Biggest Story In India Headlines 25th September 2024
On September 24, Israeli defense forces launched a targeted airstrike in the Dahiyeh suburb of Beirut, killing Ibrahim Qubaisi, the head of Hezbollah’s rocket and missile division. Qubaisi, who was responsible for commanding Hezbollah’s various missile units, was regarded as a key figure in the group’s military operations. The airstrike has escalated tensions in the region, with many speculating whether this marks the final straw before an all-out war between Israel and Hezbollah.
Hezbollah confirmed Qubaisi’s death, referring to him as a martyr who died “on the road to Jerusalem.” This strike is the latest in a series of violent escalations between Israel and Hezbollah, with fears mounting over the potential for a broader conflict involving Lebanon, Gaza, and possibly other factions in the region.
In a matter of grave concern, the Supreme Court of India has directed all states and union territories to provide detailed information regarding the number of missing children since 2020, as well as the mechanisms in place at the district level to track and recover them. The order came in response to a public interest litigation (PIL) filed by the NGO Guria Swayam Sevi Sansthan, which shed light on child trafficking networks.
The petition highlighted several cases in Uttar Pradesh last year where minor boys and girls were abducted and transported to other states through a network of middlemen. The Supreme Court bench, led by Justice Hrishikesh Roy, stressed the need for immediate action and transparency in addressing the issue, citing a well-established inter-state trafficking network.
The court has tasked the Centre with compiling the information provided by the states and union territories, urging authorities to take immediate steps to combat this pressing issue. A dedicated anti-human trafficking unit (AHTU) in each district is expected to play a critical role in rescuing missing children.
Goldman Sachs has expressed optimism about India’s economic growth, forecasting continued momentum in profit growth through 2030. In a recent note, the global brokerage highlighted India’s potential as one of the fastest-growing economies in the world. This growth trajectory is supported by a mid-teen profit growth rate, which has seen both Nifty’s total earnings and market capitalization achieve an impressive 18% compound annual growth rate (CAGR) over the past five years.
As a result, Goldman Sachs has issued a ‘buy’ recommendation for 20 stocks, which are expected to benefit from India’s economic expansion. These include Reliance Industries, Larsen & Toubro, NTPC, Mahindra & Mahindra, UltraTech Cement, Power Grid, Adani Ports, IndiGo, Eicher Motors, Havells, and others. The brokerage anticipates significant gains in sectors such as autos, real estate, chemicals, and industrials.
Actor Gopal Datt, who played a key role in comedian Zakir Khan’s television show Aapka Apna Zakir, is perplexed by the sudden cancellation of the show, which went off the air after less than a month. The show, which debuted on August 10, telecast its final episode on September 8. Datt, who was enthusiastic about exploring witty dialogues and humor on the show, expressed disappointment that the project ended so abruptly.
Datt stated that he was still figuring out how to make his role more engaging when the show was pulled. He speculated that the cancellation may have been due to low TRP ratings but noted that the show was still in its early stages and deserved more time to gain traction.
Missouri executed death row inmate Marcellus Williams on September 24 for the 1998 murder of Felicia Gayle, a former reporter for the St. Louis Post-Dispatch. Williams, 55, was put to death by lethal injection at the Eastern Reception, Diagnostic, and Correctional Center in Bonne Terre. His final words were “All praise to Allah in every situation.”
Williams was convicted of stabbing Gayle over 40 times during a daytime burglary at her home. Despite his appeals for clemency, which were supported by St. Louis County Prosecuting Attorney Wesley Bell and even members of the victim’s family, the U.S. Supreme Court rejected his final appeal. The case has reignited debates over the use of the death penalty in the United States, particularly in cases where there may be lingering questions about guilt or the fairness of the trial.
In an unexpected development, the number of ‘buy’ ratings in India’s booming $5 trillion equity market has dropped to its lowest level in over a decade. As of Tuesday, only 61 stocks on the NSE Nifty 200 index have a consensus ‘buy’ rating, according to data analyzed by Bloomberg. Stocks such as LIC Housing Finance, Sun TV Network, and Dr. Lal PathLabs have seen multiple downgrades this quarter, placing their average analyst rating at ‘hold.’
The decline in ‘buy’ ratings reflects growing concerns about corporate earnings and the high valuations of many Indian stocks, some of which have become “obscenely expensive,” according to Sahil Kapoor, a strategist at DSP Mutual Fund. As sales growth remains sluggish and profit margins are at their peak, analysts are becoming more cautious in their recommendations.
A group of Bangladeshi nationals in the United States staged a protest against Muhammad Yunus, the interim leader of Bangladesh, accusing him of orchestrating attacks on minorities. The protest took place outside a hotel in New York where Yunus was staying for the 79th United Nations General Assembly (UNGA) session. Demonstrators carried posters and chanted slogans, calling for Yunus to step down.
Protesters allege that Yunus came to power through “dirty politics” and accuse him of being responsible for the deaths of numerous people since his takeover. Yunus took control of the interim government following the resignation of Prime Minister Sheikh Hasina, who fled the country amidst escalating violence and unrest.
Amid the ongoing scandal surrounding Sean ‘Diddy’ Combs, Justin Bieber’s past comments about wanting to protect Billie Eilish from the “dark side” of the music industry have resurfaced. Bieber expressed his concerns in a 2020 interview with Apple Music’s Zane Lowe, where he tearfully recounted his own struggles as a young artist in the industry.
Bieber, who rose to fame at the age of 14, shared that he wanted to shield Eilish from the negative influences and pressures he experienced early in his career. His words have taken on new significance in light of Combs’ recent arrest on charges of sex trafficking and racketeering. The case has cast a harsh spotlight on the dark side of the entertainment industry and the challenges young artists face in navigating fame.
The unprecedented demand for Coldplay’s upcoming concerts in Mumbai has had a positive ripple effect on India’s music industry stocks, particularly companies like Tips Industries and Saregama. Both stocks have surged this year, with Tips up 92% and Saregama up 43%. The surge in stock prices is being attributed to India’s booming music streaming industry, which is being fueled by the country’s 750 million smartphone users.
Coldplay’s decision to add a third show to its Mumbai leg of the “Music of the Spheres World Tour 2025” further underscores the growing influence of digital streaming platforms in India. The concerts have sparked a surge in interest in music-related stocks, with investors bullish on the future of India’s entertainment sector.
Several Bollywood stars, including Shraddha Kapoor, Aditya Roy Kapur, Shilpa Shetty, and Suniel Shetty, made headlines at the Saudi “Welcome to Arabia” tourism event in Mumbai. The star-studded event saw actors reuniting on the red carpet, with fans gushing over the appearances of Shraddha and Aditya, who previously starred together in Aashiqui 2, and Shilpa and Suniel, who shared the screen in Dhadkan.
Shraddha Kapoor looked elegant in a black ensemble, while Aditya Roy Kapur opted for a tailored navy suit. Shilpa Shetty wowed the crowd in an ombre white and cream chiffon saree, adorned with pearls and lace detailing. Suniel Shetty also looked dashing in a classic grey suit, completing his look with black dress shoes and no-frame glasses. The event was a glamorous affair, showcasing Bollywood’s best in style.
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Source: Google
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