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Ajay Bagga, Market Expert, says he is expecting cryptos and gold to go up. There will be a flight to safety. Both the yen and the dollar will get bought into. In US treasuries, one can expect the yields to go down. Today we saw French yields reaching the Greece yield levels. We are seeing China borrowing at cheaper rates than Japan. We are expecting the Bank of Japan to come in and raise rates at its next meeting in the next fortnight. Following the political developments in South Korea and martial laws being put in place and then revoked, the Samsung stock is under heavy selling pressure. How do you expect global investors to react in the short term? Could this spark a broader risk aversion in emerging markets? Ajay Bagga: The Korean exchange has said they will function as normal. The party leader of the president has opposed this on a Facebook post and the defence minister has called for the military. So, we really do not know what is happening right now. It actually came out of the blue. There have been political wranglings on the budget and this is a minority government which would not survive a floor test. So, overall, it is a very big surprise and I am sure the allies of South Korea from Japan to Europe are working on the back channels to see how this situation can be diffused. It is not a dictatorial country. It is a very strong democracy standing up to its communist neighbours. So, it is very critical that democracy is protected.

The report projects the Nifty to reach 26,500 in CY25, implying a return of less than 9%, with potential underperformance against US equities in USD terms. The Nifty50 closed at 24457 on 3 December 2024.

Subscribe to enjoy similar stories. The Federal Reserve has slowed inflation, but many Americans continue to pay a high price for the cumulative inflationary consequences of excessive monetary and fiscal stimulus. We wrote in these pages in February 2021 that, based on history, high deficits combined with expansive monetary policy would trigger accelerating inflation.

Bryan Johnson, a 45-year-old millionaire entrepreneur and the visionary behind the ‘Blueprint’ project aimed at reversing aging, is presently in Mumbai. Renowned for his innovative strategies in longevity science, the tech entrepreneur offered a sneak peek into his visit to Antilia, the opulent home of the Ambani family, through his official Instagram account. Johnson, who is visiting India to promote his book Don't Die, shared his enthusiasm about the opportunity to spend time with the billionaire family.

equity markets, our NRI clients have raised some concerns about the near to medium term outlook for Indian assets in their portfolio,” says Samir Bahl, CEO — Investment Banking, Anand Rathi Advisors. In an interview with ETMarkets, Bahl said: “Over the long term, we strongly believe that the India story is going to play out very well with aggressive reforms expected to be pushed through by the government” Edited excerpts:

A federal judge is considering imposing millions of dollars in sanctions on Byju’s manager Vinay Ravindra and company ally Rajendran Vellapalath, who founded Dubai-based tech startup Voizzit Technology. At a court hearing Tuesday, US Bankruptcy Judge John T. Dorsey said he will issue an “order to show cause” that would force the two tech executives to justify their actions, or be declared in contempt of court and be required to pay financial penalties.

Subscribe to enjoy similar stories. Natco Pharma Ltd isn’t your run-of-the-mill pharmaceutical company. It’s a story of calculated risks, high-stakes bets, and a fair bit of drama.

Use encryption. During a call with reporters on Tuesday, Cybersecurity and Infrastructure Security Agency official Jeff Greene said Americans should know that «encryption is your friend» and that «our advice is to avoid using plaintext.»

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says the assets the Adani group owns, whether it's in power generation, distribution, or even things like roads, airports, data centers, and ports, all have huge growth potential ahead. They've built up a solid capacity and are reinvesting a good chunk of cash flow back into the business, which is a smart move. They might tweak their growth strategies a bit, but using their free cash flow to fuel future expansion in these areas would be a great idea. The recent drop in stock prices is a solid buying opportunity for investors. Adani stocks fell and they have recovered. Can we ignore the news and just move on? Deven Choksey: From day one, I have been making a viewpoint that fundamentals do not change because of whatever the allegations have come up from the Department of Justice in the US court. In my viewpoint, the fundamentals remain strong. With Rs 85,000 crore EBITDA and growing at the rate of 20% per annum on a 2,40,000 crore debt, the balance sheet of the group itself is very solid with the cash flow generation that they have.

