Tag: llv news

  • India’s Bond Yields Drop: Is RBI Poised for Rate Cuts?

    India’s Bond Yields Drop: Is RBI Poised for Rate Cuts?

    Indian 10-year bond yields dropped by 10 basis points after disappointing GDP growth data was released last week. This suggests that investors believe the Reserve Bank of India (RBI) might take steps to help the economy in its upcoming meeting on Friday. Recently, the GDP growth in India slowed down to just 5.4% for the July-September period, a level not seen in seven quarters.

    Analysts think the RBI might lower the cash reserve ratio (CRR), which is currently set at 4.5%. This could potentially free up around Rs 1.1 trillion in the banking system. A reduction in CRR could encourage more investment in bonds and help stimulate economic activity. The gap between the 10-year bond yield and the RBI’s main interest rate has shrunk significantly, signaling that the bond market is expecting potential easing from the RBI.

    Other indicators, like overnight index swaps (OIS) rates, have also decreased by 20 basis points since the weak GDP data came out. The RBI has maintained its policy rates at 6.5% since February 2023. While the central bank has previously been wary of inflation—particularly due to rising food prices—it has shown optimism about future growth thanks to good monsoon seasons and hopes for increased investments.

    According to Suresh Darak, a financial expert, the latest economic data poses a dilemma for the RBI, balancing the need to support economic growth with the ongoing inflation challenges. He mentioned that it will be interesting to see how the RBI navigates this situation in its upcoming decision.

    Interestingly, Nomura, a Japanese investment bank, expects the RBI to implement a full 1% rate cut starting this Friday. This contrasts with most predictions, which suggest the RBI will only cut rates by half of that amount. Nomura believes that even though food prices are rising, other price pressures remain calm, allowing the RBI to focus more on boosting growth.

    The benchmark 10-year bond yield has dropped to a three-year low, and the gap with the repo rate has narrowed significantly, indicating that some form of easing might be on the horizon. Right now, the 10-year bond is priced at Rs 100.7350, with a yield of 6.6837%.

  • Discover the True Face of Saint Nicholas: The Man Behind Santa Claus

    Discover the True Face of Saint Nicholas: The Man Behind Santa Claus

    Scientists have finally revealed the face of Saint Nicholas of Myra, the real man behind the modern Santa Claus, using cool technology. This exciting project happened 1,700 years after he died and involved looking closely at his skull to show us what he may have looked like.

    Saint Nicholas was a Christian bishop famous for his kindness and for giving gifts. He lived during the early days of Christianity. His life inspired the Dutch character Sinterklaas, which eventually led to the English figure of Father Christmas, creating the Santa Claus that many people love today.

    Before this, there weren’t any accurate pictures of him. Cicero Moraes, the main researcher, explained that they made a 3D model of his skull using information collected by Luigi Martino back in 1950. The research team carefully shaped the model, using math and science to make sure it looked real, based on how people generally look.

    Moraes pointed out that the final image shows a strong and kind face, much like what you read in the popular poem “A Visit From St. Nicholas,” better known as “Twas The Night Before Christmas.” The reconstructed face has a broad look and a thick beard, similar to how Santa Claus looks today.

    Co-author Jos Luis Lira talked about how important Saint Nicholas’s story is. He bravely stood up for what he believed in, even when it meant challenging powerful figures like the Roman Emperor. This amazing discovery not only brings Saint Nicholas to life but also helps us see how stories and legends change over time, turning a real person into a beloved symbol celebrated all around the world.

  • Delhi Court Dismisses Duplicate FIR Against Tahir Hussain

    Delhi Court Dismisses Duplicate FIR Against Tahir Hussain

    The Delhi High Court has dismissed a second police complaint against former councillor Tahir Hussain. The court decided that the new complaint was not needed because it was similar to an earlier one. The judge said that it’s unfair to have two cases for the same issue.

    Tahir Hussain faced trouble before, accused of being part of a protest that turned violent. In his new complaint, he claimed he was wrongly blamed. The court agreed that following two FIRs (First Information Reports) for similar claims can cause confusion and is unnecessary.

    In the end, the court’s ruling means that Tahir won’t have to deal with the new case. This decision helps clarify the legal situation for him.

  • Nifty Set to Rise: Market Insights and Stock Picks You Need to Know

    Nifty Set to Rise: Market Insights and Stock Picks You Need to Know

    Rahul Sharma, a director at JM Financial Services, has positive news about the stock market. He believes it’s a good time to buy stocks after a little drop, and that we might see the Nifty index reach 24,800 points soon. The Nifty has recently crossed 24,500 points, which is a good sign.

    After gaining around 500-600 points in a few days, the market is now seeing some corrections—a slight drop is normal after such rises. Sharma suggests that during this dip, investors should consider buying stocks. He points out that bank stocks, especially private banks like ICICI and HDFC, are currently looking strong and likely to lead the market in the next week or two.

    Even though today saw some corrections, blue-chip stocks like Infosys, Reliance, and TCS are driving the market higher. Sharma predicts the Bank Nifty could hit 54,000-54,500 in the near future, and the Fin Nifty could reach 25,000-25,200.

