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Asia-Pacific stocks fell even after China’s manufacturing data bounced back to expansion territory. To top news from India, Bihar has become the first state to release data from a caste-based survey. What does the report indicate? Nobel Prize in Medicine was awarded to Katalin Karikó and Drew Weissman for enabling development of effective mRNA vaccines against Covid-19. In this edition of Newspresso with Stacy Pereira, we bring you these and more stories from across the globe.
Meta has unveiled its brand new Mixed reality headset-Quest 3. It is set to hit the markets on October 10, 2023 and comes with a set of significant changes. Watch to know more!
United States Presidential candidate Vivek Ramaswamy, who is currently travelling the length and breadth of the country to win the trust of the common man in different states, shared a video on X (formally twitter) where he was speaking to one of the Indian origin supporters in Tamil. Vivek proudly showed off his Indian roots. Watch for more!
Switzerland is home to more than half of the glaciers in the Alps. The glaciers in Swiss have suffered their second-worst melt rate this year after record 2022 losses. The glaciers haver shrunk their overall volume by 10% in the last two years. It means they lost as much ice in two years as in the three decades before 1990.
On Thursday, stock prices experienced an uptick as Wall Street aimed to recover from significant losses earlier in the month. This month and quarter have presented challenging conditions for stocks, with the Dow expected to conclude September down by 3% and the quarter by over 2%. Amid the diplomatic tensions between India and Canada regarding the killing of Khalistani terrorist Hardeep Singh Nijjar on Canadian soil in June this year, S Jaishankar, India's External Affairs Minister, has met with US Secretary of State Antony Blinken in Washington . The esteemed actor Michael Gambon, renowned for his depiction of Hogwarts headmaster Albus Dumbledore in six out of the eight Harry Potter films, has passed away at the age of 82. Catch Stacy Pereira as she brings your daily dose of Newspresso
The crude oil prices have experienced a significant increase, reaching a peak not seen in 10 months and surpassing $90 per barrel. This surge is attributed to the concerted efforts of Saudi Arabia and Russia to limit oil supply by withdrawing barrels from the market, resulting in a depletion of oil stocks. the Armed Forces (Special Powers) Act, known as AFSPA, was renewed for an additional six months in Manipur. The Bengaluru performances of comedian and TV show host Trevor Noah have been called off. Noah, initially scheduled to perform in Bengaluru on the evening of September 27th, made this announcement earlier on his social media platform, X. Catch Stacy Pereira as she brings your daily dose of Newspresso.
The US Federal Trade Commission has filed an antitrust lawsuit against Amazon. They say that Amazon is harming consumers by keeping prices high artificially, and also claims that the company is not letting rivals compete fairly. This in fact is not the first time the state has sued the online retailer - watch for more details
Indian equity market ended another lacklustre session on a flat note with a negative bias on September 26. Overall, the benchmark indices traded within the previous day's range and the trading range narrowed compared to the previous session, indicating the possibility of a sharp move on either side of the trade in the coming sessions. On the higher side, the Nifty may face resistance at 19,800, while in case of correction, it may get support at 19,600-19,500 levels, experts said. The BSE Sensex declined 78 points to 65,945, while the Nifty50 dropped 10 points to 19,665. The broader markets had a mixed trend, with the Nifty Midcap 100 index falling 0.2 percent and Smallcap 100 index rising 0.6 percent. This morning global cues are largely negative with Wall Street clocking steep losses and Asian markets trading fixed in early trade. GIFT Nifty, too, is hinting at a negative start. Among stocks in the spotlight are Vedanta, Infosys, Suzlon and Nestle. Two new listings to watch out for today: Sai Silk and Signature Global. Catch Nandita Khemka in conversation with Hemen Kapadia, Senior Vice President, Institutional Equity, KR Choksey Securities and Nirav R Karkera, Head - Research, Fisdom.
