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☆ 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

☆ Diverse donors race to help elect Kamala Harris
▼ + stars: | 2024-07-24 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +6 min

And Democratic-aligned donors from all those worlds are eager to help Harris get there. That figure marks the year of the sorority’s founding at Harris’ alma mater, Howard University. More than 1.1 million donors have contributed – with 62% of them first-time givers this cycle, Harris’ campaign said. He said he held his first fundraiser for Harris at his Boston-area home during her successful 2016 Senate campaign. But for all the early enthusiasm, the groups supporting Harris say big challenges remain – both in sustaining her campaign’s early financial momentum and in helping blunt looming attacks on her race and gender.

Persons: CNN — Kamala Harris, Joe Biden, Harris –, –, Harris, “, ”, Glynda Carr, Carr, Biden, they’ve, Harris ’, Alexandra Acker, Lyons, Biden’s, Acker, ‘, ’ ”, Ramesh Kapur, Democratic bundler, Kapur, “ I’m, Shekar, He’s, he’s, don’t, ” Narasimhan, Trump, Chintan Patel, Patel, ” Harris “, ’ ” Acker, Veronica Stracqualursi Organizations: CNN, American, Higher, Alpha Kappa Alpha Sorority, Inc, Howard University, Women Alliance, Democratic, Senate, Fund, Democratic Party, Republican Party Locations: Higher Heights, America, alma, Manhattan, Denver, Harris, United States, Indian, American, Boston, Virginia, Michigan, Wisconsin, “

☆ Harris’s Indian Heritage Is Deeply Felt if Little Advertised
▼ + stars: | 2024-07-24 | by ( Anupreeta Das | ) www.nytimes.com time to read: +1 min

Tamil Nadu, the South Indian state where her mother’s family is from, is one of India’s largest growers of coconut palms. It’s also the kind of thing an Indian parent might say. Ms. Harris, the vice president and Democratic candidate for president, neither advertises nor shies away from her Indian heritage. Last year, Ms. Harris spoke of her deep personal connection to India at a luncheon in Washington for Narendra Modi, the Indian prime minister, whom the United States has been courting. Her introduction to the concepts of equality, freedom and democracy came from her Indian grandfather, Ms. Harris said, with whom she went on long walks during her visits to Chennai.

Persons: Kamala Harris, Harris, It’s, Narendra Modi Organizations: Indian, Democratic Locations: Tamil Nadu, India, Washington, United States, Chennai

☆ Right-wing media figures call Kamala Harris a ‘DEI’ candidate as race-based attacks ramp up
▼ + stars: | 2024-07-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —The right-wing media machine is throwing everything but the kitchen sink at Kamala Harris. In most of corporate America, even calling someone a “DEI” candidate would be grounds for stiff disciplinary action, if not outright dismissal. Which narrative Trump’s media allies settle on remains to be seen. That’s how right-wing media confronted Obama in 2008. What, are they just going to say if you’re not a white male, it’s a DEI candidate?” moderate Republican Sen. Lisa Murkowski said.

Persons: Kamala Harris, Harris, ”, Willie Brown, Brown, she’s, Jesse Watters, “, Biden, Bernie, Sanders, Donald Trump’s, Vance, Trump’s, Barack Obama, Obama, Trump, Joe Biden, you’re, Republican Sen, Lisa Murkowski, “ I’m Organizations: New, New York CNN, Democratic, Fox News, San Francisco, DEI, Media, Democratic Party, Republican Locations: New York, California, Baltimore, America

☆ 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

☆ Jefferies: The 'long-term story' looks much better for Indian public sector banks than private ones
▼ + 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 EmailJefferies: The 'long-term story' looks much better for Indian public sector banks than private onesMahesh Nandurkar, managing director and head of India research at Jefferies, says private banks in India are better from a near-term perspective.

Persons: Email Jefferies, Mahesh Nandurkar Organizations: Jefferies Locations: India

☆ 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

☆ Indian Americans Become a Political Force, Just as Usha Vance’s Profile Rises
▼ + stars: | 2024-07-20 | by ( Amy Qin | Jonathan Wolfe | ) www.nytimes.com time to read: +1 min

That cemented a remarkable reality: at the current moment, a woman of Indian descent will either serve another term in the White House or be the second lady. It was the latest milestone for an Indian American community that has emerged as a political powerhouse over the past decade. Kamala Harris in 2021 became the first person of Indian descent, as well as the first woman and Black person, to be vice president. The 2024 presidential cycle is the first one to have featured two Indian American candidates in Nikki Haley and Vivek Ramaswamy. And there are now five Indian American members of Congress and nearly 40 Indian Americans in state legislatures — the highest number of any Asian origin group in the country, according to AAPI Data, an organization that collects data about Asian Americans.

