing them as security threats.

Persons: Nikhil Gupta, Gurpatwant Singh Pannun, Gupta, Jeffrey Chabrowe, India’s, Hardeep Singh Nijjar, Pannun, ”, Narendra Modi, Washington Organizations: Washington Reuters, U.S, of Prisons, Indian, Metropolitan Detention Center, U.S . Justice, Sikh, Reuters Locations: An, United States, Czech Republic, U.S, India, Prague, Czech, Brooklyn, Brooklyn ., Canada, Washington . New Delhi

☆ How to invest in India, the world's fastest-growing major economy
▼ + stars: | 2024-06-13 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +10 min

India has been dubbed the "perfect" emerging market to invest in, but it can be tricky for those outside the country to gain access. India's stock market has been making headlines this year, and for good reason. "India remains one of the best-performing equity markets this year, underpinned by the world's fastest-growing major economy and a resilient macro backdrop," said James Thom, senior investment director Asian equities at Abrdn, in a note to clients. Some of the top ETFs in North America include the Columbia India Consumer ETF , the First Trust India NIFTY 50 Equal Weight ETF and the BMO MSCI India ESG Leaders Index ETF . In Europe, the list includes the iShares MSCI India UCITS ETF , which provides exposure to around 85% of the stock market, and the Xtrackers MSCI India Swap UCITS ETF Capitalisation 1C .

Persons: Krishnamurthy Subramanian, Narendra Modi's, Kevin T, Carter, Goldman Sachs, James Thom, aren't, GDRs, Arjun Jayaraman, there's, Jayaraman, Abrdn's Thom, Surendra Goyal, Thom, EMQQ Global's Carter, Modi's, it's, Jonathan Pines, — CNBC's Ganesh Rao, Tuul, Bruno Morandi Organizations: CNBC Pro, IMF, Bharatiya Janata Party, EMQQ, CNBC, Wealthmills Securities, Global, Causeway, Mutual, Columbia India Consumer ETF, First Trust India, BMO, India, Nasdaq, Investors, Nokia, Bank of America, Citi, Edge, Reliance Industries, U.S ., Bank of India, Network18, Bank, Getty Locations: India, China, North America, Europe, Singapore, U.S, Indian, Chhatrapati Shivaji Terminus, Mumbai

☆ India heat: It’s so hot an insurer is helping thousands of women buy food
▼ + stars: | 2024-06-12 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

New Delhi CNN —A one-of-its-kind insurance policy has started making payouts to tens of thousands of women across India to help them cope with the impact of extreme heat. Indian women working in agriculture typically earn about 300 rupees ($3.60) per day. Outdoor work in such extreme heat can lead to chronic rashes, dizziness, burns, infections, and miscarriage, according to Climate Resilience for All. More than 46,000 women were given additional insurance payments, with some receiving up to $19.80 each. Overall payments across the program amounted to over $340,000, Climate Resilience for All said in a statement on Wednesday.

Persons: ”, Kathy Baughman McLeod, “, Arunaben Makwana, SEWA, McLeod Organizations: New, New Delhi CNN, Resilience, India’s, Women’s Association, Swiss, ICICI Lombard, Toiling, United Nations ’ Economic, Social Commission Locations: New Delhi, India, Rajasthan, Maharashtra, Gujarat, South Asia, Africa, Delhi, Asia

Where to watch USA vs. India in the USThe USA vs. India game will live stream on Wednesday at 10:30 a.m. Shop at FuboWhere to watch USA vs. India in the UKThe USA vs. India game will be shown on Sky Sports in the UK. Where to watch USA vs. India in AustraliaThe USA vs. India game will live stream through Prime Video in Australia. Where to watch USA vs. India in IndiaThe USA vs. India game will live stream for free through the Disney+ Hotstar mobile app in India. How to watch USA vs. India from anywhereThose who will be traveling away from home when the USA vs. India game takes place can keep up with their live subscriptions using a VPN.

