India has become a hub for global cooperation and progress in the business sector with a string of major events and schemes. From hosting the International Cooperative Alliance Assembly to launching the White Revolution 2.0 for the dairy sector, India has been making strides towards economic growth and development. The country also witnessed key agreements and discussions with countries like the US, Japan, and Bhutan, showcasing the strengthening of international relations and cooperation in the field of business. In addition, the Indian government's key schemes, including the Middle Class Schemes and the FCI equity infusion, have received praise and recognition from top leaders like Amit Shah. Stay updated with the latest developments in the Indian business world.
India's Role as a Hub for Global Cooperation and Progress in Business
India has emerged as a significant player in the global business landscape, hosting major events and implementing initiatives that foster cooperation and promote economic growth. One notable event was the International Cooperative Alliance Assembly, which brought together cooperatives from around the world to share knowledge and best practices.
Major Events and Initiatives
Government Initiatives
The Indian government has implemented several schemes to support the business sector, including:
Benefits and Recognition
India's focus on global cooperation and business development has yielded positive results:
FAQs
1. What is the International Cooperative Alliance Assembly? It is a global assembly of cooperatives that promotes cooperation and sustainability.
2. What are the objectives of the White Revolution 2.0? To increase milk production, improve dairy farmer livelihoods, and enhance the dairy sector.
3. What role has India played in global business discussions? India has engaged in discussions with various countries to strengthen international relations and cooperation in business.
4. What financial assistance do Middle Class Schemes provide? These schemes offer tax benefits, housing subsidies, and other financial support to middle-class individuals.
5. What is the significance of FCI equity infusion? It strengthens FCI's financial stability, supports farmers, and ensures food security.
The Indian Health Ministry is taking action as the number of HMPV cases rises to five, with two patients in Tamil Nadu and none so far in Maharashtra. The 2019 outbreak began with two infants in Bengaluru but only one remains hospitalized. The respiratory illness has flu-like symptoms such as common cold, sore throat, and fever and the ministry has directed state health officials to monitor any SARI or ILI cases. Haryana's health minister has issued an advisory for civil surgeons in regards to respiratory diseases including HMPV.
The stock market saw a sharp decline on Tuesday, with the S&P 500 and Nasdaq Composite falling 0.9% and 1.6%, respectively. This was fueled by a rise in the yield of 10-year Treasurys, indicating concerns about the future of interest rates. The release of strong economic data, including better-than-expected job openings in November, also raised questions about the Fed's decision-making on rates. The tech sector was hit hard, with AI chipmaker Nvidia's stock dropping 5% after hitting an all-time high earlier in the day.
In an interesting turn of events, users of X (formerly Twitter) discovered a "X Score" feature that was touted to provide an insight into their social credit standing on the platform. However, most users were shocked when the AI assistant gave them a paltry 38 out of 100. This led to speculations of a possible algorithm tweak by X's owner Elon Musk, but later it was revealed that this was not an official feature and no changes had been made to the algorithm. So, if you're wondering why your views are going down, Musk has a simple answer for you.
Nazibur Rahman, former principal secretary to the Prime Minister's Office and National Board of Revenue chairman, has been sent to jail after his three-day remand in connection with the 2022 killing of a BNP activist. Police have implicated Rahman in the case after arresting him in October 2025. The incident began when BNP leaders and activists gathered in the capital as part of their party program. On December 7, 2022, police and AL men entered the BNP office and opened fire, injuring the activist. A case has been filed against 256 people, including Prime Minister Sheikh Hasina, for their involvement in the incident.
In a major shift, Facebook, Instagram, and Threads will no longer use fact-checkers to moderate content, instead relying on community notes similar to X. The move is intended to promote free speech and reduce mistakes in content moderation. Additionally, the company will be moving its trust and safety teams responsible for content policies and moderation from California to Texas and scrapping restrictions on topics like immigration and gender identity. However, there is a trade-off as the company admits it will catch less bad content but also reduce the number of innocent posts and accounts that are accidentally removed.
According to Sky Sports journalist Manuele Baiocchini, AC Milan is considering a potential loan deal for Manchester United star Marcus Rashford. Milan sees him as a potential reserve for Rafael Leão and a backup option for Álvaro Morata and Tammy Abraham. However, Rashford's high salary of €14 million per year is a major obstacle for Italian clubs. Talks have yet to take place, but Milan is open to discussing the deal if United helps cover the salary.
Standard Glass Lining Technology Ltd. is set to raise Rs 410.05 crore through its initial public offering, which has been subscribed 16.13 times so far on Tuesday. The grey market premium for the IPO currently stands at Rs 93, suggesting a potential 66.43% premium at listing. With an issue price range of Rs 133–140 and a combination of fresh issue and offer for sale, the company has already raised Rs 123 crore from anchor investors and is set to finalise allotment on Jan. 9 with a tentative listing date of Jan. 13.
The stock market saw a sharp decline in the morning hours of trading on Monday, with the Sensex plunging close to 800 points and the Nifty tanking over 250 points. This was attributed to fresh foreign fund outflows and the cautious stance of investors ahead of the upcoming earnings season. The broader markets also traded in the red, with the Nifty Microcap 250 leading the losses and the Nifty Metal and Realty indices dominating in the red. Meanwhile, the global oil benchmark Brent crude saw a slight dip, while the US markets ended on a positive note on Friday.
Microsoft recently faced a bug that led to the suspension of many Microsoft Rewards accounts. The company has acknowledged the issue and provided a fix, but affected users may have to wait a few hours before regaining access. This bug has caused not just inconvenience, but also the loss of reward points for many loyal Microsoft Rewards users. The error message reads "Your Microsoft Rewards account has been suspended" and may seem like a violation of terms and conditions, but Microsoft has clarified that it was only a technical issue. Despite the fix, affected users are rightfully questioning the false suspension and loss of their reward points.
Today, the much-awaited demerger of ITC Hotels from its parent company ITC was finally executed, with ITC shares starting to trade without its hotels business included. Analysts predict a fair price of Rs 264 per share for ITC Hotels, with shareholder eligibility for its shares being decided based on holdings of ITC shares as of today. The newly demerged ITC Hotels will soon be listed on the bourses, with Nomura expecting a listing price in the range of Rs 200-300 per share. In the meantime, ITC Hotels will remain a part of stock indices where ITC is a constituent, and its listing may be postponed in case of trading circuit limits being hit. This corporate action is expected to significantly impact shareholders of ITC, a prominent blue-chip stock in the Indian market.