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☆ On the Hands of India’s Brides, Reminders of a Stark Wealth Divide
▼ + stars: | 2024-07-13 | by ( Pragati K.B. | ) www.nytimes.com time to read: +1 min

The ceremony was on the grounds of the exclusive Bangalore Club, an oasis in one of India’s largest cities. The bride-to-be, Sreya Muthukumar, was ensconced on the terrace, wreathed in smiles, greeting and chatting with her guests. For seven hours last Thursday, the artists drew freehand, etching patterns, motifs and mandalas on Ms. Muthukumar’s limbs. “After all those hours, when, in the end, the bride looks at her hands and says ‘I love it,’ that’s the high point for me,” said Sunitha Parihar, who adorned Ms. Muthukumar’s arms. “We mehndi artists are so important to make the bride look and feel beautiful on her big day.”

Persons: Sreya Muthukumar, ‘, ’, ”, Sunitha Parihar Organizations: Club

☆ Train Crash in India Leaves at Least 8 Dead and Dozens Injured
▼ + stars: | 2024-06-17 | by ( Pragati K.B. | More About Pragati K.B. | ) www.nytimes.com time to read: +1 min

A freight train collided with a passenger train in eastern India on Monday, killing at least eight people and injuring 50 others, officials said. Four coaches of the popular and often-crowded passenger train derailed when it was rammed from behind by the commercial train. Images from the accident site showed one of the passenger coaches lifted off the railway track and balancing on a coach of the freight train. The driver and the assistant driver of the freight train and a guard on the passenger train were among those killed. Jaya Varma Sinha, the chairperson of India’s railway board, said rescue operations were completed.

Persons: Jaya Varma Sinha, Ashwini Locations: India, West Bengal, Tripura, Local, India’s

☆ The New Kingmakers Who Could Make or Break Modi’s Government
▼ + stars: | 2024-06-05 | by ( Victoria Kim | Pragati K.B. | ) www.nytimes.com time to read: +1 min

After his first two national election victories, Prime Minister Narendra Modi of India easily set his own terms, with his Bharatiya Janata Party winning clear majorities. It was still a victory, but one that left him dependent on a host of coalition partners — particularly on politicians from two regional parties who could make or break Mr. Modi’s ability to form a government. Of the more than a dozen parties that make up the B.J.P.’s coalition, known as the National Democratic Alliance, most won just one or two seats, leaving the party in a difficult predicament. said it had reached an agreement to form a coalition government that includes those two regional parties — the Telugu Desam Party and Janata Dal-United. They will be the biggest junior partners, but they are also avowedly secular and removed from Mr. Modi’s Hindu-nationalist ideology.

Persons: Narendra Modi, — Organizations: Bharatiya Janata Party, National Democratic Alliance, Telugu Desam Party, Janata Dal - United Locations: India, Modi’s

☆ Is Modi Worried? India’s Long-Deflated Opposition Finds Some Momentum.
▼ + stars: | 2024-05-23 | by ( Mujib Mashal | Pragati K.B. | ) www.nytimes.com time to read: 1 min

Prime Minister Narendra Modi entered India’s general election projecting supreme confidence. “Ab ki baar, 400 paar” went his party’s slogan, meaning this time his side aimed to surpass 400 seats in the lower house of Parliament, a staggering majority. But as the seven-week voting period enters its final stretch, with results expected on June 4, India is witnessing something unusual from its powerful leader. As Mr. Modi crisscrosses the country for rallies in 100-degree heat, he has often appeared on the defensive, and sometimes rattled. He has resorted to stoking anti-Muslim sentiments to fend off attempts to split his Hindu support base, only to deny his own words later.

Persons: Narendra Modi, paar ”, Modi, — Locations: India

☆ India's Tibetan refugees demand discussion on Tibet during G20 summit
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

[1/6] Members of the Tibetan community show hands painted with the words "Free Tibet" at their refugee colony in Majnu ka Tilla ahead of the G20 summit in New Delhi, India, September 8, 2023. Global leaders have started descending upon India's national capital for the summit, including U.S. President Joe Biden, British Prime Minister Rishi Sunak, and Italian Prime Minister Giorgia Meloni. China President Xi Jinping will not be attending the gathering and will instead be represented by Prime Minister Li Qiang. "We place a demand before our Prime Minister Narendra Modi and other global leaders to discuss Tibet during the G20 summit," he said. China sent troops into Tibet in 1950, terming the act a "peaceful liberation", and has ruled the remote, mountainous country ever since.

