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☆ India's central bank approves highest-ever dividend to the government
▼ + stars: | 2024-05-22 | by ( ) www.cnbc.com time to read: +2 min

A youth walks past the entrance of the Reserve Bank of India head office in Mumbai on Nov. 17, 2021. The board of India's central bank approved a record surplus transfer of 2.11 trillion rupees ($25.35 billion) to the government for the fiscal year ended March, sharply above analysts' and government projections. The government had budgeted a dividend of 1.02 trillion rupees from the Reserve Bank of India, state-run banks and other financial institutions, interim budget estimates for the fiscal year 2024/25 show. The RBI board also decided to raise the contingency risk buffer (CRB) to 6.5% from 6% previously. Analysts had expected a surplus transfer in the range of 750 billion rupees to 1.2 trillion rupees, aided by strong foreign exchange earnings.

Persons: Garima Kapoor Organizations: Reserve Bank of India, Elara Locations: Mumbai, India's

☆ Indian teen allegedly kills two while drunk driving. As punishment, he was told to write an essay
▼ + stars: | 2024-05-22 | by ( Rhea Mogul | ) edition.cnn.com time to read: +4 min

CNN —Anger is growing in India after a teenager who allegedly killed two people while drunk driving was ordered to write an essay as punishment, with many demanding a harsher penalty and accusing the judiciary of leniency. The minor was taken into custody and later presented to the Juvenile Justice Board, where he was released on bail and given 15 days of community service. He was also asked to write an essay about road safety, Fadnavis said. “This was a surprising order passed (by the Juvenile Justice Board),” Fadnavis said. “It was wrong (to allow the minor to drive),” he told reporters outside his home, while fighting back tears.

Persons: Devendra Fadnavis, Fadnavis, ”, ” Fadnavis, Prashant Patil, Amitesh Kumar, Kumar, Suresh Koshta, ” Rahul Gandhi, India’s, ” Gandhi, Salman Khan, Khan Organizations: CNN, Porsche, Juvenile, Board, Pune Police, Indian National Congress, Bombay, Court Locations: India, Pune, Maharashtra, Mumbai

☆ Brad Paisley and Howard Gospel Choir to be the entertainment for state dinner as Bidens highlight US-Kenya ties
▼ + stars: | 2024-05-22 | by ( Betsy Klein | Samantha Waldenberg | ) edition.cnn.com time to read: +11 min

US President Gerald Ford dances with Britain's Queen Elizabeth II during a state dinner in Washington, DC, in 1976. Jason Reed/Reuters The White House's State Dining Room is seen ahead of a state dinner honoring French President Emmanuel Macron in 2018. Paisley first performed at the White House in 2009 during the Obama administration as part of a music series. “Tomorrow night we’ve created an experience that will feature the beautiful scenes of the White House and the Washington Monument that few get to enjoy,” White House social secretary Carlos Elizondo said. Event planner Bryan Rafanelli also helped the White House plan for the state dinner.

Persons: Brad Paisley, Joe Biden, Jill Biden, William Ruto, Rachel Ruto, “, Howard, “ Brad Paisley, Dr . Biden, Ruto’s, Biden, Ruto, ” Biden, George W, Bush, Gerald Ford, Queen Elizabeth II, Ricardo Thomas, Gerald R, Franklin D, Roosevelt, Enrique Penaranda, Penaranda, Matthew Costello, George R, Nikita Khrushchev, He's, Nina, Dwight D, Eisenhower, Mamie Eisenhower, Costello, John F, Kennedy, Habib Bourguiba, Jackie, Moufida, Bill Allen, Lyndon B, Johnson, Errol W, Barrow, Carolyn, Richard Nixon, Leonid Brezhnev, Charles Tasnadi, Betty Ford, Jordan's King Hussein, David Hume Kennerly, Betty Sherrill, Britain's Queen Elizabeth II, Jimmy Carter, Deng Xiaoping, Cho Lin, Carter, Nancy Reagan, Indira Gandhi, Mikhail Gorbachev, Joe DiMaggio, Ronald Reagan, Reagan, Boris Yeltsin, Naina, George H.W, George H.W . Bush, Barbara, Dirck Halstead, Singer Whitney Houston, Nelson Mandela, Ron Sachs, Bill Clinton, Hillary Clinton, Mandela, Zindzi, Wally McNamee, Corbis, Bill Frist, Lynne Cheney, Dick Cheney, Gloria Macapagal Arroyo, Pablo Martinez Monsivais, Laura Bush, Prince Philip, Itzhak Perlman, Saul Loeb, Barack Obama, Michelle Obama, Manmohan Singh, Gursharan Kaur, Pete Souza, White, Obama, Singh, Jason Reed, Emmanuel Macron, Donald Trump, Melania Trump, Macron, Brigitte, Jabin, Scott Morrison, Joshua Roberts, Paisley, ‘ Wake, Martin Luther, ’ ”, ” Jill Biden, we’ve, Carlos Elizondo, Cris Comerford, Bryan Rafanelli, April’s, Fumio Kishida, Yuko Kishida, CNN’s Sam Fossum Organizations: Washington CNN —, Howard Gospel Choir, White, CNN, Kenyan, Ford Presidential Library, United, White House, Historical Association, Washington Post, Getty, Barbados, AP, Indian, New York Times, Singer, South, Trump, Australian, Paisley, Japanese Locations: Kenya, United States, ”, Ghana, Africa, Russia, Namibia, Washington , DC, Bolivian, Soviet, George H.W ., toasts, Nashville, Washington

