Tag: thellv

  • SBI Lowers India’s GDP Growth Forecast for 2025 to 6.3%: Key Insights

    SBI Lowers India’s GDP Growth Forecast for 2025 to 6.3%: Key Insights

    SBI, India’s biggest bank, has lowered its prediction for the country’s economic growth in 2025 to 6.3%. This is less than what the Reserve Bank of India (RBI) expects, which is 6.6%. The latest economic report from SBI shows that the Indian economy isn’t growing as quickly as needed, especially after the RBI reduced its own forecast from 7.2% to 6.6%.

    Key points from the report include:

    – In the first half of 2025, growth was only about 6.05%.
    – Although some signs show that the economy is improving, like during festive seasons, the overall growth in the second quarter was just 5.4%, the lowest in almost two years.
    – Rising prices, especially for food, are also causing problems.

    SBI pointed out that these kinds of downward revisions of growth projections have happened before. In past years, similar downgrades occurred due to various challenges.

    The decrease in growth numbers is worrying for many, especially as consumers are buying less. Families are spending less money on both essential goods and fancy items like cars because of falling incomes and high prices.

    This slower growth is not just a problem for individuals but for the whole country too. India’s goal of becoming the third-largest economy by 2030 looks harder to achieve. A weaker economy means fewer new jobs and challenges in improving living standards for everyone.

    The global economy is also facing troubles, making it even harder for India. Tightened financial conditions in other countries and global uncertainties are affecting investor confidence and how much other countries want to buy from India.

    SBI advises policymakers to keep a close watch on economic changes. The RBI plans to help by lowering the cash reserve ratio (CRR), which will give banks more money to lend. This could help support the economy, but it’s essential to fix deeper issues to ensure long-term growth

  • Mike Tyson’s $700M Fight Offer in Jeopardy Due to Legal Issues

    Mike Tyson’s $700M Fight Offer in Jeopardy Due to Legal Issues

    Mike Tyson, the famous boxer, is facing a lawsuit because he is accused of breaking a contract with a gambling company to fight YouTube star Jake Paul. The lawsuit says Tyson’s company, Tyrannic, went against an agreement made earlier this year.

    A big news story claims that a Saudi Arabian royal named Turki Alalshikh offered Tyson a staggering $700 million if he can knock out Jake Paul in just three minutes. Alalshikh said, “Jake Paul is a joke. I’ll pay Tyson $700 million if he fights Jake for real and wins by knockout fast.”

    Last month, Jake Paul beat Tyson in a fight that many thought was boring and possibly staged. Tyson might get a chance to fight for real and make up for it because of this huge offer.

    The gambling company, called Medier, is upset because they say Tyson’s deal with Netflix to fight Paul has cost them around $1.59 million. They believe Tyson broke their agreement when he took the Netflix fight instead.

    Tyson’s team said in a statement that Medier broke the rules of their deal first, so Tyson’s company was right to end the agreement to protect Tyson’s reputation.

  • Pete Hegseth’s Pentagon Nomination: Lawsuit Threats and Assault Claims

    Pete Hegseth’s Pentagon Nomination: Lawsuit Threats and Assault Claims

    Former Fox News host Pete Hegseth is threatening to sue a woman who accused him of sexual assault unless he gets appointed as the top official at the Pentagon. His lawyer, Tim Parlatore, said they are looking into a civil extortion lawsuit against her if she doesn’t back down.

    In 2017, the woman told the police that Hegseth assaulted her in Monterey, California, while he was speaking at a Republican event. Hegseth claims their encounter was consensual. Although she believed she was drugged and attacked, no charges were brought against him. They eventually reached a settlement and signed a nondisclosure agreement (NDA).

    Hegseth’s lawyer claimed the woman broke the NDA by sharing false information about Hegseth, which, if it harms his job prospects, could justify a lawsuit. Hegseth’s lawyer mentioned that since the NDA was violated, it might no longer be valid.

    Hegseth has faced several accusations since leaving Fox & Friends Weekend, especially after Trump nominated him for the Pentagon role. He is also accused of heavy drinking while working with veterans’ organizations and at Fox News. Although Hegseth’s mother once emailed him about mistreating women, she later defended him on TV.

