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  • Adani Enterprises’ share price jumps nearly 5 pc, Adani Ports among top gainers

    Adani Enterprises' share jumps nearly 5 pc, Adani Ports among top gainers

    IANS

    The share of Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, jumped nearly 5 per cent in the morning trade on Monday.

    At around 11:06 am, the share price of Adani Enterprises rose 4.97 per cent to Rs 2,529 per share on the BSE.

    The stock’s 52-weeks high price was Rs 3,743 per share and lowest price was Rs 2,030 per share.

    The current market price of Adani Enterprises has crossed its two resistances. The current market price first crossed the resistance of 2,444.93, after which it was successful in crossing the resistance of 2,473.37.

    Meanwhile, Adani Ports maintained its place in the top gainers of the Sensex. At around 10 am, the stock of Adani Ports was trading at Rs 1,239.75, up 0.74 per cent.

    This rise in the AEL’s stock is being considered a strong bullish move.

    Adani Enterprises’ share jumps nearly 5 pc, Adani Ports among top gainers

    IANS

    Leading brokerage firm Ventura Securities Limited has set a market value target of Rs 3,801 for Adani Enterprises’ shares in the next two years.

    In a bull case scenario, the target price rises to Rs 5,748, which would mark an upside of 138.6 per cent, the brokerage said in its latest note.

    According to Ventura’s note, Adani Enterprises is on a strong growth trajectory. The company’s consolidated revenue will reach Rs 1.56 lakh crore at a CAGR of 17.5 percent in the next three years from FY 2024 to 2027.

    According to the note, this growth will be driven by the company’s expansion of airport, solar, and wind turbine businesses, as well as revenue contributions from copper business.

    The Adani Group’s flagship company is targeting Rs 6.5-7 lakh crore in capital expenditure over the next decade, primarily focusing on airports, data centres, copper, and green hydrogen, according to Ventura.

    (With inputs from IANS)

  • The Batman 2 release delayed, DC Studios co-chairman James Gunn shares why 

    Batman II delayed till 2027
    Batman II will feature Robert Pattinson playing the titular role. Photo Courtesy: Wallpaper Cave

    DC Studios co-chairman and co-CEO James Gunn has revealed that they decided to postpone the much-awaited The Batman Part II since the script of the movie has not been completed.

    In his Thread post, Gunn wrote: “Yes, it is true. The only reason for the delay is there isn’t a full script (those of you who follow me here probably know that already). Matt is committed to making the best film he possibly can, and no one can accurately guess exactly how long a script will take to write.”

    The superhero action movie has now been pushed to 2027, a decision that has left several fans disappointed.

    Gunn said: “Once there is a finished script, there is around two years for pre-production, shooting and post-production on big films. TheBatman2.”

    If media reports are to be believed, the movie is now scheduled to be released on Oct 1, 2027.

    Production isn’t scheduled to get started until late summer and with a VFX heavy sequel such as this one, a fall 2026 theatrical release is within reach, reported Deadline.

    The sequel will once again feature Robert Pattinson in the titular role.

    The Batman movie, featuring Pattinson in the lead role, playing the superhero for the first time in his career, released in 2022.

    Directed by Matt Reeves from a screenplay he wrote with Peter Craig, it was a reboot of the Batman film franchise produced by DC Films.

  • Indian stock market set to ride on strong economic growth in 2025

    Indian stock market set to ride on strong economic growth in 2025

    IANS

    The Indian benchmark indices in 2025 are set to ride on strong economic growth and government efforts to boost infrastructure and digital innovation, experts said on Monday.

    Sectors like capital goods, technology, financial services, consumption, and healthcare are expected to shine, with emerging areas such as semiconductors, electronic and manufacturing, renewable energy and electric mobility grabbing more attention, said Deepak Ramaraju, Senior Fund Manager, Shriram AMC.

    Indian equities were buoyant amid a challenging and eventful year with higher volatility. The markets were volatile with multiple global events, a slowdown in the Indian economy, tighter liquidity conditions and delayed government spending.

    “However, a recent cut in CRR is expected to ease the liquidity conditions followed by a pickup in government spending. These two factors are expected to improve overall consumption and pickup in industrial output,” Ramaraju mentioned.

