Country Financial News

Rishi Kohli, CIO - Hedge Fund Strategies at InCred Alternative Investments, expects the next 2 years to be bullish and advises investors to be long on equities. However, one should get cautious as we head into elections, he said. “There is a lot of talk already that Nifty has over-stretched, etc.

Adani Green Energy Limited (AGEL) announced on Wednesday that it had finalised its 1,050-megawatt joint venture (JV) with TotalEnergies. TotalEnergies has invested about $300 million in the AGEL subsidiary, acquiring a 50% stake in the JV’s projects. In a regulatory filing, Adani Green wrote: "Further to the execution of the joint venture agreement, the company and TotalEnergies owns a 50:50 stake in ARE9L.

COVID-19 sub-variant JN.1 were recorded, with the tally of cases of the new variant across the country till December 26 rising to 109, official sources said on Wednesday. Thirty-six cases were detected from Gujarat, 34 from Karnataka, 14 from Goa, nine from Maharashtra, six from Kerala, four each from Rajasthan and Tamil Nadu, and two from Telangana, they said.

Tata Motors expect record sales in 2024, and big cities are racing to adopt electric buses. Despite the subsidy row, India is expected to become one the world's largest EV markets. India’s biggest and increasingly most consequential neighbour, China will complete 75 years of rule by a one-party communist regime on 1 October.

suspended the new WFI management along with all its office-bearers, including Sanjay Singh. However, it is unclear if it has affected Sakshi’s decision. Celebrated wrestler Bajrang Punia has returned his Padma Shri.

Investing.com-- Japanese and Indian stock markets were the top performers in Asia through 2023, with a dovish Bank of Japan and optimism over the Indian economy acting as key points of support.

One of the most prominent cryptocurrency exchanges situated in the United States, Coinbase, has just announced a considerable increase of its service offerings. It is also important to note that this expansion is geared towards institutional investors located outside of the United States, since they now have access to spot cryptocurrency trading services on the Coinbase International Exchange. In the beginning, the service, which was launched on December 14, 2023, let users to trade Bitcoin (BTC) and Ether (ETH) against USD Coin (USDC).

Turkey’s president to do just that. At a recent conference, Mr Erdogan was in his element, taking swings at Israel for bombing northern Gaza into the ground, and at Western duplicity. “A journalist is killed each day," he said, referring to the 68 media workers killed in Gaza since the start of Israel’s bombing campaign.

IndusInd Bank, said, "The introduction of India's first 'Corporate Credit Card' on the RuPay network is a testament to our constant endeavour in elevating the customer experience. The product comes from our deep understanding of the segment and we are delighted to introduce a compelling proposition for Indian professionals and businessmen who travel extensively and require lifestyle-related value-added benefits.

The European Commission recently approved regulations making it tougher for unintended immigrants to settle down in the European Union. Collectively known as the new EU Pact on Migration, the rules are aimed at restricting the number of new immigrants into the EU, even as member states recognize the need for new workers given the number of ageing individuals. The net result, perversely, might well be an increase in the legal flow of skilled immigrants, such as medical or information technology professionals.

China's new rules to reduce spending on video games create panic among investors, wipes off $80 billion Draft rules that curb spending and use rewards that encourage playing video games were published on December 22, raising concerns that regulators were once again cracking down heavily on the sector. Contradicting its previous stance, China's video game regulator - the National Press and Publication Administration, came up with a more conciliatory tone, saying it would improve the rules by "earnestly studying" public views.

BEIJING — Excitement over artificial intelligence isn't yet fueling a boom in cloud services spending in mainland China.

Investing.com-- Most Asian currencies stuck to a tight range on Wednesday, while the dollar languished near five-month lows amid persistent bets that the Federal Reserve will begin cutting interest rates early in 2024. 

₹100 per share, the same as its issue price. The ₹100 crore IPO was open for subscription between December 19-21 for a price band of ₹95-100 per share. Ahead of the launch, the company has raised ₹21 crore from anchor investors.

Its Hong Kong-listed shares climbed 3% in morning trade after a 12% tumble on Friday. Hong Kong markets were closed on Monday and Tuesday for public holidays.

construction industry as a result of placing a higher priority on energy efficiency. The building industry currently accounts for about 35% of the country's energy consumption, so it is imperative that it contributes to energy conservation and efficiency.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says: “The government has made most of the PSU companies more accountable for the growth. And that is one of the reasons for which the market participants and investors have started buying into some of the PSU companies because there is a visibility of growth that one is seeing vis-à-vis the private sector players I think these companies probably require to demonstrate their amount of growth. If that is so, then I would justify the kind of rally which is right now in place as far as the PSUs are concerned.” You have been a market watcher for the longest time. Do you think we have the infrastructure in place for T+0, instant settlement for the equity cash segment? What will the impact of this be like? Deven Choksey: In a lighter tone, I think in our country we first create the product and then the infrastructure gets built. I am not going to be very surprised if infrastructure is going to get built over a period of time. However, the most important part out here is that this particular move is likely to work for the investors much more significantly. When you settle the trade on the same day, you probably bring in a significant amount of market confidence and the integrity quotient will probably increase significantly. So, from that point of view, I would think that it is going to benefit the investors the most. Whether we have the requisite infrastructure at this point of time in place, it will have to be tested.

Investing.com-- Oil prices fell slightly on Wednesday, retreating from strong gains in the prior session as supply disruptions in the Red Sea and the prospect of early U.S. interest rate cuts in 2024 lent some support to crude.

Investing.com-- Most Asian stocks rose on Wednesday, tracking a rally on Wall Street as investors cheered the prospect of early interest rate cuts by the Federal Reserve, while Chinese shares lagged on a bleak economic outlook.

INS Imphal" was commissioned into the India Navy. "It epitomises our naval excellence and engineering prowess. Compliments to everyone involved in this milestone for Aatmanirbharta.

By Cynthia Kim