Persons: Sling's Desi, Fubo, ExpressVPN Organizations: Business, national, teams, ICC, Nassau County International Cricket, USA, Canada, Pakistan, India, Ireland, Willow, Sky Sports, Disney Locations: United States, New York, India, Pakistan, USA, Ireland, Australia

Where to watch India vs. Pakistan in the USThe India vs. Pakistan match will stream through Willow TV in the US on Sunday at 10:30 a.m. View at FuboWhere to watch India vs. Pakistan in the UKThe India vs. Pakistan match will stream through Sky Sports in the UK. Where to watch India vs. Pakistan in AustraliaThe India vs. Pakistan game will stream through Prime Video in Australia. Where to watch India vs. Pakistan in IndiaThe India vs. Pakistan game, and the rest of the ICC Men's T20 World Cup, will stream for free through Disney+ Hotstar in India. How to watch India vs. Pakistan from anywhereIf you'll be traveling away from home during the India vs. Pakistan game and still want to watch it live, you can keep up with any of your subscriptions via a VPN (virtual private network).

Persons: we've, Sling's Desi, Fubo, VPNs, ExpressVPN Organizations: Business, ICC, Pakistan, Cricket, Ireland, TV, Sky Sports, Disney Locations: India, Pakistan, United States, Australia

☆ India beat Pakistan by six runs in thrilling T20 Cricket World Cup match in New York
▼ + stars: | 2024-06-09 | by ( Charlie Scott | ) www.nytimes.com time to read: +4 min

India beat Pakistan in dramatic fashion in their T20 Cricket World Cup match in New York, despite setting their biggest rivals a target of just 120 runs at the Nassau County International Cricket Stadium. It was their lowest-ever run total in a men’s T20 Cricket World Cup match, which is the shorter format of the sport where each team has one innings of up to 20 overs (an over is six balls). Jasprit Bumrah led India’s fightback, taking three wickets for only 14 runs as Rohit Sharma’s team battled their way to victory. Pakistan needed 18 runs to win off the final over of the game but could only score 11 as they fell six runs short. This is the first time the USA have competed in the T20 World Cup.

Persons: Haris Rauf, Naseem Shah, Jasprit Bumrah, India’s fightback, Rohit Sharma’s, Alex Davidson, Bumrah, Sharma, ”, “ Organizations: Cricket, Nassau County International Cricket, International Cricket, ICC, Getty, “, Ireland, India, USA, Canada, Pakistan Locations: India, Pakistan, New York, Long, United States, Grand Prairie , Texas, York, USA, Canada

☆ Insider Today: Asia's superpower clash
▼ + stars: | 2024-06-09 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

The latest to get in on the act: Tesla, which is selling a $450 bottle of mezcal on its website. The election result was a blow to Modi, who has governed India for a decade with an increasingly firm grip. India watchers expect the country's new government to move slower on some issues following the surprise election result. NvidiaGoing up against Nvidia is generally considered a pretty bad idea for startups in Silicon Valley. But Silicon Valley often thrives when true technologists keep hacking away at something they believe in, even if everyone else thinks it's dumb.

Persons: —, Narendra Modi, SAJJAD HUSSAIN, Modi, He'll, Jamie Dimon, Dominic Bugatto, Alyssa Powell, hawking, Goldman Sachs, Goldman, HWA CHENG, Chelsea Jia Organizations: Service, Business, Bharatiya Janata Party's, Bharatiya Janata Party, titans, UN Security Council, Southern, Southern District of, Goldman, BI, HWA, Getty Images, Nvidia Locations: India, New Delhi, China, Southern District, Southern District of Texas, Salt Lake City, Nashville, Atlanta, AFP, Silicon Valley

☆ How the USA’s shock cricket triumph reflects a global sporting and geopolitical transformation
▼ + stars: | 2024-06-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

A national cricket team that most Americans didn’t even know they had beat one of the sport’s global powers Pakistan, for whom the game is a national obsession. “There is this pivot from global north to global south,” said Chadwick. The first ever international fixture was between the United States and Canada in 1844 in New York. The World Cup is being carried in the US on Willow TV, a streaming service that is also available on cable systems for an extra fee. The global game, soccer, has several times hubristically tried to conquer the US and it’s taken years to reach its current level with strong pro leagues the MLS and the NWSL.

