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NEW DELHI (AP) — India has successfully conducted its first test flight of a domestically developed missile that can carry multiple warheads, Prime Minister Narendra Modi said Monday. The missile is equipped with multiple independently targetable re-entry vehicles, Modi said in a post on X, formerly known as Twitter. India has been developing its medium- and long-range missile systems since the 1990s as its strategic competition with China grows. In 2021, India successfully tested Agni-5, a nuclear-capable intercontinental ballistic missile with a range of 5,000 kilometers (3,125 miles) that is believed to be capable of targeting nearly all of China. Agni missiles are long-range surface-to-surface ballistic missiles.
Persons: Narendra Modi, Modi Organizations: DELHI, , Twitter, Associated Press Locations: — India, India, China, Pakistan, British
India says Europe trade group commits to $100 billion 15-year deal
  + stars: | 2024-03-11 | by ( ) www.cnbc.com   time to read: +2 min
Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will waive tariffs on industrial imports from four European nations for a $100 billion investment over 15 years, ending nearly 16 years of negotiations. It envisages that the European Free Trade Association, comprised of Switzerland, Norway, Iceland and Liechtenstein, will invest $100 billion over 15 years in India's fast-growing market of 1.4 billion people, Trade Minister Piyush Goyal said. "With the new deal, we have secured nil import taxes on nearly every Norwegian good." The five signatories must ratify Sunday's deal before it can take effect, with Switzerland planning to do so by 2025.
Persons: Piyush Goyal, Narendra Modi, Christian Vestre, Goyal Organizations: of Commerce and Industry, Consumer Affairs, Food, United Arab, European Free Trade Association, Trade, Industry Locations: India, Australia, United Arab Emirates, Britain, Switzerland, Norway, Iceland, Liechtenstein
CNN —India has announced rules that would allow it to implement a controversial citizenship bill that excludes Muslims. The Citizenship (Amendment) Act provides a fast-track to citizenship for immigrants from Afghanistan, Bangladesh, and Pakistan – provided they are not Muslim. The controversial law would apply to religious minorities persecuted on religious grounds, including Hindus, Sikhs, Buddhists, Jains, Parsis and Christians. Members of the United Opposition Forum protest against the Citizenship (Amendment) Act in Nagaon District, Assam, India, on March 8, 2024. The BJP has its roots in India’s Hindu right-wing movement, many followers of which see India as a Hindu nation.
Persons: Narendra Modi, Pakistan –, Modi, Amit Shah, , Anuwar Organizations: CNN, Indian Ministry of Home Affairs, Indian, United Opposition, Getty, Bharatiya Janata Party, BJP Locations: India, Afghanistan, Bangladesh, Pakistan, Nagaon District, Assam, Uttarakhand, Delhi, Ayodhya
Russian officials alleged Ukraine would build and detonate a dirty bomb against Russian forces and then blame the attack on Russia. Western intelligence agencies had received information that there were now communications among Russian officials explicitly discussing a nuclear strike. “It’s never a cut-and-​dry, black-​and-​white assessment,” the first senior administration official told me. Secretary of State Antony Blinken communicated US concerns “very directly” with Russian foreign minister Sergey Lavrov, according to senior administration officials. “We conducted a number of quiet conversations with core allies to go through our thinking,” the first senior administration official told me.
Persons: CNN —, Biden, Powers, , ” “, Chris McGrath, Vladimir Putin, Sergei Shoigu, “ It’s, NurPhoto, Antony Blinken, Sergey Lavrov, Mark Milley, General Valery Gerasimov, Joe Biden, Bill Burns, Sergey Naryshkin, Xi Jinping, Narendra Modi, Alexandr Demyanchuk, , Organizations: CNN, US, National Security Council, Kherson City, , UN, United Nations, Russian, Russian Armed Forces, CIA, Indian, Shanghai Cooperation Organization Locations: Russia, Ukraine, Hiroshima, Nagasaki, , Russian, Kherson, Ukrainian, France, Turkey, , Kyiv, India, China, Samarkand
They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."