☆ Mumbai, India: Billionaires, Bollywood celebrities cast their vote in the world’s largest election
▼ + stars: | 2024-05-21 | by ( Rhea Mogul | ) edition.cnn.com time to read: +4 min

Bollywood actor Shah Rukh Khan, along with his family, leaves a polling booth after casting his ballot in Mumbai on May 20, 2024. Sujit Jaiswal/AFP/Getty ImagesThe “King of Bollywood” Shah Rukh Khan was seen leaving a Mumbai polling booth with his family – wife Gauri, daughter Suhana, and sons Aryan and Abram. Bollywood actors Ranveer Singh and Deepika Padukone arrive to cast their ballots at a polling station in Mumbai on May 20, 2024. Residents queue to cast their vote on May 20, 2024 in Mumbai, India. Voters wait to cast their vote in Chandivali, Mumbai, on May 20, 2024.

Persons: Narendra Modi, Shah Rukh Khan, Sujit Jaiswal, ” Shah Rukh Khan, Gauri, Suhana, Aryan, Abram, Amitabh Bachchan, ” Khan, “ Let’s, Deepika Padukone, Ranveer Singh, Mukesh Ambani, Nita, Akash, Akshay Kumar, “, Aishwarya Rai Bachchan, Stringer, Shiv Sena —, Satish Bate, Sachin Chaudhary Organizations: CNN, Getty, Bharatiya Janata Party, BJP, Indian National Congress, Hindustan Times, Getty Images Locations: Mumbai, Maharashtra, India’s, AFP, Andheri, “, India, Mumbai’s, West Bengal, Getty Images Mumbai, New York, Chandivali

☆ 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

☆ Indian authorities seize over $1 billion worth of illegal vote inducements, including drugs and cash, in country's elections
▼ + stars: | 2024-05-19 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Indian authorities have seized over $1 billion in cash, drugs, and goods in the country's elections. The amount has surpassed the total seized during the whole of the last general election in 2019. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Election Commission of India (ECI) said it has seized 88.9 billion rupees, or around $1.1 billion, in drugs, cash, and other goods like precious metals and liquor as part of its efforts to stamp out illegal vote inducements in the country's general election.

Persons: — Organizations: Service, of India, Indian government's Press, Business

☆ Strangers in Their Own Land: Being Muslim in Modi’s India
▼ + stars: | 2024-05-18 | by ( Mujib Mashal | Hari Kumar | ) www.nytimes.com time to read: 1 min

To be vilified because you are a Muslim in what is now a largely Hindu-first India. Neighbors hold back from neighborly gestures — no longer joining in celebrations, or knocking to inquire in moments of pain. “It is a lifeless life,” said Ziya Us Salam, a writer who lives on the outskirts of Delhi with his wife, Uzma Ausaf, and their four daughters. Workdays ended with riding on the back of an older friend’s motorcycle to a favorite food stall for long chats. His wife, a fellow journalist, wrote about life, food and fashion.