Persons: JD Vance, Donald J, Usha Vance, Kamala Harris, Nikki Haley, Vivek Ramaswamy Organizations: Republican, Indian, —

As boarding, tickets, and pilot communication channels were affected by the outage, passengers were hit with delays and cancellations. AdvertisementScott Sanders, a passenger at Seattle-Tacoma International Airport, told Business Insider that people were sleeping on the ground due to the disruption. Sanders' flight to Cincinnati/Northern Kentucky International Airport (CVG) had been scheduled to depart on Thursday at 10:55 p.m. 'Tired and hopeless'At Los Angeles International Airport, Sarah Patterson experienced a similar disruption. "We sat on the tarmac for an hour, and they said it was a technical issue with Microsoft," Ebule told BI.

Persons: —, Scott Sanders, Sanders, t4nCH8Y6UD — Scott Sanders, Jordan van den Lamb, Lamb, Sarah Patterson, Patterson, w9trzshNST, Sarah, Ebule, Aditi Bharade Organizations: Service, Microsoft, Business, Tacoma International Airport, Northern, Northern Kentucky International, SEA, Hobart, Jetstar, Los Angeles International Airport, Spirit Airlines, Newark Liberty International Airport, LAX, Spirit, Melbourne Airport, Scoot, Singapore's, Singapore Changi Airport, IndiGo, BI, Amtrak, Speedway Locations: Delta, Seattle, Cincinnati, Northern Kentucky, Ohio, @SeahawkSanders, Tasmania, Washington ,, Australia, Singapore, Trains

☆ 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

☆ I moved from the US to Ireland. I'm extremely happy with my choice, but there are a few things I wish I'd known before relocating.
▼ + stars: | 2024-07-18 | by ( Alexis Mcsparren | ) www.businessinsider.com time to read: +11 min

Finding a job in Ireland is tough, especially if you're not in the country yetIt's hard to get a job in Dublin. Sadly, the Irish job market is extremely competitive, especially in Dublin. AdvertisementFinding housing in Ireland is equally as difficult, if not harder, than job huntingRent in Ireland can be pricey. Alexis McSparrenFinding housing in Ireland overall is very difficult, but finding housing in Dublin is a struggle. Finding my people in Ireland took some timeI met my boyfriend after I moved to Ireland.

Persons: —, I've, Alexis McSparren, nannying, you'll, Don't, It's, Alexis McSparren There's, it's, we've, they've Organizations: Service, Business, European Union, Irish, UNESCO, Heritage Locations: Ireland, Dublin, Missouri, Europe, Moher, Indiana, American

☆ Work from home could lead to more homes in vacant offices
▼ + stars: | 2024-07-17 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

At first glance, The Crosby, an apartment building that opened in 2020 in Los Angeles’ Koreatown neighborhood, seems like a typical luxury high-rise. And most office buildings have central air conditioning, so the system needs to be replaced with individual cooling and heating systems for each unit. “Only about 15% of office buildings here in the markets that we’re based in are potentially good candidates for office-to-housing conversions,” Sherman said. While that may initially seem like a positive, apartment units need to have access to windows facing the exterior. Local governments aren’t only pushing for office building conversions, though.

Persons: CBRE, Crosby, West, ”, Jaime Lee, “, we’ve, ” Lee, Chris Sherman, ” Sherman, Sherman, you’re, Jason Ward, Ward, Eric Adams, John Watson, ” Watson, Watson, Kelly Wilkinson Organizations: CNN, Moody’s, Texaco, Jamison Group, ”, Jamison, Sherman Associates, “, Local, RAND, Housing, Homelessness, New York City, Pfizer, Indianapolis Star Locations: United States, Los Angeles, Koreatown, West Coast, Minneapolis, New York, New, Indianapolis, “, Indiana University's

☆ Caitlin Clark is the hottest ticket in the WNBA. So why is the cheapest way to see her play in Indianapolis?
▼ + stars: | 2024-07-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

On June 23, when the Fever faced off against the Sky in Chicago, the average ticket price was around $250 — the most expensive average ticket price ever for a WNBA game — according to the ticket resale marketplace TickPick. It's not uncommon for star athletes like Clark to drive soaring ticket prices when they play away from home. If two arenas have the same level of ticket demand, the one with more seats could, in theory, have lower ticket prices. Tickets cost less in smaller marketsThings tend to cost more in cities like New York than they do in Indianapolis, including ticket prices. It's possible that, to some degree, Fever home ticket prices have been kept in check by the Indianapolis market.

