Latin American leaders united against President-elect Donald Trump’s recent comments suggesting the US should reclaim control of the Panama Canal. Trump criticised Panama’s canal fees as exorbitant and hinted at rising Chinese influence, prompting strong responses from Panamanian officials. The 82-kilometre canal, a crucial global trade route, was fully handed to Panama in 1999 under a US treaty.
Delhi Police have dismantled a significant illegal immigration racket, arresting 11 individuals involved in document forgery. The accused helped Bangladeshi nationals enter India with counterfeit Aadhaar cards and other documents. Authorities launched a two-month drive to identify and act against illegal immigrants, with over 1000 identified so far in Delhi.
The grey market price for Newmalayalam Steel shares remains strong at approximately Rs 30, indicating a 33% potential upside from the upper issue price of Rs 90. The net proceeds from the public offering will be allocated towards upgrading the existing manufacturing facility's technology, expanding the current solar power generation facility, funding civil construction for a new factory and storage facility.
On Tuesday, NASA's Parker Solar Probe will be passing within 3.8 million miles of the sun's surface around 6:40 a.m. Eastern time. This is seven times closer than any of the previous missions. Parker, which was launched in 2018, has inched progressively closer to the sun during 21 solar flybys, called perihelions.
President Biden signed a defense bill authorizing $895 billion in military spending, including substantial pay raises for junior enlisted members, and measures to counter China's influence. Despite signing, Biden opposed language stripping transgender medical coverage for military families' children and restrictions on transferring detainees from Guantanamo Bay. The bill also includes new investments in military technology and U.S. ammunition production.
External Affairs Minister S. Jaishankar is scheduled to visit the United States from December 24-29 to discuss important bilateral, regional, and global issues with American counterparts. Ahead of his visit, Foreign Secretary Vikram Misri held meetings with top American diplomats. India's ambassador to the US, Vinay Mohan Kwatra, was also present.
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Broadcom and Netflix have been embroiled in a separate patent dispute since 2018 over Netflix's alleged infringement of Broadcom patents related to video streaming technology, with cases in California, Germany and the Netherlands. Broadcom's U.S. lawsuit against Netflix is scheduled to go to trial next June.
Aayush Wellness shares are expected to draw attention on Tuesday, as the company has set December 26 as the record date to identify eligible shareholders for its bonus share issuance.
Evans Electric is set to issue 1:1 bonus shares with a record date of December 26, 2024. This is the second bonus share issuance by the company, previously issued in 2023. To be eligible, investors must buy the stock before the ex-date. The stock has shown significant returns over the past year.
Analysts have recommended investors subscribe to the issue, citing attractive valuations and strong demand for pharmaceuticals. At the upper price band, the company is valued at a P/E ratio of 55x, with a market capitalization of Rs 1,801 crore following the equity share issue.
Japanese automakers Honda and Nissan's planned global merger raises questions about their Indian operations. Both companies face challenges, including low market shares and complex alliances. Nissan's partnership with Renault and its joint manufacturing facility in Chennai complicates potential synergies. Honda, despite strong export growth, struggles domestically. Experts believe the merger could streamline operations and counter competition from Chinese automakers. However, the road ahead involves... Читать дальше...
The share allotment for Transrail Lighting IPO is expected to be finalized later today or tomorrow morning. Shares will be allocated on a lottery basis, with the entire process supervised by the registrar. On the allotment date, investors will be informed about the number of shares allocated to them in comparison to their bids.
The share allotment for Sanathan Textiles IPO is expected to be finalized later today or by tomorrow morning. Shares will be allocated through a lottery system, with the entire process overseen by the registrar. On the allotment day, investors will learn how many shares have been allocated to them in comparison to the bids they submitted.
Domestic benchmark equity indices have shown sustained resilience in 2024 — the BSE Sensex gained 8.7% as of December 23, the ninth consecutive year of positive return. This is despite the heavy selling by FPIs in the secondary equity market during the second half of the year, rising geopolitical tensions in West Asia, growing uncertainty over the stance of the Trump administration in the US towards global trade, and India-specific concerns such as high inflation, slowing consumption demand and decelerating GDP growth.
A North Korean hacking group stole cryptocurrency worth over $300 million from the Japan-based exchange DMM Bitcoin, according to Japanese police and the United States' FBI. The TraderTraitor group -- believed to be part of Lazarus Group, which is allegedly linked to the Pyongyang authorities -- carried out the heist, Japan's National Police Agency said Tuesday. "The FBI, National Police Agency of Japan, and other US government and international partners will continue to expose and combat North Korea's... Читать дальше...
Stocks to buy today: Stocks that were in focus include names like SAIL, which rose 4% and Aurobindo Pharma, which gained 1% and HPCL, whose shares declined nearly 1% on Monday.
A California pier collapsed due to a major storm, causing two rescues and one person swimming to safety. The storm brought heavy surf and high winds to the Pacific Northwest. Residents were evacuated, and authorities warned of hazardous conditions. The pier was under renovation following previous storm damage. Searchers abandoned efforts to find a missing man pulled into the ocean.
The share allotment for Concord Enviro Systems' IPO is expected to be finalized later today or tomorrow morning. The allocation of shares will be done on a lottery basis, with the entire process being supervised by the registrar. On the allotment date, investors will find out the number of shares allocated to them, which may differ from the number of bids they made.
Yamanashi Governor Kotaro Nagasaki met Uttar Pradesh CM Yogi Adityanath and praised India's rich history and democracy. Highlighting the strong diplomatic ties between both nations, he invited CM Yogi to visit Yamanashi to deepen the relationship. MoUs were signed promising further economic and cultural cooperation. This builds on the longstanding Special Strategic and Global Partnership.
A massive fire erupted at Fortune Enclave, the residential building of singer Shaan in Bandra West, Mumbai early Tuesday morning. The fire occurred on the seventh floor while Shaan resides on the eleventh floor. Firefighters were dispatched and residents were evacuated. Initial reports suggest the fire may have been caused by a short circuit. Investigations are ongoing.
Gold, which outperformed the Sensex and Nifty in 2024, too may extend upsides though the likelihood of higher interest rates may take some shine off the yellow metal. In 2024, the Nifty gained 8.5%, while gold traded in Mumbai rose 19.12%. Fixed income returns have largely been in the range of 7-9%.