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Subscribe to enjoy similar stories. Nifty 50, India's benchmark stock market index, sustained its positive momentum for the fifth consecutive session. On 5 December, Thursday, the index opened with a gap-up and formed a bullish candle on the charts.

It’s DOGE time at the U.S. Capitol

Centre on Thursday told the Supreme Court that it has decided not to accept recommendations for enhancing pension by 10 per cent to retired regular captains of the Army in accordance with the One Rank One Pension scheme (OROP). A bench comprising Chief Justice Sanjiv Khanna and justices Sanjay Kumar and Manmohan was apprised about the non-acceptance of recommendations on pension hike by Additional Solicitor General (ASG) Aishwarya Bhati, who appeared for the Centre. The top court was hearing an appeal of the Centre challenging an order of December 7, 2021 of the Armed Forces Tribunal (AFT) at Kochi. According to the AFT order, the central government was to take a decision on the pension payable to the retired regular captains.

North Dakota Gov. Doug Burgum has handed his final budget blueprint to lawmakers that includes a rosy picture based largely on his state’s success in extracting near-record levels of oil and gas from the ground

Extending the winning run to the third straight day, benchmark Sensex jumped 597 points on Tuesday on buying in blue-chip stocks and firm trends in global markets.

Reliance Jio Infocomm and Bharti Airtel are once again at odds over waiving the licence fee for direct-to-home (DTH) operators, with the former advocating for retaining the fee and the latter calling for its eventual phase-out. Both companies presented their views to the Telecom Regulatory Authority of India (TRAI) during its consultation on the 'Framework for Service Authorisations for the Provision of Broadcasting Services under the Telecommunications Act, 2023'. Airtel has called for the complete removal of the licence fee, arguing for parity between DTH and other TV distribution platforms, which are exempt from such charges.

Department of Telecom (DoT) has sought views on norms for allocating satellite spectrum from sector regulator Trai, Parliament was informed on Wednesday. The government has decided to allocate spectrum for satellite communication services through an administrative mechanism while telecom operators are required to purchase the radiowaves through auction. Minister of State for Communications, Pemmasani Chandra Sekhar in a written reply to the Lok Sabha said that spectrum assigned administratively are also chargeable and hence contribute to revenue.

Indian Beverage Association (IBA), which counts Coca-Cola, Dabur, PepsiCo, Reliance Consumer Products and RedBull as members, said it is “concerned” over a likely further increase in the goods and services tax (GST) rate on aerated drinks. “We have zero-sugar products taxed at 40% today. We have made representations at all levels to the government, including to the GST Council, but taxation remains a bottleneck at all levels,” C.K. Jaipuria, chairperson of the IBA, said at a National Beverage Conclave on Wednesday. According to media reports earlier this week, a group of ministers (GoM) has recommended increasing GST rates on carbonated beverages, cigarettes and tobacco to 35%. As of now, all carbonated drinks are taxed at 28% and an added compensation cess of 12%, which takes the overall tax on the category to 40%.

8th Pay Commission as it will help revise their basic pay, allowances, pension, and other benefits. Pankaj Chaudhary, Minister of State in the Ministry of Finance, said in response to a Rajya Sabha question that no proposal for the establishment of the 8th Central Pay Commission is presently being considered. Legislators Javed Ali Khan and Ramji Lal Suman asked whether the Centre was thinking of making an announcement about the new pay commission in the Union Budget 2025–26, which is likely to be presented on February 1, 2025. The Seventh Pay Commission revamped salary structures, allowances, and pensions, prioritising pay parity. This overhaul positively impacted both central government employees and retired pensioners

Varun Beverages Ltd. traded 0.9 per cent at Rs 615.40 at 12:34PM (IST) on Wednesday, even as BSE benchmark Sensex 160.18 points to 81005.93. The scrip had settled at Rs 621.00 in the previous session. The stock quoted a 52-week high price of Rs 682.84 and 52-week low of Rs 422.16, respectively. As per BSE data, total traded volume on the counter till 12:34PM (IST) stood at 64560 shares with a turnover of Rs 4.00 crore.

mutual funds have offered negative returns in 2024. Further analysis of these equity schemes showed that those who lost the most were from the international category. HSBC Brazil Fund lost the most of around 23.78% in 2024, followed by Mahindra Manulife Asia Pacific REITs FOF which lost 7.28% in the mentioned period.

