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World Cup-winning opening batter Gautam <keyword id="19929078" type="General" weightage="20" keywordseo="Gambhir" source="keywords">Gambhir</keyword> was on Tuesday named as the head coach of the Indian men's cricket team, replacing <keyword id="19923639" type="General" weightage="20" keywordseo="Rahul-Dravid" source="keywords">Rahul Dravid</keyword> at the top post. Dravid quit the post after India's recent <keyword id="19921630" type="General" weightage="20" keywordseo="T20-World-Cup" source="keywords">T20 World Cup</keyword> triumph in the Americas. "It is with immense pleasure that I welcome Mr @GautamGambhir as the new Head Coach of the Indian Cricket Team. Modern-day cricket has evolved rapidly, and Gautam has witnessed this changing landscape up close. Having endured the grind and excelled in various roles throughout his career, I am confident that Gautam is the ideal person to steer Indian Cricket forward," <keyword id="19901245" type="General" weightage="20" keywordseo="BCCI" source="keywords" meta.keywordsubtype="org" meta.entityname="BCCI" meta.hostid="261" meta.entityid="BCCI">BCCI</keyword> secretary Jay Shah posted in his 'X' account. "His clear vision for #TeamIndia, coupled with his vast experience, positions him perfectly to take on this exciting and most sought-after coaching role. The @BCCI fully supports him as he embarks on this new journey." The 42-year-old Gambhir, a key member of the 2011 ODI World Cup-winning Indian side, led Kolkata Knight Riders to IPL titles in 2012 and 2014. He was the mentor of the KKR team that won the IPL title in 2024. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/xiaomi-su7-with-up-to-800-km-range-showcased-in-india-but-you-cant-buy-it/slidelist/111609513.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/xiaomi-su7-with-up-to-800-km-range-showcased-in-india-but-you-cant-buy-it/slidelist/111609513.cms" target="_blank">Xiaomi SU7 with up to 800 km range showcased in India but you can’t buy it</a><a href="https://www.businessinsider.in/tech/mobile/news/redmi-13-5g-with-120hz-display-launched-in-india-starting-at-13999/articleshow/111604488.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/redmi-13-5g-with-120hz-display-launched-in-india-starting-at-13999/articleshow/111604488.cms" target="_blank">Redmi 13 5G with 120Hz display launched in India starting at ₹13,999</a><a href="https://www.businessinsider.in/business/auto/webstories/top-10-selling-cars-in-india-in-june-2024-tata-punch-leads-the-list/slidelist/111578419.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/top-10-selling-cars-in-india-in-june-2024-tata-punch-leads-the-list/slidelist/111578419.cms" target="_blank">Top 10 selling cars in India in June 2024 – Tata Punch leads the list</a>

Gautam Gambhir appointed as Indian team head coach

<keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> and the United States have agreed to extend the 2 per cent <keyword id="21019311" type="General" weightage="20" keywordseo="equalisation-levy" source="keywords">equalisation levy</keyword> or <keyword id="22218152" type="General" weightage="20" keywordseo="digital-tax" source="keywords">digital tax</keyword> on <keyword id="19990771" type="General" weightage="100" keywordseo="e-commerce" source="keywords">e-commerce</keyword> supplies until June 30. On Oct 8, 2021, both countries joined 134 other members of the <keyword id="22218153" type="General" weightage="20" keywordseo="OECD/G20-Inclusive-Framework" source="keywords" meta.keywordsubtype="org" meta.entityname="OECD/G20 Inclusive Framework" meta.hostid="153" meta.entityid="OECD/G20 Inclusive Framework">OECD/G20 Inclusive Framework</keyword> (including Austria, France, Italy, Spain, and the United Kingdom) in reaching agreement on the Statement on a Two-Pillar Solution of OECD/G20, to Address the Tax Challenges Arising from the Digitalization of the Economy. On November 24, 2021, India and the United States agreed that the same terms that apply under the October 21 Joint Statement shall apply between India and the United States with respect to India's charge of 2% equalisation levy on e-commerce supply of services and the United States trade action with respect to the said Equalisation Levy. The validity of this agreement was from 1st April 2022 till the implementation of Pillar One or 31st March 2024, whichever is earlier. This was stated in public statements made by both sides on November 24 Statements. On February 15, 2024, the United States AND Austria, France, Italy, Spain, and the United Kingdom decided to extend the political compromise set forth in the October 21 Joint Statement until June 30, 2024. "In light of the above developments, India and the United States have decided to extend the validity of the agreement reflected in November 24 Statements until June 30, 2024. All other terms of the transitional approach remain the same," the <keyword id="19900485" type="General" weightage="20" keywordseo="finance-ministry" source="keywords" meta.keywordsubtype="org" meta.entityname="finance ministry" meta.hostid="153" meta.entityid="finance ministry">finance ministry</keyword>'s release said The OECD/G20 two-pillar solution addresses the tax challenges arising from the digitalization of the economy and aims to modernize the international tax framework. This pillar introduces a global minimum corporate tax rate to prevent tax base erosion and profit shifting (BEPS). The minimum tax rate ensures that MNEs pay at least a minimum level of tax regardless of where they are headquartered or where they operate. It also mandates to implementation of Global Anti-Base Erosion (GloBE) rules to ensure that foreign income is taxed to restore a level playing field and eliminate the need for countries to offer very low tax rates in order to compete for inbound investment. The Finance Ministry further added in the statement that both countries will remain in close contact to ensure that there is a common understanding of the respective commitment and endeavour to resolve all issues on this matter through constructive dialogue.

