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Varanasi and New Delhi CNN —Indian Prime Minister Narendra Modi once famously made a simple election promise: “good days are coming”. India's Prime Minister Narendra Modi addresses his supporters during an election campaign rally in Pushkar on April 6, 2024. India's Prime Minister Narendra Modi speaking during a rally in Sydney, Australia, on May 23, 2023. Kalpit Bhachech/Getty Images Narendra Modi, then BJP secretary is welcomed at Ahmedabad Railway Station by the party's followers on January 31, 1992. Brent Lewin/Bloomberg/Getty Images India's Prime Minister Narendra Modi addresses Congress at the US Capitol in Washington, DC, on June 22, 2023.
Persons: Narendra Modi, Modi, Himanshu Sharma, Getty Images Modi, , , Saba Naqvi, , Vajpayee, Naqvi, Dileep Patel, John Mees, Akash Jaiswal, “ We’ve, ” Jaiswal, isn’t, Matthew Abbott, Hiraben, Damodardas, Dipam Bhachech, Lal Krishna Advani, Subhas Chandra Bose, Kalpit Bhachech, Kalpit, Negi Yasbant, Amit Dave, Ajit Solanki, Kevin Frayer, Saurabh Das, AP Modi, Manish Swarup, Lucas Jackson, Barack Obama, Adrien Helou, Reuters Modi, Adnan Abidi, Stringer, Mark Zuckerberg, David Paul Morris, Marco Longari, Angela Merkel, Tobias Schwarz, Emmanuel Macron, Charles Platiau, Saudi Arabia's Crown Prince Mohammed bin Salman, India's, Jair Bolsonaro, Vladimir Putin, Xi Jinping, Amit Shah, Money Sharma, Boris Johnson, Phil Noble, Anthony Albanese, Brent Lewin, Pedro Ugarte, Joe Biden, Doug Mills, Paul Mashatile, Jacoline, Imtiyaz Khan, Amr Alfiky, Patel, India’s, Jawaharlal Nehru, Indira Gandhi, Rajiv, Rahul Gandhi, Nilanjan Mukhopadhyay, “ Narendra Modi, ” Mukhopadhyay, Mukhopadhyay, ” Modi, Keshav Baliram, “ Modi, BJP Modi, Lord Ram, ” Naqvi, Critics, Christophe Jaffrelot, Karan Thapar, ” Jaffrelot, Modi’s, it’s, , Raj, India Narendra Modi, Kenny Hoston, Ram, ” Raniva, That’s Organizations: New Delhi CNN, Indian, Bharatiya Janata Party, BJP, India's, Getty Images, Pew, CNN, World Health Organization, New York Times, Rashtriya Swayamsevak Sangh, Getty, Modi, Hospital, Narendra, India Today, Indian National Congress, AP, Madison, Garden, Reuters, Washington , D.C, French National Space Agency, of Yoga, Meta, Facebook, Bloomberg, European, Saudi Arabia's Crown, Rashtrapati Bhavan, Kyodo, British, Summit, Qudos Bank, White, Anadolu Agency, Anadolu, United, United Arab Emirates, Cambridge, today’s Congress Party, Harvard, The Times, Muslim, Australia Locations: Varanasi, New Delhi, Gujarat, Pushkar, India, “ India, United States, Brazil, , Sydney, Australia, Ahmedabad, Ahmadabad, Washington, Washington ,, Toulouse, France, Xian, AFP, Menlo Park , California, U.S, Pretoria, South Africa, China, Berlin, Paris, Rashtrapati, Russian, Brasilia, Glasgow, Red, Ayodhya, Uttar Pradesh, Abu Dhabi, United Arab, Oxford, Vadnagar, Babri, Kadi, Kashmir, United Kingdom, Russia, Ukraine, Israel, Ghaziabad, Meerut, Jama
CNN —“Monkey Man,” Dev Patel’s directorial debut action thriller that he also stars in, wrote and produced, opens with a tale familiar to Hindus around the world. This mythology is the foundation of “Monkey Man,” which hit theaters on April 5. In "Monkey Man," Kid plots revenge on the corrupt forces that raided his forest village and killed his mother. Dev Patel directed, wrote, produced and starred in the action thriller "Monkey Man," which is inspired by the Hindu legend of Hanuman. “Monkey Man,” then, is a warning about what can happen when people are oppressed and disempowered for too long.
