Apple, Microsoft, Tesla, Nvidia, Google parent Alphabet, Amazon, and Meta suffered significant losses in market value, totaling over $750 billion on Monday, driven by concerns around new tariffs impacting tech companies. Apple alone shed $174 billion, and Tesla saw a 15% drop in stock value, its worst since 2020. The technology sector faces escalating trade tensions and economic uncertainty.
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ISRO's EOS-04 satellite captured detailed images of the ongoing Maha Kumbh Mela 2025 in Prayagraj. The images reveal extensive infrastructure like tent cities and pontoon bridges. Using radar technology to overcome cloud cover, ISRO's visuals assist in managing crowd control and disaster mitigation. Over 450 million devotees are expected during the event, which runs until February 26.
Budget 2025 expectations: Prime Minister Narendra Modi has invoked Goddess Lakshmi for the poor and middle class during his address at the start of Parliament's Budget 2025 session. With Finance Minister Nirmala Sitharaman set to present the Union Budget 2025, there is high anticipation for potential income tax relief and other measures to boost consumption and economic activities.
Ace shooter Manu Bhaker, awarded the Major Dhyan Chand Khel Ratna by President Droupadi Murmu at Rashtrapati Bhawan, achieved historic success at the Paris Olympics 2024 by winning two bronze medals, becoming the first Indian to secure two Olympic medals in shooting post-Independence and the second Indian woman to win two Olympic medals.
The Centre imposed President's rule in Manipur following CM N Biren Singh's resignation and unsuccessful attempts to form an alternative government. The assembly remains in suspended animation, with Governor Ajay Bhalla overseeing the state, aiming to create a neutral setting for peace talks between Meitei and Kuki-Zo leaders.
Stand-up comedian Samay Raina has been summoned by the Maharashtra Cyber Cell regarding his YouTube show, India's Got Latent, amid a controversy over controversial remarks. Raina and nearly 40 others involved have been issued notices, with YouTube removing the episode. Raina assured full cooperation and removed related videos from his channel.
AIMIM chief Asaduddin Owaisi criticized BJP leaders, labeling them "tubelights" after controversial remarks by BJP MPs against the Supreme Court and Chief Justice of India. Owaisi defended the judiciary, referencing Article 142 of the Constitution. The BJP has distanced itself from the MPs' statements, with party president J.P.
Panama has formally ended its participation in China's Belt and Road initiative, signaling efforts to improve relations with the Trump administration. The decision came alongside denials from Panama about a US State Department claim that US warships would transit the Panama Canal for free, despite the US announcing such a policy.
During a rally in Wisconsin, Tesla CEO Elon Musk was interrupted by a protester while discussing death threats. Musk accused George Soros of funding protests against Tesla. He countered the disruption with humor and chants of 'USA.' Musk also supported Republican Brad Schimel by offering financial incentives for petition signers against 'activist' judges.
Retail inflation has eased to a four-month low of 5.2% in December, largely due to softer food prices, especially vegetables. However, it remains above 5%, complicating conditions for the RBI to lower interest rates. Rural inflation, at 5.8%, outpaces the urban rate of 4.6%.
The Trump administration is scrutinizing federal consultancies like Booz Allen and Accenture, demanding clear reports on their government contracts and cost-cutting plans. Accenture's stock fell due to reduced US government work. The investigation aims to curb waste and spending in the $759 billion federal contract market, affecting major firms such as IBM and General Dynamics.