Persons: , Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon
Hong Kong/Bangkok CNN —Tesla is in talks with the Thai government to build a production facility in the country, the prime minister’s office told CNN on Tuesday. The government has offered Tesla (TSLA) a 100% green facility, according to Prommin Lertsuridej, secretary general to the prime minister, who added: “We are in talks with them.”According to Prommin, Tesla representatives last visited Thailand in November, the same month Prime Minister Srettha Thavisin visited the electrical vehicle giant’s Gigafactory in Fremont, California. “It is my hope that this collaboration will cement Thailand as the hub for EV and renewable energy in the years to come,” he wrote. That factory is Tesla’s biggest car manufacturing plant outside the United States and accounted for the bulk of its global deliveries last year. Correction: An earlier version of this article incorrectly spelled the name of the prime minister's general secretary.
Persons: Tesla, Prommin Lertsuridej, Srettha Thavisin, Srettha, , Elon Musk, Narendra Modi Organizations: Bangkok CNN, CNN, EV, Indian Locations: Hong Kong, Bangkok, Thailand, Fremont , California, Asia, Shanghai, United States, India, New York
Bill Gates visited the Statue of Unity in India before heading to the Ambani pre-wedding bash. Prime Minister Narendra Modi personally invited Gates to view the tallest statue in the world. AdvertisementBefore rubbing elbows with the world's rich and famous at the Ambani pre-wedding bash, Bill Gates was just being a tourist in India. Gates posted photos of him on Instagram Friday at the Statue of Unity, the world's largest statue, which is located in the Indian state of Gujarat. The towering memorial to politician Sardar Vallabhbhai Patel — who helped reunite India post-British colonial rule — is nearly 600 feet tall and was commissioned by Prime Minister Narendra Modi in 2013.
Persons: Bill Gates, Ambani, Narendra Modi, Gates, , Sardar Vallabhbhai Patel — Organizations: Service, Business Locations: Unity, India, Indian, Gujarat
Gross domestic product in India surged 8.4% in the final three months of 2023 compared with a year prior, up from growth of 7.6% in the June-to-September period, the country’s statistics office said Thursday. The latest rise is much stronger than analysts expected and means India’s economy “ended last year with a bang,” Thamashi De Silva, assistant India economist at Capital Economics, wrote in a note. “That pace of growth was the strongest among major economies last quarter,” she said, also noting that in 2023 as a whole GDP grew 7.7%. Analysts at Jefferies expect the country to become the world’s third-largest economy by 2027, up from fifth currently. But “any slowdown in growth will be mild, particularly as the government’s infrastructure drive is likely to prop up activity,” she added.
Persons: , Thamashi De Silva, , Narendra Modi, Elon Musk, India “, Modi, ” Musk, De Silva Organizations: London CNN, Gross, Capital Economics, Monetary Fund, Jefferies, Apple Locations: India, China, Washington, Beijing
Modi promised “a fresh start,” agreeing to meet the farmers’ demands and work with them to move forward. Police fire teargas to disperse farmers marching towards New Delhi during a protest at the Haryana-Punjab state border on February 21, 2024. It was a massive victory for the farmers, who pushed the Indian leader into a rare and uncharacteristic climbdown. The abject poverty and debt faced by many of India’s farmers has forced some to take extreme measures. “About 86% of Indian farmers are dependent on the markets.
Persons: Narendra Modi, Modi, , , Narinder Nanu, Devinder Sharma, Gurpreet, Prakash Singh, Arjun Munda, Sharma, ” Sharma, ’ Modi, Arati Jerath, Jerath, ” X Organizations: CNN, Police, Getty, Bharatiya Janata Party, BJP, Rapid Action Force, Bloomberg, Agriculture, India Brand Equity Foundation, country’s Department of Commerce, Farmers, “ Farmers, Roads Locations: New Delhi, Punjab, Haryana, AFP, Uttar Pradesh, China, India, Brazil, BJP, Pakistan, Bangladesh, Afghanistan, Shambhu, Patiala district
And if Biden is not careful, America’s global standing will plummet right along with Israel’s. I don’t think Israelis or the Biden administration fully appreciate the rage that is bubbling up around the world, fueled by social media and TV footage, over the deaths of so many thousands of Palestinian civilians, particularly children, with U.S.-supplied weapons in Israel’s war in Gaza. Hamas has much to answer for in triggering this human tragedy, but Israel and the U.S. are seen as driving events now and getting most of the blame. That such anger is boiling over in the Arab world is obvious, but I heard it over and over again in conversations in India during the past week — from friends, business leaders, an official and journalists both young and old. That many civilian deaths in a relatively short war would be problematic in any context.
