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☆ India's Essar Group is debt-free after repaying $25 bln
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, Nov 21 (Reuters) - India's Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said on Monday. Essar, built by brothers Shashi and Ravi Ruia, has sold some of its assets in sectors such as telecom, oil refining and steel over the years to settle its $25 billion debt. "Essar has concluded its asset monetisation programme and completed the debt repayment of $25 billion effectively making the group debt-free from Indian banks and financial institutions," Prashant Ruia, director, Essar Capital, said in a statement. AM/NS, which agreed to buy some infrastructure assets from Essar group for $2.4 billion, in a statement said that the ports and the power plant are captive to its India's operations and are expected to generate operation synergies for the company. Acquisition of these assets will help move raw materials and finished goods between the company's manufacturing facilities in western, eastern and southern India.

☆ India Successfully Test Launches Its First Privately Developed Rocket
▼ + stars: | 2022-11-18 | by ( Shan Li | Vibhuti Agarwal | ) www.wsj.com time to read: 1 min

The Vikram-S rocket blasted off at around 11:30 a.m. local time from the Sriharikota spaceport, reaching an altitude of 55.6 miles. India tested its first privately developed rocket on Friday with a successful suborbital launch that marks a step forward in the country’s push to develop a commercial space industry. The Vikram-S rocket, which was developed by the startup Skyroot Aerospace, blasted off at around 11:30 a.m. local time from the Sriharikota spaceport off the southern Indian state of Andhra Pradesh. It reached an altitude of 89.5 kilometers (55.6 miles), with all of the rocket’s systems working as planned, the company said.

Foxconn, formally called Hon Hai Precision Industry Co Ltd, opened the India plant in 2019 and has been ramping up production. Foxconn has shared its plans with Tamil Nadu officials about accelerating its hiring efforts at the Indian plant due to disruptions in China, said the first government source. "We are gradually increasing our production scale there," the person said, declining to give details on its hiring plans in India. The second government source in India, a senior official in the Tamil Nadu administration, said the state government was working with Foxconn in "finalising" the expansion. Currently, iPhones are assembled in India by at least three of Apple's global suppliers: Foxconn and Pegatron (4938.TW) in Tamil Nadu; and Wistron (3231.TW) in nearby Karnataka state.

☆ India's main opposition stages rally to mark 1,000 km of its protest march
▼ + stars: | 2022-10-15 | by ( Manoj Kumar | ) www.reuters.com time to read: +2 min

BALLARI,India, Oct 15 (Reuters) - India's main opposition Congress party held a huge public rally in the southern Indian state of Karnataka on Saturday, accusing the government of not doing enough to contain inflation and create promised jobs for young people. Tens of thousands of people came to the public meeting, organised to mark 1,000 km (620 miles) of the party's five-month-long protest march named Bharat Jodo Yatra or Unite India rally. Register now for FREE unlimited access to Reuters.com Register"The Prime Minister used to complain an LPG (cooking gas) cylinder cost 400 rupees. "I hope the Congress can still come back, at least in the state of Karnataka," he said, referring to elections next year. Register now for FREE unlimited access to Reuters.com RegisterReporting by Manoj Kumar; editing by Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

☆ Apple will manufacture iPhone 14 in India
▼ + stars: | 2022-09-26 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

NEW DELHI — Apple will make its iPhone 14 in India, the company said on Monday, as manufacturers shift production from China amid geopolitical tensions and pandemic restrictions that have disrupted supply chains for many industries. “The new iPhone 14 lineup introduces groundbreaking new technologies and important safety capabilities. We’re excited to be manufacturing iPhone 14 in India,” Apple said in a statement. India is the world’s second-largest smartphone market after China but Apple iPhone sales have struggled to capture a large share of the market against cheaper smartphones from competitors. Apple is likely to shift about 5% of its iPhone 14 production to India from later this year, raising it to 25% by 2025, according to a JP Morgan report quoted by the Press Trust of India news agency.

☆ Judge blocks Indiana abortion ban week after it took effect
▼ + stars: | 2022-09-22 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

INDIANAPOLIS — An Indiana judge on Thursday blocked the state’s abortion ban from being enforced, putting the new law on hold as abortion clinic operators argue that it violates the state constitution. Owen County Judge Kelsey Hanlon issued a preliminary injunction against the ban that took effect one week ago. The ban, which includes limited exceptions, replaced Indiana laws that generally prohibited abortions after the 20th week of pregnancy and tightly restricted them after the 13th week. The Indiana abortion ban includes exceptions allowing abortions in cases of rape and incest, before 10 weeks post-fertilization; to protect the life and physical health of the mother; and if a fetus is diagnosed with a lethal anomaly. The new law also prohibited abortion clinics from providing any abortion care, leaving such services solely to hospitals or outpatient surgical centers owned by hospitals.

