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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStill see short-term downside for Hyundai Motor India's stock: AnalystPrashanth Tapse of Mehta Equities believes Hyundai Motor India has long-term growth potential thanks to its lead in the sports utility and electric vehicle segments. He suggests that 1,700 to 1,750 rupees is a good entry point into the stock given some short-term challenges.
Persons: Prashanth Organizations: Hyundai Motor, Mehta, Hyundai, India
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
Russia faces sweeping sanctions over its full-scale invasion of Ukraine and has been locked out of the US dollar-dominated global financial system, including the widely used SWIFT financial messaging system, making payments and transactions challenging. The Kazan Declaration, issued Wednesday, did not mention global dollar dominance — but it highlighted alternatives. AdvertisementChina — even though it's in a prolonged slowdown — is expected to be the top contributor, accounting for about one-fifth of global growth over the five years. AdvertisementHowever, BRICS economies have a smaller global presence in global financial flows, limiting the impact of de-dollarization, the ING analysts added. Other issues include what countries would use the alternative currencies for and if the West would sanction such alternative systems, he said.
Persons: Vladimir Putin, Putin, , he's, Alexander Kolyandr, Tom Keatinge Organizations: Service, ING, United, United Arab Emirates, Bloomberg, International Monetary, Center for, Centre for Finance, Security, Royal United Services Institute Locations: BRICS, Russian, Kazan, Russia, Ukraine, cryptocurrencies, Brazil, India, China, South Africa, Iran, Egypt, Ethiopia, United Arab, USA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia needs India as another growth market in Asia: EFM Asset ManagementDaniel Heyler, senior analyst at EFM asset management, says "memory stocks are 20-30% below previous peaks, so we think that's an area where there's a lot of upside the next six months in terms of valuation."
Persons: Daniel Heyler Organizations: Nvidia, EFM Locations: India, Asia
China's Xi Jinping negotiated a truce with India's leader, Narendra Modi. AdvertisementAt the BRICS summit in Russia this week, China's leader Xi Jinping and India's Prime Minister Narendra Modi shook hands for the first time in five years. AdvertisementAfter their meeting at the summit hosted by Russia's President Vladimir Putin, Xi and Modi said they would continue discussions on resolving the issue. AdvertisementIn any case, its a setback in US attempts to include India in a deeper security alliance, he said. "For a long time, the US has tried to develop security and defense ties with India," said Panda.
Persons: China's Xi Jinping, Narendra Modi, that's, , Xi Jinping, Vladimir Putin, Xi, Modi, Jagannath Panda, Putin, Zhiqun Zhu, Zhu, Yawar Nazir, Praveen Donthi, there's, Rahul Bhatia, Donthi, it's Organizations: Service, India's, Russia's, US, Stockholm Center, South, Pacific Affairs, Bucknell University, America, Reuters, Quad Alliance, Getty, Eurasia Group Locations: China, Russia, Washington ,, India, Japan, Australia, United States, Beijing, Asia, Pacific, Indian, Leh, South Asia, Europe, Ukraine, Taiwan
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. A bullish take on emerging markets and insight into an artificial intelligence company were also discussed. CEO Alan Trefler appeared on "Worldwide Exchange" to discuss outlook for the future of his business. Eyeing emerging markets for opportunity Alan McKnight of Regions Bank is bullish emerging markets, citing the outperformance since the Fed rate cut in September but said China is a key factor.
Persons: Katrina Dudley, Franklin Templeton, Dudley, Wells, Alan Trefler, Alan McKnight, McKnight, it's Organizations: PRO, Worldwide, Federal Reserve, Verizon, Mobile, Citi, Regions Bank Locations: China, India, Brazil
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
The 19-year-old Walmart employee who was found dead in the store’s walk-in oven in Canada was discovered by her mother, who also worked there, according to a community fundraiser for the family. “On Oct. 19th, the fateful Saturday night, she was found burned to death in the walk-in oven at Walmart bakery,” the fundraiser said. at 9:30 p.m. and found the young woman's body in a “large walk-in oven belonging to the store’s bakery department.”Kaur and her mother had worked at the Walmart for two years, according to the fundraiser. That evening, Kaur’s mother tried to find her after not seeing her for one hour. “Mother started panicking as it was unusual for [Kaur] to switch her phone off during the day,” the fundraiser said.
Persons: Gursimran Kaur, , ” Kaur, Kaur’s, Kaur Organizations: Walmart, Maritime Sikh Society, Halifax Regional Police, Authorities, NBC, Nova, Nova Scotia Department of Labour, Immigration Locations: Canada, Halifax , Nova Scotia, India, Nova Scotia,
But it may allow Russia to reorganize and push forward, and if it works North Korea can send more. Russian Foreign Ministry spokesperson Maria Zakharova said Wednesday that the reports of North Korea sending soldiers to Russia was “fake and hype,” local media reported. "I am very concerned," James Stavridis, a retired U.S. Navy admiral and the former supreme commander of NATO forces, told MSNBC yesterday. And if a North Korean soldier is killed with NATO weapons how does the often unpredictable Kim respond? This week South Korea summoned the Russian ambassador, seeking the “immediate withdrawal” of North Korean troops from Russia.
