According to Trendlyne, 13 out of 23 analysts have a 'buy' or 'strong buy' rating on Power Grid Corporation shares, while three recommend a 'hold' and seven suggest a 'sell' or 'strong sell.' The average 12-month target price is Rs 342, implying a potential upside of 12% from current levels.
Nvidia CEO Jensen Huang unveiled the RTX 50 gaming chips at CES 2025, using AI-driven 'Blackwell' technology to enhance graphics, including realistic shaders and human faces. Priced from $549 to $1,999, the chips will release between January 30 and February. Nvidia’s stock hit a record $149.43 on Monday, raising its valuation to $3.66 trillion, making it the world’s second-most valuable company after Apple.
Income tax rebate u/s 87A: Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The Income Tax Department has now updated the excel utility to allow 87A tax rebate claims. "The updated excel utilities for ITR Forms 2 and 3 to exercise the option to update rebate u/s 87A for AY 2024-25 are now available."
Canadian Prime Minister Justin Trudeau will resign as leader of the Liberal Party and Prime Minister once a new candidate is found. The Canadian Parliament will be suspended until March 24. Trudeau stated the need for a new session of Parliament. He emphasized the importance of a reset and stepping down for the interest of Canadians and democracy.
HMPV (Human Metapneumovirus) is causing rising concern in India, particularly among infants and older adults. The virus can lead to severe respiratory complications, especially in vulnerable individuals. Symptoms range from mild cold-like signs to severe breathing difficulties, requiring prompt medical care. Experts urge the public to practice good hygiene and take necessary precautions to reduce the spread of the virus. While the virus is concerning, it is manageable with early intervention.
India's CPI inflation may moderate to 5% in December 2024 from 5.5% in November due to sharp declines in vegetable prices, particularly tomatoes, onions, and potatoes, driven by improved mandi arrivals. Favorable global factors and stable edible oil prices further support this trend. However, potential inflationary pressures from domestic currency depreciation need monitoring.
Motilal Oswal Financial Services advises buying Dabur India shares, aiming for a target price of Rs 675. Dabur's recent financial performance shows a decline, but the management is optimistic about future growth. The company's international business is expected to register double-digit growth in several markets. Promoters hold a significant stake in the company as of September 2024.
The SME IPO of BR Goyal Infrastructure opens today and closes on January 9, aiming to raise Rs 85 crore through a fresh equity sale. Priced at Rs 128-135 per share, with a GMP at Rs 35, the company focuses on infrastructure projects across several Indian states.
Earthquake in Nepal Today: An earthquake of magnitude 7.1 and a series of other earthquakes struck Nepal's Lobuche and Xizang on Tuesday morning. The quakes caused residents to evacuate their homes and seek safety in open spaces. No casualties have been reported so far. Further details are awaited.
Delhi Elections 2025: The Election Commission of India (ECI) is poised to declare the dates for the Delhi Assembly elections at 2 pm today. The elections, covering all 70 constituencies, are expected to occur in a single phase in the second week of February.
BPCL share price: BPCL's shares rose 2% after it approved an IPO for its joint venture, Maharashtra Natural Gas Ltd. MNGL, planning an IPO worth Rs 1,000 crore, operates in various regions, offering CNG and PNG services. The IPO includes both an offer for sale and a fresh issue.
The IPO is a mix of fresh equity sale of 38 lakh shares and an offer for sale (OFS) of 3.12 lakh shares. Through the issue, the company plans to raise Rs 55 crore.
Meta is adding White, a longtime friend of President-elect Donald Trump, to the social media company's leadership amid a series of moves to strengthen its ties to the incoming administration. Last week, the company shook up the top of its policy team, appointing a longtime executive known for his Republican ties as head of global policy. Meta has also donated $1 million to Trump's inaugural fund.
Toyota’s research unit, Woven by Toyota, will invest 7 billion yen ($44.4 million) in Japanese startup Interstellar Technologies (IST) to support rocket production. This move expands Toyota’s space sector involvement, following Akio Toyoda’s comments at CES trade show. IST aims for mass production, with Japan's government pushing to become Asia’s space hub by the 2030s.
The SME IPO of Avax Apparels And Ornaments, offering 2.74 lakh shares at Rs 70 each, opens today and closes on January 9. With a target to raise Rs 2 crore, the company operates in wholesale trading and online retail. SKI Capital Services is the lead manager.