    Capital expenditure by the government till October 2024 stood at Rs 4,66,545 crore.

    Indian stock market set to ride on strong economic growth in 2025

    IANS

    With government stepping up investments in the second half this fiscal, sectors such as infrastructure, defence and railways may witness recovery.

    “FMCG, badly hit by urban consumption slowdown, could witness recovery as valuation looks attractive. Besides, with government spending revival and possible interest rate cut in 1HCY25, urban consumption should recover,” Ramaraju explained.

    The IT sector, which has already recovered from its lows after rate cuts, may do well in 2025 as discretionary spending picks up, provided US President-elect Donald Trump does not impose any surprise tariffs.

    Banks may also witness recovery post interest rate cuts resulting in possible pick up in credit growth. Moreover, the recent CRR cut by 50 bps (in two tranches) should boost liquidity and credit growth in the banking sector, said experts.

    According to Bajaj Broking research team, 2024 has been a remarkable year for Indian equity markets, particularly for the smallcap and midcap indices, which have significantly outperformed.

    This stellar performance is attributed to strong domestic liquidity, with domestic institutional investors (DIIs) consistently being net buyers, and heightened retail participation through SIPs. Broader economic tailwinds, such as an above-average monsoon and strategic sectoral rotation, further supported the uptrend.

    “Looking ahead to CY25, the smallcap and midcap indices are expected to maintain their positive trajectory. The Nifty Smallcap index, which recently achieved a breakout above multi-year resistance levels, is projected to advance to 22,700, while the Nifty Midcap index is anticipated to reach 67,700,” said the research team.

    These projections are bolstered by a robust domestic economy, pro-growth policies in the Union Budget, and anticipated rate cuts of 75–100 bps by the RBI, creating favourable conditions for sustained growth in these segments.

    (With inputs from IANS)

  • Post Office’s special scheme: You will earn Rs 2.54 lakh from interest alone… you will also get a loan


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    If you want to earn good money without risk, then Post Office schemes can be better for you, which can help you earn good money in a short time. Post Office Small Saving Schemes are very popular, which also includes Office Recurring Deposit i.e.

    Post Office RD. In this scheme, you can raise a huge amount of Rs 8 lakh by investing just Rs 5000 every month. The specialty of this scheme is that people can also get loans easily.

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    In the year 2023, the government gave a gift to the investors by increasing the interest rate on the Post Office Recurring Deposit Scheme. These new rates are applicable in the October-December 2023 quarter. Talking about the interest rate on investment in this scheme, an interest rate of 6.7 percent is available, which is revised on a quarterly basis. But under the scheme, benefits are given on an annual basis.

    How to raise Rs 8 lakh just from RD It

    is very easy to calculate the investment and interest in Post Office RD and if we talk about how you can raise a fund of Rs 8 lakh by saving just Rs 5,000 per month under this scheme, then let us tell you that if you invest Rs 5,000 every month in the Post Office Recurring Deposit Scheme, then in its maturity period i.e. five years, you will deposit a total of Rs 3 lakh and at the rate of 6.7% interest on this will add Rs 56,830. That means, in total your fund will be Rs 3,56,830 in five years.

    Now you should extend this RD for another five years. Meaning if you extend it for the next five years, then the amount deposited by you in 10 years will be Rs 6,00,000. Along with this, the interest amount on this deposit at the rate of 6.7 percent will be Rs 2,54,272. In this way, your total fund deposited in 10 years will be Rs 8,54,272.

    You can also take a loan.

    You can open an account in Post Office Recurring Deposit Scheme by going to any nearest post office. You can start investing in it from Rs 100. The maturity period of Post Office RD is five years, but if you want to close the account before the completion of this period, then this facility is also available in this saving scheme. Loan facility is also given in this. After the account is active for one year, a loan of up to 50 percent of the deposit amount can be taken. However, the interest rate on the loan is 2 percent higher than the interest rate.

