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U.Today — The price of shot up to its highest point so far this year as investors considered remarks made by Federal Reserve Chair Jerome Powell, which suggested that interest rates would remain unchanged.

By Yasin Ebrahim

Vinod Khosla weighed into the debate kicked off by Infosys founder NR Narayana Murthy’s comments that young people should work 70-hour weeks, saying that people need not be so sensitive to the remark. ‘Toughen up’

Deadly Quiet City. By Murong Xuecun. New Press; 336 pages; $27.99.

Tron (TRX) has recently captivated the attention of Iranian militant groups, suggesting the broader adoption of TRX. Also, Standard Chartered Bank reasserted its bullish position on Bitcoin (BTC), projecting an even more ambitious height for the flagship digital currency.

Indian equity market has witnessed an astounding surge in IPO activity, defying global economic uncertainties and underscoring the resilience of the Indian economy. Post the 2020 Covid crash, Rossari Biotech initiated the wave of IPOs, witnessing overwhelming subscription and listing success. This event paved the way for numerous IPOs, demonstrating the robustness of Indian equity markets and attracting investments from various segments, including fervent participation from HNIs and retail investors. Over the past three years, the main board IPOs have displayed remarkable strength. In 2021, 63 companies went public, raising Rs 1.2 lakh crore. Despite global market challenges, 2022 witnessed 40 IPOs, accumulating Rs 60,000 crore. As of November in 2023, 48 companies have already gone public, raising more than Rs 45,000 crore. This IPO surge extends to the SME space as well, with 2023 breaking records with 156 IPOs, raising more than Rs 4,200 crore. The increasing average ticket size in SME IPOs, from Rs 13 crores in 2021 to Rs 18 crore in 2022 and Rs 25 crore in 2023, indicates that promoters are seeking larger capital to fuel their growth ambitions, and investors are responding positively to these opportunities. The active participation of retail investors has been a key driver of this IPO boom, often resulting in massive oversubscriptions. This reflects a growing appetite for equities among retail investors and a heightened confidence in the Indian economy.

Ranbir Kapoor's latest action thriller, 'Animal,' has sprinted past the Rs 100 crore milestone at the Indian box office within a mere two days of its theatrical debut and has even beaten the collections of 'Gadar 2' and 'Tiger 3' in North America. The Sandeep Reddy Vanga directorial, featuring a stellar cast including Rashmika Mandanna, Anil Kapoor, Bobby Deol, and Triptii Dimri, is creating waves with its impressive collections and has joined the ranks of speedy successes like 'Pathaan' and 'Jawan.' On its opening day, 'Animal' seized the spotlight by surging past Shah Rukh Khan's 'Pathaan,' raking in a staggering Rs 63.8 crore in India alone.

Also Read: Not whole mid, smallcap segment expensive; bullish on power sector, says Sandeep Bagla of TRUST Mutual Fund This robust rally is attributed to several factors, including strong economic growth, impressive corporate earnings, a decline in crude oil prices, and the increasing trend of retail investing along with Foreign Portfolio Investment (FPI) inflows. The recently released GDP numbers for India on Thursday revealed a significant expansion of 7.6% in the September quarter of the current fiscal year, surpassing the expectations of analysts.

Animal has kicked off with a promising start at the Box Office, accumulating a significant collection in its initial two days across India. On Day 1, the Bollywood film garnered a net collection of ₹63.8 crore in India. The Hindi version contributed ₹54.75 crore.

Rajasthan's former chief minister Vasundhara Raje is fully confident of winning from Jhalrapatan. She is being challenged by Ram Lal Chouhan who is fielded by Indian National Congress.