India-US agrees to extend 2% digital tax on e-commerce supplies until June 30

In a recent notification, the <keyword id="20004725" type="General" weightage="100" keywordseo="NSE" source="keywords">NSE</keyword> (National Stock Exchange) noted that markets will remain closed on Wednesday, November 20, 2024, on account of state elections taking place in Maharashtra. However, <keyword id="19895774" type="General" weightage="20" keywordseo="BSE" source="keywords">BSE</keyword> has issued no notification on this matter so far. However, given how both the exchanges largely operate in sync, BSE is likely to declare a holiday as well. Before the elections, both BSE and NSE will be shut for trading on November 15 as well, on account of <keyword id="23718443" type="General" weightage="20" keywordseo="Guru-Nanak-Jayanti" source="keywords">Guru Nanak Jayanti</keyword>. Next month, the bourses will remain closed for regular trade on Christmas, i.e., December 25. Earlier this week, Brihanmumbai Municipal Corporation (BMC) mandated that all businesses and workplaces in Mumbai should grant paid leave on November 20, 2024, to all its employees so that they can participate in state elections. Failure to do so could mean penalties for employers. All the 288 states in the Maharashtra state assembly are set to go to polls in a single phase on November 20. <h2>Markets close the week on muted note </h2>Both Nifty and Sensex closed the week on a damp note, with Nifty dipping 0.21% to close at 24,148.20 points. On the other hand, Sensex also slipped below the 80,000 mark to close the week at 79,486.32 points. Of the 50 stocks that constitute Nifty, 23 stocks advanced during the day, while 27 saw declines. However, this week has not been all that bad for the markets, with Nifty rising 0.31% and Sensex inching up 0.65% during the last 5 days. All broad market indices fell during today's trade, with smallcaps falling by over 1.5%, while midcaps also closed the day over 1% down. As for sectoral indices, most of them ended the week in reds, with realty and media losing over 2% during trading today. Pharmaceuticals, healthcare, and consumer durables recorded marginal upticks during the day, inching up by 0.07%, 0.22%, and 0.41%, respectively. FIIs (<keyword id="19932515" type="General" weightage="20" keywordseo="foreign-institutional-investors" source="keywords">foreign institutional investors</keyword>) continued their selling spree today as well. In this month so far, FIIs have been net cash sellers, offloading around Rs 16,445.49 crore. DIIs (domestic institutional investors) have stepped in to maintain some balance by becoming net buyers worth Rs 12,265.74 crore in November till date. Shrikant Chouhan, Head Equity Research, Kotak Securities, explains that global market sentiment saw sharp volatility in the aftermath of Republicans winning all three branches of the US government, resulting in rising US bond yields and the dollar, as well as the US equity markets beating most EMs. Meanwhile, the Q2 FY25 earnings season continued to remain weak, with more misses than hits observed. <keyword id="20993056" type="General" weightage="20" keywordseo="FPI-flows" source="keywords">FPI flows</keyword> are expected to remain volatile for some time to come. Amidst emerging markets, only Brazil saw inflows worth $115 million between November 1 and 7, 2024.

