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27.12 / 06:46
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Dense fog set to hit north India over next few days; red, orange alerts issued for some areas
fog conditions till December 31, the Indian Meteorological Department said on December 27. According to the department's forecasts, some parts of Haryana, Chandigarh, Delhi and Uttar Pradesh will be enveloped in thick fog between 27th and 29th December, while some pockets of north Rajasthan and north Madhya Pradesh will see such conditions on 27 December. Fog is classified as dense when visibility is between 50 metres and 200 metres. The dense fog alert was also issued for isolated pockets of Odisha and Uttarakhand on 27th and 28th December. Other areas include Haryana, Chandigarh, Delhi and Uttar Pradesh (30th & 31st December); Assam, Meghalaya and Nagaland, Manipur, Mizoram and Tripura (27th-31st December). For Jammu and Kashmir, forecast is for dry weather along with moderate to dense fog (Central Kashmir, Pulwama and Baramulla till December 31).
27.12 / 06:43
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Share price of Chola Inv Finance jumps as Sensex gains 475.2 points
Cholamandalam Investment & Finance Company Ltd. gained 0.8 per cent to Rs 1254.95 at 11:57AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 1264.0 and low of Rs 1247.35 so far during the session.
27.12 / 06:43
Provident
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Deloitte
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The topsy-turvy 2023 for Gautam Adani: Hindenburg hit to mighty fightback
Gautam Adani and his conglomerate by storm. Since the turn of the year, Adani’s company was accused of corporate misdoings, the Opposition said the Centre favoured him over others, the Supreme Court got involved, and his investors lost money. Yet, as we approach the end of 2023, he has yet to be charged for any of the allegations.
27.12 / 06:40
Blockchain
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FASB Finalizes New Accounting Standards for Crypto Assets
The Financial Accounting Standards Board (FASB) has taken a significant step in addressing the complexities of accounting for crypto assets. On December 13, 2023, FASB issued an Accounting Standards Update (ASU) No. 2023-08, aimed at improving the accounting and disclosure of certain crypto assets. This update is a response to the evolving nature of digital assets and the need for more relevant financial reporting in this area.
27.12 / 06:25
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Canada ready to pay two Michaels settlement for China prison time: report
Canada’s government is willing to sign off on multimillion-dollar settlement packages for Canadians Michael Spavor and Michael Kovrig to compensate them for the near three years they were incarcerated in Chinese prisons, the Globe and Mail reported on Tuesday, citing government sources.
27.12 / 06:15
Provident
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Toyota Motor's global production gallops with 11% increase in November
Toyota Motor's global production jumped 11 per cent in November to a record level, bouncing back from last year's supply chain disruptions and benefiting from robust demand both in Japan and overseas. Output for November climbed to 926,573 vehicles, while worldwide sales increased 14 per cent from a year earlier when shortages of semiconductors plagued automakers globally. Both figures include Toyota's Lexus luxury brand.
27.12 / 06:12
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Kansai Nerolac Paints share price jumps over 9% to hit 52-week high on plans to monetise land parcels for ₹726 crore
₹355.00 apiece on the BSE. In a regulatory filing, Kansai Nerolac Paints said that its board of directors has approved a proposal for monetization of idle land parcels of the company not being put for productive use.
27.12 / 06:09
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Tencent, NetEase stocks rebound after Chinese regulator softens crackdown on online gaming
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.
27.12 / 06:08
Provident
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Financial
5 key tips to boost your credit score for a stronger financial future
credit scores and therefore it is essential to periodically monitor your credit scores. An individual’s credit score, which ranges from 300-900, represents your creditworthiness and assists lenders with risk assessment. A higher score typically indicates better financial discipline and lower risk, leading to easier loan approval and favourable interest rates.
27.12 / 05:57
JPMorgan
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AI boom fails to propel China's cloud market growth
BEIJING — Excitement over artificial intelligence isn't yet fueling a boom in cloud services spending in mainland China.
27.12 / 04:53
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Leak
Tamil Nadu ammonia gas leak: Ennore panics after leaking sub-sea pipe emits strong odour; five people hospitalised
ammonia gas leak incident shook Ennore, Tamil Nadu on December 26 night when residents felt a strong smell from a rupture in a sub-sea pipe of Coromandel International Limited. Five people reported feeling uneasy, and were admitted in a health facility. The rupture reportedly occurred during the pre-cooling operation of the pipeline. The leak was later plugged. The Tamil Nadu Environment and Forest Department subsequently issued a statement: «Ammonia gas leak detected in a sub-sea pipe in Ennore.