Persons: ” Dev Patel’s, Hanuman, Patel himself, , Patel, ” Patel, Kid, ’ ”, Rana Singh, Sikandar Kher, Baba Shakti, Makarand Deshpande, Rana, Sita, Sobhita, Rama, Ravana, Lord Rama, Sailaja Krishnamurti, ‘ What’s, ” Krishnamurti, , Thrisha Mohan, Narendra Modi, Lord Ram, Imtiyaz Khan, ” Mohan, Baba Shakti —, , Krishnamurti, Mohan, Modi, it’s, wasn’t, Siddhant Adlakha, ” Adlakha, It’s, Amitabh Bachhan, Bruce Lee, Jackie Chan, Keanu Reeves, Hollywood’s, Hollywood’s “ John Wick ”, India’s underclasses, “ He’s, Dev Patel, Monica Schipper, hijras, Kid bungles, he’s, Baba, Shiva, Parvati, Bedatri D, Choudhury Organizations: CNN, SXSW, Universal Pictures, Queen’s University, Human Rights, Indian, Anadolu, Getty, Modi’s Bharatiya Janata Party, BJP, TIME, Alpha, Philadelphia Inquirer Locations: Yatana, India, Ayodhya, Hong Kong, Hollywood’s “, Kid’s
Narendra Modi once looked up to China. As a business-friendly Indian state leader, he traveled there repeatedly to attract investment and see how his country could learn from its neighbor’s economic transformation. China, he said, has a “special place in my heart.” Chinese officials cheered on his march to national power as that of “a political star.”But not long after Mr. Modi became prime minister in 2014, China made clear that the relationship would not be so easy. Continued border incursions flared into a ferocious clash in 2020 that threatened to lead to all-out war. Mr. Modi, a strongman who controls every lever of power in India and has expanded its relations with many other countries, appears uncharacteristically powerless in the face of the rupture with China.
Persons: Narendra Modi, Modi, Xi Jinping — Locations: China, India
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 former Amazon CEO joined over 200 other guests at a White House state dinner on Wednesday. President Joe Biden hosted the dinner in honor of the Prime Minister of Japan, Fumio Kishida. Other guests in attendance included Apple CEO Tim Cook and JP Morgan's Jamie Dimon. AdvertisementJeff Bezos, founder and former CEO of Amazon, and his fiancée Lauren Sanchez, a former news anchor and philanthropist, joined 200 other guests at a White House state dinner on Wednesday. Jill Biden had the State Floor of the White House transformed into what she dubbed a "vibrant spring garden" for the event.
Persons: Joe Biden, Fumio Kishida, Tim Cook, Morgan's Jamie Dimon, , Jeff Bezos, Lauren Sanchez, Fumio, Jamie Dimon, Larry Fink, Bill Clinton, Hillary Clinton, Robert DeNiro, Masayoshi Son, Ken Kobayashi, Bezos, MacKenzie Scott, Jill Biden, India Narendra Modi, Sam Altman, Sundar Pichai Organizations: Amazon, House, Japan, Apple, Service, BlackRock, Mitsubishi, The Washington Post, White, Google Locations: India
Apple produced $14 billion worth of iPhones in India over the last fiscal year, a sign of the company's continued effort to manufacture more devices outside of China, a report from Bloomberg said Wednesday. As relations between the U.S. and China have soured, Apple has worked to diversify its supply chain by expanding production in countries like Vietnam and India. Apple now makes around 1 in 7, or 14%, of its iPhones in India, twice the amount it produced there last year, the report said. In June 2023, Apple CEO Tim Cook and other tech executives met with India's prime minister, Narendra Modi, at the White House. A Counterpoint Research report from March found that iPhone sales in China dropped 24% in the first six weeks of 2024.
Persons: Tim Cook, Donald Trump, Pegatron, Foxconn, Wistron, Narendra Modi, Cook Organizations: Apple, American Workforce Policy, White, Washington , D.C, Bloomberg, U.S, CNBC, Huawei Locations: Washington ,, iPhones, India, China, Vietnam
Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement on plans to invest and open a new factory in the country, two sources with direct knowledge said. Reuters is first to report details of Musk's planned India visit. Reuters has previously reported that Tesla officials are expected to visit India this month to look at sites for a manufacturing plant that would require an investment of about $2 billion. Musk said this week on X that "India should have electric cars like every other country has electric cars. It's a natural progression to provide Tesla electric vehicles in India".