Persons: Anushree, Joe Biden, Rishi Sunak, Giorgia Meloni, Xi Jinping, Li Qiang, Dhundup, Narendra Modi, Sakshi Dayal, Kim Coghill Organizations: REUTERS, Global, British, Italian, Tibetan Youth Congress, Reuters, Thomson Locations: New Delhi, India, DELHI, China, Tibet, Beijing, Pragati Maidan

New Delhi CNN —The bulldozers and government officials arrived just before dawn, tearing down the row of shanties as its bewildered residents watched inconsolably nearby. CNN has reached out to the New Delhi and federal governments but is yet to receive a response. Rhea Mogul/CNN“I can’t explain how distraught everyone was as they bulldozed the homes,” Savita said. The demolitions are being done with extreme cruelty.”Savita helps her children with homework at a temporary home in Delhi. Modi sees India as a confident and modern superpower, a voice for the voiceless seizing the 21st century.

Persons: ”, Joe Biden, France’s Emmanuel Macron, Rishi Sunak, Rhea Mogul, Narendra Modi, Harsh Mander, Jayanti Devi, Savita, ” Savita, “, ” Mander, Modi, ” Modi, …, ’, ” Devi Organizations: New, New Delhi CNN, ”, British, CNN, Policy Research, Survey, India, ASI, CNN Homeless, Workers, Indian National Congress, Commonwealth Games, Global, “ Locations: New Delhi, “, Devi, Pragati, Rhea, India, Delhi, Mander, Ukraine, United States

A G20 logo is pictured in front of the main venue of the summit in New Delhi, India, August 24, 2023. The heads of the United Nations, International Monetary Fund, World Bank, World Trade Organisation and World Health Organisation will also be present. DEFENCE IN THE SKIESThe city will be guarded by nearly 130,000 security personnel, including the 80,000-strong Delhi Police, officials said. Modi inaugurated a $300 million venue in the capital in July to host the summit meeting - a conch shell-shaped building that can seat more than 3,000. The government has also leased 20 bullet-proof limousines at a cost of 180 million Indian rupees ($2.18 million) for ferrying leaders.

Persons: Adnan Abidi, Narendra Modi, Joe Biden, Rishi Sunak, Saudi Arabia's Mohammed Bin Salman, Xi Jinping, Vladimir Putin, Sergei Lavrov, Dependra Pathak, Pathak, Ranvir Singh, Biden, Modi, Rupam Jain, Raju Gopalakrishnan Organizations: REUTERS, NEW, India, British, Foreign, United Nations, International Monetary Fund, World Bank, World Trade Organisation, World Health, Delhi Police, Border Security Force, Indian Air Force, Reuters, Thomson Locations: New Delhi, India, Delhi, NEW DELHI, U.S, Saudi, Beijing, Japan, Australia, France, Germany, Ukraine, Pragati, Gurugram, New, Arunachal Pradesh, Srinagar, Kashmir

☆ India's Jio launches Netflix subscription on prepaid plans
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

[1/2] A man walks across the LED board showing the logo of Jio at the ongoing India Mobile Congress 2022, at Pragati Maidan, in New Delhi, India, October 3, 2022. REUTERS/Anushree Fadnavis/File Photo Acquire Licensing RightsAug 18 (Reuters) - Reliance Jio Infocomm, the telecom arm of Indian billionaire Mukesh Ambani's Reliance Industries (RELI.NS), said on Friday it has launched a Netflix subscription on prepaid plans. Jio said that around 400 million prepaid customers will get the option of availing a Netflix subscription through two packages, one priced at 1,099 rupees ($13.23), which will give access to Netflix on mobile platforms, and the other for 1,499 rupees, providing access to a basic package for large screens. Jio's peers, Bharti Airtel (BRTI.NS) and Vodafone Idea (VODA.NS), provide subscription to the Disney+ Hotstar streaming service through prepaid bundled plans. ($1 = 83.0797 Indian rupees)Reporting by Ashna Teresa Britto; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Anushree, Mukesh, Jio, Tony Zameczkowski, Ashna Teresa Britto, Sonia Cheema Organizations: Mobile, REUTERS, Reliance Industries, Netflix, Bharti Airtel, Vodafone, Disney, Jio, Thomson Locations: Pragati, New Delhi, India

