Acquist News at a Glance 31/05/24 (Pointers Business Forum Special Edition)

Acquist News at a Glance 31/05/24 (Pointers Business Forum Special Edition)

Acquist News at a Glance

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Friday 31st May 2024

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Pointers Business Forum Special Edition

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Famous Personality Born Today: Walter Whitman Jr. (May 31, 1819 – March 26, 1892) was an American Poet, Essayist, and Journalist. He is considered one of the most influential poets in American history. Whitman incorporated both transcendentalism and realism in his writings and is often called the father of free verse.

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His Quote: “Keep your face always toward the sunshine - and shadows will fall behind you.”

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Numbers of the Day

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??USD 83.27

?? GBP 105.94

?? Euro 90.08

?? Gold 72,760 ??10 gm 24 (Kt)

?? Silver 96,400 ??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 74,426.82

NIFTY 22,635.55

*all values in INR as of Today

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????National

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????India calls killings in Rafah ‘heartbreaking’, reaffirms Palestinian statehood amid European moves: India on Thursday reaffirmed its long-standing support for Palestinian statehood following the recent recognition of Palestine by Ireland, Norway, and Spain. Ministry of External Affairs spokesperson Randhir Jaiswal highlighted India's historical support for Palestinian statehood and a two-state solution.

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????J&K: 3 Lieutenant Colonels among 16 booked for attacking Kupwara police station: Three Army Lieutenant Colonels and 13 others have been booked in a case of attempt to murder and dacoity over their alleged involvement in an attack on the Kupwara Police station, PTI reported on Thursday.

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????22 UP pilgrims die, 57 hurt after bus rolls off Jammu highway, falls in gorge: At least 22 pilgrims including nine women and two children died and 57 others injured after a bus from Uttar Pradesh’s Hathras spun off a road and fell into a deep gorge in Jammu district’s Akhnoor area on Thursday, officials said.

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????Chhota Rajan convicted for murder of Mumbai hotelier Jaya Shetty: A Mumbai court on Thursday held gangster Chhota Rajan guilty for the murder of hotelier Jaya Shetty in 2001. The court will likely pronounce the quantum of sentence later in the day.

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????Assam floods: Three dead, over 41,000 people affected due to heavy rains: At least three people were dead — two in Cachar and one in Karimganj district — and 41,719 people affected as incessant rains, in the aftermath of cyclone Remal, resulted in the increase in water levels of several rivers across Assam on May 30.

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????Monsoon sets in over Kerala and northeast earlier than forecast: The Southwest monsoon set in over Kerala on Thursday, a day ahead of its forecast onset. The India Meteorological Department had earlier said that the monsoon would set in by May 31.

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????Manipur floods: 3 dead, thousands affected amid heavy rains triggered by cyclone: Cyclone Remal triggered heavy rains and floods across multiple northeastern states this week, including Manipur. Three people died and thousands were affected due to floods in Manipur's Imphal valley region, triggered by heavy rains, Officials said on Thursday.

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???? Arvind Kejriwal moves Delhi court seeking regular bail: Delhi Chief Minister Arvind Kejriwal on May 30 moved a court in New Delhi seeking regular bail in a money laundering case related to the alleged excise scam. Special Judge Kaveri Baweja is likely to take up the matter later in the day.

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??International

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??UAE looking to expand scope of trade under CEPA with India: official: The United Arab Emirates is looking to expand the scope of trade and services covered under the Comprehensive Economic Partnership Agreement (CEPA) with India to further accelerate bilateral trading volume, a senior UAE official said on May 30. India and the UAE signed the historic CEPA on February 18, 2022, to further boost bilateral trade and economic ties.

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??Ship attacked by Yemen's Houthi rebels was full of grain bound for Iran, the group's main benefactor: A Greek-owned, Marshall Islands-flagged bulk carrier that came under attack by Yemen's Houthi rebels earlier this week had a cargo of grain bound for Iran, the group's main benefactor, authorities said on May 30.