    When it comes to private vs. public sector banks, Sharma favors private banks for quick gains. However, he sees potential in public banks too for long-term investments.

    Sharma also recommends several stocks related to financial markets like CDSL, BSE, and Angel One. CDSL and BSE have done well recently, but he advises booking profits in those, while Angel One may continue to rise.

    For pharmaceutical stocks, Divi’s Laboratories is performing well, and he suggests buying it around ₹6,000 with hopes it could rise to ₹6,500.

    Finally, Sharma suggests investing in companies that could benefit from increased spending on infrastructure, like Larsen & Toubro and NTPC, which could provide a return over the next three months as the country’s economy improves.

  • Delhi University: Apply for Controller of Examination by December 19!

    Delhi University: Apply for Controller of Examination by December 19!

    The University of Delhi has opened online applications for the position of Controller of Examination. If you’re interested and meet the requirements, you can apply on the university’s website or through the link below. Don’t forget! The last day to apply is December 19.

    Who can apply?
    The university is looking for motivated candidates who have a strong background in education and administration. To qualify, you should:

    – Have a Master’s degree with at least 55% marks or an equivalent grade.
    – Have 15 years of experience as an assistant professor at the 11th academic level, or 8 years at the 12th level. Experience as an associate professor and in educational administration is also needed.
    – Alternatively, if you have 16 years of administrative experience including 8 years as a deputy registrar or similar at the 12th level, you can apply too.
    – Candidates with experience in conducting university exams will be given preference.

    Important Details:

    – The appointment lasts for 5 years and can be extended.
    – The university prefers applicants under 57 years old.
    – The deadline for qualifications and experience is December 19.

    The application process is fully online, and it’s important to provide accurate information, or else legal action may be taken. If you currently work for the government or a PSU, you need to get a no-objection certificate from your employer.

    For more information and to apply online, click here.

  • Sunita Williams Grows Lettuce in Space: A Game-Changer for Food Production!

    Sunita Williams Grows Lettuce in Space: A Game-Changer for Food Production!

    Indian-born NASA astronaut Sunita Williams, currently living on the International Space Station (ISS), is on a special mission to grow plants in space! Since June, she has been the commander of the ISS and is starting a unique experiment—growing “outredgeous” romaine lettuce.

    Why is she growing lettuce? This experiment, called Plant Habitat-07, will help scientists learn how different amounts of water affect plant growth in space. It’s important because growing food in space can help astronauts during long missions and it can also help with farming challenges on Earth.

    By studying the growth patterns and nutritional benefits of this lettuce, Sunita hopes to find ways to improve farming in places where water is limited. If successful, this research might provide astronauts with fresh food while they’re away from Earth and can also teach us how to grow more food using less water back home.

    Sunita started her current space mission on June 5 with astronaut Butch Wilmore, but some technical problems kept them stuck in space longer than expected. Now, she plans to remain on the ISS until February 2025 and will return to Earth on a SpaceX Dragon spacecraft. This is her second time being the leader of the ISS!

  • SSC GD Result 2024: Important Updates and What You Need to Know!

    SSC GD Result 2024: Important Updates and What You Need to Know!

    The Staff Selection Commission (SSC) is getting ready to announce the results for the SSC GD Exam 2024. However, they haven’t shared the exact date and time yet. When the results are released, you can find them on the official SSC website at ssc.gov.in.

    The written exam for the Constable (GD) position in different forces took place from February 20 to March 7, and again on March 30, 2024. The provisional answer key (which helps you check your answers) was released on April 3, and you had until April 10 to raise any objections you found.

    This recruitment drive aims to fill 46,617 Constable positions. Here’s how they break down:
    – BSF: 12,076 posts
    – CISF: 13,632 posts
    – CRPF: 9,410 posts
    – SSB: 1,926 posts
    – ITBP: 6,287 posts
    – Assam Rifles (AR): 2,990 posts
    – SSF: 296 posts

    The results of the written test were announced on July 11, 2024. Candidates who passed then went on to take the Physical Standard Test (PST), Physical Efficiency Test (PET), Document Verification (DV), Detailed Medical Examination (DME), and Review Medical Examination (RME) starting from September 23, 2024.

    Stay tuned for the latest updates on the results, including dates, times, and direct links!

  • Megan Schutt’s Five-Wicket Haul Shatters India in First Women’s ODI!

    Megan Schutt’s Five-Wicket Haul Shatters India in First Women’s ODI!

    On Thursday, Australian bowler Megan Schutt had an incredible game, taking her first five-wicket haul as India Women were bowled out for just 100 runs in the first match of their three-game series. Schutt’s amazing bowling performance, with impressive figures of 5 wickets for just 19 runs, left the Indian batting lineup struggling.

    India decided to bat first but found it tough going, losing their openers early in the match. Priya Punia, who came back into the team in place of Shafali Verma, scored only 3 runs off 17 balls before being dismissed by Schutt. Smriti Mandhana managed just 8 runs off 9 balls before edging a wide ball to the wicketkeeper.