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US-North Korea ties plummeted further on Saturday after Pyongyang threatened Washington with retaliatory action if its spy satellite is attacked. In a hard-hitting statement, it has warned the US that any attack on its spy satellite will be considered a «declaration of war». The Defense Ministry said North Korea would consider taking «responsive action measures» for self-defense to undermine or destroy the viability of the US spy satellites. An unnamed ministry spokesman told journalists, «The U.S. Space Force's deplorable hostility toward the Democratic People’s Republic of Korea’s reconnaissance satellite can never be overlooked as it is just a challenge to the sovereignty of the DPRK, and more exactly, a declaration of war against it.»

Positioned at the nexus of development and urbanization, Golf Course Extension Road in Gurugram has emerged as one of the hottest spots in the city’s real estate market. The area, once an underdeveloped corridor, has now become a magnet for high-end residential seekers, redefining the landscape of modern living. Connecting MG Road to Gurgaon-Sohna Road, the 90-meter-wide road spanning Sectors 55-56 has undergone a remarkable transformation since its construction in 2009. Recent development initiatives have seen the expansion of this stretch to encompass new sectors such as 61, 62, 65, 66, and 67.

Jagdeep Dhankhar lamented on Saturday that retired judges have kept the country's arbitral system in a «tight-fist grip», denying a chance to other qualified minds, and echoed the remarks of Chief Justice of India D Y Chandrachud that it resembles an «old boys' club». Dhankhar suggested that the time has come when people need to introspect and move forward by bringing about necessary changes, including, if required, by legislation. «Nowhere on the planet, in no other country, in no other system there is such a tight-fist grip on the arbitral system by retired judges.

Affle India has filed for 15 more patents relating to artificial intelligence, taking its total patent count to 36, a remarkable feat in the adtech industry. But before we get into that, let’s begin with what the company does to understand how these patents can boost the business. Affle is not your typical mobile marketing and adtech firm.

Financial markets construed the much awaited Powell's speech Friday as decisively dovish as he did not seem to push hard against the markets' expectations of hefty rate cuts next year. Powell, in his speech at Spelman College, said that the Federal Reserve's monetary policy is in a restrictive territory and it is too early to time the Fed rate cuts. He added that if appropriate, they are ready to hike rates further.

The Walking Dead concluded its remarkable 11-season run on November 20, 2022, fans are left pondering whether Season 12 is in the pipeline. The series, known for its gripping portrayal of survivors navigating a zombie apocalypse, initially hinted at a 12-season plan. However, with the expansive world of spin-offs taking center stage, the fate of a potential Season 12 remains uncertain.

Veteran Hollywood actress Susan Sarandon has issued an apology after saying at a pro-Palestine rally that people feeling afraid of being Jewish at this time were «getting a taste of what it feels like to be a Muslim in this country, so often subjected to violence». The Academy Award-winning actor's comments, made in response to the Israel-Hamas conflict at a pro-Palestinian rally last month, drew widespread criticism.

Indian Space Research Organisation (ISRO) on Sunday said that the Solar Wind Ion Spectrometer (SWIS), the second component of the Aditya Solar Wind Particle Experiment (ASPEX) within its inaugural solar mission, Aditya L1, has become operational. "The Solar Wind Ion Spectrometer (SWIS), the second instrument in the Aditya Solar Wind Particle Experiment (ASPEX) payload is operational. The histogram illustrates the energy variations in proton and alpha particle counts captured by SWIS over 2-days," ISRO said in a post on X.

Also Read: US stock market ends higher as Powell raises peak rate hopes; S&P logs highest close of year He also noted that the “full effects" of the Fed’s 5.25 percentage points of rate hikes to date have likely not yet been felt, Reuters reported. “We are getting what we wanted to get" out of the economy, Powell said during an event at Spelman College in Atlanta.

Animal." Notably, “Animal" and “Sam Bahadur" were launched on December 1. "Sam Bahadur" delves into the life of the inaugural Field Marshal, Sam Maneksh Taran Adarsh said in a post on X, “Sam Bahadur Fri / Day 1 at national chains… Update: 7 pm. PVRInox: ₹ 2.80 cr.