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☆ Photos: Ayodhya Ram Mandir temple inaugurated in consecration ceremony overseen by Modi
▼ + stars: | 2024-01-23 | by ( Rhea Mogul | ) edition.cnn.com time to read: +4 min

Crowds gather during the opening of a temple dedicated to Hindu deity Lord Ram, in Ayodhya, India, on January 22, 2024. Inside the sanctum sanctorum of the temple Monday, Modi presided over the Pran Pratishtha, or consecration ceremony, of an idol of Lord Ram, one of Hinduism’s most revered deities. Indian Prime Minister Narendra Modi plays a leading role in the ceremony consecrating a statue of the god Ram. “Today our Lord Ram has come. A man prays on the banks of Sarayu River on the occasion of Ram temple's consecration ceremony in Ayodhya on January 22, 2024.

Persons: Narendra Modi, Lord Ram, Rajesh Kumar Singh, –, Modi, Pran Pratishtha, Ram, Imtiyaz Khan, ” Modi, “ Ram, Money Sharma, Hinduism's Lord Ram, Amitabh Bachchan, Sachin Tendulkar, Mukesh Ambani, Anupam Kher, Beckham, ”, Ram Charan, Alia Bhatt, Ranbir Kapoor, Madhuri Dixit Nene, Katrina Kaif, Ayushmann Khurrana, Vicky Kaushal, Alia Bhatt Rajesh Kumar Singh Organizations: CNN, Indian, Anadolu, Getty Locations: Ayodhya, India, India's Uttar Pradesh, Sarayu, Babri

☆ Future doctors say they'll look for residencies in states where abortion is legal, survey says
▼ + stars: | 2023-12-09 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Medical students are choosing residency programs based on where they can learn about abortion care. Over 76% of nearly 500 med students surveyed said they'd choose a residency based on abortion access. They said they want abortion access for their patients but also for themselves. AdvertisementAspiring doctors are choosing their residency programs based on where they can provide abortion care to patients, a new survey found. Advertisement"In qualitative responses, medical trainees highlighted the importance of abortion access for their patients, themselves, and their loved ones," the survey's abstract read.

Persons: they'd, —, Roe, Wade, that's, Eshani Dixit, Rutgers Robert Wood, Dixit Organizations: Service, Medical, Business, Rutgers, Rutgers Robert Wood Johnson Medical School Locations: Illinois

☆ For global banks, India could soon be worth it
▼ + stars: | 2023-11-07 | by ( Pranav Kiran | ) www.reuters.com time to read: +5 min

The hot new business class ticket within Asia is in fact, Hong Kong to Mumbai. Before the pandemic, more than half of the Asian top line of U.S. bulge bracket banks typically came from Greater China which includes the mainland, Hong Kong, Macau and Taiwan. Overall, IPO fees in India have risen from 1% of proceeds in 2017 closer to 2% in recent years, LSEG data shows. Hong Kong bankers are not going to relocate to India any time soon but while they wait out a slow and uncertain recovery in China activity, the trip to India looks increasingly worthwhile. Proceeds from initial public offerings in India amounted to $3.8 billion across 172 deals as of Oct. 24, according to LSEG data.

Persons: Goldman Sachs, Morgan Stanley, Banks, Mukesh Ambani, Bhavish, Ola, What’s, Gaurav Trehan, Blackstone, Amit Dixit, David Solomon, James Gorman, Citigroup's Jane Fraser, Noel Quinn, Bill Winters, Una Galani, Thomas Shum Organizations: Reuters, UBS, Insurance, JPMorgan, Citigroup, Reliance Industries, KKR, Bank of America, Global Financial, Investment, Hong Kong Monetary Authority, Offshore, Thomson Locations: BENGALURU, Hong Kong, China, Asia, Mumbai, Greater China, Macau, Taiwan, Beijing, Washington, India, United States, Offshore China

Officials in Nepal were still assessing the extent of the damage on Sunday from the earthquake that struck the country’s west two nights earlier, leaving at least 150 people dead and thousands either homeless or afraid to sleep indoors. An earthquake in Nepal’s east in 2015 killed nearly 9,000 people, and the toll of Friday’s temblor, which was categorized as medium in intensity, suggested the country is a long way behind in its preparations. “You cannot move the population; the entire country is seismic, the entire Nepal is seismic,” said Amod Mani Dixit, the director of the National Society for Earthquake Technology in Kathmandu, the capital. “But can we improve the building stock? The answer is yes we can, and we have demonstrated in many parts of the world, including in Nepal, that we can.”

