APOLLO
SpaceX's Starship returns from orbit and is captured by launch pad arms in a dramatic first
SpaceX's Starship made a significant return to Earth after completing its mission in space. The spacecraft was caught midair by mechanical arms, marking a historic achievement for the team. Despite this success, the first-stage booster experienced an explosion shortly after liftoff from Texas. SpaceX is preparing for future Starship launches from Kennedy Space Center in Florida. NASA plans to utilize Starship for upcoming Artemis missions, focusing on lunar exploration.
JioBlackRock Flexi Cap Fund exits ITC, BSE, MCX, TCS and 17 more, trim exposure in HDFC Bank, Adani Energy and 16 others
JioBlackRock Flexi Cap Fund made notable exits from various stocks including ITC and Tata Consultancy Services. The fund also reduced its exposure in HDFC Bank and other stocks during October. Additionally, it added around 13 new stocks to its portfolio, enhancing diversity. Notably, the fund increased its holdings in Punjab National Bank and Bank of India significantly.
12 bluechip stocks within 5% of their 52-week highs; should you chase them now?
India's stock market has made a remarkable comeback, emerging as the top global performer thanks to a resurgence in foreign investments. After a challenging phase marked by persistent selling from foreign investors, the re-entry of foreign institutional investors (FIIs) has invigorated market liquidity and boosted investor sentiment. Although there are encouraging signs of earnings recovery, experts warn that profit-booking and various economic factors could pose risks to ongoing growth.
Who is Maruthi S. Akella? IISc award winner whose research helped guide first US Moon landing in 50 years, asteroid named after him
Maruthi S. Akella, a University of Texas professor and IISc alumnus, is among eight scientists and engineers selected for IISc's annual alumni honours. His research group contributed to the onboard guidance algorithm for the Intuitive Machines IM-1 mission, which achieved the first US Moon landing in more than 50 years. An asteroid has also been named after him.
Nvidia faced pressure to boost its AI backstop before Jensen Huang's exit
Nvidia's ambitious $500 billion AI financing partnership with six major Wall Street firms is facing hurdles, with customers and financial partners seeking a larger financing backstop than the chipmaker's proposed 25%. No deals have emerged so far, and Jensen Huang's exit as CEO adds uncertainty, potentially delaying the first transaction until January.
MSCI adds LIC, Coforge, Adani Green and Meesho to Emerging Markets Index
MSCI will include Life Insurance Corporation of India, Coforge, Adani Green Energy, and Meesho in its index. The changes will take effect on November 30, with passive inflows expected for these new additions. PI Industries will be excluded, leading to an estimate of outflows from this stock. Additionally, the overall number of constituents will increase to 168 in the index.
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Jensen Huang’s Nvidia exit raises fears over the future of AI financing
Nvidia CEO Jensen Huang's reported departure rattled global markets, triggering concerns over the chipmaker's leadership, AI investments and data-centre financing strategy. Nvidia shares tumbled, while Chinese chipmakers rallied amid expectations of potential gains in market share.
MSCI rejig: LIC, Meesho, Coforge set to gain from index inclusion. How much inflows could they attract?
MSCI’s November index rejig will add LIC, Coforge, Meesho and Adani Green to its Standard Index, while removing PI Industries. Nuvama estimates the changes could trigger around $2 billion in passive inflows into Indian equities. Several stocks will also see weight adjustments, while the Smallcap Index will witness fresh additions and exclusions, creating potential stock-specific inflows and outflows.
EasyJet shareholders approve £5.7 billion Apollo takeover
EasyJet's shareholders voted to approve a £5.7 billion takeover by Apollo on Wednesday. This decision marks a major step towards removing EasyJet from the London stock market. With 97.07% of scheme shares in favor, the airline is targeting a deal completion by the first quarter of next year. Nonetheless, the takeover faces regulatory scrutiny in the EU regarding airline ownership rules.
AI training startup Mercor valued at $20 billion in latest funding round
Mercor said on Tuesday it had raised $750 million in a funding round that valued the AI training startup at $20 billion. The Series D round drew participation from Benchmark, Felicis, Fundomo, Nvidia and funds managed by affiliates of Apollo, among others.
Delhi air pollution: Health experts warn of health risks as even healthy people report symptoms
Doctors from AIIMS and Apollo Hospitals report that Delhi's severe air pollution causes respiratory issues among healthy individuals. Dr. Vijay Hadda emphasizes that green crackers only partially mitigate harmful emissions from conventional firecrackers. Young people aged 20-50 are also complaining of symptoms, indicating widespread health effects. Continuous exposure to high pollution levels can lead to persistent symptoms appearing within hours.
'Global insurance cover may help rise medical tourism': Apollo Hospitals' Sangita Reddy
Apollo Hospitals envisions that broadening insurance access for international patients will catalyze the growth of medical tourism in India. The medical travel industry is predicted to swell to about $286.1 billion by 2030, with India's share expected to be around $16.2 billion. The focus on preventive health check-ups is essential for timely detection and holistic wellness. Additionally, artificial intelligence is poised to significantly transform healthcare service delivery and patient interaction.
Arunoday Singh-headed O-Health secures strategic funding
O-Health has received strategic funding from several investors to advance its healthcare technology solutions. The company aims to enhance its voice-first AI-enabled clinical pre-assessment platform for better patient information management. The investment will support the expansion into additional healthcare sectors and development of indigenous AI models and clinical hardware. O-Health plans to broaden its focus to include preventive health technologies and intelligent hospital workflows.
