India marks Good Governance Day on December 25 to honor Atal Bihari Vajpayee's 100th birth anniversary. PM Modi will inaugurate several projects in Madhya Pradesh, including the Ken-Betwa river linking and Omkareshwar Floating Solar Project. He will release a commemorative stamp and coin, and lay the foundation for Atal Gram Sushasan buildings.
China's yuan traded near a 13-month low against the dollar because of strong dollar performance and widening yield gaps between China and the United States. The yield gap between the two countries' government bonds reached the highest in 24 years. The central bank's interventions and expectation of China's monetary easing also influenced the yuan's value.
China's central bank, the People's Bank of China (PBOC), conducted a medium-term loan operation on Wednesday, issuing 300 billion yuan ($41.1 billion) in one-year loans at an unchanged interest rate of 2.00%, as part of efforts to manage expiring loans worth 1.45 trillion yuan this month.
Wall Street's main indexes closed higher on Tuesday, led by gains in megacap and growth stocks, marking the start of the Santa Claus rally. All 11 sectors in the S&P 500 ended positively, with technology and consumer discretionary stocks leading the way. Broadcom and Nvidia also saw gains.
An Israeli military raid in the Tulkarem and Nur Shams refugee camps in the occupied West Bank has resulted in eight Palestinian fatalities, including two women and an 18-year-old youth. The operation, described by Israel as targeting a 'terrorist,' involved significant destruction, with bulldozers reported in use.
Mutual fund managers must consult the AMFI classification to balance their portfolio according to the category requirement. Recategorisation need not lead to fresh inflows or outflows. Active equity fund manager do not need to change the stock weights in their respective portfolios to match the AMFI share categories.
However, other indicators showed a decline. Non-resident Indian (NRI) deposits and outward remittances under the liberalised remittance scheme slowed in October.
ETMarkets collated a list of recommendations from top brokerage firms from ETNow and other sources for the year 2025.
These funds belong to the hybrid category. These schemes earn a return by investing in stocks, bonds, and arbitrage opportunities. The equity exposure helps generate capital appreciation, while arbitrage opportunities and allocation to debt securities provide income and generate stable returns.
Security arrangements are heightened in Goa and Madhya Pradesh to ensure safety during Christmas. Additional police have been deployed in key areas. Measures are in place to prevent drunk driving. Festivities are underway with churches and markets beautifully illuminated. Authorities are keen on maintaining public order for a peaceful celebration.
The promoter group's stake will fall to around 80% after the IPO from nearly 92%. The company operates in a niche segment with high growth potential. It has among the highest margins and returns ratios in its areas of operation. Given these factors, investors may consider the IPO.
Leading platforms, including Reliance Retail, Tata Sons and Zomato adopted a safety pledge as the government rolled out new consumer protection measures like AI-enabled National Consumer Helpline (NCH) , e-maap portal and Jago Grahak Jago mobile application.
Cities across India were adorned with vibrant lights and festive decorations for the Christmas celebration, with churches, markets, and streets illuminated. Special prayers and midnight masses drew large crowds, and communities came together to mark the joyous occasion with hymns, carols, and festive shopping.
The lawsuit filed in US District Court in Columbus, Ohio, claims the Fed's practice of determining how big banks perform against hypothetical economic turmoil, and assigning capital requirements accordingly, do not follow proper administrative procedure. Plaintiffs included the Bank Policy Institute, the US Chamber of Commerce and the American Bank Association.
The National Democratic Alliance will contest the 2025 Bihar Assembly election led by Chief Minister Nitish Kumar. Union Minister Rajiv Ranjan Singh confirmed this on Tuesday. The ruling alliance in Bihar includes BJP, JD(U), LJP (Ram Vilas), and Hindustani Awam Morcha (Secular). BJP is the senior partner with 84 MLAs, while JD(U) has 48 MLAs.
Nifty's Pharma and Healthcare indices have gained 1.7% and 2.6% respectively in the past month, while the benchmark Nifty declined 2% in this period.
The unit finally ended the session at a fresh all-time low of 85.15 against the dollar, registering a loss of 4 paise from its previous close.
Tourists in Shimla on Christmas Eve were left disheartened when the anticipated midnight prayers at Christ Church were unexpectedly cancelled. Visitors, who had planned their trips around this event, were not informed beforehand and only learned of the cancellation upon arriving at the church.
Delhi Airport issues a passenger advisory due to expected fog affecting flight operations. Non-CAT III compliant flights may experience disruptions. Passengers should contact airlines for updates, and IndiGo recommends checking flight statuses before travel.
India's tech industry has seen a surge of women leaders. This and more in today’s ETtech Morning Dispatch.
GST is not applicable when individuals sell old cars to each other. Only businesses involved in buying and selling old vehicles must pay GST on their margin at 18 percent. The GST Council has unified the tax rate for all used vehicles. Simplification measures are in place to streamline the process.
Pakistan carried out airstrikes on Barmal district in Afghanistan, killing at least 15 people, including women and children. The Taliban's Ministry of Defence has vowed to retaliate. The airstrikes targeted seven villages and caused severe civilian casualties. The attacks have further escalated tensions between Pakistan and Afghanistan, especially over the presence of Pakistani militants in Afghanistan.
Shares of 200 obscure penny and micro-cap companies surged up to 65,000% in the past year. This rise reflects heightened investor interest despite these firms having limited earnings. Sri Adhikari Brothers Television's stock rose from ₹3 to ₹2,198. Sebi has suspended Bharat Global Developers' trading due to financial statement misrepresentation.