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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 .....
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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 .....
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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 .....
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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 .....
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India Embraces a Forward-Looking Strategy: PM Modi
On Monday, Prime Minister Narendra Modi announced that India is adopting a proactive “look forward” approach in its governance and development strategy. Traditionally, governments have compared their achievements with those of their predecessors, but Modi asserted that from now on, success will be measured by future aspirations rather than past performances. “The focus will be on what we aim to achieve,” he stated, adding that the vision for a developed India by 2047 is integral to this new mindset. During his remarks .....
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India’s Digital Revolution Sets Global Standard: Paul Romer
Nobel Laureate Professor Paul Michael Romer praised India’s digital revolution as one of the most remarkable success stories globally, stating it has established a new benchmark for world powers. Currently visiting India, Romer, who also served as the Chief Economist at the World Bank, is set to be a prominent speaker at the two-day NDTV World Summit beginning October 21. Romer highlighted a distinctive aspect of India’s digital transformation, emphasizing that South Asian countries could significantly benefit by emulating this m .....
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Trump vs. Harris: Views on U.S.-India relations
There is a possibility that a Trump presidency might prioritize a “Make America Great Again” agenda over Vice President Harris, despite her Indian heritage. Although she has recognized her roots, Harris has not actively engaged with India during her tenure. This can be attributed to her role as vice president, where alignment with the administration’s policy is paramount. Displaying too much affinity for India might expose her to accusations of divided loyalties. Should she ascend to the presidency, Harris’s policies .....
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Russia urges India for permanent UN Security Council seat.
Russia’s Foreign Minister, Sergey Lavrov, has asserted that India, Brazil, and African nations should be granted permanent representation in the United Nations Security Council (UNSC). This statement, reported by the state-owned TASS news agency, emphasizes the need for these countries to have a voice in the Council to better reflect the global majority. Lavrov expressed his belief that it is long overdue for countries like India and Brazil, along with African representatives, to hold permanent seats in the Security Council. He stated .....
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Trump Celebrates Kamala Harris’s Birthday at McDonald’s
In a surprising turn of events at a McDonald’s in Pennsylvania, Donald Trump took to the fry station to serve food and extended birthday wishes to his rival, Kamala Harris, who celebrated her 60th birthday. During his time at the fast-food restaurant, Trump remarked, “Happy birthday, Kamala… maybe I’ll bring her some flowers along with fries.” As supporters lined up to see the former president pop up at the drive-thru window, Trump, 78, received a quick lesson from a McDonald’s employee on how to properly .....
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Indian Americans Gain Political Influence in 2024 US Election
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India’s logistics costs to dip to single digits in two years: Nitin Gadkari.
Union Road Transport and Highways Minister Nitin Gadkari announced that India’s logistics costs are set to decrease to a single-digit figure within the next two years. Speaking at a NITI Aayog event, he emphasized that the ongoing construction of highways and expressways would contribute to lowering logistics costs to 9%. According to the National Council of Applied Economic Research (NCAER), logistics costs in India were estimated to be between 7.8% and 8.9% of GDP for the 2022-23 fiscal year. Gadkari also highlighted India’s po .....
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President Droupadi Murmu Signs Multiple MoUs During Historic Visit to Malawi
President Droupadi Murmu met with her Malawian counterpart, Lazarus Chakwera, and signed several Memorandums of Understanding (MoUs) during her visit. This trip marks the final leg of her three-nation tour, which included Algeria and Mauritania, taking place from October 13 to 19. During their discussions on Friday, President Murmu and President Chakwera covered a wide array of topics, leading to the signing of MoUs focused on Arts and Culture, Youth Affairs, Sports, and Pharmaceutical Cooperation. Additionally, Murmu announced the Indian go .....
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India projected to capture 8-10% of global CDMO share by 2033.
According to a report by McKinsey & Company, India is projected to secure 8-10% of the global work share outsourced to Contract Research Development & Manufacturing Organizations (CDMOs) by 2033. This forecast arises from a notable shift of outsourcing activities from the EU and US towards Asian countries, with India and South Korea emerging as key players. The global CDMO sector, currently valued at approximately $224 billion, is expected to grow to $465 billion by 2032. The McKinsey analysis highlights that the changing geopolitica .....
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Akshaya Patra’s Tri-State Annual Gala Raises $3 Million for Hunger Relief
The Tri-State Annual Gala hosted by the non-profit Akshaya Patra on October 12, 2024, at the Newark Liberty International Airport Marriott raised an impressive $3 million to support its mission of eradicating classroom hunger. The event, attended by 500 guests, featured high-profile speakers and performers, with proceeds boosted by a silent auction. Dr. Rachana Kulkarni, head of Akshaya Patra’s tri-state chapter, expressed gratitude for the overwhelming support. The evening highlighted Akshaya Patra’s impact, especially after the .....