Persons: Tesla, Elon Musk, Narendra Modi, Modi, Musk's, Musk, EVs Organizations: Reuters, Tata Motors Locations: India, New Delhi, New York, U.S
How India is challenging China as Asia's tech powerhouse
  + stars: | 2024-04-05 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +30 min
New Delhi has sought to woo foreign tech companies and has been increasingly successful, with giants like Apple increasing their presence in the country. Tom Chitty: For years China has been Asia's tech powerhouse where the world's electronics and some of the biggest companies on the planet are located. And I think India is in the very early stages, to put it quite bluntly, of trying to do that. Tom Chitty: India have got an election this year as well, which is going to be interesting to see what happens there. You know, India has aligned itself slightly more to the countries that are currently a bit more anti-China, shall we say?
Persons: Tom Chitty, Arjun Kharpal, It's, Let's, I'm, Arjun, You'll, We're, we've, what's, gunning, Narendra Modi, it's, Tom, Modi, Trump, Apple, COVID, there's, Taiwan's, that's, Karen Tso, China's, Tim Cook, Raghuram Rajan, We've, feasibly, India's, let's, he's, you've, we'll, I've, We'll Organizations: Apple, CNBC, China, India's, Foxconn, Micron, Tata Electronics, Taiwan's Powerchip Semiconductor Manufacturing Corp, Reserve Bank of India, CCP, Samsung, Bain, India, London Locations: China, Tencent, Asia, India, Delhi, Washington, Beijing, American, COVID, U.S, Brazil, Vietnam, Indonesia, Thailand, Taiwan, South Korea, Bangalore, Goa, Kolkata, Mumbai, Europe, Silicon, New York, Germany
An electric vehicle of the model Y is pictured during the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. The plant could be worth $2 billion to $3 billion, FT reported on Wednesday, citing two people with knowledge about the plans. The EV maker will focus on the states of Maharashtra, Gujarat and Tamil Nadu that already have automotive hubs, according to the report. India last month lowered import tariffs on certain EVs for automakers willing to invest at least $500 million and start domestic manufacturing in the country within three years. Modi met Tesla CEO Elon Musk in June and invited him to explore investment opportunities in India for electric vehicles.
Persons: Tesla, Patrick Pleul, PATRICK PLEUL, Narendra Modi's, Modi, Elon Musk Organizations: Getty, Financial Times Locations: Gruenheide, Berlin, Germany, India, Maharashtra, Gujarat, Tamil Nadu
The Biden administration has encouraged American companies to move electronics and technology manufacturing operations out of China and into friendlier countries, particularly Vietnam and India in Asia-Pacific. Vietnam's head startIndia and Vietnam are attractive manufacturing alternatives for foreign investors and companies, due in part to low labor costs. Import taxes remain highOne hurdle for India's manufacturing hub ambitions is the country's 10% import duty for information and communication technologies. India's import taxes were intended to protect domestic manufacturers, but lowering those duties will be part of the government's efforts to attract foreign firms to manufacture goods within the country. For example, India in January lowered import taxes for certain metal and plastic parts used in manufacturing mobile phones from 15% to 10%.
Persons: Biden, Mukesh Aghi, Samir Kapadia, Narendra Modi's, Aghi, Nari Viswanathan, Viswanathan, Tim Cook, Narendra Modi, Andy Ho, Modi, Kapadia, Pankaj Mahindroo, VinaCapital's Ho, Ho Organizations: Hindustan Times, Getty, Republicans, U.S ., India Strategic Partnership, India Index, Vogel Group, U.S, White House, Washington, Financial Times, Apple, Indian, Google, Dixon Technologies, Samsung, Motorola, India Cellular and Electronics Association, CNBC, corporates Locations: Noida, India, Asia, China, Vietnam, The U.S, U.S, United States, Singapore
As Narendra Modi was storming to victory in the election of 2014, he said that “acchhe din aane waale hain” — good times are coming. Now as Mr. Modi stands set to secure another term as prime minister in elections starting on April 19, the value of India’s stock market has grown threefold since he first took office. India’s economy is almost twice as big as it was. But the economic gains have been widely unequal. The bulk of India’s growth depends on those at the top of the income ladder, including a coterie of huge and tightly controlled businesses.
Persons: Narendra Modi, waale, Modi
Narendra Modi has big money behind him as he appears set to win a third term as India’s prime minister. His party has collected more political cash than the others combined, and the country’s richest business leaders support him. The campaign is fueled partly by a winning story Mr. Modi tells about India’s economy, some of which can be traced to changes made during his decade in office. Here are five factors that are essential to understanding India’s economy. But its economy has developed an undeniable momentum in the past three decades and is now worth $3.7 trillion.
