Global Market at 2023 Highs: Wall Street soars amid economic speculations
US Market: Wall Street climbed back to its best level in 20 months on Friday following a stronger-than-expected report on the U.S. job market. Wall Street’s main measure of health is now just 4% below its record set at the start of last year. Yields rose more sharply in the bond market following the report, which said U.S. employers added more jobs last month than economists expected. But the worry on Wall Street is that the remarkably resilient job market could also end up giving inflation more fuel. The Nikkei 225 tumbled 1.7% for a second straight drop amid speculation about whether the Bank of Japan will ease off its ultra-easy policy on interest rates.
Source:Mint
December 09, 2023 13:19 UTC
Christmas Special: ‘Carol for another Christmas’ will make you emotional
watchChristmas Special: ‘Carol for another Christmas’ will make you emotionalThe plot of the movie is an interpretation of Charles Dickens’s ‘A Christmas Carol’, set in the 1960sImage courtesy: YouTubeThe 1964 movie, Carol for another Christmas directed by Joseph L. Mankiewicz, written by Rod Serling, is based on Charles Dickens’s novel A Christmas Carol. The embittered Grudge has only scorn for any American involvement in international affairs. But then he is visited by three ghosts — based on the Ghost of Christmas Past, Ghost of Christmas Present and the Ghost of Christmas Future — who make him understand the importance of international peace. If you are someone who is interested in world history, then this movie is a must watch. It will take you on an emotional rollercoaster ride.
Source:The Telegraph
December 09, 2023 07:36 UTC
Iran helping Yemen's Houthis group in execution of attacks on Israel and Red Sea: US
The US believes that Iran is involved in the planning and execution of drone and missile attacks by Yemen’s Houthi group on Israel and ships in the Red Sea, a senior aide to US President Joe Biden said on Thursday. The comments by deputy White House national security adviser Jon Finer are among the most explicit to date by a US official alleging Iranian involvement in the Houthi attacks. The Houthis say they have been staging attacks against Israel and Israeli ships in the Red Sea in response to the offensive Israel launched against Tehran-backed militant group Hamas in Gaza. US warships also have intercepted attacks on commercial ships that the US military says were linked to multiple nations. Asked whether US warships in the region were defending Israel, Finer said he did not know the munitions’ ultimate destination.
Source:The Telegraph
December 09, 2023 06:17 UTC
India Works to Build World’s Largest Renewable Energy Project
Summary: India is taking giant strides towards building the world’s largest renewable energy project. The government aims to install 450 gigawatts (GW) of renewable energy by 2030, which is more than double the country’s current capacity. According to recent reports, the Indian government plans to invest over $500 billion in this renewable energy project. The implementation of the world’s largest renewable energy project will not only contribute significantly to India’s energy transition but also benefit the global renewable energy sector. Sources:– [Renewable Energy World](https://www.renewableenergyworld.com/)– [The Economic Times](https://economictimes.indiatimes.com/)Read more in the Web Story: India Works to Build World’s Largest Renewable Energy Project
Source:Economic Times
December 09, 2023 05:47 UTC
A Chinese military surveillance balloon is spotted in Taiwan Strait, island's Defence Ministry says
Taiwan's Defence Ministry says a Chinese military surveillance balloon was spotted in the Taiwan Strait, as well as a large-scale movement of military aircraft and ships. The ministry referred to it both as a "PLA surveillance balloon" and as "1 PRC's balloon", using the acronym for the People's Republic of China, China's official name. A Defence Ministry spokesperson said they had no additional information. It also said 26 Chinese military aircraft were detected, along with 10 Chinese navy ships, in the 24 hours before 6 am on Friday. The US labelled the balloon a military aircraft and shot it down with a missile and recovered what it said was sophisticated surveillance equipment it was transporting.
Source:The Telegraph
December 08, 2023 22:17 UTC
Confident that GST issues will be resolved soon, says E-Gaming Federation chief
The E-Gaming Federation (EGF), a self-regulatory body for the online gaming industry, is confident that issues around the recent GST changes which increased companies’ tax burden will be resolved soon. Within a fairly short amount of time, we will be able to ensure there are regulations that encourage Indian gaming companies and curb or discourage those that may not be subject to our laws,” he added. “Companies in the skill-based gaming sector are proactively subjecting themselves to Indian norms and rules. While the government has come down hard on the real-money gaming (RMG) sector, an offshore betting industry has been thriving. He added that the sector is looking to be compliant with self-regulatory bodies, which will make the ecosystem safer.
Source:Mint
December 08, 2023 21:04 UTC
Kuchipudi Elegance- The New Indian Express
I feel very happy, and I’m thankful to my teacher, M Soundarya Kaushik, for this wonderful opportunity,” expressed Aashritha, a 12-year-old student at Natya Mayura Kuchipudi Dance Academy. The performance concluded with a Krishna Bhajan, with all 40 students performing as ‘Managalam’ - Achyutam Keshavam. Follow The New Indian Express channel on WhatsAppHYDERABAD: Cherishing and celebrating Kuchipudi, the traditional dance form of the Telugu states for over six years, Natya Mayura recently marked its sixth anniversary with the event Natyanubhava 2023 at Ravindra Bharathi. I feel very happy, and I’m thankful to my teacher, M Soundarya Kaushik, for this wonderful opportunity,” expressed Aashritha, a 12-year-old student at Natya Mayura Kuchipudi Dance Academy. The performance concluded with a Krishna Bhajan, with all 40 students performing as ‘Managalam’ - Achyutam Keshavam.
