Ratan Tata, the prominent industrialist, passed away at 86, leaving behind a profound impact on his protégé, Shantanu Naidu. They bonded over their love for dogs, working on projects like Motopaws. Tata supported Naidu’s startups and waived his education loans. Tata's will includes provisions benefiting Naidu and various philanthropic endeavors.
The DoPPW has announced several updates related to timelines for the completion of various activities and the timely distribution of pension benefits and General Provident Fund (GPF) payments. Here is a look at those important updates.
The IMD has issued heavy rainfall warnings for Kerala, Tamil Nadu, and Puducherry due to deep atmospheric circulation over the Gulf of Mannar. Rainfall recorded reached up to 11 cm in Tamil Nadu, and heavy rain between 12-20 cm is expected in parts of southern India. Precautions are advised.
A drug trafficking-related shooting in Poitiers, France, has severely injured a teenager and four others. The 15-year-old boy is in critical condition following a gun battle that erupted outside a restaurant, according to Interior Minister Bruno Retailleau.
Delhi Environment Minister Gopal Rai thanked residents for mostly avoiding firecrackers on Diwali, helping the city's AQI avoid the 'severe' category. Rai mentioned some individuals still used crackers, but compliance mostly prevented worse air quality. Additionally, the government deployed mobile smog guns in each Assembly constituency to control dust and further reduce pollution.
Total third-quarter revenue increased 11% to $158.9 billion, the company said Thursday in a statement, exceeding estimates. Operating profit was $17.4 billion, demolishing the average estimate of $14.7 billion. “Amazon beat expectations in Q3 on the strength of the three pillars of its business ecommerce, advertising and cloud services,” said Sky Canaves, an analyst at Emarketer.
Karnataka Chief Minister Siddaramaiah emphasizes the need for fair devolution of taxes, accentuating that despite Karnataka's significant contributions to the central revenue, the state receives a fraction in return. He also stresses the importance of Kannada language and cultural pride on Karnataka's state formation day.
Maharashtra Deputy Chief Minister Devendra Fadnavis is confident about resolving issues with rebel candidates within the party. Both ruling Mahayuti alliance and opposition Maha Vikas Aghadi are preparing for the upcoming Maharashtra Assembly elections scheduled for November 20. The BJP is part of the Mahayuti alliance and is determined to secure a strong position in the elections.
Jet fuel (ATF) prices have been increased by 3.3% to Rs 90,538.72 per kilolitre in the national capital, following previous reductions. The price of commercial LPG was hiked by Rs 62 to Rs 1,802 per 19-kg cylinder. Prices for petrol and diesel remain unchanged since mid-March.
Indian stock market outlook for the next year depends on earnings growth, new and repeat orders. Key sectors expected to perform well are Private Financials, Metals, Capital Goods, Specialty Chemicals, Healthcare, and Large cap IT. Domestic demand is showing signs of slowing but may recover due to festive season, weddings, and potential RBI rate cuts.
Several villages in Maharashtra, like Manyachiwadi, Borade, Langarpeth, and Padali, have celebrated Diwali without firecrackers for years. They focus on minimizing pollution and emphasize lighting diyas instead. The Satara Zilla Parishad has also introduced a program to encourage such celebrations, offering additional development grants to participating villages.
Sammoo village in Himachal Pradesh's Hamirpur district abstains from Diwali celebrations due to a long-standing curse linked to a woman who committed Sati generations ago. Despite attempts to break the curse, villagers fear misfortune and prefer to honor the tradition, hoping for a future change.
Just the previous month, UPI had crossed the 15 billion transactions landmark. On average, 500 million transactions were settled daily last month. In October, this number went up to 535 million. On October 30, the day of Dhanteras, 546 million UPI transactions were settled, which is a record for a single day transaction.
Maharashtra Deputy Chief Minister Ajit Pawar is visiting 59 villages in Baramati to discuss local issues before the elections. He addressed the Dhangar reservation and assured the continuation of the 'ladki bahini' scheme. Pawar highlighted the government's efforts for the Dhangar and Muslim communities through various schemes focused on social welfare and economic development. The Maharashtra Legislative Assembly elections are on November 20.
During Diwali, investors are advised to set a balanced allocation across large-cap, mid-cap, and small-cap funds for long-term performance. Sectoral and thematic funds can be risky if overinvested. A diversified approach considering risk, investment horizon, and goals is recommended for building a robust investment portfolio.
Foreign Institutional Investors (FII) sold over $9 billion in equities in October, increasing exposure to China after policy changes. The market is expected to consolidate due to high valuations and reduced economic momentum in India. Economic and geopolitical factors are crucial in shaping market trends.
Rajesh Kumar Singh, a 1989-batch IAS officer from the Kerala cadre, took over as India's defence secretary, succeeding Giridhar Aramane. Singh previously held positions in various departments, including the Department for Promotion of Industry and Internal Trade, and paid tribute to fallen heroes at the National War Memorial before assuming his new role.
An Andhra Pradesh Congress leader has requested police to extend and enhance security for Y S Sharmila, citing potential threats to her safety due to her public movements and political activities. The request includes upgrading her security arrangement from 2+2 to 4+4 to ensure her protection during public gatherings and events.
Doctor Nikhil Modi advises avoiding outdoor activities during high-pollution hours due to increasing health issues in Delhi, such as chest infections and breathing difficulties. He emphasizes a diet rich in antioxidants and continued respiratory medication. Post-Diwali smog significantly deteriorates air quality, severely impacting children and the elderly.
Tata Motors Ltd reported a slight decline in overall sales, with 82,682 units sold in October compared to 82,954 units last year. Domestic sales were slightly up at 80,839 units, while passenger vehicle sales saw a minor dip to 48,423 units. Commercial vehicle sales fell to 34,259 units.
Fabricio Bloisi, new CEO of Naspers and Prosus, aims to double the company's value in four years by focusing on strong team culture and innovation. He sees significant growth potential in India, citing its unique approach to innovation for a vast population of 1.5 billion people.
On Friday, the exchanges will hold a special Muhurat trading session from 6:00 pm to 7:00 pm to mark Diwali and the beginning of Samvat 2081. This session is significant for its cultural and financial symbolism, believed to bring prosperity and growth through investment during this auspicious time.
Every year, the street is bombarded with “Diwali picks". Some of them lose steam even before Holi. Should we call them “buy Diwali sell Holi” stocks? The fact is that whether it is Diwali, New year, or any other so-called auspicious occasion, stocks cannot be bought because of a particular day. They have to be bought because there are fundamental changes happening in the industry. Most importantly, they have to be kept for the long term to create wealth. In the next five years, there are sectors... Читать дальше...
