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In a recent surge of optimism among cryptocurrency traders, social media platforms have been flooded with calls to “buy the dip” following Bitcoin’s price slide. 

Key reasons for analysts maintaining positive outlook- These include reasonable valuations the stock now trades at. Furthermore, the expectations remain high for consumer-oriented businesses as that of telecom and retail that now contribute more than half to Reliance Industries consolidated operating profits. The Capex cycle is behind, and the profitability improvement may be driven further by any tariff hikes in Jio.

Also Read: Morgan Stanley downgrades outlook on US dollar to neutral amid falling Treasury yields after Fed’s dovish pivot Investors are looking for the US non-farm payrolls data due Friday to gauge how many times the US Fed is likely to cut rates this year. “The rupee has appreciated this week despite gains in the US dollar index overseas. The foreign capital inflows and RBI intervention have been supporting the local currency for quite long and hence, USDINR has been trading in a range." said Ajay Kedia, Director, Kedia Commodities.

"special strategic and global partner, and is ready to extend all possible assistance at this hour," sources said. In the letter, PM Modi conveyed to his Japanese counterpart that he is "deeply anguished and concerned" over the earthquake and expressed "deepest condolence" to the families of those killed in the quake, the sources said. "I am deeply anguished and concerned to learn about the major earthquake that struck Japan on January 1," Modi reportedly said.

Rahul Gandhi , AICC general secretary (Organisation) K C Venugopal in attendance. The Congress leader met members of the party’s five-member national alliance committee, and hinted at the willingness to contest from lesser number of seats than it did during the 2019 Lok Sabha Elections, Indian Express reported. According to the report, amid much anticipation about seat-sharing by opposition INDIA bloc parties, the Congress has asked members to begin seat-sharing talks with other parties immediately.

Investing.com — The U.S. dollar gained in early European trade Friday, on course for its strongest week since July ahead of the release of the widely-watched monthly official jobs report.

By Ben Blanchard and Sarah Wu

By Andrew Silver

Investing.com — European stock markets fell Friday, with investors cautious ahead of the release of key European inflation data and the widely-watched monthly U.S. jobs report. 

‘Take refund, we don't care…,’ Passengers furious over Go First's conduct after flight cancellation “Since October, LocalCircles has witnessed a notable rise in grievances from air travellers, encompassing issues such as exorbitant fares, flight cancellations, delays, denied boarding, mishandled or lost luggage, significant increases in onboard food prices, undisclosed changes in boarding gates, and instances of staff displaying rude behaviour at check-in counters," the survey report stated. Also Read: DGCA reports flight problems, baggage, and refunds as top passenger complaints Furthermore, the report stressed the Airports Authority of India (AAI) anticipation of a continued surge in passenger numbers that projected an overall passenger growth of 371 million in the fiscal year 2023-24 and a further increase to 412 million in the subsequent fiscal year, 2024-25.

Also Read: Markets Moving in Lockstep Threaten to Make for a Trying 2024 Earlier, Morgan Stanley forecasted that the Dollar Spot Index would strengthen about 8% from current levels in the second quarter. However, analysts turned bearish on the greenback in December after Fed’s dovish pivot with the Chair Jerome Powell signaling a shift to cutting rates this year.

₹700 crore in an initial public offering (IPO). Mobikwik is also aiming to raise ₹140 crore in a pre-IPO placement, which if successful will reduce the issue size appropriately. SBI Caps and DAM Capital are managing the issue.

Also Read: Q3 result preview: NBFCs likely to see healthy profit growth of 27% YoY amid moderating margins A delayed winter has shrunk demand for seasonal categories during the quarter, falling short of initial expectations across FMCG companies. In terms of categories, food and beverages is anticipated to outperform home and personal care, said Elara Securities.

₹19 lakh. Out of the four properties that have been placed for auction, one is the house where Dawood Ibrahim spent his childhood. All four parcels of agricultural land are located in Mumbake village in Maharashtra's Ratnagiri district.

Aam Admi Party has re-nominated senior leader Sanjay Singh as a Member of the Rajya Sabha as his present term is set to end on January 27, 2024, ANI reported. To facilitate this, an application has been sent to Delhi's Rouse Avenue Court seeking permission to acquire Singh's signature, while under custody, on an ‘undertaking’ required to get a ‘No Dues Certificate’ for his re-nomination, it added. The appeal also notes that Singh's terms as MP will end on January 27, 2024, and that the Returning Officer has already issued a notice dated January 2, to ensure processes are complete.

2024 edition of CES is scheduled to take place in Las Vegas, Nevada, spanning across venues such as the Las Vegas Convention Center, the Venetian Expo, and the Aria Resort & Casino. The official dates for CES 2024 are from Tuesday, January 9, to Friday, January 12. Additionally, two in-person Media Days, exclusively accessible to press members, are slated for January 7 and 8.

The Supreme Court on Wednesday issued an interim stay on the Delhi High Court’s order which declared that any Income Tax (IT) assessment order issued without Document Identification Number (DIN) has no legal standing.

Residential real estate sales in India were at their highest since the peak seen in 2013, witnessing a 33 percent YoY growth, with a total of 4.10 lakh units sold during calendar year 2023, according to the latest report by PropTiger.com.

Bajaj Holdings & Investment Ltd. slipped 1.03 per cent to Rs 8123.95 in Friday's trade as of 12:33PM (IST). The stock hit a high price of Rs 8270.0 and low of Rs 8102.05 during the session.

Havells India Ltd. rose 0.66 per cent to Rs 1408.7 in Friday's trade. It hit an intraday high of Rs 1415.65 and low of Rs 1398.25, respectively, during the day.

Ministry of Defence lost a decade-long legal battle on the deficient supply of kidney beans or rajma to the Kendriya Bhandar (KB), with the Army Purchase Organisation being directed by the arbitrator to return the cashed bank guarantee amount of Rs 44.5 lakh to KB with 7.5 per cent interest since 2012, a TOI report stated. The Supreme Court, led by Chief Justice of India DY Chandrachud, informed the Attorney General R Venkataramani, who represented the Ministry of Defence, that there were no grounds to challenge the findings of the trial court and the Delhi High Court, which had upheld the arbitral award. In May 2011, the Army Purchase Organisation (APO) had invited tenders for the supply of 1,200 tonnes of rajma for defence services, estimated at a cost of Rs 4.44 crore. KB was awarded the contract and provided a bank guarantee of Rs 44.5 lakh as a security deposit. A dispute arose over the quality of rajma supplied by KB.