Wall Street falls sharply as its September slump gets worse. The Wall Street saw a sharp drop for stocks. The S&P tumbled 1.5% for its fifith loss in six days. Bollywood legend Waheeda Rehman to win India's most prestigious award, DadaSaheb Phalke Award. Catch Stacy Pereira live on Newspresso to know more.
India's External Affairs Minister S Jaishankar Addresses the United Nations General Assembly. Amid rising tensions between Canada and India, What will his speech convey? Watch Live.
On September 24, NASA’s space capsule returned to Earth with the largest-ever soil sample of an asteroid named Bennu. The space capsule landed in its designated area in the desert of Utah’s Salt Lake City. This mission concludes NASA’s seven-year mission. The soil sample weighs about 250 grams and will be transported to the Space Center. But what will happen next with the Asteroid Sample? Watch this video to find out.
The e-commerce giant, Amazon will invest upto $4billion in a San-Francisco based AI firm, Anthhropic. This move will give a push to Amazon's AI and it would compete with rivals including Microsoft and Google. OpenAI, the startup behind ChatGPT has announced roll-out of new features where ChatGPT can see, hear and speak. Watch Stacy Periera live on Newsresso to know more.
On Friday, the Union of Auto Workers or UAW announced an expansion of its strike against Detroit automakers General Motors and Chrysler parent Stellantis. The strong demands from the Union include a 40% raise in pay over the four years of contract. Indian benchmark indices Nifty 50 and Sensex ended in the red for fourth day in a row on Friday. Nifty ended below 19,700. India hosted its first-ever MotoGP Grand Prix from September 22-24th. Watch Stacy Periera live on Newspresso to know more.
Prime Minister Narendra Modi attends and addresses the Nari Shakti Vandan-Abhinandan Karyakram at the BJP HQ.
In today's edition of Newspresso these are the stories that you need to watch out for; Fed's forecast of yet another hike this year sends bond yields surging. the U.S. benchmark 10-year Treasury yield popped 15 basis point to hit a high of 4.498%, its highest level since 2007. Furutres tied to Wall street averages trade in the negative. Now, onto the next, Moneycontrol reported back in May and now it's confirmed. Glenmark Pharma has agreed to sell a 75% stake in its subsidiary Glenmark Life Sciences to Nirma Group for Rs.5,651 cr. And to everything that is breaking the internet. Congress leader Rahul Gandhi wore a coolie shirt & hauled luggage at the Anand Vihar station in Delhi. But why? Watch Newspresso with Stacy Pereira for more details on these stories and much more.
In today's edition of Newspresso these are the stories that you need to watch out for; FOMC left interest rates unchanged yesterday indicating that it still expects one more hike before the end of the year and fewer cuts. While moving on to India Insights where Byju's announced a top-level exit. The ed-tech firm said Byju’s announced that veteran Arjun Mohan will take charge as the new CEO. And bringing you the latest from what is making the trends; amid the tensions between India and Canada, Punjabi singer & rapper Shubh’s tour in India has been cancelled. Watch Newspresso with Stacy Pereira to get all the latest global updates.
World leaders are gathering in New York for the United Nations General Assembly. U.S. President Joe Biden and Ukrainian President Volodymyr Zelenskiy are using the event to continue their push for international war support, but partisan politics in Washington may also loom.
The Nasdaq and the S&P 500 hit their lowest in over three weeks as treasury yields rose ahead of the U.S' FOMC meet outcome. While back at home, a special parliament session kicked off yesterday. The first bill to be introduced in the new parliament was "Nari Shakti Vandan Adhiniyam" will provide one-third of the reservation to women in the Lok Sabha and State Assemblies. Moving onto the trends segment; a week after the launch Apple continues to trend on the internet. This time, Apple got trolled for its plastic packaging of cookies at the launch event. What is this all about? Watch this edition of Newspresso with Stacy Pereira to know more.
Canadian PM Justin Trudeau levelled serious allegations against New Delhi over the death of Khalistan supporter Hardeep Singh Nijjar, that took place in June 2023. India has rejected these claims, calling them “absurd” and “unsubstantiated”.