Persons: I’ve, Biden, Narendra Modi, , Benjamin Netanyahu Organizations: Biden, U.S, Israel, West Bank Locations: New Delhi, Dubai, Amman, Gaza, Hamas, Israel, U.S, India
The market value of companies listed on India’s exchanges crossed $4 trillion in late November. But the country is stuck in recession and recently lost its position as the world’s third biggest economy to Germany. While interest in the world’s fifth largest economy is rising, the lofty prices of India’s stocks are scaring some international investors away. According to Macquarie, retail investors alone own 9% of India’s equity market value versus foreign investors at slightly under 20%. China “has a few too many companies which are $100 and $200 billion plus [in value],” Mittal said.
Persons: Peeyush Mittal, there’s, , Mittal, They’ve, Narendra Modi, Indranil Mukherjee, Jefferies, , MSCI, Aditya Suresh, Modi’s, Modi, there’ll, ” Suresh, shoring, Hubert de Barochez, Elon Musk, India “, ” Musk, Suresh, Satish Babu, China “, ” Mittal, Priyanka Agnihotri, Nirmala Sitharaman Organizations: New, New Delhi CNN —, Matthews Asia, Getty, Macquarie Capital, Bharatiya Janata Party, Monetary Fund, Jefferies, Capital Economics, Apple, Foxconn, , Workers, Chennai Metro Rail, Advisory, Indian Locations: New Delhi, Jaipur, San Francisco, India, China, Shanghai, Shenzhen, Hong Kong, Japan, Germany, Beijing, Washington, “ India, Macquarie, Chennai, Baltimore
Elon Musk's social media platform X said Thursday it will block certain accounts and posts from India in response to executive orders by the government. X said it did not agree with the order but failure to comply would subject the company to "potential penalties including significant fines and imprisonment." Tens of thousands of Indian farmers — mostly from the northern state of Punjab — have been protesting since mid-February in renewed calls for better crop prices which were promised to them in 2021. In October, the Modi government warned Musk that X would have to comply to country's new and upcoming IT rules. However, it has written an appeal challenging the Indian government with accounts that are pending to be blocked, the company said.
Persons: Elon, X, Jack Dorsey —, Musk —, Narendra Modi's, Modi, Musk, Naman Tandon Organizations: Global Government Affairs, CNBC, country's Ministry of Information, Broadcasting, Reuters, Twitter Locations: Punjab, Haryana, Ambala, India, New Delhi, Delhi, Pakistan, Sri Lanka
Ameen Sayani, a pioneering radio presenter who drew generations of listeners in India with his melodic voice on a radio show that became a national phenomenon, died on Tuesday. Born in 1932, Ameen Sayani was introduced to radio by his elder brother who was an English-language presenter. In 1952, Ameen became one of the first voices to be heard on the airwaves in Asia by starting the radio program for which he became the most famous, “Binaca Geetmala,” showcasing Bollywood music. He hosted the program on Radio Ceylon, one of the oldest radio stations in the world, based in what is now Sri Lanka. The show was later moved to All India Radio, the state-owned public broadcaster.
Persons: Ameen, Narendra Modi, Sayani’s, , ” Mr, Rajil, Ameen Sayani, Binaca Organizations: Radio Ceylon, India Radio Locations: India, English, Asia, Sri Lanka
The Global Rise of Autocracies
  + stars: | 2024-02-16 | by ( Elliott Davis Jr. | Feb. | At A.M. | ) www.usnews.com   time to read: +5 min
Autocracies – governments in which one person possesses unlimited power – are on the rise. Meanwhile, the percentage of electoral democracies – political systems that hold meaningful, free and fair elections with multiple political parties – has gone down. Starting in the 1960s and again in the 1980s, the global share of autocracies decreased dramatically as democracy started to gain more of a foothold around the world, according to V-Dem’s analysis. And despite the relative rise in autocracies in recent years, there were still 58 elected democracies globally compared to 30 closed autocracies in 2022. In 2022 there were also 58 electoral autocracies, which “hold multiparty elections but their quality or conditions around them are not sufficient to be classified as an electoral democracy,” according to V-Dem experts.
