Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Top 10 busiest airports in the world by passenger traffic

<ul class="summary-list"><li>Narendra Modi's party won far fewer seats than expected in India's election.</li><li>Modi's weakened majority may make it tougher for his government to push through reforms.</li></ul>Narendra Modi looks set to secure a historic third term leading Indian despite his party winning <a target="_blank" href="https://www.businessinsider.com/india-election-results-narendra-modi-bjp-congress-2024-6">far fewer seats than exit polls had suggested</a>.The outcome sent <a target="_blank" href="https://markets.businessinsider.com/news/stocks/india-stock-market-news-narendra-modi-election-nse-nifty-50-2024-6">Mumbai-listed stocks plummeting</a> — and Modi's significantly weakened majority could be a source of concern for American businesses, too.Modi's decade as Prime Minister has often been controversial, with his vision of building a "divine India" fueling <a target="_blank" href="https://edition.cnn.com/2024/02/05/india/india-modi-ram-temple-analysis-intl-hnk/index.html">a rise in Hindu nationalism</a> that's threatened to marginalize other religious groups.But his pro-growth, pro-business policies have boosted growth and drawn in huge amounts of foreign investment — as well as winning the support of some of the <a target="_blank" href="https://www.businessinsider.com/modi-india-election-economy-russia-oil-wealth-dimon-cook-musk-2024-5">loudest voices on Wall Street</a>."Modi has done an unbelievable job in India," JPMorgan boss Jamie Dimon told <a target="_blank" href="https://www.businessinsider.com/jpmorgan-jamie-dimon-economy-inflation-recession-stagflation-geopolitics-crypto-bitcoin-2024-4">the Economic Club of New York</a> in April. "I know the liberal press here, they beat the hell out of him. He's taken 400 million people out of poverty."Elon Musk has also <a target="_blank" href="https://x.com/elonmusk/status/1781541775183610310">posted on X</a> about his desire to visit India and meet with Modi. The pair are expected to discuss Tesla's plan to build a multibillion-dollar new factory in the world's most-populated country.Meanwhile, Apple CEO Cook said on a November earnings call that India is an "incredibly exciting market" and a "major focus of ours" given the explosive growth in potential customers as locals get richer. Modi has also met with Nvidia CEO Jensen Huang, Microsoft boss Satya Nadella, and Alphabet's Sundar Pichai in recent years.<h2 id="cc1fb394-3381-4ed0-9ccc-2a81f77556e6">Political stability</h2>"I think most investors have read the tea leaves and have realized that some of the political stability and predictable policies that they expect, that they desire when it comes to making investment decisions, is likely to be available in India," Rajesh Kumar Singh, a trade official for India, told Business Insider in January at <a target="_blank" href="https://www.businessinsider.com/davos-global-elite-saying-about-ai-behind-closed-doors-2024-1">the World Economic Forum in Davos</a>."I think the trick for India is going to be political stability, going forward for a period of time — because I think a lot of the economic fundamentals are there," Andy Baldwin, a partner at EY, said at the same conference.But Modi's significantly reduced majority could erode that sense of stability and make it tougher for him to pass further pro-market reforms, analysts said on Tuesday.<h2 id="f9ebf5af-aee7-426d-b5c8-03320c6cb9dc">China hedge</h2>"The fear will be that if he has to rely on alliances with smaller parties, any market-friendly policies will be diluted," Russ Mould, investment director at AJ Bell, wrote in a research note."Some may now worry that India's lofty earnings rating leaves it exposed on the downside now that the political narrative may not be quite as clear cut as once thought," he added.One appeal of India for the likes of Dimon, Musk, and Cook will likely have been Modi's firm grip on power, as USA Inc aims to hedge its bets on China given its strained relationship with the US and post-pandemic economic woes.The surprise election result could undermine that confidence.

