Record News

Panama Canal, which has been strained by drought for months, will increase the number of ships it accepts each day starting in January, thanks to better-than-expected November rains. As many as 24 vessels will be permitted to pass through the system daily, up from 22 currently, the canal authority said in a statement Friday. A powerful El Nino has reduced rainfall in the region, sapping the canal’s water levels.

ITC Ltd, part of the S&P BSE Sensex index, has underperformed the benchmark index but is seen consolidating around the breakout area of the cup and handle pattern on the daily charts. The level of Rs 450 is acting as a crucial support for the ITC stock price and a bounce back could be possible around these levels as various technical parameters suggest that bulls are here to stay. The stock is down by about 0.5% in a week compared to over 2% gain seen in the S&P BSE Sensex in the same period. It rose more than 4% in a month compared to 9% gain seen in the benchmark index. Short term traders can look to buy the stock now or on dips for a possible target above 500 once Rs 499 is breached – which is the July record high. The stock hit a record high of Rs 499 on 24 July 2023 but it failed to hold on to the momentum.

Motisons Jewellers launched its Rs 151 crore IPO on Monday. The company has mobilised Rs 36.3 crore from anchor investors, a day before the issue's opening. Only two investors participated in the anchor book. The issue, which is completely fresh equity of 2.74 crore shares, has created a strong buzz in the grey market as the company's shares are trading at over 100% premium compared to the offer price. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors. Motisons Jewellery is a hyperlocal jewellery retail chain in Jaipur with four showrooms (inclusive of one flagship showroom). The company primarily sources finished jewellery from third-party suppliers across India and its business involves sale of jewellery made of gold, diamond, kundan etc., The product portfolio comprises over 300,000 jewellery designs, including a wide range of gold, diamond and other jewellery items across different price points.

A “tectonic rift” is threatening to separate the South Korean crypto exchange Upbit from its rivals, as tensions begin to fray between domestic platforms.

air quality in the national capital persisted in the 'poor' category, according to the System of Air Quality and Weather Forecasting And Research (SAFAR) data. Meanwhile, as per the Central Pollution Control Board (CPCB), the Air Quality Index (AQI) at IGI Airport (T3) was recorded at 338 at 7.00 am. The AQI in the New Moti Bagh area was recorded in the 'very poor' category at 334.

Sam Bahadur Box Office Collection Day 17: Vicky Kaushal's "Sam Bahadur," a biopic on the legendary Indian field marshal Sam Manekshaw, continues its fight for box office dominance on its 17th day. Despite facing stiff competition from Ranbir Kapoor's "Animal," "Sam Bahadur" has managed to hold its ground, showcasing steady growth and positive word-of-mouth. The film collected around ₹5.43 crore on day 17, indicating a significant jump in the interest of the audience.

heavy rainfall continued in the south districts of Tamil Nadu on Monday, as Palayamkottai recorded 26 cm, and Kanyakumari recorded 17 cm of rainfall. Meanwhile, flood-affected people in the Tirunelveli district moved to a shelter camp. A visual from the shelter home showed people lining up for ration. In Thoothkudi district, taluka Srivaikuntam received 525 mm of rainfall on Sunday and a extremely heavy rainfall in the area is predicted.

Buy or sell stocks for today: On account of strong global market sentiments, Indian stock market ended higher for seventh week in a row on Friday last week. Nifty 50 index logged weekly gain of 2.30 per cent last week and closed at 21,456 levels after climbing to a new high of 21,492.

Wall Street, 2023 is a year to forget. Global investment banks turned almost unanimously optimistic on the market around this time last year, only to be confounded by a 14% drop in the MSCI China Index. Now, as policymakers ramp up efforts to arrest a housing slump and extend funding support for the broader economy, hopes are building again that 2024 will be better. But it's a case of once bitten, twice shy. This time around, expectations are much more modest. «It's like we've stood still in time for 12 months.