    Despite these issues, Trump continues to support Hegseth, who is actively seeking the backing of Republican senators for his Defense Secretary nomination.

  • Congo Faces Urgent Challenge: Disease X Claims 79 Lives

    Congo Faces Urgent Challenge: Disease X Claims 79 Lives

    A worrying new illness, named “Disease X,” is hitting the Democratic Republic of the Congo hard. Since late October, it has made nearly 400 people sick and caused 79 deaths, mostly among children under five years old. Health workers in Congo are working all the time to find out what causes this disease.

    The sickness, first found on October 24 in the Kwango province, shows symptoms like fever, cough, breathing problems, headaches, and tiredness. Authorities were only notified about it on December 1. Jean Kaseya, a health official, said this delay could be dangerous because a lot can happen in five to six weeks.

    Health experts think the disease might spread through the air, especially since it appeared during a time when many people have the flu. Tests are being done on patient samples in a lab far away in Kinshasa, with results expected soon.

    This outbreak is raising worries about a new deadly disease that could spread like COVID-19 did. Earlier this year, another virus called mpox spread across countries, leading to major health alerts, even though it mostly stayed in Africa.

    The Africa Centers for Disease Control and Prevention is helping Congo with teams of experts to monitor and control the situation. The World Health Organization (WHO) is also sending important medicines and tools to help understand how the disease spreads.

    To keep everyone safe, health officials in Hong Kong started checking travelers coming from African cities, while Japan is warning people not to travel to the affected areas

  • Travis Head Sets Record for Fastest Century in Day-Night Test Match

    Travis Head Sets Record for Fastest Century in Day-Night Test Match

    Travis Head set a new record by scoring the fastest century in a day-night Test match, achieving this in just 111 balls! This amazing feat happened on Day 2 of the second Test in the Border-Gavaskar Trophy 2024-25 at the Adelaide Oval, where Australia faced off against India.

    Before this, Travis Head already held the record for the fastest pink-ball Test century, having scored 100 runs in 112 balls against England in Hobart in 2022. Now, he holds three records for the fastest centuries in pink-ball Tests! His other record is a 125-ball century against the West Indies in a day-night Test, also in Adelaide.

    Coming to bat after Steve Smith got out, Head played aggressively and made the Indian bowlers nervous. While he was careful against Jasprit Bumrah, who is a strong bowler, he scored freely against others, especially a young bowler named Harshit Rana.

    Fastest Centuries in Day-Night Tests:
    – Travis Head (Australia) – 111 balls vs India, Adelaide 2024
    – Travis Head (Australia) – 112 balls vs England, Hobart 2022
    – Travis Head (Australia) – 125 balls vs West Indies, Adelaide 2022
    – Joe Root (England) – 139 balls vs West Indies, Edgbaston 2017
    – Asad Shafiq (Pakistan) – 140 balls vs Australia, Brisbane 2016

    Stay tuned for more exciting updates!

  • Income Tax Raids in Andaman: Over 120 Officials Investigate Business Owners”

    Income Tax Raids in Andaman: Over 120 Officials Investigate Business Owners”

    Over 120 Income Tax officials are searching many places in the Andaman and Nicobar Islands. These searches started on December 4 because they think some local business owners might have done something wrong when filing their tax returns. The tax team from Kolkata is checking different offices in areas like Church Road, Phoenix Bay, Marine Hills, Aberdeen Bazaar, and Dilanipur in Port Blair.

    They are also searching places on Babu Lane and Junglighat, as well as on MG Road and Gurdwara Lane. The officials say this is a well-planned operation, and they promise to share what they find soon. They are mainly looking into possible mistakes with tax returns and issues related to GST.

    When the tax team arrived at Veer Savarkar International Airport in Port Blair on December 4, they made sure to inform airport staff to stop any business owners whose offices were being searched from leaving the island.

  • Pushpa 2 Breaks Records: A Game-Changer for Indian Cinema!