Persons: ”, Salam, Uzma Ausaf, Workdays Locations: India, Delhi

☆ Bollywood and Indian politics: Influence of Modi and BJP on world’s largest film industry
▼ + stars: | 2024-05-17 | by ( Jessie Yeung | Rhea Mogul | ) edition.cnn.com time to read: +16 min

And most of these are Hindi films, meaning Bollywood holds an outsized influence on the country’s culture, identity and economy. A screengrab from the 2022 Bollywood film "The Kashmir Files." CNN reached out to several people from the film industry for this story, some of whom declined to be interviewed due to sensitivities around the topic. It encouraged some Bollywood filmmakers to “(lean) into the caricature of the Muslim villain,” he says. These films are growing fast; outside Bollywood, earnings from the South Indian media and entertainment industry have nearly doubled year on year, according to a 2023 report by the Confederation of Indian Industry.

Persons: India’s, Narendra Modi, Indranil Mukherjee, ”, Raja Sen, “ It’s, Modi, Tanul Thakur, …, Veer Savarkar, –, ” Adah Sharma, Pandits, Vivek Agnihotri, ” Sudipto Sen, Debashree Mukherjee, it’s, Thakur, Sen, Darab Farooqui, Sonu Mehta, Farooqui, “, she’s, Aamir Khan, ” Farooqui, Jawaharlal Nehru, Mukherjee, Yash Chopra, ” That’s, ” Thakur, ” Sen, “ We’ve, ’, Dharmendra, Noemi Cassanelli, “ Something’s Organizations: India CNN —, Bharatiya Janata Party, BJP, Observers, Hollywood, Republican, Modi’s, Getty, CNN, Ministry of Culture, of, Netflix, Columbia, Social Democratic Party of India, Hindustan Times, Columbia University, Journalists, Confederation of Indian Industry Locations: Mumbai, India, Kerala, Kashmir, Jammu, Columbia University’s, Middle Eastern, South, Jaipur, New Delhi, Pakistan, United States, Tamil Nadu

☆ CNBC's Inside India newsletter: What's next for India's regulators?
▼ + stars: | 2024-05-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. Instead, there's been a flurry of activity this month at a number of regulators across India's financial system. That frightened bank investors and immediately knocked off more than 3% from the India Nifty PSU Bank index. "RBI has been tightening the screws," Rajeev Agrawal, hedge fund manager and managing partner at DoorDarshi India Fund, told CNBC's Inside India. We also had hedge fund manager Andrew Holland, who spoke on India's infrastructure projects and the outlook for the country's economy.

Persons: Niharika Kulkarni, there's, Nirmala Sitharaman, SEBI, Rajeev Agrawal, Agrawal, Shailendra Singh, India's, they've, Dinesh Kumar Khara, Andrew Holland, Sri Jegarajah Organizations: Reserve Bank of, Global, Securities and Exchange Board of India, Reserve Bank of India, Futures Industry Association, Bombay Stock Exchange, Reuters, India Nifty, DoorDarshi India Fund, Peak XV Partners, Sequoia Capital, CNBC, CNBC Pro, U.S ., State Bank of India, U.S . Federal Reserve, Center Locations: Reserve Bank of India, Mumbai, India, Sequoia, Sequoia Capital India, Southeast Asia, Maldives, Sri Lanka, Sri, Japan, Indian, Chennai

☆ Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term
▼ + stars: | 2024-05-17 | by ( Sumathi Bala | ) www.cnbc.com time to read: +8 min

Narendra Modi, India's prime minister, center, during a campaign rally in Agra, Uttar Pradesh, India, on Thursday, April 25, 2024. Photographer: Prakash Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesA decade into power, India's Prime Minister Narendra Modi appears set to secure a rare third term, with the general elections now underway. Opposition 'witch hunt'Ahead of the elections, India's main opposition — the National Congress party — accused the Modi government of freezing its bank accounts. "This is a criminal action on the Congress party done by the prime minister and the home minister," said Congress leader Rahul Gandhi in a fiery attack. "During Manmohan Singh's time, India was also growing very fast," he added, referring to the economic reforms under the former prime minister in the 1990s.