Persons: , Thomas Carothers, , , Barbara Wejnert, Carothers, Viktor Orbán, Recep Tayyip Edrogan, Narendra Modi, Subianto, it’ll, “ It’s, ” Carothers, Donald Trump, Vladimir Putin, Trump’s Organizations: Carnegie Endowment, International Peace, University of Buffalo, Global Democracy, European Union, Brookings Institution, The Washington, New York Times, Reuters Locations: Indonesia, autocracies, China, Russia, Hungary, Turkey, India, Indonesian, U.S
New Delhi CNN —India’s main opposition party, the Indian National Congress, said Friday that its bank accounts had been frozen by federal tax authorities, just weeks before an expected nationwide election. He added that the Income Tax Department had issued a payment demand for 2.1 billion rupees ($25.3 million) in connection to the ongoing probe. Maken said the action taken against his party was equivalent to “freezing our democracy.”“The Congress party’s bank accounts haven’t been frozen. CNN has reached out to India’s Income Tax Department and Finance Ministry, and multiple leaders within the Congress Party for further comment. The Congress Party, a once formidable force in Indian politics, has been languishing in the polls since Modi rose to power a decade ago.
Persons: Ajay Maken, Maken, , , Vivek Tankha, Tankha, Mallikarjun Kharge, Narendra Modi’s, Rahul Gandhi, Rajiv Gandhi, Gandhi, Modi, Modi’s Organizations: New, New Delhi CNN, India’s, Indian National Congress, Income, Department, Party, CNN, Finance Ministry, Congress Party, ” Allies, Bharatiya Janata Party, BJP, Former, Indian, Modi’s BJP Locations: New Delhi, India
Millionaire count in the BRICS countries — which together hold $45 trillion in investable wealth — is forecast to rise by 85% over the next 10 years, the investment migration consultancy noted in its report published in partnership with global intelligence firm New World Wealth. The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally. "The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally," Andrew Amolis, wealth analyst at New World Wealth told CNBC. The UAE followed in third place with a 77% wealth growth. Other members in the BRICS coalition, such as South Africa and Iran, have seen a decline in their millionaire populations since 2013.
Persons: Michel Temer, Vladimir Putin, Xi Jinping, Jacob Zuma, Narendra Modi, Andrew Amolis, Dominic Volek Organizations: India's, United, Henley & Partners, Wealth, CNBC, Amolis, European Union, Henley, Partners, UAE Locations: South, Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, Saudi Arabia, Canada, France, Japan, Italy, U.S, United Kingdom, Southeast Asia, UAE
India’s Supreme Court on Thursday struck down a contentious fund-raising mechanism that allowed individuals and corporations to make anonymous political donations, a system that was widely seen as an advantage for Prime Minister Narendra Modi’s governing party. Though the judgment came just months before the country’s next general election, probably too soon to affect its outcome, activists said it could bring more accountability to campaign finance down the road. The ruling on “electoral bonds,” as the fund-raising instruments are known, came a full six years after Mr. Modi’s government introduced them. Under the contested fund-raising system, the government-owned State Bank of India, India’s largest commercial bank, issued paper bonds that could be purchased in exchange for donations to a political party of the donor’s choice. They range from just $12 to more than $120,000, with no limit on the number of bonds that a donor could buy.
Persons: Narendra Modi’s Organizations: Bharatiya Janata Party, State Bank of India Locations: India’s
The demolitions drew incensed residents onto the streets and at least six people have been killed in clashes with police. The image of India that Modi wants to project is one of a confident, vibrant, and modern superpower. In India, a country of diverse faiths, religious groups follow their own laws for matters such as marriage, divorce and inheritance. Mohammad Zakir Hussain has said he barely slept since the demolition of his mosque, the madrasa, and his home in India’s capital Delhi. “(The government) rationalizes everything by blaming Mughal emperors,” he said, referring to India’s ancient Islamic rulers.
