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ICICI Securities says that Nifty could reach 25,200 by December 2024, with strong support at the 22,200 level, keeping in mind the historical market trend in election years.“As envisaged in Feb-24 report, Nifty sailed through election based volatility and approached our target of 23400, Post election outcome, as anxiety settles down, while reigniting expectations on reforms agenda, budgetary allocations and earnings, markets have once again resumed upward trajectory," said the firm in a note.The brokerage firm further said that since 1999, in election years, the Nifty has typically gained a median of 21% from post-election outcome lows until the end of the year.Notably, these gains often come with intermediate corrections of 4-6%, presenting buying opportunities. Since June 2022, each 10% correction in the Nifty has been followed by a 20% rally over the subsequent six months.

Central banks should be preparing for the transformative impact artificial intelligence will have on the financial system and the economy, according to a new report issued by the Bank of International Settlements (BIS).

DALIAN, China — Cisco is «very optimistic» about its growing business with Chinese electric car companies as they expand overseas, the company's Greater China head told CNBC on Tuesday.

Nagendrum Borugadda, has clinched a substantial cash prize of AED 1 million (approximately Rs 2.25 crore) in Dubai. According to a report by Khaleej Times on Tuesday, Borugadda achieved this feat through years of diligent saving and prudent investments. Originally from Andhra Pradesh, Borugadda has been residing in the UAE since 2017. Since 2019, he has consistently saved AED 100 monthly through direct debit with National Bonds, a local financial institution known for its savings schemes. «I came to the UAE to build a better life for my family and provide good education to my children. This win feels surreal,» Borugadda shared with Khaleej Times, expressing his disbelief and gratitude.

HPCL, ONGC and Gujarat State Petronet (GSPL) are the only stocks with value in the Indian oil and gas sector, domestic brokerage firm Motilal Oswal stated in its report, noting that value trade has faded away in the sector. Motilal Oswal maintained a ‘buy’ call on HPCL, ONGC and GSPL with target prices of Rs 400, Rs 340 and Rs 385 respectively.

In its first major report into the rapidly advancing world of AI, the central banking umbrella group said policymakers need to harness its immense power to monitor data in real time in order to «sharpen» their inflation-predicting abilities.

Forensic and other experts are combing through the charred ruins of a factory building near South Korea’s capital to find the cause of a fire that killed 23 people, mostly Chinese migrant workers

logistics company Ecom Express is looking to raise Rs 1,424 crore (about $170 million) through a rights issue that is likely to be led by its existing investors Warburg Pincus, British International Investment (BII), and Switzerland-based Partners Group. The company’s shareholders have passed a resolution for the rights issue totalling 1.57 million compulsorily convertible preference shares at Rs 9,071 apiece – the same price at which Ecom Express did a rights issue in July last year, showed regulatory filings with the Registrar of Companies (RoC).

helicopter service from Jammu to the Mata Vaisho Devi temple began on Tuesday, facilitating pilgrims who wish to perform 'darshan' at the revered shrine within a day due to time constraints, officials said. This is in addition to the helicopter service which is already available between Katra, the base camp for the pilgrims visiting the famous shrine atop Trikuta hills in Reasi district, and Sanjhi Chhat near the temple with a one-way fare of Rs 2,100 per person. Pilgrims opting for the service from Jammu can choose between two packages — Rs 35,000 per passenger for same day return and Rs 60,000 per person for next day return. Marking the commencement of the new service, the first helicopter carrying pilgrims left Jammu airport at around 11 am and landed on Panchi helipad along the new trek to the shrine, the officials said.

Citi Country Officer for India and Head of Banking for Indian Sub-Continent. Shah has been entrusted with the responsibility of providing strategic financial support to Khullar.Ashu Khullar said Shah’s appointment as the CFO, which comes with his experience in operations, would boost Citi Bank’s financial leadership. “Jeegar's deep knowledge of our operations in India and proven track record in financial management make him exceptionally qualified for this critical role," said Ashu Khullar.

