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☆ India's transition toward clean energy is the 'major focus,' says JSW Energy
▼ + stars: | 2024-07-25 | 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's transition toward clean energy is the 'major focus,' says JSW EnergySharad Mahendra, joint managing director and CEO at JSW Energy, discusses the hybrid solution power generator companies have in place.

Persons: Sharad Mahendra Organizations: JSW Energy

☆ India 'clearly has a problem' finding new drivers for economic growth, JPMorgan's Jahangir Aziz says
▼ + stars: | 2024-07-24 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

Tim Graham | Getty ImagesIndia "clearly has a problem" figuring out new drivers for its economic growth even as its economy expands at a fast pace, JPMorgan's Jahangir Aziz said, following the country's union budget. "If you look at India over the last two years post the pandemic, recorded growth has been strong. But if you look at the drivers of growth, it's essentially these two: Public infrastructure and services export," Aziz, chief emerging markets economist at JPM, told CNBC's "Street Signs Asia" on Tuesday. According to estimates by the Ministry of Commerce and Industry, India's services exports will likely hit $30.3 billion in June, compared with $27.8 billion in the same month last year. According to the International Monetary Fund's latest World Economic Outlook, the country's growth is predicted to decline to 6.5% in 2025.

Persons: Tim Graham, JPMorgan's Jahangir Aziz, Aziz, CNBC's, V Anantha Nageswaran, Raghuram Rajan Organizations: Getty, Ministry of Commerce and Industry, Services, Reserve Bank, India's, International Monetary, University of Chicago Booth School, Reserve Bank of India Locations: Tardeo South Mumbai, India

☆ Former India central bank governor discusses problems with budget
▼ + stars: | 2024-07-24 | 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 EmailIndia budget highlights main issues but doesn't devote resources to them: Ex-central bank governorRaghuram Rajan, former Reserve Bank of India governor and professor of finance at the University of Chicago Booth School of Business, discusses the problems in India's budget.

Persons: Raghuram Rajan Organizations: Reserve Bank of India, University of Chicago Booth School of Business

☆ CNBC Daily Open: Tech rebounds, CrowdStrike tumbles, Wiz rejects Google
▼ + stars: | 2024-07-23 | by ( Abid Ali | ) www.cnbc.com time to read: +3 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. Wiz walks awayCloud security startup Wiz rejected a $23 billion acquisition offer from Google, opting instead to pursue an IPO. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.

Persons: Kamala Harris, Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Wiz, Hai Precision Industry —, Hong Organizations: New York Stock Exchange, CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Google, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, CSI, U.S Locations: New York City, U.S, Asia, Pacific, Taiwan

☆ ANZ discusses the headwinds that could affect India's economic growth for financial year 2025
▼ + stars: | 2024-07-23 | 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 EmailANZ discusses the headwinds that could affect India's economic growth for financial year 2025Sanjay Mathur, chief economist at the bank, discusses the country's fiscal policy.

Persons: Sanjay Mathur Organizations: ANZ

☆ Modi's government pledges fiscal prudence in India's post-election budget
▼ + stars: | 2024-07-23 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +4 min

Nirmala Sitharaman, India's finance minister, leaves the ministry to present the budget at the parliament in New Delhi, India, on July 23, 2024. India's finance ministry on Tuesday lowered the country's fiscal deficit target to 4.9% for the financial year ending March 2025, a revision from 5.1% during the pre-election interim budget published back in February. That target will then fall to 4.5% or lower for the financial year ending March 2026, India's Finance Minister Nirmala Sitharaman said during the announcements. "This is imperative for attracting foreign investment and sustaining growth," he said, adding that "unprecedented financial support" from the central bank will make the fiscal deficit target possible. "We will endeavor to maintain strong fiscal support for infrastructure over the next five years, in conjunction with imperatives of other priorities and fiscal consolidation."