Modi's election surprise raises questions about India for USA Inc 

<ul class="summary-list"><li>The Senate just passed a TikTok "ban" as part of a larger foreign-aid bill.</li><li>Once <keyword id="19970520" type="General" weightage="20" keywordseo="President-Joe-Biden" source="keywords" meta.keywordsubtype="org" meta.entityname="President Joe Biden" meta.hostid="261" meta.entityid="President Joe Biden">President Joe Biden</keyword> signs it into law, <keyword id="3749909" type="General" weightage="20" keywordseo="bytedance" source="Orion">ByteDance</keyword> will have 270 days to sell TikTok.</li></ul>The Senate passed a multifaceted bill on Tuesday evening that will effectively ban TikTok from the <keyword id="21416130" type="General" weightage="20" keywordseo="US-app-store" source="keywords">US app store</keyword> once President Joe Biden signs it, as he has signaled he will. The final vote was 79 in favor and 18 opposed. The House of Representatives <a target="_blank" href="https://www.businessinsider.com/house-republicans-plan-ukraine-israel-aid-explained-2024-4">passed a series of bills</a> over the weekend to provide foreign aid to Ukraine, Israel, and Taiwan and humanitarian funding for the Gaza Strip. Tucked into the foreign-aid bills was text forcing TikTok's parent company, ByteDance, to sell the social-media service to an American company or face a ban. The House passed a similar bill in March, pressuring <a target="_blank" href="https://www.businessinsider.com/tiktok-ban-house-vote-results-uncertain-in-the-senate-2024-3">ByteDance to divest within 180 days</a>. The newer version gives ByteDance 270 days to divest, a decision that appears to have been enough to sway the chair of the Senate Commerce Committee, Sen. Maria Cantwell. Cantwell didn't support the previous TikTok bill, saying she was unsure it could pass legal scrutiny. This is a problem other senators have pointed out, given the legislation specifically identifies ByteDance by name. Biden has said for months that he'll pass the legislation once it reaches his desk. In his last year in office, former President Donald Trump tried to force ByteDance to sell to an American company via executive order, but a federal district court struck down the order. The bill's passage in the Senate has come after months of TikTok lobbying against it. The app prompted its users to reach out to their representatives, and its CEO personally traveled to Washington, DC, to try to stop it. <a target="_blank" href="https://www.businessinsider.com/china-just-proved-why-congress-wants-to-ban-tiktok-2024-4">China</a> itself has apparently lobbied against the bill, too. Politico reported earlier in April that officials from the Chinese Embassy met with congressional staffers to voice their displeasure with the legislation. <a target="_blank" href="https://www.businessinsider.com/tiktok-could-bring-potential-house-congress-ban-legal-battle-2024-3">TikTok</a> has vowed to <a target="_blank" href="https://www.cnn.com/2024/04/22/tech/tiktok-vows-legal-challenge-to-potential-us-app-ban/index.html">challenge the bill in court</a> once Biden signs it. Enacting the TikTok "ban" could hurt Biden's chances at <a target="_blank" href="https://www.businessinsider.com/banning-tiktok-could-haunt-bidens-reelection-campaign-2024-3">reelection</a> in November, given the app's popularity among younger demographics and the likelihood of a close final vote. Trump may have picked up on that, too — earlier in the year, he spoke against banning TikTok despite his actions while president.

