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Markets dumped India for AI stars. BlackRock says that’s a mistake

Representative image India’s equity market has been “over-punished” for lacking a direct artificial intelligence (AI) play and for its exposure to rising oil prices, according to BlackRock, which said record foreign outflows and a tougher macroeconomic environment have not undermined the country’s medium- to long-term investment prospects.Natasha Sarkaria, EMEA investment strategy lead of wealth at...

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Delhi weather: 41°C on paper, but it feels like 48°C

New Delhi: Delhi continued to reel under extreme heat on Wednesday, with the feels-like temperature soaring to 48.2 degrees Celsius against an actual temperature of 41.4 degrees at noon due to high humidity.While India Meteorological Department (IMD) has issued an orange alert for rain on Thursday, relief may be limited as humid conditions are expected...

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Crisis on all fronts: Pakistan sought Iran-US peace, faces turmoil at home

(Photo credit: AP) Pakistan had hoped to position itself as a key diplomatic player in efforts to broker a ceasefire between the United States and Iran. Instead, the country finds itself confronting a deepening security crisis at home, with unrest in Pakistan-occupied Kashmir (PoK), escalating cross-border tensions with Afghanistan, deadly militant attacks and fresh military...

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Indian-origin man accused of hosting sex parties and blackmailing attendees

An Indian-origin financier is accused of running a $100 million bank fraud scheme in California. He lived a double life of luxury, intimidation and blackmail, including hosting parties with sex workers and later using those events to pressure attendees, reports the New York Post.44-year-old Mahender Makhijani was arrested on Wednesday after armed federal agents raided...

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‘Made in India’ Airbus C295 takes to the skies for first test flight – Watch

Image: ANI India’s first ‘Made-in-India’ Airbus C295 military transport aircraft successfully completed its maiden test flight from the Final Assembly Line in Vadodara on Wednesday. The aircraft is the first of 40 C295 transport planes to be built in India under a partnership between Airbus and Tata Advanced Systems Limited for the Air Force.This marks...

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India’s reservoirs can host 102 GW of floating solar, says first national assessment

India’s reservoirs can host about 102 gigawatt (GW) of floating solar capacity, according to the first comprehensive national assessment of the technology’s potential by the National Institute of Solar Energy (NISE), an autonomous institute of the Ministry of New and Renewable Energy (MNRE). The report titled ‘Solar PV Potential of India (Floating Solar)’ frames panels...

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Government summons top US diplomat over Oman ship attack that left 3 Indians missing

The government on Wednesday summoned US diplomat after a vessel with several Indian onboard was attacked. Additional secretary (Americas) in the ministry of external affairs Nagaraj Naidu summoned Jason Meeks, Chargé d’Affaires of the United States to protest the attack on the ship. The move comes as India condemned the attack on the commercial vessel...

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