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BusinessSunil Singhania, Chairman and MD of Abakkus Asset Manager Pvt. Ltd, stated that capital expenditure is ongoing across sectors but will increase once external challenges, like the West Asia war, subside. The conflict is currently causing high oil prices, inflation concerns, and elevated bond yields, although India's growth and corporate earnings outlook remain strong.
Mint Markets·
EntertainmentSurendrapuri Theme Park, located 60 km from Hyderabad in Yadadri Bhuvanagiri district, is India's first mythological theme park. Also called Kunda Satyanarayana Kaladhamam, it features sculptures depicting stories from Ramayana, Mahabharata, and the Vedas. The 3 km park includes a 101-foot Panchmukhi Hanuman, caves of heaven and hell, and replicas of major pilgrimages like Jagannath and Kashi Vishwanath. Open 9 AM to 7 PM, tickets cost ₹350.
News18 Hindi··Telangana
PoliticsIranian Oil Minister Mohsen Paknejad resigned and was replaced by Hamid Bovard, CEO of the National Iranian Oil Company, as acting oil minister. President Masoud Pezeshkian accepted the resignation after initially asking Paknejad to stay. Paknejad had offered to resign earlier due to personal reasons. The change comes amid the US blockade on Tehran's oil exports.
News18 World·
PoliticsUniversities across Karnataka have directed affiliated college principals to prepare for student elections following the lifting of the Code of Conduct for Legislative Council elections. Bengaluru North University and Adikavi Sri Maharshi Valmiki University have issued circulars and notifications to ensure compliance with the Karnataka Department of Higher Education's guidelines. BNU Vice-Chancellor B K Ravi emphasized that student elections foster leadership qualities and many prominent academics were former student leaders.
Deccan Herald··Bengaluru
PoliticsMaharashtra Chief Minister Devendra Fadnavis sharply criticized Shiv Sena (UBT) chief Uddhav Thackeray and MNS chief Raj Thackeray for their joint protest march in Mumbai. He dismissed the protest as a political move by the estranged cousins to regain lost ground and mocked them as "Ghajinis," referencing the Bollywood character known for memory loss. The protest demanded removal of Chief Election Commissioner Gyanesh Kumar and scrapping of the Special Intensive Revision of electoral rolls in Maharashtra.
News18··Mumbai
TechnologyMenlo Ventures, an early backer of Anthropic, states that the main constraint in AI development is computing power, not a slowdown in frontier AI models. Partner Matt Murphy called the perceived slowdown a "red herring," emphasizing that current models are sufficiently advanced to meet market needs. Menlo Ventures led a $750 million funding round for Anthropic in 2024, highlighting confidence in the AI market's growth.
ET Tech··Menlo Park
Mint Markets·
Sunil Singhania, Chairman and MD of Abakkus Asset Manager Pvt. Ltd, stated that capital expenditure is ongoing across sectors but will increase once external challenges, like the West Asia war, subside. The conflict is currently causing high oil prices, inflation concerns, and elevated bond yields, although India's growth and corporate earnings outlook remain strong.
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