Persons: Maria Zakharova, James Stavridis, Kim, Georgiy Zinoviev, South, Kim Hong, Putin, Xi, Pezeshkian, Mauro Vieira Organizations: North, Russian Foreign, U.S . Navy, NATO, MSNBC, NBC News Locations: Ukraine, Russia, North Korea, Korea, U.S, Ukrainian, Asia, North Korean, Russian, Seoul, Brazil, Egypt, UAE, India, United States, Kazan
NEW DELHI, India— Living in a pollution-free environment is a fundamental right, India’s Supreme Court said Wednesday as it urged authorities to address deteriorating air quality in the north of the country. Swiss group IQAir rated Delhi the world’s most polluted city in its live rankings. The Supreme Court pulled up the governments of both states for taking “selective action” against stubble burning, saying penal provisions were not being properly implemented. Recognizing this, the court on Wednesday directed the federal government and the governments of Delhi, Punjab, Haryana, Uttar Pradesh and the western state of Rajasthan to submit compliance reports. In Pakistan’s most populous province of Punjab, authorities have changed school timings and suspended outdoor activities because of pollution.
Persons: , Narendra, Marriyam Aurangzeb Organizations: Central Pollution Control Board, Supreme Locations: DELHI, India, Delhi, Swiss, Punjab, Haryana, Uttar Pradesh, Rajasthan, South Asia, Lahore, Pakistan’s Punjab
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFor long-term investors, India is the 'perfect emerging market': EMQQ GlobalKevin Carter of EMQQ Global says that India is a very special situation and that the digital and internet sectors are particularly exciting.
Persons: Kevin Carter, EMQQ Locations: India
Jensen Huang says AI can enhance jobs — but won't replace humans entirely. AI could perform parts of some jobs up to 1,000 times better but not replace entire roles, he said. AdvertisementNvidia CEO Jensen Huang anticipates AI will do parts of some jobs 1,000 times better — but it will never replace the actual humans doing those roles. "Depending on the jobs we do, it could do 20% of our jobs 1000 times better. He previously said that he wanted Nvidia to be a company with "100 million AI assistants."
Persons: Jensen Huang, , Huang, Kweilin, Goldman Sachs Organizations: Nvidia, Service, McKinsey Locations: Mumbai, India
If traveling around the world by train sounds enticing and you've got several thousand dollars to spare, this latest adventure might be the one for you. High-end travel agent Railbookers recently announced its second "Around the World by Luxury Train." The 59-day itinerary will include riding several luxury trains through four continents, 12 countries and over 20 cities. "Our 2025 Around the World by Luxury Rail itinerary has been refined and tailored to maximize our guests' time and experiences while enjoying the culture, cuisine, and activities that each of these renowned destinations have to offer." Venice Simplon-Orient Express Vw Pics | Universal Images Group | Getty Images
Persons: you've, Railbookers, Italy's, Frank Marini, Euronews Organizations: Mountaineer, Vita Orient, Orient Express, Oriental Express, Luxury Rail, Orient, Getty Locations: Venice
BRICS' Kazan Declaration on Wednesday contained 134 points — and only one discussed the Ukraine war. It shows that Russia still has trouble getting friendly countries on board with the war, per the ISW. AdvertisementOver two dozen world leaders at this year's BRICS summit ended Wednesday's talks with the Kazan Declaration, a 134-point summary of their agreements. "The Kazan Declaration notably only mentioned Russia's war in Ukraine once," the Washington-based think tank wrote. The declaration "demonstrated that Russia has not yet secured the international support nor created the alternative security structure that the Kremlin desires," ISW added.
Persons: BRICS, , Vladimir Putin, ISW, Huileng Tan, Putin Organizations: UN, Service, United Nations, Kyiv, South Sudanese, Mastercard Locations: Kazan, Ukraine, Russia, China, Washington, Nazi, Moscow, Brazil, India, Syria, Tel, Lebanon, Gaza, Republic, Tatarstan
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
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
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 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
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
Police are investigating the death of a 19-year-old Walmart employee who was found in the store’s walk-in oven Saturday in Canada. Halifax Regional Police in the province of Nova Scotia were called to the Walmart at 6990 Mumford Rd. at 9:30 p.m. and found the young woman dead. Investigators are working with Occupational Health and Safety and the Nova Scotia Medical Examiner Service on the case. The Nova Scotia Department of Labour, Skills and Immigration said it issued a stop-work order Tuesday for the bakery and a piece of equipment at the store.
