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As of Thursday night, two tornado reports had been made in Indiana and five in Ohio, according to the Storm Prediction Center. More than 10,000 homes and businesses in Indiana and nearly 37,000 in Ohio were without power late Thursday night, according to PowerOutage.us. In Winchester, Indiana, state police were helping with search and rescue efforts after a tornado likely struck the area, and temporary shelters have been set up for residents, agency spokesperson Sgt. State police Superintendent Doug Carter described the storm in Winchester as a “terrible, terrible event” with many reports of significant injuries. The tornado reports in Indiana and Ohio came as a system of strong thunderstorms swept across parts of the central and eastern US on Thursday.

Persons: CNN —, Injuries, wouldn’t, Scott Keegan, Doug Carter, Carter, “, ”, Mary Rutan, David Crissman, Crissman, Alena Roberts, Mike Robbins, Robbins, CNN’s Taylor Ward, Raja Razek, Andy Rose, Jamiel Lynch, Jason Hanna Organizations: CNN, Storm Prediction, Authorities, Emergency Management Agency, Storm Prediction Center, National Weather Service, Mary Locations: Indiana, Ohio, Texas, Pennsylvania, Winchester , Indiana, Winchester, Selma , Indiana, Delaware, Ohio’s Auglaize, Logan, Wilmington , Ohio, Ohio’s Logan County, Indian Lake, Lakeview, Logan County, Bellefontaine, Parts, Mercer, Celina, Indiana and Ohio, Oklahoma , Arkansas, Missouri

☆ Data Dump Exposes the Fuzzy Lines Between Money and Politics in India
▼ + stars: | 2024-03-15 | by ( Alex Travelli | Hari Kumar | ) www.nytimes.com time to read: +1 min

Politics in India is an expensive business, and sometimes lucrative, too. In this year’s election, parties are expected to spend more than $14 billion — as much as in the United States. But there has been little in the way of transparency for the huge sums sloshing around. Reading between the lines of the spreadsheets full of names poses questions about the intersection of government and business in India. Construction companies, gambling impresarios, pharmaceutical bosses and many more corporate entities and individuals had forked over $1.7 billion in bonds since 2019.

Persons: Jairam Ramesh, Narendra Modi Organizations: State Bank of India, Indian National Congress, Bharatiya Janata Party of Locations: India, United States

☆ Bangalore water crisis: India’s ‘Silicon Valley’ is running dry as residents urged to take fewer showers, use disposable cutlery
▼ + stars: | 2024-03-14 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

As layers of tarmac swept through the city, Bengaluru lost its ability to absorb water, Ramachandra said. One woman begins to hit the vessel to check its water levels. No one sparedWhile the city’s poorest are bearing the brunt of Bengaluru’s water crisis, it hasn’t spared the upper middle class either. Activists and BJP members hold empty water pots during a protest against the state government over the severe water crisis, in Bengaluru on March 12, 2024. Idress Mohammed/AFP/Getty ImagesYet, for the city’s residents, the tit-for-tat arguments mean little as they experience the worst of the shortages.

Persons: ”, Ram Prasat Manohar, Ramachandra, “, Karnataka Raj Bhavan, Arijit Sen, D.K, Shivakumar –, Vishwanathan, Idrees Mohammed, Kumkum, Idress Mohammed, Geeta Menon, hasn’t, India’s, Maher Taj Organizations: India CNN, Infosys, Wipro, Ecological Sciences, Bengaluru –, “, Hindustan Times, Getty, Private, Authorities, Susheela, CNN, Management, won’t, Reuters, Bharatiya Janata Party, BJP, Congress Locations: Bengaluru, India, India’s, Bandepalya, Bengaluru –, Bangalore, ”, Karnataka Raj, Karnataka, Whitefield, AFP

☆ Ambition Got Me My Dream Job. Then It Nearly Killed Me.
▼ + stars: | 2024-03-14 | by ( Tanmoy Goswami | ) www.businessinsider.com time to read: +15 min

It's still not easy for me to admit it, but that night I used my pain to feed my professional ambition. In a previous job, burnout nearly killed me, and I vowed to never let ambition swallow me again. There's a fine line between the motivation needed to build a successful career and the uncontrolled ambition that ends in burnout. As I unpacked this predicament in therapy, I began to wonder: How did ambition become such a force in our world? In the ancient world, ambition was seen as a curse.