Persons: Narendra Modi, India's, Modi, Prakash Singh, Asim Ali, Ali, Milan, Modi's, —, Rahul Gandhi, Chietigj Bajpaee, Arvind Kejriwal, consecrating, Ronojoy Sen, Neelanjan Sircar, Manmohan Singh's, Sircar Organizations: Bloomberg, Getty Images Bloomberg, Getty, India's, East, CNBC, Dem, Freedom House, Carnegie Endowment, International Peace, Newsweek, Bharatiya Janata Party, National Congress, South Asia, Chatham House, Aam Aadmi Party, Modi's BJP, BJP, Institute of South Asian Studies, Centre for Policy Research Locations: Agra, Uttar Pradesh, India, East Asia, New Delhi, Sweden, U.S, Milan Vaishnav, South Asia, Gujarat, Ali, Delhi, Lok, Ayodhya, Ayodhya —, BJP

CNN —A federal judge on Friday sentenced David DePape to 30 years in prison, after he was convicted in the violent October 2022 attack on Speaker Emerita Nancy Pelosi’s husband, Paul. DePape was sentenced to 30 years for assault and 20 years for attempted kidnapping, which will run concurrently. DePape recalled that he was looking for Nancy Pelosi and that her husband had not been on his list of targets. She’s in Washington,” Pelosi recalled answering. He was violently struck in the head following a struggle with DePape, Pelosi said.

Persons: David DePape, Nancy Pelosi’s, Paul, DePape, Jacqueline Scott Corley, ”, Paul Pelosi, Nancy Pelosi, “, ‘, I’ll, ” DePape, Pelosi “, ” Paul Pelosi, Narendra Modi, Stefani Reynolds, Pelosi, “ She’s, ” Pelosi, “ I’ve Organizations: CNN, Northern, Northern District of, India's, White, Getty Locations: Northern District, Northern District of California, San Francisco federal, Washington ,, AFP, Washington

☆ From hunter to guardian: How the ‘Snakeman of India’ found his way into wildlife conservation
▼ + stars: | 2024-05-16 | by ( Michelle Cohan | ) edition.cnn.com time to read: +8 min

Whitaker would go on to earn the nickname “Snakeman of India,” and spend more than six decades dedicated to reptile research and conservation. His field work with snakes and crocodiles ultimately led his conservation efforts to help save India’s rainforests. We tell people when they’re working in the field, when they’re doing agriculture, use a stick. Romulus Whitaker teaches the next generation about reptiles at his conservation organization, Agumbe Rainforest Research Station, in southern India. And it’s wonderful to realize that dozens, if not hundreds, of young people have continued to do wonderful work with reptiles.

Persons: Romulus Whitaker, ”, Whitaker, Doris Norden Whitaker, Rama Chattopadhyay, Bill Haast, Heyward Clamp Whitaker, I’ve, cobras, we’ve, Arun Sankar, there’s, Cedric Bregnard, You’re Organizations: CNN, Miami Serpentarium, Miami, cobras, Cooperative, Getty Images CNN, Global Health Research, University of Toronto, Research, Cedric Bregnard CNN Locations: America, India, cobras, Mysore, Hoosick , New York, New York, Bombay, Western Ghats, Madras, South India, An, Chennai

☆ India 'very favorable' for IPOs, Peak XV says, as economy and investor sentiment stay strong
▼ + stars: | 2024-05-16 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

India offers a "very favorable" environment for companies to launch initial public offerings, said Shailendra Singh, managing director at Peak XV Partners, formerly Sequoia Capital India & Southeast Asia. "My general view is, especially in Indian public markets, the regulatory framework, what Securities and Exchange Board of India does, what Reserve Bank of India does, what other regulators do is actually really good," Singh told CNBC. There were 220 IPOs in India last year, up 48% from 2022, making it the second-largest IPO market in the world, according to an EY report. Though Mainland China took the top spot, the number of IPOs there slid 29% to 302. The Indian IPO market is set to remain strong in 2024, buoyed by optimistic investor sentiment, a robust economy, and expectations of lower inflation and rate cuts, EY said.

Persons: Shailendra Singh, Singh, EY Organizations: Peak XV Partners, Sequoia Capital, Securities, Exchange Board, Bank of, CNBC Locations: India, Sequoia, Sequoia Capital India, Southeast Asia, Bank of India, China

☆ Fed is in 'wait and watch' mode on rate cuts, says Raghuram Rajan
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed is in 'wait and watch' mode on rate cuts, says Raghuram RajanRaghuram Rajan, University of Chicago finance professor and former Bank of India governor, joins CNBC's 'The Exchange' to discuss outlooks on monetary policy in the U.S. and abroad.

