Oil prices saw modest gains, buoyed by strong U.S. economic growth and potential supply disruptions from Venezuela and Russia. Robust consumer spending fueled a faster-than-expected GDP increase in the third quarter. Concerns over Venezuelan exports and ongoing attacks on Russian energy infrastructure are supporting market sentiment, overshadowing inventory data.Read More
Tata Motors Passenger Vehicles is set to make waves with an ambitious EV expansion, planning five new electric models by FY30, including the premium Avinya range. A significant Rs 16,000-18,000 crore investment will fuel new launches, expand the lineup, and build extensive charging infrastructure, aiming to solidify market leadership and drive mass adoption of electric...Read More
Adani Ports revised its FY26 EBITDA and cargo volume targets upwards following the acquisition of Australia’s North Queensland Export Terminal (NQXT). The company now projects Rs 22,350–23,350 crore EBITDA and 545–555 million metric tonnes cargo throughput by FY26, reinforcing its 2030 goal of 1 billion metric tonnes.Read More
Five Nifty50 stocks showed improving momentum on 23 December as their RSI levels moved above the key 50 mark from lower zones. This RSI upswing signals an early bullish bias, indicating strengthening price action. Rising momentum helps traders spot potential buying opportunities at an early stage.Read More
U.S. stocks climbed Tuesday, with the S&P 500 reaching a record high following robust GDP data. Strong economic growth pushed bond yields higher, benefiting growth stocks like Nvidia and Alphabet. Despite some weaker economic indicators, the market anticipates a potential “Santa Claus rally” as the year concludes.Read More
Raytheon Technologies secured a $1.7 billion contract to supply four Patriot air and missile defense systems to Spain. This mobile system, developed by Raytheon, is designed to detect, track, and destroy incoming aircraft and missiles. The deal follows similar orders from Germany, the Netherlands, and Romania, and a separate U.S. sale to sustain Ukraine’s Patriot...Read More
Under the first Pradhan Mantri Awas Yojana (PMAY), developers were eligible for a 100% income tax exemption on profits from approved affordable housing projects. The scheme ended in March 2022 and the incentive was not carried forward under PMAY 2.0, prompting mortgage lenders to seek its reintroduction.Read More
The loan agreement, signed on Monday, was priced 125 basis points above the three-month Secured Overnight Financing Rate (SOFR), said the person.Read More
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