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The Indian automotive landscape is evolving as consumers lean toward both luxury and sustainable options, according to <keyword id="20034170" type="General" weightage="20" keywordseo="Grant-Thornton-Bharat" source="keywords" meta.keywordsubtype="org" meta.entityname="Grant Thornton Bharat" meta.hostid="261" meta.entityid="Grant Thornton Bharat">Grant Thornton Bharat</keyword>’s survey, Shifting Gears: Understanding Passenger Vehicle Market Trends. The survey, gathering insights from over 3,500 respondents, found that 85% are interested in high-end variants, with a notable rise in preference for <keyword id="20372525" type="General" weightage="20" keywordseo="hybrid-vehicles" source="keywords">hybrid vehicles</keyword> over electric options. With 40% of respondents favouring hybrids and only 17% opting for EVs, the shift suggests a cautious approach as consumers await more robust <keyword id="20415012" type="General" weightage="20" keywordseo="EV-infrastructure" source="keywords">EV infrastructure</keyword> and incentives. Meanwhile, 34% still prefer petrol vehicles, indicating the ongoing transition in <keyword id="21046358" type="General" weightage="20" keywordseo="consumer-preferences" source="keywords">consumer preferences</keyword>. Hybrid vehicles, acting as a bridge, are likely to boost familiarity with green technology, paving the way for broader EV adoption in the future. According to Saket Mehra, Partner and Auto &amp; EV Industry Leader at Grant Thornton Bharat, automakers must focus on both hybrid and electric solutions to match changing demands. This year’s festive season—typically accounting for 30-40% of annual sales—is critical, yet high inventory levels, weather impacts, and regional elections have slowed growth. Utility (UV) and sports utility vehicles (SUVs) continue to dominate, now representing 65% of passenger vehicle sales with 13% growth year-over-year. Despite a slow start to FY25, the popularity of SUVs and UVs reflects a strong preference for versatile vehicles. Yet, automakers are grappling with inventory challenges, with 7.9 lakh units worth ₹79,000 crore in stock as of September 2024. To tap into festive demand, nearly 90% of consumers expect substantial discounts. The survey also highlights a shift in consumer priorities, with a heightened focus on <keyword id="20961985" type="General" weightage="20" keywordseo="vehicle-safety" source="keywords">vehicle safety</keyword> overtaking traditional factors like design or performance. Subscription models are also gaining traction, indicating a broader transformation in how Indians perceive mobility solutions.

Indian consumers shift gears toward luxury and sustainability in the auto sector: Survey

In an age of rapid <keyword id="22943705" type="General" weightage="20" keywordseo="satellite-deployment" source="keywords">satellite deployment</keyword>, the sky above is not just getting more crowded but also becoming noisier with unintended radio wave emissions. Satellite swarms orbiting Earth, particularly the second-generation <keyword id="19998609" type="General" weightage="100" keywordseo="Starlink-satellites" source="keywords">Starlink satellites</keyword>, are leaking more <keyword id="22477491" type="General" weightage="20" keywordseo="electromagnetic-radiation" source="keywords">electromagnetic radiation</keyword> than ever before. This radiation, which bleeds into protected wavelength bands reserved for <keyword id="21166517" type="General" weightage="20" keywordseo="radio-astronomy" source="keywords">radio astronomy</keyword>, is raising serious concerns among astronomers and researchers. <h2>Starlink v2 satellites: A significant increase in radiation </h2>The second-generation Starlink satellites, known as the v2mini and v2mini Direct-to-Cell versions, are at the centre of this issue. These satellites are leaking up to 32 times more radiation than their predecessors. When first addressed in 2023, <keyword id="19905255" type="General" weightage="20" keywordseo="SpaceX" source="keywords" meta.keywordsubtype="org" meta.entityname="SpaceX" meta.hostid="261" meta.entityid="SpaceX">SpaceX</keyword> acknowledged the problem and stated it was working on a solution. However, with 6,398 satellites now in orbit, the situation has only worsened. Cees Bassa, an astronomer with the Netherlands Institute for Radio Astronomy (ASTRON), highlighted the alarming data. "Compared to the faintest astrophysical sources that we observe with LOFAR, unintended electromagnetic radiation from Starlink satellites is 10 million times brighter," says Bassa. The gap between these signals is as vast as comparing the faintest stars visible to the naked eye to the brightness of the full Moon. With SpaceX launching approximately 40 second-generation Starlink satellites weekly, the problem is intensifying rapidly. While SpaceX is currently the largest player in low-Earth orbit, they are not alone in this burgeoning satellite race. A recent study has shown that constellation satellites are leaking radio waves outside the 10.7-to-12.7 gigahertz range used for communication downlink. Even more concerning is that some of this leakage occurs in the 150.05-to-153 MHz range, a band crucial for radio astronomy. These unintentional emissions interfere with sensitive astronomical observations, posing a serious threat to the future of space exploration. <div type="Article" hostid="261" msid="113349504" title="Do we really need so many satellites?" mstype="2" mssubtype="0"></div> <h2>Understanding the impact </h2>Using the LOw Frequency ARray (LOFAR) in Europe, a network of around 20,000 radio antennas, scientists conducted detailed observations to measure these unintended emissions. They detected radiation from 97 Starlink satellites in the 110-to-188 MHz frequency range, with emissions from the v2mini versions significantly stronger than their predecessors. Currently, no regulations are in place to address this unintended electromagnetic radiation from <keyword id="23169958" type="General" weightage="20" keywordseo="satellite-constellations" source="keywords">satellite constellations</keyword>. As more satellites enter orbit, these emissions are expected to grow brighter and more disruptive. Researchers are urging the implementation of new regulations and calling on companies like SpaceX to prioritise reducing these emissions as part of their sustainable space policies. "Humanity is clearly approaching an inflexion point where we need to take action to preserve our sky as a window to explore the Universe from Earth," says engineer Federico Di Vruno of the SKA Observatory. He notes that satellite companies, including Starlink, should take steps to minimise this unintended radiation, as it aligns with their broader goals of <keyword id="23248592" type="General" weightage="20" keywordseo="sustainable-space-exploration" source="keywords">sustainable space exploration</keyword>. Radio astronomy has been instrumental in many of the technologies we take for granted today, including WiFi, GPS, and medical imaging. If radio astronomy is compromised, it could have unforeseen consequences that extend beyond the study of the cosmos. Jessica Dempsey, ASTRON’s general and scientific director, emphasises the need for collaboration between regulators and industry players. "We just need the regulators to support us, and the industry to meet us halfway. Without mitigations, very soon the only constellations we will see will be human-made." Meanwhile, SpaceX has not commented on the growing radiation issue yet. However, with increasing pressure from the scientific community, the hope is that action will be taken before it’s too late. <div type="Article" hostid="261" msid="113162328" title="Elon Musk: SpaceX to launch first Starships to Mars in two years" mstype="2" mssubtype="0"></div>

