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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 ..... Read More

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 ..... Read More

EAM Jaishankar: Our approach focuses on long-term partnerships, not transactions

External Affairs Minister S. Jaishankar elaborated on India’s global strategy, emphasizing that it is not merely transactional but focused on fostering long-term partnerships. Speaking at the India-Russia Business Forum, he outlined ten key areas to further strengthen the India-Russia relationship. Jaishankar noted that the Forum came just three months after the Annual Summit between President Putin and Prime Minister Modi in Moscow, which, along with the BRICS summit in Kazan, provided the strategic direction for this gathering. He emphasize ..... Read More

India’s Passenger Aircraft Fleet Set to Surge in Next 20 Years

India’s passenger aircraft fleet is projected to expand from 720 planes at the end of 2023 to more than 3,800 by 2043, according to the 2024 Cirium Fleet Forecast. This increase will boost the country’s share of the Asia-Pacific passenger fleet from 8% to 18% by 2043. The forecast highlights India’s growing importance in global commercial aviation, with the nation being considered separately from the broader Asia-Pacific region for the first time. In 2023, Indian airlines led the world in aircraft orders, ranking second globally after the ..... Read More

PM Modi Warns Against Divisive Forces, Celebrates Swaminarayan Mandir’s Legacy

On Monday, Prime Minister Narendra Modi warned against attempts to divide society along caste, religion, and linguistic lines, attributing these efforts to individuals seeking personal gain. Speaking via video conference at the 200th-anniversary celebrations of the Shree Swaminarayan Mandir in Vadtal, Gujarat, PM Modi emphasized the importance of societal unity in the face of such divisive forces. He highlighted that there is a deliberate effort to divide society along lines of caste, religion, language, and other differences, emphasizing th ..... Read More

Kiran Rao’s ‘Laapataa Ladies’ Renamed to ‘Lost Ladies’ for International Release

Kiran Rao’s film, Laapataa Ladies, has been renamed Lost Ladies as it prepares to make its mark on the international film circuit. Initially selected as India’s official entry for the Oscars 2025, the film unveiled its new name and poster on Instagram this Tuesday to mark the beginning of its Academy Awards campaign. The fresh poster showcases the film’s vibrant, quirky essence, highlighting the central characters of Phool and Jaya, offering a preview of their lively journey. The poster’s tagline reads, “Sometimes you have to lose you ..... Read More

Juie Shah of DDB Chicago Joins Forbes Communications Council

Juie Shah, Senior Vice President and Group Strategy Director at DDB Chicago, has been invited to join the Forbes Communications Council, an exclusive, invitation-only community for top communications, marketing, and public relations professionals. Originally from Mumbai, India, Juie’s diverse upbringing fueled her curiosity about human behavior, which led her to pursue a career in consumer insight and strategy after moving to the U.S. for graduate studies. Over the past seven years at DDB, Juie has worked on key accounts in insurance, telecom ..... Read More

Elon Musk, Vivek Ramaswamy lead ‘DOGE’ to improve efficiency.

President-elect Donald Trump has appointed Tesla and SpaceX CEO Elon Musk, alongside entrepreneur Vivek Ramaswamy, to lead a new initiative focused on enhancing government efficiency, titled the Department of Government Efficiency (DOGE). Trump announced this decision on Tuesday, emphasizing the mission to reduce bureaucracy, cut excess regulations, and streamline federal agencies. Trump noted that DOGE would partner with the White House and the Office of Management and Budget (OMB) to implement entrepreneurial strategies for structural refo ..... Read More

Congressman Mike Waltz as National Security Advisor Boosts India-US Relations

President-elect Donald Trump’s selection of Congressman Mike Waltz as his National Security Advisor is likely to be positive for the India-US relationship, according to Indian-American Democratic Congressman Ro Khanna. Waltz, a Republican, and Khanna, a Democrat, co-chair the Congressional Caucus on India and Indian Americans, which is the largest country-specific caucus in the House. Khanna expressed confidence in Waltz’s role, sharing that they have collaborated on multiple initiatives aimed at strengthening ties with India. Waltz wil ..... Read More