Markets to remain shut on November 20 due to Maharashtra elections

<ul class="summary-list"><li>Between 2022 and 2023, about 612,000 people moved to Texas, new census data shows.</li><li>Most Americans who moved to Texas came from California and Florida, followed by New York and Illinois.</li></ul>Arielle Francois never planned on <a target="_blank" class="" href="https://www.businessinsider.com/moving-from-florida-to-dallas-texas-pros-cons-2024-6">moving to Texas</a>.In 2022, the 20-something content creator relocated from <a target="_blank" href="https://www.businessinsider.com/rent-vs-buy-miami-millennial-making-six-figures-prefers-renting-2024-10">Miami</a> to Dallas for a program at PMG, the media company, where she now works as a digital marketer.Earlier this year, she told Business Insider's Madison Hoff that living in Dallas gave her more visibility as a creator, which has resulted in "more opportunities" for her there compared to South Florida. She also said she paid less than $2,000 in rent a month for a nice apartment, which she felt was more affordable than options in Miami.Hundreds of thousands of people seeking a better life have moved to Texas in recent years.<a target="_blank" href="https://www.census.gov/data/tables/time-series/demo/geographic-mobility/state-to-state-migration.html">Census data</a> released on October 17 reveals that nearly 612,000 moved to the Lone Star State between 2022 and 2023. The data comes from the American Community Survey, which asked respondents if they had moved in the past year.<div type="image" title="Arielle Francois in front of a mural with the name of her employer PMG" height="876" width="1168" msid="115143531" hostid="261" sizebytes="49358"></div><a target="_blank" class="" href="https://www.businessinsider.com/most-people-leaving-california-moved-to-these-states-2024-10">California</a> is the state that lost the most residents to come to Texas. Nearly 94,000 Californians moved to Texas, compared to over 102,400 the previous year.Florida, where Francois was living before, is Texas' next-biggest feeder state. Between 2022 and 2023, more than 50,500 residents left Florida for Texas.<h2 id="17e37a54-f69f-447e-a544-dd6a167da582">Texas remains a hot spot for movers overall</h2>Texas ranked second in US migration from 2022 to 2023, trailing only Florida, which gained almost 637,000 residents during the same time period.After California and Florida, the next-most movers to Texas hailed from <a target="_blank" href="https://www.businessinsider.com/startup-founder-moved-houston-texas-tulsa-oklahoma-entrepreneur-2024-5">Oklahoma</a>, which experienced a slight increase in migration to Texas, with over 29,700 people moving in compared to 24,300 last year. Then came New York, with just over 29,610 who relocated to Texas.Other states contributing over 20,000 movers to Texas apiece include <a target="_blank" href="https://www.businessinsider.com/why-louisiana-billion-dollar-shrimp-industry-could-go-extinct-2024-9">Louisiana,</a> <a target="_blank" href="https://www.businessinsider.com/millennials-cant-afford-home-colorado-six-figure-income-mortgage-rates-2024-10">Colorado</a>, Illinois, and Washington.<h2 id="8b834741-1dfb-4cdf-873d-5f2570e9443e">Texas has something for everyone</h2>Some transplants are attracted to the state's <a target="_blank" href="https://www.businessinsider.com/best-economy-us-texas-austin-tech-real-estate-job-growth-2023-12">reputation</a> for affordability — thanks largely to its <a target="_blank" href="https://www.businessinsider.com/moved-from-san-francisco-to-texas-for-work-life-balance-2023-8">relatively lower cost of living</a> and absence of state income tax. While others are drawn to its <a target="_blank" href="https://www.businessinsider.com/texas-company-headquarters-hq-tesla-chevron-charles-schwab-california-economy-2024-8">business-friendly environment</a> and <a target="_blank" href="https://www.twc.texas.gov/news/texas-job-count-reaches-historic-milestone">abundant job opportunities</a>.Many people are also moving to Texas for its <a target="_blank" href="https://www.businessinsider.com/moving-to-new-braunfels-texas-real-estate-jobs-schlitterbahn-wurstfest-2024-1">smaller towns</a>, sought out for their down-to-earth communities.<div type="image" title="Two parents and their children at a birthday party." height="2074" width="2616" msid="115143529" hostid="261" sizebytes="624960"></div>Take California native <a target="_blank" href="https://www.businessinsider.com/california-millennial-moving-to-texas-hopes-small-town-feel-remains-2024-7">Michelle Clifford</a>, a 33-year-old sales manager who bought a home with her husband in <a target="_blank" href="https://www.businessinsider.com/reasons-people-move-to-fastest-growing-city-in-us-texas-2024-7">Celina</a>, Texas, this year.Celina, located north of Dallas, is one of the <a target="_blank" href="https://www.businessinsider.com/inside-fastest-growing-city-in-the-us-celina-texas-2024-6">fastest-growing cities</a> in the US. Yet, it has managed to maintain its close-knit vibe. This, combined with an abundance of relatively affordable and spacious homes, has contributed greatly to its population growth."We were drawn to Celina because we have friends from California who moved here," Clifford told BI in July. "More importantly, it was about doing something completely different. We've experienced city life and wanted to embrace country living and own some land."It's not just everyday people looking for a fresh start in Texas —<a target="_blank" href="https://www.businessinsider.com/celebrities-moved-to-texas-from-california-new-york-reasons-why-2024-8">celebrities</a> are also among those relocating.<div type="image" title="US model Bella Hadid poses as she arrives for the screening of the film &quot;Tre Piani&quot; (Three Floors) at the 74th edition of the Cannes Film Festival in Cannes, southern France, on July 11, 2021" height="3648" width="5472" msid="115143535" hostid="261" sizebytes="536414"></div>Consider supermodel <a target="_blank" href="https://www.allure.com/story/bella-hadid-orebella-interview">Bella Hadid</a>, who moved to Fort Worth, Texas, this year to escape the hustle and bustle of New York City and live with her professional horseman boyfriend, Adan Banuelos.Hollywood actor <a target="_blank" href="https://www.businessinsider.com/emma-stone-real-name-emily-2024-4">Emma Stone</a> and comedian <a target="_blank" href="https://www.businessinsider.com/joe-rogan-experience-podcast-draws-huge-audience-spotify-2024-3">Joe Rogan</a> have also fled Los Angeles for Austin in recent years.This trend reflects a broader shift in wealth realignment in the US, where even the nation's wealthiest opt for places where their money goes further, the climate is more inviting, and life feels more relaxed.<h2 id="e298a5e0-9b13-404d-a2b5-c7d7bfbac7e5">Where people from Texas move to</h2>There are also <a target="_blank" class="" href="https://www.businessinsider.com/boomer-left-texas-moved-to-tennessee-better-weather-lower-taxes-2024-6">plenty of people who leave Texas</a> in search of greener pastures.Between 2022 and 2023, there were about 478,600 departures, less than the 612,000 who moved in. This gap was even wider between 2021 and 2022, when over 668,300 people moved to Texas and 494,000 left.The biggest number headed to California.Between 2022 and 2023, about 38,700 people moved from Texas to California, a slight decrease from the 42,300 who did so the previous year.Additionally, about 37,800 people relocated from Texas to Florida, about 32,200 Texans moved to Colorado, and 31,500 headed to Oklahoma.Other popular destinations for former Texans included Georgia, New York, and Louisiana, each welcoming more than 18,000 residents from Texas.<h2 id="503aea46-6cb5-48a9-ba5e-6fe864354920">Home prices and politics have driven some Texans out</h2>Texas may have its appeal, but it also has some drawbacks.Over the past year, BI has spoken with many residents who have left the state, citing <a target="_blank" href="https://www.businessinsider.com/californians-moved-texas-property-tax-gave-sticker-shock-2023-11#:~:text=Texas%20levies%20significantly%20higher%20property,to%20Business%20Insider's%20past%20reporting.">rising home prices and property taxes</a>, extreme heat, and a divisive political climate as reasons for their departure.<div type="image" title="Flora Batts and her husband." height="540" width="720" msid="115143533" hostid="261" sizebytes="43050"></div><a target="_blank" href="https://www.businessinsider.com/leaving-austin-texas-tech-increased-cost-of-living-changed-culture-2024-5">Flora Batts</a>, a retired Medicaid program coordinator, moved to Pennsylvania this year after living in Austin for over 60 years.Batts, 65, told BI in May that she and her husband were leaving because "Big Tech" companies like Dell and <a target="_blank" href="https://www.businessinsider.com/tesla-cybertruck-outselling-almost-every-other-ev-in-us-2024-10">Tesla</a> have transformed Texas' capital over the past decades, driving up costs for everything from food to <a target="_blank" class="" href="https://www.austinmonitor.com/stories/2024/03/for-the-first-time-in-20-years-more-people-are-leaving-travis-county-than-moving-in/">housing</a>."<a target="_blank" href="https://www.businessinsider.com/michael-dell-nepo-baby-billionaire-family-children-brother-wife-tech-2023-1">Michael Dell</a> kicked the door down and <a target="_blank" href="https://www.businessinsider.com/tech-workers-moved-to-austin-regrets-2023-8">let everybody in</a>," she said. "All that tech money changed Austin and drove up the cost of living."Batts and her husband purchased a three-bedroom, two-bath home on two-thirds of an acre in the small town of Erie, which is located just over an hour and a half northwest of Cleveland.She said that they wouldn't have been able to afford a similar home in Austin.<div type="image" title="Joerger smiling with friends at a Seattle Mariners game in Seattle." height="1065" width="1280" msid="115143534" hostid="261" sizebytes="113454"></div>Texan native <a target="_blank" href="https://www.businessinsider.com/leaving-texas-moving-to-seattle-politics-guns-power-outage-2023-12">Ty Joerger,</a> 25, and about a dozen of his friends moved from Texas to the Pacific Northwest over the past two years.While he has a "laundry list" of reasons for leaving Texas, he told BI in July that a common concern among him and his friends was the political climate, especially as members of the LGBTQ+ community."My friends and I shared a pretty similar sentiment: That we didn't feel safe in a state that had more and more aggressive legislation targeting us," he said. "As a gay man, I didn't feel like I could be myself."Joerger now lives in <a target="_blank" href="https://www.businessinsider.com/incredibly-lonely-high-paying-tech-job-seattle-2023-9">Seattle</a>, where he said he feels safer and better accepted."I lived in Texas all my life, and I'm so glad I moved to Seattle," he said. Joerger added that despite his criticisms, he still loves the Lone Star State but hopes it can improve "before I would even encourage anyone to move or live there."

