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Wipro have bounced back strongly, gaining 12% to ₹422 apiece from the November low of ₹377. This resurgence has positioned the stock in close proximity to its 52-week high of ₹443.75 apiece.

Coal India on Tuesday reported a 7.6% year-on-year increase in its capital expenditure (capex) for the April-November period to ₹10,492 crore, reflecting its intensified efforts to bridge the investment gap. The company has deployed a significant portion of FY24's targeted capex of ₹16,500 crore for transport infrastructure projects, totalling ₹6,441 crore. “We are striving to achieve around 80% of the current financial year’s total targeted capex of ₹16,500 crores by the third quarter ending December," said a company statement quoting a senior executive.

Students Federation of India (SFI) activists for allegedly hitting Kerala Governor Arif Mohammed Khan's car. Shashi Tharoor took to microblogging site X, to dub the Kerala police under CM Pinarayi Vijayan's governance as "agents of lawlessness" and claimed that they have been complicit in the ruling party's "worst excesses". Shashi Tharoor said, "Disgraceful behaviour by SFI goons in blocking @KeralaGovernor Shri ArifMohdKhan Sahib's car yesterday and assaulting his vehicle.

Praj Industries, Dhampur Sugar and Dwarikesh Sugar have been seen massive decline between 15-20% in the past week, following government’s instruction to sugar mills not to utilize sugarcane juice and syrup for ethanol production in the upcoming 2023-24 season. The shares of Balrampur Chini were down 1.89% to ₹389.50 per share on Tuesday, December 12, meanwhile, Praj Industries closed at ₹545.95 apiece, Dhampur Sugar shares were trading 0.53% lower and Dwarikesh Sugar shares ended at ₹86.50 per share.

Also Read: US Federal Reserve December Meet: See date, timing, and schedule details here An upbeat US jobs report last week dampened expectations the Federal Reserve could cut interest rates as soon as March. The US consumer Price Index (CPI) report. Economists polled by Reuters expect US headline inflation to be flat for November and core inflation to be steady at an annual pace of 4 per cent - well above the Fed's 2 per cent target.

Prime Minister Justin Trudeau’s government must refocus spending on boosting investment instead of consumption to address Canada’s sluggish productivity growth, argues a new report co-written by former Bank of Canada governor David Dodge.

Dixon Technologies (India) Ltd has big plans. Over the next six years, the electronics manufacturing services (EMS) company intends to achieve cumulative revenue of Rs48,000 crore from the government’s IT hardware production-linked incentive (PLI) scheme. In this backdrop, Dixon’s latest announcement should help.

From Washington to Frankfurt to London and beyond, central bankers are approaching their final decisions of the year against a backdrop of unease at how the global inflation cycle is turning.

By Nadine Awadalla and Terje Solsvik

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Investing.com -- Investors await the publication of the U.S. inflation report for November, which will likely factor into how Federal Reserve officials approach a major forthcoming interest rate decision. Elsewhere, «Fortnite»-maker Epic Games wins a closely-watched antitrust lawsuit brought against Google over the tech giant's Play app store.

RBC Capital Markets strategists suggest that the mega-cap growth trade is currently overvalued, crowded, and could benefit from a pause.

Carson Group chief market strategist Ryan Detrick discusses whether the stock market will see good returns in an election year on 'Making Money.'

One 97 Communications ) share price declined up to 6.25% during intraday trades on the BSE on Tuesday. Weak investor sentiments are reflected in more than 37% correction in stock prices from October highs.

NEW DELHI : JSW Group chairman Sajjan Jindal has always dreamt of making a car. Nevertheless, in August 2017, when the group announced its intention to enter the electric passenger vehicle market, it took everybody by surprise. The electric vehicle (EV) segment was at a very nascent stage at that time and none of the mass market carmakers had anything worthwhile to offer.

Arundhati Bhattacharya, Chairperson & CEO, Salesforce India, spoke to ET Now at the sidelines of Deloitte-Arohan event. Bhattacharya also says: Exponential growth cannot be brought about only by the government. It cannot be top-down. At the end of the day, it needs the participation of all stakeholders, the grassroots people, the consumers, the businesses that serve them and the government. On the empowering roleof IT IT enables you to make houses out of bricks because it provides you the ability to connect and therefore it is very empowering. It is very empowering because things that you could not possibly deliver in the brick and mortar physical way, can be delivered through IT and therefore we see the increasing use of it in every single walk of our lives. I personally believe that no enterprise, whether it be business, government or in the social sector, can be sustainable or scale up without a very strong IT backbone.

Also Read: Nuvama bullish on tier-2 IT stocks, LTIMindtree among its top picks; here's why The brokerage said the management’s strategy has resulted in 15–18% YoY growth in key accounts, a 30.2% c/c YoY increase in order intake (ttm basis), and US$100 million in large deal signings in 1HFY24, with the large deal pipeline remaining at a historical high. Cyient is transitioning to a customer-obsessive organisation, strengthening CXO connections, and positioning itself as a strategic partner for clients in their digital transformation journey through its DTAG (Digital & Technologies Advisory Group), Kotak highlighted.

₹1,446 crore. Adar Poonawalla is the CEO of Serum Institute of India (SII), which makes the Covishield vaccine. A CNBC report confirmed the deal wherein Adar Poonawalla will buy the most expensive house in London.

Apple and renowned for its Gorilla Glass technology, will invest ₹1,000 crore to set up a new manufacturing unit in Tamil Nadu, as per an Economic Times report citing sources. The company will collaborate with its Indian partner, Optiemus Infracom, for the new facility. While no specific timeline has been committed, sources said, adding that they estimate the construction phase to last approximately a year.

Mint poll of 23 economists, India’s retail inflation likely rose 5.8 per cent in November. A Reuters poll of 41 economists predicted India's November CPI rose 5.70 per cent in November. On the other hand, the estimates of global financial firm Barclays show India's CPI-based inflation might have risen above the RBI's tolerance limit of 6 per cent in November.

Persistent Systemsas its top pick of the week. This is on the back of accelerating demand for ER&D services, robust demand for product engineering services, and hopes that digital solutions will accelerate revenue growth. The brokerage has a ‘buy’ recommendation on the stock with a target price of ₹7,115, indicating an upside of 10 percent from its current market price of ₹6,526.