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A power blackout has hit Kenya, paralyzing large parts of the country, and the transport minister is calling for an investigation into “possible acts of sabotage and coverup” over the third nationwide outage in three months

Stock market today: After ushering in December 2023, Indian stock market has been in continuous bull trend and key bechmark indices — Nifty 50, BSE Sensex and Bank Nifty have been continuously scaling new highs. In fact, Nifty 50 and Sensex today climed to a new peak touching 21,000 and 70,000 levels respectively. BSE Sensex has risen from 67,481 to 70,057 levels in last six straight sessions, logging over 2,500 points rally in this time.

Brian Wesbury, chief cconomist at First Trust Advisors L.P., joins ‘Varney & Co.’ to discuss President Biden’s ongoing praise for the jobs market as price concerns continue to grow. 

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global market. MSCI 1-month’s return is 8.0% compared to MSCI World’s 5.2%, 1Yr is 12% vs 13.8%, respectively. This favourable outcome positions India attractively, fostering expectations of an enticing domestic pre-national election rally in anticipation of sustained reforms and policies.

Federal Reserve will cut interest rates early next year. The acceleration in payrolls is at odds with recent reports that have depicted a softer hiring pace, an outcome favoured by the Fed as it will help rein in demand and tame price pressures. Officials are still expected to leave rates unchanged when they meet next week. Elsewhere, Japan’s economy contracted in the third quarter by more than initially reported, while Brazil’s barely expanded in the period.

Narendra Modi asserted on Saturday that the priority given to policy, good governance and citizens' welfare in the past decade has resulted in India becoming a robust economy with a GDP growing 7.7% in the last six months. Thanks to his regime's transformative reforms, the world is looking at India with hope and as a strong contender to lead the Global South. In a virtual address to the second edition of the Infinity Forum, a global thought leadership platform on fintech, the Prime Minister said India is a symbol of resilience and progress at a juncture when the world is facing geopolitical tensions, high inflation and growing debt levels. «India's growth story has shown to the world that when policy is accorded top priority, when all strength is put behind good governance and when welfare of the country and its people is the sole basis of economic policies, then what will be the outcome can be seen from the 7.7% growth in the first six months of this fiscal year,» Modi said. He recalled the IMF statement in September that global growth in 2023 will be due in some measure to India. In July, the World Bank had said that India gave hope amid global challenges.

ITC’s pivot to fast moving consumer goods (FMCG) has helped the company to not just diversify and reduce dependence on its traditional tobacco business, but to also give a clear road map on its next stage of growth. A look at ITC’s top line shows the revenue share of its tobacco business has nearly halved—from 62% in FY14 to 37% in FY23. This change can’t come about unless you understand the Indian consumer. Sanjiv Puri, chairman and managing director of ITC, is among the few executives who has a finger on their pulse.

electrification drive in India's transport sector one of the most significant opportunities, US Special Envoy on Climate Change John Kerry on Saturday said the quicker India pursues this initiative, the more it mitigates greenhouse gas emissions, leading to a reduction in pollution and enhancement of the country's overall security. Kerry said embracing rapid electrification not only aligns with environmental goals but also contributes to a cleaner, more sustainable, and secure future for the country.

Indian Ocean region, the backyard of India, had held the second meeting of CIORF, under the aegis of the China International Development Cooperation Agency (CIDCA), an organisation that is part of the ruling Communist Party of China (CPC) Leadership Group on December 7 and 8 at Kunming in southern China. CIDCA is headed by Luo Zhaohui, former Vice Foreign Minister and Ambassador to India.

India has had an «exceptionally difficult» challenge along the northern borders in the last three years and the country responded to it very resolutely and has been maintaining the kind of military deployment necessary for national security, External Affairs Minister S Jaishankar said on Saturday on the lingering row in eastern Ladakh with China. He said this in an address at the FICCI, while explaining how the Modi government makes choices after choices with confidence however difficult and tough they may be. «It could even be what happens at our border.

