Himachal Pradesh witnessed contrasting scenes as heavy snowfall in Manali caused massive traffic disruptions, leaving around 1,000 vehicles stuck and 700 tourists rescued by authorities. Meanwhile, Shimla, adorned in fresh snow, enjoyed a surge in tourism, with visitors extending their stays to soak in the wintry charm. The snowfall has reignited hopes for the local tourism industry, offering a much-needed boost after years of pandemic-related struggles. Tourists described their experience as “once-in-a-lifetime.”
The platform is once again bringing influencers to Washington, this time to lobby members of Congress to reject a fast-moving bill that would force TikTok's Beijing-based parent company to sell or be banned in the United States. On Tuesday, some influencers began a two-day advocacy event in support of TikTok, which arranged their trip ahead of a House floor vote on the legislation on Wednesday.
Investors can check the allotment status by visiting the Bombay Stock Exchange (BSE) website or the registrar's official website. Detailed steps for checking the allotment status on both platforms will be provided to help investors confirm their share allocation.
Honda shares soared more than 16 percent on Tuesday after the Japanese auto giant announced a buyback of up to 1.1 trillion yen ($7 billion) the previous day. The buyback announcement came as Honda and its struggling rival Nissan agreed on Monday to launch talks on a merger seen as a bid to catch up with Chinese companies and Tesla on electric vehicles. nf-kaf/tym
A lower base due to the below-par returns in the preceding ten years also helped generate higher returns. Some stocks with controlled / low float are trading well above their fair values, while some stocks are valued at exceptional future performance.
The Agartala Government Railway Police arrested two individuals in a joint operation with the BSF and State Police for their alleged involvement in human trafficking. The arrests took place in the Mati Nagar area of Sonamura. Authorities continue to investigate and search for other suspects. Three Bangladeshi nationals were also arrested at Agartala Railway Station for illegal entry.
The India Meteorological Department (IMD) forecasts light to moderate rainfall in Mumbai with heavy rain possibilities. Delhi will have clear skies and cool temperatures. Chennai may have light showers, while Bengaluru will be cloudy with a slight chance of rain. Hyderabad will remain dry, and Kolkata is expected to have scattered rain.
Senator Irfan Siddiqui stated on Monday that the government has agreed to consult Imran Khan, PTI's incarcerated founder, in ongoing negotiations to resolve political disputes. Both parties have initiated talks with a goal to reduce tensions and plan to meet again to discuss PTI's demands in writing.
Oil prices increased on Tuesday, fueled by positive U.S. economic data and growing oil demand in India. Brent crude futures rose to $72.95 a barrel, and U.S. West Texas Intermediate crude futures climbed to $69.53 a barrel. Demand for U.S. manufactured goods and homes strengthened, suggesting robust economic conditions. Rising oil imports by India further supported the market.
The U.S. Federal Reserve is planning major changes to annual bank stress tests. Banks may be allowed to comment on the models and scenarios used. This follows recent court rulings affecting administrative law. These changes could reduce annual volatility in capital requirements. Industry groups have welcomed the move as a step towards transparency and accountability.
Gold prices remained steady as investors anticipated fewer interest rate cuts from the Federal Reserve in 2025 amid the approaching Christmas holiday. Despite a benign U.S. inflation reading, markets are pricing in minimal easing next year. Gold's 27% rise this year was driven by central bank purchases, geopolitical tensions, and monetary policy easing.
US National Security Advisor Jake Sullivan and Bangladesh's interim Chief Adviser Muhammad Yunus affirmed their commitment to protecting human rights in Bangladesh. Concerns have risen following recent attacks on minority Hindus. The US emphasized support for a stable, democratic Bangladesh, while calls for sanctions and autonomous zones were also highlighted.
Wall Street's major indexes ended higher on Monday, with gains in tech stocks and increased volumes on US exchanges. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all experienced multiple consecutive increases. Qualcomm's shares rose following a favorable jury verdict, while Eli Lilly received FDA approval for a new treatment.
The founder and chief executive of the Telegram encrypted messaging app Pavel Durov said on Monday that the platform had recorded a net profit for the first time in 2024, with annual revenue exceeding $1 billion. Durov said the move had helped reach revenues exceeding $1 billion, with subscribers to the app's premium service tripling to 12 million.
India's consumption growth faces obstacles such as food inflation, credit tightening, and supply chain disruptions. Despite this, rural demand, driven by good monsoons and election spending, is surging. Major FMCG companies are adapting by offering value packs and using e-commerce strategies to maintain growth.
2024 was a landmark year for GenAI globally, marked not only by significant investments but also by its transformative impact. GenAI is reshaping the way large organisations operate — from decision-making processes to expanding revenue streams.
Donald Trump's foreign policy approach indicates a disregard for diplomatic norms, focusing on threats towards allies and potential land acquisitions like Greenland. His America First policy aims to assert U.S. interests aggressively, despite risks of alienating allies and increasing tensions, particularly with Panama over canal usage prices and China's influence.
The House Ethics Committee's investigation into Matt Gaetz reveals allegations of sex with an underage girl, drug-fueled parties, and payments to women. Despite Gaetz's denials and lack of criminal charges, substantial evidence indicates misconduct. Gaetz obstructed the inquiry, and the Justice Department did not fully cooperate.
Happy Tuesday! Coforge and Cigniti Technologies move closer to a merger. This and more in today’s ETtech Morning Dispatch.
Donald Trump's transition team plans to withdraw the U.S. from the World Health Organization on the first day of his second term, citing the agency's handling of China's COVID-19 response. This move could significantly weaken global health initiatives and U.S. influence in international health matters.
Former President Bill Clinton, 78, was hospitalized at MedStar Georgetown University Hospital in Washington after developing a fever. Clinton remains in good spirits and appreciates the excellent care he is receiving. He has faced several health issues in the past, including a quadruple bypass surgery in 2004 and hospitalization for an infection in 2021.
The Israeli army intercepted a projectile fired from Yemen, with no reported injuries. Prime Minister Netanyahu ordered the destruction of Huthi infrastructure following recent missile attacks, including one that injured 16 in Tel Aviv. Israeli warplanes retaliated against Huthi rebel operations after the missile damaged an Israeli school.
Shares swung between gains and losses in Japan and edged lower in Australia, with shortened sessions in Hong Kong and Sydney for Christmas Eve. US equity futures were little changed in Asia after a gauge of the “Magnificent Seven” technology megacaps rose 1.4% Monday, offsetting weaker-than-expected US consumer confidence data.
Israel's defense minister confirmed the assassination of Hamas' top leader, Ismail Haniyeh, last summer and has threatened similar action against the Houthi leadership in Yemen. The Houthis have been involved in missile attacks on Israel. Israel has conducted airstrikes in Yemen and plans to increase pressure on the rebel group until the attacks stop.
On the levels front, 23,850-23,870 withholds a crucial hurdle, followed by the bearish gap of 24,000-24,150, and until these zones aren’t conquered, any bounce should be seen as an opportunity to lighten long bets. In contrast, 23,600-23,500 is likely to mitigate any shortcomings, while a breach could lead to further corrections towards 23,350 in the comparable period.
