Must Read News

Hitman Rohit Sharma First to Hit 600 Sixes in International Cricket

On Wednesday, Indian skipper Rohit Sharma set several new records, including becoming the first batter to hit 600 sixes in international cricket. During India’s T20 World Cup opener against Ireland at the Nassau Stadium in New York, Rohit Sharma, known as the ‘Hitman’, climbed multiple records’ lists with his outstanding performance. Chasing a modest target of 97 runs on a challenging pitch, Rohit first surpassed the 4000-run mark in T20 internationals. Needing just 26 runs to reach this milestone, Rohit achieved it in t ..... Read More

BofA’s Kaku Nakhate: “This century is India’s”

Bank of America’s President and Country Head for India, Kaku Nakhate, is confident that India is on track to become the world’s third-largest economy. Nakhate highlighted that the recent election results endorse the continuation of current policy measures and underscored the need for the government to stay focused on reforms. Nakhate expressed her belief in the relentless growth of the Indian economy, stating that this century belongs to India. She emphasized the anticipated increase in foreign direct investment (FDI) and the expect ..... Read More

Varun Dhawan, Natasha Dalal welcome baby girl

Varun Dhawan and Natasha Dalal’s baby girl arrived on June 3rd. The couple shared the joyous news with the world through an adorable video posted by the actor. The animated clip featured their pet dog, Joey, holding a sign that read, “Welcome, lil sis.” The new parents expressed their happiness and emphasized the importance of privacy during this special time. They conveyed their delight with the new blessing and kindly requested the media to respect their privacy. Varun also took to Instagram to share the news of their baby girl’s ..... Read More

Italian PM congratulates PM Modi on Lok Sabha win, pledges unity

Italian Prime Minister Giorgia Meloni congratulated Prime Minister Narendra Modi on securing his third straight victory in the Lok Sabha elections. She expressed confidence that both leaders would work together to strengthen the friendship between Italy and India. Meloni further emphasized the cooperation between the two nations on various issues that benefit their people. She conveyed her congratulations and best wishes to Modi via a post on X, highlighting the importance of continued collaboration for the well-being of both countries. Earlier ..... Read More

India highlights partnership, contributions with UNDP

India emphasized its significant contributions to the United Nations Development Programme (UNDP) resources during an interactive dialogue at the UN. Petal Gahlot, India’s First Secretary for the Second Committee of the UNGA, highlighted this during her address on Tuesday. She noted that during India’s G20 Presidency, the UNDP served as a knowledge partner on Digital Public Infrastructure. Gahlot also underscored the collaborative efforts between India and the UNDP on the localisation of Sustainable Development Goals (SDGs) and the multidimensi ..... Read More

Modi 3.0: PM and cabinet to take oath June 8, sources say

Prime Minister Narendra Modi is expected to be sworn in on June 8, following the National Democratic Alliance (NDA) securing a majority in the 2024 Lok Sabha elections, according to sources reported by India Today. Alongside him, the newly appointed cabinet of Union Ministers will also take their oaths on the same day. In a related development, the 17th Lok Sabha cabinet has recommended its dissolution. The 2024 Lok Sabha election results came as a surprise, with the Opposition INDIA alliance exceeding exit poll expectations, thereby prevent ..... Read More

ICRA: Domestic Steel Consumption to Grow 9-10% in FY25

Credit rating agency ICRA has recently revised its forecast for steel demand growth in the current fiscal year, increasing its estimate to 9-10%. This upward revision reflects the strong performance of the sector in recent months, with domestic steel consumption registering a growth of 11.3% between February and April 2024. According to ICRA, the steel industry has experienced its fastest growth in three years, driven by robust government capital expenditure and strong demand from other sectors such as housing and real estate. The agency’ ..... Read More

India’s space economy goal: US$ 44 billion by 2033, IN-SPACe chief

The launch of Agnikul Cosmos’ Agnibaan rocket marks a significant milestone for India’s space sector, demonstrating the country’s expertise in complex rocket technology using a semi-cryogenic engine. This achievement, along with the developments by other private companies like Skyroot Aerospace and the upcoming Small Satellite Launch Vehicles (SSLV), positions India as a potential global hub for small satellite launches. The Indian government’s commercial arm, IN-SPACe, is playing a crucial role in this growth by establi ..... Read More

