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The White House, which said in January that it had received the application to jointly produce the engines in India, declined to comment. Washington maintains strict controls over what domestic military technology can be shared or sold to other countries. India is keen to get the know-how to make aircraft engines. Though it can manufacture fighter jets domestically, it lacks the ability to produce engines to power them. However, India intends to produce more than 350 fighter jets for its air force and navy over the next two decades, which could be powered by the GE 414.

Persons: Biden, Joe Biden, Narendra Modi, Trevor Hunnicutt, Krishn Kaushik, Rajesh Kumar Singh, Heather Timmons, Jamie Freed Organizations: WASHINGTON, General Electric Co, Indian, GE, Hindustan Aeronautics Ltd, HAL, U.S . Congress, Thomson Locations: DELHI, India, Washington, Russia, New Delhi, Ukraine, India's, United States, Chicago

☆ Milk prices in the world's dairy powerhouse India have spiked 15%
▼ + stars: | 2023-05-25 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

India is facing an increase in milk prices, and it's not expected to ease up until November. Matthew Lloyd | Bloomberg | Getty ImagesIndia, the world's dairy powerhouse, is facing an increase in milk prices, and it's not expected to ease up until November. India, the world's leading producer of milk, accounts for 22% of global milk production and followed by the U.S. China, Pakistan and Brazil. Higher feed costsHigher cattle feed prices that coincide with the peak demand season are feeding into the spike in milk prices. India is facing an increase in milk prices, and it's not expected to ease up until November.

☆ Priyanka Chopra Jonas's brother played a key role in kickstarting her career
▼ + stars: | 2023-05-19 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Priyanka Chopra Jonas’s journey in the limelight began in 2000 when she was crowned Miss World – thanks in part to a nudge from her younger brother, Siddharth Chopra. “We just had one guest room,” Chopra Jonas told Wallace, adding that their father said at the time, “‘She’s a young woman. “Technically, he got his room back.”The Miss World 2000 pageant put Chopra Jonas on an international stage that led her screen career we know today. Ultimately, she told Wallace, she wanted to “spread my wings” and began looking toward a move to America. (From left) Madhu Chopra, Priyanka Chopra Jonas and Siddharth Chopra in 2019 in Mumbai.

☆ Hyundai explains how it plans to become one of the world's top three EV makers by 2030
▼ + stars: | 2023-05-11 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

Hyundai Motor Group, whose brands include Hyundai, Kia and Genesis, nabbed sixth place in SNE Research's global EV sales ranking for 2022. It delivered 510,000 EV units last year, up 40.9% from 2021, according to SNE Research. We have another EV, Ioniq 7, the three-row largest SUV, in our pipeline for next year. Revenue climbed 24.7% year-on-year, from 30.3 trillion won to 37.78 trillion won. Domestically, Hyundai said it plans to invest 24 trillion won in South Korea's EV industry by 2030.

☆ Der Spiegel cartoon of India reopens old wounds in world's new most populous country
▼ + stars: | 2023-05-04 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

The illustration, published last month in German news magazine Der Spiegel, shows a throng of jubilant Indians on an old and overcrowded locomotive – many standing on the roof – as it overtakes a sleek Chinese bullet train. But more than three quarters of a century later, critics of the Der Spiegel cartoon say it is unfair to view India through the lens of poverty. CNN has reached out to Der Spiegel for comment. Sankhadeep Banerjee/NurPhoto/Getty Images‘Suck up to China’The Der Spiegel cartoon “plays with very old fashioned clichés,” Germany’s ambassador to India, Philipp Ackermann, told Indian news agency ANI. “Der Spiegel caricaturing India in this manner has no resemblance to reality,” Gupta, the senior government adviser wrote on Twitter.

☆ An airline had to remind its pilots to keep cockpits 'sterile' after one invited a friend onto the flight deck and asked crew to serve her food and alcohol, reports say
▼ + stars: | 2023-05-03 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

An Air India pilot spent over an hour in the cockpit with a "female friend" on a flight to Dubai in February. According to a complaint reported by Indian media, he asked cabin crew to serve her food and alcohol. On Monday, Air India reminded its 1,800 pilots of the "sterile" cockpit rule, reports say. On Monday, Air India warned all its pilots — numbering over 1,800 per the Economic Times — reminding them of the sterile cockpit rule. A spokesperson for Air India told Insider it is conducting an internal investigation into the incident alongside the regulator's independent inquiry.

