Shares of Mazagon Dock Shipbuilders are likely to remain in focus as the company's 1:2 stock split record and ex-date are set for December 27, 2024. Today is the last day to purchase shares to qualify for the stock split. The existing shares will be split into two new shares.
US President-elect Donald Trump has named new ambassadors to Portugal and Malta and appointed a special envoy for Latin America. John Arrigo is selected for Portugal, Somers Farkas for Malta, and Mauricio Claver-Carone as the special envoy to address issues like illegal migration and fentanyl threat.
Oil prices rose slightly in thin holiday trading, supported by China's plans for increased fiscal stimulus and expected declines in U.S. crude inventories. China's measures include boosting pensions and medical insurance subsidies, reflecting hopes for expanding demand amid economic recovery efforts. Additionally, U.S. inventory data and Libya's crude production also influenced the market.
Domestic markets ended flat in a volatile trade due to lack of fresh triggers. Amber Enterprises, SBI, and Sagility India were notable stocks, with analysts recommending buys at dips, highlighting potential for medium-term gains despite overbought conditions and selling pressures.
Mahamoorganj Church in Varanasi celebrated Christmas with Bhojpuri carols. This tradition began in 1986 to make services more accessible to the local community. Celebrations also took place at St. Joseph Cathedral in Lucknow, attracting large crowds and visitors of different faiths. Increased police presence ensured smooth traffic flow and crowd control.
Shares of NMDC may see increased activity as today is the last day to purchase them to qualify for the 2:1 bonus share issuance. The record date for shareholder eligibility is December 27, 2024, with allotment on December 30 and trading availability starting December 31.
The Akhada Parishad condemned Sikh separatist leader Gurpatwant Singh Pannu for threatening to disrupt the Magh Mela. Pannu has been labeled a terrorist by the Indian government. The Akhada Parishad President emphasized the unity between Sikhs and Hindus and dismissed the threats as attempts to cause division. He assured that such extremists are not taken seriously.
Gold edged up slightly in light holiday trade as investors monitored the U.S. Federal Reserve's interest rate strategy and anticipated tariff policies under President-elect Donald Trump, which could impact the metal's future direction. Bullion has surged about 27% this year amidst significant Fed rate cuts and geopolitical uncertainties.
Australia captain Pat Cummins won the toss and chose to bat in the fourth test against India in Melbourne. The test series is tied at 1-1. India made changes to their lineup, including dropping Shubman Gill and adding Washington Sundar. Australia introduced debutant Sam Konstas and included Scott Boland in place of the injured Josh Hazlewood.
For the upcoming monthly expiry, the 23,900–24,000 zone remains a critical hurdle, and a break beyond this range is required to spark positive momentum leading into the year-end. On the downside, the 23,600–23,500 range, representing the lower end of last Friday’s bearish candle, serves as immediate support, says Osho Krishnan of Angel One
Dil Raju, Chairman of the Telangana Film Development Corporation, announced that Telangana Chief Minister Revanth Reddy has scheduled an appointment for a meeting with the film industry. He aims to act as a liaison between the corporation and the government. The meeting follows the Sandhya Theatre tragedy involving actor Allu Arjun.
Shares of Bharat Forge will be in focus today as the company disclosed its plans to invest Euro 39 million (Rs 345 crore) in its wholly-owned subsidiary Bharat Forge Global Holding GmbH (BFGH).
Japan’s Nikkei 25 Stock Average advanced for a second day, with retail shares rising after a travel pact was agreed with China. Australia and Hong Kong are still closed for the Christmas break. US equities were bolstered Tuesday by a rally in technology share, with the S&P 500 rising more than 1% amid thin trading.
The structural transformation in the auto sector is much talked about and given credit by the street. The energy sector as a whole has also been undergoing a transformation, but quietly. Without much fanfare, the large companies in the energy space, whether in oil marketing or refining or any other, have been forming joint ventures or subsidiaries to get into New Energy areas. Did you know that a PSU company kicked off its hydrogen initiatives six months ago? The annual reports of the last few years... Читать дальше...
While the policy is aimed at improving tax compliance, it has created unintended challenges for fixed-income investors, particularly retail participants, an official said on Tuesday.
The speech comes after Ueda indicated last week that the BOJ may wait longer before raising rates, a view that surprised investors expecting a January move if the bank didn't act at its December meeting. The policy stance of President-elect Donald Trump was among the uncertain factors cited by Ueda at the time. The governor's unexpected dovishness triggered a slide in the yen and warnings from Japan's finance ministry about one-sided and speculative currency movements.
The State Council guidelines also allowed the bonds to make up a greater proportion of a project’s overall investment when used as equity capital. More areas including information technology, elderly care and childcare are eligible for investment.
All that changed in the span of a nanosecond after Google-parent Alphabet Inc. announced a big breakthrough in quantum computing earlier this month. Now, flows for the fund, which trades under the ticker QTUM, are surging like never before.
The People's Bank of China held the interest rate on the one-year medium-term lending facility steady at 2% - a move predicted by nine of out 10 economists surveyed by Bloomberg. The authorities also withdrew a net 1.15 trillion yuan ($158 billion) from the financial system with the tool, the most since 2014.
Reserve Bank of India (RBI) data show that interest rates for CPs stood at 7.43% in December 2024 (up to December 19), lower than 7.89% during the corresponding period of the previous year. Likewise, the rates on CDs softened to 7.36% (up to December 19), from 7.52% a year ago, as the gap between credit and deposit growth narrowed.
India's cloud kitchen startups achieved revenue growth and reduced losses in FY24 by managing expenses. However, high inflation may impact margins this fiscal year. Rebel Foods, Curefoods, Biryani by Kilo, and Freshmenu showed significant improvements. Zomato and Swiggy's food delivery GOV also grew, with a positive industry outlook despite rising costs.
India’s electric vehicle sector funding halved from $934 million in 2022 to $586 million in 2024. Policy changes and reduced subsidies impacted original equipment manufacturers. Sales growth slowed but the sector still expanded with over 1.9 million EVs sold in 2024. Investors see opportunities in component manufacturing, charging infrastructure, and battery swapping.