Known as the Silicon Valley of India, one would expect Bengaluru's cyber security to be top notch, however, that is not the case. According to the cyber crime department, the city's residents lost around Rs 460 crore to cyber fraud.

India: Bengaluru reports 12,600 cybercrime cases | Online job scam fraud in Bengaluru | WION

Rohit Sharma smashed 131 off just 84 balls to guide India to victory against Afghanistan. The Indian captain became the first man in history to score 7 ODI World Cup centuries. Are India now firm favourites to win the World Cup?

World Cup 2023: Indian Skipper Rohit Sharma smashed 131 of 84 balls

ODI World Cup host India warmed up for their clash against Rivals Pakistan in style. Skipper Rohit Sharma slams the record-breaking century as a two-time Champions crushed Afghanistan by eight wickets in Delhi.

World Cup 2023: Two-time champions India beat Afghanistan by eight wickets

ICC World Cup 2023: Two-time champions India crushes Afghanistan by 8 wickets | WION Sports

Disputing Prime Minister Justin Trudeau’s actions, Canadian Foreign Minister Mélanie Joly has emphasised that “diplomacy is always better when conversations remain private.”

On Wednesday (Oct 11), she was asked by the media whether or not Ottawa has downsized the number of its diplomats in India.&nbsp;

Canadian media has reported that “almost all” Canadian diplomats are still posted in India even as the Oct 10 deadline set by New Delhi for some of them to leave has passed two days ago.

Citing an unnamed senior Canadian government source, Canadian media outlet CBC News said “Canada remains in discussions with India, and has allowed the deadline to pass without complying with India’s demand.”

<h2>Trudeau’s opposite actions</h2>

Even as Mélanie Joly stresses the importance of private diplomacy, Trudeau himself has been raising the matter with foreign leaders, including United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan (MBZ) and Jordan’s King Abdullah II bin Al-Hussein.

When Trudeau dialled MBZ to discuss terror attacks on Israel, he also used the opportunity to discuss India. A readout of the conversation from the Canadian PMO said, “Prime Minister Trudeau provided an update on the situation between Canada and India.”

Watch:&nbsp;India-Canada row: Canada tones down on Nijjar killing row

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Later on, Trudeau also brought India up in his conversation with Jordan’s King. The Canadian readout said, “Prime Minister Trudeau provided an update on the situation between Canada and India, underscoring the importance of respecting the rule of law and the Vienna Convention on Diplomatic Relations.”

<h2>India-Canada row</h2>

Joly's statement followed a report in the Financial Times (FT) which indicated that Canada and India were in ongoing discussions regarding the removal of 41 diplomats from India. Earlier reports in Canadian media suggested that several Canadian diplomats had already been reassigned to countries such as Singapore and Malaysia.

This demand for downsizing the diplomatic presence stemmed from the strained relations between the two countries, triggered by&nbsp; Trudeau's statement in the House of Commons on September 18.&nbsp;

Trudeau had mentioned "credible allegations" linking Indian agents to the assassination of Khalistani terrorist Hardeep Nijjar on June 18. Nijjar, a prominent figure in the secessionist group Sikhs for Justice in British Columbia, was killed in the parking lot of the Guru Nanak Singh Gurdwara Sahib he presided over in Surrey.

<a href="https://www.wionews.com/world/trudeau-sparks-meme-fest-online-gets-massively-trolled-for-discussing-india-canada-row-with-global-leaders-645461">Also read:&nbsp;Trudeau sparks meme fest online, gets massively trolled for discussing India-Canada row with global leaders</a>

The FT also reported that Joly had a private meeting with India's External Affairs Minister S Jaishankar in Washington the previous month.

Additionally, it noted that Ottawa was working towards resolving the issue of diplomats losing their immunity, as declared by India.

(With inputs from agencies)

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Disputing Prime Minister Justin Trudeau’s actions, Canadian Foreign Minister Mélanie Joly has emphasised that “diplomacy is always better when conversations remain private.

Disputing Prime Minister Justin Trudeau’s actions, Canadian Foreign Minister Mélanie Joly has emphasised that “diplomacy is always better when conversations remain private.” On Wednesday (Oct 11), she was asked by the media whether or not Ottawa has downsized the number of its diplomats in India. Canadian media has reported that “almost all” Canadian diplomats are still posted in India even as the Oct 10 deadline set by New Delhi for some of them to leave has passed two days ago. Citing an unnamed senior Canadian government source, Canadian media outlet CBC News said “Canada remains in discussions with India, and has allowed the deadline to pass without complying with India’s demand.” Trudeau’s opposite actions Even as Mélanie Joly stresses the importance of private diplomacy, Trudeau himself has been raising the matter with foreign leaders, including United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan (MBZ) and Jordan’s King Abdullah II bin Al-Hussein. When Trudeau dialled MBZ to discuss terror attacks on Israel, he also used the opportunity to discuss India. A readout of the conversation from the Canadian PMO said, “Prime Minister Trudeau provided an update on the situation between Canada and India.” Watch: India-Canada row: Canada tones down on Nijjar killing row × Later on, Trudeau also brought India up in his conversation with Jordan’s King. The Canadian readout said, “Prime Minister Trudeau provided an update on the situation between Canada and India, underscoring the importance of respecting the rule of law and the Vienna Convention on Diplomatic Relations.” India-Canada row Joly's statement followed a report in the Financial Times (FT) which indicated that Canada and India were in ongoing discussions regarding the removal of 41 diplomats from India. Earlier reports in Canadian media suggested that several Canadian diplomats had already been reassigned to countries such as Singapore and Malaysia. This demand for downsizing the diplomatic presence stemmed from the strained relations between the two countries, triggered by Trudeau's statement in the House of Commons on September 18. Trudeau had mentioned "credible allegations" linking Indian agents to the assassination of Khalistani terrorist Hardeep Nijjar on June 18. Nijjar, a prominent figure in the secessionist group Sikhs for Justice in British Columbia, was killed in the parking lot of the Guru Nanak Singh Gurdwara Sahib he presided over in Surrey. Also read: Trudeau sparks meme fest online, gets massively trolled for discussing India-Canada row with global leaders The FT also reported that Joly had a private meeting with India's External Affairs Minister S Jaishankar in Washington the previous month. Additionally, it noted that Ottawa was working towards resolving the issue of diplomats losing their immunity, as declared by India. (With inputs from agencies) WATCH WION LIVE HERE ×