Elon Musk’s Starlink satellites are ‘leaking’ radiation into protected wavelength bands and this can indirectly impact WiFi and GPS!

In a “groundbreaking" discovery, the European Space Agency (<keyword id="20401597" type="General" weightage="20" keywordseo="ESA" source="keywords">ESA</keyword>) has officially confirmed what scientists, environmentalists, and pretty much every living organism has known for millennia: Earth is habitable. Yes, you heard that right. Thanks to a flyby from ESA’s Jupiter Icy Moons Explorer (JUICE) spacecraft on August 20, we now have yet another confirmation that Earth hosts life. Phew, glad to get that settled. <h2>A quick Earth check-up</h2>Now, you might be wondering why ESA's shiny new spacecraft, designed to explore Jupiter's icy moons, is double-checking whether Earth is alive and kicking. Was it a slow news day? Did the spacecraft get lost on its way to Jupiter? Did scientists wanted to reconfirm given all the anthropogenic destruction? Launched in April 2023, JUICE is on an epic eight-year journey to the outer solar system, where it will study Jupiter’s moons — Ganymede, Callisto, and Europa — all of which might have oceans hidden beneath thick layers of ice. These oceans could potentially support life. But before JUICE gets to analyse alien seas, the team needed to make sure its instruments were working properly. And what better place to practise than the only planet we know has life? As Olivier Witasse, ESA’s JUICE project scientist, noted, "We are obviously not surprised by these results; it would have been extremely concerning to find out that Earth was not habitable!" <div type="Article" hostid="261" msid="113458367" title="The Earth had a Saturn-like ring of its own once, a shocking new study has suggested" mstype="2" mssubtype="0"></div>Scientists define ‘habitability’ as having conditions necessary to life to arrive and survive. Unsurprisingly, ESA instruments detected a cocktail of <keyword id="23237780" type="General" weightage="20" keywordseo="life-sustaining-ingredients" source="keywords">life-sustaining ingredients</keyword> on Earth: water in the atmosphere, as well as carbon, hydrogen, nitrogen, oxygen, phosphorus, and sulphur, commonly referred to as the "CHNOPS" elements. These are the are the most common ingredients of living organisms on any planetary body. <h2>Off to Jupiter!</h2>During its <keyword id="23237782" type="General" weightage="20" keywordseo="Earth-flyby" source="keywords">Earth flyby</keyword>, JUICE used two of its instruments — the Moons and Jupiter Imaging Spectrometer (MAJIS) and the Submillimeter Wave Instrument (SWI) — to scan our home planet. Now that JUICE has confirmed that its instruments are functioning properly, it can focus on its primary mission — determining if life could exist elsewhere in our solar system. JUICE is taking a short cut to Jupiter through the inner Solar System, after it completed the world-first lunar-Earth flyby last month. When the spacecraft finally reaches Jupiter's moons, it will repeat the same tests it ran on Earth, analysing the moons’ atmospheres and surfaces for any signs of life. <div type="Article" hostid="261" msid="113349504" title="Do we really need so many satellites?" mstype="2" mssubtype="0"></div>Interestingly, JUICE also gathered data on Earth's atmosphere, including its oxygen and carbon dioxide levels, to serve as a benchmark. If the Jovian moons have similar concentrations of these gases, scientists might be looking at potential homes for future space fish — or, more realistically, microbes. While this might not be the most shocking news of the century, it’s still a fun reminder of how unique our little blue planet is — at least until we find something similar in the Jovian system. But for now, Earth keeps its status as the only known entity in our solar system that hosts life as we know it.

