Acquist News at a Glance 05/06/24 (Pointers Business Forum Special Edition)
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Acquist News at a Glance
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Wednesday 5th June 2024
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Pointers Business Forum Special Edition
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Famous Personality Born Today: Adam Smith (5 June 1723 – 17 July 1790) was a Scottish Economist and Philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics” or "The Father of Capitalism”, he wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776).
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His Quote: “Science is the great antidote to the poison of enthusiasm and superstition.”
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Numbers of the Day
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??USD 83.46
?? GBP 106.61
?? Euro 90.82
?? Gold 72,650 ??10 gm 24 (Kt)
?? Silver 91,700 ??Kg
? Petrol 104.21/Ltr
? Diesel 92.15/Ltr
*all values in INR as of Today
*as per Mumbai
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BSE Sensex 72,491.94
NIFTY 22,018.60
*all values in INR as of Today
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????National
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????Air Force's Sukhoi jet crashes in Maharashtra's Nashik: Report : A Sukhoi fighter jet of the Indian Air Force or IAF crashed in Nashik district of Maharashtra on Tuesday, news agency PTI, citing police, reported. The pilot and co-pilot ejected safely, special inspector general of Nashik Range DR Karale told PTI.
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????Election results 2024: BJP down from 77 to 55 on reserved seats as Congress, SP make windfall gains : Results from the 2024 Lok Sabha elections, The Election Commission of India has declared results for 542 of the 543 Lok Sabha constituencies, with the BJP winning 240 seats and the Congress 99.
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????After Bengal, Left loses grip in its south bastion : The Left, which ruled West Bengal and Tripura for decades together, stared at an existential crisis after failing to bring home even a single Lok Sabha seat in these two states, with the only saving grace being Kerala, where the Communist Party of India candidate K Radhakrishnan won a lone Alathur seat.
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????NIA arrests another accused in Praveen Nettaru murder case : The National Investigation Agency (NIA) on June 4 arrested another accused in the Praveen Nettaru murder case from Mumbai airport while he was allegedly trying to flee abroad. The accused Riyaz Yousaf Haaralli alias Riyaz is the 19th accused arrested in the case. His arrest comes less than a month after absconder Mustafa Paichar was nabbed along with Mansoor Pasha
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????Will complete probe into Delhi excise policy by July 3: CBI, ED tells SC : The Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) committed in the Supreme Court on Tuesday to complete their investigations and file final charge sheets in the Delhi excise policy case by July 3.
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????Jammu & Kashmir: Omar Abdullah, Mehbooba Mufti accept their defeat : Former Jammu and Kashmir chief minister Omar Abdullah conceded his defeat from the Baramulla Lok Sabha seat and expressed his good wishes to independent candidate and former legislator Engineer Abdul Rashid who is currently lodged in Tihar jail on UAPA charges.
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????Smriti Irani, Arjun Munda, Rajeev Chandrashekhar among 13 losing Union Ministers : BJP heavyweights Smriti Irani, Arjun Munda, Ajay Mishra Teni and Kailash Chaudhary were among the 13 Union Ministers who tasted defeat in the 2024 Lok Sabha elections, as stunning losses in three Hindi heartland states forced the BJP to rely on allies to form the government.
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????India's May palm oil imports reach 4-month high on price drop-dealers : India's palm oil imports rose by 12.4% in May from the previous month to reach the highest level in four months as the recent correction in prices led to higher purchases, five dealers told Reuters.
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??International
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??South Korea to suspend a military deal with North Korea after tensions over North's balloons : South Korea’s government approved the suspension of a contentious military agreement with North Korea on June 4, a step that would allow it to take tougher responses to North Korean provocations.
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??After guilty verdict, Trump will appear on the ballot in the last Presidential primaries of 2024 : Donald Trump's name will appear on the ballot on June 4 for the first time since his historic conviction on felony crimes as a handful of states hold the last Republican Presidential primary contests of 2024.
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??Biden takes a big swing at hostage-for-truce deal, puts onus on Israeli, Hamas officials to step up : President Joe Biden is looking past resistance from key Israeli officials as he presses Israel and Hamas to agree to a three-phase agreement that could immediately bring home dozens of Israeli hostages, free Palestinian prisoners and perhaps even lead to an endgame in the nearly eight-month-old Gaza war.
