India is predicted to lead global oil demand growth until 2035, adding nearly 2 million barrels per day. China’s oil demand for road transport is expected to decline due to electric vehicles. This shift may cause challenges for oil-producing nations, potentially leading to oversupply. The transport sector is also transforming, with declining oil demand for passenger cars projected by 2030.
US President-elect Donald Trump, in his Christmas greetings, reiterated his push to acquire the Panama Canal, Canada, and Greenland, citing national security and economic benefits. He emphasized the historical significance and strategic importance of these territories, along with jabs at political opponents and current administration policies.
Telegram is known for being minimally moderated and hosting toxic material. Therefore, sceptics have been questioning how the company would turn in profits. Taking an unusual business path, it took advantage of its founder, Pavel Durov's, fame and fortune to sustain its business, took on debt, and entered the cryptocurrency market.
Smaller cities are the source of more than a third of Delhivery's small and medium businesses (SMBs). Mohammed Ali, head of SME business at Delhivery said that cities that once only sold raw materials are shifting to add value to realise better margins. Cities like Surat and Jaipur which previously concentrated on raw materials are now moving into manufacturing and design.
US President Joe Biden and incoming successor Donald Trump shared contrasting Christmas messages. Biden sent a traditional message of kindness and compassion. Trump, on the other hand, criticized the radical left, Canadian Prime Minister Trudeau, and China’s influence over the Panama Canal. Trump's messages included controversial proposals such as annexing Canada, purchasing Greenland, and controlling the Panama Canal.
Ekadashi December 2024: Saphala Ekadashi, dedicated to Lord Vishnu, is a fasting day observed for spiritual purification and success. It falls on December 26, 2024. Devotees fast, recite prayers, offer fruits and flowers, listen to stories of Lord Vishnu, meditate, and engage in acts of charity. These rituals aim to purify the soul and seek blessings for peace and prosperity.
Bharat Petroleum Corporation (BPCL) emerges as the lowest bidder for NTPC's tender to establish 1200 MW ISTS-connected solar PV power projects, securing a 150 MW capacity. This project will cost Rs 756.45 crore, generating Rs 100 crore annual revenue. Additionally, BPCL plans a green field refinery in Andhra Pradesh with an estimated cost of Rs 6,100 crore.
Sudip Bandyopadhyay of Inditrade Capital predicts value unlocking in Reliance Industries, including the potential Reliance Jio IPO, by 2025. He highlights defence stocks like Bharat Electronics, promising IPOs such as Flipkart and OYO, and opportunities in the real estate sector. Bandyopadhyay also sees value in FMCG stocks like HUL, Dabur, and Britannia as consumption picks up.
Carraro India IPO share allotment is expected to be finalised today or tomorrow morning. Investors can check their allotment status via BSE or Link Intime India website. Carraro India specializes in manufacturing components for agricultural and construction vehicles. The company's shares are set to be listed on December 30. The IPO was subscribed 1.18 times.
An earthquake of magnitude 4.5 hit Tajikistan early Thursday, recorded at 05:44 am IST. The National Centre of Seismology reported the event with a depth of 130 kilometres, located at Latitude 38.20 N and Longitude 72.89 E. Download the BhooKamp App for more information.
The share allotment of Ventive Hospitality IPO is expected to be finalized soon. Investors can check their allotment status on the BSE website or Kfin Technologies website. The shares are likely to be listed on December 30. Ventive Hospitality received a good response with an overall subscription of over 10 times.
Japan Airlines on Thursday reported a cyberattack which it said could impact domestic and international flights, but later announced it had identified and addressed the cause. At least nine domestic flights were delayed by Japan Airlines (JAL), the country's second-biggest airline after All Nippon Airways (ANA), local media said.
Due to dense fog conditions, 18 trains from Delhi to various parts of the country are running late on Thursday. The India Meteorological Department has issued a warning for dense fog from December 26 to 28. The forecast includes partly cloudy skies with light rain expected in the evening or night, with smog and moderate fog affecting visibility.
NALCO has signed a mining lease deed to enhance coal production capacity to 4 MTPA. The lease is valid until 2051 and aims to boost fuel security for the Captive Power Plant. NALCO shares have seen significant growth over the past year but experienced declines in the recent month and weeks.
Senores Pharmaceuticals IPO share allotment will be finalized soon, with investors able to check their status via BSE or the registrar's website. The IPO saw a robust subscription of over 93.41 times, and shares are expected to list on December 30. Currently, they are trading at a premium of 61% in the grey market.
Basavaraj Bommai criticized the current Congress party, questioning their right to celebrate the 1924 Belagavi Congress Session centenary. He accused Congress of being anti-people and anti-national. Bommai highlighted the past alleged mistreatment of Dr BR Ambedkar by Congress, which led to his resignation from the national government led by Jawaharlal Nehru.
Australia leads India 112/1 at lunch on Day 01 of the Boxing Day Test. Sam Konstas and Usman Khawaja opened for Australia with a strong partnership. Konstas made a crucial 60 runs before being dismissed by Ravindra Jadeja. Marnus Labuschagne joined Khawaja on the crease, with both aiming to build on the solid start.
Delhi Airport advised passengers to check flight statuses with airlines due to dense fog causing low visibility. The IMD had warned of dense fog on December 26, 27, and 28. Partly cloudy skies and light rain are expected. Many parts of Delhi will experience smog and moderate fog, especially in early mornings and nights.
Unimech Aerospace's IPO sees high demand, with a subscription rate of 9 times, driven by strong interest from non-institutional and retail investors. The IPO combines fresh equity and an offer for sale, totaling Rs 500 crore. Analysts recommend subscribing due to the company's growth prospects and competitive valuation metrics.
While scepticism remains, many AI researchers and developers feel something just changed. For many, the prospect of AGI now seems more real, urgent and closer than anticipated. Are they right?
Interviews with 20 executives and researchers showed a widespread belief that the tech industry is running into a problem many would have thought was unthinkable just a few years ago: They have used up most of the digital text available on the internet.
Shares of Bharat Forge are likely to remain in focus as the company plans to invest €39 million in its German subsidiary, Bharat Forge Global Holding GmbH. This follows a $64.50 million investment in Bharat Forge America. The proposed investment will be on an arm’s length basis and is expected to be completed by December 2024.
Following mild force by Bihar police on BPSC aspirants protesting in Patna demanding exam cancellation, authorities claimed no injuries occurred and blamed coaching teachers for instigating protests through social media. An FIR has been registered, and legal action is underway against those involved in instigating and illegal gatherings.
