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Newsletter | SpaceX hires 14-year-old Kairan Quazi; Indian companies support over 4 lakh jobs in the US: Blinken & more
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Newsletter | SpaceX hires 14-year-old Kairan Quazi; Indian companies support over 4 lakh jobs in the US: Blinken & more
Jun 13, 2023 3:55 AM

Here's a rundown of 11 significant news stories to keep you in the know:

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Cyclone Biparjoy LIVE updates | 1 dead, 2 missing after drowning in Juhu Beach sea

One person died and two people are still missing after drowning in the sea at Juhu Beach in Mumbai on Monday evening. High tides have been seen on India's west coast as Cyclone Biparjoy reaches Saurashtra-Kutch in Gujarat. The very severe cyclonic storm will cross near Jakhau Port by Thursday evening, the India Meteorological Department (IMD) says.

Catch live updates on Cyclone Biparjoy

India's retail inflation drops to 25-month low in May on softer food price; industrial output rises sharply

India's annual retail inflation continued to trend lower in May this year, staying well below the Reserve Bank of India's (RBI) upper tolerance limit for the third consecutive month, driven largely by base effects. The central bank targets an inflation range of 2 percent-6 percent. The CPI inflation was forecast to have fallen to 4.35 percent in May from 4.7 percent in April, according to CNBC-TV18's poll of economists.

Inflation, as measured by the annual change in the consumer price index (CPI), eased to 25-month low of 4.25 percent from 4.7 percent in the previous month, data released by the National Statistics Office (NSO) showing on Monday evening.

India Ideas Summit 2023: Indian companies support over 4 lakh jobs in the US, says Secretary of State Antony Blinken

Indian companies, from IT services to pharmaceuticals have invested over $40 billion in the United States, supporting over 4.25 lakh jobs from California to Georgia, Secretary of State Antony Blinken said.

Blinken addressed the US-India Business Council's India Ideas Summit in Washington D.C. The annual USIBC summit is part of the US Chambers of Commerce and is being conducted ahead of the upcoming state visit of Prime Minister Narendra Modi to the US on June 22.

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