Persons: ”, Amod Mani Dixit Organizations: National Society for Earthquake Technology Locations: Nepal, Nepal’s, Kathmandu

☆ The Girlies Know: ‘Oppenheimer’ Was Actually About Us
▼ + stars: | 2023-09-19 | by ( Iva Dixit | ) www.nytimes.com time to read: +4 min

Here the girlhood parallels move beyond the facetious to acquire a darker quality, as shame begins to erode Oppenheimer’s sense of self. The great Oppenheimer realizes that no amount of personal brilliance can counter the force of the state. Near the film’s end, Oppenheimer silently reckons with visions of what his brilliance has wrought: unimaginable suffering and fire as the invention he fathered wipes out civilization itself. For a Great Man like him, it took the twin shames of the bomb’s destruction and public disgrace to have this life-altering yet basic realization about his own powerlessness. This is a rule and a warning that life has drilled into girls from age 13, if not sooner.

Persons: callow, Murray Kempton, Oppenheimer, discontents, Lewis Strauss, he’s, Annie Ernaux’s “, Barbie ”, Iva Dixit, Sean Paul Organizations: Communist, U.S .

☆ Sean Paul Is Still Busy
▼ + stars: | 2023-08-16 | by ( Iva Dixit | ) www.nytimes.com time to read: +3 min

Long before he became the bandannaed and cornrowed Sean Paul who entranced the American public, Sean Paul Ryan Francis Henriques was just another young offshoot of Jamaica’s famous Henriques clan, one of the oldest Jewish families on the island, who immigrated there from Portugal in the 17th century. Kingston is a city that takes parties seriously, and the sound system was a key 20th-century innovation — a portable setup of amplifiers, turntables and mountains of speakers, all orchestrated by a D.J. Paul and his younger brother, Jason, were both enamored of this family business; Jason actually recalls falling asleep in a bass box as a child. When Paul was 13, his father was convicted of manslaughter and sentenced to 15 years in prison. This devastated Paul — not because his father had been much of a presence in his life but because what little he had of him would now be gone.

Persons: Shaggy, Paul, bods, Sean Paul, Sean Paul Ryan Francis Henriques, Jamaica’s, Henriques, Jason, Michael Jackson, Garth, Frances, Paul —, “, I’ll, ” Organizations: YouTube, Uptown Locations: sighs, Long, Portugal, Uptown Kingston, Kingston, Mexico

☆ India's slow progress in becoming a chipmaking powerhouse to rival China is bad news for Apple
▼ + stars: | 2023-07-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Apple has long depended on China for manufacturing, but the relationship is getting complex. Two recent developments suggest India's push to become a viable alternative to China — and benefit Apple — are mixed. "Foxconn has determined it will not move forward on the joint venture with Vedanta," Foxconn said in a statement to Reuters. That's a critical blow to Modi, who set out chip manufacturing as a strategic part of his ambitions to level up India. Vedanta chairman Anil Agarwal tweeted that the joint venture meant "India's own Silicon Valley is a step closer now."

Persons: Foxconn, —, China's, Luxshare, JP Morgan, Tim Cook, Modi, Madhuri Dixit, Mukesh Ambani, Narendra Modi, That's, Europe's, Anil Agarwal, Agarwal Organizations: Apple, Apple ., Tata Group, Bloomberg, Vedanta, Reuters Locations: China, India, Asia, China's hawkishness, Taiwan, Vietnam, Beijing, Mumbai, iPhones, Karnataka, Modi's, Gujarat, Cupertino

☆ Factbox: Credit Suisse arrivals and departures after UBS seals takeover
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +3 min

Here are the highlights:OUTLeaving the company:* Credit Suisse General Counsel Markus Diethelm. The Swiss-Italian national returned to Credit Suisse in January 2022 as head of its wealth management division after a stint leading Australian wealth management company AMP. NEWCOMERSA logo is pictured on the Credit Suisse bank in Geneva, Switzerland, March 15, 2023. REUTERS/Denis Balibouse/File PhotoAppointments to the executive board of Credit Suisse AG:* Michael Ebert - becomes Head of Credit Suisse for the investment bank, and head of Americas for the investment bank at UBS. * Andre Helfenstein - continues as CEO Swiss bank, the jewel in the Credit Suisse business whose future UBS is currently considering.

