5 Minutes Read

World AIDS Day: WHO calls for continued global collaboration to tackle challenges in ending HIV by 2030

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Globally, an estimated 39 million people are living with HIV. In 2022, around 1.3 million people acquired HIV and around 6,30,000 people died from AIDS-related causes, said Dr Poonam Khetrapal Singh, the WHO Regional Director for South-East Asia.

On World AIDS Day, WHO called upon member states, partners and communities in the Southeast Asia Region and around the world to continue fostering collaboration to address the challenges in ending the disease by 2030 and empower communities to lead in shaping the response forward.

Globally, an estimated 39 million people are living with HIV. In 2022, around 1.3 million people acquired HIV and around 6,30,000 people died from AIDS-related causes, said Dr Poonam Khetrapal Singh, the WHO Regional Director for South-East Asia.

In the South-East Asia Region, an estimated 3.9 million people are living with HIV, accounting for around 10% of the global burden.

In 2022, an estimated 1,10,000 people became newly infected with HIV and 85,000 people in the region died of AIDS-related causes. This accounted for over 13% of the global burden of AIDS-related death, Dr Khetrapal Singh said.

Over the past decade, the Southeast Asia Region had substantial progress with a remarkable decline in both HIV and HIV-related deaths. The number of new HIV infections has halved from 2,00,000 in 2010 to 1,10,000 in 2022. Similarly, HIV-related deaths reduced to one-third from 2,30,000 in 2010 to 85,000 in 2022.

Across the region, almost 95% of new HIV infections are among individuals at risk, including sex workers, people who inject drugs, men who have sex with men, transgender people and their partners, Singh said.

In 2022, approximately a quarter of new HIV infections in the region were among young people. In several countries in South-East Asia Region, nearly half of all new HIV infections were reported among young individuals, she said.

To accelerate ending AIDS, communities of individuals at risk of, living with and affected by HIV must be engaged more in shaping effective strategies and interventions.

Empowered communities are necessary in the implementation of the Integrated Regional Action Plan for viral hepatitis, HIV and sexually transmitted infection, she said.

“WHO is calling for action in several key areas. Policymakers and programme managers should welcome initiatives and ensure meaningful engagement of key populations, community organisations and people living with HIV in advocacy, service delivery, policy development, community level monitoring and evaluation to address barriers to quality services.”

Communities, including the young population, should be proactively reached out by policymakers. Young people must step up into the leadership roles in designing, planning, budgeting and implementation of the HIV prevention and care programme, Singh said.

Countries should continue to reform laws, regulations and practices that enable stigma, discrimination, and exclusion, she said, adding that countries must invest in decentralised and integrated primary healthcare services for HIV, viral hepatitis, STI and other communicable and non-communicable diseases to deliver a people-centred service.

“Together, we must accelerate efforts in getting towards the targets of the Sustainable Development Goals, 2030. On World AIDS Day, WHO reiterates its commitment to achieving a region and world in which AIDS is no longer a public health threat, leaving no individual, community or population behind,” she stated.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Telangana Exit Polls 2023: Congress predicted to win

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Telangana Exit Polls 2023: As many as 2,290 contestants are in the fray in the elections, including Chief Minister K. Chandrasekhar Rao, his minister-son K.T. Rama Rao, state Congress President A. Revanth Reddy and BJP Lok Sabha members Bandi Sanjay Kumar and D. Arvind.

Most exit polls on Thursday (November 30) predicted an edge to the Congress in Telangana where K. Chandrashekhar Rao-led Bharat Rashtra Samithi (BRS) has been in power for 10 years.

Jan Ki Baat

Jan Ki Baat forecast that the Congress would get 48-64 seats, the BRS would get 40-55, BJP 7-13, and AIMIM 4-7.

Bharatvarsh Polstrat

Bharatvarsh Polstrat stated that the Congress would get 49-59 seats and the BRS would get 48-58.

India TV-CNX

The India TV-CNX exit poll predicted 63-79 seats for the Congress, 31-47 for the BRS, 2-4 for the BJP, and 5-7 for the AIMIM.

