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☆ Stocks making the biggest moves midday: GameStop, Paramount, Spotify, Krispy Kreme and more
▼ + stars: | 2024-06-03 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Waste Management , Stericycle — Waste Management is buying Stericycle for $7.2 billion , the companies announced on Monday. Stericycle shares jumped nearly 15%, while Waste Management slid 4%. Spotify — The music streaming company climbed 4% following its announcement of premium subscription price increases in the U.S. in July. Lattice Semiconductor , Coherent — Lattice shares dove 11% after CEO Jim Anderson left to take the helm at Coherent, whose stock price jumped 17%. Krispy Kreme — Shares of the company rose 2% after it was upgraded to overweight at JPMorgan.

Persons: Keith Gill, Gill, Stericycle, CNBC's David Faber, Skydance, Shari Redstone, Jim Anderson, Esam, Dickinson, Edwards, Narendra Modi, Claudia Sheinbaum, Cava, Blackwell, Krispy Kreme, Masimo, Piper, Piper Sandler, Goldman Sachs, Goldman, — CNBC's Sean Colon, Yun Li, Pia Singh, Michelle Fox, Christina Cheddar, Berk Organizations: GameStop, DeepF, AMC, New York Stock Exchange, Waste Management, Spotify, GSK, Court, Paramount Global, Lattice Semiconductor, Company, Bloomberg News, JPMorgan, Nvidia, AMD, Bank of America, Therapeutics, Autodesk Locations: U.S, Swedish, Delaware, Becton, India, Mexico

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Persons: Narendra Modi, Modi’s Organizations: N.D.A, INDIA Modi’s, Modi’s Bharatiya Janata Party, Party Coalition Locations: India, N.D.A

☆ A bizarre comment stirred speculation India may try to match China's carrier fleet
▼ + stars: | 2024-06-01 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

During an interview with an Indian newspaper regarding plans to construct a third aircraft carrier, Defense Minister Rajnath Singh said India would build yet more. "He was only trying to dispel suggestions that the government is resistant to a proposal for a third aircraft carrier." They would also be less expensive, with the third Indian carrier estimated at around $5 billion, compared to $13 billion for a Ford-class carrier. On the other hand, there is a reason why America builds enormously expensive aircraft carriers. Despite its drawbacks, the aircraft carrier's aura and impact in peacetime operations are unmatched."

Persons: —, that's, it's, Rajnath Singh, Abhijit Singh, India's, Imtiyaz Shaikh, Queen Elizabeth, Singh, Michael Peck Organizations: Service, Indian Navy, Business, Indian, Defense, Observer Research Foundation, Getty, India, Soviet, Nimitz, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: India, New Delhi, China, Djibouti, Ream, Cambodia, Gwadar, Pakistan, Sri Lanka, Kyaukpyu, Myanmar, Fujian, Forbes

☆ Wall Street Lands on India, Looking for Profits It Can’t Find in China
▼ + stars: | 2024-05-31 | by ( Alex Travelli | ) www.nytimes.com time to read: 1 min

Mumbai, India’s financial capital, has seen a lot of new faces over the past year. The heads of global banks have been trooping through, visiting its stock exchanges, buying property and hiring new staff. A postpandemic boom has pushed the value of India’s stock market to about $5 trillion, putting it neck and neck with Hong Kong’s. Wall Street can’t ignore India anymore. Mumbai has been India’s commercial hub for eight decades, but it was relatively unfamiliar to global finance until the past two years.

Persons: Hong Kong’s Locations: Mumbai

☆ 'No big deal': Mark Mobius says he'll stay bullish on India no matter the election results
▼ + stars: | 2024-05-31 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Mark Mobius, Chairman Mobius Emerging Opportunities Fund speaking on CNBC's The Exchange on March 27th, 2024. Adam Jeffery | CNBCVeteran emerging markets investor Mark Mobius said India's election outcome will not change his bullish views on the country. India's election results will be out on Tuesday next week. watch now"The big question mark is whether [Modi] can get a number of seats to change the constitution," Mobius told CNBC's "Street Signs Asia" on Thursday. But India's economic fundamentals remain "very strong and solid."

