Economy news

• Vishal Mega Mart Shares Surge 41% In Market Debut

  18-12-2024 07:54 via zeenews.india.com
  
  The stock listed at Rs 110, rallying 41 per cent from the issue price on the BSE. Later, it surged 42.24 per cent to Rs 110.95.
  
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• Razorpay gives Esops of Rs 1 lakh each to all employees

  24-12-2024 16:39 via timesofindia.indiatimes.com
  
  Razorpay has extended Rs 1 lakh worth of ESOPs to each of its 3,000+ employees for the first time, reflecting its commitment to an employee-first ethos. Previously, Razorpay’s ESOP buybacks have benefited numerous employees, with the latest $75 million buyback in 2022 impacting 650 employees.
  
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• Share Market Holiday: Is Stock Market Closed For Trading On Christmas Day 2024? Check Full Holiday List For 2025

  24-12-2024 14:28 via zeenews.india.com
  
  Stock Market Holiday: The first holiday was on January 26 for Republic Day in 2024, while the Christmas holiday marks the final stock market holiday of the year. 
  
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• 163 Workers Rescued From "Slave" Like Conditions From Chinese EV Company BYD

  24-12-2024 14:07 via zeenews.india.com
  
  BYD: Brazilian authorities have rescued 163 workers from conditions similar to "slavery" at a construction site for a factory of Chinese electric vehicle company Build Your Dreams (BYD) in Camacari, Bahia.
  
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• Nissan-Honda Integration Could Boost Credit For Nissan, Compared To Honda: Moody's

  24-12-2024 13:47 via zeenews.india.com
  
  The report noted that Nissan will benefit the most from a credit perspective, while Honda faces more risk due to its stronger credit profile.
  
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• From Maruti, Tata To Mahindra... Check Out 2025's Most Anticipated 7-Seater SUVs

  24-12-2024 12:54 via zeenews.india.com
  
  Upcoming 7-Seater SUVs: The Indian automobile market is set to witness several new SUVs in 2025. Major players like Maruti, Hyundai, Mahindra, Kia, and Skoda are gearing up to launch new models.
  
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• Indian Startup Ecosystem Raises Over Rs 29,200 Crore In 2024, Witnesses Record 13 IPOs

  24-12-2024 12:29 via zeenews.india.com
  
  The largest IPO among startup companies was offered by online food delivery platform Swiggy at Rs 11,327.43 crore.  
  
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• Indian Share Market Ends Flat Ahead Of Christmas, Sensex Settles At 78,472

  24-12-2024 12:12 via zeenews.india.com
  
  According to market experts, the domestic market concluded flat ahead of the holiday, with metal and power stocks dragging performance while FMCG and auto sectors gained from recent corrections. 
  
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• Indian Markets Outperformed With Positive Returns For 9th Consecutive Year In 2024

  24-12-2024 11:08 via zeenews.india.com
  
  Despite these challenges, the Nifty 50 index has gained 9.21 per cent so far this year, while the Sensex index has risen by 8.62 per cent, showcasing the resilience of Indian markets.  
  
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• Domestic Air Passenger Traffic In India To Clock 6.1 Per Cent Growth At 144.9 Lakh In Nov

  24-12-2024 10:36 via zeenews.india.com
  
  For the eight months this fiscal (April-November), domestic air passenger traffic was 1074.9 lakh, with a YoY growth of 6.7 per cent and 12.3 per cent higher than the pre-Covid level of 957 lakh in the first eight months in FY2020. 
  
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• Dehradun: District Administration Orders To Maintain Law & Order Ahead Of New Year

  24-12-2024 10:01 via zeenews.india.com
  
  Dehradun: The Dehradun district administration has ordered the authorities to maintain law and order and ensure smooth traffic management in Mussoorie during the tourist surge for Christmas, New Year and winter vacations, according to a release.
  
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• 'Okay to get paid less than Americans': Entrepreneur justifies lower wages to Indians

  24-12-2024 09:15 via timesofindia.indiatimes.com
  
  Buenos Aires entrepreneur Franco Pereyra argues that paying overseas workers less than their US counterparts is not inherently wrong, considering different economic conditions and cost of living. His stance received heated backlash, with critics labeling it as justifying exploitation and expressing concerns about quality of work and fairness.
  
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• Is Your Aadhaar Card Safe? Follow THESE Steps To Lock Your Biometrics To Prevent Misuse

  24-12-2024 08:47 via zeenews.india.com
  
  Aadhar Card Safety Tips: Unauthorized access to Aadhaar Card can lead to severe repercussions, including financial fraud, identity theft, and breaches of personal data. 
  
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• Vehicles Stuck, Tourists Stranded After Heavy Snowfall In Himachal's Manali; 700 Rescued

  24-12-2024 07:37 via zeenews.india.com
  
  Heavy Snowfall In Himachal's Manali: A fresh spell of heavy snowfall in Himachal Pradesh's Manali on Monday left several vehicles stuck and tourists stranded in their vehicles for hours between Solang and Atal Tunnel, Rohtang.
  
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• Expected Decline In Food Prices In January Could Increase Odds Of Rate Cut In Feb: ICICI Bank

  24-12-2024 06:09 via zeenews.india.com
  
  As per the data by the official data, the retail inflation in November was at 5.48 per cent as compared to 6.21 per cent logged in October, falling in line with the Reserve Bank of India's 2-6 per cent comfort band.  
  
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• New Honda SP125 Launched At Rs 91,771 - Check Features & Specs

  24-12-2024 05:54 via zeenews.india.com
  
  Honda SP125: Honda Motorcycle & Scooter India (HMSI) launched the updated SP125 in two variants- Drum and Disc, priced at Rs 91,771 and Rs 1,00,284, respectively.
  
