Uttar Pradesh aims to privatise two of its power distribution companies to address power losses and outdated infrastructure. The state invites private investments for Dakshinanchal Vidyut Vitran Nigam and Purvanchal Vidyut Vitran Nigam, each serving 21 districts. This move follows similar partnerships in Delhi and Odisha, involving Tata Power.
According to the latest mutual fund analysis by ETMarkets, 23 stocks have experienced a price increase of over 50% in the current fiscal year (FY25) and are owned by more than 100 mutual fund schemes.
Howie Buffett, the son of renowned investor Warren Buffett, is readying himself to assume a prominent role as the non-executive chairman of Berkshire Hathaway Inc. Howie Buffett is set to take the helm at Berkshire Hathaway, a conglomerate boasting a market value close to $1 trillion. The siblings of Howie Buffett, Susie and Peter, are also poised to play crucial roles in channeling their father’s nearly $140 billion in Berkshire stock towards philanthropic causes.
BJP leader Parvesh Verma accused AAP of failing to provide homes for slum dwellers despite receiving payments from them under the housing scheme. He criticized Arvind Kejriwal for misleading the public and not keeping promises, revealing documents showing the unfulfilled commitments.
India's retail inflation eased to 5.22% in December from 5.48% in November, driven by moderating food prices. Food inflation, a major contributor, has begun to cool due to a bumper summer harvest, despite earlier spikes from unseasonal rains and rising edible oil and cereal prices.
The BSE Sensex closed 1048.9 down at 76330.01 on Monday.
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Congress criticizes PM Narendra Modi over the rupee’s significant drop against the US dollar, citing a steep decline from 58.58 to 86.59. The fall is attributed to strengthening of the American currency, rising crude oil prices, and weak domestic economic factors. Ramesh highlights decreased foreign investment and lack of confidence in India's financial markets.
Maha Kumbh Mela, starting today at Prayagraj, is the world's largest human gathering with significant economic implications. Over 40 crore people are expected, leading to an estimated Rs 2 lakh crore in spending. Major brands are investing heavily in advertising to tap into this event. This festival highlights the crucial role of festivals in driving India's economy.
Tesla sold 1.79 million vehicles last year, surpassing Audi, which sold 1.67 million vehicles. Audi struggled with weak demand in Europe and China. Electric vehicle sales fell by 8 percent for Audi. Tesla also faced challenges, including its first annual deliveries decline in over a decade.
What makes a sector a surprise winner? When fundamentals are changing, but skepticism is still high. Cement is a sector that has probably seen the most mergers and acquisition in the last three years. From the second-biggest player seeing a change in ownership, to small players being taken over. The question is: Why are people pumping so much money into the sector? The answer: Probably because, after years, things are changing and the sector is witnessing a consolidation. Does this consolidation mean things will change for the better? Читать дальше...
A YouTuber questioned Nakhoon Baba at Maha Kumbh, leading to an altercation. The YouTuber's repeated questions angered the Baba, who then chased and struck the YouTuber. The exchange was captured on video and went viral, sparking a mix of reactions online. Despite the incident, the festival continues to draw devotees and maintain its vibrant atmosphere.
Prime Minister Narendra Modi, during his visit to Jammu and Kashmir, reaffirmed his commitment to promises made to the region, emphasizing that the "right things will happen at the right time." Speaking after inaugurating the Rs 2,700 crore Z-Morh tunnel, Modi highlighted J&K's progress, peace, and growing tourism.
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New Delhi-based Super Plastronics Pvt Ltd (SPPL) has entered a brand licence agreement with JVC, marking the Japanese electronics brand's return to the Indian TV market. JVC's premium smart QLED televisions will be available on Amazon starting January 14, 2025, with prices starting at Rs 11,999.
EcoBox Industrial Parks has acquired 50 acres in Chennai's Mannur for developing a greenfield logistics asset over 1.2 million sq ft with Rs 400 crore investment. This project will cater to the rising demand for modern industrial infrastructure, enhancing the region's supply chain with connectivity to key industrial corridors.
The new rule "threatens to derail innovation and economic growth worldwide," said Ned Finkle, vice president of Government Affairs, Nvidia. He also added that it would "undermine America's leadership." The rule, which is expected to be published on Monday, aims to tighten Washington's grip on artificial intelligence chip flows around the world.
India's Prime Minister Narendra Modi inaugurates a 6.5-kilometer tunnel in disputed Kashmir, ensuring year-round access to Sonamarg. The $932 million project, enhancing connectivity between Kashmir and Ladakh, includes a second tunnel set for completion in 2026. The initiative also boosts military operational capabilities in the region.
Winding and conductivity products maker Vidya Wires has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
Indian stock markets have been volatile due to foreign investor outflows, global consolidation, and dollar appreciation impacting emerging markets. The domestic liquidity from DIIs provides stability. Key drivers include US economic policies, domestic earnings, and the upcoming Union Budget. Stock-specific strategies and long-term opportunities exist, especially in IT, consumer, and high-risk sectors like IREDA and Zomato.
Vetri Subramaniam suggests hybrid solutions and SIPs to navigate market uncertainty, highlighting elevated valuations in midcaps and industrials. He advises caution in equity allocations, focusing instead on balanced, long-term strategies amid shifting market dynamics.