Category Archives: World Opinion

India surpasses China to become largest two-wheeler market globally

India has surpassed China to become the largest two-wheeler market in the world, driven by rising demand in rural areas, supported by favourable monsoon conditions and government initiatives for rural development, a report showed on Friday.

Globally, two-wheeler sales grew 4 per cent (year-on-year) in the first half of 2024, according to Counterpoint Research.

Although India, Europe, North America, Latin America, and the Middle East and Africa saw growth, China and Southeast Asia (SEA) experienced a decline.

Senior analyst Soumen Mandal said that India’s two-wheeler market saw a remarkable 22 per cent YoY growth in the first half this year.

“This strong performance allowed India to surpass China and become the world’s largest two-wheeler market,” he mentioned.

Two-wheelers saw strong double-digit growth (year-on-year) in the second quarter of this fiscal in India.

In China, two-wheelers under 125cc remain popular, but consumers are increasingly opting for e-bicycles over motorcycles and scooters for daily commuting. This shift has led to a temporary slowdown in the Chinese two-wheeler market, particularly in the electric segment.

In South East Asia, major markets such as Indonesia, Vietnam, the Philippines, Thailand, and Malaysia saw a decline in two-wheeler sales due to geopolitical trade tensions, stricter lending criteria, and cautious consumer spending amid economic uncertainty.

The top-10 global two-wheeler manufacturers captured over 75 per cent of sales during H1 2024.

Honda maintained its leading position in the global two-wheeler market, followed by Hero MotoCorp, Yamaha, TVS Motor and Yadea.

TVS Motor was the fastest-growing brand (up 25 per cent YoY) among the top-10 brands while Yadea declined the most (down 29 per cent YoY), slipping to fifth position.

Neil Shah, Vice President of Research, said that electrification is on the rise, and by 2030, we expect four out of 10 two-wheelers sold to be electric.

“This shift is also accelerating the adoption of embedded cellular connectivity in the two-wheeler segment. As the automotive industry advances toward C-V2X technology, the two-wheeler segment will follow suit,” he noted.

source/content: business.ians.in (headline edited)

GLOBAL: Indian Dr Venkatesh Karthikeyan Elected As Publications Director Of World Medical Association

Dr Venkatesh Karthikeyan, a distinguished figure in the field of medical science has been recognised for his outstanding contributions in health care.

The World Medical Association (WMA) has elected Dr Venkatesh Karthikeyan as the new Publications Director of the WMA Junior Doctors’ Network. The appointment took place during the recent WMA General Assembly in Helsinki, Finland.

Dr Venkatesh Karthikeyan, a distinguished figure in the field of medical science and public health, has been recognised for his outstanding contributions and leadership in health care. With a robust background in Community and Family medicine, Dr. Karthikeyan will oversee the publication activities of JDN aimed at shaping the future of medical science globally.

The World Medical Association, now encompassing 114 member countries, is dedicated to the highest standards of medical education, science, and ethics, ensuring quality health care for all people worldwide. Dr Karthikeyan’s election as Publications Director underscores his formidable reputation as a leader capable of steering the international medical community towards these lofty goals.

In addition to his new role at WMA, Dr Venkatesh Karthikeyan is already serving as the National Convenor for Antimicrobial Resistance (AMR) at the Indian Medical Association. This election  signifies India’s rising prominence as a global leader in healthcare.

The World Medical Association (WMA) is an international organization representing physicians. It was founded on 17 September 1947, when physicians from 27 different countries met at the First General Assembly of the WMA in Paris. The organization was created to ensure the independence of physicians, and to work for the highest possible standards of ethical behaviour and care by physicians, at all times. This was particularly important to physicians after the Second World War, and therefore the WMA has always been an independent confederation of free professional associations. 

source/content: ndtv.com (headline edited)

INTERNATIONAL: SAUDI ARABAI: Over 20 mn Indians contributing to our society: Saudi Arabia minister

Al-Ghamdi’s statement comes after Saudi Arabia’s Ministry of Media launched the ‘global harmony’ initiative in Riyadh.

Saudi Arabia’s Deputy Minister of Media Khalid bin Abdulqader Al-Ghamdi has lauded the contribution of Indians residing in the country.


Al-Ghamdi’s statement comes after Saudi Arabia’s Ministry of Media launched the ‘global harmony’ initiative in Riyadh as part of the “Quality of Life” Program to attain its Vision 2030 objectives.The Riyadh season started on October 13.