☆ India constructs world's highest railway bridge above Chenab River in Jammu and Kashmir region
▼ + stars: | 2023-05-02 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +5 min

CNN —India is now home to the world’s tallest railway bridge. Some 35 meters (over 10 feet) taller than the Eiffel Tower, the Chenab Bridge sits 359 meters (around 109 feet) above the Chenab River in India’s contentious Jammu and Kashmir region. The 1,315 meter-long (4,314 feet) bridge is part of a broader project to make the Kashmir Valley accessible by the Indian Railway network. In addition to the Chenab Bridge, the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project involves what will become the country’s longest transportation tunnel and Indian Railways’ first cable bridge. “Once we will be connected by train with the rest of India, it will be a big boost to this industry, agriculture as well as fruit.”The Chenab bridge is part of efforts to link Kashmir with the rest of India.

☆ Indian shares set to open higher as strong earnings lift mood
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, April 24 (Reuters) - Indian shares were set to open higher on Monday as improved quarterly results from heavyweights Reliance Industries Ltd (RELI.NS) and ICICI Bank Ltd(ICBK.NS) eased some concerns over a lacklustre start to the earnings season. India's most valuable company, Reliance Industries reported 19% growth in fourth-quarter profit, aided by the strong performance in oil-to-chemicals (O2C) segment, post market hours on Friday. Private lender ICICI Bank posted a 30% jump in net profit in the March quarter, helped by improved net interest income and loan growth. The strong earnings of the two companies, which account for nearly 20% of the total weightage in Nifty 50, could improve the sentiment soured by the weak earnings and outlook of top information technology companies, analysts added. Stocks to Watch:** Yes Bank Ltd (YESB.NS): Lender's net profit slumps 45% in the March quarter on higher provisions.

☆ Parliament, not courts, best place to debate same-sex marriage, India minister says
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, April 21 (Reuters) - India's parliament, not a court of law, is the best place to debate the issue of same-sex marriage, an influential government minister said on Friday, as the country's top court heard appeals asking for such unions to be recognised. "The issue of marriage concerns society and society's opinion on this issue cannot be excluded. The voice of society is best reflected in parliament..." Yadav, who is minister for labour and the environment, said in the piece. Courts around the world have been debating and examining the issue of same-sex marriage and whether such unions can be recognised by law, but Asia largely lags the West in this regard. In an historic verdict in 2018, India's top court decriminalised homosexuality by scrapping a colonial-era ban on gay sex.

In Southeast Asia, some countries posted their highest ever recorded temperatures this week, while searing heat in the Indian subcontinent has killed more than a dozen people. Neighboring Myanmar set an April temperature record on Monday as Kalewa, in central Sagaing region, reached 44°C (111°F), Herrera tweeted. April and May are typically the hottest months of the year for South and Southeast Asia as temperatures rise before monsoon rains begin and bring some relief. On Monday, more than 100 weather stations in 12 provinces broke their April temperature record, according to climatologist Jim Yang. Extremely hot temperatures across South and Southeast Asia are expected to continue.

☆ India consumer goods sector: 'Runway to growth' is massive, Hindustan Unilever says
▼ + stars: | 2023-03-17 | 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 EmailIndia consumer goods sector: 'Runway to growth' is massive, Hindustan Unilever saysSanjiv Mehta of the Indian consumer goods company says running the business is "significantly" easier now than it was 20 years ago.

☆ Indian shares rise on easing global banking concerns
▼ + stars: | 2023-03-17 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

BENGALURU, March 17 (Reuters) - Indian shares advanced on Friday, aided by financials, tracking a rebound in global equities after a slew of measures to support the global banking system eased worries about a crisis in the financial sector. While the developments eased immediate concerns of a crisis in the global banking system, some analysts remained cautious. "The Fed needs to manage a delicate balancing act between price stability (inflation) and financial stability (growth) in next week's meeting." Information technology stocks (.NIFTYIT) rose over 1% with all 10 constituents logging gains. ($1 = 82.5870 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Dhanya Ann Thoppil and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ Indian shares set for muted start on U.S. rate hike worries, geopolitical concerns
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Feb 20 (Reuters) - Indian shares were set for a muted start on Monday, on worries that the U.S. Fed would go higher for longer with interest rates, while rising concerns after North Korea fired more ballistic missiles further dampened investor mood. India's NSE stock futures listed on the Singapore exchange were up 0.14% at 17,961.50 as of 7:58 a.m. IST. Investors await the minutes of the Fed's meeting, due on Wednesday, to gauge the U.S. central bank's future rate hiking path. Talks of Russia ramping-up attacks in Ukraine ahead of the one-year anniversary of its invasion also added to geopolitical concerns. read more($1 = 82.7310 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

