Revamped infra monitoring system to be unveiled in January
The Centre’s infrastructure project monitoring system is being revamped to enhance milestone tracking and detailed step-by-step information for projects. The updated system, launching next month, will identify potential delays to control costs and timelines, and will integrate with other portals for consistent data entry and monitoring.
S&P 500’s 2024 rally shocked forecasters expecting it to fizzle
Wall Street strategists were surprised by the S&P 500’s continued rally, soaring to a 23% gain in 2024, contrary to modest expectations. Forecasters revised their targets upward, driven by strong economic expansion, AI advancements, and Trump’s tax promises. Few expect the rally to end in 2025.
Fabtech Technologies Cleanrooms IPO opens on Friday. Check price band, GMP, other details
Fabtech Technologies Cleanrooms will launch its IPO on January 3, aiming to raise Rs 27.74 crore. The issue comprises a fresh issue of equity shares. The company will utilize the proceeds for working capital, acquisitions, and general corporate purposes.
Govt extends MEP on honey, imposes minimum import price on soda ash
The government has extended the minimum export price (MEP) of $2,000 per tonne on natural honey until December 31, 2025. This measure, originally imposed in March 2023, applies to exports below this value, with major destinations being the US and UAE.
Rupee slips to record closing low on weaker yuan, broad-based dollar bids
The Indian rupee slipped to its weakest closing level on record on Monday, pressured by a decline in the offshore Chinese yuan and broad-based dollar bids amid a prevailing bearish bias on the local currency.
Tech View: Nifty’s short-term trend negative; 23,400 in sight. How to trade on Tuesday
The 200-day EMA support at 23,700 has been breached again amid choppy movements, with the downside gap from December 19 remaining unfilled after seven sessions. This unfilled gap is likely a bearish run-away gap, typically signaling the midpoint of a downtrend. According to Nagaraj Shetti of HDFC Securities, this pattern suggests that further declines may […]
Sebi to auction 23 properties of 9 companies in February
Sebi on Monday said it has scheduled an auction of 23 properties belonging to nine firms, such as Tower Infotech and Vibgyor Group of Companies in February, aimed to recoup funds illicitly collected from investors.
Insurance and Pharma sectors poised for outperformance: Abhay Agarwal
We expect that while the intensity of downgrades will not be as high because this time the expectations are not as high, still there will be further downgrades.
Make global diversification your New Year resolution as asset allocation within a country is not enough: Devina Mehra
Devina Mehra, Founder of First Global, encourages Indians to consider global investing through RBI’s liberalised remittance scheme instead of relying solely on gold. She highlights the importance of diversifying investments globally, including tech and pharma sectors, and the growing significance of consumption services like Swiggy and Zomato. She also announces the release of her book […]
Private defence players poised for strong growth; Solar Industries, Azad Engineering among top picks: Amit Dixit
So, in my view, it could be between air and navy. As far as the ordering is concerned, spending is a different matter. So, spending is a function of the execution. However, if you are looking for orders, then we expect that the order for P-75, P-75(I), next-generation corvettes, that could happen in the next […]