The events and activities in the Riyadh season represent the cultures of 11 countries including – India, the Philippines, Indonesia, Pakistan, Yemen, Sudan, Jordan, Lebanon, Syria, Bangladesh, and Egypt over 45 days. The activities include concerts, cultural, entertainment and family events, traditional foods, and various handicraft exhibitions.

There are 2.6 million Indians currently living in Saudi Arabia. Highlighting the contribution of Indians in the Saudi Society, the deputy minister said the relationship with India is important.

“The relationship between our countries is witnessing improvement, witnessing so many new arenas of cooperation including economics, cultural or all the aspects and these will be aligned to vision 2030 or its counterpart long-term projects in India. There are 2.6 million Indians in Saudi Arabia which shows how much they are contributing in our society,” he said.

The Saudi deputy minister also highlighted the previous visits made by Prime Minister Narendra Modi to the Kingdom of Saudi Arabia in the year 2016 and 2019 and said, “It is one manifestation of how strong the relationship between both the countries is. It is leadership and political aspects for all the relevance of the relationship between the two countries and are all together moving toward future based on our vision 2030 and long term vision of India relationship.”

The Ministry of Media, in partnership with the General Entertainment Authority, has organised events in the city that feature cultural, artistic, and folkloric activities and shows.

“This is an initiative by Ministry of Media. It is one of the initiative of the Vision 2030 and program on quality of life of Saudi Arabia. It aims to show how residents are living in harmony in the society of Saudi Arabia,” Al-Ghamdi added. 

source/content: business-standard.com (headline edited)

INTERNATIONAL / NATIONAL: DEFENCE: India, US sign Rs 32,000-crore deal for 31 Predator drones

The development comes less than a month after Prime Minister Narendra Modi and US President Joe Biden held talks about the acquisition of the Predator drones on the sidelines of the Quad Leaders’ Summit held in Delaware. 

In Short

  • Total cost of the deal could rise to Rs 34,500 crore
  • Deal includes MRO facility establishment in India
  • 15 drones for Navy, rest for Air Force and Army

India has signed a deal with the US for the procurement of 31 Predator MQ-9B High Altitude Long Endurance UAV manufactured by General Atomics. The development comes less than a month after Prime Minister Narendra Modi and US President Joe Biden held talks about the acquisition of the drones on the sidelines of the Quad Leaders’ Summit held in Delaware.

The two countries signed a deal worth Rs 32,000 crore for the acquisition of 31 predator drones, along with the establishment of a maintenance, repair, and overhaul (MRO) facility in India.

This deal will enhance the surveillance capabilities of the Indian armed forces. According to reports, the total value of the deal could rise to Rs 34,500 crore.

The project was cleared by the Cabinet Committee on Security (CCS) last week under which the Indian Navy will receive 15 Sea Guardians, while the Indian Army and Air Force will each acquire eight Sky Guardians.

Along with the UAVs, the deal encompasses advanced weaponry, such as 170 AGM-114R Hellfire missiles, 16 M36E9 Hellfire training missiles, 310 GBU-39B/B laser-guided Small Diameter Bombs (SDB), and eight GBU-39B/B LSDB guided test vehicles with live fuses.

India has been discussing the deal with the US for many years, but the final hurdles were cleared a few weeks ago at the Defence Acquisition Council meeting as it had to be cleared before October 31 as the validity of the American proposal was till that time only.

India would be basing the drones at four possible locations, including INS Rajali near Chennai, Porbandar in Gujarat, Sarsawa and Gorakhpur in Uttar Pradesh.

WHAT ARE THE FEATURES OF THE MQ-9B DRONES?

The US had approved the sale of 31 MQ-9B drones to the Indian military at an estimated cost of $3.99 billion in February.

The key characteristic of the MQ-9B Predator is its whisper-quiet operation. The drone stands out from the rest because of its stealth feature. The drone can fly as close to 250 metres from the ground without the target even having an inkling it is there unless spotted.

With a maximum speed of 442 km/h, the drone can soar at an altitude of around 50,000 feet, higher than that of a commercial airplane.

The drone’s capacity to be sent on extended missions in any kind of weather is another noteworthy feature. The drone has the option to be fitted with air-to-ground missiles in addition to air-to-air missiles.

The MQ-9B drone can fly 2,000 miles without refueling and carry up to 1,700 kg of cargo, which includes four missiles and about 450 kg of bombs. The drone’s manufacturer, General Atomics Aeronautical Systems, claims that it can fly nonstop or hover over targets for up to 35 hours.

source/content: indiatoday.in (headline edited)

NATIONAL: India successfully built best digital economy, finance architecture in world: Nobel winner Spence

Noting that India is a major economy with the highest potential growth rate right now, Nobel laureate economist A Michael Spence said the country has successfully developed by far the best digital economy and finance architecture in the world.