Persons: Raghuram Rajan Raghuram Rajan Organizations: University of Chicago, Bank of India Locations: U.S

☆ Mumbai, India: Wealth gap on voters’ minds as country’s richest city gears up for election
▼ + stars: | 2024-05-15 | by ( Jessie Yeung | ) edition.cnn.com time to read: +7 min

Mumbai, India CNN —For millions of Indians, it’s the city where dreams come true – just look around. Vegetable seller Sachin Chaudhary poses for a picture during an interview with CNN in Mumbai, India, on April 16, 2024. A billboard with India's Prime Minister Narendra Modi displayed on a road in Mumbai, India on April 15, 2024. Noemi Cassanelli/CNNA man cycles along a road in front of the Shiv Sena headquarters in Mumbai, India, on April 16, 2024. Sanjay Sardesai sits on his motorbike outside of the Indian National Congress headquarters during an interview with CNN in Mumbai, India, on April 16, 2024.

Persons: Mukesh Ambani, ’, ”, Sachin Chaudhary, Noemi Cassanelli, Rajani Bhat, “ I’m, “, ” Rajani Bhat, Narendra Modi, ” Kalpita Shinde, it’s, Helen D’Souza, ” Helen D’Souza, CNN ‘, Shiv Sena, Bhat, chai, Parag Sawla, Parag, Chaudhary, Modi, Sanjay Sardesai, CNN Sanjay Sardesai Organizations: India CNN, CNN, Bharatiya Janata Party, BJP, India's, sips, Indian National Locations: Mumbai, India, New York, Colaba, Modi, Dadar

☆ Chuck Schumer and bipartisan group of senators unveil plan to control AI – while investing billions of dollars in it
▼ + stars: | 2024-05-15 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

It also instructs multiple Senate committees to come up with guardrails for AI to address some of its biggest risks, such as AI-enabled discrimination, job displacement and election interference. “Harnessing the potential of AI demands an all-hands-on-deck approach and that’s exactly what our bipartisan AI working group has been leading,” Schumer said Wednesday. “This roadmap represents the most comprehensive and impactful bipartisan recommendations on artificial intelligence ever issued by the legislative branch,” Young said Wednesday. Schumer has described regulating artificial intelligence as a challenge for Congress unlike any other, vowing a swift timeline measured in months, not years. But policy analysts, and some congressional aides, doubt whether Congress can pass significant legislation regulating AI in an election year.

Persons: Chuck Schumer, Schumer, ” Schumer, New Mexico Democratic Sen, Martin Heinrich, Republican Sens, Mike Rounds, Todd Young, ” Young, ” Organizations: CNN, European Union, National Security, Artificial Intelligence, New, New Mexico Democratic, Republican, South, Todd Young of Indiana, EU Locations: New York, New Mexico, South Dakota

☆ Fallout between the Maldives and India is ‘absolutely’ benefiting Sri Lanka, says tourism minister
▼ + stars: | 2024-05-14 | by ( Monica Pitrelli | Erica Lamberg | ) www.cnbc.com time to read: +2 min

By contrast, nearly 34,400 Indian travelers went to Sri Lanka in January, more than double the 13,759 that visited in January last year, according to the Sri Lanka Tourism Development Authority. Fernando also noted the tight relationship between Sri Lanka and India, both in business and tourism. "Sri Lanka has more to offer … Sri Lanka has more value when it comes to India." "ITC, the big hotel chain, opened their first hotel out of India in Sri Lanka. A Maldives concept in Sri Lanka

Persons: Harin Fernando, Fernando Organizations: country's Tourism, CNBC, Sri, Sri Lanka's Ministry of Tourism, Sri Lanka Tourism Development Authority, Sri Lankan Airlines, ITC Locations: Maldives, Sri, India, China, Russia, United Kingdom, Italy, Germany, Sri Lanka's, Sri Lanka, Galle, Colombo

☆ Storms Pummel Mumbai, Killing at Least 8
▼ + stars: | 2024-05-13 | by ( Sameer Yasir | More About Sameer Yasir | ) www.nytimes.com time to read: 1 min

Heavy rains accompanied by strong winds ripped through Mumbai, the financial capital of India, on Monday, killing at least eight people, uprooting trees and causing power outages in many parts of the city, officials said. The deaths were caused by a large billboard that toppled onto a crowd of people seeking shelter, a local official said. Video on social media showed the billboard shaking in the storm before falling. One witness, Swapnil Khupte, said that when the rains and wind started becoming worse, he and his friends had taken shelter at a gas station near the billboard. When it collapsed, he said, many of the people trapped under it were women and children.

