Tuesday, November 26
Though Donald Trump, who made history by staging an impressive comeback as the US President, will take many days or even weeks to select his cabinet and other high-ranking administration officials, the speculation has already started about who can land top jobs in the Trump administration.Top contenders for some of the key posts overseeing defense, intelligence, diplomacy, trade, immigration and economic policymaking will include some of his closest and loyal allies who have been by his side in the past few years.Those with particular positions in mind have begun reaching out to members of Trump’s inner circle to try and talk themselves up. Trump, who is known to be superstitious, largely avoided these conversations in recent weeks, despite allies who believed they proved their loyalty t
Donald Trump will begin the process of choosing a cabinet and selecting other high-ranking administration officials in the coming weeks following his presidential election victory. Here are the top contenders for some of the key posts overseeing defense, intelligence, diplomacy, trade, immigration and economic policymaking. Some are in contention for a range of posts. SCOTT BESSENT, potential treasury secretary Bessent, a key economic adviser to Trump, is widely seen as a top candidate for treasury secretary. A longtime hedge fund investor who taught at Yale University for several years, Bessent has a warm relationship with the president-elect. While Bessent has long favored the laissez-faire policies that were popular in the pre-Trump Republican Party, he has also spoken highly of Trump'
More than five years ago on an April evening, cash-starved Jet Airways announced temporary grounding of operations after flying as a full service airline for 25 years. Since then, more than 20,000 jobs and money worth thousands of crores owed to lenders, vendors and passengers evaporated while awaiting an insolvency resolution. And today, the Supreme Court ordered the airline's liquidation, marking the formal completion of a turbulent journey into the sunset and shattering lean revival hopes. On April 17, 2019, the airline's last flight S2-3502 took off from Amristar around 10.30 pm and touched down at Mumbai's Chhatrapati Shivaji International Airport at 12.22 am on April 18. Jet Airways' low-cost arm JetLite operated the flight with a Boeing 737-800 aircraft, which was later taken on
A long negative candle was formed on the Nifty daily chart on Thursday after the upside bounce of the last two sessions. The crucial overhead resistance of 24,500 remained intact and the market was not able to sustain above the resistance area. Though technically this candle pattern is not showing any signs of a bigger decline from here, but some consolidation or minor dip is expected towards 23,800 or slightly lows.The short-term trend remains dicey with short-term volatility in the market. Until the Nifty surpasses 24,500 levels, a meaningful upside rally is not expected. At the lows, the Nifty could find support around 23,800 levels, said Nagaraj Shetti of HDFC Securities.In the open interest (OI) data, the highest OI on the call side was observed at 24,200 and 24,250 strike prices, whi
Stock markets rallied more than 1% on Wednesday with benchmark Sensex soaring 901 points amid Donald Trump's victory in the US presidential polls.Stocks that were in focus include names like Tata Steel, which rose 1%, Apollo Hospitals, which was flat, and Delta Corp, whose shares jumped nearly 1.6% on Wednesday.Here's what Priyank Upadhyay, Head Research, SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today.Tata SteelSince Oct 2024 after making a peak around 170 prices have corrected towards Aug 2024 lows around 142 and have taken support there which is a good sign.There is a formation of double bottom in the support zone of 145/140. Prices are near to 20-day ema at 152 and closing above that will be a bullish sign.Yesterday
The second quarter earnings season is underway and as many as 166 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out for include that of M&M, Trent, NHPC and Page Industries.Apart from the above, Saven Technologies, Allcargo Gati, AK Capital, Akzo Nobel, Aplab Ltd, Arcee Industries, Arihant Capital, Alembic Pharma, Astral Ltd, Cochin Shipyard, Emcure Pharma, Emami Ltd, Escorts Kubota, Indian Hotels, IndiGo Paints, Lupin Ltd, NHPC and a few others will announce their quarterly results.M&M Q2 expectationsMahindra and Mahindra is expected to report healthy growth in its revenues for the second quarter ended September 2024, driven by tractor and automotive segments. Meanwhile, profits are likely to be muted.Analyst estimat
Ottawa [Canada]: Canadian President Justin Trudeau condemned the recent violence that took place at Brampton's Hindu Sabha Mandir on Sunday, stating that those who were responsible for the act were inciting division and unrest.Speaking at the House of Commons in the Canadian Parliament on Wednesday, Trudeau stated that the communities who instigated the violence were neither the Sikh community nor the Hindu community in Canada, failing to underscore the involvement of Khalistseparatists in the attacks."The violence we have seen in South Asian communities across the country over the past few nights, let me be very clear. The individuals who are inciting violence and division and hatred in no way represent either the Sikh community or the Hindu community in Canada," Trudeau said."At the time
Regulator Irdai has proposed to amend the norms related to 'regulatory sandbox' by incorporating principle-based approach and further facilitate adoption of innovative ideas and new concepts across the insurance value chain. Regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may or may not permit certain relaxations. Insurance Regulatory and Development Authority of India (Irdai) had constituted an internal committee to review the Irdai (Regulatory Sandbox) Regulations. Based on the recommendations of the committee, it has proposed amendments to the regulatory sandbox regulations and seeks comments from the public at large on the proposed amendments. Issuing an exposure draft on regulatory sandb