It's official, folks! The ESA has finally confirmed that Earth indeed is still habitable (here’s why!)

<keyword id="19910265" type="General" weightage="100" keywordseo="Gold-prices" source="keywords">Gold prices</keyword> surged to a historic high on Tuesday, September 24, as global economic conditions and <keyword id="19955176" type="General" weightage="20" keywordseo="geopolitical-tensions" source="keywords">geopolitical tensions</keyword> pushed the precious metal to new levels, a CNBC report said. The spot price of gold rose to an unprecedented $2,638.37 per ounce during the day’s trading, while US <keyword id="20942333" type="General" weightage="20" keywordseo="gold-futures" source="keywords">gold futures</keyword> also spiked, reaching $2,661.60. In India, the cost of <keyword id="21271046" type="General" weightage="20" keywordseo="24-carat-gold" source="keywords">24-carat gold</keyword> climbed sharply, hitting ₹76,330 per 10 grams, marking an ongoing upward trend that analysts suggest could see prices nearing ₹78,000 per 10 grams in the coming weeks. <h2>Gold prices today</h2> While the prices of gold hit their <keyword id="19953076" type="General" weightage="20" keywordseo="record-high" source="keywords">record high</keyword> yesterday (September 24), today (September 25) the prices remained around Rs 76,000 per 10 grams. The price of 24-carat gold, recognised for its exceptional purity, was set at ₹76,370 per 10 grams. Meanwhile, 22-carat gold, commonly used in jewellery for its added durability from alloy mixing, was available at ₹70,010 per 10 grams. Here are the gold prices in some major cities of India today: <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">City </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">22 Carat Gold Rate Today </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">24 Carat Gold Rate Today </td></tr><tr><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">Delhi </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">70,160 </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">76,520 </td></tr><tr><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">Mumbai </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">70,010 </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">76,370 </td></tr><tr><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">Ahmedabad </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">70,060 </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">76,420 </td></tr><tr><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">Chennai </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">70,010 </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">76,370 </td></tr><tr><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">Kolkata </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">70,010 </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">76,370 </td></tr><tr><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">Gurugram </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">70,160 </td><td style="border-left:solid #cdcdcd 0.75pt;border-right:solid #cdcdcd 0.75pt;border-bottom:solid #cdcdcd 0.75pt;border-top:solid #cdcdcd 0.75pt;vertical-align:top;padding:8pt 4pt 8pt 4pt;overflow:hidden;overflow-wrap:break-word;">76,520 </td></tr></tbody></table> <h2>Gold prices touch record-high, analysts react </h2> Industry experts are optimistic that gold prices will continue their upward trajectory. As per a CNBC report, Colin Shah, Managing Director of <keyword id="20237409" type="General" weightage="20" keywordseo="Kama-Jewelry" source="keywords" meta.keywordsubtype="org" meta.entityname="Kama Jewelry" meta.hostid="261" meta.entityid="Kama Jewelry">Kama Jewelry</keyword>, predicts that the global price of gold could reach as high as $3,000 per ounce in the medium to long term. Shah attributed the ongoing rally to favourable global conditions, including the anticipated rate cuts by the <keyword id="19901377" type="General" weightage="20" keywordseo="US-Federal-Reserve" source="keywords">US Federal Reserve</keyword>. He also expected that in India, the price of gold will surpass ₹78,000 per 10 grams during the upcoming festive period. On the other hand, Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, observed that COMEX gold surged to $2,689.40 per ounce due to a sharp decline in US consumer confidence, which increased the likelihood of aggressive rate cuts by the <keyword id="19904332" type="General" weightage="20" keywordseo="federal-reserve" source="keywords">Federal Reserve</keyword>. "COMEX gold surged to $2,689.40 per ounce yesterday as a significant drop in US consumer confidence heightened expectations for aggressive interest rate cuts by the Federal Reserve. The US Conference Board's Consumer Confidence Index fell sharply in September to 98.7, down from 105.6 in August, its largest decline in three years. Concerns over the labor market, combined with lower US Treasury yields and the US dollar nearing a 14-month low, further fueled the rise in gold prices. Additionally, Fed Governor Michelle Bowman highlighted persistent inflation risks and advocated for a cautious approach to rate cuts to avoid reigniting inflation. Today, COMEX gold prices reached a record high of $2,694.89 per ounce, and expected to hold gains as the CME FedWatch Tool now indicates a 62.2% chance of a 50 basis point cut in November, up from just 29% a week ago. Ongoing fears of an escalating Israel-Hezbollah conflict are likely to enhance gold's appeal as a safe-haven asset," Chainwala said. Saish Sandeep Sawant Dessai, a base metals analyst at Angel One Ltd., noted that bullion prices climbed during yesterday's trading session, driven by momentum from the US Federal Reserve's bold rate cut and expectations of further reductions. "In yesterday’s trading session, the bullion prices traded higher as traders embraced the momentum generated by the U.S. Federal Reserve's bold interest rate cut and signs that further reductions were on the horizon. "The Fed policymakers said their large half-point rate cut last week was meant to try to sustain what they see as an emerging and healthy balance in the economy. Chicago Fed Bank President Austan Goolsbee said there are "lots of cuts" to come over the next 12 months, while Fed President Neel Kashkari noted that the actual path would depend on incoming data. Fed futures traders have priced in 75 basis points in rate cuts by the end of 2024, according to the CME FedWatch Tool. "Zero-yield bullion tends to be a preferred investment in a low interest rate environment and during geopolitical turmoil. On the geopolitical front, Hezbollah devices explode again in Lebanon on Wednesday, stoking tensions of wider conflict after similar explosions of the group's pagers the day before. This boosted the demand for safe haven gold," Dessai said.