Persons: Nirmala Sitharaman, Vipul Bhowar, Narendra Modi's, Sitharaman, Hajra, Anand Rathi, Modi's Organizations: Bloomberg, Getty, India's, Waterfield Advisors, Sitharaman, Narendra Modi's Bharatiya Janata Party, Stock Brokers, CNBC, Modi's Bharatiya Janata Party, Centre, Monitoring, BSE, U.S . Locations: New Delhi, India, Mumbai, Bihar, Andhra Pradesh

☆ India's domestic travel is 'way above' pre-Covid levels: Indian Hotels Company
▼ + stars: | 2024-07-22 | 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's domestic travel is 'way above' pre-Covid levels: Indian Hotels CompanyPuneet Chhatwal, CEO and managing director of Indian Hotels Company, discusses the company's business outlook.

Persons: Chhatwal Organizations: Indian Hotels, Indian Hotels Company

☆ The top-selling US Prime Day products were random house things
▼ + stars: | 2024-07-19 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +3 min

Practical purchases dominated this year's Amazon Prime Day in the US, the 48 hours of mega-discounts that generate billions in sales. Last year, consumer electronics and cosmetics were among the top Prime Day purchases, CNBC reported. Adobe Analytics forecasted before the mega-sale that this year's Prime Day would hit a record $14 billion in sales, breaking 2023's record by 10.5%. And it's too early to know what Amazon shoppers bought around the world: Some countries' Prime Day sales stretch for nearly a week, while India's Prime Day happens later this summer. "It was Christmas in July quite frankly — a bigger day than Black Friday," Brian Olsavsky, Amazon's CFO, told investors after the company's first Prime Day.

Persons: Brian Olsavsky Organizations: Business, CNBC, Amazon, Adobe, Prime, US, Health, Education, Labor, Pensions, Amazon's, US Occupational Safety, Health Administration —

☆ CNBC's Inside India newsletter: How will India spend its billions?
▼ + stars: | 2024-07-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

New Delhi, India – February 01: Finance minister, Nirmala Sitharaman, outside Finance Ministry on the Budget Day, with other members of Finance Ministry in New Delhi on February 01, 2024. (Photo by Hardik Chhabra/ The India Today Group via Getty Images)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. There are high expectations for a "populist" budget since the recent general election results delivered a slimmer than expected win for Modi. The demands from the various members of the fragile alliance could mean the government opens the taps on welfare spending. Bank of America analysts, who are also open to the idea that the deficit may fall, believe it is "refreshing" to see a finance minister "under-promise, over-deliver."

Persons: Nirmala Sitharaman, Hardik Chhabra, Narendra Modi's, Premal Kamdar, Modi, Goldman Sachs, Santanu Sengupta, Sengupta, It's, Goldman, Staples, Adity Suresh, Aastha Gudwani Organizations: Finance, Finance Ministry, India Today, Getty, BJP, Modi, UBS Wealth Management, Bank of America, Reserve Bank of India, UBS, Kamdar, Columbia India Consumer ETF, Hindustan Unilever, Unilever, " Bank of America's, Central Public Sector Enterprises Locations: Delhi, India, New Delhi, Bihar, Hindustan, " Bank of America's India

☆ Nokia shares slide 8% after posting lowest quarterly net sales figure since 2015
▼ + stars: | 2024-07-18 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

BARCELONA, SPAIN - FEBRUARY 26: A logo sits illuminated at the Nokia booth in the Mobile World Congress 2024 on February 26, 2024 in Barcelona, Spain. (Photo by Xavi Torrent/Getty Images)Shares of Finnish telecom firm Nokia tumbled on Thursday after the company reported a 32% drop in second-quarter operating profit on the back of weak demand for its 5G equipment. Earlier in the day, Nokia said its comparable operating profit declined to 423 million euros ($462 million) in the second quarter, down by nearly a third from the 619 million euros posted in the same period of last year. Citing "ongoing market weakness," the company said net sales also eased by 18% to 4.47 billion euros – the lowest level achieved since the fourth quarter of 2015, according to LSEG data. The landscape likewise remains "challenging as operators continue to be cautious" in the mobile networks sector, he warned.

