Sanjay Raut called late BJP leader Atal Bihari Vajpayee the 'second Nehru' of Indian politics. Raut appreciated Vajpayee's inclusive approach and stated that the country will remember him whenever 'raj dharma' is at risk. The Shiv Sena (UBT) is preparing for upcoming local elections, aligned with the Maha Vikas Aghadi.
Here is a list of six stocks poised to benefit from India’s growing defense investments.
Shares declined in Tokyo and Shanghai while oil prices increased. The US stock market remained strong with gains in Big Tech stocks. American Airlines and US Steel rose, while NeueHealth surged after a buyout agreement. The S&P 500 is up 26.6 per cent this year, close to its all-time high.
Australia has announced their team for the fourth Test at Melbourne on December 26. Travis Head is confirmed to play after passing fitness tests. Teenager Sam Konstas will make his debut, replacing Nathan McSweeney. Scott Boland will replace the injured Josh Hazlewood. The team includes experienced players like Steve Smith, Pat Cummins, and Mitchell Starc.
Sheikh Hasina’s son, Sajeeb Wazed, labels the allegations of corruption linked to the $12.65 billion Rooppur Nuclear Power Plant contract as baseless and politically motivated. The Bangladesh Anti-Corruption Commission has launched an inquiry into financial irregularities involving Hasina and her relatives. Wazed denies involvement, citing no offshore accounts or illicit dealings.
India is set to maintain robust FDI inflows in 2025, bolstered by investor-friendly policies, infrastructure development, and targeted sectoral reforms. With a focus on boosting manufacturing and easing regulatory processes, the government continues to attract substantial foreign investment, surpassing USD one trillion in cumulative FDI inflows since April 2000.
Arindam Mandal of Marcellus suggests Nasdaq could see higher EPS growth than Nifty50 in 2025, emphasizing quality stocks outside Big Tech. He advises Indian investors to diversify with 15-30% in international markets, focusing on themes like Technological Disruption, Industrial Revival, and Aging Demographics.
India's insurance penetration dipped to 3.7% in FY24. Life insurance penetration declined to 2.8%, while non-life insurance remained at 1%. Global insurance penetration rose to 7% in 2023. Life insurance premium income grew 6.1%, led by the private sector. Non-life insurance saw a 12.8% increase, driven by health and motor insurance.
Eastern India's development gains momentum through infrastructure projects, educational initiatives, and strategic policies like the Purvodaya plan. Recent focus aims to leverage the region's resource wealth and cultural heritage, positioning it as a key player in India's economic and global engagement.
OpenAI's o3 system got a score of 85% from the previous 55% on the ARC-AGI benchmark. This score is on par with the average human score. This advancement by OpenAI has taken us a step closer to creating artificial general intelligence, or AGI, which is something all major AI research labs are trying to achieve.
Family-owned businesses in India are critical to the economy but often face serious inheritance and control disputes. Recent notable family feuds include those among the KK Modi, Oberoi, Kalyani, and Murugappa families, highlighting the challenges of managing multi-generational wealth and maintaining family unity.
Here are ways how almond oil helps in hair growth in winters.
India won the 2024 T20 World Cup, bidding farewell to Rohit Sharma and Virat Kohli. Gautam Gambhir replaced Rahul Dravid as head coach. India experienced leadership changes with Suryakumar Yadav as the new T20 captain. The Test series loss against New Zealand marked a challenging period. Jay Shah became the youngest ICC chairman. The women’s cricket team had mixed results.
Private equity firms KKR and Bain Capital made offers for the non-core assets of Japan's Seven & i Holdings. KKR offered around 800 billion yen while Bain offered about 1.2 trillion yen. Japan Industrial Partners also participated with a 750 billion yen bid. The bids were for the supermarket assets of the 7-Eleven operator.
Ro Khanna defends Indian-born Sriram Krishnan's appointment as senior policy advisor for AI by President-elect Donald Trump, emphasizing America's ability to attract global talent. He highlights Krishnan's distinguished career and the importance of continued American leadership in AI. Khanna criticises the remarks targeting Krishnan's origin.
Heavy snowfall blocked 223 roads, including three highways, in Himachal Pradesh on Tuesday, with around 1,000 tourist vehicles stranded near the Atal Tunnel. The state experienced significant snowfall and rainfall, leading to power outages and a drop in temperatures. Authorities rescued stranded tourists, and cold weather is expected to continue.
Ropar police have arrested Ram Saroop for allegedly killing 11 men over the past 18 months. The murders occurred after encounters or altercations, often involving sexual acts. Saroop, abandoned by his family, strangled or inflicted head injuries on his victims. Investigations are ongoing to uncover more details and trace other cases. He is currently in police remand.
HDFC Mutual Fund is renaming its HDFC Top 100 Fund to HDFC Large Cap Fund effective from January 1, 2025. This fund invests predominantly in large-cap companies aiming for long-term capital appreciation. The scheme will continue to be managed by Rahul Baijal and Dhruv Muchhal and benchmarked against the NIFTY 100 Total Returns Index.
BPCL plans to set up a new oil refinery-cum-petrochemical complex in Andhra Pradesh with an estimated cost of Rs 6,100 crore. The project includes pre-project activities like land acquisition and feasibility studies. BPCL targets net-zero carbon emissions by 2040, with significant investments in renewable energy and green hydrogen.
Prime Minister Modi's pre-Budget meeting with economists focused on strategies to revive India’s economic growth to 7-8% amidst global uncertainties. Key areas of discussion included tax reforms, job creation, infrastructure development, trade strategies, and addressing rural and urban economic challenges to achieve developed nation status by 2047.
Union Budget: NATHEALTH urges the Indian government to address healthcare gaps like the shortage of medical specialists, rising cancer care costs, and inadequate hospital infrastructure in the union Budget. Recommendations include increasing healthcare budget to over 2.5% of GDP, reducing treatment costs, expanding hospital capacity, and improving medical education.
Silver is poised to take centre stage in 2025 due to surging industrial demand from sectors like construction and green energy, combined with supply deficits and economic uncertainties. This may lead to significant price corrections revealing silver’s inherent value, making it an attractive investment opportunity.
Delhi had light rain which caused a drop in temperature. Further drops are expected due to fresh snowfall in the Himalayas. Extreme winters are anticipated around December 31. The IMD forecasts fog and light rain in the coming days. Gurugram also recorded a drop in temperature with fog and light rain.
Union Budget 2025: Economists recommend reducing income tax rates, rationalizing customs tariffs, and supporting exports in Budget 2025. They advise targeted interventions for skills development, boosting agricultural productivity, and maintaining capital expenditure. Industry bodies propose comprehensive tax reforms, streamlined compliance, and GST 2.0 for economic growth.