Persons: Narendra Modi, Modi Locations: India
For decades, Pakistan’s military has been the country’s most vital institution. Although it frequently intervened to oust elected governments, many Pakistanis saw this as salvation from the country’s blundering politicians. The army, it was thought, was the only force capable of holding the country together. The military has suffered a catastrophic loss of prestige after the populist former prime minister Imran Khan directly challenged its influence. This month, Pakistani military posts were hit by separate militant attacks in the country’s south and along the border with Afghanistan.
Persons: Imran Khan, Khan, , Syed Asim Munir, Khan’s, Munir, Narendra Modi Organizations: archrival India, Pakistani Locations: Pakistan, China, Russia, Washington, Afghanistan, Iran, Iranian
New Delhi CNN —India’s Ministry of External Affairs summoned a US State Department official after the department called for a fair legal process for opposition leader and Delhi chief minister Arvind Kejriwal following his arrest last week. “We take strong objection to the remarks of the Spokesperson of the US State Department about certain legal proceedings in India,” the Ministry said in a statement Wednesday. The Ministry of External Affairs on Wednesday summoned Gloria Berbena, the State Department Minister-Counselor for Public Diplomacy, according to a diplomatic officer with knowledge of the matter. At a briefing later on Wednesday, State Department spokesperson Matthew Miller declined to discuss “private diplomatic conversations” when asked about Berbena’s summoning, but stood by the department’s previous comments. India’s main opposition, the Indian National Congress, has also accused the BJP of using the tax department to “cripple” their finances.
Persons: Arvind Kejriwal, Gloria Berbena, Matthew Miller, ” Miller, Kejriwal, Modi, Narendra Modi’s, Kejriwal’s, Organizations: New, New Delhi CNN — India’s, External Affairs, US State Department, Affairs, State Department, Public Diplomacy, State, Aam Aadmi Party, Indian National Congress, Human Rights, Amnesty, India Locations: New Delhi, Delhi, India
New Delhi CNN —A court in India’s most populous state has effectively banned Islamic schools by striking down on a law governing madrasas, weeks before a nationwide election that could further polarize the world’s largest democracy along religious lines. The Allahabad High Court in Uttar Pradesh on Friday declared the Madrasa Act of 2004 to be unconstitutional, according to a court order seen by CNN, while ordering the state government to move students enrolled in the Islamic system into mainstream schools. While the Allahabad High Court order cited India’s constitutional separation of religion and state in its reasoning for ruling against madrasas, it is Modi who has been frequently accused by critics of dismantling India’s secular traditions. Many Muslims and critics of the BJP have raised concerns that India’s secular fabric is also being eroded as anti-Muslim hate speech make frequent headlines and Muslim-owned properties face demolitions. In December 2020, the northeastern state of Assam passed a law to convert all Islamic schools to regular education institutions.
Persons: New Delhi CNN —, madrasas, , Narendra Modi’s, Iftikhar Ahmed Javed, Modi, Himanta Biswa Sarma, Debabrata Saikia Organizations: New, New Delhi CNN, CNN, Bharatiya Janata Party, BJP, Reuters, madrasas Locations: New Delhi, India’s, Allahabad, Court, Uttar Pradesh, India, country’s, Assam
Nearly a dozen people have been detained in connection with the attack, which saw armed assailants storm a popular concert venue complex on the outskirts of the capital, killing more than 130 people. An unnamed male witness who survived the attack said the gunmen entered the concert hall and “started shooting everyone.”“I was sitting in the hall upstairs where the balconies were. Law enforcement officers outside the burning Crocus City Hall concert venue following the attack on Friday. The United States had previously warned Moscow that ISIS militants were determined to target Russia in the days before assailants stormed the concert hall. Video Ad Feedback ISIS claims responsibility for attack in busy Moscow-area concert hall 05:22 - Source: CNNWhat else is Russia saying?