Persons: Narendra Modi, Modi, Ram, , Nilanjan Mukhopadhyay, Imtiyaz Khan, Asaduddin, , Mukhopadhyay, Mohammed Zakir Hussain, Mohammad Zakir Hussain, Aishwarya Iyer, Sanjay Katyal, Rana Safvi, ” Safvi, ” Mohammad Aman, Mohammad Arif, what’s, Mohammad Aman Organizations: New, New Delhi CNN, CNN, Authorities, Bharatiya Janata Party, BJP, Indian, Anadolu, Getty, Amnesty International, Delhi Development Authority, , Court Locations: New Delhi, India, Uttarakhand, Delhi, Uttarakhand’s Haldwani, Haldwani, AFP, Ayodhya, Uttar Pradesh, India’s, Jammu, Kashmir, BJP, Delhi’s Mehrauli, Akhondji
CNN —India’s Prime Minister Narendra Modi is in the United Arab Emirates to inaugurate a Hindu stone temple, boosting his credentials as a global statesman months before he heads to the polls in a nationwide election where he is seeking a rare third term in power. Indian Prime Minister Narendra Modi with President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan in Ahmedabad state of Gujarat, India on January 9, 2024. Yet, analysts expect this will not present an issue for Modi during his visit, given India’s rising prominence, its growing economy and strategic position on the global stage. In 2015, the UAE government allocated land for the development of the temple, in a major win for the diaspora. President Joe Biden visits Raj Ghat memorial with Prime Minister of India Narendra Modi and other G20 leaders, Sept. 10, 2023, in New Delhi.
Persons: CNN —, Narendra Modi, Modi, Sheikh Mohamed bin Zayed Al Nahyan, United Arab Emirates Sheikh Mohamed bin Zayed Al, , Asim Ali, ” Ali, , Ram, Nicolas Blarel, Blarel, Swaminarayan, ” Blarel, Kadira Pethiyagoda, that’s, Joe Biden, Raj, India Narendra Modi, Kenny Hoston, Mukesh Ambani, Gautam Adani, Powers, ” Pethiyagoda Organizations: CNN, CNN — India’s, United, United Arab Emirates, Emirates, Guard, Indian, PIB, Getty, Bharatiya Janata, International Relations, Institute of Political Science, Leiden University, BJP, Brookings, Reuters Locations: United Arab, Abu, United Arab Emirates, United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, Ahmedabad, Gujarat, India, Anadolu, UAE, New Delhi, Abu Dhabi, The Netherlands, South Asia, Indian, “ India, Saudi Arabia, East, Europe, , China, Russia, Ayodhya, India’s
Why Farmers Are Marching Toward Delhi Again
  + stars: | 2024-02-14 | by ( Alex Travelli | Suhasini Raj | ) www.nytimes.com   time to read: +1 min
Once again, India’s capital is bracing itself for a siege. Not by a foreign army but by an army of Indian farmers, streaming toward New Delhi from nearby states to protest government policies. The farmers’ march has turned the city’s main points of entry into choke points, as the federal and local police go into overdrive: barricading highways by pouring concrete and stacking shipping containers to halt the advancing tractors. The authorities have blocked the social media accounts of some protest leaders and even used drones that were once billed as an agricultural innovation to drop tear-gas grenades on the demonstrators. The scenes hark back to North India’s biggest protests of 2020 and 2021, when hundreds of thousands of farmers, mostly from the states of Punjab and Haryana, forced the government of Prime Minister Narendra Modi to abandon three bills meant to overhaul India’s agricultural economy.
Persons: Narendra Modi Locations: Delhi, Punjab, Haryana
CNN —Eight Indian nationals who were detained and sentenced to death in Qatar on reported espionage charges have been released, according to Indian authorities. “The Government of India welcomes the release of eight Indian nationals working for the Dahra Global company who were detained in Qatar. They had been working for Dahra Global Technologies, a defense services provider based in Qatar, according to CNN News18. Qatar has not publicly addressed the arrest, sentencing and subsequent release of the eight Indian citizens. CNN affiliate CNN-News18 reported at the time that the eight Indians had been detained in August 2022 on spying charges.
Persons: , , Amir, it’s, Narendra Modi’s, Jairam Ramesh, Modi Organizations: CNN, Eight, Dahra Global, External Affairs, Indian Navy, Twitter, Dahra Global Technologies, CNN News18, United Nations Locations: Qatar, India, State
Indian State's Polygamy Ban Divides Some Muslim Women
  + stars: | 2024-02-11 | by ( Feb. | At P.M. | ) www.usnews.com   time to read: +4 min
For others like Jafar, Muslim politicians and Islamic scholars, it is an unwelcome stunt by Prime Minister Narendra Modi's Hindu nationalist party. A 2013 survey found 91.7% of Muslim women nationwide saying a Muslim man should not be allowed to have another wife while married to the first. The Supreme Court in 2017 found the Islamic instant divorce unconstitutional, but the order did not ban polygamy or some other practices that critics say violate equal rights for women. The All India Muslim Personal Law Board called the code impractical and a direct threat to a multi-religious Indian society. "Banning polygamy makes little sense because data shows very few Muslim men have more than one wife in India," said board official S.Q.R.
