Start Your Monday: 🔥 Hot News in 60 Seconds

In today’s edition: Elon Musk’s destination change in itinerary from India to China pays off!!! Achieves full self-driving approval from its government; NaMo’s third-term goals for a better India are admirable; While Indo-China conflict may be threatening our borders, we have bigger trade problems brewing, urgent diversification of supply chains recommended!; Palestine requests US to intervene in one last-ditch effort to stop Rafah attacks

More in our geopolitics news coverage. Do NOT miss!

TODAY’S HIGHLIGHTS

Narendra Modi Thank You GIF by GIPHY News

  1. PM Modi’s Vision for India: 0️⃣🔌 Zero electricity bills, 0️⃣🚘️ zero transport costs, ♻️🔋 self-reliance in energy, 0️⃣💸 zero tolerance towards corruption; Aims for India’s global economic rise to 3rd largest economy 🌞

  2. Chinese ODM Giant Huaqin Eyes Indian Market: Bhagwati Products and Huaqin Technology in advanced JV talks to tap into India's mobile manufacturing boom 📱💼

  3. India's Growing Trade Deficit with China: 📥️🇨🇳 Import dependency on Chinese industrial goods rises to 30% in 15 years, 📈 growing faster than imports from other countries; 📤️⛔ Exports to China stagnate at USD 16 billion from 2019 to 2024

  4. Indian Railways Plans to Expand Gati Shakti Cargo Terminals: 🚃 📦️ Eyes Rs 14,000 crore private investment for 200 new cargo terminals 🚂💼

  5. AU Small Finance Bank Plans Steep Growth Trajectory: 🏦 Post-merger with Small Finance Bank and AD-I license, 🤑 targets 25% growth and Rs 2.5 Lakh crore balance sheet in 3 years

THE MARKET MOVEMENT

  1. IPO: 🔬💻️ Carlyle and Nadathur Fareast-backed Indegene announces IPO opening on May 6, price band set at Rs 430-452 per share 🚀

  2. Stock Broking: 🔻BSE shares nosedive 18%, biggest drop since sitting as 🔨 SEBI mandates notional value for fee calculation 🧮 

  3. Power Generation/ Distribution: 🔋 IREDA stock rises 13% on 🌟 'Navratna' status; Achieves record loan sanctions and disbursements

  4. Healthcare: 🏥 Apollo Hospitals shares drop 8% as investors disappointed with Apollo HealthCo's valuation in Advent deal 📉 

  5. Banking: 🏦  ICICI Bank shares rally over 4% hitting a record high of Rs 1,160 on the BSE; 🎉 2nd Indian bank to cross Rs 8 lakh crore market cap milestone, boosted by Q4 profit growth 💪 

GEOPOLITICS SPOTLIGHT

  1. APAC Markets Pivot Towards Value Investing Amidst Higher Interest Rates: 🌏💸Asian investors turn selective as central banks adopt hawkish stance; 🌟 Cheap Chinese stocks shine, Japan and South Korea corporate reforms boost Asia's appeal 📊

  2. US Bonds Market Shows Resilience, Gives Rise to Rate Hike Speculations: US economy’s consumer activity exceeds expectations 🌡️💸 Fed likely to hold rates as employment and inflation data support status quo 🏦💼

  3. Last Chance to Halt Israel Invasion: Efforts intensify for Gaza truce as US Secretary Blinken heads to Middle East after Palestinian President urges US intervention 🌍✈️

  4. Thailand’s Cabinet Reshuffle: 🔄💼 Pichai Chunhavajira appointed as Thailand's New FM and Deputy PM to ease tensions with Central Bank, tackle slow economic growth 🐢💰️ 

  5. US Takes Action Against Chinese Economic Pressure, Offers support to allies: 🗺️🔍 Launches response team to advise nations on mitigating economic coercion tactics from China 🆘🤝 

  6. Scandal Fallout: 🗳️🔦Japan's ruling party defeated in election over Slush Fund scandal, reflects voter discontent; 🔴🫢 Big blow to PM Kishida

  7. Yen's Plunge Raises Questions, Boosts Inbound Tourism: 💱❓️Japan faces pressure to act as Yen tumbles beyond 160 per dollar; Traders await support measures, Hedge funds record short positions 💴🪝

  8. Middle East Tensions Dominate Discussions at World Economic Forum in Riyadh:🚨 Saudi FM calls for De-escalation amid rising geopolitical risks 🌍🗣️

  9. Ukraine Braces for Russian Offensive: 🇺🇦💥 Reports dynamic situation with frequent position switching, 😨 escalating situation in eastern front; Anticipates US military support 🪖 

TECH NEXUS

  1. Elon Musk’s Attempt to Woo China Again: 😯 Surprise visit amid alarming revenue dip 📉 in Chinese market

  2. Tesla clears data security hurdle in China: Clears way for full self-driving approval in China with Baidu partnership!! 🚗 

  3. OpenAI Features Could Power New iPhone Functions in iOS 18: 🤖 Apple in talks with OpenAI, Google for iPhone enhancements and integrations in iOS 18 🤝📱

  4. Apple's Rivals Pivot Strategies: ♟️ Google and Meta eyeing iPhone competition and AI hardware shift; 🎧️ Meta shifts to Meta Horizon OS, offers operating system to all headset makers 🌐🔜

  5. Stripe’s Grand Comeback to Crypto Market: USDC payments accepted on Solana, Ethereum, and Polygon 🌐💳

  6. Hong Kong to Launch Bitcoin and Ether ETFs: China's crypto ban keeps mainland investors away 🚫💰

  7. SenseTime Unveils SenseNova 5.0: Chinese AI leaps ahead, outperforming GPT-4 Turbo 🇨🇳🚀

  8. New Heights in Humanoid Robotics, Sanctuary AI Unveils Phoenix Gen 7: Raises the bar for humanoid robots with faster learning and enhanced design 🚀🧠

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