Will the US follow India's suit? US Senate passes bill that could ban TikTok

The <keyword id="19906063" type="General" weightage="100" keywordseo="ipl" source="keywords">IPL</keyword> mega auction 2024 kickstarted at 3 pm today at the Abady Al-Johar arena in Jeddha, Saudi Arabia. It will continue till tomorrow, and viewers can tune into Star Sports network on television and the JioCinema App. A total of 574 players were released by the respective franchise ahead of the mega auction. Of the 574 players, 366 are Indian, while 208 are overseas, including three from associate nations. The auction will see 318 Indian uncapped players and 12 uncapped overseas players in contention. There are 204 slots available, with 70 reserved for overseas players. The highest reserve price is set at Rs 2 crore, with 81 players opting for this bracket. The largest segment comprises players with a base price of Rs 30 lakh, totalling 320. The first set includes <keyword id="19904097" type="General" weightage="20" keywordseo="shreyas-iyer" source="keywords">Shreyas Iyer</keyword>, Rishabh Pant, and Arshdeep Singh, while the second features KL Rahul, <keyword id="20038368" type="General" weightage="20" keywordseo="yuzvendra-chahal" source="keywords">Yuzvendra Chahal</keyword>, Mohammed Shami, and Mohammed Siraj. The overseas marquee players are Mitchell <keyword id="19928915" type="General" weightage="20" keywordseo="starc" source="keywords">Starc</keyword>, Jos Buttler, Liam Livingstone, David Miller, and Kagiso Rabada. Several teams will deploy Right-to-Match (RTM) cards during the auction. The Kolkata Knight Riders (KKR) and Rajasthan Royals (RR), having retained six players each--the maximum allowed--will not have any RTM cards. Punjab Kings (PBKS) hold four RTMs, Royal Challengers Bengaluru (RCB) three, and Delhi Capitals (DC) two. Chennai Super Kings (CSK), Gujarat Titans (GT), Lucknow Super Giants (LSG), and Mumbai Indians (MI) each have one RTM. RTM cards enable teams to buy back released players by matching the highest bid. In this auction, the team with the highest bid can increase their offer once more, after which the team holding the RTM card can match the final bid to secure the player. The IPL 2025 Mega Auction promises to deliver high-stakes action, with marquee players and strategic manoeuvres set to enthral cricket fans. A total of 12 marquee players, including Indian stars like Shreyas Iyer, Rishabh Pant and KL Rahul have created a lot of buzz within the cricket fraternity. A total of 574 players have been shortlisted from an initial pool of 1,574 names. These players will go under the hammer from November 24-25 in Jeddah. The list includes 208 overseas players, 12 uncapped overseas talents, and 318 uncapped Indian players, according to Wisden. Here is a look at all the marquee players who will be going under the hammer: Jos Buttler (England) Buttler is one of finest white-ball batters of this generation, with 11,929 runs, eight centuries and 83 fifties to his name in 427 T20s. A T20 World Cup-winning captain for England, Buttler made a name for himself in the IPL during his stint with Rajasthan Royals (RR) from 2018 to 2024. For RR since 2018, Buttler scored 3,055 runs at an average of 41.84 and a strike rate of 147.79, with 7 centuries and 18 fifties. His best score was 124. He is the team's third-highest run-getter of all time. The IPL 2022, in which RR finished as runners-up, was the zenith of Buttler's career, as he ended up on the top of run-scoring charts, with 863 runs in 17 matches at an average of 57.53 and a strike rate of over 149, with four centuries and four fifties. His best score was 116. In the last season, Buttler scored 359 runs in 11 matches at an average of 39.88, with two centuries. Buttler also represented Mumbai Indians (MI) from 2016-17, scoring 527 runs in 24 matches with one half-century. He won the title with them in 2017. Shreyas Iyer (<keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>) Iyer has played all formats for India, proving his mettle mostly in ODI cricket, where he averages 47 and has scored five centuries and 18 fifties in 57 ODIs. In 51 T20Is for India, Iyer has scored 1,104 runs at an average of 30.66 and a strike rate of over 136, with eight half-centuries and best score of 74*. During his time with Delhi Capitals (2015-21), he earned a reputation as a fierce young leader, taking DC to finals in 2021. After joining Kolkata Knight Riders (KKR) in 2022, Iyer went one step further and won the franchise its third IPL title, its first in 10 years, this year. Throughout the season, Iyer along with mentor Gautam Gambhir, led the team's aggressive, high-scoring brand of cricket from the front. In his IPL career, Iyer has scored 2,375 runs at an average of 31.67, with a strike rate of 123.96 and 16 half-centuries. His best score is 96. In his last season for KKR, he scored 351 runs in 15 matches at an average of 39.00 and a strike rate of over 146, making two fifties. Rishabh Pant (India) The swashbuckling wicketkeeper-batter is an all-format for India and a livewire on the field. Having proven himself as a man for big stages in Test cricket, Pant's T20 game is just as solid. Though