Persons: didn’t, ”, Monank Patel, Corey Anderson, “ It’s, “, Peter Della Penna, Donald Trump, Narendra Modi, Simon Chadwick, “ You’ve, You’ve, It’s, Virat Kohli, Germain, LIV, Modi, Chadwick, Donald Bradman, Michael Jordan, Pakistan –, Saurabh, Milind Kumar, hubristically, it’s, Della Penna, you’re, ” Della Penna Organizations: CNN, team, Cricket, Pakistan, USA Cricket, New Zealand, Indian, , Indian Premier League, Major League Cricket, IPL, US, America, United Arab Emirates, Manchester City, Paris Saint, Formula One, Hindu, FIFA, Beijing, Bowlers, Down, England, Elite US, Willow, MLS, England’s Premier League, Manchester United, Arsenal, tailgates, Women’s National, TV, South Locations: Pakistan, United States, Caribbean, Texas, American, America, Long, , New York, India, Australia, Nassau County, Ahmedabad, Gulf, United Kingdom, Europe, East, South Asia, British, Sri Lanka, South Africa, Zealand, England, North Carolina, Manchester, Qatar, Paris, Germain . Middle, Saudi Arabia, Los Angeles, There’s, Canada, New York, Sri Lankan, California, New Delhi, China, Belgium, Commonwealth

☆ How recent elections are shaking up investments in emerging markets like India and Mexico
▼ + stars: | 2024-06-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

Emerging markets investors have had a bumpy week after surprising election results seem to have caught at least some traders off guard. Between now and Nov. 5 are almost all negative potential risks in Mexico," Joshi added. Elsewhere in the world There are other lingering political issues that could affect emerging market investing. And for investors in broad emerging markets funds, even positive developments in some of these countries can be overshadowed by what happens in China. "It's a very large weight so it's going to drive the emerging market index quite a bit.

Persons: Narendra Modi, Modi, Aastha Gudwani, Angus Shillington, Shillington, Adam Turnquist, We've, Turnquist, Claudia Sheinbaum, Andres Manual Lopez, Morgan Stanley's Nikolaj Lippmann, Arif Joshi, Joshi, Sheinbaum, Lopez, Claudia, Polina Kurdyavko, Javier Milei, Alejandra Grindal, Ned Davis, Grindal, — CNBC's Michael Bloom Organizations: Indian, Bank of America India, CNBC, LPL, Lazard Asset, RBC Global Asset Management, Ned, Ned Davis Research, Federal Reserve Locations: India, Mexico, South Asia, VanEck, U.S, Morena, South Africa, Argentina, China

☆ Opinion: How this very English sport found a home in America
▼ + stars: | 2024-06-06 | by ( Opinion Ashish Ravinran | ) edition.cnn.com time to read: +8 min

India and Pakistan will take on each other in the Men’s T20 World Cup. But I soon realized that one of the unexpected pleasures of cricket in America was seeing the sport bloom between the cracks. Through their eyes, the New York cricket world continued to bloom in front of me. I discovered weekend leagues, a high school league and peculiarly, the NYPD Youth Cricket League — the subject of my upcoming feature documentary. This year there’s a second competition, the National Cricket League, headquartered in Dallas, home to a large South Asian community.