Persons: I'd, It's, I've, Cicero, Seneca, William Casey King, Virtue, shrewdly, King, don't, They're, wasn't, he'd, Coke, Ambition, —, I'm, Gabor Maté, Mark L, There's, unethically, India's Organizations: Oxford, New York Times, Guardian Locations: hustling, India, New Delhi

☆ Democrats cite AI gains and automation in Senate bill calling for 32-hour workweek
▼ + stars: | 2024-03-14 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +4 min

Sen. Bernie Sanders and Senate Democrats cited advances in artificial intelligence and automation Thursday as they argued for a new bill that would mandate a 32-hour federal workweek. "The sad reality is Americans now work more hours than the people of any other wealthy nation," the Vermont independent later said. The bill introduced by the committee chair Sanders and Sen. Laphonza Butler, D-Calif., would gradually reduce the standard workweek from 40 hours to 32 hours over four years. Sanders and Democrats at Thursday's hearing said that reducing the workweek would allow people to spend more time with family and on hobbies. "This would be napalm upon the fire of inflation," said Sen. Bill Cassidy of Louisiana, and the ranking Republican on the Health, Education, Labor and Pensions Committee.

Persons: Bernie Sanders, Sen, Bill Cassidy, Sanders, Laphonza Butler, Mark Takano, Jamie Dimon, Bill Gates, Chris Murphy, Conn, Bill Cassidy of, Mike Braun, Juliet Schor, Schor, Jon Leland, Leland, Liberty Vittert, Vitter, Vittert, St . Louis, Cassidy, They're Organizations: Health, Education, Labor, Pensions, Employers, Representatives, JPMorgan, Microsoft, Republican, Boston College, Washington University Locations: Dirksen, Washington , DC, Vermont, D, Bill Cassidy of Louisiana, Indiana, St .

☆ Google says it will restrict Gemini's ability to answer election-related questions 'out of an abundance of caution'
▼ + stars: | 2024-03-13 | by ( Joshua Zitser | ) 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 previewGoogle will restrict its AI chatbot Gemini from answering questions about elections as a precautionary measure and "out of an abundance of caution," a company spokesperson said. This story is available exclusively to Business Insider subscribers. AdvertisementIt responds to election-related questions with a generic message: "I'm still learning how to answer this question. The news of how Gemini will handle election-related inquiries comes just a couple of weeks after concerns were raised over its image-generating capability.

Persons: —, Gemini, Joe Biden, Donald Trump, Al Jazeera, Christopher Wray Organizations: Service, Economic, Business, Google, FBI Locations: India, OpenAI

☆ India Law That Sparked Deadly Riots Is Enacted After a 4-Year Delay
▼ + stars: | 2024-03-12 | by ( Alex Travelli | Sameer Yasir | ) www.nytimes.com time to read: +1 min

Weeks before a national election, the Indian government has abruptly announced that it will begin enforcing a citizenship law that had remained dormant since late 2019 after inciting deadly riots by opponents who called it anti-Muslim. The incendiary law grants Indian citizenship to persecuted Hindus, Sikhs, Jains, Buddhists, Jains, Parsees and Christians from a few nearby countries. Muslims are pointedly excluded. With a characteristic thunderclap, the government of India’s prime minister, Narendra Modi, made a short declaration on Monday night that it had finalized the details that would bring the law, known as the Citizenship Amendment Act, into force. The government’s action, coming just before India announces the dates for an election expected in April and May, shows Mr. Modi delivering on a promise, and could change the electoral math in districts with Hindu refugees who stand to benefit from the law.

Persons: Narendra Modi, Modi Locations: India’s, India

☆ Asia markets set for mixed open ahead of Japan's corporate inflation; Nikkei poised to slide further
▼ + stars: | 2024-03-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

People commuting to work in the morning cross a pedestrian crossing in Tokyo on February 15, 2024. Asia-Pacific markets are set for a mixed open ahead of Japan's corporate inflation figures for February, as well as trade data from the Philippines. Japan's corporate inflation rate for January is expected to come in at 0.5%, according to a Reuters poll. Investors will also be keeping an eye on inflation figures out of India as well as the U.S. later Tuesday, which could give a clue as to when the Federal Reserve will cut interest rates.