All Canadian diplomats still remain in India; Ottawa, New Delhi talking privately: Report

India launched 'Operation-Ajay'. The mission is aimed at bringing Indians from Israel. The Israel-Hamas war is escalating, with both sides pounding on each other's territory.

Israel-Palestine War: All about India's 'Operation Ajay' to bring back Indians from Israel

An immigration tribunal in Canada allowed a man, Kamaljit Ram, into the country who housed and fed Khalistani militants in India for over a decade. The tribunal ruled that Ram did that out of necessity and fear of retribution.

India-Canada row: Kamaljit Ram housed, fed Khalistani militants

World Bank Chief Economist Indermit Gill has expressed concerns about the weakening global economy, highlighting the US and India as relative bright spots in the midst of global economic challenges. &nbsp;

According to a Moneycontrol report Gill noted, "The good news is that there are a few bright spots like the US and India." These comments were made during a press conference on October 11, held before the annual meeting of the World Bank Group and the International Monetary Fund (IMF) in Marrakesh, Morocco.&nbsp;

Gill's remarks came just days after the World Bank maintained its growth forecast for India at 6.3 percent for 2023-24, despite persistent global headwinds. The IMF had also recently raised its growth forecast for India's current financial year by 20 basis points to 6.3 percent. The Reserve Bank of India (RBI) had projected a GDP growth rate of 6.5 percent for 2023-24 and 2024-25.&nbsp;

High-interest rates, however, pose a significant challenge to global growth, according to Gill. Moneycontrol reported that he expressed concerns about the impact of high interest rates, explaining that growth was slowing down significantly. He further noted that the main issue was that growth was decelerating to levels considerably below those observed before the crisis.&nbsp;

Gill emphasised the potential impact of high interest rates by drawing parallels with the 1970s when the US Federal Reserve increased rates, leading to economic difficulties in multiple countries. He cautioned, "We should expect some countries to get into trouble now."&nbsp;

In the past 18 months, the US Federal Reserve has raised its key interest rate by 500 basis points to combat high inflation caused by global commodity price spikes following the Russia-Ukraine conflict. Gill suggested that while some countries may not have high debt levels now, they could still face issues as public debt crowds out private investment, hampering growth.&nbsp;

As per media reports, World Bank President Ajay Banga added that he anticipates interest rates to remain "higher for longer," which could further complicate global economic dynamics.&nbsp;

The discussion also touched upon the debt challenges faced by low-income and vulnerable middle-income countries, which have become more prominent in the wake of the COVID-19 pandemic. The Common Framework was introduced to help these nations restructure their debt, but progress has been relatively slow. &nbsp;

When asked if the framework needed replacement, President Banga emphasised the importance of well-thought-out strategies and the need to address the debt issues on a case-by-case basis. He stressed the significance of finding comprehensive solutions to prevent recurring debt crises in the future.&nbsp;

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World Bank Chief Economist Indermit Gill has expressed concerns about the weakening global economy, highlighting the US and India as relative bright spots in the midst of global economic challenges.

World Bank Chief Economist Indermit Gill has expressed concerns about the weakening global economy, highlighting the US and India as relative bright spots in the midst of global economic challenges. According to a Moneycontrol report Gill noted, "The good news is that there are a few bright spots like the US and India." These comments were made during a press conference on October 11, held before the annual meeting of the World Bank Group and the International Monetary Fund (IMF) in Marrakesh, Morocco. Gill's remarks came just days after the World Bank maintained its growth forecast for India at 6.3 percent for 2023-24, despite persistent global headwinds. The IMF had also recently raised its growth forecast for India's current financial year by 20 basis points to 6.3 percent. The Reserve Bank of India (RBI) had projected a GDP growth rate of 6.5 percent for 2023-24 and 2024-25. High-interest rates, however, pose a significant challenge to global growth, according to Gill. Moneycontrol reported that he expressed concerns about the impact of high interest rates, explaining that growth was slowing down significantly. He further noted that the main issue was that growth was decelerating to levels considerably below those observed before the crisis. Gill emphasised the potential impact of high interest rates by drawing parallels with the 1970s when the US Federal Reserve increased rates, leading to economic difficulties in multiple countries. He cautioned, "We should expect some countries to get into trouble now." In the past 18 months, the US Federal Reserve has raised its key interest rate by 500 basis points to combat high inflation caused by global commodity price spikes following the Russia-Ukraine conflict. Gill suggested that while some countries may not have high debt levels now, they could still face issues as public debt crowds out private investment, hampering growth. As per media reports, World Bank President Ajay Banga added that he anticipates interest rates to remain "higher for longer," which could further complicate global economic dynamics. The discussion also touched upon the debt challenges faced by low-income and vulnerable middle-income countries, which have become more prominent in the wake of the COVID-19 pandemic. The Common Framework was introduced to help these nations restructure their debt, but progress has been relatively slow. When asked if the framework needed replacement, President Banga emphasised the importance of well-thought-out strategies and the need to address the debt issues on a case-by-case basis. He stressed the significance of finding comprehensive solutions to prevent recurring debt crises in the future. WATCH WION LIVE HERE