Persons: Swapnil Khupte Locations: Mumbai, India, Ghatkopar

☆ India elections 2024: Once again, millions of migrants are unable to vote
▼ + stars: | 2024-05-13 | by ( Jessie Yeung | Noemi Cassanelli | ) edition.cnn.com time to read: +7 min

Often referred to as the “city of dreams,” Mumbai draws migrants from across the country hoping to find wealth and success. Noemi Cassanelli/CNNThe Covid-19 pandemic only underscored the volatility of migrant workers’ circumstances when millions lost their jobs almost overnight and were forced to go home. The biggest group is in the United Arab Emirates, with 3.4 million NRIs, followed by 2.5 million in Saudi Arabia; next is the United States with 1.2 million. The massive group of disenfranchised migrant workers stands in sharp contrast to these achievements – with no solution in sight. That means for now, voting remains an unlikely reality for many migrant workers.

Persons: India CNN — Chanu Gupta, ” Gupta, Chanu Gupta, Noemi Cassanelli, ”, Gupta, –, “ Organizations: India CNN, CNN, Nations, United Arab, ”, Workers Locations: Mumbai, India, Uttar Pradesh, Maharashtra, ” Mumbai, Bihar, Rajasthan, Gujarat, United Arab Emirates, Saudi Arabia, United States, United Kingdom, Dubai, NRIs

☆ Gen Z students lead pro-Palestine demonstrations while their Boomer professors see parallels to past protest eras
▼ + stars: | 2024-05-12 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +9 min

At Indiana University, protesters say they've been met with a militarized response from police. AdvertisementOn April 25, a day after Indiana University made a controversial change to its protest policies, students built an encampment on the school's Dunn Meadow. Isabella Volmert/AP PhotoShe joined the campus protests on April 25 alongside her husband, an IU staff member. From Vietnam to the Israel-Hamas WarWhen Dunn Meadow was established in 1969, official university policy dictated that overnight encampments were not allowed. AdvertisementThe Indiana University Police Department did not immediately respond to a request for comment from BI.

Persons: they've, —, Dunn, Pamela Whitten, Whitten, Barbara Dennis, Isabella Volmert, Dennis, Jia Wu, haven't, Z Bryce Greene, Greene, Jeremy Hogan Organizations: Indiana University, Service, Business, Indiana University's School of Education, Occupy, IU, New York Times, Columbia, City College of New, Hamilton Hall, Columbia University, Getty, College, Kent State University, Ohio National Guard, Indiana University Police Department, Palestine Solidarity Committee, Naval Surface Warfare, University, Indiana University's, Faculty, UNICEF Locations: Israel, Vietnam, Gaza, Dunn, Iraq, City College of New York, New York City, AFP, Kent, Palestine, Crane , Indiana, Indiana

☆ Republicans are divided on whether Kari Lake's Arizona Senate candidacy should be a top investment for the GOP
▼ + stars: | 2024-05-12 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen Kari Lake jumped into the Arizona GOP Senate primary last October, many conservatives were thrilled with the decision, confident she'd energize base voters in the general election. It's still early in the campaign, but the numbers are a sign that she has so far not consolidated GOP support around her candidacy. "Ultimately, the Republican Senate committee is probably going to realize before too long that there's far better opportunities for victories in other parts of the country," he added. But in addition to Arizona, they're angling to flip seats in Montana, Ohio, Maryland, Michigan, Nevada, Pennsylvania, and Wisconsin.

Persons: —, Kari Lake, Katie Hobbs, Donald Trump's, Lake, Ruben Gallego, It's, Sen, John Barrasso of, Matt Salmon, Todd Young, Democratic Sen, Joe Manchin, Young, he'd Organizations: Service, Arizona GOP, Republicans, Business, Emerson College Polling, Democratic, GOP, Senate Republican Conference, Politico, Washington Republicans, National Republican Senatorial, Arizona Rep, Lake, Republican, Todd Young of Locations: Arizona, John Barrasso of Wyoming, Todd Young of Indiana, West Virginia, Montana , Ohio, Maryland , Michigan, Nevada , Pennsylvania, Wisconsin