☆ India opposes Hindustan Zinc's $2.98 bln deal for Vedanta zinc assets
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +2 min

Vedanta's sale of its zinc assets in South Africa and Namibia to Hindustan Zinc is critical to ensuring liquidity at parent company Vedanta Resources. The government holds a near 30% stake in Hindustan Zinc, while Vedanta owns almost 65%. "As far as Hindustan Zinc is concerned, we always believe in and operate in perfect manners of corporate governance, so (there is) no deviation on that count," Hindustan Zinc Chief Executive Arun Misra told CNBC-TV18 on Monday. Hindustan Zinc has three months from the deal announcement to hold the shareholders' meeting to seek approval for the deal. Hindustan Zinc and Vedanta did not immediately respond to Reuters requests for comment.

☆ Adani's fall reignites scrutiny of billionaire's close ties with Modi
▼ + stars: | 2023-02-16 | by ( Sumathi Bala | ) www.cnbc.com time to read: +7 min

Ashok Swain Uppsala UniversityHindenburg's report has further sharpened the focus on the billionaire mogul's close ties with Modi. After Modi became prime minister, Adani continued to benefit from the relationship but on a much larger scale, said Swain. In his address to parliament last week, the prime minister seemed unfazed by the opposition's criticism and made no mention of Adani. "And you can never breach this safety shield with the weapons of abuse and lies," he said, as opposition lawmakers chanted "Adani, Adani." "Prime Minister Modi and I are from the same state.

☆ India, soon world's most populous nation, doesn't know how many people it has
▼ + stars: | 2023-02-15 | by ( ) www.cnbc.com time to read: +4 min

Students come out after appearing in the Bihar Board class 10th examination at Bankipur Girl's High School on Feb. 14, 2023 in Patna, India. Santosh Kumar | Hindustan Times | Getty ImagesIn two months, India is projected to become the world's most populous country with over 1.4 billion people. "In the absence of latest census data, the estimations are based on data that is one decade old and is likely to provide estimates that are far from reality," Sharma said. The office of the Registrar General of India, which is responsible for the census, did not respond to a request for comment. Teachers' travailsThe United Nations has projected India's population could touch 1,425,775,850 on April 14, overtaking China on that day.

☆ India's HAL in talks on Tejas fighter jet exports, faces Malaysia setback
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +2 min

He said in Malaysia there had been a "slight setback" amid stiff competition with a Korean rival. "We have not received anything in black and white, but we are hearing that Koreans will get the order," Ananthakrishnan said. HAL is also in talks with the Philippines to sell its light-combat helicopters, he added. HAL is targeting export sales of 25 billion Indian rupees ($302.15 million) over the next few years, its director of operations Jayadeva EP told Reuters. The Tejas has been beset by design and other challenges, and was once rejected by the Indian Navy as too heavy.

BENGALURU, Feb 13 (Reuters) - India wants to more than triple annual defence exports to $5 billion by 2024/25 from $1.5 billion currently as it looks to ramp up domestic manufacturing, Prime Minister Narendra Modi said on Monday while inaugurating the Aero India show. "Today, India is not just a market for defence companies, it is also a potential defence partner," Modi said in his speech at the show. "I call on India's private sector to invest more and more in the country's defence sector." India, for decades one of the world's biggest importers of defence equipment, now exports to 75 countries, he added. India's airlines are also expanding, with Tata Group's Air India expected to announce a potentially record deal to buy nearly 500 jets from Airbus and Boeing, worth more than $100 billion at list prices.

☆ India's largest insurer LIC says it may review stake in Adani after management meeting
▼ + stars: | 2023-02-13 | by ( Sumathi Bala | ) www.cnbc.com time to read: +4 min

watch nowIndia's largest insurer says it "might" review its stake in the embattled Adani Group after meeting with the management. "We propose to speak to them about this ... just to try and understand what's really happening within the organization, within the Adani group." In a further blow, global index provider MSCI last week said it will cut the weightings of some Adani Group businesses, including flagship firm Adani Enterprises. Still, the LIC chairman said the national insurer isn't too concerned about the conglomerate's high debt levels or the recent volatility in Adani's share price. Adani falloutThe Adani fallout has raised concerns about the group's exposure to India's leading banks and insurers.

