ETMarkets' analysis revealed that over 20 mutual funds added 16 stocks to their portfolios in December 2024, compared to the previous month.
Six Army personnel were injured in a landmine explosion while on patrol duty in the Rajouri district of Jammu and Kashmir. The incident occurred near Khamba Fort in the Nowshera sector. The injured soldiers were taken to the hospital and are in stable condition. Such landmine accidents occur when the mines get displaced by rain.
A mechanical engineer from Tamil Nadu, Vigneshwar Muruganandham, was arrested for his involvement in a Chinese cybercrime syndicate in Cambodia. He was accused of defrauding a Japanese professor by digitally detaining her for six hours. Muruganandham's journey into cybercrime began with a promise of easy money and ended with an arrest in India.
BGauss raised Rs 161 crore from Bharat Value Fund to speed up growth and expand in India and abroad. The company plans to increase dealerships and manufacturing capacity. They aim to be among the top five EV two-wheeler players in India. BGauss also plans to expand to Europe and SAARC countries.
Indian Finance Minister Nirmala Sitharaman will present the national budget on February 1. The budget comes at a time when the economy is slowing. Measures to boost growth are anticipated, including potential tax cuts and incentives for electronics makers. Industry groups are calling for tax reductions, infrastructure spending, and tariff cuts to improve the economic outlook.
China implements significant pay cuts for staff at its top three financial regulators, including the central bank, starting in 2023. Staff at the People's Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission will see their income reduced by about half, aligning their salaries with other civil servants to promote equity within state agencies.
The former US president Donald Trump, who has had many lookalikes over the years, now has found one with musical talent. In a video that has taken social media by storm, a pudding seller is making waves in Pakistan not just for his striking resemblance to the billionaire politician but also for his unique voice.
Donald Trump's cabinet nominees face intense scrutiny in upcoming confirmation hearings on Capitol Hill. Among the controversial picks are Pete Hegseth, accused of sexual assault and excessive drinking, and Tulsi Gabbard, criticized for her views on foreign adversaries. Some, like Marco Rubio, are expected to be confirmed swiftly, while others face significant opposition.
Defence Minister Rajnath Singh commends J-K Chief Minister Omar Abdullah for bridging the gap between Kashmir and Delhi. Singh emphasizes the BJP government's commitment to treating Kashmir and Delhi equally, and criticizes PoK Prime Minister Chaudhry Anwarul Haq's remarks on Kashmir. Singh conveys Makar Sankranti and New Year greetings to armed forces veterans.
Donald Trump inauguration: The preparations for US President-elect Donald Trump on January 20 is in full swings. The inaugural will be a four-day affair with several high-profile celebrities performing at the swearing-in ceremony. Country star Carrie Underwood is among the performers for Donald Trump’s second inauguration, slated for January 20, 2025, while Village People will perform at two of the inaugural events.
ASCI has advised LinkedIn influencers to disclose their connections with brands they promote to ensure compliance with regulations. This step preserves the integrity of influencer marketing. Sixty cases were flagged, with fifty-six under review for non-disclosure. ASCI offers an e-learning certification course to support influencers in meeting these guidelines, promoting trust and transparency.
O2 Power secures an 800-MWh battery energy storage project in Rajasthan, through a competitive bidding by Solar Energy Corporation of India Ltd. The project includes a mix of solar and battery systems to supply power during non-solar peak hours, and is expected to be commissioned within 24 months.
India plans to project higher economic growth for the next fiscal year, forecasting nominal economic growth of 10.3%-10.5%, which is higher than the current year's forecast. The government is meeting fiscal deficit goals and may cut personal income taxes to boost demand. The fiscal deficit is expected to be lower than initially predicted.
Chronic Wasting Disease, also known as Zombie Deer Disease, affects deer, elk, moose, and reindeer, causing severe neurological symptoms. It has been found in 33 U.S. states and poses a potential risk to humans through meat consumption. The CDC warns that cooking does not destroy the prions. Hunters and consumers should take precautions to minimize risks.
Banks are revising rates to attract deposits due to a liquidity shortage. IDBI Bank offers higher rates for those aged 80 and above. Bank of Baroda has a liquid fixed deposit scheme. Extra interest is given to senior and super senior citizens. IDBI Chiranjeevi-Super Senior Citizen FD scheme will be effective from January 13, 2025.
PNB customers: Punjab National Bank has asked its customers to update their Know Your Customer (KYC) information in their bank accounts to ensure smooth functioning of their accounts in adherence to the Reserve Bank of India’s (RBI) guidelines.
The relationship between a decline in the rupee and better margins for IT companies is well known. What is not discussed much is that pharma firms are also big beneficiaries when the rupee weakens. To put it in perspective: Among India's top pharma companies, there are some that have more than 57% of their sales coming from exports. In one case, export contribution is as high as 88%. So, a decline in the rupee increases the probability of their margins moving higher in the coming quarters. Another plus... Читать дальше...
ITC Chairman Sanjiv Puri emphasized empowering employees over imposing long work hours, in contrast to L&T's call for a 90-hour workweek. Highlighting flexible work policies like remote work two days a week, Puri stressed the importance of employee engagement and achieving goals. His remarks follow a heated debate sparked by L&T Chairman Subrahmanyan's controversial comments.
Kotak Mutual Fund MD Nilesh Shah suggests that Finance Minister Nirmala Sitharaman could creatively utilize India's massive savings in gold to raise resources for futuristic investments. He believes that such a move would add significant value, bringing a "cherry on top" to the budget. Shah also emphasizes that as the global economy shifts toward protectionism, the upcoming budget must focus on prioritizing growth.
The stock quoted a 52-week high price of Rs 1700.00 and low of Rs 1055.65.