☆ Citi upgrades India to 'overweight' citing stable earnings, economic growth
▼ + stars: | 2024-05-11 | by ( ) www.cnbc.com time to read: +2 min

Citigroup analysts upgraded India to "overweight" from "neutral" in their emerging markets allocation on Friday, citing strong earnings and economic growth momentum. It also attributed India's one-year forward price-to-earnings (P/E) of 20x, which is slightly higher than the long-term averages, to a stable earnings trajectory. The brokerage remains "overweight" on India's banks, insurers, public sector enterprises, autos and capital goods companies among others. Citi downgraded China to "neutral" from "overweight", saying the recent rally in its stock markets occurred despite weakening fundamentals. Citi reiterated its "overweight" rating on Taiwan and Korea, maintaining "underweight" on Latin American countries.

Persons: Surendra Goyal Organizations: Hong, Citigroup, Citi, Jefferies, Asia Locations: India, China, Asia Pacific, Japan, Taiwan, Korea

☆ State Bank of India says country's interest rates likely to stay higher for longer
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailState Bank of India says country's interest rates likely to stay higher for longerDinesh Kumar Khara, chairman of State Bank of India, discusses the outlook for the Indian central bank's monetary policy and the banking sector.

Persons: Dinesh Kumar Khara Organizations: Bank of India, State Bank of India

☆ India election and economy: Meet the winners of rising power’s boom
▼ + stars: | 2024-05-10 | by ( Jessie Yeung | Noemi Cassanelli | ) edition.cnn.com time to read: +14 min

Mumbai, India CNN —As Indians head to the polls in a massive ongoing nationwide election, much attention has focused on the country’s explosive growth under Prime Minister Narendra Modi’s leadership. There is expected to be 740 million active smartphone users in India by 2030, according to EY India. “I wanted to make similar shoes that were printed with ‘Made in India,’” Shah says. After four years of trial and error, Shah Shoes was born. Some 17 years on, Shah Shoes has helped support his family back in Bihar, including six siblings.

Persons: Narendra Modi’s, — Modi, Javed Khatri, Noemi Cassanelli, he’d, Khatri, “, ”, –, ’, Apoorva Mukhija, —, Instagram, Mukhija, ” Mukhija, That’s, she’s, she’d, Jameel Shah, CNN Jameel Shah, Shah, wasn’t, CNN Shah, Kylie Minogue, ” Shah, ‘, ’ ” Shah, Shah Shoes, Priyanka Chopra, Katrina Kaif, He’s, Modi’s Organizations: India CNN, Bharatiya Janata Party, BJP, CNN, EY, World Bank, Facebook Locations: Mumbai, India, “, Bangalore, Silicon, ”, EY India, Dubai, London, California, …, Delhi, Bihar, India’s, Dharavi, Australian

☆ Japan aging: Women’s participation in ‘naked festival’ a sign of how aging is forcing changes to male-centric traditions
▼ + stars: | 2024-05-10 | by ( Himari Semans | Chris Lau | ) edition.cnn.com time to read: +8 min

Tokyo/Hong Kong CNN —With a history spanning more than 1,200 years, “hadaka matsuri,” or the naked festival, is Japanese masculinity on full display. Some women in Japan still battle deep-rooted cultural expectations that require them to take the role of “shufu,” or housewife, experts say. But in the naked festival, women have recently found hope. Men strip naked — except for a delicate piece of crotch-covering white loincloth — to take part in the naked festival at Konomiya Shrine on February 22, 2024. Women — donning happi, a traditional festive coat — are responsible for carrying a bamboo offering during the naked festival at Konomiya Shrine on February 22, 2024.

Persons: —, Saudi Arabia —, “, Christopher Gallagher, ”, we’ve, ” Haruhiko, Atsuko Tamakoshi, Chris Gallagher, Enyukai, Ayaka Suzuki, Mitsuko Tottori, Yoko Kamikawa, Fumio, Kaori Katada, Hiyori Kon, Sumo, won’t Organizations: Hong Kong CNN, Economic, Japan, Reuters, Mikiko, Hosei University, pre, CNN, ”, Ministry of Health, ” Eto, Organization for Economic Cooperation, Development, Japan Airlines, Netflix, Little Locations: Tokyo, Hong Kong, Japan, jostle, Germany, Britain, United States, India, Saudi Arabia, Konomiya Shrine, Konomiya

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