Persons: —, Caitlin Clark, Clark, LeBron James, Victor Matheson, Matheson, hasn't, Indianapolis —, Clark — Organizations: Service, Indiana Fever, Fever, Sky, Ticketmaster, Business, Chicago, Indianapolis, Cleveland Cavaliers, NBA, Cavaliers, College of, University of Iowa, WNBA, NBA's Indiana Pacers, Washington Mystics, Entertainment, Sports Arena, New York Knicks, Indiana Pacers, Knicks, Pacers, New York Liberty Locations: Chicago, Indianapolis, New York, York, Indianapolis's

☆ Usha Vance is the 4th person of South Asian descent to be part of the 2024 presidential campaign. Why that matters
▼ + stars: | 2024-07-16 | by ( Chelsea Bailey | ) edition.cnn.com time to read: +6 min

“It’s about time,” he said, adding the Vances “are going to represent a new generation of Americans.”The 2024 presidential campaign has seen three politicians of South Asian descent vying for the White House: Former South Carolina Gov. Since 2020, according to Pew, the number of eligible Asian American voters has increased by 2 million – roughly the population of Nebraska. According to the Asian American voter survey, the economy, education, inflation and immigration were “highly important” for Asian Americans this election cycle. Kumar said immigration is top of mind for many South Asian Republican voters because of the backlog facing millions of Hindu and Indian Americans who are waiting for green cards. Chen said the work must continue to engage with Asian American voters – many of whom are immigrant, first-time voters – to understand the key role they could play in the upcoming election.

Persons: ” Kumar, Donald Trump, Ohio Sen, JD Vance’s, Usha, ”, Nikki Haley, Vivek Ramaswamy, Kamala Harris, Joe Biden, Haley, Ramaswamy, Vance, Usha Vance, Chintan Patel, United States Kamala Harris, ” Patel, Patel, reimagine, ” Trump, Christine Chen, ” Chen, “ We’re, Kumar, –, Chen, “ It’s Organizations: CNN, Republican Hindu Coalition, Indian Coalition of, Republican National Committee, Yale, White, Former South Carolina Gov, Republican, Trump, Republican National Convention, Indian, Pew Research, Pew, Pacific Islander, AAPI, Advancing Justice, AARP, Voter Survey, American, Democratic Party, Asian, South Asian Republican Locations: Ohio, United States, South, Nebraska, Georgia

That person, Tesla billionaire Elon Musk, was one of several people urging Trump in the final moments to select Ohio Sen. JD Vance. Only moments earlier, Trump had shared the information with Vance himself, according to multiple people familiar with the call. Trump spent the final 24 hours waffling over his pick, multiple sources told CNN, leaving even those in his inner circle guessing about his ultimate choice. Several Republican donors argued for Youngkin as Trump’s pick in recent days as it became clear that Rubio and Burgum may not make the cut. “I can’t stomach Trump,” Vance said in an interview with NPR at the time.

Persons: Donald Trump’s, Elon Musk, Trump, Ohio Sen, JD Vance, Vance, ’ ” Vance, “, ’, Vance wasn’t, Vance’s, David Sacks, Monday’s, ” Vance, Doug Burgum, Florida Sen, Marco Rubio, Rubio, South Carolina Sen, Tim Scott, Glenn Youngkin, Mike Pence, Pence, he’d, Burgum, Donald Trump Jr, Steve Bannon, Trump’s MAGA, Tucker Carlson, Rupert Murdoch, Sean Hannity, Bannon, Carlson, president’s MAGA, Usha Chilukuri Vance –, –, Sacks, Steve Witkoff, Alabama Sen, Tommy Tuberville, Jim Banks, waffled, Trump Jr, I’ve, “ America’s Hitler, ”, CNN’s Dana Bash, ” Vance’s, Mike DeWine, wouldn’t, ” CNN’s Kristen Holmes, Kit Maher Organizations: CNN, Ohio, Vocal, Republican National Convention, Fox News, GOP, Trump, Trump’s, North Dakota Gov, Burgum, Virginia Gov, Indiana, Youngkin, Fox News Corp, onetime Fox News, Trump Jr, Indiana Rep, Mar, Ohio Republican, Democrats, NPR, Ohio’s Republican, Yale Locations: Milwaukee, Pennsylvania, Michigan, California, Butler , Pennsylvania, Florida, South Carolina, Ohio, Cincinnati, Alabama, North Dakota

