 "Star Health sues Telegram after a hacker leaked sensitive data, raising privacy alarms as Telegram’s safety measures come under scrutiny.")
Star Health has taken legal action against Telegram and a hacker who used the platform to leak sensitive company data. The hacker, known as xenZen, allegedly shared personal information and medical reports of policyholders via chatbots on Telegram. Following a court order in Tamil Nadu, Telegram has been instructed to block any chatbots or websites ...
 "Crude oil prices plunge, prompting hopes for petrol and diesel price cuts in India after a prolonged freeze.")
Recent drops in crude oil prices have provided Indian oil Marketing companies with the opportunity to lower petrol and diesel prices by Rs 2-3 per litre, according to Icra. In September, crude oil prices averaged $74 per barrel, down from $83-84 earlier this year. Despite keeping fuel prices stable since March 2024, Icra suggests that ...
 "Byju’s struggles as the Supreme Court halts NCLAT relief, placing founder Byju Raveendran’s control in jeopardy amid insolvency disputes.")
The Supreme Court has reserved its ruling on a US firm’s appeal against the NCLAT decision that halted insolvency proceedings for Byju’s, the prominent ed-tech company. The court is maintaining the current status until it issues its judgment, preventing any creditor meetings related to Byju’s case in the meantime. Previously, the NCLAT had provided Byju’s ...
 "Hyundai Motor India gears up for an IPO, aiming for a valuation that could surpass market leader Maruti Suzuki.")
Hyundai Motor India (HMI) has received approval from Sebi to launch its initial public offering (IPO), which is expected to happen in early November. The IPO, valued at around Rs 25,000 crore, allows Hyundai Motor Company to sell a 17.5 percent stake in its Indian unit. According to Nomura, HMI might achieve a valuation higher ...
 "Meta Connect unveils Orion AR glasses, a mixed reality headset, and enhanced Ray-Ban glasses, revolutionizing augmented reality experiences.")
At the Meta Connect event on September 25, 2024, Meta, Facebook’s parent company, introduced exciting new augmented reality (AR) innovations. They unveiled the Orion AR glasses, designed with transparent lenses to create a virtual space without hindering vision. These glasses use holographic displays and Meta AI to provide real-time information, like suggesting recipes based on ...
 "US bond yields rise amid profit-taking, while Indian yields hold steady as market anticipates further rate cuts from the Fed.")
Indian government bond yields are expected to slightly increase in early trades as US Treasury yields rise. Despite a recent drop, the prevailing Market sentiment remains bullish due to ongoing expectations of another significant rate cut by the Federal Reserve. The benchmark 10-year yield is projected to fluctuate between 6.72% and 6.76%. Traders anticipate some ...
 "Sri Lanka’s new president, Anura Kumara Dissanayake, ignites nationalist fears, reshaping regional dynamics amid India’s faltering influence.")
Sri Lanka has elected Anura Kumara Dissanayake as its new president, marking a significant shift in the nation’s political landscape. Dissanayake, a nationalist outsider, won against established centrists, showcasing the strength of Sri Lanka’s democracy. His victory comes two years after significant protests led to the resignation of the previous leadership. However, Dissanayake’s rise raises ...
 "CNG vehicles surge in India, outpacing petrol sales, driven by affordability, cleaner emissions, and expanding refueling infrastructure.")
Compressed natural gas (CNG) is rapidly gaining popularity among Indian car buyers, with sales of CNG vehicles rising by 46 percent in the first eight months of the year. This surge comes as petrol vehicle sales declined by 4.5 percent. Factors driving this trend include new car launches, increased CNG fueling stations, and manufacturers focusing ...
 "The Nifty IT and Auto indices face bearish trends, prompting a “sell on rise” strategy amid escalating market pressures.")
The Nifty IT Index is currently showing a bearish trend, with a potential sell-off if it closes below 41,600. Traders should consider adopting a “sell on rise” strategy to navigate the expected downward pressure, with key support levels at 40,750, 38,925, and 37,500. Meanwhile, the Nifty Auto Index appears overbought and may face a correction ...
 "India’s labor market remains stagnant with 3.2% unemployment, overshadowed by rising self-employment, amidst evolving regulatory challenges and international agreements.")
The recent Periodic Labour Force Survey report for July 2023 to June 2024 shows that India’s unemployment rate remains steady at 3.2 percent, unchanged from the previous year. However, the report reveals significant challenges in the labor Market, including a growing trend of self-employment, with over half of the workforce categorized as “own account workers” ...