Republic TV-Matrize

Republic TV-Matrize predicted that in Telangana, the Congress would get 58-68 seats, BRS 46-56, BJP 4-9 and AIMIM 5-9.

CNX

CNX’s exit poll has predicted that Congress will win 56 seats, BRS 48, BJP 10, and AIMIM 5 seats.

As many as 2,290 contestants are in the fray in the elections, including Chief Minister K. Chandrasekhar Rao, his minister-son K.T. Rama Rao, state Congress President A. Revanth Reddy and BJP Lok Sabha members Bandi Sanjay Kumar and D. Arvind.

BRS has fielded candidates in all 119 seats. As per the seat-sharing agreement, the BJP and actor Pawan Kalyan-headed Jana Sena are contesting 111 and eight seats, respectively. The Congress has given one seat to its ally CPI and is fighting 118 others. Asaduddin Owaisi-led AIMIM has put up candidates in nine segments in the state.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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ChatGPT Turns One: A recap of breakthroughs, backlash, and billion-dollar bets

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

A year since the launch of ChatGPT, regulatory uncertainty remains, but, OpenAI and other frontier AI labs suggest that what we have seen so far is just the tip of the iceberg.

A year ago, on November 30, 2022, OpenAI introduced generative AI, heralded as the greatest technological leap of our times. ChatGPT, a marvel in machine intelligence, swiftly captivated the world, achieving 100 million monthly users within two months of its launch.

Big tech swiftly recognised the signs, and Microsoft boldly made its third and largest investment in OpenAI, pledging a staggering $10 billion, along with more to dare Google.

But not everyone was on board. An open letter, endorsed by Elon Musk and over 30,000 others, urged a halt on training AI systems surpassing GPT-4 for a minimum of six months, advocating a thorough assessment of risks and challenges.

As predicted in the letter, layoffs began and the global workforce stared at the danger of being replaced with AI—even Hollywood went up in protest.

It was clear that governments needed to build guardrails as the technology was too powerful to be left in the hands of corporations. Testifying before the Senate, OpenAI CEO Sam Altman agreed.

The message resonated, prompting the U.S. Senate to summon big tech leaders to talk policy. Meanwhile, Amazon entered the fray, placing a $4 billion bet on OpenAI competitor, Anthropic.

Read Here | View | One year of ChatGPT: The Hits, the misses, and the future

In the intensifying AI race, establishing a responsible framework gained prominence at the AI Safety Summit in Britain. The Bletchley Declaration, signed by over 25 countries, including India, the U.S., E.U., and China, marked a pivotal step forward.

A year since the launch of ChatGPT, regulatory uncertainty remains, but, OpenAI and other frontier AI labs suggest that what we’ve seen so far is just the tip of the iceberg.

Since its launch last year, ChatGPT-like models have globally transformed the AI landscape. So while India ranks first in AI skill penetration, and boasts of a fifth of the world’s AI talent, as per NASSCOM, the country saw just about $3 billion flow into AI startups in 2022 compared to the US where a whopping $47 billion went into newly formed artificial intelligence firms.

To discuss how far we have come, and what our priorities need to be going forward, CNBC-TV18 spoke to Umakant Soni, Chairman at AIFoundry and Co-founder of AI and Robotics Technology Park; Dhrupal Shah, Co-Founder of STEMpedia and Anuruddh Mishra, Founder of August AI.

For full interview, watch accompanying video

Also Read | OpenAI pauses ChatGPT Plus sign-ups amidst soaring demand

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Upcoming mobile phones in December 2023: From iQOO 12 to Samsung Galaxy M44, check the list

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

As we approach December 2023, the tech world is gearing up for the launch of several new devices. The iQOO 12, Redmi 13C, OnePlus 12, HONOR 100, and Samsung Galaxy M44 are among the most anticipated launches.

As we approach the year-end, December promises an exciting series of tech launches. The iQOO 12, Redmi 13C, OnePlus 12, HONOR 100, and Samsung Galaxy M44 are among the most anticipated launches.

