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‘Will end in disaster’: Celebrity tech investor disagrees with Warren Buffett

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‘Will end in disaster’: Celebrity tech investor disagrees with Warren Buffett


Billionaire investor Warren Buffett preaches that the best option for most people is to invest in a low-fee S&P 500 index fund and hold it long-term, but Chamath Palihapitiya, a Sri Lankan-born Canadian venture capitalist, disagrees.

Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., May 5, 2019. Buffett is giving away another $5.3 billion worth of Berkshire Hathaway stock to five foundations in accordance with his longtime giving plan(Nati Harnik/AP)
Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., May 5, 2019. Buffett is giving away another $5.3 billion worth of Berkshire Hathaway stock to five foundations in accordance with his longtime giving plan(Nati Harnik/AP)

Also Read: Elon Musk’s lawsuit against OpenAI is now backed by the ‘godfather’ of AI: Report

Palihapitiya, who is also a cohost of the “All-In” podcast, wrote in a post on X (formerly Twitter) that a handful of tech stocks have become so valuable that owning the S&P 500 index, which is based on market capitalisation is more of a concentrated bet on those risky businesses rather than a bet on the market as a whole.

“This needs to be fixed or it will end in disaster,” he wrote, in reaction to a chart shared by Kevin Gordon, a senior investment strategist at Charles Schwab, which showed that the 10 most valuable S&P 500 stocks made for 39.9% of the index’s total capitalisation as on December 20.

These include Apple, Nvidia, Microsoft, Alphabet, Amazon, Meta, Tesla, Broadcom, Berkshire Hathaway, and Walmart, all collectively worth around $21 trillion, a little less than half of the index’s $50 trillion market cap.

Also Read: Who is Satoshi Nakamoto, the creator of Bitcoin?

He added that this lack of diversification means if Big Tech stocks take a hit, investors would suffer huge losses.

On top of this, Buffett himself has mostly avoided tech stocks throughout his career, citing that they tend to be expensive and that he lacks expertise in tech, but Apple alone is Berkshire’s largest position for most of the decade.

However, it is also important to know that Palihapitiya himself has seen criticism for promoting high-risk special purpose acquisition deals, or SPACs, during the pandemic, as well as for showing little remorse when their value fell, according to a Business Insider report.

Also Read: ‘Stakes are high’: Google CEO Sundar Pichai says 2025 will be a defining year for the company

Berkshire Hathaway, Buffet’s investment firm is however, quite diversified in general, owning billion dollar stakes in Coca-Cola and Bank of America, along with a slew of other businesses.

Warren Buffett is currently the 10th richest person in the world with a net worth of $142 billion, according to the Bloomberg Billionaires Index which also showed that his wealth has climbed $22.2 billion year-to-date.


Accel raises $650mn for 8th India fund

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Accel raises 0mn for 8th India fund


Accel raises $650mn for 8th India fund

BENGALURU: Accel secured $650 million for its eighth India-focused fund, as shown in the US SEC filings. This commitment demonstrates confidence in India’s growing startup ecosystem, despite global economic uncertainties affecting investment sentiment.
With this capital, Accel intends to enhance its backing for both nascent ventures and existing portfolio companies across sectors. This capital raise aligns with significant progress among Accel’s notable Indian investments. Swiggy, the food delivery service, and logistics firm BlackBuck are preparing for public offerings, whilst Bluestone, a jewellery retailer, submitted its draft papers for an IPO. These developments showcase Accel’s proficiency in supporting companies towards market leadership.
The firm was instrumental in developing prominent startups, including Flipkart, Freshworks, BrowserStack, Urban Company, and Zetwerk.




At least 10 killed in mass shooting in Montenegro, suspect kills himself | Gun Violence News

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At least 10 killed in mass shooting in Montenegro, suspect kills himself | Gun Violence News


Suspected gunman in shooting rampage in town of Cetinje shoots himself in the head after being surrounded by police.

Two children were among at least 10 people killed in a mass shooting that started at a restaurant in the small town of Cetinje in Montenegro and continued at three different locations, authorities said.

A local man suspected of carrying out the shootings, identified by police as Aleksandar Martinovic, 45, was confirmed to have died early on Thursday morning after turning the gun on himself and dying from his injuries while being transported to hospital.

