BUSINESS
Markets Experience Subdued Activity Amidst Concerns Over Oil Supply and Elevated Valuations
Rupak De, Senior Technical Analyst at LKP Securities, notes a potential interruption in the ongoing rally based on the Nifty's daily chart and signals from the RSI indicator. A correction may occur if the index falls below 21,350, with short-term support at 21,220/21,100, while resistance is expected at 21,500.
Pharma firms valuations do not factor in threats from acceleration in generics adoption in India
In another instance exemplifying the Indian government’s intent to push generics, it has set an imposing timeline to achieve its objective of reaching 25,000 Jan Aushadhi stores. The government targets to increase the store count by 2.5X to 25,000 in less than 2.5 years (end-FY2026), the report said.
Foreign Institutional Investors (FIIs) Acquire Rs 20,000 Crore Worth of Stocks in a Fortnight
The BSE Sensex is presently up 27 points at 71,511 points, with Sun Pharma showing a 1.6% increase.
Jeff Bezos Invests Rs 350 Crore in Ambitious Project: Building a Clock Designed to Last 10,000 Years, Report
Visitors will be limited to maintain the clock's integrity and mystery, and energy-saving measures include updating display dials only when a visitor is present.
Lab-grown diamonds add glitter to booming gems and jewellery business
Nothing of that sort happened and India is at the forefront of this sector and provides onshore and offshore services to the world.
Navigating the Spectrum: Rajeev Chandrasekhar Discusses Utilization of ChatGPT and Bard
Addressing the conclave, Chandrasekhar emphasized that, in the realm of artificial intelligence (AI), it is technological talent rather than chip-driven computer power that will propel India's progress.
Dharavi project was awarded to Adani Group through fair, open, internationally competitive bidding process
“It is important to note that the tender conditions were finalised during the tenure of the Maha Vikas Aghadi (MVA) government, which demitted office at the end of June 2022. The finalised conditions, including the obligations and incentives, which were known to all the bidders, have not been changed for the awardee post the tendering process. Hence, it is wrong to claim that any special benefits have been given to the awardee," the statement said.
Adani Group's Resilience Shines Amidst Persistent Challenges
The strategic investments in core infrastructure businesses, including utilities, transport, and other ventures, contributed significantly to this growth. The Adani Group's response to attacks by short sellers not only thwarted their intended impact but also strengthened the group's position, earning accolades as the best all-round wealth creator in Motilal Oswal's rankings for 2018-2023.
Foreign Portfolio Investors Recorded in Banking and IT Stocks
Anticipating continued FPI stock buying, he emphasized India's status as a top FPI investment destination.
Surat's Diamond Bourse to Be Inaugurated by PM Modi on December 17th
The inauguration, graced by Chief Minister Bhupendra Patel, signifies the government's commitment to this transformative initiative.
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