☆ Is the iPhone's 'Made in India' era beginning as Apple breaks with China?
▼ + stars: | 2023-02-10 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

Minister of Commerce and Industry Piyush Goyal said Apple was already making between 5% and 7% of its products in India. His comments come at a time when Foxconn (HNHPF), a top Apple supplier, is looking to expand its operations in India after suffering severe supply disruptions in China. For years, Apple had relied on a vast manufacturing network in China to mass produce iPhones, iPads and other popular products. China headaches mountBut the world’s most valuable company posted shockingly weak earnings this month, partly because of its recent problems in China. According to Counterpoint’s Pathak, India accounts for 16% of the global smartphone production, while China constitutes 70%.

☆ India's stock market crisis isn't just the Adani Group's problem — it's a political issue for Prime Minister Modi too
▼ + stars: | 2023-02-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Indian tycoon Gautam Adani's companies have lost over $110 billion in market value since a US short seller attack in January. Even Modi has been dragged into the kerfuffle — since both he and Adani are from the western Indian state of Gujarat. The prime minister's political opponents say that the leader favors Adani — a claim the Modi government has rejected, per Reuters. "The Hindenburg scandal is the perfect weapon for the Indian political opposition against PM Modi. On its part, the Adani Group has been troubleshooting hard.

☆ Adani vs Hindenburg: India’s top businessman faces biggest test
▼ + stars: | 2023-01-31 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

So, how did a relatively young and small New York financial research firm manage to bring the Adani juggernaut to a juddering halt? Much of his fortune is tied up in the sprawling Adani Group, which he founded over 30 years ago. This is not the first time analysts have expressed fear that the rapid expansion of Adani businesses comes with huge risk. In its response, Adani Group said that the “leverage ratios” of its companies “continue to be healthy and are in line with the industry benchmarks in the respective sectors. Adani Group “is not going anywhere,” said Rajat Sharma, founder of financial advisory firm Sana Securities.

☆ Adani shares plunge further as it weighs legal action against short seller firm
▼ + stars: | 2023-01-27 | by ( Jihye Lee | ) www.cnbc.com time to read: +3 min

Hindustan Times | Hindustan Times | Getty ImagesShares of Adani Group companies continued to see sharp losses for a second consecutive trading session in India, after short seller firm Hindenburg announced its short position in the conglomerate's firms earlier this week. Adani Transmission fell 19.47%, Adani Green Energy shed 19.89% and Adani Power lost 5%. Adani Port's share price also dropped 13.8%. Billionaire investor and CEO of Pershing Square Capital Management, Bill Ackman, voiced his support for the short seller firm in a tweet posted shortly before India's market open. "I found the Hindenburg report highly credible and extremely well researched," he wrote, adding that Adani Group's response "speaks volumes."

"If prices keep increasing, rural consumers will move towards smaller pack sizes since there's a strain on wallets," said Alok Shah, a consumer analyst at India's Ambit Capital. Shah said poorer rural consumers could move to cheaper locally-made products instead of those produced by Unilever. HUL, the biggest consumer company in India by sales, said last January that demand in rural India - where average incomes are lower than urban areas - had begun to slow as prices rose. Unilever did not respond to questions on how much of its revenues come from rural consumers. HUL Chief Executive Sanjiv Mehta said, however, the company had begun seeing signs of a pick up in rural sales as inflation eases and farm incomes rise again.

☆ Big Tech's wipeout sends workers scrambling
▼ + stars: | 2023-01-22 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +6 min

Hi, I'm Matt Turner, the editor in chief of business at Insider. Up first: I just returned to New York after a few days in Davos, Switzerland, for the World Economic Forum. It was intense and informative, packed with meetings with business leaders and government ministers from around the world. Davos, Switzerland Hanna Erasmus and EyeEm/Getty ImagesMore than 1,500 business leaders descended on Davos in the Swiss Alps last week. Saumya Khandelwal/Hindustan Times via Getty ImagesIt was a wipeout at Silicon Valley's tech giants this week.

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