Persons: Markus Diethelm, Romeo Cerutti, Dixit Joshi, Edwin Low, David Miller, Ken Pang, Pang, Francesco De Ferrari, Iqbal Khan, Joanne Hannaford, Mike Dargan, David Wildermuth, Christian Bluhm, Denis Balibouse, Michael Ebert, Simon Grimwood, Isabelle Hennebelle, Claude Honegger, Mike Rongetti, Jake Scrivens, Yves, Alain Sommerhalder, Damian Vogel, Christine Graeff, Andre Helfenstein, Francesca McDonagh, Nita Patel, Goldman Sachs, John Revill, Tomasz Janowski Organizations: UBS, Credit Suisse, Credit, Deutsche Bank, Asia, Global, UBS Global Wealth Management, Italian, AMP, Wealth Management, . Technology, UBS Group, Operations, Technology, Americas, REUTERS, Credit Suisse AG, Credit Suisse Operations, Credit Suisse Chief Technology, Suisse Asset Management, EMEA, European Central Bank, Human, Swiss, Thomson Locations: ZURICH, China, Americas, Asia, Hong Kong, Swiss, Geneva, Switzerland

☆ UBS chief draws up Credit Suisse leadership shortlist, FT reports
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +1 min

May 6 (Reuters) - UBS Group AG's (UBSG.S) Chief Executive Sergio Ermotti has shortlisted the Credit Suisse Group AG's (CSGN.S) executives most likely to become part of the management team, the Financial times reported on Saturday, citing people familiar with the plans. Dixit Joshi, chief financial officer, Francesca McDonagh, chief operating officer, and André Helfenstein, head of the Swiss business, are most likely to remain a part of the Swiss bank's executive team, the report said. Credit Suisse declined to comment on the report. UBS did not immediately respond to Reuters' request for a comment. ($1 = 0.8910 Swiss francs)Reporting by Rahat Sandhu in BengaluruOur Standards: The Thomson Reuters Trust Principles.

☆ UBS chief draws up Credit Suisse leadership shortlist, FT says
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Law Firms Naomi Moore joins from Akin Gump to head DLA Piper's APAC restructuring practiceMoore will split her time between the firm's Hong Kong and Sydney officesMay 2 (Reuters) - Law firm DLA Piper has hired a partner from U.S.-founded rival Akin Gump Strauss Hauer & Feld in Hong Kong to serve as its new restructuring practice leader for the Asia Pacific region, the firm said Tuesday. Naomi Moore, who has been on sabbatical since she left Akin Gump in January, will divide her time between DLA Piper’s Sydney and Hong Kong offices, the firm said in a statement. In Hong Kong, Moore joins Trinh Hoang, DLA Piper’s only other restructuring-focused partner in the office, who joined the firm from Linklaters in October last year. Linklaters added a restructuring head in Hong Kong from Allen & Overy in October. An Akin Gump spokesperson wished Moore well on her new role.

☆ It’s Time to Break Up With ‘Indian Matchmaking’
▼ + stars: | 2023-04-21 | by ( Iva Dixit | ) www.nytimes.com time to read: +3 min

She is not one to suffer from impostor syndrome or even, apparently, introspection, so her matchmaking methodology remains resolutely unchanged. In India, the business of parents seeking brides and grooms for their children is a cruel and cutthroat one, having originated as a way to preserve caste endogamy. “Indian Matchmaking” bills itself as just any other show about the caprices of trying to find love in a hostile world. The most pernicious aspects are hidden behind a flimsy veneer of fabricated gentility, apparent in the many euphemistic phrases in which Taparia, the singles she is matching and their parents communicate. The show’s title itself reads like an awkward, faux-anthropological translation, when in reality, the Indian here in “Indian Matchmaking” is merely a stand-in for outrageously wealthy, landed upper-caste Hindus (with an exception here and there).

