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☆ Elon Musk’s dozens of meetings with presidents, prime ministers and political candidates show his growing political influence
▼ + stars: | 2024-10-25 | by ( Clare Duffy | Way Mullery | ) edition.cnn.com time to read: +9 min

New York CNN —Over the past three years, Elon Musk has met dozens of times with presidents, prime ministers, lawmakers, government officials and political candidates from around the world. Other meetings, such as a recent conversation with Argentine President Javier Milei, the world only glimpses through the billionaire’s social media posts. Recently, Musk’s political activism has begun to have a tangible impact on his companies: Brands pulled their advertisements from X, tanking its value. CNN’s analysis also suggests that Musk has, in particular, worked to develop influence among a set of right-leaning world leaders, including Modi, Bolsonaro, Milei and Italian Prime Minister Giorgia Meloni. Now, as he campaigns for Trump, Musk may be setting himself up for his most prominent political role yet: a position in a possible future Trump White House.

Persons: Elon Musk, Benjamin Netanyahu, Javier Milei, Musk, Vladimir Putin, Dmitry Peskov, ”, Ron DeSantis, Robert F, Kennedy, Jr, Donald Trump, Kamala Harris, “ He’s, he’s, James Lewis, it’s, Tesla, “, ” Lewis, “ They’re, Jair, Andrés Manuel López Obrador, Li Qiang, Emmanuel Macron, Recep Tayyip Erdogan, Narendra Modi, William Klepper, you’ve, ” Musk, Modi, Giorgia Meloni, India’s Modi Organizations: New, New York CNN, Argentine, CNN, Wall Street Journal, Putin, Gov, Trump, Center for Strategic, International Studies, Indian, Columbia Business School, Brands, SpaceX, Italian, Elon, Trump White House, Department of Government Locations: New York, Israel, South Africa, United States, Brazil, Nuevo Leon, Shanghai, China, Turkish, California, Italy, India, Argentina, ”

☆ Bomb threat hoaxes wreak havoc on India’s travel industry, days ahead of Diwali festival
▼ + stars: | 2024-10-25 | by ( Jessie Yeung | ) edition.cnn.com time to read: +7 min

One airline alone, the budget company IndiGo Airlines, received nearly 30 bomb threats in four days since Sunday, according to statements by the carrier. Bomb threat hoaxes aren’t a new phenomenon in India – several airports received similar threats in April and June this year. Millions of dollars lostEach bomb threat causes a ripple effect of disruptions, costing both airlines and passengers huge amounts of time and money, said Lazar. Authorities follow these steps “word for word” with every single threat, said aviation minister Naidu. “Passengers are going to be scared but those who need to fly will fly … so what’s going to happen if this havoc is created around Diwali?” Lazar said.

Persons: Sanjay Lazar, Hilmi Tunahan, ”, Kinjarapu Ram Mohan Naidu, Lazar, –, There’s, Naidu, “, ” Lazar, Prakash Singh, pranksters, we’ve Organizations: New, New Delhi CNN, IndiGo Airlines, Akasa Airlines, SpiceJet, Alliance Air, India, Air India, Passengers, Vistara Airlines, Getty Images Police, Twitter, Police, Civil Aviation, Authorities, Indira Gandhi International, Bloomberg, Getty, CNN, Ministry of Civil Aviation Locations: New Delhi, New York, Chicago, Singapore, “, India, Turkey, Germany, Erzurum, Anadolu, Mumbai

☆ Biden apologizes to Native Americans for abusive government-funded boarding schools
▼ + stars: | 2024-10-25 | by ( Michael Williams | ) edition.cnn.com time to read: +2 min

CNN —President Joe Biden on Friday formally apologized to Native Americans for what he described as “one of the most horrific chapters in American history,” government-funded boarding schools that abused indigenous children and forced them to assimilate over a 150-year period. Three years ago, Interior Secretary Deb Haaland, the first Native American to serve as a Cabinet secretary, commissioned the Federal Indian Boarding School Initiative to review the schools’ impacts on Native Americans. Their final report, issued this summer, found at least 973 Native American children died while attending these federal boarding schools. It’s the first time he has visited Indian Country as president and the first time in 10 years a sitting president has visited tribal lands. He paused his speech to say that the killing of people in Gaza “has to stop.”CNN’s Arlette Saenz contributed to this report.

