Must Read News

India Delivers First Humanitarian Aid Tranche to Lebanon

On Thursday, India’s Ambassador to Lebanon, Noor Rahman Sheikh, officially handed over the first batch of humanitarian aid from India to Lebanon. This significant delivery was received by Lebanon’s Health Minister, Firas Abiad, who acknowledged the importance of this support during challenging times. The Indian Embassy in Lebanon expressed its commitment to fostering closer ties between the two nations. In a post on X, the Indian Embassy announced, “The first tranche of India’s humanitarian assistance has arrived in Beirut. Health M ..... Read More

IndiXspark’s Inaugural Event Celebrates Indian American Voices

On October 19, 2024, the inaugural IndiXspark event, “Celebrating Indian American Ideas,” took place in Spotswood, NJ, and emerged as a remarkable success. The event, co-founded by Neha Mahajan and Dr. Asha Menon, drew the Indian American community together for an enriching day filled with thought-provoking discussions, networking opportunities, and cultural festivities, all centered around the theme “First-Time Immigrant Experience.” The event kicked off with a captivating sitar performance by Anju Bedi from Vancouve ..... Read More

Minnesota Celebrates Diwali at State Capitol with Dignitaries

On October 15, 2024, Indian Americans marked Diwali with a vibrant celebration at Minnesota’s State Capitol in St. Paul. Hosted by the Association of Indians in America, AIA-Minnesota, this event featured Lt. Governor Peggy Flannigan, who joined in lighting the traditional Diwali lamp alongside community leaders, emphasizing Minnesota’s support for cultural inclusiveness. This gathering marked the second consecutive year of celebrating Diwali at the Capitol, signifying an effort toward making this celebration an annual event in M ..... Read More

PM Modi to Xi: Prioritize Border Peace and Mutual Trust

In their first bilateral meeting since 2019, Indian Prime Minister Narendra Modi and Chinese President Xi Jinping met in Kazan, Russia, during the BRICS Summit. This meeting comes after a significant breakthrough at diplomatic and military levels, leading to a restoration of the status quo at the Line of Actual Control (LAC), which had been disrupted since the military standoff in Ladakh began in May 2020. Tensions between the two countries had escalated following the Galwan Valley clash, but recent agreements on a new patrolling arrangement ..... Read More

Germany Accelerates Military Deal Approvals for India

Germany has granted India a special status to accelerate approvals for military purchases, aiming to fast-track deals, according to German Ambassador Philipp Ackermann. A significant deal, the multi-billion-dollar P-75I submarine project, is currently under review, with Germany’s Thyssenkrupp Marine Systems (TKMS) and Spain’s Navantia competing to supply six advanced submarines to the Indian Navy. The deal, valued at over $5.16 billion, is set to top the agenda during German Chancellor Olaf Scholz’s visit to India this week, with Spanish ..... Read More

India strengthens global leadership with 1,800+ capability centers

India has emerged as the leading destination for Global Capability Centres (GCCs), now home to over 1,800 centers serving more than 1,400 global companies, according to a recent report by JLL India. Since 2022, the country has added more than 100 new GCCs, reinforcing its significance in the global operations of multinational firms. The GCC sector now occupies over 240 million square feet of Grade A office space across the seven largest cities in India. Bengaluru, often referred to as the “Silicon Valley of India,” is at the forefro ..... Read More

IMF director: India remains world’s fastest-growing economy

Krishna Srinivasan, the head of the IMF’s Asia Pacific department, announced that India is on track to maintain its status as the world’s fastest-growing economy, projecting a growth rate of 7% for the fiscal year 2024-2025. This forecast is underpinned by robust macroeconomic fundamentals, including a rebound in rural consumption, which has been bolstered by favorable agricultural yields. During a recent interview with PTI, Srinivasan indicated that inflation is expected to moderate to 4.4% in FY24-25, despite experiencing some flu ..... Read More

Diplomats Awed by Diwali Celebration at BAPS Shri Swaminarayan Mandir, LA

On October 17, 2024, the BAPS Shri Swaminarayan Mandir in Los Angeles, California, hosted its inaugural “Diwali for Diplomats” event, aimed at promoting international relations while celebrating the festival of Diwali. This remarkable evening attracted representatives from over 15 diplomatic missions, including Consuls General and staff from various countries. The initiative was inspired by His Holiness Mahant Swami Maharaj’s vision of enhancing global harmony, embodied in the saying, “In the spirit of Vasudhaiva Kutu ..... Read More

Tirlok Malik’s ‘On Golden Years’ to Premiere at Teaneck International Film Festival 2024

