The Nifty closed slightly higher on Friday, with muted trading volume. Support levels are at 23,550 and 23,200, while resistance lies at 24,000. The index is currently below its key moving averages, indicating bearish momentum.
South Korea's suspended president Yoon Suk Yeol authorised the military to use weapons to force entry into parliament during his failed martial law bid. The move led to political turmoil and his impeachment. Yoon is under investigation, and his actions have drawn severe criticism. The Constitutional Court is reviewing the validity of his impeachment.
In a recent interview, Shark Tank India judges Namita Thapar and Anupam Mittal shared their differing views on work-life balance, sparking a debate about work culture in India. Mittal, founder of Shaadi.com, dismissed the concept, arguing that success requires long hours. Thapar, Executive Director of Emcure Pharmaceuticals, disagreed, emphasising the need for balance, especially for employees without the same financial rewards. Their conversation highlights the challenges India faces in balancing productivity with employee well-being.
External Affairs Minister S Jaishankar met with US National Security Advisor Michael Waltz and other key officials, discussing the strengthening bilateral partnership and global issues. Jaishankar concluded a productive conference at the Indian Embassy, expressing confidence in the accelerated growth of India-US relations.
A CBI court in Kerala has found 14 people, including a former CPI(M) MLA, guilty of murdering two Youth Congress workers in 2019. The court will announce the sentences on January 3. The case involved politically motivated attacks between CPI(M) and Congress workers. Ten accused have been acquitted, and further legal action is being considered.
The Supreme Court has given the Punjab government until December 31 to persuade fasting farmer leader Jagjit Singh Dallewal to move to a hospital. The Court criticized the state for not managing the situation properly and suggested seeking assistance from the Centre if needed. Dallewal refuses medical aid to continue his protest for farmers' demands.
India's highest-ever coal production of 997.826 million tonnes was achieved in FY 2023-24, marking an 11.71% growth. The power sector and non-regulated sector received significant supplies. The Ministry of Coal is targeting 1.5 billion tonnes by 2030 and enhancing mine safety and transparency.
Indian athletes aim to reach higher levels after winning 33 medals at the Asian youth and junior weightlifting championships in Doha. They focus on qualifying for the 2026 Commonwealth Games. Coach Vijay Sharma is optimistic about India's future. The Khelo India initiative has been crucial in their success. Upcoming trials and national games will be key for future performances.
A major fire occurred at Wajid Ali Compound in Kurla, Mumbai affecting 50-60 small units storing scrap and other materials. No injuries were reported. The fire started around 6 AM and was extinguished after six hours with the help of multiple fire engines and equipment. Authorities are assessing if anyone is missing or injured.
Peter Thiel, PayPal co-founder, asserted that Silicon Valley companies discovered many remote employees were less productive than expected during the pandemic. He highlighted the reassessment of remote workers post-pandemic, leading to widespread layoffs and a shift back to in-office work among major tech firms.
Indian equity market returns have historically shown weak correlation with GDP growth. While long-term trends suggest a link, there are extended periods of divergence. This highlights the limitations of relying solely on economic cycles to predict market performance.
A severe case of bird flu in Louisiana has led to the discovery of mutations in the H5N1 virus, which may help it bind more easily to human cells. However, experts stress that the mutations are not cause for alarm as they appeared only after the virus adapted to the human host. While the overall risk to the public remains low, scientists continue to monitor the situation closely, particularly as flu season progresses.
Manmohan Singh's career is highlighted by his vision, courage, and humility. His reforms in the 1990s and tenure as PM reflect his blend of ideas and execution. Notably, he prioritized national benefit over personal gain, demonstrated during the rupee devaluation. Singh's leadership, combining ethical integrity and economic efficiency, made a significant impact on India's growth.
Akshay Chinchalkar, Axis Securities’ Head of Research, balances leadership with health through disciplined routines inspired by COVID-19. Prioritizing mindfulness and small, consistent actions like daily 10,000 steps, gym sessions, and healthy habits enhances his productivity and mental clarity.
Nimesh Chandan, CIO of Bajaj Finserv AMC, is bullish on large-caps and sectors like power infrastructure, pharma, online platforms, and real estate. He emphasizes long-term investing, focusing on megatrends, and acknowledges the risk of lower returns after consecutive years of strong performance.
Former Indian Prime Minister Manmohan Singh was cremated with full state honours at New Delhi's Nigambodh Ghat. Singh, who passed away at 92, is remembered for his significant contributions to India's economy and international relations. Global leaders and Indian officials paid their respects, highlighting his legacy as a reformer and statesman.
The Indian market closed flat this week, with banking and pharma sectors supporting gains. 13 smallcap stocks delivered double-digit returns, led by Intellect Design Arena and Amber Enterprises. Mahindra & Mahindra, Adani Ports, and Tata Motors were top gainers in the Sensex pack.
Indian grandmaster Arjun Erigaisi stands as one of four co-leaders with seven points in the World Rapid and Blitz Championship, followed by a dress code disqualification and fine ($200) of defending champion Magnus Carlsen. Indian women players Koneru Humpy and D Harika also lead in their section with 6.5 points.
Haryana public holidays 2025: The private offices based out of Gurugram typically follow public holidays set by the state government. The holiday list provides clarity regarding the observance of both public and restricted holidays across various government departments in the state.
In 2025, significant changes will impact various sectors. GST compliance modifications, including mandatory MFA and 180-day E-Way Bill restrictions, will affect businesses in India. Thailand's e-Visa will be accessible globally, and new US visa rules aim to ease the process for Indian applicants. Telecom users will see improvements with updated RoW rules.
35 equity mutual funds eroded investor SIPs in 2024. Quant PSU Fund, Quant ELSS Tax Saver Fund, and Aditya Birla SL PSU Equity Fund lost over 10%. However, past performance doesn't guarantee future returns. Investors should consider their risk profile and investment goals before making decisions.
Heavy snowfall across Kashmir disrupted life on Saturday, halting flight and railway operations, and closing the Srinagar-Jammu National Highway. Srinagar received eight inches of snow, with significant snowfall in other areas. Snow clearance operations and restoration of power supply are ongoing. Kashmir University postponed exams due to the weather.
