logo
Modi highlights govt focus on generating employment

Modi highlights govt focus on generating employment

Hans Indiaa day ago
New Delhi: Prime Minister Narendra Modi on Saturday emphasised his government's focus on generating employment in the public and private sectors, asserting that the country has progressed in every field in the past 11 years.
In a virtual address after the distribution of over 51,000 appointment letters, the PM said his government's welfare schemes, be it building over 4 crore houses for the poor, distributing over 10 crore new LPG connections or the rooftop solar programme, have created lakhs of new employment opportunities and so have a host of other initiatives that led to growth in manufacturing sector.
Speaking of his recent five-nation tour, he said the whole world now recognises the strength of India's demography and democracy. The ability of India's youth is its biggest capital and a guarantee of the country's bright future, he added. Modi said, 'The world acknowledges today that India possesses two infinite powers. One is demography, the other is democracy. In other words, the largest youth population and the largest democracy.' The Prime Minister asserted that the agreements signed during his tour will benefit Indian youth both within the country and abroad.
The treaties cover critical sectors such as defence, pharmaceuticals, digital technology, energy, and rare earth minerals and will create far-reaching benefits.
'These initiatives will not only strengthen India's global economic standing but also generate meaningful opportunities for young Indians in both manufacturing and services,' he said.
Noting that over 25 crore people were lifted out of poverty in the past 10 years, the Prime Minister said it would not have happened but for the employment and sources of income generated for them. These poor people used to have a difficult living and feared death but became so strong that they defeated poverty, he added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Uday Ruddarraju set to join OpenAI
Uday Ruddarraju set to join OpenAI

United News of India

time36 minutes ago

  • United News of India

Uday Ruddarraju set to join OpenAI

New Delhi, July 14 (UNI) Uday Ruddarraju, who has resigned from Elon Musk's startup xAI, is set to join OpenAI. Indian-origin Ruddarraju resigned as head of infrastructure engineering yesterday from Tesla Chief's company startup xAI. His resignation comes two days after X CEO Linda Yaccarino announced her resignation just months after the social media platform was acquired by the billionaire's AI startup, xAI. Ruddarraju was instrumental in leading the training of the AI model Grok 3. It is a reasoning-based model that surpassed its previous competitors. Ruddarraju has completed his Master's in Computer Science from the University of Minnesota. He previously worked in engineering roles at eBay and 2024, Uday joined as the head of Infrastructure Engineering of xAI. In a post on X, Ruddarraju praised Elon Musk and his team for their determination to achieve targets. He also pointed to his small efforts at xAI in building the future of AI computers. After resigning from his post, Uday confirmed that he is heading to OpenAI. His departure from OpenAI is a big jolt to xAI central teams, which are working in departments of research and computing. Uday is also credited with the creation of 'Colossus' in his tenure at the company. Colossus is the name given to the massive AI supercomputer developed by xAI. It's currently the world's largest AI supercomputer, located in Memphis, Tennessee. UNI SAS AAB PRS

Travel Food Services IPO Lists At 2.3% Premium, Shares Slip Into Red: Should You Buy, Hold Or Sell?
Travel Food Services IPO Lists At 2.3% Premium, Shares Slip Into Red: Should You Buy, Hold Or Sell?

News18

time40 minutes ago

  • News18

Travel Food Services IPO Lists At 2.3% Premium, Shares Slip Into Red: Should You Buy, Hold Or Sell?

Travel Food Services IPO Listing: Shares of Travel Food Services Ltd listed at just a 2.36% premium or at Rs 1,126 apiece on the BSE as against its IPO issue price of Rs 1,100. Travel Food Services IPO Listing: Travel Food Services Ltd made a weak stock market debut on Monday, with its shares listing at just a 2.36% premium or at Rs 1,126 apiece on the BSE as against its IPO issue price of Rs 1,100. After the listing, the shares declined into red and were trading lower by around 0.75% at Rs 1,086, as of 10:15 am. On the NSE, the shares of Travel Food Services listed at a premium of 2.2% or at Rs 1,125 apiece. The listing is in line with market expectations as reflected in its pre-listing GMP, which stood at 2.27%. The company's market cap stood at nearly Rs 14,500. The Travel Food Services IPO was opened between July 7 and July 9. It received an overall subscription of 2.88 times at the end of three-day subscription window closing. The Qualified Institutional Buyers (QIBs) was subscribed their portion 7.70 times, while the Non-Institutional Investors (NIIs) category was subscribed 1.58 times. The price band of the mainboard IPO, which aims to raise Rs 2,000 crore, was fixed in the range of Rs 1,045 to Rs 1,100. Travel Food Services, founded in 2007, operates 397 quick service restaurants (QSRs) and airport lounges across 17 airports in India and Malaysia, with a portfolio of 117 in-house and partner brands. SBI Securities highlighted TFS as a 'proxy to the Indian aviation growth story", given its strong presence across major airport terminals and upcoming concessions at Greater Noida and Navi Mumbai airports. The brokerage noted that the company's brand portfolio includes a healthy mix of in-house and third-party QSR brands. 'At the upper price band of Rs 1,100, the stock is likely to trade at 39.9x FY25 EPS, which is at a discount to listed QSR companies. TFS has superior margins and return ratios along with a strong balance sheet. We recommend investors to 'subscribe' to the issue at the cut-off price," SBI Securities said. Canara Bank Securities is positive on the company's airport-centric model, citing its competitive moat created by global partnerships, strong brand equity, and high-traffic locations. 'From a valuation standpoint, the IPO is priced attractively, placed below the sector average and trades lower than the peer average in terms of price-to-book value (P/BV). Given its strong growth trajectory, first-mover advantage, and resilient business model in a niche, high-growth segment, we recommend a 'subscribe' rating for both listing gains and long-term investment," the brokerage added. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Karnataka Minister Priyank Kharge's aide arrested for drug possession in Maharashtra
Karnataka Minister Priyank Kharge's aide arrested for drug possession in Maharashtra

India Today

time40 minutes ago

  • India Today

Karnataka Minister Priyank Kharge's aide arrested for drug possession in Maharashtra

2:56 A controversy has erupted in Bihar over the Election Commission's claims regarding foreign nationals in the state's electoral rolls. The poll panel sources alleged that individuals from Nepal, Bangladesh, and Myanmar holding Indian documents were found during the revision of electoral rolls. In response, the Bihar Leader of Opposition dismissed these claims, likening the sources to 'urine'. The opposition leader questioned the credibility of media sources, comparing them to rumours about capturing Pakistani cities. BJP and allies retaliated, accusing the opposition of abusing and relying on illegal voters. The clash has intensified the ongoing tussle between the Election Commission and the opposition in Bihar.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store