Persons: Mark Mobius, Adam Jeffery, Narendra Modi, Modi, Mobius, CNBC's, Gautam Chhaochharia, Chhaochharia Organizations: CNBC Veteran, Bharatiya Janata Party, BJP, UBS Locations: India

☆ S&P upgrades outlook on India's sovereign rating to 'positive'
▼ + stars: | 2024-05-30 | by ( ) www.cnbc.com time to read: +2 min

Narendra Modi, India's prime minister, arrives at the Bhartiya Janata Party (BJP) headquarters in New Delhi, India, on Sunday, Dec. 3, 2023. S&P Global Ratings raised India's sovereign rating outlook to 'positive' from 'stable' while retaining the rating at 'BBB-', saying on Wednesday the country's robust economic expansion was having a constructive impact on its credit metrics. "This reflects India's solid growth performance and a promising economic outlook for the coming years," said in a social media post. The rating agency's positive outlook on India is predicated on its robust economic growth, pronounced improvement in the quality of government spending, and political commitment to fiscal consolidation, it said. India's weak fiscal settings had always been the most vulnerable part of its sovereign ratings profile, S&P said.

Persons: Narendra Modi, India's, Nirmala Sitharaman Organizations: Bhartiya Janata Party, BJP, Bharatiya Janata Party Locations: New Delhi, India

☆ CNBC's Inside India newsletter: Could markets sink even if Modi wins?
▼ + stars: | 2024-05-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Separately, the stock market will also deliver its verdict when markets open on Monday. Nervousness among investors over the results has meant that the India VIX index, the market's so-called fear gauge, has shot up by more than 135% since its April lows. However, some equity strategists point out that even a landslide victory for Modi's BJP could potentially sour the stock market. Meanwhile, Gautam Chhaochharia, head of global markets for India at UBS, said foreign investors are in a "wait and watch mode" ahead of India's election results despite economic fundamentals looking "very, very strong."

Persons: Narendra Modi's, Modi, Bradley Saunders, Saunders, Venugopal Garre, —, Garre, Fitch, SRH, Mark Mobius, Gautam Chhaochharia Organizations: Bloomberg, Getty, BJP, Traders, " Bank of America, Capital Economics, Modi's BJP, —, Reuters, Kolkata Knight Riders, IPL, Sunrisers, Knight Riders, CNBC, UBS Locations: Delhi, India, Kolkata, Sunrisers Hyderabad

☆ Delhi heat wave: Indian capital breaks all-time heat record, as authorities impose water rationing
▼ + stars: | 2024-05-29 | by ( Esha Mitra | Joshua Berlinger | ) edition.cnn.com time to read: +2 min

New Delhi CNN —India’s capital territory of Delhi sweltered to its highest-ever temperature of 49.9 degrees Celsius (121.8 degrees Fahrenheit) on Tuesday, as an oppressive heat wave forced authorities to impose water rationing. The Indian Meteorological Department (IMD) said the new record was measured in the suburb of Mungeshpur, surpassing Delhi’s previous high of 49.2 degrees Celsius (120.5 degrees Fahrenheit), observed in May 2022. The temperature in the city of Churu in the state of Rajasthan soared to 50.5 degrees Celsius (122.9 degrees Fahrenheit). Sirsa, a city in the state of Haryana, saw thermometers reach 50.3 degrees Celsius (122.5 degrees Fahrenheit), Indian authorities said. A man drinks water at a roadside stall serving free drinking water to commuters in New Delhi on May 22.