The rapidly evolving tech landscape could make it challenging to stay abreast of the latest offerings. To simplify your search for new gadgets and smartphones, here’s a compilation of upcoming tech launches in December 2003.

iQOO 12

iQOO is set to launch the iQOO 12 in India on December 12. The phone will feature a 6.78-inch 1.5K flat LTPO AMOLED display with a 144Hz variable refresh rate. With up to 1400 nits brightness in HBM mode and a peak brightness of 3000 nits, it incorporates advanced 2160Hz PWM dimming technology. Under the hood, the device is powered by the robust Octa-Core Snapdragon 8 Gen 3 4nm Mobile Platform and Adreno 750 GPU. It offers two RAM options (12GB and 16GB LPDDR5X) and storage choices of 256GB or 512GB (UFS 4.0).

The camera setup is impressive, with a 50MP primary camera (Omnivision OV50H sensor), a 50MP 150° ultra-wide-angle camera (Samsung JN1 sensor), and a 64MP 3x telephoto camera (Omnivision OV64B sensor) supporting up to 100x digital zoom. The phone is equipped with a 16MP front camera.

Redmi 13C

Redmi 13c./Redmiglobal

Redmi has officially announced the arrival of the Redmi 13C in the Indian market, scheduled for launch on December 6. This budget-friendly smartphone from Redmi is poised to create ripples in the competitive ₹10,000 smartphone segment.

As reported by 91Mobiles, the upcoming Redmi 13C might feature a 6.74-inch HD+ display boasting a resolution of 1600 × 720 pixels. The display is expected to offer a smooth experience with a 90 Hz refresh rate and a peak brightness of 450 nits. The smartphone could be powered by a MediaTek Helio G85 chipset, coupled with a Mali G52 GPU for decent graphics performance. The Redmi 13C may offer flexibility with three storage options: 4GB RAM/128GB storage, 6GB RAM/128GB storage, and 8GB RAM/256GB storage.

OnePlus 12

Oneplus 12./oneplus

The highly anticipated OnePlus 12, the successor to the popular OnePlus 11 series, is set to be launched in China on December 4, 2023. Packed with a powerful Snapdragon 8 Gen 3 processor, OnePlus aims to elevate the smartphone experience. While the India launch date is yet to be officially announced, industry expectations suggest a debut with an estimated price tag of Rs 60,000, either next month or in the early months of 2024.

HONOR 100

Honor 100./honorglobal

The HONOR 100 and HONOR 100 Pro made their debut in China on November 23, 2023, and are all set to hit the shelves on December 1. Featuring the latest Snapdragon 7 Gen 3 Chipset, these smartphones promise cutting-edge performance. The buzz suggests that the HONOR 100 series, along with the rumoured HONOR X8B and HONOR X9B smartphones, might make their way to India in December 2023.

Samsung Galaxy M44

Samsung m44./YouTube

Speculations are rife that Samsung is gearing up to unveil the new Samsung Galaxy M44 5G smartphone in India. Some reports suggest that the launch might be just around the corner, possibly in December. According to a 91mobiles report, the phone is expected to be priced at Rs 29,999 in India. The smartphone is expected to come with 6GB RAM and could run on Android 13, according to reports.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Koffee with Karan: Living room blather disguised as a talk show

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The sixth episode of season 8 features Kajol and Rani Mukerji celebrating 25 years of Kuch Kuch Hota Hai with host Karan Johar, who made his directorial debut with the much-loved film.

Imagine being invited to an intimate family dinner where everyone is constantly laughing senseless over an inside joke you don’t have the slightest clue about. The first time, you awkwardly laugh along. The second time, you nod, barely masking your awkwardness hoping there is no third time. But of course, there is. And a fourth, fifth, and on and on it continues like a contagious nightmare. Just when you’re about to lose count, you gather enough courage and walk away. But in the case of Koffee with Karan, you sit through.

With the latest episode featuring Kajol and Rani Mukerji, the celeb chat show has comfortably descended into stubborn nonchalance, not caring in the least about offering entertainment that’s meaningful, engaging, entertaining, or diverse. Considering the enviable space it has carved for itself in the pop-culture zeitgeist over the years, KwK could easily have been all of the above and much more. But six episodes in now, the latest season has shed all pretence. Whatever hopes you may have had of it, you’ve now tossed it down the drain.