27.12 / 04:52
Experts
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Stock market update: Nifty Auto index advances 0.66% in an upbeat market
Sona BLW Precision Forgings Ltd.(up 4.55 per cent), Bajaj Auto Ltd.(up 1.75 per cent), Tata Motors Ltd.(up 1.65 per cent), Tube Investments of India Ltd.(up 1.37 per cent) and TVS Motor Company Ltd.(up 1.09 per cent) were among the top gainers. Hero MotoCorp Ltd.(down 0.55 per cent) and Maruti Suzuki India Ltd.(down 0.22 per cent) were the top losers on the index.
27.12 / 04:51
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Info Edge shares up 1.25% as Sensex rises
Info Edge (India) Ltd. gained 1.25 per cent to Rs 5144.0 in Wednesday's session as of 10:10AM (IST) even as the equity benchmark Sensex traded 394.52 points higher at 71731.32. Earlier in the day, the stock witnessed a gap up start to the session.
27.12 / 04:51
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RBZ Jewellers shares unchanged on debut, list at par with IPO price
RBZ Jewellers listed unchanged on the exchanges on Wednesday. The stock debuted at Rs 100 on the bourses as against the IPO price of Rs 100. Ahead of the listing, the company's shares traded flat in the grey market. The public offer of RBZ Jewellers was subscribed 16.72 times at close.
27.12 / 04:49
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PayTm and Nike employee job cuts underline the value of having an emergency fund
workforce reductions at Paytm mark a significant development in the Indian fintech sector. Allegedly, the company has downsized its staff by over 1,000 individuals, affecting approximately 10 per cent of its workforce spanning departments such as operations, marketing, and lending. The primary rationale behind these layoffs is attributed to cost-cutting initiatives.
27.12 / 04:49
Airlines
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Delhi fog update: 110 flights delayed, several trains affected due to low visibility. Details here
Also Read: Weather update: IMD issues very dense fog alert in Delhi, Punjab, THESE states till 31 December. Check forecast Following this, trains arriving and departing from New Delhi are delayed due to fog and low visibility. As per News18 report, over 25 trains including arrival and departure are running late.
27.12 / 04:48
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Wipro sues former CFO Jatin Dalal; what we know so far
Wipro has initiated legal proceedings against its former CFO, Jatin Dalal, in a civil court in Bengaluru. In response, Dalal has filed an application requesting the court to refer the matter to arbitration. While the specific grounds for the lawsuit remain unclear, arguments from both parties have been presented, and the next hearing is scheduled for January 3, according to a report by Times of India.
27.12 / 04:48
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Covid update: Amid surge in cases, Karnataka mandates home isolation for covid positive patients
media reports. Currently, the state has 34 cases of JN.1 variant. While speaking to news agency ANI, Karnataka Health Minister Dinesh Gundu Rao has that the government is well prepared and nothing is "alarming." "430 cases are active out of which 400 are in home isolation and the remaining are in hospital.
27.12 / 04:47
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Updates
Blast near Israel embassy in Delhi: Cops find 2 suspects, letter to envoy; travel advisory issued | Top 10 updates
ANI. They added two persons roaming near the Israel embassy on Tuesday evening have emerged as suspects in the alleged blast incident. “We are trying to ascertain their identity and what were they doing in the area at the time of the call.
27.12 / 04:18
NetEase
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Shares of Tencent, NetEase rebound after Chinese regulators vow to improve draft rules
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.
27.12 / 04:17
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Year-ender 2023: LIC rakes in Rs 2.3 lakh crore profit amid D-St's bull run! Here are the big movers
Life Insurance Corporation of India rake in a massive profit of Rs 2.28 lakh crore in its portfolio. LIC, which is invested in about 260 listed companies in India, saw the market value of its overall holdings surge to Rs 11.89 lakh crore from Rs 9.61 lakh crore in December last year, data by Ace Equity showed. The market value has been calculated based on the shareholding of LIC as of September end and the current market price of the stocks. The Nifty 50 has given 18% returns on a year-to-date basis. But from its 52-week low touched in March this year, the index has rallied more than 28% to scale a lifetime high of 21593 points in this month. LIC’s Nifty 50 portfolio alone has given the domestic institutional investor handsome returns this year.
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