The World Bank increased its forecast for China’s growth in 2024 and 2025. Despite this, challenges in the property sector and low confidence among households and businesses will impact growth. Special treasury bonds worth 3 trillion yuan will be issued in 2024 to revive growth. A recovery in the property sector is expected by late 2025.
The World Bank increased its forecast for China’s growth in 2024 and 2025. Despite this, challenges in the property sector and low confidence among households and businesses will impact growth. Special treasury bonds worth 3 trillion yuan will be issued in 2024 to revive growth. A recovery in the property sector is expected by late 2025.
Weddings in India have become more extravagant, with budgets seeing a significant increase from previous years. Metropolitan cities have driven a growth in demand for wedding services, and destination weddings have risen. The wedding industry's market in India is projected to reach Rs 10 lakh crore by 2025.
US President-elect Donald Trump sent Christmas greetings to 'left lunatics' and 'Governor' Justin Trudeau in frenzy of social media posts. Trump also took aim at former US President Barack Obama, possibly seen as a counter-attack to Obama's 2016 statement "Trump will not be president". Trump refused the same sentiment to the “37 most violent criminals” pardoned by Joe Biden, instead telling them to “GO TO HELL.”
Japan's Nikkei share average ended more than 1% higher on Thursday, boosted by Toyota Motor and other auto shares amid a weaker yen.
A total of 17,799 shares changed hands on the counter till 02:08PM (IST).
The stock traded at a P/E multiple of 9.32, while the price-to-book value ratio stood at 1.34.
Prime Minister Narendra Modi highlights the critical role of youths in India’s progress. He calls for a futuristic approach to equip them with skills in artificial intelligence and machine learning. Modi emphasizes the importance of adapting to rapid changes and challenges. He also remembers the unparalleled sacrifice of Guru Gobind Singh's sons on Veer Bal Diwas.
The Aam Aadmi Party accuses Congress of collaborating with the BJP to weaken AAP's election prospects in Delhi, with leaders Atishi and Sanjay Singh demanding action against Congress members. If unresolved, AAP threatens to seek Congress's expulsion from the INDIA alliance ahead of the February elections.
Shares of the newly-listed International Gemmological Institute (IGI) surged 10% to hit the upper circuit and a new high of Rs 580.45 on the BSE, following the 100% acquisition of IGI Netherlands and International Gemmological Institute BV.
A total of 5,321 shares changed hands on the counter till 01:58PM (IST).
Mangal Electrical Industries has filed its draft red herring prospectus with SEBI to raise Rs 450 crore through an IPO. The IPO, with a face value of Rs 10 per share, is a fresh issue of shares totalling Rs 450 crore and includes no offer-for-sale component.
A total of 4,334 shares changed hands on the counter till 01:53PM (IST)
Ind vs Aus 4th Test: Virat Kohli was fined and received a demerit point for an on-field incident with Australian debutant Sam Konstas during the Boxing Day Test at the MCG. The incident involved a shoulder bump, leading to a verbal exchange. Former players criticized Kohli's actions. Konstas scored 60 runs, contributing to Australia's solid performance on the second day.
In 2024, the Bombay High Court struck down IT rules against fake news on social media. The court upheld Adani's tender for Dharavi redevelopment. It acquitted professor G N Saibaba in the Maoist links case and dealt with prominent defamation and scam cases involving politicians and actors. The trial proceedings in older high-profile cases also continued.
Promoters held 0.0 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 18.25 per cent and 24.32 per cent, respectively.
The Central Consumer Protection Authority has fined three coaching institutes Rs 15 lakh for misleading advertisements about their success rates in civil services exams. Vajirao & Reddy Institute and StudyIQ IAS were fined Rs 700,000 each, and Edge IAS was fined Rs 100,000 for deceptive claims.
Shares of IRCTC dropped by 1%, following reports of a significant outage on its e-ticketing platform. Passengers took to social media to report issues with online ticket bookings, with many sharing screenshots of error messages.
Several sportspersons, including wrestlers and bodybuilders, joined the Aam Aadmi Party in the presence of Arvind Kejriwal. Kejriwal welcomed the new members and promised to address sports-related issues. The AAP aims to connect closely with health and fitness professionals and strengthen the party ahead of the Delhi Assembly polls.
ITR filing: Most of the income tax changes announced in July 2024 will affect tax deductions and exemptions that can be claimed while filing an income tax return (ITR) in July 2025. ET Wealth Online has listed 15 income tax changes in 2024 and how they will affect you when you file your income tax return next year.
On the technical charts, the RSI of the stock stood at 40.89.
Sanjay Bakshi emphasizes the importance of having a disciplined approach to investing by constructing filters to reject stocks that don't make sense. He highlights the behavioral challenges of investing and the necessity of focusing on business analysis over market analysis. He also notes the growth potential in India's expanding market, advising investors to concentrate on high-quality businesses.
Donald Trump announced the appointment of Paul Atkins as SEC Chair and David Sacks as the White House AI and crypto czar, positively impacting the crypto market. DYDX surged 30% following the news. Lunex and AVAX also showed promise in their growth momentum, with Lunex notably achieving significant presale success.