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Adobe CEO Shantanu Narayen wins Chiratae Ventures’ Lifetime Achievement Award
Chiratae Ventures announced Adobe CEO Shantanu Narayen as the recipient of the Global Lifetime Achievement Award during a ceremony in Palo Alto on September 16, 2024. Narayen was recognized for his nearly two decades of leadership at Adobe, steering the company through significant technological shifts, including its transition to cloud computing and its expansion into digital experiences. The award celebrates global leaders’ impact on India’s tech entrepreneurial ecosystem. In addition to Narayen, the venture capital firm honored .....
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Indian-Origin Teen Wins 2024 3M Young Scientist Challenge
Sirish Subash, a ninth-grade student from Snellville, Georgia, has claimed first place in the prestigious 2024 3M Young Scientist Challenge, a renowned competition held in St. Paul, Minnesota. Attending the Gwinnett School of Mathematics, Science, and Technology, Sirish earned the top honor with his invention, “Pestiscand,” an AI-powered handheld pesticide detector. His creation secured him a USD 25,000 prize and the esteemed title of “America’s Top Young Scientist.” Organized by 3M and Discovery Education, the .....
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IAA Launches Artist Development Program for BIPOC Creatives
The Indo-American Association (IAA), a Houston-based cultural institution, is excited to introduce its Artist Development Program, starting on October 22, 2024. This four-week initiative is designed to help artists of color, including those from Indian, Pakistani, Black, Indigenous, and other backgrounds, strengthen their skills and establish stable careers in the arts. The program aims to benefit artists at all stages, whether emerging, mid-career, or established, by providing them with a comprehensive curriculum focused on industry knowled .....
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Indian diaspora kicks off Diwali celebrations across New York.
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Professor Neena Mitter Joins Charles Sturt University
Indian-origin academic, Professor Neena Mitter, renowned for her pioneering work in sustainable agriculture, has been appointed as the Deputy Vice-Chancellor Associate (Global Research) at Charles Sturt University, effective October 1, 2024. She will spearhead the university’s international research initiatives, bringing her vast experience in interdisciplinary collaborations. Expressing her excitement for the role, Professor Mitter emphasized her dedication to fostering global research partnerships and driving innovation. She noted th .....
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Eight Indian-American Led Firms Shine on 2024 CO-100 List
At least eight companies led by Indian Americans have been featured in the US Chamber of Commerce’s prestigious 2024 CO—100 list. This list recognizes 100 of the most outstanding small and mid-sized businesses across America for their innovation, growth, and positive impact on their communities. These companies are celebrated for their creative ideas, overcoming challenges, fostering strong company cultures, and engaging with customers on a deeper level, according to the Chamber. Among the highlighted businesses is Digit7, led by .....
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Mutual Fund Industry’s AUM Hits $798 Billion Milestone in 2024
As of September 2024, the mutual fund industry’s assets under management (AUM) reached an impressive $798.25 billion, marking a 0.58% increase from August and a remarkable 25.64% jump since March 2024, according to a report from Axis Mutual Fund. The industry has maintained strong growth, with a compound annual growth rate (CAGR) of 24.19% since March 2021. Equity funds led the charge in September with a 3.37% growth, while hybrid funds followed with a 1.64% rise. In contrast, debt funds experienced a 1.33% drop, and cash assets saw a .....
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Sitharaman urges Mexican firms to collaborate with Indian startups.
During her speech at the Tech Leaders Roundtable in Guadalajara, Mexico, Indian Finance Minister Nirmala Sitharaman urged Mexican businesses to partner with Indian startups and academic institutions. She emphasized the benefits of India’s pro-business environment and highlighted the potential for both nations to enhance economic growth through cooperation. By drawing attention to Mexico’s achievements in nearshoring, which has facilitated partnerships between multinational firms and boosted talent exchange, Sitharaman pointed to .....
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Sixth International Hindi Conference Inaugurated in New York
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20 Million Indians Enrich Saudi Society: Deputy Minister of Media.
In Riyadh, Saudi Arabia, Mr. Khalid bin Abdulqader Al-Ghamdi, the Deputy Minister of Media, commended the vital contributions of the 20.6 million Indians residing in the Kingdom. His remarks were made during the launch of the ‘Global Harmony’ initiative, part of Saudi Arabia’s “Quality of Life” Programme, which aims to fulfill the objectives of Vision 2030. The Riyadh Season, which began on October 13, features a diverse array of events celebrating the cultures of 11 nations, including India, the Philippines, an .....
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India’s Growth Rate Shines Bright in Global Economy: Ajay Banga.
World Bank President Ajay Banga lauded India’s growth rate as one of the most impressive in the global economy, attributing much of this progress to the strength of its domestic market. Speaking to reporters ahead of the World Bank and International Monetary Fund’s annual meeting, Banga remarked, “Achieving growth rates of six to seven percent in the current global environment reflects the successful measures India has implemented.” He pointed out that a significant portion of this growth is fueled by domestic demand, .....
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