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Indian Mutual Funds Witness Record Equity Inflows
Businessman hand putting the coins and plant on the glass, concept of saving money for finance accounting, growing business
The Indian mutual fund industry showcased its resilience in October 2024, even as market fluctuations led to a decline in assets under management (AUM). Domestic equity funds witnessed a 3.6% month-on-month (MoM) drop, settling at $387.32 billion, following a 6.2% decline in the Nifty index. However, the industry achieved an all-time high in equity inflows, recording $5.92 billion—a significant 37% jump from September .....
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India to Host World Para Athletics Championship in November 2025
India is set to host the prestigious World Para Athletics Championship in November 2025 at the Jawaharlal Nehru Stadium in New Delhi. The Paralympic Committee of India (PCI) has partnered with World Para Athletics, a division of the International Paralympic Committee (IPC), to bring the global event to India. More than 100 countries are expected to participate, making it one of the largest events for para-athletes in India’s history.
The event is expected to cost between $4.8 million and $6 million and will include major upgrades to the Jawah .....
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India’s Pinaka Guided Weapon System Successfully Completes Flight Tests
The Defence Research and Development Organisation (DRDO) announced the successful completion of flight tests for the indigenous guided Pinaka weapon system. The system, which first gained recognition during the Kargil War in 1999, has since evolved from a developmental stage to a major fire support tool for the Indian Army.
Initially used to devastate Pakistani infiltrators, the Pinaka multiple-barrel rocket launcher (MBRL) replaced the Soviet-era GRAD BM-21. Today, a Pinaka MBRL unit consists of 18 launchers, each equipped with 12 tubes. This .....
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Indian Americans to judge Trump based on actions: Leader.
Dr. Bharat Barai, an Indian-American leader, has claimed that about 70% of Hindu Americans voted for Donald Trump in the November 5 presidential election, partly due to his strong support for Bangladeshi Hindus. However, Barai emphasized that the community will now judge Trump based on his actions once in office. This figure, though significant, was not backed by any surveys or data.
Barai criticized the Democratic Party, accusing them of using human rights as a “political tool” for countries like India. He pointed out that neither Presiden .....
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Rohit Chopra’s CFPB to place Google under federal supervision.
Under the leadership of Rohit Chopra, the Consumer Financial Protection Bureau (CFPB) is moving to place Google under formal federal supervision, as reported by The Washington Post. This could result in Google undergoing regular inspections and scrutiny similar to the monitoring that major banks face. However, the tech giant has been resistant to the idea throughout months of secretive discussions, according to sources familiar with the talks.
Founded after the 2008 financial crisis, the CFPB aims to create more effective regulations, enforce r .....
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Indian American Leader Demands Action Against Bangladesh Persecution
Indian American physician and community advocate Bharat Barai has strongly urged the international community to hold the Bangladeshi government accountable for the reported persecution of Hindus. Speaking at the Diwali celebrations in the US Capitol, Barai referenced a statement by President-elect Donald Trump from before the November elections, in which Trump condemned the violent attacks on Hindus, Christians, and other minorities in Bangladesh.
Trump’s statement described the violence as “barbaric” and expressed concern abo .....
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PM Modi begins 5-day tour to Nigeria, Brazil, Guyana.
On Saturday, Prime Minister Narendra Modi began a five-day international tour, which includes visits to Nigeria, Brazil, and Guyana from November 16 to 21. This strategic trip focuses on deepening bilateral ties, attending the G20 Summit in Brazil, and receiving a prestigious honor in Guyana.
The first leg of the journey takes PM Modi to Nigeria from November 16 to 17, at the invitation of President Bola Ahmed Tinubu. Highlighting the close partnership between the two nations, the visit aims to strengthen their strategic relationship. PM Modi w .....
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ISRO Partners With SpaceX for Satellite Launch
SpaceX, the aerospace company led by Elon Musk, has become the first major collaborator with India’s space agency, ISRO, through a multi-million-dollar deal. SpaceX’s Falcon 9 rocket will launch India’s most advanced communications satellite, GSAT-N2, next week.
This collaboration marks the beginning of several commercial engagements between ISRO and SpaceX. While some view the two as competitors in low-cost satellite launches, SpaceX’s leadership in the global commercial space market remains unchallenged.
GSAT-N2, also know .....
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14 nations eye India’s generic pharmacy model.
Inspired by India’s strides in making affordable medicines available to the public, 14 countries from the Global South, including Afghanistan under Taliban rule, are exploring the adoption of India’s Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP) model, according to reliable sources.
