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Enron, the Houston-based energy company that exemplified the worst in corporate fraud and greed in America after it went bankrupt in 2001, is coming back

TikTok took down several networks allegedly trying to meddle in Romania’s elections, executives said Tuesday as they defended the company’s election integrity measures to European Union lawmakers

Asian markets are mostly lower after overnight political drama in South Korea added to regional uncertainties

China has announced a ban on exports to the United States of gallium, germanium and other key high-tech materials with potential military applications

U.S. stocks tiptoed to more records after a quiet day of trading

Ice-cream production in this quiet Ecuadorian town began in the mid-20th century in a convent for Franciscan nuns

Stocks that rallied over 10% included, Indo Amines(13.38%), Bang Overseas(13.23%), Niva Bupa Health Ins(12.77%), HEG(11.21%), Wonderla Holidays(10.99%), Vippy Spinpro(10.55%), Zim Laboratories(10.51%) and Syschem(India)(10.17%).

The NSE Nifty index traded 79.8 points up at 24536.95, while BSE Sensex was 301.66 points at 81147.41 as of 10:44AM(IST)on December 04.

«Korea has been a very weak market this year. It is down about 19% in dollar terms within the EM index and so this is just more pain for the Korean market and we will have to see how the politics plays out,» says Geoff Dennis, Independent EM Commentator. This morning we have woken up to those kind of news coming in from South Korea wherein, of course, there was that Martian law that was put on, then it was taken off. Now, there is news of impeachment, a lot going on as far as the Extraordinary General Meeting of the Central Bank in South Korea is concerned. But it begs the question whether India is one of those safe havens of sort where there is political stability, where there is economic stability, while even countries like, of course, China, South Korea, West Asia, and all of that are going through their own turmoil. Does that make India stand out as one of the best opportunities right now? Geoff Dennis: Oh, yes, it does.

REC Ltd. traded at Rs 550.75 on BSE at 10:15AM (IST) on Wednesday, 2.05 per cent from previous close. The scrip quoted a 52-week low price of Rs 376.40 and a high of Rs 653.90.

Canara Bank 1.28 per cent to Rs 106.50 in Wednesday's session as of 10:20AM (IST) even as the equity benchmark Sensex traded 329.82 points at 81175.57. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 129.35 and a 52-week low of Rs 82.66 on NSE. Around 496606 shares changed hands on the counter till 10:20AM (IST).

Domestic benchmark index NSE Nifty gained 88.7 points to 24545.85, while the BSE Sensex traded 332.97 points up at 81178.72.

Ajay Bagga, Market Expert, says he is expecting cryptos and gold to go up. There will be a flight to safety. Both the yen and the dollar will get bought into. In US treasuries, one can expect the yields to go down. Today we saw French yields reaching the Greece yield levels. We are seeing China borrowing at cheaper rates than Japan. We are expecting the Bank of Japan to come in and raise rates at its next meeting in the next fortnight. Following the political developments in South Korea and martial laws being put in place and then revoked, the Samsung stock is under heavy selling pressure. How do you expect global investors to react in the short term? Could this spark a broader risk aversion in emerging markets? Ajay Bagga: The Korean exchange has said they will function as normal. The party leader of the president has opposed this on a Facebook post and the defence minister has called for the military. So, we really do not know what is happening right now. It actually came out of the blue. There have been political wranglings on the budget and this is a minority government which would not survive a floor test. So, overall, it is a very big surprise and I am sure the allies of South Korea from Japan to Europe are working on the back channels to see how this situation can be diffused. It is not a dictatorial country. It is a very strong democracy standing up to its communist neighbours. So, it is very critical that democracy is protected.

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ICICI Securities has a buy call on Bajaj Finance with a target price of Rs 8500. The current market price of Bajaj Finance is Rs 6651.1. Bajaj Finance., incorporated in 1987, is a Large Cap company with a market cap of Rs 411672.79 crore, operating in NBFC sector. Bajaj Finance's key products/revenue segments include Interest, Fees & Commission Income, Other Operating Revenue, Income From Sale Of Share & Securities and Service Charges for the year ending 31-Mar-2024.

Sensex and Nifty50, traded higher on Wednesday for the fourth consecutive session, supported by gains in index heavyweights HDFC Bank, ITC, and L&T, ahead of the Reserve Bank of India's interest rate decision later in the week. As of 9:50 am, the BSE Sensex was up by 317 points, or 0.39%, at 81,162.75, while the Nifty50 gained 96.15 points, or 0.39%, trading at 24,550.

Congress delegation led by Leader of Opposition in the Lok Sabha Rahul Gandhi will visit the violence-hit Sambhal on Wednesday, with police and administration geared up to stop them before reaching the district. Prohibitory orders, including a ban on the entry of outsiders, are in place in Sambhal. Last week, several Samajwadi Party (SP) MPs were stopped from entering the district. Curbs under Section 163 (power to issue order in urgent cases of nuisance or apprehended danger) of the Bharatiya Nagarik Suraksha Sanhita (BNSS), which were set to expire on Sunday, have now been extended till December 31 in Sambhal. Sambhal District Magistrate Rajendra Pensia on Tuesday wrote a letter to the police commissioners of Gautam Buddh Nagar and Ghaziabad and the superintendents of police of Amroha and Bulandshahr districts, urging them to stop Gandhi at the borders of their districts keeping in mind the «communal sensitivity» of Sambhal.

Subscribe to enjoy similar stories. The Federal Reserve has slowed inflation, but many Americans continue to pay a high price for the cumulative inflationary consequences of excessive monetary and fiscal stimulus. We wrote in these pages in February 2021 that, based on history, high deficits combined with expansive monetary policy would trigger accelerating inflation.

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The recent correction has opened up some upside, even after considering the earnings cuts, says Venkatesh Sanjeevi, Senior Vice President & Portfolio Manager – Emerging Markets Equity — India, Franklin Templeton. «Our investment approach is to capitalise on such near-term weaknesses to build positions into high quality companies which can compound their earnings for many years ahead,» he says.

buy call on Hindustan Unilever Ltd. with a target price of Rs 2870. The current market price of Hindustan Unilever is Rs 2,479. Hindustan Unilever, incorporated in 1933, is a Large Cap company, with a market cap of Rs 582498.92 crore, operating in the FMCG sector. Hindustan Unilever's key products/revenue segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2024.