Newsmen Business Desk

In response, Zerodha Co-founder and CEO Nithin Kamath shared a convincing deepfake video of himself, emphasizing the rising threat of Artificial Intelligence. Kamath's video touches on challenges in verifying customer identities amid increasing digitization.

This surge in Wholesale Price Index (WPI) inflation to its highest level in eight months contrasts with the preceding months' decline in wholesale prices. In October 2023, WPI inflation stood at -0.52 percent, a stark contrast to the 6.12 percent recorded in November 2022.

Large caps, particularly well-valued ones in banking and IT, are poised to benefit, with potential spillover effects on mid and small caps amid retail enthusiasm. BSE Sensex surged by 847 points, reaching 70431 points on Thursday, with IT stocks like Infosys and HCL Tech spearheading the upward momentum with over 3% gains.

The key takeaway from the Federal Reserve's message delivered on Wednesday is that the era of tightening is concluded, and there's a possibility of three rate cuts in 2024, despite market expectations for four. This sentiment is expected to translate into a surge, with the Dow's record-breaking rally influencing various indices to attain new highs, as per Vijayakumar.

Inflation forecasts for the current financial year stand at 5.5%. Additionally, the ADB raised China's 2023 growth projection to 5.2% and maintained the Asian region's growth forecast at 4.9% for 2023, with potential downside risks linked to global factors like interest rates and geopolitical events.

Fed Chair Jerome Powell acknowledged progress in inflation but cautioned against premature celebration, emphasizing the need for careful assessment before considering further actions.

Equipped with Extended RAM, the iQOO 12 adds up to 16GB of extended virtual memory, supporting up to 36 apps running in the background. The smartphone runs on the all-new Android 14 based on Funtouch OS and offers 3+4 years of Android and security updates.

The IIP growth of 11.7 percent in October indicates continued economic growth. The decline in Brent crude below $74 is strengthening India's macros. Leading banks, capital goods, cement, oil marketing companies, and the leading airline company are performing well.

The FCC determined that funding Starlink's proposed networks would not be the best use of limited Universal Service Fund dollars for bringing broadband to unserved areas in the US. Starlink's technology was deemed "still developing" last summer, requiring users to purchase a $600 dish.

The company, purchased by Musk for $44 billion, is grappling with the departure of major advertisers, including Disney, Apple, and Walmart, after Musk endorsed an antisemitic post. Musk has warned that an advertiser boycott could lead to the platform's failure.