Top Stories | The war between Russia and Ukraine heats up, an exclusive for Snap’s CEO, an open offer for Adani and more

Russia claims to have shot down US missiles fired from Ukraine, while Putin warned of a nuclear response. Global markets are reeling from rising tensions, which are impacting key indices in Europe and the US. At home, Sensex and Nifty managed to break a seven-day losing streak despite a late sell-off.

In company news, Snap CEO Evan Spiegel is excited about the Indian augmented reality market. Meta is gearing up to challenge a hefty fine from the CCI for anti-competitive practices. Meanwhile, insurance stocks tumbled after the finance minister’s call for banks to focus on core banking.

Pollution in northern India continues to disrupt lives, with schools and colleges in Delhi moving online. A political drama is unfolding in Maharashtra ahead of the elections, as OpenAI faces a copyright lawsuit from ANI.

Sensex and Nifty end sharply at day’s high amid reports of Ukrainian attacks in Russia

The Nifty 50 and Sensex recovered on Tuesday but ended sharply below intraday highs amid media reports of possible Ukrainian attacks in Russia in the coming days after the United States lifted a ban on the former’s use of its missiles . The Nifty 50 closed in the green but lost nearly 900 points from its intraday highs today. The benchmark rose by 65 points to end at 23,519 points. Meanwhile, the Sensex closed up 239 points at 77,578.

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Meta to challenge CCI’s ₹213 crore fine for ‘unfair’ change in WhatsApp privacy policy

A day after the Competition Commission of India (CCI) fined Meta ₹213.14 crore for “using its position of strength” to change WhatsApp’s privacy policy for 2021, the tech giant on November 19 said it would plans to appeal because it disagrees with the decision. “We do not agree with the CCI’s decision and intend to appeal.

As a reminder, the 2021 update did not change the privacy of people’s personal messages and was offered as a choice for users at the time. We also ensured that no one would have their account deleted or lose functionality of the WhatsApp service as a result of this update,” a Meta spokesperson said in a statement.

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Why insurance stocks are falling today

Insurance stocks witnessed a decline on Tuesday (Nov 19) following Finance Minister Nirmala Sitharaman’s comments advising banks to focus on core banking activities and avoid excessive selling of insurance products.

At the time of writing, SBI Life Insurance shares were down over 3%, making it one of the worst performing stocks in the sector. HDFC Life Insurance and ICICI Prudential Life Insurance both fell almost 3%.

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ANI alleges copyright infringement by ChatGPT in Del HC, Open AI says Indian courts have no jurisdiction

In the first case of its kind in India, news agency ANI has moved the Delhi HC, claiming copyright infringement by Open AI’s major language AI model Chat GPT. The Delhi HC has agreed to hear the case but declined to issue interim directions against ChatGPT.

ANI has moved the Delhi High Court arguing that Open AI uses publicly available data to train ChatGPT, including ANI’s news stories. The news agency argued that news stories published by them are protected by copyright laws and are illegally used by Open AI.

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America hungry for a transformative future under Donald Trump: CEO of Snap

Evan Spiegel, head of short video platform Snap Inc, spoke of the clear “appetite” in the US for a fresh and exciting vision of the future after Donald Trump won a second term as president of the United States.

In a conversation with CNBC-TV18, Spiegel looked back on America’s growth history. He said big ideas have often shaped times of change and mentioned past American leaders such as Franklin D. Roosevelt and Ronald Reagan, whose ideas, he said, changed the course of the country for years. Although it is still too early to say whether now is such a moment, he sees possibilities.

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Ukraine carries out first attack with US missiles in Russia

Ukrainian forces carried out their first attack on a border area in Russia using Western-supplied missiles, as President Vladimir Putin approved an updated nuclear doctrine that expanded the conditions for the use of atomic weapons.

Ukraine has deployed ATACMS missiles to bomb a military facility in the western region of Bryansk, the Russian Defense Ministry said, according to Interfax news agency. It was the first known attack after President Joe Biden’s administration decided to approve Kyiv’s limited use of the weapons to hit targets in Russia, two months before Donald Trump took over and vowed to quickly end the war .

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Adani Group is nearing a deal to buy 60% stake in PSP Projects: Exclusive

The Adani Group is in advanced stages of negotiations to buy a stake in PSP Projects, sources with knowledge of the matter told CNBC-TV18. Sources said the Adani Group may acquire 60.14% stake from its promoters.

If the deal is completed, it could lead to an Open Offer for 26% of the public shares. PSP Projects currently has a market capitalization of ₹2,800 crore.

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Air pollution in Delhi: Delhi Metro hits record daily ridership of 78.67 lakh on November 18 amid severe pollution

Air quality in Delhi and surrounding areas, including Noida, Ghaziabad and Gurugram, reached an “alarmingly high” level on Tuesday, with most Air Quality Index (AQI) monitoring stations recording the maximum 500 mark in the severe plus category. For the seventh day in a row, the National Capital Region (NCR) remained under a thick layer of smog, raising concerns over public health and safety.

The dangerous air quality severely disrupted train services, with 22 trains delayed and eight rescheduled, leaving passengers stranded and frustrated. Prolonged exposure to the toxic smog has led to increasing concern among authorities and residents alike.

Educational institutions have also taken precautions. Delhi University announced a shift to online classes till November 23, while Jawaharlal Nehru University (JNU) will conduct virtual classes till November 22. These decisions have been made in response to worsening pollution levels and to protect students and staff. Jamia Millia Islamia has also announced that it will be conducting online classes until Saturday, November 23.

Watch LIVE updates on Delhi’s pollution here

Maharashtra Election 2024 Live: Mumbai Metro extends service hours for election day

Union Home Minister Amit Shah, who is on a two-day visit to Gujarat, on Monday evening (November 18) expressed confidence over the victory of the BJP and its allies in the Assembly elections in Maharashtra and Jharkhand.

Addressing a rally of the ruling BJP organized on the outskirts of Ahmedabad city, Shah noted that India was on track to become the third largest global economy by 2027, from fifth place now, under the able leadership of Prime Minister Narendra Modi.

Gujarat Chief Minister Bhupendra Patel was among the key leaders who attended the informal meeting organized by the party’s Ghatlodia assembly unit, a BJP release said.

Maharashtra, where the BJP is part of the ruling coalition, will vote in a single phase on November 20, while Jharkhand, where the saffron party is in opposition, will see the second and final round of voting on the same day. The results of the survey will be announced on November 23.

Watch live updates on Maharashtra elections here

India: growth tailwinds | What impact will Trump’s policies have on India?

As India’s growth shows signs of slowing, Latha Venkatesh speaks to Sanjeev Sanyal, member of the Prime Minister’s Economic Advisory Council, about the outlook for the economy, the need for interest rate cuts to boost growth and more. They also discuss the possible impact of incoming US President Donald Trump’s policies on the Indian economy and the differences in the economic performance of states.

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