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‘Economy Thrives Amid Festivity’: Modi at Global Fintech Fest

On Friday, during his keynote address at the Global Fintech Fest 2024 in Mumbai, Prime Minister Narendra Modi highlighted the dynamic state of India’s economy and markets. He noted that the fintech revolution is now a major feature of the nation, attracting as much attention as India’s cultural diversity once did. PM Modi reflected on past skepticism regarding the feasibility of a fintech revolution in India due to limited banking infrastructure and internet access. He pointed out that broadband users surged from 60 million to 940 milli ..... Read More

INDUS-X Summit 2024: Boosting US-India Defense Innovation

ird edition of the India-US Defence Acceleration Ecosystem (INDUS-X) Summit, set to take place on September 9-10, 2024. This event is being held in collaboration with Stanford University’s Gordian Knot Center for National Security Innovation and the Hoover Institution. Under the theme “Harnessing Investment Opportunities to Enhance Cross-Border Defence Innovation Ecosystems,” the summit will emphasise the pivotal role of private investment in driving advancements within the defence sector. According to a post on X, the Forum expressed ..... Read More

Indian-American Voters Favor Trump Over Harris

When Kamala Harris emerged as a leading figure on the Democratic ticket, it sparked considerable enthusiasm among South Asian Americans. Many rallied to support her, raising substantial funds and gaining endorsements from influential personalities such as author Salman Rushdie. As the first Indian American and Black woman nominated for president by a major political party, Harris seemed poised to secure considerable backing from the Indian American community. However, Harris faces significant challenges in maintaining this support. The shift ..... Read More

Sonali Shah Named CEO of Cobalt, Leading Offensive Security Innovators

Cobalt, a trailblazer in the Pentest as a Service (PtaaS) industry known for its cutting-edge offensive security solutions, has announced the appointment of Sonali Shah as its new Chief Executive Officer. Shah, an Indian American with a distinguished background in cybersecurity, takes on this role amidst a phase of notable expansion and innovation for Cobalt. Shah, who hails from Potomac, MD, and is currently based in Boston, brings with her over 20 years of experience in the technology sector, particularly in scaling high-growth technology com ..... Read More

Moody’s Upgrades India’s Growth to 7.2% for 2024

On Thursday, Moody’s Ratings, headquartered in New York, revised its forecast for India’s GDP growth in 2024, raising it to 7.2% from the previously projected 6.8%. This adjustment reflects a surge in private consumption, which is boosting overall demand within the economy. Moody’s noted that as headline inflation approaches the RBI’s target, household consumption is expected to increase. Early signs of a resurgence in rural demand are also emerging, fueled by favorable agricultural conditions following an above-average monsoon ..... Read More

Jio Becomes World’s Top Data Leader, Captures 8% Traffic

Jio Platforms (JPL), the parent company of Jio and other digital ventures under the Reliance umbrella, has distinguished itself as one of India’s top 12 companies. In its first quarter of FY25, JPL reported a substantial 11.7% year-over-year increase in net profit, reaching $684.7 million (Rs. 5,698 crore), thanks to robust subscriber growth. At the announcement, Jio Platforms CEO, Mr. Ambani, revealed that the telecom giant has completed its nationwide 5G rollout, signaling a forthcoming decline in related capital expenditures. The compa ..... Read More

President Trump blasted Kamala Harris in her first major interview: “’Boring, rambled incoherently”

Republican presidential candidate and former US President Donald Trump criticized his opponent Kamala Harris following her first significant interview since entering the election after Joe Biden’s exit. “I just saw Comrade Kamala Harris’ response to a very poorly framed question. It seemed more like a defensive gesture than a genuine inquiry, but her answer was disjointed and lacked coherence, stating that her ‘values haven’t changed…'” Trump made a comment on his social media platform, Truth. “On ..... Read More

Mediterranean Diet: A Potential Shield Against COVID-19?

In recent years, the Mediterranean diet has gained widespread popularity due to its health benefits, which include a mix of plant-based foods, healthy fats, and whole grains. Recognized as the top diet for seven consecutive years in U.S. News & World Report’s annual survey, the Mediterranean diet has been linked to numerous health improvements. Studies have shown that it can lower blood pressure, cholesterol, and blood sugar levels, while also reducing the risk of diseases such as type 2 diabetes, obesity, cardiovascular issues, and c ..... Read More

EAM Jaishankar Highlights Chile’s Key Role in Voice of Global South Summit

External Affairs Minister S. Jaishankar warmly welcomed Chilean Foreign Minister Alberto van Klaveren to the India-Chile Joint Commission meeting, highlighting the significance of their discussions. Jaishankar noted that the two countries have a wealth of topics to cover and expressed appreciation for Chile’s engagement in the Voice of Global South Summits. He also praised Chilean President Gabriel Boric for his valuable insights shared at the third summit held on August 17. Reflecting on past interactions, Jaishankar recalled that their prev ..... Read More