Dr. Akshay Khandelwal Appointed to Gerald E. McGinnis Endowed Chair

Dr. Akshay Khandelwal has been named to the Gerald E. McGinnis Endowed Chair in Cardiovascular Medicine at Allegheny Health Network (AHN), backed by a $2 million endowment from the McGinnis family to support his goal of advancing cardiac treatments and easing the burden of heart disease across diverse patient populations. An interventional cardiologist, Dr. Khandelwal specializes in catheter-based treatments for heart disease, with a focus on complex coronary procedures like angioplasty, stenting, and diagnostic cardiology. Expressing gratitude ..... Read More

India’s Apparel Export Growth to US Boosts Competitiveness

Interior of clothing store with stylish merchandise on racks, fashionable brand design and casual wear in modern boutique. Empty fashion showroom in shopping centre with elegant merchandise. India’s portion of the US apparel market increased from 4% in 2013 to 5.8% by 2023, according to a report from the US International Trade Commission (USITC). This growth reflects a broader shift in the global market, where countries like Bangladesh, India, Indonesia, Cambodia, and Pakistan have gained significant ground as China’s share in US appare ..... Read More

Trump’s Victory Signals Change for India-US Relations

Donald Trump is set to return to the White House on January 20, 2025, marking a significant shift in US politics and global relations. Despite the 28% GST on online gaming, his victory was unexpected and nearly a landslide. Prime Minister Narendra Modi congratulated Trump on his election win, calling it a reflection of American trust in his leadership. Both leaders have worked closely to strengthen India-US ties, particularly in sectors like technology, defense, energy, and space. Modi praised the partnership, recalling events like “Howdy ..... Read More

India’s Gaming Market Surges Amid GST Hurdles

India’s gaming market saw significant growth in 2023-24, reaching US$ 3.8 billion in revenue, a 23% increase year-over-year (YoY), despite the imposition of a 28% Goods and Services Tax (GST) on online gaming, as reported by gaming-focused venture capital firm Lumikai. The market is projected to exceed US$ 9.2 billion by FY29, expanding at a five-year compound annual growth rate (CAGR) of 20%. Real-money gaming (RMG) continues to be the largest revenue generator, contributing US$ 2.4 billion. However, in-app purchases are the fastest-grow ..... Read More

Apple aims for 32% iPhone production, 26% value in India by FY27

Apple Inc. and its partners plan to assemble 32% of the world’s iPhone production and 26% of its total value in India by the 2026-27 fiscal year. This shift, following the end of the five-year Production-Linked Incentive (PLI) scheme for mobile devices, could lead to a production value exceeding US$ 34 billion, assuming global iPhone sales remain consistent with figures from the 2023-24 fiscal year. These projections are based on discussions between Apple, its suppliers, and government officials, although Apple did not respond to an inquiry f ..... Read More

India to Build Complete Solar Equipment Manufacturing Ecosystem: Vineet Mittal

Vineet Mittal, Founder and Chairman of Avaada Group, revealed at the Abu Dhabi International Petroleum Exhibition and Conference that India aims to establish a fully integrated solar equipment manufacturing ecosystem within the next four to five years. This ambitious goal contrasts with the 20-plus years other countries have taken to develop similar infrastructures. Currently, India’s solar sector faces challenges due to its reliance on imports for key components, slowing growth. However, Mittal expressed confidence that this situation wi ..... Read More

India’s Economy Set to Reach $35 Trillion in 25 Years: Piyush Goyal

On Friday, Union Minister for Commerce and Industry, Piyush Goyal, projected that India’s economy would increase from US$ 3.5 trillion to US$ 35 trillion over the next 25 years. Speaking at the Amazing Goa Global Business Summit 2024, Goyal stated that India is poised to become the third-largest economy globally within the next three years, attributing this growth to the country’s strong economic fundamentals. These include low inflation, solid foreign exchange reserves, and a welcoming investment climate that has seen foreign direct invest ..... Read More

India’s Bid for 2036 Olympic Games Highlights Cultural Unity

India’s bid to host the 2036 Olympic Games draws attention to its rich cultural diversity, historical significance, and growing global influence. In a letter sent to the International Olympic Committee (IOC) last month, the Indian Olympic Association (IOA) outlined the country’s intent to host both the Olympic and Paralympic Games, backed by the government. India is competing with other nations, including Qatar, Saudi Arabia, and Turkey, for the prestigious event. The letter highlights India’s unique position as a cultural ..... Read More