    Pushpa 2 Breaks Records: A Game-Changer for Indian Cinema!

    The release of “Pushpa 2: The Rule” has created a big buzz in the movie industry for 2024. Directed by Sukumar and starring Allu Arjun, this sequel to the hit film from 2021 is breaking records at the box office and helping the Indian film industry recover after tough times. In just its opening days, the movie earned hundreds of crores, giving hope to cinema halls and movie makers.

    Fans were eager to see Allu Arjun back as Pushpa Raj after waiting for three years since the first film. Even though the movie was leaked online shortly after its release, it didn’t stop fans from flocking to theaters.

    Amazing Numbers for Pushpa 2

    “Pushpa 2” had an incredible opening day, making ₹175 crore in India alone. The second day added another ₹90.1 crore, bringing the total to ₹265 crore in just two days! Worldwide, it crossed ₹417.5 crore quickly, setting a record for Indian films.

    The Hindi version played a key role, bringing in ₹125.3 crore, more than the Telugu version at ₹118.05 crore. Other language versions added ₹33.1 crore, showing the movie’s appeal across India.

    Why Pushpa 2 Matters for 2024

    The Indian film industry has had ups and downs this year, with some big hits like “Stree 2” but also some disappointing movies. “Pushpa 2” is expected to help turn things around. Experts believe it could make ₹1,200–₹1,400 crore globally over its lifetime, which would really help the overall box office for the year.

    Girish Wankhede, a trade expert, says the Hindi version alone could bring in about 40% of the total income, a jump from the 26% of the first film. This shows that audiences are embracing films from different regions in India.

    Ticket Sales and Theater Impact

    Before its release, “Pushpa 2” sold over 32 lakh tickets in advance, gathering ₹106 crore even before showing in theaters. Ticket prices were raised by 30–40% due to high demand. Experts expect this movie will increase theater attendance, helping companies like PVR INOX.

    Amit Sharma from Miraj Entertainment predicts the Hindi version could contribute around ₹800 crore to the total earnings. “This film is not just a hit; it’s changing the way Indian cinema works,” he said.

    Benefits to Movie Chains and Investors

    Multiplex chains like PVR INOX stand to gain a lot from “Pushpa 2’s” success. Analysts expect a 33% increase in Hindi movie earnings in the next quarter because of this film. PVR INOX, which holds 33% of Hindi box office revenue, could make ₹560 crore from films in this quarter.

    “Pushpa 2 could bring back the number of people going to theaters to what it was before COVID,” said Karan Taurani from Elara Capital.

    Success Beyond Numbers

    “Pushpa 2’s” success is not only because of its great storytelling but also due to its smart marketing. The team re-released the first film to remind people of the story and organized events to promote it, especially in Hindi-speaking states.

    Film distributor Shaaminder Malik shared that nearly all shows in non-southern states are for the Hindi version, which shows how well it’s doing outside its traditional markets.

    With “Pushpa 2” already outpacing the first film and expected to rival popular films like “KGF: Chapter 2” and “Pathaan,” this movie is set to break records, showing hope for the future of Hindi cinema.

  • Gold Prices Drop as U.S. Jobs Rise: What’s Next

    Gold Prices Drop as U.S. Jobs Rise: What’s Next

    Last Friday, spot gold gained $1 and closed at $2633. However, gold prices were down about 0.40% for the week, marking the second week in a row of losses. The price of gold varied, reaching as low as $2613 on December 6 and as high as $2657 on December 4.

    U.S. Job Market Gains

    In the U.S., employers added 227,000 jobs, which was better than the expected 220,000. The numbers from October were also revised up, adding a total of 56,000 jobs over the two months. Average hourly pay increased by 0.4% compared to last month and was up 4.2% from last year, beating expectations of 0.3% and 3.9% respectively. However, fewer people were participating in the workforce, dropping to 62.5%. The unemployment rate went slightly higher to 4.2% from 4.1% last month. Despite these numbers looking somewhat positive, another survey showed a loss of 355,000 jobs, compared to a loss of 368,000 in October.

