BUSINESS
Indian-Origin Billionaire Supports Narayana Murthy's Call For The 70-Hour Work Weeks Advice
In response to those who felt "attacked" by Murthy's suggestion, Khosla expressed a viewpoint on the matter, indicating that those who felt targeted by the recommendation might benefit from mental health therapy.
IndiGo Under Fire for Delays: Former Union Minister Joins the Criticism
In a social media post, Tewari mentioned, "This is the third IndiGo flight that I am taking this week that is delayed by over 90 minutes. This time it is 6E2159 from Chandigarh to Delhi. On an earlier occasion, the 1855 IndiGo 6E flight from Delhi to Chandigarh was delayed by over 2 and a half hours."
BlackRock's Ownership in Suzlon Surpasses 5% Stake
"The aggregate holdings of BlackRock, Inc. (on behalf of discretionary management clients) in Suzlon Energy Limited has moved above 5 per cent," said the regulatory filing.
Financial Troubles Loom for X as Advertisers Flee, Amidst Elon Musk's Leadership
Under Musk's leadership, X has faced a series of challenges, including a decline in advertiser confidence, which has led to a sharp reduction in revenue. Advertisers, evidently losing faith in the company's direction, have been abandoning X in significant numbers, further jeopardizing its financial stability.
NIFTY Achieves Record Highs, BSE SENSEX Poised to Follow Suit
The recent week in the stock market was marked by strong gains, with markets performing positively on three out of four trading sessions. Notably, Wednesday saw sharp gains, followed by a robust opening for the December series on Friday. The anticipation of election results in five states, as indicated by exit polls, suggested a closely contested race, with potential overall gains for the ruling party at the center. This, coupled with a strong rally in the Dow, contributed to the positive market sentiment.
Mukesh Ambani Forecasts India's Energy Demand to Double by the End of the Decade
Ambani praised PDEU for spearheading education and research in this critical domain and announced four groundbreaking initiatives aimed at equipping students with expertise in cutting-edge energy technologies. These initiatives include a 45 MW Solar PV production line for training in solar energy production, a Smart Hybrid Micro-Grid System to impart knowledge about energy storage techniques, an Apple Lab for technology exploration and skill development, and a multi-game Sports Arena to nurture high-quality sporting talent.
India's economic growth: From slowdown to showdown, numbers Vs narrative
The paper of L.T. Abhinav Surya of the prestigious Centre for Development Studies here points out that people are buzzing about India's economic growth predictions for 2023-24, expecting a good year ahead after experts from the RBI and IMF have backed this optimism, projecting a solid 6.5 per cent and 6.3 per cent growth, respectively.
Historic Surge: Gold Prices Reach Unprecedented Heights in India
Chennai witnessed the most significant surge, with the price reaching Rs 64,530 per 10 gm for 24-carat gold during morning trade. Meanwhile, in Mumbai, Delhi, Bengaluru, and Kolkata, the price hovered around Rs 63,760 per 10 gm, marking an increase of Rs 810 from the previous day.
FPIs may turn sellers at higher market levels
FPIs have reversed their selling strategy in India. Decline in US bond yields and the resilience of the Indian market have forced the FPIs to halt their selling, he said.
'With more than 5% move in Nov, Nifty index looks to be 13% overvalued'
"While index starting valuation may not be a sufficient pre-condition for a price-correction, we do not expect any decent upside to the Nifty index over the next six months and do anticipate a time-correction," the report said.
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