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☆ Goldman Sachs just refreshed its conviction lists of global stocks, giving 3 over 20% upside
▼ + stars: | 2024-10-14 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Goldman Sachs has refreshed its lists of top global stock picks, adding some and removing others. There have also been plenty of additions to the Directors' Cut, including the following three stocks which Goldman also gives more than 20% upside potential over the next 12 months. Goldman has a 12-month target price of £52 ($68) on the stock, implying nearly 33% potential upside. The bank's analyst Andrew Baker likes that the company is "well positioned for central bank policy rate easing." Goldman has a target price of 7.80 Singapore dollars on the stock, implying 20.4% potential upside.

Persons: Goldman Sachs, Goldman, Experian, Suhasini, Assicurazioni Generali, Andrew Baker, Baker, Keppel, Xuan, Tan, — CNBC's Michael Bloom Organizations: Companies, Qantas Airways, Shell, London Stock Exchange, U.S, Milan Stock Exchange, Keppel, Singapore Exchange Locations: Asia, Europe, Danish, Suhasini Varanasi, Italy, Goldman's Asia, Singapore, U.S

By age 13, Neeraj Chopra weighed nearly 190 pounds, making him one of the biggest boys in his tiny farming village. By chance, he saw a javelin being thrown and noticed that, in flight, it seemed to shimmy like a fish through water. A decade after that improbable beginning, Chopra won the javelin competition at the Tokyo Olympics in 2021. It was the first gold medal ever won by India in track and field, considered the marquee sport of the Summer Games, and only the country’s second in an individual event in more than a century of Olympic competition. Chopra’s triumph inspired athletes across India, the world’s most populous nation.

Persons: Neeraj Chopra, Chopra Organizations: Tokyo, India, Summer, stoke, Games Locations: India

☆ A Family Loses 3 Generations of Women in India Crowd’s Panic
▼ + stars: | 2024-07-03 | by ( Suhasini Raj | Saumya Khandelwal | ) www.nytimes.com time to read: 1 min

Vinod Kumar was away from home on Tuesday, as he usually is for days at a time in search of masonry work, when he got the dreadful call. All the women in his family, three generations of them, were dead, crushed in a stampede. For the rest of the day, Mr. Kumar and his three sons went from hospital to hospital searching for their loved ones among the bodies of the 121 people who had died when a large gathering of a spiritual guru broke into deadly panic. “Why did you leave me just like that? Who will scold the children now and push them to go to school?” Mr. Kumar wailed at the feet of his wife.

Persons: Vinod Kumar, Kumar, Raj Kumari, Bhumi, Mr, Kumar wailed Locations: Hathras

When everything became about Prime Minister Narendra Modi of India, his party and its century-old Hindu-nationalist network were propelled to unimagined heights. On the back of his singular charisma and political skill, a onetime-fringe religious ideology was pulled to the center of Indian life. Landslide election victories remade India’s politics, once dominated by diverse coalitions representing a nation that had shaped its independence on secular principles. On Tuesday, Mr. Modi and his Bharatiya Janata Party, or B.J.P., fell back to earth. Mr. Modi will remain in office for a third term, but only with the help of a contentious coalition of parties, some of which are opposed to his core beliefs and want power of their own.

Persons: Narendra Modi, Modi Organizations: India, Bharatiya Janata Party Locations: inundating

☆ Goldman Sachs recommends a specific trading strategy, naming 2 global 'conviction list' stocks
▼ + stars: | 2024-06-03 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Goldman Sachs recommended that investors consider a specific strategy when trading European markets right now given the "scope for near-term volatility in equities." Here are two such stock ideas, which are also on the Wall Street bank's conviction list. Goldman gives the stock around 23.6% upside from a 12-month price target of 223 euros ($242.10). Bureau Veritas Another stock on Goldman's list is French company Bureau Veritas , known for its laboratory testing, inspection and certification services. Goldman gives the stock nearly 20% upside from a 12-month price target of 37 euros.