Eleven countries, including Nepal, Bhutan, Sri Lanka, Mozambique, Ghana, Suriname, Nicaragua, and the Solomon Islands, have acknowledged Indian drug standards, while Burkina Faso, Fiji Islands, and Saint Kitts and Nevis are actively negotiating .....
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India leads digital revolution with fintech driving payments: RBI.
India is at the forefront of the global digital revolution, as financial technology propels the rapid expansion of digital payments, according to Michael Debabrata Patra, Deputy Governor of the Reserve Bank of India (RBI). He highlighted that the digital economy already constitutes 10% of the nation’s Gross Domestic Product (GDP) and is projected to reach 20% by 2026, based on decade-long growth trends. Patra attributed this progress to India’s robust digital public infrastructure, flourishing IT industry, and youthful population, which boa .....
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Kohli in Hindi, Jaiswal in Punjabi captivate Aussie readers
As cricket fans focus on the upcoming Border-Gavaskar Trophy in Australia, Virat Kohli stands as the embodiment of India’s resilience and legacy. Featured prominently on the front page of The Daily Telegraph’s summer cricket guide, Kohli is hailed as a pivotal figure in India’s journey Down Under, with the Hindi headline “Yugon ki Ladai” (Fight for the Ages) celebrating his iconic career. This series could mark one of Kohli’s last in Australia, a stage where he has previously delivered historic performances.
Meanwhile, the back page .....
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Prime Video Unveils The Rana Daggubati Show Premiering November 23
Prime Video is set to launch its first-ever Telugu talk show, The Rana Daggubati Show, premiering exclusively on November 23. Hosted and created by Rana Daggubati, the unscripted eight-episode series promises unfiltered conversations and entertaining activities with a star-studded lineup, including Dulquer Salmaan, Naga Chaitanya, S.S. Rajamouli, and more.
Breaking away from conventional talk show formats, Rana dives deep into the lives of his guests, revealing personal stories and candid moments. The show offers fans a unique backstage pass to .....
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Indian Americans Among Fortune’s 100 Most Powerful in Business
Several Indian-origin business leaders feature prominently on Fortune’s inaugural “100 Most Powerful People in Business” list, which recognises individuals shaping industries with their influence, innovation, and leadership. Among them are Satya Nadella, CEO of Microsoft; Sundar Pichai, CEO of Alphabet (Google); Shantanu Narayen, CEO of Adobe; Neal Mohan, CEO of YouTube; and Mukesh Ambani, chairman of Reliance Industries.
Satya Nadella has revolutionised Microsoft by steering it through two major transformations—from PCs to the cloud, a .....
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Yogesh Joshi joins UCF to strengthen India-U.S. ties
The University of Central Florida’s India Center celebrated a key moment with the appointment of Dr. Yogesh Joshi as its first Indian Community Endowed Chair and Director during a special Investiture Ceremony. Founded in 2012, the India Center was envisioned to become the premier institution for the study of contemporary India’s influence on global affairs. It offers a range of educational programs, research, and outreach initiatives to the Indian community across Florida and beyond. The Center is part of UCF’s College of Sciences and .....
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What would Trump pay Musk, Ramaswamy to lead DOGE?
Elon Musk and Vivek Ramaswamy have been appointed to lead the Department of Government Efficiency (DOGE), a new initiative under President-elect Donald Trump’s “Save America” campaign. The department’s goal is to streamline government functions by cutting unnecessary regulations, reducing wasteful spending, and reorganizing federal agencies.
Responding to criticism from US Senator Elizabeth Warren, who mocked the two-person team as “inefficient,” Musk highlighted the contrary, stating, “Unlike you, neither of u .....
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PM Modi Honors Birsa Munda on Birth Anniversary
Prime Minister Narendra Modi visited Jamui, Bihar, to commemorate ‘Janjatiya Gaurav Diwas’ and honor the 150th birth anniversary of tribal leader Bhagwan Birsa Munda. Dressed in a white kurta, churidar, and an olive-green ethnic jacket, PM Modi received a warm welcome accompanied by a traditional dance performance. During the event, he paid floral tributes to Birsa Munda’s statue and joined performers in a celebratory dance, even playing a traditional drum. As a gesture of appreciation, the Prime Minister was present .....