Texas lured the most people away from California — and these other states

Union Minister of Communications Jyotiraditya Scindia on Monday stated that <keyword id="19916120" type="General" weightage="20" keywordseo="5G" source="keywords">5G</keyword> technology is expected to inject around $450 billion into the <keyword id="19948184" type="General" weightage="20" keywordseo="Indian-economy" source="keywords">Indian economy</keyword> by 2040. The minister highlighted this during his address at the Global Standards Symposium at Bharat Mandapam in New Delhi, one of the world's largest telecom events. He said, "In India alone, for example, 5G is anticipated to inject an astounding 450 billion dollars into the economy by 2040." The minister emphasized that 5G is not just about faster internet or low latency, but is laying the groundwork for <keyword id="20006420" type="General" weightage="20" keywordseo="smart-cities" source="keywords">smart cities</keyword>, advanced infrastructure, and autonomous innovations. Scindia further noted that 5G has already been rolled out across all 36 states and Union Territories, covering 98 per cent of districts and 80 per cent of the population in just 22 months. He said this achievement showcases not only India's technological prowess but also the transformative power of standardized innovation. He added "We are unlocking new Reims of possibility in health care, education and agriculture and Manufacturer" The minister stressed the importance of international collaboration in unlocking the full potential of technologies like 5G, <keyword id="19904566" type="General" weightage="20" keywordseo="artificial-intelligence" source="keywords">artificial intelligence</keyword> (AI), and the Internet of Things (IoT). He stated that the global standards are key to ensuring that these technologies work harmoniously across borders. "The import of dialogue cannot be overstated. The wonders of 5G the brilliance of artificial intelligence and the interconnected marvels of the Internet of Things. Things are transforming industries, societies and manufacturing processes and economies on a global scale," he said. Scindia also pointed out the need for robust governance in emerging technologies like AI and IoT, emphasizing the importance of ethical considerations and regulatory frameworks to address concerns around privacy, bias, and transparency. He called for a comprehensive policy framework to ensure that future innovations, such as the upcoming 6G technology, benefit everyone equitably and do not deepen existing digital divides. "We are today poised at the edge of a new technological era, the dawn of the 6th generation of mobile network 6G and this is a gateway to the future where communication will become boundless where innovation will know no limits and by humanity, interconnectedness becomes the corner stone of our shared global destiny" he said. Scindia also urged the global community to work together in setting standards and nurturing partnerships that will define the future technological landscape, ensuring technology serves as a force for good. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms" target="_blank">Hyundai IPO review – Everything you need to know about India’s biggest IPO</a><a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms" target="_blank">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a><a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms" target="_blank">Samsung leads the first phase of festive sales with a 20% market share</a>