Persons: Goldman Sachs, Liquide Goldman, Georgina Fraser, Fraser, Goldman, Suhasini, — CNBC's Michael Bloom Organizations: Air Liquide, Euronext Paris Exchange, Veritas, Bureau Veritas, First Locations: Paris, Suhasini Varanasi

☆ Free Food? Modi Makes Sure Every Indian Knows Whom to Thank for It.
▼ + stars: | 2024-05-26 | by ( Suhasini Raj | Alex Travelli | ) www.nytimes.com time to read: 1 min

Durga Prasad, an 80-year-old farmer, was resting under the shade of a tree in front of his home when the party workers came. An app on their smartphones could tell them in an instant who Mr. Prasad was, whom he might vote for — and why he should be grateful to India’s prime minister, Narendra Modi. “You get installments of 2,000 rupees, right?” asked a local official from Mr. Modi’s Bharatiya Janata Party, or B.J.P. Mr. Prasad concurred. He receives $72 a year through a farmers’ welfare program started and branded by Mr. Modi.

Persons: Durga Prasad, Prasad, Narendra Modi, “, ”, Modi’s, Modi Organizations: Modi’s Bharatiya Janata Party, Mr

☆ How India Is Coping With Extreme Heat
▼ + stars: | 2024-05-21 | by ( Manuela Andreoni | ) www.nytimes.com time to read: +1 min

Since April, heat waves, most likely fueled by climate change, have reached dangerous levels across India and other Asian countries. This week, many Indian cities, including New Delhi, the capital, recorded temperatures above 115 degrees Fahrenheit. Local governments sent out heat alerts warning people to avoid staying outside and schools in several states were ordered to close. The grueling heat crisis, one of several in India over the last few years, made me wonder if the nation’s leaders had made climate change more central in their campaigns. Not really, my colleague Suhasini Raj, who covers India, told me.

Persons: Narendra Modi, Suhasini Raj, “ Organizations: Local, Bharatiya Janata Party Locations: India, New Delhi

☆ Canadian Arrests Highlight Alleged Gang Role in India’s Intelligence Operations
▼ + stars: | 2024-05-04 | by ( Mujib Mashal | Suhasini Raj | ) www.nytimes.com time to read: +1 min

Months after Prime Minister Justin Trudeau of Canada accused India’s government of plotting a murder on Canadian soil — plunging diplomatic relations between the two countries to their lowest level ever — the first arrests in the killing, which came on Friday, did little to demystify the basis of his claim. The police didn’t offer clues or present any evidence that India had orchestrated the killing of Hardeep Singh Nijjar, a Sikh nationalist leader who was gunned down at the temple he led in Surrey, British Columbia, in June. What they did say was that three Indian men had committed the killing and that an investigation into India’s role was ongoing. Before the arrests, Indian officials had maintained that Canada was trying to drag New Delhi into what it described as essentially a rivalry between gangs whose members were long wanted for crimes back in India. After the arrests, a report from the CBC, Canada’s public broadcasting corporation, based on anonymous sources, also said the suspects belonged to an Indian criminal gang.

Persons: Justin Trudeau, India’s, Hardeep Singh Nijjar Organizations: Canada, CBC Locations: India, Surrey, British Columbia, Canada, Delhi

☆ Modi Calls Muslims ‘Infiltrators’ Who Would Take India’s Wealth
▼ + stars: | 2024-04-22 | by ( Alex Travelli | Suhasini Raj | ) www.nytimes.com time to read: +1 min

Prime Minister Narendra Modi on Sunday called Muslims “infiltrators” who would take India’s wealth if his opponents gained power — unusually direct and divisive language from a leader who normally lets others do the dirtiest work of polarizing Hindus against Muslims. Mr. Modi, addressing voters in the state of Rajasthan, referred to a remark once made by Manmohan Singh, his predecessor from the opposition Indian National Congress Party. Mr. Singh, Mr. Modi claimed, had “said that Muslims have the first right to the wealth of the nation. This means they will distribute this wealth to those who have more children, to infiltrators.”Mr. Modi aimed his emotional appeal at women, addressing “my mothers and sisters” to say that his Congress opponents would take their gold and give it to Muslims. Implications like these — that Muslims have too many babies, that they are coming for Hindus’ wives and daughters, that their nationality as Indian is itself in doubt — are often made by representatives of Mr. Modi’s Bharatiya Janata Party, or B.J.P.

