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CNN —Russia has promised to discharge Indian nationals who were “misled” into joining its army to fight in Ukraine, India’s foreign secretary said Tuesday. “The Russian side promised the early discharge of all Indian nationals from the service of the Russian army,” he said. “The trafficked Indian Nationals were trained in combat roles and deployed at front bases in Russia-Ukraine War Zone against their wishes,” the CBI statement said. In neighboring Nepal, lawmakers have called on the Russian authorities to provide figures for its nationals fighting in Ukraine. The Russians position themselves a few hundred meters back as support,” said Suman Tamang, after he returned from Russia.
Persons: , Narendra Modi “, Vladimir Putin, Vinay Mohan Kwatra, Putin, Bimala Rai Paudyal, Kwatra, , ” Kwatra, Imran Mohammad, Asfan Mohammed, Asfan, ” Imran, Suman Tamang, Ramchandra Khadka, ” Khadka Organizations: CNN, Indian, Indian Ministry, Russian, Kremlin, India’s, Bureau of Investigation, Indian Nationals, CBI Locations: Russia, Ukraine, Russian, Moscow, New Delhi, South Asia, Nepal, India, Indian, Hyderabad, Bakhmut –
A Malaysia Airlines Boeing flight bound for Kuala Lumpur had to turn back after takeoff. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Malaysia Airlines flight from Hyderabad, India, to Kuala Lumpur, Malaysia, had to return shortly after takeoff on Thursday night. A video taken from inside the aircraft, posted by The Straits Times, showed its engine on fire with sparks flying out behind it. The fire broke out 15 minutes after the plane took off, per The Straits Times.
Persons: Organizations: Malaysia Airlines Boeing, Service, Malaysia Airlines, The Straits Times, Straits Times Locations: Kuala Lumpur, Hyderabad, India, Malaysia
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
CNN —Shah Rukh Khan’s manager has said India’s “King of Bollywood” is recovering well after reports he was hospitalized with heatstroke, as parts of the country swelter during a weeks-long general election. Maximum temperatures there climbed to 45 degrees Celsius (113 degrees Fahrenheit) this week. Also known as “King Khan,” the actor has near-demigod status in India, having starred in more than 90 movies and earned multiple accolades. He received India’s fourth-highest civilian honor in 2005, and a spot on Time magazine’s 100 most influential list in 2022. Experts say the climate crisis is only going to cause more frequent and longer heatwaves in the future, testing India’s ability to adapt.
Persons: CNN — Shah Rukh, , Khan’s, Pooja Dadlani, Khan “, Om Prakash Jat, Gauri, King Khan, Khan Organizations: CNN, K D, Press Trust of India, KD Hospital, Indian Premier League cricket, Kolkata Knight Riders, India Meteorological Department, IMD, Authorities Locations: Ahmedabad, Gujarat, Rural, India, Hyderabad, Rajasthan, Punjab, Haryana, Uttar Pradesh, Delhi, Barmer
Singapore Airlines was ordered to compensate a couple for their malfunctioning business-class seats. AdvertisementSingapore Airlines has been ordered to compensate a couple who said their business-class seats malfunctioned, according to local media reports. They paid 66,750 rupees (about $800) for each business-class seat, India Today, India's most widely read weekly magazine, reported. On Friday, April 26, local outlets reported that a consumer-disputes commission in Hyderabad ordered Singapore Airlines to compensate the Guptas. Singapore Airlines is one of the world's few five-star airlines, according to the Skytrax ranking.
Persons: Ravi, Anjali Gupta, , Ravi Gupta Organizations: Singapore Airlines, Service, India Today, Business Insider, Qatar Airways, Emirates Locations: India, Singapore, Hyderabad, Deccan Chronicle, British, Indian, Telangana
But its private sector has played a limited role in space exploration, acting mostly as suppliers and vendors for its national space agency, the Indian Space Research Organization (ISRO). “Very few companies globally are able to make it to orbit yet.”Pawan Chandana, the co-founder of Skyroot Aerospace Skyroot Aerospace Pvt. As Indian space startups mature over the coming years, he expects the government to become a customer, enabling further growth. Many private space companies source income from governments, including Space X, which has raked in billions of dollars from US government contracts. In November 2022, Skyroot Aerospace launched India's first privately built rocket, Vikram-S. Skyroot Aerospace Pvt.
