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Supreme Court delivered a melange of seminal verdicts in 2023 including those that upheld the Centre's decisions to scrap Article 370, which bestowed special status on Jammu and Kashmir, demonetisation of Rs 1,000 and Rs 500 currency notes, and refused to accord legal recognition to same-sex marriages. Under Chief Justice of India D Y Chandrachud, the top court created a record by disposing of an unprecedented 52,191 cases between January 1 and December 15, 2023. It had disposed of nearly 40,000 cases the previous year. Though the Modi government received an emphatic endorsement from the Supreme Court for its decisions nullifying Article 370 and binning Rs 1000 and Rs 500 notes, it was at the receiving end of apex court order that held the Delhi government had legislative and executive control over services in the national capital except for public order, police and land. A five-judge bench of the Supreme Court (SC) unanimously ruled that the appointment of the Chief Election Commissioner and Election Commissioners shall be made by the President on the advice of a committee consisting of the prime minister, the leader of the opposition in the Lok Sabha and the Chief Justice of India. However, these led to the framing of a new law on the appointment of CEC and ECs and amendments to the Government of National Capital Territory of Delhi (GNCTD) Act by the Centre.

Year-ender 2023: In a remarkable shift, the Indian government's strategic transition from being a net importer to a net exporter has propelled the country's defence sector to new heights. The Ministry of Defence marked a historic year in 2023, witnessing a surge in defence exports, reaching an unprecedented ₹16,000 crore in the financial year—almost ₹3,000 crore more than the preceding year. Concurrently, defence production crossed the monumental milestone of ₹one lakh crore for the first time.

Also Read: Murugappa family settles disputes and differences with Valli Arunachalam, withdraw legal proceedings Among group stocks, Wendt India has emerged as the top performer, with a return of over 80%. The company is a leading manufacturer of super abrasives, machining tools, and precision components. In the current year so far, the stock has soared from ₹7,570 apiece to ₹13,921, resulting in a gain of 84%.

ANI, the original Parliament House in India, crafted by British architects Sir Edwin Lutyens and Herbert Baker, stands as a colonial-era structure that underwent a six-year construction period from 1921 to 1927. Originally designated as the Council House, the building functioned as the residence for the Imperial Legislative Council. Also Read: New Parliament inauguration row: Here's what Indian constitution says about powers of PM and President The demand for a replacement Indian Parliament building had been overdue for quite some time.

The Indian real estate market witnessed an unprecedented surge in 2023, surpassing all expectations and setting new records. This dynamic market is now a beacon of opportunities for both domestic and international investors, propelling the economy to greater heights. Inflows into the Indian real estate sector soared to an impressive $5.1 billion in 2023, with land acquisitions accounting for a staggering 40 percent of this surge. Domestic developers took the lead, capturing 42 percent of overall investments, while international investment funds adopted a cautious approach. Despite projections of a tapering in capital inflow, strategic investments in residential and industrial sectors continue to drive the market forward.

India’s real estate market received private equity (PE) investments of USD 3.0 billion from 23 deals in 2023 (January 01 – December12, 2023), as against USD 5.3 bn recorded in 2022, according to Knight Frank India.

Himachal Pradesh, particularly on Christmas and in anticipation of the approaching new year. The state experienced a substantial influx of visitors at its tourist destinations, which are facing heavy traffic jams and slow vehicular movement owing to the spirit of festive fervour on Christmas. Also Read: Merry Christmas 2023: Top 20 wishes and messages for Christmas Day; what to write on cards Local residents of Himachal Pradesh encountered comparable disruptions as tourists from various parts of the country began converging on the well-liked hill stations of Shimla and Manali in anticipation of Christmas and New Year celebrations.

Santa Claus rally, typically associated with an upsurge in stock prices in the last five trading days of December and the first two days of January, may have already played out in Nifty ahead of its time, but the stage looks set for smallcaps. A study of the performance of Nifty Smallcap 100 during these 7-day periods over the last 11 years shows that the index has delivered positive returns every single year during the last five trading days of December and the first two days of January. Last season's Santa rally was the best in recent times, as the smallcap barometer jumped 7% in 7 days. “Nifty Smallcap 100 index has never closed in the red during this period in the last 11 years. Thus, one must watch out for a Santa rally in smallcaps during this period,” Apurva Sheth of SAMCO Securities told ETMarkets. Just like smallcaps, the bluechip Nifty, too, has a track record of giving positive returns in the last 19 out of 22 years. “Thus, data indicates a strong reason to believe that the index could continue this trend this year, too.

air quality in the national capital, as reported by the Central Pollution Control Board (CPCB). The Air Quality Index (AQI) at 9:00 am in Alipur registered at 376. Notably, Shadipur experienced a 'severe' AQI of 423, ITO recorded 416, Punjabi Bagh reached 433, RK Puram marked 422, IGI Airport (T3) reported 373, and Jawaharlal Nehru Stadium noted 387.