World Bank chief economist highlights global economic concerns; US & India positive exceptions

India-Canada row: Border services argued Kamaljit should not be allowed to enter

India's unemployment rate for individuals aged 15 and above reached a six-year low of 3.2 per cent during the period from July 2022 to June 2023, The Press Trust of India (PTI) reported. This data was reported in the Periodic Labour Force Survey Annual Report 2022-2023 released by the National Sample Survey Office. The unemployment rate is defined as the percentage of unemployed persons in the labour force.

The Periodic Labour Force Survey (PLFS) was launched by the NSSO in April 2017 to provide more frequent labour force data. In the most recent data, the unemployment rate (UR) in usual status for persons aged 15 years and above at the all-India level decreased to 3.2 per cent in 2022-23 from 4.1 per cent in 2021-22. The UR was 4.2 per cent in 2020-21, 4.8 per cent in 2019-20, 5.8 per cent in 2018-19, and 6 per cent in 2017-18, according to the PLFS data.

The survey distinguishes usual status, which determines a person's employment status based on the reference period of 365 days preceding the survey date.

The data revealed a notable decline in unemployment rates in both rural and urban areas. In rural regions, UR decreased from 5.3 per cent in 2017-18 to 2.4 per cent in 2022-23, while in urban areas, it decreased from 7.7 per cent to 5.4 per cent. The UR for males in India decreased from 6.1 per cent in 2017-18 to 3.3 per cent in 2022-23, with a corresponding decrease for females from 5.6 per cent to 2.9 per cent.

The survey also showed a significant increase in the Labour Force Participation Rate (LFPR) in usual status for individuals aged 15 and above, rising to 57.9 per cent from 49.8 per cent in 2017-18. LFPR is defined as the percentage of persons in the labour force—those working, seeking work, or available for work—in the population.

For rural areas, LFPR increased from 50.7 per cent in 2017-18 to 60.8 per cent in 2022-23, while for urban areas, it increased from 47.6 per cent to 50.4 per cent. The LFPR for males in India increased from 75.8 per cent in 2017-18 to 78.5 per cent in 2022-23, with a corresponding increase for females from 23.3 per cent to 37.0 per cent.

The Worker Population Ratio (WPR) in usual status for persons aged 15 and above also increased to 56 per cent in 2022-23 from 46.8 per cent in 2017-18. WPR is defined as the percentage of employed persons in the population.

For rural areas, WPR increased from 48.1 per cent in 2017-18 to 59.4 per cent in 2022-23, while for urban areas, it increased from 43.9 per cent to 47.7 per cent. The WPR for males in India increased from 71.2 per cent in 2017-18 to 76.0 per cent in 2022-23, and the corresponding increase in WPR for females was from 22.0 per cent to 35.9 per cent.

The Periodic Labour Force Survey collects data on a yearly basis. The recent data is based on the survey conducted from July 2022 to June 2023.

However, the report noted that fieldwork for collecting information in some areas could not be completed due to "disturbed field situations and unavailability of internet services."

(Inputs from PTI)&nbsp;

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India's unemployment rate for individuals aged 15 and above reached a six-year low of 3.2 per cent during the period from July 2022 to June 2023, The Press Trust of India (PTI) reported.

India's unemployment rate for individuals aged 15 and above reached a six-year low of 3.2 per cent during the period from July 2022 to June 2023, The Press Trust of India (PTI) reported. This data was reported in the Periodic Labour Force Survey Annual Report 2022-2023 released by the National Sample Survey Office. The unemployment rate is defined as the percentage of unemployed persons in the labour force. The Periodic Labour Force Survey (PLFS) was launched by the NSSO in April 2017 to provide more frequent labour force data. In the most recent data, the unemployment rate (UR) in usual status for persons aged 15 years and above at the all-India level decreased to 3.2 per cent in 2022-23 from 4.1 per cent in 2021-22. The UR was 4.2 per cent in 2020-21, 4.8 per cent in 2019-20, 5.8 per cent in 2018-19, and 6 per cent in 2017-18, according to the PLFS data. The survey distinguishes usual status, which determines a person's employment status based on the reference period of 365 days preceding the survey date. The data revealed a notable decline in unemployment rates in both rural and urban areas. In rural regions, UR decreased from 5.3 per cent in 2017-18 to 2.4 per cent in 2022-23, while in urban areas, it decreased from 7.7 per cent to 5.4 per cent. The UR for males in India decreased from 6.1 per cent in 2017-18 to 3.3 per cent in 2022-23, with a corresponding decrease for females from 5.6 per cent to 2.9 per cent. The survey also showed a significant increase in the Labour Force Participation Rate (LFPR) in usual status for individuals aged 15 and above, rising to 57.9 per cent from 49.8 per cent in 2017-18. LFPR is defined as the percentage of persons in the labour force—those working, seeking work, or available for work—in the population. For rural areas, LFPR increased from 50.7 per cent in 2017-18 to 60.8 per cent in 2022-23, while for urban areas, it increased from 47.6 per cent to 50.4 per cent. The LFPR for males in India increased from 75.8 per cent in 2017-18 to 78.5 per cent in 2022-23, with a corresponding increase for females from 23.3 per cent to 37.0 per cent. The Worker Population Ratio (WPR) in usual status for persons aged 15 and above also increased to 56 per cent in 2022-23 from 46.8 per cent in 2017-18. WPR is defined as the percentage of employed persons in the population. For rural areas, WPR increased from 48.1 per cent in 2017-18 to 59.4 per cent in 2022-23, while for urban areas, it increased from 43.9 per cent to 47.7 per cent. The WPR for males in India increased from 71.2 per cent in 2017-18 to 76.0 per cent in 2022-23, and the corresponding increase in WPR for females was from 22.0 per cent to 35.9 per cent. The Periodic Labour Force Survey collects data on a yearly basis. The recent data is based on the survey conducted from July 2022 to June 2023. However, the report noted that fieldwork for collecting information in some areas could not be completed due to "disturbed field situations and unavailability of internet services." (Inputs from PTI) WATCH WION LIVE HERE

