A car deliberately plowed into a Christmas market in Magdeburg, Germany, killing two and injuring at least 60. The suspect, a 50-year-old Saudi doctor residing in Germany, was apprehended. Officials confirmed the deceased were an adult and a toddler, with the possibility of further fatalities.
Earthquake Today: A magnitude 4.8 earthquake struck Nepal early Saturday morning, as reported by the National Centre of Seismology (NCS). The tremor occurred at 3:59 am IST, with its epicentre located at a depth of 10 kilometres. Positioned at Latitude 29.17 N and Longitude 81.59 E, the seismic activity caused minor disruptions. Further updates on potential damage or casualties are awaited. Authorities are monitoring the situation closely for any significant developments.
Accel India has secured $650 million for its eighth fund, while its global growth fund has raised $1.35 billion. A portion of this will be invested in pre-IPO rounds of Indian startups, bringing Accel's total India commitments to nearly $3 billion. This move comes as several Accel-backed companies, including Bluestone, are preparing for IPOs.
The Reserve Bank Innovation Hub is developing a Unified Lending Interface. It is partnering with companies like Namma Yatri, Rapido, and Amul. The platform will use data to speed up loan approvals. Seven states have already joined the initiative. The goal is to make credit access easier, especially for small businesses and farmers.
The GST Council is contemplating exempting gift vouchers from GST and reducing tax rates on insurance premiums. They are also considering an 18% GST on used cars, including electric vehicles, and a potential 35% slab for sin goods. However, states have differing views on these proposals, requiring further discussion.
Tata Trusts has implemented stricter monthly reviews of projects to control operational costs and improve the impact of its philanthropic efforts. An internal audit revealed discrepancies, prompting enhanced monitoring and reporting. The Trusts may prioritize grants over direct implementation projects to minimize expenses and maximize funds for charitable causes.
Indian garment, handicraft, and engineering exporters anticipate 5-10% gains from the rupee's decline. However, import-dependent sectors like gems, jewelry, and electronics face rising input costs, offsetting potential benefits. Further, sharper depreciations of other currencies may pressure Indian exporters to lower prices, limiting long-term competitive advantages.
After a few weeks of recovery, the Nifty and Sensex are again under pressure. Are we again back to what we witnessed in October? Not really. At that time, the Indian markets were singled out from among all the emerging markets and saw largescale FII selling. This time, the drop is more due to global reasons, primarily because the US Fed has indicated that the pace at which it is going to cut rates will be slower. Yes, this will have an impact on the pace at which risk on trade was expected to make a comeback. Читать дальше...
UnitedHealthcare CEO Brian Thompson's alleged killer Luigi Mangione has now been brought into an NYC court to face new federal charges. But he most interesting part is the fact that dozens of demonstrators gathered outside the Pennsylvania courthouse in support of Mangione. What's exactly cooking?
Canada-US relations are currently very complex at this point, and has worsened after Donald Trump became the new President-elect of the United States. Newt Gingrich, a former House Speaker has duly addressed this issue and said that the transition period nearly broke the Trudeau government
US Stock market indexes S&P 500, Dow Jones Industrial Average, and Nasdaq composite are witnessing strong growth.
President-elect Donald Trump has suddenly gown very supportive and frantic about the US stock market at the same time, and is banking on its amazing bull run for his upcoming administration beginning in January next year. Meanwhile, there is some fantastic news for Nvidia investors from Trump's end. What is it?
Luigi Mangione, the suspect in the murder UnitedHealthcare CEO Brian Thompson, has been lodged into the same Brooklyn prison where hip-hop mogul Sean Diddy Combs is. Here's more about this detention center, which is now considered one of the most dangerous prisons in the United States.