5G to inject $450 billion into Indian economy by 2040: Telecom Minister Scindia

<ul><li>External Affairs Minister S <keyword id="19920247" type="General" weightage="20" keywordseo="Jaishankar" source="keywords">Jaishankar</keyword> met his G4 counterparts in New York.</li><li>He reaffirmed the commitment to urgent reform of the <keyword id="19896118" type="General" weightage="20" keywordseo="United-Nations" source="keywords" meta.keywordsubtype="org" meta.entityname="United Nations" meta.hostid="261" meta.entityid="United Nations">United Nations</keyword> Security Council.</li><li>The <keyword id="23295228" type="General" weightage="20" keywordseo="G4-group" source="keywords">G4 group</keyword> includes <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword>, Germany, Japan and Brazil.</li></ul>External Affairs Minister S Jaishankar met with his counterparts from Brazil, Germany, and Japan in New York to reaffirm the commitment of the G4 grouping of nations to urgent reform of the United Nations Security Council (UNSC) through text-based negotiations. The G4 countries comprise Brazil, Germany, India and Japan. Jaishankar, who is in the United States on an official visit, met with German Foreign Minister Annalena Baerbock, Japanese Foreign Minister Yoko Kamikawa, and Brazilian Foreign Minister Mauro Vieira on the sidelines of the 79th Session of the United Nations <keyword id="20282473" type="General" weightage="20" keywordseo="General-Assembly" source="keywords">General Assembly</keyword>. <div type="twitter" handle="DrSJaishankar" handlename="DrSJaishankar" favoritecount="0" retweetcount="0" id="1838342963296113025"></div> Jaishankar shared a picture of the meeting on X and wrote, "Glad to join the traditional #G4 <keyword id="23295229" type="General" weightage="20" keywordseo="Foreign-Ministers-Meeting" source="keywords">Foreign Ministers Meeting</keyword> along with colleagues @ABaerbock , @Kamikawa_Yoko and Mauro Vieira in New York today. G4 reaffirmed its commitment to urgent United Nations Security Council reform through text-based negotiations." Jaishankar also held talks with Venezuelan Foreign Minister Yvan Gil, discussing energy, health, and economic cooperation between India and Venezuela. <div type="twitter" handle="DrSJaishankar" handlename="DrSJaishankar" favoritecount="0" retweetcount="0" id="1838351671992188990"></div> "Pleased to meet FM @yvangil of Venezuela today on the sidelines of #UNGA79. Discussed energy, health and economic cooperation, as well as reformed multilateralism," Jaishankar said on X. On Monday, Jaishankar met with Bangladesh Foreign Affairs Advisor Md. Touhid Hossain and discussed a range of issues related to mutual interests between Bangladesh and India. On the sidelines of the 79th United Nations General Assembly (UNGA), the two diplomats discussed a range of issues on strengthening the long-standing ties between the neighbouring nations. The Ministry of Foreign Affairs, Bangladesh, announced the meeting in X, formerly Twitter, emphasising the ongoing partnership between the two countries. The general debate of the 79th session of the General Assembly opens on September 24 and will continue through September 28 and conclude on September 30. Opening amid growing calls for more international cooperation to address challenges such as climate change, poverty and inequality, and tackling the fallout from ongoing conflicts and global health crises, the session will see world leaders heading to New York to deliver their statements in the iconic Assembly Hall. The theme for the general debate of the 79th session of the General Assembly is "Leaving no one behind: acting together for the advancement of peace, sustainable development and human dignity for present and future generations," according to the UN Nations' official statement. With inputs from ANI. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/sebi-report-reveals-the-ugly-truth-of-fo-trading-in-india-93-of-retail-traders-incurred-losses/articleshow/113620397.cms">SEBI report reveals the ugly truth of F&amp;O trading in India – 93% of retail traders incurred losses</a> <a href="https://www.businessinsider.in/tech/news/gopro-hero-the-companys-smallest-4k-camera-launched-at-23990/articleshow/113591944.cms">GoPro Hero, the company’s smallest 4K camera launched at ₹23,990</a> <a href="https://www.businessinsider.in/business/telecom/news/jio-and-airtel-lost-subscribers-in-july-after-tariff-hike-bsnl-records-growth/articleshow/113548793.cms">Jio and Airtel lost subscribers in July after tariff hike, BSNL records growth</a>