Source:Indian Express
December 08, 2023 18:16 UTC
MNCs challenge GST notices on services received from expats
More than a dozen companies have contested the show cause notices (SCNs) issued by the Directorate of GST Intelligence (DGGI) over the secondment issue, sources in the know told ET. Secondment or deputation of expatriates is subject to GST if the expatriate employee is being reimbursed by the Indian company for the services provided to the company. As per the GST law the Indian company is deemed as the recipient of the service, and the services provided by the expatriate will be considered as a “supply of manpower” under the GST law. Thus the Indian company is liable to pay GST on the value of the deemed supply at the applicable rate. Given that the demands have arisen pursuant to a Supreme Court ruling, most taxpayers have either already paid the tax or acceded & paid the demands.
Source:Economic Times
December 08, 2023 17:49 UTC
Mohammed Aashiq wins MasterChef India 2023
24-year-old Mohammed Aashiq from Mangalore has emerged as the winner of MasterChef India 2023. Nambie Jessica Marak and Rukhsaar Sayeed secured the position of first runner-up and second runner-up, respectively. Talking about his remarkable journey, Aashiq said in a statement, “I am immensely grateful for the whirlwind journey I’ve had on MasterChef India. Coming back with stronger determination after narrowly missing out last season was tough, but I devoted myself entirely to the culinary craft. This victory isn’t just mine; it’s for every dreamer who defies the odds to chase their aspirations.”
Source:Indian Express
December 08, 2023 17:42 UTC
Sowing seeds of hope
It helps people get acquainted with Ukrainian culture and also, perhaps, find answers to their pressing questions. Walking us through the process of documenting these unique stories of Ukrainian refugees, Saurabh said, “In my story, it’s more about curiosity. After some time, the refugees started to move to my neighbourhood in Gummersbach. It helps people get acquainted with Ukrainian culture and also, perhaps, find answers to their pressing questions. googletag.cmd.push(function() {googletag.display('div-gpt-ad-8052921-2'); }); Walking us through the process of documenting these unique stories of Ukrainian refugees, Saurabh said, “In my story, it’s more about curiosity.
Source:Indian Express
December 08, 2023 15:55 UTC
Alphabet soars as Wall Street cheers arrival of AI model Gemini
Alphabet Inc saw a surge in shares on Thursday as the company's Gemini AI model was released, allaying worries about its standing in the fiercely competitive artificial intelligence market, said Bloomberg in its report. With a 5.3% gain, the stock saw its largest one-day percentage gain since July. The surge increased the market capitalisation of the stock by more than $87 billion. In contrast, Microsoft's results were viewed favourably given the strong demand for AI, according to the report. The stock of Advanced Micro Devices Inc., which this week unveiled a new line of AI chips, has almost doubled in value.
Source:Mint
December 08, 2023 15:31 UTC
Watch: Matt Renshaw completes his fifty against Pakistan with a seven
Matt Renshaw completed his fifty against Pakistan with a seven in the tour game at Canberra. On Day 3, in the 78th over of Prime Minister XI’s innings, Renshaw hits a cover drive and Mir Hamza stopped it after a long chase. Pakistan had earlier declared their innings on 391 for 9 with their skipper Shan Masood remained unbeaten on 201. No 3, Renshaw kept the one end intact with all-rounder Cameron Green, too chipping with a quality 46. Renshaw has now forged an unbeaten 102-run partnership for the fourth wicket with skipper Nathan McSweeney.
Source:Indian Express
December 08, 2023 15:28 UTC
SpiceJet says it obtained “favourable order” from Dubai court for grounded aircraft
December 08, 2023 07:49 pm | Updated 08:14 pm IST - MumbaiSpiceJet said on December 8 that it has obtained a “favourable” order from Dubai International Financial Centre in relation to the grounding of an aircraft last week for removal of engines by their lessor when the airline was forced to divert its flight. “In a DIFC Court hearing on 7 Dec 2023, the Order was discharged in favour of SpiceJet. Additionally, the Judge has directed an inquiry into losses suffered by SpiceJet as a result of the Order having been made. The Court has further ordered to pay towards the legal costs incurred by SpiceJet,” the airline said in a statement. The Court on October 30 had issued a freezing order for engines installed on aircraft bearing registration mark VT-SLM resulting in it being grounded on November 30.
Source:The Hindu
December 08, 2023 14:49 UTC
A different time: When the watchdog barked and when it wagged its tail - Telegraph India
Wills removed the tape, “but when he passed by about 10 minutes later, a new piece had been put on. Needless to say, the newspaper was The Washington Post and the facility that was burgled was the Watergate Hotel. The sheer sweep of the Pegasus scandal that broke in July 2021 was astounding: the spyware was allegedly used on Opposition leaders, Supreme Court judges, journalists, investigators and statutory officials. It may be appropriate to remind ourselves of how the institutions in America reacted when the Watergate scandal erupted. Some public figures in India construe election victory as a trial by fire that cleanses them of all sins, imaginary or otherwise.
Source:The Telegraph
December 08, 2023 13:44 UTC
Multi-crore GST fraud case in Noida: 4 more arrested
Gautam Buddha Nagar police Thursday arrested four more persons in connection with its ongoing investigation into a GST fraud case. A total of 29 people have been arrested so far in the case. We recovered data of 250 bogus companies, used to fraudulently claim Input Tax Credit. He used to travel abroad for the smooth functioning of his bogus companies, the police said. 4,000 crore, which was claimed on behalf of bogus companies.
Source:Indian Express
December 08, 2023 13:28 UTC