Author: Supriya Jena

  • NTPC Unveils Nuclear Energy Project in Bihar – A Leap Toward Clean Power

    NTPC Unveils Nuclear Energy Project in Bihar – A Leap Toward Clean Power

    NTPC, a government-owned company, is making big plans to start a nuclear energy project in Bihar. This will help the company grow its clean energy options. The news was announced by NTPC’s Chairman, Gurdeep Singh, at the ‘Bihar Business Connect 2024’ summit.

    NTPC has asked the Bihar government for a piece of land to set up the nuclear project. Singh believes nuclear energy will be very important for the future, saying, “Nuclear energy is expected to be crucial in 20-30 years.” Before moving forward, NTPC will first check if the project is feasible.

    In September, the Indian government approved a new venture called ASHVINI, which is a partnership between NTPC and NPCIL, to build and run nuclear power plants in India.

    Aside from nuclear energy, Singh mentioned that NTPC also wants to explore solar energy projects, including rooftop solar, ground-mounted solar, floating solar, and energy storage solutions, aiming to have a large share of renewable energy in Bihar by 2032. Currently, NTPC’s capacity in Bihar is 8,850 MW, which is a huge investment of around Rs 80,000 crore.

    The company is also looking to set up battery storage systems of around 3,000-4,000 MWh in Bihar. Additionally, Nabinagar Power Generating Company Ltd is working on a new 2,400 MW power project in the state.

    Right now, NTPC has a total power capacity of 76,531 MW, which includes energy from coal, solar, wind, and other sources.

  • Feel free to let me know if you need any more adjustments or additional content!

    Feel free to let me know if you need any more adjustments or additional content!

    The Indian stock market is expected to stay stable on Friday due to weak signals from around the world. On Thursday, the Nifty futures index dropped by 0.97% to reach 24,021 points.

    Looking at options trading, most investors believe the Nifty will struggle to rise above the 25,000 mark. They are focusing on two sections: the highest number of call options (which bet on prices going up) is at 25,000 and 26,000. Meanwhile, the most put options (which bet on prices going down) are found at 23,000 and 24,000.

    There’s talk of call options being sold at 24,000 and 24,200, while put options are sold at 24,000 and 23,500. This information suggests the Nifty will likely trade between 23,400 and 24,400 points, with a closer range of 23,700 to 24,200 points.

    Chandan Taparia, an expert from MOFSL, says the Nifty created a small bullish candle on Thursday, indicating a slight rise, but it went down for four days in a row. If it stays under 24,000, we may see it drop to 23,850 or 23,500. If it goes up, it could face challenges at 24,150 and 24,350.

    Experts have suggested some stocks to watch for short-term trading:

    Amol Athawale (Kotak Securities)
    – Wipro: Buy | Target Rs 323 | Stop Loss Rs 307
    – SAIL: Buy | Target Rs 123 | Stop Loss Rs 115
    – Coal India: Buy | Target Rs 405 | Stop Loss Rs 386
    – Apollo Hospitals: Buy | Target Rs 7,540 | Stop Loss Rs 7,210

    Kunal Bothra (Market Expert)
    – LIC: Buy | Target Rs 925 | Stop Loss Rs 880
    – Abbott India: Buy | Target Rs 30,000 | Stop Loss Rs 28,500

    Nooresh Merani (Technical Analyst)
    – Infosys: Buy | Target Rs 2,050 | Stop Loss Rs 1,920
    – Lupin: Buy | Target Rs 2,250 | Stop Loss Rs 2,140
    – Muthoot Finance: Buy | Target Rs 2,250 | Stop Loss Rs 2,050

    Disclaimer: The views and suggestions provided by the experts are their personal beliefs and do not represent the views of Niftystat)

  • Reliance Industries: Oil Deal Boosts Shares Amid Tough Market Conditions

    Reliance Industries: Oil Deal Boosts Shares Amid Tough Market Conditions

    Reliance Industries, a famous company in India, is making news again! They have restarted a deal with Venezuela’s state oil company, PDVSA, to swap oil. This agreement had stopped for some time because of rules from the U.S. government. However, in July, the U.S. allowed this oil trade to happen again, according to a letter from PDVSA.