Chandrababu Naidu to Be Andhra CM, PM Modi to Attend Oath

Telugu Desam Party (TDP) chief N Chandrababu Naidu is scheduled to take the oath as the new Chief Minister of Andhra Pradesh on June 9, according to sources. Prime Minister Narendra Modi is anticipated to be present at the event. The TDP-led alliance is heading for a sweeping victory, securing a significant lead in 158 out of 175 assembly constituencies, paving the way for Mr. Naidu to govern Andhra Pradesh once more. At 74, Mr. Naidu will assume the role of Chief Minister for the fourth time, having previously served as Chief Minister of undiv ..... Read More

Indian-American physician wins AIA Excellence in Healthcare

Indian-American Dr. Rekha Bhandari, a well-known general physician based in New York, is among five individuals of Indian descent to receive the Association of Indians in America (AIA) award. The New York chapter of the AIA, one of the oldest national associations of Indian origin people in the US, honored Dr. Bhandari with the “Excellence in Healthcare Administration” award. Dr. Bhandari expressed her gratitude upon receiving the award, stating, “AIA is one of the oldest organizations representing the Indian American commu ..... Read More

In May, UPI transactions set a new record at US$ 246.15 billion

In May, Unified Payment Interface (UPI) transactions surged to a record high, processing 14.04 billion transactions valued at US$ 246.15 billion (Rs. 20.45 trillion). This marks a 6% increase in volume compared to April, which saw 13.30 billion transactions, and a 4% rise in value from US$ 236.40 billion (Rs. 19.64 trillion). Data from the National Payments Corporation of India (NPCI) revealed that May’s figures soared by 49% in volume and 39% in value compared to May 2023, signaling the highest transaction volume and value since UPI̵ ..... Read More

GDP Growth Robust, Banks’ Balance Sheets Healthy: RBI

The Reserve Bank of India has observed that India’s GDP growth remains robust, propelled by vigorous investment demand backed by sound bank and corporate balance sheets. This growth is further reinforced by the government’s emphasis on capital expenditure and the implementation of prudent monetary, regulatory, and fiscal policies. Despite encountering challenges from a complex global economic scenario, India’s economy is well-poised to advance its growth trajectory over the coming decade, maintaining stability both macroeconom ..... Read More

India’s US$ 100B Corporates Grow: 8 with 3 New

The landscape of Indian corporate conglomerates valued over US$ 100 billion has recently expanded, now comprising eight entities. This growth was primarily fueled by a robust surge in domestic equities. Among the recent additions to this elite group are Sunil Mittal’s Bharti Airtel group, the ICICI Bank group, and Kumar Mangalam Birla’s Aditya Birla group. The leading conglomerate remains the venerable Tata group, boasting a combined market capitalization of over US$ 366 billion. It is closely followed by Mukesh Ambani’s Relia ..... Read More

Munjya: Folklore Horror-Comedy Trailer Released by Maddock Films

Maddock Films, known for hits like ‘Stree’ and ‘Bhediya’, unveils the trailer for their latest horror-comedy featuring India’s CGI actor, ‘Munjya’. Scheduled for June 7, 2024, the film explores Munjya’s love obsession within a horror narrative inspired by folklore. Earlier teasers and posters sparked curiosity about ‘Munjya’ and its quest for ‘Munni’. Producer Dinesh Vijan describes the film as a love story centered on Munjya’s unrequited affection for Munni, promi ..... Read More

PM Modi: Bharat’s global development vision: dream new dreams

Prime Minister Narendra Modi, reflecting on India’s progress and potential, calls for unity and dedication towards a developed India by 2047. In a note written on his return flight to Delhi after a 45-hour meditation retreat in Kanniyakumari, PM Modi urges dedicating the next 25 years solely for the country’s growth. He emphasizes creating a strong foundation for future generations and taking Bharat to new heights. Acknowledging Bharat’s strengths and global significance, PM Modi stresses understanding and nurturing its cap ..... Read More

Marcos Jr. seeks peace, collaboration with India

President Marcos Jr. of the Philippines marked a historic moment by becoming the inaugural Philippine leader to present the keynote speech at the 21st International Institute for Strategic Studies (IISS) Shangri-La Dialogue in Manila on Friday. He emphasized that ASEAN Centrality remains a fundamental component of the Philippines’ foreign policy. In his speech, Marcos Jr. described India as a valued ally and expressed Manila’s intention to continue its collaborative efforts with New Delhi. He expressed, “We will fortify our ti ..... Read More

Strong US-India ties; co-producing vehicles: Sec. Austin at Shangri-La

At the Shangri-La Dialogue in Singapore on Saturday, U.S. Secretary of Defense Lloyd Austin praised the current state of U.S.-India relations, describing them as stronger than ever before. He highlighted the collaborative efforts between the two nations, particularly in the co-production of armored vehicles. During his address at Asia’s premier security summit, Austin elaborated on the longstanding initiative to enable India to build jet engines for fighter aircraft domestically. He noted the significant strides made in co-producing both fighte ..... Read More

