Blood and barrels: 100 killed in Venezuela raid, Chevron’s oil push, China snubs Nvidia chips

Chevron is seeking to expand Venezuela post US raid to capture President Maduro whish in what appears to be a bloody reset for the South American country. Interior minister Diosdado Cabello said that 100 were killed in the raid. In this edition, we also track China's pullback on US and Nvidia for AI chips, the latest in Indian markets, and BMC polls.

Chevron in talks with US for expanded Venezuela oil license, sources say

Oil producer Chevron is in talks with the US government to expand a key licence

to operate in Venezuela so it can increase crude exports to its own refineries and sell to other buyers, four sources close to the negotiations said on Wednesday.

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Venezuela's interior minister says 100 people died in US attack

Venezuela's interior minister Diosdado Cabello said late on Wednesday that 100 people died in the US attack that removed President Nicolas Maduro from power on January 3. Caracas has not previously given a number for those killed, but the army posted a list of 23 names of its dead. Venezuelan officials have said a large part of Maduro's security contingent was killed "in cold blood".

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Beijing moves to curb reliance on US AI chips, halts Nvidia H200 purchases

Beijing has asked some Chinese tech companies to halt orders for Nvidia's H200 chips this week, and is expected to mandate domestic artificial intelligence chip purchases, the Information reported on Wednesday, citing people familiar with the matter.

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Donald Trump mocks French president, says Macron 'begged' to him

Donald Trump continues to deploy his brand of aggressive 'diplomacy' as he mocked French President Emmanuel Macron, claiming that he used threats of tariffs to coerce France’s leader to increase prescription drug prices.

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Meesho shares down 35% from peak as lock-in ends, management change

Shares of newly-listed e-commerce company Meesho Ltd. extended their losing streak for a third consecutive session on Thursday, January 8, with the stock falling as much as 5%. The decline comes a day after the expiry of the company's one-month shareholder lock in.

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Kaynes, Dixon Tech share price target cut by up to 30% but JPMorgan stays bullish

Brokerage firm JPMorgan has cut its price target on shares of EMS players Dixon Technologies Ltd., and Kaynes Technology Ltd. but maintained its "overweight" rating on these names in their latest note on Thursday, January 8.

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Gold, silver steady as investors eye global and domestic cues

Gold and silver prices in India remained largely steady on Thursday (January 8) following earlier losses this week, reflecting a balance between global economic trends and domestic demand.

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Rupee flat against dollar amid rising oil prices, FII outflows

The Indian rupee opened slightly higher at ₹89.96 per US dollar on Thursday (January 8), later strengthening to ₹89.90/$, marginally down from Wednesday’s (January 7's) close of ₹89.87/$.

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'Marathi manoos' will be powerless if BJP controls civic bodies, says Raj Thackeray

Maharashtra Nanirman Sena (MNS) chief Raj Thackeray has launched a scathing attack on the BJP, alleging that those seeking to separate Mumbai from Maharashtra are in power at the Centre and in the state, and warned that if they control the municipal corporations, "Marathi manoos" will be rendered powerless.

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Depression in Bay of Bengal to intensify; IMD warns of heavy rain, fog and cold wave conditions

A depression over the southeast Bay of Bengal is expected to intensify further and move west-northwestwards over the next two days, bringing heavy rainfall to parts of southern India while dense fog and cold wave conditions persist across large swathes of the country, according to the India Meteorological Department (IMD).

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Oxford University Press apologises to Shivaji Maharaj's descendant over unverified content in 2003 book

Oxford University Press (OUP) India has issued an apology over certain "unverified statements" published in a 2003 book on Chhatrapati Shivaji Maharaj, more than 20 years after his 13th descendant, Udayanraje Bhosale, filed a complaint in a court in Maharashtra’s Satara district.

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