    Captain Harmanpreet Kaur tried to hold the team together with 23 runs off 42 balls but was out lbw thanks to Annabel Sutherland. Jemimah Rodrigues, who was the top scorer with 23 runs off 42 balls, showed some talent but got bowled by Kim Garth while trying to play the ball to the other side.

    India fell apart quickly, going from 62 runs for 3 wickets to being all out for 100 runs in just over 34 overs, with their last three batters getting out in no time. Schutt finished her fantastic bowling by bowling Priya Mishra and completing her five wickets, leading Australia to a strong position.

    Overall, India’s batting performance was weak, with no player able to stand up against the strong Australian team.

    Brief Scores:
    India Women: 100 all out in 34.2 overs (Top scorer: Jemimah Rodrigues 23 runs; Megan Schutt 5 wickets for 19 runs).

    Teams:
    India Women: Priya Punia, Smriti Mandhana, Harleen Deol, Harmanpreet Kaur (c), Jemimah Rodrigues, Richa Ghosh (w), Deepti Sharma, Titas Sadhu, Priya Mishra, Saima Thakor, Renuka Thakur Singh.

    Australia Women: Phoebe Litchfield, Georgia Voll, Ellyse Perry, Beth Mooney (w), Annabel Sutherland, Ashleigh Gardner, Tahlia McGrath (c), Georgia Wareham, Alana King, Kim Garth, Megan Schutt.

  • Supreme Court Ends Defamation Case Against L Murugan on Murasoli Trust

    Supreme Court Ends Defamation Case Against L Murugan on Murasoli Trust

    The Supreme Court recently finished defamation proceedings against Indian Union Minister L Murugan over comments he made back in 2020. Murugan claimed that the Murasoli Trust, linked to the ruling Dravida Munnetra Kazhagam (DMK) party in Tamil Nadu, was using land without permission.

    Justices Bhushan R Gavai and KV Viswanathan decided to close the case after Murugan stated he did not intend to hurt the trust or its members. He explained that his remarks were made while serving as a leader of the Bharatiya Janata Party (BJP), which is in the Opposition in Tamil Nadu.

    The Murasoli Trust, which operates a newspaper and a news channel and includes Tamil Nadu Chief Minister MK Stalin as one of its managers, accepted Murugan’s explanation. The court praised the trust’s willingness to move on and ended the criminal case against Murugan.

    Murugan sought help from the Supreme Court after the Madras High Court rejected his request to dismiss the case in September 2023. This politician and former BJP state president had made the contested comments during a press conference in 2020.

    Murugan’s lawyer, K Parmeshwar, said that when Murugan was vice-chairman of the National Commission for Scheduled Castes and Scheduled Tribes, he received complaints that the Murasoli Trust’s building was on land meant for Scheduled Castes (SC) in Tamil Nadu. Parmeshwar insisted that Murugan’s comments were not meant to damage the trust’s reputation and were made while he held a political position.

    The Supreme Court had advised the trust to consider Murugan’s clarification. Senior advocates for the trust said they were okay with accepting his explanation and didn’t want to press on with the case anymore. They suggested that Murugan publish his clarification in newspapers as a sign of goodwill.

    The defamation case began in 2021 when DMK leader RS Bharathi accused Murugan of suggesting that the trust was operating illegally. Bharathi noted that the trust had been at the same location for over 35 years and had never had issues regarding its property rights.

    Earlier, the Madras High Court did not rule in Murugan’s favor, arguing that the statements made should be evaluated considering a regular person’s understanding of them. The court mentioned that even if Murugan felt he had not spoken against the trust, his remarks could still cause people to question the trust’s property rights.

    Murugan defended himself by saying he was protected under Article 19(1)(a) of the Constitution, which supports freedom of speech. The High Court indicated that a thorough examination of the facts was necessary during the trial while urging the special court to speed up the process.

  • Brad Pitt’s Heartbreak: A Birthday Wish to Reunite with His Kids

    Brad Pitt’s Heartbreak: A Birthday Wish to Reunite with His Kids

    Brad Pitt is turning 61 years old on December 18, but it’s a tough day for him. He really wants to spend time with his kids, but things are complicated. Reports say he has reached out to a couple of his children to ask them to celebrate his birthday with him. A source shared, “Brad loves his kids, and having them with him on his special day would mean everything to him.”

    Unfortunately, things are not going well. Some of his kids still talk to him, while others have chosen to distance themselves. This has made the situation very tricky.

    Brad Pitt has six children with his ex-wife, Angelina Jolie: Maddox, Pax, Zahara, Shiloh, and twins Knox and Vivienne. Recently, some of his kids have started using their mother’s last name instead of Pitt’s. For example, Shiloh filed to change her name right after she turned 18. Zahara has been introducing herself as ‘Zahara Jolie’ to her friends.

    A source mentioned that it breaks Brad’s heart since they used to have a good relationship. Sadly, Maddox and Pax seem to be estranged from him and aren’t in contact. The twins, Knox and Vivienne, still talk to Brad, but they haven’t been seen together recently. Generally, the kids are often spotted with their mom, Angelina Jolie.

    Overall, Brad is feeling sad and wishes he could have a closer relationship with his children, especially during the holidays and his birthday this month.