In 2024, democracy showed resilience amid violence, with notable events including Trump’s return to the U.S. presidency, Mexico electing its first female president, and significant political shifts in Europe. South Korea's political turmoil underscored the importance of democratic stability, while autocratic regimes grew more repressive.
Stocks in News: Realty developers Prestige Group, RC Group and Valor Estate are in advanced talks to undertake one of the largest cluster redevelopment projects of public housing colonies in Mumbai, said people aware of the development
Industry experts say that India's dollar bond issuance was around $12 billion in 2024 against $5 billion last year and it is expected to see continued momentum in 2025.
Kirkland & Ellis's Nemecek was representing companies in distress. Greenberg, from rival law firm Gibson Dunn & Crutcher, was on the other side, banding together investors owed billions of dollars to form so-called cooperation groups and fighting attempts to short-change them in a turnaround.
Reserve Bank of India has approved their induction as board members, the company said in a statement.
Indian Bank stated that it has implemented necessary preventive measures after the penalty to avoid similar incidents in the future, the bank informed the exchange.
Through ONDC Network, various live buyer apps will be able to offer Aditya Birla Capital's personal loan, health insurance, and mutual funds to their customers.
ChatGPT creator OpenAI has launched its own WhatsApp account. This is likely to impact Meta AI’s reach, especially in markets such as India, Brazil and Mexico, which are among the largest user bases for WhatsApp and the mainstream communication medium for businesses.
Among the Indians and Indian Americans who have been appointed are Chandigarh-born Harmeet Kaur Dhillon as the assistant attorney general (US Department of Justice), Kolkata-born Jay Bhattacharya as the director of National Institutes of Health, Kashyap Patel as the director of the FBI, Vivek Ramaswamy as the head of the Department for Government Efficiency (DOGE) and Tulsi Gabbard as the director of National Intelligence. Usha Chilukuri Vance, wife of vice president-elect JD Vance, will be the first Indian-origin second lady of the US.
India's AI landscape is rapidly evolving, particularly in application development, but remains behind in AI chip and GPU development due to high capital requirements and market dominance by companies like Nvidia. Venture capitalists are focusing more on software development and infrastructure tooling, recognising India's strong talent in these areas.
Infosys HR head Shaji Mathew anticipates significant AI transformation in HR by 2025, emphasizing employee trust, responsible AI principles, integrating human-AI capabilities, and fostering continuous learning. Employers must empower employees with AI tools and cultivate a culture of lifelong learning to navigate evolving job skills.
Coforge and Cigniti Technologies are progressing towards a merger, with EY and Axis Capital preparing terms for shareholder approval. Coforge plans to absorb Cigniti, with shareholders receiving Coforge shares based on a determined swap ratio. Coforge's market value has doubled recently, and the acquisition aims to leverage synergy in client locations.
The conglomerate recently gave Kotak Investment Banking officials the go-ahead to commence the process after a meeting, they said. It plans to appoint additional bankers by January, they added.
Chances are that the latest phase of correction, sparked by the changed stance of the US Fed, is over. Now, unless something dramatic happens after Trump takes office on January 20, it is unlikely that we will see any India-specific selling. Given the current scenario, there are a couple of things investors should keep in mind while taking incremental exposure in the markets. First, remember that valuations are high, as has been the case for a long time. And second, that the markets are likely to be stock-specific in the coming months. Читать дальше...
The stock listed on the NSE surged 150% in 2024 so far as against the 23.6% advance in the Nifty Midcap 100. In the past three years, it has spiralled 680%.
The ₹839-crore Transrail Lighting issue, priced at ₹410-432 per share, received 80.8 times bids. The IPO consisted of a fresh equity issue worth ₹400 crore and OFS of 1.01 crore shares by promoter Ajanma Holdings.
The Volatility Index or VIX - the market's fear gauge - plunged 10.3% to 13.52 on Monday, suggesting traders see lesser risks in the near term. But, it may be too early to confirm the uptrend, said some analysts.
"Guidelines will be finalised in consultation with the National Health Mission (NHM). Subsidies will be linked to the battery capacity in a vehicle," a senior official told ET, adding PM E-DRIVE funds will supplement the support from NHM for these ambulances.
Some of the notable purchases this year on Tata CLiQ Luxury include pre-owned Rolex watches sold in Ajmer and Nagpur, handbags from Mulberry sold in Nadiad and Aligarh, and products from Bulgari sold in Etah and Karimnagar, among other locations.
Return on 6-year-old investment is over 50%higher than 2nd-most profitable deal in India, little short of Tiger Global's blockbuster Flipkart bet
Select stocks gain momentum even in volatile markets.
Lupin peaked at Rs 2,312 on September 5, 2024, but lost momentum, breaching key moving averages on daily charts. A buy signal from the Supertrend indicator on December 23, 2024, boosted bullish sentiment. After bottoming near Rs 2,000 in November, aligning with the 30-week SMA on weekly charts, the pharma stock rebounded strongly, regaining crucial short-term moving averages.
US stock market is entering 'Santa Claus Rally' as Wall Street's indexes S&P 500, Dow Jones Industrial Average, and Nasdaq Composite will look to consolidate.
There are a lot of claims and rumors recently that it is Elon Musk pulling the strings behind Donald Trump's back and it will be Tesla CEO himself who will be handling the entire administration from January 2025. However, Trump is currently quite irritated with these rumors and talks, based on his recent closeness with Musk, making it a new Elon Musk controversy of 2024