Police had surrounded the suspect near his home in Cetinje. When police commanded him “to lay down his weapon, he shot himself in the head”, the country’s police chief, Lazar Scepanovic, told reporters.

“An attempt was made to transport him to a clinical centre, but he succumbed to his injuries in the meantime,” he said.

In a post on social media confirming that the suspected gunman had died, Montenegrin Prime Minister Milojko Spajic said the mass killing had “shrouded our country in black”.

“This senseless act has caused immeasurable sadness and bitterness in each of us. There are no words of comfort,” Spajic said.

Montenegro’s national security council will now consider “all options” in the aftermath of the attack, including a complete ban on the possession of weapons, the prime minister said, adding the country will observe three days of national mourning.

A forensic technician speaks on the phone on a street near the scene where a gunman opened fire at a restaurant and killed several people in Cetinje, Montenegro, January 1, 2025. REUTERS/Stevo Vasiljevic
A forensic technician speaks on the phone on a street near the scene where a gunman opened fire at a restaurant and killed several people in Cetinje, Montenegro, on January 1, 2025 [Stevo Vasiljevic/Reuters]

Interior Minister Danilo Saranovic told journalists that the two minors killed in the attacks, which started on Wednesday night, were children of the owner of the restaurant where the shooting spree began. The owner was also killed, he said.

The shooter had “killed members of his own family”, the minister said, adding that the suspect was thought to have been drinking heavily before the rampage.

Four people seriously wounded in the attack were reported to be fighting for their lives in a hospital in the Montenegrin capital Podgorica.

The suspect, who media reports said had a history of illegal weapons possession and received a suspended sentence in 2005 for violent behaviour, had fled after the shootings and was at large in Cetinje, a small valley town surrounded by rugged hills some 38km (23.6 miles) west of Podgorica.

All the roads in and out of the town had been blocked as police swarmed the streets before surrounding the suspect near his home.

The mass shooting was the second gun rampage over the past three years in Cetinje, Montenegro’s historic capital. An attacker also killed 10 people, including two children, in August 2022 before he was shot and killed by a passerby, The Associated Press news agency reports.

Montenegro, which has a population of just over 620,000 people, is known for its gun culture and many people traditionally have weapons.

Organised crime and corruption are two major issues also plaguing Montenegro, which authorities have pledged to tackle under pressure from the European Union that the tiny nation aspires to join.


Indian PV Market Posts Record Wholesales Of 43 Lakh Units In 2024 | Auto News

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Indian PV Market Posts Record Wholesales Of 43 Lakh Units In 2024 | Auto News


Indian PV Market Growth In 2024: The Indian passenger vehicles market registered record wholesales of 43 lakh units in 2024, with companies like market leader Maruti Suzuki, Hyundai, Tata Motors, Toyota Kirloskar Motor, and Kia posting their best-ever annual domestic sales. The continued growth of SUVs, along with rural markets playing a key role in driving up car sales, helped the industry better the previous best of nearly 41.1 lakh units posted in 2023.

“Last calendar year, it was close to 41,09,000 lakh units, while 2024 is around 43 lakh units. So, it is the growth of around 4.5 per cent to 4.7 per cent,” Maruti Suzuki India Ltd (MSIL) Senior Executive Officer, Marketing & Sales, Partho Banerjee said when asked about overall passenger vehicle wholesales in 2024. Maruti Suzuki itself posted its highest-ever wholesale and retail sales in 2024, he added.

“We have broken the record of highest-ever annual wholesales after six years, with 17,90,977 units in 2024, bettering the previous best of 17,51,919 units registered in 2018,” Banerjee said. In retail also, he said the company posted record sales of 17,88,405 units in 2024, breaking the previous record of 17,26,661 units sold in 2023.

Banerjee said various initiatives taken up by the company to expand the footprint of its premium retail outlet NEXA in smaller cities, towns and rural areas and innovative concepts like limited editions have paid dividends.

“Our rural sales have done pretty well actually. In the month of December, rural (sales) has grown by the tune of 16 per cent…Also in quarter three, rural growth has been pretty good, thanks to the good monsoon and good MSP prices. These have really helped in terms of growth in the rural market,” Banerjee noted.

In December 2024, MSIL’s total domestic passenger vehicle sales stood at 1,30,117 units compared to 1,04,778 units in the same month a year ago, up 24.18 per cent.