    Just earlier this month, a large ship carrying around 1.9 million barrels of Venezuelan oil left for a port in India called Sikka. In return, Reliance sent a smaller shipment of 500,000 barrels of another kind of oil back to PDVSA.

    But not everything is good news for Reliance this year. 2024 has been tough, and their stock prices are likely to end in the red. This is the first time in nearly ten years that the company’s shares are falling. Since their highest price in July, the value of Reliance shares has dropped by around 21%, losing more than ₹4.4 lakh crore in value.

    In the past, Reliance did very well, with a fantastic 70.55% return in 2017 and steady profits until 2020. But now, their growth is slowing down. In 2021, their return fell to 19.32%, then 7.60% in 2022, and just 1.44% in 2023. Analysts are becoming careful with their predictions, mentioning problems like slower growth, rising costs for buildings, and a need for spending to grow the business. Additionally, the quick rise of companies that deliver things fast is putting pressure on what Reliance makes, especially in the retail part of their business.

    According to data from Niftystat, experts say there could be a better future for Reliance. They have an average target price of ₹1,602 for the stock, which means it could go up by 30% from current prices. 37 analysts agree on a ‘Buy’ recommendation for Reliance shares.

    On Thursday, Reliance shares closed at ₹1,230.60, which is down 1.8%. This drop came while the main market index, the Sensex, also went down by 1.12%. The stock has fallen over 16% in the last three months, and 4% over the past year, leaving the company’s total value at ₹16,65,293 crore.

    Disclaimer: The opinions and suggestions from experts do not necessarily represent the views of Niftystat.

  • Truck Fire on Jaipur-Ajmer Highway Injures Several: Details Inside”

    Truck Fire on Jaipur-Ajmer Highway Injures Several: Details Inside”

    On Friday morning, a big truck collided with other trucks and caused a fire on the Jaipur-Ajmer highway, according to the police. Some people got hurt and had to be taken to the hospital. The truck that crashed was carrying a chemical, which made the fire worse. Many trucks were caught in the flames, but it’s not clear how many exactly. This accident happened right in front of a petrol pump. Firefighters are at the scene, working hard to put out the fire. Because of this, all traffic on the highway has been stopped.

  • Travis Kelce Surprises Taylor Swift with an Epic Birthday Bash!

    Travis Kelce Surprises Taylor Swift with an Epic Birthday Bash!

    Taylor Swift had an unforgettable surprise thanks to her boyfriend, Travis Kelce, star of the Kansas City Chiefs. He threw her a party that was full of fun decorations and items from her past music eras. The highlight of the night? A special “22” hat, but this time, it was for Swift herself!

    While many thought the party was for her 35th birthday and the end of her Eras Tour, it turned out to be a surprise “congratulations party” from Travis. Jo-Jo Edwards-Helaire, the wife of Travis’s teammate, Clyde Edwards-Helaire, shared the news on social media.

    The party featured loads of cool surprises for fans of Swift’s music, called Swifties. There were cleaning carts, green capes, and friendship bracelets, as guests dressed in outfits reflecting Swift’s many music eras like Lover and Reputation.

    Swift’s close friend Ashley shared on Instagram how Taylor thought it would be a quiet dinner, only to find out it was a massive surprise with friends and family, along with fun props.

    The story behind the famous “22” hat is that during her Eras Tour, Swift would wow fans by performing her song “22” and give the hats to lucky audience members. Stars like Selena Gomez’s sister and Kobe Bryant’s daughter have been lucky recipients!

    Swift once explained that “22” captures the joyful, carefree feeling of being young and learning about life. She often chose fans with special stories to give the hats to.

    At the surprise party, Kelce playfully gave Swift her own black fedora, turning the tables on her usual tradition. Ashley Avignone shared this sweet moment on Instagram, cheekily captioning it, “And the last 22 hat goes to…”.

