India's real leverage with U.S. is tech services, not agri: Fmr Deputy Chair, Planning Commission India
Top Indian economist and former Deputy Chairman of the Planning Commission in India, Montek Singh Ahluwalia, capitulates that India's goal is to be part of the global supply chain, welcoming imports and foreign investment to build long-term manufacturing strength and credibility. He cautions that the U.S. push to 'make everything in America' risks damaging its own economy and goes against the logic of global trade integration.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
5 hours ago
- CNBC
India orders inspection of Boeing 787s after Air India crash
India's aviation regulator has ordered all Boeing 787s being operated by local carriers to be inspected after an Air India crash killed 270 people this week, the aviation minister said on Saturday, adding the authorities were investigating all possible causes. The aviation regulator on Friday ordered Air India to conduct additional maintenance checks on its Boeing 787-8/9 aircraft equipped with GEnx engines, including assessments of certain take-off parameters, electronic engine control tests and engine fuel-related checks. "We have also given the order to do the extended surveillance of the 787 planes. There are 34 in our Indian fleet," aviation minister Ram Mohan Naidu told a media briefing in New Delhi. "Eight have already been inspected and with immediate urgency, all of them are going to be done." He did not say whether government officials will be involved in the inspections. The Boeing 787-8 Dreamliner with 242 people on board bound for Britain's Gatwick Airport began losing height seconds after take-off on Thursday and erupted in a fireball as it hit buildings below, in what has been the world's worst aviation disaster in a decade. Air India operates 33 Boeing 787s, while rival airline IndiGo has one, according to data from Flightradar24. IndiGo did not respond to a request for comment. In a statement, Air India said it is currently completing the one-time safety checks directed by the Indian regulator, adding that "some of these checks could lead to higher turnaround time and potential delays on certain long-haul routes." The planes, however, have not been grounded, but a source on Friday told Reuters the Indian government was considering that as an option. Naidu also said the government will look at all possible theories of what led to the crash. Air India and the Indian government were looking at several aspects of the crash including issues linked to its engine thrust, flaps, and why the landing gear remained open as the plane took off and then came down, Reuters has reported. At least 270 bodies have been recovered from the site of the crash, Dhaval Gameti, president of the Junior Doctors Association at B.J. Medical College, told reporters. Only one of the 242 passengers and crew on board survived while others were killed as the plane struck the medical college's hostel as it came down. The crisis has cast a shadow on Air India, which has for years struggled to rebuild its reputation and revamp its fleet after the Tata Group took over the airline from the Indian government in 2022. Tata's chairman said on Friday the group wants to understand what happened, but "we don't know right now." Naidu said a government panel was investigating the crash and will issue a report within three months. "We are going to improve every necessary thing that is going to come our way, to improve the safety," he said at the briefing, declining questions from journalists. Dozens of anxious family members have been waiting outside an Ahmedabad hospital to collect bodies of loved ones killed in the crash, as doctors were working overtime to gather dental samples from the deceased to run identification checks and DNA profiling. Rafiq Abdul Hafiz Memon, who lost four relatives in the incident, said he was not getting any answers from authorities and was "very hassled". "We have lost our children ... we are not understanding anything. Please help us get information about our children. Tell us when they are going to release their bodies," Memon said. Another father was upset about not being able to get the body of his son, Harshad Patel, saying he was told by authorities it will take 72 hours for DNA profiling. "The authorities are trying to help but our patience is running out," he said. Most bodies in the crash were badly charred and authorities are using dental samples to run identification checks. Jaishankar Pillai, a forensic dentist, told reporters on Friday they had the dental records of 135 charred victims, which can then be matched through reference to victims' prior dental charts, radiographs or other records. Even for doctors, things are getting difficult, as the plane struck a hostel building of the B.J. Medical College, where many of the dead are undergoing identification checks. "Most of us are struggling with our emotions and are mentally disturbed because of the loss of friends and colleagues," said one doctor who did not wish to be named. "The loss of so many colleagues and friends in this incident is difficult."
