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☆ 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

☆ CNBC Pro Talks: Fund manager reveals how to invest after India’s election
▼ + stars: | 2024-06-19 | by ( ) www.cnbc.com time to read: +2 min

How do investors trade volatile Indian markets after the country's surprising election result? Jayaraman manages Causeway's Emerging Markets Fund and International Opportunities Fund. The portfolio manager would focus on the small- to mid-cap segment of the Indian market, he told CNBC Pro Talks on June 19. "Since India is a strong secular growth market, we would say the mid and small-cap [market] is the place to be. With many international investors not able to access Indian stocks easily, Jayaraman also named a few ETFs that he likes.

Persons: Arjun Jayaraman, Narendra Modi's, Jayaraman Organizations: Markets Fund, International, Fund, MSCI, CNBC, REC Locations: bullish, India, South Korea, Taiwan, U.S

☆ CNBC Pro Talks: Outperforming fund manager reveals how to invest after India's election
▼ + stars: | 2024-06-18 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

On Wednesday's Pro Talks , CNBC's Tanvir Gill will ask Jayaraman how to navigate investing in the country, as well as other emerging markets. The portfolio manager and head of quantitative research at Causeway manages its Emerging Markets Fund and International Opportunities Fund . Join CNBC Pro Talks on Wednesday, June 19, at 6:30 a.m. BST / 1:30 p.m. SGT / 1:30 a.m. Learn more from our previous Pro Talks: The market has 'completely missed' this 'critical' AI chip stock, says fund manager Move over Nvidia: Fund manager likes 'overlooked' chipmaker with billions in AI chip sales Will the AI spending boom pay off? One tech fund manager says it looks 'compelling' for some firms Related coverage from Pro: Looking for top alternatives to Nvidia?

Persons: It's, Narendra Modi, Arjun Jayaraman, CNBC's Tanvir Gill, Jayaraman, Tanvir Gill Organizations: India, Causeway, Markets Fund, International, Fund, MSCI, Big, Nvidia Locations: India

☆ Hyundai: India’s biggest IPO could come from South Korean car manufacturer
▼ + stars: | 2024-06-17 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

The world’s biggest car market after China and the United States is the company’s third-biggest revenue generator globally. Hyundai India also said it wants to ship more cars, “strengthening” its position as an export hub. The South Korean parent will sell up to 142 million of the total 812 million shares, or 17.5%, in the IPO. With the IPO, Hyundai aims to unlock value for the Indian business and also help the Korean automaker shed its valuation discount compared to global and Asian peers. Hyundai is being advised on the IPO by investment banks Citi, JP Morgan, HSBC, Morgan Stanley and India’s Kotak.

Persons: Maruti Suzuki, Narendra Modi, JP Morgan, Morgan Stanley, India’s Organizations: Hyundai, Maruti, Tata Motors, Securities and Exchange Board of India, EV, South, Benchmark, Citi, HSBC Locations: India, Mumbai, Korean, China, United States, Hyundai India

☆ West Bengal, India: Train collision kills at least five in eastern India, police say
▼ + stars: | 2024-06-17 | by ( Rhea Mogul | ) edition.cnn.com time to read: +3 min

“Five passengers have died and 25-30 injured in the accident,” Darjeeling police superintendent Abhishek Roy told reporters from the crash site. People gather around the wreckage of a train after a collision in West Bengal, India on June 17, 2024. But decaying infrastructure is often cited as a cause for traffic delays and numerous train accidents. More than 16,000 people were killed in nearly 18,000 railway accidents across the country in 2021, according to the National Crime Records Bureau. Most railway accidents were due to falls from trains and collisions between trains and people on the track.

Persons: Mamata Banerjee, Abhishek Roy, ” Roy, Banerjee, ”, Narendra Modi Organizations: CNN, West Bengal, Mamata Banerjee . Disaster, Kanchenjunga Express, India, National Crime Records Locations: India, Kolkata, Silchar, Assam, Siliguri, Darjeeling, New Jalpaiguri, West Bengal, Odisha

☆ 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

☆ What to Know About the G7 Summit, and Why It Matters
▼ + stars: | 2024-06-13 | by ( Matthew Mpoke Bigg | ) www.nytimes.com time to read: +1 min

Every year, as the leaders of the world’s wealthiest large democracies gather for a summit, the same questions arise: What exactly is the summit for, and why does the group matter? The leaders, along with representatives of the European Union and selected guests, meet to discuss economic issues and major international policies. This year the summit’s host, Prime Minister Giorgia Meloni of Italy, has also invited other figures including Pope Francis and Prime Minister Narendra Modi of India. Whatever the leaders’ disagreements on the issues, one feature of the summits tends to be a shared overall outlook. They also share broadly similar views on trade, security and human rights, giving them enormous influence when they act in concert.

