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

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Markets Today Highlights: All sectoral indices ended in the red, with Nifty PSU Bank being the worst hit, ending down by 4 per cent, dragged by Union Bank of India, and Bank of Baroda

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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)

According to the licensing requirements, BharatPe has to bring down its stake in the bank to 10 per cent within eight years from the bank's operations

BharatPe Logo

Investing heavily in modernisation, the Chinese military has cautioned its armed forces against banking heavily on artificial intelligence saying that AI should be a tool to guide but not a replacement for human decision-making in the battlefield because it lacks self-awareness capability.
As AI evolves, it must remain a tool guided by human judgment, ensuring accountability, creativity, and strategic adaptability remain at the forefront of military decision-making an article published in People's Liberation Army Daily, the official media of the Chinese military said on New Year's Eve.
AI must work in tandem with human decision-makers to optimise command effectiveness, enhancing rather than replacing human agency, it said.
AI can be used to augment human capabilities  through data analysis, simulations or planning  but cannot replace the human factor.
Human autonomy and creativity are indispensable on the battlefield, it said adding that while human commanders can respond to ...

The move is part of China's efforts to encourage consumption to offset the effects of any new US tariffs on Chinese exports, which have been a key growth driver

China smartphone

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

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

The police said that Kangpokpi Superintendent of Police Manoj Prabhakar was injured in the attack

Manipur Security, Security

Leader of Opposition in Lok Sabha Rahul Gandhi on Monday condoled the death of soldiers in a Naxal attack in Chhattisgarh's Bijapur district and said the increased attacks raise serious questions about the government's ability to maintain national security.
Congress president Mallikarjun Kharge also offered his condolences and said the Union and the state governments should be more proactive to end this menace so that the precious lives of our soldiers are not endangered.
"Deeply saddened to hear about the martyrdom of many of our soldiers and a driver in the cowardly Naxalite attack in Bijapur, Chhattisgarh. I pay my heartfelt tribute to the martyrs and hope for the speedy recovery of the injured soldiers," Gandhi said in a post on X in Hindi.
Expressing his condolences to the bereaved families in this difficult time, the Congress leader said the entire country is united against terror and violence.
"The increase in martyrdom of soldiers raises serious questions about the ...

Rahul Gandhi, Rahul, Congress leader

At a broader level, it's time for the government to frame the much-awaited e-commerce policy, which has been in the making for years now

Ecommerce majors Amazon and Flipkart, which are planning to scale up their quick  commerce (qcom) operations, may need to invest at least $1 billion each over the next two-three years to catch up with established platforms, such as Zomato-owned Blink

Proactive communication and prevention would go a long way towards neutralising the impact of HMPV

HMPV, disease, illness, health

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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Rahul Gandhi, Kharge condole soldiers' death in Naxal attack; target govt

Foster competition: Policy should support, not restrict quick commerce

Dealing with HMPV: Govt must educate public on prevention measures

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

Stock Market Crash Highlights: Sensex sheds 1,258 pts in broad sell-off, Nifty at 23,616; VIX up 15%

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

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