Season 8 doesn’t care anymore. In fact, it stopped caring four episodes ago. It’s too snug in its own shiny bubble to want to shift the needle or the conversations or the people it invites. To add to it, the new episode is painfully hellbent on making sense of the present through the lens of the past.

It’s fitting to have invited Kajol and Rani to celebrate 25 years of Kuch Kuch Hota Hai, a film that marked Johar’s directorial debut, catapulted Rani to overnight stardom and cemented the magic that Shah Rukh Khan and Kajol had created with Dilwale Dulhaniya Le Jayenge. It’s just that I expected more substantial talk than incessant howling laughter and inane jibber jabber.

In the 54 minutes, Kajol looks visibly uncomfortable in her mauve off-shoulder gown, spouting Instagram truisms and using her loud, squeaky exterior to bypass every topical question—whether it be her and Rani not sharing a close bond despite being first cousins or the very public fallout that she and Johar had in 2016 during the clash of the release of her husband’s film Shivaay with Johar’s Ae Dil Hai Mushkil. Rani, meanwhile, managed to dish out some details amid all the madness and nostalgia overdose—how she’s ensured that her daughter Adira doesn’t get papped, why she’s not on social media, how she couldn’t do Lagaan because of a certain producer.

This episode is full of painfully long shots of the three laughing over reminiscences and observations that aren’t even funny. One segment has comics and content creators giving their takes on Kuch Kuch Hota Hai. It was a bad idea for they are so real and self-assured, it puts Johar, Rani, and Kajol’s performance in jarring contrast. It bursts the bubble, making it difficult to play along anymore.

If all that three celebs with the world at their feet can talk about are shared memories made a quarter of a century ago, you know they have drifted apart. It’s evident that they’ve done little together since and are now desperately holding on to the remains of some happy times. It’s remarkable how in an hour of chatter, they manage to share nothing new barring the very important detail that season 8 is being shot at YRF Studios. Even then, we still don’t know who is in charge of temperature control.

Read other pieces by Sneha Bengani here.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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US consumer spending moderates in October, jobless claims increase marginally

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Easing labor market conditions were reinforced by a separate report from the Labor Department on Thursday showing initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 218,000 for the week ended November 25.

US consumer spending rose moderately in October, while the annual increase in inflation was the smallest since early 2021, signs of cooling demand that could further strengthen expectations that the Federal Reserve’s interest rate hiking campaign was over.

Consumer spending, which accounts for more than two-thirds of US economic activity, increased 0.2% last month after an unrevised 0.7% gain in September, the Commerce Department’s Bureau of Economic Analysis said on Thursday. Economists polled by Reuters had forecast spending gaining 0.2%.

The moderation in consumer spending followed a brisk growth pace in the third quarter and reflects the impact of higher borrowing costs and depleted excess savings among low-income households. Though wages remain elevated, the pace of increase has slowed from earlier in the year as the labor market eases.

Millions of Americans resumed student loan repayments last month, which could crimp spending next year.

Fears that the economy could slide into recession in early 2024 could see households reluctant to spend and instead build their savings. So far, the economy has defied predictions of a recession, growing at a robust 5.2% annualized pace in the third quarter, the fastest in nearly two years.

Growth estimates for the fourth quarter are mostly below a 2% rate. Most economists expect the economy to settle into a period of very slow growth, and avoid an outright recession.

Inflation as measured by the personal consumption expenditures (PCE) price index was unchanged in October after climbing 0.4% in September.

In the 12 months through October, the PCE price index increased 3.0%. That was the smallest year-on-year gain since March 2021 and followed a 3.4% advance in September.

Excluding the volatile food and energy components, the PCE price index gained 0.2% last month, after rising 0.3% in September. Monthly inflation readings of 0.2% on a sustainable basis are needed to bring inflation back to the US central bank’s 2% target, according to economists.

