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Tyson Foods said Friday that one person is dead and several others are injured after an overnight fire at its plant in Camilla, Georgia

Many people, especially those with debt, will be discouraged by the recent Federal Reserve forecast of a slower pace of interest rate cuts than previously forecast.

Congress Working Committee (CWC) met here on Friday and paid glowing tributes to former prime minister Manmohan Singh, saying he was a towering figure in India's political and economic landscape whose contributions transformed the country and earned him respect worldwide.

«We do expect some bullish factors still to play out like Ramzan, but we are expecting big Latin American soybean oil crops so that will moderate the bullishness,» says Nadir B Godrej, CMD, Godrej Industries. Let us discuss what has happened in October to November and that is the surge in the palm oil prices. They had surged a bit, but then there has been a bit of a volatility. They have corrected a bit of late as well. What is the sense on the prices going forward? Are they expected to be as volatile or what are the levels that you are watching out for? Nadir B Godrej: This has been a very unusual situation because palm oil has had a huge premium over soybean oil, which we have not seen in the past. It was always a discounted oil, but it is in high demand nowadays for both biodiesel as well as for speciality fats and that is keeping palm oil at a premium to the other oils. It was even at a premium to rapeseed oil and sunflower oil for a while and a big premium to soybean oil.

«Size of the opportunity is very good. In retail, and this be true for any form of retail, you got to get your unit economics right. And if you get your unit economics right, that is to say per unit order or per unit quick commerce transaction, more than cost of capital, then the sky is the limit for you and I think Zomato has the first mover advantage, they have got the unit economics right, they have broken even, they are making contribution margin which are positive and now it is only about expansion into tier I, getting economies of scale,» says Manish Sonthalia, Emkay Investment Managers. And while we are talking about the entire consumer space, one name that I am seeing in a portfolio of yours as a top holding is Zomato. Not really surprised to see Zomato, but also not expecting to not see Swiggy make it to this list. What is making Zomato much more attractive than Swiggy because Swiggy has also been innovating if not at a higher pace, then largely at the same pace that which Zomato has. They have also had a couple of recent rollouts. The stock seems to be doing well over the last one month and ever since it is listing we have very bullish brokerage notes coming in for Swiggy as well. What is making Zomato more attractive than Swiggy to hold in your portfolio right now? Manish Sonthalia: So, not specifically commenting on Swiggy because regulation prohibit us from commenting about stocks that are not a part of our portfolio, but I would look at the entire space like this, that the TAM, the size of the opportunity is humongous.

Subscribe to enjoy similar stories. Go hard, boys, go hard!" P.R. Sreejesh’s booming voice cut right through the heavy beats of the Punjabi hip-hop song blaring through the speakers of the spacious, well-equipped gym at Kalinga Stadium in Bhubaneswar, Odisha.  Then Sreejesh strode to a bar loaded with 80 kilos worth of plates to rep some fierce deadlifts with perfect form, earning a roar of approval from the 20-odd players of the Indian hockey team at the gym.

Wikipedia which he derogatorily referred to as ‘Wokepedia’ due to its significant budget allocation for diversity, equity and inclusion (DEI) initiatives, reported New York Post.

U.S. president-elect Donald Trump says he told Canadian hockey legend Wayne Gretzky during a Christmas Day visit that he should run for prime minister of Canada.

Dr. Manmohan Singh passed away on Thursday at the age of 92. Singh breathed his last at AIIMS Delhi, where he had been admitted earlier that evening.

Subscribe to enjoy similar stories. India is home to over 300 million self-employed individuals, accounting for nearly 50% of the workforce. This diverse group includes gig workers, small business owners, freelancers, and independent professionals like doctors, lawyers, and architects, among others.

Aditi Nayar, Chief Economist, ICRA, says she expects that the rupee will remain in the 85-86 range until the Budget is presented and that will take care of the Trump presidency transition as well. Once the Budget is presented, and there is some clarity on the US tariff policy front – although possibly we are in for a year where there could be a lot more volatility and a lot more changes as compared to what we have seen in the past coming in from the US – ICRA will take a relook. The slide of the rupee has accentuated in the last couple of weeks and I am not sure if it is just a coincidence or is it just the timing with the new RBI governor coming on board? Has anything changed in the RBI policy in terms of management of the rupee and the forex reserves? Aditi Nayar: It is really a global phenomenon right now. EMs are all getting hit. The dollar is quite strong and the way the DXY is moving, it is no surprise that we are going to get some weakness coming in with the rupee. Having said that, the Indian rupee has still been one of the strongest performing EM currencies in the recent period.

Supreme Court busy in 2024.The year also marked a shift in leadership for India's highest court.

Jinjiang Group, a contractor for Chinese electric vehicle maker BYD, said on Thursday Brazilian authorities' portrayal of their employees as «enslaved» was inconsistent with the facts and that there were translation misunderstandings.

Subscribe to enjoy similar stories. Mining and steel companies are caught between a rock and a hard place. A lingering concern is that the Karnataka (Mineral Rights and Mineral Bearing Land) Tax Bill 2024—which proposes to impose tax on a retrospective basis from 2005 and rates up to 3x the existing royalty rate—could significantly erode their profitability.

«So, the pressure for the day will at least remain. But I do not think the trend is likely to change going forward even though we have seen some bounce back in global markets,» says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts. It is turning out to be a bit of a wobbly day. Even though volatility is spiking, overall action in the market in terms of the ferocity is missing. What do you make of the next couple of days? How is it likely to end the year for Nifty? Rohit Srivastava: So, it looks like a pretty much weak month and because we actually have expiry pretty early, last couple of years it was happening around the 30th or 31st. This time it is right around Christmas.

Apple investors could see their investments surge even further Christmas as the US stock market trends during Christmas eve has shown an upward surge for the company, right from the opening bell. According to The Street, Apple touched a record high of $255.65 on December 23, and if this trend goes on, Apple shares could touch a major peak as New Year approaches. When the closing bell rang on December 23 at Wall Street, Apple maintained its peak, closing in at $255.27.

The US Federal Reserve's decision to cut interest rates by 25 basis points (bps) in its December 2024 policy meeting has raised questions about how this move might influence India’s monetary policy and asset classes. This is the third consecutive rate cut by the Fed in 2024, bringing the benchmark interest rate to the range of 4.25%-4.50%. However, the Fed has signalled a slower pace of easing in 2025, envisioning only two rate cuts as inflation remains “somewhat elevated".

North Carolina Gov. Roy Cooper leaves his job next week after eight years

Hong Kong dollars for information leading to their arrests.According to the warrants, the six are wanted for national security offences such as secession, subversion and collusion with foreign forces. They include Tony Chung, the former leader of now-defunct pro-independence group Studentlocalism.U.K.-based Carmen Lau, a former district councilor and current activist with the Hong Kong Democracy Council, as well as Chloe Cheung, an activist with the Committee for Freedom in Hong Kong, also had warrants issued against them.The latest round of warrants signals that the Hong Kong government is targeting vocal critics based abroad.The government had previously issued two rounds of arrest warrants and bounties for more prominent activists, including ex-lawmakers Ted Hui and Nathan Law.The increasing number of wanted individuals abroad come as Hong Kong continues to crack down on political dissent following massive anti-government protests in 2019 that resulted in a wave of pro-democracy movements.

Subscribe to enjoy similar stories. Cash might be a trash asset to some risk-loving traders. But it’s a pretty good thing to have sloshing around the economy.