Persons: Ashish Ravinran, ”, Read, Ashish Ravinran Richa Dayal, who’d, ” Tanvir Ahmed, who’ve, Alex Davidson, We’re, we’ve, I’ve, Ramchandra, Fawwaz Baksh, They’ve, Bolt, Sean Paul, America ’, they’d Organizations: NYPD, CNN, South, Oxford, Cricket, New, NYPD Youth Cricket League —, Citi Field, American, Major League Cricket, National Cricket League, American College Cricket, West Indies, ICC, Bangladesh, Nassau County International Cricket, ” Sports, Local, World Trade Center, Times, Twitter, Facebook, America, Angeles Locations: Singaporean, New York City, Long, , New York, India, Pakistan, America, Caribbean, New York, Singapore, Bangladeshi, Brooklyn, Corona Park, Queens, Prairie, Texas, Morrisville, North Carolina, Dallas, Lauderhill, Florida, Jamaican, West, Canada, Eisenhower, Manhattan, Fort Lauderdale, Bangladesh, Texas , Florida

☆ Narendra Modi’s India
▼ + stars: | 2024-06-06 | by ( Alex Travelli | ) www.nytimes.com time to read: +1 min

Despite having led India for a decade, Modi has in some ways kept his country guessing about his vision. On major issues — India’s relationships, its economy, its society and its government — it’s still unclear what sort of country Modi wants India to be. India has spent recent years deepening its relationship with the United States. It has gotten closer to American allies, including Japan and Australia, and ordered high-end American weapons systems — the kind that create dependence down the road. After Russia invaded Ukraine, the United States tried in vain to persuade India to take a stand against the war.

Persons: Narendra Modi, Modi, — it’s Locations: India, United States, Japan, Australia, China, Beijing, U.S, Russia, Ukraine

☆ In India’s Election, Democracy Lives On - The New York Times
▼ + stars: | 2024-06-05 | by ( Lydia Polgreen | ) www.nytimes.com time to read: +2 min

For decades, Hindu nationalists had sought to build a temple in Ayodhya, at a spot they believe to be the birthplace of the Hindu god Ram. The only problem was that there was already a house of worship on the spot, a mosque built by a Mughal emperor in 1528. A Hindu mob had dismantled the mosque in 1992, setting off riots that killed 2,000 people, most of them Muslims. World leaders sought Modi’s support on issues ranging from the war in Ukraine to the climate crisis, cementing India’s ascent in global affairs. But the ever unpredictable electorate of the world’s largest democracy responded to Modi’s demand for still more power resolutely: No thanks.

Persons: Narendra Modi, Ram, Modi, ” Organizations: Bharatiya Janata Party Locations: India, Ayodhya, China, Ukraine

☆ Opinion: For Indian Muslims like me, the hope of a weakened Modi
▼ + stars: | 2024-06-05 | by ( Opinion Ziya Us Salam | ) edition.cnn.com time to read: +8 min

Tuesday’s election results, in which Prime Minister Modi sealed a rare third term, only enhance the sense of gloom and doom for Indian Muslims like me. With the BJP back in power – albeit without the supermajority it had vowed – my only hope lies in a politically weakened Modi now. A weakened Modi shall, hopefully, translate into a more robust India and more secure minorities. In the days and months to come, things could get seriously tough for Indian Muslims. It could be the norm for the rest of India soon as the BJP tries to deny Indian Muslims the right to follow Islamic laws in civil matters, a right granted by the Indian Constitution.

Persons: Salam, Read, Modi, Modi’s, Mukhtar Khan, ”, –, Narendra Modi, Elke Scholiers, Rahul Gandhi, Jawaharlal, Taj Mahal, Qutb, We’ve Organizations: “, New, New Delhi CNN, Bharatiya Janata Party, BJP, India’s Independence, Indian National Congress, INC, Union Budget, SC, ”, OBC, Twitter, Telugu Desam, Janata Dal, Congress Locations: Hindu India, New Delhi, Narendra Modi’s India, India, –, Srinagar, Rajasthan, Muslim, Pakistan, Lok, Gujarat, Ghaziabad, Uttar Pradesh, Lower, Independence, Kerala, Mumbai, Gandhi’s, BJP, Qutb Minar, Delhi, Babri, Assam, Uttarakhand, Indian

India's Prime Minister Narendra Modi flashes victory sign at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Completed vote counts by the Election Commission of India showed that Modi's BJP won just 240 seats. India's Parliament has 543 seats, and the party or coalition that wins at least 272 forms the government. Modi's decade-long ruleUnder Modi, India, home to 1.4 billion people, has witnessed robust economic growth. While India has seen robust economic growth under Modi, observers and critics have warned about the country's "democratic decline."