What's the story behind Lab Grown Diamonds that has suddenly seen a spurt in demand. Not only do retailers earn a margin of close to 60% on lab grown diamonds versus the 34% on natural diamonds they are also 60-85% cheaper than natural diamonds. In fact, India's market share in global market in 2021-22 was 25.8% and the Market for lab grown diamonds is poised to grow by 2860% in the next 5 years. On this Episode of Commodities Corner Manisha Gupta speaks with Shashikant Shah, Chairman - Lab Grown Diamond & Jewellery Promotion Council.
The Canadian government is examining a visa cap on international students to curb its housing crisis. Canada's appeal to international students, especially those from India, stems from certain factors including high-quality education and employment opportunities making it a top choice for those seeking to immigrate. Watch this video to know how it will affect the Indian students?
A video of an US cop has gone viral on internet. The cop, who is said to be Seattle Police Officers’ Guild Vice President Daniel Auderer can be heard laughing & making insensitive remarks about an Indian student who was ran over by the same police officer in Seattle in January. Indian student, Jaahnavi Kandula, from Andhra Pradesh was killed in Seattle, USA while crossing the street after she was hit by a police vehicle in the South Lake Union neighbourhood. This video has now created an outrage all over social media and India has strongly reacted to this. Watch for more.
In this edition of Newspresso, watch out for these stories; ECB raised interest rates for the 10th time in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy. The central bank for the 20 countries that use the euro lifted its deposit rate to 4% from 3.75%. In other news, Former State Bank of India Chairman Rajnish Kumar was appointed as chairman of Mastercard India. And onto the trends; with re-runs gaining momentum, "Takeshi’s Castle" is making a comeback on Prime Video with YouTuber and actor Bhuvan Bam, replacing the legendary commentary of Jaaved Jaaferi. Watch this edition of Newspresso with Stacy Pereira for the latest news updates across the globe.
North Korea’s leader Kim Jong Un visited Russia to meet President Putin travelling by a distinctive bulletproof train called Taeyangho. Kim Jong Un, his father, and grandfather, used the same train to visit China and Russia. Live lobsters, lady conductors, and conference rooms are some of the features of the train. Watch the video to know more about the bulletproof train.
ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 14 September 2023 at 14:45 CET in Frankfurt am Main.
France bans sale of iPhone 12. A French watchdog cited breaches of European Union radiation exposure limits. The move increased the possibility of other bans across Europe. France's national frequency agency said it would send agents to Apple stores and other distributors to make sure the model was no longer being sold, adding that a failure to act would result in the recall of iPhone 12s already sold to consumers. But Apple has defended its product and said that iPhone 12 does meet regulation standards. Watch this video to know more.
Indian equity market has hit a fresh high, reinforcing the fact that India is a bright spot in the global economy. Global markets, however, are on a topsy turvey path as a lot hinges on the Fed’s action in the upcoming policy meetings of September and November. The latest US CPI print shows that US consumer prices have risen by the most in 14 months in led by a surge in gasoline cost, but the annual rise in underlying inflation was the smallest in nearly two years. The mixed US inflation data has raised expectations that the US Federal Reserve may keep interest rate hikes on hold next week but a hike in the November policy could still be on the anvil. Will this prolong the rate hike cycle in US and are the Indian markets decoupling from their global counterparts as they continue to smash record highs? In this episode, catch Moneycontrol’s Senior Markets Editor N Mahalakshmi in an exclusive conversation with Mark Matthews of Bank Julius Baer.