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??G7 leaders 'fully endorse' Joe Biden's Gaza peace plan : Leaders of the Group of Seven (G7) major democracies "fully endorse and will stand behind the comprehensive" ceasefire and hostage release deal for the Gaza war outlined by US President Joe Biden and call on Hamas to accept it, a statement said.
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??UK poll predicts biggest ever Labour party win : Britain's opposition Labour party could be on the path to the biggest election victory in its history, pollsters YouGov said, predicting a thumping 194-seat majority.
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领英推荐
??Slovenia becomes latest European country to recognize a Palestinian state : Slovenia recognized a Palestinian state on June 4 after its parliament voted overwhelmingly in favour of the move, following in the recent steps of three other European countries. Slovenia’s government endorsed a motion last week to recognize a Palestinian state, and sent the proposal to the parliament for final approval, which was needed for the decision to take effect.
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??Sunak and Starmer clash over tax and health in a debate as disruptor Farage roils the UK election : British Prime Minister Rishi Sunak and opposition Labour Party leader Keir Starmer sparred on June 4 over tax, the cost of living and the country’s creaking health system in an inconclusive televised debate ahead of a July 4 election expected to make one of them the country's next leader.
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??US to comment only after final results from India elections: State Department : The United States will wait for the final results from India's general elections to offer a definitive comment, the US State Department has said.
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??Tech
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??China's spacecraft carrying rocks from the far side of the moon leaves the lunar surface : China says a spacecraft carrying rock and soil samples from the far side of the moon has lifted off from the lunar surface to start its journey back to Earth. The ascender of the Chang’e-6 probe lifted off on June 4 morning Beijing time and entered a preset orbit around the moon, the China National Space Administration said.
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??With its top editor abruptly gone, The Washington Post grapples with a hastily announced restructure : The struggling Washington Post found itself in turmoil following the abrupt departure of the newspaper's executive editor and a hastily announced restructuring plan to stop an exodus of readers over the past few years.
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??TSMC says it has discussed moving fabs out of Taiwan, but such a move impossible : Taiwanese contract chipmaker TSMC has held talks with its customers about whether to move its fabrication plants off the island amid increased tensions with China, although such a move would be impossible, a senior executive said on Tuesday.
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??Microsoft to lay off hundreds at Azure cloud unit: Report : Microsoft is cutting hundreds of jobs at its Azure cloud unit, Business Insider reported, adding to a flurry of layoffs seen in the technology and media industries this year. The layoffs will impact teams including Azure for Operators and Mission Engineering, according to the report. The Azure for Operators layoffs involve as many as 1,500 job cuts, it added, citing people familiar with the situation.
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??Sports
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??Bidding farewell to football legend Sunil Chhetri : In Indian football, Sunil Chhetri has played saviour over the course of his 19-year international career. It’s the end of an era, as the Indian captain hangs up his boots after an illustrious career.
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??T20 World Cup 2024: Farooqi's maiden five-wicket haul seals 125-run win for Afghanistan over Uganda : Fazalhaq Farooqi's exuberant spell blew away Uganda as Afghanistan marched to a 125-run win in their Group C match of the ongoing T20 World Cup 2024 at the Providence Stadium. While defending 183, Farooqi's ferocious pace in the first over sealed Ronak Patel and Roger Mukasa's trip back to the pavilion on two consecutive deliveries.
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??Coco Gauff and defending champion Iga Swiatek will meet in the French Open semifinals : Coco Gauff and defending champion Iga Swiatek will meet in the French Open semifinals after victories on June 4.
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??Rohan Bopanna picks Sriram Balaji as his partner for Paris Olympics : World number four Rohan Bopanna has picked N Sriram Balaji, who impressed with his performance at the French Open, as his partner for the Paris Olympics and All India Tennis Association (AITA) is unlikely to have any objection to the choice made by the veteran player.
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Sources:
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The Indian Express
The Hindu
The Telegraph
Economic Times
Times of India
CAN
NDTV
Financial Express
Hindustan Times
Good Returns
Reuters
The New York Times
Bloomberg Quint?
NBSPL