☆ Man convicted of shooting 2 Indiana judges in street dispute outside White Castle
▼ + stars: | 2022-09-22 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

INDIANAPOLIS — A man who shot and wounded two southern Indiana judges outside an Indianapolis fast food restaurant in 2019 was convicted Wednesday on seven of eight felonies and one misdemeanor after a three-day trial. A jury convicted Brandon Kaiser of aggravated battery, multiple battery-related charges and carrying a handgun without a license. Clark County Circuit judges Brad Jacobs and Andrew Adams were shot during the early morning hours of May 1, 2019 in the parking lot of a downtown White Castle restaurant. The Indiana Commission of Judicial Qualifications filed disciplinary charges against the three judges involved. Jacobs and Bell were reinstated to the bench in December of that year after serving 30-day suspensions.

☆ Opinion: The tyranny of Idi Amin -- and limits of a British welcome
▼ + stars: | 2022-09-18 | by ( Opinion Lucy Fulford | Lucy Fulford | ) edition.cnn.com time to read: +9 min

She is the author of a forthcoming book, "The Exiled: Empire, Immigration and How Ugandan Asians Changed Britain." In early August 1972, Uganda's brutal military dictator Idi Amin ordered the expulsion of the country's entire Asian population -- including my grandparents. And a British welcomeBut when Amin gave his expulsion order, the British government didn't leap into action. Prince Philip meets Ugandan Asians at a British reception center in Kent, November 1972. Lucy FulfordFormer Prime Minister David Cameron has referred to Ugandan Asians as "one of the most successful groups of immigrants anywhere in the history of the world," a legacy many British Ugandan Asians are rightly proud of.

☆ Child labor, malnutrition, and education restrictions have put the future of Afghanistan's youth in peril: 'This is not the right moment to forget the people of Afghanistan'
▼ + stars: | 2022-09-16 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +4 min

Surrounded by the country's economic collapse and lack of resources, the children of Afghanistan are suffering. A humanitarian aid director said that with forced labor, malnutrition, and education restrictions on the rise, the children are in need of support. With forced labor, malnutrition, and education restrictions dampening the population, Asuntha Charles, a humanitarian aid worker, told Insider that Afghan children are in urgent need of support. Charles has been working with World Vision for about two years and has lived in Afghanistan for roughly 20 years. Because the future generation is really losing lot of opportunities because of so many factors," Charles told Insider.

Britain's Queen Elizabeth II inspects a guard of honor at the Presidential palace in New Delhi during her visit to India in 1997. Queen Elizabeth II meets Indian Prime Minister Narendra Modi at Buckingham Palace in London, England in 2015. “If you don’t see people mourning the death of Queen Elizabeth in India, (it is) because she doesn’t have that connection with the new generation of Indians,” Ravi Mishra said. Queen Elizabeth II meets Indira Gandhi at Hyderabad House in Delhi, India, in 1983. The proposition before this house is the principle of owing reparations … the question is: is there a debt?… As far as I’m concerned, the ability to acknowledge a wrong that has been done, to simply say sorry, will go a far, far, far longer way than some percentage of GDP in the form of aid,” Tharoor said.

☆ India's got the next big thing in tech, and it could be worth $1 trillion
▼ + stars: | 2021-09-09 | by ( Diksha Madhok | Cnn Business | ) edition.cnn.com time to read: +8 min

Now, Asia's third largest economy is ready for the next big frontier in tech: Coming up with a new generation of software companies like Zoom or Slack. Of India's 10 SaaS unicorns, six reached that milestone in 2020, and investors around the world are paying attention. Thanks to the rise of India's IT industry, software engineering has become one of the most sought-after career options in the country. Despite the euphoria, there are some hurdles Indian companies have to overcome before they can deliver on the $1 trillion promise. SaaS companies, on the other hand, have to say no to 99% of [potential] customers, he added.

☆ I moved my family from California to Austin, Texas, and regretted it. Here are 10 things to consider before making an expensive mistake.
▼ + stars: | 2021-01-20 | by ( Brett Alder | ) www.businessinsider.com time to read: +21 min

Brett Alder moved to Austin, Texas, for work and regrets the choice. A lot of people, including myself, move from California to Austin because of the hype and the perception that California and Austin are reasonably comparable in lifestyle. Water: Water is also shockingly expensive. Expensive pool maintenance, expensive landscaping services, expensive home repairs, expensive dining and movies. Expensive pool maintenance, expensive landscaping services, expensive home repairs, expensive dining and movies.