Jaishankar reaffirms commitment to UNSC reform in meet with G4 counterparts

The <keyword id="19895876" type="General" weightage="20" keywordseo="Election-Commission-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Election Commission of India" meta.hostid="261" meta.entityid="Election Commission of India">Election Commission of India</keyword> (ECI) has officially announced the schedules for the upcoming Assembly elections in Maharashtra and Jharkhand, setting the stage for crucial state elections next month. Here’s what voters in these states can expect: <h2>Maharashtra: Single-phase voting on November 20</h2>Maharashtra will head to the polls in a single phase on November 20, with vote counting scheduled for November 23. This election will see a high-stakes contest between two major coalitions: the <keyword id="19924537" type="General" weightage="20" keywordseo="Maha-Vikas-Aghadi" source="keywords" meta.keywordsubtype="org" meta.entityname="Maha Vikas Aghadi" meta.hostid="261" meta.entityid="Maha Vikas Aghadi">Maha Vikas Aghadi</keyword> (MVA) and the <keyword id="21555670" type="General" weightage="20" keywordseo="Maha-Yuti-Alliance" source="keywords" meta.keywordsubtype="org" meta.entityname="Maha Yuti Alliance" meta.hostid="261" meta.entityid="Maha Yuti Alliance">Maha Yuti Alliance</keyword>. The MVA consists of <keyword id="19905331" type="General" weightage="20" keywordseo="Uddhav-Thackeray" source="keywords">Uddhav Thackeray</keyword>'s Shiv Sena (UBT), the <keyword id="19895371" type="General" weightage="20" keywordseo="Congress" source="keywords" meta.keywordsubtype="org" meta.entityname="Congress" meta.hostid="261" meta.entityid="Congress">Congress</keyword>, and the Nationalist Congress Party (NCP) under Sharad Pawar. Meanwhile, the Maha Yuti Alliance brings together the <keyword id="19931558" type="General" weightage="20" keywordseo="Bharatiya-Janata-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharatiya Janata Party" meta.hostid="261" meta.entityid="Bharatiya Janata Party">Bharatiya Janata Party</keyword> (BJP), Shiv Sena led by Eknath Shinde, and the Ajit Pawar faction of the NCP. This intense battle for control over the 288-seat Maharashtra Assembly follows the end of the current term on November 26. The model code of conduct has come into immediate effect in Maharashtra, guiding political parties on appropriate campaigning practices and ensuring fair elections. <h2>Jharkhand: Two-phase voting on November 13 and 20</h2>In Jharkhand, voting will occur in two phases: the first on November 13 and the second on November 20. The results will be declared on November 23, alongside Maharashtra’s. This election focuses on the 81-seat Assembly, with a fierce competition expected between the ruling <keyword id="20028356" type="General" weightage="20" keywordseo="Jharkhand-Mukti-Morcha" source="keywords" meta.keywordsubtype="org" meta.entityname="Jharkhand Mukti Morcha" meta.hostid="261" meta.entityid="Jharkhand Mukti Morcha">Jharkhand Mukti Morcha</keyword> (JMM)-Congress alliance and the National Democratic Alliance (NDA), which includes the BJP, All Jharkhand Students Union (AJSU), and Janata Dal (United). Jharkhand’s current Assembly term expires on January 5, 2025. The elections will feature 29,562 polling stations across urban and rural areas to accommodate the state’s 2.6 crore registered voters. This diverse electorate includes 66.84 lakh young voters and 11.84 lakh first-time voters, with special arrangements for 3.67 lakh persons with disabilities. <h2>Pre-election preparations</h2>The ECI’s preparations for the elections began in September, with teams visiting both states to assess readiness. Chief Election Commissioner Rajiv Kumar, alongside Election Commissioners Gyanesh Kumar and Sukhbir Singh Sandhu, met with local officials, district collectors, and political representatives to evaluate logistical arrangements and security measures. In Maharashtra, the Maha Yuti Alliance and the MVA have been ramping up their efforts to secure <keyword id="23060079" type="General" weightage="20" keywordseo="voter-support" source="keywords">voter support</keyword> in what is expected to be a dramatic electoral showdown. In Jharkhand, the ruling JMM, which is part of the INDIA bloc, is eyeing another term despite recent controversies surrounding Chief Minister Hemant Soren, who faced legal challenges earlier this year. The JMM-Congress-RJD alliance remains strong, as the party is expected to contest all 81 seats in the Assembly. (With inputs from agencies)

ECI Announces election schedules for Maharashtra and Jharkhand; both states to vote in November

<ul class="summary-list"><li>More than $1 trillion worth of property lies in Hurricane Milton's path, Moody's estimated.</li><li>More than 235,000 commercial properties could be exposed to dangerous winds, per Mood's. </li></ul>Hurricane Milton <a target="_blank" class="" href="https://www.businessinsider.com/hurricane-milton-landfall-florida-housing-market-insurance-fema-2024-10">made landfall</a> in Florida on Wednesday as a Category 3 hurricane, and analysts estimate that $1.1 trillion worth of commercial property is set to be exposed to dangerous hurricane winds.According to an <a target="_blank" class="" href="https://www.moodys.com/web/en/us/about/insights/data-stories/hurricane-milton-tracker.html">estimate by Moody's Analytics</a> on Tuesday, more than 235,000 commercial real estate properties in Florida — worth $1.1 trillion —have a greater than 50% chance of being exposed to wind speeds of at least 50 miles per hour.This is the speed at which some property damage is likely, the Moody's report said.According to the report, the properties include 44,122 industrial spaces, 78,916 retail properties, 42,387 office buildings, 64,857 apartment buildings, and 5,056 hotels.According to an analysis note by Jefferies, Milton's estimated financial damage in Florida could reach $175 billion."While too early to make insured loss estimates, a major hurricane impact in one of Florida's most heavily populated regions could result in mid-double-digit billion dollar loss," Jefferies equity analysts said in a note."A 1-in-100 year event is estimated by some to result in $175bn in losses for landfall in the Tampa region, and $70bn in losses in the Ft Myers region," the note added.The monster storm <a target="_blank" href="https://www.businessinsider.com/hurricane-milton-timeline-see-storm-evolution-from-space-satellite-imagery-2024-10">morphed rapidly into a Category 5 hurricane</a> over two days. But it was downgraded to Category 3 when it made landfall in Florida's Sarasota County on Wednesday.The National Hurricane Center has warned that the storm could trigger flooding and storm surges as high as 15 feet along the coast.Milton comes just days after Hurricane Helene ravaged Florida and other southeastern states, leaving more than <a target="_blank" class="" href="https://apnews.com/article/hurricane-helene-death-toll-asheville-north-carolina-34d1226bb31f79dfb2ff6827e40587fc">200 people dead</a>.In a report on September 30, Moody's Analytics projected the damage from Helene to be between <a target="_blank" class="" href="https://www.businessinsider.com/analysts-estimate-up-to-34-billion-damage-from-hurricane-helene-2024-10">$20 billion and $34 billion.</a>

Hurricane Milton is headed right into $1.1 trillion worth of commercial real estate properties: Moody's