Gold prices hit record high, could reach ₹78,000 per 10 grams in coming weeks

<ul class="summary-list"><li>The US economy is on solid footing with cooling inflation and continued growth.</li><li>Yet, the outlook for the stock market is less clear, with analysts divided over how long the bull rally can run. </li></ul>Things are looking great for the US economy.Inflation is falling, <a target="_blank" class="" href="https://www.businessinsider.com/employee-productivity-booming-workers-jobs-ai-stock-market-gdp-2024-3">productivity is rising,</a> and the Federal Reserve is easing monetary policy, which should act as a tailwind for economic growth.Economists have shifted from arguing about a potential recession to forecasting whether a "soft landing" or "no landing" is more likely. It seems the debate is simply <a target="_blank" href="https://www.businessinsider.com/america-new-economic-supercycle-growth-inflation-stock-market-global-chaos-2024-10">about how fast the economy can grow from here.</a>But the outlook for the stock market is less clear, with major Wall Street banks still divided on whether stock prices have further room to run.Stocks are trading near record highs, with the <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> on track to deliver back-to-back annual gains of more than 20%.Among the top analysts at Wall Street banks, there's some disagreement about whether all of the good news is priced in already or if the market can continue to rise beyond already lofty valuations. On the one hand, most see the gains set to continue, pushing past election uncertainty and continuing to lift stocks into 2025. However, beyond that timeline, uncertainty builds and outlooks get murky. Here's what Wall Street is saying about the prospects for the stock market heading into 2025 and beyond.<h2 id="62a39dfb-29e2-437a-b286-98b65dca264e">The Bulls</h2>A slew of Wall Street banks are chasing the record rally in the stock market this year, <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-targets-bull-market-goldman-ubs-bmo-2024-10">boosting their S&amp;P 500 year-end price targets</a> to play catch-up.Strategists at UBS <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-prediction-us-economy-no-landing-ubs-2024-10">increased their S&amp;P 500 price targets</a> in a note last week, expecting the S&amp;P 500 to hit 6,300 by June 2025 and 6,600 at the end of next year.That represents potential upside of 8% and 13%, respectively.UBS CIO head of US equities David Lefkowitz said "healthy" earnings growth will pave the way for further stock gains."Third-quarter earnings season has started on a positive note with bank management teams highlighting that consumer spending remains healthy and consistent with normal economic growth," Lefkowitz said.The bank said improving inflation, more Fed rate cuts, and accelerating investment in artificial intelligence should all help support the stock market next year.Strength begets more strength, and that's a big part of BMO strategist Brian Belski's bullish outlook for stocks into 2025.Belski <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-bmo-raises-year-end-sp500-price-target-2024-9">increased his year-end S&amp;P 500 price target to 6,100</a> from 5,600 last month, making him one of the most bullish strategists on Wall Street."We continue to be surprised by the strength of market gains and decided yet again that something more than an incremental adjustment was warranted," Belski said in the note.He's also encouraged by the broadening out of the stock market rally, as it's no longer concentrated in a handful of tech giants. That's healthy behavior for sustainable stock market gains, according to the note."This is a trend we expect to continue and should help to support future market gains even if the price and fundamental performance of Mag-X stocks continues to decelerate in the months ahead," Belski said.<h2 id="fc7c3d7b-c8d5-4665-bd3c-1c08a92b6ce4">The Bears</h2>The bearish strategists on Wall Street are sticking to their views even after being wrong all year. Their top worry is the potential for fewer interest rate cuts than expected and growing hype in AI that might fail to deliver.JPMorgan strategists have held firm to their bearish S&amp;P 500 year-end price target of 4,200, which represents potential downside of 28% from current levels.In a note earlier this month, JPMorgan strategist Dubravko Lakos-Bujas admitted that a recession appears off the table but said that AI investments are unlikely to pay off with lingering questions around monetization issues.Additionally, investor expectations of a Federal Reserve that is about to embark on a string of interest rate cuts could be disappointed if the economy continues to stay resilient, as it would limit the Fed's ability to cut rates, likely putting downward pressure on stock prices.Finally, JPMorgan warned in a note on Monday that third-quarter earnings have seen a flurry of estimate downgrades as sell-side analysts lower their expectations."Earnings downgrades have been significant," JPMorgan said, adding that they "appear to be worsening."Stifel strategist Barry Bannister has warned investors about <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-crash-sp500-prediction-bubble-overvalued-stifel-outlook-2024-10">a potential plunge in the stock market in 2025.</a>Elevated valuations, unfounded expectations for more Fed rate cuts, and hype for AI that ultimately falls short of expectations could create a perfect storm for lower stock prices next year."We took a clean sheet look at the equity market and came away with the same smh (shaking my head) emoji reaction. Despite all the soft-landing and Fed rate cut optimism, the S&amp;P 500 up almost 40% y/y has simply over-shot," Bannister said.While the strategist admitted that a "mania" could take hold in the market and push stock prices even higher from here, it will ultimately end with a crescendo and then a fresh swing to the downside."Sure, we can cherry-pick with the best of them and apply the most over-valued cyclically adjusted valuation level of the past 35 years to show about 10% further upside, but that same analysis of a century of manias also returns the S&amp;P 500 in 2025 to where 2024 began (down 26% from that prospective peak)," Bannister said.<h2 id="1f44d16a-28c8-40a7-bee1-9a426c3bf02e">Somewhere in between</h2>Goldman Sachs strategist David Kostin is bullish, at least in the short term.The bank's chief stock strategist recently increased his year-end S&amp;P 500 price target to 6,000 on the prospect of further growth in corporate earnings. "The primary driver of the upward revision to our 2025 EPS estimate is greater margin expansion," Kostin said. "The macro backdrop remains conducive to modest margin expansion, with prices charged outpacing input cost growth."And yet, Kostin also argues that <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-future-returns-decade-forecast-goldman-sachs-2024-10">a golden era of stock market returns is probably over</a>. In a note over the weekend, Kostin issued his 10-year forecast for the stock market. He said that a combination of extreme market concentration and high valuations suggests the S&amp;P 500 will deliver annualized returns of just 3% over the next 10 years. That's compared to the S&amp;P 500's annualized return of about 13% over the past 10 years."Investors should be prepared for equity returns during the next decade that are towards the lower end of their typical performance distribution relative to bonds and inflation," Kostin said.Goldman also sees stocks struggling relative to other assets over the next decade. The bank says the S&amp;P 500 has about a 72% chance of trailing bond-market returns and a 33% probability of lagging inflation through 2034.His long-term view aligns with other bears who fret that the coming decade will look much worse than the last. Stifel's Bannister has also argued for a "lost decade" for the stock market.

