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Bloomberg Quint
23h
93
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Stock Market Highlights: Nifty, Sensex See Muted Close On Monthly Expiry Day; RIL, HDFC Bank Weigh
- After opening higher, the benchmark equity indices saw a muted close on the day of 2024's last monthly derivatives contract expiry of the Nifty index.
- Adani Ports and Special Economic Zone Ltd. contributed the most to the gains, while heavyweights HDFC Bank Ltd. and Reliance Industries Ltd. dragged.
- There was a lack of triggers from around the globe as most markets were closed on account of the Boxing Day holiday.
- The NSE Nifty 50 ended 0.10% or 22.55 points up at 23,750.20 and the BSE Sensex closed flat at 78,472.48.
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Bworldonline
23h
265
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James vs Curry
- Steph Curry delivered a superb performance against the Lakers, scoring 13 points in the final minutes.
- However, the Lakers had a counter for every Warriors' threat and emerged victorious.
- Both Curry and LeBron James showcased their skills, but fans wonder how many more battles they will have.
- The Warriors and Lakers face challenges in the highly competitive Western Conference.
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HinduBusinessLine
23h
370
Image Credit: HinduBusinessLine
Stock markets little changed in muted trade; Adani Ports spurts over 5%
- The Sensex settled at 78,472.48 in muted trade.
- Nifty gained 22.55 points or 0.1% to reach 23,750.20.
- Adani Ports, Mahindra & Mahindra, Maruti, Sun Pharma, Bharti Airtel, and Tata Motors were among the gainers.
- Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,454.21 crore on Tuesday.
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TechJuice
23h
157
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Only 600,000 of 3.3 Million Top Pakistani Earners File Taxes; FBR Report
- Pakistan's top 5% income earners owe Rs. 1.6 trillion in unpaid taxes.
- Only 600,000 out of 3.3 million individuals in this income bracket filed taxes.
- Pakistan's tax gap has increased to Rs. 7.1 trillion in the current fiscal year.
- Efforts are being made to enhance tax compliance and improve revenue collection.
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HinduBusinessLine
23h
325
Image Credit: HinduBusinessLine
Interarch Building bidding for Tata’s lithium battery project
- Interarch Building is bidding for Tata's lithium battery project in Gujarat.
- Interarch is already working on Micron's semiconductor assembly plant and Tata Electronics' microchip assembly and testing plant.
- The company has several projects in the renewables sector, including Reliance Solar and Amara Raja's lithium battery project.
- Interarch has a strong order book and pipeline of projects, but faces challenges in the availability of highly skilled engineers.
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Bloomberg Quint
23h
56
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Dixon - New Customers, Backward Integration, IT Hardware The Key Growth Drivers; 'Hold' Says Systematix
- Systematix maintains Hold rating on Dixon and upgrades target price to Rs 19,769
- Dixon's new customers, backward integration, and IT hardware are key growth drivers
- Systematix Institutional Equities releases research reports on Dixon
- The reports offer subscribers an opportunity to expand their understanding of the company
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HinduBusinessLine
23h
168
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Suzuki R&D Centre inks pact with NDDB for investing in biogas subsidiary
- Suzuki R&D Centre (SRDI) has signed an agreement with NDDB to invest in NDDB Mrida, a subsidiary promoting household-level biogas plants and managing large-capacity dung-based biogas plants.
- The investment amount has not been disclosed.
- The joint venture aims to provide clean energy and organic fertilizers by utilizing dung-based biogas models, contributing to sustainability in the dairy sector.
- Toshihiro Suzuki, President of Suzuki Motor Corporation, visited farmer households and dairy cooperative societies in Anand to understand the ongoing operations.
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HinduBusinessLine
23h
86
Image Credit: HinduBusinessLine
Can AI and generative AI drive growth for India’s IT services companies by 2025?
- The pace of AI innovation is growing in India, with the presence of over 240 generative AI startups.
- Global macroeconomic uncertainties impact decision-making in India's IT sector due to its export-led nature.
- While there is significant action in building proof of concepts, widespread adoption of AI at scale is still lagging.
- There is a growing demand for multi-skilled professionals to keep up with the fast-paced technological environment.
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Crypto-News-Flash
23h
157
Image Credit: Crypto-News-Flash
Can FXGuys Turn $2K Into Millions? The Answer Might Surprise You
- FXGuys ($FXG) is a cryptocurrency project that offers multiple revenue streams and potential for exponential returns.
- Key features of FXGuys include the Trade2Earn model, Trader Funding Program, and staking rewards.
- By actively trading, earning $FXG tokens, accessing trader funding, and staking, a $2K investment can potentially grow into millions.
- FXGuys stands out from other projects due to its real-world utility and strong fundamentals, making it a top DeFi coin to watch.