Organizations: Federal Reserve Locations: Tokyo, Asia, Pacific, Philippines, India

☆ Neeraj Chopra has gained unlikely stardom in India. If he wins another Olympic gold, he will be ‘treated like God’
▼ + stars: | 2024-03-11 | by ( George Ramsay | ) edition.cnn.com time to read: +7 min

CNN —In a line-up of India’s sporting heroes, most of whom have gained celebrity status through cricket, Neeraj Chopra is an anomaly. Matthias Hangst/Getty ImagesPrior to Chopra, India had practically no history in track and field, winning most of its Olympic medals in field hockey and wrestling. But still, Neeraj Chopra is the best sportsperson. “My main focus is to stay healthy,” says Chopra, “but I’m not taking the pressure of winning a gold medal again. He is a moving billboard, one can say now.”And if he wins a second gold medal at the Olympics?

Persons: Neeraj Chopra, ” Chopra, – Chopra, ”, Chopra, It’s, Matthias Hangst, Norris Pritam, He’s, Fabrice Coffrini, “, Pritam, Kirill Kudryavtsev, he’s, I’m, I’ll, ’, –, Michael Steele, ’ ” Organizations: CNN, CNN Sport, Ormax Media, Diamond League, Tokyo, “, ”, volleyball, Zurich Diamond League, Getty, Commonwealth Games, Paris Olympics, India Locations: India, Tokyo, Budapest, Khandra, Haryana, Panipat, AFP, Panchkula, Hungary

CNN —India has announced rules that would allow it to implement a controversial citizenship bill that excludes Muslims. The Citizenship (Amendment) Act provides a fast-track to citizenship for immigrants from Afghanistan, Bangladesh, and Pakistan – provided they are not Muslim. The controversial law would apply to religious minorities persecuted on religious grounds, including Hindus, Sikhs, Buddhists, Jains, Parsis and Christians. Members of the United Opposition Forum protest against the Citizenship (Amendment) Act in Nagaon District, Assam, India, on March 8, 2024. The BJP has its roots in India’s Hindu right-wing movement, many followers of which see India as a Hindu nation.

Persons: Narendra Modi, Pakistan –, Modi, Amit Shah, “, Anuwar Organizations: CNN, Indian Ministry of Home Affairs, Indian, United Opposition, Getty, Bharatiya Janata Party, BJP Locations: India, Afghanistan, Bangladesh, Pakistan, Nagaon District, Assam, Uttarakhand, Delhi, Ayodhya

☆ 'The ultimate adventure': Why more Indian travelers are taking extreme road trips
▼ + stars: | 2024-03-11 | by ( Kalpana Sunder | ) www.cnbc.com time to read: +5 min

More Indians are taking road trips these days — both within the country and beyond, solo and in groups — as access to better vehicles and better roads grows in the country. However, Sai took her first road trip back in 2016, before it became a trend. Sai now runs an overland driving company that organizes road trips across countries like Namibia, Georgia, Armenia, Nepal and Mongolia. Source: Rishad Saam Mehta,Since then, Mehta has taken more than 100 road trips across some 50 countries. Agarwal has traveled to 92 countries and gone on road trips in six continents.

Persons: Meenakshi Sai, she's, Sai, There's, Pollachi —, Meenakshi, —, Saam Mehta, Rishad Saam Mehta, Mehta, Tushar Agarwal, Sanjay Madan, Agarwal, Madan Organizations: Tata Motors, Ferrari, Bavarian, Toyota, Ford, Discovery Locations: Coimbatore, India, St . Petersburg, Russia, Thailand, Manipur, India's, Bangkok, London, Mumbai, Poland, Uzbekistan, Meenakshi Sai, Kyrgyzstan, Namibia, Georgia, Armenia, Nepal, Mongolia, Delhi, Ladakh, China, Munich, Austrian, Spiti, Northern India, New England, Jordan, …, Australia

☆ House GOP pushes ahead with TikTok bill despite Trump opposition
▼ + stars: | 2024-03-11 | by ( Melanie Zanona | Haley Talbot | ) edition.cnn.com time to read: +6 min

And he recognized that TikTok was a national security threat, and we are proceeding, because that threat continues today,” she said. Nowhere in the bill does it say Tiktok,” Pence told CNN. The measure’s fate, however, is less certain in the Senate, but Scalise told CNN he’s had conversations with senators who are “interested” in the legislation. While many senators told CNN they were still reviewing the legislation Monday night, there is a core group of senators who have expressed support or openness to the House bill. “He’s wrong,” Roy, a House Freedom Caucus member, told CNN.