Persons: Narendra Modi, ”, Modi, Manmohan Singh, Singh, Mr, “, —, Modi’s Organizations: Sunday, Indian National Congress Party, Modi’s Bharatiya Janata Party Locations: Rajasthan

☆ How A.I. Tools Could Change India’s Elections
▼ + stars: | 2024-04-18 | by ( Suhasini Raj | ) www.nytimes.com time to read: 1 min

For a glimpse of where artificial intelligence is headed in election campaigns, look to India, the world’s largest democracy, as it starts heading to the polls on Friday. An A.I.-generated version of Prime Minister Narendra Modi that has been shared on WhatsApp shows the possibilities for hyperpersonalized outreach in a country with nearly a billion voters. In the video — a demo clip whose source is unclear — Mr. Modi’s avatar addresses a series of voters directly, by name.

Persons: Narendra Modi, Mr Locations: India

☆ In a Land of Lavish Weddings, This Prenuptial Party Takes the Cake
▼ + stars: | 2024-03-01 | by ( Suhasini Raj | ) www.nytimes.com time to read: +1 min

When a member of one of India’s wealthiest families gets married, big-name guests and showstopping pomp and circumstance are nothing unusual. But it’s not every day that the invitees include royalty, business titans, Bollywood luminaries and Rihanna, for three days of a pre-wedding spectacular, months ahead of the actual ceremony. Mr. Ambani, 28, the younger son of Mukesh Ambani, will welcome the guests at a sprawling venue in the western Indian state of Gujarat, along with his fiancée, Radhika Merchant. Merchant, 29, comes from a family that owns health care businesses and is trained in Indian classical dance. The couple started the festivities earlier this week with a community feast: hosting thousands of people from neighboring villages and serving them Gujarati delicacies.

Persons: it’s, Rihanna, Anant Ambani, Ambani, Mukesh Ambani, Radhika Merchant, Merchant Organizations: Reliance Industries Locations: India, Gujarat

☆ Pankaj Udhas, Bollywood Singer and Maestro of the Ghazal, Dies at 72
▼ + stars: | 2024-02-27 | by ( Suhasini Raj | John Yoon | ) www.nytimes.com time to read: 1 min

Pankaj Udhas, a singer from India whose soulful renditions of ghazals, or lyric love songs, were a cornerstone of many Bollywood films over his decades-long career, died in Mumbai on Monday. His death was announced on social media by his daughter Nayaab Udhas. Mr. Udhas moved generations of people in India and the Indian diaspora by singing ghazals, the lyric poems that have been written for centuries in Persian, Hindi, Urdu, Turkish and other languages. He also worked as a playback singer, the term for a vocalist who recorded tracks offscreen for actors to lip-sync over. Mr. Udhas became a stalwart in the Indian music industry through both his discography of more than 50 albums and the enormous success of the movies in which he sang.

Persons: Pankaj Udhas, Nayaab Udhas, Udhas Locations: India, Mumbai

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

☆ Burglars Hit Movie Director’s Home, Then Deliver a Cinematic Plot Twist
▼ + stars: | 2024-02-17 | by ( Suhasini Raj | Mujib Mashal | ) www.nytimes.com time to read: 1 min

When the thieves broke into the country home of a renowned film director in southern India, taking gold, silver and cash, they made a clean getaway. But days later, a small plastic bag appeared outside the house’s gates, stitched shut with thin sticks and containing something wrapped in a white handkerchief. Inside was a medal for a prestigious national award that the director, M. Manikandan, had won in 2021 for one of his films. With it was a brief note handwritten in Tamil, a regional language. “Sir, please forgive us,” the note read.

Persons: Manikandan Locations: India

☆ 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

In 1947, two men, both named Kundan, fled Peshawar during the bloody partition that carved Pakistan out of British India. They landed in Delhi and soon became partners in a restaurant called Moti Mahal serving food from the Punjab region. Where they diverge is on the question of which of the men should go down in culinary history. The two families both say that it was their own Kundan who invented butter chicken — the creamy, heavenly marriage of tandoori chicken and tomato gravy beloved everywhere north Indian food is served. And one of them has gone to court to try to prove it.