Wall Street is divided on the future of stocks. Here are bull and bear cases from the biggest banks.

New Delhi: <keyword id="21530712" type="General" weightage="100" keywordseo="Ola-Founder-Bhavish-Aggarwal" source="keywords">Ola Founder Bhavish Aggarwal</keyword> is placing bold bets on new-age technologies with a view for <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> to be at the forefront of the current global <keyword id="22912054" type="General" weightage="20" keywordseo="tech-transition" source="keywords">tech transition</keyword> led by AI, and build <keyword id="22912488" type="General" weightage="20" keywordseo="jobs-of-the-future" source="keywords">jobs of the future</keyword> in the country. In an interaction with PTI editors at the agency's headquarters here, he said the private sector has to do the bulk of job creation, step up and do more, while creating an enabling environment and correcting imbalances, such as that of trade, are the responsibility of the government. Aggarwal also supported the government's move to offer fiscal incentives to global EV makers, including Tesla, through the new EV policy saying it is important for India to attract all kinds of investment, and globally established players will help in the development of the EV ecosystem in the country. The group's newly-listed entity <keyword id="19945904" type="General" weightage="20" keywordseo="Ola" source="keywords" meta.keywordsubtype="org" meta.entityname="Ola" meta.hostid="83" meta.entityid="Ola">Ola</keyword> Electric aims to make India a global electric vehicle (EV) hub but the country has to invent an EV and energy transition paradigm for itself based on its needs as the world cannot achieve a sustainable future without India, he added. "There is a global technology transition happening and AI is a very important technology of the future, and we in India need to lead this journey. If you look at the current state, I think we are still adopters of somebody else's technology paradigms, especially in the digital world," Aggarwal said, explaining why the Ola group had set up AI start-up Krutrim last year. One of the things in Krutrim is to build AI models on Indian data, which is more attuned to Indian use cases, Indian paradigms, he said, adding, "We are making our own AI, on our own cloud, on our own chip." Despite India producing 20 per cent of the world's digital data at present, he lamented that the country does not fully own the data, as 80 per cent are stored outside, which are then processed into AI and "brought back into India and sold to us in dollars". When asked about concerns over AI leading to job losses, he allayed the apprehension saying that the IT boom created jobs in India when people feared that computers would take away jobs, and AI is a similar tool. "AI is not going to replace anyone. Maybe that future is a few decades away... We don't need to get anxious about that future right now. We need to, as a country, see that AI is going to amplify productivity. If we don't get onto the bandwagon, we will be left behind...," he asserted. In his view, Aggarwal said the way forward is for India to become experts in future technology. "Future technologies bring with it jobs of the future, supply chain of the future. And if we are global leaders, we are the fastest adoptive market of future technologies (then) jobs of the future will be built in India, supply chains of the future will be built in India. This is the only way... If we focus on protecting the past, you remain uncompetitive," he added. Sharing his take on employment generation in India, Aggarwal said, "I actually believe the private sector has to do the bulk of the job creation. The government's job is to create the enabling environment, create the fundamentals, help correct imbalances wherever they are, be it trade imbalances, etc and incentivise wherever it needs to be incentivised, like the PLI schemes." The government's steps such as the employment-linked incentives will also encourage private industry, he said, adding "But fundamentally the private sector has to step up and do more". Asked if the government is doing enough to create that ecosystem for the private sector, Aggarwal said, "I'm not in the government, so I want to put the limelight on ourselves. Is the private sector doing enough? I think we all can do more, and I'm on the same page. We all need to do more." In response to a query on his views over the government in extending the fiscal concession that companies like Tesla have been demanding from India, he said, "It is very important for India to attract all kinds of investment, especially (from) world leading companies. "Tesla is a best in class company. The more companies like these invest into India, the better it is for India, in a broad sense as well for the industry." He further said, "The (EV) ecosystem, including my company, will benefit from it, because it will raise the bar on expertise, on excellence, on talent, everything..." About the newly-listed entity Ola Electric, he said, "Our mission at Ola electric is to really make India a global EV hub." The company will build products such as electric two and three-wheelers that Indians need for the country to be able to invent an EV and energy transition paradigm for itself, different from the current global solution for sustainability that is focussed on electric luxury cars, Aggarwal added. On Ola Consumer, he said the ride-hailing mobility vertical is fairly profitable, while it is investing into the new e-commerce for which it has partnered with ONDC.