India's unemployment rate hits six-year low, rural areas witness significant improvements: Report  

India-Canada row: Kamaljit Ram housed, fed Khalistani Militants in Canada

As the conflict between Israel and the Hamas militant group rages on. Countries have been working towards bringing home the people from the war-torn Zone. In the latest India has announced a launch of Operation Ajay to repatriate citizens from Israel starting today. Israel is home to about 18,000 Indian citizens.

Israel-Palestine war: Around 18,000 Indians live in Israel, Indian govt deploys chartered planes

Canada allows another Khalistani in country; Kamaljit Ram housed, fed Khalistan militants

ICC World Cup 2023: India warm-up for Pakistan clash in style

India rolled out 'Operation Ajay' to aid the return of stranded nationals who wished to come back to their homeland due to chaotic conditions in the post-Hamas attack war situation in Israel. 
 
Ajay is a Hindi word which translates to unconquered or invincible.

India's Minister of External Affairs S Jaishankar, in a post on X, wrote on Wednesday (Oct 11),&nbsp;&nbsp;"Launching Operation Ajay to facilitate the return from Israel of our citizens who wish to return.&nbsp;Special charter flights and other arrangements are being put in place. Fully committed to the safety and well-being of our nationals abroad."&nbsp;&nbsp;

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Launching <a href="https://twitter.com/hashtag/OperationAjay?src=hash&amp;ref_src=twsrc%5Etfw">#OperationAjay</a> to facilitate the return from Israel of our citizens who wish to return. 
 
Special charter flights and other arrangements being put in place. 
 
Fully committed to the safety and well-being of our nationals abroad.
— Dr. S. Jaishankar (@DrSJaishankar) <a href="https://twitter.com/DrSJaishankar/status/1712146553454862463?ref_src=twsrc%5Etfw">October 11, 2023</a></blockquote>
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In the face of wars and conflict situations across the world, India has successfully launched such operations in the past as well.

For instance, Operation Ganga was launched in the wake of the Russian invasion to safely bring back stranded nationals from Ukraine.

Operation Devi Shakti was launched where the Indian Armed Forces safely evacuated Indian citizens and foreign nationals from Afghanistan following the fall of Kabul at the hands of the Taliban.

Also Read |&nbsp;<a href="https://www.wionews.com/world/israel-army-says-suspected-aerial-infiltration-from-lebanon-645547">Israel army says suspected aerial 'infiltration from Lebanon'</a>

India is a long-standing ally of Israel. Indian PM Narendra Modi has condemned the attack, the worst one on Israel in five decades, in the strongest words possible.

Meanwhile, on Wednesday (Oct 11), the Indian embassy in Israel urged citizens stranded in the war-ravaged country to remain "calm and vigilant" and follow the issued advisories.

"The Embassy has been working constantly to help our fellow citizens in Israel through a 24-hour helpline. Please remain calm &amp; vigilant &amp; follow the security advisories. 24*7 Emergency Helpline/Contact: &nbsp;Tel +972-35226748, Tel +972-543278392. Email: cons1.telaviv@mea.gov.in," it said in a statement.

Also Read |&nbsp;<a href="https://www.wionews.com/world/explained-who-is-mohammed-deif-the-mastermind-behind-hamass-brutal-attack-on-israel-645474">Explained: Who is Mohammed Deif? The Hamas mastermind behind brutal attack on Israel</a>

A similar statement was also issued by the Representative Office of India in Palestine who also shared the emergency helpline numbers for Indians who are stuck in Palestine.

PM Modi recently voiced his backing to Israel in a discussion with Israeli PM Benjamin Netanyahu. The PM vowed that India stands “firmly with Israel in this difficult hour”.&nbsp;

“I thank Prime Minister @netanyahu for his phone call and providing an update on the ongoing situation. People of India stand firmly with Israel in this difficult hour. India strongly and unequivocally condemns terrorism in all its forms and manifestations”, the prime minister posted.

Watch |&nbsp;<a href="https://www.wionews.com/videos/dead-bodies-line-up-as-israel-continues-air-raids-645568">Dead bodies line up as Israel continues air raids</a>

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India has been a long-standing ally of Israel. In 2015 and 2016, New Delhi abstained from a UN vote that called for a discussion if Israel should be brought before the International Criminal Court for its alleged war crimes during the 2014 crisis in Gaza.

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India rolled out 'Operation Ajay' to aid the return of stranded nationals who wished to come back to their homeland due to chaotic conditions in the post-Hamas attack war situation in Israel.