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/tesla-ceo-elon-musk">Elon Musk's</a> private planes made eight flights to Pennsylvania this past week, flight logs show.</li><li>Musk has been actively endorsing Donald Trump, holding rallies in key Pennsylvania cities.</li></ul>Flight logs viewed by Business Insider show how the world's richest man is going all-in to elect former president Donald Trump.<a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-private-jet-flights-hidden-again-faa-2024-7">Elon Musk's private planes</a> took eight flights to and from Pennsylvania over the past week as the billionaire rallied voters.Earlier this month, The <a target="_blank" class="" href="https://www.nytimes.com/2024/10/11/us/politics/elon-musk-donald-trump-pennsylvania.html">New York Times</a> reported that Musk was considering door-knocking in battleground states like Pennsylvania. And Musk's flight records show the billionaire's plane has been traversing the state, according to data from the flight-tracking website <a target="_blank" class="" href="https://jetspy.com/">JetSpy.</a>Musk appeared with Trump at a <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-donald-trump-rally-butler-pennsylvania-assassination-attempt-2024-10">rally in Butler</a>, Pennsylvania, on October 5. He later held a <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-tesla-trump-rally-childcare-costs-family-kids-wealth-2024-10">series of solo rallies</a> in honor of Trump in Philadelphia and Pittsburgh from October 15 to October 20.At the Pittsburgh rally on Sunday, Musk told attendees he'd rather be spending his time working at SpaceX rather than involved in politics, "but the stakes are so high, I've had no choice but to take a stand.""This election, I think, is going to decide the fate of America, and along with the fate of America, the fate of Western civilization," Musk said.JetSpy data shows Musk's two private jets spent nearly 14 hours in the air, repeatedly flying to and from airports in Philadelphia, State College, Harrisburg, and Pittsburgh from October 15 to October 20. JetSpy estimates the flights burned about $40,000 worth of fuel, emitting about 65 metric tons of carbon.<div type="image" title="Elon Musk's white-livery private G650 jet in Harrisburg on Oct. 19 at night." height="3712" width="4949" msid="114438777" hostid="261" sizebytes="195192"></div>On his busiest flying day, October 16, Musk's two jets took four flights.His primary plane flew from Philadelphia to Savannah, Georgia, then to State College, Pennsylvania, and back to Philadelphia. His other jet flew from Philadelphia to Hawthorne, California, the site of SpaceX's former headquarters, after flying from Austin to Philadelphia the day before.Musk, Tesla, and SpaceX did not respond to a request for comment.<h2 id="126ef044-cac7-456e-a42c-9b39fc7b2f74">Musk's aggressive backing of Trump</h2>Musk has increasingly turned his attention toward the presidential election over the past year, throwing his money in addition to his influence behind Trump's campaign. The billionaire has invested nearly <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-trump-america-super-pac-2024-10">$75 million of his own money</a> into a pro-Trump super PAC called "America PAC," per a document filed with the Federal Election Commission.And on Sunday, Musk announced he would <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-rewards-petition-supporters-1m-check-trump-pac-2024-10">give $1 million handouts</a> to some people in swing states who signed his petition supporting free speech and the right to bear arms.Musk's Trump endorsement is a major time commitment for a man involved with running six different companies. In the weeks leading up to Musk's Pennsylvania rallies, <a target="_blank" class="" href="https://www.businessinsider.com/spacex-starship-fifth-flight-test-how-to-watch-2024-10">SpaceX launched its fifth Starship test</a> flight, successfully catching the spacecraft's Super Heavy booster for the first time. And Tesla hosted its highly anticipated <a target="_blank" class="" href="https://www.businessinsider.com/insider-today-elon-musk-robotaxi-tesla-wall-street-flop">Robotaxi Day, which underwhelmed investors</a>.While Musk has been campaigning for Trump, Tesla has been preparing for its third-quarter earnings call on Wednesday. Musk will likely face questions from investors during the call regarding the recent <a target="_blank" class="" href="https://www.businessinsider.com/tesla-robotaxi-release-date-elon-musk-stock-price-2024-9">Robotaxi</a> event. Tesla's stock fell 9% the day after the event and is down 12% year-to-date.Some Tesla employees aren't happy about Musk's endorsement of Trump. The workers chose to speak anonymously for fear of professional reprisal, but their identities are known to Business Insider."I think there's a feeling his focus is not with Tesla right now," one Tesla engineer from California told BI.Another Trump presidency could give Musk more power and influence. Trump has promised Musk a role as the head of a new "government efficiency commission," the <a target="_blank" class="" href="https://www.nytimes.com/2024/10/20/us/politics/elon-musk-federal-agencies-contracts.html">NYT</a> reported on Sunday.An employee based in Texas said Musk's politics have spurred little discussion internally. "People here are too busy and care too much about doing their jobs well to spend much time thinking about controversial topics," the Texas employee said. Others said they don't understand why Musk's political activities are the subject of media attention at all. "No one asks Mary Barra who she's voting for," a current Tesla employee in Nevada told BI, referencing General Motors' CEO.

