India Financial News

Prashant Khemka, Founder, White Oak Capital Management, says he believes that the market cannot be predicted, and it should always be viewed at fair value. It is always at fair value. If it drops 20% tomorrow, that is still fair value based on all the corporate news. Similarly, if it rises, it remains fair value. During COVID, when the market fell by 30%, it was fair value at that time, and when it bounced back by 30%, 40%, 50%, or more, it was still fair value because the market is always changing. In the context of India, a fairly valued market suggests it will provide low-double digit returns over the next year.

Subscribe to enjoy similar stories. Another year recedes for a new one to begin, laden with our collective hopes and expectations. The end of any time cycle is a good moment for honest reviews and barebone analysis.

Unimech Aerospace are set to debut on Dalal Street on Tuesday, with the equity shares of the company listing on both the BSE and NSE. Ahead of the listing, the company's shares were trading with a GMP of Rs 675 in the grey market, reflecting a strong bullish trend in the unlisted market. With the upper price band of Rs 785 for the IPO (initial public offering) of Unimech Aerospace, the stock is expected to give solid gains if the current trends sustain.

Priyanka Gandhi welcomed Union Home Minister Amit Shah's decision to classify the Wayanad tragedy as a "Disaster of Severe Nature," underlining that this step would aid rehabilitation efforts and called for the swift allocation of necessary funds.

Gujarat Government, under Chief Minister Bhupendra Patel, has resolved 83 per cent of grievances submitted through the Visitor Management System, a platform introduced in January 2023 to ensure transparent and effective redressal of citizens' concerns.

Surya Roshni shares may remain in focus today, the last day to buy the stock to be eligible for the 1:1 bonus share issue, as January 1 is the record date determining shareholder eligibility. “We wish to inform you that the Company has received in-principle approvals under Regulation 28( 1) of SEBI LODR, 2015, from BSE Limited and National Stock Exchange of India Limited vide their letters dated December 23, 2024, for issue and proposed allotment of 10,88, 17,948 Equity shares of ~5/- each as bonus shares in the ratio of 1 (One) new equity share for every l (one) existing equity share held in the Company. Further, the Company has fixed Wednesday, January 01, 2025, as the «Record Date» to determine the eligibility of shareholders for issuance of the said Bonus Shares,” the company had informed in an exchange filing.

UK government documents published Tuesday reveal the frustrations of then-prime minister Tony Blair and his government with French leader Jaques Chirac for blocking UN-backed military action in Iraq in 2003.

Yashasvi Jaiswal became the player to slam the third-highest scorer for India to score the most runs in a single calendar year.

Times Square Ball Drop. This century-old tradition draws millions of live and virtual spectators, marking the transition into a new year with grandeur, music, and a palpable sense of unity. Here’s everything you need to know about this spectacular event.

Majlis-e-Wahdatul-Muslimeen (MWM), ARY News reported.

Wall Street closed in negative territory on Monday in light volume at the top of a holiday-shortened week in the second-to-last trading session of an eventful year in which all three indexes posted strong double-digit gains. End-of-year tax positioning, valuations, climbing Treasury yields and uncertainties about 2025 all contributed to the risk-off sentiment. The three major U.S. stock indexes bounced off early lows but still were down more than 0.5%.

Gold prices were unchanged in early Asian hours on Tuesday, the last trading day of an eventful year that saw the metal post its best annual performance in more than a decade.

technology sector extended losses on Wall Street for a third session. Australian stocks fell about 0.7% in early trade Tuesday, with futures also pointing to a downbeat open in Hong Kong. A gauge of regional equities is set for its first quarterly loss this year. US contracts edged lower in Asia, following declines for both the S&P 500 and the Nasdaq 100.

VK Saxena has advised the AAP government to increase the stipend paid to ASHA workers in Delhi from the existing Rs 3,000 per month to Rs 9,000, noting that their last stipend increase was in 2018, even though revisions were supposed to occur every three years, according to a press release from the LG's office.

BSF) in Punjab recovered three Pakistdrones using «advanced technical countermeasures» along the Punjab border, authorities said.

The dollar's ascent, buoyed by rising Treasury yields, has pushed the yen toward its lowest levels since July, when the Japanese authorities last intervened. On Tuesday, it was at 157.02 per dollar, on course for a 10% drop in 2024, its fourth straight year of decline against the dollar.

Subscribe to enjoy similar stories. The Nifty 50, India's benchmark index, continued to struggle in surpassing and sustaining above its 200-day moving average (DMA), remaining range-bound between 23,600 and 23,900. On Monday, the index opened lower at 23,796, climbed to an intraday high of 23,915 in the first half, but faced selling pressure in the latter half, sliding to 23,599 before closing near its day’s low at 23,644.90.

Subscribe to enjoy similar stories. Employees of unlisted startups made a tidy sum from their ownership of employee stock options (Esops) in 2024, with 26 such companies buying back the Esops in pre-listing and secondary transactions.

Subscribe to enjoy similar stories. Cement, the cornerstone of India's infrastructure and housing development, faces a paradox. Despite record-breaking home sales, robust infrastructure projects, and a thriving economy, the sector has struggled to keep pace, weighed down by pricing pressures, overcapacity, and sustainability challenges.