Persons: Xavi Torrent, Pekka Lundmark Organizations: Nokia, Mobile, Xavi Locations: BARCELONA, SPAIN, Barcelona, Spain, Helsinki, London

☆ Temasek aims to invest up to $10 billion in India as China weighs
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: +1 min

Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on Feb. 16, 2022 in Mumbai, India. India accounts for 7% of Temasek's global exposure which it wants to increase further, said Mohit Bhandari, the company's managing director for India investments. "We are bullish in India for the long term," Bhandari said in an interview at Temasek's Mumbai office. Temasek last week said that profits from investments in the United States and India were helping it cushion the impact of underperformance in China. Temasek also said that it is taking a cautious approach to China amid trade tensions.

Persons: Mohit Bhandari, Bhandari Organizations: Temasek Locations: Mumbai, India, Singapore, China, United States, Temasek

☆ CNBC Daily Open: Trump attends RNC, Dow record close, bitcoin 'digital gold
▼ + stars: | 2024-07-16 | by ( Abid Ali | ) www.cnbc.com time to read: +3 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. Dow record highThe Dow Jones Industrial Average closed at an all-time high after former President Donald Trump survived an assassination attempt. Trump lauded at RNCFormer President Donald Trump was cheered and celebrated at the Republican National Convention in Milwaukee, his first appearance since an assassination attempt at a Pennsylvania rally. [PRO] 'Super 8'UBS has updated its "Super 8" list of top Asian tech stocks, seen as alternatives to the US "Magnificent Seven."

Persons: Donald Trump, Russell, Jerome Powell, Trump, JD Vance, Ohio, Elon Musk, Powell, you've, Larry Fink, Fink, bitcoin, CNBC's, Donald Trump's Organizations: CNBC, Dow, Dow Jones, Nasdaq, Treasury, Federal, RNC, Republican National Convention, Sporting, Trump, BlackRock, CSI, Nikkei, UBS Locations: U.S, Milwaukee, Pennsylvania, Asia, Pacific, China, Hong

☆ Gold drifts higher as U.S. rate cut optimism boosts appeal
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: +2 min

A five hundred gram gold bar, left, and a a one kilogram gold bar, produced by Swiss manufacturer Argor Hebaeus SA, in Budapest, Hungary. Gold prices nudged higher on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut, while investors awaited more U.S. economic data for further monetary policy cues. Spot gold rose 0.1% to $2,423.89 per ounce by 0140 GMT. A rate cut in September is now fully priced in by markets, which may keep sentiments in gold prices well-supported in the lead-up," said IG market strategist Yeap Jun Rong. Investors were awaiting U.S. retail sales data due at 1230 GMT on Tuesday and comments from Fed governors Christopher Waller and Adriana Kugler later this week for further direction.

Persons: Jerome Powell, Powell, Yeap Jun Rong, Christopher Waller, Adriana Kugler, Yeap Organizations: Argor Hebaeus SA, Federal, Investors, Reuters Locations: Swiss, Budapest, Hungary

☆ CNBC Pro Talks: From weight loss drugs to AI winners, CIO set to reveal his top stocks
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: +2 min

Weight loss drugs and artificial intelligence have been dominating headlines, with investors betting that stocks in both categories have big potential upside. On Wednesday's Pro Talks , CNBC's Senior Technology Correspondent Arjun Kharpal will ask Tema ETFs' Yuri Khodjamirian how to best invest in these areas and more. Tema ETFs offers actively managed ETFs, with a focus on healthcare and life sciences. Before Tema ETFs, Khodjamirian spent over a decade at Majedie Asset Management, overseeing U.K. and global portfolios. Click here to join CNBC Pro Talks on Wednesday, July 17, at 7 a.m.

Persons: Arjun Kharpal, Yuri Khodjamirian, Eli Lilly, he'll, Khodjamirian Organizations: Tema, Novo Nordisk, pharma, Majedie Asset Management, Income, CNBC, Nvidia, Scotiabank Locations: Tema, —, U.S, U.K, India

☆ World leaders condemn assassination attempt on Trump: 'Tragedy for democracy'
▼ + stars: | 2024-07-15 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

World leaders have joined together to condemn the assassination attempt on former U.S. President Donald Trump over the weekend. Trump was hit in the ear at a campaign rally in Butler, Pennsylvania, on Saturday. Canadian Prime Minister Justin Trudeau said he was "sickened by the shooting" and sent his thoughts to Trump and his fellow Americans. European leaders from G-20 countries such as Germany, France, Italy, extended their concern and best wishes to Trump. Australian Prime Minister Anthony Albanese reiterated the same, and said the campaign event in Pennsylvania was "concerning and confronting."