☆ India's Jio Financial Services, BlackRock to launch asset management venture
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Anushree Fadnavis/File PhotoMUMBAI, July 26 (Reuters) - India's Jio Financial Services (JIOF.NS), part of billionaire Mukesh Ambani led Reliance Group, and U.S.-based BlackRock Inc (BLK.N) will form a 50:50 joint venture to launch asset management services in India. The two companies are targeting an initial investment of $150 million each in the joint venture, Jio Financial said in a statement on Wednesday. The announcement comes days after Jio Financial Services was demerged from Reliance Industries, with the markets ascribing a valuation of nearly $20 billion to the venture which is yet to build out a business in India's fast growing financial services sector. India's asset management industry has seen rapid growth in recent years and has 44.3 trillion Indian rupees ($540.4 billion) in assets under management. The joint venture will launch a "digital-first" offering following regulatory approvals, said the statement, without giving a timeline within which it plans to begin operations.

Persons: Anushree, Mukesh Ambani, Hitesh Sethia, Larry Fink, AngelOne, Ira Dugal, Kirsten Donovan, David Evans Organizations: Mobile, REUTERS, Financial, Reliance Group, BlackRock Inc, Jio, Jio Financial, Reliance Industries, Group, BlackRock, Jio Financial Services, Thomson Locations: Pragati, New Delhi, India, MUMBAI, U.S

REUTERS/Anushree Fadnavis/File PhotoBENGALURU, July 20 (Reuters) - Jio Financial Services (JFS) has been valued at around $20 billion after its stock price was set at a much higher-than-expected 261.85 rupees ($3.19) in its demerger from Indian billionaire Mukesh Ambani's Reliance Industries (RELI.NS). At a $20 billion valuation, Jio Financial would be one of the top 40 Indian companies by market capitalisation, in a list headed by Reliance at $233 billion. The price was determined as 261.85 rupees, or the difference between 2,841.85 rupees, Reliance's closing price on Wednesday, and 2,580 rupees, its price at the end of the special session. JFS's stock price is higher than analysts' estimate of 160 rupees to 190 rupees. Reliance Strategic Investments, the unit to be renamed JFS, late on Wednesday reported a net profit after tax of 1.45 billion rupees ($17.7 million) for April-June based on revenue of 2.15 billion rupees.

Persons: Anushree, Mukesh, Chokkalingam, JFS, Ira Dugal, Savio Shetty, Savio D'Souza, Jamie Freed Organizations: Mobile, REUTERS, Jio Financial, Reliance Industries, Reliance, Macquarie Research, AAA, Reliance Strategic Investments, Thomson Locations: Pragati, New Delhi, India, BENGALURU

REUTERS/Anushree Fadnavis/File PhotoSummarySummary Companies Reliance's JioCinema to lock horns with Netflix, DisneyWarner deal to boost English content, local content in focus tooExecutives say Warner deal will boost Reliance streaming plansJioCinema content quality key to beat rivals, analyst saysMUMBAI, April 28 (Reuters) - The video streaming business of Mukesh Ambani, Asia's richest person, is likely to focus on pricing and local content following a deal with Warner Bros as it seeks to challenge the likes of Disney and Netflix, industry sources said. While Netflix and other rivals boast of content specially created for the India audience, JioCinema's current free offerings largely include old Hindi and local language movies. The big challenge is lack of fresh local and global content on JioCinema, something that will be become even more critical as the IPL season ends next month. They have also diversified into regional local language content. The only way to scale up is to really differentiate your content and make sure execution is right," he said.

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