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• Indian Share Market Opens Flat, Nifty Above 23,700

  24-12-2024 05:47 via zeenews.india.com
  
  Nifty Bank was down 80.55 points or 0.16 per cent at 51,237.05. Nifty Midcap 100 index was trading at 57,016.10 after dropping 76.80 points or 0.13 per cent. Nifty Smallcap 100 index was at 18,660.65 after dropping 27.15 points or 0.15 per cent. 
  
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• Stock market today: BSE Sensex opens in green; Nifty50 above 23,750

  24-12-2024 04:51 via timesofindia.indiatimes.com
  
  Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex was above 78,500, Nifty50 was above 23,750.
  
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• Stock market today: BSE Sensex, Nifty50 settle almost flat in highly volatile trade

  24-12-2024 04:51 via timesofindia.indiatimes.com
  
  Stock market today: In a volatile trading session on Tuesday, key stock indices BSE Sensex and Nifty50 concluded relatively unchanged as investors remained cautious, waiting for market signals amidst continued foreign fund withdrawals.
  
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• Stocks on brokerages’ radar for December 24

  24-12-2024 02:38 via timesofindia.indiatimes.com
  
  Axis Securities recommends buying V-Mart Retail, anticipating an 8% growth, while Yes Securities sees a 33% potential rise for Godawari Power following its acquisition in the metal recycling sector. Elera Securities suggests investing in Indigo Airlines due to expected demand increase by FY26. ICICI Securities maintains a positive outlook on Emami, citing acquisitions as a growth driver.
  
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• US sues Walmart, Branch Messenger for exploiting delivery drivers with $10 million junk fees: 'Companies cannot force workers...'

  24-12-2024 01:57 via timesofindia.indiatimes.com
  
  The CFPB sued Walmart and Branch Messenger for allegedly requiring gig delivery drivers to use specific accounts, leading to over $10 million in fees. The lawsuit claims drivers were misled about payment access, while being threatened with termination. Both companies deny the allegations.
  
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• Wall Street shrugs off weak data as Big Tech stocks rally

  23-12-2024 23:52 via timesofindia.indiatimes.com
  
  A rebound in stocks was driven by significant gains in technology giants Tesla and Nvidia, helping the 'Magnificent Seven' megacaps rise over 1%. Despite a weak US consumer confidence report causing a brief dip, experts forecast a likely Santa Claus rally this year. Thin trading marked the holiday-shortened week's start, with volumes down by around 20%.
  
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• 10,000% stock rally ends with Sebi suspension over false disclosures

  23-12-2024 23:47 via timesofindia.indiatimes.com
  
  BSE has suspended trading in Bharat Global Developers after a Sebi investigation revealed a pump-and-dump scam, leading to a 10,000% rise in its stock price. Sebi has barred several entities involved and accused the company of making false disclosures to boost stock prices.
  
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• Sensex breaks 5-session losing run, rises 499 points

  23-12-2024 23:45 via timesofindia.indiatimes.com
  
  The sensex closed 499 points higher at 78,540 on Monday with gains in financials and IT stocks, influenced by softer US inflation data. Domestic funds recorded a net inflow of Rs 2,228 crore. HDFC Bank, Reliance Industries, ITC, and ICICI Bank were major contributors to the rally.
  
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• Will focus on quality public spending: Government

  23-12-2024 23:41 via timesofindia.indiatimes.com
  
  The finance ministry has informed Parliament that the government's focus is on enhancing the quality of public spending, while also strengthening social security for the underprivileged. Despite global economic instability, the government is committed to reducing the fiscal deficit to under 4.5% by next financial year, emphasizing higher capital expenditure and reducing wasteful spending.
  
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• Razorpay initiates HQ shift to India from US, eyes IPO in 2026

  23-12-2024 23:39 via timesofindia.indiatimes.com
  
  Fintech unicorn Razorpay is relocating its headquarters from the US to India, aiming to go public by 2026. Despite potential tax implications, the reverse flipping process is underway, with RBI approval and NCLT involvement. Razorpay's valuation stands at $7.5 billion.
  
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• Indian IT sector's C-suite churn continues

  23-12-2024 23:26 via timesofindia.indiatimes.com
  
  The IT industry has undergone notable leadership changes over the past two years, with significant shifts at companies like Wipro, Infosys, and Tech Mahindra. Key executives have been replaced, often with internal promotions. Succession planning strategies and new CEO hires have influenced these transitions.
  
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• India to be key challenge as Honda, Nissan talk merger

  23-12-2024 23:20 via timesofindia.indiatimes.com
  
  Japanese companies Honda and Nissan plan to merge operations in response to tough business challenges, potentially affecting their global and Indian markets. The merger faces complexities in India due to independent production setups and Nissan's partnership with Renault. The future of Nissan and Renault's collaboration in Chennai remains uncertain.
  
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• New Triumph Speed Twin 900 Launched - Price, Features, And Specifications

  23-12-2024 16:03 via zeenews.india.com
  
  Triumph Speed Twin 900: Triumph has introduced the 2025 Speed Twin 900 in India, priced at Rs 8.89 lakh (ex-showroom).
  
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• Two Lakh Noise Barriers Installed Along Viaduct Of Mumbai-Ahmedabad Bullet Train Corridor

  23-12-2024 14:41 via zeenews.india.com
  
  Bullet Train: The Mumbai-Ahmedabad Bullet Train Project has achieved a significant milestone with the installation of 206,000 noise barriers along both sides of the 103 km viaduct.
  
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