Tue, Jan 7, 2025 1:27 PM
IndiaMART shares rise over 4% on JM Financial's 'Buy' upgrade
A Flip by Shubhangi Gupta
Citigroup Inc. predicts a 10% return for India's $5 trillion stock market in 2025, driven by economic growth and robust corporate earnings, setting a target of 26,000 for the NSE Nifty 50 index, with domestic flows expected to buffer against weak urban demand and rising global yields. Individual investors snapped up 1.5 trillion rupees worth of stocks on the National Stock Exchange of India Ltd.
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India’s electricity generation grew at its slowest pace in 2024 since the COVID-19 pandemic, an analysis of federal grid regulator data showed, hit by a slowdown in the world’s fastest growing major economy. Power output rose 5.8% annually to 1,824.13 billion kilowatt-hours (kWh), an analysis of daily load dispatch data from federal grid regulator Grid-India showed.
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Kazakhstan shut down 36 unlicensed crypto exchanges in 2024, seizing $112.8 million in assets, marking a 96.3% drop from 2023, as part of its efforts to combat money laundering. A translated statement from the agency said: “Such entities do not identify their clients and do not identify suspicious transactions. Therefore, their services are often used by cyber crooks and drug traffickers.”
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