Spence, who was awarded the Nobel prize in Economic Sciences in 2001, shared his views during an interaction with students and faculty at the Bennett University in Greater Noida on Monday.

“The major economy with the highest potential growth rate right now is India. India has successfully developed by far the best digital economy and finance architecture in the world. It is open, competitive and delivers services of an inclusive kind to a vast array of territory,” the Nobel laureate said, according to a statement issued by the varsity.

Spence also pointed out that the world is experiencing a “kind of regime change in the global economy”.

Tracing the evolution of the global economy after World War II, Spence said that the 70-year-old global system is “breaking down” due to pandemics, geopolitical tensions, climate shocks, etc.

Emphasising that the global system — built on economic criteria like global supply chain centred around efficiency and comparative advantage considerations — is undergoing a rapid transition, he pointed out that “in a shock-prone world, it doesn’t make sense to have single sourcing”.

With the centre of gravity shifting steadily towards the East, there is a fundamental change in the global economy whereby supply chains are getting diversified and global governance is becoming more complicated than ever before, he added.

Despite the challenging time, he said what gives optimism is the affirmative answer to the question: whether we have counter-measures to enhance human welfare? He also outlined the enormous progress in science and technology which can contribute to enhancing human welfare, including generative AI, revolutions in biomedical life sciences and massive energy transitions.

He cited the example of competitive pricing of solar energy and quoted the cost of DNA sequencing having reduced from USD 10 million dollar earlier to USD 250 now. However, he added there is downside to this technological growth, and emphasised on its availability to both big and small businesses alike.

“We now have incredibly powerful scientific and technological tools that, if we use correctly, can be used to essentially deliver wellbeing and opportunity to a wide range of people,” said Spence, who was recognized for his analysis of markets with asymmetric information. PTI KIS TIR TIR

This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

source/content: theprint.in (headline edited)

REGION-ASIA: SPORTS – TABLE TENNIS : 2024 Asian Table Tennis Championships, Astana: Ayhika-Sutirtha Secure India’s 1st-Ever Women’s Doubles Medal, Win Bronze

Ayhika and Sutirtha have become the first-ever all-India women’s doubles pair from India to win a medal at the competition.

Ayhika and Sutirtha have become the first-ever all-India women’s doubles pair from India to win a medal at the competition.

India’s top-ranked women’s doubles pair of Ayhika Mukherjee and Sutirtha Mukherjee made history, securing a historic bronze medal, the country’s first-ever medal in the category, at the Asian Table Tennis Championships in Astana, Kazakhstan on Sunday.

Ayhika and Sutirtha have become the first-ever all-India women’s doubles pair from India to win a medal at the competition. Back in 1952, Gool Nasikwala secured a gold medal in the women’s doubles competition alongside Japan’s Yoshiko Tanaka in the inaugural edition of the tournament, as per Olympics.com.

The Mukherjees, the world number 15th pair in women’s doubles rankings, were defeated by the Japan’s world number 33 duo of Miwa Harimoto and Miyuu Kihara with a 3-0 (4-11, 9-11, 9-11). The losing semifinalists are awarded the bronze medals in this competition.

Ayhika and Sutirta did have a four point lead against their opponent in the second game. However, Miwa, who was the part of Japan’s silver medal winning Paris Olympics 2024 team and Miyuu, a three-time World Championships medalist, staged a brilliant comeback to deny any further chance of a comeback to India.

The Mukherjees made history during the Asian Games last year, by securing India’s first-ever medal in their category, a bronze. In Tunis last year, the duo became the first Indians to win a World Table Tennis (WTT) Contender women’s doubles title.

India ends the Asian Table Tennis Championships with three medals, all bronze. The Indian women’s team opened up the tally with a historic bronze, the country’s first in women’s team category since 1972 when Asian Table Tennis Union (ATTU) started organising the competition, following a loss to Japan. It was followed by the Indian men’s team repeating the feat and getting a bronze.

Overall, the country’s tally across all Asian Table Tennis Championships stands at eight, all of them being bronze medals.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

source/content: sports.ndtv.com (headline edited)

GLOBAL: NATIONAL: SATELLITES: India’s 52-satellite initiative: Enhancing surveillance on adversaries including China and Pak

In what augurs well for India’s security capabilities, the Cabinet Committee on Security (CCS), chaired by Prime Minister Narendra Modi, has reportedly approved Phase III of the Space-Based Surveillance (SBS) mission. This decision will pave the way for the launch of 52 surveillance satellites in low earth and geostationary orbits.