Persons: Atishi Marlena Singh, Singh, ”, Anupam Nath, Manish Swarup Organizations: New, New Delhi CNN, Indian Meteorological Department, Workers, Delhi, IMD Locations: New Delhi, Delhi sweltered, Mungeshpur, Delhi, Haryana, Guwahati, India, Churu, Rajasthan

☆ The Bitter Bargain that India’s 200 Million Muslims Face - The New York Times
▼ + stars: | 2024-05-26 | by ( Mohammad Ali | ) www.nytimes.com time to read: +1 min

I don’t wear a skullcap, and in public I avoid wearing the loosefitting Pathani kurta and peppering my speech with Urdu words, all of which are identity markers for Indian Muslims. For 10 years, Mr. Modi’s Hindu-chauvinist government has vilified the nation’s 200 million Muslims as dangerous undesirables. As offensive as that was, it is sadly familiar to Indian Muslims like me who — after a decade of denigration, violence and murder — live in daily fear of being identified and attacked, forcing us into self-denial to protect ourselves. Islam came here around 1,300 years ago, and Indian Muslims descend from natives of this land who converted to Islam centuries ago. Many Indian Muslims fought against British colonization, and millions rejected the 1947 partition of the country into a predominantly Hindu India and a mostly Muslim Pakistan.

Persons: “ Salam, ”, Narendra Modi Locations: India, Modi’s, Islam, Pakistan

☆ India and Japan are bright spots in Asia's 'supremely interesting' equity and M&A markets, JPMorgan says
▼ + stars: | 2024-05-24 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

India and Japan are two bright spots in Asia's "supremely interesting" markets, JPMorgan's Filippo Gori said at the bank's Global China Summit on Thursday, referring to the region's equity as well as deal-making landscape. India, which is very in high demand," Gori, co-head of global banking at JPMorgan, told CNBC. While mergers and acquisitions activity declined globally in 2023, Japan's deal value rose 23% from a year ago to about $123 billion, Bain & Company said in its Japan M&A report. "Japan's economy is uniquely well positioned for growth in M&A," the report said. Last year M&A deal value in India stood at $136 billion, a 27% drop for a year earlier, which was in line with the global decline in M&A activity, according to Deloitte's India M&A trends report.

Persons: Filippo Gori, Deloitte Organizations: Global China Summit, JPMorgan, CNBC, Japan's Nikkei, Bain & Company, Companies, China, Apple Locations: India, Japan, Gori, China

☆ Asia as a region is 'supremely interesting,' says JPMorgan's Filippo Gori
▼ + stars: | 2024-05-23 | 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 EmailAsia as a region is 'supremely interesting,' says JPMorgan's Filippo Gori"You have Japan, which is on fire. India, which is very in high demand," said Filippo Gori, co-head of global banking at JPMorgan, explaining why Asia as a region is interesting for investors.

Persons: JPMorgan's Filippo Gori, Filippo Gori Organizations: Asia, JPMorgan Locations: Japan, India, Asia

☆ India’s free press is not so free after a decade of Modi
▼ + stars: | 2024-05-22 | by ( Analysis Aishwarya S. Iyer | ) edition.cnn.com time to read: +12 min

And as Modi looks to win another five years in power in an ongoing nationwide election, critics fear further erosion of the protections afforded to India’s free press. “I think many times before I write stories,” Kappan told CNN. Since his bail, Kappan has struggled to find a permanent job to provide for his family. Kumar told CNN he resigned because Adani’s proximity to Modi and the BJP would leave him unable to continue asking tough questions of the government. “They gave no reasons nor any justifications for why they denied my permit,” she told CNN from Paris.

Persons: Siddique Kappan, Narendra Modi’s, Modi, “, ” Kappan, Kappan, ”, Kaushik Raj, Narendra Modi, Gareth Copley, Shakuntala Banaji, RSF, Kunal Majumder, NewsClick, Prabir Purkayastha, Banaji, Kanchan Gupta, Ravish Kumar, Kumar, Gautam Adani, Vishal Bhatnagar, Dinesh Joshi, Gupta, Avani Dias, Vanessa Dougnac, Dias, Gaurav Bhatia, Dougnac Organizations: New, New Delhi CNN, CNN, Getty, Modi’s Bharatiya Janata Party, BJP, ICC Men's Cricket, India, Journalists, London School of Economics, “, Press, ”, Protect Journalists, Police, LSE, Ministry of Information, Broadcasting, Amnesty, New Delhi Television, NDTV, YouTube, Australian Broadcasting Corporation’s, Ministry of Home Affairs, India’s, Ministry, BBC Locations: New Delhi, India, Uttar Pradesh, Lucknow, AFP, Hathras, Paris, Ahmedabad, Pakistan, Sri Lanka, Nepal, Bangladesh, Delhi, Jaipur, Modi, Asia, Dougnac

