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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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Dr. Shubha Tole Named First IBRO President-Elect
The International Brain Research Organisation (IBRO) has announced Dr. Shubha Tole as its first President-elect from the developing world. Dr. Tole, currently serving as the Dean of Graduate Studies at the Tata Institute of Fundamental Research in Mumbai, India, will begin her term on January 1, 2025. The announcement was made during IBRO’s annual assembly, held in Chicago, USA, on October 6, 2024. Dr. Tole expressed her excitement about the opportunity to lead IBRO and emphasized her commitment to promoting diversity, equity, and incl .....
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PM Modi: NDA’s hallmark is good governance and graft-free rule.
Prime Minister Narendra Modi attributed the remarkable ability of NDA-led states to attract substantial investments to their streamlined business environment, highlighting the reduced bureaucratic hurdles, swift decision-making on policy matters, and a governance system free from corruption. He made these comments during a meeting with chief ministers and deputy chief ministers from NDA-ruled states on Thursday. Modi emphasized the importance of adopting a “pro-people, pro-active good governance” (P2G2) approach and urged NDA leg .....
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Anirban Kundu Named Instacart’s Chief Technology Officer
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Carbs vs. Fats: Best Breakfast for Weight Control?
According to a recent study from researchers at the University of Waterloo in Canada, the optimal breakfast for men differs significantly from that of women. The research suggests that men’s metabolisms respond best to carbohydrate-rich meals after fasting overnight, while women may achieve better health outcomes with breakfasts that are higher in fat. Selecting appropriate foods for breakfast not only impacts energy levels but may also assist in weight loss and maintenance. Metabolism involves a series of biochemical processes that co .....
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Indian-Origin Candidates Compete for Oxford University Chancellor
On Wednesday, the University of Oxford announced the 38 finalists in the race for the new Chancellor, featuring several candidates of Indian origin. Among the Indian-origin candidates are Ankur Shiv Bhandari, the first Indian-origin Mayor of Bracknell Forest; Nirpal Singh Paul Bhangal, a Professor of International Entrepreneurship; and Pratik Tarvadi, a medical professional. They will compete against a diverse group of academics, politicians, philanthropists, and entrepreneurs, including former Conservative Party leader Lord William Hague an .....
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Informatica Appoints Mitesh Dhruv to Board Leadership
Informatica (NYSE: INFA), a frontrunner in enterprise AI-driven cloud data management, has announced the addition of Mitesh Dhruv to its Board of Directors and his new role as Chair of the Audit Committee. With nearly 25 years of experience in the technology sector, Dhruv previously held a significant position at RingCentral, Inc. (NYSE: RNG), a provider of cloud-based communication and collaboration solutions, from 2012 to 2021. As Chief Financial Officer from 2017 to 2021, he played a pivotal role in accelerating the company’s cloud .....
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Indian American Committee Releases Bollywood-Themed Video Backing Harris
An Indian American Democratic fundraiser launched a digital video on Thursday titled “I WILL VOTE FOR KAMALA HARRIS-TIM WALZ,” aimed at mobilizing South Asian voters in key swing states. The video, set to the instrumental score from the movie Animal, features a rendition of AR Rahman’s famous song “Dil Hai Chhota Sa, Chhoti Si Asha” from Roja. It seeks to connect with South Asian communities in states like Michigan, Pennsylvania, Georgia, Wisconsin, Arizona, Nevada, and North Carolina. Ajay Bhutoria, a National .....
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Kamala Harris Maintains Narrow Lead Over Donald Trump in Latest Poll
In a recent Reuters/Ipsos poll, Democratic Vice President Kamala Harris is leading Republican Donald Trump by a slim margin of 45% to 42% as the race for the November 5 presidential election intensifies. The poll indicates that voter enthusiasm is on the rise, particularly among Democrats, compared to the 2020 election cycle. The latest survey, which closed on Sunday, shows that 78% of registered voters are “completely certain” they will participate in the upcoming election, an increase from 74% during the same period in 2020. Th .....
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World Bank’s Ajay Banga on Trump’s Impact on International Lending
On Tuesday, Ajay Banga, President of the World Bank, expressed that former President Donald Trump comprehends the significance of international financial institutions and how their financing can enhance market opportunities for American companies abroad. During a Reuters NEXT Newsmaker interview, Banga maintained an optimistic outlook regarding the implications for the World Bank should Trump secure victory in the upcoming presidential election on November 5. Trump has often criticized multilateral organizations and their climate initiatives .....
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Stirista’s Ajay Gupta Honored with Silver Apples Award
Stirista, a premier provider of data-driven marketing solutions, has announced that its CEO and Founder, Ajay Gupta, has received the esteemed Silver Apples of Excellence Award from the Marketing Club of New York (MCNY). This accolade acknowledges Gupta’s significant impact on the marketing sector and his pioneering leadership that has revolutionized traditional marketing and advertising practices. Entering its 40th year, the Silver Apple Awards program recognizes individuals who have made remarkable contributions to marketing, emphasi .....
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Indian Americans’ growing political sway in U.S. elections.
In July, Usha Vance stood alongside her husband, JD Vance, at the Republican National Convention, marking a pivotal moment in U.S. history. For the first time, an Indian American was in the spotlight to potentially become the spouse of the Vice President. With Kamala Harris, the Democratic nominee for President, this election presents a remarkable opportunity: regardless of the outcome, a woman of Indian descent will either take office as President or assume the role of Second Lady of the United States. This development is significant, empha .....
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