The Teaneck International Film Festival 2024 will showcase Emmy-nominated filmmaker Tirlok Malik’s acclaimed film ‘On Golden Years’ on Sunday, November 10, at 11:30 AM. The screening will take place at Teaneck Cinemas, located at 503 Cedar Lane, Teaneck, NJ 07666. This film marks a significant milestone in Malik’s career, known for its exploration of the immigrant experience in America, with previous works including ‘Lonely in America,’ ‘Khushiyaan,’ and ‘Love Lust and Marriage.’ Tirlok Malik has collaborated with renowned act ..... Read More

Kaivan Munshi Appointed Frederick W. Beinecke Professor of Economics at Yale

Kaivan Munshi, a prominent figure in economic development, was appointed Frederick W. Beinecke Professor of Economics at Yale University in June 2024. He is associated with the Faculty of Arts and Sciences (FAS) within the Department of Economics and is also linked to the Economic Growth Center. With over 30 years of research experience, Munshi has focused on the impact of informal community institutions on development. His initial research provided robust empirical evidence demonstrating how social norms and community networks significantly ..... Read More

Three Indian Americans Named 2024 Moore Inventor Fellows

The Gordon and Betty Moore Foundation announced on September 19 that three Indian Americans have been selected as this year’s Moore Inventor Fellows. This annual fellowship aims to support scientist-inventors who develop innovative tools and technologies, with a focus on making significant advancements in scientific discovery, environmental conservation, and patient care. Harvey V. Fineberg, M.D., Ph.D., president of the foundation, emphasized, “The Moore Inventor Fellowship honors the creativity and ingenuity essential for addressi ..... Read More

Laxmi Vilas Palace to Host Historic Meeting Between PM Modi and Spanish PM

During the Gaekwadi era, the Laxmi Vilas Palace’s ornate durbar hall was the site of extravagant banquets and concerts for royals and state officials. On October 28, the palace will make history by hosting Prime Minister Narendra Modi and Spanish Prime Minister Pedro Sanchez for their first official meeting. Modi and Sanchez will also enjoy lunch at the royal residence, with preparations currently underway. Samarjit Gaekwad, a member of the Gaekwad royal family, stated, “This is the first time two heads of government are being re ..... Read More

India’s Rise as a Global Export Hub for Passenger Vehicles

In September, Ford Motor Company made headlines by announcing plans to reopen its Chennai facility, which had ceased operations in 2021, primarily focusing on exports. While specific details remain undisclosed, reports suggest the automaker is exploring opportunities in the light commercial vehicle and pickup markets, considering both internal combustion engines and electric variants. Additionally, potential collaborations with other manufacturers, including Volkswagen, have surfaced, although Ford declined to comment on these speculations. ..... Read More

India’s PM Gati Shakti: Paving Infrastructure Growth Path

Marking the third anniversary of the PM Gati Shakti National Master Plan, India is witnessing a significant transformation in its infrastructure landscape. This initiative has introduced a coordinated and integrated approach, focusing on multi-modal connectivity across road, rail, air, and waterways, thereby enhancing the nation’s logistics system. PM Gati Shakti is driving efficient project execution, reducing costs, and preparing India for infrastructure-led economic growth. The plan’s key achievements include evaluating over 2 ..... Read More

India poised to seize growth opportunities: Finance Minister

India is in a strong position to tap into new growth possibilities despite the current global economic uncertainties, according to the Union Minister of Finance, Ms. Nirmala Sitharaman. Speaking at Columbia University, she pointed out that India is set to play a significant role as countries look to diversify their supply chains. With a strategy to enhance its domestic capabilities and improve resilience to external economic disruptions, India could gain from the trend towards a more fragmented global market. Despite ongoing global challenge ..... Read More

Is Excessive Standing Bad for Heart Health?

Extensive research has demonstrated that extended periods of sitting can negatively impact overall health, particularly cardiovascular well-being. Earlier studies suggested that standing for extended intervals might mitigate some adverse effects associated with prolonged sitting. However, a recent investigation conducted by researchers at the University of Sydney challenges this notion. Their research suggests that extending the time spent standing does not improve heart health in the long run when compared to sitting. In fact, it may increa ..... Read More

Record Number of Indian-Origin Candidates Elected in British Columbia Assembly

In a historic election, Indian-origin candidates with roots in Punjab have achieved a record 14 seats in the 93-member British Columbia assembly, surpassing the previous high of nine in the last election. The New Democratic Party (NDP) maintained its hold with 46 seats, while the Conservative Party secured 45, and the Green Party claimed two seats. The Greens are now positioned to influence the formation of the next government in British Columbia. Prominent winners include former housing minister Ravi Kahlon and former attorney-general Niki ..... Read More

