India's real estate market is poised for substantial growth, potentially reaching $5-10 trillion by 2047, fueled by urbanization and rising incomes. Millennials and Gen Z are set to dominate housing demand by 2030, prompting innovation in housing models and technology integration. REITs offer attractive yields, while residential sales remain resilient due to easing interest rates.
Southern China is bracing for Super Typhoon Ragasa, one of the strongest in years, prompting school and business closures, and flight cancellations. The typhoon, packing winds of 143 mph, is expected to make landfall in Guangdong province.
In New Zealand, Hakyung Lee faced trial for the murder of her two children. The bodies were discovered in suitcases years after the crime. Lee fled to South Korea but was extradited. She denied the charges, claiming insanity. The jury rejected her defense. Prosecutors argued Lee acted selfishly. She will remain in custody until sentencing in November.
The United Nations General Assembly is set to host over 140 world leaders in New York. Discussions will focus on resolving conflicts in Europe and the Middle East. Climate change and artificial intelligence are also key agenda items. Financial challenges facing the UN will be addressed. A two-state solution conference for the Israeli-Palestinian conflict already took place.
FCC Chair Brendan Carr denies government influence in Jimmy Kimmel's suspension, attributing it to ratings, despite his earlier calls for action against the ABC host. Disney reinstated the show after a brief suspension, while critics, including Democratic FCC Commissioner Anna Gomez, condemned Carr's actions as government intervention.
China's export engine remains strong, heading towards a record trade surplus by finding new markets in India, Africa, and Southeast Asia. This surge is causing international alarm, with countries weighing the impact on domestic industries against antagonising Beijing.
Asian stocks experienced a slight increase following Wall Street's record-breaking rally, fueled by renewed optimism in big tech, particularly Nvidia's investment in OpenAI. While US equities have risen for three weeks, buoyed by the anticipated Federal Reserve rate cut, investors are advised to remain cautiously optimistic.
Information technology stocks faced a downturn on Monday, pulling market indices down due to President Trump's decision to increase H-1B visa costs. The Nifty IT index experienced a significant drop, with major companies like Infosys, TCS, and Wipro declining. This move heightened concerns about the sector's growth prospects, already facing uncertainty from AI and a demand slowdown in the US.
The United Nations reiterated its support for a two-state solution as the only viable path to resolving the Israeli-Palestinian conflict, ahead of a key General Assembly session. Several nations, including France, Canada, the UK, and Australia, have formally recognized the State of Palestine, increasing international pressure on Israel.
Anand Rathi Share & Stock Brokers is set to launch an IPO. The company aims to raise 745 crore. This fresh equity will fund long-term working capital needs. The IPO will dilute promoter stake to 69.9%. The firm's active clients have increased significantly. Revenue has nearly doubled in recent years. The company provides broking and distribution services.
