Home-cooked meals became pricier last month, with vegetarian thalis seeing a 20% surge due to soaring vegetable and cooking oil costs, according to a Crisil report. While fuel costs provided some relief, vegetable price hikes, particularly for tomatoes, onions, and potatoes, were driven by heavy rainfall and supply chain disruptions.
Aadhar Housing Finance reported a 15% YoY rise in net profit to Rs 228 crore in Q2FY25. Total income rose 21.5% to Rs 764 crore. Assets under management expanded 21% to Rs 22,817 crore at the end of September.
Jindal Steel and Power Ltd (JSPL) on Wednesday reported 38 per cent fall in consolidated net profit at Rs 860 crore for September quarter, on account of lower revenue. It had posted a net profit of Rs 1,390 crore for the period ended September 2023, the company said in a statement.
Congress leader Shashi Tharoor believes India-US relations will continue smoothly under Donald Trump's presidency. Tharoor acknowledged Trump's tough stance on trade and immigration but highlighted his strong approach towards China as advantageous for India. He anticipates a stable relationship between the two countries due to shared interests and the influence of the Indian-American community.
Violet Affleck, daughter of Ben Affleck and Jennifer Garner, may be adjusting to college life at Yale, but her heart still holds onto a special connection with Jennifer Lopez and her family. In a recent Instagram post, Lopez’s sister, Lynda Lopez, shared a series of heartfelt photos with Violet at Yale.
Futures tied to the S&P 500 and the Dow soared to record highs on Wednesday as Republican Donald Trump won the 2024 U.S. presidential election, capping his return four years after he was voted out of the White House.
Bitcoin recently surged to a new all-time high of $75,000, fueled by the US election results. Historically, US elections have acted as catalysts for Bitcoin's price surge. With Trump's victory, Bitcoin could potentially reach $100,000 by late 2025. A pro-crypto US administration could stabilize markets and attract institutional investors, positively impacting the global crypto market, including India.
Elon Musk, owner of X (formerly Twitter), celebrated Donald Trump’s victory over Kamala Harris. Musk shared memes and hinted at a possible advisory role in the new administration.
Equity investors, traditionally favouring Republicans in Washington, welcomed Trump’s mandate, anticipating potential tax cuts, increased government spending, and deregulation. Optimism is also building around the possibility that the new administration may maintain favorable H-1B visa policies, which has sparked a rally in previously struggling IT stocks.
Trump returns to White House: Donald Trump is set to become the 47th President of the United States. With Trump coming back to power, analysts predict that the US dollar would strengthen and sectors such banks, technology, defense and fossil fuels might benefit. Trump's tax-cutting agenda has been broadly welcomed by large corporates in the US.
Power Grid reported a flat net profit of Rs 3,793 crore in Q2FY25. Revenue from operations was also flat at Rs 11,278 crore. The board approved an interim dividend of Rs 4.50 per share. The company has also approved the sale of a 26% stake in four associate companies to PowerGrid Infrastructure Investment Trust (PGInvIT).
The Supreme Court of India dismissed a plea to re-examine the NEET-UG 2024 results, stating that there was no evidence of widespread malpractice. The court upheld its previous decision to expand the scope of a seven-member expert panel tasked with reviewing the National Testing Agency's functioning and recommending reforms to ensure the exam's transparency.
In a significant move, Congress President Mallikarjun Kharge dissolved the entire Himachal Pradesh Congress Committee, including district and block levels, effective immediately. This decision, aimed at restructuring the state unit, comes amidst internal factionalism that plagued the party during recent elections. Outgoing state chief Pratibha Singh, now a member of the Congress Working Committee, held the position since 2022.
Actor Richard Gere has sold his Connecticut home for $10.75 million and plans to relocate to Spain with his wife, Alejandra.
Although formerly a sceptic, Trump vowed to make America the crypto capital of the world. Cryptocurrencies, including Bitcoin and ether, soared record heights. Hoping for legislative and regulatory reforms, the crypto industry welcomed Trump's victory with open arms
Gold prices fell by Rs 150 to Rs 81,150 per 10 grams in the national capital on Wednesday in line with weak global trends, according to the All India Sarafa Association. Subdued demand from jewellers and retailers also impacted the prices, the association said. However, silver remained flat at Rs 96,700 per kg.
Nifty’s short-term trend remains positive, with a strong breakout above the immediate resistance at 24,500 potentially paving the way for a quick move towards the 25,000 mark. Immediate support is positioned at 24,350, according to Nagaraj Shetti of HDFC Securities.
India's petrochemical sector is experiencing remarkable growth, projected to reach USD 300 billion by 2025 and potentially USD 1 trillion by 2040. Driven by a rising population and government initiatives, the sector is attracting significant investments and aims to reduce import dependency while creating a sustainable future.
Donald Trump secured a decisive victory in the US presidential election, exposing vulnerabilities within the Democratic base. Trump's promises on immigration, the economy, and cultural issues resonated with voters, despite concerns about his moral character and criminal charges. Democrats now face a leadership crisis and must regroup after a disappointing election.
Hero MotoCorp will launch affordable electric two-wheelers in the coming months. The company will expand to European markets like the UK, France, Spain and Italy next year. Hero MotoCorp will offer its electric scooter - VIDA Z and premium internal combustion engine motorcycles in these markets. The company reported a 13 percent rise in sales during the recent festive period in India.
The Delhi High Court is examining a plea by BJP leader Subramanian Swamy seeking cancellation of Congress leader Rahul Gandhi's Indian citizenship. The court has asked Karnataka BJP worker S Vignesh Shishir, who filed a similar PIL in Allahabad HC, to file an application for impleadment in the Delhi HC case.
Maharashtra Deputy Chief Minister Devendra Fadnavis criticized Rahul Gandhi's Bharat Jodo campaign, calling it a "Bharat Todo" movement. He alleged the campaign was associated with anarchist and ultra-left organizations that aim to create anarchy and diminish faith in the Constitution and judiciary. Fadnavis urged voters to choose development over anarchy in the upcoming elections.
Short covering typically leads to a reduction in open interest and can push the stock price higher. In Wednesday's session, five stocks experienced short covering.
The Indian rupee fell to a record low on Wednesday, hurt by a sharp rise in the dollar and U.S. bond yields as Republican Donald Trump claimed victory in the U.S. presidential election.