Samir Arora backed Helios Mid Cap Fund adds Aurobindo Pharma, 2 others, increase stake in Paytm, MCX and 16 others
Samir Arora-backed Helios Mid Cap Fund added Aurobindo Pharma, Zetwerk and PVR Inox in October, while increasing stakes in Paytm, MCX and 16 other stocks. The fund exited Park Medi World, expanded its portfolio to 77 stocks and reported assets under management of Rs 2,421 crore.
Is Cathie Wood betting on the next stage of the AI boom amid Wall Street’s tech stock crash, buying SpaceX and Nvidia while selling $120 million in Broadcom stock?
Cathie Wood is buying AI stocks while Wall Street is selling them. ARK Invest purchased nearly $49 million in SpaceX and $46 million in Nvidia after Thursday’s tech sell-off wiped out more than $3 trillion in US market value. But it sold $119.7 million in Broadcom and $20 million in CoreWeave. The contrasting trades raise questions about Wood’s AI strategy.
US midterm election results earthquake for Donald Trump to be followed by another wave of Jeffrey Epstein files jolts? Republican, Democratic Party House of Representatives are making big move
Epstein files' spectre may once again come back to haunt US politics after midterm elections results.
9-year-old Delhi girl dies after collapsing in classroom: Hyderabad Neurologist shares important steps schools, teachers and parents should take during medical emergencies
A tragic incident unfolded at Lovely Heritage School in Delhi when a nine-year-old girl suddenly collapsed and later passed away. This heartbreaking event has spurred discussions about the urgent need for school protocols regarding cardiac emergencies in children. Educational staff must be prepared to quickly assess responsiveness and initiate emergency calls. Additionally, implementing basic life support and CPR training for teachers is crucial.
Market wrap: Bajaj Finance, Shriram Finance, Apollo Hospital, ONGC top gainers and losers on Nifty and Sensex on Thursday
Indian equity markets staged a strong rally on Thursday, with the Sensex surging over 2,000 points and the Nifty jumping 576 points amid optimism following the US midterm election results. Bajaj Finance, Shriram Finance and M&M led the gainers, while Apollo Hospitals and ONGC featured among the top laggards.
NASA's Artemis II rocket punched 3,100-mile-long holes in Earth's atmosphere, disrupted GPS signals: Study
NASA's Artemis II mission created large disturbances in the ionosphere that disrupted GPS signals across the United States. These disturbances were significantly more intense than those from prior rocket launches, causing potential issues for technologies reliant on precise positioning. Researchers noted that even minor positioning errors could impact autonomous vehicles, which rely on GPS data. The mission set new records for human distance from Earth during a lunar flyby.
Trump’s pain makes D-Street bulls gain! IndiGo, Asian Paints, other crude-sensitive stocks rally up to 8% as oil drops below $95
Paint makers, airlines, tyre companies and OMCs rallied as crude oil prices plunged nearly 10%, falling below $95 a barrel. Lower oil prices raised hopes of easing input and fuel costs, while Trump's midterm setback added to the positive market sentiment.
Goldman, Apollo seek buyers for $40 billion SpaceX AI chip deal
Goldman Sachs and Apollo Global Management are in talks with investors to sell portions of a roughly $40 billion financing deal for SpaceX's AI chips, Bloomberg News reported on Wednesday.
Billionaire Leon Black sues US Rep. Robert Garcia for defamation over Epstein comments
Leon Black, a billionaire, has filed a defamation lawsuit against Congressman Robert Garcia for his statements. Garcia claimed that Black is linked to Jeffrey Epstein's crimes and named him in serious allegations. The lawsuit, filed in New York, seeks 7.25 million USD in damages due to harm caused by Garcia's comments. Black has previously denied knowledge of Epstein's activities and has faced significant public backlash.
Apollo Hospitals plans to add 5,800 beds over next five years, Gurugram facility to open in Q3 FY27
Apollo Hospitals is set to enhance its capacity by adding around 5,800 beds within the next five years. Their Gurugram facility, featuring approximately 470 beds, is expected to open by the third quarter of FY27.
China's Baidu launches AI model simulating road environment for robotaxis
Apollo World can generate "up to 100,000 km" (62,000 miles) of simulated driving daily, equivalent to about three years of real-world testing by a safety-driver-equipped autonomous vehicle, Baidu said. The system is capable of producing real-time multimodal data streams, such as camera and lidar observations, enabling self-driving systems to directly sense and navigate simulated environments.
Experts say health technology, preventive healthcare at inflection point, India ready to leverage
With a focus on preventive healthcare and wellness, India is on the verge of harnessing new technological innovations. Sangita Reddy from Apollo Hospitals stresses the significance of wearable devices in spotting health issues early on. In collaboration with Apollo Hospitals, Garmin Health is targeting rural health efforts and highlighting the event's health technology strides.
India's first public sector proton beam therapy unit to come up in Assam; state signs MoU with Belgian firm
Assam has signed an MoU with Belgium-based Ion Beam Applications (IBA) to set up India's first public-sector proton beam therapy centre in Guwahati at a cost of Rs 600 crore. The facility will offer advanced cancer treatment, particularly for children, and is expected to take at least three years to become operational.
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