India needs to lead global tech transition, build jobs of the future: Ola Founder Bhavish Aggarwal

<ul class="summary-list"><li>Tesla's US market share has fallen below 50% for the first time.</li><li>While Tesla's dominance is waning, overall electric vehicle sales are growing.</li></ul>Tesla's dominance in the <a target="_blank" class="" href="https://www.businessinsider.com/electric-vehicle-misconceptions-about-the-ev-transition-market-sales-2024-5">EV market</a> is slipping, but it's not time for <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk">CEO Elon Musk</a> to panic just yet.<a target="_blank" class="" href="https://www.businessinsider.com/tesla-price-range-cost">Tesla</a>'s share of US electric vehicle sales in the second quarter fell to 49.7%, marking the first time its share had fallen below 50% in a quarter, according to data from Cox Automotive. The slip followed disappointing sales results and tough first-quarter financial results.While <a target="_blank" class="" href="https://www.businessinsider.com/tesla-robotaxi-ai-event-delayed-october-report-stock-falls-2024-7">Tesla is certainly facing its share of challenges</a> right now, losing market share is a sign of something much less threatening to the company's future.It's proof that Tesla is growing into a somewhat normal car company — a status it has <a target="_blank" class="" href="https://www.businessinsider.com/tesla-elon-musk-acted-normal-this-year-it-worked-out-2023-12">worked hard to achieve</a> — and that the segment it pioneered is finally maturing."Despite Tesla's declining sales, with its EV sales share now below 50% for the first time, the overall competitive landscape for electric vehicles is intensifying," Cox Automotive Industry Insights Director Stephanie Valdez-Streaty said in the company's EV sales report. "This increased competition is leading to continued price pressure, gradually boosting EV adoption."<a target="_blank" class="" href="https://www.businessinsider.com/tesla-ev-market-share-slipping-all-depends-on-cybertruck-2023-10">Tesla's chokehold</a> on the US electric vehicle market has been waning for a few years as more companies release their own electric models. Tesla commanded about 55% of the US EV market last year, down from 65.4% in 2022 and a much higher 79.4% share back in 2020, according to data from Experian.While this share drop looks staggering, it's important to remember that Tesla had previously enjoyed virtually zero competition in the US.<h2 id="d5fb91e5-8a68-40fd-bef0-4af4038882f7">Tesla finally has solid competition</h2>Tesla's success over the last two decades has sent legacy automakers — like GM, Ford, and Volkswagen — scrambling to catch up with Musk.For the past few years, the US market has seen the release of one <a target="_blank" href="https://www.businessinsider.com/ford-mustang-mach-e-price-cuts-tesla-price-war-electric-cars-evs-2023-1">"Tesla fighter"</a> after another. Meanwhile, Tesla has continued to grow its fleet of options, while enjoying the benefits of attracting <a target="_blank" href="https://www.businessinsider.com/ev-electric-car-sales-plateau-early-adopters-competition-2023-8">wealthy early EV adopters</a> who initially dominated the segment.The result today is that EV shoppers simply have more choices. Just in the second quarter, BMW, Cadillac, Honda, and Kia all offered new entries to the market, according to Cox. Many of these models are stealing market share from Tesla simply by existing.Take <a target="_blank" class="" href="https://www.businessinsider.com/chevy-silverado-equinox-ev-flood-the-zone-competitors-pull-back-2024-5">Chevrolet</a> for example. The bowtie brand is executing its plan to flood the EV market with new releases this year, and it appears to be paying off so far.Cox credits new releases like Chevy's electric Blazer, <a target="_blank" class="" href="https://www.businessinsider.com/chevy-equinox-ev-first-drive-much-needed-electric-crossover-suv-2024-5">Equinox</a>, and Silverado with adding 21,000 EVs to the market and chipping away at Tesla's dominance.<h2 id="34a05545-bab2-4354-a3d7-8a25f3557846">Musk made the right bet on EVs</h2>Even as its market share diminishes and <a target="_blank" class="" href="https://www.businessinsider.com/tesla-sales-miss-ev-slowdown-new-wave-customers-2024-4">sales slow</a>, Tesla remains the most dominant EV company in existence.So far in 2024, Tesla is still the top seller of EVs with 304,451 deliveries through June, according to Cox. There's a seismic gap between Tesla and second-place Ford, which has sold 44,180 EVs so far this year.Overall growth in the EV segment, regardless of Tesla's decline, also <a target="_blank" class="" href="https://www.businessinsider.com/tesla-can-make-cars-cheaper-than-competitors-2024-6">proves Musk right</a> in his bet on electric vehicles more than a decade ago.The EV market is still increasing in volume and share, <a target="_blank" class="" href="https://www.businessinsider.com/automakers-over-estimated-electric-vehicle-demand-early-adopters-2023-10">just at a slower rate</a> than when the segment first took off in 2020. And Tesla is still in a good position to benefit from that growth."The growth will, at times, be very slow, as all-time horizons in the automobile business are vast, but the long-term trajectory suggests that higher volumes of EVs will continue over time," Valdez-Streaty said.

