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)

President Volodymyr Zelenskyy further urged to ensure everything to bring more good news in 2025, notably an end to the conflict with Russia

Volodymyr Zelenskyy, Zelenskyy

With reports flooding in over Rohit Sharma is not India's Test scheme in future, the captain rubbished the media reports in a interview with the broadcasters of India vs Australia Test series.

Rohit Sharma

In a momentous occasion for Indian Americans, six of their leaders on Friday were sworn-in as the members of the US House of Representatives, the largest so far for this minority ethnic community in the United States.
When I was first sworn in twelve years ago, I was the sole Indian American Member of Congress and only the third in US history. Now, our coalition is six strong! I am excited to welcome even more Indian Americans to the halls of Congress in the years to come! Congressman Dr Ami Bera said in a post on X.
Bera, the senior most of them, who has been sworn-in for the seventh consecutive term as a representative of the seventh Congressional District of California, also posted a picture of all the six Indian American Congressman from the floor of the House.
Suhash Subramanian, who represents the 10th Congressional District of Virginia is the newest Indian American to be a member of the House of Representatives. First day of work! Honoured to be sworn into the #119th Congress

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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 draft protection rules released by the government create a balance between regulation and innovation while completely protecting citizen rights, Union minister Ashwini Vaishnaw said on Saturday.
The government issued draft rules for the Digital Personal Data Protection (DPDP) Act on Friday for public consultation till February 18.
"Rules have to be within four walls of the Act. It is within the ambit of the Act passed by Parliament. These rules have been framed to ensure a balance between regulation and innovation while completely safeguarding the rights of citizens," Vaishnaw told PTI in an interview.
The minister said earlier there was only one template available to the world -- the European data protection rule with a high level of regulation. However, Indian rules have attempted to balance the regulation with innovation to safeguard the boom in the innovation ecosystem developing among startups in the country.
He said extensive consultations have been held with the industry

Ashwini Vaishnaw, Ashwini, Vaishnaw

As day 2 progressed in Sydney, Bumrah was seen going off the field just before lunch and was seen in training gears.

Jasprit Bumrah

Here are the best of Business Standard's opinion pieces for today

Blackstone in race for majority pie in Omega Healthcare

Fubo in a statement on Monday said it has settled all litigation with Disney and ESPN related to Venu, and also settled all litigation with Fox and Warner Bros Discovery

Warner Bros Discovery

Brent futures rose 27 cents, or 0.4 per cent, to $76.78 a barrel by 11:33 a.m. EST (1633 GMT), while US West Texas Intermediate crude rose 27 cents, or 0.4 per cent, to $74.23

Oil refinery, Oil production, Crude oil

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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Best of BS Opinion: A paper cut and a pause, the price of ignored lessons

Disney, Fox, Warner Bros drop Venu Sports appeal after Fubo merger deal

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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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