The Karnataka government’s proposed legislative bill—The Karnataka (Mineral Rights and Mineral Bearing Land) Tax Bill, 2024—has created ripples in the mining and steel sectors. By introducing significant tax increases on pre-auction era iron ore mines, the bill is set to impact major players such as NMDC Ltd, Vedanta Ltd, and Sandur Manganese and Iron Ores … Read more
The pharmaceutical sector emerged as a rare bright spot in an otherwise lackluster market on December 19, 2024. Broad-based buying across major pharma stocks propelled the Nifty Pharma Index over 1% higher, making it the only sectoral gainer for the day. Leading the rally were stalwarts like Dr Reddy’s Laboratories, Cipla, and Lupin, which saw … Read more
Inventurus Knowledge Solutions Ltd, a prominent provider of technology-driven healthcare solutions and a care enablement platform, marked its debut on the National Stock Exchange (NSE) with an impressive performance. Listed at a premium of 42.96% over its issue price of ₹1,329 per share, the stock opened at ₹1,900. However, as the trading day progressed, fluctuations … Read more
SpiceJet, one of India’s leading budget airlines, witnessed a remarkable surge in its share price despite a broader market downturn. On December 19, the stock climbed nearly 9% during intraday trading after the airline announced a settlement agreement with Genesis, resolving a $16 million dispute. The news has instilled optimism among investors and bolstered the … Read more
India’s equity markets experienced a sharp decline on Thursday, December 19, marking the fourth consecutive session of losses. Both the SENSEX and NIFTY50 indices fell significantly, with widespread sell-offs across sectors, eroding investor wealth by an estimated ₹8 lakh crore this week. The situation has left many wondering about the factors behind this substantial market … Read more
Ripple’s long-awaited stablecoin, RLUSD, is set to launch for trading this Tuesday, following approval from the New York State Department of Financial Services. This move comes as the company looks to expand its footprint in the payments industry and offer a more efficient solution for cross-border transactions. In a significant development for the crypto market, … Read more
Nvidia (NVDA) has been one of the top-performing stocks in recent years, with a remarkable surge in stock value driven by a soaring demand for AI chips. But with analysts predicting a slowdown in revenue growth for 2025, investors might want to reevaluate their expectations. In 2023 and 2024, Nvidia’s stock has seen exceptional growth, … Read more
Elon Musk, the visionary behind Tesla, SpaceX, and several other groundbreaking ventures, has reached a remarkable milestone by becoming the first person in history to surpass a net worth of $400 billion. According to Bloomberg, this achievement places Musk firmly at the pinnacle of global wealth, a position he has held for several years. His … Read more
Rigetti Computing, Inc. (RGTI), a prominent name in the quantum computing sector, has recently attracted attention from investors, largely driven by its positive brokerage recommendations. While it’s tempting to rely solely on these suggestions, it’s important to understand the broader context before making an investment decision. Here’s a deeper dive into the factors you should … Read more
SoFi Technologies, Inc. (SOFI), a prominent player in the financial technology sector, has recently gained significant attention from investors. The stock has been trending on financial platforms like Zacks.com, drawing both excitement and curiosity about its future trajectory. Over the past month, SoFi’s shares have surged by 18.7%, far outpacing the Zacks S&P 500 composite’s … Read more