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Sensex ended 371.95 points, or 0.52%, higher at 72,410.38, while the Nifty 50 gained 123.95 points, or 0.57%, to close at 21,778.70, on December 28. “Markets have been gaining for five consecutive trading sessions on the back of optimism over expected growth next year. Global markets too were supportive as investors hoped for an early rate cut in 2024.

diesel buses, more than a third of the total on roads, with electric ones over the next seven years. Apart from lowering vehicular emissions, this is also expected to catalyse investments in the electric vehicle (EV) ecosystem in the country. The replacement plan includes 200,000 electric buses for state transport undertakings (STUs), 550,000 for private operators, and 50,000 for schools and employee transportation by 2030, top government sources told ET. Designed to electrify the country's public transport systems, the plan is likely to replace the third leg of the Faster Adoption and Manufacturing Electric Vehicles (FAME) incentive programme and pitch India as a global manufacturing hub for EVs. To put the plan in context, about 138,000 electric buses were sold in China and 4,000 in Europe in 2022. «Replacing diesel buses with electric ones will not only address environmental concerns but also help create an ecosystem for electric vehicles,» said one of the persons cited above.

Hero MotoCorp rose 2.9% to an all-time closing high of ₹4,174 in Thursday's trading, as the recent bullish wave has resulted in a technical breakout in stock, opening the likelihood of further gains of as much as 56% from current levels. Analysts are recommending investors to buy the stock on dips as business prospects too are favouring the company at this juncture. Hero shares crossed the ₹4,000 level on December 26 for the first time after September 2017 amid the run-up in recent weeks.

Yash Raj Films' revenue for the fiscal ended March 31, 2023, surged almost 2.5 times on-year to '1,508 crore on the back of Shah Rukh Khan-starrer Pathaan's superlative box office performance. The company had recorded revenues of '619 crore in FY22, according to its regulatory filings with the Registrar of Companies (RoC). «It's been one of our best years in our 50-year history,» Akshaye Widhani, chief executive of Yash Raj Films (YRF), said about calendar 2023. «Our hits have been more than our misses due to our focused content approach,» he told ET, referring to the performances of Pathaan and Salman Star-starrer Tiger 3, which was released in November. Widhani refused to comment on the financials since YRF is a privately held company. Global box office collections of Pathaan, which made its theatrical debut on January 25, and Tiger 3 stood at '1,100 crore and '480 crore, respectively.

asset-liability positions by trimming dependence on short-term borrowing and increasing preference for long-term funding sources, but in case of extreme liquidity conditions, 34 firms may face stress, the Reserve Bank of India said. «The results (of stress scenarios) indicate that the number of NBFCs, which would face negative cumulative mismatch in liquidity over the next one year in the baseline, medium and high-risk scenarios, stood at 6, 17 and 34, respectively,» the RBI said in its December 2023 Financial Stability Report. Under the RBI's stress scenario, six NBFCs represent 1.3% of the asset size of the sample, 17 non-bank firms represent 10.4% and 34 firms account for 15%, respectively. Based on five-year data, a study of the asset-liability management profile of the top 50 NBFCs showed that 76% of bonds issued by the non-bank lenders had a residual maturity of up to five years in September 2023, down from 88% in September 2018. This indicates elongation in the maturity of bonds, the RBI said.

Indian Space Research Organisation (ISRO) Chief S Somanath Thursday said the Indian space agency is planning to launch 50 satellites in the next five years for geo-intelligence gathering. The initiative involves the creation of a layer of satellites in different orbits with the capacity to track the movement of troops and image thousands of kilometers of area.

MUMBAI : Rajiv Jain-led GQG Partners has accounted for more than a fourth of the entire net foreign portfolio investment (FPI) inflows into India in 2023. Of that investment, more than 80% went into the Adani Group, and the rest into five other listed companies. Returns on the investments, too, were impressive.

Centurion. Virat Kohli played a ball to Dean Elgar in the off side and set off for two runs. Jasprit Bumrah, having run two the previous ball, and far from the most fleet-footed between the wickets, had almost no chance of getting back.