Flight logs show Elon Musk's private jets are busy hitting swing states as he campaigns for Trump

<ul class="summary-list"><li>One <a target="_blank" class="" href="https://www.businessinsider.com/tested-starbucks-wait-times-to-see-how-long-2024-9">Starbucks customer</a> has been working on visiting every Starbucks store since 1997.</li><li>Winter, a Houston native, is on track to visit his 20,000th store in the next few weeks.</li></ul>Later this month, a man named Winter plans to set foot in his 20,000th <a target="_blank" class="" href="https://www.businessinsider.com/starbucks-workers-requested-store-changes-new-ceo-2024-10">Starbucks store</a>.He is hoping it will be one in Plano, Texas, the city where he first came up with the idea of trying to visit every company-owned Starbucks store back in 1997 while spending time in the cafés hanging with friends. "I just wanted 20,000 to be something special," he said.Before that, he has a road trip planned to get his store count to 19,999. "I'm hoping to make a loop across Arkansas, Oklahoma, and West Texas to get the 40 stores that I need," Winter (his full, legal name) said in an interview with Business Insider.Winter's milestone will come as Starbucks undergoes a transition. <a target="_blank" class="" href="https://www.businessinsider.com/starbucks-ceo-to-lay-out-strategy-to-fix-coffee-chain-2024-10">CEO Brian Niccol</a>, who took over as the chain's top executive in September, said last month he wants to add more comfortable seating and cut down wait times for drinks in order to draw customers back to Starbucks stores.<a target="_blank" class="" href="https://www.businessinsider.com/starbucks-quarterly-sales-dropped-as-it-faces-us-china-headwinds-2024-10">Starbucks' fourth-quarter earnings</a> last month showed sales declines in the US and abroad, particularly in China.<h2 id="f7389293-2e05-4bfd-8dc9-7e4de501ed8d">Winter started visiting Starbucks for its 'third-place' feeling</h2>Winter said he first visited a Starbucks in 1995 as a college student looking for a place to play chess with a friend.Later that year, Winter moved to Plano, Texas, and found another Starbucks store about a mile from his apartment where he played board games with friends, read, or just hung out, he said."It quickly became my third place, that exact role that <a target="_blank" class="" href="https://www.businessinsider.com/former-starbucks-ceo-howard-schultz-successor-brian-niccol-new-strategy-2024-11">Howard Schultz</a> envisioned," Winter told BI, referencing the former Starbucks CEO's goal of creating a place for customers to spend time outside home and the workplace.At the time, new Starbucks stores were popping up around the US, and Winter said he visited stores around Dallas as they opened. Starbucks had about 1,400 stores in 1997 — 400 more than it had the year before, <a target="_blank" class="" href="https://about.starbucks.com/uploads/2019/01/AboutUs-Company-Timeline-1.6.21-FINAL.pdf">according to the company</a>.Winter said he got the idea to visit all of them during a conversation with an employee back then about the number of locations. "That was the exact moment that a light bulb went off in my head, and I asked, 'I wonder if it would be possible to visit every Starbucks,'" he said.Since then, he's focused on visiting as many as he can — or "Starbucking," as he calls it. He left his job at a software startup in late 1997 and started doing contract work to make it easier to travel and add more Starbucks stores to his list. He logs each store visit in a Microsoft Access Database and on <a target="_blank" class="" href="http://www.starbuckseverywhere.net/">his website</a>.As of June, Starbucks had over 39,000 company-owned and licensed stores. That growth, plus a constant stream of new openings and store closures, means Winter will never really achieve the goal he set out in 1997, he said.He's not giving up, though. "The best I can do is visit as many stores as possible in my lifetime, and I have come to terms with that reality," he said.The endeavor has taken him to all 50 states and dozens of other countries, from Japan to South Africa. He's also met up with other people who are also trying to visit different Starbucks stores and has written a book about Starbucking that he's trying to get published.<h2 id="175d2658-c274-4ae0-8608-6a6cc3cf42ba">Starbucks needs to run fewer, better stores, Winter says</h2>Winter has advice for CEO Niccol and the rest of Starbucks' executive team as they attempt to improve results at the coffee chain.Not all Starbucks stores that Winter visits are as welcoming as that Houston location where he played chess with friends back in 1995. <a target="_blank" class="" href="https://www.businessinsider.com/starbucks-workers-requested-store-changes-new-ceo-2024-10">Starbucks employees</a> at many US stores seem to be stretched thin, he said, as they struggle to fill a torrent of drink orders and have little time to chat with patrons.While some Starbucks stores that Winter has visited, such as those in college towns, still attract lots of in-person patrons, others, such as in small towns and rural areas, often have empty seating areas and mainly serve drive-thru customers, he said."By trying to maximize throughput, they are compromising the customer service and the customer experience," Winter said. "And I think it's come full circle and started to hurt the profits."Instead, Winter said, Starbucks should "have fewer stores with better-trained baristas rather than more stores with more poorly-trained baristas — or not even being able to staff those stores."Winter also said he hands baristas his reusable cup every time he orders a drink at a Starbucks store, but many already have their hand on a single-use paper or plastic cup when he starts placing his order.Starbucks started allowing customers to use their own reusable cups for drive-thru and mobile orders in January. It has "seen encouraging results" since it made the change, a company spokesperson told BI.The company needs to offer more training to employees on accepting those cups, Winter said.The challenges Niccol faces in making Starbucks a "third place" were illustrated this week. When BI spoke to Winter on Monday, he said that he had planned to take the call at a Starbucks store in the Dallas area, but he ended up at a biscuit shop down the street after he ran into a problem at the Starbucks location."The one that I was headed to was pickup only," with little room for him to sit, drink coffee, or plug in his computer, he said. "They did have some outdoor seating, but it was just not as convenient."A Starbucks spokesperson said that the company's "Back to Starbucks" plan, introduced last month by Niccol, aims to make its cafés feel more like places to hang out again — by serving for-here orders in ceramic mugs, for instance.It is also looking at staffing levels during busy times, such as the morning coffee rush, in order to make sure enough employees are on duty, the spokesperson said.Do you work at Starbucks and have a story idea or information to share? Reach out to this reporter at <a target="_blank" href="mailto:abitter@businessinsider.com">abitter@businessinsider.com</a>

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