Record News

Bitcoin, the leading cryptocurrency, has recently witnessed a minor dip, yet impressively holds above the $43,500 mark, signaling a strong market sentiment. The crypto sphere is abuzz, speculating on how high Bitcoin might soar in 2024.

Pacific Northwest experienced a record-breaking heat wave that sent the normally temperate region into Death Valley-like extremes that took a heavy toll on trees as well as people. Seattle and Portland, Ore., recorded their hottest-ever temperatures, reaching 108 degrees Fahrenheit (42.2 Celsius) and 116 Fahrenheit (46.6 Celsius), respectively. In British Columbia, the small town of Lytton reached 121 degrees Fahrenheit (49.6 Celsius). What become known as the “heat dome” is estimated to have killed hundreds of people in Oregon, Washington and British Columbia. As this human tragedy unfolded, a lesser-known ecological tragedy was happening, one that scientists warn has grim repercussions for the world’s plants and the many animal species that depend on them. In a matter of a few days, the 2021 heat dome turned many of the green leaves and needles on the region’s trees to orange, red and brown. But, as recent research suggests, tree foliage didn’t simply dry out in the heat.

Juan Palacios is Director of the CRE Climate and Real Estate Initiative at MIT. Speaking to Srijana Mitra Das, he discusses how professional work choices can be affected by PM2.5: Q. What is the core of your research? A.

Indian air traffic control is in the midst of a major change. Due to a significant increase in surveillance capabilities by Airport Authority of India (AAI), from 1 January, air traffic controllers will be able to halve the lateral separation between two aircraft leading to more efficient use of airspace from 10 nautical miles (18.5 km)to 5 nautical miles.

Allcargo Logistics Thursday said it will demerge its money-spinning international business ECU Worldwide into a separate listed entity Allcargo ECU Ltd, as it aims, as the last step, to restructure its businesses. The international supply chain business accounted for over 88% of its total over Rs 20,0000 crore revenue as of FY23. “Express business and contract logistics business would come under the resulting entity Allcargo Logistics which will benefit from combined synergies and the shareholders of Allcargo and Allcargo Gati will get direct shareholding eliminating inefficient complex corporate structure,” the company said in a statement. The restructuring started with selling its non-core assets, progressed to giving exits to its partners and acquiring their stakes in business and has culminated with this demerger. The Allcargo Group will now have four listed entities Allcargo ECU, Allcargo Logistics (that will include the express business after it acquired Gati) apart from Allcargo Terminals and Transindia Real Estate, in each of which its promoters own 70%. “As per the approved swap ratio, based on the recommendations of the independent valuers, shareholders of Allcargo Gati will get 63 shares in the resulting Allcargo Logistics entity (post ISC demerger) for every 10 shares held in Allcargo Gati. Shareholders of Allcargo will get 1:1 shares in the demerged Allcargo ECU Limited and continue to hold their shares in Allcargo Logistics Limited, which will now be the resulting entity holding Express and Contract Logistics business directly.

Rise Worldwide, a subsidiary of Reliance Industries, has signed a four-year agreement with Cricket Australia to oversee the latter's sponsorship sales for virtual inventory in India. The partnership, which will last until the 2026–27 season, will cover key events like India's tours of Australia in 2024–2025 and 2025–2026, the Ashes in 2025–2026, the annual Big Bash League, and other select international matches. Some of the assets that will be monetised by the agency include virtual pitch mats and virtual sight screens. «Virtual sponsorship is one of the most futuristic tools for brands to connect with customers, and it promises to grow exponentially with the evolution of technology.

Covid samples for RT-PCR test amid an uptick in coronavirus cases, officials said on Thursday. The department has also ordered them to conduct the genome sequencing of Covid-positive RT-PCR samples, they said.

₹30 crore on its first day for all languages, according to Sacnilk, the website tracking movie earnings daily. The movie has made a good start and is likely to pick momentum with the beginning of the holiday season. However, the movie failed to recreate the impact of SRK's Pathaan and Jawan, released earlier in 2023.

The EUR/USD pair has been struggling but still largely edging higher in recent times, as it looks to finish the month and year in positive territory.

Income Tax department conducted searches against a distillery group based in Odisha recently, the CBDT said on Thursday. The business of the group is controlled by a family based in Ranchi in Jharkhand and one of the family members is a «politically exposed person», the Board said in a statement, without taking any name.