India rolled out 'Operation Ajay' to aid the return of stranded nationals who wished to come back to their homeland due to chaotic conditions in the post-Hamas attack war situation in Israel. Ajay is a Hindi word which translates to unconquered or invincible. India's Minister of External Affairs S Jaishankar, in a post on X, wrote on Wednesday (Oct 11), "Launching Operation Ajay to facilitate the return from Israel of our citizens who wish to return. Special charter flights and other arrangements are being put in place. Fully committed to the safety and well-being of our nationals abroad." Launching #OperationAjay to facilitate the return from Israel of our citizens who wish to return. Special charter flights and other arrangements being put in place. Fully committed to the safety and well-being of our nationals abroad. — Dr. S. Jaishankar (@DrSJaishankar) October 11, 2023 × In the face of wars and conflict situations across the world, India has successfully launched such operations in the past as well. For instance, Operation Ganga was launched in the wake of the Russian invasion to safely bring back stranded nationals from Ukraine. Operation Devi Shakti was launched where the Indian Armed Forces safely evacuated Indian citizens and foreign nationals from Afghanistan following the fall of Kabul at the hands of the Taliban. Also Read | Israel army says suspected aerial 'infiltration from Lebanon' India is a long-standing ally of Israel. Indian PM Narendra Modi has condemned the attack, the worst one on Israel in five decades, in the strongest words possible. Meanwhile, on Wednesday (Oct 11), the Indian embassy in Israel urged citizens stranded in the war-ravaged country to remain "calm and vigilant" and follow the issued advisories. "The Embassy has been working constantly to help our fellow citizens in Israel through a 24-hour helpline. Please remain calm & vigilant & follow the security advisories. 24*7 Emergency Helpline/Contact: Tel +972-35226748, Tel +972-543278392. Email: cons1.telaviv@mea.gov.in," it said in a statement. Also Read | Explained: Who is Mohammed Deif? The Hamas mastermind behind brutal attack on Israel A similar statement was also issued by the Representative Office of India in Palestine who also shared the emergency helpline numbers for Indians who are stuck in Palestine. PM Modi recently voiced his backing to Israel in a discussion with Israeli PM Benjamin Netanyahu. The PM vowed that India stands “firmly with Israel in this difficult hour”. “I thank Prime Minister @netanyahu for his phone call and providing an update on the ongoing situation. People of India stand firmly with Israel in this difficult hour. India strongly and unequivocally condemns terrorism in all its forms and manifestations”, the prime minister posted. Watch | Dead bodies line up as Israel continues air raids × India has been a long-standing ally of Israel. In 2015 and 2016, New Delhi abstained from a UN vote that called for a discussion if Israel should be brought before the International Criminal Court for its alleged war crimes during the 2014 crisis in Gaza. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

India launches 'Operation Ajay' to bring back nationals stranded amid Israel-Hamas war

In a significant development, the Enforcement Directorate (ED) of India has made a series of arrests linked to Chinese smartphone manufacturer Vivo in an ongoing money-laundering investigation. &nbsp;

The most recent arrest involves a Chinese national employed by Vivo, adding to the company's woes in a crucial market. The arrested individual has been sent to a three-day custody by an Indian court. &nbsp;

According to The Economic Times, the arrested Chinese national, Guangwen Kyang, is also known as Andrew Kuang. In addition to Kuang, Lava International's Managing Director, Hari Om Rai, another company executive named Rajan Malik, and chartered accountant Nitin Garg have been taken into custody.

While the ED sought a ten-day remand for the accused, the court has decided to keep them in custody until October 13. &nbsp;

Vivo has&nbsp;denied the allegations,&nbsp;expressing "deep concerns" about the situation and its intent to explore all available legal avenues.

The second-largest smartphone brand in India, commanding a 17 per cent market share, has been embroiled in a series of troubles within the country, casting a shadow on its operations.&nbsp;

Earlier this month, Indian police formally accused Vivo Mobile of assisting in the illegal transfer of funds to NewsClick, a news portal under investigation for spreading Chinese propaganda.&nbsp;

In August 2022, India's Directorate of Revenue Intelligence (DRI) issued a show-cause notice to Vivo, alleging that the company had evaded taxes amounting to 22.1 billion Indian rupees ($280 million).&nbsp;

Furthermore, in July 2022, India's financial crime agency blocked 119 bank accounts associated with Vivo's India operations and its affiliates, which held 4.65 billion rupees ($58.76 million). This action was taken as part of an investigation into alleged money laundering by the company.

(With inputs from Reuters)

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In a significant development, the Enforcement Directorate (ED) of India has made a series of arrests linked to Chinese smartphone manufacturer Vivo in an ongoing money-laundering investigation.

In a significant development, the Enforcement Directorate (ED) of India has made a series of arrests linked to Chinese smartphone manufacturer Vivo in an ongoing money-laundering investigation. The most recent arrest involves a Chinese national employed by Vivo, adding to the company's woes in a crucial market. The arrested individual has been sent to a three-day custody by an Indian court. According to The Economic Times, the arrested Chinese national, Guangwen Kyang, is also known as Andrew Kuang. In addition to Kuang, Lava International's Managing Director, Hari Om Rai, another company executive named Rajan Malik, and chartered accountant Nitin Garg have been taken into custody. While the ED sought a ten-day remand for the accused, the court has decided to keep them in custody until October 13. Vivo has denied the allegations, expressing "deep concerns" about the situation and its intent to explore all available legal avenues. The second-largest smartphone brand in India, commanding a 17 per cent market share, has been embroiled in a series of troubles within the country, casting a shadow on its operations. Earlier this month, Indian police formally accused Vivo Mobile of assisting in the illegal transfer of funds to NewsClick, a news portal under investigation for spreading Chinese propaganda. In August 2022, India's Directorate of Revenue Intelligence (DRI) issued a show-cause notice to Vivo, alleging that the company had evaded taxes amounting to 22.1 billion Indian rupees ($280 million). Furthermore, in July 2022, India's financial crime agency blocked 119 bank accounts associated with Vivo's India operations and its affiliates, which held 4.65 billion rupees ($58.76 million). This action was taken as part of an investigation into alleged money laundering by the company. (With inputs from Reuters) WATCH WION LIVE HERE

