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

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

The 15 per cent Y-o-Y growth in November came despite weak external conditions

Shares of Dixon Technologies sprinted 9.5 per cent and hit a fresh 52-week high of Rs 6,034.75 apiece on the BSE

Dixon Technologies

These are tactics used by online platforms to manipulate or heavily influence customers to make certain choices

digital business

The Gurugram-based fintech firm is working with DAM Capital Advisors Ltd and SBI Capital Markets Ltd for preparations for its listing

Mobikwik

Bloomberg

The fund is buying the stake as Spain's Ferrovial sells down its 25 per cent holding

Heathrow Airport

The Supreme Court on Wednesday noted that Kerala Governor Arif Mohammed Khan has taken decisions on eight bills and asked him to meet Chief Minister Pinarayi Vijayan along with the minister concerned to discuss the bills, saying let us hope that some political sagacity takes over.
A bench headed by Chief Justice D Y Chandrachud took note of the submissions of Attorney General R Venkataramani, appearing for the office of the governor, that out of eight Bills, seven have been reserved for consideration by the President, while one has been assented by Khan.
The top court, meanwhile, permitted the state government to amend its plea to seek issuance of guidelines for the governors on grant or decline of assent to the bills passed by the assembly in a time-bound manner.
We will record that the governor will discuss the matter with both the chief minister and the minister in charge and related to the Bill..., the bench said.
Let us hope that some political sagacity takes over the state an

Kerala Governor,  Arif Mohammad Khan

Press Trust of India

The High Court of Karnataka on Wednesday allowed Deputy Chief Minister D K Shivakumar to withdraw his appeal against a single judge order over the issue of sanction to the CBI to prosecute him in assets case.
The court allowed the deputy CM to file a memo seeking to withdraw the appeal filed by him challenging the earlier order.
The single judge bench had refused to quash the sanction granted by the previous government to the CBI to prosecute him.
Senior advocate Abhishek Singhvi who appeared on video conference arguing for Shivakumar said that since the sanction that is under challenge has been withdrawn by the incumbent government, the issue has become infructuous and therefore he has instructions to withdraw it.
"The practical issue is very simple. The Writ is filed challenging a sanction. Today, the sanction under challenge is withdrawn. Somebody will challenge, some will not (the sanction) but that is not of concern today. It (Appeal) is infructuous. It is liable to be allowed

D K Shivakumar

Rahul Dravid will likely accompany Team India for three T20Is, as many ODIs, and two Test matches in South Africa. ICC T20 World Cup 2024 in June will be the next big assignment for Dravid

Rahul Dravid

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

Gautam Adani, Adani

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

Murthy said that over the years, he has transformed from a 'confused leftist' to a 'determined compassionate capitalist'

Narayan Murthy

An Indian national was on Wednesday charged here by federal prosecutors in connection with his participation in a foiled plot to assassinate a Sikh separatist on American soil.
Nikhil Gupta, 52, has been charged with murder-for-hire, which carries a maximum sentence of 10 years in prison, and conspiracy to commit murder-for-hire, which carries a maximum sentence of 10 years in prison, US Attorney for the Southern District of New York Matthew G. Olsen said.
US authorities said Gupta agreed to pay an assassin USD 100,000 to kill the Sikh separatist leader living in New York City.
"On or about June 9, 2023, CC-1 and GUPTA arranged for an associate to deliver USD 15,000 in cash to the UC in Manhattan, New York, as an advance payment for the murder," according to the charges.
The indictment has not named the US citizen but The Financial Times, citing unnamed sources, last week reported that US authorities thwarted a plot to assassinate banned Sikhs for Justice's Gurpatwant Singh Pannun,

