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Get the appGetGoldman Sachs has stated that financial markets are underestimating the potential extent to which the Chinese yuan can appreciate. This suggests that the yuan may strengthen more than current market expectations indicate, impacting currency and investment strategies globally.
Bloomberg.com·
PoliticsPhoto: NDTVTelangana Anti-Corruption Bureau arrested tahsildar B. Sudershan Reddy and mandal surveyor Batuka Srinivasulu for demanding and accepting a Rs 20 lakh bribe to conduct a land survey and issue a joint inspection report for a proposed layout in Rangareddy district. The bribe was initially Rs 30 lakh but reduced after negotiation. Both were remanded to judicial custody after being produced in Hyderabad court.
NDTV··Hyderabad
PoliticsPhoto: Hindu WorldBrazilian President Luiz Inácio Lula da Silva's election campaign accused Meta, the parent company of WhatsApp, Facebook, and Instagram, of deliberately restricting and blocking Lula's social media content, especially on Instagram. Lula, seeking a fourth non-consecutive term, claims his profile was prevented from promoting posts, severely affecting his reach ahead of the October 25 runoff election against far-right candidate Flavio Bolsonaro.
Hindu World·
PoliticsPhoto: News18Prime Minister Narendra Modi praised India's expanding role in global innovation and emphasized using technology for global good at the Bloomberg New Economy Forum. He cited India's tradition of using power responsibly and highlighted initiatives reshaping the global order. Modi referenced India's democracy, linguistic diversity, and extensive media landscape, underscoring the country's influence following the IMF's 7% growth forecast for India.
News18·
BusinessPhoto: NDTV BusinessTata Sons chairman N Chandrasekaran emphasized at the Bloomberg New Economy Forum that semiconductor chips will be fundamentally essential in the long run. He noted that the exact timeline to meet targets, whether two or three years, is less important than the critical role chips will play in the future.
NDTV Business·
PoliticsPhoto: Hindustan TimesThe Madras High Court upheld Tamil Nadu Speaker JCD Prabhakar's acceptance of resignations from six AIADMK MLAs who joined Chief Minister Vijay's Tamilaga Vettri Kazhagam (TVK). The MLAs resigned earlier this year amid disqualification proceedings for voting against party whip. The court ruled their resignations genuine, dismissing petitions challenging the Speaker's decision.
Hindustan Times··Chennai
Bloomberg.com·
Goldman Sachs has stated that financial markets are underestimating the potential extent to which the Chinese yuan can appreciate. This suggests that the yuan may strengthen more than current market expectations indicate, impacting currency and investment strategies globally.
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