☆ 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

☆ Think Bhutan’s $100 daily tourism fee is pricey? It could go even higher, says prime minister
▼ + stars: | 2024-05-21 | by ( Monica Pitrelli | Penny Sadler | ) www.cnbc.com time to read: +2 min

Bhutan may reconsider its controversial $100 daily tourism fees if the country's tourism industry recovers soon, Bhutan's Prime Minister Tshering Tobgay told CNBC on May 10. Bhutan reopened its borders in September 2022 with an increased "Sustainable Development Fee" of $200 per person per day in place. Indian travelers pay a reduced fee of 1,200 Bhutanese ngultrum ($14.50) per night, and daytrippers from India are exempt from the fee, according to Bhutan's Department of Immigration. The rate often included hotel, transportation and tour guide costs, and the mandatory $65 Sustainable Development Fee. Now, those costs are in addition to the $100 Sustainable Development Fee.

Persons: Tshering Tobgay, Tobgay, Tobgay's Organizations: Bhutan's, CNBC, Bhutan's Department of Immigration, Tourism, of Bhutan, Tobgay's People's Democratic Party . Locations: Bhutan, Asia, India, daytrippers

☆ 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

☆ Many Indian stocks are in a 'bubble,' investor says, revealing the stock he just sold
▼ + stars: | 2024-05-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

India's mid-cap stocks are in a "bubble" despite the country's promising economic prospects, according to contrarian fund manager Jonathan Pines. Pines added that he's unable to justify current stock prices, even when accounting for "aggressive assumptions" about future growth in India's mid-cap stocks. The mid-cap 'bubble' Pines revealed that his fund recently held two Indian stocks, one of which was SJVN . SJVN, a mid-cap stock in the hydropower energy sector, has experienced a "vertical price" movement, which Pines attributed to a potential bubble in the Indian mid-cap market. The only 'reasonable' Indian stock On the other hand, GAIL India , a natural gas distribution company, remains the sole Indian stock in Pines' portfolio.

Persons: Jonathan Pines, it's, Pines, Rohit Natarajan, SJVN, Sudhanshu Bansal, GAIL India, GAIL Organizations: Federated, Antique, JM Financial, Federated Hermes Asia Locations: Pines, Japan, India, India's, U.S

☆ 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

☆ Indian election enters fourth phase amid heightened rhetoric over religion, inequality
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: +2 min

GHAZIABAD INDIA - APRIL 06: Prime Minister Narendra Modi greets supporters at a roadshow on April 06, 2024 in Ghaziabad, Uttar Pradesh, India. India's 2024 general election is set to be the world's largest democratic exercise, with over 969 million registered voters, more than the combined population of the EU, US, and Russia. (Photo by Elke Scholiers/Getty Images)India voted on Monday in the fourth phase of a seven-week long general election, as campaign rhetoric became more strident over economic disparities and religious divisions. "I appeal to all to vote for a decisive government," said Amit Shah, Modi's powerful aide and the country's interior affairs minister, as voting began. The lower turnout has raised doubts over whether BJP and its allies can win the landslide predicted by opinion polls.

Persons: Narendra Modi, Elke Scholiers, Amit Shah Organizations: EU, Bharatiya Janata Party, BJP Locations: GHAZIABAD INDIA, Ghaziabad, Uttar Pradesh, India, Russia, Telangana, Andhra Pradesh

☆ CNBC's Inside India newsletter: A disconnected stock market
▼ + stars: | 2024-05-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

CNBCThis report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. For local investors, Indian stocks would have underperformed the U.S. benchmark by more than 45 percentage points since Buffett's 2008 bet. It appears that India's near 8% GDP growth isn't transforming into stock market returns. But that has also meant significant competition for the incumbents, many of which are listed on the stock market. This year has also been particularly unlucky for Indian stock market investors thanks to the uncertainty added by politics.