Persons: Bano, Sadaf Jafar, Jafar, Narendra Modi's, Modi's, Ilyas, Rupam Jain, William Mallard Organizations: DELHI, Reuters, Modi's Bharatiya Janata Party, BJP, SOCIETY BJP, Islam Locations: Islam, Uttarakhand, India's, India, Uttar Pradesh
As China's property market and deflation woes continue to rattle investors, India's growth outlook appears all the more impressive. Last year's annual report attributed strong revenue growth partially to expansion in the Middle East, India, and Asia, Krishna wrote. "More than revenue, India is an important area for sourcing talent" as well, Krishna wrote. Growth potential For investors looking to gain exposure to the domestic stock market, Indian equities themselves aren't especially cheap though. "You're paying for the growth potential in India, certainly.
Persons: Morgan Stanley, Chetan Ahya, Ahya, Bernstein, , Narendra Modi, Bill Fitzpatrick, Fitzpatrick, Quincy Krosby, Venu Krishna, Aecom, Krishna, Tim Long, Long, Simon Coles, Krosby, Jeffrey Gundlach, Gundlach, CNBC's, — CNBC's Michael Bloom Organizations: Investment, Logan Capital Management, Modi, Infrastructure Pipeline, Aecom, Barclays, Cisco Systems, Juniper Networks, India —, Semiconductor, Micron Technology, Qualcomm, Logan Capital Locations: India, China, Asia, Philadelphia, South Carolina . U.S, Dallas, East, Asia Pacific, Japan, Coles , U.S, U.S, IShares
BENGALURU, India (AP) — Microsoft CEO Satya Nadella urged in a speech to more than a thousand Indian computer code developers on Thursday that they use the company's artificial intelligence tools being deployed across its products. Nadella said Microsoft Corp. expects that use of AI can help achieve 10%, or $500 billion, of India’s GDP target for 2025. Microsoft is building its fourth data center in India near the city of Hyderabad, where Nadella grew up. Nadella boasted in a speech in Mumbai on Wednesday that his company is still ahead on most benchmarks. Indian Prime Minister Narendra Modi met with Nadella during a visit to the U.S. last June.
Persons: Satya Nadella, ” Nadella, Nadella, , “ We’re, It’ll, Narendra Modi, ___ O'Brien Organizations: Microsoft Corp, Microsoft, Hyderabad, OpenAI, Google, Nadella, Apple Inc, Microsoft's, Indian, U.S Locations: BENGALURU, India, Bengaluru, Silicon, United States, Hyderabad, Mumbai, Pune, Chennai, Nadella, Microsoft's India, Providence , Rhode Island
Hindenburg Research published a blistering report in January 2023, accusing Gautam Adani, then Asia’s richest man, of engaging in fraud over decades. “The group has done exceptionally well on various fronts since the Hindenburg report,” said Manish Chowdhury, head of research at brokerage StoxBox. On Thursday, his wealth once again crossed the $100 billion threshold, according to the Bloomberg Billionaires Index. An ‘attack’ on IndiaHindenburg Research, named after the 1937 airship disaster, had accused the Adani Group of “brazen stock manipulation” and it questioned the “sky-high” valuations of Adani firms. However, since the Hindenburg report, the group has worked on reducing its borrowing.
Persons: David, Gautam Adani, Hindenburg, Adani, , Manish Chowdhury, ” Adani, Jeff Bezos, Mukesh Ambani, John D Rockefeller, Cornelius Vanderbilt, Narendra Modi, Chowdhury, Organizations: New, New Delhi CNN, Hindenburg Research, Bloomberg, India Hindenburg Research, Adani, GQG Partners, , America’s, Adani Enterprises, Indian, Bharatiya Janata Party Locations: New Delhi, India, , , Times
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