The Indian Railways recorded a freight loading of 1154.67 million tonnes (MT) in the first nine months of the current fiscal year 4.1 percent higher than the corresponding months of the previous financial year, the Ministry of Railways said, adding that in the previous corresponding months, it had recorded freight loading of the 1109.38 MT. The revenue from goods traffic earned by Indian Railways.

About the deal   GAIL (India) Ltd and Vitol Asia Pte Ltd, today announced the signing of a long-term LNG deal into India for a supply of approximately one million metric tons of LNG per annum for about 10 years, commencing 2026. Under this deal, Vitol will deliver LNG from its global LNG portfolio to GAIL.

If the US dollar stabilises or weakens, then gold prices could start on a multi-year uptrend this year, according to DSP Asset Managers. Several analysts expect the dollar to weaken with the Fed ending their aggressive rate-hiking and with the possible weakening of global trade. The AMC's analysts too believe that central banks are likely to turn dovish as growth slows and inflation cracks lower.

Investors and traders are always on the lookout for strategies that can provide an edge in the dynamic world of stock markets. One such strategy that has gained considerable attention is focusing on 52-week breakout stocks. The 52-week high is a significant indicator, and its breakout is often seen as a signal for potential upward.

The rupee appreciated 8 paise to 83.26 against the US dollar on Thursday, tracking a weak American currency against major overseas rivals and positive cues from domestic equity markets. According to forex traders, the Indian currency strengthened on the back of massive equity buying by Foreign Institutional Investors (FIIs). However, volatility in crude oil prices resisted a sharp gain.

Jyoti CNC Automation’s Rs 1,000-crore IPO will open for subscription on January 9. The offer consists of only a fresh issue of 3 crore shares. The metal-cutting computer numerical control (CNC) machines manufacturer will use the proceeds to finance long-term working capital needs and repayment of some borrowings. Here are 10 key things to know before subscribing to the offer: 1) IPO Dates

Inflation plaguing Europe rose to 2.9% in December, rebounding after seven straight monthly declines. The rise in price levels cast doubt on predictions for speedy interest rate cuts from the European Central Bank. The figure released January 5 was up from the 2.4% annual inflation recorded in November but is well down from the peak of 10.6% in October 2022. ECB President Christine Lagarde warn.

Adani Ports and Special Economic Zone plans to issue bonds next week to raise Rs 500 crore, market sources said. Adani Ports will issue two bonds worth Rs 250 crore each on January 8, maturing in five years and 10 years, with a fixed coupon of 8.70 percent and 8.80 percent, respectively. This marks the Adani Group’s second bond issue after the Hindenburg Research report surfaced in January last.

The Budget for the fiscal year 2024-25 will be presented by Finance Minister Nirmala Sitharaman on February 1. This will be the sixth consecutive year for the finance minister to present the budget, which will be an interim budget ahead of the Lok Sabha elections. Sitharaman presented her first budget in 2019. Last year, she became the sixth finance minister to present five Union Budgets.

Staffing firm Gi Group Holding has announced the completion of its acquisition of the European Staffing business of Kelly, a speciality talent solutions provider. The acquisition is the largest such exercise in Gi Group Holding’s history and increased its revenues to €5 billion. The €130 million transaction accelerates Gi Group Holding’s growth strategy to become a leader in the global staffing.

Extending the rally of 2023, shares of real estate companies rose further up and clocked around 30% gains during the first week of 2024. Strong pre-sales reported by some of the sector majors drove the bull sentiment further. The S&P BSE Real Estate index gained more than 8% in a week, and the gauge hit an over 15-year high of 6820.59 points. Godrej Properties, The Phoenix Mills, Prestige Estates.

Fintech unicorn Phonepe on January 5 appointed former Yes Bank executive Ritesh Pai as the Chief Executive Officer (CEO) of its International Payments business. "We are delighted to welcome Ritesh onboard as CEO - International Payments at PhonePe. Ritesh has been an early believer and staunch supporter of the company and was very instrumental in our early UPI success story," said Sameer Nigam.

The market saw some wild swings in the afternoon trade on January 5 as the Sensex and the Nifty went off the day’s high with investors booking profit only to make a comeback at the end of January 5. Equinomics Research founder Chokkalingam G, expects the market to fall another 1-2 percent, saying it will make the overall breadth healthy. "We can watch out 21,000 as a key level for Nifty going.

✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 178.58 points or 0.25% at 72,026.15, and the Nifty was up 46.75 points or 0.22% at 21,705.35. 📊Among sectoral, Adani Ports(⬆️2.65%) turned out to be the best performer while Nifty PSU Bank (⬇️ 0.48%) saw considerable selling.

Finance minister Nirmala Sitharaman will present the Union Budget on February 1 which is going to be a vote on account as the Modi government heads for general elections likely around April-May. The vote-on-account is an exercise to help governments tide over the finances for the remaining period until the elections lead to the formation of a new government. One of the centrepieces of the Budget.