Persons: , , Molotov, Yulia Morozova, Andrey Vorobyov, ” Vorobyov, Olga Maltseva, Amaq, Adrienne Watson, Putin, people’s, Alexander Bortnikov, Maria Zakharova, David Cameron, Olaf Scholz, Emmanuel Macron, Narendra Modi, Saudi Arabia’s Crown Prince Mohammed bin Salman, Xi Jinping, Antonio Guterres Organizations: CNN, Attackers, Ostorozhno Novosti, Reuters, Crocus City, Russian Emergencies Ministry, Hall, Russia’s, Authorities, Getty, ISIS, SITE Intelligence Group, Islamic, SITE, United, US National Security, RIA Novosti, RIA, Russian Security Service, Russian Foreign, , Ukrainian Foreign Ministry, Kremlin, Ukrainian Defense Intelligence, British, India’s, Saudi Arabia’s Crown, United Nations Security Council Locations: Russia, Crocus, Moscow, AFP, Islamic State, United States, , Ukraine, ” Ukraine
India holds a general election between April and June that Modi's Bharatiya Janata Party (BJP) is widely expected to win. The BJP's Tripathi responded that Muslim BJP leaders had no reason to fear because their community equally benefits from various government welfare programmes. Friday's order applies to all madrasas in the state, whether funded privately or by the government, Javed said. The court did not give a timeline for its order, but Javed said madrasas are unlikely to be closed right away. The northeastern state of Assam, also ruled by the BJP, has been converting hundreds of madrasas into conventional schools.
Persons: Saurabh Sharma, Krishna, Narendra Modi's, Iftikhar Ahmed Javed, Subhash Vidyarthi, Vivek Chaudhary, Anshuman Singh Rathore, Rathore, Modi, Ram, Babur, Rakesh Tripathi, madrasas, Sudhanshu Chauhan, Javed, Tripathi, Krishna N, William Mallard Organizations: Das NEW, Bharatiya Janata Party, BJP, Pradesh BJP, madrasas, Das Locations: Das NEW DELHI, India, Uttar Pradesh, Allahabad, Pradesh, Assam, New Delhi
It is the final frontier for India’s most powerful leader in decades. The news media, the national legislature, civil society, sometimes even the courts — all have largely been bent to his will. But one critical group of holdouts remains: some of India’s richest states, the engine of its rapid growth. The future shape of the world’s largest democracy — and its economic trajectory — may rest on the power struggle that has ensued. Mr. Modi, who is well placed to win a third term in a national election that will begin on April 19, is wielding an increasingly heavy hand in what his opponents call an unfair effort to drive out the governments of the states his party does not control.
Persons: Narendra Modi, Mr, Modi
International Elections 2024: What You Need to KnowRussia U.K. United States E.U. Mexico India Indonesia 900M South Africa 90M Voting-age population Russia U.K. United States E.U. Mexico India Indonesia 900M 90M South Africa Voting-age population Russia U.K. United States E.U. Upcoming Elections India Prime Minister Narendra Modi, a divisive figure who has aggravated the religious and ethnic fault lines in the hugely diverse country, is seeking a third term. United States A rematch between President Biden and former President Donald J. Trump adds another layer of uncertainty to the global political landscape.
Persons: Narendra Modi, Mahamat Idriss Déby Itno, Paul Kagame, Biden, Donald J, Trump Organizations: United, Africa, Russia U.K, India, National Congress, European, Party, Lithuanian Christian Democrats, Conservative Party, Labour Party Locations: Russia, United States, Mexico India Indonesia, Mexico, India, South Africa, Venezuela, Sudan, Panama, Chad, Europe, Rwanda, Austria, Lithuania, Sri Lanka
A tableau of Arunachal Pradesh state during the Republic Day parade along Kartavya Path in New Delhi, India, on Friday, Jan. 26, 2024. China slammed the United States for interfering in its border dispute with India, after Washington said it recognized the disputed Arunachal Pradesh as a part of Indian territory. China, which refers to the territory as Zangnan, claims Arunachal Pradesh is part of southern Tibet. India rejects those claims, stating Arunachal Pradesh has always been a part of India. Kugelman pointed out that the U.S. typically refrains from commenting on some Indian border disputes, such as the one with Pakistan over Kashmir.
Persons: Washington, Lin Jian, China's, Narendra Modi, Vedant Patel, Zangnan, Lin, Michael Kugelman, Kugelman Organizations: India's, Foreign Ministry, U.S . State Department, United, LAC, South Asia Institute, Wilson Center, CNBC Locations: Arunachal Pradesh, New Delhi, India, China, United States, Beijing, Indian, Tibet, U.S, Pakistan, Kashmir, Washington
Its clean energy unit AGEL is building the sprawling solar and wind power plant in the western Indian state of Gujarat at a cost of about $20 billion. But the tycoon has since bounced back and the group is now pouring billions into the clean energy sector. It plans to invest $100 billion into energy transition over the next decade, with 70% of the investments ear-marked for clean energy. A worker walking past rows of solar panels at the Khavda Renewable Energy Park. “[Gautam] Adani continues to walk both sides of the street,” said Tim Buckley, director of Sydney-based think tank Climate Energy Finance.