Business Insider
8 hours ago
- Business Insider
Coca-Cola Stock (KO) Unfazed by Recycling Efforts
Coca-Cola (KO) stock didn't see much movement on Friday after the company announced a new recycling program. This program, being tested in the Philippines, offers cash rewards to small business owners who recycle plastic bottles, including those from brands other than Coca-Cola. Confident Investing Starts Here: This latest rewards program builds on Coca-Cola's efforts to increase recycling of its plastic bottles. It also recently launched a program in India that offers rewards to consumers who return bottles to special vending machines. Coca-Cola's interest in recycling comes alongside increased protests from environmental groups. Activists have targeted the company for its reliance on plastic bottles. Coca-Cola isn't the only beverage company using these bottles, but it catches extra flak due to its market leader status in the soda sector. Coca-Cola Fest Luanda Coca-Cola also announced a new music festival, titled Fest Luanda, that will take place in Angola. This event is set for June 21, 2025, and will start at 4:00 PM local time. The company said the event will celebrate the 'dynamic spirit of Angolan youth and culture.' Coca-Cola has taken an interest in music recently, with the launch of a new record label named 'real thing records.' It signed French-New Zealand singer-songwriter Max Allais and Indian singer-songwriter and producer Aksomaniac Among as the first two artists for the label. KO stock has been largely unfazed by today's news, with shares down 0.17% as of this writing. The stock remains up 15.87% year-to-date and 14.68% over the past 12 months. Is Coca-Cola Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Coca-Cola is Strong Buy, based on 15 Buy and one Hold rating over the past three months. With that comes an average KO stock price target of $79.53, representing a potential 10.95% upside for the shares.
Business Upturn
11 hours ago
- Business Upturn
Nifty 50 top gainers this week (June 14): Tech Mahindra, ONGC, Wipro, HCL Technologies, Grasim Industries and more
By Aman Shukla Published on June 14, 2025, 09:56 IST The Indian stock market closed lower on Friday, June 13, 2025, amid weak global cues and a surge in Brent crude oil prices following reports of a geopolitical escalation in the Middle East. The benchmark indices ended the session in the red, reflecting cautious investor sentiment. The Nifty 50 index declined by 169.60 points or 0.68% to close at 24,718.60, while the BSE Sensex fell by 573.38 points or 0.70% to settle at 81,118.60. The Nifty Bank index also came under pressure, shedding 555.20 points or 0.99% to close at 55,527.35. On a weekly basis, the Nifty 50 slipped by 284.45 points or 1.13%, while the Sensex registered a decline of 1,070.39 points or 1.30%. Several Nifty 50 stocks posted impressive weekly gains, with Tech Mahindra, ONGC and Wipro leading the charge. Let's take a look at the top gainers of Nifty 50 this week, as per Trendlyne data. Top Stock Gainers This Week (Ending June 14, 2025) Tech Mahindra closed at ₹1,659.00, up 5.6% for the week. Oil and Natural Gas Corporation (ONGC) ended at ₹251.50, registering a 4.8% weekly gain. Wipro closed at ₹260.20, up 4.7% for the week. HCL Technologies settled at ₹1,695.30, rising 3.5% over the week. Grasim Industries ended at ₹2,663.80, also posting a 3.5% increase. Dr. Reddy's Laboratories closed at ₹1,362.50, gaining 3.2% during the week. Infosys ended at ₹1,602.00, up 2.4% for the week. Tata Consultancy Services (TCS) closed at ₹3,445.70, with a 1.8% weekly rise. Kotak Mahindra Bank ended at ₹2,107.40, gaining 1.6% over the week. Hero MotoCorp closed at ₹4,333.80, up 1.5% for the week. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Grasim IndustriesHCL TechnologiesNiftyONGCTech MahindraWipro Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
