The stock market crash has severely impacted smallcap and midcap stocks, with significant losses for retail investors in February. The BSE Smallcap index fell 14%, and the Nifty Midcap 100 dropped 10.8%. Analysts express caution on smallcap and midcap valuations, emphasizing selectivity and quality investments.
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The Indian Council for Medical Research (ICMR) has issued new protocols for testing and validation methods of antibiotic susceptibility test kits. These protocols require validation at multiple sites across the country and specify the type of specimens used. The goal is to ensure reliable diagnostics and effective clinical decision-making to combat antimicrobial resistance.
Prime Minister Narendra Modi announced that the European Commission's visit to India aims to finalize a long-pending free trade agreement between the EU and India by year's end. This will be the largest deal of its kind globally, focusing on trade, technology, and inclusive development in the Indo-Pacific and Africa.
A massive fire at a firecracker storage godown near Deesa town in Banaskantha district claimed at least 21 lives, with several others injured, many suffering severe burns. The fire caused the building to collapse. Emergency teams are working to retrieve bodies, and the injured are being treated at Deesa government hospital.
Paul Goldschmidt expressed his time with the St. Louis Cardinals was mostly positive, but he was disappointed by their failure to win a World Series. Goldschmidt, now with the New York Yankees, reminisced about his career, which began with the Arizona Diamondbacks. His recent stats include 362 home runs, 2056 hits, and 1187 RBIs.
Apple is expanding its supplier network in India, engaging with Wipro Enterprises and Lakshmi Machine Works. This move aims to mitigate supply chain risks, reduce costs, and boost operational efficiency. Apple’s strategy reflects a long-term commitment to India.
Aam Aadmi Party released a poster accusing various leaders of dishonesty, including PM Modi and Congress's Rahul Gandhi. This action has escalated tensions between AAP and Congress, with Congress leader Alka Lamba challenging AAP's commitment to the INDIA bloc. The situation reflects ongoing internal conflicts and power struggles within the opposition against the BJP.
The Ministry of External Affairs is addressing the case of Indian student Neelam Shinde, hospitalized after an accident in the US. The US authorities are expediting visa formalities for her father, Tanaji Shinde, to visit her urgently. Nationalist Congress Party's Supriya Sule has requested the external affairs minister to assist in this matter.
Flight Lieutenant Siddharth Yadav, who died in an IAF Jaguar crash in Gujarat, had been engaged just 10 days prior and was set to marry in November. From a family with military roots, Siddharth's demise has cast a pall over planned celebrations in Rewari. IAF expressed deep regret and support for his grieving family.
BigBasket, backed by Tata, plans to go public within 12 to 24 months, targeting $3 billion in annual revenue and a positive Ebitda margin. The company is expanding its operations and improving its supply chain to boost profitability in preparation for the IPO.
Hardik Pandya is set for the ICC Champions Trophy, eager to replicate his performance in the 2022 T20 World Cup against Pakistan. Reflecting on the game, he emphasized handling pressure and focusing on team goals. Pandya aims to leverage his strengths and game awareness to make a significant impact in India's matches starting February 20.