Persons: Vikram, ” Pawan Chandana, , Pawan Chandana, Narendra Modi, , Susmita Mohanty, Skyroot, Chandana, ridesharing, Kari Bingen, Modi, Mohanty Organizations: CNN, Indian Space Research Organization, ISRO, Elon, SpaceX, Skyroot Aerospace, Skyroot Aerospace Skyroot Aerospace, . Ltd, McKinsey & Company, Economic, , LEO —, Vikram Sarabhai, Aerospace Security, Center for Strategic, International Studies, Deloitte, India’s, NASA Locations: India, United States, Hyderabad, Thiruvananthapuram, Singapore
“I saw holes on the back of his shoulder, his ribs right down till his lower back,” Imran told CNN. “He was going to work as a taxi driver or delivery boy in Russia – that process was on,” Imran said. Meanwhile, India, which has no law preventing its citizens from serving in a foreign state’s military, has acknowledged that a number of its nationals have been fighting for Russia in Ukraine. In early March, India’s Central Bureau of Investigation (CBI) said it had busted major human trafficking networks that were duping men into Russian military jobs, with 35 such cases identified. Asfran Mohammed, right, and his brother Imran are pictured with Asran's children before Asfran left for Russia.
Persons: New Delhi CNN —, Asfan Mohammed, he’d, Imran Mohammad, Vladimir Putin’s, , ” Imran, Imran, , Asfan, Putin, Allen, He’d, Asfran, Mohammed Imran, Inna Varenytsia, Bimala Rai Paudyal, I’d, who’d, Asfran Mohammed, Mohammed Imran “, I’ve Organizations: New, New Delhi CNN, CNN, Russian, , United Arab Emirates, Reuters Foreign, Kremlin, Indian Ministry, External Affairs, India’s, Bureau of Investigation, Indian Nationals, CBI, Asfan, Indian, Indian Embassy Locations: New Delhi, India, Russia, Russian, Ukraine, Hyderabad, , Australia, Moscow, Ukrainian, Kreminna, South Asia, Nepal
Under Modi, India has become the world’s fastest growing major economy, pushing the country of 1.4 billion people to near-superpower status. Here’s what you need to know about the largest election in human history:How does India vote? Prime Minister Narendra Modi addresses his supporters during an election campaign rally in Pushkar on April 6, 2024. Congress senior party leader Rahul Gandhi during the release of the party manifesto on April 5, 2024 in New Delhi. The ruling BJP’s symbol is a lotus, while the Congress party is a raised, open-palmed hand.
Persons: Narendra Modi, Modi, Noah Seelam, Rahul Gandhi, Arvind Kejriwal, Congress ’ Mamata Banerjee, Muthuvel Karunanidhi Stalin, Himanshu Sharma, Modi’s, Kejriwal, Sanjeev Verma, Nasir Kachroo, Biju Boro Organizations: CNN, Bharatiya Janata Party, BJP, European Union, Getty, Indian National Congress, Congress, Developmental Inclusive Alliance, Aam Aadmi Party, Delhi, West, All India, Modi, Hindustan Times, Minorities, Analysts, Bahujan Samaj Party, Farmers, for Media Studies Locations: India, United States, Russia, Lok, Hyderabad, AFP, INDIA, West Bengal, Tamil, Pushkar, Delhi, New Delhi, Ayodhya, Agriculture, Himachal Pradesh, China, Lohore Sapori, Assam
The new plane launched on domestic routes, like Bengaluru and Mumbai, in January and will eventually launch overseas, Air India says. It's very likely to fly to the US, though Air India has yet to release specific cities. Air India's business class is also way behind industry standards. Flight attendants and pilots are getting a makeoverIn December, Air India released photos of its new crew uniforms. Ground staff, engineers, and security personnel are also set to get new uniforms, which Air India said it will reveal in "due course."
Persons: , Campbell Wilson, Taylor Rains, It's, Wilson, Christophe Archambault, Manish Malhotra Organizations: Service, Air India, Tata Group, Air, Business, Tata, Airbus, Boeing, Wings, Paris Airshow, Airbus A320neos, Russian, Aeroflot, India's Boeing, Qatar Airways, Delta Air Lines, Emirates, Q, Getty Images Air, Air India's Boeing Locations: India, Hyderabad, Bengaluru, Mumbai, Air India, AFP, Getty Images Air India, Qatar, Emirates
Just days after delivering a stellar quarter, Microsoft CEO Satya Nadella was on a whirlwind speaking tour throughout India. The Indian market also represents a largely untapped market that will diversify revenue streams. Over the summer, India became Amazon's first market in Asia to launch its dedicated virtual cargo airline , dubbed Amazon Air. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Satya Nadella, Morgan Stanley, Chetan Ahya, Ahya, Bernstein, Nadella, Zev Fima, Fima, Tim Cook, Amazon, Sundar Pichai, Jim Cramer's, Jim Cramer, Jim Organizations: Microsoft, Apple, country's Ministry, Skill Development, Entrepreneurship, Club, Foxconn Technology, Media, Amazon, Walmart, Web Services, Google, CNBC Locations: India, Mumbai, Bengaluru, New Delhi, China, Asia, United States, Chennai, Puna, Hyderabad, Tamil Nadu, India's, Gujarat
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
Read previewA new reform to the US H-1B visa program aims to ring out some of the uncertainty for migrant workers and employers. Each year, tens of thousands of foreign nationals wind up at venture-backed companies through the employment-based visa program. However, obtaining an H-1B visa remains challenging due to high demand. Data shows much of the increase was due to a record-breaking number of employers submitting multiple H-1B registrations for the same person. "This led to many individuals being entered into the lottery multiple times, through different companies, and ultimately decreasing the odds of being selected in the lottery," Finkelman said.
