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HinduBusinessLine
14h
110
Image Credit: HinduBusinessLine
GST reforms, a work in progress
- The GST Council proposed several changes at the GST meeting.
- GST rates on fortified rice kernel (FRK) will be reduced to 5%.
- Clarifications were provided on the tax rates for items like pepper, ready-to-eat popcorn, and old/used vehicles.
- The establishment of GST Tribunals and the restructuring of GST compensation cess are still ongoing processes.
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6 Likes
Tech Story
14h
50
American Airlines recovers from brief Christmas Eve grounding due to technical glitch
- American Airlines experienced a brief grounding of its flights on Christmas Eve due to a technical glitch, causing inconvenience for travelers.
- The issue was attributed to a vendor technology problem, specifically with weight and balance data calculations, required for safe takeoff.
- Though passengers expressed frustration on social media, the airline managed to quickly resolve the problem and minimize the overall impact.
- This incident highlights the need for robust contingency plans and continual investment in technology and talent in the aviation industry.
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3 Likes
Tech Story
14h
353
Intel Announces CES 2025 Keynote: Set to Compete with AMD and NVIDIA
- Intel announces CES 2025 keynote, scheduled for January 6, 2025.
- Intel expected to showcase 14th-Gen Meteor Lake processors, AI-powered solutions, expansion of Arc GPUs, and next-gen data center innovations.
- AMD and NVIDIA also set to deliver keynotes on January 6, showcasing new processors, GPUs, and AI advancements.
- CES 2025 provides Intel an opportunity to battle market challenges, showcase AI innovations, and reinforce brand leadership.
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TechBullion
14h
189
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Could This New Crypto Presale Rival Ethereum Classic (ETC) and Cardano (ADA) In 2025? Experts Think So
- Rollblock's presale is gaining attention as it aims to challenge Ethereum Classic (ETC) and Cardano (ADA) by 2025.
- Rollblock is positioned as the top GamebleFi ecosystem, focusing on iGaming, blockchain security, and token utility.
- The platform offers sports betting and over 7,000 casino games, operating on a play-to-earn model and securing all games and bets with blockchain technology.
- Rollblock allocates up to 30% of its revenue for RBLK token buybacks, supporting long-term value and discouraging selling.
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Bloomberg Quint
14h
160
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Manorama Industries Promoters Offload Stake Worth Rs 200 Crore
- Manorama Industries promoters Vinita Ashish Saraf, Shrey Ashish Saraf, Agastya Saraf, and shareholder Ritu Saraf offloaded stake worth Rs 200 crore through open market transactions on Tuesday.
- LIC Mutual Fund, Bank of India Mutual Fund, and Aditya Birla Sun Life Mutual Fund bought shares in the company.
- Shares of Manorama Industries fell as much as 5.99% during the trade on Tuesday but partially recovered to close 2.55% lower at Rs 1,090 per share.
- The stock has soared by 172.36% on a year-to-date basis and has marked a climb of 187.05% over the past 12 months.
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9 Likes
Baystreet
14h
178
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TSX Off at Start of Truncated Session
- Canada's main stock index opened slightly lower on Tuesday in thin trading volumes, hurt by telecom stocks, as investors clocked in for a half-day trading session on Christmas Eve.
- The TSX deleted 28.46 to open Christmas Eve Day at 24,720.52.
- Toronto markets will close at 1:00 p.m. ET on Tuesday on account of a half-day Christmas holiday. Trading volumes are expected to be light throughout the day.
- In corporate news, Canada's antitrust regulator said on Monday it was suing Rogers Communications for allegedly misleading consumers about offering unlimited data under some phone plans. Rogers shares began Christmas Eve down 20 cents to $43.69.
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Baystreet
14h
233
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Why Microstrategy, Arm Holdings, and Carnival Stocks Fell
- Microstrategy (MSTR) stock dropped by 8.78% on Monday.
- Arm Holdings (ARM) failed to break out above $150 and plans to seek a retrial.
- Carnival (CCL) is losing bullish momentum in the travel sector.
- Investors are taking profits in anticipation of seasonal slowdown in March.
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14 Likes
Baystreet
14h
229
Image Credit: Baystreet
Today's Stock News on Honda, Apple, and Energy Stocks
- Honda (HMC) and Nissan (NSANY) are in talks for a merger, causing a surge in HMC stock.
- The merger would create the third-largest automaker, but may face operational challenges.
- Apple (AAPL) reached a new all-time high, but risks a potential pullback due to lack of compelling features in the iPhone.