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  • India’s defence production poised to clock 20 pc annual growth in FY 2024-29

    India's defence production poised to clock 20 pc annual growth in FY 2024-29

    India’s defence production poised to clock 20 pc annual growth in FY 2024-29IANS

    On the back of robust government reforms and increasing private sector participation, India’s defence sector production is set to grow at a compound annual growth rate (CAGR) of around 20 per cent during FY24-FY29, according to a report released on Monday.

    Indian defence sector companies are set to further enhance the country’s defence capabilities, reduce import dependence, and elevate its global stature, the CareEdge Ratings report stated.

    The collaboration between government and private sector entities in India’s defence sector has driven advancements in arms and ammunition, aerospace, electronics, and naval technologies.

    Private sector entities, both domestic and multinational, are expected to play a pivotal role in advancing defence modernisation, leveraging their engineering and technological expertise, the report observed.

    Defence Minister will celebrate Vijaya Dashmi with the armed forces personnel

    India’s defence budget has consistently ranged between 1.90 to 2.8 per cent of its gross domestic product (GDP)IANS

    This collaboration has been supported by policies such as ‘Make in India’ and liberalised FDI norms, which have enhanced domestic manufacturing capabilities, attracted international investments in defence innovation and driven notable growth in exports of military equipment, the report pointed out.

    In recent years, India’s defence budget has consistently ranged between 1.90 to 2.8 per cent of its gross domestic product (GDP).

    For the fiscal year 2024-25, a substantial allocation of Rs 6.22 lakh crore has been dedicated for the defence sector.

    Furthermore, India has set an ambitious annual defence production outlay of Rs 1.75 lakh crore for FY25 which is expected to grow at a CAGR of around 20 per cent to Rs 3 lakh crore (as per Ministry of Defence) by FY29, underscoring its commitment to becoming a self-reliant defence powerhouse, the report noted.

    Historically, India has been a net importer of defence equipment, heavily relying on foreign suppliers to meet its critical military needs. However, concerted efforts to promote indigenous defence manufacturing and technology development, supported by policy reforms such as the ‘Make in India’ initiative, are bringing about a gradual shift.

    Over the last six years ending FY24, Indian defence exports have grown at a healthy CAGR of approximately 28 per cent.

    CareEdge Ratings anticipated that India’s defence exports will grow in tandem with government spending in the sector at an estimated rate of about 19 per cent during the next 5 years (i.e. from FY24 to FY29) on a more extensive base.

    India’s defence exports include various products, such as aircraft, naval systems, missile technology, and military hardware.

    (With inputs from IANS)

  • January 2025 Bike Launches in India

    The new year kicks off with a lineup of motorcycles aimed at diverse riders, ranging from vintage-inspired models to advanced adventure bikes. Here’s an overview of the highly anticipated two-wheelers set to launch in January 2025.

    Royal Enfield Classic 650: Expanding Horizons

    Royal Enfield is preparing to introduce its Classic 650 to the Indian market after debuting it in Europe. The motorcycle, unveiled at EICMA 2024 in Milan, was showcased at Motoverse 2024 in Goa and is expected to hit Indian roads in January.

    Built on the Shotgun 650 platform, the Classic 650 integrates a 648cc parallel-twin engine that delivers 47 bhp at 7,250 rpm and 52.3 Nm of torque at 5,620 rpm. A 6-speed transmission with a slipper-assist clutch completes the setup.

    Royal Enfield Scram 440: Enhanced Performance

    The revamped Scram 440, also unveiled at Motoverse 2024, will have its pricing revealed in January. This model features a 443cc air-cooled single-cylinder engine producing 25.4 bhp at 6,250 rpm and 34 Nm of torque at 4,000 rpm.

    With a slight increase in bore size, the updated engine provides improved low-end torque, enhancing initial acceleration. A 6-speed gearbox replaces the previous 5-speed unit, coupled with a lighter clutch for a refined riding experience.

    KTM 390 Adventure S and Enduro R: A Dual Threat

    KTM recently unveiled the 390 Adventure S and, for the first time in India, the Enduro R at India Bike Week in December. Both models share the same 399cc liquid-cooled single-cylinder engine paired with a six-speed gearbox.

    The Adventure S caters to riders seeking versatility, featuring USD forks, a monoshock rear suspension, a 21-17 wheel setup, a TFT console, lean-sensitive ABS, traction control, and other advanced electronics.

