Prashant Kishor alleges massive corruption in Bihar PSC exam, claiming crores of rupees exchanged hands for posts. Kishor criticizes CM Nitish Kumar for his silence and absence during the ongoing protests. Protesters demand exam cancellation due to leaked question papers, facing police action while highlighting the need for a level-playing field.
The NSE Nifty index closed 168.5 points down at 23644.9
Indian benchmark indices closed lower on Monday due to selling in banking and auto stocks. Key movers included Adani Enterprises, Coforge, Vodafone Idea, JSW Energy, and Gujarat Fluorochemicals.
The Reserve Bank of India's December 2024 Financial Stability Report shows that the Indian financial system is resilient. Scheduled commercial banks exhibit strong profitability and declining non-performing assets. Non-banking financial companies have healthy capital buffers and good earnings. The insurance sector maintains a robust solvency ratio. Despite global risks, India's macroeconomic fundamentals remain strong.
The Nifty Realty index closed 1.54 per cent at 1054.85.
The Supreme Court will review Punjab's actions to provide treatment for farmer leader Jagjit Singh Dallewal on December 31. Dallewal has been on a hunger strike for 35 days at the Punjab-Haryana border. The farmers demand a legal guarantee for minimum support price for crops. The Punjab government has faced resistance in moving Dallewal to a hospital.
Budget 2025 expectations: PHD Chamber of Commerce and Industry has shared its budget expectations, calling for tax reforms, including abolition of Securities Transaction Tax and lower rates for individuals and LLPs. It also advocates for fast-tracking tax appeals and a significant boost in capital spending to drive economic growth and support infrastructure development.
The Indian rupee slipped to its weakest closing level on record on Monday, pressured by a decline in the offshore Chinese yuan and broad-based dollar bids amid a prevailing bearish bias on the local currency.
India's benchmark indices ended in red on Monday, pressured by selling in heavyweight lenders like HDFC Bank and ICICI Bank, along with declines in auto stocks. The session saw subdued trading volumes as markets approach year-end.
Emerging technologies such as quantum computing and Generative AI are predicted to create over 1 million jobs in India by 2030, contributing $150 billion to the economy. Bengaluru leads with 43.5% of tech hiring, followed by Hyderabad and Pune.
PM Kisan 19th installment: Beneficiaries of PM Kisan Samman Nidhi Yojana are eagerly waiting for the nineteenth instalment. Launched in February 2019, PM Kisan Samman Nidhi Yojana is a central government initiative to help land-holding farmers with their financial requirements.
The Centre delays the quality control orders on Polypropylene (PP) and Poly Vinyl Chloride (PVC) materials to June 24, 2025. This amendment prohibits the import and sale of non-BIS compliant PP and PVC. These materials are widely used across various industries, with significant market growth expected in the coming years.
Reliance Industries Ltd and BP are looking to sell crude oil from their KG-D6 block in the Bay of Bengal. They are seeking a premium of at least USD 3.5 per barrel over the benchmark price. The bidding is open for domestic refiners, and the crude will be delivered in East Godavari district. Bids are due by January 24, 2025.
There is nothing wrong in looking at short-term opportunities. But don’t lose sight of macro sectoral trends in the process. When macro changes take place in a sector, many companies are impacted and get re-rated. Pumps and allied spaces may appear to be related only to the agriculture sector, but they are actually at the intersection of agriculture, technology, and environmental management. The challenges of water scarcity, climate change, and growing global food demand will ensure that, over the coming decades... Читать дальше...
CITI has requested the government to introduce schemes to boost India's textile and apparel exports to USD 100 billion by 2030, focusing on key markets like the USA and EU. Emphasizing strategic marketing, continuation of support schemes, and income-tax relief for MSMEs, CITI aims to enhance global competitiveness.
Adani Enterprises Ltd will exit its 44% holding in Adani Wilmar Ltd in two phases, selling up to 31.06% to Wilmar International’s subsidiary, Lence Pte Ltd, and approximately 13% to meet public shareholding requirements. The transaction will be completed via a call or put option mechanism, with the agreement signed on December 30, 2024.
Prashant Khemka, Founder of White Oak Capital Management, highlights their focus on sectors like healthcare, private sector financials, IT, and consumer goods for alpha generation. He emphasizes cash flow-driven valuation and good governance. Khemka warns against stocks with low PE ratios and weak governance being clubbed as value. He suggests a structural quality bias in their portfolio.
Prince Harry and Meghan Markle, who have been dealing with divorce rumours, a royal expert has spoken about their dwindling popularity among Americans. Prince Harry and Meghan Markle married in 2018 and have been making headlines since then. The couple stepped back from royal duties in 2020 and they have criticized royal family in an outspoken manner.
The 21st century has seen significant ideological challenges and global shifts, with rising populism, authoritarianism, and economic disparities. Liberal leaders struggle to address these changes, risking further decline. Yet, there are potential opportunities through technological advancements and new political dynamics, with outcomes heavily dependent on revitalizing liberal ideas.
Baba Vanga, the famous clairvoyant, predicted financial prosperity in 2025 for certain zodiac signs. Aries, Taurus, Cancer, Gemini, and Aquarius are expected to experience significant financial growth. Each sign will benefit from their unique strengths. Aries will seize new opportunities, Taurus will see stability, Cancer will make smart investments, Gemini will utilize networking skills, and Aquarius will innovate successfully.
Here is a lit of powerful health benefits of berries one should know.