Organizations: Moti Locations: Peshawar, Pakistan, British India, Delhi, Punjab

☆ Cleaning Latrines by Hand: ‘How Could Any Human Do That?’
▼ + stars: | 2024-02-02 | by ( Suhasini Raj | ) www.nytimes.com time to read: +1 min

When he came to fully realize exactly what his parents and older brother did for a living, and what it likely meant for his own future, Bezwada Wilson says he was so angry he contemplated suicide. His family members, and his broader community, were manual scavengers, tasked with cleaning by hand human excrement from dry latrines at a government-run gold mine in southern India. “In my growing up years, I was made to feel different from the rest in school. I was not allowed to laugh at jokes, and caste slurs were thrown at me,” Mr. Bezwada said in an interview on a recent evening in Delhi. “All I wanted to know then was why was my community different, and how could I make them equal to the others?”

Persons: Bezwada Wilson, Bezwada, ” Mr, ” Locations: India, Delhi

As the trapped workers came out of the under-construction road tunnel after 17 days, the happy end to a rescue effort that had riveted India set off celebrations across the country. Gone for the moment were questions about why the 41 men had been put at risk of being entombed in the tunnel in the first place. Cameras focused on local representatives of India’s governing party, who credited the leadership of Prime Minister Narendra Modi. While activists and environmentalists also watched with relief, the scenes carried another, very different meaning for them. They had long warned, in futile court cases and failed tribunal hearings, that the $1.5 billion road-widening project was dangerously destabilizing the already fragile Himalayan landscape.

Persons: Narendra Modi, “ Modi, Modi Locations: India

☆ After 16 Days, Rescue Near for Workers Stuck in Tunnel, Officials Say
▼ + stars: | 2023-11-28 | by ( Mujib Mashal | Suhasini Raj | ) www.nytimes.com time to read: +1 min

After a 16-day effort to free dozens of Indian construction workers trapped inside a Himalayan road tunnel, rescuers were finally preparing to pull the men out on Tuesday as diggers labored to clear a final stretch of debris by hand, the authorities said. The rescue operation had hit repeated roadblocks, with officials ultimately trying multiple ways to reach the 41 stranded men. But a breakthrough came on Tuesday afternoon, as trained miners using hand tools made rapid progress after picking up at the point where a drilling machine had failed. “The work of putting in the pipe to rescue the workers has been completed,” Pushkar Singh Dhami, the chief minister of the northern state of Uttarakhand, the site of the tunnel, said in a brief statement on social media. “Soon, all the worker brothers will be taken out.”Syed Ata Hasnain, a member of India’s National Disaster Management Authority, gave a less definitive assessment and said that about two meters, or six feet, of drilling remained.

Persons: Pushkar Singh, ” Syed Ata Hasnain Organizations: Disaster Management Authority Locations: Uttarakhand

☆ Trapped in a Tunnel for 15 Days, With No End in Sight
▼ + stars: | 2023-11-27 | by ( Suhasini Raj | More About Suhasini Raj | ) www.nytimes.com time to read: +1 min

Over the two weeks that dozens of Indian construction workers have been trapped in a Himalayan road tunnel, the authorities have reported meter-by-meter progress toward reaching them and offered hopeful timelines for their rescue. Yet 15 days after disaster struck, the 41 men are still stuck. And now, as Indian officials try a new tack — drilling down through the top of a mountain — they acknowledge that the effort will take several days, if it works at all. “We feel a looming sense of doom,” said Jyotish Basumatary, whose brother, Sanjay Basumatary, is trapped inside. If it rains, “the workers’ hands would freeze,” he said by phone.

Persons: ”, Jyotish Basumatary, Sanjay Basumatary, ” Jyotish

Each notification sounded its own little alarm, but was amplified many times over when the targets identified themselves publicly. The warning on their phones, sent by Apple on Monday, seemed stark: “State-sponsored attackers may be targeting your iPhone,” it said in part. This week’s episode seemed to fit into that pattern for his critics and many who got the warning from Apple. Rahul Gandhi, the foremost opposition leader, said many of his confidants in the Congress Party received the notification. Mr. Gandhi added that he takes illegal surveillance by the government for granted.