    For off-road enthusiasts, the Enduro R offers a rugged build with adjustable suspension, a smaller LCD display, and options to disable ABS. Its 21-18 wheel combination and stripped-down design emphasize hardcore off-road performance.

    Hero Xpulse 210: Dakar-Ready

    Hero MotoCorp will unveil the Xpulse 210 in January alongside its participation in the Dakar Rally. First seen at EICMA 2024, this model features a 210cc liquid-cooled engine derived from the Karizma XMR, producing 24.5 bhp and 20.4 Nm of torque.

    Equipped with a 6-speed transmission and slipper-assist clutch, the Xpulse 210 boasts 21-inch front and 18-inch rear wheels, adjustable suspension, dual-channel ABS, and 210mm ground clearance, making it a capable off-road contender.

    TVS Ronin DS: Upgraded Variant

    TVS Motor is set to roll out the Ronin DS, an enhanced version of the Ronin series. Displayed at the Motosoul event in Goa, the Ronin DS comes with dual-channel ABS and two new colors, Glacier Silver and Charcoal Ember.

    Powered by a 225.9cc oil-cooled single-cylinder engine, it delivers 14.8 bhp at 7,750 rpm and 19.93 Nm of torque at 3,750 rpm, paired with a 5-speed gearbox.

  • Indian insurance sector sees 62pc surge in female salespersons in FY24: Report

    Indian insurance sector sees 62pc surge in female salespersons in FY24: Report

    IANS

    India’s insurance sector, traditionally dominated by men, has in FY24 witnessed a 62 per cent rise in active female Point of Salespersons (POSPs), compared to the previous year, according to a report on Monday.

    POSPs play a crucial role as intermediaries, simplifying insurance products for customers and guiding them in policy selection.

    The report by Probus, an InsurTech platform, showed that women are emerging as key players, promoting diversity and enhancing customer engagement. It noted that there has been an extraordinary rise of 120 per cent in the total number of women added in this role since FY22.

    This growth is powered by the inherent flexibility of the POSP profession, allowing women to manage their work schedules while balancing family commitments, said the report.

    The minimal entry barriers, coupled with increasing aspirations for financial independence and empowerment, have made the role an ideal choice for women seeking meaningful careers.

    InsurTech

    IANS

    “The increasing participation of women has introduced a fresh perspective to the insurance ecosystem, enhancing customer trust and engagement. Their contributions have also translated into measurable outcomes, with women POSPs driving a 15 per cent increase in premium revenues in FY24,” the report said.

    The remarkable rise of female POSPs also highlights the transformative potential of inclusivity, empowerment, and innovation in shaping India’s insurance sector.

    With their growing presence, women are not just changing the face of the workforce, but are also driving sustainable growth and redefining industry benchmarks.

    The insurance sector in India has grown significantly over the past few decades.

    According to the Insurance Regulatory and Development Authority of India (IRDAI), the insurance market in India is expected to reach $222 billion by 2026. In the next 10 years. The country is also expected to be the sixth-largest insurance market, leapfrogging Germany, Canada, Italy, and South Korea.

    (With inputs from IANS)

  • H1-B Visa row: Trump backs Elon Musk amid ‘MAGA civil war’ over immigration policies

    US President-elect Donald Trump sided with fellow billionaire and colleague Elon Musk, as he entered the fray on Saturday in a heated debate over H1-B Visa. 

    Some of Trump’s earliest supporters believe he is being influenced by wealthy tech donors like Musk. (Image Courtesy: John Shahidi X page)

    Trump, who is set to assume the presidency on January 20, lent his support for the specialised visa program designed to facilitate the entry of highly skilled workers into the United States, AFP reported.

    “I’ve always liked the (H1-B) visas, I have always been in favour of the visas, that’s why we have them at Trump-owned facilities,” the president-elect told the New York Post in his first public comments on the matter since it flared up this week.

    A heated dispute has erupted between Silicon Valley figures like Elon Musk and Donald Trump’s traditional anti-immigration supporters over the H1-B visa program, with Musk even declaring he would “go to war” over the issue.

