BIG NEWS 🚨 Tukaram Mundhe bans loose edible oil in Maharashtra, warns of up to 7 years in jail.
"Currently, loose oil is being sold on a large scale, yet its source is unknown. That oil is also frequently reused"
"Misleading advertisements could attract a fine of up to Rs 10 lakh"
"No compromise will be made on the safety of edible oil, which is directly linked to citizens' daily diet"
Key points tobe noted
US PCE inflation data and Michigan expectations
• ADR movements for ICICI Bank, HDFC Bank, Infosys, Reliance, Wipro
• SEBI index weightage impact on banks
• Upcoming Japan GDP and global macros
The positive trial results represent a significant development for Dr. Reddy's oncology pipeline and could impact the company's future drug development prospects in cancer treatment
Aurigene Oncology, a subsidiary of Dr. Reddy's, announced positive early results from its Phase1 study of AUR112, an oral drug for treating relapsed lymphoid cancers, achieving a 63.6% response rate.
Ankit Kumar Jain has resigned from his position as Company Secretary and Compliance Officer at Black Rose Industries Limited to pursue an alternate career opportunity outside the organization. His resignation will be effective from the close of business hours on December 31, 2025
Trump announced plans to reveal a new Federal Reserve appointment early next year, while clarifying that Bessent is not interested in pursuing a Federal Reserve position.
Trump stated that Jamie Dimon suggests Federal Reserve Chair Powell should lower interest rates. The claim highlights ongoing discussions about monetary policy direction involving key financial and political figures.
GIFT Nifty is signalling a massive 100–140 points gap-up opening! In today’s Pre Market Report, we break down the three major triggers behind this rally India’s stunning 8.2% GDP growth, the fresh update on the India–US trade deal, and the strong finish from the US markets
Asia-Pacific markets opened with mixed performance after Wall Street posted gains driven by a technology sector rebound. The ASX 200 gained 0.39%, Nikkei 225 rose 1.31%, and KOSPI increased 1.19%, reflecting positive momentum from US tech stock recovery.
The Reserve Bank of India has issued a Certificate of Authorization to Paytm Payments Services Limited, enabling it to operate as a payment aggregator. This regulatory approval allows One 97 Communications' subsidiary to facilitate payment processing services for merchants and businesses.
Patel Engineering has secured a new project contract valued at 7.98 billion rupees. This project win represents a significant business development for the engineering company, adding substantial value to its order book.
Torrent Power is reportedly positioned to purchase a unit from L&T in a transaction valued at $1.2 billion. The acquisition represents a significant expansion move for Torrent Power and a major divestment for L&T.
Wipro announced a strategic alliance with the Indian Institute of Science (IISc) to establish a joint research program focused on artificial intelligence. The partnership aims to advance Al research capabilities through collaboration between the IT services company and the premier academic institution.
Gold and copper prices climbed higher as traders anticipated a Federal Reserve rate cut in December, with dovish signals suggesting easier monetary policy ahead. Gold exceeded $4,000 per ounce, marking its strongest performance since 1979.
Canadian Prime Minister Carney confirmed that formal trade talks with the United States have not resumed, despite having a brief discussion with Trump on Tuesday. Carney plans to meet with Trump next week during his visit to Washington for the World Cup draw.
Trump stated that South Africa blocked a U.S. embassy representative from receiving the G20 presidency handover, prompting his decision to bar the country from the 2026 G20 summit in Miami. The U.S. will immediately cut al payments and subsidies to Pretoria in response to the diplomatic incident.
Ukraine's Prime Minister stated that a new IMF agreement demonstrates the country's economic resilience and risk management capabilities. The Prime Minister confirmed that Ukraine's 2026 budget aligns with IMF requirements while the country continues its reform agenda and anti-corruption initiatives