The former United States Secretary of State and noted diplomat #HenryKissinger has passed away at his home in Connecticut. He was 100 years old.

His company Kissinger Associates announced his death in a statement on the evening of November 29.

Read here: https://www.read.ht/RPdk

#PersonalFinance | Should you invest directly in stocks or opt for mutual funds? How about just going passive and buying the index through an exchange traded fund (ETF)?

Even as investors ponder over these questions in the wake of a market rally over the past six months that boosted small- and mid-caps and pushed up portfolio values, experts have advised caution. The market rally may instil a false sense of confidence in many investors, some experts warn.

Read here: https://www.read.ht/RPfU

#PersonalFinance | Subscribers to the #NationalPensionScheme (NPS) can now choose separate pension managers for three asset classes—equity, government security, and corporate bonds, as per an update provided by the Pension Fund Regulatory and Development Authority. The option, however, has not been extended to alternative assets.

Hitherto, subscribers could choose only one pension manager for all the asset classes.

Read here: https://www.read.ht/RPgO

Forbes has released its 17th annual list of philanthropists who donated generously and showed commitment to causes of their choice over the past year. The unranked list showcases names from the Asia-Pacific region.

The Forbes Asia list acknowledges individuals who donate from personal funds, showcasing their commitment to various causes, and three Indians – DLF's KP Singh, Infosys' Nandan Nilekani, and Zerodha's Nikhil Kamat have made the list this year.

https://www.read.ht/RPhc

#Mint20BestFunds | We have hand-picked 20 #mutualfunds for your portfolio that have jumped through hoops of good returns, low risk, good portfolio hygiene & our own qualitative research.

We have restricted the choice universe to 10 categories out of the total 37 & given you at least two options to pick from each.

Tata Technologies, a subsidiary of Tata Motors (TML), made an impressive market debut today, listing at a 140% premium to the issue price of ₹500. The stock opened at ₹1,200 on the NSE and ₹1199.95 on the BSE.

The stock ended the listing day at ₹1,327 on the NSE, a 165.4% premium to the IPO price of ₹500, and at ₹1,326.25 on the BSE, a 165.25% premium.

Read here: https://www.read.ht/RPo6

#MarketsWithMint | #Sensex and the #Nifty50 closed November with strong gains. This surge was fueled by an uplift in sentiment, driven by mounting anticipation of a peak in interest rates in the US, coupled with the continuing strength in India's economic growth prospects.

Sensex rose 4.9% while the Nifty 50 jumped 5.5% in November. This was Nifty's best month since July 2022. For the Sensex, it was the best month since October 2022.

Read here: https://www.read.ht/RPnC

#BreakingNews | India's #GDP increases to 7.6% in July-September

Read here: https://read.ht/RPrS

#MintCharts | As countries brainstorm on ways to curtail greenhouse gases at #COP28, a look at which country was the largest GHG emitter last year. The answer is China. The middle kingdom, the US, India, Russia, Brazil and Saudi Arabia were among the top 10 emitters in 2022.

#MintDataBytes | The world's biggest contributors to greenhouse gas emissions.

Take a look!

#PersonalFinance | Limited dental insurance in India prompts reliance on personal savings or loans. Fraud risks limit comprehensive coverage, while dental chains benefit from zero-cost EMI options. Loans are recommended for urgent treatment needs amid cash crunch - writes Aprajita Sharma

Read more: https://www.read.ht/RQXD

#PersonalFinance | Whether you are planning overseas travel or want to send money abroad, it is always a good idea to shop around for the best #forex exchange rate.

Here's a list of INR to USD forex rates offered by some of the major banks & travel aggregators.

Oil Marketing Companies (OMCs) increased the prices of commercial #LPG cylinders by ₹21 per cylinder in various locations throughout the country. The hike will come into effect from today i.e. 1 December.

However, price of domestic LPG - used in household kitchens for cooking purposes remained unchanged at ₹903 per 14.2-kg cylinder

Read more: https://www.read.ht/RQXJ

Manufacturing rises in November, input costs at 40-month low | #Nifty hits a new record, buoyed by Q2 growth | Auto demand steady in November

Read today's Mint e-paper here: https://epaper.livemint.com

#BestoftheWeek this week includes the Maldives president skipping India for his first foreign visit, increasing penalties levied on lenders by the #RBI, the battle to control #Religare and the passing of #CharlieMunger

(Nikhil Kanekal writes)

https://www.livemint.com/weekend/best-of-the-week-how-diplomatic-rows-threaten-economic-progress-among-other-things-11701446125689.html

Sensex hit its 11-week high, closing at the highest closing level since September 18, and logged its fifth straight weekly gain, along with Nifty 50.

https://www.livemint.com/market/stock-market-news/mcap-of-nine-most-valued-firms-up-rs-1-30-lakh-crore-airtel-tcs-among-biggest-gainers-11701589871257.html

The tech community around the world has celebrated the first birthday of ChatGPT. Aside from the OpenAI’ celebration, we also witnessed WhatsApp banning nearly 75 lakhs in India.

Here is weekly tech wrap up from this week:

https://www.livemint.com/technology/tech-news/weekly-tech-recap-chatgpts-1st-birthday-ios-update-17-1-2-more-11701600620593.html

With the #BJP heading towards victory in three out of the four states that went to polls recently, the party will now be in power in 12 states on its own, while the Congress, the second largest national party, will come down to three after losing #Rajasthan and #Chhattisgarh.

The Aam Aadmi Party, with its government in Delhi and Punjab, is third among national parties. #ElectionResults #AssemblyElections2023

Read here: https://www.read.ht/RRpO

#MintCharts | Among the four states whose elections results were announced, #Telangana will have the lowest share of women in its Assembly at 7.6%.

Women’s share in #Rajasthan Assembly is set to dip below one-tenth. #Chhattisgarh on the other hand will have the highest share of women at 23%. #ElectionResults

#ChartBeat | In FY23, the average room rate for hotels in India rose by nearly 39% year-on-year. Given the ongoing strong demand trends, Kotak Institutional Equities expects the growth rate to be 15% year-on-year in FY24.

True, foreign tourist arrivals have lagged pre-covid levels. But over the past two years, domestic demand has shouldered the burden, with rising spends on leisure and weddings.

The Bharatiya Janata Party’s (#BJP) victory with a decisive majority in the three Hindi heartland states of #Rajasthan, #MadhyaPradesh and #Chhattisgarh has cemented views of a political continuity after #LoksabhaElection2024, which analysts believe could provide comfort to the Indian stock market and likely trigger a rally in the short term.

Read here: https://www.read.ht/RSTh