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The recent resignation of University of Pennsylvania President Liz Magill was a rarity in higher education—outside forces had stormed up the ivory tower and dethroned a leader. It was an uprising years in the making. The events that unfolded were, on their face, about inconsistently applied free-speech protections and antisemitism, after the presidents of Penn, Harvard University and Massachusetts Institute of Technology failed to say unequivocally that calls for genocide of Jews would violate their school’s harassment policies during disastrous congressional testimony.

Both the NSE Nifty 50 index and BSE Sensex rose about 2.3% in the week, extending gains for the seventh consecutive week, marking their longest winning run since January 2018. IT companies, drawing a significant share of their revenue from the US, rallied 7.16% this week, logging their best week in 26 months. Here's how analysts read the market pulse: «The prevailing sentiment appears strongly in favor of the bulls, as indicated by the absence of any reversal signals on the technical charts. Resistance is observed at 21,500, while a potential further rally in the Nifty could occur upon breaching this level.

Svalbard archipelago in the Arctic, but snowmobile excursions to see them have come to a halt since the war in Ukraine. «We used to work with Russian permafrost scientists and hydrologists in the Barentsburg region. This doesn't happen now,» the British scientist told AFP. «We're sad that we can't use this basis for collaboration, but we're not at all happy with the actions of the Russian government, obviously,» he said at his office at Longyearbyen University in the archipelago's capital. Although a part of Norway, the islands have long had a strong Russian presence.

Dalal Street, and market experts see them riding indices further higher in the near term. Last week’s rally was driven largely by foreign inflows, which will be essential for a sustained up-move in the market. After the 7% gains clocked in by Nifty 50 so far in December, technical charts, however, suggest that the market has entered into an overbought zone, and some cooling off to that extent is warranted. “From a technical standpoint, the Nifty is maintaining its bullish momentum, marked by a breakout from a flag formation. The immediate target stands at 21,700, with the possibility of further upward movement to 22,000, although some consolidation may follow,” said Santosh Meena, head of research, Swastika Investmart. On Friday, the Nifty 50 ended at a record closing high of 21,456.65 points with 1.3% gains. While the outlook for the secondary market remains positive, the action is likely to be more in the primary market as a plethora of IPOs are scheduled to hit the Street. Here are a few other factors that will drive the momentum for markets in the coming week.

Also Read: Over 45 smallcaps rise 10-30% as Sensex crosses 71,000-mark; do you own? As a culmination of these factors, the Nifty 50 soared to an all-time high of 21,492 points on Friday, concluding the week with a robust rally of 2.32%. 37 out of the 50 constituents of Nifty 50 ended the last week in green. HCL Technologies led the pack with an impressive rally of 9.3%, reaching ₹1,491 apiece and achieving a record high of ₹1,497.

Salaar advance booking: In a resounding success at the box office, the much-anticipated film "Salaar" has amassed substantial ticket sales and earnings across multiple languages. According to the latest report, the film, produced by Vijay Kiragandur of Hombale Films, has created a buzz with its impressive performance in Telugu, Malayalam, Tamil, Kannada, and Hindi. Described as an "extraordinary tale of rebellion filled with power-packed action and impactful music" by Hombale Films, Salaar's casts include Shruti Haasan, Tinu Anand, Eshwari Rao, Jagapathi Babu, Sriya Reddy, and Garuda Ram.

artificial intelligence (AI) gains prominence among businesses, in the past week alone, at least two reports were published that focused on its impact on Indian enterprises, highlighting the significance of process automation and generative AI as key investment catalysts. The first Automation Now & Next report was by US-based software firm Automation Anywhere. Along with independent research and analysis firm Foundry, looked at actions, experiences, and projections of more than 1,000 decision-makers, C-level executives, business leaders, automation leaders and practitioners across industries and regions over two months. The report underscored three topics – AI, productivity improvements and scalability.

gains for the seventh consecutive week, marking their longest winning run since January 2018. Specifically, the BSE benchmark jumped 1,658.15 points or 2.37 per cent on the week, while the Nifty climbed 487.25 points or 2.32 per cent. Global cues triggered foreign capital inflows into Indian markets after the US Federal Reserve signalled the end of its tightening cycle.

With the Fed signaling rate cuts for 2024, yesterday was another good day for markets, with the Russell 2000 (IWM) cashing in on its resistance pressure with a 3%+ gain. In doing so, it easily surpassed the August swing high on higher volume accumulation.