Tesla's massive EV market share was never sustainable

The residential market shows a positive outlook, with 51% of stakeholders predicting higher sales over the next six months. However, a notable 24% expect stability, while 25% predict a potential decrease, reflecting a balanced yet cautious sentiment, as per a recent <keyword id="19895043" type="General" weightage="20" keywordseo="Knight-Frank" source="keywords" meta.keywordsubtype="org" meta.entityname="Knight Frank" meta.hostid="261" meta.entityid="Knight Frank">Knight Frank</keyword> report. The outlook for residential launches is also positive, with 61% expecting an increase, suggesting continued demand. A more tempered view is held by 20% of respondents who expect stability, and 19% foresee a decrease in launches. The Indian <keyword id="20152263" type="General" weightage="20" keywordseo="real-estate-sector" source="keywords">real estate sector</keyword> continues to reflect a positive outlook for the near future, though with a more cautious approach. In terms of pricing, 63% of stakeholders expect a rise, but 36% anticipate stable prices, and a very small minority predict a decline. G Hari Babu, National President, National Real Estate Development Council (<keyword id="20429653" type="General" weightage="20" keywordseo="naredco" source="keywords">NAREDCO</keyword>), said, "The residential and office markets continue to show notable activity, signaling ongoing growth and opportunity. Developers and other key stakeholders, including banks and financial institutions, are maintaining a positive outlook." He added, "This suggests that while there may be short-term challenges, the sector is well-positioned to adapt and thrive. The continued optimism and activity in the market highlight the sector's ability to sustain its momentum and drive forward, amidst changing conditions." The <keyword id="22822547" type="General" weightage="20" keywordseo="office-leasing-market" source="keywords">office leasing market</keyword> shows signs of strong recovery, with 63% of respondents predicting an increase in leasing activity, driven by positive business sentiments and <keyword id="21313740" type="General" weightage="20" keywordseo="economic-revival" source="keywords">economic revival</keyword>. However, 24% expect stability, and 13% foresee a decline. New office supply also remains a point of interest, with 47% expecting an increase, while 29% anticipate stability, and 24% forecast a decrease. Furthermore, 67% of stakeholders expect office rents to rise, signaling confidence in the market's ongoing growth, even as 27% anticipate stable rents and 7% expect a decrease. The <keyword id="20635920" type="General" weightage="20" keywordseo="future-sentiment-score" source="keywords">Future Sentiment Score</keyword>, which measures stakeholders' outlook over the next six months, saw adjustments across various regions. The North Zone score slightly decreased from 65 in Q1 2024 to 63 in Q2 2024, though it remains firmly optimistic. The South Zone witnessed a more significant drop from 76 to 65, signaling a moderated outlook. In the East Zone, the score fell from 77 to 65, largely influenced by the discontinuation of the 2% stamp duty cut. The West Zone also saw moderation, with the score dipping from 73 to 66, though it too, remains optimistic. The overall Developer Future Sentiment score decreased from 72 to 61, reflecting a more guarded approach. Developers, while cautious, continue to remain optimistic due to strong sales since early 2023. On the other hand, the Non-Developer Future Sentiment core, which includes financial institutions and PE funds, also moderated from 73 to 68. This shift indicates stakeholders' careful consideration of macroeconomic concerns. Optimism in India's broader economic scenario remains strong, with 59% of respondents expecting an improvement, reflecting confidence in the country's economic resilience. However, 24% foresee stability, and 17% predict a decline, underscoring global economic uncertainties. Meanwhile, 51% of respondents anticipate increased funding availability for real estate investments, reflecting continued confidence in the financial sector's support for the real estate market. Shishir Baijal, Chairman and Managing Director of Knight Frank India Pvt Ltd, noted, "As we transition through 2024, a host of factors are playing out globally. The global economic landscape shows resilience despite ongoing challenges. Inflation rates are gradually aligning with central bank targets, enabling a more supportive monetary policy. India, benefiting from stable post-election conditions, remains a strong growth beacon." He added, "Domestic consumption is robust, supported by consumer loans, though there are some signs of growth moderation. Food inflationary pressures persist, but are converging overall towards price stability targets. With a projected GDP growth rate of 7.2% for FY 2025, India's outlook remains positive. An effective monetary policy by the Reserve Bank of India has helped sustain growth with price stability, positioning India as one of the fastest-growing large economies globally." The Current Sentiment score, which reflects stakeholders' view of the market compared to six months ago, moderated from a decadal high of 72 in Q1 2024 to 65 in Q2 2024. This suggests a more measured outlook as stakeholders navigate evolving global economic conditions. Despite the dip, the score remains indicative of optimism. Looking forward, the Future Sentiment index also adjusted from 73 in Q1 2024 to 65 in Q2 2024, signaling a positive yet more conservative outlook for the near term. While macroeconomic uncertainties may dampen enthusiasm, stakeholders continue to show confidence in the sector's resilience and adaptability.

