Despite the glorious performance of the pharmaceutical sector, India faced a huge setback because of the recent incident when 70 children in Gambia died due to ingestion of contaminated cough syrup, drawing global attention. The sector now needs to restore its image.
States are adopting Centre’s right of way rules for faster fibre and mobile towers rollout. Goa, Chandigarh and Arunachal Pradesh have already joined the Centre's Gati Shakti Sanchar portal. Others like Maharashtra, Andhra Pradesh, Bihar and Delhi plan to join. The new rules, effective from January 1, simplify processes, ensuring predictable and affordable telecom infrastructure development.
Gold February futures at MCX opened flat with a negative bias at Rs 77,440 per 10 gram, down by 0.12%, while silver March futures traded at Rs 90,840/kg, down by 0.04%. Prices were influenced by global central bank gold buying, a strong dollar index, and U.S. economic data.
Former Bangladeshi prime minister Khaleda Zia has gone to London for medical treatment. She traveled on an air ambulance provided by Qatar's emir. This comes after significant political changes in Bangladesh with former prime minister Sheikh Hasina being ousted. Zia's son, Tarique Rahman, is set to lead their party in upcoming elections.
Meanwhile, the Manipur Police arrested an active member of the proscribed outfit PREPAK (Pro) from Bishnupur district, he said.
Spain's government spokesperson Pilar Alegria emphasized that social media platforms should remain neutral and not interfere in political affairs, responding to Elon Musk's spat with European leaders. A European Commission spokesperson noted that while Musk is free to express views, X must comply with the EU's Digital Services Act on electoral and civic discourse.
NTPC Share Price: NTPC has incorporated a new wholly owned subsidiary, NTPC Paramanu Urja Nigam Ltd, to lead its nuclear energy business. The subsidiary will focus on developing nuclear energy projects, including building and managing power stations. NTPC’s strong financials, including a 14% rise in net profit, reinforce its position as a leader in India’s power sector.
Congressman Lance Gooden criticizes the Biden Administration's investigation of Gautam Adani, warning it might damage US-India relations and economic growth. He suggests the Department of Justice focus on domestic issues instead. Gooden is concerned about the potential political motivations behind the investigation and its impact on future economic recovery and investment.
Tensions flared at the Indo-Bangladesh border when BSF personnel clashed with Bangladesh Border Guards over fencing work in West Bengal's Malda district. Villagers supported the BSF by chanting pro-India slogans. The issue was resolved quickly after assurances that the work was pre-approved by both nations. Fencing resumed following the brief disruption, adhering to border management protocols.
US President-elect Donald Trump proposes renaming the Gulf of Mexico to the "Gulf of America," citing its favorable ring. The plan faces challenges including international protocols and historical context. Representative Marjorie Taylor Greene is drafting legislation to support the change, which follows Trump's contentious relationship with Mexico.
Indian market may consolidate Wednesday, with mixed global cues. Nifty gained 0.27% to 23,785 on Tuesday. Options data suggests a broader trading range of 23,300 to 24,300. Key stocks recommended for short-term trading include Westlife Foodworld, Zydus Life, Redington Ltd, SBI Life, Linde India, Eicher Motors, JK Cement, and Bank of Baroda.
Israeli cybersecurity firms raised $4 billion in 2024, more than double the previous year, driven by cloud security and AI growth, according to YL Ventures. Despite geopolitical challenges, Israel's cybersecurity sector is expanding, with global VCs increasing early-stage and growth round investments. Military service disruptions due to the October 2023 Hamas attack influenced the sector's adaptability.
Reliance Industries Share Price: RIL's current valuation is at its lowest since the COVID-19 market shock of March 2020. However, the stock lagged behind the Nifty index by 15% in the calendar year 2024, which has raised concerns among investors.
Donald Trump Jr's visit to Greenland concludes as Trump hints at potential military use for US control of Greenland and the Panama Canal. Trump emphasizes economic security, with Danish PM opposing the US acquisition of Greenland, asserting the importance of Greenlanders' autonomy within the Realm of Denmark.
Axis Securities recommends buying JSW Energy shares with a target price of Rs 800. The current market price is Rs 595.8. JSW Energy aims to achieve 20 GW of installed capacity by 2030. The company's goal includes significant expansion in renewable energy. This implies a potential upside of 26 percent from the current market price.
Goa experienced a mixed performance in tourist arrivals during the last week of December. Luxury hotels had over 90% occupancy, while mid-scale hotels saw 65-70%. Room rates were higher compared to 2023. Some hotels reported flat or declining growth, and tourists are considering other international destinations.
When there are outflows, the rupee tends to weaken. Additionally, most Asian currencies are depreciating against the dollar. When comparing the Indian rupee to the top 10 or 15 currencies globally, it is performing better than average, though it has still depreciated. These global factors and FPI outflows are contributing to the rupee's weakness.
Currently, the government spending cycle, notwithstanding this year’s blip (which we think is a blip, and we will discuss the reasons later), looks to be on the path of continued increase. Secondly, PSUs today are more operationally efficient than they have ever been in the last 25 years of India’s history. Both of these factors give me conviction about PSU earnings and asset growth.
According to Trendlyne data, the average target price for the stock is Rs 3,438, suggesting an upside potential of 11% from its current market price. The consensus recommendation from 35 analysts for the stock is a 'Strong Buy'.
Entrepreneur Aryan Kochhar advises young adults to consider living with their parents in their mid-20s as a financially smart decision. He argues that living independently may lead to financial struggles and loneliness. The advice received mixed reactions on social media, with some supporting the idea and others emphasizing the importance of independence for personal growth.
Motilal Oswal Financial Services recommends buying HDFC Bank shares with a target price of Rs 1748. HDFC Bank's current market price is Rs 1707.4. The bank reported a consolidated total income of Rs 121456.74 crore for the quarter ended 30-09-2024, with a net profit of Rs 17825.91 crore. Deposits increased 15.8% year-on-year.
Canada's ruling Liberal Party seeks a new leader as Prime Minister Justin Trudeau plans to step down. Contenders include former finance minister Chrystia Freeland, former Bank of Canada governor Mark Carney, finance minister Dominic LeBlanc, foreign minister Melanie Joly, innovation minister Francois-Philippe Champagne, and transport minister Anita Anand. The party has not yet released details on the leadership contest.
President-elect Donald Trump has expressed a strong interest in purchasing Greenland, even suggesting possible military force. In response, Danish King Frederik X revised the royal coat of arms to emphasize Greenland's significance to Denmark. Danish Prime Minister Mette Frederiksen asserted Greenland's autonomy, emphasizing its determination for independence.
Ola Electric Share Price: Ola Electric Mobility shares fell 3.8% after SEBI issued a warning for violating disclosure norms. The warning was given due to early announcement of a planned store network expansion. The Karnataka High Court also granted Ola an extension to respond to CCPA. Despite the warning, there are no financial implications for the company.
