Sunday, October 11
A Ukrainian drone operation destroyed over 40 Russian aircraft on June 1, marking the farthest attack deep 4,000 km inside Russian territory since the war began in February 2022. The strike occurred a day before peace talks between the two countries were scheduled in Istanbul. Ukrainian President Volodymyr Zelenskyy said in a video statement that “Operation Spiderweb” was planned for 18 months and involved 117 drones targeting only military sites. Ukraine targets Russian airbases with dronesAccording to Ukraine, the attack was executed using FPV drones that were smuggled into Russia in advance. These drones were placed inside mobile wooden structures, hidden under rooftops, and launched remotely. The Russian Defence Ministry confirmed attacks on five locations, including one over 4,000
The National Stock Exchange's (NSE) much-awaited IPO has faced repeated delays, held back by regulatory and legal hurdles. With a new Sebi chairperson now in place, the exchange is renewing its push to go public. But the road ahead may still be far from smooth. Reena Zachariah looks at the challenges NSE faces and what lies ahead.What are the key hurdles facing NSE to launch its IPO?The proposed NSE IPO continues to face regulatory hurdles, with the Securities and Exchange Board of India (Sebi) raising multiple concerns. Chief among them is the long-standing co-location case. In addition to the co-location issue, Sebi has flagged concerns over the exchange's technology infrastructure, citing repeated technical glitches and how they were handled along with other operational and governance m
As part of its broader strategy to expand operations in India and build a local ecosystem for future manufacturing and supply chain activities, Tesla has leased a new office space in central Mumbai’s Kurla west area, marking another step in its India entry.This is Tesla’s fourth office in India, after its engineering facility in Pune, a registered office in Bengaluru, and a 30-seater office near Mumbai’s central business district, Bandra Kurla Complex (BKC) secured for a year.This is also the second office transaction concluded by Tesla in quick succession over the past two months, reflecting its increasing focus on operational readiness in India.The US company’s India arm Tesla India Motor & Energy has signed a five-year lease for the new premises in Macrotech Developers’ Lo
Gold jewellery sales in India fell 30% to 1,600 kg on average in the past fortnight, according to the India Bullion & Jewellers Association (IBJA), as prices shot up nearly 5%.“In the first fortnight of May, which was followed by Akshaya Tritiya, there was some momentum as prices started falling, touching Rs 92,365 per 10 gm on May 15. But since then, the price of the yellow metal has again started to move northwards, which has dampened the demand,” said Surendra Mehta, national secretary, IBJA.On Tuesday, retail gold prices hovered around Rs 96,960 per 10 gm. With a 3% goods and services tax, the price of 10 gm of gold stood at Rs 99,868.“Mumbai, the nerve centre of the gold jewellery market in the country, has witnessed daily average retail sales of gold jewellery tumbling by 1
Mumbai: For aggressive investors, the recent underperformance of an index fund category that tracks the 30 fastest-rising stocks from the Nifty 200 universe may open up a window to invest gradually at lower levels.In the past year, the Nifty 200 Momentum 30 Index lost 9.75% against the 10.5% gains in the Nifty. In the last six months, the index lost 10.51%, while the Nifty 50 advanced 3.29%."Momentum factor has struggled in the last two quarters as markets came off after hitting a peak in September 2024," says Prateek Sinha, director, Deep MFD. He said the momentum strategy underperformed in 2009 and 2023 and it lasted for around 10-11 months."Once the market finds its rhythm, momentum strategies will outperform again," said Sinha."It would make sense to start systematically investing in m