Persons: Warren Buffett, it's, Jonathan Pines, Federated Hermes, Rajeev Agrawal, Agrawal, Narendra Modi's, Kevin Carter, Buffett, Carter, Modi, Narendra Modi, Amit Shah, Virat Kohli, Rajat Patidar Organizations: Berkshire, CNBC, BSE, Federated, DoorDarshi Advisors, Narendra Modi's BJP, India, Ecommerce, One97 Communications, Ujjivan Financial, BJP, Russia, Indian, Ukraine, India's Central Bureau of Investigation, Indian Premier League, Wednesday, Royal Challengers Bengaluru Locations: Omaha , Nebraska, Omaha, BSE India, India, United States, Gandhinagar Lok Sabha, Russia, Mumbai, Punjab Kings

☆ TikTok is taking the US to court to stop its ban
▼ + stars: | 2024-05-07 | by ( Dan Whateley | Geoff Weiss | ) www.businessinsider.com time to read: +4 min

TikTok is suing the US government over its new law that forces a sale or ban of the app. AdvertisementTikTok promised to fight its ban in the US — and now the social-media giant has made it official. TikTok has denied both of these claims, and the US government has yet to present evidence that either action has occurred. Legal scholars told Business Insider that well-articulated First Amendment arguments tend to prevail in court, but Congress' national-security concerns could ultimately win out. Hans, an associate clinical professor of law at Cornell Law School and associate director of its First-Amendment clinic, told BI.

Persons: TikTok, —, ByteDance, Joe Biden, G.S, Hans, Matthew Schettenhelm, Schettenhelm Organizations: Service, Chinese Communist Party, Foreign, Business, Cornell Law School, Appeals, DC Circuit, Bloomberg Intelligence Locations: China, Russia, Beijing, India

☆ Canada charges three Indian nationals for assassination of Sikh separatist
▼ + stars: | 2024-05-03 | by ( Tara John | ) edition.cnn.com time to read: +4 min

The suspects were identified in court filings as Karanpreet Singh, Kamalpreet Singh, and Karan Brar. The men are accused of conspiring “with others to commit the murder of Hardeep Singh Nijjar,” according to the filings. Authorities are currently investigating if they have ties to the Indian government – the latest development in a long-running intrigue that has fueled diplomatic tension between Canada and India. Nijjar, a Canadian citizen, was gunned down by masked men last June outside a Sikh temple in Surrey, British Columbia. Officials speak at a press briefing on Friday, May 3, regarding arrests made in the killing of Hardeep Singh Nijjar.

Persons: Justin Trudeau, Karanpreet Singh, Kamalpreet Singh, Karan Brar, “, Hardeep Singh, …, Trudeau, Nijjar, David Teboul, Gurpatwant Singh, Nikhil Gupta, Pannun, Gupta, ” Gupta, Pritpal Singh, ” Organizations: CNN, Canadian, Authorities, Government of, ” Royal Canadian Mounted Police, Indian, American Sikh Caucus Committee, FBI Locations: Canada, New Delhi, India, Canadian, Surrey, British Columbia, India’s Punjab, Government of India, United States, American

☆ CNBC's Inside India newsletter: Will AI make or break India?
▼ + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +9 min

But one that could foreshadow India's growth story. Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI? But it's likely to be a blip for India's growth trajectory, given the macro forces at play. Besides creating jobs that are less likely to be immediately disrupted by AI, India could also be a net beneficiary of artificial intelligence. The Indian stock market indexes, Sensex and Nifty 50 , are heading for a positive week again — up by 1% and 1.2%, respectively.

