
Modi launches Yellow Line of Namma Metro
Designed to serve eight lakh commuters along the Electronics City corridor, the new metro line aims to significantly ease road congestion—especially at the notoriously clogged Silk Board junction. However, the initial rollout has faced criticism due to limited operational capacity, with only three train sets available and resulting 25-minute intervals between services. Commuters have expressed frustration, describing the inauguration as largely symbolic given the insufficient frequency.
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First Post
2 minutes ago
- First Post
Shares shine brighter than gold: With 124% return in 2019-25, Indian stocks beat yellow metal
The Nifty 50 index rose 124 per cent between August 2019 and August 2025, just ahead of gold's 117 per cent gain. By contrast, Chinese A-shares posted a modest 6 per cent increase over the same period Indian equities have narrowly outperformed gold over the past six years, even as the precious metal surged on safe-haven demand during a period of heightened geopolitical uncertainty, according to the latest Bits and Pieces report from research firm CLSA. The Nifty 50 index rose 124 per cent between August 2019 and August 2025, just ahead of gold's 117 per cent gain. By contrast, Chinese A-shares posted a modest 6 per cent increase over the same period, showing the divergence in equity performance across Asia. STORY CONTINUES BELOW THIS AD Tech and crypto lead global rally The standout performer globally was Nvidia, whose share price skyrocketed 4,225 per cent from $4 in 2019 to $173 in 2025, driven by the semiconductor boom and surging demand for AI-related hardware. The 'Magnificent 7' Index (comprising Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla) jumped 766 per cent, cementing big tech's dominance in global equity returns, Economic Times reported. Bitcoin also staged a meteoric rise, climbing 1,001 per cent to $114,641, buoyed by mainstream adoption and public endorsements from the US president. The MSCI World Index, a benchmark for global equities, advanced 74 per cent. Macroeconomic backdrop The report places these gains against a backdrop of expanding global liquidity and rising debt levels. Global GDP grew 26 per cent over the period to $111 trillion, while global debt rose 27 per cent to $324 trillion. US government debt jumped 68 per cent to $37 trillion. Bond markets were the exception to the broader asset rally, with the Bloomberg Barclays Global Aggregate Bond Index slipping 2 per cent as rising interest rates weighed on fixed income returns. Safe-haven demand drives gold Gold's 117 per cent advance was fuelled by its role as a hedge against uncertainty, particularly after the Russia-Ukraine war erupted in 2022. Silver outperformed gold on a percentage basis, rising 124 per cent to $37 an ounce, aided by its dual role as a precious and industrial metal. Outlook CLSA's findings underline the widening gap in performance between technology-focused assets and more traditional investments. While the Nifty's performance signals resilience in India's equity market, the scale of Nvidia's rally and the rise of cryptocurrencies point to an investor preference for growth sectors capable of capitalising on structural technological shifts. The data also highlights that, despite macroeconomic headwinds, global risk appetite has remained strong, with liquidity and leverage fuelling returns across multiple asset classes.

Time of India
2 minutes ago
- Time of India
India to Get First Commercial Compound Semiconductor Fab in Odisha
/ Aug 12, 2025, 10:46PM IST The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved four new semiconductor projects worth ₹4,600 crore under the India Semiconductor Mission. These include India's first commercial compound semiconductor fabrication unit, an advanced glass-based packaging facility, and manufacturing plants in Odisha, Punjab, and Andhra Pradesh. Expected to create over 2,000 skilled jobs, the projects will support sectors such as telecom, EVs, defence, and consumer electronics, raising total ISM-approved investments to ₹1.6 lakh crore across 10 projects in six states.#indiasemiconductormission #pmmodi #semiconductor #chipmanufacturing #technology #electronics #makeinindia #atmanirbharbharat #odisha #andhrapradesh #punjab #ev #defence


Time of India
26 minutes ago
- Time of India
Dismantling the Department of Education: How Linda McMahon is using Louisiana as an unlikely success story
Dismantling the Department of Education: Linda McMahon's tour highlights Louisiana's role. (AP Photo) Education Secretary Linda McMahon has launched a nationwide tour to promote the Trump administration's goal of dismantling the US Department of Education and shifting control of education policy back to the states. The 'Returning Education to the States Tour' begins in Louisiana, a state highlighted for its notable improvements in elementary literacy since before the Covid-19 pandemic. The department currently manages federal student loan programmes, distributes grants to low-income schools, and enforces non-discrimination policies, but does not set curriculum standards. The administration's plan involves reducing the department's workforce and handing more responsibility to individual states. Louisiana's progress as a model for state control Louisiana is the only state to show improvement in fourth-grade reading scores since 2019, moving from last place nationally to 16th, according to The Nation's Report Card. Massachusetts remains the top-ranked state but experienced a decline in scores during the same period. McMahon emphasised during her visit that the tour aims to share successful strategies that states can choose to adopt, rather than imposing federal mandates. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sattva Lumina premium apartments: 2 BHK from ₹1.12 crore* and 3 BHK from ₹1.54 crore* Sattva Lumina Get Quote Undo 'These are things that you can choose from. These are things that have been successful in other states. It's not a mandate,' she said, as reported by the CBS News. S he argued that education should be returned to the states to allow for local innovation and creativity. 'When states are creative and innovative, you will see the kind of progress that you've seen here in Louisiana,' McMahon added, as quoted by the CBS News. Pandemic relief funding and local decision-making Louisiana received more than $5 billion in Covid-19 pandemic relief funds for education, which supported programmes including teacher training and academic outreach for struggling students. Cade Brumley, Louisiana's State Superintendent of Education, stated that the state's use of these funds demonstrated why it supports dismantling the Department of Education. 'We were able to use those pandemic dollars around the academic efforts that we knew were best for students in the state of Louisiana and that really worked,' he said, as reported by the CBS News. Brumley added that loosening restrictions on federal funds would allow state legislatures, parents, and communities to better decide how to allocate resources for their children. Legal challenges and funding concerns President Trump's executive order in March initiated the reduction of the department's workforce by about half. Despite legal challenges, the Supreme Court allowed these cuts to proceed in July. McMahon addressed worries about special education funding, stating, 'That is the least worry that anyone should have because Congress appropriates that money and it flows through whichever agency will be distributing it,' as quoted by the CBS News. The department currently manages grants supplementing state funding for over 7.5 million students with disabilities, though it is unclear which agency would take over if the department is abolished. The Department of Education represents less than 4% of the federal budget. Completely dismantling it would require congressional approval, which faces opposition from Democrats concerned about the impact on students reliant on federal aid. The administration's tour continues to promote state-based education management as an alternative to federal oversight. TOI Education is on WhatsApp now. Follow us here . Ready to navigate global policies? Secure your overseas future. Get expert guidance now!