Jammu & Kashmir's chief minister, Omar Abdullah, announced the formation of a committee under chief secretary Atal Dulloo to create a plan for the regularization of daily wagers. Emphasizing the importance of this issue, Abdullah criticized the opposition for their previous lack of action and highlighted the budget’s focus on prioritizing welfare measures within limited resources.
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Shawn Michaels, a WWE legend, boasts an estimated net worth of $10 million. Known for his standout performances, he was one of the highest-paid stars in WWE history. After retiring from wrestling, he now serves as Senior VP of Talent Development (Creative) for WWE, nurturing new talents in the NXT brand.
US President-elect Donald Trump held an energetic rally in Washington, welcomed enthusiastically. Alongside tech tycoon Elon Musk, Trump vowed to end American decline with swift actions. Key points included immigration reforms and various executive orders aimed at transgender policies and critical race theory. He also promised to release crucial historical documents related to significant assassinations.
Cognizant CEO Ravi Kumar S aims to focus on the company's progress amid a legal dispute with Infosys. He underscores milestones such as enhanced AI integration, steady growth, and significant deals. Although facing macroeconomic challenges, Kumar remains optimistic about AI's potential to create new business opportunities.
NDA leaders convened at BJP president J P Nadda’s residence to mark the birth centenary of former PM Atal Bihari Vajpayee and discuss political strategies, including the assembly election in Delhi and the 'one nation, one election' proposal. The gathering underscored achievements under PM Narendra Modi’s leadership.
NASA astronauts Sunita Williams and Butch Wilmore are preparing to return to Earth after spending nine months on the ISS. Technical issues with Boeing’s Starliner delayed their return. The recently launched SpaceX Crew-10 mission will facilitate their journey back. The astronauts continued important research and station maintenance during their extended stay.
President Donald Trump announced his intention to make the US a leader in Bitcoin and cryptocurrency by ending the previous administration's regulatory constraints. He proposed new legislation for stablecoins and market structure, and highlighted initiatives like the Bitcoin Reserve. Trump emphasized the potential for economic growth, privacy, security, and maintaining US financial dominance.
Chess grandmaster Magnus Carlsen stirred the pot by declaring faster chess formats the "pure sport", criticising classical chess for being "too forgiving". He argued that rapid and blitz chess better reflect a player's all-around skills. Carlsen also critiqued the recent World Championship match between Gukesh and Ding, deeming the quality subpar.
The Supreme Court of India has granted bail to former Uttar Pradesh minister Azam Khan and his son Abdullah Azam Khan in a machine theft case. The decision overturns the Allahabad High Court's earlier bail denial. The ruling considered their time in custody and the filing of the chargesheet, with conditions to ensure compliance with legal proceedings.
New Income Tax Bill: The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax legislation. This proposed bill, featuring clearer language and concise sentences, is expected to reduce legal disputes and will be reviewed during the Budget session.
Stock market recommendations: Motilal Oswal Financial Services Ltd recommends Amber Enterprises and Kirloskar Oil for the week. Amber's revenue grew by 65% YoY in Q3FY25, driven by RAC and electronics. Kirloskar Oil is expected to benefit from stable demand in powergen segments.