he has scored 1,209 runs in 76 T20Is at an underwhelming average of 23.25, strike rate of almost 128 and just three fifties, his overall T20 numbers are way better, having made 5,022 runs in 202 matches at an average of 31.78, strike rate of over 145, with two centuries and 25 fifties. Pant has represented Delhi Capitals (DC) for his entire IPL career since 2016, scoring 3,284 runs in 110 matches at an average of 35.31, with a century and 18 fifties. He was appointed as the team's captain in 2021 and led them to playoffs in the same season. During this last season, which marked his return from competitive cricket after a serious road accident in 2022-end, Pant scored 446 runs in 13 matches at an average of 40.54 and a strike rate of 155.40, with three fifties and best score of 88*. He was the leading run-scorer for DC. Kagiso Rabada (South Africa) The South African pacer is among the best in the world, having taken 71 wickets in 65 T20Is. He is the part of the SA team which reached the T20 World Cup finals this year and took 13 wickets in nine matches. Rabada has played T20 leagues and competitions worldwide and taken 264 scalps in 211 matches. In the IPL, Rabada has represented Delhi Capitals and Punjab Kings, having taken 117 wickets in 80 matches. With PBKS from 2022-2024, he took 41 wickets in 30 matches while with DC from 2017-2021, he took 76 wickets in 50 matches. In 11 matches last season for Punjab Kings, he took 11 wickets at an average of 33.81. Arshdeep Singh (India) A brilliant left-arm pacer for his swing and wicket-taking abilities, Arshdeep has represented India in 59 T20Is and has already taken 92 wickets at an average of 18.47, making him the most successful pacer for India in T20Is and their second-highest wicket-taker of all-time despite debuting only in 2022. The youngster was a crucial part of India's T20 WC winning squad this year and was the joint-highest wicket-taker in the tournament with 17 wickets in eight matches at an average of 12.47. Since 2019, the year of his IPL debut, Arshdeep has represented the Punjab Kings in 65 matches, taking 76 wickets at an average of 27.00 and best figures of 5/32. The season this year was his strongest-ever showing, taking 19 wickets in 14 matches at an average of 26.58. Mitchell Starc (Australia) A multi-time world champion with Australia across all formats, Starc is considered as one of the deadliest pacers of this era, having taken 681 wickets in 281 matches. In 65 T20Is for Australia, he has taken 79 wickets at an average of 23.81. in 142 T20Is played worldwide, he has taken 193 wickets at an average of 20.59 and best figures of 4/15. After two seasons with Royal Challengers Bengaluru (RCB) from 2014-15, Starc made his IPL return this year as the most expensive player ever, brought by Kolkata Knight Riders (KKR) for Rs 24.75 crores. Though he delivered mixed returns during the league stage, the 'Big Match Starc' came into play during playoffs, delivering outstanding spells of 3/34 and 2/14 against <keyword id="19959099" type="General" weightage="20" keywordseo="sunrisers-hyderabad" source="keywords">Sunrisers Hyderabad</keyword> (SRH) in the Qualifier 1 and final. He ended the season with 17 wickets in 14 matches at an average of 26.12 including a four-wicket haul. So far in his IPL career, Starc has taken 51 wickets in 41 matches. Yuzvendra Chahal (India) The Indian spin veteran is the chart-topping bowler, owning the most wickets by an Indian in T20is and by any bowler in the IPL. In the IPL, Chahal has taken 205 wickets in 160 matches at an average of 22.44, with best figures of 5/40. In 80 T20Is he has taken 96 wickets at an average of 25.09 with best figures of 6/25. Also in all of T20s, he has taken 354 wickets in 305 matches, the most by an Indian bowler. Chahal remains the leading wicket-taker for Royal Challengers Bengaluru (RCB), even after departing in 2021 following a tenure that began in 2014. In 113 matches for RCB, he took 139 wickets at an average of 22.03, with a best of 4/25. Since joining Rajasthan Royals (RR) in 2022, Chahal has helped the team reach the playoffs twice in three seasons. He is also the leading wicket-taker in IPL history, amassing 205 wickets in 160 matches at an average of 22.44, with a best of 5/44. He won the Purple Cap in 2022, his debut season with RR, securing 27 wickets in 17 matches at an average of 19.51, with best figures of 5/40. During the 2024 season, he took 18 wickets in 15 matches at an average of 30.33. Liam Livingstone (England) A T20 World Cup-winning all-rounder, Liam has scored 877 runs in 53 T20Is at an average of 27.40 and a strike rate of almost 152, with a century and two fifties. With his useful right-arm spin, he has taken 32 wickets at an average of over 23, with best figures of 3/17. He owns the record for fastest T20I ton by an England player, in just 42 balls. The batting all-rounder has played for Rajasthan Royals (RR) and Punjab Kings (PBKS) since his tournament debut in 2019, scoring 939 runs in 39 matches at a strike rate of 162.46 and six fifties. He has also taken 11 wickets. His best has come with Punjab, who signed him for Rs 11.5 crores ahead of the 2022 season, which proved to be