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Subscribe to enjoy similar stories. Elon Musk thinks of Tesla as an AI company. He’d be seriously bummed if it were valued like one.

Subscribe to enjoy similar stories. A new class of weight-loss drugs is changing the food industry, but not in the way many expected at first. They could present just as many opportunities as pitfalls.

Reserve Bank of India (RBI) on Friday. The RBI keeps a close watch on the foreign exchange markets and steps in when needed to keep things stable. The central bank's actions such as managing liquidity and selling dollars, are meant to prevent big swings in the exchange rate and to reduce the risk of a sharp drop in the Indian rupee. RBI's approach does not set a specific target for the rupee's value but aims to maintain stability in the foreign exchange markets.

hypersonic weapons to sink ships in the Pacific, the U.S. Navy is moving forward with a plan to arm some of its vessels with Patriot interceptor missiles, two senior defence officials said. One industry official said putting the highly agile Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptors, used primarily in the U.S. by the Army, aboard Navy ships anticipates advances in Chinese missile technology, including the use of highly manoeuvrable hypersonic weapons. Integrating the Lockheed Martin-made missiles with ships' air defences comes amid simmering tension in the Indo-Pacific region as China rapidly modernizes its military, and in the wake of successful missile defense efforts in Ukraine and the Middle East.

«So, it is a mix of both large as well as mid and smallcap stocks where we see that the valuation are reasonable or the growth should pick up,» says Abhijeet Bora, JM Financial Services Ltd. This Diwali has become a bit sombre with the kind of cuts we have seen in the market. It looks like 6% at the index level in this month but if you look at the smallcap, midcap and portfolio level, the cuts are much larger. Given all of that and given we have got a healthy correction, do you have a shopping list ready of some of the stocks that people can look at buying? Abhijeet Bora: Yes, we have recently released our Diwali picks where we have around 10 stocks. It is a mix of both large and midcap and across various sectors. So, starting with largecap space, we like Reliance Industries, we like Power Grid, we like Jindal Steel, we like Bajaj Finance in the largecap space. And there are a few midcap companies like Gravita is there, Ashoka Buildcon is there. So, it is a mix of both large as well as mid and smallcap stocks where we see that the valuation are reasonable or the growth should pick up.

Subscribe to enjoy similar stories. The clock is ticking. You should have been asleep long ago.

Canada's government has unveiled a new immigration plan for 2025–2027 aimed at balancing population growth with economic and social stability. Immigration Minister Marc Miller emphasized that while immigration is crucial for economic strength, the country must address pressures on housing, infrastructure, and social services. Below are the detailed changes and their implications. “Today’s announcement is the next step in our plan to address the evolving immigration needs of our country. While it’s clear our economy needs newcomers, we see the pressures facing our country, and we must adapt our policies accordingly," Miller said. «These changes will make immigration work for our country so that everyone has access to the quality jobs, homes and supports they need to thrive. We have listened to Canadians, and we will continue to protect the integrity of our system and grow our population responsibly,” he added.

Dixon Technologies fell by 9.7% to a day's low of Rs 13,601.30 on the BSE after soaring 6% to hit a new all-time high of Rs 15,999.95 in Friday's session, despite a 265% year-on-year (YoY) jump in its Q2 PAT. The company reported a Q2 PAT of Rs 412 crore on Thursday, driven by increased mobile phone production and an exceptional gain of Rs 209.6 crore in the fiscal second quarter of FY2025.

BSE Midcap index has produced 12 gems since last Diwali, each delivering multibagger returns with 26 others yielding double-digit returns of 50% or more. There are 19 duds as well in the pack of 192 stocks which have fallen by up to 50% during this period. The 12 multibaggers are Indian Renewable Energy Development Agency (IREDA), Dixon Technologies (India), Rail Vikas Nigam (RVNL), Oracle Financial Services Software (OFSS), Oil India, Torrent Power, Glenmark Pharmaceuticals, Voltas, PB Fintech (Policybazaar), Hindustan Petroleum Corporation (HPCL) and Kalyan Jewellers India which have given returns between 182% and 100%.

Subscribe to enjoy similar stories. A year into the war in Gaza, Israel is back at the site of its first battles and engaged in one of the most ferocious campaigns of the conflict, a do-over that offers a cautionary tale for its other war in Lebanon. Homed in on northern Gaza, Israel has issued evacuation orders for every town north of Gaza City and dispatched two new brigades, in what the military says is its latest attempt to eradicate Hamas from the enclave.

Subscribe to enjoy similar stories. Qatar's Nebras Power’s plan to acquire up to 49% stake in Aditya Birla Group’s renewable energy business for around $400 million has been put on hold due to “valuation mismatch", according to two people aware of the development.

European Union regulators have slapped LinkedIn with a 310 million euro fine for violations of the bloc’s stringent data privacy rules

The number of Americans filing for unemployment benefits fell last week, but the total number of those collecting benefits rose to its highest level in almost three years

Chipmaker Intel has won a fresh victory in a long-running battle against European Union competition watchdogs after the bloc’s top court confirmed a lower tribunal’s decision to overturn a billion-euro antitrust penalty

Prime Minister Justin Trudeau says Canada will significantly reduce the number of new immigrants in the country after acknowledging his government failed to get the balance right coming out of the pandemic

Canada will reduce the number of new permanent residents to the country by 21 per cent by next year, Prime Minister Justin Trudeau and Immigration Minister Marc Miller announced on Thursday.

LinkedIn's lead privacy regulator in the 27-nation EU, the Dublin-based commission conducted an investigation that concluded the professional networking site lacked a lawful basis for collecting user data intended for targeted online advertisements, added the AP report. This violation of the General Data Protection Regulation (GDPR) represents a serious infraction of the right to data protection within the EU.Reportedly, Deputy Commissioner Graham Doyle emphasised the severity of the situation, stating that processing personal data “without an appropriate legal basis is a clear and serious violation" of established privacy rights.

Canada will take the rare step of reducing its annual immigration targets on Thursday, according to a government source.

Subscribe to enjoy similar stories. Artillery thudded nearby one recent evening as medics rushed a soldier with blast wounds into a new type of Ukrainian field hospital buried underground. In the relative safety of their bunker, which lies under 10 feet of sandbags, earth, steel and pine logs, surgeon Yevhen Antoniuk and his team got to work.

Turkiye struck suspected Kurdish militant targets in Syria and Iraq for a second day on Thursday following an attack on the premises of a key defense company which killed at least five people, the state-run news agency reported. The National Intelligence Organization targeted numerous «strategic locations» used by the Kurdistan Workers' Party, PKK, or by Syrian Kurdish militia that are affiliated with the militants, the Anadolu Agency reported. The targets included military, intelligence, energy and infrastructure facilities and ammunition depots, the report said. A security official said armed drones were used in Thursday's strikes. On Wednesday, Turkiye's air force carried out airstrikes against similar targets in northern Syria and northern Iraq, hours after government officials blamed the deadly attack at the headquarters of the aerospace and defense company TUSAS, on the PKK. Defence Minister Yasar Guler said Thursday that 47 alleged PKK targets were destroyed in Wednesday's airstrikes — 29 in Iraq and 18 in Syria.

TVS Motor Company fell by 3% to the day’s low of Rs 2,490 on the BSE after the company reported a lower-than-expected quarterly profit, hurt by higher costs, even as demand was stable. The 'Jupiter' scooter maker's profit rose 23.5% to Rs 663 crore in the quarter ended September 2024, which missed analysts' estimate of Rs 697 crore.