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Why foreign investors withdraw ₹17,000 crore from Indian equities?

Foreign investors have pulled out a substantial ₹17,000 crore from Indian equities in the first ten days of May. This withdrawal is attributed to the elections and the uncertainty surrounding its outcome. The figure surpasses the net withdrawal of ₹8,700 crore in April, which was influenced by concerns over changes in India's tax treaty with Mauritius, and a sustained rise in US bond yields.

Sports

Virat Kohli becomes fourth player with 250 IPL appearances

Royal Challengers Bengaluru batter Virat Kohli is set to feature in his 250th Indian Premier League (IPL) encounter. The 62nd match of IPL 2024 between RCB and Delhi Capitals marks Kohli's milestone match. Kohli, IPL's leading run-scorer, has become only the fourth player with 250 appearances in the cash-rich league. He is currently the highest run-scorer in the ongoing IPL season.

Politics

Kejriwal announces '10 guarantees' for Lok Sabha Elections

Delhi Chief Minister Arvind Kejriwal has announced 10 "Kejriwal ki Guarantee" for the Lok Sabha elections. He explained that the announcement was delayed due to his arrest by the Enforcement Directorate (ED). Now that he's out on bail, he said he plans to discuss these guarantees with the Indian National Developmental Inclusive Alliance (INDIA). "I take this guarantee that after the INDIA alliance comes to power, I will make sure that these guarantees are implemented," he said.

Technology

Over 200 diabetics injured as app controlling insulin pump malfunctions

The US Food and Drug Administration (FDA) has issued a recall for version 2.7 of the t:connect app, an iOS application that controls insulin pumps for diabetes patients. The recall was prompted by a software glitch causing the app to crash and relaunch continuously on iPhones in a never-ending loop. This malfunction resulted in sending excessive Bluetooth signals to the paired t:slim X2 insulin pump, developed by Tandem Diabetes Care, thereby draining its battery rapidly, and causing over 200 injuries.

Entertainment

Kannada TV actor Pavithra Jayaram (35) dies in road accident

In a shocking incident, acclaimed Kannada actor Pavithra Jayaram has tragically lost her life in a road accident. The fatal collision occurred near Kurnool while she was en route to Hyderabad. Known for her roles in popular daily soaps like Robot Family, Jokali, Neeli, and Radha Ramana, the 35-year-old actor succumbed to her injuries at the accident scene, reportedly.

Business

Why foreign investors withdraw ₹17,000 crore from Indian equities?

Foreign investors have pulled out a substantial ₹17,000 crore from Indian equities in the first ten days of May. This withdrawal is attributed to the elections and the uncertainty surrounding its outcome. The figure surpasses the net withdrawal of ₹8,700 crore in April, which was influenced by concerns over changes in India's tax treaty with Mauritius, and a sustained rise in US bond yields.

Miscellaneous

First person to receive genetically modified pig kidney transplant dies

Richard "Rick" Slayman, the first individual to receive a genetically modified pig kidney transplant, has tragically passed away nearly two months post-procedure. The 62-year-old Massachusetts, United States, resident underwent the groundbreaking operation at Massachusetts General Hospital in March. The hospital's transplant team expressed their profound sorrow over Slayman's demise and extended condolences to his family, affirming they had no evidence suggesting his death was linked to the transplant.