The Modi government’s move is likely to give sleepless nights to adversaries such as China and Pakistan, as the two neighbours among others will be under continuous monitoring once the capabilities are fully operational.

With this ramped-up capability, India will be able to detect enemy submarines operating in the Indo-Pacific region, sources familiar with the development said. In addition to this, India will improve and upgrade its ability to monitor and closely watch any illegal infrastructure development by China near the Line of Actual Control (LAC).

The government’s decision to give a major boost to India’s space-based surveillance capabilities comes at a very significant time. This has come amid growing tensions and shifting geopolitical dynamics in the Indo-Pacific region. As China continues to be overassertive in a bid to expand its footprints and presence in the region, the decision aimed at bolstering India’s security measures, such as deploying surveillance satellites, to effectively monitor and respond to Beijing’s actions, is a timely action.

In response to China’s belligerence in the region, the Modi government is implementing effective measures to safeguard the country’s maritime and other security regional interests. It will also ensure that potential threats from hostile submarines are quickly detected and dealt with. Beyond maritime security, experts indicate that these satellites will also monitor infrastructure development by adversaries along India’s land borders.

The move includes monitoring along the disputed Line of Actual Control (LAC) with China, where the construction of new roads, airstrips, and military outposts has raised major concerns over the past several years. In addition to this, increased surveillance along the Pakistan border will enable India to keep an eye on new defence-related infrastructure projects that could pose risks to national security.

Sources say that India will be able to share the information and key inputs gathered from these satellites about Chinese illegal and expansionist activities with other countries as well.

The surveillance satellite project aimed at improving land and maritime domain awareness for both civilian and military purposes is being managed by the National Security Council Secretariat in collaboration with the Defence Space Agency under the Defence Ministry’s integrated headquarters. The project, with a budget of Rs 26,968 crore, entails the construction and launch of 21 satellites by ISRO, while the remaining 31 will be developed by private companies.

source/content: ianslive.in (headline edited)

NATIONAL: METAL INDUSTRY: India’s ship recycling industry expected to grow at 10 pc CAGR by 2028

The ship recycling industry in India is expected to grow at a compound annual growth rate (CAGR) of 10 per cent by 2028, according to a new report.

India accounted for 33 per cent of the global gross tonnage (GT) dismantled in CY23, second only to Bangladesh, which handled 46 per cent, according to a report by CareEdge Ratings.

The ship recycling industry is expected to grow to 3.8-4.2 million GT in 2025, as against an estimated 2.3-2.6 million GT in 2024.

In India, Alang-Gujarat stands among the largest ship recycling facilities in the world, boasting over 140 recycling yards.

According to the report, India’s ship-recycling industry is a crucial part of the global maritime sector.

The top four countries including Bangladesh, India, Pakistan, and Turkey dominate the ship-recycling industry, dismantling over 90 per cent of the global ship recycling volume.

India and Bangladesh consistently led the industry, while contributions from other countries were variable and generally lower.

According to Sajni Shah, Assistant Director, CareEdge Ratings, cooling-off of Baltic Dry Index (BDI), stabilisation of heavy melting scrap prices, and increase in obsolete ships in operations, suggest more ships to enter the recycling market from CY25 onwards.

Countries having better infrastructure and green recycling facilities are expected to attract a larger portion of ships in future, Shah added.

According to the report, prices for heavy melting scrap in Bhavnagar surged from Rs 28,800 per tonne in August 2020 to a peak of Rs 54,400 per tonne in April 2022, driven by supply chain disruptions and heightened demand for steel amid post-pandemic economic recovery efforts.

However, after peaking, scrap prices began to decline, settling at Rs 39,900 per tonne in December 2023. Since January 2023, prices have stabilised between Rs 36,000 per tonne and Rs 44,000 per tonne, the report added.

source/content: ianslive.in (headline edited)

NATIONAL: BEACON of INDIA INC. : Ratan Tata family tree: From Jamsetji Tata to Maya Tata, know all the members here

Ratan Tata Family tree: Here’s a look at the family lineage of the Tatas.

Ratan Tata complete family Tree: Ratan Naval Tata, chairman emeritus of Tata Sons, passed away at Breach Candy Hospital in Mumbai Wednesday night. He was admitted following age-related health issues and was undergoing treatment at the hospital. Tata, a beacon of India Inc, steered his group amid India’s economic liberalisation and, subsequently, guided its global expansion.