Its rival Hyundai Motor India Ltd also recorded its highest-ever yearly domestic sales of 6,05,433 units in 2024, up marginally from 6,02,111 units in 2023. It achieved the highest-ever yearly domestic SUV contribution of 67.6 per cent, the company said in a statement.

The company’s December domestic sales were 42,208 units compared to 42,750 units in December 2023, down 1.3 per cent. “The PV industry posted moderate growth in CY24 and is expected to touch a sales volume of 4.3 million units, with strong growth in the SUV segment and sustained traction for emission-friendly powertrains,” Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra said.

For Tata Motors, 2024 was the fourth consecutive year of highest-ever annual sales with 5.65 lakh units sold, he said, adding that the company remained “optimistic about the outlook of the PV industry”. In December 2024, the company posted a 1 per cent growth in total PV sales at 44,289 units compared to 43,675 units in the year-ago month.

Another automaker, Toyota Kirloskar Motor (TKM) also recorded its best-ever calendar year sales of 3,26,329 units in 2024. This was higher by 40 per cent against 2,33,346 units sold in 2023.

TKM Vice President, Sales-Service-Used Car Business, Sabari Manohar said the SUV and MPV segments were key contributors to the growth. “We are also observing a growing shift of consumer preferences towards vehicles offering sustainability, the value proposition of dependability quotient, enhanced safety and better resale value, which is boosting our sales,” he added.

Similarly, Kia India reported a 6 per cent rise in total sales at 2,55,038 units in 2024, recording its highest-ever annual sales. It sold 2,40,919 units in 2023. Kia India Senior Vice-President and Head of Sales and Marketing Hardeep Singh Brar said, “2024 has been a defining one for Kia India. Our focus on ensuring the timely delivery of our vehicles has not only allowed customers to enjoy their favourite Kia models but also strengthened our foundation for future growth”.

Mahindra & Mahindra reported passenger vehicle sales of 41,424 units in December 2024 against 35,174 units in the year-ago period, up 18 per cent. “The year ended on a high, as we became the only Indian auto company to attain the Dow Jones Sustainability Index (DJSI) world leader status within the auto sector,” M&M Ltd President, Automotive Division, Veejay Nakra said.

JSW MG Motor India reported a 55 per cent increase in sales at 7,516 units in December 2024. The company recorded its highest-ever EV sales in December, and NEV (new energy vehicle) sales accounted for over 70 per cent of the total sales, with its crossover utility vehicle Windsor alone clocking 3,785 units.

Nissan Motor India reported a 51.42 per cent jump in total wholesales at 11,676 units in December 2024 compared to 7,711 units in December 2023.

Its domestic sales stood at 2,118 units last month against 2,150 units in the year-ago period.

In the luxury segment, German carmaker Audi reported a 26.6 per cent year-on-year decline in retail sales at 5,816 units in 2024, impacted by supply chain issues. The company had recorded retail sales of 7,931 units in 2023.

“The first half of 2024 brought supply-related challenges for Audi India, yet the continued demand for our products reflects the enduring trust our customers place in the brand. With improved supplies in the second half of 2024, our volumes improved by 36 per cent in quarter four compared to quarter three of 2024,” Audi India Head Balbir Singh Dhillon said.


How the Ukraine War could come to an end in 2025

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How the Ukraine War could come to an end in 2025


BBC Black and white headshot of Volodymyr Zelensky, with treated background in red and greenBBC

“I must say that the situation is changing dramatically,” Russia’s president, Vladimir Putin, declared at his end-of-year news conference in December. “There is movement along the entire front line. Every day.”

In eastern Ukraine, Moscow’s war machine is gradually churning mile by mile through the wide open fields of the Donbas, enveloping and overwhelming villages and towns.

Some civilians are fleeing before the war reaches them. Others wait until the shells start exploding all around them before packing what belongings they can carry and boarding trains and buses to safety further west.

Russia is gaining ground more quickly than at any time since it launched its full-scale invasion in February 2022, despite Kyiv’s impressive record of well-publicised asymmetric attacks against its powerful neighbour.

Reuters A Ukrainian soldier fires a self-propelled howitzer at Russian troops. He looks away as it fires black smoke into the skyReuters

Despite some recent Ukrainian successes, the country appears to be losing

As the invasion reaches the end of its third year, at an estimated cost of a million people, killed or wounded, Ukraine appears to be losing.