Vivo's India troubles deepen with arrests in money laundering case

A Financial Times report says that Indian External Affairs Minister Jaishankar held "secret talks" with his Canadian counterpart during his U.S. visit last month. Why keep diplomatic discussions off the record? What was the meeting's agenda?

Gravitas | Report: Jaishankar held "secret talks" with Canadian FM Melanie Joly

The enforcement directorate of India's financial crime agency has arrested a Chinese national, who works for smartphone maker Vivo, for alleged money laundering. The executive has been sent to three days of custody in the case that dates back to 2022.

Vivo's mounting troubles in India

Shahid Latif is shot dead by unknown assailants in Pakistan's Sialkot. Shahid Latif was the mastermind behind the Pathankot attack. He was one of India's most wanted terrorists.

Shahid Latif wanted by India's NIA for 2016 Pathankot attack

The Indian Space Promotion and Authorisation Centre (IN-SPACe) has unveiled a promising outlook for India's space economy, forecasting it to reach $44 billion by 2033, a remarkable surge from the current $8.4 billion.&nbsp;

With India accounting for just 2 per cent of the global space market, IN-SPACe aims to significantly enhance its position, targeting 8 per cent of the worldwide market share by 2033, including $11 billion in exports over the next decade.&nbsp;

Pawan Goenka, Chairman of IN-SPACe, shared these insights during the recent presentation, emphasising the potential for India's space ecosystem.&nbsp;

These projections also align with IN-SPACe's goal to increase domestic market share to $33 billion and export share to $11 billion by 2033, requiring an estimated $22 billion in investments over the next 10 years.&nbsp;

According to reports, to achieve this visionary target, IN-SPACe's comprehensive approach centres around ten key strategic capabilities, encompassing demand generation, earth observation, communication and navigation platforms, research and development, and international collaboration, among others .This multifaceted strategy seeks to fortify India's position in the global space economy while promoting participation from non-governmental entities.&nbsp;

Furthermore, IN-SPACe has outlined its vision for a specialised launch centre dedicated to small satellites within the private sector, expected to become operational in Tuticorin within two years. Although Isro's rockets won't launch from this centre due to its smaller scale compared to the Satish Dhawan Space Centre, it marks a significant step toward supporting private sector involvement in space activities.&nbsp;

IN-SPACe's grand vision extends to strengthening the NavIC constellation and expanding its market reach in the Indian Ocean Region. It also focuses on enhancing India's space education and skill transfer programs to nurture talent and expertise. The establishment of a space outreach wing will further assess value propositions, prioritise sectors, and boost awareness within the space ecosystem.&nbsp;

These initiatives are part of IN-SPACe's comprehensive strategy to shape India's space economy and solidify its standing on the global stage. &nbsp;

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The Indian Space Promotion and Authorisation Centre (IN-SPACe) has unveiled a promising outlook for India's space economy, forecasting it to reach $44 billion by 2033, a remarkable surge from the current $8.

The Indian Space Promotion and Authorisation Centre (IN-SPACe) has unveiled a promising outlook for India's space economy, forecasting it to reach $44 billion by 2033, a remarkable surge from the current $8.4 billion. With India accounting for just 2 per cent of the global space market, IN-SPACe aims to significantly enhance its position, targeting 8 per cent of the worldwide market share by 2033, including $11 billion in exports over the next decade. Pawan Goenka, Chairman of IN-SPACe, shared these insights during the recent presentation, emphasising the potential for India's space ecosystem. These projections also align with IN-SPACe's goal to increase domestic market share to $33 billion and export share to $11 billion by 2033, requiring an estimated $22 billion in investments over the next 10 years. According to reports, to achieve this visionary target, IN-SPACe's comprehensive approach centres around ten key strategic capabilities, encompassing demand generation, earth observation, communication and navigation platforms, research and development, and international collaboration, among others .This multifaceted strategy seeks to fortify India's position in the global space economy while promoting participation from non-governmental entities. Furthermore, IN-SPACe has outlined its vision for a specialised launch centre dedicated to small satellites within the private sector, expected to become operational in Tuticorin within two years. Although Isro's rockets won't launch from this centre due to its smaller scale compared to the Satish Dhawan Space Centre, it marks a significant step toward supporting private sector involvement in space activities. IN-SPACe's grand vision extends to strengthening the NavIC constellation and expanding its market reach in the Indian Ocean Region. It also focuses on enhancing India's space education and skill transfer programs to nurture talent and expertise. The establishment of a space outreach wing will further assess value propositions, prioritise sectors, and boost awareness within the space ecosystem. These initiatives are part of IN-SPACe's comprehensive strategy to shape India's space economy and solidify its standing on the global stage. WATCH WION LIVE HERE

India's space economy set to soar to $44 billion by 2033: IN-SPACe chairman 

This year's Hurun India Rich List has a notable addition - Twenty-year-old Kaivalya Vohra, the youngest self-made entrepreneur. His venture, Zepto, co-founded with Aadit Palicha, holds the distinguished title of India's first unicorn of 2023.