The so-called core PCE price index advanced 3.5% on a year-on-year basis in October, after increasing 3.7% in September.

The Fed tracks the PCE price indexes for monetary policy.

Subsiding demand and inflation pressures have raised optimism that the Fed is probably done raising interest rates this cycle, with financial markets even anticipating a rate cut in mid-2024. Since March 2022, the central bank has raised its benchmark overnight interest rate by 525 basis points to the current 5.25%-5.50% range.

Easing labor market conditions were reinforced by a separate report from the Labor Department on Thursday showing initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 218,000 for the week ended November 25. Economists had forecast 226,000 claims for the latest week.

Last week’s claims data included the Thanksgiving Holiday. Claims tend to be volatile around holidays. Still, the labor market is cooling in tandem with overall demand in the economy.

The number of people receiving benefits after an initial week of aid, a proxy for hiring, increased 86,000 to 1.927 million during the week ending Nov. 18, the claims report showed. The so-called continuing claims resumed their upward trend, which started since mid-September, after a brief interruption in the prior week.

A combination of loosening labor market conditions and difficulties adjusting the data for seasonal fluctuations following an unprecedented surge in applications for jobless benefits early in the COVID-19 pandemic have pushed continuing claims higher.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Suprajit Engineering targets double digit margins after restructuring of latest acquisition

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The auto parts maker is hopeful that the Norwegian light duty cable business it acquired in April this year will contribute to a bulk of the growth once the integration is complete.

Bengaluru-based auto parts maker Suprajit Engineering expects the recently-acquired Light Duty Cable (LDC) business to help deliver double-digit margin, once the integration and restructuring is complete over the next three to four quarters.

K Ajith Kumar Rai, the Founder and Chairman expects the second half of the year to be good for the domestic cable business. Phoenix Lamps and Electronics divisions will also continue to grow fast with healthy margins.

In an interview in September, Rai projected that bulk of the growth may come from the Norwegian light duty cable business, which was acquired in April this year.

“This year we will have a big spike in our growth thanks to the acquisition of light duty cable (LDC), which will add another nearly ₹700-800 crore of business to us in this financial year,” he told CNBC-TV18. The company’s entire revenue last year was ₹1,840 crore.

Also Read | Suprajit Engineering warns of UAW strike impacting 50% of Mexican plant business — Here’s how the stock reacted

The company recently announced the acquisition of an industrial property encompassing 1,75,000 square feet of land, and buildings measuring 70,000 square feet in the Jigani Industrial Area. Jigani, situated on the outskirts of Bengaluru in Karnataka, is a key industrial hub, strategically positioned near crucial clients of Suprajit.

“We are working on certain new products, which is beyond cables, which we are in the late stage of negotiation with some of our customers for a commercial exploitation. After necessary upgrades and renovations that is required to be done, we are expecting this land to put to use for our non-cable products into commercial production,” he said.

The company currently has a market capitalisation of 5,203 crore.

For more, watch the accompanying video

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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UK antitrust regulator wins appeal over Apple probe

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Apple argued that the CMA had “no power” to launch such an inquiry because it did so too late and the Competition Appeal Tribunal (CAT) ruled in Apple’s favour in March, but the Court of Appeal in London overturned that decision on Thursday.

Britain’s antitrust regulator won an appeal on Thursday against a ruling blocking its investigation into Apple Inc’s mobile browser and cloud gaming services.

The Competition and Markets Authority (CMA) opened a full investigation last year into the dominance of Apple and Alphabet Inc’s Google in mobile browsers, and the possibility of the iPhone maker restricting the cloud gaming market through its app store.

Apple argued that the CMA had “no power” to launch such an inquiry because it did so too late and the Competition Appeal Tribunal (CAT) ruled in Apple’s favour in March, but the Court of Appeal in London overturned that decision on Thursday.

Judge Nicholas Green said in a written ruling that the CAT had “lost sight” of the CMA’s role to “promote competition and protect consumers”.

Sarah Cardell, chief executive of the CMA, welcomed the decision which she said “gives the CMA the backing it needs to protect consumers and promote competition in UK”.

