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November 12, 2024

Trump's picks and contenders for top roles

Donald Trump has begun the process of choosing a cabinet and selecting other high-ranking administration officials following his presidential election victory. Here are the early picks and top contenders for some of the key posts overseeing defense, intelligence, diplomacy, trade, immigration and economic policymaking. Some are in contention for a range of posts. SUSIE WILES, chief of staff Trump on Thursday announced that Wiles, one of his two campaign managers, will be his White House chief of staff. While the specifics of her political views are somewhat unclear, Wiles, 67, is credited with running a successful and efficient campaign. Supporters hope she will instill a sense of order and discipline that was often lacking during Trump's first four-year term, when he cycled through a num

November 12, 2024

Trump picks Mike Waltz as Security Adviser

WASHINGTON: President-elect Donald Trump has picked Republican Representative Mike Waltz to be his national security adviser, two sources familiar with the matter told Reuters on Monday, tapping a retired Army Green Beret who has been a leading critic of China. Waltz, a Trump loyalist who also served in the National Guard as a colonel, has criticized Chinese activity in the Asia-Pacific and has voiced the need for the United States to be ready for a potential conflict in the region. The national security adviser is a powerful role, which does not require Senate confirmation. Waltz will be responsible for briefing Trump on key national security issues and coordinating with different agencies. While slamming the Biden administration for a disastrous withdrawal from Afghanistan in 2021, Waltz

November 12, 2024

RIL to pump Rs 65,000 cr into AP

New Delhi: Reliance Industries Ltd (RIL) will invest Rs 65,000 crore in Andhra Pradesh to set up 500 compressed biogas plants (CBG) over the next five years. This will be the biggest investment by the company outside Gujarat under its clean energy initiative.The plants, each involving an investment of Rs 130 crore, will be set up on wasteland in the state, said people aware of the matter. They are expected to generate direct and indirect employment for 250,000 people, as per the state government’s estimate. The plan was finalised in Mumbai between Anant Ambani, who heads RIL’s clean energy initiative, and Andhra Pradesh IT minister Nara Lokesh, who also leads the state cabinet’s sub-committee on job creation. 115191844A memorandum of understanding (MoU) will be signed between RI

November 12, 2024

Mutual fund flows stay resilient in choppy October

Mumbai: Retail investors used the sharp dips in the market in October to add to both their lump sum equity mutual fund schemes and systemic investment plans (SIP), taking both to record highs.Investors bought equity funds worth ₹41,887 crore in October, the highest ever in a month, compared to ₹34,419 crore in September. SIP purchases amounted to ₹25,323 crore, up from ₹24,509 crore in the previous month. Debt funds saw inflows of ₹1,57,402 crore, largely from overnight and liquid funds. Strong flows and an increase in stock market valuation took the total average assets under management of the industry to ₹68.5 lakh crore, against ₹68 lakh crore in the previous month."We have seen heightened volatility in markets with FIIs (foreign institutional investors) selling due to maj

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