Persons: Joe Biden, ” Biden, Deb Haaland, “, ”, ” Biden’s, Barack Obama, Biden, “ we’re, CNN’s Arlette Saenz Organizations: CNN, Federal Indian Boarding School Initiative, “, Gila Crossing Community School, Country, Sioux, Palestine Locations: Laveen , Arizona, American, Gila, Phoenix, Gaza

The Sikh community in Halifax, Canada is rallying around the family of Gursimran Kaur, a 19-year-old Walmart employee who was found dead on Saturday in the store’s walk-in bakery oven. Kaur’s mother, who found the body, is traumatized, advocates said. She was really in great pain,” Halifax Maritime Sikh Society board member Satnam Randhawa told NBC News. “The community has been shocked by the whole incident,” Harjit Seyan, president of the Sikh Society, told Canadian broadcast program Global News. “We are really upset.”Over the last week, the Sikh Society has orchestrated a communitywide show of support.

Persons: Gursimran Kaur, Kaur, Satnam Randhawa, Harjit Seyan, GoFundMe, Randhawa, ” Seyan, ” Organizations: Walmart, Google, Sikh Society, NBC News . Local, Global, Society, NBC News, “ Locations: Halifax, Canada, India, NS

☆ China and India should manage their differences, Xi tells Modi in first formal talks in 5 years
▼ + stars: | 2024-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

India and China, two of the world’s biggest economies, have maintained strong trade ties despite the military and diplomatic tensions. India said the two leaders have directed their officials to take further steps to stabilize all aspects of bilateral ties. Modi put forward ideas for improving and developing bilateral relations, to which Xi agreed in principle, CCTV added without elaborating. Modi and Xi had not held formal bilateral talks since then, although both participated in multilateral events. Their last bilateral summit talks were held in October 2019 in the southern Indian town of Mamallapuram.

Persons: Xi Jinping, Narendra Modi, Modi, Xi, ” Modi, Vikram Misri, ” Organizations: Indian, CCTV, Doordarshan, Mutual, New Locations: Russia, India, China, Kazan, New Delhi, Beijing, Ladakh, Mamallapuram, Bali, Johannesburg

☆ CNBC's Inside India newsletter: A poorly timed IPO?
▼ + stars: | 2024-10-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

Shares of carmaker Hyundai 's Indian subsidiary started trading this week with much anticipation, only to drop by some 7% on its debut. Despite such success, it appears as if the stock market has given Hyundai the cold shoulder this week. First, the money raised by the stock market listing is being fed back to Hyundai's Korean parent. With the listing, the Indian subsidiary now commands nearly half the market capitalization of its Korean parent. However, the Indian subsidiary must now pay a flat 3.5% of total revenue going forward.

Persons: Ashish Vaishnav, Hyundai, it's, Gaurav Narain, Maruti Suzuki, China's, Narain, Kapil Singh, Singh, Ashish Jain, Pratik Organizations: Hyundai, Getty, Investors, Growth Fund, London Stock Exchange, ICG, Federated Hermes Global Emerging Markets Equity Fund, Maruti, Equity, Macquarie Locations: MUMBAI, MAHARASHTRA, INDIA, Mumbai, India, Korea, Hyundai India

☆ Nvidia CEO partners with India to supply chips to tech companies
▼ + stars: | 2024-10-24 | by ( Seema Mody | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia CEO partners with India to supply chips to tech companiesNvidia CEO Jensen Huang, in a fireside chat with Reliance Industries Chairman Mukesh Ambani, discussed why India is poised to build an AI empire. He highlighted the country's potential to export AI innovations rather than Indian workers being displaced by the technology.