Persons: Narendra Modi, Money Sharma, Modi, Aiyar, CNBC's, Shilan Shah, Shah, Kranthi, Sensex, Samir Kapadia, that's, Malcolm Dorson Organizations: India's, Bharatiya Janata Party, BJP, Afp, Getty, Indian, Modi's BJP, National Democratic Alliance, Developmental Inclusive Alliance, Indian National Congress, Policy Research, Centre, Monitoring, Capital Economics, BSE, WealthMills Securities, Adani, Adani Enterprises, State Bank of India, ICICI Bank, Monetary Fund, India Index, Vogel, Dem, Global, Vogel Group, IMF Locations: New Delhi, India, INDIA, China, Sweden

No results Tie Win Lead Win Lead Win Lead No results N.D.A. Win Lead Win Lead Win Lead Other INDIA N.D.A. Win Lead Win Lead Win Lead INDIA Other N.D.A. Win Lead Win Lead Win Lead Other N.D.A. Win Lead Win Lead INDIA Win Lead

Persons: Narendra Modi, Modi’s Organizations: N.D.A, INDIA Modi’s, Modi’s Bharatiya Janata Party, Party Coalition Locations: India, N.D.A

☆ Stocks making the biggest moves midday: GameStop, Paramount, Spotify, Krispy Kreme and more
▼ + stars: | 2024-06-03 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Waste Management , Stericycle — Waste Management is buying Stericycle for $7.2 billion , the companies announced on Monday. Stericycle shares jumped nearly 15%, while Waste Management slid 4%. Spotify — The music streaming company climbed 4% following its announcement of premium subscription price increases in the U.S. in July. Lattice Semiconductor , Coherent — Lattice shares dove 11% after CEO Jim Anderson left to take the helm at Coherent, whose stock price jumped 17%. Krispy Kreme — Shares of the company rose 2% after it was upgraded to overweight at JPMorgan.

Persons: Keith Gill, Gill, Stericycle, CNBC's David Faber, Skydance, Shari Redstone, Jim Anderson, Esam, Dickinson, Edwards, Narendra Modi, Claudia Sheinbaum, Cava, Blackwell, Krispy Kreme, Masimo, Piper, Piper Sandler, Goldman Sachs, Goldman, — CNBC's Sean Colon, Yun Li, Pia Singh, Michelle Fox, Christina Cheddar, Berk Organizations: GameStop, DeepF, AMC, New York Stock Exchange, Waste Management, Spotify, GSK, Court, Paramount Global, Lattice Semiconductor, Company, Bloomberg News, JPMorgan, Nvidia, AMD, Bank of America, Therapeutics, Autodesk Locations: U.S, Swedish, Delaware, Becton, India, Mexico

☆ A bizarre comment stirred speculation India may try to match China's carrier fleet
▼ + stars: | 2024-06-01 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

During an interview with an Indian newspaper regarding plans to construct a third aircraft carrier, Defense Minister Rajnath Singh said India would build yet more. "He was only trying to dispel suggestions that the government is resistant to a proposal for a third aircraft carrier." They would also be less expensive, with the third Indian carrier estimated at around $5 billion, compared to $13 billion for a Ford-class carrier. On the other hand, there is a reason why America builds enormously expensive aircraft carriers. Despite its drawbacks, the aircraft carrier's aura and impact in peacetime operations are unmatched."

