## Top Stories of the Day: Market Slump, US Election Update, Bomb Threats, and ISRO Missions
Indian Markets Take a Dip
The Indian stock market experienced a fourth consecutive week of losses, with nine of the top ten most valued companies losing a staggering ₹ 2,09,952.26 crore in market capitalization. This downturn can be attributed to lackluster quarterly earnings and persistent selling by foreign institutional investors (FIIs), adding to the anxieties of investors already concerned about the bearish market. Hindustan Unilever and Reliance Industries Limited suffered the most significant losses in market capitalization among large-cap stocks.
US Election: Kamala Harris Reclaims Lead
In a closely contested race for the 2024 US presidential election, Vice President Kamala Harris has regained a slight lead over former President Donald Trump among likely voters nationwide, according to the latest ABC News/Ipsos poll. However, the report highlights the closeness of the race, leaving the outcome dependent on the Electoral College. The poll emphasized the crucial role of voter turnout in determining the election’s outcome.
Over 50 Flights Receive Bomb Threats
Security measures were heightened at airports across India after over 50 flights from various Indian airlines received bomb threats. One such incident involved an Akasa Airlines flight with 173 passengers landing safely at Maharishi Valmiki International Airport in Ayodhya, where it underwent thorough security checks. The authorities are investigating these threats and taking all necessary precautions.
ISRO Announces New Timelines for Space Missions
The Indian Space Research Organisation (ISRO) has announced new timelines for its upcoming major space missions. Chandrayaan-4, the fourth lunar mission, is expected to be launched in 2028. A fifth lunar mission, a joint venture with Japan’s JAXA, is planned for after 2028 and will feature a heavier rover compared to its predecessors. The ambitious Gaganyaan mission, aiming to send an Indian astronaut into space, is also on the horizon.
Other News Highlights:
* Prime Minister Narendra Modi warned against the “Digital Arrest” scam, urging the public to be aware of this growing fraud that targets individuals from various age groups and backgrounds.
* The primary market will see no new IPOs next week, but eight listings, including Waaree Energies, Deepak Builders, and Godavari Biorefineries, are scheduled to take place during Diwali week, potentially energizing the market.
* A new book detailing the life of Ratan Tata reveals that he began to have second thoughts about Cyrus Mistry’s suitability for leading the Tata group after observing his performance during the first year of his apprenticeship.
* Diljit Dosanjh’s first concert of his tour in Delhi was a massive event with over 50,000 attendees. However, the concert was marred by reports of poor arrangements and logistical issues, leading to frustration among attendees.
* Israel’s air strikes on Iran, claimed to be a precise and powerful attack, have drawn strong reactions from both sides. Prime Minister Netanyahu lauded the strikes, while Iran mourned the loss of four soldiers. The United Nations Security Council will convene to discuss the implications of these strikes.
Stay tuned for more updates on these and other developing news stories.