Persons: Donald Trump, Trump, Thomas Matthew Crooks, Justin Trudeau, Keir Starmer, Emmanuel Macron, Xi Jinping, Fumio Kishida, Narendra Modi, —, Anthony Albanese, Dmitry Peskov, Joe Biden Organizations: Butler, Inc, FBI, Secret Service, Canadian, Japan's, India's, Reuters, Democrats Locations: Butler , Pennsylvania, Germany, France, Italy, Asia, Pennsylvania, Russia, U.S

☆ Inside the Ambani wedding: Details you may have missed, according to a guest who was there all weekend
▼ + stars: | 2024-07-15 | by ( Maria Noyen | ) www.businessinsider.com time to read: +8 min

Unlike the main wedding festivities over the weekend, this event was "just for close family and friends," she said. AdvertisementMukesh Ambani, the Chairman of Reliance Industries, Isha Piramal, Anand Piramal, Nita Ambani, Anant Ambani, Rihanna, Radhika Merchant, Shloka Mehta Ambani and Akash Ambani stand on the stage. Decorations around the Ambani family's residence in Mumbai, India, ahead of the wedding of Anant Ambani on July 12. Priyanka Chopra Jonas and Nick Jonas attend the Ambani wedding on Friday. Kim Kardashian and Khloe Kardashian were among a number of high-profile guests at the Ambani wedding in Mumbai.

Persons: —, Anant Ambani, Radhika Merchant's, Merchant's, I'm, Nita Mukesh Ambani, Mukesh Ambani, Isha Piramal, Anand Piramal, Nita Ambani, Rihanna, Radhika Merchant, Shloka Mehta Ambani, Akash Ambani, Justin Bieber, You'll, They're, Ambani, Bhushan Koyande, Celebrities, Preston Bailey, Anant, Priyanka Chopra Jonas, Nick Jonas, Francis Mascarenhas, everyone's, Kim Kardashian, Khloe Kardashian, Kardashian, Narendra Modi, Luis Fonsi, John Cena, PUNIT PARANJPE, didn't, Law Roach Organizations: Service, Business, sangeet, Reliance Industries, Reuters, Staff, Hindustan Times, Getty Images Merchant, Vogue, Hollywood, Food, India's Locations: Mumbai, India, Bombay

☆ World leaders are rallying behind Donald Trump after he survived an assassination attempt
▼ + stars: | 2024-07-14 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +7 min

Read previewLeaders across the world have come out in support of former President Donald Trump after he survived an assassination attempt at a rally in Pennsylvania on Saturday. AdvertisementIsraeli Prime Minister Benjamin NetanyahuIsrael's Prime Minister, Netanyahu, said that he and his wife were "shocked" by the incident and that they were praying for Trump's recovery. Advertisement"Although we don't yet know exactly what happened, we should all be relieved that former President Trump wasn't seriously hurt," he wrote on X. Indian Prime Minister Narendra ModiIndia's Prime Minister said he was concerned about the attack on his "friend" and strongly condemned the incident. Dutch Prime Minister Dick SchoofSchoof expressed relief that Trump's injuries were seemingly minor and wished him a quick recovery.

Persons: —, Donald Trump, Thomas Matthew Crooks, Crooks, Trump, Joe Biden, Barack Obama, Biden, Donald Trump’s, Jill, Kamala Harris Kamala Harris, Keir Starmer, Benjamin Netanyahu Israel's, Netanyahu, Sara, — Benjamin Netanyahu, בנימין, Justin Trudeau Canada's, Emmanuel Macron Macron, Volodymyr Zelenskyy Ukraine's, Barack Obama Obama, Trump wasn't, Trump wasn’t, … — Barack Obama, Olaf Scholz Olaf Scholz, Narendra Modi, Modi, Giorgia Meloni Meloni, il, degli, durante, pronta, …, Fumio Kishida Japan's Kishida, Shinzo Abe, Anthony Albanese Albanese, Albanese, Dick Schoof Schoof, Viktor Orbán Orbán Organizations: Service, FBI, Business, Secret, Trump, UK, Indian, Narendra Modi India's, Italian, Dutch Locations: Pennsylvania, Bethel Park , Pennsylvania, Canada, France, Israel, Ukraine, America, Germany, dalla Pennsylvania, Mar

