1 / 17The US dollar strengthened on Tuesday after stronger-than-expected November retail sales showed economic growth, driven by motor vehicle and online purchases, ahead of central bank rate decisions.
2 / 17Nvidia shares dropped on Tuesday, while Broadcom edged lower after early gains. Year-to-date, Nvidia is up over 160%, and Broadcom has gained more than 120%.
3 / 17Salesforce, whose next-gen AI agent software launches in February 2025, will hire 2,000 AI-focused salespeople, doubling its earlier plans, CEO Marc Benioff announced.
4 / 17Honda and Nissan are reportedly discussing forming a holding company to share resources and collaborate on technology, facing growing competition from Tesla and Chinese automakers.
5 / 17President-elect Donald Trump expressed optimism that the US and China could solve global challenges together, a sentiment echoed by Chinese Foreign Minister Wang Yi, who highlighted the potential of their cooperation.
6 / 17Japan’s exports grew 3.8% in November, exceeding expectations, driven by strong chipmaking equipment demand in Taiwan and China and a weaker yen, despite concerns over US trade policies. (Image: REUTERS)
7 / 17Foreign portfolio investors sold ₹6,409.86 crore in Indian stocks on Tuesday as the rupee hit a record low, pushing the Nifty down 1.35% to 24,336 and the Sensex 1.3% lower to 80,684.45.
8 / 17Ambuja Cements will merge Sanghi Industries and Penna Cement with itself, offering Sanghi shareholders 12 Ambuja shares (₹2 face value each) for every 100 Sanghi shares (₹10 face value).
9 / 17LG Energy Solution and JSW Energy are in talks for a $1.5 billion joint venture to manufacture batteries for electric vehicles and energy storage, with plans to set up a 10 GWh plant in India. (Image: REUTERS)
10 / 17ITC Ltd. announced that its hotel business will be demerged effective January 1, 2025, after the Kolkata NCLT approved the scheme in October.
11 / 17The RBI has lifted restrictions on ECL Finance Ltd. and Edelweiss Asset Reconstruction Company Ltd., which were imposed in May 2024, allowing them to resume normal business activities. (Image: X)
12 / 17SEBI will meet on December 18 to discuss proposals aimed at enhancing investor protection, improving transparency in SME listings, and easing business operations for registered entities.
13 / 17SEBI has banned Foreign Portfolio Investors (FPIs) from issuing offshore derivative instruments (ODIs) based on derivatives or using derivatives to hedge ODIs in India, requiring securities to be the sole underlying and fully hedged on a one-to-one basis. (Image: REUTERS)
14 / 17The 55th GST Council meeting will review the current GST structure on life and medical insurance, based on recommendations from the Group of Ministers on Health Insurance presented on December 16.
15 / 17Finance Minister Nirmala Sitharaman called the 5.4% GDP growth in Q2FY25 a “temporary blip” and expressed confidence in strong future growth, highlighting India’s steady 8.3% average GDP growth over the past three years.
16 / 17India has ended the policy allowing duty-free imports of solar power equipment, banning the use of customs-bonded warehouses for solar-related activities to boost local production and prevent revenue losses.
17 / 17The government informed Parliament that the Central Consumer Protection Authority (CCPA) issued 45 notices and fined 19 coaching centers ₹61.6 lakh for misleading ads and unfair practices, including not refunding enrollment fees.
