The Indian stock market continued its upward trajectory on Monday, September 2nd, with the benchmark Nifty 50 index hitting a fresh record high for the 13th consecutive session. This bullish performance, despite weak global cues, was driven by gains in shares of major companies like ITC, Bajaj Finance, Infosys, Reliance, and HCL Tech.
In a significant development for the Indian semiconductor industry, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved the establishment of a semiconductor manufacturing unit by Kaynes Semicon Pvt. Ltd. in Sanand, Gujarat. The Kaynes ATMP semiconductor plant is projected to cost around ₹ 3,300 crore and will be a major step towards India’s goal of becoming a global semiconductor hub.
Indian automaker Tata Motors made a splash in the market with the launch of its new Curvv Coupe SUV. Priced between ₹ 9.99 lakh and ₹ 17.69 lakh (ex-showroom), the Curvv, designed to compete with the popular Hyundai Creta, is available in eight variants and six color options. These introductory prices are valid for bookings made until October 31, 2024.
The issue of a caste census in India sparked a debate on Monday, with the Rashtriya Swayamsevak Sangh (RSS) expressing concerns about the exercise being a ‘sensitive issue’. The Congress party, however, criticized the RSS’s stance, claiming that it is against giving Dalits their rights.
The Union Cabinet approved seven projects aimed at boosting India’s agricultural sector, including the Digital Agriculture Mission and the establishment of more Krishi Vigyan Kendras. This move comes after Finance Minister Nirmala Sitharaman outlined a plan for transforming agriculture through scientific approaches in her budget speech.
In a concerning incident, a shooting occurred outside the home of renowned Punjabi singer and rapper AP Dhillon in Vancouver, Canada. Reports suggest that a member of the Lawrence Bishnoi-Rohit Godara gang has claimed responsibility for the shooting.
The Netflix series “Kandahar Hijack”, which depicts the 1999 hijacking of Indian Airlines Flight 814, has faced criticism on social media over its portrayal of the hijackers. Critics have alleged that the series downplays the role of the Pakistan-based terror group Harkat-ul-Mujahideen in the incident. However, a government document has confirmed the use of aliases by the hijackers, further fueling the debate.