☆ Private jets, Modi’s blessing and a Kardashian cameo — here’s what happened at India’s wedding of the year
▼ + stars: | 2024-07-15 | by ( Rhea Mogul | ) edition.cnn.com time to read: +8 min

The wedding was followed by a blessing ceremony on Saturday, where Prime Minister Narendra Modi bestowed the young couple and their families with well wishes. No expense was spared by the family that owns India’s largest private corporation, Reliance Industries. Kim and Khloé Kardashian are seen leaving their hotel on their way to a wedding event on Saturday. Anant Ambani and Radhika Merchant at their wedding ceremony on Friday. An event as huge in scale as the Ambani-Merchant celebration would emit far more carbon than even the largest and most lavish Indian wedding, he added.

Persons: CNN —, Anant Ambani, Radhika Merchant, Kim, Khloé Kardashian, Narendra Modi, Mangal Utsav ”, Anant’s, Mukesh, The Ambani, Abu Jani Sandeep Khosla, Ambani, Sabyasachi Mukherjee, Merchant, Jayasri Burman, Rhea Kapoor, Anamika Khanna, Shah Rukh Khan, Savita Chhibber, Gauri Khan, Suhana Khan, Prodip Guha, Preston Bailey, Serena Williams, LeBron James, Bailey, Ambani’s, ”, Akash, Isha, Manish Malhotra, India ”, Justin Bieber, —, Shamita Yadav, Sushant Singh, Adar Poonawalla, Natasha Poonawalla, Punit Paranjpe, Ashwin Malwade, Mark Zuckerberg, Ivanka Trump, Bill Gates, Karlie, Rihanna Organizations: CNN, British, Reliance Industries, Forbes, Convention, Gabbana’s, ”, Centre for Policy Research, Mr, Chhatrapati Shivaji International Locations: Mumbai, Varanasi, India, Indian, Jamnagar, AFP, Chhatrapati

☆ Who is Usha Vance, the wife of Trump’s running mate?
▼ + stars: | 2024-07-15 | by ( Arit John | ) edition.cnn.com time to read: +4 min

His wife, Usha, has been by his side through it all. As the Ohio delegation chanted her husband’s name on the Republican convention floor in Milwaukee, Usha Vance stood beside the first-term senator and applauded as he was nominated by voice vote to be Donald Trump’s running mate. Now, with JD Vance as Trump’s vice presidential nominee, the couple has embarked on a journey even bigger than the 2022 Senate campaign in Ohio. If his 2022 Senate campaign is any indication, Usha Vance may play an understated but key role in helping introduce him to the public. In his 2016 memoir, “Hillbilly Elegy,” JD Vance described her as his “Yale spirit guide,” helping him navigate life at the elite university where they met.

Persons: CNN — JD Vance, Usha, Usha Vance, Donald Trump’s, Weeks, wasn’t, ”, “, JD Vance, MAGA, he’s, Newsmax, ” JD Vance, – Usha Vance’s, Usha Chilukuri, – Brett Kavanaugh, John Roberts, Olson, –, “ Usha Organizations: CNN, Republican, Fox News, Trump, Senate, Yale University, Yale, University of Cambridge, Appeals, District of Columbia Circuit, Tolles Locations: Ohio, Milwaukee, Yale, Kentucky, San Diego, Munger, Los Angeles, San Francisco, Washington, DC, clerkships

☆ 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

☆ On the Hands of India’s Brides, Reminders of a Stark Wealth Divide
▼ + stars: | 2024-07-13 | by ( Pragati K.B. | ) www.nytimes.com time to read: +1 min

The ceremony was on the grounds of the exclusive Bangalore Club, an oasis in one of India’s largest cities. The bride-to-be, Sreya Muthukumar, was ensconced on the terrace, wreathed in smiles, greeting and chatting with her guests. For seven hours last Thursday, the artists drew freehand, etching patterns, motifs and mandalas on Ms. Muthukumar’s limbs. “After all those hours, when, in the end, the bride looks at her hands and says ‘I love it,’ that’s the high point for me,” said Sunitha Parihar, who adorned Ms. Muthukumar’s arms. “We mehndi artists are so important to make the bride look and feel beautiful on her big day.”

