Stock market update: Nifty Auto index 0.05%
The Nifty Auto index closed 0.05 per cent at 24005.00.
The Nifty Auto index closed 0.05 per cent at 24005.00.
The Supreme Court, led by Chief Justice Sanjiv Khanna, criticized government authorities for excessive delays in filing appeals, using a National Highways Authority of India (NHAI) case as an example. The NHAI's 295-day delay in filing against an NCLAT decision was deemed unacceptable, highlighting the need for procedural adherence.
9 amazing benefits of taking a spoonful of coconut oil daily
Financial Services Secretary M Nagaraju launches revamped 'Baanknet' portal for e-auctions. The platform consolidates assets from PSBs, simplifying property discovery for buyers and investors. It features enhanced user experiences, integrated payment systems, and training for effective use, aiding PSB recovery and economic improvement.
Nishant Pitti sold a small portion of promoter shares for personal reasons after resigning as CEO of EaseMyTrip. His brother Rikant Pitti has taken over as the new CEO. Nishant reassured that the share sale does not indicate a lack of confidence in the company's future and confirmed no further sales from his side.
Nifty formed a long bear candle on Friday, indicating profit booking after Thursday's strong rally. Weekly chart remains bullish. Support lies near 23,900. A decisive move above Thursday's high could trigger further upside.
The NSE Nifty index closed 183.91 points down at 24004.75
Millions of visitors are expected at Maha Kumbh 2025 in Prayagraj, Uttar Pradesh, where modern technology, including QR codes, AI-enabled cameras, and the Integrated Command and Control Centre, will ensure efficient management. The initiative ensures swift interactions, comprehensive direction, and real-time updates to maintain safety and organization.
At least 30 people were killed in Gaza by Israeli strikes, including women and children, with ongoing missile attacks affecting both Gaza and Israel. Ceasefire negotiations are set to resume in Qatar amid the war that has caused significant casualties and displacement in Gaza.
Jeff Bezos' luxurious $500 million yacht, Koru, became the center of unexpected drama when customs officers conducted a surprise inspection near St. Barts on New Year's Eve. While the Amazon founder was notably absent, his fiancée, Lauren Sánchez, turned heads as she relaxed on deck. The raid was a part of the routine procedure and lasted for nearly three hours.
The Indian rupee ended at a record closing low on Friday, pressured by a decline in the Chinese yuan, and logged a ninth straight week of losses due to the relentless rise in the U.S. dollar.
India's foreign exchange reserves dipped by $4.1 billion to $640.28 billion as of December 27, 2024. The significant drop was largely due to a $4.6 billion reduction in Foreign Currency Assets. Despite this, gold reserves increased by $541 million. India continues to rank 4th globally in foreign exchange reserves, demonstrating economic strength.
The Nifty Realty index closed 0.62 per cent at 1045.10.
South Korean investigators were forced to withdraw after a nearly six-hour standoff at the official residence of impeached President Yoon Suk Yeol on Friday. Here's all you need to know.
Railway Minister Ashwini Vaishnaw flagged off three new trains during his visit to Assam. He also inaugurated a road overbridge and a 10KW FM transmitter at Akashvani Kokrajhar, improving broadcast quality for over 30 lakh residents. Additionally, he inaugurated the National Institute of Electronics and Information Technology from the railway station.
India has lodged a formal protest with China regarding the establishment of two new counties in Hotan Prefecture, as parts of these areas fall within the Indian Union Territory of Ladakh. New Delhi maintains that this move does not affect India's sovereign claim over the region nor does it legitimize China's occupation.
Drone manufacturer Garuda Aerospace collaborates with Rajasthan Electronics and Instruments Ltd to set up a Remote Pilot Training Organisation in Jaipur. This facility aims to address the rising demand for skilled drone operators by offering DGCA-compliant training programs, leveraging Garuda's drone expertise and REIL's infrastructure in Rajasthan.
Hindustan Unilever (HUL) is in talks to acquire the beauty brand Minimalist. The deal could involve a majority or complete acquisition. This move aligns with HUL's strategy to diversify into high-margin segments. Minimalist, a growing D2C brand, recorded significant revenue growth recently. The deal discussions are ongoing at an approximate valuation of Rs 3,000 crore.
The 30-share BSE Sensex closed down 720.6 points at 79223.11
Union minister Nitin Gadkari has urged the Maharashtra Tribal Development Department to enhance the skills of tribal students. Gadkari suggested conducting ratings of residential schools for tribal students and setting up skill development institutes. He emphasized aiming high and introducing schemes for quality education and skill development courses to help tribal children become professionals.
Indian benchmark indices fell on Friday after two days of gains, dragged by financial and IT stocks as investors stayed cautious ahead of next week’s corporate earnings season.
Prime Minister Narendra Modi criticized the Aam Aadmi Party (AAP) as a 'disaster' for Delhi, accusing it of broken promises and corruption. BJP leader Rajeev Chandrasekhar echoed these sentiments, claiming AAP has become a significant burden on Delhi, likening it to a new version of the Congress.
Tata Elxsi plans to collaborate with Qualcomm Technologies to speed up the adoption of Software-defined Vehicles (SDV) using Qualcomm's Snapdragon automotive platform. They will utilise Snapdragon Digital Chassis VSoCs to accelerate software development, aiming to showcase the results at CES 2025. This collaboration supports early development in cloud-native environments, reducing time to market.
Sales of luxury watches in India are hitting record demand in 2024, with significant growth in metro and smaller cities. Brands like Rolex, Montblanc, and Rado report strong performances, driven by rising income levels and an affluent class. Competitive pricing and brand expansion are making these premium timepieces more accessible.