Kangana Ranaut meets JP Nadda amid backlash over farmers’ protest remarks

In response to her controversial remarks regarding the 2020-21 farmers’ protests, BJP Mandi MP Kangana Ranaut was called in for a meeting with BJP president and Union Health Minister J P Nadda at his Delhi residence on Thursday morning. This meeting followed the party’s swift move to distance itself from her statements and caution her against making further such remarks. According to sources, the meeting, reported by The Indian Express, lasted about half an hour, after which Nadda attended an important Haryana core group meeting to fina ..... Read More

PM Modi Celebrates PMJDY’s 10th Anniversary: Strong Foundations but More Work Ahead

On the 10th anniversary of the Pradhan Mantri Jan Dhan Yojana (PMJDY), Prime Minister Narendra Modi reaffirmed his government’s dedication to leveraging the scheme’s success to achieve a ‘Viksit Bharat’. In a LinkedIn post, he highlighted the strong foundation established by PMJDY but recognized that further progress is necessary. He lauded the scheme’s transformative impact, noting that over 531 million beneficiaries have been empowered as of August 14, 2024, with total deposits surpassing USD 27.40 billion (Rs. 2.3 t ..... Read More

PM Modi to Unveil Vadhavan Port: A New Era in Global Maritime Trade

The Vadhavan Port, projected to rank among the world’s top ten ports upon its completion, is set to be a state-of-the-art Greenfield deep-draft port located off the Arabian Sea. Situated approximately 140 kilometers from Mumbai, along the Maharashtra-Gujarat border, the port, also referred to as Wadhawan, has been a long-anticipated development. The establishment of Wadhwan Port has faced numerous delays over the decades, primarily due to opposition from local communities, farmers, fisherfolk, and environmentalists. The entire project, en ..... Read More

Silicon Valley’s Wishlist for Harris: Tech Talent, Reproductive Rights, and H1B Visas

A recent survey revealed that venture capitalists backing Kamala Harris’ presidential campaign prioritize women’s reproductive rights, climate change, and a more startup-friendly environment. The survey, released on August 28, gathered insights from 225 of the 800 venture capitalists who signed an open letter supporting Harris, detailing their reasons for endorsing her and highlighting the policies they find most important. Nearly all respondents strongly opposed the Supreme Court’s decision to overturn Roe v. Wade, recognizing its impact ..... Read More

Monideepa Tarafdar Leads the Charge as JAIS’s New Editor-in-Chief

The Journal of the Association for Information Systems (JAIS), a prestigious publication in the information systems domain, has announced the appointment of Indian-American scholar Monideepa Tarafdar as its new editor-in-chief, beginning September 1, 2024. Tarafdar will take over from Dorothy E. Leidner, who has held the position since 2018. In her new role, Tarafdar will oversee the journal’s operations, including managing submissions, pre-prints, copy editing, and production. She will also spearhead updates to the journal’s logo, ..... Read More

Putin analyzed Ukraine’s detrimental posture with PM Modi

Moscow : Prime Minister Narendra Modi with Russian President Vladimir Putin during an informal meeting at Novo-Ogaryovo residence, in Moscow, Russia, Monday, July 8, 2024. (Photo: IANS/Kremlin) Prime Minister Narendra Modi had a conversation with Russian President Vladimir Putin on Tuesday, following Modi’s significant visit to Ukraine last week. This dialogue underscores the ongoing diplomatic engagements regarding the Russia-Ukraine conflict. “Spoke with President Putin today. We discussed measures to further strengthen the Spe ..... Read More

5G BTS Hits 450,000 Nationwide Milestone, According to DoT Data

In a major milestone for India’s digital infrastructure, the Department of Telecommunications (DoT) has announced that the number of 5G base transceiver stations (BTS) across the country has surged past 450,000 by the end of July, just 22 months after the launch of 5G services in October 2022. These BTS units, the backbone of mobile networks, are typically installed on existing towers and are vital for seamless connectivity. With a national target of 500,000 BTS, the rollout is set to continue, expanding India’s 5G footprint. However, the p ..... Read More

Indian Captain Unveils Secrets to Success and Future Vision for Team

India’s T20 World Cup-winning captain, Rohit Sharma, expressed his determination to continue winning major trophies for his country after their recent success. He also expressed gratitude to his “three pillars” who have supported him throughout his journey as a captain. Under Rohit’s leadership, India ended an 11-year drought for ICC trophies by clinching their second ICC T20 World Cup title in a thrilling final against South Africa in June, winning by seven runs in Barbados. Speaking at the CEAT Cricket Awards, Rohit em ..... Read More