Raj Chetty receives honorary doctorate from Wesleyan University

Raj Chetty, a renowned Indian American economist, was recently honored with an Honorary Doctor of Humane Letters by Wesleyan University, a private liberal arts institution in Middletown, Connecticut. During his speech to the Class of 2024 at Wesleyan’s 192nd Commencement ceremony, Chetty highlighted his research on how opportunity disparity affects social mobility. He commended Wesleyan for its leadership in expanding access to higher education. “When a child moves to a neighborhood with better schools or attends a high-quality college, t ..... Read More

Indian elections a miracle, world record 642M voters: CEC

On the eve of vote counting, Chief Election Commissioner (CEC) Rajiv Kumar announced on Monday that the Lok Sabha elections in India have achieved the highest voter turnout in the world. He described the Indian elections as a “miracle” during a press conference. During the press briefing, CEC Rajiv Kumar applauded the voters who participated in the Lok Sabha elections. He highlighted the record-breaking participation of 642 million voters, marking a historic achievement. This figure represents 1.5 times the combined voter base of the G7 countri ..... Read More

Editorial – June 1, 2024

India is at the beginning of a new era, with Prime Minister Narendra Modi set to lead the nation for an unprecedented third consecutive term. This historic achievement reflects the faith of millions of Indians in Modi’s vision and leadership. The election results, which defied the predictions of numerous pollsters, underscore the widespread support and confidence in his governance. A series of transformative initiatives aimed at revitalizing the Indian economy, improving infrastructure, and enhancing India’s global standing have ..... Read More

Prime Minister Narendra Modi will lead India for an unprecedented third consecutive term in office. All of India’s pollsters predicted

Local exit polls in India suggested that Prime Minister Narendra Modi will likely win a legislative majority, putting him on track for an unprecedented third consecutive term in office. His alliance with the Bharatiya Janata Party is driving this campaign. Several pollsters, including India Today (Axis My India), Today’s Chanakya, Times Now (ETG), C-Voter, and CSDS-Lokniti, have released their exit poll forecasts for the 2024 Lok Sabha Elections. The local news channel NDTV published an exit poll summary, predicting the BJP-led Nationa ..... Read More

Florida 12-year-old wins 96th Scripps National Spelling Bee

Bruhat Soma, a 12-year-old from Florida, triumphed in the 96th Scripps National Spelling Bee on Thursday night. He outlasted seven other finalists and secured victory by defeating his final competitor in the competition’s second-ever spell-off. During this intense round, Bruhat correctly spelled 29 words, while his rival, 12-year-old Faizan Zaki from Texas, managed to spell 20 words. After Bruhat was declared the champion, the two competitors shared a congratulatory handshake. The spell-off is a special round that comes into play when ..... Read More

Thousands of Pilgrims Stranded Near Sitapur en Route to Kedarnath

With a significant influx of pilgrims visiting the Kedarnath Temple in Uttarakhand, a video depicting chaos near the Sitapur area has gone viral on the Internet. Due to the overwhelming crowd, offline registration for the Char Dham Yatra has been suspended until May 31. The viral video captures over a thousand pilgrims trapped in heavy traffic in the Sitapur area, with most of them on foot. The footage shows vans stuck in a narrow lane, and a voice can be heard saying, “If you want to come to Kedarnath, please watch this video. This is just Sit ..... Read More

Drugmakers to see FY25 revenue boost in US market: India Ratings

Indian pharmaceutical companies, with a strong presence in the U.S. market, are projected to maintain their revenue growth in fiscal 2025 due to ongoing drug shortages in the United States, according to Mumbai-based India Ratings and Research. As a major hub for bulk generic drug manufacturing, Indian firms such as Dr. Reddy’s, Cipla, and Sun Pharma generate a significant portion of their revenue from markets in both the U.S. and Europe. The U.S., the largest pharmaceutical market globally, is experiencing its highest level of drug shorta ..... Read More

Large Indian banks to improve asset quality this fiscal: S&P

India’s largest banks are expected to enhance their asset quality this fiscal year, driven by record-breaking net incomes that are bolstering their balance sheets and improving underwriting standards, as reported by S&P Global Market Intelligence. The combined nonperforming loans (NPLs) of the three largest private and three largest public banks declined to $41.76 billion (Rs. 2.48 trillion) for the 12 months ending March 31, representing an 11% reduction from the previous year’s $33.47 billion (Rs. 2.79 trillion). This improvem ..... Read More