Persons: Donald Trump, Cathy McMorris Rodgers, TikTok, ”, “ I’m, there’s, McMorris Rodgers, “, Morgan Griffith, doesn’t, Jeff Duncan, CNN he’s, we’ve, ByteDance, ” Duncan, “ We’ve, Greg Pence, Bill, can’t, ’, ” Pence, Steve Scalise, Scalise, Shou Chew, Chew, Mariannette Miller, Meeks, Chip Roy, ” Roy, it’s, Tik Tok, Bob Good, Troy Nehls, Trump, ” Nehls, CNN’s Sam Fossum, Manu Raju, Lauren Fox Organizations: CNN — House Republicans, House Energy, Republican, GOP, of Justice, Energy, Commerce, ”, Caucus, CNN, Chinese Communist Party, South Carolina Republican, Republicans, Punchbowl News, Trump, Rep, Iowa Republican, Texas Republican, Communist, Texas Rep Locations: United States, Virginia, Indiana, Texas, China

☆ Meet the heavy metal-drumming CEO bringing back cheap transatlantic travel, and learning from the mistakes of his airline's failed predecessors
▼ + stars: | 2024-03-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +8 min

Birgir Jónsson is the CEO of Play, an Icelandic airline offering cheap transatlantic flights. Jónsson told BI how Play keeps costs low, and how important volcanoes are to Icelandic tourism. From 2014 to 2015, he was the deputy CEO of Wow Air, an Icelandic ultra-low-cost carrier that went bankrupt in 2019. AdvertisementHis foray into the sector began as CEO of Iceland Express, which was acquired by Wow. While other airlines had to avoid the country's airspace — lengthening journey times — Play got planes at discount prices.

Persons: —, Jónsson, Icelandair, it's, York's, New Orleans —, Etienne De Malglaive, Los Angeles —, They're Organizations: Jónsson, Service, Wow, Iceland Express, Icelandic Post, Southwest, Ryanair, York's Stewart, Airbus, North, British Airways Flight, Nasdaq, Russia Locations: Icelandic, Europe, New York, London, Reykjavík, Romanian, Manhattan, Iceland, New Orleans, Eyjafjallajökull, India, Los Angeles, California, Dubai, Russia

☆ US asked China and India for help to prevent Russia from carrying out a nuclear strike in 2022, report says
▼ + stars: | 2024-03-09 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe US asked non-allies for help in an attempt to dissuade Russia from carrying out a nuclear strike in 2022, a senior US administration official told CNN. The official said their assessment was that input from the likes of India, China, and others "may have had some effect" on Russia's thinking. In June 2023, President Joe Biden said Russia's nuclear threat remained "real" following the news that Russia had moved nuclear weapons into neighboring Belarus. "All this really threatens a conflict with the use of nuclear weapons and the destruction of civilisation.

Persons: —, Vladimir Putin, Xi Jinping, Sergei Guneyev, Putin, Biden, Sergei Shoigu, Joe Biden, Emmanuel Macron Organizations: Service, CNN, Business, Getty, Russian, NATO, Reuters Locations: Russia, India, China, AFP, Ukraine, Kherson, Russian, Belarus

☆ These 28 regional and community banks exceed regulators' threshold for high commercial real estate concentration risk: here's what's really at stake.
▼ + stars: | 2024-03-09 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

But where banks' exposure to commercial real estate is concerned, locating that fire may be difficult. Rising interest rates quickly increased the cost of borrowing for investors in commercial real estate, including offices and multifamily homes. It doesn't reveal details such as borrowers' track records, said Mark Hillis, a former chief risk officer for commercial real estate at JPMorgan. There's also varying concentration risk: the largest banks with commercial real estate exposure are more diversified, meaning that any losses won't be as devastating, Baker said. "We think very few banks will run into issues just from their commercial real estate exposure," Reidy said.