Berlin’s New Beacon: Sri Ganesha Temple Brings a Touch of Mumbai to Neukölln

Nestled on the edge of Hasenheide near Hermannplatz, Neukölln now features a slice of Mumbai with its striking Sri Ganesha Hindu temple. Planned since 2004 and constructed over the years through donations, this 59-foot-tall temple stands as a testament to the enduring dedication of the Indian community in Berlin. Vilwanathan Krishnamurthy, a former welding technician and one of around 30,000 Indians living in Berlin, leads us through this impressive site. Although the original plan was for a taller structure, the construction had to be adjuste ..... Read More

‘A Vision Beyond Policy’: PM Modi Reflects on 10 Years of Jan Dhan Yojana

Prime Minister Narendra Modi recently celebrated the tenth anniversary of the Pradhan Mantri Jan Dhan Yojana (PMJDY), highlighting it as more than just a policy—it’s a mission to ensure that every Indian has access to formal banking. Reflecting on the situation in 2014 when he assumed office, Modi described how access to banking services was a distant dream for nearly half of the country’s households, who kept their savings at home, exposed to loss and theft, and often faced predatory lending practices. In a LinkedIn post, Modi no ..... Read More

24,000 Strong: Indian Americans Gear Up for NY Event with PM Modi

The event titled “Modi & US: Progress Together” is set to take place on September 22 at the Nassau Veterans Memorial Coliseum, which boasts a seating capacity of 15,000. According to the Indo-American Community of USA (IACU), over 24,000 Indian Americans have already registered to attend this major gathering, where Prime Minister Narendra Modi will be addressing the audience. Prime Minister Modi is also scheduled to speak at the high-level UN General Assembly session on September 26, as indicated in the UN’s provisional list o ..... Read More

Fish Oil May Combat Alzheimer’s Risk for APOEε4 Carriers, Study Finds

Oily fish is known for its health benefits, primarily due to its rich content of omega-3 fatty acids, which are essential for a balanced diet. For those who do not consume oily fish regularly, fish oil supplements are often recommended. These supplements are believed to offer various health advantages, including supporting heart health, preserving eye function, aiding fetal development, and enhancing memory and mental well-being. However, the effectiveness of fish oil supplements is debated, and they may pose health risks for some individuals. ..... Read More

PM Modi: Simplifying Justice is Our Shared Responsibility for a Developed India

Prime Minister Narendra Modi emphasized the critical need for ensuring simple and accessible justice for all as India progresses towards its vision of becoming a developed nation. Speaking at the conclusion of the Rajasthan High Court’s Platinum Jubilee celebrations, Modi highlighted the judiciary’s long-standing advocacy for a uniform civil code, which he referenced during his Independence Day speech. Modi stressed that while justice itself is inherently straightforward, the processes involved often complicate it. He called for collect ..... Read More

Peak Power Demand to Surge 15 GW/Year for Next 6 Years: Official

India’s power demand is projected to surge significantly, increasing by 15 GW annually over the next six years, up from the previous decade’s growth rate of 11 GW per year, as reported by Additional Secretary of Power, Mr. Srikant Nagulapalli. At an Industry Conclave hosted by IEEMA, Nagulapalli highlighted that by 2030, the country is expected to add 85 GW during solar hours and over 90 GW to peak demand during non-solar hours. This surge necessitates a major expansion in coal, solar, wind, storage, and transmission capacities, wit ..... Read More

AI Alliance: InMobi Leads the Charge in U.S.-India Innovation

The U.S. Chamber of Commerce’s U.S.-India Business Council (USIBC) recently announced that InMobi will take on a leading role as a co-chair of their newly established AI Task Force. This partnership underscores USIBC’s commitment to promoting cutting-edge AI principles and fostering collaborative innovation between the United States and India. Jacob Gullish, the USIBC Executive Director for the Digital Economy, expressed excitement about InMobi’s involvement, highlighting the company’s impressive history in AI-driven solutions. He n ..... Read More

India Climbs to 31st in JLL’s 2024 Real Estate Transparency Index

JLL has unveiled its ‘Global Real Estate Transparency Index, 2024,’ revealing a significant milestone for India’s tier-I markets, which have now entered the ‘transparent’ category for the first time, achieving a composite score of 2.44. India now holds the 31st position out of 89 countries surveyed. According to the report, India’s advancement in transparency is attributed to the institutionalization of the commercial real estate market and enhanced access to a wide range of real estate data. JLL emphasized t ..... Read More