In distant Washington, meanwhile, the unpredictable Donald Trump, not famous for his love of Ukraine or its leader, is about to take over in the White House.

It feels like an inflection point. But could 2025 really be the year when this devastating European conflict finally comes to a close – and if so what could the endgame look like?

‘Talk of negotiations is an illusion’

Trump’s promise to end the conflict within 24 hours of taking office is a typically grandiose boast, but it comes from a man who has clearly lost patience with the war and America’s costly involvement.

“The numbers of dead young soldiers lying on fields all over the place are staggering,” he has said. “It’s crazy what’s taking place.”

But the incoming US administration faces twin challenges, according to Michael Kofman, senior fellow at the Carnegie Endowment for International Peace.

“First, they’re going to inherit a war on a very negative trajectory, without a tremendous amount of time to stabilise the situation,” he said in December. “Second, they’re going to inherit it without a clear theory of success.”

The president-elect offered some clues during recent interviews about how he intends to approach the war.

He told Time Magazine he disagreed “vehemently” with the Biden administration’s decision, in November, to allow Ukraine to fire US-supplied long-range missiles at targets inside Russia.

“We’re just escalating this war and making it worse,” he said.

On 8 December, he was asked by NBC News if Ukraine should prepare for less aid.

“Possibly,” he replied. “Probably, sure.”

Reuters Donald Trump in suit and a bow tie attends a galaReuters

Donald Trump has promised to end the Ukraine conflict within 24 hours of taking office

But to those who fear, as many do, that America’s new leader is inclined to walk away from Ukraine, he offered hints of reassurance. “You can’t reach an agreement if you abandon, in my opinion,” he has said.

The truth is: Trump’s intentions are far from clear.

And for now, Ukrainian officials reject all talk of pressure, or the suggestion that Trump’s arrival necessarily means peace talks are imminent.

“There’s a lot of talk about negotiations, but it’s an illusion,” says Mykhailo Podolyak, advisor to the head of President Zelensky’s office.

“No negotiation process can take place because Russia has not been made to pay a high enough price for this war.”

Zelensky’s ‘smart strategy exercise’

For all Kyiv’s misgivings about negotiating while Russian forces continue their inexorable advance in the east, it’s clear that President Zelensky is anxious to position himself as the sort of man Trump can do business with.

The Ukrainian leader was quick to congratulate Trump on his election victory and wasted little time sending senior officials to meet the president-elect’s team.

With the help of France’s President Emmanuel Macron, Zelensky also secured a meeting with Trump when the two men visited Paris for the reopening of Notre Dame cathedral.

“What we’re seeing now is a very smart strategy exercise by President Zelensky,” his former foreign minister Dmytro Kuleba told the US Council on Foreign Relations in December.

Four different maps showing how military control of Ukraine has changed. It shows Russia's massive advance in March 2022, and also areas held or regained by Ukraine later on.

Zelensky, he said, was “signalling constructiveness and readiness to engage with President Trump.”

With little obvious sign that the Kremlin is making similar gestures, the government in Kyiv is clearly trying to get ahead of the game.

“Because Trump hasn’t fully explained how he’s going to go about it, Ukrainians are trying to give him some ideas that he may present as his own,” says Orysia Lutsevych, head of the Ukraine Forum at Chatham House.

“They know how to work with that ego.”

The Victory Plan: possible endgames

Even before the US election, there were signs that Zelensky was looking for ways to bolster Ukraine’s appeal as a future partner for a president-elect like Trump who is both instinctively transactional and reluctant to continue underwriting wider European security.

As part of his “Victory Plan”, unveiled in October, Zelensky suggested that battle-hardened Ukrainian troops could replace US forces in Europe after the war with Russia ends. And he offered the prospect of joint investments to exploit Ukraine’s natural resources, including uranium, graphite and lithium.

Such strategic resources, Zelensky warned, “will either strengthen Russia or Ukraine and the democratic world”.

Reuters Two soldiers in combat gear carrying lots of equipment Reuters

Ukraine has suggested its soldiers could replace US forces ordinarily stationed in Europe after the war with Russia was over

But other elements of the Ukrainian leader’s Victory Plan – Nato membership and its call for a “comprehensive non-nuclear strategic deterrence package” – seem to have met with a lukewarm response among Kyiv’s allies.

