From FII selling to fears around HMPV virus, here's why the Indian markets crashed on Monday, January 7, 2025

bear market, stocks, sensex, nifty, loss, growth, crash, index

The Union Budget for FY 2025-26 assumes significance as it comes on the back of lower than expected growth numbers in the second quarter and geopolitical uncertainty

Sitharaman

While HMPV may affect anyone with a weakened immune system, young children and people above the age of 65 are at higher risk

Human Metapneumovirus (HMPV)

The five-year loan was finalised last month at 120 basis points above the three-month Secured Overnight Financing Rate (SOFR), with $450 million denominated in Japanese yen

Reliance Industries Limited

The shooting unfolded in the 1500 block of Harry Thomas Way Northeast, located just 500 feet from the NoMa-Gallaudet U New York Avenue Metro station

Shooting, Gun

Even under ambitious climate policies, lower-income countries would see consumer food prices rise 2.45 times by 2050 while producer prices would rise 3.3 times, a study has found.
While the rise in consumer prices is less pronounced for farmers in lower-income countries, it would still make it harder for people in these countries to afford sufficient and healthy food, said researchers from the Potsdam Institute for Climate Impact Research (PIK), Germany.
"In high-income countries like the US or Germany, farmers receive less than a quarter of food spending, compared to over 70 per cent in Sub-Saharan Africa, where farming costs make up a larger portion of food prices," said David Meng-Chuen Chen, a PIK scientist and lead author of the study published in Nature Food.
"This gap underscores how differently food systems function across regions," he said.
The researchers projected that as economies develop and food systems industrialise, farmers will increasingly receive a smaller share 

Hunger, Africa

In smaller Indian cities and towns, where opportunities for advancement are few and dwindling, the nounis emerging as something of a social and cultural phenomenon

Phone, social media, mobile phones

Travel booking major OYO has launched a new check-in policy for partner hotels, starting from Meerut, introducing guidelines effective this year whereby unmarried couples will no longer be welcome to check in.
Under the revised policy, all couples will be asked to present valid proof of relationship at the time of check-in, including for bookings made online. OYO has empowered its partner hotels' discretion to decline couple bookings based on their judgment, aligning with local social sensibility, the company said.
OYO has given the directive to its partner hotels in Meerut to ensure this with immediate effect. Based on ground feedback, the company may expand this to more cities, people familiar with the policy change said.
"OYO has received feedback in the past from civil society groups especially in Meerut urging action to address this issue. Additionally, residents from few other cities have petitioned for disallowing unmarried couples to check-in at OYO hotels," they said.
Pawa

OYO, Oyo rooms, Oyo app, Oyo logo

Amid Congress' opposition to the dissolution of some districts and divisions created while it was in power in the state, Rajasthan BJP president Madan Rathore on Monday said the current government has not stopped any welfare scheme of the previous government.
If the Congress made a scheme only to get applause, then it is bound to be reviewed, Rathore said.
The BJP leader said that the previous Ashok Gehlot government kept an important project like the Eastern Rajasthan Canal Project ERCP pending for five years, but after coming to power, the BJP government first worked on the ERCP project and after signing an MoU, the tender process has also begun.
"The BJP government has not stopped any public welfare scheme of the previous Congress government, but if the Congress made a scheme only to get applause, then it is bound to be reviewed," he said.
The public welfare work done by the BJP government in one year is not visible to the Congress, which has always spread confusion, sometimes i

Congress, Congress flag

US President-elect Donald Trump said that Trudeau resigned as he knew that US can no longer suffer the massive trade deficits and subsidies that Canada requires to stay afloat

Donald Trump, Trump

AAP senior leader Manish Sisodia on Monday said 100 students have joined an internship programme, where they will assist in the election war room in the upcoming Delhi assembly polls and support his campaign for the Jangpura constituency.
According to a statement, around 1,000 students from across India applied for the internship and 100 were selected to manage various aspects of the election campaign, including war rooms, back rooms, research rooms, conducting field research, campaigning, and interacting with people.
The internship programme, titled 'Internship with Manish Sisodia', was launched on December 21 to provide young people with a practical understanding of how elections are conducted, how leaders operate, and how democracy functions as a powerful tool.
Sisodia said, "I had posted on social media that I am contesting elections from Jangpura and would love for the youth, especially college students, to join me and do an internship."
"The aim is for them to understand how 

Manish Sisodia, Sisodia, Manish

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Cong protests Rajasthan districts' dissolution, BJP says no schemes stopped

What a great nation it would be: Trump reacts to Trudeau's resignation

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HMPV virus, Trump inauguration, FII selling: Why Sensex crashed 1400 points

Jobs, growth, demand in focus as FinMin concludes pre-Budget talks

HMPV poses great risk for children, can lead to severe illness

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