Vix Index (Representative Image)
Good Morning, Daybreakpost Readers!
HERE IS WHAT YOU NEED TO KNOW FROM INDIA
India Vix index records largest drop in five years, plunging 20%. Poll expectations and global tensions easing cited as likely causes. Analysts suggest market may have factored in election outcomes and reduction in options contract lot sizes contributing to decline.
Recent Global crash tests highlight safety concerns in Indian cars. Some models, like Kia Carens, show improvement, while others, like Honda Amaze and Mahindra Bolero Neo, receive poor ratings.
Supreme Court questions Patanjali’s apology size compared to costly ads. Adjourns case, demands proof of apology size. Also scrutinizes FMCGs for misleading ads, warns Indian Medical Association (IMA) about unethical practices.
Microsoft introduces Phi-3-mini, a lightweight AI model aimed at small-scale tasks, offering cost-effective solutions for businesses with limited resources. The move expands Microsoft’s reach in AI adoption, targeting a broader client base.
Centre bets on ‘Swades’ moment for semiconductor industry’s talent. Tata’s Taiwan recruitment drive exemplifies trend. Industry seeks local talent development amid challenges like administrative hurdles and import tariffs.
HERE IS WHAT YOU NEED TO KNOW FROM THE WORLD
Tesla plans to launch more affordable models sooner, aiming for late 2025 or early 2026. CEO Elon Musk’s strategy shift to boost sales amid EV market slump prompts investor optimism despite mixed earnings.
Apple had its worst quarter in China since 2020. iPhone sales in the country fell 19% to start the year, driven down by competition from its homegrown rival Huawei.
Google fired 20 more workers after protests. The terminations come after the tech giant dumped more than two dozen employees last week following protests against its cloud computing contract with the Israeli government.
INFOGRAPHICS OF THE DAY
India is the fourth-largest military spender globally, with an expenditure of $83.6 billion in 2023, shows a report by the Stockholm International Peace Research Institute.
Top 10 countries by military expenditure in 2023 ($ bn)
Source: Stockholm International Peace Research Institute, chart – Livemint
QUOTE OF THE DAY
“You can’t go back and change the beginning, but you can start where you are and change the ending”
C.S. Lewis, a British writer and scholar
BEST WISHES FOR YOUR PRODUCTIVE DAY!
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