Raja Krishnamoorthi Urges US to Protect Hindus in Bangladesh

Following violent attacks on Hindu businesses and temples in Bangladesh, US Congressman Raja Krishnamoorthi has urged the US State Department to strengthen its efforts to protect the country’s Hindu minority. This surge in violence occurred after the ousting of Prime Minister Sheikh Hasina on August 5, targeting the community, which constitutes around 8% of Bangladesh’s population of 170 million, while Muslims make up approximately 91%. Krishnamoorthi, who represents Illinois’ 8th Congressional District, was briefed by the US ..... Read More

Lavanya Chandrashekar Named CFO of News Corp

News Corp has appointed Lavanya Chandrashekar as its new Chief Financial Officer, effective January 1, following Susan Panuccio’s departure. Panuccio, who has been with News Corp since 2017, has chosen to step down to spend more time with her family. Under her financial guidance, the New York-based media company experienced substantial growth, transitioning to a digital and subscription-focused model, expanding business-to-business (B2B) services at Dow Jones, and achieving over a 140% rise in share value. CEO Robert Thomson commended Panucci ..... Read More

Six Indian Americans make history in House elections.

Indian Americans have strengthened their representation in the U.S. House of Representatives, increasing their numbers from five to possibly seven members. Indian-American lawyer and Virginia State Senator Suhas Subramanyam made history by winning a congressional seat from Virginia’s 10th District, marking the first time an Indian American from the East Coast has been elected to Congress. Subramanyam, a former advisor to President Obama, joins the “Samosa Caucus”—a group of Indian American members currently serving in ..... Read More

Trump’s Return Sparks Optimism in India-U.S. Ties

India is eagerly anticipating positive developments as Donald Trump prepares to take office on January 20, 2025. The Modi administration and the Indian public see potential for deeper connections with the United States, despite some past friction over trade tariffs. Both countries are set to build on a foundation of mutual interests established during Trump’s previous term. Prime Minister Modi and President-elect Trump share a close rapport, as evidenced by their recent conversation following Trump’s victory in the U.S. election, ..... Read More

India’s steel exports see double-digit growth in October

India’s steel exports saw a significant rise to 4.4 million tonnes in October, a sharp increase from just 400,000 tonnes in September. This growth came at a time when imports into the country decreased, providing an opportunity for domestic steel companies to secure better prices for their products, according to a senior official. The decline in imports marks the first reduction in the current financial year, following the Indian government’s restrictions on the import of low-quality steel from countries like Vietnam. As a result ..... Read More

Putin: India deserves global superpower status due to growth.

In a recent address at the Valdai Discussion Club in Sochi, Russian President Vladimir Putin declared that India should undoubtedly be considered among the world’s superpowers, citing its rapidly growing economy, rich cultural heritage, and status as the most populous nation globally. He praised India’s impressive economic growth, noting its economic expansion outpaces all other nations and its vibrant future prospects. Putin highlighted the deep trust and robust cooperation between Russia and India, particularly in defense and security ..... Read More

Gujarat Leads India’s Semiconductor Revolution with Groundbreaking Policy

In line with Prime Minister Narendra Modi’s vision for a self-reliant India by 2047, the Gujarat government, under the leadership of Chief Minister Bhupendra Patel, has unveiled the country’s first-ever ‘Gujarat Semiconductor Policy 2022-2027’. This policy aims to establish Gujarat as the leader in India’s semiconductor manufacturing sector and reduce dependence on foreign imports. To ensure successful implementation, the state has set up the ‘Gujarat State Electronics Mission’, a dedicated body to oversee ..... Read More

PM Modi: No power can restore Article 370 in J&K.

Prime Minister Narendra Modi began his campaign for the Maharashtra state assembly election in Dhule, urging citizens to reject the Maha Vikas Aghadi (MVA), accusing them of corruption and illegally forming the previous government. Modi promised voters that his government is committed to Maharashtra’s progress and farmers’ welfare, in stark contrast to the alleged failures of the MVA. Modi also announced an increase in financial aid under the Kisan Samman Nidhi scheme, raising the support from $144 to $180 per year starting in th ..... Read More