BUSINESS
UN Report Forecasts Global Economic Growth to Decelerate to 2.4% in 2024
While the global economic performance exceeded expectations in 2023, several challenges loom on the horizon.
Anticipated Gold Price Surge: Expected Move Towards a New High of Rs 70,000
The anticipated rise in gold prices is attributed to a weak dollar and a decrease in US treasury yields. The dollar and yields have experienced a decline due to the expectation that the US Federal Reserve will initiate rate cuts as early as March 2024.
Market Rebounds Strongly After Two Consecutive Negative Trading Days
The broader market outperformed, with the Nifty Midcap 100 and Nifty Smallcap 100 both posting gains of 1%. In a notable green sweep, all sectors closed positively, with realty, PSU banks, and financials emerging as the top gainers.
Market Rebounds Strongly After Two Consecutive Negative Trading Days
Closing on Thursday, the Sensex showed an impressive gain of 490.97 points, or 0.69%, reaching 71,847.57. Simultaneously, the Nifty climbed 141.30 points, or 0.66%, concluding at 21,658.60.
India Takes the Lead in Healthcare Sector Deals in Asia-Pacific in 2023: Impressive Deal Value
The Asia-Pacific region, as a whole, saw an announced deal value of approximately $14 billion.
Invesco Elevates Swiggy's Valuation to $8.3 Billion, Boosting US-Based Confidence
Notably, Invesco had previously raised Swiggy's valuation to around $7.85 billion in October of the preceding year.
Global Markets Undergo Correction in Recent Days: A Recap of Recent Financial Trends
While market trends can be predicted to some extent, the timing and specific triggers for corrections remain unpredictable.
Real Estate Stocks Surge Up to 15%: Notable Jump in Market Performance
RailTel soared by 16.68 percent, hitting a 52-week high of Rs 194.10, eventually settling 14.70 percent higher at Rs 190.80. The company recently secured an order worth Rs 27.91 crore from Kerala State Information Technology Infrastructure for a fiber optic network.
Amit Shah, Cooperation Minister, Set to Unveil Tur Dal Procurement Portal Tomorrow
The newly developed portal, available in multiple languages, targets tur dal cultivators in Maharashtra, Andhra Pradesh, Telangana, Gujarat, Karnataka, and Jharkhand.
LIC Receives Rs 663 Crore GST Demand Notice
LIC stated in a regulatory filing that it received a communication detailing interest and penalty from the Office of the Commissioner of CGST & Central Excise, Chennai North Commissionerate, on January 1.
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