Persons: Jensen Huang, Mukesh Ambani Organizations: Reliance Locations: India

☆ Top 10 things to watch in the stock market Thursday, including news on Nvidia, 3 other Club stocks
▼ + stars: | 2024-10-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Top 10 things to watch Thursday, Oct. 24 CNBC's Matthew J. Belvedere with the help of Jeff Marks wrote this dispatch. Tesla shares were jumping 14.5% and leading the Nasdaq toward a higher open after the EV maker beat on quarterly earnings per share (EPS). Club industrial stocks Honeywell and Dover were dropping after issuing quarterly results. Semiconductor equipment maker Lam Research beat on quarterly earnings and revenue and its stock jumped 5%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Matthew J, Jeff Marks, Stocks, Jensen Huang, TSMC, Oppenheimer, Boeing machinists, Gary Kelly, Bob Jordan, EBITDA, Jim Cramer's, Jim Cramer, Jim, Ritzau Scanpix, Mads Claus Rasmussen Organizations: Nasdaq, Elon, Honeywell, Dover, Nvidia, Blackwell, Semiconductor, Lam Research, Boeing, Southwest Airlines, Elliott Investment Management, United Parcel Service, International, Mobile, Jim Cramer's Charitable, CNBC, EIFO, NVIDIA, Vilhelm, Via Reuters Locations: India, Southwest, Kastrup, Denmark

☆ As North Korea, Iran and China support Russia’s war, is a ‘new axis’ emerging?
▼ + stars: | 2024-10-24 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +11 min

The remains of an unidentified missile, which Ukrainian authorities claimed to be made in North Korea, is seen at a site of a Russian strike in Kharkiv, Ukraine on January 2. China, Russia and Iran have also held four joint naval drills since 2019, and China is by far Iran’s largest energy buyer. Beijing also carefully manages its relationship with North Korea – which is almost wholly economically and diplomatically dependent on China. “Russia, North Korea, Iran is the type of grouping that China least wants to openly associate itself with,” said Tong Zhao, a senior fellow at the Carnegie Endowment for International Peace. An Iranian military boat patrols ahead of the start of a joint naval drill of Iran, Russia and China in the Indian Ocean in May.

Persons: They’ve, Lloyd Austin, George W, Bush’s, ”, Kim Jong, Kim, there’s, what’s, Bashar al, Assad, Israel –, Xi Jinping, Putin, Alex Gabuev, Sofiia Gatilova, Xi, Loup, “, Tong Zhao, Zhao, Sydney Seiler Organizations: Hong Kong CNN, Korean, Moscow’s, US, North, West, Carnegie Russia Eurasia Center, China’s, National University of Singapore’s Middle East Institute, Carnegie Endowment, International Peace, Iranian Army, AP, UN, National Defense Strategy, NATO, Center for Strategic, International Studies Locations: Hong Kong, Russia, Ukraine, United States, Tehran, China, Iran, North Korea, Washington, Europe, Pacific, Nazi Germany, Fascist Italy, Imperial Japan, Iraq, South Korea, Pyongyang, Syria, Beijing, Moscow, Berlin, Kharkiv, Kazan, Israel, Jean, South, Taiwan, “ Russia, ”, Iranian, Asia, Australia, Japan, New Zealand, North Asia, Sydney

☆ Investors need to moderate their return expectations for Indian equities: Dhiraj Relli
▼ + stars: | 2024-10-24 | 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 EmailInvestors need to moderate their return expectations for Indian equities: Dhiraj RelliDhiraj Relli of HDFC Securities discusses the current valuation levels of the Indian markets and says that local debt is an interesting asset class to consider.