his breakthrough, scoring 437 runs in 14 matches with four fifties and a strike rate of 182.08 and getting six wickets in 14 matches. In the last season, Livingstone scored 111 runs in seven matches at an average of 22.20, striking at over 142 and having the best score of 38*. David Miller (South Africa) An elite T20 finisher, Miller is considered as one of the modern white-ball greats for South Africa. In 128 matches for Proteas, he has made 2,473 runs at an average of 32.54, striking at almost 140, with two centuries and seven fifties. In the IPL, Miller is known for his stints with Punjab Kings, Rajasthan Royals and Gujarat Titans. His stint with Punjab from 2012-19 made him a valuable IPL commodity, as he enjoyed his peak years from 2013-15, reaching the finals in 2014. After a few years' of underwhelming performances and being benched, GT placed trust in his finishing abilities and he repaid the faith with a 481-run season in 16 matches with two fifties, playing a crucial role in the team's title win in his debut season. Miller is also known for his fine performances in knockout games. In 41 matches for GT, he has scored 950 runs at an average of 45.24, with three fifties in 38 innings and a strike rate of 145.26. In the last season, he scored 210 runs at an average of 35.00 and a strike rate of over 151, with a half-century. KL Rahul (India) A versatile batter for India across all formats. He can open, bat in middle-order, anchor and accelerate. A highly capable wicketkeeper-batter as well. He is India's fourth-highest run-getter in T20Is, scoring 2,265 runs in 72 matches at an average of 37.75, striking at almost 140 with two centuries and 22 fifties to his name. In 132 IPL matches since his debut in 2013, KL has played for Sunrisers Hyderabad, Royal Challengers Bengaluru, Punjab Kings and Lucknow Super Giants, even going on to captain the latter two teams. In 132 matches, he has scored 4,683 runs at an average of 45.47 and a strike rate of 134.61, with four centuries and 37 fifties. For LSG since 2022, he has scored 1,410 runs at an average of 41.47, with a strike rate of 130.68, two centuries and 10 fifties. He has never won an IPL title. In 14 matches last season, he scored 520 runs at an average of 37.14 and a strike rate of 136.12 and four half-centuries. His best score was 82 and he ended up as seventh-highest run-getter in the season. Mohammed Shami (India) The Indian pace veteran has represented India in all formats, having taken 448 wickets in 188 matches. His finest hour in an Indian jersey came during the 50-over World Cup at home last year, where he emerged as the leading-wicket-taker with 24 wickets in just seven matches and played a crucial role in India's runners-up finish. In IPL, Shami has played for Delhi Capitals, Punjab Kings, Kolkata Knight Riders and Gujarat Titans. He has taken 127 wickets in 110 matches at an average of 26.86. Shami was the Purple Cap holder for most wickets in GT's 2023 runners-up season and has taken 48 wickets in 33 matches at an average of 21.04 for the team. This also remains his last IPL season as he missed the previous season due to an ankle injury. Mohammed Siraj (India) Siraj is a solid all-format pacer for India, having taken 165 wickets across 91 matches, with a lot of match-winning performances in overseas Tests. He is the ICC T20 World Cup 2024 winner with the team. In his IPL career, he has played for Sunrisers Hyderabad and Royal Challengers Bengaluru (RCB) from his debut in 2017, taking 93 wickets in 93 matches at an average of 30.34. Since 2018, he has been a vital part of RCB's pace attack, having taken 83 wickets in 87 matches at an average of 31.45 and best figures of 4/21. In the last season this year, he took 15 wickets in 14 matches at an average of 33.07, playing a crucial role in the team's inspirational playoffs qualification. (ANI) A total of 1,574 players will go under the hammer in the upcoming IPL 2025 mega auction in Jeddah, Saudi Arabia on Sunday and Monday which includes 1,165 Indian players and 409 overseas players, all competing for a place in the world's premier T20 league. The comprehensive list of registered players features 320 capped players, 1,224 uncapped players, and 30 players from Associate Nations. Specifically, the breakdown includes 48 capped Indian players, 272 capped international players, 152 uncapped Indian players who previously played in IPL seasons, 3 uncapped international players with prior IPL experience, 965 uncapped Indian players, and 104 uncapped international players. Among the 409 overseas players, Australia leads with 76 registrations, followed by South Africa with 91, and England with 52. Other notable countries include New Zealand with 39, West Indies with 33, Afghanistan and Sri Lanka with 29 each, and the USA with 10 players. Players from Bangladesh (13), Ireland (9), Canada (4), Netherlands (12), Zimbabwe (8), Scotland (2), UAE (1), and Italy (1) have also registered. With each of the ten IPL franchises able to fill a maximum squad of 25 players, 204 slots will be available at the IPL 2025 player auction. The event promises to be highly competitive as teams build their rosters for the next three years.

