Audi reported a 26.6% decline in retail sales to 5,816 units in 2024 due to supply chain issues, down from 7,931 units in 2023. The company, however, saw a 36% improvement in Q4 sales compared to Q3 and reached a milestone of selling 1 lakh cars in India.
A total of 287,914 shares changed hands on the counter till 12:22PM (IST)
In 2024, 12 new equity mutual funds offered returns over 20%, with WOC Pharma and Healthcare Fund leading at 37.22%. Other top performers include Motilal Oswal funds, while some schemes, like SBI Automotive, posted losses, reflecting varied outcomes.
Structurally, I think that is going to be a weakish place and on top of that they enjoy so high valuations. I mean, they trade at 40, 50, 60, 70 times just because they continue to remain capital efficient, but beyond that equity investors look for growth and they look for high growth and in many cases they look for hyper growth, that is clearly not what the large FMCG company is going to deliver to you.
A total of 2,022 shares changed hands on the counter till 12:17PM (IST)
Tamil Nadu Power Distribution Corporation cancelled a global tender for smart meters due to high costs quoted by the lowest bidder, Adani Energy Solutions Ltd. This follows allegations of Adani Group's involvement in a USD 250 million bribery for solar contracts, which the company denies.
Promoters held 0.0 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 24.75 per cent and 14.91 per cent, respectively.
The viral Spanish tradition of eating 12 grapes at midnight for luck fuelled a surge in grape orders on New Year’s Eve in India. Blinkit reported delivering seven times more grapes than usual, reflecting the custom’s growing global influence. Rooted in Spain’s 19th-century history, the ritual symbolises prosperity for the coming year. Social media trends and cultural ties have further popularised this practice worldwide, making grapes an unlikely star of New Year celebrations.
India Cements Ltd announces new leadership with appointments of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO. Following UltraTech's increased shareholding to 55.49%, former management, including N Srinivasan, steps down. This move signals consolidation and rivalry in the Indian cement industry between Aditya Birla Group and Adani Group.
Paytm shares fell 4% to Rs 976.5 after NPCI extended the deadline for UPI providers to meet the 30% market share limit until 2026. This delay benefits PhonePe and Google Pay, the dominant UPI players.
Amber Enterprises has experienced a 22% surge within two weeks, despite the broader market weakness. Analysts predict continued outperformance in the short term, with potential to test Rs 8,000, supported by strong technical indicators and positioning above significant EMAs.
Mahindra & Mahindra experienced a 16% increase in overall automotive sales in December, with 69,768 units sold. Significant growth was noted in the utility vehicle and tractor segments. The company also achieved the Dow Jones Sustainability Index world leader status, ranking first among global auto OEMs.
In 2024, the travel industry embraced innovation, sustainable practices, and global connectivity, showing significant growth. As we approach 2025, trends like bleisure travel, eco-tourism, and advanced technology will continue to shape the industry with an emphasis on thoughtful, meaningful travel and improved infrastructure.
For the year 2025, domestic brokerage Nirmal Bang picks 7 stocks including Axiscades Technologies, Birla Corporation, CEAT, Elecon Engineering, Privi Speciality Chemicals, Samhi Hotels and Vishal Mega Mart. These stocks, from sectors like hospitality, specialty chemicals, and cement, are expected to rally up to 40%.
CPI(M) leader Brinda Karat criticized BJP President JP Nadda for not condemning Maharashtra Minister Nitesh Rane's "Mini-Pakistan" remark about Kerala. Karat emphasized that Nadda's silence implies party approval. Kerala CM Pinarayi Vijayan also denounced Rane's comment and urged BJP to take action. Rane justified his statement by comparing Kerala to Pakistan based on the situation.
The Aam Aadmi Party faced significant challenges in 2024, including the arrest of Arvind Kejriwal, legal troubles for senior leaders, electoral setbacks, and internal discord. As the 2025 Delhi Assembly election approaches, the party is focusing on regaining public trust and re-establishing its anti-corruption narrative.
Bajaj Auto shares dropped over 2% to Rs 8,598 after domestic two-wheeler sales fell 19% YoY in December. Despite a 15% rise in exports, total monthly sales declined 1%. The stock has a 29% gain in one year.
Elon Musk's sudden change of name to "Kekius Maximus" on X has caused a stir among his followers, raising questions about its meaning. His new profile image featuring the controversial meme character, Pepe the Frog, further added to the intrigue. The move had a notable impact on the cryptocurrency world, causing the value of a memecoin with the same name to rise dramatically. Critics have linked the change to potential connections with far-right ideologies, while others speculate about Musk’s intentions.
10 bad habits you should consider quitting in 2025
The Relative Strength Index of the stock stood at 74.3 on Wednesday.
A total of 16,524 shares changed hands on the counter till 11:41AM (IST)
In context of all of that, 24 has been a wonderful year and I would be surprised if 25 again ends up being a good year though maybe the start might be a little kind of more cautious, more jittery, there might be a bit more volatility, but on the whole 25 should be a good year.
A total of 3,708 shares changed hands on the counter till 11:36AM (IST)
In 2024, Indian Railways made significant strides with new train services, infrastructure development, and recruitment. However, challenges like frequent accidents, manpower shortages, and slow progress on safety systems persisted, highlighting the need for a balanced modernization approach to ensure safety and reliability.