Persons: Michael Barr, Jerome Powell, Todd Baker, Mark Hillis, Clifford Rossi, Robert H, Rossi, Baker, There's, Hillis, multifamily, haven't, You'll, Banks, you'll, Rebel Cole, NYCB, Matt Reidy, Reidy, Cole Organizations: Federal Reserve, Business, York Community Bank, SEC, Richman Center for Business, Law, Columbia University, JPMorgan, Smith, Smith School of Business, University of Maryland, Mortgage Banker's Association, Bank, Signature Bank, First, Countrywide Bank, Washington Mutual, Citigroup, multifamily, Florida Atlantic University, Federal, Regulators, TCRE, Equity RCRE, Community Bank, Provident Bank NJ, Merchants Bank of Indiana, Apple Bank for Savings, Oceanfirst Bank, Independent Bank, Lakeland Bank NJ, Ozk, Washington Federal Bank WA, Axos Bank, Sandy Spring Bank, Columbia Bank NJ, Farmers, Merchants Bank of CA, Popular Bank, Pacific Premier Bank, United Bank, Trust, Rockland Trust, Umpqua Bank, ServisFirst Bank, Bell Bank, Stellar Bank, National Bank of, National Bank of Florida FL, New York Community Bank Locations: multifamily, Basel, CRE, California, Rockland, National Bank of Florida

☆ The extravagant Ambani pre-wedding party was an affront to the millions of Indians in poverty, critics say
▼ + stars: | 2024-03-08 | by ( Joshua Zitser | Spriha Srivastava | ) www.businessinsider.com time to read: +5 min

But critics say it showed a telling disregard for the struggles of the many millions of Indians living in poverty. Spanning three days, the pre-nuptial event included a private performance by Rihanna, which estimates suggest cost up to $9 million. AdvertisementTripathi pointed out that 800 million of India's 1.4 billion population receive monthly food rations of wheat or rice. Sohini Kar, an associate professor at the London School of Economics, whose work focuses on urban India, told BI she agrees. Anant Ambani and Radhika Merchant serve traditional Gujarati food to villagers ahead of their pre-wedding celebrations on the outskirts of Jamnagar, India.

Persons: —, Anant Ambani, Asia's, Radhika Merchant, Rihanna, Nita Ambani, Shyam Bihari, WaterAid, Haldia, Rakhi Tripathi, Tripathi, Sohini Kar, Kar, St Louis Fed, Mukesh Ambani, Ratan Tata, Nita, Stringer Organizations: Service, Business, Bank, New, of Management, London School of Economics, BI, Oxfam International, St, Bloomberg, Architectural Digest, Reliance Foundation, Reuters Locations: India, Delhi, Asia, Mumbai, Jamnagar, Gujarat

☆ India says its citizens were 'duped' to serve in the Russian army. Now it wants them back
▼ + stars: | 2024-03-08 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

India is seeking the release of its nationals who have been "duped" into serving in the Russian army, a spokesperson for the Indian Ministry of External Affairs said Friday, in a rare rift from Moscow. "Several Indian nationals have been duped to work with the Russian army. He appealed to Indian nationals to "not be swayed by offers made by agents for support jobs with the Russian army. "It has been ascertained that some of these victims also got grievously injured in the war zone," the agency said. It comes amid a domestic labour crisis that has incentivized Indian nationals to seek jobs abroad.

Persons: Randhir Jaiswal Organizations: Indian Ministry, External Affairs, Indian, Central Bureau of, CBI, Centre, Monitoring Locations: India, Russian, Moscow, Delhi, Russia, Ukraine

☆ How can foreign investors cash in on India’s growth? Here are the ETFs and stocks to buy
▼ + stars: | 2024-03-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

India's economic prospects are shining bright, attracting global investors eager to capitalize on the country's immense growth potential. The International Monetary Fund expects India's real gross domestic product (GDP) to expand by 6.5% in 2024. However, tapping into these opportunities as a foreign investor is not as straightforward as buying shares listed on the Indian stock exchanges. This allows investors outside India to buy shares more easily. ADRs are a way for investors to own shares in a foreign company, with the shares themselves held by a U.S. bank.