    The guest list included Brittany Mahomes, who dazzled in a sparkly silver dress, Patrick Mahomes in a sharp suit, and Lyndsay Bell in a cute pink outfit that fit the Lover era. Ashley showed off a plush snake necklace, which was a nod to Swift’s Reputation album.

  • Trump Rejects Deal as Congress Faces Government Shutdown Deadline”

    Trump Rejects Deal as Congress Faces Government Shutdown Deadline”

    The U.S. Congress is racing against time to stop a partial government shutdown. As of Thursday, Congress has only two days left. President-elect Donald Trump has turned down a bipartisan plan meant to keep the government running. Instead, he wants Congress to deal with the debt ceiling before he takes office next month. Trump told his Republican colleagues in Congress to oppose a stopgap bill, which would keep the government funded after the deadline of midnight Friday. He warned that any Republicans who supported the bipartisan plan might face challenges from other party members in the 2026 elections.

    Speaker of the House Mike Johnson and other Republican leaders are working hard to find a new agreement that satisfies both their party and the Senate, where Democrats have a slight edge. If no agreement is reached, the government will shut down on Saturday, affecting things like air travel and law enforcement just before Christmas.

    Trump also urged Congress to remove parts of the bipartisan deal that the Democrats support. His ally, Elon Musk, who is a billionaire and one of the richest people in the world, has been pushing Congress to reject the plan. The bipartisan deal would keep funding at its current level and give $100 billion for disaster relief and $10 billion for farming assistance, but it also proposed pay raises for lawmakers and a crackdown on hidden hotel fees.

    Some members of Congress are worried. Representative Rosa DeLauro, a leading Democrat, criticized Republicans for listening to Musk, who is not an elected official. Meanwhile, Speaker Johnson mentioned that he had a productive meeting with other party leaders but didn’t share any details. The House has not yet agreed on the debt ceiling discussions.

    Republicans are feeling restless, especially after the exit of their former leader, Kevin McCarthy. Some hardline Republicans, like Marjorie Taylor Greene, are even talking about potentially looking for new leadership.

    The next steps are still not clear. Congress needs to work together to pass any new spending plan in both the House and Senate. This stopgap measure is important because Congress has not passed its regular budget for the new fiscal year starting on October 1. Social Security benefits, however, will continue automatically. For over 20 years, the U.S. government has spent more money than it takes in, which has caused the national debt to rise.

  • Arjun Kapoor Discusses Career Challenges and Overcoming Negativity

    Arjun Kapoor Discusses Career Challenges and Overcoming Negativity

    Arjun Kapoor, known for his movies, recently shared his experiences with negativity in his career since he started acting in 2012 with Ishaqzaade. In a chat with Raj Shamani on his podcast, Figuring Out, Arjun opened up about the difficulties and criticism he faced. He said that many people seemed to want him to fail.

    When discussing his new role in Singham Again, starring alongside famous actors like Ajay Devgn and Deepika Padukone, Arjun expressed happiness that people recognized his work in the film. He mentioned, “It was a special moment because, for a long time, people wanted me to fail. Some critics and trolls targeted me as an easy victim.”

    Arjun explained that a lot of negative comments about him were related to his family name, his personal life, and the fact that some of his movies didn’t do well at the box office. “Many people thought I didn’t care about my work or want to improve as an actor. This idea got stronger because I faced health issues that I didn’t talk about earlier,” he said. He also mentioned feeling hurt when a review for the movie Kuttey felt like a personal attack.

    In the last few years, Arjun has struggled, as many of his films, like Sardar Ka Grandson and Kuttey, didn’t receive well. However, he made a comeback this year as a villain named Danger Lanka in Singham Again, and things are looking up for him.

  • Jobless Claims Drop: Insights on the U.S. Labor Market”

    Jobless Claims Drop: Insights on the U.S. Labor Market”

    Last week, fewer Americans applied for unemployment benefits, which shows that the job market is slowly changing. The Labor Department said that new claims dropped by 22,000 to 220,000 for the week ending on December 14. Economists expected more claims, around 230,000.