Indian-origin Pam Kaur to Become HSBC’s First Female CFO

Another month brings news of an Indian-origin industry veteran stepping into a leadership position at a global firm, this time at HSBC. The financial services giant has announced Pam Kaur’s elevation as its first female Chief Financial Officer, effective January 1, 2025, as detailed in regulatory filings with the Hong Kong Stock Exchange. Kaur will succeed interim CFO Jon Bingham in this pivotal role. Residing in London with her husband, Kaur joined HSBC in 2013 as head of auditing and has climbed the ranks at least three times over th ..... Read More

NRI Deposits Surge to $7.82 Billion in 2024

From April to August 2024, investments by Overseas Indians in non-resident Indian (NRI) deposit schemes surged to $7.82 billion, significantly increasing from $3.74 billion during the same timeframe in 2023, according to the Reserve Bank of India (RBI). As of August 2024, the total outstanding NRI deposits amounted to $158.94 billion. These deposit schemes include foreign currency non-resident (FCNR) deposits, non-resident external (NRE), and non-resident ordinary (NRO) deposits. During this period, a notable portion of inflows was directed ..... Read More

Sadhguru Honored with CIF Global Indian Award

Spiritual leader Sadhguru has been awarded the CIF Global Indian Award by the Canada India Foundation for his exceptional contributions to fostering a conscious planet and his proactive leadership in addressing environmental issues. The award is part of an upcoming event aimed at recognizing individuals of Indian descent who have significantly impacted the world. Ritesh Malik, Chair of the Canada India Foundation, remarked, “Sadhguru exemplifies a deep understanding of contemporary challenges while offering solutions to the most pressi ..... Read More

“India Brings Value to BRICS,” says Foreign Secretary Misri

Foreign Secretary Vikram Misri has underscored India’s critical role in BRICS, highlighting its significant contributions to economic growth, sustainable development, and reforms in global governance. Misri made these comments during a media briefing concerning Prime Minister Narendra Modi’s upcoming visit to Russia for the 16th BRICS summit. Misri stated, “The Prime Minister will leave for Kazan tomorrow to attend the 16th BRICS Summit at the invitation of Russian President Vladimir Putin. This year’s theme focuses o ..... Read More

PM Modi cites Mark Mobius’ belief: Invest 50% in India

Prime Minister Narendra Modi praised renowned global investor Mark Mobius for his strong confidence in India’s economic growth, citing his recent comments on the country’s long-term potential. Speaking at the NDTV World Summit, Modi highlighted Mobius’ recommendation that global funds allocate 50% of their investments to Indian markets. Mobius had previously expressed his intent to invest equally in the US and India over the next several years, emphasizing that India’s growth is not just short-term, but a long-lasting ..... Read More

Kamala Harris Raises Over $1 Billion for Campaign

Kamala Harris’ campaign, along with affiliated Democratic groups, raised approximately $633 million in the last quarter, pushing total fundraising efforts past the $1 billion mark. This financial achievement gives Harris a significant lead over Republican rival Donald Trump in the closing stages of the presidential race. In September alone, the Democratic National Committee and state parties, in coordination with Harris’ campaign, pulled in over $359 million, with the campaign itself contributing $222 million. Despite raising mas ..... Read More

Indian-Origin CEOs Among Top 10 Highest-Paid Worldwide

Two Indian-origin Chief Executive Officers have made it into the top 10 of the world’s highest-paid CEOs from S&P 500 companies. According to recent reports, Nikesh Arora, CEO of Palo Alto Networks Inc, ranks within the top 10, earning $151.4 million, equivalent to ?12.73 billion (?1,273.05 crore). Satya Nadella, CEO of Microsoft Corp, also features on the list, with an annual pay of $48.5 million, or ?4.07 billion (?407.85 crore). Additionally, other notable Indian-origin CEOs like Ravi Kumar of Cognizant Technology Solutions and ..... Read More

2024 National Hindu Teacher Award Highlights Excellence

The Directorate General of Hindu Community Guidance under Indonesia’s Ministry of Religion honored outstanding Hindu religious teachers at the National Outstanding Hindu Religious Teacher Award 2024 ceremony, held on October 15 in Bogor, West Java. This prestigious recognition aims to inspire educators to continue excelling in their roles. According to Trimo, Director of Hindu Education, the event coincided with the 2024 Teachers’ Day celebration, and it emphasizes not just professional success but also the importance of being a ..... Read More