In the ongoing Israel-Hamas conflict, Big Tech’s involvement through AI and cloud services in warfare has raised ethical concerns. Employees at tech giants like Amazon, Microsoft, and Google have protested, citing their technologies' role in escalating violence and surveillance, prompting calls for greater accountability and human rights diligence.
In the Nifty pack, 10 stocks closed in the green, while 40 stocks ended in the red.
Airbus plans to double its component sourcing from India every five years, as part of its growing investment. With more than 100 suppliers from India, Airbus aims to leverage the booming opportunities in the fast-growing Indian civil aviation market, which includes substantial orders from IndiGo and Air India.
The Nobel Prize recognizes outstanding global contributions in various fields, with several Indians achieving this honor. Key laureates include Rabindranath Tagore in Literature, C.V. Raman in Physics, and Amartya Sen in Economics. Their work has greatly advanced knowledge and human welfare globally.
Dusshera bank holiday 2024: As the festival season is nearing, it's crucial to be aware that banks in multiple states will be non-operational during the upcoming Dussehra festival. In a few states, banks will observe a four-day closure due to festivals such as Dussehra.
Adani Ports SEZ, BEL, NTPC, Coal India Ltd and SBI were among the top losers on NSE in today's trade.
Hero Motors Limited has pulled back its Draft Red Herring Prospectus (DRHP) for the planned Initial Public Offering (IPO).
India's central bank is expected to maintain steady interest rates at its policy meeting, with no immediate change in its monetary stance despite a slowdown in economic growth to 6.7%. New RBI committee members' leanings will be closely watched, and foreign investments remain unaffected by Middle East tensions.
Commerce Minister Piyush Goyal announced on Monday that the Indian rupee should appreciate due to strong inflows in debt and equity markets, noting the country's foreign exchange reserves have surpassed $700 billion for the first time. India now ranks fourth globally in foreign exchange reserves, following China, Japan, and Switzerland.
Union Minister of State for Coal and Mines Satish Chandra Dubey laid the foundation for the Karo and Konar Coal Handling Plants, designed to improve coal transportation in Bokaro and Kargali with a combined annual capacity of 12 million tonnes and significant reductions in loading times and pollution.
Former President Ram Nath Kovind highlighted the concerning decrease in physical fitness among Indians over the past two decades, citing a Lancet report. Kovind urged the adoption of yoga and pranayama for better health and called for a parliamentary discussion on the nation's physical fitness.
The Nifty Bank index closed 1.91 per cent down at 50478.9.
XRP's performance in 2024 remains lackluster despite a promising start, with gains of only 15% compared to Bitcoin's 125%. Breaking past $0.60 remains a realistic goal, but $1 is unlikely. Investors are diversifying into altcoins like Ethereum, Solana, and new projects like Crypto All-Stars and Pepe Unchained for better returns.
Gold prices appreciated by Rs 250 to hit a fresh all-time high of Rs 78,700 per 10 grams on Monday on account of consistent buying support from jewellers and firm trends in the overseas markets. The precious metal had settled at Rs 78,450 per 10 grams in the previous close on Friday.
RBI MPC Meeting: The Reserve Bank of India is expected to maintain its interest rates during the October monetary policy meeting due to strong domestic growth and lingering inflation concerns. The newly appointed MPC members could introduce dissenting opinions, potentially signaling future rate cuts as global and domestic conditions evolve.
Domestic indices Sensex and Nifty50 declined for the sixth consecutive session, impacted by geopolitical tensions.
Nobel Prize Winners 2024: The 2024 Nobel Prize announcements began on October 7, recognizing exceptional work in categories such as science, economics, literature, and peace. This year's Nobel Prize winners will receive 11 million Swedish crowns each. Initiated in 1901, these prestigious awards will continue to be announced until October 14.
AstraZeneca, Visa Steel Ltd, Diffusion Engineers, Ujaas Energy and Power & Instrument, hit their fresh 52-week highs during the day.
Scientists Victor Ambros and Gary Ruvkun won the 2024 Nobel Prize in Physiology or Medicine for discovering microRNA and its role in gene regulation. This pivotal finding has clarified how organisms develop and function, with microRNAs playing a critical part in maintaining normal cellular functions and being linked to diseases such as cancer.
India has reduced the local remedies period for UAE investors from five years to three years under the new BIT, effective August 31. This treaty includes portfolio investments and protects investors from expropriation and other injustices. It aims to boost bilateral investments, offering an independent forum for dispute settlement via arbitration.
Tomato prices soar past Rs 100 per kg after crop damage in Nashik due to rains and a virus outbreak. Reduced supply affects markets, while the government sells tomatoes at Rs 65 per kg via mobile vans.
Pakistan's Punjab government banned former Prime Minister Imran Khan, in jail since August, from meeting family, lawyers, and party leaders until October 18 due to security concerns related to the upcoming SCO summit. Interior Minister Mohsin Naqvi accused Khan’s PTI party of attempting to disrupt the event.
NPS offers tax benefits and has generated handsome returns in the last year. 10 out of 11 NPS fund managers have completed one year and provided up to 45% returns.
Ahead of the vote counting, National Conference president Farooq Abdullah expressed openness to collaborating with Mehbooba Mufti's PDP to form a government in Jammu and Kashmir. He criticized the move to empower the Lieutenant Governor to nominate members for five reserved seats in the Assembly and threatened to approach the Supreme Court if the BJP-led Centre proceeds with it.