Indian ports are set to benefit from the global China+1 strategy as companies diversify manufacturing beyond China, according to Moody's Ratings. This shift could significantly boost port activity in India.
Related news
Kolkata police are investigating the appearance of at least ten drone-like objects in the city's night sky. The objects were sighted over areas including Hastings, Vidyasagar Setu, and Maidan on Monday night, raising concerns about potential espionage. The central government has requested a report from the West Bengal government regarding the incident.
Amid growing international pressure, Israel will allow a "basic amount" of food into Gaza, following warnings of a hunger crisis. This decision coincides with intensified military operations and ongoing ceasefire talks with Hamas in Qatar. Negotiations aim for hostage release and disarmament of Gaza, but disagreements persist over ceasefire terms.
King Charles III's personal wealth has surged to an estimated £640 million, surpassing that of his mother, Queen Elizabeth II, due to inherited investments and estates. This increase places him on par with Rishi Sunak and Akshata Murty, despite their wealth slightly decreasing.
Defence Minister Rajnath Singh, during his visit to Srinagar, took a jibe at Pakistan's economic woes, contrasting it with India's growing financial stature. He lauded the Army personnel for Operation Sindoor, emphasizing its necessity in combating Pakistan-sponsored terrorism. Singh also acknowledged the public's anger against terrorism following the Pahalgam attack, praising the forces for their actions across the border.
Amidst tensions between India and Pakistan, airlines like Air India and IndiGo cancelled flights to several northern destinations on May 13th after briefly resuming services. The shutdown of 32 airports had earlier severely affected flight services, resulting in more than 300 daily flight cancellations.
A 33-year-old Bengaluru woman filed a police complaint against a fake astrologer who allegedly cheated her of over Rs 5 lakh by claiming to cure her health issues through exorcism. The accused performed bizarre rituals in a hotel room, citing "15 spirits" affecting her. After no improvement and refusal of refund, the woman reported the fraud.
Donald Trump's return to the White House has triggered global economic turmoil through aggressive tariffs and trade recalibrations. These measures have strained diplomatic ties, disrupted supply chains, and rattled financial markets, leading to warnings of stagnation from APEC and concerns from businesses like Walmart.
Indianapolis Colts owner Jim Irsay passed away at 65, leaving behind a legacy of sports leadership and philanthropy. His final tweet, a message of support for the Indiana Pacers, went viral, reflecting his dedication to the Indianapolis community. Irsay's impact extended beyond football, marked by his mental health advocacy and passion for music and historical artifacts.
Nicusor Dan, a pro-European figure, has won Romania's presidential election with 54% of the vote, defeating nationalist George Simion. Dan campaigned on promises of change, rebuilding Romania, and aligning it with a pro-Western path. He aims to combat corruption and modernize the country, focusing on economic development and foreign policy.
Equirus downgraded Protean eGovernance due to losing a key government project, impacting revenue significantly. Jefferies maintains a hold on Divis Laboratories, citing patent challenges and valuation. Kotak has a sell rating on BHEL due to weak execution. CLSA is positive on Hyundai Motors India, while Morgan Stanley downgraded HAL due to concerns about execution guidance.