Founder of Grapevine, Saumil Tripathi, revealed how his home organizer business, once generating ₹20 lakh daily, nearly collapsed due to Amazon's competition. After rejecting an acquisition offer, Amazon's private label Solimo emerged as a cheaper rival, causing a significant revenue drop. Tripathi's experience serves as a cautionary tale about the challenges of competing with major online platforms.
Dr. Manmohan Singh, the former Prime Minister of India, has an impressive educational background. Here are the details.
Virat Kohli faced criticism and a fine for bumping into Australian debutant Sam Konstas during the Boxing Day Test at MCG. The ICC fined Kohli, but many feel the punishment was too lenient. Kohli's recent form has been underwhelming, adding to the controversy. Changes to the ICC code of conduct helped Kohli avoid suspension.
India's defence sector in 2024 witnessed landmark achievements such as the Predator drone deal with the US, the launch of the Tata-Airbus facility, and the final stages of a $4 billion Voronezh radar system deal with Russia. The Defence Acquisition Council approved significant projects to enhance India's strategic capabilities.
In the Nifty50 index, 43 stocks were trading in the green, while 7 stocks were in the red.
External Affairs Minister S Jaishankar met National Security Advisor Jake Sullivan at the White House. They discussed the progress of the India-US strategic partnership. Jaishankar will meet his US counterpart Antony Blinken and possibly senior leadership of the incoming Trump administration. He will also chair a conference of Indian Consul Generals during his visit from December 24 to December 29.
The 30-share BSE Sensex was up 555.29 points at 79027.77
A total of 631 shares changed hands on the counter till 10:35AM (IST).
The National Green Tribunal (NGT) has requested a response from the Union of India regarding a plea on the improper disposal and recycling of photovoltaic (PV) solar panels. The plea highlights environmental risks and inadequate disposal systems, urging for compliance with E-Waste Management Rules, 2022.
The 30-share BSE Sensex was up 465.86 points at 78938.34
China launched its largest amphibious assault ship, the Sichuan, designed to strengthen the navy's combat ability in distant seas. Equipped with an electromagnetic catapult, it enables fighter jets to launch directly from its deck. This ship supports ground troop deployments and underscores China's efforts to modernize its navy for global operations.
The stock quoted a 52-week high price of Rs 264.70 and low of Rs 157.65.
Former Prime Minister Manmohan Singh, a towering leader and renowned economist, has passed away at the age of 92. His contributions, including the crucial 1991 economic reforms, have left an indelible mark on India. Singh's extraordinary journey from humble beginnings to Prime Minister inspired generations. Leaders and industry figures mourn his loss and remember his wisdom and humility.
Former Prime Minister Manmohan Singh preferred his Maruti Suzuki 800 over a luxurious BMW. This highlighted his commitment to the middle class. Uttar Pradesh Minister Asim Arun, who worked closely with Singh, shared this memory. Singh's simple lifestyle always reflected his connection with the common man, despite his high position.
Uttar Pradesh Chief Minister Yogi Adityanath has stressed quality and deadlines for home department construction projects. Regular reviews and audits are mandated. Projects over Rs 50 crore will undergo monthly third-party audits. Experienced professionals should oversee construction. Permanent police lines are being built in several districts. Significant projects like training facilities and battalions are also prioritized.
The 30-share BSE Sensex was up 502.24 points at 78974.72
The Ahmedabad Railway division plans to launch 34 new train services to accommodate pilgrims ahead of the Mahakumbh. Additionally, the Uttar Pradesh government is preparing over 5,000 buses, including 550 electric ones, to manage the influx of devotees, with IRCTC ensuring top-notch facilities for all attendees.
Farmers have been protesting for nearly ten months, demanding a legal guarantee on MSP and a debt waiver. They recall the 2008 debt relief under former PM Dr. Manmohan Singh. Dr. Singh, who passed away at 92, was known for his economic reforms and farmer-centric policies. His legacy includes measures like MGNREGA, Right to Education, and Aadhaar.
In 2024, India implemented several transformative policies under Narendra Modi's leadership, including One Nation, One Election, an expanded Unified Pension Scheme, and the BioE3 policy. These initiatives, along with scrapping angel tax, promoting rooftop solar, and launching the PM Internship Scheme, aim to stimulate economic growth, innovation, and job creation while ensuring social progress.
A total of 70,128 shares changed hands on the counter till 10:20AM (IST).
On December 26, six stocks from the Nifty200 pack appeared in the RSI Trending Up scan, according to the stockedge.com data.
Sridhar Vembu, CEO of Zoho Corporation, backs the 70-hour work week notion, citing examples from East Asia but highlights the demographic challenges linked to it. He suggests that only a small portion of the population should adopt such intense work habits, ensuring a balance between economic development and a healthy work-life balance.
Bajaj Broking has recommended buying Himadri Speciality Chemical, with a target of Rs 687, up from the current Rs 561.1. The mid-cap chemical firm showed a 13.42% annual income rise in Q3 2024 but reported a quarterly decline. Promoter holdings stand at 50.78%. The stock's breakout suggests potential further upmove.
A total of 2,809 shares changed hands on the counter till 10:10AM (IST).
Manmohan Singh, former Prime Minister and Finance Minister of India, and former RBI Governor, passed away at 92. Known as the architect of India's economic reforms, he played a crucial role in transforming the Indian economy in 1991. Singh's reforms helped address fiscal deficits and foreign reserves issues, marking a significant era in India's economic history.