In the Nifty 50 index, 37 stocks ended in the green, while 13 stocks closed in the red in today's trade.
Insecticides India and BioPrime joined forces. They launched Relieve in India. Relieve is a seaweed and plant-based product. It boosts crop health and yield. This partnership will help farmers. It reduces risks from environmental stress. It improves yields.
Switzerland confirmed the suspension of the Most Favoured Nation clause in its tax treaty with India will not hinder the ratification of their recently signed trade agreement. This suspension, impacting potential tax benefits, won't negatively affect Swiss investments in India, according to the Swiss Embassy. The trade deal promises a substantial USD 100 billion investment in India over 15 years.
Tamil cuisine dishes for tourists
Indian indices rose, ending a five-session losing streak. Intellect Design surged 17.4%, India Cements gained 8%, while insurance stocks fell. Zomato faced profit booking, ending 2.8% lower.
Squid Game on Netflix garnered international attention, becoming Netflix's most-watched series and topping the charts in 94 countries. Due to its unparalleled success, the show has already been renewed for a third and final season before the release of the second season. The final chapter is expected to air in 2025.
The Nifty Auto index closed 0.1 per cent at 22557.75.
Meme-coins are booming. Wall Street Pepe is outpacing Pepe Unchained. Wall Street Pepe presale raises $35 million. It offers a VIP club for small investors. The project aims to empower small traders. It provides trading tips and strategies. Wall Street Pepe's tokenomics allocate funds for rewards and marketing. The project is gaining popularity among crypto influencers.
Garuda Aerospace said patents given beyond agriculture include underwater drones for inspection, health inspection drones, miniature radar system drones for surveillance and detection of drones, surveillance drones for identifying suspicious behaviour, monitoring crowded events and medicare delivery drones.
Donald Trump has declared an open war on transgender lunacy, saying that there are only two genders. Speaking at an event for young conservatives in Phoenix, Arizona, Trump has vowed to crackdown on transgender. Transgender issues have become a hot topic in US politics. The US-President elect is also expected to ban all transgenders from serving in the military.
The central government has decided to discontinue the 'no-detention policy' for students in classes 5 and 8 in its schools. Students who fail year-end exams will now be held back. Sixteen states and two Union Territories had already implemented this change. Failing students will receive additional instruction and a re-examination opportunity.
Congress leader Rahul Gandhi visited Parbhani, Maharashtra. He met the family of Somnath Suryavanshi, who died in custody after violence erupted over the desecration of a Constitution replica. Gandhi alleged Suryavanshi was killed for being a Dalit defending the Constitution. He accused the police of murder and the Chief Minister of lying.
The crypto market is poised for growth in 2025, with emerging projects like Wall Street Pepe (WEPE), Solaxy (SOLX), and Flockerz (FLOCK) attracting attention. WEPE aims to challenge whale dominance, while SOLX offers a layer-2 scaling solution for Solana. FLOCK introduces a vote-to-earn mechanism, empowering holders and fostering decentralization. These presales offer early investors potential opportunities.
Budget 2025: The CII has recommended changes to India's lending policy for the 2025 budget. They want a review every 3-4 years. CII suggests including green energy and digital infrastructure. They also propose a bigger role for specialized financial institutions. This aims to support India's economic growth and innovation goals.
India projects a need for 2.36 crore bottles of nano urea for the 2024-25 rabi season. Uttar Pradesh has the highest demand, followed by Maharashtra and Punjab. Six plants nationwide, including three newly commissioned in 2024, can produce 27.22 crore bottles annually. Several states, including Gujarat, reported no nano urea requirement.
IIT Delhi and Kanpur's 2024-25 placement season kicked off strongly, with over 1,200 and 1,109 job offers received respectively. Top recruiters included major tech and finance companies, with a notable increase in international and core industry offers. Both institutes anticipate continued success in the upcoming placement phase.
Bangladesh's interim government has requested India to extradite former Prime Minister Sheikh Hasina, who fled to India in August after being ousted from power. Hasina faces arrest warrants for alleged crimes against humanity and genocide. The government claims an existing extradition treaty supports their request and facilitates the judicial process in Dhaka.
The Sensex jumped 499 points, and the Nifty closed above 23,750 on Monday, breaking a five-session losing streak. The rally was driven by strong gains in heavyweight financial and metal stocks, bolstered by a positive trend among regional markets after subdued US inflation data. Vinod Nair, Head of Research at Geojit Financial Services, noted that the Indian market displayed renewed optimism after the recent sell-off. He attributed this to the lower-than-expected US personal consumption expenditures (PCE) data... Читать дальше...
The Indian rupee weakened to its lifetime low on Monday, pressured by weakness in the offshore Chinese yuan and strong dollar bids from importers, likely related to month-end payments, while state-run banks' dollar sales capped the decline.
Waaree Energies' board has approved Rs 850 crore in investments for electrolyser and storage cell manufacturing facilities. An additional Rs 130 crore capex is planned for their inverter business. The company also appointed Amit Paithanka as Whole Time Director, effective December 23, 2024.
Elon Musk and Vivek Ramaswamy, potentially under a Trump administration, are considering simplifying the U.S. tax code, possibly implementing a flat tax system. This could streamline filing, but also eliminate deductions benefiting low and middle-income families. While potentially boosting take-home pay and incentivizing work, it could also exacerbate the wealth gap and impact government revenue.
India's new popcorn tax has everyone talking. Different flavors now have different GST rates. Plain popcorn is taxed at 5%, branded at 12%, and caramel at 18%. Critics call the system overly complex. Social media is buzzing with memes and complaints. Former economic advisers have also voiced concerns. The government has yet to respond to the uproar.
Adani Defence Systems & Technologies Ltd bought a majority stake in Air Works. The deal is worth ₹400 crore. Air Works is India's top private aircraft maintenance company. It services many Indian and international airlines. Adani Group now operates seven airports and a major MRO. This strengthens Adani's position in the Indian aviation sector.