India has appealed against a ruling of the WTO's trade dispute settlement panel, in a case filed by the European Union against New Delhi's import duties on certain information and technology products. The panel in April had ruled that import duties imposed by India on certain information and technology (ICT) products violate global trading norms.

Indian benchmark indices, Sensex and Nifty 50, are set to scale new highs on December 15 after a continued massive rally in global stocks on elevated bets of a U.S. rate cut by March 2024 after the Federal Reserve's policy meeting earlier this week.

An advisory group meeting, led by the Minister of Civil Aviation Jyotiraditya M Scindia was conducted on Tuesday with key representatives from the airline industry to discuss services and performance of airlines.

To bolster the connectivity of tier-2 and tier-3 cities like Ayodhya and Surat with international destinations, Scindia asked airlines to submit individual aircraft induction as well as deployment plans for the next six months. He also advised that airlines must focus on point-to-point direct connectivity, and thus, ramp up capacities with wide-body and narrow-body-long-range aircraft.

Harvard University's governing board has announced that it will support president Claudine Gay and won't ask her to step down. The decision has been made public a day after its meeting to weigh in the backlash following her remarks at last week's congressional hearing.

The Harvard Corporation, the university's governing body, in a statement reaffirmed its support for Harvard President Claudine Gay's continued leadership.

"Our extensive deliberations affirm our confidence that President Gay is the right leader to help our community heal and to address the very serious societal issues we are facing," the 11-member board wrote.

US markets have started their journey upwards and are 2 to 3% away from their all-time highs and are showing positive momentum.

The US Federal Reserve paused hiking interest rates and are cautiously optimistic about the economy. The US Fed Rates are at 5-5.25%. Inflation is also around 3.2%, which is comforting and probably the reason why the Fed has paused hikes. Interest rates are back to 2007 levels.

Liquidity conditions are tight and all leading indicators like Copper Prices, Crude Prices are beginning to show signs of revival and might trend upwards suggesting a further revival in the economy. There are some layoffs happening in the services sector which is a cause of concern.