    This increase in claims has created some uncertainty, making it hard to fully understand what’s happening in the job market. Although job openings and claims show that things aren’t as tight as before the COVID-19 pandemic, the job market is cooling down steadily.

    In July, the unemployment rate rose to 4.3% from 3.7% at the beginning of the year. To handle this increase, the Federal Reserve made a significant cut to interest rates in September. Recently, Fed Chair Jerome Powell said the risks in the labor market seem to be lessening. The Fed also lowered its main interest rate by 0.25% to between 4.25% and 4.50%. They now predict just two rate cuts next year instead of four, due to strong economic activity and high inflation.

    There is still some worry about what policies President-elect Donald Trump will introduce, like taxes and tariffs, which could lead to higher prices. The Fed had raised rates by 5.25% between March 2022 and July 2023 to control inflation.

    This claims report helps to better understand the job market’s condition in December. More people who lost their jobs are facing long periods without work, with the average time being close to three years in November. There were also 1.874 million people receiving benefits after their first week of aid, which is a sign of hiring trends.

  • CBSE Inspects 29 Schools for Enrolling ‘Dummy’ Students – Legal Actions Pending”

    CBSE Inspects 29 Schools for Enrolling ‘Dummy’ Students – Legal Actions Pending”

    The Central Board of Secondary Education (CBSE) checked 29 schools in cities like Delhi, Bengaluru, Varanasi, Bihar, Gujarat, and Chhattisgarh to find out if they were enrolling “dummy” students. This means students who don’t actually attend classes but are still registered in the school.

    CBSE Secretary Himanshu Gupta explained that 29 teams, made up of a CBSE officer and a principal from a different school, did these surprise checks. Most of the schools inspected had broken rules by signing up more students than they actually had in attendance, which is against the CBSE’s rules. They also didn’t meet other important school building standards.

    Because of these findings, CBSE is taking action. They will send warning letters to the schools that broke the rules and may even take legal action against them.

    The inspections took place on Wednesday and Thursday. Out of the 29 schools checked, 18 were in Delhi, 3 in Varanasi, and 2 each in Bengaluru, Patna, Ahmedabad, Bilaspur, and Chhattisgarh.

    Many students who want to do well in engineering and medical entrance exams often choose “dummy” schools. They don’t attend these schools, allowing them to focus only on studying for their entrance exams. Some students also pick dummy schools to be eligible for specific quotas in medical or engineering colleges in their states. For example, students who finish classes 11 and 12 in Delhi can apply for medical colleges there and get extra advantages.

  • Parliament Chaos: Amit Shah’s Ambedkar Remarks Spark Major Protests

    Parliament Chaos: Amit Shah’s Ambedkar Remarks Spark Major Protests

    A heated argument arose in Parliament after Home Minister Amit Shah made comments about Dr. B.R. Ambedkar that upset many. The Congress party accused Shah of disrespecting Ambedkar when he said that mentioning his name repeatedly had become a “fashion.” He joked that if people said God’s name as often, they would ensure a place in heaven for seven lifetimes.

    The argument sparked protests and a clash outside Parliament. Both the BJP, which leads the government, and Congress, the main opposition party, protested at the same time, leading to chaos. Two BJP members, Pratap Sarangi and Mukesh Rajput, got hurt in the scuffle, with Sarangi needing stitches on his head.

    The BJP claimed Rahul Gandhi pushed Sarangi, causing his injuries. But Rahul Gandhi said he was just trying to enter Parliament with a photo of Ambedkar when BJP members blocked and pushed him. Mallikarjun Kharge, the opposition leader, accused BJP members of being aggressive and mentioned that he was pushed too, which hurt his knees.

    Moreover, a BJP member, Phangnon Konyak, complained that Rahul Gandhi stood too close to her, making her uncomfortable. Both parties have filed police complaints against each other. Congress accused BJP of trying to distract from important issues, while BJP accused Rahul Gandhi of causing trouble.

    This incident shows how divided the political parties are as they argue about respecting Ambedkar and how to behave in Parliament.