The recent choice to raise the transaction limit on the Unified Payments Interface (UPI) to ₹5 lakh specifically for hospitals and educational institutions marks a substantial move in enhancing UPI’s versatility and convenience for handling larger transactions. This adjustment is poised to bring advantages to both institutions and individuals.

UN has told the Security Council, in a veiled reference to Pakistan. India's Permanent Representative to the UN Ambassador, Ruchira Kamboj, made the remarks on Friday at the Security Council open debate on Small Arms.

Kashmir can be very depressing. In 2005, after the POK earthquake, I led a team on behalf of the UN to support the post-earthquake reconstruction. Visiting Muzaffarabad and villages around POK was an eye opener: no one spoke Kashmiri.

Lok Sabha Speaker Om Birla sought to draw a distinction between the recent incident of security breach in Parliament and suspension of opposition MPs, saying that there is «no association» between the two. Three days after two visitors jumped from the visitor's gallery into Lok Sabha chamber, Birla wrote a letter to all the MPs that a high-level committee has been constituted for an «in-depth investigation» of the incident and another high-level panel for reviewing security of the Parliament complex. In the two-page letter, Birla cited various similar incidents that happened in the past, including when some MPs carried pepper spray in the House. He underlined that on all such occasions, the House expressed collective resolve against such incidents. He reiterated that it is Parliament's responsibility to formulate a detailed action plan on security measures in accordance with MPs' suggestions. Talking about the suspension of MPs, Birla said linking it with breach of security was 'unfortunate' while asserting that there is «no association» between the two. On December 14, a day after the security breach, 13 MPs all belonging to opposition parties were suspended from Lok Sabha for disrupting the proceedings of the House.

Permanent Committee for Human Rights in the UAE, in cooperation and partnership with the General Women's Union and the UN Women Liaison Office for the Gulf Cooperation Council in Abu Dhabi, organised an event titled "Climate Change and Ways to Mitigate Gender-Based Violence" at the Women's Pavilion at COP28. Jamal Al Musharakh, the UAE's Permanent Representative to the United Nations and other international organisations in Geneva, delivered the opening speech and stressed that COP28 UAE placed the issue of women and gender equality in the context of climate action as a top priority. Furthermore, he added that the conference's allocation of a full day of the presidential programme to confront this issue underscored the criticality of elevating the role and participation of women in tackling climate change. The conference presidency was also keen to enhance the skills of national cadres and support the presence of women in its various activities, adding that the UAE negotiating team included many young talented women specialized in climate diplomacy and international negotiations, which affirms Emirati women's active role in achieving UAE sustainability. He maintained that the UAE is active internationally in addressing climate change, and as a member of the Human Rights Council, and in partnership with the United Kingdom, submitted a draft resolution on girls' education that was adopted by the Council at its 54th session without a vote.

Residential solar is gaining traction in the U.S., with about 4.5 million homes now with solar rooftops

The U.S. military says an American warship shot down 14 suspected attack drones over the Red Sea on Saturday

On December 4, the Singapore government revealed its ambitious National AI Strategy 2.0, an evolution of its first AI strategy introduced in 2019. This updated strategy delineates a comprehensive roadmap for the next 3-5 years, aiming to position Singapore at the forefront of AI innovation and application.

Calgary’s mayor, Jyoti Gondek, just had her worst month since being elected two years ago. It was not just her tone-deaf handling of the lighting of a menorah. It was also her failure to control Calgary’s budget, which has resulted in eye-popping property-tax hikes for next year. All this happened to a mayor with Biden-like approval ratings near 35 per cent — before this past month.

South Korean financial officials issued a directive on December 4, 2023, requesting users to report any unregistered cryptocurrency exchanges operating in the area. This directive was made in an effort to control the market. This approach is a reflection of South Korea's continuous attempts to simplify its digital asset market and protect investors from the possible hazards connected with virtual asset exchanges that are not regulated.

A judge in Ontario, Canada has issued a warrant for the arrest of Ryan Rumble, an accomplice of Canada’s self-proclaimed “crypto-king” Aiden Pleterski, for aiding the con artist in his years-long eight-figure crypto investment scam.

ALSO READ: Road accidents claimed 19 lives in India every hour in 2022, govt report says 1.68 lakh killed last year "I did not know earlier that he was married. Later, when I came to know, he told me that they (his wife and him) were not together anymore, they had separated," Singh said. She added, "When I went to meet him that night, he was with his wife.