Indian market is likely to consolidate on Wednesday tracking mixed global cues. The Nifty future closed positive with gains of 0.43% at 24,534 levels on Tuesday. India VIX fell more than 2% to close at 14.37 in the previous session.

Girija Shankar Ray, Vice President Equity Research, Yes Securities, says among top picks within the cement sector, ACC can be recommended. The second one is Shree Cement. These two companies are going to do well, even though there is trouble in the industry right now. A lot of cost initiative programmes are going to happen. But for UltraTech and Ambuja, valuations are higher and for Ambuja, whatever acquisitions they have done, it is going to ultimately benefit ACC. So, ACC is his top pick. Ambuja will have a sell rating, as will UltraTech because it has very high valuations. One can add Birla Corp, Dalmia in their portfolio. There are reports doing rounds that there has been a price hike of almost Rs 10 to Rs 30 taken in December so far. What are your channel checks suggesting? Is that something that you are picking up as well? Girija Shankar Ray: So, yes, in November, a price hike was what the Street and the dealers and distributors were expecting for cement, but there was no price hike. In fact, in October and November, on a month-on-month basis, the prices are flattish. The prices are five years below the line right now. And the major impact was in southern regions. In the north and eastern regions, prices are more or less stable. In the other three regions, the prices have actually declined. There was a sharp correction. I believe the prices have bottomed out.

Subscribe to enjoy similar stories. Indian stock market’s benchmark index Nifty50 extended its gaining momentum for three consecutive sessions. The index gained around 181 points or 0.75% and formed a bullish candle with a higher-high and higher-low price structure.

President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., and he’s pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker

CBIC) has said that media reports regarding the Group of Ministers (GoM) recommendations on GST rate changes regarding various goods and services are premature and speculative. In a social media post, the CBIC said a Group of Ministers was constituted to look into the GST rate rationalisation apart from certain other issues referred by the GST Council. The GoM comprises of ministers from the States of Bihar, Uttar Pradesh, Rajasthan, West Bengal, Karnataka and Kerala with the Deputy Chief Minister of Bihar as the Convenor.

Nifty 50 index has risen over 1% in the last two trading sessions, with brokerage firm Axis Securities projecting the index to hit 26,100 by December 2025, marking an 8% upside from the current levels. The brokerage said it continues to believe in India’s long-term growth story, “driven by the country’s favourable structure, thanks to the increasing capex which is enabling banks to improve credit growth. This will ensure that Indian equities will easily manage to deliver double-digit returns in the next 2-3 years, supported by double-digit earnings growth.”

initial public offer (IPO) of Suraksha Diagnostic received muted response for the first two days with just 37% subscription. The issue will close for bidding today. One of the main reasons for this subdued show is due to the IPO structure, which is completely an offer-for-sale (OFS) of 1.92 crore shares. This means that the company will not receive any proceeds from the offering and the entire funds will go to the selling shareholders.

The Nifty Realty Index is up 8% in FY25 YTD, outperforming the broader market indices by 4%. “This momentum is likely to sustain, due to mega ongoing and upcoming project launches (>INR 1.2 tn) across key markets and segments by industry leaders that are positioned to garner stellar demand, as per our checks,” Elara Capital said in a report.

Solar Industries India jumped as much as 9.5% on Tuesday to Rs 11,549 on BSE after the company, along with its subsidiary, secured export orders worth Rs 2,039 crore for supplying advanced defence products to international clients. The deliveries will be executed over the next four years, the company announced in an exchange filing. «We are pleased to share that our company, Solar Industries India Limited and its subsidiary have received export orders worth Rs 2039 Crores for Supply of Defence Products, to be delivered over a period of 4 years,» Solar Industries India said in an exchange filing.

The Nifty futures closed positive with gains of 0.51%, reaching 24,429 levels on Monday. India VIX rose nearly 2% to close at 14.70 in the previous trading session.