Canadian Prime Minister Justin Trudeau left India 36 hours after the G20 summit concluded. As per his schedule, he was meant to fly on Sunday, September 10 but the mechanical snag grounded him
After a day of consolidation, the market gained momentum with the Nifty50 closing above psychological 20,000 milestone for the first time on September 13. This was largely attributed to the rally in banking stocks. Hence, the bulls seem to be wanting to stay in the game, which can take the Nifty50 to 20,200-20,500 levels in coming days if the index holds 19,900-19,800 as an immediate support area, experts said. The BSE Sensex rose 246 points to 67,467, while the Nifty50 climbed 77 points to end at new closing high of 20,070. The broader markets also rebounded after a day of sharp correction. The Nifty Midcap 100 index gained 0.2 percent and Smallcap 100 index rose 1 percent as the market breadth was positive with 2:1 ratio. This morning global cues are mixed but the GIFT Nifty is hinting at a fresh record for the Nifty. Stocks in the spotlight are Adani Group, Bombay Dyeing and IndiGo among others. Meanwhile, the initial public offer (IPO) of FinTech-SaaS company Zaggle Prepaid Ocean Services and Samhi Hotels will kick off for subscription today. Catch Nandita Khemka in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One and Market expert Prakash Diwan.
In this edition of Newspresso, watch out for these stories; The August CPI reading isn’t expected to change the Federal Reserve’s course at its policy meeting beginning Sept. 19. Moving onto, India; Kerala has been put on a virus alert after the state recorded cases of the highly infectious Nipah virus. So far three people have succumbed to the virus. Moving onto trends, the Mexican Congress became the epicentre of intrigue as "non-human" alien corpses were showcased before a captivated audience. What is this all about? Watch this edition of Newspresso with Stacy Pereira to find out.
On the sidelines of the G20 summit, global leaders announced the ambitious India-Middle East-Europe economic corridor. This trade route will allow India to export goods quickly and efficiently to Europe. The corridors will be connected with a ship-rail transit network. How will this be executed? And how is it different from China’s Belt and Road Initiative? Watch this video to find out.
Libya Floods: About a quarter of Libya's eastern city of Derna was wiped out after dams burst in a storm, the administration in the area said on Tuesday, and the Red Cross said 10,000 people were feared to be missing across the country in the devastating floods. Turkey and other countries rushed to send support to Libya, including search and rescue vehicles, rescue boats, generators and food. The internationally recognised government in Tripoli does not control eastern areas.
Nitin Gadkari speaks exclusively to Moneycontrol, says the much-awaited Mumbai expressway will be ready by December 2023. He speaks speaks on India’s G20 triumph, saying that the global biofuel alliance will help reduce air pollution. Watch the full interaction!
ISRO is now working on its next space mission - Gaganyaan. This mission will be the first space mission to take an Indian to space in a fully equipped and crafted Indian spaceship. Several tests are being performed to make sure this space mission is a hit. ISRO has also confirmed the involvement of a humanoid robot - Vyommitra. This robot will be sent to space before the ISRO crew to test and confirm the safety of the Indian astronauts. Watch to know more!
In this edition of Newspresso, watch out for these stories; It was another day of losses for Wall-Street. The Nasdaq Composite was particularly hard-hit, declining 1% as tech names came under pressure. Meanwhile, India released its CPI data yesterday. India’s retail inflation rate eased to 6.83% in August from a 15-month high of 7.44% in July 2023, mainly due to a slide in prices of food items. Onto the most exciting launch of the year! At the Apple event, the new iPhone 15 series and Apple Watch were announced. The iPhone 15 series. The first iPhone with an aerospace‑grade titanium design. A17 Pro, a game-changing chip. A customisable Action button. For more details with India's pricing for the iPhone series watch this edition of Newspresso with Stacy Pereira.
Are the latest smartwatches from Samsung the best Android offerings out there? The Galaxy Watch6 Classic brings back the rotating wheel and offers a bigger screen. Watch Roobina Mongia's hands-on review of the Galaxy Watch6 and Galaxy Watch6 Classic!
After Pathaan, Shah Rukh Khan’s latest film Jawan has managed to evoke wild reactions from fans across the country. Breaking old records and setting new benchmarks Jawan has collected more than Rs 287 crore in just 4 days in India and Rs 500 crore worldwide. So, let’s take a look at 5 such records that Jawan has broken.