Persons: , Jason Finkelman, Finkelman, USCIS, Sophie Alcorn, Alcorn Organizations: Service, Immigration Services, Business, Tech Locations: Austin, Hyderabad, Beijing, Silicon Valley
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAir India welcomed its new Airbus A350 in December — a first for the nation's flag carrier — and it's an incredible improvement from the airline's notoriously mediocre product. This story is available exclusively to Business Insider subscribers. The next-generation aircraft represents a new era for Air India, which debuted the Airbus model on Monday. To see the progress, I toured Air India's new A350 widebody at the Wings Airshow in Hyderabad last week — and I think customers have a lot to look forward to.
Persons: Organizations: Service, India, Airbus, Business, Air India, Tata Group, Air, Wings Locations: Hyderabad
The CEO of an Illinois-based software firm died following an incident at a company event, reports say. The company was holding an event in Hyderabad, India to celebrate its 25th anniversary. AdvertisementA tech CEO died following an incident at a company event in India, multiple outlets reported. The two men can be seen falling out of the cage and plunging about 20 feet to the stage. Shah, 56, was the founder of Vistex and CEO of the revenue management software firm for 25 years.
Persons: Sanjay Shah, Vistex, , Vishwanath Raju Datla, Shah Organizations: Service, The Times, Film, CBS News Locations: Illinois, Hyderabad, India
HYDERABAD, India (AP) — India’s newest airline will buy 150 Boeing 737 Max aircraft, in the first major announced sale for the manufacturer since a panel blew out of another Max model in midflight earlier this month, the airline announced Thursday. Akasa Air CEO Vinay Dube announced the order of the Boeing 737 Max 10 and 737 Max 8-200 planes at an airshow in the southern Indian city of Hyderabad. It currently operates a fleet of 22 Boeing 737 Max 8 and Max 8-200 planes. Political Cartoons View All 253 Images“This milestone demonstrates the strength of our partnership with Akasa Air," Boeing Chief Operating Officer Stephanie Pope said in a statement. Air India, IndiGo, SpiceJet, Vistara, Air India Express and Akasa Air are among India's main airlines.
Persons: Vinay Dube, Max, Dube, Stephanie Pope Organizations: Boeing, Max, Akasa, Alaska Airlines Boeing, Air, Air India Express Locations: HYDERABAD, India, Indian, Hyderabad, Portland , Oregon, South Asia, Air India, Vistara
The H-1B visa has served as a prominent pathway for skilled foreign labor into the American job market. The H-1B visa program is the nation's largest temporary work visa program, with over 600,000 workers across 50,000 employers. However, obtaining an H-1B visa remains challenging due to high demand. According to data from US Citizenship and Immigration Services, the 2024 H-1B visa lottery saw applications rise to a record-breaking 780,000. Using recent data from the US Office of Foreign Labor Certification, Business Insider put together this ranking of the top H-1B startup employers between October 1, 2022, and September 30, 2023.
Persons: USCIS, Jason Finkelman, Finkelman Organizations: Business, Citizenship, Immigration Services, White, Information, Regulatory Affairs, of Foreign Labor Locations: Hyderabad, Beijing
India’s newest airline is purchasing 150 Boeing 737 Max aircraft, in the first major order the troubled planemaker has announced since the dramatic Alaska Airlines incident in which part of the fuselage of a 737 Max 9 fell off mid-flight. Akasa Air has ordered the 737 Max 10 and 737 Max 8-200 aircraft to be delivered through 2032, the airline said at an event in the southern Indian city of Hyderabad. On Wednesday, the US Federal Aviation Administration said it was expanding its probe to include Spirit AeroSystems (SPR), which builds the fuselage of the 737 Max 9. Akasa Air, which was launched in 2022, is not the only Indian carrier that is buying a lot of Boeing planes. Last year, Air India said it would buy 220 Boeing planes.