IPL 2025: What can you expect from the mega auction at Jeddah in Saudi Arabia?

<keyword id="4078236" type="General" weightage="100" keywordseo="jiocinema" source="Orion">JioCinema</keyword> on Wednesday announced the acquisition of digital rights to <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>'s Tour of West Indies 2023 to live-stream the month-long series that includes two Tests, three ODIs and five T20Is. The all-format bilateral tour starts July 12 with the first Test in Dominica followed by the second in Trinidad. The Test series will mark the beginning of India's <keyword id="713106" type="General" weightage="20" keywordseo="world-test-championship" source="Orion">World Test Championship</keyword> 2023-25 cycle. The 3-match ODI series begins July 27 and will be played in Barbados and Trinidad. The five-match T20I competition tips off in Trinidad on August 3, followed by two matches in Guyana and the last two fixtures in Florida, <keyword id="6355055" type="General" weightage="20" keywordseo="usa" source="Orion">USA</keyword>. "JioCinema offered a seamless streaming experience that resulted in astonishing benchmarks never heard of. We pushed the boundaries of technological capability to affirm that sports is best experienced digitally," said Viacom18 - Sports Head of Strategy, <keyword id="17701928" type="General" weightage="20" keywordseo="partnership-acquisitions-hursh-shrivastava" source="Orion">Partnership &amp; Acquisitions Hursh Shrivastava</keyword>. "With the <keyword id="3388740" type="General" weightage="50" keywordseo="india-tour-of-west-indies" source="Orion">India Tour of West Indies</keyword> 2023, we will forge ahead and offer our viewers a world-class presentation." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/wpi-inflation-declines-to-3-year-low-of-3-48-in-may/articleshow/100988393.cms">WPI inflation declines to 3-year low of (-) 3.48% in May</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/despite-major-crises-these-syrians-innovated-a-sustainable-business-turning-plastic-junk-into-cheap-mats/articleshow/100988722.cms">Despite major crises, these Syrians innovated a sustainable business turning plastic junk into cheap mats!</a>

JioCinema resumes digital innings with India's tour of West Indies 2023

Union Minister of Road Transport Highways, <keyword id="19897455" type="General" weightage="20" keywordseo="nitin-gadkari" source="keywords">Nitin Gadkari</keyword> on Tuesday said that <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> will soon be in a position to export <keyword id="459398" type="General" weightage="20" keywordseo="Lithium-ion-batteries" source="Orion">lithium-ion batteries</keyword>. Speaking at the Society of Indian Automobile Manufacturers (SIAM's) 64th convention in New Delhi, the Union Minister said," I'm confident that we'll be in a position to export <keyword id="1607661" type="General" weightage="20" keywordseo="Lithium-ion" source="Orion">lithium-ion</keyword> batteries to the different parts of the world. At the same time, the research is going on. The aluminium, ironic oil, and different types of chemistry. I feel that it is also a good thing and there is a huge market for that." <keyword id="19934966" type="General" weightage="20" keywordseo="gadkari" source="keywords">Gadkari</keyword> said with government initiatives and incentives many Indian companies are venturing into lithium-ion battery manufacturing. "The good thing is that lithium-ion manufacturing is now <keyword id="19898586" type="General" weightage="20" keywordseo="adani" source="keywords">Adani</keyword>, <keyword id="19904884" type="General" weightage="20" keywordseo="tata" source="keywords">Tata</keyword>, Maruti, LG, and Samsung. They are all coming in this business. Because...Take the example of semiconductors the government adopted is such a good policy because of that after 2 three years we will be the number one in the manufacturing of the semiconductors in the world," he said. Going further, Gadkari stated that India's EV market is expected to grow to one crore units of annual sales by 2030 and will create five crore jobs. Indian EV market has the potential to become Rs 20 lack crore by 2030. Gadkari asked the industry to focus on quality, better designs, and use the latest technology if they want to compete in the segment and boost exports. Consumers are now conscious of quality. The government is working on establishing a testing agency for better research and testing of vehicle manufacturing. CIIT Training Institute will be established in Pune with a sanctioned cost of Rs 450 crore. "Regarding the Testing Agency for Better Research and Development and Development world-class Testing Agency in CIIT Pune we have decided to start a new venture there with international standards and having all types of the facility which are available in the world and my department has sanctioned 450 Cor or that already DPR is in process and next three months we will try to start this project and that is to be very important for the industry where we will get maximum service and maximum to all the industry," he said. The Union Minister requested the automobile industry to support and cooperate with the government for India's scrappage policy. Gadkari asked the industry to promote and come up with better incentives for the scrappage of old vehicles. The vehicle manufacturers of the USA and Europe have increased their sales by 9 to 12 per cent by promoting scrappage policy. He also thanked the industry for the decision to provide a 3 percent discount for vehicle owners for scrapping their vehicles, adding that the cost of components can be reduced by 20-40 per cent due to the move. Gadkari urged the industry to establish their own scrappage centres. In his remarks, Gadkari said, "The automobile industry plays a pivotal role in realizing the Prime Minister's vision of transforming India into a 5 trillion-dollar economy and elevating it to the third largest economy globally. Our ambition is to extend it as the number one auto manufacturing industry worldwide. As we target a carbon-neutral status by 2070, innovation and sustainable practices in the auto sector are crucial." SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/ather-energy-looks-to-raise-3100-crore-files-ipo-papers-with-sebi/articleshow/113214971.cms">Ather Energy looks to raise ₹3,100 crore, files IPO papers with SEBI</a> <a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-pro-iphone-16-pro-max-india-price-specifications/articleshow/113204340.cms">iPhone 16 Pro and iPhone 16 Pro Max with bigger displays, A18 Pro chipset launched starting at ₹1,19,900</a> <a href="https://www.businessinsider.in/tech/mobile/news/apple-iphone-16-iphone-16-plus-price-specs/articleshow/113203568.cms">iPhone 16, iPhone 16 Plus with A18 chipset launched starting at ₹79,900</a>

