India is strategically planning to leverage the inauguration of President-elect Donald Trump to secure major deals in sectors like semiconductors and manufacturing. Experts suggest this approach aligns with the 'Make in India-Make for the World' initiative and could create jobs, facilitate technology transfer, and benefit US businesses. However, potential challenges include navigating potential protectionist policies under Trump's 'America First' agenda.
The Congress party in Jammu and Kashmir is balancing support for its ruling coalition partner, the National Conference, and navigating potential backlash from the BJP. While welcoming the Assembly's resolution calling for the "restoration of special status," the Congress emphasized this pertains to statehood and not Article 370, which was abrogated.
The US stock markets are in a steady bull run, with the global markets seeming quite unstoppable at the point, which has somehow instilled a slight bit of concern and fear among top market analysts. Meanwhile, veteran investor Jim Rogers is advising US investors to now begin opting for safe assets like gold, for starters.
RBI Deputy Governor Rabi Sankar expressed confidence in India's ability to navigate potential market volatility stemming from the Trump presidency. Sankar highlighted India's robust reserves and sound banking system as key strengths. Additionally, he firmly rejected the European Securities and Markets Authority's demand for oversight of India's bond clearing platform, citing sovereignty concerns.
Mushaal Hussein Malik, wife of jailed Kashmiri separatist leader Yasin Malik, has written to Indian parliamentarian Rahul Gandhi. She urged him to raise the case of her husband, who has been on a hunger strike since November 2. She believes Malik could play a key role in establishing peace in Jammu and Kashmir.
India has strongly criticized Canada for blocking social media accounts of an Australian news outlet that covered Indian External Affairs Minister S Jaishankar's visit and press conference. India's criticism comes amidst ongoing tensions with Canada over allegations of surveillance on Indian diplomats and the Canadian government's handling of anti-India activities.
Maharashtra gears up for a heated Assembly election as six major parties, including four claiming originality, vie for power. The BJP-Shiv Sena alliance seeks a comeback against the Congress-NCP coalition, with key issues like women voters, caste arithmetic, rebel candidates, and freebies taking center stage in this unpredictable political battleground.
Donald Trump has eventually emerged out victorious in the US Presidential Elections 2024 and recent reports are claiming that his daughter Ivanka Trump and her husband Jared Kushner have no real plans of returning to the political life again.
Trent Limited, a Tata Group company, witnessed a 40% rise in net sales for the quarter ending in September. The retailer's revenue reached Rs 4036 crore, while net profit saw a 46% increase to Rs 423 crore. Despite the growth, consumer sentiment remained subdued. Trent opened 43 new stores during the quarter, expanding its presence to 184 cities.
The Reserve Bank of India's recent regulatory changes, including increased risk weights on bank lending to non-bank financial companies (NBFCs), have led to a funding slowdown for these lenders. This credit squeeze, particularly impacting unsecured and digital lending NBFCs, is likely to curb retail credit growth in the coming year.
S&P Global predicts that Indian banks will face pressure on net interest margins, potentially dropping by 20 basis points to 3% over the next few years. This squeeze is anticipated due to increased competition for deposits amidst an expected decline in interest rates and steady credit growth.
Elon Musk's Starlink and Amazon Kuiper may find it easier to operate in India. The return of Donald Trump as US President could benefit them. Indian telecom companies want the government to auction satellite airwaves. Starlink and Amazon prefer administrative allocation. The Indian government seems to agree with the satellite providers.
Lucasfilm has teamed up with writer-producer Simon Kinberg to develop a new Star Wars trilogy. The trilogy will explore a new storyline set after the events of The Rise of Skywalker. While in early development, the project marks another venture into the Star Wars universe for Kinberg, who previously co-created Star Wars: Rebels.
The Supreme Court dismissed a plea to move the trial of a medic's rape and murder case outside West Bengal, stating it wouldn't disrupt the ongoing CBI investigation. The court emphasized its faith in the judiciary and cautioned against spreading rumors. The CBI submitted its sixth status report, with the next hearing scheduled for November 11th.
Union Home Minister Amit Shah announced plans for a national counterterrorism policy at the annual anti-terrorism conference. He highlighted the evolving nature of terrorism as faceless and borderless, revealing a 25-point plan initiated in 2020 to combat various forms of terror. Shah noted a 70% reduction in incidents since 2014 and a 95% conviction rate by the NIA, which has declared multiple organizations as terrorist groups.
After a video surfaced showing Melania Trump wearing sunglasses indoors and displaying unusual features, social media users believed Donald Trump did not vote with her.
The Indian government was unable to locate a 1988 notification banning the import of Salman Rushdie's 'The Satanic Verses'. The Delhi High Court declared the petition challenging the ban as infructuous. The court stated it had no choice but to assume the notification does not exist. The petitioner is now free to take legal action regarding the book.
Following the US Presidential elections, Republican Presidential candidate Donald Trump eventually emerged out victorious. At the same time, recent reports are claiming that the life of Joe President might become a bit less complicated following the elections.
Alphabet Inc., Google's parent company, is challenging an antitrust ruling by the Competition Commission of India (CCI) before the National Company Law Appellate Tribunal (NCLAT). Alphabet argues that the CCI's order, which found Google guilty of abusing its dominant market position and imposed a ₹936 crore fine, was premature and lacked proper analysis.
SECI banned Reliance Power and subsidiaries from its renewable energy tenders. SECI found a Reliance subsidiary submitted a fake bank guarantee. Reliance Power denied wrongdoing and claimed to be a victim of fraud. The company will challenge SECI's decision. Reliance Power aims to expand in renewable energy. This incident forced SECI to cancel the tendering process.
Onion prices in India have surged to a five-year high due to heavy rainfall damaging crops and delaying harvests. This price increase, along with rising costs for potatoes and cooking oil, is expected to impact inflation data for November.
In the 2024 U.S. elections, Vice President Kamala Harris failed to meet expectations, with no state seeing her outperform President Joe Biden’s 2020 numbers by 3% or more. CNN anchor Jake Tapper expressed disbelief as the data showed Harris’s performance was notably weaker than Biden’s across the board.
