Adani Power's shares will be closely watched after the Supreme Court agreed to review its appeal against the Punjab State Electricity Regulatory Commission's refusal to approve a 2006 power purchase agreement. This agreement involved the supply of 101.5 MW from Udupi Power Corp to Punjab. The decision has significant implications for the power sector and investment stability.
The calculator can highlight areas where users might need to tweak things to hit their financial targets. This could mean cutting back on unnecessary spending, saving more, paying down debt, or changing up investment strategies.
Technichem Organics shares debuted with a 4.1% premium on BSE SME platform. The IPO, which was fully subscribed 425 times, raised funds for a new plant and debt repayment. Despite a slight decline in revenue, PAT saw a significant rise of 174.41% in FY24.
New Delhi District Election Officer raises concerns over alleged pressure from AAP leaders seeking personal details of objectors. The DEO accuses AAP of political interference amid claims of voter deletion in the New Delhi Assembly. DEO seeks guidance on meeting attendance with ruling government.
Shares of One MobiKwik Systems will be in focus as the company announces its first quarterly earnings since listing. MobiKwik with significant revenue and net profit growth, aims to expand its digital payments, credit, and investment services. Experts suggest cautious profit booking given high listing gains.
Jagsonpal Pharmaceuticals announced a 1:2.5 stock split and set January 8, 2025, as the record date. Today is the last day to buy the stock to be eligible for the split. The share price has increased by 55.8% in the last year but dropped by 10% in the last month. Other companies also announced stock splits for January 8.
North Korea tested a new hypersonic missile system overseen by Kim Jong Un, asserting it is for self-defense against Pacific rivals. The test occurred during US Secretary of State Antony Blinken's East Asia visit. The missile flew 1,500 kilometers at 12 times the speed of sound, indicating advanced military capabilities.
The Indian Army has mobilized a relief task force comprising divers, sappers, and other relevant personnel to rescue trapped miners in Umrangshu, Dima Hasao district, Assam. The task force aims to assist the ongoing efforts by the SDRF and NDRF with equipment and coordination with civil administration.
The Employees Provident Fund (EPF) Calculator is a handy online tool that helps people estimate their Employee Provident Fund (EPF) savings, a retirement benefit provided by the Indian government.
British Prime Minister Keir Starmer condemned the spread of lies and misinformation by Elon Musk, which he believes are undermining U.K. democracy. Starmer criticized opposition politicians for echoing Musk's claims and defended his record on child sexual abuse cases. He raised concerns about the amplification of far-right rhetoric by some Conservative politicians.
U.S. companies are actively engaging in the corporate bond markets to mitigate potential rising funding costs due to an expected increase in Treasury yields. With 22 companies offering new bonds, the bond issuance is projected to reach nearly $65 billion this week. This strategic financial move follows a robust borrowing trend observed in 2024.
Shares of Padam Cotton Yarns and Algoquant Fintech will start trading on an ex-bonus basis from January 8. Padam Cotton Yarns has announced a 1:1 bonus share issue while Algoquant Fintech has announced a 1:2 bonus share issue. This is the first time both companies are issuing bonus shares. Invest in these shares by today to qualify.
Indonesia has become a full member of the BRICS group, endorsed at the 2023 Johannesburg summit. As the largest economy in Southeast Asia, Indonesia joins BRICS to support the reform of global governance institutions. Its inclusion aligns with BRICS' goal of deepening Global South cooperation.
Indo Farm Equipment shares: Indo Farm Equipment's shares debuted with a premium of over 20%, seeing robust demand from investors. The IPO was highly oversubscribed, driven by the company's expansion with improved dealer network and crane manufacturing capabilities. Analysts suggest profit booking for short term, holding for long term.
US President-elect Donald Trump renewed his offer to make Canada the 51st state of the United States after Canadian Prime Minister Justin Trudeau announced his resignation. Trudeau will stay on until a new leader is elected. Trump mentioned benefits like no tariffs, reduced taxes, and security from foreign threats if Canada merged with the US.
Gold prices remained steady, with investors eyeing upcoming economic data for guidance on the Federal Reserve's interest rate trajectory. Market attention is on the U.S. jobs report and job openings data due later this week. The benchmark 10-year Treasury yield hit its highest since May 2024, while the U.S. dollar experienced fluctuations amid uncertainties over potential tariffs by President-elect Trump.
President-elect Donald Trump remains set for sentencing in his hush money case this week after Manhattan Judge Juan M. Merchan denied his request to delay proceedings while he appeals the verdict. Sentencing will proceed Friday, with Trump appearing by video.
Wall Street's indexes saw gains on Monday, driven by semiconductor stock rallies and a report suggesting a less aggressive tariff approach by the Trump administration. The Dow climbed 67 points, S&P 500 rose by 41 points, and Nasdaq increased by 243 points. Chipmakers surged with Nvidia, AMD, and Micron leading gains, thanks to Microsoft's AI investment and Foxconn's strong earnings.
During his visit to India, the US National Security Advisor emphasized the importance of US-India collaboration to tackle China's predatorial industrial strategies, highlighting increased defense cooperation, advancements in clean energy, the semiconductor industry, and the development of new military technologies as essential components of this partnership.
Louisiana health authorities have reported the first human death in the United States linked to bird flu. The patient, over 65, had underlying medical conditions. General risks to the public remain low. People working with birds and poultry are at higher risk. The CDC emphasizes preparing for potential scenarios involving the virus.
France confirms its first case of the new mpox variant in a woman from Brittany, linked to contacts who returned from Central Africa. Health officials are tracing the infection's source and potential contacts. The variant is tied to a WHO-declared global health emergency, with cases also reported in Germany and Britain.
Nepal Earthquake: A powerful earthquake with a magnitude of 7.1 rocked the Tibet region near the Nepal border, causing at least 36 fatalities. The tremor, which occurred on Tuesday, struck at a depth of 10 kilometers. It has affected communities within 5 kilometers of the epicenter, which is located 380 kilometres from Lhasa, the capital of Tibet. The region's high altitude makes the rescue efforts challenging. Authorities are yet to release further details about the casualties.
Happy Tuesday! The draft Digital Personal Data Protection Act, 2023, has created new opportunities for startups in the tech sector. This and more in today’s ETtech Morning Dispatch.