Key Indian equity market indices open in green
Mumbai, May 10: Taking a cue from global markets, the key Indian equity market indices on Thursday opened higher.
The Sensitive Index (Sensex) of the BSE, which had closed at 35,319.35 points on Wednesday, opened higher at 35, 353.96 points.
Minutes into trading, it was quoting at 35,440.82 points, up by 121.47 points, or 0.34 per cent.
At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,741.70 points on Wednesday, was quoting at 10,773.70 points, up by 32 points or 0.30 per cent.
After a largely volatile session, the key Indian equity indices had ended Wednesday's trade on a positive note. Market analysts pointed out that largely weak Asian equities, along with a rise in geopolitical tensions after the US pulled out of the Iran nuclear deal as well as higher crude oil prices, had capped gains and unleashed volatility.
However, the key indices were somewhat supported by healthy buying in the consumer durables, IT and capital goods stocks.
The Sensex was up by 103.03 points or 0.29 per cent at the Wednesday's closing. In the day's trade, the barometer 30-scrip sensitive index had touched a high of 35,404.83 points and a low of 35,134.20 points. The Nifty, too, was up by 23.90 points or 0.22 per cent.
On Thursday, Asian indices were showing a positive trend. Japan's Nikkei 225 was quoting in green, up by 0.24 per cent while Hang Seng up by 0.87 per cent, South Korea's Kospi was up by 0.35 per cent. China's Shanghai Composite index was trading in green, up by 0.20 per cent.
Nasdaq closed in green, up by 0.99 per cent while FTSE 100 was also up by 1.26 per cent at the closing on Wednesday.
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Melinda French Gates resigns as Gates Foundation co-chair, 3 years after her divorce from Bill Gates
New York, May 13: Melinda French Gates will step down as co-chair of the Bill & Melinda Gates Foundation, the nonprofit she and her ex-husband Bill Gates founded and built into one of the world's largest philanthropic organisations over the past 20 years.
“This is not a decision I came to lightly,” French Gates posted on the X platform on Monday. “I am immensely proud of the foundation that Bill and I built together and of the extraordinary work it is doing to address inequities around the world.”
She praised the foundation's CEO, Mark Suzman, and the foundation's board of trustees, which was significantly expanded after the couple announced their divorce in May 2021.
“The time is right for me to move forward into the next chapter of my philanthropy,” French Gates wrote in her statement. She organises some of her investments and philanthropic gifts through her organisation, Pivotal Ventures, which is not a nonprofit.
Bill Gates thanked French Gates for her “critical” contributions to the foundations in a statement, saying, “I am sorry to see her leave, but I am sure she will have a huge impact in her future philanthropic work.”
French Gates will receive $12.5 billion as part of her agreement with Gates, which she said would commit to future work focused on women and families.
The Gates Foundation did not immediately return a request for comment about whether those assets would come from the foundation itself. In an emailed statement, the foundation said that Suzman announced the decision to employees on Monday.
“After a difficult few years watching women's rights rolled back in the US and around the world, she wants to use this next chapter to focus specifically on altering that trajectory,” Suzman said of French Gates.
Suzman said he knew many had joined the foundation in part because of their admiration for her advocacy, especially around gender equity.
“I know how beloved Melinda is here,” Suzman wrote.
The Gates Foundation holds $75.2 billion in its endowment as of December 2023, and announced in January, it planned to spend $8.6 billion through the course of its work in 2024.
The Associated Press receives financial support for news coverage in Africa from the Bill & Melinda Gates Foundation and for news coverage of women in the workforce from Pivotal Ventures.
