Tag: llv news

  • Indian Stock Market Rises: HDFC & Reliance Drive Gains Today!

    Indian Stock Market Rises: HDFC & Reliance Drive Gains Today!

    On Tuesday, the Indian stock market ended on a positive note. The Nifty 50 index gained thanks to two big companies, HDFC Bank and Reliance Industries. Also, U.S. Federal Reserve officials hinted at a possible interest rate cut of 0.25% later this month, which made investors hopeful.

    The S&P BSE Sensex rose by 597.67 points (0.74%) and closed at 80,845.75. Meanwhile, the Nifty 50 index went up by 181.10 points (0.75%) to finish at 24,457.15.

    Market Insights:

    Vinod Nair from Geojit Financial Services said that the stock market is getting stronger, driven by good global news. People are now looking for signs of growth in the economy, especially since the recent weak economic data is already reflected in company earnings. Right now, everyone’s focused on what the Reserve Bank of India (RBI) will say about interest rates and liquidity.

    Banking stocks saw the biggest gains because they are sensitive to interest rates, while metal stocks did well due to higher import taxes and better manufacturing data from China.

    What’s Happening in the U.S. and Europe:

    In the U.S., stock prices were down early Tuesday after hitting record highs. Investors were uncertain if stocks are too expensive. However, AT&T shares jumped 4.8% after announcing $40 billion in returns to shareholders.

    In Europe, Germany’s DAX surpassed 20,000 points for the first time. Markets in Paris bounced back despite political issues in France. The euro gained strength against the dollar, as more interest rate cuts from the Federal Reserve are expected.

    Tech Analysis:

    The Nifty started strong but had some ups and downs before closing positively at around 24,457. Hrishikesh Yedve from Asit C. Mehta said that the Nifty showed strength on the daily chart, hinting at a potential upward trend. If it goes above 24,550, it could reach 24,700 to 24,800. As long as the Nifty stays above 24,300, buying on dips is a good strategy.

    Most Active Stocks:

    – Top Stocks by Value: Punjab National Bank (Rs 121.57 crore), Power Grid Corp (Rs 106.43 crore), Adani Green Energy (Rs 95.52 crore).
    – Top Stocks by Volume: Vodafone Idea (28.36 crore shares), YES Bank (15.02 crore shares), Suzlon Energy (9.11 crore shares).

    Stocks Showing Buying Interest:

    Shares of HEG, Graphite India, and Torrent Power were popular among buyers.

    52-Week Highs and Lows:

    Over 251 stocks hit their highest prices in 52 weeks, while 13 fell to their lowest. Some high-flyers included Garware Technical Fibres and KEC International.

    Market Sentiments:

    The overall mood in the market was positive. Out of 4,067 stocks traded, 2,704 went up, 1,261 went down, and 102 stayed the same.

    Disclaimer: The opinions in this article are those of the individual experts and may not reflect the views of NiftyStat.

  • Reliance Power’s Tender Ban Lifted by SECI: Key Updates

    Reliance Power’s Tender Ban Lifted by SECI: Key Updates

    Reliance Power announced that the Solar Energy Corporation of India Limited (SECI) has lifted a ban on the company. This means that Reliance Power and its subsidiary, Reliance NU BESS Limited (formerly called Maharashtra Energy Generation Limited), can now take part in all SECI tenders. Previously, on November 6, SECI had banned both companies from joining any future tenders for three years. However, after some legal discussions, SECI decided to remove this ban. It’s important to note that SECI still has the right to take legal actions if necessary

  • New Bill to Transform India’s Oil and Gas Sector for a Bright Future

    New Bill to Transform India’s Oil and Gas Sector for a Bright Future

    Prime Minister Narendra Modi stated on Tuesday that the Oilfields (Regulation and Development) Amendment Bill, 2024, is a key law that will help improve energy security in India and make the country more prosperous. His message came after the Bill was approved in the Rajya Sabha.

    This new law aims to change the current rules about exploring and producing oil and gas. It will separate oil operations from mining to encourage more investment in the energy sector. The Bill, which was introduced in August, passed by a voice vote.

    Modi praised the law, saying it is vital for boosting energy security and supporting a prosperous India. Oil Minister Hardeep Singh Puri also expressed excitement, saying that India’s fast-growing energy industry took a big step forward with these important changes to the Oilfields (Regulation and Development) Act, originally established in 1948.

  • Amazon Invests ₹450 Crore in New Data Center Near Mumbai!

    Amazon Invests ₹450 Crore in New Data Center Near Mumbai!

    Amazon India has bought a large piece of land—over 38 acres—in Palava, close to Mumbai, from Lodha, a well-known real estate company. They paid more than ₹450 crore (about $54 million) to build a big data center there. Amazon’s data service branch, Amazon Data Services India, will use the land to create a new facility that can hold up to 4.16 million square feet of space.