☆ Heavy rain could put a dampener on the lavish Ambani wedding, with flight delays and flooded roads in Mumbai
▼ + stars: | 2024-07-12 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

An orange alert for heavy rainfall has been issued in Mumbai for the coming days. The weather warning coincides with the Ambani wedding, featuring a star-studded guest list. Over half the flights arriving in Mumbai on Friday are delayed, and Air India is warning travelers to leave extra time. AdvertisementHeavy rain could put a dampener on the celebrations of Anant Ambani and his wife-to-be, Radhika Merchant at their lavish wedding in Mumbai this weekend. The India Meteorological Department has issued an orange alert for the Maharashtra region, where Mumbai is situated, due to the possibility of heavy to very heavy rainfall over the next five days.

Persons: Ambani, —, Anant Ambani, Radhika Merchant, India's, Mukesh Ambani, Kim Kardashian, John Kerry Organizations: Air, Service, India Meteorological Department, CNBC, Business Locations: Mumbai, Air India, Maharashtra

☆ Ambani's wedding kicks off in India this weekend. Here's who will be at the star-studded event
▼ + stars: | 2024-07-12 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

Anant Ambani fiancée Radhika Merchant pose for a photo on the red carpet during their sangeet ceremony at Jio World Centre in Mumbai. All eyes are on this weekend's mega wedding in India, where the youngest son of Asia's wealthiest man prepares to tie the knot with his long-time sweetheart after months of lavish pre-wedding celebrations. Indian tycoon Mukesh Ambani — the country's richest man and the billionaire chairman of Indian conglomerate Reliance Industries — is throwing a three-day wedding bash for his son that kicks off on Friday. The groom is his 29-year-old son Anant Ambani and 29-year-old Radhika Merchant, the daughter of Viren Merchant, owner of Encore Healthcare. The Ambani family has stayed mum about the star-studded guest list, but multiple media reports have said 16-time Grammy award winner Adele could be one of the main performers.

Persons: Anant Ambani, Radhika Merchant, Mukesh Ambani, Viren Merchant, Ambani, Adele, Drake, Mike Tyson, Kim Kardashian, Ram Nath Kovind, Boris Johnson, Tony Blair, Mark Tucker, Jay Lee, Morgan Stanley's Michael Grimes, Gianni Infantino Organizations: Reliance Industries, Encore Healthcare, Wall Street, CNBC, Business, HSBC Holdings, Samsung Electronics Co, FIFA Locations: Mumbai, India, Hollywood, Bandra

☆ The Ambani wedding is set to happen at the family's Mumbai mansion, Antilia. Take a look at the $1 billion tower.
▼ + stars: | 2024-07-12 | by ( Dan Latu | Steffie Drucker | ) www.businessinsider.com time to read: +1 min

Anant Ambani, a son of the richest man in India, is marrying Radhika Merchant this weekend. The over-the-top festivities will partially held at the family's luxurious Mumbai home, Antilia. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRihanna, Justin Bieber, and Katy Perry have already serenaded Anant Ambani and Radhika Merchant in glittering parties that have captured the world's attention. This story is available exclusively to Business Insider subscribers.

Persons: Anant Ambani, Radhika Merchant, —, Justin Bieber, Katy Perry, Mukesh Ambani, Anant Organizations: Service, Business Locations: India, Mumbai

☆ Asia's wedding of the year is seriously annoying locals in Mumbai
▼ + stars: | 2024-07-12 | by ( Shubhangi Goel | Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Asia's richest man is hosting a lavish wedding in Mumbai for his youngest son this weekend. Mumbai is already plagued by traffic and faces added congestion from the three-day wedding affair. AdvertisementAsia's richest man is throwing a massive wedding for his youngest son in Mumbai this weekend. Anant Ambani, son of Mukesh Ambani, is set to wed Radhika Merchant in a lavish affair. This story is available exclusively to Business Insider subscribers.