Persons: Malcolm Dorson, Alex Watts, GDRs, Dorson Organizations: Monetary Fund, India Active, Franklin FTSE, Interactive, London Stock Exchange, Major, Nokia, Airtel Locations: India, Franklin FTSE India, U.S, Canada, Germany, France, Finnish, China, Europe

☆ CNBC Daily Open: No surprises for Wall Street from Powell
▼ + stars: | 2024-03-07 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] India's promising ETFsTapping India's promising market isn't as straightforward for foreign investors as buying shares listed on the Indian stock exchanges. Portfolio managers highlight one of the simplest routes is through ETFs that specifically track indexes comprised of Indian stocks.

Persons: Jerome Powell's, Wang Yi, Powell Organizations: New York Stock Exchange, CNBC, Nikkei, CSI, Dow, Nasdaq, Capitol, U.S Locations: New York City, U.S, Japan, Capitol Hill, China, Israel, America

☆ Pimco's Sonali Pier lets her 'cautious contrarianism' speak for itself: The bets she's making now
▼ + stars: | 2024-03-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

In this article Follow your favorite stocks CREATE FREE ACCOUNTSonali Pier is a portfolio manager with PimcoPimco's Sonali Pier strives for outperformance. Pier has risen through the ranks since joining Pimco and is now a portfolio manager within the firm's multi-sector credit business. Her father also raised her to value education and hard work, Pier said. Where Pier is bullishRight now, Pier prefers developed markets over emerging markets and the U.S. over Europe. However we can most efficiently express our view and trade that will lead to the best total return," Pier said.

Persons: Sonali, Pimco Pimco's Sonali, Pier, she's, Morningstar, It's, Mike Mulach, Mulach Organizations: Princeton University, JPMorgan, Pimco, Morningstar, Fund, SEC, Bloomberg Global Credit Locations: New York, California, Russia, Ukraine, U.S, Europe, financials

☆ CNBC Daily Open: No news is good news for Wall Street
▼ + stars: | 2024-03-07 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks regain groundWall Street ended Wednesday's session higher, snapping a two-day losing streak. [PRO] India's promising ETFsTapping India's promising market isn't as straightforward for foreign investors as buying shares listed on the Indian stock exchanges. Portfolio managers highlight one of the simplest routes is through ETFs that specifically track indexes comprised of Indian stocks.

Persons: Jerome Powell, Jerome Powell's, Powell, Shane Jones, who's, Gongsheng Organizations: Federal Reserve, New York Stock Exchange, CNBC, Dow, Nasdaq, Capitol, Microsoft, People's Bank of China Locations: New York City, U.S, China

☆ India’s booming tech sector suffers a big blow as Byju’s and Paytm plunge into crisis
▼ + stars: | 2024-03-07 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

A subsequent audit "revealed persistent non-compliances and continued material supervisory concerns in the bank," the central bank said on Jan. 31. Yet to be profitable, Paytm is also reportedly being probed by the federal anti-fraud agency on possible violations of foreign exchange laws. On Feb. 26, One97 Communications, the parent company of Paytm, said in an exchange filing that founder and CEO Vijay Shekhar Sharma had resigned from the board of Paytm Payments Bank. During the pandemic, Paytm capitalized on the digital payments boom in India, reporting a 3.5 times growth in transactions. SoftBank and Ant Group are now reportedly cutting their stakes in the payments company, according to local media.

Persons: Anindito Mukerjee, There's, Karan Mohla, Paytm, Vijay Shekhar Sharma, SoftBank Organizations: Bloomberg, Getty, B Capital, Reserve Bank of India, One97 Communications, Paytm Payments, Alibaba, Ant, Ant Group Locations: Greater Noida, India

☆ 5 Minutes That Will Make You Love Don Cherry
▼ + stars: | 2024-03-06 | by ( Marcus J. Moore | ) www.nytimes.com time to read: +2 min

Of all the musicians we’ve featured in this series, Don Cherry might be the most adventurous. Though with Cherry, there was a sense that he didn’t want to shift the genre as a whole. Cherry grew up in a musical family; his grandmother played piano for silent films, and his mother played piano at home. Though Cherry earned favor as a member of Coleman’s band and a featured player on the albums “Something Else!!! Then, on the 1985 album “Home Boy (Sister Out),” Cherry turned his attention to Paris.