Persons: United States —, Giorgia Meloni, Pope Francis, Narendra Modi Organizations: United, European Union, India Locations: Britain, Canada, France, Germany, Italy, Japan, United States, Puglia, Italian, Ukraine, Gaza

After a weekslong election, Prime Minister Narendra Modi of India and his party won a third term but lost their majority in parliament. The surprising rebuke gives strength to the voice of the opposition and the Indian public in a country that has drifted toward authoritarianism in recent years. The Opinion columnist Lydia Polgreen argues that this election result matters beyond India — and raises the importance of meeting voters where they are. (A full transcript of this audio essay will be available within 24 hours of publication in the audio player above.)

Persons: Narendra Modi, Lydia Polgreen Organizations: India Locations: India

☆ 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

☆ India's race to overtake China will intensify after Modi's reelection because they have the same obsession, analyst says
▼ + stars: | 2024-06-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewIndian Prime Minister Narendra Modi this week secured a historic third term in office — and it's likely to intensify India's economic rivalry with China. Both India and China will be focused on manufacturingTo reach its goal, Modi's India will likely be going big on manufacturing. Companies are diversifying their operations outside China to avoid over-relying on one country, and India is aiming to be the new China. AdvertisementIndia's foreign policy toward China is unlikely to change following Modi's re-election, Ivan Lidarev, an Asian security scholar at King's College London, told Channel NewsAsia. "I think India has strived to position itself as a leader of the global south, and of course, China wants this position," added Lidarev.

Persons: —, Narendra Modi, David Lubin, Modi, Xi Jinping, Bharat, Lubin, Raghuram Rajan, NPR's, Rajan, It's, William Lai's, Mao Ning, Ivan Lidarev Organizations: Service, London, Business, South, Central Bank of India, EV, King's College London, West Locations: —, China, Asia, India, Vietnam, Bangladesh, Malaysia, Delhi, Taiwan, Beijing

☆ Modi is sworn in for a rare third term as India’s prime minister
▼ + stars: | 2024-06-09 | by ( ) www.cnbc.com time to read: +3 min

Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. NEW DELHI — Narendra Modi was sworn in Sunday for a rare third consecutive term as India's prime minister, relying on his coalition partners after his party failed to win a parliamentary majority in a surprise outcome. The 73-year-old popular but polarizing leader is only the second Indian prime minister after Jawaharlal Nehru to retain power for a third five-year term. An avowed Hindu nationalist, the prime minister is considered a champion of the country's Hindu majority, who make up 80% of India's 1.4 billion population. Several South Asian leaders attended the swearing-in ceremony Sunday, including Bangladesh Prime Minister Sheikh Hasina, Sri Lankan President Ranil Wickremesinghe, Nepalese Prime Minister Pushpa Kamal Dahal and Maldives President Mohamed Muizzu.

Persons: Narendra Modi, Modi, Droupadi Murmu, Jawaharlal Nehru, he's, Sheikh Hasina, Ranil Wickremesinghe, Pushpa Kamal Dahal, Mohamed Muizzu, Muizzu Organizations: Indian, Bharatiya Janata Party, BJP, NEW, Modi's National Democratic Alliance, Modi's BJP, Telugu Desam Party, Janata Dal, INDIA, Bangladesh Locations: New Delhi, India, Andhra Pradesh, Bihar, Sri, Maldives, China

☆ Narendra Modi sworn in for third term as India's prime minister in pictures
▼ + stars: | 2024-06-09 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Narendra Modi begins third term as India's prime minister after election victory. Modi's Bharatiya Janata Party won 240 seats, forming a coalition for a parliamentary majority. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNarendra Modi has been sworn in for a third term as India's prime minister after winning the election but losing a parliamentary majority on Friday. Modi, 73, has been forced to form a coalition government as leader of the BJP-led National Democratic Coalition, which together controls 293 seats.

Persons: Narendra Modi, —, Modi Organizations: Modi's Bharatiya Janata Party, Rashtrapati Bhavan, Service, Bharatiya Janata Party, BJP, National Democratic Coalition, Business Locations: New Delhi

☆ Modi, Striking a Modest Tone, to Be Sworn In for a Third Term
▼ + stars: | 2024-06-09 | by ( Mujib Mashal | Hari Kumar | ) www.nytimes.com time to read: 1 min

As a humbled Narendra Modi prepared to take the oath for a third term as India’s prime minister on Sunday, the political air in New Delhi appeared transformed. The election that ended last week stripped Mr. Modi of his parliamentary majority and forced him to turn to a diverse set of coalition partners to stay in power. Their leaders have been swarmed by TV crews while on their way to present demands and policy opinions to Mr. Modi. Above all, the change can be seen in Mr. Modi himself. He pitches himself as the modest administrator that voters showed they wanted.