    So far, Amazon has paid about ₹396 crore to Lodha as part of the deal and will pay the remaining ₹54 crore later after completing some steps. They also paid ₹27 crore for stamp duty to register the purchase on November 12.

    Last year, Amazon also leased a smaller 4-acre land in Powai, Mumbai, for nearly 18 years to build another data center, spending more than ₹562 crore in total rent. In 2022, they even leased an extra 5.5 acres from the same company, adding up their total land to 9.5 acres, costing nearly ₹1,500 crore in rent over the years.

    Before these deals, Amazon set up a data center in Thane, where they bought a huge 54-acre land for over ₹1,870 crore last year.

    Amazon is dedicated to improving digital services in India and plans to spend up to $12.7 billion on cloud infrastructure by 2030. Other big companies like Google and Microsoft are also investing in data centers in India, which are becoming super important for various online services

  • Join IIT Madras’ Exciting Supply Chain Certification Courses in 2025!

    Join IIT Madras’ Exciting Supply Chain Certification Courses in 2025!

    The Indian Institute of Technology Madras (IITM) Pravartak Technologies Foundation is working with Cambtech Training and Placement firm to offer new certification programs in the Supply Chain and Logistics field. These courses are designed to give students a realistic work experience in a “Virtual Office,” where they can learn just like they would in a real job.

    Students will also use an artificial intelligence platform that creates a virtual business environment for them to practice tasks like handling financial transactions in real-time.

    The available courses include Supply Chain Management, Port Management, Chartering Practices, and International Liners Trade. Upon finishing the program, students will receive a certificate from Cambtech and IITM Pravartak.

    Prof. Mangala Sunder, the founder of Digital Skills Academy at IITM Pravartak, stressed that the aim is to equip college students and workers from various industries with the skills they need to find jobs or learn new skills. “The training will prepare students to take on competitive exams in Supply Chain and Logistics confidently,” said Prof. Sunder.

    Vaishnavi B Iyer, CEO of Cambtech, also highlighted how essential upskilling is today, encouraging candidates to prepare for successful careers in Supply Chain and Logistics. The unique virtual training platform created by Cambtech will let students learn in various ways.

    The foundational knowledge for all training will come from expert lessons by Prof. G. Srinivasan, who has been a part of IIT Madras for over 30 years and has experience in international management.

    The first batch of these courses will start on January 1, 2025, and registration will close on December 25, 2024. Interested candidates can sign up through the provided link.

  • ISRO Is Launching Proba-3 Mission for Solar Studies Tomorrow!

    ISRO Is Launching Proba-3 Mission for Solar Studies Tomorrow!

    The Indian Space Research Organisation (ISRO) is getting ready to launch an exciting mission called PSLV-C59/Proba-3! The launch will happen on December 4 at 4:08 PM IST from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. This mission, in collaboration with the European Space Agency (ESA) and NewSpace India Limited (NSIL), will focus on advanced space technology.

    What is the Proba-3 Mission?

    – The PSLV-C59 rocket will carry two spacecraft, the Coronagraph Spacecraft (CSC) and the Occulter Spacecraft (OSC), working together to study the Sun.
    – This mission is special because it will demonstrate how these two satellites can fly closely together, creating the effect of one big spacecraft in space!
    – The satellites will be 150 meters apart and aligned with the Sun, allowing the OSC to block bright sunlight so the CSC can observe the Sun’s faint outer atmosphere (the corona).

    Details About the Spacecrafts:

    – The Coronagraph Spacecraft weighs 310 kg and uses hydrazine for propulsion. It has special instruments to study the Sun’s corona.
    – The Occulter Spacecraft, which weighs 240 kg, uses cold gas propulsion and has its own scientific instruments.

    The mission will act as a “floating lab,” testing new ways for space gadgets to meet and work together in orbit. Both satellites will work in a fixed formation, providing continuous views of the Sun for valuable scientific research.

    NSIL, which is a part of ISRO, aims to provide satellite services to Indian and global users. As India’s first commercial satellite service provider, NSIL supports communication and remote sensing services.

  • Karan Aujla Faces Complaint Over Concert Songs in Chandigarh

    Karan Aujla Faces Complaint Over Concert Songs in Chandigarh

    A complaint has been made against Punjabi singer Karan Aujla before his big concert in Chandigarh on December 7 for his “All A Dream Tour.”

    A professor named Panditrao Dharnevar, who lives in Chandigarh, says Karan’s songs promote bad things like alcohol, drugs, and violence. He is asking Karan to stop singing these kinds of songs. The professor has specifically mentioned songs like “Chitta Kurta,” “Few Days,” “Adhia,” “Bandook,” “Alcohol 2,” and “Gangsta,” and he wants Karan not to perform them at his concert.

    If Karan goes ahead and performs these songs, the professor has threatened to take legal action against the Senior Superintendent of Police (SSP) and the Director General of Police (DGP) of Chandigarh.