Also Read: Holding company shares jump after Sebi's special auction planSebi had issued a discussion paper earlier this month which said that the stock derivatives should have sufficient liquidity and trading interest from market participants.Derivatives trading has been gaining momentum among retail traders and the notional value of options traded in India more than doubled in FY24 to $907.09 trillion from the year before.Meanwhile, the number of influencers giving financial advice on social media platforms has also increased drastically due to the increased retail investors’ participation in equity markets.Also Read: Quant Mutual Fund: What investors should do after Sebi's action to probe front-running?Sebi has proposed that brokers and mutual funds stop associating with unregistered influencers in order to ensure these influencers do not mislead investors.The regulator has formed a group of exchanges, brokers and mutual funds this week “to suggest any additional changes needed to remove risk of manipulation and ensure retail investors are protected against risks in options contracts," the Reuters report added quoting one of the sources.Moreover, Sebi board is also expected to consider changes and simplify the delisting rules for companies from stock exchanges, the report said.

Also Read: Quant Mutual Fund: How many days will it take to to liquidate its portfolio?Additionally, the push for affordable housing has led to increased construction activities, further boosting the demand for construction equipment and machinery. Rural electrification initiatives have also contributed to the sector's growth.

U.S. Ambassador Ken Salazar praised Mexico’s effort protect U.S. agricultural inspectors in the conflict-ridden state of Michoacan on Monday, a week after the U.S. suspended avocado and mango inspections following an attack on inspectors

Eastern Ohio residents will learn more Tuesday about the fiery Norfolk Southern train wreck that derailed their lives when the National Transportation Safety Board holds another hearing in their hometown about the disaster last year

Tata Power Company Ltd. traded 1.15 per cent down in Tuesday's trade at 11:41AM (IST). Around 424,523 shares changed hands on the counter. The stock opened at Rs 435.7 and touched an intraday high and low of Rs 437.9 and Rs 430.45, respectively, in the session so far. Shares of the company of Tata Power Company Ltd. quoted a 52-week high of Rs 464.3 and a 52-week low of Rs 216.35.

Crompton Greaves Consumer Electricals Ltd. fell 0.24 per cent to Rs 430.0 in Tuesday's trade as of 12:01PM (IST) even as the benchmark Nifty ruled at 23590.75, up 52.91 points. The scrip had closed at Rs 431.05 in the previous session. The stock quoted a 52-week low of Rs 262.1 and a high of Rs 436.6. The company quoted a market-cap of Rs 27846.53 crore on the BSE.

Economic Times reported how this oversight also led to additional interest and penalties due to the supposed non-payment.Dr. Bhalla’s creditworthiness was severely affected by the incident, hampering his access to credit. He pursued legal recourse and successfully resolved the case.

JSW Steel, the steelmaking arm of the $24-billion JSW Group, on Tuesday announced plans to upgrade the manufacturing facility of its US-based subsidiary's Baytown, Texas, facility with an investment of $110 million. The company's US-based subsidiary, JSW Steel USA plans to produce high-quality monopile steel plates that are meant to be used in the planned expansion of offshore wind energy generation, which has a target of deploying 30 gigawatts (GW) by 2030.

Pidilite Industries Ltd. traded 1.01 per cent up in Tuesday's trade at 11:11AM (IST). Around 59,487 shares changed hands on the counter. The scrip opened at Rs 3105.0 and touched an intraday high and low of Rs 3140.45 and Rs 3105.0, respectively, in the session so far. Shares of the company of Pidilite Industries Ltd. quoted a 52-week high of Rs 3232.3 and a 52-week low of Rs 2293.1.

Amara Raja Energy surged 20% to its new all-time high of Rs 1,655.20 after the company announced a strategic technological collaboration with Gotion High-Tech’s subsidiary, GIB EnergyX Slovakia, for the licensing of its LFP technology for lithium-ion cells. This agreement will enable Amara Raja to manufacture world class LFP cells in both cylindrical and prismatic form factors, according to the company’s filing to the stock exchanges.

Happiest Minds Technologies fell 9.5% to the day’s low of Rs 830.20 on BSE after the company’s promoter Ashok Soota reportedly sold off 6% stake and approximately 91.3 lakh shares in the company through a block deal. The official buyers and sellers of the transaction are not yet known.