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Bloomberg Quint
23h
26
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India Launches Anti-Dumping Probe Into LNG Fuel Tank Imports From China
- India has launched an anti-dumping probe into LNG fuel tank imports from China.
- Inox India Ltd has filed an application seeking anti-dumping duty, stating that the cheap imports are causing material injury to the domestic industry.
- The tanks are used to contain and carry methane gas in large vehicles such as trucks.
- If it is established that the dumping has caused material injury, the DGTR would recommend the imposition of anti-dumping duty on these imports.
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HinduBusinessLine
23h
138
Image Credit: HinduBusinessLine
ACME Solar Holdings secures ₹1,988 crore financing from PFC
- ACME Solar Holdings has secured ₹1,988 crore financing from PFC.
- The financing will be used for the development and construction of a 300 MW solar-wind hybrid renewable energy project.
- The project will be located in Bikaner (Rajasthan) for solar capacity and Bhuj (Gujarat) for wind sites.
- ACME Solar has already signed a Power Purchase Agreement (PPA) with NTPC for the project and has procured the land for solar capacity.
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Bloomberg Quint
23h
239
Image Credit: Bloomberg Quint
Rupee Ends At Record Closing Low Of 85.26 Amid Sustained Weakness
- The rupee closed at a record low of 85.26 against the US dollar on Wednesday, weakening by 6 paise from its previous close of 85.20 on Tuesday.
- The rupee remains in a weakening mode due to dollar demand. Exporters may continue to wait with a stop-loss at 85.05, while importers should buy on all dips.
- Outstanding forex positions have risen to $50 billion, an increase of $35 billion since October, as per the RBI’s latest bulletin. The real effective exchange rate rose to 108.14 in November, indicating an overvaluation of around 8.5%.
- Market participants are closely watching for further cues from US jobless claims data expected later on Thursday. For now, the rupee is expected to trade within a range of 85.10 to 85.40.
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HinduBusinessLine
23h
3
Image Credit: HinduBusinessLine
Rising prices and elections stall residential growth in 2024: ANAROCK
- The housing sales in the top seven cities saw a marginal 4% decline in 2024.
- The overall sales value of housing units increased by 1% year-on-year, rising from ₹4.88 lakh crore in 2023 to approximately ₹5.68 lakh crore in 2024.
- The new launches in the top seven cities saw a 7% annual decline.
- On an annual basis, housing prices increased between 13-30% across the top 7 cities.
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Bloomberg Quint
23h
3
Image Credit: Bloomberg Quint
Wedding Industry Shines Again With Rising Budgets; Experts Predict Continued Growth
- The Justdial report suggests that metropolitan cities drove 34% growth in demand for wedding services with the national capital dominating with a 44% rise in wedding searches and 4x surge in resort venue searches.
- Wedding budgets saw a 6.7% increase year-on-year with the average spend at Rs 35.6 lakh till November of 2024, according to a survey done by all-in-one wedding planning solutions provider WedMeGood.
- Numbers shared by the Confederation of All India Traders or CAIT suggest the average wedding spend in India in 2024 was about Rs 30 lakh per wedding.
- Sheetika Tondon, Founder of Amaltas Jewels, said, "As gold prices continue to soar, Indian jewellers are seeing a shift in consumer behaviour, particularly in the wedding sector."
- The share of destination weddings in 2022 was 18%, which rose to 21% in 2023 and surged further to 26% this year, according to WedMeGood founder Mehak Shahani.
- The demand for cinematic wedding photographers was up 2x, while that of wedding card dealers was 44%, photographers 28%, choreographers 24%, and orchestras 15%, according to Justdial data.
- Couple preferring 'immersive experiences' over traditional methods, according to industry players.
- "Industry projections indicate it could reach Rs 10 lakh crore by 2025," said luxury wedding and event planner Leena Murthy.
- "Key trends for the year include personalised surprises and extended celebrations, AI-driven planning, minimalist decor with statement pieces, innovative food experiences, and emphasis on sustainability. While overall budgets remain stable, couples are strategically allocating funds to reflect their values and create memorable moments," according to Murthy.
- "The wedding services market in India is forecast to experience substantial growth, with estimates suggesting it could expand from Rs 1 lakh crore to Rs 3.5-4 lakh crore in the next five years," said CAIT's Khandelwal.
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Entrepreneurshiplife
23h
179
Image Credit: Entrepreneurshiplife
How to Create Great Digital Content: A Handbook for Engaging Viewers
- Digital content is essential for grabbing attention and engaging viewers online.
- To develop an effective content strategy, identify your target market, establish goals, focus on quality, use social proof, harness visuals, and analyze data.
- Tools such as SEO, social media management, and graphic design can enhance content creation.
- Businesses should consider the ongoing expenses and rely on digital marketing agencies for content management.
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