19 December 2024 News and Updates

19th December 2K24

📝 US Fed cuts key interest rates by 0.25% in 3rd straight reduction

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The Sensex tanked over 1,000 points today, December 19, 2024, primarily due to the US Federal Reserve's decision to slow down rate cuts in 2025. This move has led to a surge in Treasury yields and a stronger dollar, causing investors to become risk-averse and sell off stocks .

The Fed's cautious stance on future rate cuts has also led to a decline in Asian stocks, with Japan's Nikkei falling 1.8% and Australian shares sliding over 2%. The Dow Jones Industrial Average plunged over 1,000 points in response to the Fed's decision ¹.

Other factors contributing to the Sensex decline include:

- Weak Q4 Earnings: Muted cues from the Q4 earnings of large-cap companies have further dampened investor sentiment.

- FII Selling: Foreign Institutional Investors (FIIs) have been continuously selling in the Indian market, putting downward pressure on the Sensex.

Overall, the Sensex decline is a result of global market trends and investor sentiment, rather than any specific domestic factors.

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📝 Sebi tightens rules for SME market, including financial stability before IPOs

📝 NPPA ropes in patent office to decide on pleas for price cap exemption

📝 Realty investments hit all-time high in 2024

📝 Sanathan Textiles mobilises Rs 165 crore from anchor investors

📝 Tire maker Continental plans IPO of automotive unit by end 2025

📝 Grasim, Punjab & Sind Bank to issue Rs 5,000-cr bonds

📝 Net direct tax collection grows 16.45% to Rs 15.82 lk cr so far this fiscal: Govt data

📝 Investment push may spur GDP growth to 6.6% in FY26: Ind-Ra

📝 Fintechs seek RBI nod for credit line on UPI platform

📝 GIC buys a majority stake in hospital platform Asia Healthcare Holdings

📝 Retail intelligence platform Bizom raises $12 million in round led by VC firm Pavestone

📝 Quantum technology startup Quanfluence raises $2 million from Pi Ventures

📝 Bill Gates firm gives $40 million for Canadian carbon tech test bed

📝 Amazon exits Shoppers Stop; sells entire 4% stake for Rs 276 crore

📝 myTVS enters B2B qcom for automotive parts; promises 2 hour delivery

📝 AI firm Databricks raising $10 bn Series J Investment at $62 bn valuation

📝 Piramal Capital & Housing Finance to sell Rs 550 cr of NPLs through auction

📝 Shriram Finance raises $1.27 bn in multi-currency syndicated loan

📝 Nissan, Honda consider merger to take on world's biggest carmaker Toyota

📝 At $129 bn, India top recipient of remittances this year: World Bank

📝 GoM proposes GST cuts for health insurance, exemption for term policies

📝 Govt likely to target FY26 fiscal deficit at 4.4% of GDP to support growth

📝 India replaces Italy to bag 10th spot in US trade deficit rankings in 2024

📝 Mutual funds increase exposure to banking, IT stocks amid outperformance

📝 Hotel rates hit all-time high in 2024, driven by domestic tourism, weddings

📝 Bureau secures $30 m in Series B funding to combat growing cyber fraud

📝 US Congress lines up stopgap Bill to avert partial government shutdown

📝 Infosys unveils Rs 426-crore development centre in Kolkata

📝 US announces wholesale changes to H-1B visa rules, a boon for Indian techies

📝 NHPC in talks with Bhutan govt for hydro power JV

📝 Welspun logistics arm looks to raise Rs 4,000 crore

📝 Country Delight enters quick delivery market

📝 Mumbai Airport handles 4.8 million passengers in November, CSMIA reports 11% growth in cargo volumes

📝 Sembcorp Green Infra secures 150 mw solar project with 300 mwh battery storage from SECI

📝 Indian firms turn to euro, yen swaps to trim borrowing cost

📝 DAM Capital Advisors IPO raises ₹251.4 cr via anchor investors ahead of IPO

📝 ITC acquires 2.44% stake in EIH and 0.53% in Leela Mumbai for ₹111 crore

📝 US current account deficit hits record high in the third quarter

📝 IvyCentral.com Empowers Students to Navigate the Competitive College

📝 Employers can file wage details till Jan 31 for higher pension

📝 Russia claims to have developed cancer vaccine, to be free for all from 2025

📝 Sai Life Sciences shares list at ₹650 on NSE, up 18.4% from IPO price

📝 Vishal Mega Mart shares make stellar debut, list at ₹104, 33% premium

📝 Bihar sees 15-fold jump in data consumption, state goes big on infra.

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👉🏻CBDT launches campaign to intimate taxpayers on mismatch in ITR filed and AIS.

(The Income Tax dept said it is sending SMS and emails to taxpayers and non-filers where it has identified mismatch between transactions reported in Annual Information Statement (AIS) and income disclosed in ITRs for the financial years 2023-24 and 2021-22)

👇🏻 👇🏻 👇🏻

https://shorturl.at/GKTTC

👉🏻GST Annual Return Filing Process.

Step by Step Guide to Filing GSTR-9 Annual Return for F.Y. 2023-24.

👇🏻 👇🏻 👇🏻

https://shorturl.at/3FTfN

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