Morocco witnessed its deadliest earthquake on September 8, 2023, which has killed over 2,000 people. Amidst several lives lost, parents of an 8-year-old boy narrated the heart-wrenching events of one of the deadliest earthquakes in Morocco that killed their son. Watch to know more.
In today's edition of Newspresso, here's what you can look forward to. Nifty crossed 20k for the first time. The Sensex too added 528 points to close above the 67,000 level. And to news from the startup space. In a surprising move, Byju's, India's most-valued startup, has offered to repay the entire $1.2 billion term loan B. Moving on to the phenomenal India vs Pakistan match where India beat Pakistan by 228 runs! Watch this edition of Newspresso with Stacy Pereira only on Moneycontrol.
In today's edition of Newspresso here's what you can look forward to. From global news updates; a 6.8-magnitude earthquake hit Morocco on Friday. Many residents in Morocco's historic city of Marrakesh have been left homeless after a powerful earthquake. Moving on to India Insights big news coming in from G20 Summit where PM Modi unveiled a connectivity corridor for economic integration between India, the Middle East and Europe. And moving on to the trends sector Djokovic won the US Open title. This is his fourth US Open title and 24th Grand Slam title. For more watch this edition of Newspresso with Stacy Pereira only on Moneycontrol.
Chandrayaan-3 has found its mention at the G20 summit's Bharat Mandapam venue. Maharashtra stall at Crafts Bazaar made a Chandrayan model from bamboos to signify sustainability. Shanti Devi, a National Award-winning Madhubani painting artisan showcased Chandrayaan-3 in a Madhubani painting too. Watch for more!
G20 Summit Live: President Droupadi Murmu and Prime Minister Narendra Modi welcomed world leaders for gala dinner at Bharat Mandapam in New Delhi. Watch.
From the ongoing Ukraine war to a clean and green planet, G20 leaders put forth the New Delhi Leaders' Declaration. it demonstrates India’s ability to bring all leaders to the table and drive a consensus. What all have the leaders agreed upon and what remains unsaid? Catch Shweta Punj in conversation with Arvind Gupta, Head and Co Founder, Digital India Foundation; Mohandas Pai, Former CFO Infosys and V Anantha Nageswaran, Chief Economic Advisor, Govt of India.
The US President Joe Biden arrived in Delhi for the G20 Summit. While in Delhi for the summit, President Biden will travel in ‘The Beast, a state-of-the-art car that makes it the safest in the world. President Biden travels across the world in this car. What are the features of this car? And why is it the safest in the world? Watch!
Tune in as officials brief on the developments of the first day of G20 Summit in New Delhi.
A Crafts Bazaar has been set up in Bharat Mandapam at Pragati Maidan on the sidelines of the G20 Summit in New Delhi. From pavilions displaying handicrafts of all states to musical entertainment, this exhibition is all set to promote Made in India products on a global stage and open up new economic and market opportunities for local artisans. Watch a tour of Crafts Bazaar on Moneycontrol.
Global leaders arrive at Bharat Mandapam
Delhi is beautifully adorned for the grand G20 summit in India. In Chandni Chowk enthusiastic traders are waiting for business opportunity from the event. Their excitement is evident as they have recruited translators proficient in English and French to assist foreign visitors. Dealers believe that implementing these measures will enhance communication with international guests.
The day before the 18th G20 Summit of Heads of State and Government in New Delhi, United Nations Secretary-General António Guterres held a press conference to emphasize the objectives of his visit and the key points he intends to convey to the assembly of global leaders.
India’s G 20 presidency positions India as the voice of the global south. It also effectively paves the way for the inclusion of the African Union - making G 20 into G 20 plus 1. Watch Moneycontrol's Shweta Punj in conversation with K C Singh- Former Diplomat and Strategic Affairs Expert and Madan Sabhnavis—Chief Economist, Bank of Baroda.