Persons: Findlay Kember, Klarna, ChatGPT, K Krithivasan, Krithivasan, Narendra Modi, It's, Shilan Shah, Goldman Sachs, Vinay Dwivedi, Ashok Gulati, Nomura, League Pickleball, Karine Jean, Pierre, Jerome Powell, Raghuram Rajan, Ashish Jain, CNBC's Ayushi Jindal Organizations: AFP, Getty, India's Tata Consultancy Services, Financial Times, TCS, World Bank, International Monetary Fund, University of Oxford, Capital Economics, Investment, Nomura, Qualcomm, Powerchip Semiconductor Manufacturing, UPI, India, Commission, Agricultural, United Pickleball Association, Global Sports, PPA, League, Washington Post, White, U.S ., Federal, CNBC, Reserve Bank of India, University of Chicago Booth School of Business Locations: Swedish, Paris, India, Chennai, U.S, Europe, China, Singapore, South Korea, Canada, United States

In the small Bombay theater that showed big films, his father brought him — over and over again — to see the biggest of them all. With every one of his 18 viewings of “Mughal-e-Azam,” a hit 1960 musical about a forbidden romance between a prince and a courtesan, the young boy fell more in love. The rays of light, beamed in black and white, opened to him a world at once majestic and lost. The music swept him to places that only later in life would he fully understand. India, cinema and music — they would all change, too.

Persons: —, ”, Sanjay Leela Bhansali — Organizations: Alankar Talkies Locations: Bombay, Mumbai, India

☆ Islamophobia and India’s election: Rising Hindu nationalism leaves Muslims fearful in India’s holy city
▼ + stars: | 2024-04-30 | by ( Rhea Mogul | Will Ripley | ) edition.cnn.com time to read: +18 min

Varanasi, India CNN —The sun glistens on the Ganges as Hindu devotees bathe in the holy river’s waters, and the Muslim call to prayer reverberates through the dusty air. The Gyanvapi mosque, left, and Kashiviswanath Temple on the banks of the river Ganges in Varanasi, India, December 12, 2021. He believes Gyanvapi is not a mosque, but a Hindu temple, and wants to see his community worship inside the walls of the building. Vishwambhar Nath Mishra, the priest of a prominent Hindu temple in Varanasi, believes Modi’s stoking of religious tensions is ruining the fabric of Indian society. This is my country.”Read more from CNN’s India election coverage:Billions spent, jungle-trekking poll workers and voting at 15,000 feet.

Persons: Narendra Modi’s, Modi, Varanasi John Mees, Sana Sabah, trepidation, “, Modi’s, Rajesh Kumar Singh, John Mees, Syed Mohammad Yaseen, ”, Hinduism John Mees, ’, Dileep Patel, inching, Nasir Ali, Ali, ‘ Jai Shree Sri Ram ’, Vijay Bedi, CNN Ali, Muzamil, Usman, it’s, Jai Shree Ram ”, Manish Swarup, Raja Singh, we’ll, Singh, –, Jaiveer Shergill, spokespeople, haven’t, Shamsher Ali, Emperor Aurangzeb, Lord Shiva, Kashi Vishwanath Temple, Pawan Kumar, ” Ali, Yaseen, ” Syed Mohammad Yaseen, turbocharge, ” Modi, Ram, Lucas Vallecillos, Swami Jitendranand Saraswati, Gyanvapi, Swami Saraswati, Amit Pandey, Vishwambhar Nath Mishra, ” Mishra, ” Read, Narendra Modi Organizations: India CNN, Bharatiya Janata Party, BJP, CNN, Rashtriya Swayamsevak Sangh, Modi, Bhajanpura Police, United Nations, Human Rights, ” CNN, Modi’s, Hate, AP BJP, T, Human Rights Watch, Amnesty International, International Federation for Human Rights, Reuters, Guards, “ Locations: Varanasi, India, Varanasi John, today’s India, “, Hinduism, Jammu, Kashmir, New Delhi, Delhi, Mustafabad, Rajasthan, Jaipur, Gujarat, Washington, BJP, Ali, Kashi, Gyanvapi, John, Ayodhya, Uttar Pradesh

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