Persons: —, Anant Ambani, Mukesh Ambani, Radhika Merchant, It's, Sonam Srivastava, Srivastava, Bill Gates, Mark Zuckerberg, Ivanka Trump Organizations: Service, Business, Mumbai Traffic Police, Wright Research, Convention, Immigration Locations: Mumbai, Bandra Kurla, Bandra, Jamnagar

☆ CNBC's Inside India newsletter: Modi in Moscow. What’s new?
▼ + stars: | 2024-07-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Russia's President Vladimir Putin and Indian Prime Minister Narendra Modi take a walk during an informal meeting at the Novo-Ogaryovo state residence, outside Moscow, on July 8, 2024. Indian Prime Minister Narendra Modi and Russian President Vladimir Putin sat down for tea at a country retreat outside Moscow earlier this week. Russia has also supplied India with nuclear fuel since the 1990s and lately has also been helping build nuclear reactors. Consumer inflation in India is high and volatile, which hurt Modi's election performance last month, and the prime minister is doing his best to keep prices down for his citizens. Far from a strategic relationship, India is buying goods from the cheapest supplier.

Persons: Vladimir Putin, Narendra Modi, Gavriil GRIGOROV, GAVRIIL, defund, Modi, Putin Organizations: Indian, Getty, Washington , D.C, NATO Locations: Moscow, Russian, Washington ,, United States, India, Russia, U.S, Ukraine

☆ In a boost for Toyota, Indian state cuts levies on hybrid cars
▼ + stars: | 2024-07-11 | by ( ) www.cnbc.com time to read: +1 min

A move by India's Uttar Pradesh state to waive some levies on hybrid cars will make them 10% cheaper, delivering Japan's Toyota Motor a big win in lobbying efforts and raising industry and analyst expectations that other states could follow suit. Just as it does with electric cars, the government of India's most populous state will also waive the registration tax on some hybrid car sales, it said in a July 5 notification. Hybrid cars offer fuel savings as they operate on both electric motors and combustion engines. "This is a sizeable incentive provided by a state for hybrid cars. Uttar Pradesh accounts for 10% of India's total car sales.

Persons: Maruti Suzuki, Morgan Stanley, Nomura Organizations: Toyota Motor Corp, Toyota, Maruti Locations: Georgetown , Kentucky, U.S, Uttar Pradesh, India's

☆ Market focuses on how India tackles the 'impossible trinity' in the upcoming budget: Kotak AMC
▼ + stars: | 2024-07-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket focuses on how India tackles the 'impossible trinity' in the upcoming budget: Kotak AMCNilesh Shah of Kotak AMC says investing for infrastructure, fiscal prudence and support for the bottom end of the social pyramid are key issues for India budget 2024. He also highlights huge opportunities in India's debt market.

Persons: Shah Organizations: AMC, Kotak AMC Locations: India

☆ The West's attempts at isolating Russia just took another big blow
▼ + stars: | 2024-07-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewIndian Prime Minister Narendra Modi made Russia the destination of his first bilateral visit after securing a historic third term in office. On Monday, the US State Department said it has raised concerns with New Delhi about India's relationship with Russia. AdvertisementModi's advances toward Putin come less than two months after the usually reserved Chinese leader Xi Jinping hugged Putin not once, but twice — dealing another blow to the West's isolation of Russia. India imported about $60 billion of goods a year from Russia in the last fiscal year. "Due to Russia's close ties with China, India can turn to Russia to help defuse crises when bilateral geopolitical tensions flare up between India and China," he added.

Persons: —, Narendra Modi, Vladimir Putin, Volodymyr Zelenskyy, Putin, Xi Jinping, Xi, Modi, Rajiv Biswas, who's, Biswas, Vinay Kwatra Organizations: Service, NATO, Washington DC, Business, US State Department Locations: Russia, Ukrainian, Washington, Moscow, New Delhi, India, China

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