Persons: Narendra Modi, Modi Locations: New Delhi

☆ 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

☆ India elections: Modi and his Hindu nationalist BJP have another five years in power. What does it mean for the world?
▼ + stars: | 2024-06-08 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

CNN —Narendra Modi has raised India’s stature on the global stage like no other recent leader of the world’s most populous country. But the election results also place Modi in a radically different position from the one he enjoyed during his first decade in power. Now, Modi’s BJP will need to answer the interests of its coalition allies – and face stronger checks from a resurgent opposition, which could dampen its Hindu-nationalist agenda. In the meantime, some observers suggest that while the election results may not have boosted Modi, they are already a boon for India’s global clout. “India coming back as a proper democracy is good for the world order in many senses,” he added.

Persons: CNN — Narendra Modi, –, Modi, ”, T.V, Paul, “, Nehru, ” Modi, Joe Biden, Pete Marovich, that’s, Washington, Farwa Aamer, assertiveness –, Justin Trudeau, Nasir Kachroo, Pakistan –, Sushant Singh, Fahd Humayun, India’s Organizations: CNN, Bharatiya Janata Party, BJP, Reuters, Japan, South Asia, Asia Society Policy, Modi . Canadian, Canadian, Yale University, Indian, Tufts University, ”, McGill University Locations: India, Delhi, United States, China, Pakistan, Australia, New York, New Delhi, Washington, Russia, Canada, Indian, American, Jammu, Kashmir, Modi’s BJP, BJP, Islamabad

☆ 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

lost New Delhi Uttar Pradesh Rajasthan Kolkata ODISHA Maharashtra Mumbai Visakhapatnam ANDHRA PRADESH Bangalore Andaman Islands KERALA Seats N.D.A. lost New Delhi Uttar Pradesh Kolkata Maharashtra Mumbai Visakhapatnam ANDHRA PRADESH Bangalore Andaman Islands KERALA Seats N.D.A. Uttar Pradesh Uttar Pradesh 2019 2024 Ghaziabad Ghaziabad Lucknow Lucknow Ayodhya Ayodhya Kanpur Kanpur Varanasi Varanasi Opposition N.D.A. Opposition Other +8 +16 Ghaziabad Lucknow Ayodhya Kanpur Varanasi 2019 Uttar Pradesh Ghaziabad Lucknow Ayodhya Kanpur Varanasi 2024 Uttar Pradesh Margin of victory, in pct. Opposition Other +8 +16 +8 +16 +8 +16 Nagpur Mumbai Pune 2019 maharashtra Nagpur Mumbai Pune 2024 maharashtra Margin of victory, in pct.

Persons: Narendra Modi, Modi, Modi’s, —, N.D.A Organizations: Bharatiya Janata Party, B.J.P, Congress, National Democratic Alliance Locations: India, New Delhi Uttar Pradesh Rajasthan Kolkata, Maharashtra Mumbai Visakhapatnam ANDHRA PRADESH Bangalore Andaman, KERALA, New Delhi Uttar Pradesh Kolkata Maharashtra Mumbai Visakhapatnam ANDHRA PRADESH Bangalore Andaman, New Delhi Uttar Pradesh Kolkata Maharashtra Mumbai ANDHRA PRADESH Bangalore KERALA, Maharashtra, West Bengal, Uttar Pradesh, India’s, Uttar Pradesh Uttar Pradesh, Ghaziabad Lucknow Lucknow Ayodhya Ayodhya, Varanasi Varanasi, Ghaziabad Lucknow Ayodhya Kanpur Varanasi, Ayodhya Kanpur Varanasi, Ayodhya, Mumbai, maharashtra maharashtra, Nagpur Nagpur Mumbai Mumbai Pune Pune, Nagpur Mumbai Pune, maharashtra Nagpur Mumbai Pune, maharashtra, Andhra Pradesh, Kerala, Telangana, Odisha

☆ Middle-class Americans are falling behind
▼ + stars: | 2024-06-06 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Middle-class income growth has lagged behind that of the upper class since 1970, according to a Pew Research Center report published May 31. There are signs that middle-class Americans are dialing back their spending. Fast food joints, a mainstay dining destination for middle-income consumers, are leaning into discounts to placate frustrated diners. Kohl’s that same month reported weak first-quarter results, underlining how middle-income consumers are pulling back spending on non-essential clothing and discretionary merchandise at department stores. Economic growth has been anemic in recent years, squeezing living standards and starving public services of funds.

