Friday, October 23
Incoming senior Trump administration officials have begun questioning career civil servants who work on the White House National Security Council about who they voted for in the 2024 election, their political contributions and whether they have made social media posts that could be considered incriminating by President-elect Donald Trump's team, according to a U.S. official familiar with the matter. At least some of these nonpolitical employees have begun packing up their belongings since being asked about their loyalty to Trump - after they had earlier been given indications that they would be asked to stay on at the NSC in the new administration, the official said, speaking on the condition of anonymity to discuss sensitive personnel matters. Trump's pick for national security adviser, F
India's Pixxel is set to launch three of its six hyperspectral imaging satellites aboard a SpaceX rocket from California on Tuesday, the first such network in the country's nascent private space sector, Pixxel's chief told Reuters. The satellites will be placed in a sun-synchronous orbit at roughly 550 km, with the remaining three slated for deployment in the second quarter of the year. The launch is scheduled to take place at the Vandenberg Space Force Base at around 10:45 a.m. Pacific Time (1845 GMT) on Tuesday - just after midnight the next day in India - subject to final approvals. Pixxel's founder and chief executive Awais Ahmed told Reuters that it plans to add 18 more spacecraft to the six it has already developed, eyeing a share of the satellite imaging market projected to reach $1
A reasonable negative candle was formed on the Nifty daily chart, with a gap down opening and with a long upper shadow. Technically, this pattern indicates a decisive downside breakout of a symmetrical triangle pattern with lack of strength to bounce back. The immediate support of 23,260 has been violated on the downside and the market is now placed to slide further lows.The underlying trend of Nifty continues to be weak. Nifty is on the way down to the next lower support of around 22,800-22,700 levels . Any pullback up to 23,350 could be a sell-on-rise opportunity, said Nagaraj Shetti of HDFC Securities.In the open interest (OI) data, the highest OI on the call side was observed at 23,300 and 23,200 strike prices, while on the put side, the highest OI was at 23,000 strike price.What shoul
ET Intelligence Group: A CEO is often the first casualty when a consumer company in India starts underperforming. And the new CEO is often someone who has had a notable stint working in MNCs such as Unilever, Pepsi or Mondelez. Avenue Supermarts (DMart) roping in a new CEO is a case in point here. CEO Neville Noronha is stepping down after spending more than two decades at the company and he is being replaced by Anshul Asawa, who has had a 30-year stint at Unilever. A similar trend of roping in a CEO from an MNC was seen in the case of Tata Consumer Products, Godrej Consumer Products, Colgate-Palmolive India, Jubilant Foodworks, United Breweries and, more recently, Nestle India.In April 2020, Ajoy Misra, a Tata Group veteran stepped down as the CEO and managing director of Tata Consumer Pr
The current trend of weakening rupee is unlikely to impact India’s trade balance adversely or significantly impact inflation or growth prospects, even as it will hurt importers."The impact of a weak rupee on imported inflation is expected to be limited with commodity prices expected to remain subdued. This is based on global growth remaining weak, especially China" said Gaura Sengupta, chief economist, IDFC Bank. " From a macro stability perspective it is better to allow the rupee to depreciate as it reduces the drag on fx reserves and banking system liquidity. A large part of the fx cover has got eroded by significant dollar selling by RBI."The rupee touched a new low Monday at 86.58 against the greenback, weakening by 0.7 percent in a single day. 117213875Though a weak rupee theoret