pannun, Gurpatwant Singh Pannun

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

Vice President Jagdeep Dhankhar on Saturday lamented that retired judges have kept the arbitral system of the country in a "tight fist grip", denying chance to other qualified minds.
He suggested that the time has come when we need to introspect and move forward by bringing about necessary changes, including, if required, by legislation.
"Nowhere on the planet, in no other country, in no other system, there is such tight fist grip on the arbitral system by retired judges. In our country, this is at large," he said.
He also lauded the "bold" remarks of Chief Justice of India D Y Chandrachud -- a person, he said, is changing the landscape of judiciary in the country -- on the arbitral system in India.
Dhankhar said the CJI reflected on the lack of diversity in appointing arbitrators. Chandrachud, Dhankhar quoted, had said retired judges dominate the field.
"He goes on to add, and I salute him for this, he said while other qualified candidates are overlooked, he implied this reflects

Jagdeep Dhankhar

Amid several exit polls suggesting that the Congress will have an advantage over the ruling BRS in Telangana, counting of votes polled in the November 30 Assembly elections will be taken up at 8 AM on Sunday.
It will be clear whether the voters preferred the Chief Minister K Chandrasekhar Rao-led regime for a third term or the "six guarantees" by the Congress worked made any miracles or the BJP's BC chief minister 'mantra' wooed the electors or if there will be a fractured verdict, by tomorrow evening.
As many as 2,290 contestants are in the fray in the elections, including BRS supremo Chandrasekhar Rao, his minister-son KT Rama Rao, TPCC president A Revanth Reddy and BJP Lok Sabha members Bandi Sanjay Kumar, D Arvind and Soyam Bapu Rao.
The BRS fielded candidates in all 119 seats. The BJP and Janasena contested in 111 and 8 seats respectively in a pre-poll pact while the Congress gave one seat to its ally CPI. The Asaduddin Owaisi-led AIMIM has put up candidates in nine segments in

Voting, Election, polls, Voting day

West Bengal Governor CV Ananda Bose has welcomed the Supreme Court's verdict on the role of the governor, who is the ex-officio chancellor of state-run universities, in the appointment of vice-chancellors, asserting the apex court has clarified the legal position of the chancellor in the matter.
The Supreme Court, while hearing a case pertaining to the reappointment of Kerala's Kannur University vice chancellor, said the governor is not a mere titular head and in the selection of VCs, he is the sole judge and his opinion is final in all respects. By virtue of his office as the ex-officio chancellor, he is not bound to act under the advice of the council of ministers.
"The Supreme Court has clarified the legal position of the chancellor in the appointment of VCs... the Chancellor is the authority to appoint VCs. The court made it very clear that the state government of any state should keep off university administration, particularly in the appointment of VCs," Bose told reporters her

Supreme Court (Photo: Wikipedia)

Tremors were felt in various parts of West Bengal as an earthquake of 5.6 magnitude hit neighbouring Bangladesh on Saturday morning.
According to the National Center for Seismology, the earthquake took place in southeastern Bangladesh at a depth of 55 km at 9.05 am.
"Earthquake of Magnitude: 5.6, Occurred on 02-12-2023, 09:05:31 IST, Lat: 23.15 & Long: 90.89, Depth: 55 Km, Location: Bangladesh, India," the NCS said on X.
West Bengal Disaster Management Department said that as of now, no damage has been reported from anywhere in the state.
"We are yet to get the final report. As of now, there is no report of any damage due to the quake," an official told PTI.
Officials of the Kolkata Police and the Kolkata Municipal Corporation also said no damage to life or property was reported from the eastern metropolis.

Earthquake, quake

Flight UK954 and Flight UK928 from Mumbai to Delhi (BOM-DEL) were diverted to Jaipur, said Vistara Airlines in a series of posts on X

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Retired judges keeping country's arbitral system in tight fist grip: VP

Fate of BRS, Cong in T'gana to be unsealed as vote count to begin tomorrow

Bengal guv welcomes SC verdict on chancellor's role in appointment of VCs

Tremors felt in Bengal as 5.6 magnitude earthquake hits Bangladesh

Three Delhi-bound Vistara flights diverted due to low visibility at airport

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