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Mizoram chief minister Lalduhoma said that Mizoram is keen to offer eco-friendly and sustainable tourism that respects the fragile ecology of the State and its meagre population but not interested in mass tourism. Merchants' Chamber of Commerce & Industry (MCCI) organised a Felicitation & Interactive Session of the new Mizoram chief minister in Kolkata. He said, “Mizoram is keen to offer eco-friendly and sustainable tourism that respects the fragile ecology of the State and its meagre population but is not interested in mass tourism”. He said that Mizoram is the second largest producer of bamboo in Northeastern India and second largest producer of strawberries in India. It is a gold mine for researchers seeking out medicinal and aromatic plants.

By Samuel Indyk

cryptocurrency exchanges are recording higher trading volumes, deposits, and user registrations following Financial Intelligence Unit's (FIU’s) decision on December 28, 2022, to issue compliance show-cause notices to nine global crypto exchanges along with a request to the IT ministry to block their URLs for not adhering to Indian regulatory norms. Leading Indian crypto exchange Coin DCX has recorded a sharp increase in deposits post-FIU's action. “CoinDCX witnesses a phenomenal 2000% surge in crypto deposits as investors prioritise compliance and security. The fact that CoinDCX is the first FIU-registered entity and ISO-certified is working for us. We have enabled crypto deposits, and the process of transferring virtual digital assets (VDAs) from other platforms to CoinDCX is straightforward and hassle-free,” said Sumit Gupta, co-founder & CEO of CoinDCX, which has over 1.4 crore users on its platform currently. “Even our signups have gone up by 2X.” Another prominent crypto exchange, CoinSwitch, witnessed a jump in trading volumes. It also reinstated crypto deposits on Thursday, a service which it had suspended last year.

YouTuber Logan Paul is offering refunds for the never-released CryptoZoo NFT game – if he deems the NFTs eligible “in his sole discretion.” Also, former owners relinquish all right to sue.

Research firm BTIG downgraded three shipping stocks today, namely Eagle Bulk (EGLE), Genco Shipping & Trading (NYSE:GNK), and Golden Ocean (GOGL) from Buy to Neutral, citing expectations of a challenging year for drybulk stocks in 2024.

Investing.com -- Shipping giant Maersk (CSE:MAERSKb) has said it would divert its vessels away from the Red Sea region for the «foreseeable future» in response to «significantly elevated» security risks posed by recent attacks by Yemen's Iran-backed Houthis.

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Carrefour will stop selling PepsiCo products in it stores in France, Belgium, Spain and Italy over price increases for popular items like Lay's potato chips, Quaker Oats, Lipton tea and its namesake soda. The French grocery chain said it pulled PepsiCo products from shelves in France on Thursday and added small signs in stores that say, «We no longer sell this brand due to unacceptable price increases.» The ban also will extend to Belgium, Spain and Italy, but Carrefour, which has 12,225 stores in more than 30 countries, didn't say when it would take effect in those three countries.

Investing.com -- Stock futures in New York tick lower as investors gear up for the release of the closely-watched U.S. jobs report for December. Economists are projecting that nonfarm payrolls were less than the prior month, although recent data has pointed to resilience in labor demand that could boost the Federal Reserve's bid to engineer a soft landing for the world's largest economy.

PayPal Holdings (NASDAQ:PYPL) stock experienced a drop in pre-market trading following a second analyst downgrade this week.

NEW DELHI : Marico’s consolidated revenue in the December quarter declined in low single digits on a year-on-year basis, although operating profit saw a low double-digit growth, the company said in a quarterly update. The maker of Parachute oil also said it expects a low single-digit jump in domestic volumes for the December quarter, driven by improved demand for its flagship products, mainly in the cities.

Global Health (Medanta) saw gains of more than 3% in the intraday trades as it scaled 52 highs on Friday. The stock price has more than doubled in last one year The hospital stocks are seeing positive outlook led by pick up in occupancy, rising indoor patient turnover, higher number of surgeries and expansions.

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Shares of Swan Energy Ltd.(up 6.83 per cent), Phoenix Mills Ltd.(up 5.25 per cent), Brigade Enterprises Ltd.(up 2.04 per cent), Godrej Properties Ltd.(up 1.27 per cent) and Mahindra Lifespace Developers Ltd.(up 0.68 per cent) ended the day as top gainers in the pack. On the other hand, Sobha Ltd.(down 2.01 per cent), Prestige Estates Projects Ltd.(down 1.89 per cent), DLF Ltd.(down 1.1 per cent), Oberoi Realty Ltd.(down 0.95 per cent) and Macrotech Developers Ltd.(down 0.59 per cent) finished as the top losers of the day.

Marico in its quarterly update said that while urban markets were steady, rural offered little to cheer, exhibiting similar demand trends on a sequential basis. In a stock exchange filing, the company said that constraints on liquidity and profitability in general trade channel remained an overhang for the sector. Yet, the company remains optimistic of a gradual uptick in consumption trends of the course of 2024 owing to improving macroeconomic indicators, continued government spending and conducive consumer pricing across categories. Parachute oil registered low single digits in volume growth whereas Saffola Oils witnessed optically weak quarter.

India’s tech sector index, which includes Infosys Ltd. and Tata Consultancy Services Ltd., rallied 12% in the three months through December, powered by a global rally in the space after a dovish pivot by the Federal Reserve. India’s tech stocks trade at about a 30% premium to the broader market. Improved sentiment aside, IT earnings remain under pressure. “Although sentiment has improved, it has not yet been reflected in actions,” said Mukul Garg and Pritesh Thakkar, analysts at Motilal Oswal Financial Services. Analysts at Nomura expect the ongoing slowdown to weigh on discretionary tech spending into the 2025 financial year. Firms in the sector are focused on integrating generative AI into their operations and training employees to use the tool effectively. Earnings at Samsung Electronics Co., which is set to benefit from AI chip demand this year, found support from higher shipments of DRAM chips during the quarter. Highlights to look out for:

Shares of GlaxoSmithKline Pharmaceuticals Ltd.(up 2.84 per cent), Biocon Ltd.(up 2.71 per cent), Abbott India Ltd.(up 1.33 per cent), Natco Pharma Ltd.(up 1.28 per cent) and Gland Pharma Ltd.(up 0.73 per cent) ended the day as top gainers in the pack. On the other hand, Sun Pharmaceutical Industries Ltd.(down 0.97 per cent), Torrent Pharmaceuticals Ltd.(down 0.91 per cent), Granules India Ltd.(down 0.91 per cent), Laurus Labs Ltd.(down 0.75 per cent) and Cipla Ltd.(down 0.75 per cent) finished as the top losers of the day.

Apple (NASDAQ:AAPL) shares are facing their fifth consecutive session of declines, marking a challenging start to 2024.

In the dynamic world of cryptocurrencies, Bitcoin stands at a pivotal juncture, trading at $43,631 with a notable increase of 0.96% on Friday. This upswing is partly attributed to Marathon Digital’s record-breaking achievement in December, mining an impressive 1,853 Bitcoins.

Reliance Power have given exceptional returns in the last 3 years. The stock has surged from ₹3.3 in January 2021 to currently trade at its 52-week high of ₹33, soaring as much as 900 percent in these 3 years. The stock has also given multibagger returns in the last 1 year, jumping 114 percent.

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.