Today's top stories include ease in India's retail inflation, Gukesh becoming World Chess Champion, Zomato launching Bistro, and more.
The recovery in India's industrial output continued in October, driven by a climb in manufacturing and a modest pick up in mining and electricity generation. The Index of Industrial Production grew by 3.5% in October, compared to a 3.1% growth in September, as per official data.
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India's retail inflation moderated in November, led by lower vegetable prices. The consumer price index-based inflation moderated in November to 5.48%, compared to 6.21% in October, according to data released by the Ministry of Statistics and Programme Implementation.
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Public sector banks posted their highest-ever aggregate net profit of Rs 1.41 lakh crore in fiscal 2024, compared to Rs 1.05 lakh crore in fiscal 2023, the Ministry of Finance said, amid a debate over the performance of PSBs.
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The Union Cabinet has approved two bills, including one to amend the Constitution to implement 'one nation, one election', news agency PTI reported, citing sources. The draft legislations are likely to be introduced in Parliament in the ongoing winter session.
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India's Dommaraju Gukesh scripted history by defeating Ding Liren of China in the last game of the 2024 FIDE World Championship in Singapore to become the youngest world chess champion.
Photo Credit: PTI
US President-elect Donald Trump is Time magazine's coveted 'Person of the Year.' Trump, who previously won the title in 2016, has secured it for the second time in less than a decade. With this, Trump joins a list of 14 US presidents honoured by the magazine.
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State Bank of India, the country’s largest lender, is seeking a 30-billion yen ($197 million) facility, Bloomberg reported, citing people familiar with the matter. This will add to a record volume of yen loans raised by borrowers in Asia excluding Japan this year.
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Elon Musk, whose wealth has been turbocharged since President-elect Donald Trump’s win last month, became the first person to reach $400 billion in net worth—the latest milestone for the world’s richest individual.
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Zomato Ltd.'s Blinkit has launched a app named Bistro to offer 10-minute food delivery. The quick delivery segment is hotly contested, with the presence of platforms like Zepto Cafe and Swiggy's Bolt.
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The national recorded its coldest December day in the last three years on Thursday as the minimum temperature dropped to 4.5 degrees Celsius. As per the forecast, cold wave conditions will persist at isolated places until the weekend.
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