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Mumbai: Bollywood actor and producer John Abraham has snapped up a luxury property in the tony Khar area of the megapolis for over Rs 75 crore, according to sources. The 51-year-old actor-producer who is also an astute investor in many realty projects and companies apart from being a sports enthusiast, lives in a sea-facing penthouse on the Hiten Apartments on the Shirley Rajan Road in Bandra West.

Last year saw a stream of dismal headlines about kids’ mental health. Children and teens in the US are struggling with higher levels of depression and anxiety. Rates of suicides and eating disorders are on the rise.

This column appears on the second working day of the new year, and, as is customary, it tries to discern the path ahead. Amid the known-unknowns, some developments look almost certain. It is fair to say that the world will continue to be influenced by geopolitical shifts and conflicts in the first quarter of 2024.

Growth and potential: India’s economic growth story is compelling. Its GDP has grown at a steady more than 7% in US dollar terms, outpacing most countries. This growth translates to strong corporate earnings, with Nifty 50 firms posting 22% profit growth over the past 3 years in compound annual growth rate terms.

John Abraham has purchased a 13,138 sqft luxurious bungalow with two floors in Mumbai’s Khar for over ₹75 crore. The bungalow is located at Khar's Linking Road, one of the biggest retail high streets in Mumbai. The deal came to light through property registration documents obtained by IndexTap.com.

-A tsunami measuring under one metre (3.3 ft) reached South Korea's east coast in the wake of a massive earthquake that hit Japan on Monday -The first tsunami to reach South Korea's coast was 67 cm (2.2 ft) but authoriites warned it may increase in size after the initial waves and may continue for more than 24 hours -North Korea issued tsunami warnings for its coast of possible waves of more than 2 metres, South Korea's Yonhap news agency reported, citing the North's state radio. -Russian officials issued a tsunami alert for the island of Sakhalin, warning that areas across the island's west coast could be affected by the waves. -Tsunami waves over a metre (three feet) high crashed into the coast after the 7.6-magnitude quake, and more, up to five metres high, were possible within 300 kilometres of the epicentre, US and Japanese weather agencies said.

Past Lives' will soon be available for live streaming in the US. Its makers are upbeat after it got a 96% critic approval rating from Rotten Tomatoes and earned the right to be one of 2023's top ten films by the American Film Institute and the National Board of Review. The film made its debut at the 2023 Sundance Film Festival before being launched in US theaters in limited release on June 2.

Paula Abdul, renowned Grammy-winning entertainer and former judge on hit television shows like “American Idol” and “So You Think You Can Dance,” has taken legal action against Nigel Lythgoe, the executive producer of these popular programs. Allegations of sexual assault, harassment, gender violence, and negligence form the basis of a lawsuit filed recently in Los Angeles County Superior Court, as reported by CNN. The lawsuit, made public on Saturday, delineates two distinct incidents involving Abdul, occurring in the early 2000s and in 2015, respectively. The complaint details the events, where Abdul accuses Lythgoe of forceful physical advances.

Isro) on Monday placed an X-ray Polarimeter Satellite (XPoSat) in an orbit 650 km from Earth, in a successful start to a mission to study astronomical x-ray sources and blackholes. «A great start to 2024 thanks to our scientists! This launch is wonderful news for the space sector and will enhance India's prowess in this field. Best wishes to our scientists at Isro and the entire space fraternity in taking India to unprecedented heights,» Prime Minister Narendra Modi said in a post on microblogging platform X.

₹66135 crore in Indian equity markets during December 2023 meant that FPI were buyers worth ₹1.7 trillion ( ₹171107 crore) in the equity market during the year 2023 as per NSDL data. “Since 2024 is expected to witness further declines in U.S. interest rates, FPIs are likely to increase their purchases in 2024 too, particularly in the early months of 2024 in the run up to the General elections", as per Dr VijayaKumar, Chief Investment Strategist at Geojit Financial Services.

BSE Sensex, scaled new peaks. This was driven by positive domestic as well as global newsflow. For one, the Reserve Bank of India raised its gross domestic product growth forecast for FY2024 to 7% from 6.5% after September-quarter (Q2FY24) growth came in better than expected.

BSE from March 12 is aimed at destroying" India’s economic system, Pannun was quoted by News 18 as saying. According to the report, Pannun, a designated ‘terrorist’ in India, called for dumping Indian stock and purchasing American stock before March 12. "He also identified banks and corporates that trade internationally among the targets, the report added.

Fyllo said it is in talks to partner corporates such as Coromandel International and Dhanuka Agritech among others to widen their reach through a large set of farmers with their strong channel and forces on the ground. The company said revenues tripled this year driven by new products such as Nero and building channel partners to boost sales. It expects sales to grow four times in 2024. «We have a strong product market fit with 100% customer retention.

China's first domestically built cruise ship set sail on its maiden voyage from Shanghai on Monday, a sign of the nation's growing prowess in sophisticated construction as it seeks self-sufficiency in key technologies. The Adora Magic City left port on its first commercial cruise late afternoon, en route to South Korea and Japan.

Pig butchering scams, a rapidly growing criminal activity involving online romance, fake crypto investments, and human trafficking, have been plaguing US citizens, resulting in significant financial losses. 

The US Navy headquarters reported sinking three small boats affiliated with Houthi militants in the Red Sea, according to military officials. This occurred as a response after a US warship answered a distress call from a merchant vessel in the region. The incident involved a Maersk container ship being targeted by Houthi forces at approximately 6.30 am local time, facing an attack from four small Houthi boats. Reuters quoted accounts by American, Maersk, and Houthi officials stating that US helicopters repelled an attack by Iran-backed Houthi militants on a Maersk container vessel, sinking three boats and killing 10 militants.

The year 2023 has been marked by major global economic shocks such as the Russian-Ukraine war, NATO tension, stressed US-China relations, energy and food crisis, cyber-attacks, and climate risk. These shocks have led to significant geo-political reorientation. It has also resulted in an impending economic downturn in western economies, placing the global economy in a very vulnerable position. COVID-19 is another polarizing issue with many economic and social ramifications. India’s GDP and economic growth rate have also been adversely affected by these global tensions.

Cybersecurity firm TAC Security on Monday said the company is exploring capital raising options, including an initial public offering (IPO) in early 2024. It is also eyeing a revenue of Rs 100 crore by 2026. Beeline Capital Advisors Private Limited has been appointed the exclusive book running lead manager for the proposed IPO, the company mentioned.

US prosecutors have decided  not to pursue the remaining charges  against Sam Bankman-Fried, including allegations of foreign bribery and bank fraud. 

Hero MotoCorp, known for its budget-friendly commuter and mid-range motorcycles, is making a significant shift towards the premium, sporty motorcycle segments. The company has recently teased its upcoming release, a 440cc motorcycle, scheduled for launch on January 22.