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??Early results in South Africa's election show ANC losing majority: The African National Congress appeared on course to lose the parliamentary majority it has held for 30 years, partial results from South Africa's national election showed, in what would be the most dramatic political shift since the end of apartheid.

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??US travel chaos: Thousands stranded due to Southwest Airlines system outage: Southwest Airlines experienced significant travel disruptions across the United States due to a computer system outage, marking the second major incident of this kind within four months. The glitch, which was attributed to a firewall failure, forced the Federal Aviation Administration (FAA) to ground all Southwest flights temporarily, affecting thousands of travellers.

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??Hong Kong court convicts 14 pro-democracy activists in the city's biggest national security case: A Hong Kong court on May 30 convicted 14 pro-democracy activists in the city’s biggest national security case under a law imposed by Beijing that has all but wiped out public dissent.

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??Russia says neutralised 13 Ukrainian aerial drones: Russia's Defence Ministry on May 30 said it neutralised 13 Ukrainian aerial drones in the southern Krasnodar region and close to the annexed Crimean peninsula. On May 30 morning, "five Ukrainian aerial drones were shot down by anti-aircraft defence systems in the Krasnodar region," the Ministry said in a statement.

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??Gaza war may last till end of 2024, warns Israel amid Rafah offensive: After sparking global outrage for its airstrikes in Rafah, Israel has warned that the war in Gaza may extend for at least seven more months.

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??Mexican Mayoral candidate Alfredo Cabrera shot dead at campaign rally: “An aspiring Mayor was shot dead in southern Mexico during a campaign rally,” the Guerrero State Governor said, the latest in a string of attacks ahead of weekend elections.

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??Tech

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??Botnet that infected over 19 million IP addresses dismantled; one Chinese national arrested: A botnet that compromised millions of Windows computers worldwide has been dismantled, while alleged mastermind YunHe Wang, 35, was arrested, said the US Department of Justice in an official notice. The 911 S5 botnet, as it was known, involved over 19 million unique IP addresses with 613,841 such addresses in the US itself.

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??India’s smart TV shipments falls 14%, demand for large screen TVs continues: India’s smart TV shipments declined 14% yoy (year-on-year) in Q1 2024, due to muted demand, increased input costs, which led to a reduction in offers and promotions, excess inventory build-up, and reduced demand for smaller-screen smart TVs, noted Counterpoint.

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??Sports

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??Praggnanandhaa defeats World No. 1 Carlsen for first time in a classical game at Norway Chess tournament: Indian Grandmaster R. Praggnanandhaa claimed his maiden classical game victory over world number one Magnus Carlsen to take the sole lead in the Norway Chess tournament.

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??New York promises unprecedented security for India-Pakistan clash following terror threat: New York's Nassau County will have unprecedented security arrangements in place for the T20 World Cup clash between India and Pakistan on June 9 due to the threat of a terror attack even though state Governor Kathy Hochul insisted that it is not credible "at this time." The Eisenhower Park Stadium at the Nassau County will host eight matches of the tournament-proper, including India's three outings.

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??French Open 2024: Daniil Medvedev through to third round as Kecmanovic retires injured: Daniil Medvedev cantered into the French Open third round when his Serbian opponent, Miomir Kecmanovic, retired due to injury on May 30. World number 57 Kecmanovic called on the trainer when he was trailing 6-1 5-0 on court Suzanne Lenglen on another humid, grey day in Paris.

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??Treesa-Gayatri upset World No. 2 Baek-Lee; Sindhu goes down to Marin at Singapore Open: ?PV Sindhu suffered yet another setback against Carolina Marin, but the rising Indian women's doubles pair of Treesa Jolly and Gayatri Gopichand stunned world number two Baek Ha Na and Lee So Hee of South Korea to enter the quarterfinals at Singapore Open in Singapore on May 30.

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From the House of Acquist:

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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

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