☆ Credit Suisse, SEC letters show months-long reporting errors debate
▼ + stars: | 2023-04-11 | by ( Chris Prentice | ) www.reuters.com time to read: +2 min

NEW YORK, April 11 (Reuters) - Credit Suisse and the U.S. Securities and Exchange Commission (SEC) engaged in a months-long debate over the severity of reporting deficiencies that led the Swiss bank to delay its annual report last month. Credit Suisse (CSGN.S) said in March it had postponed the annual filing after a "late call" with the regulator which raised questions about earlier financial statements. Correspondence published in the SEC's online database on Tuesday show that agency staff first raised questions with Credit Suisse officials in July 2022.Credit Suisse and the SEC declined to comment. The last-minute delay concerned analysts and sent Credit Suisse shares to near an all-time low. In the March 10 letter to Joshi, SEC staff acknowledged discussions with the bank on March 8-10.

"Indian firms that do not increase their prices and (don't) focus hard on profitability do so at their own peril. The move, while long-sought by overseas law firms, appears to have been somewhat unexpected in its timing. Foreign law firms have yet to announce plans for new offices in India but international firms like Allen & Overy and Herbert Smith Freehills told Reuters they are examining the new rules. Lalit Bhasin, who heads the Society of Indian Law Firms, said there were concerns that a foreign law firm might de facto operate as a full-service firm by hiring local law firms to advise on areas concerning Indian law. "Who is going to monitor whether that foreign law firm is not engaged in practice of Indian laws?"

☆ UBS mulls takeover of Credit Suisse with possible Swiss government guarantees
▼ + stars: | 2023-03-18 | by ( John O'Donnell | ) www.reuters.com time to read: +3 min

The people said that UBS was coming under pressure from the Swiss authorities to carry out a takeover. UBS, Credit Suisse, and Switzerland's financial regulator FINMA declined to comment when approached by Reuters. Regulators have urged Credit Suisse Group to pursue a deal with Swiss rival UBS as the troubled bank began a make-or-break weekend after some rivals grew cautious in their dealings with it. The turmoil at Credit Suisse has put another dent in the Swiss reputation for financial stability on which UBS depends. Any tie-up would be one of the biggest since the global financial crisis.

Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over the weekend to assess strategic scenarios for the bank, people with knowledge of the matter said on Friday. Swiss regulators are encouraging UBS and Credit Suisse to merge but neither bank wanted to do so, one source said. The boards of UBS and Credit Suisse were expected to separately meet over the weekend, the Financial Times said,Credit Suisse shares jumped 9% in after-market trading following the FT report. Credit Suisse and UBS declined to comment. Efforts to shore up Credit Suisse come as policymakers including the European Central Bank and U.S. President Joe Biden sought to reassure investors and depositors the global banking system is safe.

☆ Exclusive: Some Credit Suisse counterparties curb dealings as bank heads into scenario meetings -sources
▼ + stars: | 2023-03-17 | by ( Shankar Ramakrishnan Stefania Spezzati Sumeet Chatterjee | Shankar Ramakrishnan | Stefania Spezzati | ) www.reuters.com time to read: +5 min

Credit Suisse declined to comment. Credit Suisse intends to borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank in what it called "decisive action" to boost its liquidity on Thursday. The five people with direct knowledge of the bank's trading counterparties requested anonymity because of the sensitivity of the situation. Credit Suisse has said that it is a strong, global bank. Among possible scenarios, analysts, bankers and investors speculate that Credit Suisse could sell or wind down some of its existing businesses with a break-up potentially on the cards.

Credit Suisse declined to comment on the banks' actions. MARKET TROUBLES LINGERBanking stocks globally have been battered since Silicon Valley Bank collapsed, raising questions about other weaknesses in the wider financial system. A view of the Park Avenue location of the First Republic Bank, in New York City, U.S., March 10, 2023. The supervisors were told deposits were stable across the euro zone and exposure to Credit Suisse was immaterial, a source familiar with the meeting's content told Reuters. "Japan's financial system remains stable as a whole," Kishida told a news briefing.

Executives will run through the numbers and formulate scenarios that might reshape Credit Suisse's future, the sources added. Credit Suisse declined to comment. Among possible scenarios, analysts, bankers and investors speculate that Credit Suisse could sell or wind down some of its existing businesses with a break-up potentially on the cards. The sell-off in Credit Suisse's shares began in 2021, triggered by losses associated with the collapse of investment fund Archegos and Greensill Capital. In December, Credit Suisse had tapped investors for 4 billion Swiss francs.

