Even if no statistical jugglery is afoot, the "noise" in India's GDP numbers should be eliminated in order to hear the underlying music without distortion, writes T N Ninan

Economic growth, GDP

Business Standard

Moves by Washington to enforce the price cap strictly by opening investigations into five tankers transporting Russian oil has created concerns among refiners and traders

oil, export, trade, crude oil,

Nifty hits fresh record high: Since September 15, automobile and energy linked stocks have outperformed the markets

Nifty, market, sensex, stocks, investors, growth

November was a blockbuster month for the Nifty index, which rose 5.5 per cent, the most since July 2022

Sensex, Nifty, stock market, BSE, NSE

Closing Bell on Friday, December 1, 2023: The Nifty 50 index scaled a new peak of 20,291.55 in the intraday trade

Sensex leaps 493 pts, Nifty ends at record closing high of 20,268

Hamas released 12 hostages and Israel released 30 Palestinian prisoners on Tuesday, the fifth day of a fragile cease-fire that has enabled humanitarian aid to flow into Gaza and that mediators hope to extend even as Israel pledges to resume the war.
Israel said 10 of its citizens and two Thai nationals freed by Hamas returned to Israel. Soon after, Israel released the Palestinian prisoners. The truce is due to end after one more exchange Wednesday night.
CIA director William Burns and David Barnea, who heads Israel's Mossad intelligence agency, were in Qatar, a key mediator with Hamas, to discuss extending the cease-fire and releasing more hostages, a diplomat said on condition of anonymity because of the sensitivity of the talks. A US official confirmed Burns was in Qatar, speaking anonymously because the director's travel plans are not publicised for security reasons.
US Secretary of State Antony Blinken is set to visit the region this week, also with an eye to extending the ...

Israel-Hamas, Israeli airstrike, Gaza Strip

Press Trust of India

The Delhi Real Estate Regulatory Authority withdrew its September order directing sub registrars not to register properties in violation of building bylaws, hours after its top brass met Lt Governor V K Saxena on Tuesday, officials said.
Earlier in the day, Saxena met the chairman and members of Delhi RERA along with the chief secretary and divisional commissioner at Raj Niwas over the issue.
"The LG impressed upon and requested the RERA to revisit its order in view of the hardship it is causing to common people in Delhi," said a Raj Niwas official.
A fresh order issued by Delhi RERA secretary stated, Considering the various facts on record, the Authority has decided to withdraw its order dated 11.09.2023 with immediate effect."
During the meeting with RERA chairman and members, the LG brought to their notice the "acute problems and harassment" being faced by the residents of Delhi in a wide ranging discussion regarding the "repercussion of its order", the Raj Niwas official said.

V K Saxena

Kamboj further condemned the deaths of civilians and emphasised that that is clearly unacceptable

Amb Ruchira Kamboj

The deal comes after Reuters reported on Tuesday that Alipay was planning to sell its 3.4% in Zomato through block deals on the Indian stock exchanges

Zomato is now allowing its users to build multiple carts at one time

Reuters

An elevator suddenly dropped around 200 metres (656 feet) while carrying workers to the surface in a platinum mine in South Africa, killing 11 and injuring 75  14 of them critically, the mine operator said.
It happened Monday evening at the end of the workers' shift at a mine in the northern city of Rustenburg. All the injured workers were hospitalised.
Mine operator Impala Platinum Holdings CEO Nico Muller said in a statement on Tuesday that it was "the darkest day in the history of Implats". He said an investigation had begun into what caused the elevator to drop and the mine had suspended all operations on Tuesday.
Minister of Mineral Resources and Energy Gwede Mantashe said there would be a government investigation into the tragedy. He visited the mine and was briefed, the government said.
All 86 workers killed or injured were in the elevator, Implats spokesperson Johan Theron said. Some of the injured had "serious compact fractures", he said. Theron said the elevator dropped .

