Hamas struck Israeli base housing nuclear-capable missiles in Oct 7 attack: Report
Hamas reportedly targeted an Israeli military base on October 7, igniting a fire near missile storage facilities. The base, Sdot Micha, allegedly houses Israel's nuclear-capable missiles, leading to heightened tensions. Key Points
India TodayVedanta forms base metals unit
The new subsidiary was incorporated on October 9, and it will have an authorized share capital of ₹100,000 with shares of ₹1 each. Its subscribed capital will also be ₹100,000, with equity shares of ₹1 each. Key Points
Economic Times'Jio opts for competitive rates, Airtel takes premium road to drive ARPU'
Earlier this year, Jio made an aggressive play for the post-paid market by introducing competitively priced plans with family usage features and value-added benefits like subscription to over-the-top streaming services. Jio's current post-paid user base is estimated under 3% of its total user base. Key Points
Economic TimesEV manufacturer Mercury EV-Tech establishes new R&D Base; stock up 190% in 6 months
Mercury EV-Tech, a passenger cars and utility vehicles company, has announced to establish a research and development base. Besides, it has also started battery manufacturing through its subsidiary PowerMetz Energy. Key Points
mintNew Navy base INS Jatayu to bolster security infrastructure in Lakshadweep
The Indian Navy is set to commission a new naval base, INS Jatayu, on Minicoy Island on March 6, enhancing security infrastructure in the strategically important Lakshadweep Islands. This move is part of the government's plan to boost military presence and security infrastructure in the region. INS Jatayu will be the second naval base in Lakshadweep, improving the Navy's operational capability and reach in the region, particularly for anti-piracy and anti-narcotics operations. The base's establishment aligns with the government's focus on island development and will contribute to strengthening maritime security in the Indian Ocean region. Key Points
Economic Times
India e-tailing reached $60 billion GMV in FY23 with 22% annual growth: Redseer report
As per the report, the growth pattern in FY23 is different wherein the ‘regular shoppers’ i.e., the monthly user base is larger Key Points
FinancialexpressSamsung to start making laptops in India this year
Samsung plans to start manufacturing laptops at its Noida factory in India this year. The company considers India an important manufacturing base and has received support from the state and central governments. Samsung recently launched the Galaxy S24 series smartphone with a focus on artificial intelligence. The company will also manufacture the Galaxy S24 at its Noida factory. The Noida plant already produces feature phones, smartphones, wearables, and tablets. Key Points
Economic TimesIPL Auction 2024: base price of Head, Starc, Cummins, Ravindra, Rassie revealed
There are 77 slots up for grabs and 30 of them would be overseas players. The 10 teams can collectively spend ₹262.95 crore. | Cricket Key Points
Hindustan TimesUS Navy plane overshoots runway, goes into Hawaii bay, all passengers safe
A US Navy P-8A aircraft overshot the runway at Marine Corps base Hawaii and ended up half submerged in Kaneohe Bay. All the nine crew members aboard the aircraft were safe. Key Points
India TodayReliance, Disney Star & Sony may not have big purses for India's cricket matches at home
The Board of Control for Cricket in India may generate Rs 6,500-7,500cr by selling separate digital and TV rights for the national team's home games. Analysts from Elara Capital believe the board will attract the equivalent of 1.6 to 1.9 times the base price for the rights, which is Rs 450m per match, or 25% lower than in the previous cycle. Key Points
Economic Times
Breakout Stocks: How are Tata Motors, BLS International and JBM Auto looking on charts for Friday?
The Indian market soared to a new all-time high, with the S&P BSE Sensex surpassing 64,000 and the Nifty50 reaching 19,011. Sectors such as capital goods, power, healthcare, auto, and oil & gas witnessed buying activity. Stocks like Tata Motors, BLS International, and JBM Auto gained significantly, hitting fresh 52-week highs. Analysts suggest that while Tata Motors may have experienced a base breakout, better opportunities may be found elsewhere due to the absence of significant earnings growth triggers. Key Points
Economic Times‘Let that sink in’: Zerodha CEO Nikhil Kamath on India’s growing internet user base
Internet user base has seen an exponential growth over the past few years, thanks to Jio. The Mukesh Ambani-owned telecom service was launched in 2016. Key Points
mintInter-ministerial consultation on for new industrial policy: DPIIT Secy
The Indian government is working on a new industrial policy, which will be the third after 1956 and 1991. The policy aims to create a globally competitive business environment that fosters manufacturing, exports, and innovation. The policy is likely to recommend reforms that enable a globally progressive, innovative, and competitive industrial ecosystem. Key Points
Economic TimesElon Musk says humans should have cities on Mars and a moon base
Elon Musk, the CEO of Tesla and SpaceX, is urging humanity to extend its reach beyond Earth, emphasising the need for a moon base and cities on Mars. Here are the details. Key Points
India TodayUnpublished study finds elevated cancer rates at US military base
Cancer and mortality studies conducted by a U.S. health agency have found elevated cancer rates in military and civilian personnel who lived and worked at Camp Lejeune, a major American military base, an epidemiologist familiar with the research says. Key Points
Reuters
Pakistan's Mianwali airbase attacked by terrorists, 3 of them gunned down by army
Multiple suicide bombers attacked Pakistan's Mianwali airbase in Punjab on Saturday morning. The army has killed three of the terrorists. Key Points
India TodayAirtel beats Jio in race for postpaid users in Q1
Airtel added 0.8 million postpaid users in the June quarter. While Jio does not disclose its postpaid subscriber base, it has said that a bulk of new Jio Fiber (Jio fibre-to-the-home business) users were on postpaid plans. As per the sector regulator's May end data, Jio added 0.59 million wired broadband users over April and May to take its total use base to around 9 million. Key Points
Economic TimesTehreek-e-Jihad Pakistan claims responsibility for rare attack in Punjab province. Who are they?
