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Nifty Hits 26,000 Post-Diwali; Jewellers Strike Gold With Bumper Sales

This report covers the Indian stock market's record-breaking rally, with the Nifty crossing the 26,000 mark, and features market expert Sharmila Joshi's outlook. Sharmila Joshi states, 'I personally think that this time it is a more sustainable than what we were seeing earlier.' The discussion delves into key sectors poised for outperformance in the new Samvat year, with a special focus on the consumption and FMCG space. It also highlights the phenomenal festive sales performance of the jewellery sector, with companies like P N Gadgil Jewellers reporting record numbers during Diwali. The conversation analyses the post-earnings stock movements of companies such as SBI Life Insurance and Kotak Mahindra Bank, and the future of gold and silver as investment assets.

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Elon Musk’s X Admits Lapses After Grok AI Obscenity Row; 3,500 Posts Removed in India

Following a big India Today impact on the Grok obscenity row, Elon Musk's social media platform X has admitted to lapses and assured compliance with Indian law, according to government sources. The action comes after the IT Ministry directed X to remove all vulgar and unlawful material generated by its AI chatbot, Grok. In its official submission, X stated it would take 'strict action against illegal content and confirmed that such material would be removed and accounts involved would be permanently suspended'. Following the centre's directives, the platform has blocked around 3,500 pieces of content and deleted over 600 accounts. Officials added that X has committed to ensuring that obscene imagery will not be allowed on the platform in the future. The government had found X's initial response inadequate, stressing that social media companies must take responsibility for the content they host.