Notably, Zepto's meteoric rise is further underscored by its recognition in LinkedIn's 2023 Top 20 Indian Startups List, where it has claimed the top spot, cementing its status as a burgeoning leader in the Indian startup ecosystem.

The Founders

At the heart of Zepto's remarkable journey are the founders, Aadit Palicha and Kaivalya Vohra. Hailing from Mumbai, Aadit Palicha took a divergent path from his Stanford University studies, opting to co-found Zepto. His entrepreneurial acumen is not a recent development; Aadit's journey began at the age of 17 when he founded Gopool. He has also made waves in the realm of artificial intelligence, notably through his project Pryvasee.

Similarly, Kaivalya Vohra, Zepto's Chief Technology Officer, also forsook his studies at Stanford University to embark on this entrepreneurial journey. Their collective efforts propelled Zepto onto the esteemed Hurun India's Future Unicorn Index in 2022.

Zepto's journey

Zepto's journey is a compelling narrative of resilience and adaptability. It started its odyssey as Kiranakart, collaborating with local grocery stores to address the soaring demand for swift delivery of essential items, a need magnified by the onset of the COVID-19 pandemic. In November 2021, the company secured $60 million in funding, and the promise of delivering groceries in just 10 minutes elevated its valuation to $570 million. May 2022 marked a watershed moment when Zepto secured $200 million in funding, catapulting its valuation to an impressive $900 million. Zepto further solidified its unicorn status by raising $200 million in a Series E round of funding, attaining a valuation of $1.4 billion. This achievement made Zepto India's first unicorn of 2023.

Future outlook

Looking ahead, Zepto is poised for further expansion, with plans to add 40% more dark stores in the coming year while reducing the time for these stores to turn profitable. The company also harbors aspirations of achieving EBITDA positivity within the next 12 to 15 months while sustaining its impressive growth trajectory.

However, as with any entrepreneurial journey, challenges lie on the horizon. These include the need for continuous funding to fuel their ambitious growth plans and the perpetual quest to maintain a competitive edge in the rapidly evolving quick commerce market.

Zepto's journey is a testament to the agility and innovation embedded in the core of India's startup landscape. Aadit Palicha and Kaivalya Vohra's foray into the grocery delivery market serves as an inspiration, illustrating the boundless potential of founders who navigate the dynamic world of startups.

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This year's Hurun India Rich List has a notable addition - Twenty-year-old Kaivalya Vohra, the youngest self-made entrepreneur. His venture, Zepto, co-founded with Aadit Palicha, holds the distinguished title of India's first unicorn of 2023.

This year's Hurun India Rich List has a notable addition - Twenty-year-old Kaivalya Vohra, the youngest self-made entrepreneur. His venture, Zepto, co-founded with Aadit Palicha, holds the distinguished title of India's first unicorn of 2023. Notably, Zepto's meteoric rise is further underscored by its recognition in LinkedIn's 2023 Top 20 Indian Startups List, where it has claimed the top spot, cementing its status as a burgeoning leader in the Indian startup ecosystem. The Founders At the heart of Zepto's remarkable journey are the founders, Aadit Palicha and Kaivalya Vohra. Hailing from Mumbai, Aadit Palicha took a divergent path from his Stanford University studies, opting to co-found Zepto. His entrepreneurial acumen is not a recent development; Aadit's journey began at the age of 17 when he founded Gopool. He has also made waves in the realm of artificial intelligence, notably through his project Pryvasee. Similarly, Kaivalya Vohra, Zepto's Chief Technology Officer, also forsook his studies at Stanford University to embark on this entrepreneurial journey. Their collective efforts propelled Zepto onto the esteemed Hurun India's Future Unicorn Index in 2022. Zepto's journey Zepto's journey is a compelling narrative of resilience and adaptability. It started its odyssey as Kiranakart, collaborating with local grocery stores to address the soaring demand for swift delivery of essential items, a need magnified by the onset of the COVID-19 pandemic. In November 2021, the company secured $60 million in funding, and the promise of delivering groceries in just 10 minutes elevated its valuation to $570 million. May 2022 marked a watershed moment when Zepto secured $200 million in funding, catapulting its valuation to an impressive $900 million. Zepto further solidified its unicorn status by raising $200 million in a Series E round of funding, attaining a valuation of $1.4 billion. This achievement made Zepto India's first unicorn of 2023. Future outlook Looking ahead, Zepto is poised for further expansion, with plans to add 40% more dark stores in the coming year while reducing the time for these stores to turn profitable. The company also harbors aspirations of achieving EBITDA positivity within the next 12 to 15 months while sustaining its impressive growth trajectory. However, as with any entrepreneurial journey, challenges lie on the horizon. These include the need for continuous funding to fuel their ambitious growth plans and the perpetual quest to maintain a competitive edge in the rapidly evolving quick commerce market. Zepto's journey is a testament to the agility and innovation embedded in the core of India's startup landscape. Aadit Palicha and Kaivalya Vohra's foray into the grocery delivery market serves as an inspiration, illustrating the boundless potential of founders who navigate the dynamic world of startups. WATCH WION LIVE HERE

Meet Zepto: India's first unicorn of 2023

A recent analysis published by Barclays Plc has revealed that India needs to achieve an annual economic growth rate of 8 per cent to outpace China and become the leading contributor to the global economy,