Bangladesh organised a rally at the White house demanding release of Chinmaya Das and protection for Hindus of Bangladesh. «Bangladesh's interim government has an absolute obligation to protect its Hindu minority and meaningfully address the protests of thousands of minority Hindus in outcry over the recent wave of attacks and harassment,» Congressman Brad Sherman said in a statement. «With the calls for an investigation from the Bangladesh Hindu Buddhist Christian Unity Council and the United Nations High Commissioner for Human Rights Volker Turk for killings and other rights violations during the violent unrest leading up to and after the fall of Bangladesh's former Prime Minister Sheikh Hasina, the current administration must demonstrate leadership in eliminating acts of violence against the Hindu community,» Sherman said.

HEG and Graphite India, surged in Tuesday's trading after China introduced a stricter review process for end-use of graphite exports to the US. Analysts said sentiment in these shares perked up on expectations restrictions by China could drive up demand for Indian graphite makers. HEG's shares soared 14.2% while Graphite India gained 9.1%. Key indices rose 0.7% each, while the BSE 500 index gained 0.8%.

Adani Group, currently facing impropriety allegations involving one entity of its diversified business empire, is now on a stronger footing than when the to-date unproven charges by US short-seller Hindenburg dramatically shrank the conglomerate's market value early 2023, global brokerage Bernstein said, citing both operating and financing metrics. The brokerage referred to a lower quantum of pledged shares, stronger debt coverage ability, and better relative valuations for some of the companies to justify its current assessment of the group, after billionaire founder Gautam Adani and his nephew Sagar Adani were indicted late November on alleged impropriety charges by the US Department of Justice.

Healthcare Global Enterprises Ltd (HCG), the country’s largest speciality cancer care hospital chain, from another private equity firm CVC Capital Partners, said people aware of the matter. The development comes less than six months after KKR made a return to the Indian hospital sector, after a gap of two years The private equity firms are aiming to sign binding documents this month, latest early January. Trumping a rival bid by Bain Capital, KKR entered into an exclusivity pact in late October with CVC for bilateral negotiations to acquire CVC’s 60.36% stake at a price of Rs 425-450 per share. This is at a 10-15% discount to the Rs 509.85 of Tuesday closing price, which translates into a market value of Rs 7,106.63 crore. But the stock has surged 43% in the last six months on the back of a strong financial performance and expectations of a sale. In the past month alone, HCG shares have risen 14%.

Malia Obama who is the eldest daughter of former US President Barack Obama is eventually making strides in the entertainment industry. According to She Knows, pretty recently, she directed her debut short film named The Heart which premiered at the Sundance Film Festival's Short Film Program in the year 2024. Adding onto that, she also served as a staff writer for the hit series Swarm while using the stage name ‘Malia Ann’. She Knows reported that in a notable addition to her growing resume, Malia Obama directed a music video for Michael Kiwanuka's single ‘One And Only’ which released on November 26. The video which actually features a woman pursuing her doppelganger through the woods has garnered attention for its moody aesthetic and storytelling.

Justin Trudeau is quite critical of. Trump has now been engaged in a war of words with the Canadian Prime Minister and has even stated that Canada should become the 51st state of the US, if Trudeau is not able to handle tariffs and immigration, according to a Fox News report.

President Joe Biden on Tuesday toured a slavery museum in Angola and inspected shackles and a whip, and he spoke of “our nation’s original sin."

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President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., and he’s pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker

The Amateur, starring Rami Malek, is set to release in April 2025. The film, directed by James Hawes, offers a unique take on the espionage genre, adapting Robert Littell’s novel.

Agricultural powerhouse Cargill, one of the world’s biggest privately held firms with thousands of Canadian employees, is slashing its global workforce as part of a major restructuring effort.