American billionaire Laurene Powell Jobs attended the Maha Kumbh mela in Uttar Pradesh accompanied by a 40-member team. Swami Kailashanand Giri hosted her, noting her unaccustomed reaction to the crowded environment. Devotees took a holy dip at the Triveni Sangam on Makar Sankranti, marking the first 'Amrit Snan' of the event.
Indian stocks are likely to see another quarter of losses due to economic slowdown and inflation affecting corporate earnings and foreign flows. The benchmark NSE Nifty 50 Index is expected to drop by at least 5% through March. The market has been under pressure due to foreign outflows and concerns over geopolitical tensions.
Happy Makar Sankranti Wishes 2025: Makar Sankranti is a joyous festival marking the transition of the Sun into Capricorn. It is celebrated with vibrant kites, sweets like til gud, and a spirit of togetherness. Send heartfelt wishes for prosperity, health, and happiness on this auspicious day, accompanied by colorful Makar Sankranti images!
Joe Biden Foreign policy speech: President Joe Biden, in his last foreign policy speech, highlighted the successes of his administration. He emphasized that the US is winning the global competition, and its adversaries are facing challenges. Biden noted the strengthening of alliances, investments in technology, military and economic power, and positive changes in national and international diplomacy over the past four years.
Brent LCOc1 futures slipped 22 cents, or 0.27%, to $80.79 a barrel by 0122 GMT, while U.S. West Texas Intermediate (WTI) crude fell 16 cents, or 0.2% to $78.66 a barrel.
Capital Infra Trust InvIT, sponsored by GCL, will debut on exchanges with units potentially listing at a premium. Focused on infrastructure assets, the IPO funds will repay external borrowings and fund project SPVs. InvIT operates in India's extensive road network sector.
Avax Apparels and Ornaments shares showed a robust debut on the BSE SME platform, listing at a 90% premium. The company, focusing on wholesale trading of knitted cloth and online retail of silver ornaments, received over 250 times the subscription for its IPO.
Rahul Gandhi criticizes PM Modi and Arvind Kejriwal, accusing them of neglecting backward communities, Dalits, tribals, and minorities. He commits to a caste survey and reservation cap removal if Congress wins in Delhi. Gandhi also defends equality and condemns crony capitalism.
Recent economic data have indicated a resilient economy with nagging price pressures, which has pressured equities. Comments from Fed officials have pushed bond yields higher. The S&P 500 had weekly losses in four of the last five weeks.
The bullion fell about 1% in the last session as a strong U.S. dollar, buoyed by robust jobs data last week, dampened investor appetite for the precious metal.
PhonePe is set to be the first fintech to take on quick commerce. This and more in today’s ETtech Morning Dispatch.
American content creators are switching to the Chinese app Xiaohongshu as TikTok faces a US shutdown. The app became the top download on the Apple App Store. Influencer Jen Hamilton, with 3.9 million TikTok followers, led the move. Despite concerns over data privacy, many users aren't worried. The new law affecting TikTok takes effect Sunday.
A dollar gauge fell for the first day in six, with the New Zealand dollar leading gains among the Group-of-10 peers. US contracts rose after the S&P 500 closed slightly higher on Monday, wiping out a slide that approached 1% earlier in the session.
IT services company HCL Technologies reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024.
The underlying trend of Nifty continues to be weak. Nifty is on the way down to the next lower support of around 22,800-22,700 levels . Any pullback up to 23,350 could be a sell-on-rise opportunity, said Nagaraj Shetti of HDFC Securities.
The panic in equities was sharper in the broader market with mid-cap and small-cap indices tumbling nearly 4% each. Analysts said the markets are oversold but the undertone is cautious ahead of Donald Trump taking charge as US President on January 20.
The government initiative aims to make available 10,000 GPUs to support startups, researchers, students and academicians. Around 44%, or Rs 4,563.63 crore, of the Rs 10,371.92-crore ($1.25 billion) approved by the cabinet for the ‘IndiaAI Mission’ in March last year is reserved for providing compute capacity of more than 10,000 GPUs over five years.
Makar Sankranti, celebrated in mid-January, marks the sun’s transition into Capricorn (Makara Rashi). Falling on 14 January 2025, the festival unites diverse regions with unique traditions like Pongal, Uttarayan, Lohri, and Bihu. Families prepare sweets, fly kites, and offer prayers to the Sun God. It’s also a day to exchange heartfelt wishes and share positivity. This festival highlights gratitude for the harvest and the warmth of relationships, blending cultural richness with universal values.
India's electronics, solar and electric vehicle sectors are struggling to obtain essential high-tech machinery due to China's recent halt in exports. This move aims to impede manufacturing growth in India for firms like Foxconn and BYD, causing potential setbacks and increased costs. The Indian government is considering measures to mitigate these impacts.
The funds will be used to expand the Pune-based company’s presence in India and overseas, meet capital expenditure requirements, marketing, and enhance in-house R&D for upcoming product launches. BGauss, which has raised Rs 161 crore from Bharat Value Fund, aims to scale its dealership network and manufacturing capacity as demand increases.
Skylane reduces the standard five-to-seven-day waiting period for visa approvals by addressing inefficiencies in traditional workflows and replacing manual approval processes with data-driven systems, according to founder Mohak Nahta. The solution generates structured risk profiles, similar to a credit score for travel, and supports paperless visas linked to passports. Atlys aims to process over 100 million visas in five years.
Poor adoption, lack of awareness are hobbling the integration of AI with mobiles & laptops in India. Subhrojit Mallick finds out why cos are holding back on rolling out AI-enabled devices.