Prime Minister Narendra Modi personally congratulated President-elect Donald Trump after his remarkable victory in the US election, expressing India’s eagerness to strengthen bilateral ties. Trump, who highlighted his commitment to ending wars in his victory speech, echoed Modi’s sentiments, emphasizing a shared vision of global peace. In their call, Trump praised India and PM Modi, calling him a “magnificent man” and a “true friend.” Modi, in a post on X, shared his excitement to collaborate across sectors like technology, defense, and energy, signaling optimism for a new phase in India-US relations. Experts note that Modi’s rapport with Trump, built during…
Author: Deepika chandrasekar
India’s service sector showed remarkable growth in October, with the Service PMI index climbing to 58.5, up from 57.7 in September, according to HSBC’s India Service PMI report by S&P Global. This increase indicates an accelerated growth rate, surpassing the long-term sector average of 54.1. HSBC noted, “The index, rising from 57.7 to 58.5, reflects a sharp increase in growth momentum, far above the historical average.” The expansion is attributed to strong sales pipelines and high demand, which boosted business activity and marked October as a strong recovery month for India’s services. One standout finding was a record rise in…
Dr. Sandeep Nilkanth Athalye has been appointed as the new Global Chief Executive Officer of Kashiv BioSciences, a leading global biopharmaceutical company. With over 20 years of experience in strategic and operational roles in the global pharmaceutical sector, Dr. Athalye is set to steer the company’s growth across key markets such as the U.S., Europe, and Asia. In his statement, Dr. Athalye emphasized Kashiv’s mission to become a top player in the biosimilars space, offering affordable and accessible solutions worldwide. He highlighted the company’s goal to stand out with a differentiated pipeline and advanced manufacturing and R&D facilities in both…
India is increasingly confident in its defense exports, with Armenia emerging as its largest buyer of sophisticated weapon systems, including the Akash air defense missile systems, Pinaka multi-launch rocket systems, and 155mm artillery guns. Recent data reveals that India achieved military sales totaling $2.6 billion to various countries in the 2023-24 period, with the US, France, and Armenia being the top three destinations for these exports. Indian defense companies, both public and private, are now selling an extensive array of arms, ammunition, and complete weapon systems to approximately 100 nations. This includes notable products such as BrahMos supersonic cruise missiles,…
NASA astronaut Sunita Williams, currently aboard the International Space Station (ISS) for nearly five months, shared heartfelt Diwali wishes with those celebrating the festival in the United States and around the world. In a video message recorded from space, the Indian-origin astronaut shared her distinct experience of witnessing Diwali from an altitude of 260 miles above the Earth. “Greetings from the ISS,” she began. “I want to extend my warmest wishes for a Happy Diwali to everyone celebrating today at the White House and across the globe.” Williams reminisced about her father’s efforts to maintain their cultural heritage by teaching…
Prime Minister Narendra Modi, during a rally in Garhwa, Jharkhand, urged voters to support the Bharatiya Janata Party (BJP) for a “double-engine” government in the upcoming state assembly elections. Emphasizing the success of the BJP-led NDA in the recent Lok Sabha elections, Modi encouraged the people to vote similarly in Jharkhand to foster development aligned with the central government’s policies. Addressing the crowd, PM Modi used the phrase, “Roti, Beti, Maati ki pukar, Jharkhand mein BJP-NDA Sarkar” to rally support for BJP-NDA leadership in Jharkhand. He greeted residents for the upcoming Chhath Puja, recognizing the festival’s importance across the state.…
On October 31, 2024, Cyara, a top AI-powered platform for customer experience (CX) transformation, appointed Rishi Rana as its new Chief Executive Officer (CEO). Rana, who has served as Cyara’s President since August 2023, brings a wealth of experience in driving growth and strategic development from his previous role at PowerSchool, where he oversaw three business units and contributed significantly to the company’s valuation growth. Alok Kulkarni, Cyara’s co-founder and former CEO, will transition to the role of Non-Executive Chairman of the Board, offering strategic support and strengthening board relations. Speaking on his new role, Rana expressed excitement for building…
Apple Inc. has significantly boosted its India-manufactured iPhone exports by roughly a third in the past six months, marking a strategic shift to diversify production outside of China. The tech giant exported approximately $6 billion in iPhones from India during this period, setting the company on track to exceed $10 billion in exports for fiscal 2024, according to sources with knowledge of the matter. Taking advantage of India’s supportive policies, skilled labor, and evolving tech infrastructure, Apple is rapidly expanding its production footprint in the country. This shift aligns with its plan to reduce its dependency on China amidst escalating…
In a recent survey, Indian-Americans have flagged inflation as the leading election issue, with other top concerns varying among different groups. The Carnegie Endowment for International Peace’s “2024 Indian American Attitudes Survey” reveals that inflation, impacting prices, was the main concern for 17% of those surveyed, while issues like abortion and the job market/economy followed closely, each cited by 13% of respondents. The survey also pointed out a partisan divide among Indian-American voters. Republican respondents prioritized the economy, including both inflation and jobs, with 39% highlighting it as their main concern. This compares to 24% of Democrats who shared similar…
In a significant economic achievement, India now ranks as the world’s fourth-largest holder of foreign exchange reserves, surpassing the US, Germany, and Canada. The Reserve Bank of India (RBI) recently reported that India’s forex reserves reached a record high of $704.9 billion as of September 27, up by $12.6 billion from the previous week. This new peak not only highlights India’s robust economic standing but also provides a strong financial buffer against global market uncertainties. This achievement marks a dramatic shift from when India was labeled among the “Fragile Five” economies, reflecting the country’s progress toward becoming a fast-growing, stable…