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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 .....
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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. .....
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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 .....
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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 .....
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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 .....
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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 .....
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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 .....
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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 .....
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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 .....
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“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 .....
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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 Soluti .....
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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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