Nato membership in particular remains a sticking point, as it has been since well before Russia’s full-scale invasion.

For Kyiv, it’s the only way to guarantee the country’s future survival, against a rapacious Russian enemy bent on subjugating Ukraine.

But despite declaring last July that Ukraine was on an “irreversible path to full Euro-Atlantic integration, including Nato membership” the alliance is divided, with the US and Germany not yet in favour of issuing an invitation.

President Zelensky has indicated that if an offer of membership was extended to the whole country, within Ukraine’s internationally-recognised borders, he would be willing to accept that it would apply, initially, only to territory under Kyiv’s control.

This, he told Sky News in November, could end the “hot stage” of the war, allowing a diplomatic process to address the question of Ukraine’s final borders.

But, he said, no such offer had yet been made.

Kyiv’s shaky position

If not Nato, then what? With the possibility of Trump-led peace talks looming and Ukraine losing ground on the battlefield, the international debate is all about shoring up Kyiv’s shaky position.

“It’s critical to have strong, legal and practical guarantees,” Andriy Yermak, head of President Zelensky’s office, told Ukraine’s public broadcaster on 12 December.

Ukraine’s recent past, he said, had left a bitter legacy. “Unfortunately, from our experience, all the guarantees we had before did not result in security.”

Without concrete mechanisms akin to the sort of collective defence concept embodied by Article 5 of Nato’s founding treaty, observers fear there will be nothing to prevent another Russian attack.

“Zelensky understands that he cannot just have a naked ceasefire,” Orysia Lutsevych says.

“It has to be a ceasefire plus. It would be suicide for Zelensky just to accept a ceasefire and not to have any answer how Ukraine is protected.”

In European policy forums, experts have been looking at ways in which Europe might help to shoulder this heavy responsibility.

Reuters Soldiers walking alongside barbed wire as the sun setsReuters

Ukrainian soldiers in the Donetsk region

Ideas have included the deployment of peacekeepers in Ukraine (a proposal first floated last February by Macron), or the involvement of the British-led Joint Expeditionary Force, which pulls together forces from eight Nordic and Baltic countries, plus the Netherlands.

But Kofman is sceptical. “Security guarantees that don’t have the United States involved in them as one of the guarantors is like a donut with a giant missing middle in it.”

It’s a view echoed in Kyiv.

“What alternative could there be? There are no alternatives today,” says Mr Podolyak.

Pieces of paper, like the 1994 Budapest Memorandum (about Ukraine’s post-Soviet borders) or 2014-15 Minsk agreements (which sought to end the Donbas War) are worthless, he argues, without the added threat of military deterrence.

“Russia must understand that as soon as they start aggression, they will receive a significant number of strikes in response,” he says.

Britain, Biden and the role of the West

In the absence of agreement on Ukraine’s long term future, its allies are doing what they can to bolster its defences.

In December, Nato’s secretary general, Mark Rutte, said “everything” was being looked at, including the supply of additional air defence systems, in part to protect the country’s battered energy infrastructure from a renewed wave of coordinated Russian missile and drone attacks.

With Ukraine continuing to experience severe shortages of manpower, the UK Defence Secretary John Healey said the government might be willing to send British troops to Ukraine to help with training.

For its part, the departing Biden administration seems determined to deliver as much congressionally approved military assistance as it can to Ukraine before leaving office, although reports suggest it may run out of time to send everything.

On 21 December it was reported that Trump would continue to supply military aid to Ukraine, but would demand that NATO members dramatically increase their defence spending.

Kyiv’s allies have also continued to ratchet up sanctions on Moscow, in the hope that Russia’s war-time economy, which has proved stubbornly resilient, may finally break.

“There’s been deep frustration that sanctions haven’t just shattered the Russian economy beyond repair,” a US congressional source said, on condition of anonymity.

After multiple rounds of sanctions (fifteen from the EU alone), government officials have grown wary of predicting their successful impact.

But recent indicators are increasingly alarming for the Kremlin. With interest rates at 23%, inflation running above 9%, a falling rouble and growth expected to slow dramatically in 2025, the strains on Russia’s economy have rarely seemed more acute.

Putin is putting on a brave face. “The sanctions are having an effect,” he said during his end of year news conference, “but they are not of key importance.”

