1 / 19Dow hits record as Trump’s picking Scott Bessent for treasury stokes optimism: Stocks climbed with bonds while the dollar fell as traders welcomed Donald Trump’s pick of Scott Bessent for Treasury Secretary, betting the hedge-fund manager will bring a Wall Street mindset to the role. The S&P 500 rose 0.3%. The Nasdaq 100 added 0.1%. The Dow Jones Industrial Average climbed 1%. Big techs were mixed, with Amazon.com Inc. rallying while Nvidia Corp. and Tesla Inc. pushed lower. Macy’s Inc. sank after delaying its earnings as an investigation revealed a worker his millions in expenses.
2 / 19Trump to impose 25% tariffs on all imports from Canada, Mexico, additional 10% on China imports: US President-elect Donald Trump said Monday he intends to impose a 25 percent tariff on goods from Mexico and Canada, along with a 10 percent tariff on imports from China in response to the illegal drug trade and immigration. In a series of posts to his Truth Social social media account, Trump vowed to hit some of the United States’ largest trading partners with sweeping tariffs on all goods entering the country.
3 / 19Zoom lifts full year guidance after Q3 beats estimates, expands share repurchase: Zoom Video Communications lifted its full-year guidance Monday after reporting third-quarter results that beat Wall Street estimates, underpinned by efforts to reduce churn and boost enterprise revenue. Zoom Video Communications Inc (NASDAQ:ZM) stock was down 1% in after-hours trading.
4 / 19Tesla racked up greenhouse emission credits in 2023, peers lagged: Tesla generated nearly 34 million metric tons of greenhouse gas credits in the 2023 model year by selling electric vehicles, as the auto industry racked up significant credit deficits in the face of more stringent emissions standards.
5 / 19Meta faces April trial in FTC case seeking to unwind Instagram merger: Facebook owner Meta Platforms will face trial in April over the U.S. Federal Trade Commission’s allegations that the social media platform bought Instagram and WhatsApp to crush emerging competition, a judge in Washington said on Monday.
6 / 19Google’s US antitrust trial over online ad empire draws to a close: The U.S. Department of Justice will make its final argument on Monday that Google illegally dominated online advertising technology, seeking a second antitrust win against the company. The closing arguments in Alexandria, Virginia, cap a 15-day trial held in September where prosecutors sought to show Google monopolized markets for publisher ad servers and advertiser ad networks, and tried to dominate the market for ad exchanges which sit between buyers and sellers.
7 / 19Warren Buffett speaks out against creating family wealth dynasties, gives away another $1.1 bn: Warren Buffett, who has amassed a $150 billion personal fortune, made a case against creating “dynastic” wealth as he named three independent trustees to oversee his philanthropy following his children and donated an additional $1.1 billion in Berkshire Hathaway stock to his family’s four foundations.
8 / 19Nifty climbs to close above 24,000: The frontline Nifty 50 index staged a recovery to close above the 24,000 mark on Monday, led by a surge in financial stocks, even as the spotlight turned to the outcome of the presidential election in the United States.
9 / 19Rupee regains some lost ground vs $, sees best day in 5 months: The rupee recorded its biggest single-day jump since June 3 on Monday due to foreign inflows after rebalancing of MSCI global indices, slight weakening of the dollar index and softening of US yields, said market participants. Additionally, lower fixing of the yuan by the People’s Bank of China (PBOC) compared with its previous close supported the Indian rupee and other emerging market currencies.
10 / 19Adani stocks gain, but bonds slide: Adani dollar bond prices fell to almost one-year lows on Monday as investors cut their exposure to the Indian conglomerate in the wake of bribery and fraud allegations from U.S. authorities. The group’s billionaire chairman, Gautam Adani, and seven other people were last week charged with agreeing to pay around $265 million in bribes to Indian government officials.
11 / 19Total Energies puts further investment in Adani on hold; GQG stays committed: Two of the largest investors in the Adani group have made contrasting investment decisions after US authorities indicted Gautam Adani and two other directors in a $250 million bribery case. French oil giant TotalEnergies, which has invested $3.85 billion in Adani group companies since 2019, said on Monday that it had decided to hold off on new investments until the allegations are clarified. US-based GQG Partners affirmed its faith in the Adani group, expecting that the Indian government would back the ports-to-retail conglomerate.
12 / 19Enough cash, no concerns on debt servicing, says Adani Group: Combined cash flows in the past 12 months were more than the annual debt repayments projected for each of the next 10 financial years, the Adani Group said in its press release. This, it said, highlights that its earnings can manage its debt repayment obligations.
13 / 19HUL to spin-off ice-cream biz into separate listed entity: Hindustan Unilever (HUL) on Monday said its board has given an in-principle approval to demerge its ice-cream business into an independent listed entity to create a business with a differentiated operating model and supply chain. Ice-cream requires a distinct approach to manufacturing and distribution.
14 / 19Zomato launches its QIP: Food delivery aggregator Zomato Ltd opened its ₹8,500 Qualified Institutions Placement (QIP) offering on Monday , with a floor price set at ₹265.91 per equity share. The indicative price has been set at ₹252.62 per share, a 7.6% discount to Tuesday’s closing market price of ₹272.9 apiece. A total of 3.8% equity or 33.65 crore shares are on offer.
15 / 19Indigo gains market share as domestic air traffic rises in October: India’s domestic air passenger traffic grew by 5.3% in October, reaching 1.36 crore passengers, up from 1.26 crore last year, according to the DGCA. Budget carrier IndiGo led the market, carrying 86.4 lakh passengers with a 63.3% market share.
16 / 19Mahindra to unveil two born electric EVs today: Indian automobile giant Mahindra and Mahindra is all geared up to strengthen its presence in the electric passenger vehicle market with the introduction of two all-new models: the XEV 9e and BE 6e.
17 / 19Cabinet approves withdrawal of bank guarantees by telcos for pre-2022 spectrum: The Union Cabinet has approved a waiver of bank guarantees for telecom companies, marking a significant step toward easing the financial burden on the sector, with Vodafone Idea expected to be one of the key beneficiaries. The waiver applies to spectrum acquired by telecom operators in auctions held before 2022, according to sources.
18 / 19Cabinet clears move to PAN 2.0 with QR codes, unification of PAN, TIN, TAN for biz: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the PAN 2.0 Project with a financial outlay of Rs 1,435 crore. This initiative will provide free upgrades to existing PAN cards, including the addition of a QR code, enhancing digital taxpayer services.
19 / 19S&P trims India FY26, FY27 growth outlook, keeps FY25 forecast unchanged: The global ratings agency S&P Global has lowered its projection for India’s GDP growth for FY26 to 6.7% and for FY27 to 6.8%. It has retained its outlook at 6.8% GDP growth in FY25.
