Newsletter | PM Modi at G20 Summit; Surge in thematic mutual funds; Snapcha’s teen safety features & more
Maharashtra Elections 2024 Live: Will shut down MMRDA if it hurts Mumbai’s interests, warns Uddhav Thackeray
Congress’ Maharashtra in-charge Ramesh Chennithala on Sunday (November 17) asserted the Maha Vikas Aghadi (MVA) will get a “clear majority” on its own and there would not be any need for anyone to crossover from the other side.
He also claimed that the ruling Mahayuti was plagued by “internal dissensions” with the BJP looking to “finish off” allies.
In an interview with PTI, Chennithala also said Prime Minister Narendra Modi’s ‘ek rahoge toh safe rahoge’ and Uttar Pradesh Chief Minister Yogi Adityanath’s ‘batenge toh katenge’ slogans have “failed” as they were against the ethos and culture of Maharashtra.
Explained — The 7% surge in shares of NALCO, Vedanta, Hindalco post China’s latest move
Metal names like NALCO Ltd., Vedanta Ltd., and Hindalco Ltd. surged as much as 7% on Monday, November 18, after China announced its latest measures over the weekend.
China announced that the export tax rebate for Aluminium and Copper products will be withdrawn with effect from December 1, 2024.Earlier, exports of Aluminium and Copper in China were eligible for a 13% tax rebate.China’s aluminum industry historically has exported significant amounts of the metal as semi-finished products, which are used in value-added manufacturing or simply re-melted into commodity-grade shapes.
PM Modi arrives in Brazil to attend G20 Summit
Prime Minister Narendra Modi arrived in Brazil on Monday (November 18) on the second leg of his three-nation visit, during which he will attend the G20 Summit.
Modi arrived in the South American country after wrapping up a “productive” visit to Nigeria, where he held bilateral talks with President Bola Ahmed Tinubu and interacted with the Indian community.
Announcing Modi’s arrival in Brazil, the Ministry of External Affairs (MEA) said in a post on X, “Prime Minister Narendra Modi lands in the vibrant city of Rio de Janeiro, Brazil, to attend the G20 Brazil Summit.” It also shared pictures of Modi’s welcome at the airport.
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Ashwini Vaishnaw tears into social media cos being ‘irresponsible’, ‘dangerous’ on disinformation, algorithmic bias
The Minister of Electronics and IT, and Information and Broadcasting (I&B), Ashwini Vaishnaw, has called for revisiting the safe harbour protection granted by law to social media companies. Flagging concerns about disinformation, Vaishnaw suggested that the provisions, which exempt social media companies from liability for user-generated content, were framed in the 1990s and are now in need of debate.
Speaking on the occasion of National Press Day, the minister emphasised the need for greater accountability, highlighting the challenges posed by fake news and disinformation. Vaishnaw said, “Since the social media companies don’t take responsibility for what is posted on the platform, who will take responsibility?”
Snapchat rolls out new teen safety features for Family Center
Snapchat is enhancing its parental tools with new location-sharing features aimed at improving safety for teens and their families. The updates, which will roll out over the coming weeks, expand the app’s Family Center—an in-app hub that offers resources and controls for parents and caregivers.
Live Location Sharing Made Easy
One of the standout features is that it allows parents to request live location sharing from their teens via the Family Center. The process is simple: parents send a request, and once teens opt in, they can share their location in real-time. Parents can also choose to share their own location back, ensuring everyone in the family stays connected while on the move.
Read here
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Gold prices set for worst week in more than three years: What investors need to know
Gold prices experienced a slight dip on Friday (November 15), with the precious metal headed for its worst week in over three years. Spot gold was trading at $2,562.61 per ounce, down 0.1%, and had fallen more than 4% throughout the week.
The precious metal had previously hit a two-month low, marking a decline of over $220 from its record high last month. US gold futures also edged lower by 0.2%, standing at $2,567.10.In India, the price of 10 grams of 24-carat gold in Delhi stood at ₹75,813, witnessing a decline of ₹1,200 from earlier rates.
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Surge in thematic mutual funds: A closer look at emerging investment opportunities
The surge in inflows into thematic funds is capturing the attention of both seasoned and new investors. Nikhil Rungta, Co-CIO of Equity at LIC Mutual Fund, shares his insights on what’s driving this trend, which sectors are benefiting, and how investors can manage risks in the rapidly growing thematic fund space.
Thematic funds gain popularity amid strong economic growthThe rise in thematic fund inflows is largely fueled by India’s robust economic performance and investor interest in specific growth sectors.”Investors are eager to capitalise on emerging trends and growth sectors,” says Rungta. “Themes tied to India’s economic growth, such as manufacturing, infrastructure, and technology, have become particularly appealing.”
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Redefining Equality Part 3: Decoding stress and worry — a gender perspective
On a typical Monday morning, an office buzzed with the usual pressures of deadlines and shifting priorities. One employee sat at her desk, tension evident, switching between the task at hand and checking the phone for a text, murmuring about the demands piling up at work and the kid’s exam on the same day. Nearby, another colleague faced the same client crisis, resigned to ‘whatever will be, will be’ and brushing off the unpredictability with a casual remark about how such challenges were just part of the job.
Such contrasting reactions to stress are a familiar sight in workplaces and households alike. The truth is, these behavioural patterns are far more common than we may care to admit. Are these differences shaped by societal roles, inherent tendencies, or perhaps both? Are women simply ‘wired for worry’, or is there something deeper at play?
How to solve India’s energy storage challenge in the green transition: An FSG perspective
India’s energy revolution is gathering momentum, driven by bold targets of reaching 500 GW non-fossil-based energy capacity by 2030 and meeting half of all its energy requirements through renewable energy. Already, solar arrays dot the landscape in many areas, wind turbines stand tall in coastal regions, and the share of renewables in the nation’s energy mix grows.
But the clean energy transition has revealed a critical shortfall — a lack of adequate energy storage capacity to manage the inherent intermittency of solar and wind energy. As India scales up renewable energy generation, it needs innovative, large-scale energy storage solutions that can help maintain grid stability and ensure a consistent supply of clean energy.
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Young Turks Reloaded With Kunal Bahl & Rohit Bansal, Co-Founders Of Snapdeal & Titan Capital