By Shubham Batra and Amruta Khandekar

Premier League match today. Arsenal will require a win to leapfrog Liverpool and stay at the top of the table. West Ham also require three points to stay in contention for European place. Arsenal and West Ham's Premier League match will be played on Thursday, December 28 at Emirates stadium in London. The soccer match is scheduled to kick off at 3.15 pm (ET). The soccer match will be live streamed on Peacock.

₹6,000 a night, according to ratings agency Icra. Hotel revenues saw a robust 20% increase over 2022 while operating margins surpassed the 30% mark. Occupancy rates for top hotel firms, with an inventory of 70,000 rooms, are expected to rise by 10% compared to the previous year, to 74%, according to Crisil.

Also Read: Smallcaps in Review | From BSE to Angel One, here are the top 10 smallcap gainers of 2023; check full list Healthy inflow from domestic institutional investors (DII) and foreign institutional investors (FII) brought back confidence in the market. Consequently, the key domestic benchmarks Sensex and Nifty 50 continued reaching multiple records and gained nearly 20-22 per cent in the last one year.

Chinese smartphone maker Xiaomi unveiled its first electric vehicle (EV) on Thursday, while also announcing the company’s ambitious goal of becoming one of the world’s top five automakers.

Also Read: Apple shares climb 0.7%, registering an intra-day record high of $199.62 The Nasdaq jumped 32 per cent in the first six months of the year, driven by Apple’s rally and chip major Nvidia’s boom, marking its best first half in the past 40 years. However, the tech stock’s price rally has continued ever since, helping the largest players in the market to add trillions of dollars to their stock values. According to YCharts data released by Stocklytics.com, the combined stock value of Apple, Microsoft, Alphabet, Amazon and Meta, the world’s five largest tech companies, amounted to $6.17 trillion in December last year.

After the Bank of Canada held its benchmark interest rate steady in its final three decisions of 2023, the tone of conversations in markets has shifted firmly away from further rate hikes and staunchly into the camp of when cuts could begin.

satellites in the next five years for geo-intelligence gathering which will include the creation of a layer of satellites in different orbits with a capacity to track the movement of troops and image thousands of kilometers of area, Indian Space Research Organisation (ISRO) chairman S Somanath said here on Thursday. Speaking at 'Techfest', an annual science and technology event organised by the Indian Institute of Technology Bombay, he said it is important to improve the ability of satellites to detect changes, to bring in more of AI-related and data-driven approach to analyse data, reduce data downloads and get only the necessary information.

American YouTuber and podcast host Patrick Bet-David increased by $20 million just because Lionel Messi became his neighbor. According to the Daily Star, Messi's mere presence in the plush area has been financially lucrative for his neighbor. The social media influencer, who boasts of more than one billion views across his two channels, has seen the value of his property go through the roof. After joining MLS team Inter Miami, the eight-time Ballon d'Or winner moved to the US. Lionel Messi initially moved to a £ 7 million apartment near the iconic Golden Beach. However, he spent £8.4m on a humongous property located in Fort Lauderdale.

sleep quality exhibit unfavourable physical health indicators, particularly elevated blood pressure, a study has found. Objective sleep quality consists not only of the total sleep duration, but also the amount of the different sleep stages, the duration of wake period, and the frequency of awakenings.

Powerball drawing on Wednesday night which happened to be the penultimate drawing in 2023 didn't yield a jackpot winner, setting the stage for the potential end of the year with an almost $800 million prize in the final drawing. The winning numbers were 4, 11, 38, 51, 68, along with the red Powerball 5, and the Power Play option was 3X. Although the estimated $685 million jackpot remained unclaimed, a fortunate Texan secured $2 million by matching all five white balls and the Power Play.

Goldman Sachs, a leading global investment banking firm, has projected a substantial surge in trading volumes of blockchain-based assets in the next one or two years, with significant market growth anticipated in three to five years, according to an interview with Reuters . This forecast, as revealed in a recent Reuters interview with Mathew McDermott, the bank's global head of digital assets, aligns with the growing interest in digital assets and blockchain technology observed across the financial sector.

Nikki Haley faced a New Hampshire voter's question on Wednesday, criticizing her for not addressing slavery in her response about the Civil War's cause. As the former governor of South Carolina, she, in the past, advocated for removing the Confederate battle flag from the statehouse grounds.