Organizations: HDFC Securities

Amid the flurry of partnerships announced on the occasion was a deal between Reliance and Nvidia to build AI infrastructure in India. Nvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model, as the American chip company looks to ramp up business in one of the world's biggest technology markets. Nvidia also announced Nemotron-4-Mini-Hindi 4B — a small language model in Hindi, the widest-spoken of India's multitude of languages. Companies running Nvidia hardware can deploy this language model, while Indian IT consultancy Tech Mahindra is using Nvidia's model to launch its own Hindi AI model, Project Indus 2.0. "India is very, very dear to the world's computer industry, central to the IT industry," Huang said.

Persons: Huang, Jensen Huang, Akshay Kumar, Mukesh Ambani, Narendra Modi, Modi, Neil Shah, Shah Organizations: Reliance, Nvidia, Yotta, Tata Communications, Reliance Industries, Companies, Indian, Tech Mahindra, Infosys, Wipro, TCS, Reliance Jio, Ambani's Reliance Industries, Counterpoint Research, CNBC Locations: India, Mumbai, American

☆ Biden expected to apologize for federal government’s role in Indian boarding schools
▼ + stars: | 2024-10-24 | by ( Arlette Saenz | ) edition.cnn.com time to read: +5 min

CNN —President Joe Biden is expected to issue an apology to the Native American community for the federal government’s role in the abusive Indian boarding schools that forced Native American children to assimilate over a 150-year period, two sources familiar with the plans said. “The federally-run Indian boarding school system was designed to assimilate Native Americans by destroying Native culture, language and identity through harsh militaristic and assimilationist methods,” the White House said Thursday. In 2021, Interior Secretary Deb Haaland, the first Native American to serve as a Cabinet secretary, commissioned the Federal Indian Boarding School Initiative to review the impact of the federal boarding school policies. The department issued a final report this summer confirming at least 973 Native American children died while attending these federal boarding schools. At least 18,000 children were taken from their families and forced to attend more than 400 Indian boarding schools across 37 states or then-territories between 1819 and 1969.

Persons: Joe Biden, “, ” Biden, Biden, Deb Haaland, –, ” Haaland, Harris, Stephen Lewis, ” Lewis, Lewis, Whitney Gravelle, Rodney Butler, Gena Kakkak, Jill Biden, Kamala Harris ’, Donald Trump Organizations: CNN, Indian Nations, Gila Crossing Community School, Washington Post, Federal Indian Boarding School Initiative, Department, Biden, Bay Mills Indian Community, Pequot Tribal, Air Force, White, American, Plan Locations: Gila, Phoenix, Indian, American, Bay Mills, Menominee, Arizona

☆ Lonely Planet’s top places to go in 2025
▼ + stars: | 2024-10-23 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

CNN —Grab your passport and your sunscreen, Lonely Planet has just revealed its 30 must-visit destinations for 2025 as well as a brand-new rundown of top 10 travel trends. Cameroon, Lithuania and Fiji got nods as country destinations and Chiriqui in Panama and Valais in Switzerland were classed as regions with rizz. For cities, “number one on the list this year is Toulouse, France,” Nitya Chambers, Lonely Planet’s SVP, content and executive editor, tells CNN. Train-hopping is the top travel trend identified by Lonely Planet in this 15th edition of its best-selling “Best in Travel” book. Christopher Horsley/Getty ImagesLocal flavors and outdoor adventureThe northern Thai city of Chiang Mai weaves into Lonely Planet’s local flavors travel trend.

