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Get the appGetGlobal markets experienced a significant sell-off in AI-related stocks, with Asian markets tumbling sharply. The sell-off reflects growing concerns about AI valuations and potential regulatory impacts. Investors are reassessing risks amid volatility in technology sectors worldwide, leading to widespread declines in AI-focused equities across Asia and other regions.
Financial Times·
TechnologyPhoto: ET Energy PowerIndia's growing data centre industry is driving demand for advanced battery technologies beyond traditional backup uses. The country requires comprehensive storage ecosystem capabilities, including cells, packs, battery management systems, power electronics, system integration, testing, and energy management to support this expansion.
ET Energy Power·
PoliticsPhoto: News18 HindiSachin Pilot clarified that organizational changes are part of the election strategy for Punjab polls. He emphasized the crucial role of Amarinder Singh Raja Warring in the upcoming elections. Pilot supported appointing former Olympian Pargat Singh as the leader and called for unity against the Aam Aadmi Party in the electoral battle.
News18 Hindi·
WorldPhoto: HT WorldAt least 29 people, including 28 children and a teacher, died when the roof of a private school collapsed in Dir Colony, Peshawar, Pakistan. Over 40 were injured. The school owner has been arrested. Rescue teams continue searching for survivors. An emergency was declared at Lady Reading Hospital. Authorities have launched an investigation. Prime Minister Shehbaz Sharif expressed grief and condolences.
HT World··Peshawar
BusinessPhoto: Aaj TakGoldman Sachs research warns that a 100 basis point increase in US interest rates could reduce GDP by 0.6% in developed markets next year due to higher housing costs, inflation, and reduced consumer and business spending. The study highlights risks to sectors like housing, consumer loans, corporate investment, and government finance. India may face serious impacts, especially in manufacturing demand for engineering products, machinery, and autos, though direct export effects are not assessed.
Aaj Tak·
WorldPhoto: Times of IndiaUkraine's navy reported destroying six Russian Su-34M military jets during an overnight missile strike on the Borisoglebsk airfield in Russia's Voronezh region. The attack is part of ongoing hostilities involving strikes on energy infrastructure and shipping on both sides, according to Reuters.
Times of India·
Financial Times·
Global markets experienced a significant sell-off in AI-related stocks, with Asian markets tumbling sharply. The sell-off reflects growing concerns about AI valuations and potential regulatory impacts. Investors are reassessing risks amid volatility in technology sectors worldwide, leading to widespread declines in AI-focused equities across Asia and other regions.
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