US President-Elect Donald Trump emphasized that tariffs alone can revitalize the US economy and reduce national debt. Trump also warned BRICS nations, including India, against moving away from the US dollar, stating they would face significant tariffs and loss of access to the US market if they pursued alternative currencies.
The Relative Strength Index of the stock stood at 58.8 on Friday.
The plywood and MDF board industry, which initially resisted Quality Control Orders (QCO), now supports the implementation scheduled for February. The QCO ensures products meet international standards, addressing consumer concerns about material quality, and aims to protect domestic businesses from the importation of substandard goods.
The Indian government aims to reduce reliance on China by developing homegrown technology for electric vehicles. They launched a program to innovate battery technologies, power electronics, and charging infrastructure. A budget of Rs 14,000 crore has been allocated for research over five years. The initiative seeks industry-academia partnerships to drive the electric vehicle ecosystem forward.
Amid the market turbulence, ETMarkets identified five stocks from the BSE500 index that have suffered significant declines, each plunging over 50% from their 52-week highs.
Demand is not a challenge at all. We are expecting rate increase to be in the range of early teens. And as far as business on books is concerned, for Q4 also demand looks to be quite good. And if we fast forward to Q1 of FY25, so this year, Q1, we had election season which led to dampening of demand for the industry in Q1. So, for Q1 next year, we are sitting on a very high base.
A total of 181,228 shares changed hands on the counter till 01:04PM (IST).
Retail investors were the largest contributors, bidding for 82.10 lakh shares, while non-institutional investors (NIIs) had bid for 12.04 lakh shares. Qualified institutional buyers (QIBs) have not yet participated in the subscription.
Starlink, SpaceX's satellite internet service, is under scrutiny in India after its devices were found with insurgents and smugglers. Authorities discovered the equipment during a significant drug bust and an insurgent raid. The government is demanding information on these devices and Starlink's security measures before allowing operations in the country.
Maharashtra received 95% of its annual average FDI in the first six months of FY 2024-25, securing Rs 1,13,236 crore. The state leads with 31.48% of India's total FDI, showcasing investor confidence. This achievement highlights the state's robust economic policies and business-friendly environment.
Nita Ambani, in addressing the 25th anniversary of the Jamnagar refinery, honored Dhirubhai Ambani and expressed gratitude to Kokilaben Ambani for her blessings. She emphasized Jamnagar's significance to the Ambani family, noting its special importance to Anant Ambani and Mukesh Ambani's transformative leadership.
DSP Pension Fund Managers Private delivered the highest return of approximately 24.20% during the period. Introduced on December 26, 2023, the scheme boasts an AUM of Rs 492.37 crore and a subscriber base of around 13,298.
The first day of the final Test in the Border Gavaskar Trophy saw tension between Indian skipper Jasprit Bumrah and Australian opener Sam Konstas. The situation escalated, but play resumed after the umpire intervened. Later, Usman Khawaja edged a ball to KL Rahul, giving India a breakthrough and leading to a team celebration.
Retail borrowers will be less likely to over-leverage loans in the new year. Lenders must now update credit bureau records every 15 days instead of one month. This allows lenders to better assess borrower risk and prevent multiple loans. Sharper and more reliable data improves decision-making and fosters a healthier lending ecosystem.
Promoters held 68.6 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 7.39 per cent and 5.38 per cent, respectively.
The “work-life balance” debate got the fillip with Gautam Adani joining in earlier this week. The fact is that, as the economy progresses, it induces change, both in terms of needs and preferences. To put it in perspective: Need is money and preference is leisure. In a recent survey, young people were asked what they would look at while deciding whether or not to take up a job. The responses suggested that “work-life balance” was a priority for today’s youth. Now, how does this relate to the stock market? Читать дальше...
ISRO and ESA have signed an agreement for ESA to provide ground tracking and communication support for India's Gaganyaan mission, ensuring reliable data transmission during the mission's orbital phase.
WhiteOak Capital Mutual Fund has launched the WhiteOak Capital Quality Equity Fund, an open-ended equity scheme focused on the Quality Factor theme. The fund aims to provide long-term capital appreciation by investing in companies with strong fundamentals. It will allocate primarily to equity, with minimal exposure to debt and REITs/InVITs. The NFO opens from January 8 to January 22, 2025.
Shipments of foreign-branded smartphones, including Apple’s iPhone, to China fell 47.4% in November, continuing a decline from October. Apple's market share shrinks amid economic slowdown and fierce competition from Huawei, which saw a 42% sales increase. Overall phone shipments in China also dropped by 5.1% year-on-year.
Budget 2025: The upcoming Union Budget 2025-26 is expected to focus significantly on improving port infrastructure, shipping, and inland waterways to support India’s manufacturing and export ambitions. This move aims to enhance the efficiency of India's supply chain, reduce logistics costs, and position India as a key player in global trade.
As of 30-Sep-2024, promoters held 68.43 per cent stake in the company, while FIIs held 11.96 per cent and domestic institutional investors had 3.62 per cent.
India's PLI schemes could generate USD 459 billion in revenue over 5-6 years, enhancing manufacturing, reducing imports, and boosting exports across 720 companies in various sectors, including energy, automobiles, solar, electronics, and pharmaceuticals. The government is refining allocations to address uneven growth.
India's office market reached new heights in 2024, achieving record net absorption and leasing volumes driven by tech sector recovery, BFSI, and manufacturing/engineering demands. Major cities like Bengaluru and Mumbai significantly contributed to the growth, with GCCs and flexible office spaces showcasing strong performances.