    Trump’s hardline stance on immigration — pivotal to his election victory over President Joe Biden — includes promises to deport all undocumented immigrants and restrict legal immigration.

    However, Tesla CEO Musk and Vivek Ramaswamy — who are set to co-chair a government cost-cutting panel under Trump, named DOGE — argue that the United States lacks sufficient highly skilled graduates and passionately advocate for the H1-B programme.

    Musk, who immigrated from South Africa on an H1-B visa, stated on his platform X that attracting elite engineering talent from abroad is “essential for America to keep winning.”

    Adding fuel to the controversy, Ramaswamy, the son of Indian immigrants, criticised what he termed an “American culture” that celebrates mediocrity, warning that the United States risks being overtaken by China.

    This statement provoked outrage among Trump’s long-time conservative backers, some of whom expressed frustration with Musk’s late but substantial support for Trump, including a USD 250 million contribution to his campaign this year.

    “Looking forward to the inevitable divorce between President Trump and Big Tech,” said Laura Loomer, a far-right MAGA figure known for her conspiracy theories, who often flew with Trump on his campaign plane.

    “We have to protect President Trump from the technocrats.”

    She and others argued that Trump should prioritise American workers and further tighten immigration policies.

    ‘MAGA Civil War’ erupts over H1-B debate

    Elon Musk, who recently angered some Republicans by leading an online campaign that derailed a bipartisan budget deal, intensified the controversy by warning of a “MAGA civil war”. Posting on X, the social media platform he owns, Musk bluntly responded to critics, declaring, “I will go to war on this issue”.

    His comments provoked a sharp backlash from Trump strategist Steve Bannon, who criticised the H1-B visa program on Gettr, describing it as a system that imports “indentured servants” who work for less than American citizens. In a pointed attack, Bannon referred to Musk as a “toddler”, despite the Tesla CEO’s close ties to Trump, according to the AFP report.

    Moving forward as one team

    Trump’s AI and Crypto Czar nominee, David Sacks, has urged the incoming president’s team to move forward. Sacks, like Musk, advocated for reforms prioritising exceptional talent while stopping the misuse of H1-B visas.

    Replying to an X user, who tweeted: “America needs to be a destination for the world’s most elite talent. But the H-1B program isn’t the way to do that.” Musk said, “Easily fixed by raising the minimum salary significantly and adding a yearly cost for maintaining the H1B, making it materially more expensive to hire from overseas than domestically. I’ve been very clear that the program is broken and needs major reform.”

    Later, Sacks replied to Musk’s reply to the user’s tweet.

    “Elon has said that H1B should be overhauled, that it should focus on exceptional talent in high-value areas, and that the scams and low-pay jobs should end. This is not to say there aren’t still differences but less than it first appeared. Time to move forward as one team,” he said.

    Concerns over Trump’s shift toward tech donors

    Some of Trump’s earliest supporters worry that wealthy tech donors like Musk are influencing him, splitting him from his core campaign promises.

    Whether Trump’s latest comments will ease the growing internal rift within the Republican Party remains uncertain. The debate highlights the complexities of immigration reform and the challenges it could pose once Trump assumes office in January.

  • EPFO Rules Change: 5 big PF rules are going to change in the new year, Check all detail


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    The Employees’ Provident Fund Organisation (EPFO) is going to undergo several important changes in the year 2025, which will affect millions of salaried employees across India. These changes aim to enhance the experience, streamline processes and improve employee-employer transparency.

    If you are also a private sector employee and every month your money is deposited in the PF account, then many big changes are likely to happen in the new year i.e. 2025. The Employees Provident Fund Organization (EPFO) is going to undergo many important changes in the year 2025, which will affect millions of salaried employees across India. The goal of these changes is to enhance the experience, streamline processes and improve employee-employer transparency.

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    These changes are expected to have a significant impact on the financial security of millions of Indian employees. This will ensure a stronger and safer retirement for the future. Here is information about some such changes, which can be implemented in the year 2025. Let us know one important thing about them.

    PF money from ATM

    According to the report, EPFO ​​will issue an ATM card, which will allow members to withdraw money round the clock. This is part of a significant change in services for members. It is expected that this service of ATM withdrawal will be implemented during the next financial year.