Persons: ” Nitya Chambers, It’s, Chambers, ”, Christopher Horsley, Chiang Mai, “, rawness, it’s, –, Justin Foulkes, Bulgaria Chiang Mai Organizations: CNN, Lonely Planet’s, Lonely, Getty, Sustainable Development, ”, Regions, Cities, Brazil Palma de Mallorca, Cameroon Lithuania Fiji Laos Kazakhstan Paraguay Trinidad & Tobago Vanuatu Slovakia Armenia Regions Low, Coastal Locations: Bansko, Bulgaria, Osaka, Japan, Edmonton, Canada, Cameroon, Lithuania, Fiji, Chiriqui, Panama, Valais, Switzerland, Toulouse, France, Puducherry, Pondicherry, Chennai, Vanuatu, Ambrym, Christopher, Thai, Pacific Islands, England, East Anglia, Turkey, Giresun, Coastal Georgia, Cities Toulouse, France Pondicherry, India Bansko, Thailand Genoa, Italy Pittsburgh, USA Osaka, Japan Curitiba, Brazil, Spain Edmonton, Cameroon Lithuania Fiji Laos Kazakhstan Paraguay Trinidad & Tobago Vanuatu Slovakia, Nepal Chiriqui, Panama Launceston, Valley, Australia Valais, Turkiye Bavaria, Germany, Anglia, Hood, Columbia, Oregon

Navarro and Ji-Zhang are among the more than 3.5 million citizens naturalized since 2020 who have become eligible to vote. They join more than 23 million naturalized citizens who were eligible voters in the last presidential election. Though overall turnout among naturalized voters has been lower than among U.S.-born voters, participation rates of naturalized Latino and Asian American voters have been higher than those who are U.S.-born, according to Pew Research. One in 10 eligible voters in the U.S. are naturalized citizens, most of whom are Hispanic or Asian American, according to the Pew Research Center. The top countries of origin for naturalized citizens in the U.S. are Mexico, India and China.

Persons: Roselia Navarro, Halley Ji, Zhang of, it’s, Navarro, Ji, Zhang, ”, she's, what's, Wisconsinites, Sen, Julian Bradley, noncitizens, Nancy Flores, you’re, Avi McCullah, “, Brad Overcash, ” Ji, Saiesh Srivastava, Srivastava Organizations: noncitizens, American Immigration Council, Asian American, Pew Research, Republican, United, Wisconsin . Wisconsin Republican, D.C, Citizen, Democracy Research, University of Wisconsin Law School, National Partnership, New, North, American Civil Liberties Union, ACLU, Brennan, Cato Institute, Heritage Foundation, Pew Research Center, U.S Locations: U.S, Roselia Navarro of Wisconsin, Zhang of North Carolina, Mexico, Wisconsin, North Carolina, United States, Wisconsin . Wisconsin, Washington, That’s, India, China

☆ India says it has reached deal with China to resolve border conflict
▼ + stars: | 2024-10-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

NEW DELHI, India — India and China have reached a deal on patrolling their disputed frontier to end a four-year military stand-off, the Indian foreign minister said Monday, paving the way for improved political and business ties between the Asian giants. India’s tougher vetting of all Chinese investment after the clashes effectively turned away billions of dollars from the likes of carmakers BYD and Great Wall Motor, and added more red tape in Indian companies’ interactions with Chinese stakeholders. However, Indian imports from China have surged 56% since the 2020 border clash, nearly doubling New Delhi’s trade deficit with Beijing to $85 billion. China remains India’s biggest source of goods and was its largest supplier of industrial products last year. Asked about the impact of Monday’s pact on trade with and investment from China, Jaishankar said: “It has just happened.

Persons: Narendra Modi’s, Xi Jinping, Subrahmanyam Jaishankar, ”, Modi, Xi, Deependra Singh Hooda, carmakers BYD, Jaishankar Organizations: Indian, NDTV, ” Authorities Locations: DELHI, India, China, Russia, Ladakh, Beijing, New Delhi

More than 90 flights from Indian airports have received bomb threats in just over a week, including about 50 on Saturday and Sunday alone, according to local media reports. Bomb threats against airlines are taken especially seriously in India, which was rattled by a series of bombings and hijackings from the 1970s to 1990s. Two days later, the British air force dispatched a fighter jet to intercept an Air India Boeing 777 en route to London. Air India said it would consider legal action against those responsible and was cooperating with the authorities to identify the perpetrators. Police in Mumbai have arrested one person on suspicion of posting bomb threats against at least three flights, Kinjarapu said Wednesday in a post on X.