Persons: can’t, ” Sagar Adani, Adani, He’s, Gautam Adani, Punit Paranjpe, AGEL, , haven’t, Hindenburg’s, Gautam, Narendra Modi, Modi, Tim Buckley, ” Buckley, Paranjpe, , that’s, ” Adani Organizations: New, New Delhi CNN —, CNN, Adani Green Energy, Adani, Khavda, Energy, Hindenburg, AGEL, Getty, International Energy Agency, Sydney, Climate Energy Finance Locations: New Delhi, Paris, Switzerland, India, Gujarat, Indian, Mundra, AFP, Pakistan, American, China, Europe, London, Africa, Australia
Around 970 million registered voters are expected to cast their votes for India's next prime minister. India will hold the world's largest general elections starting April this year with nearly a billion voters set to exercise their franchise. The seven-stage election process will start from April 19 and last till June 1, 2024, according to the schedule announced by the Election Commission of India. The country has about 970 million registered voters. Since Modi won a second term in the 2019 general election, India has seen the economy strengthen, with Indian equity benchmarks hitting record highs.
Persons: India's, Narendra Modi's, Modi, Rajiv Kumar, Krishnamurthy Subramanian Organizations: India, India's, Narendra Modi's Bharatiya Janata Party, BJP, WealthMills Securities, CNBC, BSE, International Monetary Fund, U.S, White House Locations: India, BJP, Hong Kong, China
India wants to be among the world's top five semiconductor producers in the next five years, said Ashwini Vaishnaw, minister of electronics and information technology, railways and communications. The chip industry "is a very complex market, and global value chains and global supply chains are extremely complex in the current context," Vaishnaw said on CNBC's Street Signs Asia on Friday. As of December, Taiwan holds about 46% of global semiconductor foundry capacity, followed by China (26%), South Korea (12%), the U.S. (6%) and Japan (2%), according to market intelligence firm TrendForce. I call it 'trust shoring' because there is a global trust in India," Vaishnaw said. "A lot of our chips are designed in India, and that presence in India is also creating opportunities for a number of Indian companies."
Persons: Ashwini Vaishnaw, Vaishnaw, Narendra Modi, Frank Huang, Rajeev Chandrasekhar Organizations: Qualcomm, CNBC, Tata Electronics, Powerchip Semiconductor Manufacturing Corp, PSMC, Economic Times Locations: India, Taiwan, China, South Korea, U.S, Japan, Chennai
CNN —Authorities in western India have launched an investigation after far-right Hindus allegedly attacked foreign university students offering prayers during the Islamic holy month of Ramadan, as religious tensions simmer ahead of a crucial general election. One eyewitness told CNN the students were offering prayers when a group of people arrived and repeatedly told them to stop, while chanting Hindu slogans. “One of the students got up and slapped a member of the group,” the Gujarat University student, who does not want to be named out of fear of retribution, told CNN. We request the university to shift us to a safe place.”Another student told Gujarat First News that the university had given them permission to pray on campus. Gujarat University vice chancellor Neerja A. Gupta confirmed clashes broke out between two groups after which some foreign students were injured.
Persons: Malik, Randhir Jaiswal, Narendra Modi’s, “ Jai Shree Ram, Lord Ram, , ‘ Jai Shree Ram, , , Neerja A, Gupta, Modi, Asaduddin Owaisi Organizations: CNN, Authorities, Gujarat University, , India’s Ministry, External Affairs, clarion, News Capital Gujarat, Gujarat, Bharatiya Janata Party, BJP Locations: India, Afghanistan, Sri Lanka, Tajikistan, Ahmedabad, ” Ahmedabad, , Maharashtra, Madhya Pradesh, Gujarat
Those were some of the highlights of what is likely the most ostentatious “pre-wedding” ceremony the modern world has ever seen. Watching the event, I couldn’t help thinking of the 1911 durbar, or royal reception, when King George V was proclaimed emperor of India. It’s difficult to imagine the Ambani-Merchant wedding event in an India that isn’t ruled by Prime Minister Narendra Modi. India’s richest 1 percent now own more than 40 percent of the country’s wealth, according to Oxfam. Oxfam has described this new India as the “survival of the richest.”
Persons: Rihanna, Mark Zuckerberg, Mukesh Ambani’s, Anant, Radhika Merchant ., Bill Gates, Ivanka Trump, King George V, Ambani, isn’t, Narendra Modi, Modi, Organizations: Radhika Merchant . Monarchs, India, Oxfam Locations: Gujarat, India, Britain
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