    Employee contribution limit

    According to the report, the limit on EPF contribution of employees will be abolished. Currently, employees deposit 12% of their basic salary in the EPF account every month. However, instead of using the Rs 15,000 fixed by the EPFO, the government is considering letting employees contribute as per their actual salary.

    Increasing equity limit

    According to some reports, EPFO ​​is considering reinvesting a part of ETF income in shares and other assets to enhance returns. This can be implemented anytime during the new financial year.

    Pension from any bank branch

    In September 2024, Labour Minister Mansukh Mandaviya approved the Centralised Pension Payment System (CPPS). Under this, 7.8 million members can get pension under the Employees’ Pension Scheme from any bank branch. This rule will come into effect from January 1, 2025.

    Higher Pension Deadline

    The Employees’ Provident Fund Organisation (EPFO) has given employers the last chance to upload salary details of employees by January 31, 2025. Apart from this, employers are required to provide the clarifications requested by the EPFO ​​by January 15, 2025 to process the higher pension application.

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  • Budget 2025-26: CII seeks cut in income tax, 3-tier Customs duty to spur growth

    Budget 2025-26: CII seeks cut in income tax, 3-tier Customs duty to spur growth

    IANS

    Apex business chamber CII on Monday urged Finance Minister Nirmala Sitharaman to reduce personal income tax for individuals earning up to Rs 20 lakh per annum, introduce a three-tier customs duty structure with higher tariffs on finished goods and go for a 25 per cent increase in government capex in the Union Budget 2025-26 to spur growth in the economy.

    At a meeting held here with the Finance Minister in the run-up to the Budget, CII president Sanjiv Puri CII suggested the adoption of a 3-tier customs tariff structure with rates of inputs at 0 – 2.5 per cent, intermediates at 2.5 – 5.0 per cent, and final goods at 7.5 per cent over a period of time, with certain exceptions.

    CII also underlined the need to build on the success in manufacturing in certain sectors, with similar targeted interventions for sectors, that can create large-scale employment, like readymade garments, footwear, furniture, tourism, real estate and construction.

    CII said FTAs with countries like the EU and the UK should be expedited and lower duties should be levied on imports of raw materials like cotton

    The introduction of Next Gen reforms, particularly Labour reforms would go a long way in unlocking the potential of such labour-intensive sectors, according to the CII presentation.

    Finance Minister Nirmala Sitharaman

    IANS

    CII emphasised the need for a continued increase in the government’s capex spending by 25 per cent over the Rs 11.1 lakh crore budget for FY 25, with an enhanced focus on rural infrastructure which would have a multiplier effect on the economy and spur growth.

    CII further emphasised the need to develop an integrated foreign trade, investment and industrial policy. An expert group under the Finance Minister’s leadership could be constituted with industry participation to draft the policy, the chamber said.

    The CII presentation favours a fiscal deficit at 4.5 per cent for FY26 as a sharper contraction could impact demand.

    Debt targeting from FY27, with a glide path to bring the Central government’s debt to below 50 per cent of GDP by 2030-31. This is likely to have a positive impact on India’s sovereign credit rating and interest rates, the CII presentation states.

    Various measures to boost consumption suggested by CII include a reduction in excise duty on fuel to reduce overall inflation and boost disposable incomes. Reducing marginal tax rates for personal income up to Rs 20 lakh per annum to trigger the virtuous cycle of consumption, higher growth and higher tax revenue.

    The CII presentation also favours the divestment of government stakes in select PSEs to retain 51 per cent to unlock about Rs 10 lakh crore which could be utilised for — enhancing public capex, retiring government debt, and setting up a Sovereign Wealth Fund for investing in strategic assets overseas towards acquiring critical technologies and minerals.

    CII is of the view that the fundamentals of the Indian economy remain strong given the sound economic policies that India has pursued. Despite some softening of domestic demand in the first half, a progressive recovery is expected. However, global uncertainties, including excess capacity in China, a climate emergency and consequent food inflation, are clearly challenges.

    (With inputs ffrom IANS)