Despite budget provisions, residential housing market will see sales growth, notes recent report by Knight Frank

As the global urgency to combat <keyword id="19907392" type="General" weightage="20" keywordseo="climate-change" source="keywords">climate change</keyword> intensifies, all eyes are on India's <keyword id="19955368" type="General" weightage="100" keywordseo="Budget-2024" source="keywords">Budget 2024</keyword>, as there’s no better way to walk the talk than allocating funds. Speculation is rife about the potential measures the government may introduce to accelerate the transition to a sustainable energy future — a move that is supremely necessary after the slew of deadly climate catastrophes that we saw last year. India’s Union Budget 2024 will be presented by Finance Minister Nirmala Sitharaman in a couple of days, and is expected to reflect the nation’s commitment to achieving <keyword id="21280854" type="General" weightage="20" keywordseo="net-zero-carbon-emissions" source="keywords">net-zero carbon emissions</keyword> by 2070. Here are some of the key initiatives from the interim budget that was presented in February earlier this year, along with their anticipated impacts! <h2>Rooftop Solarisation</h2>One of the most talked-about initiatives is the ambitious rooftop solar programme, which aims to provide free electricity up to 300 units per month to one crore households. If implemented, this move will help in not only cutting down energy bills — a godsend for the middle- and lower-income folks — but will also give households a chance to generate and even sell their surplus power. <h2>Electric Vehicle (EV) Ecosystem</h2>Charging up the electric vehicle movement, the interim budget included measures to expand EV manufacturing and infrastructure in the country. The move aimed to accelerate the adoption of <keyword id="19895203" type="General" weightage="20" keywordseo="electric-vehicles" source="keywords">electric vehicles</keyword>, reducing emissions from the transport sector and making your commute cleaner and greener. Additionally, the government seemed keen on encouraging the adoption of electric buses to make urban travel more eco-friendly. <div type="Article" hostid="261" msid="111855546" title="Budget 2024: How will budget affect India’s position in the global space race?" mstype="2" mssubtype="0"></div> <h2><keyword id="20495045" type="General" weightage="20" keywordseo="offshore-wind-energy" source="keywords">Offshore Wind Energy</keyword></h2>Riding the winds of change, the interim budget introduced a viability gap funding for 1 GW of offshore wind energy. As per the Finance Ministry, this initiative aims to harness the power of India’s vast coastline, pushing the envelope on <keyword id="19895602" type="General" weightage="20" keywordseo="renewable-energy" source="keywords">renewable energy</keyword> and reducing our fossil fuel dependency. <h2><keyword id="22499996" type="General" weightage="20" keywordseo="national-green-hydrogen" source="keywords">National Green Hydrogen</keyword> Mission</h2>The interim budget also supercharged the National Green Hydrogen Mission with a massive boost to Rs 600 crore from last year’s Rs 297 crore. The government has continually insisted that Green Hydrogen is set to become the fuel of the future, and this announcement supports its development and adoption, paving the way for cleaner industrial processes. <h2>Coal Gasification and Liquefaction</h2>Switching up the coal game, the interim budget plans to set up coal gasification and liquefaction projects that will be able to process 100 metric tonnes by 2030. These projects aim to make the most out of coal in a cleaner way, especially by reducing our reliance on imported natural gas and slashing emissions. <div type="Article" hostid="261" msid="111827903" title="Union Budget 2024 for Railways: Expectations focused on improving passenger safety, experience, infrastructure" mstype="2" mssubtype="0"></div> <h2>Bioenergy and Biomass Aggregation</h2>Turning waste into wealth, the interim budget has also promised additional financial assistance for biomass aggregation. This, they explain, will help in creating a sustainable model for managing agricultural waste, promoting bioenergy production and giving farmers a new revenue stream. <h2>Research and Development (R&amp;D)</h2>In a nod to innovation, the interim budget allocated a whopping Rs 1 lakh crore for interest-free financing in “sunrise” R&amp;D for emerging <keyword id="19931192" type="General" weightage="20" keywordseo="green-technologies" source="keywords">green technologies</keyword>. If the government follows through on this promise, the funding could catapult a wave of innovation, supporting the transition to a sustainable energy future. By focusing on renewable energy, reducing carbon emissions, and supporting green technologies, India’s initial budget allocations seem to be taking significant strides towards its net-zero goal. Whether this will ultimately pan out to become a greener and more resilient future for its citizens remains to be seen.

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