Four people, including a pregnant woman and her daughter, died in a bus accident on the Mumbai-Nashik highway. Fifteen others were injured, with four in critical condition. The accident occurred when a tempo lost control and hit three vehicles. The police are investigating the incident and have registered an offence against the tempo driver.
Kotak Equities acknowledged Trent's strong growth story but noted that its positive outlook is already reflected in the stock's current valuation, leaving limited upside. The brokerage expressed concerns over Zudio's rapid expansion, warning that the aggressive addition of stores in urban areas may cause market saturation, cannibalizing sales at existing locations and hindering further growth opportunities.
Apple lost its top position in the Chinese smartphone market, with Huawei and Vivo surpassing it in sales. Apple's market share fell to 15% in 2024, behind Huawei's 16% and Vivo's 17%. Increased competition has affected iPhone sales, while domestic brands gain popularity. The market saw a 5% growth in Q4, aided by government subsidies for smartphone purchases.
A Delhi court has issued notice to Chief Minister Atishi and AAP MP Sanjay Singh on a criminal defamation complaint filed by former Congress MP Sandeep Dikshit. The complaint alleges Atishi and Singh harmed Dikshit's reputation by claiming he took money from the BJP and that the Congress colluded with the BJP against AAP.
Trump's support for TikTok marks a stunning reversal from 2020, when he tried during his first term to block the app in the United States and force its sale to American companies. He warmed up to the company last year, particularly after he and his campaign surged in popularity on TikTok during last year's election.
Faulty road construction in India should be made a non-bailable offence, holding contractors and engineers accountable, as suggested by Minister Nitin Gadkari. Efforts are underway to halve road accident fatalities by 2030, with significant funds dedicated to addressing accident-prone spots and introducing enhanced road safety measures.
Embassy Group plans to raise Rs 1,600 crore through zero-coupon bonds to fund new projects, refinance debt, and acquire a 5% stake in WeWork India. The debt, raised via its subsidiary Serenesummit Realty, will be secured by pledging shares of WeWork India and other assets. The bond, with a three-year tenure, could offer a 16% IRR, linked to WeWork India's upcoming IPO.
8 colorful and beautiful animals from the ocean
Aditya Birla Sun Life Digital India Fund, a technology-focused fund, marked a significant milestone of 25 years on January 15.
India's steel ministry seeks 150 billion rupees from the budget for incentives to produce low-carbon steel. The plan includes reducing emissions, boosting R&D, and promoting renewable energy loans. The incentives, aimed at achieving a 2070 net-zero target, will be in place until 2030. The government may use green steel in its projects to support this initiative.
Andhra Pradesh Chief Minister N Chandrababu Naidu proposes allowing only those with more than two children to contest municipal and panchayat elections. This comes after the state assembly repealed an old law limiting candidates to two children. Naidu is also considering providing more subsidised rice to families with more children to tackle ageing population concerns.
The historic Virupaksha temple in Hampi has banned bananas to maintain cleanliness and protect its temple elephant, Laxmi, from excessive attention and distress caused by tourists. The significant influx of visitors often leads to littering, and authorities emphasize preserving the UNESCO World Heritage site's sanctity.
Hindenburg Research is shutting down after its attacks on Adani Group and alleged connections to China and Soros came under scrutiny. Sebi's notice regarding their regulatory violations and potential collusion has raised questions about their motives and operations.
FD interest rate up to 8%: Bank customers should compare the interest rates offered by different banks for the desired tenure. Here is a table comparing interest rates offered by different banks for a 3-year tenure across private sector banks, public sector banks, and foreign banks.
Realme launches the 14 Pro+ smartphone in India with a unique triple flash camera setup, starting at Rs. 29,999. Features include a 6.83-inch AMOLED display, Snapdragon 7s Gen 3 processor, and a triple rear camera system with up to 120x zoom. The device will be available from January 23.
In October 2024, among other large-cap stocks, some large auto companies also witnessed a wave of selling. The trigger was a slowdown in sales in the middle of the festive season. Given that auto stocks were sitting on big gains, a large number of auto stocks witnessed a sharp correction. But the question to ask is: Was the slowdown in sales and all other headwinds which the sector had witnessed already factored in by the street?
World leaders welcomed the ceasefire and hostage-prisoner exchange between Israel and Hamas, urging both parties to adhere to the agreement and ensure swift humanitarian aid to Gaza. US President Biden expressed confidence in the deal, while Iran called it a retreat by Israel. Global responses emphasized the importance of a lasting political solution and regional stability.
The Union Cabinet approved the establishment of a third launch pad at Sriharikota's Satish Dhawan Space Centre, enhancing ISRO's capacity for more space missions. Additionally, ISRO has successfully executed its Space Docking Experiment, making India the fourth nation to achieve this technological milestone, paving the way for future advancements like Chandrayaan-4 and Gaganyaan.
The National Testing Agency faces criticism over delays and missteps in NEET-UG 2025 preparations. A misleading syllabus link and unresolved key dates have heightened anxiety among candidates and officials. Previous exam issues and scrutiny add to concerns about the agency's ability to manage the process effectively. The Ministry of Education is closely monitoring the situation.
Donald Trump inauguration: President-elect Donald Trump is set to return to the White House on January 20, when he officially becomes the 47th president of the United States. As the country prepares for this historic transition, a number of prominent figures, including key leaders from the tech industry, are set to attend his inauguration. Among those confirmed to be attending are Google CEO Sundar Pichai, Meta CEO Mark Zuckerberg, and other influential tech executives.
Electrification work for the Mumbai-Ahmedabad Bullet Train corridor is underway with over 20,000 steel masts being installed, supporting a 2x25 kV overhead system. Significant progress includes the completion of a 210-meter bridge, viaduct construction, and tunneling. The project aims to connect key business centers in Gujarat and Maharashtra, with an estimated economic return rate of 11.8 per cent.
The Kabra Jewels IPO consists entirely of a fresh equity issue of 31.25 lakh shares, aiming to raise Rs 40 crore. Priced between Rs 121-128 per share, investors can bid in lots of 1,000 shares. Opening on January 15, the IPO closes on January 17, with allotment expected by January 20 and listing scheduled on NSE SME on January 22.
FICCI predicts India's GDP growth to decline to 6.4% in FY 2024-25 from the previous 8.2%, due to global uncertainties and domestic challenges. Government investments in infrastructure will aid growth, despite subdued private expenditure and geopolitical risks. Manufacturing, electronics, and pharmaceuticals offer potential opportunities.