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News Bulletin - Financial highlights


"SpaceX's Polaris Dawn Crew Makes History with First All-Civilian Spacewalk"


Billionaire Jared Isaacman and SpaceX engineer Sarah Gillis made history on Thursday by completing the first-ever all-civilian spacewalk as part of SpaceX’s Polaris Dawn mission. Isaacman, Gillis, and their crew—retired Air Force Lt. Col. Scott Poteet and SpaceX engineer Anna Menon—launched on a five-day mission and reached the highest Earth orbit since 1972. The mission aims to test new technologies for future deep-space exploration, with all crew members donning advanced spacesuits for the spacewalk. Isaacman privately funded the mission, though the cost remains undisclosed.

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How Telegram became criminals’ favorite marketplace



Telegram has become a hub for illegal activities, with criminals using the platform to trade hacked data, drugs, weapons, and child exploitation content, according to law enforcement and researchers. The app's minimal content moderation and easy sign-up process have attracted identity thieves, drug traffickers, and pedophile networks. Despite facing legal pressure, including charges against its CEO for distributing illicit content, Telegram has been criticized for its lack of cooperation with investigations.




"Stock Market Surge: Sensex Soars 1,400 Points, Nifty Breaks Past 25,400 Mark"


Indian stock markets surged on Thursday, September 12, 2024, with the BSE Sensex skyrocketing 1,593 points (2%) to hit a record high of 83,116 during intraday trade, crossing the 83,000 mark for the first time. Similarly, the Nifty50 jumped 415 points to reach a lifetime high of 25,433. By the close, the indices slightly eased, with Sensex settling at 82,962.71, up 1,439.55 points (1.77%), and Nifty closing at 25,388.90, up 470.45 points (1.89%).




"HDFC in Discussions with Global Banks to Offload ₹8,400 Crore in Loans"


HDFC Bank, India’s largest private lender, is in talks with global banks to offload ₹8,400 crore ($1 billion) in loans through pass-through certificates to better align its credit book with deposits. The bank is also exploring selling up to ₹10,000 crore in loans to local asset management companies, following a ₹5,000 crore sale in June. HDFC’s credit-to-deposit ratio surged to 104% after its merger with Housing Development Finance Corp., compared to 85%-88% in previous years.



Mutual Fund AUM at all-time high of Rs 66.70 lakh crore in August: AMFI


India's mutual fund industry hit a record AUM of ₹66.70 lakh crore in August, driven by strong inflows across open-ended schemes and mark-to-market (MTM) gains in equities, according to AMFI. Growth and equity-oriented schemes saw assets surge to ₹30.09 lakh crore, accounting for 45% of total AUM. Equity AUM rose by ₹75,055 crore, buoyed by MTM gains and robust inflows, as optimism around a potential US Fed rate cut and consistent buying by domestic and foreign institutional investors fueled market highs. Sectoral/thematic funds saw the highest inflows, led by new fund offers (NFOs).


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