Persons: Sreya Muthukumar, ‘, ’, ”, Sunitha Parihar Organizations: Club

☆ Bollywood Stars, Former Prime Ministers and the Kardashians Attend the Ambani Wedding
▼ + stars: | 2024-07-13 | by ( Sadiba Hasan | ) www.nytimes.com time to read: +1 min

On Friday afternoon, Sneh Zala, 24, waited for celebrities to arrive on the red carpet for the wedding of Anant Ambani, the youngest son of India’s richest man, and Radhika Merchant, a daughter of a fellow business tycoon. The red carpet was set up in a room adorned with lanterns and red and orange garlands and floral arrangements. It’s not every day that Kim and Khloé Kardashian, John Cena and Boris Johnson gather in Mumbai for an Indian wedding. Mr. Zala was one of about 100 media members clamoring next to the red carpet, not a common addition at most weddings. But given the sheer amount of celebrities present, including Bollywood superstars, several members of the Indian cricket team, former prime ministers and billionaire businessmen, and the fabulous Indian clothes on display, a runway seemed in order.

Persons: Sneh, Anant Ambani, Radhika Merchant, Manav Manglani, It’s, Kim, Khloé Kardashian, John Cena, Boris Johnson, Zala, clamoring Organizations: Indian cricket Locations: Sneh Zala, Zala, Mumbai

☆ The Ambani wedding is costing millions — here's how to have a big impact on a much smaller budget
▼ + stars: | 2024-07-13 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +5 min

Ambani is the youngest son of billionaire Mukesh Ambani, chairman of Indian conglomerate Reliance Industries. This was followed by a luxury cruise across the Mediterranean and yet more celebrations in July ahead of the big day. But a beautiful wedding doesn't need to be expensive and there are ways to put on a spectacular show with a much smaller budget, according to Manwani and Suglani. Couple Vanessa Acosta and Sam Roberts went even further, hosting their wedding in their own backyard on a budget of $3,000. So, then you're going to get the best suppliers, you're going to get the venue that you want at a reasonable price without paying the premiums."

Persons: Anant Ambani, Mukesh Ambani, Radhika Merchant, Ashish Vaishnav, Ambani, Mark Zuckerberg, Shah Rukh Khan, Karishma, Priya Suglani, Suglani, you've, Manwani, they're, Vanessa Acosta, Sam Roberts, Acosta, nobody's Organizations: Getty, Reliance Industries, CNBC, Suppliers Locations: MUMBAI, MAHARASHTRA, INDIA, Mumbai, Jamnagar, Indian, Gujarat, London

☆ Ericsson's Q2 sales fall a smaller-than-expected 7%
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: +1 min

Swedish telecom gear maker Ericsson reported a smaller-than-expected 7% drop in second-quarter sales on Friday as sluggish demand for 5G gear in most markets was slightly offset by 14% growth in North America. Revenue dropped to 59.9 billion crowns ($5.69 billion) from 64.4 billion crowns a year ago. Analysts, on average, had forecast revenue of 58.3 billion crowns in an LSEG poll. Both companies were more upbeat in April, however, projecting a stronger second half of the year. However our sales will benefit during the second half from contract deliveries in North America," said CEO Börje Ekholm in a statement.

Persons: Börje Ekholm Organizations: Ericsson, Revenue, Nokia Locations: Swedish, North America, India

☆ India’s ‘godmen’: How a rigid caste system has created a new kind of deity
▼ + stars: | 2024-07-12 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

The man they had come to see was known to his disciples as Bhole Baba, a self-styled Hindu spiritual leader worshipped by many as a living god. “My mother believed in (Bhole Baba). What could I do?”People like Lal’s mother – poor and on the lower rungs of India’s hierarchical caste system – make up the bulk of Bhole Baba’s following. Claiming to possess mystical knowledge and the ability to cure illness and solve problems, godmen inspire remarkable fervor in their millions of followers. Gurmeet Ram Rahim Singh, head of the spiritual organization Dera Sacha Sauda, is another self-styled spiritual guru revered by millions.

Persons: –, Bhole Baba, ”, “, Meera Nanda, Sakib Ali, Subhash Lal, Lal, Narayan Sakar, Kalyani, Sheetal, Bhole, Jatav, Sathya Sai Baba, Ravi Shankar, Gurmeet Ram Rahim Singh, Sacha Sauda, Parveen Kumar, Singh, ” Nanda, Asaram Bapu, Sunil Verma, Sai, Goldie Hawn, Isaac Tigrett, Sachin Tendulkar, Manmohan Singh, Surendra Singh, Narayan Sakar Hari resound, Aishwarya S, Iyer Organizations: CNN, Hindustan Times, Uttar, Uttar Pradesh Police, Azim Premji University, ” Miracle, Pacific Press, Rock Locations: India’s Uttar Pradesh, India, Hathras, Uttar Pradesh, Garhi, India’s, Bangalore, ”, Bole, Gurugram

☆ 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

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