Tehreek-e-Jihad Pakistan (TJP) claims responsibility for the attack on the Pakistan air force training base. The TJP is an affiliate of the Tehreek-e-Taliban Pakistan (TTP) movement. Key Points
mintOfficers' training kicks off to recast consumer price index
The training involves identification of markets and key shops for collecting statistics, sources informed ET. The ministry identifies the most frequented shop as a permanent shop in each market and two reserve shops. CPI base updation training programme will strengthen the data collectors to identify the correct markets and correct shops for item identification, a source said. Key Points
Economic TimesBCCI sets Rs 350 cr base price for lead sponsorship rights
The BCCI released the tender for national team lead sponsor rights on June 14. The tender document will be available for purchase until June 26. The base price is less than the amount paid by the edtech company Byju's, which was the lead sponsor until March. Byju's was paying ₹5.07 crore per match for domestic matches featuring Team India and ₹1.56 crore per match for ICC and ACC tournaments. Key Points
Economic Times
Disney+ Hotstar loses another 12.5 million subscribers on IPL void
Its subscriber base stands at 40.4 million at the end of June 2023. Between September 2022 and June 2023, the platform has lost a whopping 20 million-plus subscribers. Key Points
Business TodayStock Radar: Short-term traders may look to accumulate Bharat Forge on dips; here’s why
Bharat Forge, a part of the casting and forging industry, has a solid technical setup that suggests short-term traders can look to accumulate the stock on dips. While it is down about 10% from its record high of Rs 919, the stock has formed a strong base above Rs 740 levels and has managed to climb above the 50-Weeks Moving Average at Rs 791. Key Points
Economic TimesIndian economy gaining momentum since second quarter, emerges from pandemic stronger
RBIs economic research wing headed by deputy governor Michael Debabrata Patra argued that the sequential slowing down in successive quarters of 2022-23 is due to base effect. As for the data, Indias gross domestic product (GDP) for the October-December quarter moderated to a three-quarter low of 4.4%, according to data released by the ministry of statistics earlier in the month. Key Points
Economic TimesClash of Clans: Conquer Town Hall 10 with these top attacking strategies
While established attacking tactics typically involve using a predetermined army composition, players can modify their strategies based on their opponent's base layout. Nevertheless, the essential components of a successful attack remain unchanged. In this article, we will delve into the best attacking strategies for Clash of Clans Town Hall 10 players in 2023. Key Points
mintHDFC Bank hikes home loan, and other lending rates by up to 15 bps: Check new rates
The Marginal Cost Based Lending Rate (MCLR) has increased by up to 15 basis points (bps) on certain tenors. The new rates are applicable from may 8, 2023. Key Points
Economic Times
Antarctica sees first bird flu case, confirms scientists
Scientists confirm lethal strain of avian influenza on Antarctica mainland, posing threat to penguin colonies. Virus found in dead skua seabirds near Antarctic base Primavera, highlighting the danger to bird populations globally. Key Points
mintWhat stars foretell: Young professionals turn to astrologers to know what career holds
Young professionals and startup founders in India are increasingly turning to astrology platforms for guidance on career challenges, job changes, and fundraising plans. Astrology's popularity grows despite skepticism about its scientific basis, reflecting the need for answers amidst uncertainty and anxiety. Key Points
Economic TimesJD Majethia sings Kishore Kumar songs on his way to Everest base Camp. Watch
Producer-actor JD Majethia completes his 11-day-long trek to the Everest base Camp. He sang songs along the way, hoping to make it big at ‘Mountain Idol’. Key Points
Hindustan TimesLast surviving member of the first team to conquer Mount Everest says it is crowded and dirty now
Authorities have no plans to cut down on the number of permits they issue to climbers. The only surviving member of the mountaineering expedition that... Key Points
The Tribune IndiaReturn of ₹2,000 notes to bolster bank coffers, money market liquidity, says research report
The Reserve Bank of India’s decision to withdraw ₹2,000 notes could boost banks’ deposit base and liquidity in the money markets by anywhere between ₹40,000 crore to ₹1.1 lakh crore, even if just about a third of these heavily hoarded high currency notes are flushed out by the exercise, according to a research report. Key Points