Elevator, Lift

Adani is now the 19th richest person in the world, with a net worth of $66.7 billion

Gautam Adani, Adani

The Central Drugs Standard Control Organisation (CDSCO) and state drug inspectors have been conducting inspections as part of a massive nationwide crackdown on spurious and substandard medicines

pharma, medicine, drugs

At a cabinet briefing, Anurag Thakur said that the extension will cost the exchequer Rs 11.8 trillion

Anurag Thakur

Axis Mutual Fund on Wednesday launched a manufacturing fund and has set a target of collecting at least Rs 2,500 crore during the offer period.
The Axis Bank subsidiary which competes with 44 other players, is also eyeing around Rs 3 lakh AUM by the end of this fiscal, given the market rally.
The fund house opened the year with an AUM (assets under management) over Rs 2.25 lakh crore.
The open-ended equity scheme represents the manufacturing theme and opens for subscription from December 1 and closes on December 15.
The fund will track Nifty manufacturing index and will be managed by Shreyash Devalkar and Nitin Arora, the company announced here.
If 10 per cent of the investment is redeemed/switched within 12 months from the date of allotment there will be no exit load, while for the remaining investment there will be a 1 per cent charge, B Gop Kumar, managing director & chief executive of the fund house said.
On the overall AUM target for the year, Kumar said the growth has been

mutual funds, MFs

With a market cap of almost $48 trillion US is by-far the world's largest equity market. Followed by China ($9.7 trillion) and Japan ($6 trillion)

Stock market, BSE

Markets regulator Sebi has slapped a penalty of Rs 3 lakh on India Ratings and Research for certain lapses.
Sebi and the Reserve Bank of India conducted a joint inspection of the entity from August 22 to 29, 2022, and the period covered under the inspection was from August 1, 2021, to June 30, 2022.
In its order, Sebi said the inspection findings brought out two instances where the entity was not complying with the requirements of the regulator's circular.
The Securities and Exchange Board of India (Sebi) imposed the fine of Rs 3 lakh after taking into various mitigating factors, including that issuers and debenture trustees did not inform the rating agency about delay/ default on the payment of the NCDs (Non Convertible Debentures), investors were institutional investors and were adequately informed about the risks involved in the NCDs.
According to Sebi, there was a delay by the rating agency in recognition of a default done by Altico Capital India, and another instance was the .

SEBI

NATO Secretary-General Jens Stoltenberg says he has told Turkiye's president that the time has come to let Sweden become a member of the military alliance.
Turkiye and Hungary are the only NATO countries that have not yet formally approved Sweden's accession bid.
Stoltenberg told The Associated Press that he urged Turkiye to finalise the process as he met with President Recep Tayyip Erdogan on Friday on the sidelines of the COP28 climate summit in Dubai.
I met with President Erdogan this morning and I reiterated my message that the time has come to finalise the accession process for Sweden, he said.
Turkiye has delayed ratification for more than a year, accusing Sweden of not taking Turkiye's security concerns seriously enough, including its fight against Kurdish militants and other groups that Ankara considers to be security threats.
An apparent breakthrough happened at a NATO summit in July when Erdogan said he would submit accession documents to Parliament, but a debate on the 

NATO

The hotel has spent close to Rs 250 crores in renovation. These changes - a homage to the past while future proofing the hotel - have been made to cater to the evolving needs of patrons

Taj Mansingh hotel

The request for information was done under the EU's Digital Services Act (DSA), new tech rules requiring Big Tech to do more to police illegal and harmful content on their platforms

The hearing follows reporting by the Wall Street Journal that Facebook understood the negative effects its photo-sharing app, Instagram, has on young users, including anxiety, depression and suicidal thoughts, and yet downplayed the research.

Instagram

Broadcom, whose other operations include making chips used by companies including Apple Inc. and Alphabet Inc.'s Google, will report earnings next week

Displaying categorized search results for share-holding-pattern

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Sebi slaps fine of Rs 3 lakh on India Ratings and Research for lapses

NATO chief tells Erdogan 'time has come' to let Sweden join the alliance

A nod to the old and the new at iconic Taj Mansingh hotel in Delhi

Meta asked to clarify measures against child sexual abuse by Dec 22

Broadcom to cut almost 1,300 VMware jobs in California after takeover

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