Persons: planemaker, Max, ” Stephanie Pope, Ethopia, Antony Blinken, Vinay Dube, , Joe Biden, Narendra Modi Organizations: New, New Delhi CNN, Boeing, Max, Akasa, Alaska Airlines, US Federal Aviation Administration, Economic, Air, Indian Locations: New Delhi, Alaska, Indian, Hyderabad, Portland , Oregon, Indonesia, Wells, Washington, Davos, Switzerland, India, Air India
10 industry leaders transforming business in 2023
  + stars: | 2023-12-11 | by ( ) www.businessinsider.com   time to read: +20 min
In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.
Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, , She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton
Cyclone Michaung was expected to make landfall on the coast of the southern Indian state of Andhra Pradesh on Tuesday morning, the country's weather office said, with sustained winds of 90-100 kph (56-62 mph), gusting to 110 kph. Two people were killed when a wall collapsed because of heavy rain in the Chengalpattu district of neighbouring Tamil Nadu state, joint director of the state disaster management department, C. Muthukumaran, told Reuters. [1/3]People move in a boat past partially submerged vehicles in a residential area following heavy rains ahead of Cyclone Michaung in Chennai, India, December 4, 2023. Parts of Andhra Pradesh were likely to get more than 200 millimetres (8 inches) of rain over the next 24 hours, India's weather office said. At least 800 people have been evacuated so far from Bapatla, the coastal town in Andhra Pradesh where the cyclone is expected to make landfall on Tuesday, P Ranjit Basha, district collector of Bapatla, said.
Persons: Cyclone Michaung, Muthukumaran, Ranjit Basha, Praveen, Jatindra, Shilpa Jamkhandikar, Gerry Doyle, Sharon Singleton Organizations: Cyclone, Reuters, REUTERS, Authorities, ., Thomson Locations: CHENNAI, Andhra Pradesh, Chengalpattu, Tamil Nadu, Chennai, India, Bapatla, Sadam, Hyderabad, Bhubaneshwar
[1/6] Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. But he acknowledged service capacity issues and said Ola was "aggressively" bolstering its service network by adding 100 new centres and hiring more technicians. 'TESLA FOR WEST, OLA FOR REST'Aggarwal often declares, "Tesla is for the West, Ola for the rest", and he's a man in a hurry. "Electric vehicles are new to people so they aren't aware of how to ride the vehicle to maximise optimal output," he said.
Persons: Francis Mascarenhas, it's, Elon Musk, Aggarwal's Ola, Tesla, Ola, Devendra Ghuge, Aggarwal, Ola EVs, Ravi Bhatia, Bhatia, Japan's SoftBank, Ronald Radhakrishnan, Koradia, Riddhima Talwani, Aditi Shah, Rishika Sadam, Sriram, Arpan Chaturvedi, Anushree, Pandya, Francis Mascerehnas, Varun Vyas, Munsif, Jatindra, Saurabh Sharma, Sumit Khanna, Jose Devasia, Aditya Kalra Organizations: Ola Electric Service Centre, REUTERS, Staff, Reuters, JATO Dynamics, WEST, OLA, West, Singapore's Temasek, Industry, Hero Electric, TVS, EV, Ola, Fayaz Bukhari, Thomson Locations: Thane, Mumbai, India, THANE, HYDERABAD, DELHI, MUMBAI, Chennai, Bengaluru, India's, U.S, China, Kochi, New Delhi, Bhubaneswar, Lucknow, Ahmedabad, Jose, Srinagar
The full benefit for these Indian manufacturers will not be immediate, said Peter DeYoung, CEO of Piramal Pharma Solutions. Nimgaonkar said Indian CDMOs need to do more to ensure their reputation on quality standards matches Western and Chinese ones. The Indian CDMOs told Reuters that their facilities are routinely inspected by the FDA. Aragen counts seven of the 10 biggest pharma companies as clients, he said, declining to name them. "New biotechs are deciding to put eggs in both the Indian and China baskets from the start," Subramanian said.
