China's Jinjiang Group faces accusations by Brazil's labor authorities of human trafficking and slavery-like conditions at a BYD factory in Brazil. Jinjiang denies these allegations and claims misunderstandings. BYD initially cut ties with Jinjiang but later supported them. Both companies agreed to assist and house the workers until their contracts are resolved.
Tata Technologies, which made a stellar debut in 2023 with 180% gains, has seen its stock drop 23% this year and 26% from its peak of ₹1,217.95. Tata Elxsi follows with a 22% decline in 2024 and a 24% drop from its 52-week high.
UltraTech Cement will buy an 8.7% stake in Star Cement for $100 million. This is part of a trend with major deals in India's cement sector since Adani Group's 2022 entry. Recent major deals include acquisitions by Dalmia Bharat, Sagar Cements, and several by Ambuja Cements. These deals are driven by infrastructure spending expectations.
A PIL filed in the Supreme Court challenges the TDS system as arbitrary and irrational, claiming it violates fundamental rights and burdens taxpayers with substantial administrative costs. The plea urges reassessment of the TDS framework and calls for legal and procedural changes to address these issues.
Top Telugu actor Allu Arjun appeared through video conference before a local court in connection with a case regarding a woman's death during a stampede at the premiere of his film 'Pushpa-2'. The Telangana High Court granted him interim bail. The incident occurred on December 4 and involved the actor's security team and theatre management.
Osamu Suzuki, former head of Suzuki Motor, passed away at 94. He was instrumental in transforming India into a significant auto market with the Maruti project and led Suzuki Motor for over four decades. His remarkable thriftiness and strategic collaborations boosted the company’s growth and stability.
NASA's Parker Solar Probe: NASA tasted the Sun on Christmas Eve. The agency’s Parker Solar Probe made its closest-ever approach to the sun on Tuesday. The spacecraft, which is about the size of a small car, should get nearer to the sun than any other human-made object in history — within 3.86 million miles.
In 2024, stocks like Vantage Knowledge Academy, Aayush Art, V2 Retail, and Shaily Engineering Plastics surged over 200%, with Vantage rising 1,682%, creating significant wealth for investors.
Bitcoin showed a negative bias on Friday, facing selling pressure near the $100,000 resistance level. At 1:15 AM, it was trading at $95,343.50, up by 2.51%. Most major altcoins, including Ethereum, Tether, XRP, BNB, Solana, Dogecoin, Cardano, Tron, Shiba Inu, Toncoin, and Avalanche, were down by up to 4%.
Manmohan Singh’s 1991 Union Budget was a turning point for India, addressing a severe economic crisis and setting the foundation for modern reforms. Through liberalisation, privatisation, and globalisation, Singh dismantled outdated policies and introduced critical changes to attract foreign investments, deregulate industries, and stabilise finances. Despite resistance within his party, Singh’s leadership redefined India’s economic landscape, ensuring sustained growth and competitiveness. His bold... Читать дальше...
Former prime minister Manmohan Singh's final journey will start from the Congress headquarters to the cremation ground at 9.30 am on Saturday. His mortal remains will be available for the public to pay their respects at his residence on Friday and the AICC headquarters on Saturday morning. Singh passed away on Thursday at the age of 92.
Promoters held 51.52 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 16.66 per cent and 8.98 per cent, respectively.
Dr Manmohan Singh, former Prime Minister of India, passed away at 92. He is remembered for implementing transformative economic reforms. Many UK leaders and media acknowledged his contributions. Singh's tenure fostered stronger UK-India ties. His accomplishments include lifting millions from poverty and enhancing India's global stature.
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Promoters held 46.09 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 19.02 per cent and 15.27 per cent, respectively.
One obviously is the Trump presidency. He is the most unpredictable man and leading a $30 trillion economy, the world's most powerful country, adds a significant bit to the uncertainty. Secondly, the US fiscal and monetary policy would also be a key driver of volatility in the markets. Currently, if you see, US is running a 6.5% fiscal deficit.
US President Joe Biden has abandoned his reelection bid after a poor debate against Donald Trump. Trump, 78, returns to the White House. The India-US relationship remains strong despite challenges and is expected to receive bipartisan support under the incoming Trump administration. High-profile indictments and potential tariff issues could impact future relations.
Former Prime Minister Manmohan Singh, who passed away at 92, is remembered for his key role in India's 1991 economic liberalization and leadership from 2004-2014, contributing to significant growth and market surge.
As of 30-Sep-2024, promoters held 38.12 per cent stake in the company, while FIIs held 27.43 per cent and domestic institutional investors had 13.89 per cent.
Manmohan Singh, as Finance Minister in the early 1990s, introduced critical reforms to liberalize, privatize, and open India's economy during an unprecedented crisis. His 1991-92 Budget speech emphasized the need for market forces, reducing fiscal deficits, and essential economic reforms to steer India out of economic turmoil and lay a foundation for sustained growth and poverty reduction.
Hero Future Energies commissioned a 29 MW solar project in Chitradurga, Karnataka, expected to generate 33 million units of green energy annually, reducing carbon dioxide by 31,624 tonnes. This open-access project will support the Commercial and Industrial sector. HFE also signed an MoU with the Karnataka government for renewable energy and green hydrogen projects worth Rs 11,000 crore.
The stock quoted a 52-week high of Rs 5033.20 and a 52-week low of Rs 2844.45.