The Hindu
SBI to hike base rate, benchmark prime lending rate from tomorrow. Details here
BPLR will be hiked by 70 basis points or 0.7 per cent to 14.85 per cent, effective 15 March Key Points
mintPalm Beach Road plot fetches record price, but 18 CIDCO plots receive no bid
A plot of land in the prime location of Palm Beach road in Navi Mumbai has been auctioned for a record bid of ₹6.46 lakh per sqm. This rate is close to that of prime land in Mumbai and highlights the unprecedented demand for land in the area. Despite the high bid, there were no bids for 18 other plots in the auction, which industry sources blame on the high base price set by CIDCO and current market conditions. CIDCO earned a total of ₹1,170.80 crore from the sale of the plots. | Mumbai news Key Points
Hindustan TimesIPL 2024 auction: Franchises bid way beyond base prices set for players, here's list of top picks
With 10 teams claiming their ownership of the 332 players, 22 players have been sold, and the franchises have spent a total of ₹143.4 crore. This includes 14 overseas players. Key Points
mintFull list of sold, unsold players, IPL Auction 2024: Cummins, Mitchell costliest
IPL 2024 Auction, Full List of Sold and Unsold Players: Cummins became IPL's costliest player (20.5 crore) while Mitchell came close with 14 crore. | Cricket Key Points
Hindustan TimesNot even far-flung Antarctica could escape the covid virus
How the Sars-CoV-2 reached there is a lesson in humility for humanity at large. We exert far less control over pathogens and public health than we’d like to think. Key Points
mint
Elon Musk takes a jibe at OpenAI after making Grok AI open source: 'Tell me more about…'
Elon Musk's xAI makes its generative AI chatbot, Grok, open source, fulfilling a recent promise. The company released the base model weights and network architecture of Grok-1, a 314 billion parameter model trained from scratch. Key Points
mintIndia plans new population census, economic data improvements
India's government is set to enhance economic data quality by initiating a long-awaited population census, reviving business surveys, introducing uniform base years for key indicators, and updating the inflation calculation basket. Plans also include appointing an advisory panel and adjusting consumer spending patterns in official statistics. Key Points
Economic TimesPre-IPO party: Tiger Pacific Capital latest to pour into Bira 91 Keg
Tiger Pacific Capital acquires 4% of B9 Beverages for $25 million, strengthening its capital base. The acquisition includes strategic partners and blue chip financial sponsors across geographies. Ankur Jain plans to raise $50 million for pre-IPO companies and listed securities. Key Points
Economic TimesOverseas buyers see 'Vision' in Apple's new offing; it's being resold for $5,000
On Japan's Mercari marketplace, the base 256 GB model sold for $5,400, sellers on China's Taobao are asking $5,000 and there's one seller on Singapore's Lazada seeking $6,300 for the device. In Hong Kong's bustling Mong Kok, an electronics importer specialising in getting gadgets early, asks for $4,580, with the price shifting on a daily basis. His advice: best to wait. Key Points
Economic Times‘Samsung will make laptops in India from this year’
T.M. Roh, president and head of the company’s mobile experience (MX) business, credited the Indian government’s supportive policies for Samsung’s expansion in the country. Key Points
mint
Stocks to buy: Granules India, Jay Bharat Maruti among three fundamental stock picks by HDFC Securities
Stocks to buy: HDFC Securities has three fundamental stock picks that it expects to give decent returns in the medium to long term. Based on strong fundamentals, it recommends buying Granules India, Jay Bharat Maruti and Shree Digvijay Cement for a time horizon of 2-3 quarters. Key Points
mintIndian companies can now list on international bourses in GIFT City
India Business News: Indian companies are now allowed to list directly on international exchanges in GIFT City, providing them access to a wider pool of investors. This move will boost foreign investment flows and broaden the investor base for Indian companies. Key Points
Times Of IndiaIKIO Lighting share price gains over 3%; Anand Rathi initiates coverage with a ‘Buy’ call, sees 22% upside
IKIO Lighting’s export revenue has grown rapidly in the last four years on a low base and new customer acquisitions. The company added a new product line for recreational vehicles in the export division which led to such expansion. Key Points
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