☆ What happened at Credit Suisse and how did it reach crisis point?
▼ + stars: | 2023-03-16 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

In December, Credit Suisse had tapped investors for 4 billion Swiss francs. Credit Suisse shares have lost more than 75% of their value over the past twelve months. Reuters Graphics Reuters GraphicsWHAT STEPS CAN CREDIT SUISSE TAKE TO CALM INVESTORS? HOW IMPORTANT IS CREDIT SUISSE? Credit Suisse has a local Swiss bank, wealth management, investment banking and asset management operations.

☆ Credit Suisse Finds Material Weaknesses in Financial Reporting
▼ + stars: | 2023-03-14 | by ( Margot Patrick | ) www.wsj.com time to read: 1 min

Credit Suisse has struggled to reverse an investor and customer exodus that followed the collapse of two clients in 2021.Credit Suisse Group AG said it found material weaknesses in its financial reporting over the past two years because of ineffective internal controls, the latest setback in its efforts to move past a series of costly blunders. The bank’s management, including Chief Executive Officer Ulrich Körner and Chief Financial Officer Dixit Joshi , who both started in their jobs in 2022, concluded that the controls weren’t effective, the bank said in its annual report. The weaknesses meant that controls around 2021 financial reporting also weren’t effective.

☆ Blackstone says India top Asian market, eyes infra investments
▼ + stars: | 2023-02-14 | by ( M. Sriram | ) www.reuters.com time to read: +3 min

MUMBAI, Feb 14 (Reuters) - India will continue to be Blackstone Inc's (BX.N) biggest market in Asia and the private equity giant may consider infrastructure investments there in the future, a top company executive said on Tuesday. Blackstone said it manages assets worth $50 billion in India, including in private equity and real estate. Private equity deals in India totalled $32 billion last year, a 27% drop from 2021. Even as Blackstone remains bullish on India, Gray said more certainty around tax and capital market laws will help increase foreign investments in India. China's share in Asia's total private equity deal value dropped to 28% in 2022 from 41% in 2021, the data showed.

Nov 14 (Reuters) - UK-founded law firm Linklaters on Monday said it has hired a finance-focused partner from Sidley Austin in New York to head its energy and infrastructure practice in the Americas. Ron Erlichman specializes in the financing and development of infrastructure projects, particularly renewable energy and carbon neutral projects, according to an archived profile on Sidley Austin’s website. Prior to Sidley, Erlichman co-chaired the project finance group at Houston-headquartered law firm Bracewell. Erlichman’s experience in the renewable energy and project finance practices “will be invaluable as we guide domestic and international clients through the rapidly changing and complex U.S. energy and infrastructure market,” Linklaters global energy and infrastructure group leader Daniel Tryer said in a statement. A Sidley Austin spokesperson did not immediately respond to a request for comment on Erlichman’s departure.

Xiaomi India did not share the agreement with the bank due to confidentiality reasons, Deutsche told investigators, according to the documents. A spokesperson for Deutsche Bank declined to comment. Qualcomm, in a statement, said under "the license with Qualcomm, Xiaomi India pays royalties on all devices sold in India". In that statement, it said Xiaomi India was an affiliate and one of the Xiaomi Group companies, which entered into a legal agreement with Qualcomm. Indian authorities do not agree with that and say Xiaomi India only acts as a reseller of smartphones that are made by contract manufacturers.

☆ Credit Suisse did not tap Swiss National Bank for liquidity during turbulence - CFO
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: 1 min

ZURICH, Oct 27 (Reuters) - Credit Suisse (CSGN.S) did not tap the Swiss National Bank for extra liquidity when it was experiencing outflows during market turbulence early this month, its finance chief said on Thursday. Asked at a news conference if Switzerland's central bank had lent any assistance during that period, CFO Dixit Joshi said: "The answer is no, there was no transaction of that sort." Credit Suisse had said clients pulled funds in early October at a pace that saw the lender breach some regulatory requirements for liquidity, highlighting the impact of wild market swings and a social media storm. read moreReporting by Noele Illien, Editing by Michael ShieldsOur Standards: The Thomson Reuters Trust Principles.

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