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- Start Your Monday: 🔥 Hot News in 60 Seconds
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
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 🌞
Chinese ODM Giant Huaqin Eyes Indian Market: Bhagwati Products and Huaqin Technology in advanced JV talks to tap into India's mobile manufacturing boom 📱💼
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
Indian Railways Plans to Expand Gati Shakti Cargo Terminals: 🚃 📦️ Eyes Rs 14,000 crore private investment for 200 new cargo terminals 🚂💼
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
IPO: 🔬💻️ Carlyle and Nadathur Fareast-backed Indegene announces IPO opening on May 6, price band set at Rs 430-452 per share 🚀
Stock Broking: 🔻BSE shares nosedive 18%, biggest drop since sitting as 🔨 SEBI mandates notional value for fee calculation 🧮
Power Generation/ Distribution: 🔋 IREDA stock rises 13% on 🌟 'Navratna' status; Achieves record loan sanctions and disbursements
Healthcare: 🏥 Apollo Hospitals shares drop 8% as investors disappointed with Apollo HealthCo's valuation in Advent deal 📉
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
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 📊
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 🏦💼
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 🌍✈️
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 🐢💰️
US Takes Action Against Chinese Economic Pressure, Offers support to allies: 🗺️🔍 Launches response team to advise nations on mitigating economic coercion tactics from China 🆘🤝
Scandal Fallout: 🗳️🔦Japan's ruling party defeated in election over Slush Fund scandal, reflects voter discontent; 🔴🫢 Big blow to PM Kishida
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 💴🪝
Middle East Tensions Dominate Discussions at World Economic Forum in Riyadh:🚨 Saudi FM calls for De-escalation amid rising geopolitical risks 🌍🗣️
Ukraine Braces for Russian Offensive: 🇺🇦💥 Reports dynamic situation with frequent position switching, 😨 escalating situation in eastern front; Anticipates US military support 🪖
TECH NEXUS
Elon Musk’s Attempt to Woo China Again: 😯 Surprise visit amid alarming revenue dip 📉 in Chinese market
Tesla clears data security hurdle in China: Clears way for full self-driving approval in China with Baidu partnership!! 🚗
OpenAI Features Could Power New iPhone Functions in iOS 18: 🤖 Apple in talks with OpenAI, Google for iPhone enhancements and integrations in iOS 18 🤝📱
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 🌐🔜
Stripe’s Grand Comeback to Crypto Market: USDC payments accepted on Solana, Ethereum, and Polygon 🌐💳
Hong Kong to Launch Bitcoin and Ether ETFs: China's crypto ban keeps mainland investors away 🚫💰
SenseTime Unveils SenseNova 5.0: Chinese AI leaps ahead, outperforming GPT-4 Turbo 🇨🇳🚀
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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