Persons: Kinjarapu Ram Mohan Naidu, Kinjarapu, Ripudaman Singh Malik, ”, Sidharath Kapur, “, Kapur Organizations: Authorities, Indian Airlines, Air India, Airlines, ”, Air, Air India Express, Air India Boeing, London ., Police Locations: DELHI, India, United States, Kathmandu, Nepal, Delhi, Afghanistan, Toronto, New Delhi, ” Air India, Air India, New York, Mumbai, London, Chicago, Iqaluit

☆ Hyundai Motor India's shares set to start trading after the country's largest IPO
▼ + stars: | 2024-10-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

MUMBAI, MAHARASHTRA, INDIA - Hyundai cars seen parked outside the Hyundai showroom in Mumbai. Hyundai Motor India was set to start trading Tuesday in the country's two major stock markets after a $3.3 billion initial public offering, the country's largest-ever by amount raised. Unlike a traditional IPO, in which a firm sells fresh shares, Hyundai Motor India's listing is an offer for sale, where its parent Hyundai Motor Company sold its shares. The lead bookrunners of Hyundai India's IPO were Kotak Mahindra Capital, Citigroup Global Markets India, HSBC Securities and Capital Markets (India), J.P. Morgan India and Morgan Stanley India. There is amazing fundamentals in equity markets with supportive policies from SEBI [Securities and Exchange Board of India], retail participation and broad-based opportunities," he added.

Persons: Morgan India, Morgan Stanley, Neil Bahal, Amala Balakrishner Organizations: Hyundai, India, South Korean, Hyundai Motor Company, Kotak Mahindra Capital, Citigroup Global Markets, HSBC Securities, Capital Markets, CNBC, Negen, Securities, Exchange Board Locations: MUMBAI, MAHARASHTRA, INDIA, Mumbai, South Korea, New Delhi, Citigroup Global Markets India, India, Morgan Stanley India, SEBI

☆ CNBC Daily Open: High interest rate worries pressure stocks
▼ + stars: | 2024-10-22 | by ( Yeo Boon Ping | ) 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. Shares of Hyundai Motor India fallHyundai Motor India shares retreated more than 5% on Tuesday – their trading debut – according to BSE data. Hyundai Motor India is a wholly owned Indian subsidiary of South Korean automaker Hyundai. New bullish phase for goldGold prices hit a record high of $2,700 per ounce on Monday, and are continuing their ascent Tuesday.

Persons: Australia's, Paul Wong Organizations: CNBC, Nasdaq, Dow Jones, Treasury, Hyundai Motor India, Hyundai, South, Reuters, Sprott Asset Management, Citi, U.S ., Scotiabank, Canadian Locations: Asia, Pacific, India, Reuters ., China, U.S

☆ The vulnerable GOP congressman convinced that economic interest voters will save him from the Trump and abortion backlash
▼ + stars: | 2024-10-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +19 min

He sat down with BI to talk about the race, the national debt, abortion, and the state of his party. In an era where college-educated voters have been bleeding out of the GOP, Schweikert is increasingly an outlier, and he knows it. In order to keep looking like his district, Schweikert — a one-time conservative rabble-rouser who rode his way into Congress during the 2010 Tea Party wave — has had to make some changes. But now that Schweikert's sharing the ballot with Trump, he's not sweating that either. But while Democrats are hoping the state-level vote will boost turnout on their side and remind voters of Republicans' opposition to abortion, Schweikert sees it differently.

