China December factory contraction deepens, more stimulus on the cards January 2nd, 2024 07:30
The government has in recent months introduced a series of policies to shore up a feeble post-pandemic recovery, which is being held back by a severe property slump, local government debt risks and soft global demand. But the world#39;s second-largest economy is still struggling to gain traction.

More EVs lose US tax credits including Tesla, Nissan, GM vehicles January 2nd, 2024 07:30
The Treasury issued guidelines in December detailing new battery sourcing requirements aimed at weaning the U.S. electric vehicle supply chain away from China. They took effect on Monday.

Chinese EV giant BYD posts 62% jump in 2023 vehicle sales January 2nd, 2024 07:30
The Shenzhen-based automaker said it sold about 1.6 million battery EVs as well as about 1.4 million plug-in hybrid EVs.

Baidu terminates $3.6 billion purchase of JOYY#39;s China live-streaming unit January 2nd, 2024 07:30
The failure of the deal casts a shadow on search engine giant Baidu#39;s ambition to diversify its revenue. The company proposed to acquire JOYY#39;s video-based entertainment live streaming business in China, known as YY Live, in 2020.

HUL receives Rs 447.5 crore GST demands and penalties January 2nd, 2024 07:30
In a regulatory filing, HUL -- which owns brands such as Lux, Lifebuoy, Surf Excel, Rin, Pond#39;s and Dove -- said these "orders are currently appealable" and it will make an assessment.

Market Trading Guide: Tata Steel, IRFC among 4 stock recommendations for Tuesday January 1st, 2024 21:27
The S&P BSE Sensex closed 0.04% higher at 72,272, while the NSE Nifty 50 index closed above the 21,700 level.

Diffusion Engineers files IPO papers with Sebi January 1st, 2024 21:27
The IPO is purely a fresh issue of up to 98,47,000 equity shares with a face value of Rs 10 each, according to the draft red herring prospectus filed on December 27. Going by the draft papers, proceeds from the issue will be used by the company towards expansion of its existing manufacturing facility and setting up a new manufacturing facility in Maharashtra.

HSBC MF cautions against high return expectations in 2024; picks 5 sectoral themes January 1st, 2024 21:27
The Nifty50 continues to trade at 19.8 times its 1-year forward P/E based on the consensus earnings. On a 10-year basis, the index is still trading 10% above its 10-year mean valuation, says HSBC Mutual Fund

Diffusion Engineers files IPO draft papers with SEBI for fresh issue January 1st, 2024 21:27
Diffusion Engineers IPO | The offer comprises only a fresh issue of 98.47 lakh equity shares by the company.

6 capital goods stocks hit fresh 52-week highs; rallied up to 30% in a month January 1st, 2024 19:30
The 52-week high acts as a vital technical indicator for traders and investors, indicating the highest price a stock has reached in the preceding year.