Along with Russia’s staggering losses on the battlefield – western officials estimate that Moscow is losing an average of 1,500 men, killed and wounded, every day – the cost of this war could yet drive Putin to the negotiating table.

But how much more territory will Ukraine have lost – and how many more people will have been killed – by the time that point is reached?

Top picture credit: Getty Images

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Palestinian Authority suspends Al Jazeera operations in the West Bank | News

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Palestinian Authority suspends Al Jazeera operations in the West Bank | News


PA accuses network of broadcasting ‘inciting material’ and ‘stirring strife’ in the country.

The Palestinian Authority (PA) has suspended the work of Al Jazeera temporarily in the occupied West Bank over “inciting material,” Palestinian official news agency Wafa has reported.

A ministerial committee that includes the culture, interior and communications ministries decided to suspend the broadcaster’s operations for what they described as broadcasting “inciting material and reports that were deceiving and stirring strife” in the country, Wafa reported on Wednesday.

There was no immediate comment from Al Jazeera Media Network.

The decision comes after Fatah, the Palestinian faction which dominates the PA, banned Al Jazeera from reporting from the governorate of Jenin in the northern occupied West Bank, citing its coverage of clashes between the Palestinian security forces and Palestinian armed groups in the area.

Fatah on December 24 had accused the broadcaster of sowing division in “our Arab homeland in general and in Palestine in particular” and encouraged Palestinians not to cooperate with the network.

In response, the network slammed Fatah, saying it had launched an “incitement campaign” against the network and its journalists in the occupied West Bank for its coverage of the clashes.

Al Jazeera’s Hamdah Salhut, reporting from the Jordanian capital Amman, said Palestinian security forces’ raids in Jenin were unpopular among the Palestinians in the West Bank.

“The PA has been conducting its own raids that are separate from Israeli forces … the PA has stepped up those raids in the last four weeks,” Salhut said. “These crackdowns in places like Jenin have killed several Palestinians,” she said.

‘A big mistake’

Mustafa Barghouti, the secretary-general of the Palestinian National Initiative, said Palestinians would be “astonished at this decision” to suspend Al Jazeera broadcasts.

“I think it’s a big mistake and this decision should be reversed as soon as possible,” Barghouti told Al Jazeera from Ramallah.

“If the PA has an issue with Al Jazeera, it should discuss it,” he said, especially since Al Jazeera has been “exposing the crimes against the Palestinian people … and [has been] promoting the Palestinian cause in general”.

“But more than that, it is an issue of freedom of … the press,” Barghouti said.

Israeli forces in September issued Al Jazeera with a military order to shut down operations after they raided the outlet’s bureau in the West Bank city of Ramallah – where the PA is based.

Meanwhile, the PA, which engages in security coordination with Israel, has continued its crackdown in Jenin – a stronghold for armed groups opposing Israel’s occupation.

Several civilians, PA soldiers and armed fighters have been killed since the start of “Operation Protect the Homeland”, including Jenin Brigades commander Yazid Ja’ayseh.

The fighting has focused Palestinian criticism on the PA, with the Popular Resistance Committees umbrella group accusing the organisation of operating “in line with the Zionist agenda”.


Honda Cars India sales spike by 20% in 2024, domestic sales decline 18%

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Honda Cars India sales spike by 20% in 2024, domestic sales decline 18%


Honda Cars India sales spike by 20% in 2024, domestic sales decline 18%

NEW DELHI: Honda Cars India Ltd (HCIL) announced a 20 per cent rise in total sales for 2024 on Wednesday, with 1,31,871 units sold compared to 1,10,143 units in 2023. However, domestic sales fell by 18.55 per cent, plunging to 68,650 units in 2024 from 84,289 units the previous year.
The company statement revealed that exports jumped more than two-fold to 63,221 units in 2024, against 25,854 units in 2023.
In December 2024 alone, HCIL recorded total sales of 9,460 units, comprising 5,603 domestic sales and 3,857 exports.
Kunal Behl, vice president of marketing & sales at Honda told news agency PTI, “2024 was a mixed bag for the industry. While the domestic car market had challenges towards creating fresh demand, HCIL recorded its highest ever exports in CY2024 largely driven by exports of our mid size SUV Honda Elevate.”
Looking ahead, Behl expressed optimism, “With a newly launched model (Amaze) and a strong commitment to the Indian market, we look forward to welcoming a prosperous 2025.”