Persons: David Schweikert, —, Republican who's, Donald Trump, Schweikert, Arizona's, Joe Biden, Katie Hobbs, Sen, Mark Kelly, Jevin Hodge, Jon Sutton, It's, I've, who's, he's, Shah, rouser, There's, Schweikert's, Tim Scott of, He's, Bryan Metzger Schweikert, Kari Lake, David Schweikert Decries, Trump, mailer, Sutton, JD Vance, Ohio, Matthew, Tom Williams, that's, Shah eked, Krysten, they're, Shah outraised, Bryan Metzger There's, Roe, Wade, Frederic J . Brown, Kamala Harris, Nikki Haley, Arizona's Haley, Harris Organizations: GOP, Service, Republican, Republicans, Democratic, Caucus, Trump, Capitol, YouTube, Forbes, Social Security, Medicare, Committee, Insurance Trust Fund, Federal, Commission, Electoral, FBI, Federal Aviation Administration Reauthorization, COVID, Mayo Clinic, Getty, United Nations Locations: Arizona, Scottsdale, Congress, America ., Phoenix, an Arizona, It's, Schweikert, Tim Scott of South Carolina, Springfield, America, AFP, Maricopa County, Schweikert's district, North Scottsdale

☆ India will apply its technological capability to other markets: Fintech executive
▼ + stars: | 2024-10-22 | 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 will apply its technological capability to other markets: Fintech executiveJames Lloyd, Senior Director, International at Juspay, explains his bullish view of the Indian fintech market, and why he believes there will be more outbound activity in the technology industry.

Persons: James Lloyd

☆ India and China have struck a deal that could ease tension along its disputed border
▼ + stars: | 2024-10-22 | by ( Simone Mccarthy | Aishwarya S Iyer | ) edition.cnn.com time to read: +5 min

CNN —India and China have reached an agreement on military disengagement along their disputed border, New Delhi said, a step toward reducing frictions between the nuclear-armed neighbors that comes as both countries’ leaders arrive in Russia for a summit. Both foreign ministries declined to comment on whether the two leaders would hold formal one-on-one talks in Kazan. ‘A positive development’The violence in 2020 was followed by a process of disengagement and border talks, but friction points have remained, including areas where both sides previously patrolled but have since become so-called buffer zones. However, even with that restoration, there are other steps that would need to be taken in a long process along the disputed border. “There are many other issues of de-induction and de-mobilization of troops on both sides; infrastructure that has been built, etc.

Persons: Subrahmanyam Jaishankar, Xi Jinping, Narendra Modi, Aksai Chin, Modi, ”, ” Jaishankar, Lin Jian, Beijing “, It’s, Manoj Kewalramani Organizations: CNN, Indian, People’s Liberation Army, PLA, India’s Ministry of Defense, NDTV, India’s, Affairs, Foreign Ministry, Takshashila Locations: India, China, New Delhi, Russia, Beijing, Kazan, Ladakh, Johannesburg, Indian, Bangalore

☆ India, China reach pact to resolve border conflict, Indian foreign minister says
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: +3 min

India and China have reached a deal on patrolling their disputed frontier to end a four-year military stand-off, the Indian foreign minister said on Monday, paving the way for improved political and business ties between the Asian giants. Estherpoon | Istock | Getty ImagesIndia and China have reached a deal on patrolling their disputed frontier to end a four-year military stand-off, the Indian foreign minister said on Monday, paving the way for improved political and business ties between the Asian giants. To avoid clashes, the two militaries will patrol contested points along the border according to an agreed schedule, a senior Indian military officer aware of the details told Reuters. Both sides will monitor the area in Ladakh to ensure that there are no violations, the officer added. Monthly review meetings and regular monitoring of the contested areas by both sides would ensure there are no violations, he added.