China and brought blizzards in its wake, sending temperatures towards historic lows. 1)The temperature recorded at Beijing's Nanjiao weather station rose to above zero degrees Celsius on Sunday afternoon for the first time in days, state media Beijing Daily reported. 2)According to Beijing Daily, since the temperature first dropped to below zero degrees on December 11, the temperature has remained below that line for more than 300 hours.

killed over 19,000 people and left tens of thousands injured in Turkey and Syria. An earthquake of magnitude 7.8 centered in the Pazarcik district jolted Kahramanmaras and hit several provinces, including Gaziantep, Sanliurfa, Diyarbakir, Adana, Adiyaman, Malatya, Osmaniye, Hatay, and Kilis. Later in the day, an earthquake of 7.6 magnitude centred in Kahramanmaras's Elbistan district jolted the region.

There has been much debate over the sovereign credit rating India deserves. New Delhi has long lamented that rating agencies have been unjust in assigning the country their lowest investment grade. Re-examining Narratives: A Collection of Essays, released last week by the Chief Economic Advisor’s office, attempts to explain why these agencies are wrong.

By Jose Torres

Twitter, in which workers claim that the company promised but never paid millions of dollars in bonuses. In June, Mark Schobinger, a former senior director of compensation for Twitter who lives in Texas, sued the company, claiming breach of contract under California law. The company has its headquarters in San Francisco.

snapped its longest weekly winning streak in six years, over profit booking at record high levels earlier in the week. On the weekly front, the BSE benchmark declined 376.79 points or 0.52 per cent and the Nifty dipped 107.25 points or 0.49 per cent - dragged by the fall in recent outperformers like financials and auto stocks.

OML Entertainment is driving an aggressive revenue growth strategy as it enters new international markets, grows its artist management roster, and develops diverse content for top streaming platforms, Gunjan Arya, chief executive of the company told ET. The company had a top line of over ₹330 crore in FY23 and expects a significant jump in FY 24, Arya said. In FY23, the digital entertainment company recorded a strong double-digit growth in revenue mainly on the back of its strong performance internationally in the branded content segment and tours by its artists. Arya said the company's objective in FY24 has been to maintain profitability and competitiveness in its three key verticals — artist management, content production, and brand solutions. She said OML also sees big opportunities in untapped markets like Japan and China. «Our artist management has expanded its roster with diverse talents, the OTT content segment is poised for success with upcoming releases, and our branded content initiatives continue to make remarkable strides in both domestic and international markets,» Arya said. OML, which started as an artist management company, has over the years pivoted to content production in a big way, even as it strengthens its position in the artist management and branded content segments.

Northern and northeastern parts of the country have experienced a record-breaking chill since last week, with some areas in the northeast hitting minus 40 Celsius (minus 40 Fahrenheit) and below as biting cold air flowed down from the Arctic.

The Cardano (ADA) blockchain has established itself as a prominent player in the cryptocurrency world, known for its fast transaction speeds, secure infrastructure, and commitment to sustainability. However, a new challenger has emerged from within the Ethereum ecosystem: Retik Finance (RETIK). This innovative DeFi platform boasts a comprehensive suite of financial solutions to enhance accessibility, security, and real-world utility for cryptocurrencies. But the question remains: can Retik Finance, the “Cardano Rival,” actually surpass ADA in terms of trading volume?

NEW DELHI : The Indian Railways will invest at least ₹7 trillion over the next decade to lay a record 50,000 kilometres (km) of new train tracks to modernize its network and boost train speeds, a top railway ministry official said. Encouraged by significant progress in laying new lines over the past couple of years, Railways now wants to go into mission mode to improve connectivity with modern tracks that can handle higher speed trains such as Vande Bharat, the official said on the condition of anonymity. Laying new tracks will be part of a new Vision 2047 document for the national transporter, under which it expects to add 100,000 km of new alignments, including some replacements, doubling and gauge conversion works over the next 25 years costing ₹15-20 trillion.

MUMBAI : A battle of nerves has built up in India’s derivatives market with foreign portfolio investors (FPIs) betting the indices will rise further, while an opposing camp of retail and wealthy investors is equally convinced they can correct. Even as markets have hit record highs, National Stock Exchange’s Client category—comprising largely high-net-worth individuals (HNIs) and retail investors—has taken a sizeable bearish position on index futures contracts, mainly the Nifty and the Bank Nifty, while FPIs have a bullish position on them. NSE data showed that Client held 85,251 cumulative net short contracts as of 22 December, while FPIs held 84,690 net long contracts.

BENGALURU : Byju’s has shifted the ownership of half a billion dollars that its special purpose vehicle Alpha borrowed in the US to one of its unnamed subsidiaries, a move that has stumped its US lenders trying to retrieve their money. Byju’s, which borrowed $1.2 billion in the US in November 2021, moved $533 million of it to Camshaft Capital Fund, a three-year-old hedge fund.