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US State Dept: India remains key to Indo-Pacific, global stability
India remains a crucial ally for the United States in promoting Indo-Pacific and global regional stability, according to the US State Department. Under outgoing President Joe Biden’s administration, ties between the two nations have significantly deepened, particularly in trade and security. During a press briefing, Vedant Patel, US State Department Deputy Spokesperson, emphasized the importance of this partnership. He noted that President Biden and outgoing Secretary of State Antony Blinken view India as an essential partner. Over the .....
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India to Lead Global Hydrogen Energy Revolution
India is positioning itself as a leader in global hydrogen energy production and exports, according to Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas. Speaking at the 6th South Asian Geoscience Conference, Puri outlined key initiatives such as hydrogen blending in natural gas pipelines, localizing electrolyzer technologies, and promoting bio-based pathways for green hydrogen production. These efforts aim to make India the hub of green hydrogen, hailed as the fuel of the future.
The nation’s energy demand is surging, with .....
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India’s Workforce to Add 33.89 Million Jobs
3d renderer illustration. White people with magnifying glass and Search job Text. Isolated White background A recent study by ServiceNow reveals that India’s workforce is expected to expand significantly, growing from 423.73 million in 2023 to 457.62 million by 2028. This increase represents an addition of 33.89 million jobs within five years. The report underscores a sharp rise in the demand for skilled professionals, especially in the retail industry, offering opportunities for expertise in Software Application Development and Data E .....
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US lawmakers celebrate Indian Americans at Capitol Hill Diwali event
At the US Capitol, over two dozen lawmakers and prominent Indian Americans gathered to celebrate Diwali, marking the first major post-election event in Congress. The “Diwali at Capitol Hill” celebration, hosted on November 12, was organized by BAPS Shri Swaminarayan Mandir in collaboration with Indian American organizations including the Sikhs for America, Hindu American Foundation, Art of Living, and the Jain Association of North America. President-elect Donald Trump, who was recently elected, is preparing to assume office. Duri .....
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Dominica to Honor PM Modi with Highest Award
The Commonwealth of Dominica will award its highest distinction, the Dominica Award of Honour, to Prime Minister Narendra Modi, recognizing his substantial contributions to the nation during the COVID-19 pandemic and his efforts to strengthen the India-Dominica partnership. Sylvanie Burton, the President of the Commonwealth of Dominica, will present the award at the upcoming India-CARICOM Summit, which is set to take place in Georgetown, Guyana from November 19 to 21, 2024. In February 2021, India donated 70,000 doses of the AstraZeneca COVI .....
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Trump selects Matt Gaetz as AG, Tulsi Gabbard as DNI
President-elect Donald Trump has chosen Florida Republican Rep. Matt Gaetz as his Attorney General, bypassing more traditional candidates for the role of the nation’s top prosecutor. Gaetz, a strong ally of Trump, is set to focus on ending “weaponized government,” reinforcing border security, dismantling criminal networks, and restoring public trust in the Justice Department, according to Trump’s statement.
In another high-profile pick, Trump has selected former Democratic Congresswoman Tulsi Gabbard as his Director of Natio .....
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Is Trudeau easing India stance or Trump’s influence?
Canada appears to be revising its approach toward India following Donald Trump’s U.S. election win on November 5, 2024. This diplomatic shift signals a potentially new chapter in Canada-India relations, influenced by the White House power shift. Previously, Prime Minister Justin Trudeau’s government was vocal in its support of Khalistani separatists operating within Canada, ignoring India’s calls to curb these groups’ activities, which openly challenged India’s sovereignty.
With Trump poised to return to the Oval Office, Canad .....
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Clinton ally Yunus faces a dilemma congratulating Trump
The recent victory of Republican candidate Donald Trump in the U.S. presidential election has left several global leaders unsettled, including Bangladesh’s unelected leader, Mohammed Yunus. Originally backed by populist groups and the military, Yunus was installed in August, replacing Prime Minister Sheikh Hasina. Many South Asian observers suggest that the United States discreetly endorsed this change, as evidenced by the Biden administration’s favorable interactions with Yunus—a notable shift from the relatively strained relations betwe .....
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KPMG: India to witness one of largest 21st-century infrastructure programs
India is on track to launch one of the largest infrastructure initiatives among major economies in the 21st century, with a key focus on creating fiscal sources of capital, as outlined in a KPMG report. According to the ‘KPMG 2024 Infrastructure and Transport CEO Outlook,’ a survey of 120 global sector leaders reveals that CEOs in the infrastructure and transportation industry are optimistic about business growth in the next three years, including increased earnings and workforce expansion.
However, the report highlights that 57% of .....
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