Persons: ”, Jennifer Jones Austin, Thomas Kingsbury, Narendra Modi, Diksha Madhok, Peeyush Mittal, Modi, ” Shilan Shah, ” Read, Hanna Ziady, Rishi Sunak, Sunak, Keir Starmer, Tony Blair, Starmer Organizations: CNN Business, Bell, New York CNN, Pew Research, Living Coalition, Data, Bureau of Labor Statistics, Matthews Asia, Bharatiya Janata Party, BJP, Capital Economics, Conservative Party of, European Union, Labour Party, National Health Service, Labour, Conservative Party Locations: New York, India’s, India, United Kingdom, China, San Francisco, Beijing, Washington, Ukraine

☆ 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

☆ Indian Prime Minister Modi set to take oath for a third time as allies pledge support
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +2 min

Indian Prime Minister Narendra Modi's National Democratic Alliance (NDA) formally named him on Wednesday to lead a new coalition government for a third straight term, a day after it regained power with a surprisingly slim majority. Indian Prime Minister Narendra Modi's National Democratic Alliance formally named him on Wednesday to lead a new coalition government for a third straight term, a day after it regained power with a surprisingly slim majority. The BJP-led NDA won 293 seats in the 543-member lower house of parliament, more than the simple majority of 272 seats needed to form a government. The INDIA alliance led by Rahul Gandhi's centrist Congress party won 230 seats, more than forecast. Separately, leaders of the INDIA alliance that comprises over two dozen parties also met at the residence of Congress President Mallikarjun Kharge in Delhi.

Persons: Narendra Modi's, Modi, Rahul Gandhi's, Droupadi Murmu, Mallikarjun Kharge, Kharge Organizations: Indian, Narendra Modi's National Democratic Alliance, Bharatiya Janata Party, INDIA, BJP Locations: Indian, Delhi

☆ Modi went straight from reelection to needling China
▼ + stars: | 2024-06-06 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

India's Prime Minster annoyed China after his reelection. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIndia's Prime Minister Narendra Modi riled China in one of his first acts after being reelected for a historic third term. Modi, who was reelected in a much narrower-than-expected victory on Tuesday, accepted the congratulations of Taiwan's President Lai Ching-te. This story is available exclusively to Business Insider subscribers.

Persons: —, Narendra Modi, Modi, Lai Ching Organizations: India's, Service, Business Locations: China, India

☆ The World Heads to the Polls
▼ + stars: | 2024-06-06 | by ( Manuela Andreoni | ) www.nytimes.com time to read: +1 min

One of the busiest election cycles in history is coming to an end on Sunday. Hundreds of millions of people have gone to the polls in South Africa, India and Mexico in recent days, and millions more will do the same in the European Union this weekend. Today, I want to lay out some the most pressing environmental challenges in these areas, and what the results announced in the past few days point to. Keep in mind that whatever happens in the United States election in November will affect many of these countries, too. But his party didn’t win an outright majority and now needs coalition partners to stay in power.

Persons: Somini Sengupta, Narendra Modi “, ”, Modi Organizations: European Union, Bharatiya Janata Party Locations: South Africa, India, Mexico, European, United States

India's stock market has been topsy-turvy in the past week. WealthMills Securities' equity market strategist Kranthi Bathini says "India's stock markets need stable policy continuity going forward." "The Union Budget has consistently increased allocations for infrastructure development. Strong digital economy and startup ecosystem Another longer-term theme on Sengupta's radar is the digital economy and startup ecosystem. Riding the consumer wave Aside from sectors poised for growth, WealthMills Securities' Bathini suggests looking out for names set to benefit from the strong consumer.

Persons: turvy, Narendra Modi's, Modi, Dhruba Jyoti Sengupta, Kranthi Bathini, Sengupta —, Sengupta, Bathini Organizations: Narendra Modi's Bharatiya Janata Party, BJP, Lok Sabha, Wrise, CNBC Pro, BSE, Bombay Stock Exchange, WealthMills Securities, Budget, Hindustan, Indian Railway Catering, Tourism Corporation, Indian, Construction, Titagarh, Systems, India, Canara Bank, Bajaj Finance, Securities, Hindustan Aeronautics, Tata Motors, Reliance Industries Locations: Lok, Asia, East, Europe, India, uptrend

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