- Energy stocks, including Occidental Petroleum (OXY) and Exxon Mobil (XOM), are expected to rebound once WTI crude prices stabilize.
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TheNewsCrypto
14h
72
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Virtuals Protocol and Zetachain Decline as This New Altcoin Gains Investor Confidence
- Virtuals Protocol and Zetachain face challenges in retaining investor confidence.
- FXGuys, a rising DeFi star, gains investor confidence with innovative features.
- Virtuals Protocol and Zetachain struggle with network scalability and lack of innovation.
- FXGuys solidifies its position with its Trader Funding Program, staking rewards, and Trade2Earn initiative.
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4 Likes
Baystreet
14h
226
Image Credit: Baystreet
Why Tesla Stock Crashed Last Week
- Tesla stock experienced a significant crash last week
- Investors wanted to reduce their exposure to Tesla stock following the Fed's indication of fewer interest rate cuts
- The electric vehicle market is expected to face a recession, leading consumers towards cheaper alternatives
- Toyota is expected to thrive in the hybrid market, while Honda and Ford face challenges
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13 Likes
Baystreet
14h
222
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What is the Federal Reserve's Game Plan After the 25 bps Cut?
- The Federal Reserve has cut interest rates by 25 basis points.
- The central bank expects to slow down rate cuts in 2025.
- The Fed is cautious about potential tariffs on Mexico, Canada, and China.
- Rising tariffs and inflation may deter further rate cuts by the Fed.
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13 Likes
HinduBusinessLine
14h
102
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Why food prices are stubbornly high
- Cereal inflation moderated in November 2024, but continued to rise on a monthly basis
- Rice and wheat have a major impact on food prices due to their high weight in the cereal and products sub-group
- Increased production and procurement of rice and wheat have led to a tight supply situation in the domestic market, driving prices upwards
- Unlimited procurement and supply interventions have contributed to the steady rise in prices, discouraging crop diversification
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6 Likes
Bloomberg Quint
14h
127
Image Credit: Bloomberg Quint
Income Tax Refunds Up 46% During April-November To Rs 3 Lakh Crore
- Income tax refunds amounting to about Rs 3.08 lakh crore were dispersed between April and November this year, which is about 46% higher than refunds during the same period in the preceding year.
- Approximately 98.35% of ITRs filed have been e-verified as of November 22.
- In July 2024, the highest number of ITRs were submitted, totaling 5.87 crore filings.
- Several new initiatives and improvements in the income tax e-filing process resulted in 47.52 lakh updated returns filed and streamlined processes.
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7 Likes
Crypto-News-Flash
14h
80
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Best Crypto Coins to Buy Right Now Before Christmas [Backed By Experts]
- Qubetics brings a unified framework that facilitates seamless data exchange, asset transfers, and cross-chain transactions.
- Bitcoin (BTC) is the genesis of blockchain technology and the cornerstone of the cryptocurrency market.
- Ethereum (ETH) revolutionised blockchain technology by introducing smart contracts and self-executing agreements with predefined terms.
- Solana (SOL) has earned its reputation as one of the fastest blockchains in the industry, capable of processing up to 65,000 transactions per second (TPS).
- Cardano (ADA) takes a scientific and research-driven approach to blockchain development.
- Avalanche (AVAX) is designed for high throughput and near-instant finality, making it a top choice for developers requiring scalability and flexibility.
- Polkadot (DOT) is a next-generation blockchain emphasising interoperability, enabling independent blockchains to exchange data and collaborate seamlessly.
- Near Protocol (NEAR) is a scalable, developer-friendly blockchain for user accessibility and high performance.
- XRP, developed by Ripple Labs, focuses on transforming the world of cross-border payments.
- Binance, originally launched as a cryptocurrency exchange, has expanded its ecosystem to include the Binance Smart Chain (BSC).
- The blockchain landscape is continuously evolving, driven by projects that push the boundaries of technology and innovation.
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Coinpedia
15h
156
Image Credit: Coinpedia
Veles Enhances Cryptocurrency Trading with Cutting-Edge Automation and Backtesting Tools
- Veles is a platform for cryptocurrency algorithmic trading that offers advanced automation capabilities and robust backtesting tools.
- The platform enables users to create and deploy intelligent trading bots, customize strategies, and integrate with major exchanges.
- Veles supports a wide array of algorithmic strategies, offers risk management tools, and emphasizes the importance of backtesting for refining trading strategies.
- With a focus on user empowerment, accessibility, and innovation, Veles aims to set standards in algorithmic trading.
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