    Consumer Sentiment and Economic Indicators

    Consumer sentiment improved slightly, surpassing expectations, while one-year inflation expectations rose to 2.9%, which was higher than the predicted 2.7%. Earlier this week, the ISM services index, which tracks service sector growth, came in at 52.1, failing to meet forecasts of 55.7.

    Trends in Gold ETFs and Geopolitical Situation

    Global gold ETFs saw slight increases, but overall, there was a net outflow this month. Tensions remain high in geopolitics, with Russia planning to deploy nuclear-capable missiles and protests in Georgia against the government ramping up.

    Dollar and Yields Movements

    U.S. bond yields went down after the job report, leading to expectations that the Federal Reserve may cut interest rates further in their next meeting on December 18. The ten-year bond yield closed at 4.15%, showing a small decrease. The U.S. Dollar Index ended with a gain of about 0.25%.

    Looking Ahead

    Next week, everyone will be watching U.S. inflation data closely, as well as China’s economic figures. The European Central Bank is expected to lower interest rates on December 12. Without any significant changes in geopolitics, gold might dip initially due to positive job reports and market confidence. Still, risks from global tensions and inflation data could influence prices. Currently, support for gold is seen at $2613, $2595, and $2575, while it needs to break the resistance level of $2675 to see any upward movement.

  • Government Takes Action on 73 Complaints About TV Ads”

    Government Takes Action on 73 Complaints About TV Ads”

    The government has reported that, over the past three years, they’ve received 73 complaints about inappropriate and rude advertisements on private TV channels. L Murugan, the Minister of State for Information and Broadcasting, shared this information in the Rajya Sabha. He explained that there’s a three-step system in place to deal with these complaints.

    This system includes:
    1. Self-regulation by TV broadcasters – They manage their own content.
    2. Self-regulation by groups created by broadcasters – These groups help ensure standards are met.
    3. Oversight from the central government – The government checks if everything is okay.

    When advertisements break the rules, the government takes actions like issuing warnings, asking for apologies, and even taking ads off-air.

    In another response, Murugan mentioned that streaming platforms (OTT) must follow specific rules in the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. These rules are meant to keep content safe and appropriate. They require OTT platforms to sort their content into five age-based categories and to make sure they don’t show anything illegal. The guidelines also remind them to consider the time and culture of the content they’re sharing. Additionally, the rules encourage platforms to keep kids safe by restricting content that isn’t suitable for them

  • Tragic Shooting of UnitedHealthcare CEO Shakes Corporate America”

    Tragic Shooting of UnitedHealthcare CEO Shakes Corporate America”

    A gunman killed the CEO of the largest health insurance company in the U.S., UnitedHealthcare, in New York City. The shooting has shocked many people and companies. After the attack, the shooter quickly escaped on a bus, but he accidentally left behind a backpack in Central Park.

    Almost four days later, police still don’t know who he is or why he did it. They think he might be unhappy with the insurance company and are looking into that possibility. The FBI is offering a reward of $50,000 for any information that can help catch him.

    The gunman was seen riding a bike into Central Park and then taking a taxi to a bus station, which goes to New Jersey and other cities, but police don’t have footage of him leaving the station. They think he may have used a fake ID and paid in cash when he checked into a hostel near Columbia University.

    The police found some items linked to him, like a water bottle and a protein bar wrapper, and they are checking for his DNA. Security cameras captured a picture of him smiling in the hostel lobby, but he kept his mask on most of the time, making it hard to identify him.

    Witnesses say he was quiet and didn’t talk to anyone at the hostel. The police searched his hotel room but didn’t find anything useful. They have to gather a lot of information before they can make an arrest.

    The shooter attacked Thompson from behind, using a quiet gun to avoid drawing attention. Some words were found on the bullets, which may connect to the idea of insurance companies delaying payments and denying claims.

    Thompson, a father of two boys, had worked for UnitedHealthcare since 2004 and had been the CEO for over three years. After the tragic event, UnitedHealth Group paused its annual meeting and focused on helping Thompson’s family and workers.

    The shooting has made other health insurance companies rethink their security, with some even telling their employees to work from home.