What we know about attacker Shamsud-Din Jabbar

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What we know about attacker Shamsud-Din Jabbar


Reuters Police stand in dark at attack scene in new orleans.
Reuters

Ten people were killed and at least 35 injured after a man drove into large crowds in New Orleans, Louisiana, in the early hours of New Year’s Day, authorities have said.

Here’s what we know so far about what happened and the perpetrator.

How did the attack unfold?

Webcam appears to show police running to New Orleans attack scene

At 03:15 local time on New Year’s Day, a Ford pick-up truck rammed into crowds gather on Bourbon Street in the heart of New Orleans’ French Quarter.

CCTV footage shows a white, Ford F-150 Lightning vehicle driving onto the pavement to get around a police car before hitting pedestrians.

Police described the act as “very intentional”, adding that the attacker – identified as Shamsud-Din Jabbar – was “hell-bent on creating the carnage and the damage that he did”.

“This man was trying to run over as many people as he possibly could”, said New Orleans Police Chief Anne Kirkpatrick.

Jabbar was also armed and fired on law enforcement, injuring two officers. He was then killed by police gunfire.

Whit Davis, from Shreveport, Louisiana, told the BBC that he was held in a bar with a large group in the aftermath of the attack while police secured the scene.

When they left, they “were walking past dead and injured bodies all over the street”, he said.

Who was Shamsud-Din Jabbar?

The FBI has named the assailant as 42-year-old Shamsud-Din Jabbar, an Army veteran and US citizen from Texas.

A flag associated with the Islamic State group was found in the vehicle he was driving and the FBI said it was investigating what affiliations Jabbar may have had with terrorist groups.

The agency also said investigators did not believe that the suspect was solely responsible for the attack. Suspected improvised explosive devices were found in the area.

Watch: FBI gives update on New Orleans attacker

A long gun with a “suppressive device” on it – acting as a silencer – was also recovered.

According to a now-removed LinkedIn profile, Jabbar had worked in various roles in the US Army, including in human resources and IT, before he was discharged.

He studied at George State University from 2015 to 2017, graduating with a degree in Computer Information Systems.

He also appears to have worked in real estate, holding a license that expired in 2021. He had a criminal record, relating to traffic offences and theft.

The pick-up truck he was driving was electric and believed to have been rented in Texas via an app.

Who were the victims?

Police said 10 people were killed and at least 35 injured. None have been publicly named.

The University of Georgia’s president said one of its students was critically injured, while the Israeli government said two nationals were among those hurt.

Police said it appeared that the victims were mainly locals from New Orleans, even though many tourists were visiting for New Year celebrations and the now-postponed Sugar Bowl, part of the American football college play-offs.

It was due to kick off later on Wednesday evening at the Caesar Superdome, which is not far from scene of the attack.

Where did this happen?

A map showing the locations of Bourbon Street and Canal Street close to the Mississippi River in New Orleans, Louisiana

Bourbon Street is a well-known nightlife and tourist hotspot that is filled with restaurants, bars and clubs with live music.

It is within New Orleans’ French Quarter, a lively area that attracts tourists and locals, especially to celebrate New Year.

It was established by the French in 1718, and the original grid of streets designed back then is at the heart of what draws visitors to the city.

Every year, upwards of a million people flock to its famous Mardi Gras carnival and parade in the spring, famous for the strings of colourful beads worn by party-goers.


Air India Fully Committed To Improving Quality, Consistency Of Services: CEO Wilson | Mobility News

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Air India Fully Committed To Improving Quality, Consistency Of Services: CEO Wilson | Mobility News


New Delhi: Air India is fully committed to improving the quality and consistency of services, in all areas, so that it becomes the world-class airline, said CEO Campbell Wilson on Wednesday. In his new year’s greetings, Wilson mentioned that “Air India’s global coverage will further increase in the years ahead, not least because of the recent addition of 100 aircraft to its orderbook, augmenting the earlier commitment for 470 made in 2023.”

These new aircraft will be supported by a brand-new 12-bay maintenance facility and maintenance training school in Bengaluru, a new 34-aircraft flight school in Amravati, and the aforementioned training academy in Gurugram, underscoring our commitment to strengthening India’s aviation ecosystem, not just our airline, he said.