Persons: Trump, Tommy Erdei, Ashish Nimgaonkar, Nimgaonkar, Sai, Peter DeYoung, Helen Chen, CDMOs, Piramal, DeYoung, Ramesh Subramanian, Subramanian, Maggie Fick, Andrew Silver, Michele Gershberg, Catherine Evans Organizations: Jefferies, Glyscend Therapeutics, Reuters, Sciences, Piramal Pharma, Sai Life Sciences, Western pharma, Piramal Pharma Solutions, L.E.K, Consulting, pharma, U.S . Food, Drug Administration, FDA, Thomson Locations: China, India, SHANGHAI, HYDERABAD, U.S, Shanghai, United States, London, Hyderabad
The world famous Gateway of India monument in Mumbai, India was built during the 20th century to commemorate the visit of king George V and Queen Mary. India's travel landscape is changing as the country emerges as a powerhouse in the tourism sector. Their willingness to spend big while traveling is going, but research shows that most Indians are traveling domestically — not overseas. Indian travelers took 1.7 billion leisure trips in 2022 but most never left the country, and only about 1% traveled abroad, according to Booking.com and McKinsey. Here are the top 10 spots for Indians traveling within their own country, according to Booking.com and McKinsey.
Persons: George V, Queen Mary, McKinsey Organizations: McKinsey, McKinsey Mumbai, CNBC Locations: India, Mumbai, McKinsey ., Delhi Bengaluru Mumbai Chennai Pune Hyderabad, Jaipur Kochi Kolkata, New Delhi, Bengaluru, Chennai, Kochi
BHUBANESWAR, India, Oct 30 (Reuters) - The death toll from a train crash in India has risen to 13, with 39 injured, an official said on Monday, with investigators suspecting human error was the cause of the crash in the south-eastern state of Andhra Pradesh. [1/2]Rescue workers and police officials stand next to damaged coaches following a collision between two passenger trains in Vizianagaram district in the southern Andhra Pradesh state, India, October 30, 2023. REUTERS/R.Narendra Acquire Licensing RightsThe railway ministry said a preliminary investigation found that "human error" that led to "overshooting of signal" by the Visakhapatnam-Rayagada train. The accident came months after India's state-run railway system suffered its worst crash in two decades when 292 people were killed. Reporting by Jatindra Dash in Bhubaneswar, Rishika Sadam in Hyderabad; writing by Tanvi MehtaOur Standards: The Thomson Reuters Trust Principles.
Persons: Jatindra, Tanvi Mehta Organizations: Palasa Express, Reuters, REUTERS, Railways, Thomson Locations: BHUBANESWAR, India, Andhra Pradesh, Visakhapatnam, Vizianagaram district, Bhubaneswar, Rishika Sadam, Hyderabad
Japan Inc is only winner in nixed chip deal
  + stars: | 2023-10-27 | by ( Anshuman Daga | ) www.reuters.com   time to read: +3 min
But this failed tie-up does have a winner of sorts: Japan Inc.That’s precious little consolation for the others involved. Reuters Graphics Reuters GraphicsThe nixed deal also complicates Bain Capital’s exit strategy from Kioxia. Yet Western Digital was set to be the majority partner in the proposed deal. The Nikkei business daily also said that Kioxia and Western Digital were unable to agree on conditions with top Kioxia shareholder Bain Capital. The news sent Western Digital shares down 9%.
Persons: Elliot, Bain, Nobuo Hayasaka, , Antony Currie, Thomas Shum Organizations: Reuters, Japan Inc, Western Digital, Elliot Investment Management, Reuters Graphics Reuters, Toshiba, SK Hynix, Western Digital’s, Development Bank of Japan, Sumitomo Mitsui Financial, , Western, South Korea's SK Hynix, U.S, Nikkei, Bain Capital, Thomson Locations: HYDERABAD, India, Japan, Tokyo
Indian Muslims Flunk the Israel Test
  + stars: | 2023-10-26 | by ( Sadanand Dhume | ) www.wsj.com   time to read: +1 min
But the fact it kicked in mere hours after Hamas’s civilian slaughter on Oct. 7—the assertion that somehow Israel drove Hamas to do it—deserves examination. Images: Zuma Press/AFP/Getty Images Composite: Mark KellyThe Hamas attacks in Israel this month presented the world with a stark test of moral clarity that the leaders of India’s 200 million Muslims appear intent on flunking. Their refusal to condemn the terrorist group’s savagery, or in some cases even to acknowledge it, is exceedingly foolish. It will fan fears of Islamic extremism among India’s Hindu majority and drive away the centrist allies Indian Muslims need to safeguard their rights. Indian Muslim political and intellectual elites have adopted a fanatically one-sided approach to Gaza that has fueled pro-Palestinian protests in Delhi, Pune, Mumbai, Bangalore, Aligarh and Hyderabad, among other Indian cities.
Persons: Israel, Mark Kelly, Tavleen Singh, , Organizations: Zuma Press, Getty, Hamas Locations: Israel, Gaza, Delhi, Pune, Mumbai, Bangalore, Aligarh, Hyderabad, India
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