Sunday, October 04
Salvage teams recovered the black box of the ill-fated AI 171 flight on Friday, along with 29 more bodies from the wreckage of the Boeing 787-8 Dreamliner, taking the death toll to 274 in one of the deadliest single-aircraft disaster in Indian aviation history, reported The Times of India. The rising casualty count—beyond the 241 passengers and crew confirmed dead on board—suggests that the remaining 33 victims were likely individuals present on the campus of Ahmedabad’s BJ Medical College at the time of the crash, the ToI report added. They are believed to include doctors, students, hospital staff, and local residents from the Meghaninagar area.The black box, containing the Flight Data Recorder (FDR) and Cockpit Voice Recorder (CVR), was found on the rooftop of the UG and PG student
In this edition of ETMarkets Smart Talk, Arvind Kothari, smallcase Manager and Founder of Niveshaay, shares his bullish view on capital expenditure-driven themes that continue to offer strong long-term potential despite near-term market volatility.From solar energy and power infrastructure to defense manufacturing and green technologies, Kothari believes India’s investment cycle remains robust, backed by policy tailwinds, liquidity support, and shifting global dynamics.In a conversation that spans rate cuts, block deals, smallcap valuations, and rural consumption, he explains why sectors like switchgear, textiles, and clean energy are likely to lead the next wave of wealth creation. Edited Excerpts –Q) What is your take on the outcome of the MPC meeting in June. What is the trajectory
Amid safe-haven buying due to Israel-Iran tensions and weakness in the dollar index, gold August futures contracts at MCX surged sharply higher by Rs 2,011 or 2.04%, crossing the 1 lakh mark at Rs 1,00,403/10 grams on Friday.The yellow metal’s rally seems unstoppable, but a tone of caution still persists as industry experts recently stated that they foresee a potential near-term correction for the yellow metal.Quant Mutual Fund, in a recent note, has highlighted that gold may be due for a short-term correction of 12-15% in dollar terms over the next two months. The fund cautioned investors that the metal may have "peaked out" in the short term, noting that while gold prices have surged recently, the momentum could slow down, and a retracement in prices could be on the horizon.Quant Mutua