Devendra Fadnavis introduced the Maharashtra Casino (Control and Taxation) Bill. The Bill aims to repeal the 45-year-old Maharashtra Casinos (Control and Tax) Act, 1976, which will ensure that the state will not have casinos in future. The Maharashtra Casino (Control and Taxation) Bill was unanimously passed by the lower house in Maharashtra Legislative Assembly.

Gandhinagar: India is aiming to achieve the $2 trillion export target by 2030 and in the process it is moving this industry out of the government support to make it self-sustaining and cost competitive, Union minister Piyush Goyal said on Saturday. Addressing Infinity Forum 2.0 virtually at Gujarat Finance Tec-City (GIFT City), he said the International Financial Services Centre (IFSC) at GIFT City has become a lynchpin in propelling India's export-led growth.

Narendra Modi on Saturday said India's GDP growth of 7.7 per cent in the first six months of the current fiscal year is a reflection of the country's strengthening economy and the transformative reforms carried out in the last 10 years. Addressing the 'Infinity Forum 2.0' conference at the GIFT City here via video link, Modi said his government wants to turn the Gujarat International Finance Tec (GIFT) City into a global nerve centre of the new age of global financial and technology services. «In the first six months of this financial year, India has achieved a GDP growth of 7.7 per cent...Today, the entire world has pinned its hopes on India, and this did not happen just on its own.

BSE Sensex reported it longest weekly winning streak in three years, as it rallied to record high levels on the back of strong macroeconomic data, a drop in oil prices and the hawkish rate pause by the Reserve Bank of India (RBI). On the stock-specific front, 63 Moons Tech, Inox Wind, Cantabil Retail, Asian Energy Services, SpiceJet, KIOCL, RBL Bank, Raymond, Reliance Power, Balaji Telefilms, TV 18 Broadcast, HBL Power, Zee Media Corp, Home First Finance, Bharat Dynamics, and others are among the smallcaps that logged a double-digit rise in their share prices last week. Domestic equity benchmarks gained for sixth straight week as the NSE Nifty 50 and S&P BSE Sensex indexes rose about 3.5 per cent to log their best week since July 2022.

DUBAI—Fossil-fuel producers are fighting an existential battle here in the final stretch of the United Nations climate conference against countries that want to end the burning of coal, oil and natural gas. Europe and a handful of nations on the front lines of climate change are demanding that a final agreement at the conference, known as COP28, include a phase out of fossil fuels.

US Federal Reserve is done with raising key interest rates have triggered foreign fund inflows into emerging markets like India. FPIs have bought ₹26,505 crore worth of Indian equities and the total inflow stands at ₹30,852 crore as of December 8, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The investment in cash market stands at ₹10,874 crore.

Narendra Modi. "PM Modi has set the target, that India would be No1 country by 2047 in all the sectors across the world," Amit Shah said while addressing the valedictory session of the Uttarakhand Global Investors Summit on Saturday. He was quoted by PTI as saying, "The world is looking to India with hope today.

Kashvee, a right-arm seamer who can also use the long handle, first came into spotlight when in 2020 took ten wickets, including a hat-trick, in a one-day match versus Arunachal Pradesh in the women's domestic Under-19 match in One-Day Trophy in Kadapa, Andhra Pradesh. The 20-year-old has played 24 T20 matches in which she has picked 22 wickets.

Pakistan’s former prime minister Nawaz Sharif on Saturday said he was ousted from the government in 1999 by (late) Gen Pervez Musharraf for opposing the Kargil misadventure, as he underlined the importance of having good relations with India and other neighbours.The three-time prime minister questioned why he was ousted from the office of the prime minister prematurely.

Fitch Ratings' recent Global Economic Outlook (GEO) report anticipates a substantial decline in global growth to 2.1% in 2024, in contrast with the strong performance seen in 2023. The report from Fitch Ratings flags the resilience observed in global growth throughout 2023, propelled by China's consumption stabilisation and a revitalisation of growth in the United States.