Persons: ” Balbir Singh Organizations: Walmart, Halifax Regional Police, Authorities, Occupational Health, Safety, Nova Scotia Medical, Service, Sikh Society, CBC News, Nova, Nova Scotia Department of Labour, Immigration Locations: Canada, of Nova Scotia, Halifax, India, Nova Scotia
Alexander Shcherbak | Afp | Getty ImagesThe Kremlin said it has no intention of abandoning Iran as it faces a widely-expected direct attack from Israel. He did not directly answer whether Iran had asked Russia for support against Israel. Peskov told CNBC that Russia "maintains a dialogue with all parties involved in the conflict in the Middle East." Russia and Iran's 'strategic' dealTo see just how Russia could look to support Iran, all eyes are now on the BRICS summit that's taking place in Kazan, southwestern Russia. Russian President Vladimir Putin (R) shakes hands with Iranian President Masoud Pezeshkian (L) during their meeting, October 11, 2024, in Ashgabat, Turkmenistan.
Persons: Vladimir Putin, Masoud Pezeshkian, Magtymguly, Alexander Shcherbak, Dmitry Peskov, Sergei Ilnitsky, Peskov, Ali Akbar Ahmadian, Vyacheslav Prokofyev, Israel, Benjamin Netanyahu's, Ozcelik Organizations: Sputnik, Afp, Getty, Ukraine, CNBC, Kremlin, Google, Israel, Commonwealth of Independent States, CIS, Reuters, United, United Arab Emirates, Iran's, National Security Council, Middle, International Security, Royal United Services Institute, U.S, Global, UN Security Council Locations: Russian, Ashgabat, Iran, Israel, Gaza, Lebanon, Republic, Russia, Tehran, Moscow, Reuters Russia, Saudi Arabia, Syria, United Arab, Ukraine, Saint Petersburg, Kazan, Brazil, India, China, South Africa, what's, Turkmenistan
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
CNN —The hottest revival trend in travel for 2025? That would be “fun,” according to National Geographic editor-in-chief Nathan Lump, who spoke exclusively to CNN ahead of the Tuesday reveal of Best of the World 2025, the brand’s annual list of the most thrilling and purposeful travel experiences for the year ahead. Cork has “always been a fun city with a vibrant culture … and an incredibly warm local population,” says Lump. Big-hitters with new attractionsThere are also some destinations on the list that are never short of a visitor or two, such as Bangkok and Los Angeles. In the Thai capital, National Geographic is highlighting the ongoing restoration work at Wat Chaiwatthanaram, a 17th-century Buddhist temple and one of the country’s most important monuments.
Persons: Nathan, , That’s, It’s, “ Oppenheimer, Cillian Murphy, George Lucas, , “ we’ve, it’s, Kanazawa Organizations: CNN, National Geographic, Teatro, Basque Block, Geographic, Wat, Lucas Museum, “ Star, Oriental Express, Malaysia, Malayan Locations: Guadalajara, Mexico, Boise , Idaho, Basque, United States, Cork, Bangkok, Los Angeles, Thai, Wat Chaiwatthanaram, , , Crenshaw, Exposition, British Columbia, Guatemala, India, Antigua, Ladakh, Greenland, North America, Japan, Kanazawa, Kyoto, Florida, Sweden, Tunisia, Indonesia
KAZAN, Russia — Almost 700 miles east of Russia's war in Ukraine, the city of Kazan is a safe enough distance for President Vladimir Putin to try and reposition himself as an international ambassador. The countries gathering for the BRICS summit, where Gavrilov is helping to chaperone delegates, share a similar mix of apparently contradictory views. Russia and Iranian protocol teams huddled together in a Kazan hotel Sunday planning the arrival of Iran’s President Masoud Pezeshkian. Russian President Vladimir Putin and UAE President Sheikh Mohammed bin Zayed Al Nahyan sign a wall at newly opened education center in Moscow on Monday. While Ukraine is a “long, long way away, the modern ballistic missile can very easily come here,” Gavrilov said.
Persons: Vladimir Putin, Putin, Islam Gavrilov, Sergei Gavrilov, , Gavrilov, , didn’t, , it’s, Masoud Pezeshkian, Sheikh Mohammed bin Zayed Al Nahyan, Mikhail Metzel, Sheikh Abdullah bin Zayed Al Nahyan, Recep Tayyip Erdogan, Prince Mohammed bin Salman, Prince Faisal bin Farhan, Luiz Inácio Lula da Silva, they’ve, ” David Lubin, you’re, ” Gavrilov, Keir Simmons, Natasha Lebedeva, Freddie Clayton Organizations: NBC, NASA, Harvard University, The, Putin, United Arab, European Union, Kremlin, Wednesday, Saudi Arabia’s Crown, Chatham House, NBC News, Inside Locations: KAZAN, Russia, Ukraine, Kazan, Kremlin, United States, Moscow, America, U.S, — Brazil, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, UAE, London, Russian, Yelabuga, Nizhnekamsk,
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