Persons: Narendra Modi, Apple’s, Modi’s, Modi, Rahul Gandhi, Gandhi, “ Organizations: Bharatiya Janata Party, Apple, Party Locations: India

Purbasha Roy held her 9-year-old daughter’s hand and pointed toward the towering art installation: blooming pink buds symbolizing embryos, menstrual cups shaped to form a bouquet, fallopian tubes descending from corners of the ceiling. The work, part of a makeshift pavilion to worship the Hindu goddess Durga, was designed to break taboos in India about menstruation. And it had a clear target: A half-man, half-bull demon at Durga’s feet, an organizer explained to Ms. Roy and others, represented the “moral police” — India’s patriarchal society. The pavilion was one of hundreds, many politically pointed, that dotted Kolkata during a five-day festival called the Durga Puja, an event that brings this muggy, sleepy city alive each year as if jolted by a high-voltage current. Part Mardi Gras, part Christmas, the festival, which ended on Tuesday, is the most important religious celebration for Hindus in this part of eastern India.

Persons: Purbasha Roy, Durga, Roy, ” Locations: India, Kolkata

☆ Why is India's Modi so worried about Sikh separatist calls for Khalistan?
▼ + stars: | 2023-10-06 | by ( Rhea Mogul | ) edition.cnn.com time to read: +11 min

Amplified calls for the creation of Khalistan date back to when India gained its independence in 1947. At the same time, some Sikh supporters of Khalistan have made comments perceived as anti-national and threatening toward India and its government. And in counterinsurgency operations, Indian security forces were accused of a multitude of human rights abuses. The first photos of the damaged Akal Takhat after the army stormed the sikh Golden Temple complex in Amritsar on June 9, 1984. “The larger [Sikh] community is standing by the statements from Trudeau and they want action upon this,” said Jasveer Singh, a British Sikh and senior press officer with the Sikh Press Association.

Persons: Justin Trudeau’s, Hardeep Singh Nijjar, “, Nijjar’s, –, Andre Durand, Guru Nanak, hasn’t, ”, Amandeep Sandhu, Amritpal Singh, India’s, Singh, Stringer, Modi, Suhasini Haidar, Sondeep Shankar, Indira Gandhi, Gandhi, Harsh Pant, Cole Burston, Pant, Nijjar, Justin Trudeau, Blair Gable, Trudeau, Jasveer Singh Organizations: CNN, Air India, Sikh, Canadian, Air, Air India Boeing, Getty, India, British, Keystone, Pew Research Center, Panjab, Bharatiya Janata Party, BJP, Police, Khalistan, Observer Research Foundation, Protesters, Reuters, Sikh Press Association Locations: Montreal, New Delhi, Ireland, Indian, Punjab, Canada, Hardeep, India, Air India, Cork, AFP, Pakistan, Amritsar, British India, Ottawa, “ India, United States, United Kingdom, Australia, Toronto, British

☆ Uncertainty ‘Is Killing Us’: Sikhs in India Are in Limbo Amid Canada Dispute
▼ + stars: | 2023-09-24 | by ( Suhasini Raj | More About Suhasini Raj | ) www.nytimes.com time to read: +1 min

Now Mr. Singh is simply afraid to go, suspecting that flights might be canceled in coming weeks, leaving him helpless in Canada. “It hurts, this cold war, and there is an uncertainty now which is killing us,” Mr. Singh, a farmer who had hoped to explore business opportunities with extended family in Canada, said dejectedly. Each of their sentences, each word of our leaders, is affecting the lives of each one of us. Known as India’s breadbasket, Punjab is a majority-Sikh state where the average income is about $2,080 a year. It has a special relationship with Canada and a special place in the hearts of Sikhs like Mr. Singh.

Persons: Singh, ” Mr, breadbasket Organizations: Boeing Locations: Canada, Punjab

The allegation was a bombshell: that India had been involved in the killing of a Canadian citizen on Canadian soil in June. Canada’s prime minister leveled the charge on Monday, and an all-out diplomatic war soon followed. Canada pressed its allies to come together to challenge India, with statements of concern issued in Washington and Canberra, Australia. India moved to expel a top Canadian diplomat in a tit-for-tat move, and Indian officials lined up to air grievances with Canada. But behind the plunge in relations to what officials and analysts called the lowest point ever were years of diplomatic tension.

Persons: Canada’s, Canada — Organizations: Canadian Locations: India, Canada, Washington, Canberra, Australia, Canadian, Britain, United States, Punjab

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