    This news comes just after another popular singer, Diljit Dosanjh, received a notice from the Telangana government. They told him not to sing songs that promote alcohol, drugs, or violence during his event. They also warned him not to include children in his show and said loud music and flashing lights could be harmful to them.

    Diljit responded to the Telangana government during a concert in Ahmedabad. He said he would stop singing about alcohol if the whole country agrees to ban it. He added, “If all states declare themselves as ‘dry states,’ then the next day, I will never sing about alcohol again. But can that happen? It is too big of a business. Bars were closed during Corona, but other businesses stayed open. You can’t fool the youth!”

  • Snow and School Changes in North Carolina: Winter Weather Updates!

    Snow and School Changes in North Carolina: Winter Weather Updates!

    Winter has arrived in North Carolina, bringing snow, ice, and changes to school schedules. In Charlotte, kids saw their first snow in three years! Nearby areas faced slippery roads due to ice. Because of the winter weather, several school districts—like Iredell, Lincoln, Alexander, and Ashe counties—had to change their plans for the day.

    What Schools Are Doing This Tuesday:
    – Iredell County Schools: Closed for the day, but teachers can choose to work from home.
    – Lincoln County Schools: Delayed opening by two hours because of black ice.
    – Alexander County Schools: Also delayed by two hours.
    – Ashe County Schools: Students will learn from home, starting at 9 a.m. for elementary kids and 10 a.m. for high schoolers.

    Other districts, including Guilford, Winston-Salem/Forsyth, and Lexington City Schools, have also closed or delayed their schedules, offering remote learning options where possible.

    Expect cold weather this week! Temperatures will stay in the 40s during the day and drop to near record lows in the 20s at night. Tonight, the coldest air of the season is expected, with temperatures likely reaching the teens. Charlotte might even drop to around 20 degrees, just above the record low of 18 set in 2000.

    Weather Update for Charlotte:
    On Tuesday morning, Charlotte got a quick surprise snow, creating some winter alerts, especially in areas north and west of town. Although the snow was short-lived, it made a big impact.

    Later in the week, a cold front will bring temperatures back to the 40s on Friday and Saturday, with a slight warm-up on Sunday. There may also be some rain on Monday.

  • South Korea’s Yoon Declares Emergency Martial Law Amid Political Tensions

    South Korea’s Yoon Declares Emergency Martial Law Amid Political Tensions

    South Korean President Yoon Suk Yeol has declared an “emergency martial law.” He made this announcement on Tuesday, saying that the opposition party has too much power in the parliament and is helping North Korea, which is causing problems for the government.

    During a live broadcast, Yoon promised to “get rid of pro-North Korean groups and protect our democratic way of life.” It’s unclear how this will impact how the country is run.

    Yoon, who has been president since 2022, has seen his popularity drop recently. He has had a hard time moving his plans forward because the opposition Democratic Party controls the parliament. There has been a standstill between Yoon’s conservative People Power Party and the Democratic Party about the budget for next year.

    Yoon also faced criticism for not allowing independent inquiries into scandals involving his wife and other officials. After his announcement, the Democratic Party held a special meeting to discuss what to do next.

  • Indian Banks Thrive: Record Growth and Women Empowerment Boost

    Indian Banks Thrive: Record Growth and Women Empowerment Boost

    On Tuesday, Finance Minister Nirmala Sitharaman shared great news about Indian banks. She said our banks are strong and doing well, which is really important because we can’t have banks that are struggling. This was said while she presented the Banking Laws (Amendment) Bill in the Lok Sabha. She praised the Reserve Bank of India and the Finance Ministry for keeping the banking system steady, noting that even countries with good systems sometimes face bank failures.

    Sitharaman mentioned how banking has changed since 2014 and said we should be proud of how banks are now managed better. Unlike before, banks are not asking the government for money because they can now raise funds on their own by selling bonds. Nowadays, we can do banking online or on our phones, which is available everywhere from Arunachal Pradesh to Rajasthan. She also highlighted how Non-Banking Financial Companies (NBFCs) help reach people who need services in remote areas.

    The minister shared that the number of bank branches has grown significantly: from 3,792 to 1,65,501 branches by September 2024. Out of these, 85,116 are public sector banks, making banking easier even in rural areas. She said the number of rural branches increased from 41,855 in 2014 to 55,372 in March 2024. Semi-urban branches grew from 33,504 to 55,214, and urban branches rose from 21,007 to 29,276 over the same period.

    Sitharaman also talked about women empowerment. She revealed that 68% of all Mudra loans went to women and that 44% of all Swanidhi loans were granted to them without needing collateral. A huge milestone is that 1 lakh out of 12 lakh rural Mudra bankers are women, helping them earn more money. Today, there are 53 crore Mudra bank accounts with a total of Rs 2.37 lakh crore deposited, increasing the average balance from Rs 1,065 to Rs 4,397.