Persons: we’ve, Don Cherry, Ornette Coleman, Cherry, Coleman, Coleman’s, ”, NPR’s Terry Gross, Leonard Bernstein, Thelonious Monk, John Coltrane, “ Brown Rice, ” Cherry Organizations: Plantation, Atlantic Records, ” Locations: Tulsa, Okla, Los Angeles, Sweden, Paris

☆ Nikki Haley to exit GOP presidential race Wednesday
▼ + stars: | 2024-03-06 | by ( Kylie Atwood | Arit John | ) edition.cnn.com time to read: +12 min

Nikki Haley will announce Wednesday that she is exiting the Republican presidential race, according to sources familiar with her plans, clearing the path for former President Donald Trump. Still, in her campaign, Haley became the first Republican woman to win two primary contests: Vermont and the District of Columbia. Former 2024 candidates, including biotech entrepreneur Vivek Ramaswamy, South Carolina Sen. Tim Scott and North Dakota Gov. At the time, Haley was seen as a rising GOP star and potential vice presidential pick in 2012 and 2016. Haley spent six years as governor of South Carolina before becoming Trump’s ambassador to the United Nations in 2017.

Persons: Nikki Haley, Donald Trump, Haley, Trump, Joe Biden, Biden, “, ” Trump, Vivek Ramaswamy, South Carolina Sen, Tim Scott, Doug Burgum, Ron DeSantis, Asa Hutchinson, Chris Christie, Chris Sununu, ” Haley, Republicans –, Charles Koch’s, Sununu, beholden, DeSantis, wasn’t, ”, Ramaswamy, he’s, Haley wasn’t, Barack Obama, Nimarata – Nikki, Nancy Pelosi, MAGA, Barack Obama’s, Haley’s, Mother Emanuel, ‘, ’, CNN’s Eric Bradner, Ebony Davis Organizations: CNN, Former South Carolina Gov, Republican, United Nations, GOP, Trump, Democratic, District of Columbia, Republican Party, North Dakota Gov, New, Florida Gov, Arkansas Gov, New Jersey Gov, Fox News, eventual, Republicans, White, Mother, Mother Emanuel AME, Confederate, statehouse, UN, Boeing, Associated Press Locations: Charleston , South Carolina, South Carolina, Nevada, Vermont, Iowa, New Hampshire, Arkansas, New Jersey, China, Granite State, United States, Lexington County , South Carolina

☆ Taiwan wants to hire Indian workers. What’s skin color or religion got to do with it?
▼ + stars: | 2024-03-05 | by ( Diksha Madhok | Wayne Chang | ) edition.cnn.com time to read: +4 min

New Delhi/Hong Kong CNN —Taiwan has swung into damage control mode after its labor minister made controversial comments about the skin color, religion and diets of some Indians ahead of a potential drive to recruit migrant workers to the island. In a separate apology, Taiwan’s labor ministry said Hsu implied “absolutely no discriminatory connotation when she mentioned ‘similar skin color’ in the interview. CNN has reached out to India’s Ministry of External Affairs for comments. In February, Taiwan said it will hire migrant workers from India to ease its labor shortage, but did not share any other details. Taipei currently allows migrant workers from Thailand, Vietnam, Indonesia and Philippines to work in the island, according to the labor ministry.

Persons: Hsu Ming, chun, ”, ” Hsu, Hsu, Hsu’s, Taiwan’s Foxconn, ” Young Liu, ” Liu, Padma Bhushan Organizations: Hong Kong CNN, Taiwan, Yahoo, Labor, CNN, India’s Ministry, Affairs, Padma, Bloomberg Locations: New Delhi, Hong Kong, Taiwan, India’s, India, China, Bangladesh, Myanmar, Covid, “ India, Japan, South Korea, Taipei, Thailand, Vietnam, Indonesia, Philippines

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