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Headlines Trending Indian and World: Politics, E-Commerce, Lifestyle, Sports, Health & Entertainment on 22nd October 2024
The ‘Biggest’ Stories in World and Indian Headlines – October 22, 2024
Lidia Thorpe Takes Down Violent Image in Rising Huichle Row Over Heckling King Charles III
Australian Senator Lidia Thorpe has been criticized like never before following her protesting at the event in Canberra to prevent King Charles III from holding the ceremony. Thorpe is an Aboriginal woman and, like many in Indigenous Australia, she has been loud and open about her people’s rights. She shouted “You are not my king” and “This is not your land” during the ceremony before she was taken away. Some Indigenous activists praised her stand. Others have condemned the disruption.
The scandal snowballed after a cartoon posted on Thorpe’s Instagram and subsequently removed showed King Charles beheaded. Thorpe took down the posting, claiming that it was from an employee who had posted the picture without her knowledge and expressed her sorrow for what she said “she does not support.”.
Indigenous leaders such as Aunty Violet Sheridan and former senator Nova Peris had condemned the act, calling it not appropriate and it has derailed the reconciliation process. For Peris, “I don’t believe that one act, however offending, puts all that jeopardy, but I do believe it illustrates the difficulty Australia is on the journey of healing.” Thorpe however defended her action and explained that she did the protest to highlight historical injustices against Indigenous Australians, such as demanding an apology from the King about colonial atrocities.
2. Hyundai Stock Falls After Flat Market Launch
Hyundai Motor India Ltd had a subdued market debut on Thursday. Its shares opened at ₹1,934 on the NSE or 1.3% below the issue price and replicated the slide at the BSE. By the noon break, the stock had gone down further: it traded at ₹1,880 on the NSE, resulting in a decline of 2.78%.
The IPO, open between October 15 and 17, saw lukewarm responses from the retail side of investors, but institutional buyers helped the cause. It is the automaker’s first public share sale in more than two decades, and Hyundai had hoped the listing would improve visibility and liquidity in the Indian market. While it has been pretty sluggish on its debut, “we are optimistic about future performance,” said a Hyundai official.
South Korea Demands North Korea Withdraw Troops Sent to Russia
South Korea summoned Russia’s ambassador over reports that North Korea has sent special forces to help Moscow continue its war against Ukraine. Seoul’s spy agency said 1,500 North Korean troops had already arrived in Russia with another contingent reportedly on the way.
This is the first time Pyongyang has sent its military overseas with the intent to fight. The South Korean government responded by calling the actions reprehensible, calling for an immediate pullout of such North Korea forces as these troops violate UN restrictions if these relations are maintained. The Russian government exercised their right to maintain continued relations with Pyongyang and denied to comment on whether these troops would be used in combat capacities.
Prithvi Shaw Missed Mumbai Ranji Team But MCA Worried That He May Be Dropped Due to Being Overweight
And this was another hurdle that Prithvi Shaw encountered in his early career, as the youngster was missed out of Mumbai’s squad for their upcoming Ranji Trophy match. To replace him is an opener Akhil Herwadkar, and while he does come with some experience, perhaps the more disputed issue is a more pressing question – why Shaw?.
Shaw has been reported to have missed practice sessions over doubts he was not match fit and the attendance record was becoming quite alarming. Sources in the Mumbai Cricket Association had earlier said Shaw was missing practice sessions, attending only one for two which he missed. The team hopes that this temporary exclusion would make the 24-year-old mason man take his fitness and his approach to discipline more seriously.
PM Narendra Modi Leaves for BRICS Summit in Russia
Attended by the prime minister of India, Narendra Modi, who is in Russia on a visit, the 16th BRICS Summit will take place from October 22 to 24 in Kazan. Under the theme “Strengthening Multilateralism for Just Global Development and Security,” leaders from Brazil, Russia, China, and South Africa will discuss global issues.
This will be Modi’s second visit to Russia in 2024, following the July visit to attend the annual India-Russia summit. The Indian leader may hold bilateral meetings with other BRICS heads of state and touch upon several issues, including the scope of economic cooperation and geopolitical stability.
Sakshi Malik accuses Babita Phogat of inciting wrestlers against WFI chief
According to Olympic wrestler Sakshi Malik, Babita Phogat – a wrestler and BJP politician herself – played a very significant role in convincing other wrestlers to protest against WFI chief Brij Bhushan Sharan Singh. According to reports, Babita had called up several wrestlers in a meeting to urge protesting against the alleged misconduct of sexual harassment by Singh.
Phogat’s involvement brings a new dimension to the ongoing case against Singh, which remains under investigation. Malik dismissed reports that their protest was politically motivated by Congress and insisted that Phogat and other leaders of BJP arranged for the protest in Haryana. The case remains an unfolding one with legal procedures currently taking place in Delhi.
IndiGo Receives Bomb Threats on 10 Flights, Passengers Safe
IndiGo Airlines has been put through another security scare as 10 of its flights received bomb threats on Tuesday. The threat comes in the wake of several similar threats targeting Indian airlines in recent weeks, targeting both Vistara and Air India flights. While the threats were just a hoax, passengers were evacuated from all flights as a precaution.
After the sharp rise in bomb threats, the authorities are definitely contemplating changes in policies. While speaking with I&PR, Civil Aviation Minister K Rammohan Naidu said each and every threat should be treated with seriousness as hoaxes still continue but over 120 flights received bomb threats during the last week and hugely affect the airline operations.
Paytm Reports ₹928 Crore Profit in Q2 FY25, Stock Still Declines.
The parent of Paytm, One 97 Communications, reported a strong Q2 profit of ₹928 cr in FY25-which, prima facie, is unusual in itself. Exclude a one-time gain of ₹1,345 cr from the sale of its movie-ticketing business to Zomato, however, and Paytm would have registered a net loss of ₹415 cr, higher than that incurred in the same quarter last year.
Paytm stocks fell by about 8% even as the company delivered a profit after its earnings. The investors are still not won over as the company is unable to sustain profitability in its core business. On the other hand, for finance services that include loans and insurance, the company is hopeful as the growth of its customer base for such services came in solid.
Indian Stock Market Falls due to Global Economic Weakening
Indian stock market has been in a drooping mode since the last five sessions with weak global trends and dismal corporate earnings pulling back performance. According to the experts, the valuations have gone down due to the poor show by Union Budget 2024, which received a lukewarm response from investors who did not have too much enthusiasm over the budget called an extension of the interim budget. The budget failed to stimulate corporate growth.
Another factor is the global economic factors, where the US tech giants are giving week earnings signals, such as from Tesla and Alphabet. Institutional investors, whether it is domestic or foreign, are selling positions, which gives an added dimension to the fall of the market. Analysts are still worried for short-term prospects of Indian equity market.
City Union Bank Shares Surge with Strong Q2 Numbers
More than 13% gain is marked for the stock of City Union Bank after the bank turned out a good set of numbers for Q2 FY25. To be sure, improvements in quite a few key areas are indeed visible, such as gross NPAs falling to 3.54% and NII at ₹582 crore.
Profitability at the bank was highly encouraging with profit after tax for the quarter rising to ₹285 crore. Much of the buzz around the stock has been built on the improving asset quality of the bank along with strong RoE figures. This is the first instance in the last six quarters where City Union Bank has seen positive growth in operating profits, which reflects better business performance.
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