Conferred with the Padma Vibhushan, Tata was considered one of the greatest philanthropists in the country who touched lives of millions through his work in the field of healthcare, education, drinking water and many other areas.

Here’s a look at the family tree of the Tatas

Jamsetji Tata, the founder of the Tata Group was born to Nusserwanji Ratan Tata and Jeevanbai Kavasji Tata, in 1939. apart from Jamsetji, Nusserwanji had four other children — Ratanbai, Maneckbai, Virbaiji, Jerbai.

Born into a family of Parsi priests, Jamsetji broke the tradition as he started his own trading firm in 1868 at a young age of 29. He started with a textile mill in central India in the 1870s. His vision later set the foundation for technical education in India and helped the nation to be counted among the industrialised nations.

Jamsetji married Hirabai Daboo and had three children — Sir Dorabji Tata, Dhunbai Tata and Sir Ratan Tata. 

Dorabji, the elder son of Jamsetji, was instrumental in translating his father’s vision into reality. It was under his leadership that the Sir Dorabji Tata Trust was created, propelling the Tata tradition of philanthropy. Jamsetji’s younger son, Ratan, was a philanthropist who created a trust to fund educational development, alleviate human sufferings and other public utility works.

Sir Ratan Tata married Navjbai Sett and adopted Naval H Tata. Naval married Sonoo Commisariat and had two sons — Ratan N Tata and Jimmy N Tata. But Naval and Soonoo divorced when Ratan N Tata was only 10 years old. Naval later married Simone Dunoyer and with her, had a son, Noel Tata. Noel is Ratan and Jimmy’s half brother.

While Ratan and Jimmy never married, Noel tied knot with Aloo Mistry, sister of late Cyrus Mistry, who served as Chairman of Tata Group. Noel and Aloo have three children — Leah Tata, Maya Tata and Neville Tata.

Neville is married to Manasi Kirloskar and together they have two children – Jamset Tata and Tiana Tata.

Again, Jeevanbai Kavasji Tata’s brother Dadabhai Kavasji Tata (adopted son of Kavasji Maneckji Tata) had a son with his wife Bhikhibai. Dadabhai’s son Ratanji Dadabhai Tata married a French woman Suzanne Briere. They had five children — Syla Petit, Jehangir Ratanji Dababhai Tata, Rodabeh Tata, Darab Tata and Jimmy Tata. 

Jehangir or JRD Tata, who went on to become Tata Chairman, pioneered civil aviation on the subcontinent in 1932 by launching the airline which is now known as Air India.

source/content: indianexpress.com (headline edited)

GLOBAL: WORLD’s HIGHEST: Ladakh gets world’s highest MACE Observatory, largest imaging Cherenkov telescope in Asia

This observatory underscores India’s advancements in space and cosmic-ray research capabilities.

The Union Territory of Ladakh gets the Major Atmospheric Cherenkov Experiment (MACE) observatory, the world’s highest imaging Cherenkov telescope, located at an altitude of over 4,300 metres in Hanle.

This observatory underscores India’s advancements in space and cosmic-ray research capabilities.

Dr Ajit Kumar Mohanty, the secretary of the Department of Atomic Energy (DAE) and chairman of the Atomic Energy Commission, officially inaugurated the MACE observatory here, an official spokesperson said.

Built indigenously by the Bhabha Atomic Research Centre (BARC) with support from the Electronics Corporation of India Limited and other Indian industry partners, the MACE is the largest imaging Cherenkov telescope in Asia, he said.

The inauguration ceremony, held as part of the DAE’s Platinum Jubilee celebrations, included the unveiling of commemorative plaques by Dr Mohanty at the Hanle site.

Addressing the importance of balancing tourism and scientific activities within the Hanle Dark Sky Reserve (HDSR), Additional Secretary Ajay Ramesh Sule encouraged the students to pursue career in science and technology.

BARC’s Physics Group Director, Dr SM Yusuf, underscored the MACE telescope’s significance in advancing India’s capabilities in space and cosmic-ray research.

A pictorial compilation documenting the MACE project journey was released during the ceremony.

Dr Mohanty also felicitated the village leaders, the school headmaster, and the lama of the Hanle Gompa.

The MACE telescope, observing high-energy gamma rays, will contribute to global efforts to study phenomena like supernovae, black holes and gamma-ray bursts, he said

He added it aims to foster international collaborations, bolstering India’s role in multimessenger astronomy.

source/content: newindianexpress.com (headline edited)