India will soon be in a position to export Lithium-ion batteries: Nitin Gadkari

New Delhi: <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> has demonstrated a largely successful inflation targeting regime compared to advanced economies such as the USA, Germany, and France, according to a research report by the <keyword id="19934368" type="General" weightage="100" keywordseo="state-bank-of-india" source="keywords">State Bank of India</keyword> (SBI). The report credits government initiatives, the <keyword id="19899808" type="General" weightage="20" keywordseo="rbi" source="keywords">RBI</keyword>, and banks for addressing these issues over the past decade, allowing for better policy transmission and improved inflation management. "The success of Inflation Targeting in India is largely a byproduct of a vibrant financial ecosystem where <keyword id="23140158" type="General" weightage="20" keywordseo="rbi-government" source="keywords">RBI, Government</keyword> and the Banks are working closely in unison in ushering in market reforms" said the report The report highlighted that India experienced minimal deviations from its inflation targets between 2021 and 2024, setting it apart from other global economies facing greater inflationary challenges. It added that during 2021-2024, India recorded one of the lowest deviations from its inflation targets, highlighting the effectiveness of its inflation control measures. This success, the report points out, is largely a result of coordinated efforts between the <keyword id="19899810" type="General" weightage="20" keywordseo="reserve-bank-of-india" source="keywords">Reserve Bank of India</keyword> (RBI) and the central government. "India had a largely successful inflation targeting regime. Compared to advanced economies like the USA, Germany" said the report. As per the report the synchronization of monetary and fiscal policies, particularly during the pandemic, played a key role in maintaining price stability. It also emphasized that India's pre-inflation targeting regime faced several challenges that hindered the effective transmission of monetary policy. These challenges included sustained fiscal dominance, the presence of a large informal sector, significant informal financing, and inefficiencies in how banks priced their loan products. "Effectiveness of monetary policy in India's pre-Inflation Targeting regime was constrained by several India specific factors that affected transmission of the policy impulses through the interest rate channel" the report added. However, one of the key arguments in the report is that the RBI's inflation targeting has anchored inflationary expectations, even as food inflation remains high. The notion that headline inflation should exclude food prices was dismissed as counterfactual by the report. According to the study, the RBI's success in targeting inflation, despite food price volatility, has prevented a spill-over from food inflation to core inflation. The report stressed that the RBI's consistent communication of its inflation target--set at 4 per cent--has been crucial in successfully anchoring inflation expectations. By reinforcing its commitment to this target, the RBI has helped stabilize inflationary trends across the broader economy. The SBI report reinforces India's effective monetary policy framework, particularly in light of the global inflationary pressures seen in advanced economies like the US and Germany.