Persons: Narendra Modi's, Xi Jinping, Subrahmanyam Jaishankar, Modi, Xi, Deependra Singh Hooda Organizations: Istock, Getty Images, Indian, NDTV, Authorities Locations: India, China, Getty Images India, Russia, Ladakh, Indian, Beijing, New Delhi

☆ Hyundai India’s shares fall 2% in debut trade after record IPO
▼ + stars: | 2024-10-22 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —Hyundai Motor India’s shares fell 2% in their market debut on Tuesday, after a tepid response from retail investors to the country’s largest ever initial public offering. The stock listed at 1,934 rupees ($23) on India’s National Stock Exchange, compared to its issue price of 1,960 rupees ($23.31), and was last trading down 2% at 1,920 rupees ($22.84) at 0431 GMT (12:31 a.m. Hyundai is India’s No. Its record $3.3 billion IPO was oversubscribed more than two-fold last week, led largely by institutional investors, but pricing concerns deterred retail participation. The issue had valued Hyundai at 26 times its fiscal 2024 earnings, not far off the 29 times multiple for market leader Maruti.

Persons: Maruti Suzuki’s Organizations: Reuters — Hyundai, National Stock Exchange, Hyundai, Hyundai India, Life Insurance Corporation, Maruti Locations: Mumbai, South Korea, India, China, United States

☆ The hottest trend in executive leadership: Bringing back the White Guy
▼ + stars: | 2024-10-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Listen up, corporate boards: If you’re looking for the biggest trend in leadership this fall, look no further. Corporate America’s hottest CEO pick is a classic model — the Middle Aged White Guy. Just 52 businesses in the 2024 Fortune 500 ranking were run by women, holding flat from the year before. Obviously, White Guy CEO never went out of fashion — women have rarely represented more than 10% of Fortune 500 companies. But a rash of recent leadership shakeups illustrates the enduring power of the White Guy as a kind of capsule wardrobe for corporate leadership.

Persons: CNN Business ’, Guy, White Guy, Karen Lynch, David Joyner, Lynch, Laxman Narasimhan, Brian Niccol, Mellody Hobson, UnderArmour, Stephanie Linnartz, Kevin Plank, Disney’s Bob Iger, Disney, Morgan Stanley, James Gorman, that’s Iger, Gorman, Nathaniel Meyersohn Organizations: CNN Business, New York CNN, Corporate, Fortune, CVS, America, Indian, McKinsey Locations: New York, Niccol

Karnal, India CNN —The sun blisters the arid ground in Karnal, a district in India’s northern Haryana state, where empty houses stand testament to an acute problem that’s driving some residents to take unimaginable risks. Ankit Chaudhary says he paid an agent to help him take the 'donkey route' into the US but lost his money. His account matched that of another smuggling agent CNN spoke to in Haryana. But even if Trump wins the November election, smugglers CNN spoke to in India predict an eventual revival of the “donkey” route. “In my opinion the donkey route will never completely stop,” said the first agent.

Persons: ”, Ankit Chaudhary, ” Chaudhary, Narendra Modi, “ Viskit, ” Modi, “, Bharat, Chaudhary, Rajeev Kumar, Malkeet, ” Kumar, Young, Muzaffar Chishti, ” Chishti, ” Ankush Malik, Malik, They’ve, Chishti, ‘, ’, Frederic J . Brown, CNN's Ivan Watson he's, Trump, we’re, ” Trump, Kamala Harris, Gary Coronado, ’ Kumar, Kumar Organizations: India CNN, USA, CNN, US, Pew, India’s Ministry of Labour, Employment, Panama City, International Labour Organization, Migration, Institute, Biden, YouTube, Customs, Border Protection, Justice Department, Biden Administration, Border Patrol, Migrants, Getty, White, Democratic, Trump, Immigrants, Border, Los Angeles Times, El Locations: Karnal, India, India’s, Haryana, United States, Latin America, Mexico, El Salvador, Mator, Kaithal, New Delhi, Dubai, Almaty, Kazakhstan, Turkey, Istanbul, Panama, San Salvador, Guatemala, New York, Qatar, Amsterdam, Springs , California, AFP, San Diego, South Asia, September’s

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