đ Amid positive global cues, benchmark indices started on a positive note today. đ˘ At 9:16 AM, the Sensex gained 294.55 points or 0.43% at 69,590.69. Nifty is higher by 98.10 points or 0.47% at 20,953.20. đ Adani Enterprise (âŹď¸3.49%), and Nifty Energy (âŹď¸1.81%) appeared as the top performers on the Nifty50 at the open.
Open FlipA SpiceJet plane flying from Ahmedabad to Dubai was diverted to Karachi's Jinnah International Airport due to a medical emergency on board, officials said here. They said the SpiceJet flight SG-15 made an emergency landing here around 9.30 pm on Tuesday and a passenger was given medical assistance.
Open FlipAs per Prime Minister Narendra Modiâs statement at Gauhati High Courtâs platinum jubilee celebrations in April 2023, the government has identified and struck down more than 2,000 British-era central laws and ended more than 40,000 compliances. "Many of our laws date back to the British era and have completely lost their relevance now. The government is making constant efforts to review.
Open Flip"We expect market sentiment to continue strengthening," Shradha Sheth, head of equities at Neo and Asset Wealth Management, says in an interview to Moneycontrol. She feels the BSE Sensex might soon surpass the psychological threshold of 70,000. Further gains towards 75,000 would likely be propelled by strong demand, earnings growth, and macroeconomic factors.
Open FlipSurging gold prices are prompting some Indians to exchange gold jewelry for new pieces as demand rises during the wedding season in the biggest consumer of the precious metal after China. More Indians are looking to reuse their gold, and the higher prices mean imports will remain pressured in the coming months, said Surendra Mehta, national secretary at the India Bullion and Jewellers Association.
Open FlipWith an acute shortage in India of its favourite pulse, tur, the Centre has decided to procure the crop directly from farmers at market prices to build buffer stock, a senior official told Moneycontrol. The government will undertake procurement via the National Agricultural Cooperative Marketing Federation of India (NAFED) and the National Cooperative Consumersâ Federation of India Limited.
Open FlipByju Raveendran likens current crisis to war on multiple fronts, says true entrepreneur is a war leader Byju Raveendran, the founder of the embattled edtech unicorn Byju's, rallied close to 50 of the firm's top leaders, assuring them that this was a war on multiple fronts that they would ultimately win. The meeting came amid a precarious liquidity crisis.
Open FlipđSBI is picking up a 20 percent additional stake held by SBI Capital in SBI Pension Funds for Rs 229.5 crore. đHDFC Bank has sought approval from the shareholders for the re-appointment of Sashidhar Jagdishan. đBank of India has announced a QIP with a floor price of Rs 105.42 per share. đPowergrid received an LOI to establish an inter-state transmission system project for the transmission.
Open FlipINOX India and Stanley Lifestyles have received approval from the capital markets regulator Securities and Exchange Board of India (SEBI), to launch their initial public offerings (IPOs). Cryogenic equipment and tanks manufacturer INOX India received an observation letter from the SEBI on November 29.
Open FlipIndian banks are yet to fully pass on the central bank's policy rate increases to customers, a Moneycontrol analysis showed. The lack of monetary transmission in the system has long been a concern for the Indian central bank and has limited the impact of policy actions. As per the Reserve Bank of India (RBI), the weighted average domestic term deposit rate of banks increased by 233 basis points.
Open FlipIndian data centre market has witnessed investment commitments worth $21.4 billion during the first six months of this year, showing the high interest of investors in this growing sector, according to CBRE. Real estate consultant CBRE has released a report 'From Bytes to Business: India Data Centre Market Powering Progress in 2023'.
Open FlipStart-ups are finding novel ways to expand intellectual property (IP) to hitherto uncharted paths, and protect their IP rights in India â a country where copy-pasting and piracy is rampant, if not mainstream. The premise - the capabilities of the human mind are infinite.
Open FlipThe $1.6 trillion private credit market is enjoying a âgolden moment,â in the words of one Blackstone Inc executive, as banks retreat from risky lending and investors flock to funds offering double-digit returns on corporate loans. But those jumping on the bandwagon shouldnât forget private credit fees are very lucrative too.
Open FlipBig central banks are going to keep shrinking their balance sheets next year, pulling money out of the financial system, even if the fight against inflation looks to be won and interest rate cuts begin. Their aim is to restore the role of markets in supplying and setting the price of money. Itâll be a bumpy ride. The Federal Reserve and others will be testing a great uncertainty.
Open FlipSolar power generation capacity can go up to 75,000 gigawatts by 2050 globally with long-duration storage capacity, a report by the International Solar Association (ISA) and LDES Council, said. The report released on December 5 by ISA and the Long Duration Energy Storage (LDES) Council unveils a bold vision for the future of renewable energy.
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