Making Money host Charles Payne discusses the Dow being on pace for a record close, automakers announcing layoffs and Democratic Rep. Ro Khanna proposing legislation to ban stock trading in Congress.

Swiggy's decision to charge 2% collection fee on all orders starting December 20 is an «unwelcome distraction», the country's leading restaurant body said on Sunday. The National Restaurants Association of India (NRAI), which represents over 500,000 companies across the country, also said restaurants will seek clarity from the food delivery platform in the coming days. «December is supposed to be the best month of business for us; for Swiggy to unilaterally come up with this suddenly in peak season is definitely an unwelcome distraction,» said Sagar Daryani, vice president of NRAI. Swiggy's move is «nothing but a way of indirectly increasing commission costs», alleged Daryani who is also founder and chief executive of Wow! Momo chain of restaurants. Swiggy did not respond to ET's email seeking comments till press time Sunday. The platform, in an email to restaurant partners, said it will charge a standardised 2% collection fee on all orders effective from December 20. «This fee is for facilitating seamless customer payments on the Swiggy platform.

Former Michigan gubernatorial Tudor Dixon discusses the consequences of labor strikes and the first GOP debate on The Big Money Show.

—Name withheld on request A strong credit score is a good field to monitor in one’s financial report card. There are a few simple but sometimes difficult to consistently follow actions, to watch for. These are linked to the factors that add up to one’s credit score.

The Voice" Season 24 finale is here. The culmination of «The Voice» will unfold in a gripping two-part finale, featuring a live two-hour episode. This pivotal episode will witness the last five contestants narrowing down to a single winner. The ultimate victor, chosen through a combination of coach and audience voting, will be awarded a grand prize of $100,000 along with an exclusive record deal with Universal Music Group. In addition to the coveted rewards for the winner, this year's runner-up will also enjoy some impressive perks. The top two contestants will be treated to an all-expenses-paid trip to Universal Studios, enhancing the overall experience for both finalists and adding an extra layer of excitement to the highly anticipated conclusion of «The Voice».

low-cost airline’s shares keep rising, the Financial Times reported. According to a 2019 bonus plan, O’Leary, 62, stands to earn share options valued at approximately €100 million if the Irish company’s shares maintain a price of 21 euros for 28 consecutive days, the newspaper said. The payout would come in the form of options to purchase 10 million shares at €11.12 each.

Stocks on Wall Street finished higher on Friday to notch another winning week amid growing expectations the Federal Reserve is done with raising interest rates and could start cutting them next year.

Michael 'Venom' Page will make his octagon debut at UFC 299 in Miami on March 9, 2024, and take on American Kevin Holland in his first fight. The welterweight was in talks with several MMA promotions but has opted to join domestic rival the UFC. The UFC President Dana White announced the news after Briton Leon Edwards' successful defense of his welterweight title on Saturday. Page has 21 wins and two defeats on his record. He competed 18 times for Bellator before his contract expired after his previous fight in March.

NBA G League in connection to the perplexing disappearance of a 23-year-old medical assistant from Washington in Las Vegas. Chance Comanche was taken into custody on Friday afternoon and is now facing charges of first-degree kidnapping, according to a report in New York Post. The disappearance involves Marayna Rodgers, who went missing on December 6 during a trip to Las Vegas. Reportedly, she got into a vehicle with her friend, Sakari Harnden, as detailed by KLAS. The arrest adds a significant development to the ongoing investigation into the case.

Investing.com — Markets are entering the closing weeks of 2023 after Federal Reserve Chair Jerome Powell said the historic tightening of monetary policy is likely over and discussion of rate cuts is coming «into view». Investors will get a final update on U.S. inflation for this year, while the Bank of Japan may be inching toward a long-awaited policy pivot. Here’s what you need to know to start your week.

Thanks to the most aggressive rate hike cycle in recent years, the central bank has managed to contain inflation without causing a recession — so far.

By David Randall