India handled inflation much better than US, Germany and France: SBI Report

Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword> urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around USD 3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years. Addressing CEOs of the large US tech firms on Sunday, Modi said India will make every effort to become the third largest economy in the world in his third term (2024-29). Companies should take advantage of India's growth story for collaboration and innovation by co-developing, co-designing, and co-producing in India for the world, harnessing the opportunities from the country's economic and technological growth, he said. Assuring the business leaders of India's deep commitment to the protection of intellectual property and to fostering tech innovation, Modi highlighted the economic transformation happening in the country, particularly in electronics and information technology manufacturing and semiconductors. Modi asserted that his government was committed to making India a "global hub of <keyword id="20073013" type="General" weightage="20" keywordseo="semiconductor-manufacturing" source="keywords">semiconductor manufacturing</keyword>". The meeting took place at the Lotte <keyword id="19904497" type="General" weightage="20" keywordseo="New-York" source="keywords">New York</keyword> Palace Hotel on Sunday during the second leg of Modi's three-day US visit. It saw the participation of CEOs of 15 major US-based firms working on cutting-edge technologies such as AI, quantum computing and semiconductors. "Had a fruitful roundtable with tech CEOs in New York, discussing aspects relating to technology, innovation and more. Also highlighted the strides made by India in this field. I am glad to see immense optimism towards India," Modi said in a post on X. During the conference, Modi said technology collaboration and efforts such as the Initiative on Critical and Emerging Technologies (ICET) lie at the core of the India-US Comprehensive Global Strategic Partnership, according to a Ministry of External Affairs press release. Organised by the Massachusetts Institute of Technology (MIT) School of Engineering, the CEOs of top US tech firms, including Google CEO Sundar Pichai, Adobe CEO Shantanu Narayena, Accenture CEO Julie Sweet and NVIDIA CEO Jensen Huang attended the meeting. Others who participated in the roundtable included AMD CEO Lisa Su, HP Inc. CEO Enrique Lores, IBM CEO Arvind Krishna, Dr Noubar Afeyan, Chairman of Moderna, and Verizon CEO Hans Vestberg. Modi also talked about India's BIO E3 (biotechnology for environment, economy and employment) policy to develop the country into a biotech powerhouse and on the topic of AI, noted that India's policy is to promote AI for all, underpinned by its ethical and responsible use. The CEOs appreciated India's growing prominence as a global technology hub, driven by its innovation-friendly policies and flourishing market opportunities. They also expressed strong interest in investing and collaborating with India, agreeing that investing in startups would be a synergistic opportunity to innovate and develop newer technologies in the country. Others who attended the conference included Biogen Inc CEO Chris Viehbacher, CEO of Bristol Myers Squibb, Chris Boerner, Eli Lilly and Company CEO David A. Ricks, LAM Research CEO Tim Archer, GlobalFoundries CEO Thomas Caulfield, and the CEO of Kyndryl, Martin Schroeter. "Further cementing technology and business connect. PM @narendramodi interacted with the top tech leaders and CEOs of USA, in a Roundtable hosted by the Massachusetts Institute of Technology School of Engineering, in New York today. PM emphasised India's growth prospects and discussed initiatives to foster collaborations and innovation across diverse sectors," the official account of the MEA said in a post on X. The prime minister had a separate meeting with Krishna P Singh, CEO of Holtec International, which is into nuclear and solar power generation. They discussed Holtec's plan for expanding manufacturing in India and advancing energy cooperation, PMO India said in a post on X. Earlier on Sunday, Modi addressed the <keyword id="20115166" type="General" weightage="20" keywordseo="Indian-diaspora" source="keywords">Indian diaspora</keyword> at the packed Nassau Veterans Coliseum on Long Island in New York. He also held bilateral meetings with world leaders at the sidelines of the UN General Assembly session here. Modi reached New York on Saturday after attending the Quad Leaders' Summit hosted by President Joe Biden in Wilmington, Delaware. <div type="Article" hostid="261" msid="113516805" title="Why is Indian Prime Minister Narendra Modi visiting the US this weekend?" mstype="2" mssubtype="0"></div>

You Searched For "india and USA" and got 8 results

Top 10 busiest airports in the world by passenger traffic

Kapil Yadav

Modi's election surprise raises questions about India for USA Inc

George Glover

Will the US follow India's suit? US Senate passes bill that could ban TikTok

Madison Hall,Hannah Getahun

IPL 2025: What can you expect from the mega auction at Jeddah in Saudi Arabia?

BI India Bureau

JioCinema resumes digital innings with India's tour of West Indies 2023

IANS

India will soon be in a position to export Lithium-ion batteries: Nitin Gadkari

ANI

India handled inflation much better than US, Germany and France: SBI Report

ANI

PM Modi invites US CEOs to take a 'byte' out of India's growing technology sector

PTI

Popular Keywords

Buying Guides