She added that the CMA is ready to reopen the investigation “when the legal process is complete”.

Also Read: Meta’s paid ad-free service is targeted in EU consumer groups’ complaint

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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 5 Minutes Read

Harsha Upadhyaya bets on these two sectors

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Harsha Upadhyaya, CIO at Kotak Mahindra AMC talked about his position on overall market and the sectors he prefers most.

Harsha Upadhyaya believes banking is one of the few sectors that currently offers valuation comfort along with reasonable growth prospects in the medium term.

Besides banking, the President and Chief Investment Officer at Kotak Mahindra AMC also advises a preference for large caps, citing their relatively safer position as opposed to mid and small caps, which currently pose higher valuation concerns and carry inflated earnings expectations.

While Kotak AMC has positions in some IT names, Upadhyaya clarified that it is not an overweight position in the portfolio. He attributed this decision to the patchy business momentum in the overall IT sector, stating that many other domestic sectors are currently offering better growth opportunities.

Also Read | One of India’s oldest fund managers has started a new mutual fund

Upadhyaya also talked about Kotak’s new healthcare fund, focusing on hospitals, pharma, and related sectors. Upadhyaya explained,

“Over the last couple of months, we have slightly increased our overall exposure to pharma. We believe from a medium-term perspective, there is a reasonable amount of traction that we are seeing in terms of a growth rate and probably a good time to build a thematic exposure here.”

Also Read | This fund manager sees ‘complete lack of interest in putting new money in China’

For more, watch the accompanying video

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Centre clears ₹1658.17 crore recovery, reconstruction plan for landslide hit Joshimath

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Uttarakhand’s Joshimath witnessed land subsidence that damaged houses, hotels, homestays, and hotels in January, for which the high-level committee headed by Union Home Minister Amit Shah approved the Recovery and Reconstruction (R&R) Plan on Thursday.

The high-level central committee, under the chairmanship of Union Home Minister Amit Shah, approved the recovery and reconstruction (R&R) plan worth 1,658.17 crore for Joshimath which has been affected by landslide and ground subsidence.

In this R&R plan, the National Disaster Response Fund (NDRF) will provide 1079.96 crore of central assistance from the Recovery and Reconstruction window. The Uttarakhand government will provide 126.41 crore and  451.80 crore from its State Disaster Response Fund (SDRF) and state budget, respectively.

The Ministry of Home Affairs (MHA) has planned to implement a recovery plan for Joshimath over a period of three years using Build-Back-Better (BBB) principles, sustainability initiatives, and other practices. 

The MHA said that the central government had put all the technical agencies under the guidance of the National Disaster Management Authority (NDMA) to help the state government lay out a recovery plan for Joshimath.

The land in Uttarakhand’s Joshimath sank 5.4 cm in the 12 days from December 27, 2022, to January 8, 2023. Residents witnessed cracks in homes and other structures that made it risky for them to live in. The town went from sinking approximately 9 cm over a period of seven months to around 5 cm in 12 days.

The Chamoli district administration had declared Joshimath a land-subsidence zone after over 700 houses developed cracks that forced families to relocate, leaving behind their “dangerous” residences. Several roads, hotels, homestays and hospitals were also affected.

Why did Joshimath witness land subsidence?

While locals blamed the rapid construction drive in the region for the problem—being done to attract tourists and pilgrims as the town falls en route to Badrinath and the Valley of Flowers and Hemkund Sahib treks—experts say it is because of land ‘sinking’ or land subsidence that has induced the structural damage and defects.

Land subsidence is when the earth’s surface gradually settles or suddenly sinks because of the displacement or removal of subsurface materials. Due to this, several pockets of the town are “sinking” as a result of natural and man-made factors, according to a state government-appointed expert committee entrusted to study the phenomenon.
Joshimath falls in a high-risk seismic ‘Zone V’. Civic officials have said the town is prone to high seismic activity, which develops cracks in the structures.
Since the first reports of the cracks in 2021 after landslides in Chamoli, over 500 houses have sustained damage or cracks as residents experienced seismic tremors repeatedly in the subsequent years.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
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Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?