“Air India’s transformation covers every aspect of our business, and involves significant upgradation of systems, processes, infrastructure, equipment, and people. While the journey still has a way to go, some significant milestones have been achieved.” More than 100 new aircraft have been deployed, including India’s first Airbus A350 aircraft now flying from Delhi to London and New York, he added. 

“These are part of the one-third of our twin-aisle fleet that now sports modernised interiors and entertainment systems, with the remainder of the fleet progressively undergoing similar upgradation over the next two years. Interior refit of the single-aisle fleet, serving domestic and short-haul international destinations, is already well underway, and will be complete by mid-2025,” he said.

The merger of the four Tata airlines into one full-service airline, Air India, and one low-cost carrier, Air India Express, was completed in late 2024, and the erstwhile Vistara aircraft are now deployed on metro-to-metro domestic routes and to key international destinations such as Frankfurt and Singapore to ensure a consistently high-quality experience.

These mergers and new aircraft deliveries have taken fleet to 300 aircraft, allowing it to expand reach to over 100 destinations in India and around the world.

A new lounge for travellers in premium classes has been opened at Bengaluru and will soon be followed by another in Delhi during 2025, and in other key cities in time to come, he said.

Air India has covered a lot of ground in the period since privatisation. “We acknowledge there’s much more to be done. All 30,000 Air Indians are fully committed to improving the quality and consistency of our services, in all areas, so that Air India becomes the world-class airline we all want it to be”, he said.


Gaza population falls 6 percent since start of war, statistics agency says | Gaza News

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Gaza population falls 6 percent since start of war, statistics agency says | Gaza News


Population has declined by about 160,000 since Israel’s assault on Gaza began, official Palestinian statistics agency says.

The population of Gaza has fallen 6 percent since Israel’s devastating assault on the besieged Palestinian territory began nearly 15 months ago, according to the official Palestinian statistics agency.

About 100,000 Palestinians have left the enclave while more than 55,000 are presumed to have lost their lives, the Palestinian Central Bureau of Statistics (PCBS) said in a release on Tuesday.

Approximately 45,500 Palestinians, more than half of them women and children, have been killed since the war began and another 11,000 are missing, the bureau said, citing numbers from the Palestinian Health Ministry.

As such, the population of Gaza has declined by about 160,000 during the course of the war to 2.1 million, with more than a million, or 47 percent of the total remaining population, children under the age of 18, the PCBS said.

It said that Israel has “raged a brutal aggression against Gaza targeting all kinds of life there; humans, buildings and vital infrastructure … entire families were erased from the civil register. There are catastrophic human and material losses.”

Israel’s foreign ministry said the PCBS data was “fabricated, inflated, and manipulated in order to vilify Israel”.

Leading rights groups have accused Israel of carrying out acts of genocide in its war on Gaza, citing the vast scale of death and destruction and the denial of the delivery of essential services, including humanitarian aid.

The International Court of Justice (ICJ), the United Nations’s highest legal body, ruled last January that Israel must prevent acts of genocide against Palestinians, while Roman Catholic Pope Francis has suggested the global community should study whether Israel’s Gaza campaign constitutes genocide.

Israel has repeatedly rejected the accusations, claiming it abides by international law and has a right to defend itself against Hamas.

Israeli forces have continued to seal shut vital border crossings in Gaza, preventing the entry of desperately needed aid, including food and medicine.

In the north of the Strip, an even tighter siege has been imposed since Israel’s army launched a renewed ground offensive there in October. Residents there are trapped, facing a looming famine, and are enduring relentless Israeli bombardment while key medical facilities have been raided and burned down.

The PCBS said some 22 percent of Gaza’s population currently faces catastrophic levels of acute food insecurity, according to the criteria of the Integrated Food Security Phase Classification, a global monitor.

Included in that 22 percent are some 3,500 children at risk of death due to malnutrition and lack of food, the bureau said.

Some 60,000 pregnant women also face grave health risks in Gaza, the report said, due to the crumbling healthcare sector and a general lack of access to healthcare.

Babies are often born into harsh circumstances, with families unable to provide adequate support such as basic healthcare.

Several infants have lost their lives in recent days without access to healthcare facilities and due to plummeting temperatures, Gaza’s government media office said.

Israel’s war has displaced almost the entire population of Gaza, forcing tens of thousands of people into makeshift tents in open-air camps.