Persons: —, that's, it's, Rajnath Singh, Abhijit Singh, India's, Imtiyaz Shaikh, Queen Elizabeth, Singh, Michael Peck Organizations: Service, Indian Navy, Business, Indian, Defense, Observer Research Foundation, Getty, India, Soviet, Nimitz, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: India, New Delhi, China, Djibouti, Ream, Cambodia, Gwadar, Pakistan, Sri Lanka, Kyaukpyu, Myanmar, Fujian, Forbes

☆ Wall Street Lands on India, Looking for Profits It Can’t Find in China
▼ + stars: | 2024-05-31 | by ( Alex Travelli | ) www.nytimes.com time to read: 1 min

Mumbai, India’s financial capital, has seen a lot of new faces over the past year. The heads of global banks have been trooping through, visiting its stock exchanges, buying property and hiring new staff. A postpandemic boom has pushed the value of India’s stock market to about $5 trillion, putting it neck and neck with Hong Kong’s. Wall Street can’t ignore India anymore. Mumbai has been India’s commercial hub for eight decades, but it was relatively unfamiliar to global finance until the past two years.

Persons: Hong Kong’s Locations: Mumbai

☆ 'No big deal': Mark Mobius says he'll stay bullish on India no matter the election results
▼ + stars: | 2024-05-31 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Mark Mobius, Chairman Mobius Emerging Opportunities Fund speaking on CNBC's The Exchange on March 27th, 2024. Adam Jeffery | CNBCVeteran emerging markets investor Mark Mobius said India's election outcome will not change his bullish views on the country. India's election results will be out on Tuesday next week. watch now"The big question mark is whether [Modi] can get a number of seats to change the constitution," Mobius told CNBC's "Street Signs Asia" on Thursday. But India's economic fundamentals remain "very strong and solid."

Persons: Mark Mobius, Adam Jeffery, Narendra Modi, Modi, Mobius, CNBC's, Gautam Chhaochharia, Chhaochharia Organizations: CNBC Veteran, Bharatiya Janata Party, BJP, UBS Locations: India

☆ CNBC's Inside India newsletter: Could markets sink even if Modi wins?
▼ + stars: | 2024-05-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Separately, the stock market will also deliver its verdict when markets open on Monday. Nervousness among investors over the results has meant that the India VIX index, the market's so-called fear gauge, has shot up by more than 135% since its April lows. However, some equity strategists point out that even a landslide victory for Modi's BJP could potentially sour the stock market. Meanwhile, Gautam Chhaochharia, head of global markets for India at UBS, said foreign investors are in a "wait and watch mode" ahead of India's election results despite economic fundamentals looking "very, very strong."

Persons: Narendra Modi's, Modi, Bradley Saunders, Saunders, Venugopal Garre, —, Garre, Fitch, SRH, Mark Mobius, Gautam Chhaochharia Organizations: Bloomberg, Getty, BJP, Traders, " Bank of America, Capital Economics, Modi's BJP, —, Reuters, Kolkata Knight Riders, IPL, Sunrisers, Knight Riders, CNBC, UBS Locations: Delhi, India, Kolkata, Sunrisers Hyderabad

☆ S&P upgrades outlook on India's sovereign rating to 'positive'
▼ + stars: | 2024-05-30 | by ( ) www.cnbc.com time to read: +2 min

Narendra Modi, India's prime minister, arrives at the Bhartiya Janata Party (BJP) headquarters in New Delhi, India, on Sunday, Dec. 3, 2023. S&P Global Ratings raised India's sovereign rating outlook to 'positive' from 'stable' while retaining the rating at 'BBB-', saying on Wednesday the country's robust economic expansion was having a constructive impact on its credit metrics. "This reflects India's solid growth performance and a promising economic outlook for the coming years," said in a social media post. The rating agency's positive outlook on India is predicated on its robust economic growth, pronounced improvement in the quality of government spending, and political commitment to fiscal consolidation, it said. India's weak fiscal settings had always been the most vulnerable part of its sovereign ratings profile, S&P said.

Persons: Narendra Modi, India's, Nirmala Sitharaman Organizations: Bhartiya Janata Party, BJP, Bharatiya Janata Party Locations: New Delhi, India

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