The study emphasises the necessity for substantial investment, particularly in traditional sectors such as mining, utilities, transportation, and storage, which are believed to have significant ripple effects on the broader economy. &nbsp;

According to The Economic Times, Barclays' senior economist in Mumbai, Rahul Bajoria, notes that these sectors have been overlooked in favour of newer industries like telecommunications and digital technology in recent years. Consequently, there is a pressing need for increased investments in these traditional areas, particularly from the government, to address capacity constraints.&nbsp;

"Higher investment, especially in traditional sectors, should also have a positive impact on employment and household income, which is likely to be a key deliverable of the economic growth story pursued by policymakers," The Economic Times quotes Bajoria as saying while emphasising on the broader benefits of higher investment.&nbsp;

This suggests that not only would such investment stimulate economic growth, but it would also have a direct impact on improving the livelihoods of the Indian population.&nbsp;

Furthermore, the analysis from Barclays underscores that India had experienced an average economic growth rate of around 8 per cent from 2005 to 2010, a pace that could potentially be regained after the upcoming general elections, provided the new government aims for such a growth rate while maintaining macroeconomic stability. &nbsp;

With an ambitious goal of 8 per cent growth, India could be in a position to become a prominent contributor to global economic growth and reduce the gap with China.&nbsp;

According to Barclays, China's contribution to the global gross domestic product is estimated at approximately 26 per cent in&nbsp;the five-year period leading up to 2028, while India's contribution stands at an estimated 16 per cent , assuming a GDP growth rate of 6.1 per cent over&nbsp;the same period. Achieving 8 per cent growth could bring India's contribution much closer to China's.&nbsp;

In alignment with the analysis from Barclays, the International Monetary Fund (IMF) recently released a report on India's economic outlook, raising its growth forecast for the fiscal year 2024 from 6.1 per cent to 6.3 per cent. Reports suggest this upward revision reflects a "stronger-than-expected consumption during April-June," indicating positive signs for India's economic performance.&nbsp;

However, while the Indian government has been increasing infrastructure spending in recent years, reports indicate that allocating a record 10 trillion rupees in the current fiscal year through March 2024, it is unlikely to maintain such a robust pace of investment in capital projects.

This shift towards private sector involvement in investment has been echoed by Goldman Sachs Group Inc. This implies that India's journey to 8 per cent annual growth will require both public and private sector collaboration and strategic investments in crucial sectors. &nbsp;

WATCH WION LIVE HERE

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A recent analysis published by Barclays Plc has revealed that India needs to achieve an annual economic growth rate of 8 per cent to outpace China and become the leading contributor to the global economy, The study emphasises the necessity for substantial investment, particularly in traditional sectors such as mining, utilities, transportation, and storage, which are believed to have significant ripple effects on the broader economy.

A recent analysis published by Barclays Plc has revealed that India needs to achieve an annual economic growth rate of 8 per cent to outpace China and become the leading contributor to the global economy, The study emphasises the necessity for substantial investment, particularly in traditional sectors such as mining, utilities, transportation, and storage, which are believed to have significant ripple effects on the broader economy. According to The Economic Times, Barclays' senior economist in Mumbai, Rahul Bajoria, notes that these sectors have been overlooked in favour of newer industries like telecommunications and digital technology in recent years. Consequently, there is a pressing need for increased investments in these traditional areas, particularly from the government, to address capacity constraints. "Higher investment, especially in traditional sectors, should also have a positive impact on employment and household income, which is likely to be a key deliverable of the economic growth story pursued by policymakers," The Economic Times quotes Bajoria as saying while emphasising on the broader benefits of higher investment. This suggests that not only would such investment stimulate economic growth, but it would also have a direct impact on improving the livelihoods of the Indian population. Furthermore, the analysis from Barclays underscores that India had experienced an average economic growth rate of around 8 per cent from 2005 to 2010, a pace that could potentially be regained after the upcoming general elections, provided the new government aims for such a growth rate while maintaining macroeconomic stability. With an ambitious goal of 8 per cent growth, India could be in a position to become a prominent contributor to global economic growth and reduce the gap with China. According to Barclays, China's contribution to the global gross domestic product is estimated at approximately 26 per cent in the five-year period leading up to 2028, while India's contribution stands at an estimated 16 per cent , assuming a GDP growth rate of 6.1 per cent over the same period. Achieving 8 per cent growth could bring India's contribution much closer to China's. In alignment with the analysis from Barclays, the International Monetary Fund (IMF) recently released a report on India's economic outlook, raising its growth forecast for the fiscal year 2024 from 6.1 per cent to 6.3 per cent. Reports suggest this upward revision reflects a "stronger-than-expected consumption during April-June," indicating positive signs for India's economic performance. However, while the Indian government has been increasing infrastructure spending in recent years, reports indicate that allocating a record 10 trillion rupees in the current fiscal year through March 2024, it is unlikely to maintain such a robust pace of investment in capital projects. This shift towards private sector involvement in investment has been echoed by Goldman Sachs Group Inc. This implies that India's journey to 8 per cent annual growth will require both public and private sector collaboration and strategic investments in crucial sectors. WATCH WION LIVE HERE

India needs 8 pc economic growth to rival China's global dominance: Barclays

Host India take on Afghanistan on Wednesday at the Arun Jaitley Stadium in New Delhi looking to make it two wins in two matches at the ongoing ICC ODI World Cup. 1996 World Cup winning coach and WION's Cricket expert Dav Whatmore breaks down the key battles that could decide the clash.

ICC World Cup 2023: India face Afghanistan in their next game

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