Brokerage industry employment transitions – job cuts and the movement of registered representatives to other firms and independent channels – likely has led to a spike of industry-related arbitration cases.

Today was one of those days where I was waiting (and waiting) for the profit-taking to kick in, but by the time sellers made their appearance I had reached my loss limit for the day and so that, was that.

Nawaz Sharif has praised India and acknowledged that while neighboring countries have made great strides, Pakistan has lagged behind. Speaking to PML-N cadres in Islamabad, Sharif highlighted the dire economic situation in Pakistan. The 73-year-old PML-N leader, who returned to the country from London in October ending a four-year-long self-imposed exile, who is running for Prime Minister a fourth time. He is the only Pakistani politician who became the prime minister of the coup-prone country for a record three times. «Our neighbours have reached the moon but we haven't even risen from the ground so far. It can't keep going on like this,» Sharif said. «We have been responsible for our own downfall, otherwise this nation would have reached a different place. We shot ourselves in our foot,» he added.

Rahul Sharma, Director & Head — Technical & Derivatives Research, JM Financial Services, says “for the next couple of days, the market may face volatility. Weak hands are probably out of the market in yesterday's correction. Having said that, there are two levels to keep an eye on. One is 20,950; we reversed 25 points from that level in the morning, in the first half of the trading session today. So that remains a crucial support and that is where the put writers are also present both in the weekly as well as the monthly expiry.” Do you think there are any chances of visiting the morning lows or does it appear that the station has been taken out and now we are looking at higher levels? So two things. Yesterday's correction was more like the boy who cried wolf. Everybody was expecting that, it would be the FIIs who are selling at the year-end, booking profits, closing their books at a record high, etc, etc. But the data just does not prove that. In fact, they have added longs in index futures, they have added longs in stock futures on a down day. And even the cash figure, the sell figure was hardly anything to be worried about.

Retail inflation for farm workers rose to 7.37 per cent and that for rural labourers climbed to 7.13 per cent in November, mainly due to higher prices of certain food items. Retail inflation in October was 7.08 per cent and 6.92 per cent for farm workers and rural labourers, respectively, according to an official statement.

Also Read: FPIs pump ₹42,733 in Indian equities in Dec; Inflows rise after US Fed stance This impressive rally prompted investors to book profits, resulting in a 1.41% dip in the Nifty 50 on December 20. However, analysts anticipate this minor setback to be short-lived, with expectations of a rebound towards the year's end. Despite subdued performances from heavyweight stocks like Reliance Industries, HDFC Bank, and Infosys, the index's rally found support from the automotive and financial sectors in 2023.

Dixon Technologies shares are up more than 65% year-to-date (YTD) and analysts expect more upside to it on the back of government’s thrust on lowering imports of IT hardware and the Dixon Technologies’ recent contract with Lenovo which is believed to give it a strong head start in IT manufacturing. Also Read: Which Tata Group stock performed the best in 2023? The answer may surprise you JM Financial has a ‘Buy’ rating on Dixon Technologies and raised the target price on the stock to ₹7,215 per share from ₹5,975 earlier.

Media Platform X, previously known as Twitter is currently grappling with a widespread outage, as confirmed by Downdetector, a leading source for tracking online service disruptions. The platform has encountered a staggering surge of 47,405 outage reports, signifying a significant disruption in user access and functionality. Downdetector, recognized for monitoring online service outages, has identified a notable spike in reports linked to Social Media Platform X.

Cochin Shipyard Ltd, part of the shipbuilding space, has rallied by about 20% in a month which helped the stock to breakout from a rounding bottom pattern on the daily charts. The breakout has opened room for the stock to head above 1500 levels in the next 3-4 months, suggest experts. The stock rose from Rs 1081 as on 17th November 2023 to Rs 1307 recorded on 19 December 2023 which translates into an upside of over 20% in a month. The stock hit a record high of Rs 1337 on 19 December. The stock faced resistance above 1200 levels in September 2023 and it failed to hold on to the momentum.

COVID-19 and six fatalities, as reported by the Ministry of Health and Family Welfare on Thursday. Notably, Kerala alone accounted for 300 new active cases of COVID-19 and reported three deaths. The ministry further informed that the total number of active COVID cases in the country is currently at 2,669, with the total number of fatalities reported since the arrival of the pandemic in India at 5,33,327.

By Yuka Obayashi