Former Prime Minister Manmohan Singh, who passed away at 92, condemned PM Modi's divisive election campaign, criticized the economic policies, and called out BJP's treatment of Punjab's farmers. He condemned the Agnipath scheme, GST mismanagement, and urged Punjab voters to support Congress for a progressive future.
On December 26, three stocks with a market cap over Rs 10,000 crore showed a bullish "White Marubozu" pattern, signaling strong buying pressure from opening to closing.
In 2025, market dynamics will be influenced by policy measures and Trump assuming the US presidency. Indian domestic sectors like capex, infrastructure, and defence are expected to drive growth. Banking and finance sectors should also do well. Export-oriented sectors may face challenges due to potential policy changes. A return of around 13% is a reasonable expectation for Indian equities.
Compliance options include using biofuel or pooling with other vessels to share pollution savings. Non-compliance results in a penalty, impacting ships sailing between EU ports.
The stock quoted a 52-week high price of Rs 1826.20 and low of Rs 1063.40.
India is facing an alarming rise in metabolic syndrome, which is associated with Type-2 diabetes and other severe health issues. Factors like abdominal obesity, hypertension, and low HDL cholesterol increase the risk of insulin resistance and cardiovascular diseases. Lifestyle modifications can help in reducing these risks and improve overall health.
Japan approved a record defence budget for 2025, focusing on long-range missiles and deploying Tomahawks. The budget includes spending on missile defence, new destroyers, and a next-generation fighter jet developed with Britain and Italy. Japan aims to strengthen its domestic defence industry and deepen cooperation with allies, including Australia.
ICICI Securities advises buying Vedant Fashions with a target price of Rs 1,600. The company reports a net profit of Rs 66.90 crore for the quarter ending 30-09-2024 and anticipates significant growth by FY26. Focus on festive and wedding wear, along with strategic initiatives, positions Vedant Fashions for potential revenue and profit boosts.
Star Cement shares surged after UltraTech announced its plan to acquire an 8.69% stake for Rs 851 crore. The investment involves buying up to 3.70 crore equity shares at a price not exceeding Rs 235 per share. The deal is expected to complete within a month.
Former Prime Minister Manmohan Singh, who passed away recently at 92, made significant efforts to maintain peace with Pakistan during his tenure, but faced setbacks. His attempts for peace were rebuffed by events like the 26/11 Mumbai attacks. Despite this, he was known for his contributions to economic reforms and foreign policy, including the India-US nuclear deal.
The Houthis have escalated attacks on ships in the Red Sea and targeted Israel with drones and missiles. Israel has retaliated by bombing parts of Yemen, including Sanaa's airport. The U.S. and Britain are supporting efforts to protect international waterways. Shipping costs and risks have increased due to the disruptions.
Efforts to rescue a three-year-old girl trapped in a borewell in Rajasthan are being hampered by rain. Rescue teams from NDRF and SDRF are working despite challenges. The girl is 30 feet below the surface. Oxygen is being provided to her and cameras are being used to monitor her condition. Authorities are taking all necessary steps to ensure her safety.
According to Sebi norms, medium to long term funds have a mandate to invest in debt and money market instruments in such a way that the Macaulay's duration of the portfolio is four to seven years. Since these schemes invest in long-term debt instruments, they are considered risky.
Panamanian President Jose Raul Mulino has dismissed US President-elect Donald Trump's threats to reclaim control over the Panama Canal, asserting Panamanian ownership and rejecting negotiations. Mulino also refuted claims of Chinese influence and ruled out lowering tolls for US ships, emphasizing the canal's significance to Panama.
Former Prime Minister Manmohan Singh, who passed away on Thursday, defended his leadership style in his book ‘Changing India’, emphasizing his frequent media interactions. Singh recounted his appointment as finance minister by accident and hoped for history to be kinder to his tenure. His regular engagements and multiple press conferences were highlighted by Senior Congress leader Manish Tewari.
Bajaj Broking recommends buying Laurus Labs with a target price of Rs 710. The current price is Rs 565.4. Laurus Labs expects significant growth in the CDMO from the synthesis segment in FY25. The company reported a net profit of Rs 17.72 crore for the last quarter. Promoters hold a 27.18% stake.
The Indian rupee fell to a new all-time low of 85.35 on Friday, pressured by robust dollar demand in the non-deliverable forwards market. RBI likely intervened to limit the currency's losses while a strong dollar and India's widening trade deficit contributed to the bearish sentiment.
Indian benchmark equity indices opened flat on Friday amid year-end trading. Gains were observed across sectors, led by auto stocks. IndusInd Bank shares surged after putting MFI loans for sale. Kfin Tech, Amber Enterprises, and Intellect Design Arena witnessed profit booking. Analysts suggest support and resistance levels for Nifty.
Users in the US experienced outages with OpenAI applications, including ChatGPT and Sora, late Thursday. The company attributed the issue to a technical glitch affecting performance, which impacted more than 1,500 users. The glitch was later resolved, and the apps are now almost fully back online.
Choice International Limited has received in-principle approval from SEBI to sponsor and establish a mutual fund. This approval allows the company to set up an Asset Management Company (AMC) and Trustee Company, expanding its financial services portfolio. CEO Arun Poddar expressed excitement about entering the mutual fund industry and empowering investors with tailored products, adhering to all SEBI regulations.
UltraTech Cement has approved acquiring around 8.69% stake in Star Cement for up to Rs 851 crore. UltraTech's board agreed to purchase up to 3.70 crore shares at ₹235 per share plus additional charges. Previous rumors about Ambuja Cement acquiring Star Cement were denied as speculative.
Manmohan Singh, Sushma Swaraj Parliament Debate Video: Former Prime Minister Dr Manmohan Singh passed away at the age of 92. He is remembered for his role in economic reforms. He had a keen interest in Urdu poetry, often using it in parliamentary debates. Notable poetic exchanges took place between Singh and Sushma Swaraj. Singh had a high regard for Swaraj's parliamentary skills.