Persons: Brett Alder, Alder, Austin, Austin it's, you've, We've, I've, It's, We're, Yelp, Matthew McConaughey, Travis, There's, …, Monoculture, California we've, Uber, I'd, Austinites Organizations: Energy, Soaring Sierra, Yosemite, Texans Locations: Austin , Texas, California, Austin, Texas, San Diego, Travis County, Lake, Jose, San Jose, Portland , Oregon, Nevada, Utah, West Coast, West, Montana, Tennessee, crosswalks, Belterra, Bay, San Jose , CA

☆ 50 of the world’s best breads
▼ + stars: | 2019-10-15 | by ( Jen Rose Smith | ) edition.cnn.com time to read: +33 min

In alphabetical order by location, here are 50 of the world’s most wonderful breads. Roti gambang, IndonesiaShutterstockPalm sugar and cinnamon lend a light, aromatic sweetness to roti gambang, a tender wheat bread that’s an old-fashioned favorite at Jakarta bakeries. This is where locals bring rounds of tender wheat dough ready to bake into khobz kesra, one of the country’s homiest breads. Gyeran-ppang, South KoreaShutterstockThere’s buried treasure within every loaf of gyeran-ppang, individually sized wheat breads with a whole egg baked inside. To make malawach, bakers roll wheat dough into a delicate sheet and fold it over a slick of melted butter.

Persons: William Rubel, ”, Afghanistan Johannes Eisele, lavash, it’s, de, whirl, Egypt Jen Rose Smith, El Salvador Lane Turner, you’ll, Joya de Cerén, injera, France Enrico Spanu, You’re, munch, Jim Chevallier, Emmanuel Macron, Pai bao, confections, snacking, Dökkt, rúgbrauð, India Stuart Freedman, Roti, Iran Behrouz Mehri, sangak –, crumb, Italy Bruce Bisping, Arnaldo Cavallari, Kare, ” Karepanman, Jordan Shutterstock, canai, sourdough, “, Mexico Lisa Cherkasky, Morocco Bartosz, Luke E, Rēwena parāoa, haven’t, Broa, South Korea Shutterstock, kisra, Balep, Lama, United States Dixie, Lily, White Lily, –, Uzbekistan Shutterstock Flatbreads, they’re, Areperos Organizations: CNN, Getty, UNESCO Intangible Heritage, Montreal bagels, Fairmount, Boston Globe, pats, UNESCO, le, swabbing, National Agency for Cultural Heritage Preservation, Jerusalem, Star Tribune, The Washington Post, Amsterdam’s, Vikings, Sri, Brewers, Turkey VW, Biscuits, United, Washington Post, Uzbekistan Shutterstock Locations: Germany’s Westphalia, Afghanistan, AFP, Lavash, Armenia, Australia, Luchi, Bangladesh, Dhaka, de queijo, Brazil, Montreal, Canada, Marraqueta, Chile, Chilean, el brazo, ” Shaobing, China, Sichuan, Cubano, Cuba, Cuban, Havana, Miami, Florida, Libba, Egypt, El Salvador, San Salvador, Joya, Injera, Ethiopia, Eritrea, Somalia, injera, Baguette, France, Paris, Khachapuri, Georgia, Pumpernickel, Germany, Soest that’s, Hong Kong, Dökkt rúgbrauð, Iceland, Laugarvatn, Paratha, India, Roti gambang, Indonesia, Jakarta, Indonesian, Gouda, Edam, Iran, Ireland, Israel, Tel Aviv, you’ll, United States, Ciabatta, Italy, Jamaica, South America, Caribbean, Japan, panko, Amman, canai, Malaysia, Malta, Maltese, Mexico, kesra, Morocco, Moroccan medina, ferran, Navajo, Arizona, New Mexican, powwows, Netherlands, San Francisco, New Zealand, Lefse, Norway, Europe, Norwegian, Podplomyk, Poland, milho, Portugal, Americas, Karavai, Russia, Sardinia, of Piedmont, there’s, Proja, Serbia, Serbian, South Korea, Seoul, Sri Lanka, Colombo, Kisra, Sudan, South Sudan, Sweden, Sweden’s, Balep korkun, Tibet, Simit, Turkey, Istanbul, United Kingdom, British, Uzbekistan, Arepa, Venezuela, Venezuelan, Malawach, Yemen

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